VHMco
ActiveSummary
VHMco is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €30,179 and a net result of €3,003. Equity is shrinking by ~18.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 28% of 9872 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €30,179
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
34 d early
2022
34 d early
2021
32 d early
2020
36 d early
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€30,179▲ 7.5%
2023 · €28,076
Net result
€3,003▼ 89.3%
2023 · €28,137
Total assets
€105,901▲ 58.0%
2023 · €67,039
Solvency
28.5%▼ 13.4pp
2023 · 41.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€34,197▼ 7.8%€9,535▼ 72.1%€52,401▲ 450%€30,869▼ 41.1%€56,968▲ 84.5%
Net result-€8,762below the sector's middle half▲ 54.9%€6,125within the sector's middle half-€77,402below the sector's middle half€28,137within the sector's middle half€3,003below the sector's middle half▼ 89.3%
Equity€72,867within the sector's middle half▼ 11.6%€78,191within the sector's middle half▲ 7.3%€790below the sector's middle half▼ 99.0%€28,076below the sector's middle half▲ 3,456%€30,179below the sector's middle half▲ 7.5%
Total assets€110,318below the sector's middle half▼ 4.5%€100,905below the sector's middle half▼ 8.5%€72,341below the sector's middle half▼ 28.3%€67,039below the sector's middle half▼ 7.3%€105,901below the sector's middle half▲ 58.0%
Debt€37,451▲ 13.2%€22,714▼ 39.4%€71,552▲ 215%€38,963▼ 45.5%€75,722▲ 94.3%
Working capital€71,409within the sector's middle half▼ 9.8%€75,836within the sector's middle half▲ 6.2%-€783within the sector's middle half€27,287within the sector's middle half€21,804within the sector's middle half▼ 20.1%
Solvency66.1%within the sector's middle half▼ 5.3pp77.5%above the sector's middle half▲ 11.4pp1.1%below the sector's middle half▼ 76.4pp41.9%within the sector's middle half▲ 40.8pp28.5%within the sector's middle half▼ 13.4pp
Current ratio2.91within the sector's middle half▼ 0.494.34above the sector's middle half▲ 1.430.99within the sector's middle half▼ 3.351.70within the sector's middle half▲ 0.711.29within the sector's middle half▼ 0.41
Return on assets (ROA)-7.9%below the sector's middle half▲ 8.9pp6.1%within the sector's middle half▲ 14.0pp-107.0%below the sector's middle half▼ 113.1pp42.0%above the sector's middle half▲ 149.0pp2.8%within the sector's middle half▼ 39.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 85% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €105,901
Fixed assets
€8,375 ▲ 961%
Current assets
€97,525 ▲ 47.2%
Equity and liabilities €105,901
Equity
€30,179 ▲ 7.5%
Debt
€75,722 ▲ 94.3%
Debt's share of the balance-sheet total rises from 58.1% to 71.5%. Equity and debt are higher.
Key figures and ratios
ROE
9.9%▼
2023 · 100.2%
Debt ≤ 1 year
€75,722▲
2023 · €38,963
Income taxes
€437▼
2023 · €1,872
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,805 | €589 | €783 | €783 | €1,732 | ▲ 121% |
| Other operating charges640/8 | - | €533 | €369 | €506 | €635 | ▲ 25.4% |
| Gross operating margin9900 | €37,294 | €10,656 | €53,553 | €32,158 | €59,334 | ▲ 84.5% |
| Operating profit (loss)9901 | €34,197 | €9,535 | €52,401 | €30,869 | €56,968 | ▲ 84.5% |
| Financial income75/76B | - | €7 | €29 | €0 | - | - |
| Recurring financial income75 | €0 | €7 | €29 | €0 | - | - |
| Financial charges65/66B | - | €1,230 | €129,542 | €861 | €53,528 | ▲ 6,120% |
| Recurring financial charges65 | €42,330 | €1,230 | €129,542 | €861 | €53,528 | ▲ 6,120% |
| Profit (loss) for the period before taxes9903 | -€8,133 | €8,312 | -€77,112 | €30,008 | €3,440 | ▼ 88.5% |
| Income taxes67/77 | €629 | €2,187 | €290 | €1,872 | €437 | ▼ 76.7% |
| Profit (loss) for the period9904 | -€8,762 | €6,125 | -€77,402 | €28,137 | €3,003 | ▼ 89.3% |
| Profit (loss) for the period to be appropriated9905 | -€8,762 | €6,125 | -€77,402 | €28,137 | €3,003 | ▼ 89.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €110,318 | €100,905 | €72,341 | €67,039 | €105,901 | ▲ 58.0% |
| Fixed assets21/28 | €1,458 | €2,356 | €1,573 | €789 | €8,375 | ▲ 961% |
| Tangible fixed assets22/27 | €1,458 | €2,356 | €1,573 | €789 | €8,375 | ▲ 961% |
| Plant, machinery and equipment23 | - | €2,356 | €1,573 | €789 | €492 | ▼ 37.7% |
| Furniture and vehicles24 | - | - | - | - | €7,883 | - |
| Current assets29/58 | €108,860 | €98,549 | €70,769 | €66,250 | €97,525 | ▲ 47.2% |
| Amounts receivable within one year40/41 | €30,406 | €22,153 | €15,488 | €14,399 | €17,398 | ▲ 20.8% |
| Trade receivables40 | - | €17,782 | €15,488 | €14,399 | €16,335 | ▲ 13.4% |
| Other amounts receivable41 | - | €4,371 | - | - | €1,063 | - |
| Cash at bank and in hand54/58 | €75,187 | €64,265 | €53,592 | €49,907 | €77,967 | ▲ 56.2% |
| Deferred charges and accrued income490/1 | - | €12,132 | €1,688 | €1,943 | €2,160 | ▲ 11.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €110,318 | €100,905 | €72,341 | €67,039 | €105,901 | ▲ 58.0% |
| Equity10/15 | €72,867 | €78,191 | €790 | €28,076 | €30,179 | ▲ 7.5% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €66,667 | €71,991 | €5,000 | €21,876 | €23,979 | ▲ 9.6% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €70,131 | €5,000 | €21,876 | €23,979 | ▲ 9.6% |
| Profit (loss) carried forward14 | - | - | -€10,410 | - | - | - |
| Amounts payable17/49 | €37,451 | €22,714 | €71,552 | €38,963 | €75,722 | ▲ 94.3% |
| Amounts payable within one year42/48 | €37,451 | €22,714 | €71,552 | €38,963 | €75,722 | ▲ 94.3% |
| Trade debts44 | €1,315 | €453 | €793 | €3,233 | €9,589 | ▲ 197% |
| Suppliers440/4 | - | €453 | €793 | €3,233 | €9,589 | ▲ 197% |
| Taxes, remuneration and social security45 | - | €16,745 | €12,026 | €9,762 | €10,523 | ▲ 7.8% |
| Taxes450/3 | - | €16,745 | €12,026 | €9,762 | €10,523 | ▲ 7.8% |
| Other amounts payable47/48 | - | €5,516 | €58,732 | €25,967 | €55,610 | ▲ 114% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,762 | €6,125 | -€77,402 | €28,137 | €3,003 | ▼ 89.3% |
| + Depreciation and write-downs630 | €1,805 | €589 | €783 | €783 | €1,732 | ▲ 121% |
| Operating cash flow (approximation) | -€6,957 | €6,713 | -€76,619 | €28,920 | €4,735 | ▼ 83.6% |
| Investment in fixed assets (approximation) | - | -€1,487 | €0 | €0 | -€9,318 | - |
| Change in cash | - | -€10,922 | -€10,673 | -€3,685 | €28,059 | ▲ 861% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €28,137
Net result €28,137 after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€77,402
Net result drops to -€77,402, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €6,125
Net result €6,125 after 2 loss-making years.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2014
Ground area
368 m²
Building footprint
119 m²
Volume, LiDAR
886 m³
Parcel 71326F0075/00N003, Flanders · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VHMco
since 20142.234.579.892
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71326F0075/00N003 | Flanders | 368 m² | 1 · 119 m² | 13.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 750 EUR awarded · 750 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 750 EUR | 750 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300L6SCB5OUQ5PB47
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 8,796 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-09-2014
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
73300Public relations and communication consultancy
82100Office administrative and support services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0562862789
Also
9925:BE0562862789
Registered
05-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.