VHProPhysio
ActiveSummary
VHProPhysio has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €30,912 and a net result of €7,010. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 19918 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability91▲+24
Solvency100▲+40
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 3.2 against 1.0 in 2023; short-term debt: 20.3% and cash: 25.7% of total assets), and 20.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
79.7%
Return on assets
18.1%
Age of the figures
21 mo
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 31-07-2025, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
9 d early
2022
28 d early
2021
16 d early
2020
6 d late
2019
5 d late
← 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 7 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€30,912▲ 87.3%
2023 · €16,502
Total assets
€38,781▼ 17.4%
2023 · €46,963
Net result
€7,010▲ 409%
2023 · €1,377
Working capital
€17,341▲ 415,756%
2023 · €4
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€2,113▼ 86.5%€17,478▲ 727%€12,894▼ 26.2%€3,959▼ 69.3%€10,701▲ 170%
Net result€858▼ 92.1%€13,221▲ 1,442%€7,494▼ 43.3%€1,377▼ 81.6%€7,010▲ 409%
Equity€17,940▲ 5.0%€31,161▲ 73.7%€38,654▲ 24.0%€16,502▼ 57.3%€30,912▲ 87.3%
Total assets€25,823▲ 0.2%€45,642▲ 76.8%€51,356▲ 12.5%€46,963▼ 8.6%€38,781▼ 17.4%
Debt€7,883▼ 9.3%€14,481▲ 83.7%€12,701▼ 12.3%€30,461▲ 140%€7,868▼ 74.2%
Working capital€14,667▼ 26.3%€9,982▼ 31.9%€19,834▲ 98.7%€4▼ 100.0%€17,341▲ 415,756%
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 170% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €38,781
Fixed assets
€13,571 ▼ 23.7%
Current assets
€25,210 ▼ 13.6%
Equity and liabilities €38,781
Equity
€30,912 ▲ 87.3%
Debt
€7,868 ▼ 74.2%
Debt's share of the balance-sheet total falls from 64.9% to 20.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,559▲
2023 · €8,816
Cash flow
€11,868▲
2023 · €6,235
Current ratio
3.20▲
2023 · 1.00
Debt to equity
0.25▼
2023 · 1.85
ROE
22.7%▲
2023 · 8.3%
ROA
18.1%▲
2023 · 2.9%
Interest coverage
11.35▲
2023 · 5.34
Debt ≤ 1 year
€7,868▼
2023 · €29,180
Income taxes
€2,321▲
2023 · €932
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,500 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,200 | €3,974 | €4,858 | €4,858 | €4,858 | = |
| Other operating charges640/8 | - | €348 | €609 | €901 | €554 | ▼ 38.5% |
| Gross operating margin9900 | €3,671 | €21,800 | €18,361 | €9,717 | €16,113 | ▲ 65.8% |
| Operating profit (loss)9901 | €2,113 | €17,478 | €12,894 | €3,959 | €10,701 | ▲ 170% |
| Financial charges65/66B | - | €915 | €568 | €1,650 | €1,370 | ▼ 16.9% |
| Recurring financial charges65 | €743 | €915 | €568 | €1,650 | €1,370 | ▼ 16.9% |
| Profit (loss) for the period before taxes9903 | €1,370 | €16,563 | €12,325 | €2,309 | €9,331 | ▲ 304% |
| Income taxes67/77 | €513 | €3,342 | €4,831 | €932 | €2,321 | ▲ 149% |
| Profit (loss) for the period9904 | €858 | €13,221 | €7,494 | €1,377 | €7,010 | ▲ 409% |
| Profit (loss) for the period to be appropriated9905 | €858 | €13,221 | €7,494 | €1,377 | €7,010 | ▲ 409% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25,823 | €45,642 | €51,356 | €46,963 | €38,781 | ▼ 17.4% |
| Formation expenses20 | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €7,150 | €27,494 | €22,637 | €17,779 | €13,571 | ▼ 23.7% |
| Tangible fixed assets22/27 | €7,150 | €26,394 | €21,537 | €16,679 | €11,821 | ▼ 29.1% |
| Plant, machinery and equipment23 | - | €26,394 | €21,537 | €16,679 | €11,821 | ▼ 29.1% |
| Furniture and vehicles24 | - | - | €0 | - | - | - |
| Financial fixed assets28 | - | €1,100 | €1,100 | €1,100 | €1,750 | ▲ 59.1% |
| Current assets29/58 | €18,672 | €18,148 | €28,719 | €29,184 | €25,210 | ▼ 13.6% |
| Amounts receivable within one year40/41 | €0 | €2,621 | €15,469 | €3,737 | €1,068 | ▼ 71.4% |
| Trade receivables40 | - | €2,450 | €12,800 | - | - | - |
| Other amounts receivable41 | - | €171 | €2,669 | €3,737 | €1,068 | ▼ 71.4% |
| Cash at bank and in hand54/58 | €15,068 | €10,772 | €6,254 | €14,874 | €9,977 | ▼ 32.9% |
| Deferred charges and accrued income490/1 | - | €4,755 | €6,997 | €10,573 | €14,165 | ▲ 34.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25,823 | €45,642 | €51,356 | €46,963 | €38,781 | ▼ 17.4% |
| Equity10/15 | €17,940 | €31,161 | €38,654 | €16,502 | €30,912 | ▲ 87.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €18,600 | ▲ 200% |
| Profit (loss) carried forward14 | €11,740 | €24,961 | €32,454 | €10,302 | €12,312 | ▲ 19.5% |
| Amounts payable17/49 | €7,883 | €14,481 | €12,701 | €30,461 | €7,868 | ▼ 74.2% |
| Amounts payable after more than one year17 | - | €6,316 | €3,816 | €1,281 | - | - |
| Financial debts170/4 | - | €6,316 | €3,816 | €1,281 | - | - |
| Amounts payable within one year42/48 | €4,006 | €8,166 | €8,886 | €29,180 | €7,868 | ▼ 73.0% |
| Current portion of amounts payable after more than one year42 | - | €2,465 | €2,500 | €2,535 | €1,281 | ▼ 49.5% |
| Trade debts44 | - | - | €850 | €24 | €94 | ▲ 289% |
| Suppliers440/4 | - | - | €850 | €24 | €94 | ▲ 289% |
| Taxes, remuneration and social security45 | - | €3,194 | €2,842 | €2,268 | €321 | ▼ 85.9% |
| Taxes450/3 | - | €3,194 | €2,842 | €2,268 | €321 | ▼ 85.9% |
| Other amounts payable47/48 | - | €2,506 | €2,694 | €24,353 | €6,173 | ▼ 74.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €858 | €13,221 | €7,494 | €1,377 | €7,010 | ▲ 409% |
| + Depreciation and write-downs630 | €1,200 | €3,974 | €4,858 | €4,858 | €4,858 | = |
| Operating cash flow (approximation) | €2,057 | €17,196 | €12,351 | €6,235 | €11,868 | ▲ 90.4% |
| Investment in fixed assets (approximation) | - | -€24,318 | €0 | €0 | -€650 | - |
| Change in cash | - | -€4,295 | -€4,519 | €8,620 | -€4,898 | ▼ 157% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 3.20
Current ratio from 1.00 to 3.20; short-term debt falls from €29,180 to €7,868.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €13,221 ▲1,442%
Operating result €17,478, net result €13,221, both a record.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
31-12
Financial
Weakest financial yearnet €858 ▼92.1%
Net result drops to €858, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Habay · 1 establishment unit since 2019
Ground area
1,363 m²
Building footprint
329 m²
Volume, LiDAR
1,863 m³
2 parcels, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Luxembourg,Léglise 59, 6860 Léglise
since 20192.286.847.551
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85014A1899/00C000 | Wallonia | 969 m² | 1 · 121 m² | 8.8 m · 2 fl. |
| 84033D0112/00N000 | Wallonia | 394 m² | 1 · 208 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,699 companies in sector 86951 we hold annual accounts for 2,146. 1,931 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
Founded27-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
85510Sports and recreation education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0716872659
Registered
03-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.