Skip to content

VHSM

Active
Private limited companyfounded 20206 yrs activeMoerstraat 58, 8560 Wevelgem, BelgiumKBO/BCE: BE 0750.543.933
Summary

The computed 12-month bankruptcy probability of VHSM is 3.8% (moderate). The 2025 annual accounts show negative equity (-€378) and a net result of €23,353. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 5080 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
VHSMActiveChecked score 50/100
Risk analysis ReportCompare

Overview

Activity
Freight transport by road
NACE 49410
1 site
Size
€92,767total assets 2025
Equity
-€378
Profit
€23,353
Turnover not published (abridged schema)
Financial health
50 Fair Checked score 2025
Bankruptcy chance 12 m
3.8%
Structure
Accounts filed 31 d late0 of 2 deeds read
Why 50- Sector Land transport and transport via pipelines (NACE 49)- Latest accounts 31 days late; 2 of the last 3 late- Founded in 2020+ Size: total assets €92,767Show the evidence

Checked score

Score 2025
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 52% of its sector peers (NACE 49, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 25+25
equity -0.4% of total assets
Liquidity 14-7
short-term debt 82.5% · cash 7.6%
Profitability 100+43
return on assets 25.2%
Bankruptcy probability, 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 2.0% (8,980 companies)
Last 17 months 06-2025: 7.9% 07-2025: 7.8%▼ -0.6% vs 06-2025 08-2025: 8.6%▲ +10.0% vs 07-2025highest value 09-2025: 5.9%▼ -31.1% vs 08-2025 10-2025: 6.0%▲ +1.4% vs 09-2025 11-2025: 6.2%▲ +2.8% vs 10-2025 12-2025: 6.2%● 0.0% vs 11-2025 01-2026: 6.2%● 0.0% vs 12-2025 02-2026: 6.2%▲ +0.8% vs 01-2026 03-2026: 6.1%▼ -2.6% vs 02-2026 04-2026: 6.1%▲ +1.4% vs 03-2026 05-2026: 4.1%▼ -32.7% vs 04-2026 06-2026: 4.2%▲ +0.4% vs 05-2026 07-2026: 4.2%▲ +1.9% vs 06-2026 08-2026: 4.9%▲ +16.2% vs 07-2026 09-2026: 4.4%▼ -10.5% vs 08-2026 10-2026: 3.8%▼ -14.2% vs 09-2026lowest value
  • Sector Land transport and transport via pipelines (NACE 49) raises the probability
  • Latest accounts 31 days late; 2 of the last 3 late raises the probability
  • Founded in 2020 raises the probability for this profile
  • Size: total assets €92,767 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.26 against 0.29 in 2024; short-term debt: 82.5% and cash: 7.6% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 49, micro). Better than this share of them on solvency 14%, liquidity 12%, profitability 94%, growth against the median 89%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Sector Land transport and transport via pipelines (NACE 49)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Latest accounts 31 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Founded in 2020
In the bankruptcy model this factor raises the probability for this profile.
KBO
lowers risk · Size: total assets €92,767
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 5080 sector peers (2025).
NBB · sector comparison
Position among 5080 sector peers
Solvency
better than 15%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filings
Deviation from the deadline
2025
31 d late
2024
25 d late
2023
36 d late
2022
32 d late
2021
16 d late
2020
85 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 38 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Back to profitnet €23,353
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€378 View
  • Caution: Among the weakest 15% on equitysector median €34,937 · 5,090 companies -€378 View
  • Total assets 20256 fiscal years filed €92,767 View

By topic

Financials

Fiscal year
2025
Total assets
€92,767
Profit
€23,353
Solvency
-0.4%
Total assets▲ 64.5%
Net result
20202025
Go to Financials

Timeline

Events
10
Since
2021
Next accounts
by 31-07-2027
  1. 31-08-2026Annual accounts filed
  2. 31-12-2025Back to profit
  3. 25-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Freight transport by roadNACE 49410
Founded
10-07-2020
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure