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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 3.2% (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 46/100
Risk analysis ReportCompare

Overview

What they do
Freight transport by road
NACE 49410
1 site
How big
€92,767total assets 2025
Equity
-€378
Profit
€23,353
Turnover not published (abridged schema)
Financially healthy?
46 Fair Checked score 2025
Bankruptcy chance 12 m
3.2%
Who decides
Accounts filed 31 d late0 of 2 deeds read
Why 46- Higher-failure-rate sector- Limited track record- Annual accounts: weaker financial profile- Weak solvency vs sectorFiled after the deadlineShow the evidence

Checked score

Score 2025
46 / 100
Fair
Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+43
Solvency25▲+25
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
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.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-0.4%
Return on assets
25.2%
Age of the figures
9 mo
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

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