@vice
ActiveSummary
@vice has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43.9m and a net result of €6.8m. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 93% of 8711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability43▲+5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
short-term debt: 0.2% and cash: 3.9% of total assets, and 3.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.1%
Return on assets
15%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
29 d late
2023
26 d late
2022
29 d late
2021
30 d late
2020
25 d late
2019
67 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#7 company by equity in Beveren-Kruibeke-Zwijndrecht, Professional and technical services sector#10 company by total assets in Beveren-Kruibeke-Zwijndrecht, Professional and technical services sector
Equity
€43.9m▲ 18.5%
2024 · €37.1m
Total assets
€45.7m▲ 17.9%
2024 · €38.8m
Net result
€6.8m▲ 58.4%
2024 · €4.3m
Working capital
€38.2m▲ 27.0%
2024 · €30.1m
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
Line20212022202320242025
Operating result€62,086▼ 93.8%€252,422▲ 307%€37,233▼ 85.2%€52,806▲ 41.8%€441,424▲ 736%
Net result€8.4m▲ 113%€3.5m▼ 58.6%€2.0m▼ 41.5%€4.3m▲ 112%€6.8m▲ 58.4%
Equity€28.3m▲ 42.2%€31.8m▲ 12.3%€30.5m▼ 4.0%€37.1m▲ 21.5%€43.9m▲ 18.5%
Total assets€28.4m▲ 42.6%€32.6m▲ 14.7%€32.2m▼ 1.2%€38.8m▲ 20.3%€45.7m▲ 17.9%
Debt€140,199▲ 228%€835,540▲ 496%€1.7m▲ 104%€1.7m▲ 0.1%€1.8m▲ 5.0%
Working capital€25.5m▲ 47.9%€29.1m▲ 13.9%€28.6m▼ 1.6%€30.1m▲ 5.1%€38.2m▲ 27.0%
Staff (FTE)0000
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 736% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €45.7m
Fixed assets
€7.3m ▼ 14.5%
Current assets
€38.3m ▲ 27.1%
Equity and liabilities €45.7m
Equity
€43.9m ▲ 18.5%
Debt
€1.8m ▲ 5.0%
Debt's share of the balance-sheet total falls from 4.4% to 3.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€480,792▲
2024 · €82,687
Cash flow
€6.9m▲
2024 · €4.3m
Debt to equity
0.04▼
2024 · 0.05
ROE
15.6%▲
2024 · 11.7%
ROA
15.0%▲
2024 · 11.1%
Interest coverage
0.66▼
2024 · 0.66
Debt ≤ 1 year
€108,742▲
2024 · €69,863
Debt > 1 year
€1.5m▼
2024 · €1.5m
Income taxes
€109,991▼
2024 · €198,191
A ratio outside any meaningful range has been withheld (balance sheet total €45.7m, equity €43.9m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,719 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €132 | €152 | €544 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,855 | €17,960 | €53,973 | €29,880 | €39,367 | ▲ 31.8% |
| Other operating charges640/8 | €3,423 | €3,569 | €4,038 | €5,952 | €5,894 | ▼ 1.0% |
| Gross operating margin9900 | €93,495 | €274,103 | €95,788 | €88,638 | €486,686 | ▲ 449% |
| Operating profit (loss)9901 | €62,086 | €252,422 | €37,233 | €52,806 | €441,424 | ▲ 736% |
| Financial income75/76B | €8.4m | €3.4m | €2.2m | €4.6m | €7.2m | ▲ 57.7% |
| Recurring financial income75 | €8.4m | €3.4m | €2.2m | €4.6m | €7.2m | ▲ 58.1% |
| Non-recurring financial income76B | - | - | - | €12,171 | €0 | ▼ 100% |
| Financial charges65/66B | €19,255 | €23,129 | €103,627 | €124,576 | €728,422 | ▲ 485% |
| Recurring financial charges65 | €15,946 | €23,129 | €103,627 | €124,576 | €728,422 | ▲ 485% |
| Non-recurring financial charges66B | €3,309 | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €8.5m | €3.6m | €2.2m | €4.5m | €6.9m | ▲ 53.9% |
| Income taxes67/77 | €53,032 | €109,190 | €134,135 | €198,191 | €109,991 | ▼ 44.5% |
| Profit (loss) for the period9904 | €8.4m | €3.5m | €2.0m | €4.3m | €6.8m | ▲ 58.4% |
| Transfer from tax-exempt reserves789 | - | €89,000 | €44,500 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €8.4m | €3.6m | €2.1m | €4.3m | €6.8m | ▲ 58.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28.4m | €32.6m | €32.2m | €38.8m | €45.7m | ▲ 17.9% |
| Fixed assets21/28 | €2.8m | €3.5m | €3.5m | €8.6m | €7.3m | ▼ 14.5% |
| Tangible fixed assets22/27 | €73,344 | €818,116 | €780,945 | €3.5m | €3.5m | ▼ 0.9% |
| Land and buildings22 | €6,593 | €760,314 | €728,724 | €3.5m | €3.4m | ▼ 1.0% |
| Plant, machinery and equipment23 | - | - | €2,849 | €2,552 | €2,256 | ▼ 11.6% |
| Furniture and vehicles24 | €31,688 | €22,738 | €14,309 | €12,019 | €17,806 | ▲ 48.2% |
| Other tangible fixed assets26 | €35,063 | €35,063 | €35,063 | €35,063 | €35,063 | = |
| Financial fixed assets28 | €2.7m | €2.7m | €2.7m | €5.1m | €3.9m | ▼ 23.9% |
| Current assets29/58 | €25.7m | €29.1m | €28.7m | €30.2m | €38.3m | ▲ 27.1% |
| Amounts receivable after more than one year29 | €3.4m | €3.4m | €3.3m | €7.5m | €10.1m | ▲ 34.3% |
| Trade receivables290 | €3.4m | €0 | - | - | - | - |
| Other amounts receivable291 | - | €3.4m | €3.3m | €7.5m | €10.1m | ▲ 34.3% |
| Amounts receivable within one year40/41 | €5.0m | €5.6m | €4.8m | €2.2m | €2.2m | ▲ 2.6% |
| Trade receivables40 | €57,802 | €60,525 | €66,820 | €175,830 | €268,821 | ▲ 52.9% |
| Other amounts receivable41 | €5.0m | €5.6m | €4.7m | €2.0m | €2.0m | ▼ 1.9% |
| Current investments50/53 | €2.1m | €2.0m | €18.3m | €19.7m | €24.0m | ▲ 21.4% |
| Cash at bank and in hand54/58 | €15.1m | €18.0m | €2.2m | €667,783 | €1.8m | ▲ 169% |
| Deferred charges and accrued income490/1 | €1,707 | €68,975 | €202,332 | €115,414 | €301,705 | ▲ 161% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28.4m | €32.6m | €32.2m | €38.8m | €45.7m | ▲ 17.9% |
| Equity10/15 | €28.3m | €31.8m | €30.5m | €37.1m | €43.9m | ▲ 18.5% |
| Contributions10/11 | €3.6m | €3.6m | €340,800 | €2.6m | €2.6m | = |
| Reserves13 | €24.7m | €28.1m | €30.2m | €34.5m | €41.4m | ▲ 19.8% |
| Non-distributable reserves130/1 | €363,480 | €363,480 | €0 | - | - | - |
| Reserves not available under the articles1311 | €363,480 | €363,480 | €0 | - | - | - |
| Tax-exempt reserves132 | €133,500 | €44,500 | €0 | - | - | - |
| Distributable reserves133 | €24.2m | €27.7m | €30.2m | €34.5m | €41.4m | ▲ 19.8% |
| Amounts payable17/49 | €140,199 | €835,540 | €1.7m | €1.7m | €1.8m | ▲ 5.0% |
| Amounts payable after more than one year17 | - | €813,315 | €1.6m | €1.5m | €1.5m | ▼ 1.8% |
| Financial debts170/4 | - | €813,315 | €1.6m | €1.5m | €1.5m | ▼ 1.8% |
| Amounts payable within one year42/48 | €140,199 | €13,099 | €59,089 | €69,863 | €108,742 | ▲ 55.6% |
| Financial debts43 | - | €958 | €541 | €192 | €1,240 | ▲ 546% |
| Credit institutions430/8 | - | - | - | €192 | €1,240 | ▲ 546% |
| Other loans439 | - | €958 | €541 | €0 | - | - |
| Trade debts44 | €12,003 | €8,600 | €30,476 | €6,282 | €8,282 | ▲ 31.8% |
| Suppliers440/4 | €12,003 | €8,600 | €30,476 | €6,282 | €8,282 | ▲ 31.8% |
| Advances received on contracts in progress46 | €121,000 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €7,196 | €3,541 | €28,072 | €63,389 | €99,219 | ▲ 56.5% |
| Taxes450/3 | €7,196 | €3,541 | €28,072 | €63,389 | €99,219 | ▲ 56.5% |
| Accrued charges and deferred income492/3 | - | €9,125 | €71,647 | €87,231 | €161,876 | ▲ 85.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8.4m | €3.5m | €2.0m | €4.3m | €6.8m | ▲ 58.4% |
| + Depreciation and write-downs630 | €27,855 | €17,960 | €53,973 | €29,880 | €39,367 | ▲ 31.8% |
| Operating cash flow (approximation) | €8.4m | €3.5m | €2.1m | €4.3m | €6.9m | ▲ 58.2% |
| Investment in fixed assets (approximation) | - | -€761,864 | -€66,802 | -€5.1m | €1.2m | ▲ 124% |
| Change in cash | - | €2.9m | -€15.8m | -€1.5m | €1.1m | ▲ 175% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Liquidity times 12current ratio 2222.18
Current ratio from 183.17 to 2222.18; short-term debt falls from €140,199 to €13,099.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €8.4m ▲113%
Net result €8.4m, the highest in the series.
31-12
Financial
Equity above €25mEq €28.3m ▲42.2%
4 profitable years in a row build equity to €28.3m.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 404.95
Current ratio from 200.10 to 404.95; short-term debt falls from €63,435 to €42,739.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 67 days late
2019
31-12
Financial
Weakest financial yearnet €894,472 ▼11.7%
Net result drops to €894,472, the lowest in the series; recovery starts the following year.
Show earlier events
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2003
Ground area
979 m²
Building footprint
213 m²
Volume, LiDAR
1,302 m³
Parcel 46001B0941/00E000, Flanders · tallest building 13.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Vilain XIIII-laan 65, 9150 Beveren-Kruibeke-Zwijndrecht
since 20032.131.358.729
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46001B0941/00E000 | Flanders | 979 m² | 1 · 213 m² | 13.0 m · 2 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
2022 to 2025 · 4 entries · 2,868 EUR awarded · 3,225 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 147 EUR | 147 EUR |
| 2024 | 1 | 2,414 EUR | 2,414 EUR |
| 2023 | 1 | 0 EUR | 357 EUR |
| 2022 | 1 | 307 EUR | 307 EUR |
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 2,184 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
Founded11-03-1999
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68121Development of residential building projects
68122Development of non-residential building projects
73300Public relations and communication consultancy
74201Photography, excluding press photography
74209Other photographic activities
Scores and ratios are computed by Checked and are not a credit decision.