Skip to content

VICE BELGIUM

Active
Private limited company·Activiteiten van reclamebureaus· 19 yrs active
Koolmijnenkaai 62 ·1080 Sint-Jans-Molenbeek, Belgium
KBO/BCE: BE 0891.078.919
Watch Print / PDF
Age19 yrs
Board2
Staff (FTE)5
Connections4
Real estate1 parcel · 752 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of VICE BELGIUM is 1.4% (low). The 2023 annual accounts show equity of €142k and a net result of €-322k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 218 sector peers (fiscal year 2023). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
1.4% Low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate region +Annual accounts: weaker financial profile +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 218 sector peers (2023).
View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Annual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 377 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-10-2024, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 31-10-2024 92 d late 2024-00527186
31-12-2022 31-07-2023 06-09-2023 37 d late 2023-00440652
31-12-2021 31-07-2022 31-08-2022 31 d late 2022-20393720
31-12-2020 31-07-2021 15-07-2021 16 d early 2021-36700170
31-12-2019 31-07-2020 11-09-2020 42 d late 2020-53300166
31-12-2018 31-07-2019 20-09-2019 51 d late 2019-65100578
31-12-2017 31-07-2018 17-07-2018 14 d early 2018-33800509
31-12-2016 31-07-2017 26-06-2017 35 d early 2017-22200228
31-12-2015 31-07-2016 09-06-2016 52 d early 2016-16600032
31-12-2014 31-07-2015 03-06-2015 58 d early 2015-14700293

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Established
Founded in 2007, 19 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-322k
Working capital€379k-63.0%

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 31-10-2024 with the NBB · fiscal year 2023 · verkort
€-400k€-200k€0€200k€400kOperating result 2019: €292k€292kNet result 2019: €201k€201kOperating result 2020: €-144k€-144kNet result 2020: €85k€85kOperating result 2021: €432k€432kNet result 2021: €327k€327kOperating result 2022: €128k€128kNet result 2022: €31k€31kOperating result 2023: €262k€262kNet result 2023: €-322k€-322k20192020202120222023
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile Too volatile to project: the yearly deviation from the trend is ~63% of the level (threshold 35%). We therefore deliberately show no projection line.
€0€200k€400k2018: €32k2019: €221k2020: €106k2021: €433k2022: €463k2023: €142k201820192020202120222023
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2023 · NACE 73, Advertising & market research · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 7.2% 43.7%
better than 19% of 218 sector peers
Net result €-322k €19k
better than 8% of 217 sector peers
Equity €142k €105k
better than 54% of 218 sector peers
Gross operating margin €657k €79k
better than 86% of 216 sector peers
Staff costs €395k €172k
higher than 71% of 98 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P19
2020: P25 · n=1032021: P29 · n=1272022: P39 · n=1902023: P19 · n=2182020 2023
Stable position over 2020-2023 · n=103-218
Net result P8
2020: P10 · n=1022021: P90 · n=1272022: P56 · n=1892023: P8 · n=2172020 2023
Weakening position over 2020-2023 · n=102-217
Equity P54
2020: P41 · n=1032021: P70 · n=1272022: P76 · n=1902023: P54 · n=2182020 2023
Improving position over 2020-2023 · n=103-218
Gross operating margin P86
2020: P65 · n=1012021: P91 · n=1252022: P85 · n=1882023: P86 · n=2162020 2023
Stable position over 2020-2023 · n=101-216
Describes the position versus peers, not a forecast.
EBITDA
€263k
+100.5% 18-23
Net profit
€-322k
- 18-23
Cash flow
€-321k
- 18-23
Total assets
€1.97M
+19.7% 18-23
Equity
€142k
-69.4% 18-23
Working capital
€379k
-63.0% 18-23
Employees (FTE)
5
-32.4% 18-23
Staff costs
€395k
-26.4% 18-23
Income taxes
€6k
-62.1% 18-23
Debt
€1.83M
+54.6% 18-23
Debt ≤ 1y
€1.58M
+159.9% 18-23
Debt > 1y
€0
-100.0% 18-23
Current ratio
1.24
-53.9% 18-23
Quick ratio
1.24
-53.9% 18-23
Solvency
7.2%
-74.4% 18-23
Debt / equity
12.90
+405.2% 18-23
ROE
-226.8%
- 18-23
ROA
-16.3%
- 18-23
Interest coverage
0.45
-71.3% 18-23
Figures by fiscal year
Fiscal year2023
Depositverkort
Revenue-
EBITDA€263k
Net profit€-322k
Cash flow€-321k
Staff costs€395k
Income taxes€6k
Dividends-
Total assets€1.97M
Equity€142k
Debt€1.83M
of which ≤ 1y€1.58M
of which > 1y€0
Working capital€379k
Employees (FTE)5.0
Ratios (computed)
2023
Current ratio1.24
Quick ratio1.24
Working capital ratio19.3%
Solvency7.2%
Debt / equity12.90
Long-term debt ratio0.00
Interest coverage0.45
Gross margin-
Net margin-
ROA-16.3%
ROE-226.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€1.97M
Fixed assets 21/28€12k
Tangible fixed assets 22/27€0
Financial fixed assets 28€12k
Current assets 29/58€1.96M
Amounts receivable within one year 40/41€1.92M
Cash & bank 54/58€42k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.97M
Equity 10/15€142k
Contributions / capital 10/11€19k
Reserves 13€2k
Accumulated profits (losses) 14€121k
Amounts payable 17/49€1.83M
Amounts payable after one year 17€0
Amounts payable within one year 42/48€1.58M
Trade debts payable within one year 44€960k
Income statement
Gross operating margin 9900€657k
Operating result 9901€262k
Financial income 75€0
Financial charges 65€578k
Result before taxes 9903€-315k
Income taxes 67/77€6k
Net result for the period 9904€-322k
Result to be appropriated 9905€-322k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
27 / 100 Weak
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Directors

Directors & mandates

6 directors
Current directors & mandates
  • Bruce Harrison Dixon
    Director
    State Gazette act 22020425 (14-02-2022)
    Current
    17-01-2022 → present
  • Hozefa Lokhandwala
    Director
    State Gazette act 21012091 (27-01-2021)
    Current
    08-12-2020 → present
Former directors (4)
  • Holger Simon
    Director
    State Gazette act 21012091 (27-01-2021)
    Former
    08-12-2020 → 17-01-2022
    2 events
    • 17-01-2022 Resigned· Director
    • 08-12-2020 Appointed· Director
  • Matthew Christopher Elek
    Manager
    State Gazette act 19016818 (01-02-2019)
    Former
    18-01-2019 → 08-12-2020
    2 events
    • 08-12-2020 Resigned· Director
    • 18-01-2019 Appointed· Manager
  • Sjoerd Raaijmakers
    Manager
    State Gazette act 19016818 (01-02-2019)
    Former
    18-01-2019 → 17-01-2020
    2 events
    • 17-01-2020 Resigned· Director
    • 18-01-2019 Appointed· Manager
  • Thijs Boon
    Manager
    State Gazette act 19016818 (01-02-2019)
    Former
    - → 18-01-2019
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Activiteiten van reclamebureaus(73110)
Legal form Private limited company(610)
Incorporation26-07-2007
StatusActive
Postal code1080

Structure & network

Connections & network

4 connected companies
BOBEX.COM, Shared address BBOBEX.COMFINN, Shared address FFINNGrace K., Shared address GKGrace K.KUNST INHUIS KUNSTUITLEEN, Shared address KIKUNST INHUISKUNSTUITLEENVICE BELGIUM VICE BELGIUM0891.078.919
Shared address / shareholder
Network connections
BOBEX.COM
Shared address
→
FINN
Shared address
→
Grace K.
Shared address
→
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Locations & real estate

Registered office

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Koolmijnenkaai 621080 Sint-Jans-Molenbeek

Establishment units

1 location
VICE BELGIUM
Koolmijnenkaai 62, 1080 Sint-Jans-MolenbeekActiviteiten van reclamebureaus
since 20072.165.422.951
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area752 m²
Buildings1
Building footprint590 m²
Volume (LiDAR)11,122 m³
Tallest building24.3 m · ±7 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21012A0228/00W008 Brussels 752 m² 1 · 590 m² 24.3 m · 7 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

10 acts
Capital history · 1
16-10-2024
v3.2
Address history · 3
04-04-2018
v3.2
02-02-2017
v3.2
21-12-2010
v3.2
All acts · 10 updated 4 months ago
2026
13-04-2026 Act object · General meeting · Officer resignation · Officer appointment Open-capture extraction
  • Filing: 2026-04-03 · VICE BELGIUM
  • Publication: 2026-04-13 · VICE BELGIUM
  • Act object: Ontslag en benoeming bestuurders · VICE BELGIUM
  • General meeting: 2026-02-25 · VICE BELGIUM
  • Officer resignation: date: 2025-06-14, role: bestuurder · Bruce Dixon
  • Officer appointment: role: bestuurder, duration: onbepaalde duur, start_date: 2025-06-14 · Adam Stotsky
  • Mandate compensation: amount: 0, currency: EUR · Adam Stotsky
  • Power of attorney: scope: publicatie van de genomen beslissingen in de Bijlagen bij het Belgisch Staatsblad, onder meer door het ondertekenen en indienen, als bijzonder gevolmachtigde, van de publicatieformulieren I en II en alle handelingen te stellen die nodig of nuttig zijn in dit verband · Kristoffel Vermeersch
  • Power of attorney: scope: publicatie van de genomen beslissingen in de Bijlagen bij het Belgisch Staatsblad, onder meer door het ondertekenen en indienen, als bijzonder gevolmachtigde, van de publicatieformulieren I en II en alle handelingen te stellen die nodig of nuttig zijn in dit verband · Charlotte De Backer
  • Power of attorney: scope: publicatie van de genomen beslissingen in de Bijlagen bij het Belgisch Staatsblad, onder meer door het ondertekenen en indienen, als bijzonder gevolmachtigde, van de publicatieformulieren I en II en alle handelingen te stellen die nodig of nuttig zijn in dit verband · Marie-Judith Vanden Kerchove
  • Power of attorney: scope: publicatie van de genomen beslissingen in de Bijlagen bij het Belgisch Staatsblad, onder meer door het ondertekenen en indienen, als bijzonder gevolmachtigde, van de publicatieformulieren I en II en alle handelingen te stellen die nodig of nuttig zijn in dit verband · Frederik Laevens
  • Power of attorney: scope: publicatie van de genomen beslissingen in de Bijlagen bij het Belgisch Staatsblad, onder meer door het ondertekenen en indienen, als bijzonder gevolmachtigde, van de publicatieformulieren I en II en alle handelingen te stellen die nodig of nuttig zijn in dit verband · MVVP Avocats/Advocaten
Summary: Act object · General meeting · Officer resignation · Officer appointment
2024
16-10-2024 Transaction in capital or shares Capital & shares
Summary: v3.2
09-04-2024 Publication in the Belgian Official Gazette, Minor change Minor change
Summary: Officer designation
2022
14-02-2022 1 director appointed, 1 resigning Director changes
  • Bruce Harrison Dixon, Bestuurder
  • Holger Simon, Bestuurder
Summary: v3.2
2021
27-01-2021 2 directors appointed, 1 resigning Director changes
  • Holger Simon, Bestuurder
  • Hozefa Lokhandwala, Bestuurder
  • Matthew Christopher Elek, Bestuurder
Summary: v3.2
2020
28-02-2020 Sjoerd Raaijmakers resigns as director Director changes
  • Sjoerd Raaijmakers, Bestuurder
Summary: v3.2
2019
01-02-2019 2 directors appointed, 1 resigning Director changes
  • Sjoerd Raaijmakers, Zaakvoerder
  • Matthew Christopher Elek, Zaakvoerder
  • Thijs Boon, Zaakvoerder
Summary: v3.2
2018
04-04-2018 Registered office moved within Brussel Registered-office change
  • Bloemenstraat 32, 1000 Brussel → Koolmijnenkaai 62, 1080 Brussel
Summary: v3.2
2017
02-02-2017 Registered office moved from Antwerpen 1 to Brussel Registered-office change
  • Lamorinierestraat 161, 2018 Antwerpen 1 → Bloemenstraat 32, 1000 Brussel
Summary: v3.2
2010
21-12-2010 Registered office moved from Antwerpen 1 to Antwerpen Registered-office change
  • Klokstraat 12, 2018 Antwerpen 1 → Lamorinièrestraat 161, 2018 Antwerpen
Summary: v3.2

Analysis

Snowflake analysis

financial profile on 5 axes
Health27Profitability0Solvency21Growth52Stability100
40 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 27
Profitability 0
Solvency 21
Growth 52
Stability 100

Ask AI about this company

Checked AI

Soon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.

TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soon

AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 839 of the 9,837 companies in this sector. 571 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Reclamebureaus73110Activiteiten van reclamebureaus73110Publiciteitsagentschappen74401Uitgeverijen van tijdschriften22130Uitgeven van tijdschriften58130Uitgeverijen van tijdschriften58140
Primary activity highlighted.
Names & trade names
Legal nameNL VICE BELGIUM
Registered office
Koolmijnenkaai 62
1080 Sint-Jans-Molenbeek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.