VIM

Active

Public limited companyfounded 199234 yrs activeTwaalfkameren 17, 9000 Gent, BelgiumKBO/BCE: BE 0447.291.843

Summary

VIM has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151,257 and a net result of -€637. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 63% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysis Watch Report Compare

VIMActiveChecked score 64/100

Risk analysis Report Compare

Checked score

Score 2025

64 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability28▼-1

Solvency72▲+16

Growth52=

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €9,000 at 30 days acceptable

Liquidity short (current ratio 0.36 against 0.38 in 2024; short-term debt: 27.7% and cash: 3.9% of total assets), and 53.2% of the assets are financed with debt.

Credit check for your own amount and term

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

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Real estate activities (NACE 68)

about 43% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

60 d early

2024

85 d early

2023

64 d early

2022

69 d early

2021

73 d early

2020

66 d early

2019

59 d early

← 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 68 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 (2)

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 23 May (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

28-09-2026 today31-12-2026 close31-07-2027 deadline

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

History

On 27 April 1992, VIM was incorporated.¹ A capital increase in 2026 brought the capital to EUR 102,667.² The company has filed 34 sets of annual accounts, the latest for fiscal year 2025.³

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Financials · fiscal year 2025, micro schema

Equity

€151,257▲ 64.3%

2024 · €92,077

Total assets

€323,142▲ 8.1%

2024 · €298,963

Net result

-€637

2024 · €749

Working capital

-€57,003▲ 27.5%

2024 · -€78,651

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Operating result€8,174▼ 49.0%€12,863▲ 57.4%€4,098▼ 68.1%€6,924▲ 69.0%€3,440▼ 50.3%

Net result€2,575▼ 67.5%€7,368▲ 186%€100▼ 98.6%€749▲ 647%-€637

Equity€83,860▲ 3.2%€91,228▲ 8.8%€91,328▲ 0.1%€92,077▲ 0.8%€151,257▲ 64.3%

Total assets€281,025▼ 19.1%€290,544▲ 3.4%€297,546▲ 2.4%€298,963▲ 0.5%€323,142▲ 8.1%

Debt€197,165▼ 25.9%€199,317▲ 1.1%€206,217▲ 3.5%€206,886▲ 0.3%€171,885▼ 16.9%

Working capital€104,926▲ 3.6%-€73,050-€71,170▲ 2.6%-€78,651▼ 10.5%-€57,003▲ 27.5%

Solvency29.8%▲ 6.4pp31.4%▲ 1.6pp30.7%▼ 0.7pp30.8%▲ 0.1pp46.8%▲ 16.0pp

Current ratio1.90▲ 0.350.38▼ 1.520.43▲ 0.050.38▼ 0.050.36▼ 0.01

Return on assets (ROA)0.9%▼ 1.4pp2.5%▲ 1.6pp0.0%▼ 2.5pp0.3%▲ 0.2pp-0.2%▼ 0.4pp

above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 50% below 2024 and is the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €323,142

89.9%

10%

Fixed assets €290,592 ▲ 15.7%

Current assets €32,549 ▼ 31.9%

Equity and liabilities €323,142

46.8%

53.2%

Equity €151,257 ▲ 64.3%

Debt €171,885 ▼ 16.9%

Debt's share of the balance-sheet total falls from 69.2% to 53.2%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€6,765▼

2024 · €8,819

Cash flow

€2,689▲

2024 · €2,644

Debt to equity

1.14▼

2024 · 2.25

ROE

-0.4%▼

2024 · 0.8%

Interest coverage

1.17▲

2024 · 1.17

Debt ≤ 1 year

€89,553▼

2024 · €126,454

Debt > 1 year

€80,432=

2024 · €80,432

Income taxes

€0▼

2024 · €274

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines

Balance sheet Code20242025

Assets

Total assets20/58€298,963€323,142▲

Fixed assets21/28€251,160€290,592▲

Tangible fixed assets22/27€32,323€71,755▲

Land and buildings22€32,081€71,755▲

Other tangible fixed assets26€241€0▼

Financial fixed assets28€218,837€218,837=

Current assets29/58€47,803€32,549▼

Amounts receivable within one year40/41€18,169€20,017▲

Trade receivables40€0€263▲

Other amounts receivable41€18,169€19,754▲

Cash at bank and in hand54/58€29,633€12,532▼

Equity and liabilities

Total equity and liabilities10/49€298,963€323,142▲

Equity10/15€92,077€151,257▲

Contributions10/11€76,847€102,667▲

Capital10€76,847€102,667▲

Issued capital100€76,847€102,667▲

Reserves13€1,079€48,582▲

Non-distributable reserves130/1€1,079€6,582▲

Legal reserve130€1,079€6,582▲

Distributable reserves133-€42,000

Profit (loss) carried forward14€14,151€7▼

Amounts payable17/49€206,886€171,885▼

Amounts payable after more than one year17€80,432€80,432=

Financial debts170/4€76,847€76,847=

Other amounts payable178/9€3,585€3,585=

Amounts payable within one year42/48€126,454€89,553▼

Trade debts44€1,706€4,424▲

Suppliers440/4€1,706€4,424▲

Taxes, remuneration and social security45€222€222=

Taxes450/3€222€222=

Other amounts payable47/48€124,525€84,907▼

Accrued charges and deferred income492/3€0€1,900▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,895€3,325▲

Other operating charges640/8€2,542€3,601▲

Gross operating margin9900€11,361€10,367▼

Operating profit (loss)9901€6,924€3,440▼

Financial income75/76B€1,654€1,689▲

Recurring financial income75€1,654€1,689▲

Financial charges65/66B€7,555€5,766▼

Recurring financial charges65€7,555€5,766▼

Profit (loss) for the period before taxes9903€1,023-€637▼

Income taxes67/77€274€0▼

Profit (loss) for the period9904€749-€637▼

Profit (loss) for the period to be appropriated9905€749-€637▼

Appropriation of the result

Profit (loss) to be appropriated9906€14,226€13,514▼

Profit (loss) brought forward from the previous period14P€13,477€14,151▲

Transfer to equity691/2€75€13,507▲

To the legal reserve6920€75€13,507▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€1,093	€1,380	€1,600	€1,895	€3,325	▲ 75.5%
Other operating charges640/8	€1,910	€1,927	€2,440	€2,542	€3,601	▲ 41.7%
Gross operating margin9900	€11,177	€16,170	€8,138	€11,361	€10,367	▼ 8.7%
Operating profit (loss)9901	€8,174	€12,863	€4,098	€6,924	€3,440	▼ 50.3%
Financial income75/76B	€605	€630	€1,062	€1,654	€1,689	▲ 2.1%
Recurring financial income75	€605	€630	€1,062	€1,654	€1,689	▲ 2.1%
Financial charges65/66B	€5,276	€3,454	€5,027	€7,555	€5,766	▼ 23.7%
Recurring financial charges65	€5,276	€3,454	€5,027	€7,555	€5,766	▼ 23.7%
Profit (loss) for the period before taxes9903	€3,503	€10,039	€134	€1,023	-€637	▼ 162%
Income taxes67/77	€928	€2,671	€33	€274	€0	▼ 100%
Profit (loss) for the period9904	€2,575	€7,368	€100	€749	-€637	▼ 185%
Profit (loss) for the period to be appropriated9905	€2,575	€7,368	€100	€749	-€637	▼ 185%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€281,025	€290,544	€297,546	€298,963	€323,142	▲ 8.1%
Fixed assets21/28	€59,771	€245,115	€243,515	€251,160	€290,592	▲ 15.7%
Tangible fixed assets22/27	€22,587	€26,277	€24,677	€32,323	€71,755	▲ 122%
Land and buildings22	€21,622	€25,554	€24,195	€32,081	€71,755	▲ 124%
Other tangible fixed assets26	€965	€723	€482	€241	€0	▼ 100%
Financial fixed assets28	€37,184	€218,837	€218,837	€218,837	€218,837	=
Current assets29/58	€221,254	€45,430	€54,031	€47,803	€32,549	▼ 31.9%
Stocks and contracts in progress3	€181,656	€0	-	-	-	-
Stocks30/36	€181,656	€0	-	-	-	-
Amounts receivable within one year40/41	€15,464	€17,295	€17,042	€18,169	€20,017	▲ 10.2%
Trade receivables40	€220	€1,420	€255	€0	€263	-
Other amounts receivable41	€15,244	€15,874	€16,787	€18,169	€19,754	▲ 8.7%
Cash at bank and in hand54/58	€24,134	€28,135	€36,989	€29,633	€12,532	▼ 57.7%
Equity and liabilities
Total equity and liabilities10/49	€281,025	€290,544	€297,546	€298,963	€323,142	▲ 8.1%
Equity10/15	€83,860	€91,228	€91,328	€92,077	€151,257	▲ 64.3%
Contributions10/11	€76,847	€76,847	€76,847	€76,847	€102,667	▲ 33.6%
Capital10	€76,847	€76,847	€76,847	€76,847	€102,667	▲ 33.6%
Issued capital100	€76,847	€76,847	€76,847	€76,847	€102,667	▲ 33.6%
Reserves13	€258	€994	€1,004	€1,079	€48,582	▲ 4,402%
Non-distributable reserves130/1	€258	€994	€1,004	€1,079	€6,582	▲ 510%
Legal reserve130	€258	€994	€1,004	€1,079	€6,582	▲ 510%
Distributable reserves133	-	-	-	-	€42,000	-
Profit (loss) carried forward14	€6,756	€13,386	€13,477	€14,151	€7	▼ 99.9%
Amounts payable17/49	€197,165	€199,317	€206,217	€206,886	€171,885	▼ 16.9%
Amounts payable after more than one year17	€80,837	€80,837	€80,432	€80,432	€80,432	=
Financial debts170/4	€76,847	€76,847	€76,847	€76,847	€76,847	=
Other amounts payable178/9	€3,990	€3,990	€3,585	€3,585	€3,585	=
Amounts payable within one year42/48	€116,328	€118,480	€125,201	€126,454	€89,553	▼ 29.2%
Trade debts44	€1,597	€1,636	€5,062	€1,706	€4,424	▲ 159%
Suppliers440/4	€1,597	€1,636	€5,062	€1,706	€4,424	▲ 159%
Taxes, remuneration and social security45	€3,802	€3,599	€2,671	€222	€222	=
Taxes450/3	€3,802	€3,599	€2,671	€222	€222	=
Other amounts payable47/48	€110,929	€113,244	€117,468	€124,525	€84,907	▼ 31.8%
Accrued charges and deferred income492/3	-	-	€585	€0	€1,900	-

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€2,575	€7,368	€100	€749	-€637	▼ 185%
+ Depreciation and write-downs630	€1,093	€1,380	€1,600	€1,895	€3,325	▲ 75.5%
Operating cash flow (approximation)	€3,668	€8,748	€1,700	€2,644	€2,689	▲ 1.7%
Investment in fixed assets (approximation)	-	-€186,724	€0	-€9,540	-€42,757	▼ 348%
Change in cash	-	€4,001	€8,854	-€7,356	-€17,101	▼ 132%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 14Financial 2Gazette 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

13-07

State Gazette act Reappointments: AVUS, Anne-Sophie Vancaeneghem and Karina Van Lancker

Permanent representative: Philip Vancaeneghem7 facts ▸

General meeting, 02-05-2026
Director reappointment, AVUS (director)
Permanent representative, Philip Vancaeneghem (permanent representative)
Director reappointment, Anne-Sophie Vancaeneghem (director)
Director reappointment, Karina Van Lancker (director)
Board meeting, 02-05-2026
Director reappointment, AVUS (managing director)

01-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

24-02

State Gazette act Capital & shares · Purpose · Statutes amendment · Restructuring

Demerger · Real estate · Capital increase11 facts ▸

General meeting, 05-02-2026
Statutes amendment
Demerger, partial split, 2013
Demerger, partial split, 2956
Real estate, Appartement A/3, Berging A/3, Autostaanplaats G/4 in Residentie Themis III, Ketelpoort 47, 9000 Gent
Capital increase, €25.820,33
Share issue, nominative, 2013
Purpose change, Uitbreiding van het voorwerp ingevolge splitsing
Capital, €102.667,32
Accounting effect, 01-07-2025
Share allocation

2025

31-12

Financial Weakest financial yearnet -€637

Net result drops to -€637, the lowest in the series.

31-12

Financial Equity above €150,000Eq €151,257 ▲64.3%

Equity rises from €92,077 to €151,257.

07-05

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

28-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

23-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

19-05

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

26-05

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

02-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

21-05

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

04-06

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

30-05

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

2 of 8 acts read

About the unread acts

Of the 8 Belgian State Gazette acts we know for this company, 2 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

under verification, last change in 2026

This board is reconstructed from a single act (26089868). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Board 3

Anne-Sophie Vancaeneghem

Director · since 02-05-2026

Current

AVUS

Director · since 02-05-2026 · Public limited company · perm. rep.: Philip Vancaeneghem

Current

Karina Van Lancker

Director · since 02-05-2026

Current

Day-to-day management 1

AVUS

Managing director · since 02-05-2026 · Public limited company · perm. rep.: Philip Vancaeneghem

Current

Permanent representatives 1

Philip Vancaeneghem

Permanent representative · since 02-05-2026 · for AVUS

Current

Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →

Not every act has been read: a resignation may be missing here

6 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Gent · 1 establishment unit since 1992

seat establishment The establishment unit on the map

Ground area

583 m²

Building footprint

219 m²

Volume, LiDAR

1,909 m³

Parcel 44815F1993/00S000, Flanders · tallest building 14.6 m, ±3 floors. Linked by address, not a title deed.

6 companies at this address See who is registered here

1 establishment unit

VIM

Twaalfkameren 17, 9000 GentNACE 70201

since 19922.058.485.795

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44815F1993/00S000	Flanders	583 m²	1 · 219 m²	14.6 m · 3 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.

Mandate history

3 people since 2026, 3 in office

All 3 In office 3

Board
Day-to-day management
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
Anne-Sophie Vancaeneghem	Director, already before 02-05-2026 to date
AVUS	Director, already before 02-05-2026 to date Managing director, already before 02-05-2026 to date
Karina Van Lancker	Director, already before 02-05-2026 to date

See the board, name and seat on a given date →

Articles of association

Purpose

De aan- en verkoop, de exploitatie, de valorisatie, het verkavelen, de urbanisatie, de ruiling en verdeling, het huren en verhuren van alle onroerende gebouwde en ongebouwde…

Full purpose

De aan- en verkoop, de exploitatie, de valorisatie, het verkavelen, de urbanisatie, de ruiling en verdeling, het huren en verhuren van alle onroerende gebouwde en ongebouwde, gemeubileerde en niet-gemeubileerde goederen, alsook het uitvoeren van alle bouw- en verbouwingswerken...

according to the deed of 24-02-2026

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

AVUS

Sourceown accounts 2025
Equity €2.0mResult €87,875

33.5%+ 0% via subsidiaries

According to the 2025 annual accounts of VIM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

3 current directors

Depth

The group is listed under Ownership & control below; here you explore it as a network.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Acquisitions and mergers

1 transaction

Received in a demerger part of:COMMER

partial demerger · State Gazette act of 24-02-2026 · effective 01-07-2025

Capital and shareholders

Capital over the years

24-02-2026 Capital increase of 25,820.33 EUR · to 102,667.32 EUR · 2,013 new shares

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Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. 4,584 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPublic limited company

Founded27-04-1992

Fiscal year end31-12

Activities, NACEBEL 2025

68201Renting and operating of own or leased residential real estate, excluding social housing

E-invoicing

Reachable via Peppol

Peppol ID 0208:0447291843

Also 9925:BE0447291843

Registered 11-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Scores and ratios are computed by Checked and are not a credit decision.

General meetings

1 convocation

General meeting

at the registered office · published 14-05-2009

Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC-1-9-02815/14.05)