Equity
€168,053 ▲ 2.6%
VSF.COMPANY has made a profit without a break since 2019.
VSF.COMPANY
Lifetime
9 annual accounts with figures on one time axispeak €116,023 (2023)
€5,352▼ 13.9%
lowest -€6,382 (2017)
€4,336▲ 87.5%
peak €168,053 (2025)
€168,053▲ 2.6%
€46,628▲ 86.5%
Board1 name since 2021
1 directorDOYEN Sébastien
Documentsfilings and deeds
14-10-202675 days late
2025micro format
Gross margin from €6,219 to €5,352Result from €2,312 to €4,336Debts from €25,007 to €46,628Cash from €10,842 to €16,673
Key points
from the 2025 annual accountsFilings
9 annual accounts 75 days
Latest accounts filed late: after the legal deadline.
At the same address
121 companies
Checked score
82
Excellent
Financially stronger than 49% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,933 companies (NACE 62, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025lowest value
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.8%▲ +0.4 percentage points vs 07-2025
09-2025: 1.1%▲ +0.3 percentage points vs 08-2025
10-2025: 1.9%▲ +0.8 percentage points vs 09-2025
11-2025: 1.2%▼ -0.7 percentage points vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.1%▼ -0.1 percentage points vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 1.7%▲ +0.6 percentage points vs 07-2026
09-2026: 2.2%▲ +0.5 percentage points vs 08-2026highest value
10-2026: 0.5%▼ -1.7 percentage points vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 75 days late; 3 of the last 3 accounts late
Size: total assets €214,681
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Equity €168,053 (78.3% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 85% of them on solvency, 33% on liquidity, 30% on profitability and 47% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,047 companies had the same profile as VSF.COMPANY has now. Each dot stands for 13 companies, two years later.
94.0%
were still trading
3.8%
stopped another way
2.2%
went bankrupt
That fits the bankruptcy probability of VSF.COMPANY itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,047 companies, not a prediction for VSF.COMPANY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.19 (6.66 in 2024), above the usual 1.5. Short-term debt is 21.7% and cash 7.8% of total assets. 21.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 75 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-10-2026, 75 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filingsDeviation from the deadline
2025
75 days late
2024
61 days late
2023
69 days late
2022
31 days late
2021
31 days late
2020
87 days late
2019
67 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 60 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0674738532
Registered office moved from Charleroi to Ottignies-Louvain-la-Neuve
New registered office: Chemin du Cyclotron 6 1348 Ottignies-Louvain-la-Neuve · Previous registered office: Quai Verlaine 2 Boîte 2 à 6000 Charleroi · Board meeting of 03-10-2024 · Gazette deed
New establishment in Ottignies-Louvain-la-Neuve
Chemin du Cyclotron 6
Company renamed to VSF.COMPANY
New name: VSF.COMPANY · Reappointment: DOYEN Sébastien (director) · “Le développement et commercialisation de programmes informatiques; Le conseil et la consultance dans le…” (deed in French) · General meeting of 29-10-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VSF.COMPANY Ottignies-Louvain-la-Neuve | €214,681 | €5,352 | 78.3% | - |
| IT ANYWHERE CONSULTANCY SERVICES Zaventem | €228,526 | €5,159 | 16.4% | - |
| ACROBEL Aalst | €253,815 | €6,770 | 66.7% | - |
| CREACORE Liège | €249,127 | €6,279 | 21.5% | - |
| pathw.ai Ghent | €241,748 | €4,816 | 1.5% | - |
| STORMVALK Antwerp | €152,989 | €6,830 | -39.8% | - |
| TILTED PHOQUES Woluwe-Saint-Lambert | €173,342 | €4,522 | 89.5% | - |
These companies have the same main activity as VSF.COMPANY: computer programming (NACE 62100). They are comparable in size and age: total assets between €153,000 and €254,000, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 21-04-2017Normal situation
- Registered office
- 122 active companies are registered at this address9 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Computer programmingNACE 62100and 1 other
- Establishment units
- 2.264.032.2603080 Tervuren, since 21-04-2017
- 2.365.071.8161348 Ottignies-Louvain-la-Neuve, since 01-06-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Insights on VSF.COMPANY
VSF.COMPANY files the micro format. That format states no turnover. The gross margin rose from -€4,937 in 2017 to €5,352 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VSF.COMPANY
- What is the company number of VSF.COMPANY?
- The company number of VSF.COMPANY is 0674.738.532. The VAT number is the same number with BE in front: BE 0674.738.532.
- Where is VSF.COMPANY based?
- The registered office is at Chemin du Cyclotron 6, 1348 Ottignies-Louvain-la-Neuve.Company details
- What does VSF.COMPANY do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of VSF.COMPANY?
- VSF.COMPANY is a private limited company (BV).
- When was VSF.COMPANY founded?
- VSF.COMPANY was founded on 21-04-2017.
- Is VSF.COMPANY still active?
- Yes, VSF.COMPANY is an active enterprise in the KBO register.
- What is the turnover of VSF.COMPANY?
- The turnover in financial year 2025 is ≈ €29,000. This figure is estimated from the gross margin of €5,352 and 53 comparable companies (NACE 62100). It probably lies between €15,000 and €56,000. It is a rough estimate.Financials
- Is VSF.COMPANY profitable?
- In financial year 2025, VSF.COMPANY made a profit of €4,336.
- Where can I find the annual accounts of VSF.COMPANY?
- VSF.COMPANY filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VSF.COMPANY due?
- VSF.COMPANY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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