VITAM

Active

Private limited companyfounded 199036 yrs activeLouizalaan 231, 1050 Elsene, BelgiumKBO/BCE: BE 0441.383.355

Summary

VITAM has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €204k and a net result of €716k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 28% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Risk analysis Watch Report Compare

VITAMActiveChecked score 73/100

Risk analysis Report Compare

Checked score

Score 2025

73 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency49▲+19

Growth64▼-11

Track record100

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €14k at 30 days acceptable

Liquidity tight (current ratio 1.32 against 1.05 in 2024; short-term debt: 75.7% and cash: 95% of total assets), and 75.7% of the assets are financed with debt.

Credit check for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

24.3%

Return on assets

85.3%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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 · 10 filings

Deviation from the deadline

2025

12 d late

2024

29 d late

2023

on the day

2022

26 d late

2021

31 d late

2020

27 d late

2019

39 d late

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

25-09-2026 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

Financials · fiscal year 2025, micro schema

Turnover

€1.49M▼ 23.7%

2024 · €1.96M

2021: €1.44Mlowest in 5 years 2022: €1.61M▲ +12.3% vs 2021 2023: €1.74M▲ +7.7% vs 2022 2024: €1.96M▲ +12.6% vs 2023highest in 5 years 2025: €1.49M▼ -23.7% vs 2024

2021 → 2025

EBIT margin

64.9%▲ 2.2pp

2024 · 62.7%

2021: 64.5% 2022: 76.5%▲ +18.7% vs 2021highest in 5 years 2023: 72.5%▼ -5.2% vs 2022 2024: 62.7%▼ -13.5% vs 2023lowest in 5 years 2025: 64.9%▲ +3.4% vs 2024

2021 → 2025

Net result

€716k▼ 20.6%

2024 · €902k

2018: €339klowest in 8 years 2019: €806k▲ +138% vs 2018 2020: €730k▼ -9.4% vs 2019 2021: €690k▼ -5.5% vs 2020 2022: €908k▲ +31.6% vs 2021 2023: €960k▲ +5.8% vs 2022highest in 8 years 2024: €902k▼ -6.1% vs 2023 2025: €716k▼ -20.6% vs 2024

2018 → 2025

Working capital

€204k▲ 263%

2024 · €56k

2018: €39klowest in 8 years 2019: €50k▲ +28.6% vs 2018 2020: €47k▼ -5.9% vs 2019 2021: €39k▼ -17.4% vs 2020 2022: €53k▲ +35.0% vs 2021 2023: €113k▲ +116% vs 2022 2024: €56k▼ -50.3% vs 2023 2025: €204k▲ +263% vs 2024highest in 8 years

2018 → 2025

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€1.44M-€1.61M▲ 12.3%€1.74M▲ 7.7%€1.96M▲ 12.6%€1.49M▼ 23.7% 2021: €1.44Mlowest in 5 years 2022: €1.61M▲ +12.3% vs 2021 2023: €1.74M▲ +7.7% vs 2022 2024: €1.96M▲ +12.6% vs 2023highest in 5 years 2025: €1.49M▼ -23.7% vs 2024

Equity€46k-€54k▲ 17.3%€114k▲ 113%€58k▼ 49.2%€204k▲ 253% 2021: €46klowest in 5 years 2022: €54k▲ +17.3% vs 2021 2023: €114k▲ +113% vs 2022 2024: €58k▼ -49.2% vs 2023 2025: €204k▲ +253% vs 2024highest in 5 years

Operating result€925k-€1.23M▲ 33.3%€1.26M▲ 2.1%€1.23M▼ 2.6%€967k▼ 21.1% 2021: €925klowest in 5 years 2022: €1.23M▲ +33.3% vs 2021 2023: €1.26M▲ +2.1% vs 2022highest in 5 years 2024: €1.23M▼ -2.6% vs 2023 2025: €967k▼ -21.1% vs 2024

Net result€690k-€908k▲ 31.6%€960k▲ 5.8%€902k▼ 6.1%€716k▼ 20.6% 2021: €690klowest in 5 years 2022: €908k▲ +31.6% vs 2021 2023: €960k▲ +5.8% vs 2022highest in 5 years 2024: €902k▼ -6.1% vs 2023 2025: €716k▼ -20.6% vs 2024

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 21% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €840k

24.3%

75.7%

Equity €204k ▲ 253%

Debt €635k ▼ 40.9%

Debt's share of the balance-sheet total falls from 94.9% to 75.7%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€969k▼

2024 · €1.23M

Cash flow

€718k▼

2024 · €904k

Current ratio

1.32▲

2024 · 1.05

Debt to equity

3.11▼

2024 · 18.55

ROE

350.6%

ROA

85.3%▲

2024 · 79.6%

Interest coverage

860.04▼

2024 · 2071.69

Debt ≤ 1 year

€635k▼

2024 · €1.07M

Income taxes

€250k▼

2024 · €324k

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

As filed By statement

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

Balance sheet Code20242025

Assets

Total assets20/58€1.13M€840k▼

Fixed assets21/28€2k€0▼

Tangible fixed assets22/27€2k€0▼

Plant, machinery and equipment23€0€0=

Furniture and vehicles24€2k€0▼

Current assets29/58€1.13M€840k▼

Amounts receivable within one year40/41€0€42k▲

Trade receivables40-€42k

Other amounts receivable41€0-

Cash at bank and in hand54/58€1.13M€798k▼

Deferred charges and accrued income490/1€398-

Equity and liabilities

Total equity and liabilities10/49€1.13M€840k▼

Equity10/15€58k€204k▲

Contributions10/11€10k€10k=

Reserves13€2k€108k▲

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133-€106k

Profit (loss) carried forward14€46k€86k▲

Amounts payable17/49€1.07M€635k▼

Amounts payable within one year42/48€1.07M€635k▼

Trade debts44€77k€21k▼

Suppliers440/4€77k€21k▼

Bills of exchange payable441-€128

Taxes, remuneration and social security45€15k€23k▲

Taxes450/3€15k€23k▲

Remuneration and social security454/9€0€0=

Other amounts payable47/48€983k€591k▼

Income statement Code20242025

Turnover70€1.96M€1.49M▼

Goods, raw materials, services and sundry goods60/61€726k€521k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼

Other operating charges640/8€968€998▲

Gross operating margin9900€1.23M€970k▼

Operating profit (loss)9901€1.23M€967k▼

Financial income75/76B€478€11▼

Recurring financial income75€478€11▼

Financial charges65/66B€593€1k▲

Recurring financial charges65€593€1k▲

Profit (loss) for the period before taxes9903€1.23M€966k▼

Income taxes67/77€324k€250k▼

Profit (loss) for the period9904€902k€716k▼

Profit (loss) for the period to be appropriated9905€902k€716k▼

Appropriation of the result

Profit (loss) to be appropriated9906€1.00M€762k▼

Profit (loss) brought forward from the previous period14P€102k€46k▼

Transfer to equity691/2-€106k

To the legal reserve6920-€106k

Profit to be distributed694/7€958k€570k▼

Return on contributions (dividend)694€958k€570k▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2021	2022	2023	2024	2025	Change
Turnover70	€1.44M	€1.61M	€1.74M	€1.96M	€1.49M	▼ 23.7%
Goods, raw materials, services and sundry goods60/61	€508k	€376k	€475k	€726k	€521k	▼ 28.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€2k	€2k	€2k	€2k	€2k	▼ 3.6%
Other operating charges640/8	€868	€884	€960	€968	€998	▲ 3.2%
Gross operating margin9900	€928k	€1.24M	€1.26M	€1.23M	€970k	▼ 21.1%
Operating profit (loss)9901	€925k	€1.23M	€1.26M	€1.23M	€967k	▼ 21.1%
Financial income75/76B	€52	€0	€3	€478	€11	▼ 97.6%
Recurring financial income75	€52	€0	€3	€478	€11	▼ 97.6%
Non-recurring financial income76B	-	-	€3	-	-	-
Financial charges65/66B	€1k	€2k	€463	€593	€1k	▲ 90.1%
Recurring financial charges65	€1k	€2k	€463	€593	€1k	▲ 90.1%
Profit (loss) for the period before taxes9903	€924k	€1.23M	€1.26M	€1.23M	€966k	▼ 21.2%
Income taxes67/77	€234k	€324k	€298k	€324k	€250k	▼ 22.9%
Profit (loss) for the period9904	€690k	€908k	€960k	€902k	€716k	▼ 20.6%
Profit (loss) for the period to be appropriated9905	€690k	€908k	€960k	€902k	€716k	▼ 20.6%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€884k	€995k	€1.04M	€1.13M	€840k	▼ 25.9%
Fixed assets21/28	€7k	€5k	€3k	€2k	€0	▼ 100%
Tangible fixed assets22/27	€7k	€5k	€3k	€2k	€0	▼ 100%
Plant, machinery and equipment23	€0	€0	€0	€0	€0	-
Furniture and vehicles24	€7k	€5k	€3k	€2k	€0	▼ 100%
Current assets29/58	€878k	€990k	€1.03M	€1.13M	€840k	▼ 25.8%
Amounts receivable within one year40/41	€104k	€49k	€45k	€0	€42k	-
Trade receivables40	€104k	€48k	€41k	-	€42k	-
Other amounts receivable41	€0	€349	€4k	€0	-	-
Cash at bank and in hand54/58	€772k	€941k	€987k	€1.13M	€798k	▼ 29.4%
Deferred charges and accrued income490/1	€1k	€0	€860	€398	-	-
Equity and liabilities
Total equity and liabilities10/49	€884k	€995k	€1.04M	€1.13M	€840k	▼ 25.9%
Equity10/15	€46k	€54k	€114k	€58k	€204k	▲ 253%
Contributions10/11	€10k	€10k	€10k	€10k	€10k	=
Reserves13	€2k	€2k	€2k	€2k	€108k	▲ 5,701%
Non-distributable reserves130/1	€2k	€2k	€2k	€2k	€2k	=
Reserves not available under the articles1311	€2k	€2k	€2k	€2k	€2k	=
Distributable reserves133	-	-	-	-	€106k	-
Profit (loss) carried forward14	€34k	€42k	€102k	€46k	€86k	▲ 88.0%
Amounts payable17/49	€839k	€941k	€922k	€1.07M	€635k	▼ 40.9%
Amounts payable within one year42/48	€839k	€937k	€920k	€1.07M	€635k	▼ 40.9%
Trade debts44	€110k	€0	€0	€77k	€21k	▼ 72.5%
Suppliers440/4	€110k	€0	-	€77k	€21k	▼ 72.7%
Bills of exchange payable441	-	-	-	-	€128	-
Taxes, remuneration and social security45	€30k	€32k	€1k	€15k	€23k	▲ 52.6%
Taxes450/3	€30k	€30k	€1k	€15k	€23k	▲ 52.6%
Remuneration and social security454/9	€0	€2k	€0	€0	€0	-
Other amounts payable47/48	€700k	€905k	€919k	€983k	€591k	▼ 39.8%
Accrued charges and deferred income492/3	-	€4k	€3k	-	-	-

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€690k	€908k	€960k	€902k	€716k	▼ 20.6%
+ Depreciation and write-downs630	€2k	€2k	€2k	€2k	€2k	▼ 3.6%
Operating cash flow (approximation)	€692k	€910k	€962k	€904k	€718k	▼ 20.6%
Investment in fixed assets (approximation)	-	€0	€0	€0	€0	-
Change in cash	-	€169k	€46k	€144k	€-333k	▼ 332%

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

All 13Financial 3Filings 10

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

2026

12-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 12 days late

2025

31-12

Financial Equity above €200kEq €204k ▲253%

8 profitable years in a row build equity to €204k.

29-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 29 days late

2024

31-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Highest result since 2018net €960k ▲5.8%

Operating result €1.26M, net result €960k, both a record.

31-12

Financial Equity above €100kEq €114k ▲113%

6 profitable years in a row build equity to €114k.

26-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 26 days late

2022

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

27-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 27 days late

2020

08-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 39 days late

2019

30-09

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 61 days late

2018

30-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 30 days late

2017

25-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 25 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 5 acts read

About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has 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

5 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, Elsene

exact location from the address register On OpenStreetMap

Ground area

5,672 m²

Building footprint

3,878 m²

Volume, LiDAR

86,391 m³

Parcel 21807G0131/00T000, Brussels · tallest building 45.8 m, ±8 floors. Linked by address, not a title deed.

562 companies at this address See who is registered here

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21807G0131/00T000	Brussels	5,672 m²	1 · 3,878 m²	45.8 m · 8 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.

Similar companies · same sector, comparable size

GOLDFART

BE 0876.702.430

Dendermonde · Eq €204,527

Anderlecht · Eq €204,752

GRAPHISIGN

BE 0445.895.736

Watermaal-Bosvoorde · Eq €203,845

plan b

BE 0894.429.080

Gent · Eq €203,493

Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 2,804 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

Founded20-07-1990

Fiscal year end31-12

Activities, NACEBEL 2025

73110Advertising agencies

Contact

E-mail geoffroy@vitam-sport.be

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