VITEK
ActiveSummary
VITEK has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€13,424) and a net result of -€42,216. Equity has been shrinking by about 9.1% per year since 2019. Its solvency ranks better than 5% of 3,863 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 08-05-1995 Normal situation
- Activity
- Business and other management consultancy NACE 70200
- Establishment unit
- 2.072.855.752 3000 Leuven, since 31-08-1995
- Financial year end
- 30 September
- Peppol
- Reachable since 26-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
- Turnover
- €17,665
- ▼ 70.2%
- Loss
- €42,216
- ▲ 41.5%
- Equity
- -€13,424
- Total assets
- €45,623
- ▼ 18.1%
- Negative equity on 30-09-2025
Score breakdownraises riskCapped at 59: negative equityLoss of €42,216, the second in a row (financial year 2025)Negative equity -€13,424lowers riskSize: turnover €17,665, total assets €45,623Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 3% of them on solvency, 2% on liquidity, 4% on profitability and 4% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 21-04-2026 PDF all 29 filings
Every figure per financial year
The operating result for 2025 is a loss of €42,132, larger than the loss of €30,372 in 2024. It is the lowest result since 2021.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €13,778 | €6,170 | €5,760 | - | - |
| Depreciation and write-downs of the year | €7,489 | €7,611 | €8,915 | €6,516 | €5,626 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · €308 awarded · €308 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €122 | €239 |
| 2024 | 1 | €117 | €0 |
| 2022 | 1 | €69 | €69 |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €174,530 | €173,258 | €186,928 | €186,498 | €291,172 | €59,216 | €17,665 | ▼ 70.2% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €183,224 | €177,933 | €285,327 | €95,881 | €66,730 | ▼ 30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,808 | €7,059 | €7,489 | €7,611 | €8,915 | €6,516 | €5,626 | ▼ 13.7% |
| Other operating charges640/8 | - | - | €470 | €513 | €1,853 | €634 | €586 | ▼ 7.5% |
| Gross operating margin9900 | -€4,440 | €12,622 | €11,441 | €10,244 | €10,592 | -€23,223 | -€35,920 | ▼ 54.7% |
| Operating profit (loss)9901 | -€12,205 | €2,695 | €3,482 | €2,120 | -€175 | -€30,372 | -€42,132 | ▼ 38.7% |
| Financial income75/76B | - | - | €692 | €618 | €886 | €729 | - | - |
| Recurring financial income75 | €233 | €375 | €692 | €618 | €886 | €729 | - | - |
| Financial charges65/66B | - | - | €208 | €83 | €94 | €85 | €84 | ▼ 0.6% |
| Recurring financial charges65 | €68 | €70 | €208 | €83 | €94 | €85 | €84 | ▼ 0.6% |
| Profit (loss) for the period before taxes9903 | -€12,041 | €2,999 | €3,966 | €2,655 | €616 | -€29,728 | -€42,216 | ▼ 42.0% |
| Income taxes67/77 | - | - | €2,282 | €2,437 | €1,958 | €115 | - | - |
| Profit (loss) for the period9904 | -€12,041 | €2,999 | €1,684 | €218 | -€1,342 | -€29,842 | -€42,216 | ▼ 41.5% |
| Profit (loss) for the period to be appropriated9905 | -€12,041 | €2,999 | €1,684 | €218 | -€1,342 | -€29,842 | -€42,216 | ▼ 41.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €57,748 | €75,317 | €105,725 | €99,312 | €205,516 | €55,690 | €45,623 | ▼ 18.1% |
| Fixed assets21/28 | €28,147 | €23,484 | €29,773 | €28,332 | €25,177 | €18,661 | €13,035 | ▼ 30.1% |
| Tangible fixed assets22/27 | €28,147 | €23,484 | €29,773 | €28,332 | €25,177 | €18,661 | €13,035 | ▼ 30.1% |
| Land and buildings22 | - | - | €26,357 | €20,216 | €14,075 | €10,781 | €8,376 | ▼ 22.3% |
| Plant, machinery and equipment23 | - | - | €3,416 | €8,116 | €7,710 | €5,742 | €3,774 | ▼ 34.3% |
| Furniture and vehicles24 | - | - | - | - | €3,391 | €2,138 | €885 | ▼ 58.6% |
| Current assets29/58 | €29,601 | €51,833 | €75,952 | €70,980 | €180,340 | €37,029 | €32,588 | ▼ 12.0% |
| Stocks and contracts in progress3 | - | - | - | - | - | €8,252 | €15,475 | ▲ 87.5% |
| Stocks30/36 | - | - | - | - | - | €8,252 | €15,475 | ▲ 87.5% |
| Amounts receivable within one year40/41 | €25,084 | €28,508 | €34,188 | €34,822 | €36,323 | €21,840 | €16,546 | ▼ 24.2% |
| Trade receivables40 | - | - | €20,666 | €22,175 | €16,446 | €3,034 | €15,739 | ▲ 419% |
| Other amounts receivable41 | - | - | €13,522 | €12,647 | €19,877 | €18,806 | €808 | ▼ 95.7% |
| Cash at bank and in hand54/58 | €4,317 | €23,324 | €41,764 | €36,158 | €144,016 | €6,938 | €567 | ▼ 91.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €57,748 | €75,317 | €105,725 | €99,312 | €205,516 | €55,690 | €45,623 | ▼ 18.1% |
| Equity10/15 | €55,075 | €58,074 | €59,758 | €59,976 | €58,634 | €28,792 | -€13,424 | - |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | - | - | - | - |
| Capital10 | - | - | €18,550 | - | - | - | - | - |
| Issued capital100 | - | - | €18,550 | - | - | - | - | - |
| Reserves13 | €31,463 | €31,463 | €31,463 | €31,463 | €50,013 | €50,013 | €50,013 | = |
| Non-distributable reserves130/1 | - | - | €1,855 | €1,855 | - | - | - | - |
| Legal reserve130 | - | - | €1,855 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,855 | - | - | - | - |
| Distributable reserves133 | - | - | €29,608 | €29,608 | €50,013 | €50,013 | €50,013 | = |
| Profit (loss) carried forward14 | €5,062 | €8,061 | €9,745 | €9,963 | €8,621 | -€21,221 | -€63,438 | ▼ 199% |
| Amounts payable17/49 | €2,673 | €17,243 | €45,967 | €39,336 | €146,882 | €26,898 | €59,047 | ▲ 120% |
| Amounts payable within one year42/48 | €2,673 | €17,243 | €45,967 | €39,336 | €146,882 | €26,898 | €59,047 | ▲ 120% |
| Trade debts44 | €2,390 | €15,673 | €36,627 | €34,617 | €142,755 | €26,898 | €29,272 | ▲ 8.8% |
| Suppliers440/4 | - | - | €36,627 | €34,617 | €142,755 | €26,898 | €29,272 | ▲ 8.8% |
| Taxes, remuneration and social security45 | - | - | €9,340 | €4,718 | €4,127 | - | €492 | - |
| Taxes450/3 | - | - | €9,340 | €4,718 | €4,127 | - | €492 | - |
| Other amounts payable47/48 | - | - | - | - | - | - | €29,284 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,041 | €2,999 | €1,684 | €218 | -€1,342 | -€29,842 | -€42,216 | ▼ 41.5% |
| + Depreciation and write-downs630 | €6,808 | €7,059 | €7,489 | €7,611 | €8,915 | €6,516 | €5,626 | ▼ 13.7% |
| Operating cash flow (approximation) | -€5,232 | €10,058 | €9,174 | €7,829 | €7,573 | -€23,327 | -€36,590 | ▼ 56.9% |
| Investment in fixed assets (approximation) | - | -€2,396 | -€13,778 | -€6,170 | -€5,760 | €0 | €0 | - |
| Change in cash | - | €19,008 | €18,440 | -€5,607 | €107,859 | -€137,079 | -€6,371 | ▲ 95.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,619 companies had the same profile as VITEK has now. Two years later, 84.5% were still going and 4.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VITEK itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 6,619 companies, not a prediction for VITEK. 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.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | full format | 21-04-2026 | 2026-00083523 | |
| 30-09-2024 | full format | 25-04-2025 | 2025-00075530 | |
| 30-09-2023 | full format | 25-04-2024 | 2024-00068612 | |
| 30-09-2022 | full format | 25-04-2023 | 2023-00064799 | |
| 30-09-2021 | full format | 11-05-2022 | 2022-20024382 | |
| 30-09-2020 | full format | 20-04-2021 | 2021-10800411 | |
| 30-09-2019 | full format | 01-04-2020 | 2020-08100282 | |
| 30-09-2018 | full format | 04-04-2019 | 2019-09000487 | |
| 30-09-2017 | full format | 06-04-2018 | 2018-09100166 | |
| 30-09-2016 | full format | 30-03-2017 | 2017-07600304 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 19-01-2023 Converted to unavailable equity · €20,405
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Lieven De Smedt |
|
| MARTENS Marc August Clement |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager en helft koper(s) naar evenredigheid verworven aantal bij meerdere kopers, elke overdracht onder levenden ten bezwarende of…”
Articles of association, deed of 19-01-2023 (in Dutch)
Network & group
VITEK shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of VITEK. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
19-01
Gazette deed
2 directors resigning, 1 reappointedResignations: Lieven De Smedt (manager) and MARTENS Marc August Clement (manager) · Reappointment: Lieven De Smedt (niet statutair bestuurder) · Capital conversion12 points ▸
- General meeting, 05-01-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, statuten aanpassen en rechtsvorm besloten vennootschap(BV)behouden” (deed in Dutch)
- Other provision, “in aansluiting bij eerste besluit, aanneming WVV-rechtsvorm die dichtst aansluit” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles
- Capital
- Director resignation, Lieven De Smedt (manager)
- Director resignation, MARTENS Marc August Clement (manager)
- Director reappointment, Lieven De Smedt (niet statutair bestuurder)
- Other provision, “kwijting ontslagnemende zaakvoerders, volgende jaarvergadering beslist over kwijting voor uitoefening mandaat” (deed in Dutch)
- Registered office clause, “3360 Bierbeek,Varenbergstraat 1” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
7 activities
- Het kopen,verkopen,invoeren,uitvoeren,produceren,vervaardigen en herstellen van speelgoed,siervoorwerpen,meubels,huishoudartikelen,kledingstukken en schoenen,evenals elle activiteiten die hiermee rechtstreeks of onrechtstreeks verband houden.
- Het verstrekken van advies en het verlenen van diensten op het vlak van bedrijfsmanagement,zoals ondermeer sales management,marketing management,human resources management,information management,financial management,operation management,project management,front- en backoffice management,general management,enzovoort.Deze opsomming is niet exhaustief.
- Het verstrekken van opleiding,technische expertise en het verlenen van bijstand op voornoemde gebieden.
- Uitsluitend in eigen naam en voor eigen rekening:het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;elke verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals aan- en verkoop,bouw,verbouwing,binnenhuisinrichting en decoratie,huur- en verhuur,ruil,verkaveling en in het algemeen alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op beheer of productief maken van onroerende goederen of rechten,doch met uitsluiting van activiteiten van erkende vastgoedmakelaar;
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,zoals aan- en verkoop,huur- en verhuur,ruil,in het bijzonder beheer en valorisatie van verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen.Deze opsomming is niet limitatief en termen vermogensbeheer of advies zijn andere activiteiten dan bedoeld door wet van 1995-04-06 inzake secundaire markten,statuut en toezicht beleggingsondernemingen,bemiddelaars en beleggingsadviseurs.
- Deelnemen,participeren of tussenkomen in andere ondernemingen of vennootschappen of aan deze toestaan tussen te komen,deel te nemen of te participeren in haar bedrijf,wanneer deze een identiek,analoog,gelijkaardig of aanverwant doel hebben dan wel ontwikkeling bevorderen;mandaten bekleden in andere vennootschappen;zich borgstellen voor derden,aval verlenen,voorschotten toestaan,kredieten verlenen,hypothecaire en andere zekerheden verschaffen.
- Zich onledig houden met elle operaties van commerciële,industriële,financiële,roerende of onroerende aard,alsmede verrichtingen op commissieloon,welke hetzij direct hetzij indirect verband houden met maatschappelijk doel.Aanwijzend en niet beperkend.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24065A0105/00G000 | Flanders | 3,432 m² | 1 · 223 m² | 9.1 m · 2 |