VITHE
ActiveSummary
VITHE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.54M and a net result of €294k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 63% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-24
Solvency94▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290k at 30 days acceptable
Liquidity short (current ratio 0.59 against 0.41 in 2024; short-term debt: 30.1% and cash: 11% of total assets), and 31.2% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.8%
Return on assets
5.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
16 d early
2023
47 d early
2022
20 d early
2021
54 d early
2020
30 d late
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3.54M▲ 6.0%
2024 · €3.34M
2018: €1.13M
2019: €2.01M
2020: €2.11M
2021: €1.97M
2022: €2.05M
2023: €1.96M
2024: €3.34M
2018 → 2025
Total assets
€5.15M▲ 5.3%
2024 · €4.89M
2018: €1.33M
2019: €2.18M
2020: €2.22M
2021: €2.22M
2022: €2.51M
2023: €2.54M
2024: €4.89M
2018 → 2025
Net result
€294k▼ 87.0%
2024 · €2.27M
2018: €364k
2019: €888k
2020: €93k
2021: €109k
2022: €248k
2023: €276k
2024: €2.27M
2018 → 2025
Working capital
€-630k▲ 29.3%
2024 · €-892k
2018: €-66k
2019: €12k
2020: €116k
2021: €70k
2022: €194k
2023: €23k
2024: €-892k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.97M-€2.05M▲ 4.1%€1.96M▼ 4.3%€3.34M▲ 70.2%€3.54M▲ 6.0%
Operating result€170k-€376k▲ 121%€415k▲ 10.5%€358k▼ 13.8%€494k▲ 37.9%
Net result€109k-€248k▲ 126%€276k▲ 11.5%€2.27M▲ 720%€294k▼ 87.0%
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 recovers in 2025; 2025 is 38% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.15M
Fixed assets
€4.23M ▼ 0.6%
Current assets
€920k ▲ 45.7%
Equity and liabilities €5.15M
Equity
€3.54M ▲ 6.0%
Debt
€1.61M ▲ 3.9%
Debt's share of the balance-sheet total falls from 31.6% to 31.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€521k▲
2024 · €380k
Cash flow
€322k▼
2024 · €2.29M
Current ratio
0.59▲
2024 · 0.41
Debt to equity
0.45▼
2024 · 0.46
ROE
8.3%▼
2024 · 67.8%
ROA
5.7%▼
2024 · 46.3%
Interest coverage
8.78▼
2024 · 14.23
Debt ≤ 1 year
€1.55M▲
2024 · €1.52M
Income taxes
€147k▼
2024 · €318k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.89M€5.15M▲
Fixed assets21/28€4.26M€4.23M▼
Tangible fixed assets22/27€93k€66k▼
Land and buildings22€6k€845▼
Furniture and vehicles24€75k€57k▼
Other tangible fixed assets26€12k€9k▼
Financial fixed assets28€4.16M€4.16M=
Current assets29/58€632k€920k▲
Amounts receivable after more than one year29€50k€0▼
Trade receivables290€0-
Other amounts receivable291€50k€0▼
Amounts receivable within one year40/41€185k€346k▲
Trade receivables40€61k€91k▲
Other amounts receivable41€124k€255k▲
Current investments50/53€150k€0▼
Cash at bank and in hand54/58€235k€566k▲
Deferred charges and accrued income490/1€12k€9k▼
Equity and liabilities
Total equity and liabilities10/49€4.89M€5.15M▲
Equity10/15€3.34M€3.54M▲
Contributions10/11€25k€25k=
Reserves13€3.32M€3.52M▲
Distributable reserves133€3.32M€3.52M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.55M€1.61M▲
Amounts payable within one year42/48€1.52M€1.55M▲
Financial debts43€4k€795▼
Credit institutions430/8€0-
Other loans439€4k€795▼
Trade debts44€4k€8k▲
Suppliers440/4€4k€8k▲
Taxes, remuneration and social security45€244k€269k▲
Taxes450/3€242k€267k▲
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€1.27M€1.27M=
Accrued charges and deferred income492/3€24k€57k▲
Income statement
Code20242025
Non-recurring operating income76A€16k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€27k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€384k€524k▲
Operating profit (loss)9901€358k€494k▲
Financial income75/76B€2.55M€7k▼
Recurring financial income75€2.55M€7k▼
Financial charges65/66B€327k€59k▼
Recurring financial charges65€27k€59k▲
Non-recurring financial charges66B€300k€0▼
Profit (loss) for the period before taxes9903€2.58M€442k▼
Income taxes67/77€318k€147k▼
Profit (loss) for the period9904€2.27M€294k▼
Profit (loss) for the period to be appropriated9905€2.27M€294k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.27M€294k▼
Transfer from equity791/2€888k€93k▼
Transfer to equity691/2€2.27M€294k▼
To other reserves6921€2.27M€294k▼
Profit to be distributed694/7€888k€93k▼
Return on contributions (dividend)694€888k€93k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €2.27M ▲720%
Net result €2.27M, the highest in the series.
31-12
Financial
Equity above €2MEq €3.34M ▲70.2%
7 profitable years in a row build equity to €3.34M.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €2MEq €2.05M ▲4.1%
5 profitable years in a row build equity to €2.05M.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €93k ▼89.5%
Net result drops to €93k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 1.08
Current ratio from 0.52 to 1.08.
Show earlier events
31-12
Financial
Equity above €2MEq €2.01M ▲78.8%
2 profitable years in a row build equity to €2.01M.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Ronse · 1 establishment unit since 2004
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.
Elzeelsesteenweg 5999600 RonseGround area
7,176 m²
Building footprint
325 m²
Volume, LiDAR
1,879 m³
Parcel 45422C1395/00E000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ViThe
since 20042.148.781.414
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422C1395/00E000 | Flanders | 7,176 m² | 1 · 325 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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GUINIVAL
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FREWAM
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TLS Invest
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 14,238 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
47690Retail sale of other cultural and recreation goods
47791Retail sale of antiques
82300Organisation of conventions and trade shows
90120Visual arts creation
90391Promotion and organisation of arts and performing arts events
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.