Vitsam
ActiveVitsam has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3k and a net result of €81k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 17022 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency26▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
1%
Return on assets
31.6%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 17022 sector peers (2025).
NBB · sector comparisonPosition among 17022 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-12-2025, 132 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
132 d early
2024
72 d early
2023
36 d early
2022
5 d early
2021
53 d early
2020
50 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3k=
2024 · €3k
2020: €42k
2021: €72k
2022: €128k
2023: €3k
2024: €3k
2020 → 2025
Total assets
€257k▲ 63.5%
2024 · €157k
2020: €131k
2021: €151k
2022: €195k
2023: €118k
2024: €157k
2020 → 2025
Net result
€81k▼ 43.0%
2024 · €143k
2020: €40k
2021: €31k
2022: €57k
2023: €63k
2024: €143k
2020 → 2025
Working capital
€51k
2024 · €-29k
2020: €14k
2021: €46k
2022: €97k
2023: €-32k
2024: €-29k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€72k-€128k▲ 77.7%€3k▼ 98.0%€3k=€3k=
Operating result€42k-€76k▲ 81.4%€82k▲ 8.5%€189k▲ 130%€111k▼ 40.9%
Net result€31k-€57k▲ 83.6%€63k▲ 8.8%€143k▲ 128%€81k▼ 43.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €257k
Fixed assets
€33k▲ 2.8%
Current assets
€224k▲ 79.0%
Equity and liabilities €257k
Equity
€3k=
Debt
€255k▲ 64.5%
The debt ratio rises from 98.4% to 99.0%. Debt is higher.
Key figures and ratios
EBITDA
€132k▼
2024 · €209k
Cash flow
€102k▼
2024 · €163k
Solvency
1.0%▼
2024 · 1.6%
Current ratio
1.29▲
2024 · 0.81
Quick ratio
1.29▲
2024 · 0.81
ROA
31.6%▼
2024 · 90.7%
Interest coverage
40.62▼
2024 · 588.70
Debt
€255k▲
2024 · €155k
Debt ≤ 1 year
€173k▲
2024 · €155k
Debt > 1 year
€81k
Income taxes
€29k▼
2024 · €50k
A ratio outside any meaningful range has been withheld (balance sheet total €257k, equity €3k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€157k€257k▲
Fixed assets21/28€32k€33k▲
Tangible fixed assets22/27€32k€33k▲
Land and buildings22€927€800▼
Plant, machinery and equipment23€14k€28k▲
Furniture and vehicles24€17k€4k▼
Current assets29/58€125k€224k▲
Amounts receivable within one year40/41€70k€102k▲
Trade receivables40€46k€75k▲
Other amounts receivable41€25k€27k▲
Cash at bank and in hand54/58€52k€119k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€157k€257k▲
Equity10/15€3k€3k=
Contributions10/11€3k€3k=
Amounts payable17/49€155k€255k▲
Amounts payable after more than one year17-€81k
Financial debts170/4-€81k
Amounts payable within one year42/48€155k€173k▲
Current portion of amounts payable after more than one year42€5k€54k▲
Trade debts44-€3k
Suppliers440/4-€3k
Taxes, remuneration and social security45€29k€17k▼
Taxes450/3€29k€17k▼
Other amounts payable47/48€121k€100k▼
Accrued charges and deferred income492/3€208-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€21k▲
Other operating charges640/8€141€344▲
Gross operating margin9900€209k€133k▼
Operating profit (loss)9901€189k€111k▼
Financial income75/76B€4k€2k▼
Recurring financial income75€4k€2k▼
Financial charges65/66B€355€3k▲
Recurring financial charges65€355€3k▲
Profit (loss) for the period before taxes9903€192k€110k▼
Income taxes67/77€50k€29k▼
Profit (loss) for the period9904€143k€81k▼
Profit (loss) for the period to be appropriated9905€143k€81k▼
Appropriation of the result
Profit (loss) to be appropriated9906€143k€81k▼
Profit to be distributed694/7€143k€81k▼
Return on contributions (dividend)694€143k€81k▼
The notes to these accounts (6 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
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
17-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2020net €143k ▲128%
Operating result €189k, net result €143k, both a record.
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €100kEq €128k ▲77.7%
3 profitable years in a row build equity to €128k.
08-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €31k ▼22.7%
Net result drops to €31k, the lowest in the series; recovery starts the following year.
11-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Gent · 1 establishment unit since 2019
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.
Gavergrachtstraat 769031 GentGround area
990 m²
Building footprint
274 m²
Parcel 44017A0707/00S002, Flanders. Linked by address, not a title deed.
1 establishment unit
Vitsam
since 20192.287.482.803
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017A0707/00S002 | Flanders | 990 m² | 1 · 274 m² | - |
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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Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 3,750 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-04-2019
Fiscal year end30-09
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
62010Computer programming, consultancy and related activities
62100Computer programming
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0488/43.49.72