Equity
-€63,779
Debts exceed assets in financial year 2026.
VIVUS
Lifetime
16 annual accounts with figures on one time axispeak €594,125 (2019)
€140,326▲ 15.6%
lowest -€246,417 (2014)
€82,113▼ 0.5%
peak €41,910 (2011)
-€63,779▲ €82,113
€1.1m▼ 1.8%
peak 9 FTE (2012)
-not published
Board5 names since 2019
2 directorsFanny STORMS and 1 other
Documentsfilings and deeds
08-10-202623 days before the deadline
2026abbreviated format
Gross margin from €121,409 to €140,326Equity from -€145,892 to -€63,779Investments €115,739Cash from €74,539 to €2,899
Key points
from the 2026 annual accountsTurnover
≈ €220,000 estimated
The accounts state no turnover.
Debts
€1.1m 106% of the balance sheet
Financial debts 46%Suppliers 0%Taxes and wages 1%Other 53%
Of this, €589,946 falls due within a year.
Investments
€115,739 2.7 × depreciation
Green is investment, beige is depreciation. Machinery stands 116.1% higher than in 2025.
Filings
16 annual accounts since 2011
The last five annual accounts were filed 6 to 25 days before the end of the period.
Position in the sector
-€63,779
Less equity than 95% of companies in head offices and management consultancy. Sector median €316,197 · 563 companies.
Checked score
54
Fair
Financially stronger than 36% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,568 companies (NACE 70, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.6%▲ +0.1 percentage points vs 08-2025
10-2025: 0.7%▲ +0.1 percentage points vs 09-2025highest value
11-2025: 0.4%▼ -0.3 percentage points vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.3 percentage points vs 07-2026lowest value
09-2026: 0.2%▲ +0.1 percentage points vs 08-2026
10-2026: 0.4%▲ +0.2 percentage points vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Liquidity: current ratio 0.18, cash €2,899, halved
Negative equity -€63,779
lowers risk
Size: total assets €1.0m
Sector: Activities of head offices; management consultancy activities (NACE 70)
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 8% of them on solvency, 9% on liquidity, 45% on profitability and 82% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-03-2026.
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, 265 companies had the same profile as VIVUS has now. Each dot is one company, two years later.
94.3%
were still trading
3.4%
stopped another way
1.1%
went bankrupt
Another 1.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VIVUS itself: 0.4% 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 265 companies, not a prediction for VIVUS. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.18 (0.2 in 2025), below 1. Short-term debt is 57.1% and cash 0.3% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 563 sector peers (2026).
NBB · sector comparisonPosition among 563 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 08-10-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
23 days early
2025
6 days early
2024
9 days early
2023
7 days early
2022
25 days early
2021
1 day early
2020
36 days early
← 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 15 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)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 22 October (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
08-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0819870922
Registered office moved within Flémalle
New registered office: 19/B rue des hêtres 4400 Flémalle · Previous registered office: 17 rue des hêtres 4400 Flémalle · Board meeting of 24-06-2024 · Gazette deed
2 directors appointed, 2 resignations
Resignations: Christine DUFOUR (managing director) and Daniel STORMS (managing director) · Appointments: Christine DUFOUR (managing director) and Fanny STORMS (managing director) · Director discharge: Christine DUFOUR (managing director) · General meeting of 31-05-2023 · Gazette deed
New managing director
Daniel STORMS appointed, STRENA resigned · General meeting of 23-09-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VIVUS Flémalle | - | - | -6.2% | - |
| MLF CONSULT Pepinster | - | - | 77.2% | - |
| HAELTERMAN CONSULTING SERVICES Remicourt | - | - | 30.1% | - |
| DIMILIS Stavelot | - | - | 17.4% | - |
| BALDER Huy | €160,664 | 70.5% | 95.5% | - |
| PMF Immo Spa | - | - | 26.1% | - |
| LEXMAN Liège | €219,862 | 38.8% | 60.0% | - |
These companies have the same main activity as VIVUS: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €887,000 and €1.1m, founded between 2007 and 2012.
Official details
Source: KBO- Status
- Active since 20-10-2009Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.182.899.5794400 Flémalle, since 02-12-2009
- Financial year end
- 31 March
- Peppol
- Reachable since 21-10-2026
Annual accounts to 31-03-2026
- €1.0m▲ 6.4%
- Filing
- Filed on 08-10-2026, 23 days before the end of the filing period
Insights on VIVUS
VIVUS files the abbreviated format. That format states no turnover. The gross margin fell from €201,699 in 2011 to €140,326 in 2026.
In September 2023, the Official Gazette published the appointment of Fanny STORMS as managing director.
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 VIVUS
- What is the company number of VIVUS?
- The company number of VIVUS is 0819.870.922. The VAT number is the same number with BE in front: BE 0819.870.922.
- Where is VIVUS based?
- The registered office is at Rue des Hêtres 19, 4400 Flémalle.Company details
- What does VIVUS do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of VIVUS?
- VIVUS is a public limited company (NV).
- When was VIVUS founded?
- VIVUS was founded on 20-10-2009.
- Is VIVUS still active?
- Yes, VIVUS is an active enterprise in the KBO register.
- How many employees does VIVUS have?
- VIVUS had an average of 5.9 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- What is the turnover of VIVUS?
- The turnover in financial year 2026 is ≈ €220,000. This figure is estimated from the gross margin of €140,326 and 93 comparable companies (NACE 70200). It probably lies between €180,000 and €290,000.
- Is VIVUS profitable?
- In financial year 2026, VIVUS made a profit of €82,113.
- Where can I find the annual accounts of VIVUS?
- VIVUS filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of VIVUS due?
- VIVUS must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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