Summary
VKB MANAGEMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €29,097 and a net result of -€657. Equity is growing by ~33.3% per year across the filed fiscal years. Its solvency ranks better than 11% of 5585 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 5585 sector peers (2025).
NBB · sector comparisonPosition among 5585 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filingsDeviation from the deadline
2025
31 d late
2024
27 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
30 d late
2019
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€29,097▼ 2.2%
2024 · €29,755
Net result
-€657
2024 · €1,392
Total assets
€362,650▼ 2.6%
2024 · €372,250
Solvency
8.0%=
2024 · 8.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22,186▲ 388%€21,785▼ 1.8%€20,976▼ 3.7%€11,914▼ 43.2%€6,973▼ 41.5%
Net result€14,870within the sector's middle half▼ 12.3%€13,116within the sector's middle half▼ 11.8%€8,241within the sector's middle half▼ 37.2%€1,392below the sector's middle half▼ 83.1%-€657below the sector's middle half
Equity€7,006below the sector's middle half€20,122below the sector's middle half▲ 187%€28,363below the sector's middle half▲ 41.0%€29,755below the sector's middle half▲ 4.9%€29,097below the sector's middle half▼ 2.2%
Total assets€440,769below the sector's middle half▼ 0.4%€438,315below the sector's middle half▼ 0.6%€405,127below the sector's middle half▼ 7.6%€372,250below the sector's middle half▼ 8.1%€362,650below the sector's middle half▼ 2.6%
Debt€421,763▼ 3.8%€406,193▼ 3.7%€364,765▼ 10.2%€330,496▼ 9.4%€321,553▼ 2.7%
Working capital-€187,329below the sector's middle half▲ 10.9%-€163,534within the sector's middle half▲ 12.7%-€149,514within the sector's middle half▲ 8.6%-€139,521within the sector's middle half▲ 6.7%-€134,119within the sector's middle half▲ 3.9%
Solvency1.6%below the sector's middle half▲ 3.4pp4.6%below the sector's middle half▲ 3.0pp7.0%below the sector's middle half▲ 2.4pp8.0%below the sector's middle half▲ 1.0pp8.0%below the sector's middle half=
Current ratio0.53within the sector's middle half▲ 0.040.57within the sector's middle half▲ 0.040.56within the sector's middle half▼ 0.010.54within the sector's middle half▼ 0.020.55within the sector's middle half=
Return on assets (ROA)3.4%within the sector's middle half▼ 0.5pp3.0%within the sector's middle half▼ 0.4pp2.0%within the sector's middle half▼ 1.0pp0.4%within the sector's middle half▼ 1.7pp-0.2%below the sector's middle half▼ 0.6pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 41% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €362,650
Fixed assets
€200,465 ▼ 2.5%
Current assets
€162,186 ▼ 2.6%
Equity and liabilities €362,650
Equity
€29,097 ▼ 2.2%
Provisions
€12,000 =
Debt
€321,553 ▼ 2.7%
Debt's share of the balance-sheet total falls from 88.8% to 88.7%. Equity and debt are lower.
Key figures and ratios
ROE
-2.3%▼
2024 · 4.7%
Debt ≤ 1 year
€296,305▼
2024 · €306,088
Debt > 1 year
€20,000=
2024 · €20,000
Income taxes
€1,101▼
2024 · €2,152
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €24 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,608 | €12,203 | €12,239 | €12,461 | €13,461 | ▲ 8.0% |
| Other operating charges640/8 | €2,076 | €2,335 | €2,741 | €2,021 | €2,080 | ▲ 2.9% |
| Gross operating margin9900 | €35,870 | €36,324 | €35,956 | €26,397 | €22,514 | ▼ 14.7% |
| Operating profit (loss)9901 | €22,186 | €21,785 | €20,976 | €11,914 | €6,973 | ▼ 41.5% |
| Financial income75/76B | €3,268 | €2,954 | €2,637 | €2,334 | €1,974 | ▼ 15.4% |
| Recurring financial income75 | €3,268 | €2,954 | €2,637 | €2,334 | €1,974 | ▼ 15.4% |
| Financial charges65/66B | €6,844 | €6,418 | €10,903 | €10,705 | €8,502 | ▼ 20.6% |
| Recurring financial charges65 | €6,844 | €6,418 | €10,903 | €10,705 | €8,502 | ▼ 20.6% |
| Profit (loss) for the period before taxes9903 | €18,611 | €18,321 | €12,709 | €3,544 | €444 | ▼ 87.5% |
| Income taxes67/77 | €3,741 | €5,206 | €4,469 | €2,152 | €1,101 | ▼ 48.8% |
| Profit (loss) for the period9904 | €14,870 | €13,116 | €8,241 | €1,392 | -€657 | ▼ 147% |
| Profit (loss) for the period to be appropriated9905 | €14,870 | €13,116 | €8,241 | €1,392 | -€657 | ▼ 147% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €440,769 | €438,315 | €405,127 | €372,250 | €362,650 | ▼ 2.6% |
| Fixed assets21/28 | €230,497 | €221,151 | €214,662 | €205,684 | €200,465 | ▼ 2.5% |
| Tangible fixed assets22/27 | €229,847 | €220,501 | €214,012 | €205,034 | €199,815 | ▼ 2.5% |
| Land and buildings22 | €215,334 | €206,178 | €197,023 | €187,867 | €183,212 | ▼ 2.5% |
| Plant, machinery and equipment23 | €14,513 | €14,322 | €11,239 | €11,417 | €10,853 | ▼ 4.9% |
| Other tangible fixed assets26 | - | - | €5,750 | €5,750 | €5,750 | = |
| Financial fixed assets28 | €650 | €650 | €650 | €650 | €650 | = |
| Current assets29/58 | €210,272 | €217,165 | €190,465 | €166,566 | €162,186 | ▼ 2.6% |
| Amounts receivable after more than one year29 | €139,095 | €122,900 | €106,377 | €89,522 | €72,326 | ▼ 19.2% |
| Trade receivables290 | €139,095 | €122,900 | €106,377 | €89,522 | €72,326 | ▼ 19.2% |
| Amounts receivable within one year40/41 | €26,813 | €42,760 | €31,260 | €34,461 | €39,441 | ▲ 14.5% |
| Trade receivables40 | €26,813 | €42,715 | €29,860 | €30,257 | €36,593 | ▲ 20.9% |
| Other amounts receivable41 | - | €44 | €1,400 | €4,204 | €2,848 | ▼ 32.2% |
| Cash at bank and in hand54/58 | €43,082 | €50,162 | €49,267 | €39,855 | €48,051 | ▲ 20.6% |
| Deferred charges and accrued income490/1 | €1,282 | €1,343 | €3,562 | €2,729 | €2,368 | ▼ 13.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €440,769 | €438,315 | €405,127 | €372,250 | €362,650 | ▼ 2.6% |
| Equity10/15 | €7,006 | €20,122 | €28,363 | €29,755 | €29,097 | ▼ 2.2% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | - | - | €8,241 | €8,241 | €8,241 | = |
| Distributable reserves133 | - | - | €8,241 | €8,241 | €8,241 | = |
| Profit (loss) carried forward14 | -€12,994 | €122 | €122 | €1,514 | €856 | ▼ 43.4% |
| Provisions and deferred taxes16 | €12,000 | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Provisions for liabilities and charges160/5 | €12,000 | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Environmental obligations163 | €12,000 | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Amounts payable17/49 | €421,763 | €406,193 | €364,765 | €330,496 | €321,553 | ▼ 2.7% |
| Amounts payable after more than one year17 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Other amounts payable178/9 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Amounts payable within one year42/48 | €397,601 | €380,699 | €339,979 | €306,088 | €296,305 | ▼ 3.2% |
| Financial debts43 | €125,000 | €125,000 | €125,000 | €100,000 | €100,000 | = |
| Credit institutions430/8 | €125,000 | €125,000 | €125,000 | €100,000 | €100,000 | = |
| Trade debts44 | €3,019 | €533 | €231 | €9,264 | €11,850 | ▲ 27.9% |
| Suppliers440/4 | €3,019 | €533 | €231 | €9,264 | €11,850 | ▲ 27.9% |
| Advances received on contracts in progress46 | - | - | - | €7,260 | - | - |
| Taxes, remuneration and social security45 | €9,672 | €8,631 | €3,063 | €3,106 | €4,667 | ▲ 50.2% |
| Taxes450/3 | €9,672 | €8,631 | €3,063 | €3,106 | €4,667 | ▲ 50.2% |
| Other amounts payable47/48 | €259,910 | €246,535 | €211,685 | €186,458 | €179,788 | ▼ 3.6% |
| Accrued charges and deferred income492/3 | €4,162 | €5,494 | €4,785 | €4,408 | €5,248 | ▲ 19.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,870 | €13,116 | €8,241 | €1,392 | -€657 | ▼ 147% |
| + Depreciation and write-downs630 | €11,608 | €12,203 | €12,239 | €12,461 | €13,461 | ▲ 8.0% |
| Operating cash flow (approximation) | €26,478 | €25,319 | €20,480 | €13,853 | €12,803 | ▼ 7.6% |
| Investment in fixed assets (approximation) | - | -€2,857 | -€5,750 | -€3,483 | -€8,241 | ▼ 137% |
| Change in cash | - | €7,081 | -€895 | -€9,412 | €8,196 | ▲ 187% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Back to profitnet €16,954
Net result €16,954 after 2 loss-making years.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
31-12
Financial
Weakest financial yearnet -€28,183
Net result drops to -€28,183, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Antwerpen · 1 establishment unit since 2006
Ground area
151 m²
Building footprint
123 m²
Volume, LiDAR
1,139 m³
Parcel 11809I2362/00H008, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VKB Management
since 20062.154.550.934
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2362/00H008 | Flanders | 150 m² | 1 · 123 m² | 11.0 m · 3 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.
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 8,706 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
Founded26-04-2006
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0880938063
Also
9925:BE0880938063
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.