VM CONCEPT
ActiveSummary
VM CONCEPT has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22,074 and a net result of -€8,908. Its solvency ranks better than 47% of 4,339 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 23-12-2024 Normal situation
- Activity
- Other photographic activities NACE 74209and 5 others
- Establishment unit
- 2.369.758.005 5170 Profondeville, since 23-12-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 01-12-2025
Board and ownership
- CARLIER Virginie Stéphanie AnneDirector · since 23-12-2024
- FAUTSCH Michel Jean JulienDirector · since 23-12-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €2,846
- ▼ 91.3%
- Turnover
- ≈ €18,000
- estimated
- Loss
- €8,908
- Equity
- €22,074
- ▼ 28.8%
- Total assets
- €47,542
- ▼ 61.1%
Score breakdownraises riskLoss of €8,908 (financial year 2025)lowers riskSector: Other professional, scientific and technical activities (NACE 74)Liquidity: current ratio 0.94, cash €12,308Figures for financial year 2025 (filed on 02-06-2026)Show the evidence
Checked score
About 2 in 1,000 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 74, micro). It does better than 48% of them on solvency, 45% on liquidity, 28% on profitability and 20% on growth.
The bankruptcy probability was computed on 01-11-2026 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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 48 days before the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 02-06-2026 at the NBB all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is a loss of €8,672, after a profit of €32,490 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €33,668 | - |
| Intangible fixed assets | €750 | - |
| Financial fixed assets | - | €0 |
| Depreciation and write-downs of the year | €252 | €10,481 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as VM CONCEPT: other photographic activities (NACE 74209). They are comparable in size and age: total assets between €22,200 and €60,500, founded between 2022 and 2025.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| VM CONCEPT Profondeville | 2024 | €47,542 | €22,074 | €2,846 | -€8,908 | 2025 |
| GM-ART Brussel | 2022 | €60,534 | €21,988 | €1,611 | €2,241 | 2025 |
| LAETITIA CROES PHOTOGRAPHE Beloeil | 2022 | €30,888 | €15,421 | €3,848 | -€2,247 | 2025 |
| JClines Wemmel | 2023 | €42,574 | €36,423 | €6,809 | €1,816 | 2025 |
| JDH PRODUCTIONS Andenne | 2023 | €44,616 | €20,528 | €10,644 | €2,246 | 2025 |
| PRODIGITAL Vilvoorde | 2024 | €28,473 | €2,541 | €8,049 | €267 | 2025 |
| RecordeD Production Ham-sur-Heure-Nalinnes | 2025 | €22,160 | €10,614 | €10,756 | €7,614 | 2025 |
They were chosen from the 157 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 584 companies had the same profile as VM CONCEPT has now. Two years later, 1.4% had gone bankrupt and 92.6% were still going.
- Micro
- under 2 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
That fits the bankruptcy probability of VM CONCEPT itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,445 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 584 companies, not a prediction for VM CONCEPT. 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €252 | €10,481 | ▲ 42× |
| Other operating charges640/8 | - | €1,037 | - |
| Gross operating margin9900 | €32,743 | €2,846 | ▼ 91.3% |
| Operating profit (loss)9901 | €32,490 | -€8,672 | - |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | - | €106 | - |
| Recurring financial charges65 | - | €106 | - |
| Profit (loss) for the period before taxes9903 | €32,490 | -€8,778 | - |
| Income taxes67/77 | €6,508 | €130 | ▼ 98.0% |
| Profit (loss) for the period9904 | €25,982 | -€8,908 | - |
| Profit (loss) for the period to be appropriated9905 | €25,982 | -€8,908 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €122,298 | €47,542 | ▼ 61.1% |
| Fixed assets21/28 | €34,166 | €23,685 | ▼ 30.7% |
| Intangible fixed assets21 | €746 | €596 | ▼ 20.1% |
| Tangible fixed assets22/27 | €33,419 | €23,088 | ▼ 30.9% |
| Land and buildings22 | €1,530 | €1,530 | = |
| Furniture and vehicles24 | €31,889 | €21,558 | ▼ 32.4% |
| Current assets29/58 | €88,132 | €23,858 | ▼ 72.9% |
| Stocks and contracts in progress3 | - | €1,394 | - |
| Stocks30/36 | - | €1,394 | - |
| Amounts receivable within one year40/41 | €84,592 | €6,685 | ▼ 92.1% |
| Trade receivables40 | €84,592 | €3,617 | ▼ 95.7% |
| Other amounts receivable41 | - | €3,068 | - |
| Cash at bank and in hand54/58 | €3,540 | €12,308 | ▲ 248% |
| Deferred charges and accrued income490/1 | - | €3,471 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €122,298 | €47,542 | ▼ 61.1% |
| Equity10/15 | €30,982 | €22,074 | ▼ 28.8% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €25,982 | €17,074 | ▼ 34.3% |
| Amounts payable17/49 | €91,316 | €25,468 | ▼ 72.1% |
| Amounts payable within one year42/48 | €91,316 | €25,468 | ▼ 72.1% |
| Trade debts44 | €47,507 | €778 | ▼ 98.4% |
| Suppliers440/4 | €47,507 | €778 | ▼ 98.4% |
| Taxes, remuneration and social security45 | €43,809 | €9,648 | ▼ 78.0% |
| Taxes450/3 | €22,809 | €6,148 | ▼ 73.0% |
| Remuneration and social security454/9 | €21,000 | €3,500 | ▼ 83.3% |
| Other amounts payable47/48 | - | €15,042 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €25,982 | -€8,908 | - |
| + Depreciation and write-downs630 | €252 | €10,481 | ▲ 42× |
| Operating cash flow (approximation) | €26,234 | €1,573 | ▼ 94.0% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €8,768 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- FAUTSCH Michel Jean Julien founder
- CARLIER Virginie Stéphanie Anne founder
Capital transactions
- 27-12-2024 Incorporation · €5,000 · 100 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| CARLIER Virginie Stéphanie Anne |
|
| FAUTSCH Michel Jean Julien |
|
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Articles of association, deed of 27-12-2024 (in French)
Network & group
VM CONCEPT shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of VM CONCEPT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
27-12
Gazette deed
IncorporationStarting capital €5,000 · Appointments: FAUTSCH Michel Jean Julien (director) and CARLIER Virginie Stéphanie Anne (director) · Permanent representatives: FAUTSCH Michel Jean Julien and CARLIER Virginie Stéphanie Anne · Founder21 points ▸
- Founder, FAUTSCH Michel Jean Julien
- Founder, CARLIER Virginie Stéphanie Anne
- Incorporation, 19-12-2024
- Founding capital, €5,000
- Bank account, “société en formation, versement en espèces” (deed in French)
- Other provision, “capitaux propres suffisants et libération totale, article 5:8 du CSA” (deed in French)
- Declaration, “attestation bancaire et fonds disponibles”, 5000 (deed in French)
- Declaration, “plan financier, préalablement à cet acte” (deed in French)
- Other provision, “début des activités, jour où elle acquiert la personnalité juridique” (deed in French)
- Declaration, “capacité, aucune mesure d’incapacité:faillite,règlement collectif de dettes,désignation d'un administrateur ou autre” (deed in French)
- Other provision, “frais,dépenses et rémunérations ou charges sous quelque forme que ce soit incombant à la société ou mis à sa charge en raison de sa constitution, frais de const…” (deed in French)
- Capital
- The act holds 9 more points.
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
20 activities
- Conseil en relations publiques et en communication
- Conseil pour les affaires et autres conseils de gestion
- Autre mise à disposition de ressources humaines
- Autres activités de soutien aux entreprises
- Autres services d’informations
- Formation professionnelle
- Formation socio-culturelle
- Autres formes d’enseignement
- Production photographique
- Activités de photographes de presse
- Services d’aménagement paysager
- Location d’immeubles non résidentiels
- Conception de jardins,de parcs,…
- Location et exploitation de biens immobiliers non résidentiels propres ou loués,sauf terrains…
- Autres services personnels
- Location-bail de propriété intellectuelle et de produits similaires,à l'exception des oeuvres soumises au droit d'auteur
- Commerce de détail d'objets d'art neufs en magasin spécialisé
- Culture de fruits à pépins et à noyau
- Exploitation de pépinières,sauf pépinières forestières
- Chambres d'hôtes
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 |
|---|---|---|---|---|
| 92071B0338/00D000 | Wallonia | 1,173 m² | - | - |