VM DECO

Active

Private limited companyfounded 20224 yrs activeGenkersteenweg 189, 3500 Hasselt, BelgiumKBO/BCE: BE 0788.507.258

The computed 12-month bankruptcy probability of VM DECO is 2.3% (moderate). The 2024 annual accounts show equity of €17k and a net result of €5k. Equity is shrinking by ~32.3% per year across the filed fiscal years. Its solvency ranks better than 29% of 26052 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

45 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability39▲+36

Solvency33▼-2

Growth32=

Track record94

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity tight (current ratio 1.02 against 0.98 in 2023; short-term debt: 91.8% and cash: 39.3% of total assets), and 91.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

8.2%

Return on assets

2.3%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

15 d early

2023

5 d early

2022

90 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€17k▲ 38.4%

2023 · €12k

2022: €28k 2023: €12k

2022 → 2024

Total assets

€209k▲ 64.9%

2023 · €127k

2022: €167k 2023: €127k

2022 → 2024

Net result

€5k

2023 · €-16k

2022: €18k 2023: €-16k

2022 → 2024

Working capital

€3k

2023 · €-2k

2022: €25k 2023: €-2k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€28k-€12k▼ 56.1%€17k▲ 38.4%

Operating result€24k-€-13k€9k

Net result€18k-€-16k€5k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €9k after a loss of €13k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €209k

93.3%

Fixed assets €14k▼ 2.6%

Current assets €195k▲ 73.4%

Equity and liabilities €209k

91.8%

Equity €17k▲ 38.4%

Debt €192k▲ 67.7%

The debt ratio rises from 90.3% to 91.8%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€11k▲

2023 · €-11k

Cash flow

€7k▲

2023 · €-15k

Solvency

8.2%▼

2023 · 9.7%

Current ratio

1.02▲

2023 · 0.98

Quick ratio

0.72▲

2023 · 0.61

Debt / equity

11.25▲

2023 · 9.28

ROE

27.7%▲

2023 · -127.8%

ROA

2.3%▲

2023 · -12.4%

Interest coverage

2.11▲

2023 · -3.65

Debt

€192k▲

2023 · €115k

Debt ≤ 1 year

€192k▲

2023 · €115k

Income taxes

€216▲

2023 · €111

Staff costs

€55k▲

2023 · €42k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€127k€209k▲

Fixed assets21/28€14k€14k▼

Tangible fixed assets22/27€5k€5k▼

Furniture and vehicles24€5k€5k▼

Financial fixed assets28€9k€9k=

Current assets29/58€113k€195k▲

Stocks and contracts in progress3€42k€57k▲

Stocks30/36€7k€6k▼

Contracts in progress37€36k€51k▲

Amounts receivable within one year40/41€8k€46k▲

Trade receivables40€8k€17k▲

Other amounts receivable41-€29k

Cash at bank and in hand54/58€50k€82k▲

Deferred charges and accrued income490/1€12k€10k▼

Equity and liabilities

Total equity and liabilities10/49€127k€209k▲

Equity10/15€12k€17k▲

Contributions10/11€10k€10k=

Reserves13€2k€7k▲

Distributable reserves133€2k€7k▲

Amounts payable17/49€115k€192k▲

Amounts payable within one year42/48€115k€192k▲

Trade debts44€17k€88k▲

Suppliers440/4€17k€88k▲

Advances received on contracts in progress46€64k€75k▲

Taxes, remuneration and social security45€33k€29k▼

Taxes450/3€22k€15k▼

Remuneration and social security454/9€11k€13k▲

Other amounts payable47/48€690-

Income statement Code20232024

Remuneration, social security and pensions62€42k€55k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲

Other operating charges640/8€729€1k▲

Non-recurring operating charges66A€4k-

Gross operating margin9900€35k€67k▲

Operating profit (loss)9901€-13k€9k▲

Financial income75/76B€2€939▲

Recurring financial income75€2€939▲

Financial charges65/66B€3k€5k▲

Recurring financial charges65€3k€5k▲

Profit (loss) for the period before taxes9903€-16k€5k▲

Income taxes67/77€111€216▲

Profit (loss) for the period9904€-16k€5k▲

Profit (loss) for the period to be appropriated9905€-16k€5k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-16k€5k▲

Transfer from equity791/2€16k-

Transfer to equity691/2-€5k

To other reserves6921-€5k

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

2025

16-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €5k

Net result €5k after one loss-making year.

26-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-16k ▼187%

Net result drops to €-16k, the lowest in the series; recovery starts the following year.

02-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Hasselt · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Genkersteenweg 1893500 Hasselt

Ground area

963 m²

Building footprint

574 m²

Volume, LiDAR

3,315 m³

Parcel 71323C0630/00E002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Heytens Hasselt

Genkersteenweg 189, 3500 HasseltManufacture of textiles

since 20222.333.723.889

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71323C0630/00E002	Flanders	963 m²	1 · 574 m²	9.8 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.

Similar companies · same sector, comparable size

Herk-de-Stad · Eq €18k

Of 531 companies in sector 47530 we hold annual accounts for 323. 178 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded12-07-2022

Fiscal year end31-12

Activities, NACEBEL

47530Retail trade

47120Other non-specialised retail sale

47552Retail sale of lighting equipment

47553Retail trade

47592Retail trade

47593Retail trade

47910Retail trade

49410Freight transport by road

82990Other business support services

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.