"VM MANAGEMENT"
ActiveSummary
"VM MANAGEMENT" has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,851 and a net result of €14,581. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 92% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+34
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 6.91 against 0.79 in 2024; short-term debt: 6.5% and cash: 20.4% of total assets), and 6.5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
93.5%
Return on assets
38%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 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 · 6 filingsDeviation from the deadline
2025
27 d late
2024
28 d late
2023
19 d late
2022
22 d late
2021
7 d late
2020
8 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€35,851▲ 68.6%
2024 · €21,269
Total assets
€38,346▼ 26.1%
2024 · €51,899
Net result
€14,581▲ 5.4%
2024 · €13,829
Working capital
€14,757
2024 · -€6,403
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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€26,741▲ 14.0%€10,606▼ 60.3%€10,867▲ 2.5%€21,904▲ 102%€21,931▲ 0.1%
Net result€19,943within the sector's middle half▲ 17.4%€8,283within the sector's middle half▼ 58.5%€5,755within the sector's middle half▼ 30.5%€13,829within the sector's middle half▲ 140%€14,581within the sector's middle half▲ 5.4%
Equity€36,933within the sector's middle half▲ 117%€45,215within the sector's middle half▲ 22.4%€27,440within the sector's middle half▼ 39.3%€21,269below the sector's middle half▼ 22.5%€35,851within the sector's middle half▲ 68.6%
Total assets€51,704below the sector's middle half▲ 65.5%€48,661below the sector's middle half▼ 5.9%€52,787below the sector's middle half▲ 8.5%€51,899below the sector's middle half▼ 1.7%€38,346below the sector's middle half▼ 26.1%
Debt€14,772▲ 3.6%€3,446▼ 76.7%€25,347▲ 636%€30,630▲ 20.8%€2,495▼ 91.9%
Working capital€17,437within the sector's middle half▲ 2.6%€12,870within the sector's middle half▼ 26.2%-€420below the sector's middle half-€6,403below the sector's middle half▼ 1,424%€14,757within the sector's middle half
Solvency71.4%within the sector's middle half▲ 17.1pp92.9%above the sector's middle half▲ 21.5pp52.0%within the sector's middle half▼ 40.9pp41.0%within the sector's middle half▼ 11.0pp93.5%above the sector's middle half▲ 52.5pp
Current ratio2.18within the sector's middle half▼ 0.014.74above the sector's middle half▲ 2.550.98below the sector's middle half▼ 3.750.79below the sector's middle half▼ 0.196.91above the sector's middle half▲ 6.12
Return on assets (ROA)38.6%above the sector's middle half▼ 15.8pp17.0%within the sector's middle half▼ 21.6pp10.9%within the sector's middle half▼ 6.1pp26.6%within the sector's middle half▲ 15.7pp38.0%above the sector's middle half▲ 11.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38,346
Fixed assets
€21,094 ▼ 23.8%
Current assets
€17,252 ▼ 28.8%
Equity and liabilities €38,346
Equity
€35,851 ▲ 68.6%
Debt
€2,495 ▼ 91.9%
Debt's share of the balance-sheet total falls from 59.0% to 6.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28,510▲
2024 · €28,374
Cash flow
€21,160▲
2024 · €20,299
Debt to equity
0.07▼
2024 · 1.44
ROE
40.7%▼
2024 · 65.0%
Interest coverage
273.08▲
2024 · 165.48
Debt ≤ 1 year
€2,495▼
2024 · €30,630
Income taxes
€7,259▼
2024 · €7,921
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €339 | €3,569 | €4,485 | €6,470 | €6,578 | ▲ 1.7% |
| Other operating charges640/8 | - | €446 | €884 | €953 | €974 | ▲ 2.2% |
| Non-recurring operating charges66A | - | - | - | - | €200 | - |
| Gross operating margin9900 | €27,605 | €14,622 | €16,236 | €29,326 | €29,684 | ▲ 1.2% |
| Operating profit (loss)9901 | €26,741 | €10,606 | €10,867 | €21,904 | €21,931 | ▲ 0.1% |
| Financial income75/76B | - | - | €20 | €17 | €14 | ▼ 20.3% |
| Recurring financial income75 | - | - | €20 | €17 | €14 | ▼ 20.3% |
| Financial charges65/66B | - | €657 | €450 | €171 | €104 | ▼ 39.1% |
| Recurring financial charges65 | €759 | €657 | €450 | €171 | €104 | ▼ 39.1% |
| Profit (loss) for the period before taxes9903 | €25,983 | €9,949 | €10,436 | €21,750 | €21,841 | ▲ 0.4% |
| Income taxes67/77 | €6,040 | €1,666 | €4,682 | €7,921 | €7,259 | ▼ 8.3% |
| Profit (loss) for the period9904 | €19,943 | €8,283 | €5,755 | €13,829 | €14,581 | ▲ 5.4% |
| Profit (loss) for the period to be appropriated9905 | €19,943 | €8,283 | €5,755 | €13,829 | €14,581 | ▲ 5.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51,704 | €48,661 | €52,787 | €51,899 | €38,346 | ▼ 26.1% |
| Fixed assets21/28 | €19,495 | €32,345 | €27,860 | €27,672 | €21,094 | ▼ 23.8% |
| Tangible fixed assets22/27 | €19,495 | €32,345 | €27,860 | €27,672 | €21,094 | ▼ 23.8% |
| Furniture and vehicles24 | - | €7,231 | €5,512 | €8,090 | €4,277 | ▼ 47.1% |
| Other tangible fixed assets26 | - | €25,114 | €22,348 | €19,582 | €16,816 | ▼ 14.1% |
| Current assets29/58 | €32,209 | €16,316 | €24,927 | €24,227 | €17,252 | ▼ 28.8% |
| Amounts receivable within one year40/41 | €10,420 | €4,421 | €5,939 | €6,202 | €9,120 | ▲ 47.1% |
| Trade receivables40 | - | €4,421 | €4,699 | €5,846 | €4,782 | ▼ 18.2% |
| Other amounts receivable41 | - | - | €1,240 | €356 | €4,339 | ▲ 1,119% |
| Cash at bank and in hand54/58 | €21,610 | €11,769 | €18,707 | €17,721 | €7,822 | ▼ 55.9% |
| Deferred charges and accrued income490/1 | - | €126 | €281 | €304 | €310 | ▲ 2.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51,704 | €48,661 | €52,787 | €51,899 | €38,346 | ▼ 26.1% |
| Equity10/15 | €36,933 | €45,215 | €27,440 | €21,269 | €35,851 | ▲ 68.6% |
| Reserves13 | - | - | €6,000 | €21,000 | €33,500 | ▲ 59.5% |
| Distributable reserves133 | - | - | €6,000 | €21,000 | €33,500 | ▲ 59.5% |
| Profit (loss) carried forward14 | €36,933 | €45,215 | €21,440 | €269 | €2,351 | ▲ 773% |
| Amounts payable17/49 | €14,772 | €3,446 | €25,347 | €30,630 | €2,495 | ▼ 91.9% |
| Amounts payable within one year42/48 | €14,772 | €3,446 | €25,347 | €30,630 | €2,495 | ▼ 91.9% |
| Trade debts44 | €5,393 | €154 | €40 | €700 | €197 | ▼ 71.8% |
| Suppliers440/4 | - | €154 | €40 | €700 | €197 | ▼ 71.8% |
| Taxes, remuneration and social security45 | - | €2,969 | €1,777 | €9,930 | €2,298 | ▼ 76.9% |
| Taxes450/3 | - | €2,969 | €1,777 | €9,930 | €2,298 | ▼ 76.9% |
| Other amounts payable47/48 | - | €322 | €23,529 | €20,000 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,943 | €8,283 | €5,755 | €13,829 | €14,581 | ▲ 5.4% |
| + Depreciation and write-downs630 | €339 | €3,569 | €4,485 | €6,470 | €6,578 | ▲ 1.7% |
| Operating cash flow (approximation) | €20,282 | €11,852 | €10,239 | €20,299 | €21,160 | ▲ 4.2% |
| Investment in fixed assets (approximation) | - | -€16,419 | €0 | -€6,282 | €0 | ▲ 100% |
| Change in cash | - | -€9,841 | €6,938 | -€985 | -€9,900 | ▼ 905% |
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
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
30-06
Financial
Liquidity times 9current ratio 6.91
Current ratio from 0.79 to 6.91; short-term debt falls from €30,630 to €2,495.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
19-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
30-06
Financial
Weakest financial yearnet €5,755 ▼30.5%
Net result drops to €5,755, the lowest in the series; recovery starts the following year.
22-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
30-06
Financial
Liquidity doublescurrent ratio 4.74
Current ratio from 2.18 to 4.74; short-term debt falls from €14,772 to €3,446.
07-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 7 days late
2021
30-06
Financial
Highest result since 2020net €19,943 ▲17.4%
Operating result €26,741, net result €19,943, both a record.
08-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Dalhem · 2 establishment units since 2019
Ground area
1,856 m²
Building footprint
665 m²
Volume, LiDAR
4,520 m³
3 parcels, Wallonia · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Rue de Tongres 247, 4684 Oupeye
since 20192.290.882.751
LE CAVEAU
since 20222.331.157.250
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62048A1145/00S000 | Wallonia | 802 m² | 1 · 263 m² | 12.7 m · 3 fl. |
| 62108C0137/00M000 | Wallonia | 708 m² | 1 · 234 m² | 10.4 m · 2 fl. |
| 62018B0462/02A000 | Wallonia | 345 m² | 1 · 168 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVisé2.331.157.250
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 35,874 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
Founded03-07-2019
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0729716845
Also
9925:BE0729716845
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.