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VM STABLES

Active Risk: not assessed
Private limited companyfounded 20214 yrs activePilkemseweg 132, 8904 Ieper, BelgiumKBO/BCE: BE 0776.781.443
Summary

VM STABLES is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €332,746 and a net result of -€20,230. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 25% of 6167 sector peers (fiscal year 2024). The company has been active since 2021 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

1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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 · 3 filings
Deviation from the deadline
2025
not confirmed
2024
20 d late
2023
37 d early
2022
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 5 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 (1)
neutral · 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

History

VM STABLES was incorporated on 3 November 2021 as a Private limited company.1 Total assets went from EUR 1.4 million in 2022 to EUR 1.4 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€332,746▼ 5.7%
2023 · €352,976
Net result
-€20,230▲ 1.3%
2023 · -€20,486
Total assets
€1.4m=
2023 · €1.4m
Solvency
24.6%▼ 1.5pp
2023 · 26.0%
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
Line202220232024
Operating result-€12,159--€3,315▲ 72.7%-€4,138▼ 24.8%
Net result-€26,538below the sector's middle half--€20,486below the sector's middle half▲ 22.8%-€20,230below the sector's middle half▲ 1.3%
Equity€373,462within the sector's middle half-€352,976within the sector's middle half▼ 5.5%€332,746within the sector's middle half▼ 5.7%
Total assets€1.4mwithin the sector's middle half-€1.4mwithin the sector's middle half▼ 0.1%€1.4mwithin the sector's middle half=
Debt€983,277-€1.0m▲ 2.0%€1.0m▲ 2.0%
Working capital-€136,723within the sector's middle half--€213,417below the sector's middle half▼ 56.1%-€290,692below the sector's middle half▼ 36.2%
Solvency27.5%within the sector's middle half-26.0%within the sector's middle half▼ 1.5pp24.6%below the sector's middle half▼ 1.5pp
Current ratio0.05below the sector's middle half-0.03below the sector's middle half▼ 0.020.02below the sector's middle half▼ 0.01
Return on assets (ROA)-2.0%below the sector's middle half--1.5%below the sector's middle half▲ 0.4pp-1.5%below the sector's middle half=
Staff (FTE)0below the sector's middle half-0within the sector's middle half0within 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
-€30,000-€20,000-€10,000€0Operating result 2022: -€12,159-€12,159Net result 2022: -€26,538-€26,538Operating result 2023: -€3,315-€3,315Net result 2023: -€20,486-€20,486Operating result 2024: -€4,138-€4,138Net result 2024: -€20,230-€20,230202220232024-€30,000-€20,000-€10,000€0Operating result 2022: -€12,159-€12,200Net result 2022: -€26,538-€26,500Operating result 2023: -€3,315-€3,320Net result 2023: -€20,486-€20,500Operating result 2024: -€4,138-€4,140Net result 2024: -€20,230-€20,200202220232024
The operating result stays negative: a loss of €4,138 in 2024 against €3,315 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets €1.3m =
Current assets €6,436 ▼ 3.9%
Equity and liabilities €1.4m
Equity €332,746 ▼ 5.7%
Debt €1.0m ▲ 2.0%
Debt's share of the balance-sheet total rises from 74.0% to 75.4%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
ROE
-6.1%▼
2023 · -5.8%
Debt ≤ 1 year
€297,128▲
2023 · €220,111
Debt > 1 year
€719,455▼
2023 · €776,501
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 31 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.4m€1.4m=
Fixed assets21/28€1.3m€1.3m=
Financial fixed assets28€1.3m€1.3m=
Current assets29/58€6,695€6,436▼
Amounts receivable within one year40/41€208€164▼
Other amounts receivable41€208€164▼
Cash at bank and in hand54/58€6,487€6,272▼
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.4m=
Equity10/15€352,976€332,746▼
Contributions10/11€400,000€400,000=
Profit (loss) carried forward14-€47,024-€67,254▼
Amounts payable17/49€1.0m€1.0m▲
Amounts payable after more than one year17€776,501€719,455▼
Financial debts170/4€776,501€719,455▼
Amounts payable within one year42/48€220,111€297,128▲
Current portion of amounts payable after more than one year42€55,944€57,046▲
Trade debts44€278€413▲
Suppliers440/4€278€413▲
Other amounts payable47/48€163,889€239,669▲
Accrued charges and deferred income492/3€5,995€5,995=
Income statement Code20232024
Other operating charges640/8€384€1,209▲
Gross operating margin9900-€2,931-€2,929▲
Operating profit (loss)9901-€3,315-€4,138▼
Financial charges65/66B€17,171€16,092▼
Recurring financial charges65€17,171€16,092▼
Profit (loss) for the period before taxes9903-€20,486-€20,230▲
Profit (loss) for the period9904-€20,486-€20,230▲
Profit (loss) for the period to be appropriated9905-€20,486-€20,230▲
Appropriation of the result
Profit (loss) to be appropriated9906-€47,024-€67,254▼
Profit (loss) brought forward from the previous period14P-€26,538-€47,024▼
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Other operating charges640/8€1,069€384€1,209▲ 214%
Gross operating margin9900-€11,091-€2,931-€2,929▲ 0.1%
Operating profit (loss)9901-€12,159-€3,315-€4,138▼ 24.8%
Financial charges65/66B€14,379€17,171€16,092▼ 6.3%
Recurring financial charges65€14,379€17,171€16,092▼ 6.3%
Profit (loss) for the period before taxes9903-€26,538-€20,486-€20,230▲ 1.3%
Profit (loss) for the period9904-€26,538-€20,486-€20,230▲ 1.3%
Profit (loss) for the period to be appropriated9905-€26,538-€20,486-€20,230▲ 1.3%
Line202220232024Change
Assets
Total assets20/58€1.4m€1.4m€1.4m=
Fixed assets21/28€1.3m€1.3m€1.3m=
Financial fixed assets28€1.3m€1.3m€1.3m=
Current assets29/58€7,851€6,695€6,436▼ 3.9%
Amounts receivable within one year40/41€152€208€164▼ 21.1%
Other amounts receivable41€152€208€164▼ 21.1%
Cash at bank and in hand54/58€7,699€6,487€6,272▼ 3.3%
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.4m€1.4m=
Equity10/15€373,462€352,976€332,746▼ 5.7%
Contributions10/11€400,000€400,000€400,000=
Profit (loss) carried forward14-€26,538-€47,024-€67,254▼ 43.0%
Amounts payable17/49€983,277€1.0m€1.0m▲ 2.0%
Amounts payable after more than one year17€832,445€776,501€719,455▼ 7.3%
Financial debts170/4€832,445€776,501€719,455▼ 7.3%
Amounts payable within one year42/48€144,573€220,111€297,128▲ 35.0%
Current portion of amounts payable after more than one year42€54,864€55,944€57,046▲ 2.0%
Trade debts44-€278€413▲ 48.3%
Suppliers440/4-€278€413▲ 48.3%
Other amounts payable47/48€89,709€163,889€239,669▲ 46.2%
Accrued charges and deferred income492/3€6,259€5,995€5,995=
Line202220232024Change
Profit (loss) for the period9904-€26,538-€20,486-€20,230▲ 1.3%
Operating cash flow (approximation)-€26,538-€20,486-€20,230▲ 1.3%
Investment in fixed assets (approximation)-€0€0-
Change in cash--€1,212-€215▲ 82.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
20-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 20 days late
2024
24-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Ieper · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
2.3 ha
Building footprint
583 m²
Volume, LiDAR
2,695 m³
Parcel 33003B1141/00H000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
VM STABLES
Pilkemseweg 132, 8904 IeperHoldings
since 20212.323.758.229
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
33003B1141/00H000 Flanders 2.3 ha 1 · 583 m² 7.7 m · 2 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 1

According to the 2024 annual accounts of VM STABLES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,773 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
Founded03-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70100Activities of head offices
E-invoicing
Reachable via Peppol
Peppol ID 0208:0776781443
Also 9925:BE0776781443
Registered 24-11-2023

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.