VM TECH & SERVICES
ActiveSummary
VM TECH & SERVICES has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €406,100 and a net result of €70,140. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 53% of 11547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+27
Solvency71▼-7
Growth58▲+18
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 1.85 against 2.13 in 2024; short-term debt: 53.7% and cash: 64.6% of total assets), but 53.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
46.3%
Return on assets
8%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
17 d late
2022
2 d late
2021
2 d early
2019
90 d early
2016
52 d early
← 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 18 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 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
Turnover
€588,628▲ 149%
2024 · €236,015
EBIT margin
17.0%▲ 15.4pp
2024 · 1.6%
Net result
€70,140▲ 2,413%
2024 · €2,791
Working capital
€401,202▲ 20.8%
2024 · €332,042
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€322,961-€508,790▲ 57.5%€226,323▼ 55.5%€236,015▲ 4.3%€588,628▲ 149%
Operating result€80,564-€160,734▲ 99.5%€24,366▼ 84.8%€3,699▼ 84.8%€99,875▲ 2,600%
Net result€58,573within the sector's middle half-€125,962above the sector's middle half▲ 115%€13,073within the sector's middle half▼ 89.6%€2,791within the sector's middle half▼ 78.6%€70,140above the sector's middle half▲ 2,413%
EBIT margin24.9%-31.6%▲ 6.6pp10.8%▼ 20.8pp1.6%▼ 9.2pp17.0%▲ 15.4pp
Equity€194,133below the sector's middle half-€320,095above the sector's middle half▲ 64.9%€333,168above the sector's middle half▲ 4.1%€335,960above the sector's middle half▲ 0.8%€406,100above the sector's middle half▲ 20.9%
Total assets€374,985below the sector's middle half-€668,458above the sector's middle half▲ 78.3%€670,193above the sector's middle half▲ 0.3%€630,537above the sector's middle half▼ 5.9%€877,262above the sector's middle half▲ 39.1%
Debt€180,852-€348,363▲ 92.6%€337,025▼ 3.3%€294,577▼ 12.6%€471,162▲ 59.9%
Working capital€191,301within the sector's middle half-€318,510above the sector's middle half▲ 66.5%€332,152above the sector's middle half▲ 4.3%€332,042above the sector's middle half=€401,202above the sector's middle half▲ 20.8%
Solvency51.8%within the sector's middle half-47.9%within the sector's middle half▼ 3.9pp49.7%within the sector's middle half▲ 1.8pp53.3%within the sector's middle half▲ 3.6pp46.3%within the sector's middle half▼ 7.0pp
Current ratio2.06within the sector's middle half-1.91within the sector's middle half▼ 0.141.99within the sector's middle half▲ 0.072.13within the sector's middle half▲ 0.141.85within the sector's middle half▼ 0.28
Return on assets (ROA)15.6%above the sector's middle half-18.8%above the sector's middle half▲ 3.2pp2.0%within the sector's middle half▼ 16.9pp0.4%within the sector's middle half▼ 1.5pp8.0%within the sector's middle half▲ 7.6pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2022 Turnover +58% on 2021. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 2,600% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €877,262
Fixed assets
€4,898 ▲ 25.0%
Current assets
€872,364 ▲ 39.2%
Equity and liabilities €877,262
Equity
€406,100 ▲ 20.9%
Debt
€471,162 ▲ 59.9%
Debt's share of the balance-sheet total rises from 46.7% to 53.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€101,656▲
2024 · €4,472
Cash flow
€71,921▲
2024 · €3,564
Debt to equity
1.16▲
2024 · 0.88
ROE
17.3%▲
2024 · 0.8%
Interest coverage
201.73▲
2024 · 10.75
Debt ≤ 1 year
€471,162▲
2024 · €294,577
Income taxes
€29,232▲
2024 · €498
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 20,134 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €322,961 | €508,790 | €226,323 | €236,015 | €588,628 | ▲ 149% |
| Goods, raw materials, services and sundry goods60/61 | €237,263 | €344,690 | €200,132 | €228,445 | €485,640 | ▲ 113% |
| Remuneration, social security and pensions62 | €1,062 | €1,123 | - | €54 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,568 | €1,248 | €568 | €773 | €1,781 | ▲ 130% |
| Other operating charges640/8 | €1,504 | €995 | €1,256 | €3,044 | €1,332 | ▼ 56.3% |
| Gross operating margin9900 | €85,698 | €164,100 | €26,191 | €7,570 | €102,988 | ▲ 1,260% |
| Operating profit (loss)9901 | €80,564 | €160,734 | €24,366 | €3,699 | €99,875 | ▲ 2,600% |
| Financial income75/76B | €0 | €0 | - | €7 | €1 | ▼ 91.4% |
| Recurring financial income75 | €0 | €0 | - | €7 | €1 | ▼ 91.4% |
| Financial charges65/66B | €287 | €615 | €418 | €416 | €504 | ▲ 21.1% |
| Recurring financial charges65 | €287 | €615 | €418 | €416 | €504 | ▲ 21.1% |
| Profit (loss) for the period before taxes9903 | €80,277 | €160,119 | €23,949 | €3,290 | €99,372 | ▲ 2,921% |
| Income taxes67/77 | €21,705 | €34,158 | €10,875 | €498 | €29,232 | ▲ 5,766% |
| Profit (loss) for the period9904 | €58,573 | €125,962 | €13,073 | €2,791 | €70,140 | ▲ 2,413% |
| Profit (loss) for the period to be appropriated9905 | €58,573 | €125,962 | €13,073 | €2,791 | €70,140 | ▲ 2,413% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €374,985 | €668,458 | €670,193 | €630,537 | €877,262 | ▲ 39.1% |
| Fixed assets21/28 | €2,832 | €1,585 | €1,016 | €3,917 | €4,898 | ▲ 25.0% |
| Tangible fixed assets22/27 | €2,832 | €1,585 | €1,016 | €3,917 | €4,898 | ▲ 25.0% |
| Furniture and vehicles24 | €2,832 | €1,585 | €1,016 | €3,917 | €4,898 | ▲ 25.0% |
| Current assets29/58 | €372,153 | €666,874 | €669,177 | €626,620 | €872,364 | ▲ 39.2% |
| Amounts receivable within one year40/41 | €115,962 | €201,854 | €266,434 | €173,039 | €305,332 | ▲ 76.5% |
| Trade receivables40 | €115,962 | €201,854 | €265,269 | €147,036 | €305,332 | ▲ 108% |
| Other amounts receivable41 | - | - | €1,164 | €26,003 | - | - |
| Cash at bank and in hand54/58 | €255,700 | €464,839 | €402,743 | €453,581 | €567,032 | ▲ 25.0% |
| Deferred charges and accrued income490/1 | €491 | €181 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €374,985 | €668,458 | €670,193 | €630,537 | €877,262 | ▲ 39.1% |
| Equity10/15 | €194,133 | €320,095 | €333,168 | €335,960 | €406,100 | ▲ 20.9% |
| Contributions10/11 | €37,184 | €37,184 | €37,184 | €37,184 | €37,184 | = |
| Capital10 | €37,184 | €37,184 | €37,184 | €37,184 | - | - |
| Issued capital100 | €37,184 | €37,184 | €37,184 | €37,184 | - | - |
| Reserves13 | €3,718 | €3,718 | €3,718 | €3,718 | €3,718 | = |
| Non-distributable reserves130/1 | €3,718 | €3,718 | €3,718 | €3,718 | €3,718 | = |
| Legal reserve130 | €3,718 | €3,718 | €3,718 | €3,718 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €3,718 | - |
| Profit (loss) carried forward14 | €153,231 | €279,193 | €292,266 | €295,057 | €365,197 | ▲ 23.8% |
| Amounts payable17/49 | €180,852 | €348,363 | €337,025 | €294,577 | €471,162 | ▲ 59.9% |
| Amounts payable within one year42/48 | €180,852 | €348,363 | €337,025 | €294,577 | €471,162 | ▲ 59.9% |
| Trade debts44 | €71,813 | €132,334 | €143,774 | €114,964 | €227,191 | ▲ 97.6% |
| Suppliers440/4 | €71,813 | €132,334 | €143,774 | €114,964 | €227,191 | ▲ 97.6% |
| Taxes, remuneration and social security45 | €59,292 | €166,282 | €144,742 | €132,428 | €197,125 | ▲ 48.9% |
| Taxes450/3 | €59,292 | €76,282 | €25,000 | €20,000 | €36,385 | ▲ 81.9% |
| Remuneration and social security454/9 | - | €90,000 | €119,742 | €112,428 | €160,740 | ▲ 43.0% |
| Other amounts payable47/48 | €49,747 | €49,747 | €48,508 | €47,185 | €46,847 | ▼ 0.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,573 | €125,962 | €13,073 | €2,791 | €70,140 | ▲ 2,413% |
| + Depreciation and write-downs630 | €2,568 | €1,248 | €568 | €773 | €1,781 | ▲ 130% |
| Operating cash flow (approximation) | €61,141 | €127,209 | €13,641 | €3,564 | €71,921 | ▲ 1,918% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,674 | -€2,762 | ▲ 24.8% |
| Change in cash | - | €209,138 | -€62,096 | €50,838 | €113,452 | ▲ 123% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €2,791 ▼78.6%
Net result drops to €2,791, the lowest in the series; recovery starts the following year.
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 17 days late
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
30-09
Financial
Highest result since 2019net €125,962 ▲115%
Operating result €160,734, net result €125,962, both a record.
30-09
Financial
Equity above €200,000Eq €320,095 ▲64.9%
3 profitable years in a row build equity to €320,095.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Equity above €150,000Eq €194,133 ▲207%
2 profitable years in a row build equity to €194,133.
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2017
09-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
31-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
11-01
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2013
24-12
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Elsene · 1 establishment unit since 2016
Ground area
243 m²
Building footprint
196 m²
Volume, LiDAR
3,163 m³
Parcel 21445C0262/00P010, Brussels · tallest building 21.4 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
VM TECH
since 20162.262.930.519
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445C0262/00P010 | Brussels | 243 m² | 1 · 196 m² | 21.4 m · 5 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 1,567 companies in sector 46900 we hold annual accounts for 920. 668 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 (pre-2019)
Founded17-02-1998
Fiscal year end30-09
Activities, NACEBEL 2025
46900Non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462686634
Also
9925:BE0462686634
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.