Equity
VMA EXPRESS paid out €23,000 in dividends. That is 1,189% of the 2025 profit.
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VMA EXPRESS paid out €23,000 in dividends. That is 1,189% of the 2025 profit.
The accounts state no turnover.
Latest accounts filed late: after the legal deadline.
In July 2024, 2,372 companies had the same profile as VMA EXPRESS has now. Each dot stands for 6 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 2,372 companies, not a prediction for VMA EXPRESS. 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.
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| Company | ||||
|---|---|---|---|---|
| VMA EXPRESS Nivelles | €336,243 | €0.9m | 26.9% | 15.9 |
| P-LOGISTIQUE Wavre | €408,443 | €0.8m | 47.2% | 15 |
| BELCOTRANS Zulte | €424,750 | €1.0m | 53.2% | 17.2 |
| FURNITURE TRANSPORT Middelkerke | €543,574 | €1.0m | 22.9% | 16.9 |
| Esbeld Trans Roeselare | €345,588 | €1.0m | 60.3% | 16.7 |
| B.V. COMPANY Brussels | €567,747 | €0.8m | 6.9% | 12.2 |
| Tous Services Personnalisés CoBra Chaumont-Gistoux | €526,210 | €0.8m | -1.1% | 9 |
These companies have the same main activity as VMA EXPRESS: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €346,000 and €568,000, founded between 2014 and 2021.
VMA EXPRESS files the abbreviated format. That format states no turnover. The gross margin rose from €41,298 in 2019 to €888,975 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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