VMC
ActiveSummary
VMC has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €58k and a net result of €14k. Equity is shrinking by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+3
Solvency55▼-1
Growth55▲+14
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity tight (current ratio 1.01 against 1.34 in 2023; short-term debt: 69.8% and cash: 11% of total assets), and 69.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · 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 2024Solvency, return and age of the figures
Solvency
30.2%
Return on assets
7%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €58k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-12-2025, 134 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
134 d late
2023
499 d late
2022
1 d early
2021
105 d late
2020
30 d late
2019
151 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€197k▼ 7.3%
2018 · €213k
2018: €213k
2019: €197k▼ -7.3% vs 2018
2018 → 2019
EBIT margin
10.0%▲ 10.2pp
2018 · -0.3%
2018: -0.3%
2019: 10.0%▲ +4020% vs 2018
2018 → 2019
Net result
€14k▲ 96.2%
2023 · €7k
2018: €-2k
2019: €17k▲ +844% vs 2018highest in 7 years
2020: €-8k▼ -144% vs 2019
2021: €-30k▼ -290% vs 2020lowest in 7 years
2022: €1k▲ +103% vs 2021
2023: €7k▲ +574% vs 2022
2024: €14k▲ +96.2% vs 2023
2018 → 2024
Working capital
€2k▼ 95.2%
2023 · €34k
2018: €32k
2019: €52k▲ +62.3% vs 2018highest in 7 years
2020: €47k▼ -10.8% vs 2019
2021: €30k▼ -35.7% vs 2020
2022: €34k▲ +12.4% vs 2021
2023: €34k▲ +0.7% vs 2022
2024: €2k▼ -95.2% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€66k-€37k▼ 44.9%€38k▲ 2.8%€44k▲ 18.3%€58k▲ 30.4%
2020: €66khighest in 5 years
2021: €37k▼ -44.9% vs 2020lowest in 5 years
2022: €38k▲ +2.8% vs 2021
2023: €44k▲ +18.3% vs 2022
2024: €58k▲ +30.4% vs 2023
Operating result€-7k-€-25k▼ 250%€1k€9k▲ 549%€22k▲ 147%
2020: €-7k
2021: €-25k▼ -250% vs 2020lowest in 5 years
2022: €1k▲ +106% vs 2021
2023: €9k▲ +549% vs 2022
2024: €22k▲ +147% vs 2023highest in 5 years
Net result€-8k-€-30k▼ 290%€1k€7k▲ 574%€14k▲ 96.2%
2020: €-8k
2021: €-30k▼ -290% vs 2020lowest in 5 years
2022: €1k▲ +103% vs 2021
2023: €7k▲ +574% vs 2022
2024: €14k▲ +96.2% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 147% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €192k
Fixed assets
€56k ▲ 439%
Current assets
€136k ▲ 1.6%
Equity and liabilities €192k
Equity
€58k ▲ 30.4%
Debt
€134k ▲ 34.7%
Debt's share of the balance-sheet total rises from 69.1% to 69.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32k▲
2023 · €10k
Cash flow
€23k▲
2023 · €8k
Current ratio
1.01▼
2023 · 1.34
Debt to equity
2.31▲
2023 · 2.24
ROE
23.3%▲
2023 · 15.5%
ROA
7.0%▲
2023 · 4.8%
Interest coverage
11.61▲
2023 · 10.03
Debt ≤ 1 year
€134k▲
2023 · €100k
Income taxes
€6k▲
2023 · €1k
Staff costs
€44k▲
2023 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€144k€192k▲
Fixed assets21/28€10k€56k▲
Tangible fixed assets22/27€10k€56k▲
Furniture and vehicles24€10k€56k▲
Financial fixed assets28€270€270=
Current assets29/58€134k€136k▲
Amounts receivable within one year40/41€115k€114k▼
Trade receivables40€115k€114k▼
Other amounts receivable41€5€7▲
Cash at bank and in hand54/58€18k€21k▲
Deferred charges and accrued income490/1€716€984▲
Equity and liabilities
Total equity and liabilities10/49€144k€192k▲
Equity10/15€44k€58k▲
Contributions10/11€6k€6k=
Reserves13€41k€41k=
Distributable reserves133€41k€41k=
Profit (loss) carried forward14€-2k€11k▲
Amounts payable17/49€100k€134k▲
Amounts payable within one year42/48€100k€134k▲
Trade debts44€651€703▲
Suppliers440/4€651€703▲
Taxes, remuneration and social security45€28k€31k▲
Taxes450/3€25k€24k▼
Remuneration and social security454/9€2k€8k▲
Other amounts payable47/48€71k€102k▲
Accrued charges and deferred income492/3-€29
Income statement
Code20232024
Remuneration, social security and pensions62€33k€44k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€9k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€6k
Other operating charges640/8€608€2k▲
Gross operating margin9900€44k€84k▲
Operating profit (loss)9901€9k€22k▲
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€8k€20k▲
Income taxes67/77€1k€6k▲
Profit (loss) for the period9904€7k€14k▲
Profit (loss) for the period to be appropriated9905€7k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€11k▲
Profit (loss) brought forward from the previous period14P€-9k€-2k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €32k | €52k | €33k | €44k | ▲ 31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €13k | €3k | €1k | €9k | ▲ 554% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €6k | - |
| Other operating charges640/8 | - | €369 | €881 | €608 | €2k | ▲ 269% |
| Gross operating margin9900 | €31k | €21k | €57k | €44k | €84k | ▲ 89.5% |
| Operating profit (loss)9901 | €-7k | €-25k | €1k | €9k | €22k | ▲ 147% |
| Financial income75/76B | - | €101 | - | - | - | - |
| Recurring financial income75 | - | €101 | - | - | - | - |
| Non-recurring financial income76B | - | €101 | - | - | - | - |
| Financial charges65/66B | - | €136 | €99 | €1k | €3k | ▲ 161% |
| Recurring financial charges65 | €193 | €136 | €99 | €1k | €3k | ▲ 161% |
| Profit (loss) for the period before taxes9903 | €-7k | €-25k | €1k | €8k | €20k | ▲ 145% |
| Income taxes67/77 | €262 | €5k | €274 | €1k | €6k | ▲ 448% |
| Profit (loss) for the period9904 | €-8k | €-30k | €1k | €7k | €14k | ▲ 96.2% |
| Profit (loss) for the period to be appropriated9905 | €-8k | €-30k | €1k | €7k | €14k | ▲ 96.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €116k | €76k | €94k | €144k | €192k | ▲ 33.4% |
| Fixed assets21/28 | €20k | €6k | €4k | €10k | €56k | ▲ 439% |
| Tangible fixed assets22/27 | €19k | €6k | €4k | €10k | €56k | ▲ 451% |
| Furniture and vehicles24 | - | €6k | €4k | €10k | €56k | ▲ 451% |
| Financial fixed assets28 | €270 | €270 | €270 | €270 | €270 | = |
| Current assets29/58 | €96k | €70k | €90k | €134k | €136k | ▲ 1.6% |
| Amounts receivable within one year40/41 | €80k | €40k | €68k | €115k | €114k | ▼ 0.8% |
| Trade receivables40 | - | €40k | €68k | €115k | €114k | ▼ 0.8% |
| Other amounts receivable41 | - | €29 | €51 | €5 | €7 | ▲ 48.0% |
| Cash at bank and in hand54/58 | €10k | €25k | €21k | €18k | €21k | ▲ 15.4% |
| Deferred charges and accrued income490/1 | - | €5k | €1k | €716 | €984 | ▲ 37.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €116k | €76k | €94k | €144k | €192k | ▲ 33.4% |
| Equity10/15 | €66k | €37k | €38k | €44k | €58k | ▲ 30.4% |
| Contributions10/11 | - | €47k | €47k | €6k | €6k | = |
| Reserves13 | - | - | - | €41k | €41k | = |
| Distributable reserves133 | - | - | - | €41k | €41k | = |
| Profit (loss) carried forward14 | €20k | €-10k | €-9k | €-2k | €11k | ▲ 570% |
| Amounts payable17/49 | €49k | €40k | €57k | €100k | €134k | ▲ 34.7% |
| Amounts payable within one year42/48 | €49k | €40k | €57k | €100k | €134k | ▲ 34.6% |
| Trade debts44 | €10k | €11k | €5k | €651 | €703 | ▲ 8.1% |
| Suppliers440/4 | - | €11k | €5k | €651 | €703 | ▲ 8.1% |
| Taxes, remuneration and social security45 | - | €20k | €14k | €28k | €31k | ▲ 14.2% |
| Taxes450/3 | - | €7k | €8k | €25k | €24k | ▼ 6.8% |
| Remuneration and social security454/9 | - | €14k | €6k | €2k | €8k | ▲ 264% |
| Other amounts payable47/48 | - | €9k | €38k | €71k | €102k | ▲ 42.8% |
| Accrued charges and deferred income492/3 | - | - | €27 | - | €29 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-8k | €-30k | €1k | €7k | €14k | ▲ 96.2% |
| + Depreciation and write-downs630 | €13k | €13k | €3k | €1k | €9k | ▲ 554% |
| Operating cash flow (approximation) | €6k | €-17k | €4k | €8k | €23k | ▲ 175% |
| Investment in fixed assets (approximation) | - | €0 | €-561 | €-8k | €-55k | ▼ 585% |
| Change in cash | - | €15k | €-4k | €-3k | €3k | ▲ 196% |
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
2025
12-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 134 days late
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 499 days late
2023
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
13-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 105 days late
2021
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 151 days late
2019
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
21-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 82 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Waterloo · 1 establishment unit since 2016
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.
Rue Dury (Emile) 1381410 Waterloo1 establishment unit
Rue Dury (Emile) 138, 1410 Waterloo
since 20162.257.752.402
Similar companies · same sector, comparable size
GVDC Management
BE 0790.221.089
Haacht · Eq €57,965
KS MEDIATOR
BE 1018.444.768
Schaarbeek · Eq €57,970
TANGETEC
BE 1009.488.797
Bütgenbach · Eq €57,970
DECISION LAB
BE 0769.530.296
Liège · Eq €57,953
BELGIAN SPORT ADVICE
BE 0698.935.280
Héron · Eq €57,949
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 38,833 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
Founded01-09-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
82100Office administrative and support services
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.