Equity
€1.4m ▲ 21.4%
VMCS has made a profit without a break since 2018.
VMCS
Lifetime
17 annual accounts with figures on one time axispeak €500,964 (2024)
€410,112▼ 18.1%
lowest -€342 (2017)
€248,407▼ 18.9%
peak €1.4m (2025)
€1.4m▲ 21.4%
€156,614▼ 34.5%
Board1 name since 2021
1 directorVANROBAEYS CHRISTOPH
Documentsfilings and deeds
27-05-202627 days late
2025abbreviated format
Gross margin from €500,964 to €410,112General meeting · Director reappointment 30-07Equity from €1.2m to €1.4mDebts from €239,215 to €156,614Cash from €958,635 to €434,616
Key points
from the 2025 annual accountsChecked score
96
Excellent
Financially stronger than 72% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025highest value
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 7.67, cash €434,616, halved
Size: total assets €1.6m
Equity €1.4m (90.0% of total assets)
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 77% on liquidity, 58% on profitability and 68% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as VMCS has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of VMCS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 17,811 companies, not a prediction for VMCS. 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.
Credit verdict
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.67 (4.16 in 2024), above the usual 1.5. Short-term debt is 10% and cash 27.7% of total assets. 10% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-05-2026, 27 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
27 days late
2024
on the day
2023
1 day early
2022
on the day
2021
25 days late
2020
on the day
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 7 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0894621397
General meeting · Director reappointment
Gazette deed
First establishment
Schardouwstraat 18, Izegem
Incorporation
published on 14-01-2008 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VMCS Izegem | €1.6m | €410,112 | 90.0% | - |
| EMMACA Knokke-Heist | €1.6m | €436,922 | 97.4% | - |
| XILION Moorslede | €1.7m | €342,425 | 92.9% | - |
| VANWELDEN MANAGEMENT Wielsbeke | €1.9m | €446,366 | 85.3% | - |
| VERARTCO Herent | €1.7m | €457,676 | 74.7% | 3 |
| ARTA INVEST Ronse | €1.8m | €405,689 | 54.8% | - |
| KATRIEN VORLAT- ADVOCAAT BIJ DE BALIE VAN BRUSSEL Buggenhout | €1.6m | €389,238 | 96.8% | - |
These companies have the same main activity as VMCS: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €1.6m and €1.9m, founded between 2004 and 2010.
Official details
Source: KBO- Status
- Active since 31-12-2007Normal situation
- Activity
- Activities of head officesNACE 70100and 1 other
- Establishment unit
- 2.168.778.3598870 Izegem, since 31-01-2008
- Financial year end
- 30 September
- Peppol
- Reachable since 19-11-2025
Insights on VMCS
VMCS files the abbreviated format. That format states no turnover. The gross margin rose from €170,452 in 2009 to €410,112 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.
Key facts about VMCS
- What is the company number of VMCS?
- The company number of VMCS is 0894.621.397. The VAT number is the same number with BE in front: BE 0894.621.397.
- Where is VMCS based?
- The registered office is at Schardouwstraat 18, 8870 Izegem.Company details
- What does VMCS do?
- According to the KBO register, the main activity is activities of head offices (NACE 70100).
- What is the legal form of VMCS?
- VMCS is a private limited company (pre-2019) (BVBA).
- When was VMCS founded?
- VMCS was founded on 31-12-2007.
- Is VMCS still active?
- Yes, VMCS is an active enterprise in the KBO register.
- What is the turnover of VMCS?
- The turnover in financial year 2025 is ≈ €650,000. This figure is estimated from the gross margin of €410,112 and 78 comparable companies (NACE 70). It probably lies between €490,000 and €1.2m.Financials
- Is VMCS profitable?
- In financial year 2025, VMCS made a profit of €248,407.
- Where can I find the annual accounts of VMCS?
- VMCS filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VMCS due?
- VMCS must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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