VMCT
ActiveSummary
VMCT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €78,372 and a net result of -€77,755. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 26% of 526 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability5▼-71
Solvency36▼-19
Growth38▼-30
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.81 against 0.76 in 2023; short-term debt: 75.1% and cash: 6.9% of total assets), and 88.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more 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
11.3%
Return on assets
-11.2%
Age of the figures
21 mo
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
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 31-12-2025, 153 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
153 d late
2023
166 d late
2022
70 d late
2021
52 d late
2020
114 d late
2019
223 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 130 days after 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 (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€1.1m▲ 10.6%
2021 · €952,700
EBIT margin
-2.0%▼ 5.5pp
2021 · 3.5%
Net result
-€77,755
2023 · €30,203
Working capital
-€97,406▼ 62.5%
2023 · -€59,925
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing activities, 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
Line20202021202220232024
Turnover€906,618▼ 1.4%€952,700▲ 5.1%€1.1m▲ 10.6%
Operating result€3,584▼ 57.7%€33,403▲ 832%-€20,863€69,439-€70,036
Net result€24,711within the sector's middle half€23,053within the sector's middle half▼ 6.7%-€23,073below the sector's middle half€30,203within the sector's middle half-€77,755below the sector's middle half
EBIT margin0.4%▼ 0.5pp3.5%▲ 3.1pp-2.0%▼ 5.5pp
Equity€125,943within the sector's middle half▲ 24.4%€148,996within the sector's middle half▲ 18.3%€125,923within the sector's middle half▼ 15.5%€156,126within the sector's middle half▲ 24.0%€78,372below the sector's middle half▼ 49.8%
Total assets€601,808within the sector's middle half▼ 3.2%€481,454within the sector's middle half▼ 20.0%€617,044within the sector's middle half▲ 28.2%€518,498below the sector's middle half▼ 16.0%€695,811within the sector's middle half▲ 34.2%
Debt€475,865▼ 8.6%€332,458▼ 30.1%€491,121▲ 47.7%€362,372▼ 26.2%€617,439▲ 70.4%
Working capital€25,331within the sector's middle half▼ 42.8%€73,858within the sector's middle half▲ 192%-€25,545within the sector's middle half-€59,925within the sector's middle half▼ 135%-€97,406within the sector's middle half▼ 62.5%
Solvency20.9%within the sector's middle half▲ 4.6pp30.9%within the sector's middle half▲ 10.0pp20.4%within the sector's middle half▼ 10.5pp30.1%within the sector's middle half▲ 9.7pp11.3%within the sector's middle half▼ 18.8pp
Current ratio1.06within the sector's middle half▼ 0.051.29within the sector's middle half▲ 0.220.94within the sector's middle half▼ 0.350.76within the sector's middle half▼ 0.180.81within the sector's middle half▲ 0.05
Return on assets (ROA)4.1%within the sector's middle half▲ 6.6pp4.8%within the sector's middle half▲ 0.7pp-3.7%below the sector's middle half▼ 8.5pp5.8%within the sector's middle half▲ 9.6pp-11.2%below the sector's middle half▼ 17.0pp
Staff (FTE)1.3below the sector's middle half=4within the sector's middle half▲ 208%4within the sector's middle half=3.1within the sector's middle half▼ 22.5%
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €70,036 after €69,439 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €695,811
Fixed assets
€270,706 ▼ 17.5%
Current assets
€425,105 ▲ 123%
Equity and liabilities €695,811
Equity
€78,372 ▼ 49.8%
Debt
€617,439 ▲ 70.4%
Debt's share of the balance-sheet total rises from 69.9% to 88.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€9,412▼
2023 · €136,535
Cash flow
-€17,131▼
2023 · €97,299
Quick ratio
0.81▲
2023 · 0.76
Debt to equity
7.88▲
2023 · 2.32
ROE
-99.2%▼
2023 · 19.3%
Interest coverage
-1.21▼
2023 · 14.55
Debt ≤ 1 year
€522,511▲
2023 · €250,206
Debt > 1 year
€74,928▼
2023 · €112,163
Staff costs
€110,513▼
2023 · €139,978
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 180 companies that looked in July 2024 the way this one looks now, 5.6% went bankrupt within 24 months and 91% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
5.6%
went bankrupt
2.8%
stopped otherwise
91%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 180 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €906,618 | €952,700 | €1.1m | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €773,515 | €929,491 | - | - | - |
| Remuneration, social security and pensions62 | - | €106,711 | €116,683 | €139,978 | €110,513 | ▼ 21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,315 | €34,501 | €25,853 | €67,096 | €60,624 | ▼ 9.6% |
| Other operating charges640/8 | - | €4,569 | €2,960 | €11,467 | €22,172 | ▲ 93.4% |
| Gross operating margin9900 | €140,943 | €179,185 | €124,634 | €287,980 | €123,273 | ▼ 57.2% |
| Operating profit (loss)9901 | €3,584 | €33,403 | -€20,863 | €69,439 | -€70,036 | ▼ 201% |
| Financial income75/76B | - | €122 | €20 | €2 | €70 | ▲ 3,400% |
| Recurring financial income75 | €8,614 | €122 | €20 | €2 | €70 | ▲ 3,400% |
| Non-recurring financial income76B | - | €122 | €20 | - | - | - |
| Financial charges65/66B | - | €2,772 | €2,230 | €9,386 | €7,789 | ▼ 17.0% |
| Recurring financial charges65 | €4,140 | €2,405 | €1,715 | €9,386 | €7,766 | ▼ 17.3% |
| Non-recurring financial charges66B | - | €367 | €515 | - | €23 | - |
| Profit (loss) for the period before taxes9903 | €24,711 | €30,753 | -€23,073 | €60,055 | -€77,755 | ▼ 229% |
| Income taxes67/77 | - | €7,700 | - | €29,852 | - | - |
| Profit (loss) for the period9904 | €24,711 | €23,053 | -€23,073 | €30,203 | -€77,755 | ▼ 357% |
| Profit (loss) for the period to be appropriated9905 | €24,711 | €23,053 | -€23,073 | €30,203 | -€77,755 | ▼ 357% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €601,808 | €481,454 | €617,044 | €518,498 | €695,811 | ▲ 34.2% |
| Fixed assets21/28 | €175,614 | €150,029 | €214,326 | €328,217 | €270,706 | ▼ 17.5% |
| Tangible fixed assets22/27 | €172,508 | €146,923 | €211,220 | €322,761 | €265,250 | ▼ 17.8% |
| Plant, machinery and equipment23 | - | €78,974 | €64,046 | €49,119 | €48,273 | ▼ 1.7% |
| Furniture and vehicles24 | - | €5,441 | €93,052 | €207,941 | €159,358 | ▼ 23.4% |
| Other tangible fixed assets26 | - | €62,508 | €54,121 | €65,701 | €57,619 | ▼ 12.3% |
| Financial fixed assets28 | €3,106 | €3,106 | €3,106 | €5,456 | €5,456 | = |
| Current assets29/58 | €426,195 | €331,425 | €402,719 | €190,281 | €425,105 | ▲ 123% |
| Stocks and contracts in progress3 | €260 | €435 | €965 | €1,015 | €1,015 | = |
| Stocks30/36 | - | €435 | €965 | €1,015 | €1,015 | = |
| Amounts receivable within one year40/41 | €368,172 | €266,293 | €312,830 | €125,685 | €369,873 | ▲ 194% |
| Trade receivables40 | - | €266,293 | €308,751 | €119,151 | €363,170 | ▲ 205% |
| Other amounts receivable41 | - | - | €4,078 | €6,534 | €6,703 | ▲ 2.6% |
| Cash at bank and in hand54/58 | €4,681 | €10,519 | €32,659 | €51,928 | €48,281 | ▼ 7.0% |
| Deferred charges and accrued income490/1 | - | €54,178 | €56,265 | €11,653 | €5,936 | ▼ 49.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €601,808 | €481,454 | €617,044 | €518,498 | €695,811 | ▲ 34.2% |
| Equity10/15 | €125,943 | €148,996 | €125,923 | €156,126 | €78,372 | ▼ 49.8% |
| Contributions10/11 | €69,000 | €69,000 | €69,000 | €69,000 | - | - |
| Capital10 | - | €69,000 | €69,000 | - | - | - |
| Issued capital100 | - | €69,000 | €69,000 | - | - | - |
| Reserves13 | €6,900 | €6,900 | €6,900 | €6,900 | €75,900 | ▲ 1,000% |
| Non-distributable reserves130/1 | - | €6,900 | €6,900 | €6,900 | - | - |
| Legal reserve130 | - | €6,900 | €6,900 | - | - | - |
| Other1319 | - | - | - | €6,900 | - | - |
| Tax-exempt reserves132 | - | - | - | - | €75,900 | - |
| Profit (loss) carried forward14 | €50,043 | €73,096 | €50,023 | €80,226 | €2,472 | ▼ 96.9% |
| Amounts payable17/49 | €475,865 | €332,458 | €491,121 | €362,372 | €617,439 | ▲ 70.4% |
| Amounts payable after more than one year17 | €61,892 | €61,892 | €49,858 | €112,163 | €74,928 | ▼ 33.2% |
| Financial debts170/4 | - | €61,892 | €49,858 | €112,163 | €74,928 | ▼ 33.2% |
| Amounts payable within one year42/48 | €400,863 | €257,566 | €428,263 | €250,206 | €522,511 | ▲ 109% |
| Current portion of amounts payable after more than one year42 | - | €100 | €20,042 | €49,835 | €37,235 | ▼ 25.3% |
| Trade debts44 | €153,982 | €126,929 | €252,085 | €137,046 | €251,677 | ▲ 83.6% |
| Suppliers440/4 | - | €126,929 | €252,085 | €137,046 | €251,677 | ▲ 83.6% |
| Advances received on contracts in progress46 | - | - | - | €10,234 | €21,954 | ▲ 115% |
| Taxes, remuneration and social security45 | - | €91,627 | €117,226 | €44,863 | €27,527 | ▼ 38.6% |
| Taxes450/3 | - | €37,020 | €23,896 | €39,346 | €16,972 | ▼ 56.9% |
| Remuneration and social security454/9 | - | €54,606 | €93,330 | €5,517 | €10,555 | ▲ 91.3% |
| Other amounts payable47/48 | - | €38,910 | €38,910 | €8,228 | €184,118 | ▲ 2,138% |
| Accrued charges and deferred income492/3 | - | €13,000 | €13,000 | €3 | €20,000 | ▲ 666,567% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,711 | €23,053 | -€23,073 | €30,203 | -€77,755 | ▼ 357% |
| + Depreciation and write-downs630 | €37,315 | €34,501 | €25,853 | €67,096 | €60,624 | ▼ 9.6% |
| Operating cash flow (approximation) | €62,026 | €57,554 | €2,781 | €97,299 | -€17,131 | ▼ 118% |
| Investment in fixed assets (approximation) | - | -€8,917 | -€90,150 | -€180,987 | -€3,113 | ▲ 98.3% |
| Change in cash | - | €5,838 | €22,140 | €19,269 | -€3,647 | ▼ 119% |
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
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 153 days late
13-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 166 days late
2024
31-12
Financial
Weakest financial yearnet -€77,755
Net result drops to -€77,755, the lowest in the series.
2023
31-12
Financial
Back to profitnet €30,203
Net result €30,203 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €156,126 ▲24%
Equity rises from €125,923 to €156,126.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 70 days late
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 52 days late
2021
22-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 114 days late
11-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 223 days late
2020
31-12
Financial
Back to profitnet €24,711
Net result €24,711 after one loss-making year.
2019
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 85 days late
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 211 days late
2017
04-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 126 days late
2016
03-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 95 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, La Louvière · 2 establishment units since 2007
Ground area
1,109 m²
Building footprint
115 m²
Volume, LiDAR
1,125 m³
2 parcels, Wallonia · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
VMCT
since 20072.160.920.567
Rue du Rieu de Baume(L.L) 413, 7100 La Louvière
since 20082.171.600.762
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55373B0274/00V013 | Wallonia | 637 m² | 1 · 53 m² | 11.2 m · 3 fl. |
| 56033A0645/00P004 | Wallonia | 472 m² | 1 · 61 m² | 13.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 666 companies in sector 77320 we hold annual accounts for 491. 318 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
Founded18-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
77320Rental and leasing activities
43120Site preparation
Contact
Phone
0496/939510La Louvière
E-invoicing
Reachable via Peppol
Peppol ID
0208:0886542881
Also
9925:BE0886542881
Registered
05-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.