Summary
VMS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €422,879 and a net result of €9,216. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 90% of 5587 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
3 d early
2023
on the day
2022
4 d early
2021
5 d early
2020
3 d early
2019
70 d late
← 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 8 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€422,879▼ 31.0%
2024 · €613,219
Net result
€9,216▼ 28.6%
2024 · €12,905
Total assets
€444,491▼ 29.6%
2024 · €631,452
Solvency
95.1%▼ 2.0pp
2024 · 97.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Operating result€9,113▼ 25.3%€8,984▼ 1.4%€8,158▼ 9.2%€10,848▲ 33.0%€10,189▼ 6.1%
Net result€12,700within the sector's middle half▼ 92.0%€10,656within the sector's middle half▼ 16.1%€9,742within the sector's middle half▼ 8.6%€12,905within the sector's middle half▲ 32.5%€9,216within the sector's middle half▼ 28.6%
Equity€723,916within the sector's middle half▲ 1.8%€604,572within the sector's middle half▼ 16.5%€600,314within the sector's middle half▼ 0.7%€613,219within the sector's middle half▲ 2.1%€422,879within the sector's middle half▼ 31.0%
Total assets€785,488within the sector's middle half▲ 1.0%€653,801within the sector's middle half▼ 16.8%€621,784within the sector's middle half▼ 4.9%€631,452below the sector's middle half▲ 1.6%€444,491below the sector's middle half▼ 29.6%
Debt€61,572▼ 7.9%€49,229▼ 20.0%€21,470▼ 56.4%€18,233▼ 15.1%€21,612▲ 18.5%
Working capital€468,936above the sector's middle half▲ 3.0%€349,592above the sector's middle half▼ 25.5%€345,124above the sector's middle half▼ 1.3%€358,087above the sector's middle half▲ 3.8%€167,799within the sector's middle half▼ 53.1%
Solvency92.2%above the sector's middle half▲ 0.8pp92.5%above the sector's middle half▲ 0.3pp96.5%above the sector's middle half▲ 4.1pp97.1%above the sector's middle half▲ 0.6pp95.1%above the sector's middle half▼ 2.0pp
Current ratio8.68above the sector's middle half▲ 0.878.17above the sector's middle half▼ 0.5017.29above the sector's middle half▲ 9.1221.02above the sector's middle half▲ 3.738.91above the sector's middle half▼ 12.11
Return on assets (ROA)1.6%within the sector's middle half▼ 18.8pp1.6%within the sector's middle half=1.6%within the sector's middle half▼ 0.1pp2.0%within the sector's middle half▲ 0.5pp2.1%within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €444,491
Fixed assets
€255,480 =
Current assets
€189,011 ▼ 49.7%
Equity and liabilities €444,491
Equity
€422,879 ▼ 31.0%
Debt
€21,612 ▲ 18.5%
Debt's share of the balance-sheet total rises from 2.9% to 4.9%. Equity is lower and debt is higher.
Key figures and ratios
ROE
2.2%▲
2024 · 2.1%
Debt ≤ 1 year
€21,212▲
2024 · €17,885
Income taxes
€5,827▲
2024 · €3,457
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €2,175 | €2,895 | €2,573 | €2,200 | €2,307 | ▲ 4.8% |
| Gross operating margin9900 | €11,287 | €11,879 | €10,731 | €13,048 | €12,496 | ▼ 4.2% |
| Operating profit (loss)9901 | €9,113 | €8,984 | €8,158 | €10,848 | €10,189 | ▼ 6.1% |
| Financial income75/76B | €7,952 | €8,290 | €5,365 | €5,570 | €5,715 | ▲ 2.6% |
| Recurring financial income75 | €7,952 | €8,290 | €5,365 | €5,570 | €5,715 | ▲ 2.6% |
| Financial charges65/66B | €75 | €50 | €44 | €56 | €861 | ▲ 1,438% |
| Recurring financial charges65 | €75 | €50 | €44 | €56 | €861 | ▲ 1,438% |
| Profit (loss) for the period before taxes9903 | €16,990 | €17,224 | €13,478 | €16,362 | €15,043 | ▼ 8.1% |
| Income taxes67/77 | €4,290 | €6,568 | €3,736 | €3,457 | €5,827 | ▲ 68.6% |
| Profit (loss) for the period9904 | €12,700 | €10,656 | €9,742 | €12,905 | €9,216 | ▼ 28.6% |
| Profit (loss) for the period to be appropriated9905 | €12,700 | €10,656 | €9,742 | €12,905 | €9,216 | ▼ 28.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €785,488 | €653,801 | €621,784 | €631,452 | €444,491 | ▼ 29.6% |
| Fixed assets21/28 | €255,480 | €255,480 | €255,480 | €255,480 | €255,480 | = |
| Financial fixed assets28 | €255,480 | €255,480 | €255,480 | €255,480 | €255,480 | = |
| Current assets29/58 | €530,008 | €398,321 | €366,304 | €375,972 | €189,011 | ▼ 49.7% |
| Stocks and contracts in progress3 | - | - | - | €347 | - | - |
| Stocks30/36 | - | - | - | €347 | - | - |
| Amounts receivable within one year40/41 | €529,164 | €396,306 | €361,590 | €374,840 | €183,521 | ▼ 51.0% |
| Trade receivables40 | €64,961 | €62,241 | €63,201 | €70,881 | €71,361 | ▲ 0.7% |
| Other amounts receivable41 | €464,204 | €334,065 | €298,389 | €303,959 | €112,160 | ▼ 63.1% |
| Cash at bank and in hand54/58 | €844 | €2,015 | €4,715 | €785 | €5,491 | ▲ 600% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €785,488 | €653,801 | €621,784 | €631,452 | €444,491 | ▼ 29.6% |
| Equity10/15 | €723,916 | €604,572 | €600,314 | €613,219 | €422,879 | ▼ 31.0% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Capital10 | €25,000 | - | - | - | - | - |
| Issued capital100 | €25,000 | - | - | - | - | - |
| Reserves13 | €513,455 | €394,111 | €389,853 | €402,758 | €212,418 | ▼ 47.3% |
| Non-distributable reserves130/1 | €2,500 | €2,500 | €2,500 | - | - | - |
| Legal reserve130 | €2,500 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €2,500 | €2,500 | - | - | - |
| Distributable reserves133 | €510,955 | €391,611 | €387,353 | €402,758 | €212,418 | ▼ 47.3% |
| Profit (loss) carried forward14 | €185,461 | €185,461 | €185,461 | €185,461 | €185,461 | = |
| Amounts payable17/49 | €61,572 | €49,229 | €21,470 | €18,233 | €21,612 | ▲ 18.5% |
| Amounts payable within one year42/48 | €61,072 | €48,729 | €21,180 | €17,885 | €21,212 | ▲ 18.6% |
| Trade debts44 | €34,952 | €35,518 | - | - | - | - |
| Suppliers440/4 | €34,952 | €35,518 | - | - | - | - |
| Taxes, remuneration and social security45 | €20,620 | €7,710 | €7,880 | €9,486 | €21,212 | ▲ 124% |
| Taxes450/3 | €20,620 | €7,710 | €7,880 | €6,676 | €21,212 | ▲ 218% |
| Remuneration and social security454/9 | - | - | - | €2,810 | - | - |
| Other amounts payable47/48 | €5,500 | €5,500 | €13,300 | €8,399 | - | - |
| Accrued charges and deferred income492/3 | €500 | €500 | €290 | €347 | €400 | ▲ 15.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,700 | €10,656 | €9,742 | €12,905 | €9,216 | ▼ 28.6% |
| Operating cash flow (approximation) | €12,700 | €10,656 | €9,742 | €12,905 | €9,216 | ▼ 28.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €1,171 | €2,699 | -€3,930 | €4,706 | ▲ 220% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €9,216 ▼28.6%
Net result drops to €9,216, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 17.29
Current ratio from 8.17 to 17.29; short-term debt falls from €48,729 to €21,180.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €158,866 ▲824%
Operating result €12,206, net result €158,866, both a record.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 70 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Schilde · 1 establishment unit since 2004
Ground area
1,283 m²
Building footprint
663 m²
Volume, LiDAR
4,213 m³
Parcel 11922C0081/00N003, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VMS
since 20042.145.239.627
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11922C0081/00N003 | Flanders | 1,283 m² | 1 · 663 m² | 8.5 m · 2 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
50%
-
50%
According to the 2025 annual accounts of VMS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,724 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
Founded07-01-2005
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0871063760
Registered
07-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.