VMS Group
ActiveSummary
The computed 12-month bankruptcy probability of VMS Group is 2.3% (moderate). The 2024 annual accounts show equity of €6,303 and a net result of €65,315. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 36381 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency30▲+30
Growth58=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
5%
Return on assets
51.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 36381 sector peers (2024).
NBB · sector comparisonPosition among 36381 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
61 d late
2021
31 d late
2020
on the day
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 25 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€6,303
2023 · -€59,012
Total assets
€127,115▼ 0.8%
2023 · €128,166
Net result
€65,315▲ 83.8%
2023 · €35,527
Working capital
€2,449
2023 · -€61,522
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20192020202120232024
Operating result€7,203--€11,984-€29,984▼ 150%€38,508-€67,158▲ 74.4%
Net result€1,149--€25,384below the sector's middle half-€58,814below the sector's middle half▼ 132%€35,527above the sector's middle half-€65,315above the sector's middle half▲ 83.8%
Equity€17,149--€8,235below the sector's middle half-€67,049below the sector's middle half▼ 714%-€59,012below the sector's middle half-€6,303below the sector's middle half
Total assets€140,717-€97,316within the sector's middle half▼ 30.8%€75,993within the sector's middle half▼ 21.9%€128,166within the sector's middle half-€127,115within the sector's middle half▼ 0.8%
Debt€123,568-€105,551▼ 14.6%€143,042▲ 35.5%€187,178-€120,812▼ 35.5%
Working capital€16,034--€13,828below the sector's middle half-€71,490below the sector's middle half▼ 417%-€61,522below the sector's middle half-€2,449below the sector's middle half
Solvency12.2%--8.5%below the sector's middle half▼ 20.6pp-88.2%below the sector's middle half▼ 79.8pp-46.0%below the sector's middle half-5.0%below the sector's middle half▲ 51.0pp
Current ratio1.13-0.87below the sector's middle half▼ 0.260.50below the sector's middle half▼ 0.370.67below the sector's middle half-1.02below the sector's middle half▲ 0.35
Return on assets (ROA)0.8%--26.1%below the sector's middle half▼ 26.9pp-77.4%below the sector's middle half▼ 51.3pp27.7%above the sector's middle half-51.4%above the sector's middle half▲ 23.7pp
Staff (FTE)9.2-10above the sector's middle half▲ 8.7%10.1▲ 1.0%6
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 74% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €127,115
Fixed assets
€3,854 ▲ 53.5%
Current assets
€123,261 ▼ 1.9%
Equity and liabilities €127,115
Equity
€6,303
Debt
€120,812
Debt finances 95.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€67,629▲
2023 · €39,665
Cash flow
€65,786▲
2023 · €36,684
Debt to equity
19.17▲
2023 · -3.17
Interest coverage
614.81▲
2023 · 13.31
Debt ≤ 1 year
€120,812▼
2023 · €187,178
Income taxes
€1,734
Staff costs
€338,324▼
2023 · €360,923
A ratio outside any meaningful range has been withheld (balance sheet total €127,115, equity €6,303).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 2,153 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 | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €429,227 | €360,923 | €338,324 | ▼ 6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €368 | €507 | €1,406 | €1,157 | €471 | ▼ 59.3% |
| Other operating charges640/8 | - | - | €1,613 | €1,088 | €2,299 | ▲ 111% |
| Gross operating margin9900 | €416,334 | €366,323 | €402,262 | €401,676 | €408,252 | ▲ 1.6% |
| Operating profit (loss)9901 | €7,203 | -€11,984 | -€29,984 | €38,508 | €67,158 | ▲ 74.4% |
| Financial income75/76B | - | - | €6 | - | €1 | - |
| Recurring financial income75 | - | - | €6 | - | €1 | - |
| Financial charges65/66B | - | - | €28,830 | €2,981 | €110 | ▼ 96.3% |
| Recurring financial charges65 | €5,745 | €13,400 | €28,830 | €2,981 | €110 | ▼ 96.3% |
| Profit (loss) for the period before taxes9903 | €1,458 | -€25,384 | -€58,808 | €35,527 | €67,049 | ▲ 88.7% |
| Income taxes67/77 | €309 | - | €6 | - | €1,734 | - |
| Profit (loss) for the period9904 | €1,149 | -€25,384 | -€58,814 | €35,527 | €65,315 | ▲ 83.8% |
| Profit (loss) for the period to be appropriated9905 | €1,149 | -€25,384 | -€58,814 | €35,527 | €65,315 | ▲ 83.8% |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €140,717 | €97,316 | €75,993 | €128,166 | €127,115 | ▼ 0.8% |
| Fixed assets21/28 | €1,130 | €5,593 | €4,914 | €2,510 | €3,854 | ▲ 53.5% |
| Tangible fixed assets22/27 | €1,130 | €5,593 | €4,914 | €2,510 | €3,854 | ▲ 53.5% |
| Plant, machinery and equipment23 | - | - | €1,495 | €526 | €1,885 | ▲ 258% |
| Furniture and vehicles24 | - | - | €1,450 | €15 | - | - |
| Other tangible fixed assets26 | - | - | €1,969 | €1,969 | €1,969 | = |
| Current assets29/58 | €139,587 | €91,723 | €71,079 | €125,656 | €123,261 | ▼ 1.9% |
| Amounts receivable within one year40/41 | €139,386 | €90,503 | €46,453 | €119,789 | €104,888 | ▼ 12.4% |
| Trade receivables40 | - | - | €39,853 | €110,103 | €97,759 | ▼ 11.2% |
| Other amounts receivable41 | - | - | €6,600 | €9,686 | €7,129 | ▼ 26.4% |
| Cash at bank and in hand54/58 | €201 | €1,220 | €20,097 | €5,569 | €722 | ▼ 87.0% |
| Deferred charges and accrued income490/1 | - | - | €4,529 | €298 | €17,651 | ▲ 5,823% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €140,717 | €97,316 | €75,993 | €128,166 | €127,115 | ▼ 0.8% |
| Equity10/15 | €17,149 | -€8,235 | -€67,049 | -€59,012 | €6,303 | ▲ 111% |
| Contributions10/11 | €16,000 | - | €16,000 | €16,000 | €16,000 | = |
| Profit (loss) carried forward14 | €1,149 | -€24,235 | -€83,049 | -€75,012 | -€9,697 | ▲ 87.1% |
| Amounts payable17/49 | €123,568 | €105,551 | €143,042 | €187,178 | €120,812 | ▼ 35.5% |
| Amounts payable within one year42/48 | €123,553 | €105,551 | €142,569 | €187,178 | €120,812 | ▼ 35.5% |
| Trade debts44 | €85,140 | €18,095 | €52,536 | €103,492 | €100,355 | ▼ 3.0% |
| Suppliers440/4 | - | - | €52,536 | €103,492 | €100,355 | ▼ 3.0% |
| Taxes, remuneration and social security45 | - | - | €83,649 | €71,436 | €6,333 | ▼ 91.1% |
| Remuneration and social security454/9 | - | - | €83,649 | €71,436 | €6,333 | ▼ 91.1% |
| Other amounts payable47/48 | - | - | €6,384 | €12,250 | €14,124 | ▲ 15.3% |
| Accrued charges and deferred income492/3 | - | - | €473 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,149 | -€25,384 | -€58,814 | €35,527 | €65,315 | ▲ 83.8% |
| + Depreciation and write-downs630 | €368 | €507 | €1,406 | €1,157 | €471 | ▼ 59.3% |
| Operating cash flow (approximation) | €1,517 | -€24,877 | -€57,408 | €36,684 | €65,786 | ▲ 79.3% |
| Investment in fixed assets (approximation) | - | -€4,970 | -€727 | - | -€1,815 | - |
| Change in cash | - | €1,019 | €18,877 | - | -€4,847 | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2019net €65,315 ▲83.8%
Operating result €67,158, net result €65,315, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Back to profitnet €35,527
Net result €35,527 after 2 loss-making years.
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€58,814
Net result drops to -€58,814, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro 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, Roeselare · 1 establishment unit since 2018
Ground area
890 m²
Building footprint
334 m²
Volume, LiDAR
1,989 m³
2 parcels, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IGNA VALENTIN
since 20182.282.538.771
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36010D0617/00C000 | Flanders | 473 m² | 1 · 230 m² | 10.1 m · 2 fl. |
| 36017C0839/00Z000 | Flanders | 417 m² | 1 · 104 m² | 9.2 m · 2 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 22,829 companies in sector 43211 we hold annual accounts for 10,334. 4,287 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
Founded26-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0713900994
Also
9925:BE0713900994
Registered
22-12-2025
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.