VMS HOLDING

Active

Public limited companyfounded 20206 yrs activeKolonel Dusartplein 20, 3500 Hasselt, BelgiumKBO/BCE: BE 0753.655.356

VMS HOLDING has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €315k and a net result of €1.17M. Equity is growing by ~71.8% per year across the filed fiscal years. Its solvency ranks better than 17% of 4501 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2025

43 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability34▼-1

Solvency28▼-10

Growth78=

Track record100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €13k at 30 days only on tighter terms

Liquidity tight (current ratio 1.03 against 1.15 in 2024; short-term debt: 96.8% and cash: 1.1% of total assets), and 96.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

3.2%

Return on assets

11.8%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 4501 sector peers (2025).

NBB · sector comparison

Position among 4501 sector peers

Solvency

better than 17%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

23 d early

2024

17 d early

2023

20 d early

2022

18 d early

2021

17 d early

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

16-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Source amounts without an identifiable currency are assumed to be EUR.

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€1.17M▼ 5.1%

2024 · €1.23M

2021: €-47k 2022: €-6k 2023: €-11k 2024: €1.23M

2021 → 2025

Working capital

€303k▼ 75.8%

2024 · €1.25M

2021: €29k 2022: €27k 2023: €21k 2024: €1.25M

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€53k-€47k▼ 11.3%€36k▼ 22.8%€1.27M▲ 3,404%€315k▼ 75.1%

Operating result€-47k-€-6k▲ 87.4%€-11k▼ 78.9%€-4k▲ 59.3%€-3k▲ 27.2%

Net result€-47k-€-6k▲ 87.4%€-11k▼ 78.9%€1.23M€1.17M▼ 5.1%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €3k in 2025 against €4k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €9.87M

99.9%

Fixed assets €12k▼ 6.2%

Current assets €9.85M▲ 5.2%

Equity and liabilities €9.87M

96.8%

Equity €315k▼ 75.1%

Debt €9.55M▲ 17.7%

The debt ratio rises from 86.5% to 96.8%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-2k▼

2024 · €-2k

Cash flow

€1.17M▼

2024 · €1.23M

Solvency

3.2%▼

2024 · 13.5%

Current ratio

1.03▼

2024 · 1.15

Quick ratio

1.03▼

2024 · 1.15

Debt / equity

30.33▲

2024 · 6.41

ROE

370.5%▲

2024 · 97.1%

ROA

11.8%▼

2024 · 13.1%

Interest coverage

-0.01▼

2024 · 0.00

Debt

€9.55M▲

2024 · €8.12M

Debt ≤ 1 year

€9.55M▲

2024 · €8.12M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€9.38M€9.87M▲

Fixed assets21/28€13k€12k▼

Tangible fixed assets22/27€795-

Plant, machinery and equipment23€795-

Financial fixed assets28€12k€12k=

Current assets29/58€9.37M€9.85M▲

Amounts receivable within one year40/41€9.36M€9.75M▲

Other amounts receivable41€9.36M€9.75M▲

Cash at bank and in hand54/58€5k€104k▲

Equity and liabilities

Total equity and liabilities10/49€9.38M€9.87M▲

Equity10/15€1.27M€315k▼

Contributions10/11€100k€100k=

Capital10€100k€100k=

Issued capital100€100k€100k=

Reserves13€10k€10k=

Non-distributable reserves130/1€10k€10k=

Legal reserve130€10k€10k=

Profit (loss) carried forward14€1.16M€205k▼

Amounts payable17/49€8.12M€9.55M▲

Amounts payable within one year42/48€8.12M€9.55M▲

Current portion of amounts payable after more than one year42€5.51M€5.27M▼

Trade debts44€2k€998▼

Suppliers440/4€2k€998▼

Taxes, remuneration and social security45-€318k

Taxes450/3-€318k

Other amounts payable47/48€2.60M€3.96M▲

Accrued charges and deferred income492/3€85-

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€795▼

Other operating charges640/8€1k€1k▲

Gross operating margin9900€-579€-1k▼

Operating profit (loss)9901€-4k€-3k▲

Financial income75/76B€1.59M€1.49M▼

Recurring financial income75€1.59M€1.49M▼

Financial charges65/66B€361k€316k▼

Recurring financial charges65€361k€316k▼

Profit (loss) for the period before taxes9903€1.23M€1.17M▼

Profit (loss) for the period9904€1.23M€1.17M▼

Profit (loss) for the period to be appropriated9905€1.23M€1.17M▼

Appropriation of the result

Profit (loss) to be appropriated9906€1.17M€2.32M▲

Profit (loss) brought forward from the previous period14P€-64k€1.16M▲

Transfer to equity691/2€10k-

To the legal reserve6920€10k-

Profit to be distributed694/7-€2.12M

Return on contributions (dividend)694-€2.12M

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

08-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

14-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Back to profitnet €1.23M

Net result €1.23M after 3 loss-making years.

31-12

Financial Equity above €1MEq €1.27M ▲3404%

Equity rises from €36k to €1.27M.

11-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

13-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

14-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Hasselt · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Kolonel Dusartplein 203500 Hasselt

Ground area

789 m²

Building footprint

257 m²

Volume, LiDAR

3,851 m³

Parcel 71022H0530/00R003, Flanders · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

VMS HOLDING

Kolonel Dusartplein 20, 3500 HasseltActivities of holding companies

since 20202.307.870.817

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71022H0530/00R003	Flanders	789 m²	1 · 257 m²	17.6 m · 5 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Sint-Genesius-Rode · Eq €315k

Of 9,696 companies in sector 68121 we hold annual accounts for 7,378. 5,122 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded03-09-2020

Fiscal year end31-12

Activities, NACEBEL

68121Development of residential building projects

68122Development of non-residential building projects

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.