Financials
- Fiscal year
- 2025
- Turnover
- €11.4m
- Loss
- -€3.3m
- Solvency
- 34.3%
Turnover▼ 29.6%
Net result
20192025
VMware Belgium
ActiveSummary
The computed 12-month bankruptcy probability of VMware Belgium is 2.5% (moderate). The annual accounts of VMware Belgium for fiscal year 2025 show a net loss of 59% of the equity at the start of that year. The 2025 annual accounts show equity of €2.3m and a net result of -€3.3m. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 43% of 758 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Public relations and communication consultancy
NACE 73300Wholesale of information and communication equipment NACE 46500NACE 46510
1 site
How big
€11.4mturnover 2025
- Staff
- 25.8 FTE
- Equity
- €2.3m
- Loss
- -€3.3m
Who decides
- Parent
- VMware International Unlimited Company · 99.99%
- Holdings
- 1
Auditor: BV PwC BedrijfsrevisorenAccounts 40 d early3 of 14 deeds read
Why 51- Loss of €3.3m (FY 2025)- Liquidity: current ratio 1.63- 2 of the last 3 late+ Sector Advertising, market research and public relations activities (NACE 73)Show the evidence
Checked score
Score 2025
51
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 33% of its sector peers (NACE 73, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
59-37
equity 34.3% of total assets
Liquidity
79+41
short-term debt 27.2%
Profitability
0-73
return on assets -49.2%
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 3 months
08-2026: 2.5%highest value
09-2026: 2.5%● 0.0% vs 08-2026highest value
10-2026: 2.5%● 0.0% vs 09-2026highest value
- Loss of €3.3m (FY 2025) raises the probability
- Liquidity: current ratio 1.63 raises the probability
- 2 of the last 3 late raises the probability
- Sector Advertising, market research and public relations activities (NACE 73) lowers the probability
Credit up to €110,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.63 against 3.45 in 2024; short-term debt: 27.2% of total assets), but 65.7% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 73, small). Better than this share of them on solvency 40%, liquidity 88%, profitability 2%, growth against the median 4%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 21-04-2026, 40 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
40 d early
2024
34 d late
2024
58 d late
2023
41 d early
2022
34 d early
2021
32 d early
2020
26 d early
← 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 12 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-10-2026 close31-05-2027 deadline
- Purpose · RestructuringMerger · Accounting effect ·…
- Resignation: PwC Bedrijfsrevisoren BV (statutory auditor)Reappointment: PwC Bedrijfsrevisoren BV (statutory…
- Annual accounts filedfiscal year 2025 · full…
Key points
By topic
Board & ownership
- Largest shareholder
- VMware International Unlimited Company · 99.99%
- Known shareholders
- 100%
- Auditor
- BV PwC Bedrijfsrevisoren
Network & group
- Subsidiaries
- 1
- Mergers and contributions
- 1
1 subsidiary
Timeline
- Events
- 15
- Since
- 2018
- Next accounts
- by 31-05-2027
- 22-06-2026Purpose · Restructuring
- 05-05-2026Resignation: PwC Bedrijfsrevisoren BV (statutory auditor)
- 21-04-2026Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Public relations and communication consultancyNACE 73300
- Founded
- 01-06-2017
- Year ends
- 31-10
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 5
- Purpose
- Het aangaan van verkoopactiviteiten, verkoopsondersteuning- en marketingactiviteiten en de…
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