Investments
€1.6m 2.1 × depreciation
Green is investment, beige is depreciation.
VODAFONE BELGIUM
Lifetime
3 annual accounts with figures on one time axis, 48 filings since 1978Turnoverpeak €12.4m (2025)
€12.4m
Resultpeak €457,128 (2025)
€457,128
Equitypeak €4.4m (2025)
€4.4m
Debts
€4.2m
Staffpeak 17.3 FTE (2025)
17.3 FTE
Board31 names since 2003all names
3 directorsJan-Otto Rosas and 2 others
Owners3 names in the annual accounts
100%Cable and Wireless Europe Holdings Ltd. and 2 others
Documentsfilings and deeds
03-11-20253 days late
2025financial year
1 director reappointed, 1 statutory auditor reappointed 07-11No figures for the year before
Key points
from the 2025 annual accountsFilings
48 annual accounts 5 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
Public support
€4.9m awarded from 2021 to 2025
EU support, mostly Information and communication technology.
Checked score
82
Excellent
Financially stronger than 43% of small companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 721 companies (NACE 73, small).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.9%
01-2025: 1.9%● unchanged vs 12-2024
02-2025: 1.9%● unchanged vs 01-2025
03-2025: 1.9%● unchanged vs 02-2025
04-2025: 1.9%● unchanged vs 03-2025
05-2025: 1.9%● unchanged vs 04-2025
06-2025: 1.9%● unchanged vs 05-2025
07-2025: 1.9%● unchanged vs 06-2025
08-2025: 1.9%● unchanged vs 07-2025
09-2025: 1.9%● unchanged vs 08-2025
10-2025: 1.9%● unchanged vs 09-2025
11-2025: 2.1%▲ +0.2 percentage points vs 10-2025highest value
12-2025: 0.2%▼ -1.9 percentage points vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026lowest value
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.4%▲ +0.2 percentage points vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Figures for financial year 2025 (filed on 04-11-2025)
Liquidity: current ratio 1.06, cash €315,707, halved
lowers risk
Founded in 1973
Profit of €457,128 (financial year 2025)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, small). It does better than 50% of them on solvency, 26% on liquidity and 53% on profitability.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as VODAFONE BELGIUM has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VODAFONE BELGIUM itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for VODAFONE BELGIUM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €360,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.06 (1.14 in 2022), below the usual 1.5. Short-term debt is 39% and cash 3.2% of total assets. 54.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 03-11-2025, 3 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2026
not filed
2025
3 days late
2024
42 days early
2023
20 days early
2022
27 days early
2021
30 days late
2020
3 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 9 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- Cable and Wireless Europe Holdings Ltd. 100%annual accounts 31-03-2025
- Vodafone Group Plc consolidatesannual accounts 31-03-2025
- Cable and Wireless Nominee Ltd 0%annual accounts 31-03-2025
Recent changes
Resignation: CARROLL Conor (director)
Appointment: MONTEAGUDO Oscar (director) · General meeting of 23-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0413652243
1 director reappointed, 1 statutory auditor reappointed
CARROLL Conor and EY Réviseurs d'Entreprises SRL (statutory auditor) · Permanent representative: MEURICE Thomas · General meeting of 24-09-2025 · Gazette deed
Amendment of the articles
General meeting of 22-02-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| VODAFONE BELGIUM Brussels | €12.4m | 2.2% | 45.2% | 17.3 |
| Spencer Stuart Management Consultants Ixelles | €11.7m | 3.7% | 40.7% | 13.4 |
| centrum voor informatie over de media Schaerbeek | €12.9m | -2.0% | 21.5% | 8.7 |
| MERCER (BELGIUM) Auderghem | €16.6m | 30.9% | 10.6% | 44.3 |
| DIRECT SOCIAL COMMUNICATIONS Anderlecht | €5.0m | -0.8% | 59.2% | 35.9 |
| TECH-HOLDING Tournai | €8.5m | 2.5% | 34.1% | 24.8 |
| AUTOVISTA BENELUX Brussels | €6.9m | 7.6% | 3.9% | 5.8 |
Grey: the largest companies of the sector (advertising and market research (NACE 73)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as VODAFONE BELGIUM: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €4.2m and €14m, founded between 1959 and 1986.
Official details
Source: KBO- Status
- Active since 13-09-1973Normal situation
- Activity
- Market research and public opinion pollingNACE 73200and 2 others
- Establishment unit
- 2.008.699.9521000 Brussels, since 01-10-1973
- Financial year end
- 31 March
- Peppol
- Reachable since 16-12-2025
Annual accounts to 31-03-2025
- Total assets
- €9.8m
- Employeeson 31-03-2025
- 17
- Filing
- Filed on 03-11-2025
Insights on VODAFONE BELGIUM
VODAFONE BELGIUM has been active since 1973 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.4m and a net result of €457,128.
Its solvency ranks better than 51% of 845 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VODAFONE BELGIUM
- What is the company number of VODAFONE BELGIUM?
- The company number of VODAFONE BELGIUM is 0413.652.243. The VAT number is the same number with BE in front: BE 0413.652.243.
- Where is VODAFONE BELGIUM based?
- The registered office is at Archimedesstraat 25, 1000 Brussels.Company details
- What does VODAFONE BELGIUM do?
- According to the KBO register, the main activity is market research and public opinion polling (NACE 73200).
- What is the legal form of VODAFONE BELGIUM?
- VODAFONE BELGIUM is a public limited company (NV).
- When was VODAFONE BELGIUM founded?
- VODAFONE BELGIUM was founded on 13-09-1973.
- Is VODAFONE BELGIUM still active?
- Yes, VODAFONE BELGIUM is an active enterprise in the KBO register.
- How many employees does VODAFONE BELGIUM have?
- VODAFONE BELGIUM had an average of 17.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of VODAFONE BELGIUM?
- The turnover of VODAFONE BELGIUM was €12.4m in financial year 2025, according to the filed annual accounts.
- Is VODAFONE BELGIUM profitable?
- In financial year 2025, VODAFONE BELGIUM made a profit of €457,128.
- Where can I find the annual accounts of VODAFONE BELGIUM?
- VODAFONE BELGIUM filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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