VS Manco
ActiveSummary
VS Manco has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €463,819 and a net result of €81,206. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 70% of 7201 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
What they do
Public relations and communication consultancy
NACE 73300NACE 70210
1 site
How big
€622,760total assets 2025
- Equity
- €463,819
- Profit
- €81,206
Turnover not published (abridged schema)
Who decides
- Holdings
- 1
Accounts 87 d early0 of 6 deeds read
Why 78- Higher-failure-rate region- Limited track record+ Annual accounts: healthy financial profile+ Growing equityLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+38
Solvency99▲+24
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.56 against 0.65 in 2024; short-term debt: 21.8% and cash: 3.9% of total assets), and 25.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
74.5%
Return on assets
13%
Age of the figures
9 mo
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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €463,819
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 05-05-2026, 87 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
87 d early
2024
59 d early
2023
57 d early
2022
82 d early
2021
40 d early
2020
1 d early
2019
32 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 51 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 2 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Financials
Fiscal year 2025Total assets €622,760Profit €81,206Solvency 74.5%Liquidity 0.56
Turnover
€230▼ 96.6%
2019 - 2020
Net result
€81,206▲ 185%
2019 - 2025
Equity
€463,819▲ 21.2%
2019 - 2025
Solvency
74.5%▲ 24.9pp
2019 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€2,978▼ 124%-€5,293▼ 77.7%€468,432€53,059▼ 88.7%€117,109▲ 121%
Net result-€3,028below the sector's middle half▼ 119%-€5,421below the sector's middle half▼ 79.0%€345,585above the sector's middle half€28,471within the sector's middle half▼ 91.8%€81,206above the sector's middle half▲ 185%
EBIT margin
Equity€1,578below the sector's middle half▼ 65.7%€8,557below the sector's middle half▲ 442%€354,142above the sector's middle half▲ 4,039%€382,613above the sector's middle half▲ 8.0%€463,819above the sector's middle half▲ 21.2%
Total assets€1,578below the sector's middle half▼ 65.8%€12,737below the sector's middle half▲ 707%€488,764above the sector's middle half▲ 3,737%€771,576above the sector's middle half▲ 57.9%€622,760above the sector's middle half▼ 19.3%
Debt€4,180€134,623▲ 3,121%€388,963▲ 189%€158,942▼ 59.1%
Working capital€8,550within the sector's middle half€354,142above the sector's middle half▲ 4,042%-€135,787below the sector's middle half-€59,614below the sector's middle half▲ 56.1%
Solvency67.2%within the sector's middle half72.5%within the sector's middle half▲ 5.3pp49.6%within the sector's middle half▼ 22.9pp74.5%within the sector's middle half▲ 24.9pp
Current ratio3.05within the sector's middle half3.63within the sector's middle half▲ 0.580.65below the sector's middle half▼ 2.980.56below the sector's middle half▼ 0.09
Return on assets (ROA)-42.6%below the sector's middle half70.7%above the sector's middle half▲ 113.3pp3.7%within the sector's middle half▼ 67.0pp13.0%within the sector's middle half▲ 9.3pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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 and balance sheet
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 121% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €622,760
Fixed assets
€546,583 ▲ 5.4%
Current assets
€76,178 ▼ 69.9%
Equity and liabilities €622,760
Equity
€463,819 ▲ 21.2%
Debt
€158,942 ▼ 59.1%
Debt's share of the balance-sheet total falls from 50.4% to 25.5%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€117,472
Cash flow
€81,569
Debt to equity
0.34▼
2024 · 1.02
ROE
17.5%▲
2024 · 7.4%
Interest coverage
15.21
Debt ≤ 1 year
€135,792▼
2024 · €388,963
Debt > 1 year
€23,150
Income taxes
€29,823▲
2024 · €11,768
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €946 | €336 | €7 | - | €364 | - |
| Other operating charges640/8 | €428 | €368 | €384 | €387 | €1,184 | ▲ 206% |
| Non-recurring operating charges66A | - | - | - | €2,610 | - | - |
| Gross operating margin9900 | -€1,605 | -€4,589 | €468,824 | €56,056 | €118,657 | ▲ 112% |
| Operating profit (loss)9901 | -€2,978 | -€5,293 | €468,432 | €53,059 | €117,109 | ▲ 121% |
| Financial income75/76B | - | - | €110 | €3,799 | €1,642 | ▼ 56.8% |
| Recurring financial income75 | - | - | €110 | €3,799 | €1,642 | ▼ 56.8% |
| Financial charges65/66B | €50 | €129 | €775 | €16,619 | €7,723 | ▼ 53.5% |
| Recurring financial charges65 | €50 | €129 | €775 | €16,619 | €7,723 | ▼ 53.5% |
| Profit (loss) for the period before taxes9903 | -€3,028 | -€5,421 | €467,768 | €40,239 | €111,028 | ▲ 176% |
| Income taxes67/77 | - | - | €122,183 | €11,768 | €29,823 | ▲ 153% |
| Profit (loss) for the period9904 | -€3,028 | -€5,421 | €345,585 | €28,471 | €81,206 | ▲ 185% |
| Profit (loss) for the period to be appropriated9905 | -€3,028 | -€5,421 | €345,585 | €28,471 | €81,206 | ▲ 185% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1,578 | €12,737 | €488,764 | €771,576 | €622,760 | ▼ 19.3% |
| Fixed assets21/28 | €343 | €7 | - | €518,400 | €546,583 | ▲ 5.4% |
| Tangible fixed assets22/27 | €343 | €7 | - | - | €28,183 | - |
| Plant, machinery and equipment23 | €343 | €7 | - | - | - | - |
| Leasing and similar rights25 | - | - | - | - | €28,183 | - |
| Financial fixed assets28 | - | - | - | €518,400 | €518,400 | = |
| Current assets29/58 | €1,235 | €12,730 | €488,764 | €253,176 | €76,178 | ▼ 69.9% |
| Amounts receivable within one year40/41 | - | - | €487,887 | €198,668 | €51,136 | ▼ 74.3% |
| Trade receivables40 | - | - | €483,112 | €177,870 | €10,500 | ▼ 94.1% |
| Other amounts receivable41 | - | - | €4,775 | €20,798 | €40,636 | ▲ 95.4% |
| Cash at bank and in hand54/58 | €1,235 | €12,730 | €377 | €54,007 | €24,287 | ▼ 55.0% |
| Deferred charges and accrued income490/1 | - | - | €500 | €500 | €755 | ▲ 50.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1,578 | €12,737 | €488,764 | €771,576 | €622,760 | ▼ 19.3% |
| Equity10/15 | €1,578 | €8,557 | €354,142 | €382,613 | €463,819 | ▲ 21.2% |
| Contributions10/11 | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€4,622 | -€10,043 | €335,542 | €364,013 | €445,219 | ▲ 22.3% |
| Amounts payable17/49 | - | €4,180 | €134,623 | €388,963 | €158,942 | ▼ 59.1% |
| Amounts payable after more than one year17 | - | - | - | - | €23,150 | - |
| Financial debts170/4 | - | - | - | - | €23,150 | - |
| Amounts payable within one year42/48 | - | €4,180 | €134,623 | €388,963 | €135,792 | ▼ 65.1% |
| Trade debts44 | - | €1,180 | - | €800 | €1,247 | ▲ 55.8% |
| Suppliers440/4 | - | €1,180 | - | €800 | €1,247 | ▲ 55.8% |
| Taxes, remuneration and social security45 | - | - | €134,623 | €138,695 | €53,234 | ▼ 61.6% |
| Taxes450/3 | - | - | €134,623 | €138,695 | €53,234 | ▼ 61.6% |
| Other amounts payable47/48 | - | €3,000 | - | €249,468 | €81,311 | ▼ 67.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,028 | -€5,421 | €345,585 | €28,471 | €81,206 | ▲ 185% |
| + Depreciation and write-downs630 | €946 | €336 | €7 | - | €364 | - |
| Operating cash flow (approximation) | -€2,083 | -€5,085 | €345,591 | €28,471 | €81,569 | ▲ 186% |
| Investment in fixed assets (approximation) | - | €0 | - | - | -€28,546 | - |
| Change in cash | - | €11,494 | -€12,353 | €53,630 | -€29,721 | ▼ 155% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
POLENTA GROUP
BE 0542.622.354
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Maric Invest
BE 0597.746.068
Deinze · Eq €464,344
AFI SERVICES
BE 0534.576.205
Grâce-Hollogne · Eq €463,026
PROSPERO & PARTNERS
BE 0842.257.730
Antwerpen · Eq €464,654
EPIPHANY CONSULTING
BE 0880.238.871
Overijse · Eq €462,355
Of 13,405 companies in this sector we hold annual accounts for 6,906. 4,259 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
1 holding
Directors
Directors
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
37.06%
According to the 2025 annual accounts of VS Manco 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 directors read yet: 0 of 6 Gazette acts processed.
Timeline
10 eventsLatest 05-05-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €345,585
Net result €345,585 after 4 loss-making years.
31-12
Financial
Equity above €200,000Eq €354,142 ▲4,039%
Equity rises from €8,557 to €354,142.
10-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€5,421
Net result drops to -€5,421, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
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 6 acts read
About the unread acts
We know of 6 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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Company details
Private limited company · founded 06-07-2018Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded06-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
74991Agents and managers of artists, athletes and other public figures
82990Other business support services
90120Visual arts creation
90399Other support activities for arts and performing arts
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0699689209
Registered
26-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Rixensart · 1 establishment unit since 2018
Ground area
1,054 m²
Building footprint
133 m²
Parcel 25091B0013/00H006, Wallonia. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
VS Manco
since 2018unit no. 2.277.562.869
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091B0013/00H006 | Wallonia | 1,054 m² | 1 · 133 m² | - |
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.
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