VS SIMPLIFY
ActiveSummary
VS SIMPLIFY has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8,060 and a net result of €11,057. Equity is shrinking by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 27% of 32629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency50▼-49
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.34 against 3.8 in 2024; short-term debt: 74.7% and cash: 19.9% of total assets), and 74.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
25.3%
Return on assets
34.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 7 filingsDeviation from the deadline
2025
27 d late
2024
20 d late
2023
8 d early
2022
28 d late
2021
46 d late
2020
153 d late
2019
68 d late
← 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 48 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 27 August (4 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
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€8,060▼ 37.0%
2024 · €12,792
Total assets
€31,813▲ 83.8%
2024 · €17,307
Net result
€11,057▲ 23.6%
2024 · €8,948
Working capital
€8,060▼ 36.2%
2024 · €12,642
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 70, Activities of head offices; management consultancy 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
Operating result-€2,253-€4,730▼ 110%-€4,199▲ 11.2%€9,580€14,563▲ 52.0%
Net result-€2,453below the sector's middle half-€7,610below the sector's middle half▼ 210%-€4,520below the sector's middle half▲ 40.6%€8,948within the sector's middle half€11,057within the sector's middle half▲ 23.6%
Equity€15,974below the sector's middle half▼ 13.3%€8,365below the sector's middle half▼ 47.6%€3,844below the sector's middle half▼ 54.0%€12,792below the sector's middle half▲ 233%€8,060below the sector's middle half▼ 37.0%
Total assets€21,774below the sector's middle half▼ 23.9%€15,979below the sector's middle half▼ 26.6%€5,499below the sector's middle half▼ 65.6%€17,307below the sector's middle half▲ 215%€31,813below the sector's middle half▲ 83.8%
Debt€5,800▼ 43.0%€7,614▲ 31.3%€1,655▼ 78.3%€4,515▲ 173%€23,753▲ 426%
Working capital€15,706within the sector's middle half▼ 14.5%€7,421within the sector's middle half▼ 52.8%€3,336within the sector's middle half▼ 55.0%€12,642within the sector's middle half▲ 279%€8,060within the sector's middle half▼ 36.2%
Solvency73.4%within the sector's middle half▲ 9.0pp52.3%within the sector's middle half▼ 21.0pp69.9%within the sector's middle half▲ 17.6pp73.9%within the sector's middle half▲ 4.0pp25.3%within the sector's middle half▼ 48.6pp
Current ratio3.71within the sector's middle half▲ 0.831.97within the sector's middle half▼ 1.733.02within the sector's middle half▲ 1.043.80within the sector's middle half▲ 0.781.34within the sector's middle half▼ 2.46
Return on assets (ROA)-11.3%below the sector's middle half▼ 23.8pp-47.6%below the sector's middle half▼ 36.4pp-82.2%below the sector's middle half▼ 34.6pp51.7%above the sector's middle half▲ 133.9pp34.8%above the sector's middle half▼ 16.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 52% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €31,813
Equity
€8,060 ▼ 37.0%
Debt
€23,753 ▲ 426%
Debt's share of the balance-sheet total rises from 26.1% to 74.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€14,713▲
2024 · €9,938
Cash flow
€11,207▲
2024 · €9,306
Debt to equity
2.95▲
2024 · 0.35
ROE
137.2%▲
2024 · 70.0%
Interest coverage
73.80▲
2024 · 52.19
Debt ≤ 1 year
€23,753▲
2024 · €4,515
Income taxes
€3,338▲
2024 · €479
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
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 bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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% | 1.8% |
| 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 6,713 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €190 | €398 | €436 | €358 | €150 | ▼ 58.1% |
| Other operating charges640/8 | €773 | €444 | €524 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | -€1,290 | -€3,888 | -€3,239 | €10,325 | €15,112 | ▲ 46.4% |
| Operating profit (loss)9901 | -€2,253 | -€4,730 | -€4,199 | €9,580 | €14,563 | ▲ 52.0% |
| Financial income75/76B | - | - | €30 | €38 | €32 | ▼ 15.7% |
| Recurring financial income75 | - | - | €30 | €38 | €32 | ▼ 15.7% |
| Financial charges65/66B | €200 | €317 | €351 | €190 | €199 | ▲ 4.7% |
| Recurring financial charges65 | €200 | €317 | €351 | €190 | €199 | ▲ 4.7% |
| Profit (loss) for the period before taxes9903 | -€2,453 | -€5,047 | -€4,520 | €9,428 | €14,395 | ▲ 52.7% |
| Income taxes67/77 | - | €2,562 | - | €479 | €3,338 | ▲ 597% |
| Profit (loss) for the period9904 | -€2,453 | -€7,610 | -€4,520 | €8,948 | €11,057 | ▲ 23.6% |
| Profit (loss) for the period to be appropriated9905 | -€2,453 | -€7,610 | -€4,520 | €8,948 | €11,057 | ▲ 23.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,774 | €15,979 | €5,499 | €17,307 | €31,813 | ▲ 83.8% |
| Fixed assets21/28 | €268 | €944 | €508 | €150 | - | - |
| Tangible fixed assets22/27 | €268 | €944 | €508 | €150 | - | - |
| Furniture and vehicles24 | €268 | €944 | €508 | €150 | - | - |
| Current assets29/58 | €21,506 | €15,035 | €4,991 | €17,157 | €31,813 | ▲ 85.4% |
| Amounts receivable within one year40/41 | €5,100 | €6,397 | €4,875 | €11,981 | €24,670 | ▲ 106% |
| Trade receivables40 | €5,100 | €6,397 | €4,875 | €6,131 | €11,299 | ▲ 84.3% |
| Other amounts receivable41 | - | - | - | €5,850 | €13,371 | ▲ 129% |
| Cash at bank and in hand54/58 | €15,202 | €8,415 | - | €4,810 | €6,315 | ▲ 31.3% |
| Deferred charges and accrued income490/1 | €1,203 | €223 | €117 | €367 | €827 | ▲ 126% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,774 | €15,979 | €5,499 | €17,307 | €31,813 | ▲ 83.8% |
| Equity10/15 | €15,974 | €8,365 | €3,844 | €12,792 | €8,060 | ▼ 37.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | €6,200 | €6,200 | €6,200 | - | - | - |
| Other1109/19 | €6,200 | €6,200 | €6,200 | - | - | - |
| Reserves13 | €432 | €432 | €432 | €6,592 | €1,860 | ▼ 71.8% |
| Non-distributable reserves130/1 | €432 | €432 | €432 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €432 | €432 | €432 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €4,732 | - | - |
| Profit (loss) carried forward14 | €9,343 | €1,733 | -€2,787 | - | - | - |
| Amounts payable17/49 | €5,800 | €7,614 | €1,655 | €4,515 | €23,753 | ▲ 426% |
| Amounts payable within one year42/48 | €5,800 | €7,614 | €1,655 | €4,515 | €23,753 | ▲ 426% |
| Financial debts43 | - | - | €2 | - | - | - |
| Credit institutions430/8 | - | - | €2 | - | - | - |
| Trade debts44 | €1,249 | €3,596 | €484 | €622 | €1,307 | ▲ 110% |
| Suppliers440/4 | €1,249 | €3,596 | €484 | €622 | €1,307 | ▲ 110% |
| Taxes, remuneration and social security45 | €4,466 | €704 | €1,077 | €3,893 | €11,393 | ▲ 193% |
| Taxes450/3 | €4,466 | €704 | €1,077 | €3,893 | €11,393 | ▲ 193% |
| Other amounts payable47/48 | €84 | €3,314 | €92 | - | €11,053 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,453 | -€7,610 | -€4,520 | €8,948 | €11,057 | ▲ 23.6% |
| + Depreciation and write-downs630 | €190 | €398 | €436 | €358 | €150 | ▼ 58.1% |
| Operating cash flow (approximation) | -€2,263 | -€7,212 | -€4,085 | €9,306 | €11,207 | ▲ 20.4% |
| Investment in fixed assets (approximation) | - | -€1,074 | €0 | €0 | - | - |
| Change in cash | - | -€6,787 | - | - | €1,505 | - |
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
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Highest result since 2019net €11,057 ▲23.6%
Operating result €14,563, net result €11,057, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Back to profitnet €8,948
Net result €8,948 after 3 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet -€7,610
Net result drops to -€7,610, the lowest in the series; recovery starts the following year.
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 2019
Ground area
1,763 m²
Building footprint
1,423 m²
Volume, LiDAR
37,174 m³
2 parcels, Brussels · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
376
companies at this address
See who is registered here
2 establishment units
VS SIMPLIFY
since 20192.286.771.931
Waterloosesteenweg 1065, 1180 Ukkel
since 20252.385.656.206
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0001/00L000 | Brussels | 1,625 m² | 1 · 1,286 m² | 33.9 m · 9 fl. |
| 21612C0289/00S006 | Brussels | 139 m² | 1 · 138 m² | 18.6 m · 5 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.
Similar companies · same sector, comparable size
JVD CONSEIL
BE 0543.782.097
Gembloux · Eq €8,060
EXEK
BE 0556.825.233
Ukkel · Eq €8,060
S.Lab
BE 0561.703.739
Chaumont-Gistoux · Eq €8,060
KANEKO
BE 0656.880.634
Mons · Eq €8,060
RUMMENS & CORNETTE
BE 0672.665.405
Oostende · Eq €8,060
Of 82,601 companies in this sector we hold annual accounts for 52,629. 20,581 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded15-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82100Office administrative and support services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0720776019
Also
9925:BE0720776019
Registered
04-11-2024
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.