VS TELECOM
ActiveSummary
The computed 12-month bankruptcy probability of VS TELECOM is 2.5% (moderate). The 2024 annual accounts show negative equity (-€394) and a net result of -€444. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 19% of 26049 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability5▼-95
Solvency13▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Age of the figures
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€394
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 41 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€394
2023 · €50
Total assets
€3,388=
2023 · €3,388
Net result
-€444
2023 · €3,300
Working capital
-€394
2023 · €50
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€1,109▲ 74.9%-€402▲ 63.7%€15,497€3,300▼ 78.7%-€444
Net result-€1,428within the sector's middle half▲ 69.2%-€538within the sector's middle half▲ 62.3%€15,356within the sector's middle half€3,300within the sector's middle half▼ 78.5%-€444within the sector's middle half
Equity-€18,068below the sector's middle half▼ 8.6%-€18,606below the sector's middle half▼ 3.0%-€3,250below the sector's middle half▲ 82.5%€50below the sector's middle half-€394below the sector's middle half
Total assets€4,545below the sector's middle half▲ 11.6%€4,410below the sector's middle half▼ 3.0%€15,919below the sector's middle half▲ 261%€3,388below the sector's middle half▼ 78.7%€3,388below the sector's middle half=
Debt€22,613▲ 9.2%€23,016▲ 1.8%€19,169▼ 16.7%€3,338▼ 82.6%€3,782▲ 13.3%
Working capital-€18,068below the sector's middle half▼ 8.6%-€18,606below the sector's middle half▼ 3.0%-€3,250within the sector's middle half▲ 82.5%€50within the sector's middle half-€394within the sector's middle half
Solvency-20.4%below the sector's middle half
Current ratio0.83below the sector's middle half
Return on assets (ROA)96.5%above the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €444 after €3,300 in 2023.
Key figures and ratios
Debt ≤ 1 year
€3,782▲
2023 · €3,338
Ratios withheld: a balance sheet total of €3,388 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,940 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €348 | €348 | - | €387 | - |
| Gross operating margin9900 | -€761 | -€55 | €15,845 | €3,300 | -€57 | ▼ 102% |
| Operating profit (loss)9901 | -€1,109 | -€402 | €15,497 | €3,300 | -€444 | ▼ 113% |
| Financial charges65/66B | - | €135 | €141 | €0 | - | - |
| Recurring financial charges65 | €320 | €135 | €141 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | -€1,428 | -€538 | €15,356 | €3,300 | -€444 | ▼ 113% |
| Profit (loss) for the period9904 | -€1,428 | -€538 | €15,356 | €3,300 | -€444 | ▼ 113% |
| Profit (loss) for the period to be appropriated9905 | -€1,428 | -€538 | €15,356 | €3,300 | -€444 | ▼ 113% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4,545 | €4,410 | €15,919 | €3,388 | €3,388 | = |
| Current assets29/58 | €4,545 | €4,410 | €15,919 | €3,388 | €3,388 | = |
| Amounts receivable within one year40/41 | €4,001 | €4,001 | €15,919 | €3,388 | €3,388 | = |
| Trade receivables40 | - | - | €15,246 | €3,388 | €3,388 | = |
| Other amounts receivable41 | - | €4,001 | €673 | - | - | - |
| Cash at bank and in hand54/58 | €544 | €410 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4,545 | €4,410 | €15,919 | €3,388 | €3,388 | = |
| Equity10/15 | -€18,068 | -€18,606 | -€3,250 | €50 | -€394 | ▼ 885% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Capital10 | - | €10,000 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | €8,600 | - | - | - | - |
| Reserves13 | €858 | €858 | €858 | €858 | €858 | = |
| Non-distributable reserves130/1 | - | €858 | - | - | - | - |
| Legal reserve130 | - | €858 | - | - | - | - |
| Distributable reserves133 | - | - | €858 | €858 | €858 | = |
| Profit (loss) carried forward14 | -€28,926 | -€29,464 | -€14,107 | -€10,807 | -€11,252 | ▼ 4.1% |
| Amounts payable17/49 | €22,613 | €23,016 | €19,169 | €3,338 | €3,782 | ▲ 13.3% |
| Amounts payable within one year42/48 | €22,613 | €23,016 | €19,169 | €3,338 | €3,782 | ▲ 13.3% |
| Trade debts44 | €569 | €695 | €695 | - | - | - |
| Suppliers440/4 | - | €695 | €695 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €20 | €20 | = |
| Taxes450/3 | - | - | - | €20 | €20 | = |
| Other amounts payable47/48 | - | €22,321 | €18,474 | €3,318 | €3,763 | ▲ 13.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,428 | -€538 | €15,356 | €3,300 | -€444 | ▼ 113% |
| Operating cash flow (approximation) | -€1,428 | -€538 | €15,356 | €3,300 | -€444 | ▼ 113% |
| Change in cash | - | -€134 | -€410 | - | - | - |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €15,356
Net result €15,356 after 4 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
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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Directors · office · real estate
Directors
6 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, Elsene · 1 establishment unit since 2007
Ground area
2.1 ha
Building footprint
1.0 ha
Volume, LiDAR
133,377 m³
2 parcels, Brussels · tallest building 32.2 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
VS TELECOM
since 20072.164.014.075
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21382C0221/00E003 | Brussels | 2.1 ha | 1 · 9,720 m² | 20.1 m · 4 fl. |
| 21807G0120/00L005 | Brussels | 700 m² | 1 · 700 m² | 32.2 m · 9 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVorst2.164.014.075
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,853. 57 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47251Retail sale of wines and spirits
56112Limited-service restaurants, excluding mobile food services
56210Event catering
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890423376
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.