VSD Consult
ActiveSummary
VSD Consult has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €189,076 and a net result of €52,641. Equity is growing by ~31.8% per year across the filed fiscal years. Its solvency ranks better than 53% of 2310 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-31
Solvency70▲+4
Growth78=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.78 against 1.69 in 2024; short-term debt: 55.2% and cash: 15.5% of total assets), and 55.2% 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
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
44.8%
Return on assets
12.5%
Age of the figures
9 mo
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 15-07-2026, 16 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
16 d early
2024
3 d early
2023
21 d late
2022
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 22 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€52,641▼ 37.4%
2024 · €84,140
Working capital
-€50,924
2024 · €136,435
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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
Line2022202320242025
Operating result€44,736-€178,508▲ 299%€109,621▼ 38.6%€66,197▼ 39.6%
Net result€33,552within the sector's middle half-€118,744within the sector's middle half▲ 254%€84,140within the sector's middle half▼ 29.1%€52,641within the sector's middle half▼ 37.4%
Equity€43,552within the sector's middle half-€162,296within the sector's middle half▲ 273%€136,435within the sector's middle half▼ 15.9%€189,076within the sector's middle half▲ 38.6%
Total assets€59,357within the sector's middle half-€237,942below the sector's middle half▲ 301%€334,272below the sector's middle half▲ 40.5%€421,928within the sector's middle half▲ 26.2%
Debt€15,805-€75,646▲ 379%€197,837▲ 162%€232,852▲ 17.7%
Working capital€43,552within the sector's middle half-€162,296within the sector's middle half▲ 273%€136,435within the sector's middle half▼ 15.9%-€50,924within the sector's middle half
Solvency73.4%above the sector's middle half-68.2%within the sector's middle half▼ 5.2pp40.8%within the sector's middle half▼ 27.4pp44.8%within the sector's middle half▲ 4.0pp
Current ratio3.76within the sector's middle half-3.15above the sector's middle half▼ 0.611.69within the sector's middle half▼ 1.460.78within the sector's middle half▼ 0.91
Return on assets (ROA)56.5%above the sector's middle half-49.9%above the sector's middle half▼ 6.6pp25.2%above the sector's middle half▼ 24.7pp12.5%within the sector's middle half▼ 12.7pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €421,928
Fixed assets
€240,000
Current assets
€181,928
Equity and liabilities €421,928
Equity
€189,076 ▲ 38.6%
Debt
€232,852 ▲ 17.7%
Debt's share of the balance-sheet total falls from 59.2% to 55.2%. Equity and debt are higher.
Key figures and ratios
Debt to equity
1.23▼
2024 · 1.45
ROE
27.8%▼
2024 · 61.7%
Debt ≤ 1 year
€232,852▲
2024 · €197,837
Income taxes
€17,637▼
2024 · €28,557
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Gross operating margin9900 | €44,736 | €178,508 | €109,621 | €66,197 | ▼ 39.6% |
| Operating profit (loss)9901 | €44,736 | €178,508 | €109,621 | €66,197 | ▼ 39.6% |
| Financial income75/76B | - | €347 | €3,106 | €4,141 | ▲ 33.3% |
| Recurring financial income75 | - | €347 | €3,106 | €4,141 | ▲ 33.3% |
| Financial charges65/66B | - | €30 | €30 | €60 | ▲ 100% |
| Recurring financial charges65 | - | €30 | €30 | €60 | ▲ 100% |
| Profit (loss) for the period before taxes9903 | €44,736 | €178,825 | €112,697 | €70,278 | ▼ 37.6% |
| Income taxes67/77 | €11,184 | €60,081 | €28,557 | €17,637 | ▼ 38.2% |
| Profit (loss) for the period9904 | €33,552 | €118,744 | €84,140 | €52,641 | ▼ 37.4% |
| Profit (loss) for the period to be appropriated9905 | €33,552 | €118,744 | €84,140 | €52,641 | ▼ 37.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €59,357 | €237,942 | €334,272 | €421,928 | ▲ 26.2% |
| Fixed assets21/28 | - | - | - | €240,000 | - |
| Financial fixed assets28 | - | - | - | €240,000 | - |
| Current assets29/58 | €59,357 | €237,942 | €334,272 | €181,928 | ▼ 45.6% |
| Amounts receivable within one year40/41 | €1,210 | €31,830 | €7,420 | €12,300 | ▲ 65.8% |
| Trade receivables40 | €1,210 | €31,830 | €7,420 | €12,300 | ▲ 65.8% |
| Current investments50/53 | - | €100,000 | €250,000 | €100,000 | ▼ 60.0% |
| Cash at bank and in hand54/58 | €58,147 | €105,869 | €74,435 | €65,535 | ▼ 12.0% |
| Deferred charges and accrued income490/1 | - | €243 | €2,417 | €4,093 | ▲ 69.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €59,357 | €237,942 | €334,272 | €421,928 | ▲ 26.2% |
| Equity10/15 | €43,552 | €162,296 | €136,435 | €189,076 | ▲ 38.6% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Capital10 | €10,000 | €10,000 | €10,000 | - | - |
| Issued capital100 | €10,000 | €10,000 | €10,000 | - | - |
| Reserves13 | €1,000 | €151,000 | €119,744 | €119,744 | = |
| Non-distributable reserves130/1 | €1,000 | €1,000 | €1,000 | - | - |
| Legal reserve130 | €1,000 | €1,000 | €1,000 | - | - |
| Distributable reserves133 | - | €150,000 | €118,744 | €119,744 | ▲ 0.8% |
| Profit (loss) carried forward14 | €32,552 | €1,296 | €6,691 | €59,332 | ▲ 787% |
| Amounts payable17/49 | €15,805 | €75,646 | €197,837 | €232,852 | ▲ 17.7% |
| Amounts payable within one year42/48 | €15,805 | €75,646 | €197,837 | €232,852 | ▲ 17.7% |
| Trade debts44 | - | - | - | €673 | - |
| Suppliers440/4 | - | - | - | €673 | - |
| Taxes, remuneration and social security45 | €15,805 | €75,646 | €104,337 | €7,179 | ▼ 93.1% |
| Taxes450/3 | €15,805 | €75,646 | €104,337 | €7,179 | ▼ 93.1% |
| Other amounts payable47/48 | - | - | €93,500 | €225,000 | ▲ 141% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,552 | €118,744 | €84,140 | €52,641 | ▼ 37.4% |
| Operating cash flow (approximation) | €33,552 | €118,744 | €84,140 | €52,641 | ▼ 37.4% |
| Change in cash | - | €47,722 | -€31,434 | -€8,900 | ▲ 71.7% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €150,000Eq €189,076 ▲38.6%
4 profitable years in a row build equity to €189,076.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 21 days late
2023
31-12
Financial
Highest result since 2022net €118,744 ▲254%
Operating result €178,508, net result €118,744, both a record.
31-12
Financial
Equity above €150,000Eq €162,296 ▲273%
2 profitable years in a row build equity to €162,296.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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.
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Directors · office · real estate
Directors
1 act for this company is 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, Ath · 1 establishment unit since 2021
Ground area
2,853 m²
Building footprint
148 m²
Volume, LiDAR
822 m³
Parcel 51002A0068/00E000, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VSD Consult
since 20212.321.562.861
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51002A0068/00E000 | Wallonia | 2,853 m² | 1 · 148 m² | 6.8 m · 2 fl. |
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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Of 11,218 companies in sector 82100 we hold annual accounts for 3,516. 2,482 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
Founded08-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
70200Business and other management consultancy
73300Public relations and communication consultancy
82300Organisation of conventions and trade shows
85592Vocational training
E-invoicing
Reachable via Peppol
Peppol ID
0208:0773636861
Also
9925:BE0773636861
Registered
15-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.