Full dossier in preparation
Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
Process with priority
Sign in free to move this company to the front.
Age3 yrs
Real estate1 parcel · 1,896 m²
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of VSF MANAGEMENT is 0.4% (very low). The 2025 annual accounts show equity of €980k and a net result of €647k. Its solvency ranks better than 18% of 293 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Signals
2 signals · with evidenceWeak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 293 sector peers (2025).
View the sector comparison Consistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
3 signalsMore than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags
0 events
No administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.4%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Young company
+Annual accounts: healthy financial profile
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€647k+132.1%
Working capital€-1.21M+42.4%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 03-06-2026 with the NBB · fiscal year 2025 · volledig
Sector comparison
Fiscal year 2025 · NACE 70, Head offices & management consulting · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 8.6% | 42.2% | |
| Net result | €647k | €57k | |
| Equity | €980k | €199k | |
| Gross operating margin | €1.19M | €83k | |
| Employees (FTE) | 0.0 | 1.6 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€1.19M
-
far above sector median
€647k
+132.1%
far above sector median
€652k
-
far above sector median
€11.34M
+8.9%
far above sector median
€980k
+194.4%
far above sector median
€-1.21M
+42.4%
far below sector median
0
-
24-25
€191k
+105.0%
far above sector median
€10.36M
+2.8%
far above sector median
€1.82M
-24.1%
far above sector median
€8.51M
+11.3%
far above sector median
0.33
+176.5%
-80% vs sector
0.33
+176.5%
-80% vs sector
8.6%
+170.4%
-82% vs sector
10.57
-65.1%
far above sector median
66.0%
-21.2%
+218% vs sector
5.7%
+113.1%
-55% vs sector
2.77
-
-91% vs sector
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €1.19M |
| Net profit | €647k |
| Cash flow | €652k |
| Staff costs | - |
| Income taxes | €191k |
| Dividends | - |
| Total assets | €11.34M |
| Equity | €980k |
| Debt | €10.36M |
| of which ≤ 1y | €1.82M |
| of which > 1y | €8.51M |
| Working capital | €-1.21M |
| Employees (FTE) | 0.0 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.33 |
| Quick ratio | 0.33 |
| Working capital ratio | -10.7% |
| Solvency | 8.6% |
| Debt / equity | 10.57 |
| Long-term debt ratio | 8.68 |
| Interest coverage | 2.77 |
| Gross margin | - |
| Net margin | - |
| ROA | 5.7% |
| ROE | 66.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €11.34M |
| Fixed assets | 21/28 | €10.74M |
| Intangible fixed assets | 21 | €150k |
| Tangible fixed assets | 22/27 | €916 |
| Financial fixed assets | 28 | €10.59M |
| Current assets | 29/58 | €603k |
| Amounts receivable within one year | 40/41 | €466k |
| Cash & bank | 54/58 | €130k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €11.34M |
| Equity | 10/15 | €980k |
| Contributions / capital | 10/11 | €10k |
| Reserves | 13 | €970k |
| Amounts payable | 17/49 | €10.36M |
| Amounts payable after one year | 17 | €8.51M |
| Amounts payable within one year | 42/48 | €1.82M |
| Trade debts payable within one year | 44 | €17k |
| Income statement | ||
| Gross operating margin | 9900 | €1.19M |
| Operating result | 9901 | €1.19M |
| Financial income | 75 | €80k |
| Financial charges | 65 | €430k |
| Result before taxes | 9903 | €838k |
| Income taxes | 67/77 | €191k |
| Net result for the period | 9904 | €647k |
| Result to be appropriated | 9905 | €647k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed46
/ 100
Fair
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
on the map · from the address register
seat.Municipality
exact location from the address register
Establishment units
1 locationVSF MANAGEMENT
since 20232.345.470.886
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,896 m²
Buildings1
Building footprint655 m²
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61043B0005/00H000 | Wallonia | 1,896 m² | 1 · 655 m² | - |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Analysis
Snowflake analysis
financial profile on 5 axes65
/ 100
Strong profile, led by profitability.
Health
46
Profitability
100
Solvency
6
Growth
78
Stability
94
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soonAI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
AI-generated from Checked data; indicative, not legal or investment advice.
Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Holdings64200Activiteiten van holdings64210Overige ondersteunende activiteiten in verband met financiële diensten, exclusief verzekeringen en pensioenfondsen, n.e.g.66199Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen66199Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Activiteiten van hoofdkantoren70100Activiteiten van hoofdkantoren70100Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
| Legal nameFR | VSF MANAGEMENT |
Registered office
Route du Condroz 322
4550 Nandrin, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.