Equity
€4.6m ▲ 1.8%
VSH has made a profit without a break since 2019.
VSH
Lifetime
20 annual accounts with figures on one time axis, 24 filings since 2003peak €975,983 (2023)
€57,136▲ €70,171
lowest -€272,070 (2013)
€80,594▲ 29.3%
peak €4.6m (2026)
€4.6m▲ 1.8%
€77,034▼ 69.1%
peak 0 FTE (2024)
-not published
Board6 names since 2012
2 directors and 1 other
Owners
Documentsfilings and deeds
30-10-20261 day before the deadline
2026micro format
Gross margin from -€13,035 to €57,136Result from €62,346 to €80,594New director 06-01Debts from €249,250 to €77,034Cash from €38,919 to €18,011
Key points
from the 2026 annual accountsTurnover
≈ €120,000 estimated
The accounts state no turnover.
Position in the sector
98.4%
Higher solvency than 95% of companies in head offices and management consultancy. Sector median 60.7% · 1,697 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 14,769 companies had the same profile as VSH has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,769 companies, not a prediction for VSH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
New director
appointed, resigned · Permanent representative: · Director discharge: · General meeting of 29-10-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0476379866
Capital decrease of €434,473.38 to €61,500
Capital after the decrease: €61,500 · Resignations: , and · Reappointments: (director) and (director) · Gazette deed
3 directors appointed
(managing director and chair of the board), and . · Permanent representatives: and · General meeting of 03-11-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VSH Ostend | €4.7m | €57,136 | 98.4% | - |
| MODACAR INVEST Hooglede | €4.4m | €61,375 | 82.2% | - |
| BREVAK Antwerp | €4.5m | €64,955 | 99.3% | 0 |
| DE KEYSER MANAGEMENT Aalter | €4.0m | €63,973 | 99.4% | - |
| LUNE Beernem | €6.8m | €65,083 | 49.1% | - |
| JEPPE Bruges | €6.1m | €54,502 | 66.7% | - |
| PARTICIPATIEMAATSCHAPPIJ METAALBEDRIJVEN Roeselare | €4.7m | €77,694 | 61.4% | - |
These companies have the same main activity as VSH: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €4m and €6.8m, founded between 1999 and 2007.
Official details
Source: KBO- Status
- Active since 31-12-2001Normal situation
- Registered office
- 10 active companies are registered at this addressSource: KBO register, as of 12 November 2026.
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.101.586.8558400 Ostend, since 22-02-2002
- Financial year end
- 31 March
- Peppol
- Reachable since 19-12-2025
Annual accounts to 31-03-2026
- €4.7m▼ 1.9%
- Filing
- Filed on 30-10-2026, 1 day before the end of the filing period
Insights on VSH
VSH files the micro format. That format states no turnover. The gross margin fell from €98,446 in 2007 to €57,136 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VSH
- What is the company number of VSH?
- The company number of VSH is 0476.379.866. The VAT number is the same number with BE in front: BE 0476.379.866.
- Where is VSH based?
- The registered office is at Alfons Pieterslaan 90-92, 8400 Ostend.Company details
- What does VSH do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of VSH?
- VSH is a public limited company (NV).
- When was VSH founded?
- VSH was founded on 31-12-2001.
- Is VSH still active?
- Yes, VSH is an active enterprise in the KBO register.
- What is the turnover of VSH?
- The turnover in financial year 2026 is ≈ €120,000. This figure is estimated from the gross margin of €57,136 and 120 comparable companies (NACE 70200). It probably lies between €88,000 and €150,000.Financials
- Is VSH profitable?
- In financial year 2026, VSH made a profit of €80,594.
- Where can I find the annual accounts of VSH?
- VSH filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of VSH due?
- VSH must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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