VSM-DR
ActiveSummary
The computed 12-month bankruptcy probability of VSM-DR is 12.0% (high). The 2025 annual accounts show negative equity (-€4,434) and a net result of -€2,134. Equity is shrinking by ~107.9% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 3 accounts on average 26 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, abbreviated schema
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.
Peer companies
Historical observationOf the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 12.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 7,638 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | - | €384 | €400 | ▲ 4.0% |
| Gross operating margin9900 | -€4,001 | -€2,042 | -€1,227 | ▲ 39.9% |
| Operating profit (loss)9901 | -€4,001 | -€2,426 | -€1,627 | ▲ 32.9% |
| Financial charges65/66B | €470 | €403 | €507 | ▲ 25.8% |
| Recurring financial charges65 | €470 | €403 | €507 | ▲ 25.8% |
| Profit (loss) for the period before taxes9903 | -€4,470 | -€2,829 | -€2,134 | ▲ 24.6% |
| Profit (loss) for the period9904 | -€4,470 | -€2,829 | -€2,134 | ▲ 24.6% |
| Profit (loss) for the period to be appropriated9905 | -€4,470 | -€2,829 | -€2,134 | ▲ 24.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €6,155 | €4,765 | €709 | ▼ 85.1% |
| Current assets29/58 | €6,155 | €4,765 | €709 | ▼ 85.1% |
| Amounts receivable within one year40/41 | €1,028 | €1,212 | €209 | ▼ 82.8% |
| Other amounts receivable41 | €1,028 | €1,212 | €209 | ▼ 82.8% |
| Cash at bank and in hand54/58 | €4,048 | €3,553 | €500 | ▼ 85.9% |
| Deferred charges and accrued income490/1 | €1,080 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €6,155 | €4,765 | €709 | ▼ 85.1% |
| Equity10/15 | €530 | -€2,300 | -€4,434 | ▼ 92.8% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€4,470 | -€7,300 | -€9,434 | ▼ 29.2% |
| Amounts payable17/49 | €5,626 | €7,065 | €5,143 | ▼ 27.2% |
| Amounts payable within one year42/48 | €5,626 | €7,065 | €5,143 | ▼ 27.2% |
| Trade debts44 | €1,441 | €2,880 | €958 | ▼ 66.7% |
| Suppliers440/4 | €1,441 | €2,880 | €958 | ▼ 66.7% |
| Other amounts payable47/48 | €4,185 | €4,185 | €4,185 | = |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,470 | -€2,829 | -€2,134 | ▲ 24.6% |
| Operating cash flow (approximation) | -€4,470 | -€2,829 | -€2,134 | ▲ 24.6% |
| Change in cash | - | -€495 | -€3,053 | ▼ 517% |
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
18-09
State Gazette act
Resignation: Gaelle VAN ROSEN (director)2 facts ▸
- Director resignation, Gaelle VAN ROSEN (director)
- General meeting, 09-01-2025
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0478/00V002 | Brussels | 233 m² | 1 · 228 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Gaelle VAN ROSEN |
|
Structure & network
Owners and holdings
2 ownersChain of control
- TINK AVENUE
- VSM-DR
Highest known parent: TINK AVENUE. The sources do not say who stands above it.
Owners 2
-
51%
-
49%
Holdings 0
The accounts to 31-12-2023 list no holdings, and no other source names one.
According to the 2023 annual accounts of VSM-DR and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Company details
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.