Checked.be
Active
BE 0455.037.391Private limited company
VACS Services
Achterdries 17A ·9860 Oosterzele, Belgium· 31 yrs active
Sector: Computer programming
(62100)
Conclusion
VACS Services has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €442k and a net result of €76k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 93% of 16619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €442k |
| Net result | €76k |
| Better than sector | 93% |
| Active | 31 yrs |
Financial profile
89
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
86
Solvency
100
Growth
64
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1995, 31 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
93
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€40k
estimate, not credit advice
Score history
100
2022
100
2023
100
2024
93
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 14.07 (≥ 1.5)
+10
Quick ratio
Quick ratio 14.07 (≥ 1.0)
+5
Leverage
Debt/equity 0.07 (< 1.0)
+10
Profitability
ROE 17% (≥ 10%)
+10
Interest coverage
Interest coverage 8.3× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-04-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~5.8%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 62, Computer programming, consultancy and related activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 93.8% | 60.0% | |
| Net result | €76k | €29k | |
| Equity | €442k | €72k | |
| Gross operating margin | €110k | €55k | |
| Total assets | €471k | €141k |
€200k
+1.7%
22-25
€108k
+10.3%
22-25
€76k
-9.7%
22-25
€83k
-8.8%
22-25
€471k
+9.4%
22-25
€442k
+7.3%
22-25
€374k
+10.8%
22-25
€40k
+13.1%
22-25
€46k
-21.4%
22-25
€29k
+56.0%
22-25
€29k
+55.9%
22-25
14.07
-27.5%
22-25
14.07
-27.5%
22-25
93.8%
-1.9%
22-25
0.07
+45.3%
22-25
17.2%
-15.9%
22-25
16.1%
-17.5%
22-25
42.0%
+48.5%
22-25
48.9%
+14.8%
22-25
8.30
-81.7%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | €200k | €197k | €197k |
| EBITDA | €108k | €98k | €84k | €94k |
| Net profit | €76k | €84k | €56k | €75k |
| Cash flow | €83k | €91k | €63k | €81k |
| Staff costs | - | - | - | - |
| Income taxes | €40k | €36k | €23k | €32k |
| Dividends | €46k | €58k | - | - |
| Total assets | €471k | €430k | €399k | €400k |
| Equity | €442k | €412k | €386k | €382k |
| Debt | €29k | €19k | €14k | €18k |
| of which ≤ 1y | €29k | €18k | €13k | €18k |
| of which > 1y | - | - | - | - |
| Working capital | €374k | €337k | €305k | €299k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 14.07 | 19.39 | 23.65 | 17.90 |
| Quick ratio | 14.07 | 19.39 | 23.65 | 17.90 |
| Working capital ratio | 79.3% | 78.4% | 76.2% | 74.8% |
| Solvency | 93.8% | 95.6% | 96.5% | 95.5% |
| Debt / equity | 0.07 | 0.05 | 0.04 | 0.05 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 8.30 | 45.31 | 35.90 | 26.40 |
| Gross margin | - | 49.6% | 43.3% | 48.2% |
| Net margin | - | 42.0% | 28.3% | 38.0% |
| ROA | 16.1% | 19.5% | 13.9% | 18.7% |
| ROE | 17.2% | 20.4% | 14.4% | 19.6% |
| EBITDA margin | - | 48.9% | 42.6% | 47.6% |
| Days sales outstanding | - | 38d | 37d | 34d |
| Days payable outstanding | - | 4d | 4d | 12d |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €471k | €430k | €399k | €400k |
| Fixed assets | 21/28 | €69k | €75k | €81k | €83k |
| Intangible fixed assets | 21 | - | - | €0 | €0 |
| Tangible fixed assets | 22/27 | €64k | €70k | €77k | €78k |
| Financial fixed assets | 28 | €5k | €5k | €5k | €5k |
| Current assets | 29/58 | €402k | €356k | €318k | €317k |
| Amounts receivable within one year | 40/41 | €23k | €21k | €29k | €20k |
| Investments | 50/53 | €287k | €298k | €220k | €235k |
| Cash & bank | 54/58 | €89k | €35k | €68k | €61k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €471k | €430k | €399k | €400k |
| Equity | 10/15 | €442k | €412k | €386k | €382k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €422k | €392k | €366k | €362k |
| Accumulated profits (losses) | 14 | €854 | €775 | €775 | €775 |
| Amounts payable | 17/49 | €29k | €19k | €14k | €18k |
| Amounts payable within one year | 42/48 | €29k | €18k | €13k | €18k |
| Trade debts payable within one year | 44 | €7k | €1k | €1k | €3k |
| Income statement | |||||
| Turnover | 70 | - | €200k | €197k | €197k |
| Gross operating margin | 9900 | €110k | €99k | €85k | €95k |
| Operating result | 9901 | €101k | €91k | €77k | €88k |
| Financial income | 75 | €28k | €31k | €4k | €23k |
| Financial charges | 65 | €13k | €2k | €2k | €4k |
| Result before taxes | 9903 | €116k | €120k | €78k | €107k |
| Income taxes | 67/77 | €40k | €36k | €23k | €32k |
| Net result for the period | 9904 | €76k | €84k | €56k | €75k |
| Result to be appropriated | 9905 | €76k | €84k | €56k | €75k |
Legal Structure
| NACE primary | Computer programming(62100) |
| Legal form | Private limited company(610) |
| Incorporation | 24-04-1995 |
| Status | Active |
| Postal code | 9860 |
Establishment units
VACS SERVICES
since 19952.071.732.136
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44052C0442/00E000 | Flanders | 2,660 m² | 1 · 662 m² | 9.3 m · 2 fl. |
| 44052C0440/00C000 | Flanders | 1,283 m² | 1 · 170 m² | 8.8 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2022net €84k ▲51.1%
Net result €84k, the highest in the series.
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €56k ▼25.7%
Net result drops to €56k, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Computer programming, consultancy and related activities62010Computer programming6210072220
Names & trade names
| Legal nameNL | VACS Services |
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