Active BE 0812.210.989Private limited company

VBM HOLDING

Kortrijkstraat(Z) 87 ·8550 Zwevegem, Belgium· 17 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

VBM HOLDING is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €228k and a net result of €3k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 88% of 7837 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€228k
Net result	€3k
Better than sector	88%
Active	17 yrs

Financial profile 4 of 5 axes measured · computed by Checked

57 / 100

Mixed profile: strong on stability, weaker on profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 6

Solvency 69

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2009, 17 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 Flags0 events

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

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview15 NBB filings

Annual accounts filed on 15-01-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 4 fiscal years (±1.2%/year).

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 64, Financial service activities, except insurance and pension funding · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	90.0%	51.3%	better than 88% of 7837 sector peers
Net result	€3k	€33k	better than 23% of 7841 sector peers
Equity	€228k	€132k	better than 64% of 7843 sector peers
Gross operating margin	€4k	€63k	better than 15% of 7830 sector peers
Total assets	€253k	€337k	better than 42% of 7840 sector peers

Net profit

€3k

+50.5% 22-25

Total assets

€253k

+1.3% 22-25

Equity

€228k

+1.3% 22-25

Income taxes

€1k

+54.8% 22-25

Debt

€25k

+1.6% 22-25

Debt ≤ 1y

€25k

+1.6% 22-25

Solvency

90.0%

0.0% 22-25

ROE

1.3%

+48.5% 22-25

ROA

1.2%

+48.5% 22-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a
Net profit	€3k	€2k	€3k	€3k
Cash flow	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-
Income taxes	€1k	€713	€1k	€1k
Dividends	-	-	-	-
Total assets	€253k	€250k	€248k	€245k
Equity	€228k	€225k	€223k	€220k
Debt	€25k	€25k	€25k	€25k
of which ≤ 1y	€25k	€24k	€25k	€25k
of which > 1y	-	-	-	-
Working capital	n/a	n/a	n/a	n/a
Employees (FTE)	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022
Current ratio	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a
Solvency	90.0%	90.0%	89.8%	89.7%
Debt / equity	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a
ROA	1.2%	0.8%	1.2%	1.3%
ROE	1.3%	0.9%	1.3%	1.4%
EBITDA margin	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a

Balance-sheet composition 2025

Assets

Fixed assets €238k · 93.9% Current assets €15k · 6.1%

Equity & liabilities

Equity €228k · 90.0% Debt €25k · 10.0%

Full annual accounts (18 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	€253k	€250k	€248k	€245k
Fixed assets	21/28	€238k	€238k	€238k	€238k
Financial fixed assets	28	€238k	€238k	€238k	€238k
Current assets	29/58	€15k	€12k	€10k	€7k
Cash & bank	54/58	€15k	€12k	€10k	€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€253k	€250k	€248k	€245k
Equity	10/15	€228k	€225k	€223k	€220k
Contributions / capital	10/11	€12k	€12k	€12k	€12k
Reserves	13	€215k	€212k	€210k	€207k
Amounts payable	17/49	€25k	€25k	€25k	€25k
Amounts payable within one year	42/48	€25k	€24k	€25k	€25k
Income statement
Gross operating margin	9900	€4k	€3k	€4k	€4k
Operating result	9901	€4k	€3k	€4k	€4k
Financial charges	65	€153	€153	€153	€153
Result before taxes	9903	€4k	€3k	€4k	€4k
Income taxes	67/77	€1k	€713	€1k	€1k
Net result for the period	9904	€3k	€2k	€3k	€3k
Result to be appropriated	9905	€3k	€2k	€3k	€3k

Directors & mandates 2 directors

Current directors & mandates

Barrezeele Liesbeth Leen Johanna
Statutaire bestuurder
State Gazette act 24386918 (10-04-2024)

Current
10-04-2024 → present
Vanbiervliet Olivier Philippe Carlo Jacques
Statutaire bestuurder
State Gazette act 24386918 (10-04-2024)

Current
10-04-2024 → present

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company(610)
Incorporation	10-06-2009
Status	Active
Postal code	8550

Establishment units 1 location

VBM HOLDING

Kortrijkstraat(Z) 87, 8550 ZwevegemHoldings

since 20092.179.030.665

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34042D0083/00E004	Flanders	1,095 m²	1 · 263 m²	9.4 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 12Financial 1Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2026

15-01

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

21-01

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

30-06

Financial Weakest financial yearnet €2k ▼34.5%

Net result drops to €2k, the lowest in the series; recovery starts the following year.

10-04

State Gazette act Director changes

v3.2

23-01

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

30-01

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2020

23-12

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2019

14-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2018

08-11

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2017

22-11

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2016

24-11

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2015

21-12

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 1 acts read

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.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

10-04-2024 2 directors appointed Director changes

Vanbiervliet Olivier Philippe Carlo Jacques, Statutaire bestuurder
Barrezeele Liesbeth Leen Johanna, Statutaire bestuurder

Summary: v3.2

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "director_in",
      "role": "statutaire bestuurder",
      "person": {
        "rrn": null,
        "name": "Vanbiervliet Olivier Philippe Carlo Jacques",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "statutaire bestuurder",
      "person": {
        "rrn": null,
        "name": "Barrezeele Liesbeth Leen Johanna",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0812.210.989",
    "name_full": "VBM HOLDING"
  }
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies64210Business and other management consultancy70200Business consulting70220

Names & trade names

Legal nameNL

VBM HOLDING

Similar companies Comparable size · 19,489 of 24,686 companies in this sector with filed accounts

RHOMENO BE 0776.339.597 · Lokeren

LV PHARMA BE 0758.798.435 · Heist-op-den-Berg

Jimmy Swennen BE 0743.644.065 · Bocholt

LURIS BE 0811.387.281 · Edegem

DEDRIELICIOUS BE 0802.561.172 · Veurne