VRMS
ActiveSummary
VRMS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €429,227 and a net result of €97,307. Equity is growing by ~27.5% per year across the filed fiscal years. Its solvency ranks better than 86% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 16.34 against 6.22 in 2024; short-term debt: 5.3% and cash: 28.3% of total assets), and 11.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.9%
Return on assets
20.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
4 d early
2023
4 d early
2022
4 d early
2021
7 d early
2020
9 d early
2019
10 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€429,227▲ 29.3%
2024 · €331,920
Total assets
€482,576▲ 13.6%
2024 · €424,693
Net result
€97,307▲ 20.6%
2024 · €80,658
Working capital
€392,487▲ 33.9%
2024 · €293,211
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€37,266▲ 112%€35,704▼ 4.2%€150,629▲ 322%€115,197▼ 23.5%€143,199▲ 24.3%
Net result€28,169▲ 116%€25,780▼ 8.5%€112,697▲ 337%€80,658▼ 28.4%€97,307▲ 20.6%
Equity€137,784▲ 25.7%€163,564▲ 18.7%€251,262▲ 53.6%€331,920▲ 32.1%€429,227▲ 29.3%
Total assets€207,806▲ 10.2%€214,132▲ 3.0%€349,587▲ 63.3%€424,693▲ 21.5%€482,576▲ 13.6%
Debt€70,022▼ 11.4%€50,568▼ 27.8%€98,325▲ 94.4%€92,773▼ 5.6%€53,349▼ 42.5%
Working capital€129,086▲ 29.2%€146,177▲ 13.2%€225,106▲ 54.0%€293,211▲ 30.3%€392,487▲ 33.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 24% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €482,576
Fixed assets
€64,503 ▼ 14.4%
Current assets
€418,073 ▲ 19.7%
Equity and liabilities €482,576
Equity
€429,227 ▲ 29.3%
Debt
€53,349 ▼ 42.5%
Debt's share of the balance-sheet total falls from 21.8% to 11.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€160,235▲
2024 · €122,784
Cash flow
€114,342▲
2024 · €88,245
Current ratio
16.34▲
2024 · 6.22
Debt to equity
0.12▼
2024 · 0.28
ROE
22.7%▼
2024 · 24.3%
ROA
20.2%▲
2024 · 19.0%
Interest coverage
456.91▲
2024 · 333.05
Debt ≤ 1 year
€25,586▼
2024 · €56,125
Debt > 1 year
€27,764▼
2024 · €36,648
Income taxes
€48,677▲
2024 · €34,759
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3,854 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,334 | €21,203 | €22,880 | €7,587 | €17,036 | ▲ 125% |
| Other operating charges640/8 | €2,517 | €2,069 | €3,085 | €2,710 | €1,706 | ▼ 37.1% |
| Non-recurring operating charges66A | - | - | - | €243 | - | - |
| Gross operating margin9900 | €60,117 | €58,976 | €176,594 | €125,738 | €161,940 | ▲ 28.8% |
| Operating profit (loss)9901 | €37,266 | €35,704 | €150,629 | €115,197 | €143,199 | ▲ 24.3% |
| Financial income75/76B | - | €0 | €353 | €588 | €3,135 | ▲ 433% |
| Recurring financial income75 | - | €0 | €353 | €588 | €3,135 | ▲ 433% |
| Financial charges65/66B | €845 | €577 | €434 | €369 | €351 | ▼ 4.9% |
| Recurring financial charges65 | €845 | €577 | €434 | €369 | €351 | ▼ 4.9% |
| Profit (loss) for the period before taxes9903 | €36,421 | €35,127 | €150,548 | €115,417 | €145,984 | ▲ 26.5% |
| Income taxes67/77 | €8,252 | €9,346 | €37,851 | €34,759 | €48,677 | ▲ 40.0% |
| Profit (loss) for the period9904 | €28,169 | €25,780 | €112,697 | €80,658 | €97,307 | ▲ 20.6% |
| Profit (loss) for the period to be appropriated9905 | €28,169 | €25,780 | €112,697 | €80,658 | €97,307 | ▲ 20.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €207,806 | €214,132 | €349,587 | €424,693 | €482,576 | ▲ 13.6% |
| Fixed assets21/28 | €43,360 | €35,317 | €26,156 | €75,357 | €64,503 | ▼ 14.4% |
| Tangible fixed assets22/27 | €43,270 | €35,227 | €26,066 | €75,267 | €64,413 | ▼ 14.4% |
| Land and buildings22 | €650 | €650 | €650 | €650 | €650 | = |
| Plant, machinery and equipment23 | €2,435 | €13,936 | €13,356 | €18,116 | €16,475 | ▼ 9.1% |
| Furniture and vehicles24 | €2,043 | €1,570 | €12,060 | €11,417 | €11,459 | ▲ 0.4% |
| Leasing and similar rights25 | €38,142 | €19,071 | - | €45,084 | €35,830 | ▼ 20.5% |
| Financial fixed assets28 | €90 | €90 | €90 | €90 | €90 | = |
| Current assets29/58 | €164,446 | €178,815 | €323,431 | €349,336 | €418,073 | ▲ 19.7% |
| Amounts receivable within one year40/41 | €35,710 | €64,945 | €73,441 | €30,263 | €31,605 | ▲ 4.4% |
| Trade receivables40 | €28,069 | €58,852 | €73,441 | €30,263 | €31,605 | ▲ 4.4% |
| Other amounts receivable41 | €7,641 | €6,093 | - | - | - | - |
| Current investments50/53 | - | - | - | €120,109 | €241,223 | ▲ 101% |
| Cash at bank and in hand54/58 | €125,625 | €109,092 | €247,076 | €193,934 | €136,766 | ▼ 29.5% |
| Deferred charges and accrued income490/1 | €3,111 | €4,778 | €2,915 | €5,031 | €8,478 | ▲ 68.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €207,806 | €214,132 | €349,587 | €424,693 | €482,576 | ▲ 13.6% |
| Equity10/15 | €137,784 | €163,564 | €251,262 | €331,920 | €429,227 | ▲ 29.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €5,931 | €5,931 | €90,931 | €165,931 | €255,931 | ▲ 54.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | €4,071 | €4,071 | €4,071 | €4,071 | €4,071 | = |
| Distributable reserves133 | - | - | €86,860 | €161,860 | €251,860 | ▲ 55.6% |
| Profit (loss) carried forward14 | €125,653 | €151,433 | €154,131 | €159,789 | €167,095 | ▲ 4.6% |
| Amounts payable17/49 | €70,022 | €50,568 | €98,325 | €92,773 | €53,349 | ▼ 42.5% |
| Amounts payable after more than one year17 | €34,662 | €17,930 | - | €36,648 | €27,764 | ▼ 24.2% |
| Financial debts170/4 | €34,662 | €17,930 | - | €36,648 | €27,764 | ▼ 24.2% |
| Amounts payable within one year42/48 | €35,360 | €32,638 | €98,325 | €56,125 | €25,586 | ▼ 54.4% |
| Current portion of amounts payable after more than one year42 | €16,509 | €18,116 | €19,333 | €8,144 | €8,144 | = |
| Trade debts44 | €14,425 | €7,772 | €14,742 | €17,434 | €6,048 | ▼ 65.3% |
| Suppliers440/4 | €14,425 | €7,772 | €14,742 | €17,434 | €6,048 | ▼ 65.3% |
| Taxes, remuneration and social security45 | €3,603 | €6,163 | €39,019 | €28,923 | €9,781 | ▼ 66.2% |
| Taxes450/3 | €3,603 | €6,163 | €39,019 | €28,923 | €9,781 | ▼ 66.2% |
| Other amounts payable47/48 | €822 | €586 | €25,230 | €1,625 | €1,613 | ▼ 0.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,169 | €25,780 | €112,697 | €80,658 | €97,307 | ▲ 20.6% |
| + Depreciation and write-downs630 | €20,334 | €21,203 | €22,880 | €7,587 | €17,036 | ▲ 125% |
| Operating cash flow (approximation) | €48,503 | €46,983 | €135,577 | €88,245 | €114,342 | ▲ 29.6% |
| Investment in fixed assets (approximation) | - | -€13,160 | -€13,719 | -€56,788 | -€6,182 | ▲ 89.1% |
| Change in cash | - | -€16,533 | €137,984 | -€53,142 | -€57,167 | ▼ 7.6% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 16.34
Current ratio from 6.22 to 16.34; short-term debt falls from €56,125 to €25,586.
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €112,697 ▲337%
Operating result €150,629, net result €112,697, both a record.
31-12
Financial
Equity above €200,000Eq €251,262 ▲53.6%
4 profitable years in a row build equity to €251,262.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €163,564 ▲18.7%
3 profitable years in a row build equity to €163,564.
24-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €13,026
Net result €13,026 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €109,615 ▲13.5%
Equity rises from €96,590 to €109,615.
Show earlier events
21-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€9,238
Net result drops to -€9,238, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zemst · 1 establishment unit since 2008
Ground area
1,140 m²
Building footprint
133 m²
Volume, LiDAR
799 m³
Parcel 23034A0203/00V013, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Eikstraat 38, 1981 Zemst
since 20082.173.701.407
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23034A0203/00V013 | Flanders | 1,140 m² | 1 · 133 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 831 EUR awarded · 831 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 831 EUR | 831 EUR |
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 12,593 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Contact
Scores and ratios are computed by Checked and are not a credit decision.