Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
VSM-DR from Brussel, company number BE0793609656, closed financial year 2025 with a result of € -2,134 after tax. For that financial year VSM-DR recorded a gross margin of € -1,227 and equity of € -4,434. Compared with financial year 2024, the result moved from € -2,829 to € -2,134. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ -4,434
▼ € 2,134 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,134
▲ 25 % less loss than in 2024
Profit after tax over the fiscal year.
€ 500
▼ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -9,434.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 958
▼ 67% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -4,001 | € -2,042 | € -1,227 | ▲ € 815 |
| Profit after taxes | € -4,470 | € -2,829 | € -2,134 | ▲ € 695 |
| Equity | € 530 | € -2,300 | € -4,434 | ▼ € 2,134 |
| Total debts | € 5,626 | € 7,065 | € 5,143 | ▼ 27% |
| Cash | € 4,048 | € 3,553 | € 500 | ▼ 86% |
| Retained profit | € -4,470 | € -7,300 | € -9,434 | ▼ € 2,134 |
| Balance sheet total | € 6,155 | € 4,765 | € 709 | ▼ 85% |
Key figures of VSM-DR, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to VSM-DR?
What happened at VSM-DR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,134. Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,470 loss in 2023 to € 2,134 loss in 2025.
Management
The stake of TINK AVENUE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VSM-DRBehind VSM-DR is Basile BOELS. The shares are held by TINK AVENUE (51%).
Directors
According to the 2025 annual accounts
Shareholders
51%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Franklin Rooseveltlaan 232
1050 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0793.609.656
- VAT number
- BE 0793.609.656
- Registered office
- Franklin Rooseveltlaan 232, 1050 Brussel
- Names & denominations
- VSM-DR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 November 2022
- Peppol
- Not registered
- Contact
- [email protected]