Equity
€1.1m from €2.1m in 2008
Equity fell by 46% in 16 years.
EPEGE
Lifetime
18 annual accounts with figures on one time axis, 21 filings since 2003Gross marginpeak €0 (2023)
-€6,111
Resultlowest -€7,237 (2024)
-€7,237▼ €7.8m
Equitypeak €2.1m (2008)
€1.1m▼ 0.6%
Debts
€3,279▼ 30.2%
Staffpeak 0 FTE (2020)
-not published
Board3 names since 2020
1 directorVYVIMMO
Owners2 names in the annual accounts
100%VYVIMMO
Documentsfilings and deeds
10-10-202571 days late
2024abbreviated format
Loss of €7,237Debts from €4,698 to €3,279Cash from €1,711 to €407
Key points
from the 2024 annual accountsChecked score
50
Fair
Financially stronger than 47% of micro companies without a NACE code
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.4%▼ -0.1 percentage points vs 12-2024lowest value
02-2025: 1.0%▲ +0.6 percentage points vs 01-2025
03-2025: 1.0%● unchanged vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 0.9%▼ -0.1 percentage points vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 1.0%▲ +0.1 percentage points vs 06-2025
08-2025: 1.5%▲ +0.5 percentage points vs 07-2025
09-2025: 1.7%▲ +0.2 percentage points vs 08-2025
10-2025: 2.8%▲ +1.1 percentage points vs 09-2025
11-2025: 1.3%▼ -1.5 percentage points vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.4%▲ +0.1 percentage points vs 12-2025
02-2026: 1.4%● unchanged vs 01-2026
03-2026: 1.4%● unchanged vs 02-2026
04-2026: 1.3%▼ -0.1 percentage points vs 03-2026
05-2026: 1.3%● unchanged vs 04-2026
06-2026: 1.3%● unchanged vs 05-2026
07-2026: 1.3%● unchanged vs 06-2026
08-2026: 1.9%▲ +0.6 percentage points vs 07-2026
09-2026: 2.1%▲ +0.2 percentage points vs 08-2026
10-2026: 3.2%▲ +1.1 percentage points vs 09-2026highest value
11-2026: 3.2%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 267.77, cash €407, halved
Figures for financial year 2024 (filed on 14-10-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 71 days late; 2 of the last 3 accounts late
lowers risk
Size: total assets €1.1m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 81% of them on solvency, 38% on liquidity, 26% on profitability and 43% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as EPEGE has now. Each dot stands for 22 companies, two years later.
94.1%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EPEGE itself is higher: 3.2% within 12 months. It rests on far more data about EPEGE than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for EPEGE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €55,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Short-term debt is 0.3% and cash 0% of total assets. 0.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 97 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline05-11-2026 today
raises risk · 2024 accounts filed 71 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
71 days late
2023
173 days late
2023
on the day
2022
2 days early
2021
2 days late
2020
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 6 accounts on average 41 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Board and ownership
- Red Apple Investments 100%bankrupt since 01-07-2026equity €11.2m (2024) · 2022 annual accounts of Red Apple Investments
- VYVIMMO 100%equity €1.3m (2024) · 2024 annual accounts of VYVIMMO
Shares in 1 company, ENVIRONMENTAL INDUSTRIAL POWER APPLICATIONS
Board & ownershipRecent changes
Permanent representatives: Olivier Strobbe and Kurt Van Dal
Board meeting of 21-10-2025 · Gazette deed
New director
VYVIMMO appointed, VYVAPOWER resigned · Permanent representative: VAN DAL Kurt · “Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met…” (deed in Dutch) · Gazette deed
1 director appointed, 1 resignation
Resignation: Red Apple Investments NV · Permanent representative: Kurt Van Dal · Appointment: Vy vapower NV · General meeting of 11-02-2022 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0476675618
Official details
Source: KBO- Status
- Active since 15-01-2002Normal situation
- Registered office
- 12 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- “Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met…” (deed in Dutch)From the articles, 20 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.096.072.5053850 Nieuwerkerken (Limb.), since 12-06-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Companies linked to EPEGE
Parent and group
Insights on EPEGE
EPEGE files the abbreviated format. That format states no turnover. The gross margin fell from -€300 in 2006 to -€6,111 in 2024.
Red Apple Investments holds all the shares. Red Apple Investments went bankrupt on 1 July 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about EPEGE
- What is the company number of EPEGE?
- The company number of EPEGE is 0476.675.618. The VAT number is the same number with BE in front: BE 0476.675.618.
- Where is EPEGE based?
- The registered office is at Tegelrijstraat 175, 3850 Nieuwerkerken (Limb.).Company details
- What is the legal form of EPEGE?
- EPEGE is a private limited company (BV).
- When was EPEGE founded?
- EPEGE was founded on 15-01-2002.
- Is EPEGE still active?
- Yes, EPEGE is an active enterprise in the KBO register.
- What is the turnover of EPEGE?
- The annual accounts for financial year 2024 state no turnover. In financial year 2020 turnover was €0.Financials
- Is EPEGE profitable?
- In financial year 2024, EPEGE made a loss of €7,237.
- Where can I find the annual accounts of EPEGE?
- EPEGE filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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