Pure Vape
ActivePure Vape has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.34M and a net result of €551k. Equity is growing by ~49.1% per year across the filed fiscal years. Its solvency ranks better than 62% of 7993 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability98▼-2
Solvency81▼-17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 2.25 against 4.0 in 2024; short-term debt: 40.4% and cash: 58% of total assets), and 43.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
56.1%
Return on assets
23.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-05-2026, 86 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
86 d early
2024
43 d early
2023
42 d early
2022
40 d early
2021
18 d early
2020
1 d early
2019
128 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.34M▼ 35.9%
2024 · €2.09M
2018: €149k
2019: €170k
2020: €289k
2021: €344k
2022: €637k
2023: €1.13M
2024: €2.09M
2018 → 2025
Total assets
€2.38M▼ 16.2%
2024 · €2.84M
2018: €408k
2019: €447k
2020: €746k
2021: €701k
2022: €918k
2023: €1.49M
2024: €2.84M
2018 → 2025
Net result
€551k▼ 42.4%
2024 · €956k
2018: €94k
2019: €20k
2020: €120k
2021: €91k
2022: €286k
2023: €493k
2024: €956k
2018 → 2025
Working capital
€1.20M▼ 39.1%
2024 · €1.97M
2018: €110k
2019: €78k
2020: €140k
2021: €189k
2022: €473k
2023: €937k
2024: €1.97M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€344k-€637k▲ 85.0%€1.13M▲ 77.4%€2.09M▲ 84.7%€1.34M▼ 35.9%
Operating result€132k-€383k▲ 191%€664k▲ 73.1%€1.28M▲ 92.6%€726k▼ 43.2%
Net result€91k-€286k▲ 214%€493k▲ 72.2%€956k▲ 94.1%€551k▼ 42.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.38M
Fixed assets
€220k▲ 1.3%
Current assets
€2.16M▼ 17.6%
Equity and liabilities €2.38M
Equity
€1.34M▼ 35.9%
Debt
€1.05M▲ 38.1%
The debt ratio rises from 26.6% to 43.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€754k▼
2024 · €1.29M
Cash flow
€579k▼
2024 · €972k
Solvency
56.1%▼
2024 · 73.4%
Current ratio
2.25▼
2024 · 4.00
Quick ratio
1.99▼
2024 · 3.67
Debt / equity
0.78▲
2024 · 0.36
ROE
41.2%▼
2024 · 45.9%
ROA
23.1%▼
2024 · 33.6%
Interest coverage
48.46▼
2024 · 76.74
Debt
€1.05M▲
2024 · €758k
Debt ≤ 1 year
€963k▲
2024 · €657k
Debt > 1 year
€84k▼
2024 · €101k
Income taxes
€186k▼
2024 · €309k
Staff costs
€184k▲
2024 · €158k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.84M€2.38M▼
Fixed assets21/28€217k€220k▲
Tangible fixed assets22/27€192k€195k▲
Land and buildings22€126k€119k▼
Plant, machinery and equipment23€65k€50k▼
Furniture and vehicles24€0€25k▲
Financial fixed assets28€26k€26k=
Current assets29/58€2.63M€2.16M▼
Stocks and contracts in progress3€214k€247k▲
Stocks30/36€214k€247k▲
Amounts receivable within one year40/41€494k€228k▼
Trade receivables40€287k€225k▼
Other amounts receivable41€208k€3k▼
Current investments50/53€59k€99k▲
Cash at bank and in hand54/58€1.77M€1.38M▼
Deferred charges and accrued income490/1€92k€206k▲
Equity and liabilities
Total equity and liabilities10/49€2.84M€2.38M▼
Equity10/15€2.09M€1.34M▼
Contributions10/11€19k€19k=
Reserves13€2.07M€1.32M▼
Tax-exempt reserves132€842k€1.26M▲
Distributable reserves133€1.23M€55k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€758k€1.05M▲
Amounts payable after more than one year17€101k€84k▼
Financial debts170/4€101k€84k▼
Amounts payable within one year42/48€657k€963k▲
Current portion of amounts payable after more than one year42€23k€17k▼
Trade debts44€371k€384k▲
Suppliers440/4€371k€384k▲
Taxes, remuneration and social security45€36k€135k▲
Taxes450/3€11k€82k▲
Remuneration and social security454/9€25k€52k▲
Other amounts payable47/48€228k€427k▲
Accrued charges and deferred income492/3-€8
Income statement
Code20242025
Non-recurring operating income76A€8k€0▼
Remuneration, social security and pensions62€158k€184k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€28k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€30k€12k▼
Non-recurring operating charges66A€1k€0▼
Gross operating margin9900€1.48M€950k▼
Operating profit (loss)9901€1.28M€726k▼
Financial income75/76B€4k€26k▲
Recurring financial income75€4k€24k▲
Non-recurring financial income76B-€2k
Financial charges65/66B€17k€16k▼
Recurring financial charges65€17k€16k▼
Profit (loss) for the period before taxes9903€1.27M€737k▼
Income taxes67/77€309k€186k▼
Profit (loss) for the period9904€956k€551k▼
Transfer to tax-exempt reserves689€842k€421k▼
Profit (loss) for the period to be appropriated9905€114k€130k▲
Appropriation of the result
Profit (loss) to be appropriated9906€114k€130k▲
Transfer from equity791/2-€1.30M
Transfer to equity691/2€114k€130k▲
To other reserves6921€114k€130k▲
Profit to be distributed694/7-€1.30M
Return on contributions (dividend)694-€1.30M
Social balance
Average headcount (FTE)90874.43.9▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €956k ▲94.1%
Operating result €1.28M, net result €956k, both a record.
31-12
Financial
Equity above €2MEq €2.09M ▲84.7%
7 profitable years in a row build equity to €2.09M.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.13M ▲77.4%
6 profitable years in a row build equity to €1.13M.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 4.79
Current ratio from 2.07 to 4.79; short-term debt falls from €177k to €125k.
31-12
Financial
Equity above €500kEq €637k ▲85%
5 profitable years in a row build equity to €637k.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €289k ▲70.7%
3 profitable years in a row build equity to €289k.
06-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 128 days late
2019
31-12
Financial
Weakest financial yearnet €20k ▼78.4%
Net result drops to €20k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €170k ▲13.7%
2 profitable years in a row build equity to €170k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Liedekerke · 3 establishment units since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Holstraat 1171770 LiedekerkeGround area
4,775 m²
Building footprint
1,998 m²
Volume, LiDAR
7,220 m³
3 parcels, Flanders · tallest building 14.8 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
Pure Vape
since 20162.258.364.985
Pure Vape
since 20162.258.365.084
Nijverheidszone 'Begijnenmeers' 49, 1770 Liedekerke
since 20232.352.386.689
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23030C0140/00N000 | Flanders | 2,903 m² | 1 · 1,105 m² | 14.8 m |
| 23044A0068/00Z000 | Flanders | 1,257 m² | 1 · 715 m² | 7.4 m · 2 fl. |
| 23762D0472/00K000 | Flanders | 615 m² | 1 · 178 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,422 companies in sector 46180 we hold annual accounts for 1,886. 809 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-10-2016
Fiscal year end31-12
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
47789Other retail sale of new goods
46450Wholesale of perfume and cosmetics
46499Wholesale of other household goods
46900Non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.