V.P.E.
ActiveSummary
V.P.E. has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27k and a net result of €-9k. Equity is shrinking by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 46% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-5
Solvency62▼-6
Growth58=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.69 in 2024; short-term debt: 63.2% of total assets), but 63.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.8%
Return on assets
-11.6%
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
54 d late
2024
29 d late
2023
44 d late
2022
70 d late
2021
58 d late
2020
152 d late
2019
102 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€27k▼ 24.0%
2024 · €36k
2018: €67k
2019: €63k
2020: €57k
2021: €46k
2022: €41k
2023: €42k
2024: €36k
2018 → 2025
Total assets
€74k▼ 11.3%
2024 · €83k
2018: €133k
2019: €94k
2020: €89k
2021: €93k
2022: €82k
2023: €72k
2024: €83k
2018 → 2025
Net result
€-9k▼ 35.4%
2024 · €-6k
2018: €-24k
2019: €-4k
2020: €-7k
2021: €-10k
2022: €-5k
2023: €883
2024: €-6k
2018 → 2025
Working capital
€25k▼ 23.5%
2024 · €33k
2018: €55k
2019: €59k
2020: €54k
2021: €46k
2022: €41k
2023: €42k
2024: €33k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€46k-€41k▼ 11.1%€42k▲ 2.1%€36k▼ 15.0%€27k▼ 24.0%
Operating result€-5k-€-3k▲ 40.0%€4k€-1k€-4k▼ 208%
Net result€-10k-€-5k▲ 50.2%€883€-6k€-9k▼ 35.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €1k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74k
Fixed assets
€2k ▼ 28.6%
Current assets
€72k ▼ 10.6%
Equity and liabilities €74k
Equity
€27k ▼ 24.0%
Debt
€47k ▼ 1.7%
Debt's share of the balance-sheet total rises from 57.0% to 63.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▼
2024 · €-629
Cash flow
€-8k▼
2024 · €-6k
Current ratio
1.54▼
2024 · 1.69
Quick ratio
0.63▼
2024 · 0.78
Debt to equity
1.72▲
2024 · 1.33
ROE
-31.5%▼
2024 · -17.7%
ROA
-11.6%▼
2024 · -7.6%
Interest coverage
-0.72▼
2024 · -0.12
Debt ≤ 1 year
€47k▼
2024 · €47k
Income taxes
€-141▼
2024 · €205
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€83k€74k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€686€391▼
Furniture and vehicles24€2k€2k▼
Current assets29/58€80k€72k▼
Stocks and contracts in progress3€43k€42k▼
Stocks30/36€43k€42k▼
Amounts receivable within one year40/41€36k€27k▼
Trade receivables40€35k€26k▼
Other amounts receivable41€1k€417▼
Deferred charges and accrued income490/1€569€3k▲
Equity and liabilities
Total equity and liabilities10/49€83k€74k▼
Equity10/15€36k€27k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€15k€7k▼
Amounts payable17/49€47k€47k▼
Amounts payable within one year42/48€47k€47k▼
Financial debts43€33k€34k▲
Credit institutions430/8€33k€34k▲
Trade debts44€1k€1k▼
Suppliers440/4€1k€1k▼
Taxes, remuneration and social security45€784€210▼
Taxes450/3€784€210▼
Other amounts payable47/48€13k€11k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€722€869▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€16k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€1k€14k▲
Operating profit (loss)9901€-1k€-4k▼
Financial income75/76B€313€45▼
Recurring financial income75€313€45▼
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€-6k€-9k▼
Income taxes67/77€205€-141▼
Profit (loss) for the period9904€-6k€-9k▼
Profit (loss) for the period to be appropriated9905€-6k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€7k▼
Profit (loss) brought forward from the previous period14P€22k€15k▼
The notes to these accounts (6 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
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 54 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 44 days late
2023
31-12
Financial
Back to profitnet €883
Net result €883 after 5 loss-making years.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 152 days late
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 89 days late
2018
05-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 127 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Opwijk · 1 establishment unit since 2006
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.
Millenniumstraat 191745 OpwijkGround area
556 m²
Building footprint
140 m²
Volume, LiDAR
847 m³
Parcel 23060B0651/00S003, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
V.P.E.
since 20062.153.785.723
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23060B0651/00S003 | Flanders | 556 m² | 1 · 140 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
Puttemans Dirk
BE 0647.763.030
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MARBAIX D
BE 0418.669.123
Flobecq · Eq €35,714
SMETS-VERVAECKE
BE 0719.409.804
Merchtem · Eq €35,770
SOFITREND
BE 0434.807.844
Kortrijk · Eq €35,770
Staes Renovatie
BE 1015.684.030
Evergem · Eq €35,663
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,204 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-03-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.