V.P.E.
ActiveFrom the official registers: KBO 19 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of V.P.E. is 2.8% (moderate). The 2025 annual accounts show equity of €27,154 and a net result of -€8,565. Equity has been shrinking by about 12% per year since 2018. Its solvency ranks better than 39% of 34,902 sector peers (NACE 43, financial year 2025). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 23-03-2006 Normal situation
- Legal form
- Private limited company
- Registered office
- Millenniumstraat 19, 1745 Opwijk
- Activity
- General electrical installation work NACE 43211
- Establishment unit
- 2.153.785.723 1745 Opwijk, since 29-05-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 05-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.8%
- Gross margin
- €13,809
- ▲ 14×
- Turnover
- ≈ €120,000
- estimated
- Loss
- €8,565
- ▲ 35.4%
- Equity
- €27,154
- ▼ 24.0%
- Total assets
- €73,732
- ▼ 11.3%
Score breakdownraises riskLast filed accounts filed 54 days late; 2 of the last 3 accounts lateLiquidity: current ratio 1.54Loss of €8,565, the second in a row (financial year 2025)lowers riskSize: total assets €73,732Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 43, micro). It does better than 39% of them on solvency, 22% on liquidity, 10% on profitability and 16% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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Signals
The company filed its last 7 accounts on average 73 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
2025 annual accounts filed 54 days after the deadline Filed on 23 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00520762.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 23-09-2026
- Format
- micro format
- Reference
- 2026-00520762
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €4,168, larger than the loss of €1,351 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Companies with the same profile, two years later
Historical observationIn July 2024, 5,831 companies had the same profile as V.P.E. has now. Two years later, 1.7% had gone bankrupt and 84.6% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of V.P.E. itself is higher: 2.8% within 12 months. It rests on far more data about V.P.E. than the profile alone.
Test of the method
The method was tested on the 497,445 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 5,831 companies, not a prediction for V.P.E.. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,038 | €8,465 | €4,594 | €2,251 | €0 | - | €722 | €869 | ▲ 20.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €15,000 | €0 | €15,856 | - |
| Other operating charges640/8 | - | - | - | €994 | €1,107 | €2,730 | €1,636 | €1,252 | ▼ 23.5% |
| Gross operating margin9900 | €5,136 | €14,301 | €4,315 | -€2,151 | -€2,132 | €21,542 | €1,006 | €13,809 | ▲ 14× |
| Operating profit (loss)9901 | -€4,942 | €5,439 | -€2,750 | -€5,396 | -€3,239 | €3,813 | -€1,351 | -€4,168 | ▼ 208% |
| Financial income75/76B | - | - | - | €4 | €3,014 | €1,888 | €313 | €45 | ▼ 85.8% |
| Recurring financial income75 | €3,435 | €84 | €0 | €4 | €3,014 | €1,888 | €313 | €45 | ▼ 85.8% |
| Financial charges65/66B | - | - | - | €3,855 | €4,622 | €4,239 | €5,081 | €4,583 | ▼ 9.8% |
| Recurring financial charges65 | €5,068 | €5,283 | €3,954 | €3,855 | €4,622 | €4,239 | €5,081 | €4,583 | ▼ 9.8% |
| Profit (loss) for the period before taxes9903 | -€6,574 | €239 | -€6,703 | -€9,247 | -€4,847 | €1,462 | -€6,120 | -€8,706 | ▼ 42.3% |
| Income taxes67/77 | €16,977 | €4,165 | - | €1,019 | €267 | €579 | €205 | -€141 | - |
| Profit (loss) for the period9904 | -€23,551 | -€3,925 | -€6,703 | -€10,266 | -€5,114 | €883 | -€6,325 | -€8,565 | ▼ 35.4% |
| Profit (loss) for the period to be appropriated9905 | -€23,551 | -€3,925 | -€6,703 | -€10,266 | -€5,114 | €883 | -€6,325 | -€8,565 | ▼ 35.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €133,001 | €93,700 | €89,496 | €92,663 | €81,765 | €71,907 | €83,080 | €73,732 | ▼ 11.3% |
| Fixed assets21/28 | €12,236 | €3,772 | €2,251 | - | - | - | €3,032 | €2,164 | ▼ 28.6% |
| Tangible fixed assets22/27 | €12,236 | €3,772 | €2,251 | - | - | - | €3,032 | €2,164 | ▼ 28.6% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €686 | €391 | ▼ 43.0% |
| Furniture and vehicles24 | - | - | - | - | - | - | €2,346 | €1,772 | ▼ 24.5% |
| Current assets29/58 | €120,765 | €89,928 | €87,245 | €92,663 | €81,765 | €71,907 | €80,048 | €71,568 | ▼ 10.6% |
| Stocks and contracts in progress3 | €1,538 | €1,538 | €1,538 | €1,538 | €1,848 | €3,428 | €43,020 | €42,036 | ▼ 2.3% |
| Stocks30/36 | - | - | - | €1,538 | €1,848 | €3,428 | €43,020 | €42,036 | ▼ 2.3% |
| Amounts receivable within one year40/41 | €97,905 | €67,068 | €64,385 | €69,803 | €78,697 | €67,937 | €36,460 | €26,761 | ▼ 26.6% |
| Trade receivables40 | - | - | - | €56,521 | €45,724 | €37,254 | €35,023 | €26,344 | ▼ 24.8% |
| Other amounts receivable41 | - | - | - | €13,281 | €32,973 | €30,684 | €1,437 | €417 | ▼ 71.0% |
| Deferred charges and accrued income490/1 | - | - | - | €21,322 | €1,220 | €542 | €569 | €2,771 | ▲ 387% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €133,001 | €93,700 | €89,496 | €92,663 | €81,765 | €71,907 | €83,080 | €73,732 | ▼ 11.3% |
| Equity10/15 | €67,170 | €63,244 | €56,541 | €46,274 | €41,160 | €42,043 | €35,719 | €27,154 | ▼ 24.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | - | - | - | - | - |
| Other1109/19 | - | - | - | €18,600 | - | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €46,710 | €42,784 | €36,081 | €25,814 | €20,700 | €21,583 | €15,259 | €6,694 | ▼ 56.1% |
| Amounts payable17/49 | €65,832 | €30,456 | €32,956 | €46,389 | €40,604 | €29,864 | €47,362 | €46,578 | ▼ 1.7% |
| Amounts payable within one year42/48 | €65,832 | €30,456 | €32,956 | €46,389 | €40,604 | €29,864 | €47,362 | €46,578 | ▼ 1.7% |
| Financial debts43 | - | - | - | €34,575 | €28,753 | €27,038 | €32,528 | €33,809 | ▲ 3.9% |
| Credit institutions430/8 | - | - | - | €34,575 | €28,753 | €27,038 | €32,528 | €33,809 | ▲ 3.9% |
| Trade debts44 | €17,601 | €386 | €2,866 | €9,058 | €10,970 | €1,875 | €1,434 | €1,399 | ▼ 2.4% |
| Suppliers440/4 | - | - | - | €9,058 | €10,970 | €1,875 | €1,434 | €1,399 | ▼ 2.4% |
| Taxes, remuneration and social security45 | - | - | - | €2,756 | €881 | €951 | €784 | €210 | ▼ 73.2% |
| Taxes450/3 | - | - | - | €2,756 | €881 | €951 | €784 | €210 | ▼ 73.2% |
| Other amounts payable47/48 | - | - | - | - | - | - | €12,616 | €11,159 | ▼ 11.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23,551 | -€3,925 | -€6,703 | -€10,266 | -€5,114 | €883 | -€6,325 | -€8,565 | ▼ 35.4% |
| + Depreciation and write-downs630 | €9,038 | €8,465 | €4,594 | €2,251 | €0 | - | €722 | €869 | ▲ 20.3% |
| Operating cash flow (approximation) | -€14,513 | €4,539 | -€2,109 | -€8,015 | -€5,114 | €883 | -€5,603 | -€7,696 | ▼ 37.4% |
| Investment in fixed assets (approximation) | - | €0 | -€3,074 | - | - | - | - | €0 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-09-2026 | 2026-00520762 | NBB |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00437618 | |
| 31-12-2023 | micro format | 13-09-2024 | 2024-00460575 | |
| 31-12-2022 | micro format | 09-10-2023 | 2023-00479696 | |
| 31-12-2021 | micro format | 27-09-2022 | 2022-20451489 | |
| 31-12-2020 | micro format | 30-12-2021 | 2021-82500042 | |
| 31-12-2019 | micro format | 10-11-2020 | 2020-70400405 | |
| 31-12-2018 | micro format | 28-10-2019 | 2019-71900235 | |
| 31-12-2017 | micro format | 05-12-2018 | 2018-73700443 | |
| 31-12-2016 | micro format | 30-11-2017 | 2017-70800388 |
Comparable companies
These companies have the same main activity as V.P.E.: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €70,600 and €78,500, founded between 2002 and 2008.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| V.P.E. Opwijk | 2006 | €73,732 | €27,154 | €13,809 | -€8,565 | 2025 |
| KOMI&CO Brussel | 2005 | €70,562 | €7,928 | €13,508 | -€2,856 | 2025 |
| BERT VERVAEKE Ronse | 2006 | €78,454 | €51,726 | €13,099 | €1,604 | 2025 |
| BINON Fleurus | 2002 | €71,882 | €67,149 | €13,263 | €4,152 | 2025 |
| DEHAUT ELECTRICITE Comines-Warneton | 2006 | €75,925 | €55,263 | €11,221 | €7,448 | 2025 |
| Ma Petite Entreprise Wanze | 2005 | €78,211 | €51,677 | €16,815 | €9,010 | 2025 |
| WOOD ELEC Estaimpuis | 2008 | €70,679 | €25,674 | €16,191 | €3,427 | 2025 |
They were chosen from the 10,240 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Vissers Kristof |
|
The board according to the articles of association
Board and representation
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Artikel 15. Bestuur - Vertegenwoordiging - Handtekening (extern) 15.1. Handtekeningsbevoegdheid Generieke handtekening Alle akten die de…”
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Individueel bestuur:elke bestuurder kan alleen beslissen, mogelijk”“College voorgezeten door statutair bestuurder,bij gebreke door aangewezen bestuurder, algemene vergadering bepaalt aantal,duur,bevoegdheid”“Artikel14, bestuursorgaan stelt alle bestuurshandelingen nodig of nuttig voor voorwerp behoudens wet of statuten aan algemene vergadering…”“Bevoegdheidsbeperkingen, Artikel14bis”1 more provision on this in the deed
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 19-06-2024
Owners and capital
Capital transactions
- 19-06-2024 Converted to unavailable equity
Shares according to the articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Elk aandeel één stem (enkelvoudig stemrecht), 186”
- Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
- “Elektronische communicatie, aandeelhouders en bestuurders kunnen e-mailadres meedelen waarlangs communicatie dient te verlopen”“Uittreding-en uitsluitingsclausule”“Vruchtgebruiker heeft in principe stemrecht én recht op vruchten, aandelen met vruchtgebruik”“Niet van toepassing”“Dagelijks bestuur, Artikel16”“20:00, zetel”“Toegang algemene vergadering, Artikel19”“12-31, 01-01”“Bestemming winst en reserves, Artikel24”Liquidation distribution: “Artikel27, netto actief onder alle aandeelhouders naar verhouding aantal aandelen”1 more provision in the deed, see the deed of 19-06-2024
Articles of association, deed of 19-06-2024 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from the directors of V.P.E.. Every other company they run is a node.
History
Acts, filings and financial milestones
19-06
Gazette deed
Appointment: Vissers Kristof (director)Amendment of the articles · Legal-form conversion · Capital conversion10 points ▸
- General meeting, “met éénparigheid van stemmen, buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Amendment of the articles, mentioned 4 times in the deed
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbaar eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “statutair onbeschikbaar eigen vermogensrekening, opheffing volledig” (deed in Dutch)
- Board rule, 0, 0
- Director appointment, Vissers Kristof (director)
- Other provision, “elke bestuurder (gewoon,statutair en/of gedelegeerd-bestuurder), aanvaarding mandaat” (deed in Dutch)
- Other provision, “voorwerp vennootschap, behoud van het voorwerp” (deed in Dutch)
- Other provision, “beredeneerd uittreksel, Voor beredeneerd uittreksel (vóór registratie)” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 20256 activities
- Alle electriciteitswerken en electronica
- Groot-en kleinhandel in electrische toestellen en materieel
- Bouwwerken,renovatie en verbouwingen
- Inbraakbeveiliging,domotica en databekabeling
- Verwarming en sanitair
- Immobiliën
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0880.202.051
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23060B0651/00S003 | Flanders | 556 m² | 1 · 140 m² | 8.6 m · 2 |