V.P. IMMO
ActiveSummary
V.P. IMMO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €136,357 and a net result of €6,426. Equity is growing by ~11.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▼-2
Solvency51▲+1
Growth47▼-1
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.07 in 2023; short-term debt: 74.3% and cash: 2% of total assets), and 74.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 2024Solvency, return and age of the figures
Solvency
25.7%
Return on assets
1.2%
Age of the figures
23 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 25-06-2026, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
31 d early
2023
3 d early
2022
5 d early
2021
70 d early
2020
74 d early
2019
178 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 48 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today. Usually files around 26 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-10-2026 close31-05-2027 deadline
History
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Financials · fiscal year 2024, full schema
Turnover
€43,182▼ 1.3%
2023 · €43,750
EBIT margin
18.9%▼ 29.9pp
2023 · 48.9%
Net result
€6,426▼ 57.6%
2023 · €15,144
Working capital
-€383,858▼ 3.2%
2023 · -€371,822
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€40,330▲ 1.3%€40,829▲ 1.2%€40,829=€43,750▲ 7.2%€43,182▼ 1.3%
Operating result€22,104▲ 52.0%€682▼ 96.9%€22,276▲ 3,166%€21,373▼ 4.1%€8,163▼ 61.8%
Net result€17,921▲ 107%-€5,714€22,893€15,144▼ 33.8%€6,426▼ 57.6%
EBIT margin54.8%▲ 18.3pp1.7%▼ 53.1pp54.6%▲ 52.9pp48.9%▼ 5.7pp18.9%▼ 29.9pp
Equity€97,608▲ 22.5%€91,894▼ 5.9%€114,787▲ 24.9%€129,931▲ 13.2%€136,357▲ 4.9%
Total assets€123,979▲ 6.1%€248,014▲ 100%€255,759▲ 3.1%€529,669▲ 107%€531,346▲ 0.3%
Debt€26,371▼ 29.1%€156,120▲ 492%€140,972▼ 9.7%€399,738▲ 184%€394,989▼ 1.2%
Working capital€21,320▲ 348%-€106,579-€75,870▲ 28.8%-€371,822▼ 390%-€383,858▼ 3.2%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 62% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €531,346
Fixed assets
€520,215 ▲ 3.6%
Current assets
€11,131 ▼ 59.4%
Equity and liabilities €531,346
Equity
€136,357 ▲ 4.9%
Debt
€394,989 ▼ 1.2%
Debt's share of the balance-sheet total falls from 75.5% to 74.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29,929▼
2023 · €32,026
Cash flow
€28,192▲
2023 · €25,797
Current ratio
0.03▼
2023 · 0.07
Debt to equity
2.90▼
2023 · 3.08
ROE
4.7%▼
2023 · 11.7%
ROA
1.2%▼
2023 · 2.9%
Interest coverage
409.99▼
2023 · 410.59
Debt ≤ 1 year
€394,989▼
2023 · €399,238
Income taxes
€1,664▼
2023 · €6,151
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,681 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €40,330 | €40,829 | €40,829 | €43,750 | €43,182 | ▼ 1.3% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €9,610 | €10,295 | €11,767 | ▲ 14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,577 | €7,815 | €7,815 | €10,653 | €21,766 | ▲ 104% |
| Other operating charges640/8 | - | - | €1,302 | €1,429 | €1,486 | ▲ 4.0% |
| Gross operating margin9900 | €29,925 | €9,750 | €31,393 | €33,455 | €31,415 | ▼ 6.1% |
| Operating profit (loss)9901 | €22,104 | €682 | €22,276 | €21,373 | €8,163 | ▼ 61.8% |
| Financial income75/76B | - | - | €818 | - | - | - |
| Recurring financial income75 | €598 | - | €818 | - | - | - |
| Non-recurring financial income76B | - | - | €818 | - | - | - |
| Financial charges65/66B | - | - | €46 | €78 | €73 | ▼ 6.4% |
| Recurring financial charges65 | €565 | €100 | €46 | €78 | €73 | ▼ 6.4% |
| Profit (loss) for the period before taxes9903 | €22,137 | €582 | €23,048 | €21,295 | €8,090 | ▼ 62.0% |
| Income taxes67/77 | €4,216 | €6,296 | €155 | €6,151 | €1,664 | ▼ 72.9% |
| Profit (loss) for the period9904 | €17,921 | -€5,714 | €22,893 | €15,144 | €6,426 | ▼ 57.6% |
| Profit (loss) for the period to be appropriated9905 | €17,921 | -€5,714 | €22,893 | €15,144 | €6,426 | ▼ 57.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €123,979 | €248,014 | €255,759 | €529,669 | €531,346 | ▲ 0.3% |
| Fixed assets21/28 | €76,788 | €198,973 | €191,158 | €502,253 | €520,215 | ▲ 3.6% |
| Tangible fixed assets22/27 | €76,788 | €198,973 | €191,158 | €488,628 | €506,590 | ▲ 3.7% |
| Land and buildings22 | - | - | €183,387 | €455,734 | €440,454 | ▼ 3.4% |
| Plant, machinery and equipment23 | - | - | €7,771 | €32,894 | €66,136 | ▲ 101% |
| Financial fixed assets28 | - | - | - | €13,625 | €13,625 | = |
| Current assets29/58 | €47,191 | €49,041 | €64,601 | €27,416 | €11,131 | ▼ 59.4% |
| Amounts receivable within one year40/41 | - | - | - | - | €256 | - |
| Other amounts receivable41 | - | - | - | - | €256 | - |
| Cash at bank and in hand54/58 | €47,191 | €49,041 | €64,601 | €27,415 | €10,875 | ▼ 60.3% |
| Deferred charges and accrued income490/1 | - | - | - | €1 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €123,979 | €248,014 | €255,759 | €529,669 | €531,346 | ▲ 0.3% |
| Equity10/15 | €97,608 | €91,894 | €114,787 | €129,931 | €136,357 | ▲ 4.9% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Capital10 | - | - | €50,000 | €50,000 | €50,000 | = |
| Issued capital100 | - | - | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €17,753 | €17,753 | €17,753 | €17,753 | €17,753 | = |
| Non-distributable reserves130/1 | - | - | €432 | €432 | €432 | = |
| Legal reserve130 | - | - | €432 | €432 | €432 | = |
| Tax-exempt reserves132 | - | - | €17,321 | €17,321 | €17,321 | = |
| Profit (loss) carried forward14 | €29,855 | €24,141 | €47,034 | €62,178 | €68,604 | ▲ 10.3% |
| Amounts payable17/49 | €26,371 | €156,120 | €140,972 | €399,738 | €394,989 | ▼ 1.2% |
| Amounts payable within one year42/48 | €25,871 | €155,620 | €140,471 | €399,238 | €394,989 | ▼ 1.1% |
| Trade debts44 | - | €1,254 | €1,302 | €30,069 | - | - |
| Suppliers440/4 | - | - | €1,302 | €30,069 | - | - |
| Other amounts payable47/48 | - | - | €139,169 | €369,169 | €394,989 | ▲ 7.0% |
| Accrued charges and deferred income492/3 | - | - | €501 | €500 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,921 | -€5,714 | €22,893 | €15,144 | €6,426 | ▼ 57.6% |
| + Depreciation and write-downs630 | €6,577 | €7,815 | €7,815 | €10,653 | €21,766 | ▲ 104% |
| Operating cash flow (approximation) | €24,498 | €2,101 | €30,708 | €25,797 | €28,192 | ▲ 9.3% |
| Investment in fixed assets (approximation) | - | -€130,000 | €0 | -€321,748 | -€39,728 | ▲ 87.7% |
| Change in cash | - | €1,850 | €15,560 | -€37,186 | -€16,540 | ▲ 55.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-10
Financial
Back to profitnet €22,893
Net result €22,893 after one loss-making year.
31-10
Financial
Equity above €100,000Eq €114,787 ▲24.9%
Equity rises from €91,894 to €114,787.
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-10
Financial
Weakest financial yearnet -€5,714
Net result drops to -€5,714, the lowest in the series; recovery starts the following year.
18-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
05-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
14-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Celles (lez-Tournai)
Ground area
695 m²
Building footprint
203 m²
Volume, LiDAR
1,043 m³
Parcel 57083A0103/00P000, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57083A0103/00P000 | Wallonia | 695 m² | 1 · 202 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded28-08-2000
Fiscal year end31-10
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472652294
Also
9925:BE0472652294
Registered
16-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.