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V.P.O.

Active
Public limited companyfounded 199333 years activeEmile de Becolaan 71, 1050 Elsene, BelgiumKBO/BCE: BE 0449.403.968
Summary

V.P.O. has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€7,427) and a net result of -€5,869. Equity is shrinking by ~54.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 1,315 sector peers (NACE 96, fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Overview

Activity
Other personal services
NACE 96999
1 site
Size
€2,831total assets 2025
Equity
-€7,427
Loss
-€5,869
Turnover not published (abridged schema)
Financial health
53 Fair Checked score 2025
Bankruptcy probability, 12 months
0.5%
Structure
Holdings
1
Accounts filed 27 days late0 of 4 deeds read
Why 53Capped at 59: negative equity- Negative equity -€7,427- Loss of €5,869, the second in a row (FY 2025)+ Size: total assets €2,831+ Liquidity: current ratio 0.26, cash €2,518, halvedShow the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 17% of its sector peers (NACE 96, micro)
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0-4
equity -262.3% of total assets
Liquidity 50=
short-term debt 362.3% · cash 88.9%
Profitability 0=
return on assets -207.3%
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (7,592 companies)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.5%▲ +0.1 percentage points vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.4%▼ -0.1 percentage points vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025lowest value 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.8%▲ +0.3 percentage points vs 07-2025 09-2025: 0.6%▼ -0.2 percentage points vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.5%▼ -0.1 percentage points vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.6%▲ +0.1 percentage points vs 06-2026 08-2026: 0.9%▲ +0.3 percentage points vs 07-2026highest value 09-2026: 0.5%▼ -0.4 percentage points vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 96, micro): better than 11% on solvency, 47% on liquidity, 8% on profitability and 2% on growth.

The bankruptcy probability was computed on 06-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €2,831
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity -€7,427
NBB · annual accounts
raises risk · Loss of €5,869, the second in a row (FY 2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.26, cash €2,518, halved
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€7,427
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 filings
Deviation from the deadline
2025
27 days late
2024
29 days late
2023
28 days late
2022
30 days late
2021
61 days late
2020
90 days late
2019
122 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 55 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.

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. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€7,427 View
  • Risk: 8 loss-making years in a rowloss fiscal year 2025 -€5,869 View
  • Caution: Among the weakest 9% on solvencysector median 31.1% · 1,315 companies -262.3% View

By topic

Financials

Fiscal year
2025
Total assets
€2,831
Loss
-€5,869
Solvency
-262.3%
Total assets▼ 61.6%
Net result
20182025
Go to Financials

Timeline

Events
11
Since
2017
Next accounts
by 31-07-2027
  1. 30-08-2023Annual accounts filed
  2. 30-09-2022Annual accounts filed
  3. 29-10-2021Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other personal servicesNACE 96999
Founded
29-01-1993
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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