V.PERFORMANCE
ActiveSummary
V.PERFORMANCE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €274,495 and a net result of €58,750. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 24% of 994 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+14
Solvency49▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.16 in 2023; short-term debt: 33% and cash: 3% of total assets), and 75.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 994 sector peers (2024).
NBB · sector comparisonPosition among 994 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
22 d early
2022
11 d early
2021
16 d early
2020
22 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 17 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#5 company by equity in Harelbeke, Other services sector#6 company by total assets in Harelbeke, Other services sector
Equity
€274,495▲ 27.2%
2023 · €215,744
Total assets
€1.1m▲ 5.0%
2023 · €1.1m
Net result
€58,750▲ 118%
2023 · €26,984
Working capital
€86,610▲ 59.6%
2023 · €54,254
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€23,156▼ 16.2%€24,806▲ 7.1%€103,802▲ 318%€63,426▼ 38.9%€109,599▲ 72.8%
Net result€2,680within the sector's middle half▼ 81.3%€4,736within the sector's middle half▲ 76.7%€63,231above the sector's middle half▲ 1,235%€26,984above the sector's middle half▼ 57.3%€58,750within the sector's middle half▲ 118%
Equity€120,793above the sector's middle half▲ 2.3%€125,530within the sector's middle half▲ 3.9%€188,761above the sector's middle half▲ 50.4%€215,744above the sector's middle half▲ 14.3%€274,495within the sector's middle half▲ 27.2%
Total assets€1.1mabove the sector's middle half▲ 11.4%€1.1mabove the sector's middle half▼ 5.4%€1.1mabove the sector's middle half▲ 7.6%€1.1mabove the sector's middle half▼ 4.5%€1.1mwithin the sector's middle half▲ 5.0%
Debt€997,189▲ 12.7%€931,999▼ 6.5%€948,969▲ 1.8%€871,222▼ 8.2%€866,652▼ 0.5%
Working capital-€64,095-€38,049▲ 40.6%€62,776€54,254▼ 13.6%€86,610▲ 59.6%
Solvency10.8%within the sector's middle half▼ 1.0pp11.9%within the sector's middle half▲ 1.1pp16.6%within the sector's middle half▲ 4.7pp19.8%within the sector's middle half▲ 3.3pp24.1%below the sector's middle half▲ 4.2pp
Staff (FTE)2within the sector's middle half=2.8▲ 40.0%3.6▲ 28.6%3.6=2.9within the sector's middle half▼ 19.4%
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
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 recovers in 2024; 2024 is 73% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€678,016 ▼ 1.5%
Current assets
€463,131 ▲ 16.1%
Equity and liabilities €1.1m
Equity
€274,495 ▲ 27.2%
Debt
€866,652 ▼ 0.5%
Debt's share of the balance-sheet total falls from 80.2% to 75.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€153,890▲
2023 · €106,154
Cash flow
€103,042▲
2023 · €69,712
Current ratio
1.23▲
2023 · 1.16
Quick ratio
0.37▲
2023 · 0.36
Debt to equity
3.16▼
2023 · 4.04
ROE
21.4%▲
2023 · 12.5%
ROA
5.1%▲
2023 · 2.5%
Interest coverage
5.99▲
2023 · 4.75
Debt ≤ 1 year
€376,521▲
2023 · €344,517
Debt > 1 year
€490,131▼
2023 · €526,706
Income taxes
€25,181▲
2023 · €14,134
Staff costs
€170,491▼
2023 · €195,207
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 5,049 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €595 | €7,628 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €110,426 | €180,694 | €195,207 | €170,491 | ▼ 12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,908 | €44,477 | €44,279 | €42,728 | €44,292 | ▲ 3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | €9,718 | €11,599 | €8,387 | €8,555 | ▲ 2.0% |
| Gross operating margin9900 | €152,313 | €189,427 | €340,374 | €309,748 | €332,936 | ▲ 7.5% |
| Operating profit (loss)9901 | €23,156 | €24,806 | €103,802 | €63,426 | €109,599 | ▲ 72.8% |
| Financial income75/76B | - | €113 | €17 | €44 | €2 | ▼ 95.0% |
| Recurring financial income75 | €21 | €113 | €17 | €44 | €2 | ▼ 95.0% |
| Financial charges65/66B | - | €17,287 | €16,824 | €22,352 | €25,670 | ▲ 14.8% |
| Recurring financial charges65 | €18,823 | €17,287 | €16,824 | €22,352 | €25,670 | ▲ 14.8% |
| Profit (loss) for the period before taxes9903 | €4,354 | €7,632 | €86,995 | €41,118 | €83,931 | ▲ 104% |
| Income taxes67/77 | €1,674 | €2,896 | €23,764 | €14,134 | €25,181 | ▲ 78.2% |
| Profit (loss) for the period9904 | €2,680 | €4,736 | €63,231 | €26,984 | €58,750 | ▲ 118% |
| Profit (loss) for the period to be appropriated9905 | €2,680 | €4,736 | €63,231 | €26,984 | €58,750 | ▲ 118% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 5.0% |
| Fixed assets21/28 | €912,123 | €810,040 | €726,770 | €688,195 | €678,016 | ▼ 1.5% |
| Intangible fixed assets21 | - | - | - | - | €18,339 | - |
| Tangible fixed assets22/27 | €912,123 | €810,040 | €726,770 | €688,195 | €659,677 | ▼ 4.1% |
| Land and buildings22 | - | €580,516 | €584,763 | €559,270 | €533,778 | ▼ 4.6% |
| Plant, machinery and equipment23 | - | €134,929 | €118,274 | €109,755 | €111,493 | ▲ 1.6% |
| Furniture and vehicles24 | - | €94,595 | €23,733 | €19,171 | €14,406 | ▼ 24.9% |
| Current assets29/58 | €205,860 | €247,489 | €410,959 | €398,771 | €463,131 | ▲ 16.1% |
| Stocks and contracts in progress3 | €116,879 | €135,939 | €237,512 | €274,736 | €324,275 | ▲ 18.0% |
| Stocks30/36 | - | €118,839 | €214,912 | €235,036 | €280,775 | ▲ 19.5% |
| Contracts in progress37 | - | €17,100 | €22,600 | €39,700 | €43,500 | ▲ 9.6% |
| Amounts receivable within one year40/41 | €32,899 | €40,545 | €110,218 | €51,555 | €97,347 | ▲ 88.8% |
| Trade receivables40 | - | €35,623 | €109,104 | €51,471 | €97,347 | ▲ 89.1% |
| Other amounts receivable41 | - | €4,922 | €1,114 | €85 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €30,255 | €61,142 | €57,162 | €67,678 | €34,415 | ▼ 49.1% |
| Deferred charges and accrued income490/1 | - | €9,862 | €6,067 | €4,802 | €7,095 | ▲ 47.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 5.0% |
| Equity10/15 | €120,793 | €125,530 | €188,761 | €215,744 | €274,495 | ▲ 27.2% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €100,793 | €105,530 | €168,761 | €195,744 | €254,495 | ▲ 30.0% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €0 | - | - |
| Distributable reserves133 | - | €103,530 | €166,761 | €195,744 | €254,495 | ▲ 30.0% |
| Amounts payable17/49 | €997,189 | €931,999 | €948,969 | €871,222 | €866,652 | ▼ 0.5% |
| Amounts payable after more than one year17 | €727,234 | €646,462 | €600,785 | €526,706 | €490,131 | ▼ 6.9% |
| Financial debts170/4 | - | €583,376 | €544,473 | €504,923 | €464,657 | ▼ 8.0% |
| Trade debts175 | - | - | - | - | €10,000 | - |
| Other amounts payable178/9 | - | €63,086 | €56,312 | €21,783 | €15,474 | ▼ 29.0% |
| Amounts payable within one year42/48 | €269,955 | €285,537 | €348,183 | €344,517 | €376,521 | ▲ 9.3% |
| Current portion of amounts payable after more than one year42 | - | €58,491 | €46,249 | €45,804 | €46,574 | ▲ 1.7% |
| Financial debts43 | - | €158,000 | €170,000 | €153,377 | €150,000 | ▼ 2.2% |
| Credit institutions430/8 | - | €8,000 | €20,000 | €3,377 | €0 | ▼ 100% |
| Other loans439 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Trade debts44 | €16,730 | €36,550 | €81,429 | €36,525 | €31,801 | ▼ 12.9% |
| Suppliers440/4 | - | €36,550 | €81,429 | €36,525 | €31,801 | ▼ 12.9% |
| Advances received on contracts in progress46 | - | - | - | - | €23,614 | - |
| Taxes, remuneration and social security45 | - | €24,407 | €44,106 | €51,319 | €54,397 | ▲ 6.0% |
| Taxes450/3 | - | €6,881 | €14,494 | €29,968 | €37,510 | ▲ 25.2% |
| Remuneration and social security454/9 | - | €17,526 | €29,613 | €21,350 | €16,888 | ▼ 20.9% |
| Other amounts payable47/48 | - | €8,089 | €6,399 | €57,492 | €70,134 | ▲ 22.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,680 | €4,736 | €63,231 | €26,984 | €58,750 | ▲ 118% |
| + Depreciation and write-downs630 | €16,908 | €44,477 | €44,279 | €42,728 | €44,292 | ▲ 3.7% |
| Operating cash flow (approximation) | €19,588 | €49,213 | €107,510 | €69,712 | €103,042 | ▲ 47.8% |
| Investment in fixed assets (approximation) | - | €57,606 | €38,991 | -€4,154 | -€34,112 | ▼ 721% |
| Change in cash | - | €30,886 | -€3,979 | €10,516 | -€33,263 | ▼ 416% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €215,744 ▲14.3%
6 profitable years in a row build equity to €215,744.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €63,231 ▲1,235%
Net result €63,231, the highest in the series.
31-12
Financial
Equity above €150,000Eq €188,761 ▲50.4%
5 profitable years in a row build equity to €188,761.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €2,680 ▼81.3%
Net result drops to €2,680, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Harelbeke · 1 establishment unit since 2015
Ground area
465 m²
Building footprint
197 m²
Volume, LiDAR
1,035 m³
Parcel 34322B0534/00S003, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
V.Performance
since 20152.238.622.517
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34322B0534/00S003 | Flanders | 465 m² | 1 · 197 m² | 8.9 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 469 EUR awarded · 469 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 469 EUR |
| 2024 | 1 | 469 EUR | 0 EUR |
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Of 7,378 companies in sector 95311 we hold annual accounts for 2,961. 2,272 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
95314Bodywork repair (including spraying and painting)
Contact
E-mail
klaas.vanbeveren@gmail.com
Phone
0497/ 44 12 94
Phone
056/359111
E-invoicing
Reachable via Peppol
Peppol ID
0208:0578865415
Registered
10-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.