Equity
V.PERFORMANCE has made a profit in every financial year since 2015.
V.PERFORMANCE has made a profit in every financial year since 2015.
€464,657 of the debts are secured on the company's own assets. In 2024 that was €504,923.
The 2016 accounts came 22 days late. The other nine of the last ten were filed on time.
In July 2024, 5,053 companies had the same profile as V.PERFORMANCE has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 5,053 companies, not a prediction for V.PERFORMANCE. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| V.PERFORMANCE Harelbeke | €1.2m | €348,958 | 28.9% | 2.9 |
| GARAGE KEIRSEBILCK Ingelmunster | €1.2m | €295,730 | 23.8% | 3 |
| Delabie Motors Kortrijk | €1.5m | €437,955 | 51.5% | 2.4 |
| GARAGE PLANCKAERT Kortrijk | €1.3m | €400,555 | 35.5% | 2 |
| GARAGE LIEVEN VERHELST Ledegem | €1.0m | €320,500 | 14.8% | 2 |
| CDM Cars Tielt | €1.7m | €296,554 | 2.6% | 3.6 |
| Garage Heuten Aartselaar | €1.0m | €314,340 | 30.4% | 2.5 |
These companies have the same main activity as V.PERFORMANCE: general maintenance and repair of cars and light vans (up to 3.5 tonnes) (NACE 95311). They are comparable in size and age: total assets between €956,000 and €1.7m, founded between 2011 and 2015.
V.PERFORMANCE files the abbreviated format. That format states no turnover. The gross margin rose from €57,437 in 2015 to €348,958 in 2025.
The balance sheet grew most from 2018 to 2020 through fixed assets, financed with long-term debt.
In 2023, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.3m. Estimated: probably between €960,000 and €1.8m.
Higher than 34% of 1,317 companies in 2025.
Higher than 41% of 1,292 companies in 2025.
Higher than 53% of 1,291 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
1.2m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.0m | 359,695 | 259,697 | 241,939 | 150,663 | |
21/28 |
630,942 | 678,016 | 688,195 | 726,770 | 810,040 | 912,123 | 793,358 | 100,030 | 6,774 | 15,132 | 21,823 | |
21 |
14,339 | 18,339 | - | - | - | - | - | 36 | 73 | 109 | 146 | |
22/27 |
616,604 | 659,677 | 688,195 | 726,770 | 810,040 | 912,123 | 793,358 | 99,994 | 6,701 | 15,023 | 21,677 | |
22 |
508,285 | 533,778 | 559,270 | 584,763 | 580,516 | 660,792 | 667,467 | - | - | - | - | |
23 |
99,741 | 111,493 | 109,755 | 118,274 | 134,929 | 150,082 | 24,643 | 18,932 | 5,698 | 12,352 | 16,839 | |
24 |
8,578 | 14,406 | 19,171 | 23,733 | 94,595 | 101,249 | 101,249 | 81,061 | 1,003 | 2,670 | 4,838 | |
29/58 |
560,805 | 463,131 | 398,771 | 410,959 | 247,489 | 205,860 | 209,937 | 259,665 | 252,923 | 226,808 | 128,840 | |
3 |
369,089 | 324,275 | 274,736 | 237,512 | 135,939 | 135,779 | 138,875 | 171,692 | 186,984 | 170,376 | 72,278 | |
30/36 |
308,989 | 280,775 | 235,036 | 214,912 | 118,839 | 116,879 | 115,209 | 154,750 | 186,984 | 170,376 | 72,278 | |
37 |
60,100 | 43,500 | 39,700 | 22,600 | 17,100 | 18,900 | 23,666 | 16,942 | - | - | - | |
40/41 |
75,118 | 97,347 | 51,555 | 110,218 | 40,545 | 32,899 | 37,745 | 17,808 | 11,307 | 18,206 | 42,742 | |
40 |
75,118 | 97,347 | 51,471 | 109,104 | 35,623 | 29,258 | 26,025 | 6,772 | 4,646 | 18,206 | 42,692 | |
41 |
- | 0 | 85 | 1,114 | 4,922 | 3,642 | 11,719 | 11,037 | 6,661 | - | 50 | |
54/58 |
110,238 | 34,415 | 67,678 | 57,162 | 61,142 | 30,255 | 22,443 | 67,148 | 51,611 | 33,686 | 13,820 | |
490/1 |
6,359 | 7,095 | 4,802 | 6,067 | 9,862 | 6,927 | 10,874 | 3,016 | 3,021 | 4,539 | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
1.2m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.0m | 359,695 | 259,697 | 241,939 | 150,663 | |
10/15 |
344,059 | 274,495 | 215,744 | 188,761 | 125,530 | 120,793 | 118,114 | 105,418 | 85,832 | 70,157 | 38,780 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
100 |
- | - | - | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
13 |
324,059 | 254,495 | 195,744 | 168,761 | 105,530 | 100,793 | 98,114 | 85,418 | 65,832 | 50,157 | 18,780 | |
130/1 |
- | - | 0 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,000 | 2,000 | 2,000 | 2,000 | 1,500 | |
1311 |
- | - | 0 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | |
133 |
324,059 | 254,495 | 195,744 | 166,761 | 103,530 | 98,793 | 96,114 | 83,418 | 63,832 | 48,157 | 17,280 | |
17/49 |
847,689 | 866,652 | 871,222 | 948,969 | 931,999 | 997,189 | 885,181 | 254,277 | 173,865 | 171,782 | 111,882 | |
17 |
440,760 | 490,131 | 526,706 | 600,785 | 646,462 | 727,234 | 691,376 | 49,869 | 26,767 | 32,917 | 39,408 | |
170/4 |
426,649 | 464,657 | 504,923 | 544,473 | 583,376 | 628,368 | 677,379 | 29,407 | - | - | - | |
175 |
5,000 | 10,000 | - | - | - | - | - | - | - | - | - | |
178/9 |
9,111 | 15,474 | 21,783 | 56,312 | 63,086 | 98,866 | 13,998 | 20,462 | 26,767 | 32,917 | 39,408 | |
42/48 |
403,930 | 376,521 | 344,517 | 348,183 | 285,537 | 269,955 | 193,805 | 204,408 | 145,519 | 137,452 | 71,813 | |
42 |
44,371 | 46,574 | 45,804 | 46,249 | 58,491 | 61,702 | 27,001 | 17,352 | 6,150 | 5,998 | 5,838 | |
43 |
150,000 | 150,000 | 153,377 | 170,000 | 158,000 | 126,649 | 128,016 | 128,016 | 79,021 | 53,351 | - | |
430/8 |
150,000 | 0 | 3,377 | 20,000 | 8,000 | 1,649 | 3,016 | 3,016 | 79,021 | 3,351 | - | |
439 |
0 | 150,000 | 150,000 | 150,000 | 150,000 | 125,000 | 125,000 | 125,000 | - | 50,000 | - | |
44 |
68,997 | 31,801 | 36,525 | 81,429 | 36,550 | 16,730 | 19,843 | 21,269 | 7,856 | 17,441 | 15,471 | |
440/4 |
68,997 | 31,801 | 36,525 | 81,429 | 36,550 | 16,730 | 19,843 | 21,269 | 7,856 | 17,441 | 15,471 | |
46 |
0 | 23,614 | - | - | - | - | - | - | - | - | 5,375 | |
45 |
55,727 | 54,397 | 51,319 | 44,106 | 24,407 | 18,790 | 1,190 | 14,885 | 16,706 | 15,295 | 11,358 | |
450/3 |
38,283 | 37,510 | 29,968 | 14,494 | 6,881 | 9,518 | 394 | 7,532 | 12,206 | 10,795 | 11,358 | |
454/9 |
17,444 | 16,888 | 21,350 | 29,613 | 17,526 | 9,272 | 796 | 7,353 | 4,500 | 4,500 | - | |
47/48 |
84,835 | 70,134 | 57,492 | 6,399 | 8,089 | 46,083 | 17,755 | 22,887 | 35,787 | 45,367 | 33,771 | |
492/3 |
2,999 | - | - | - | - | - | - | - | 1,578 | 1,414 | 662 | |
| Income statement | ||||||||||||
76A |
5,800 | - | 0 | 7,628 | 595 | - | - | - | - | - | - | |
9900 |
348,958 | 332,936 | 309,748 | 340,374 | 189,427 | 152,313 | 132,243 | 91,650 | 77,607 | 91,851 | 57,437 | |
62 |
164,400 | 170,491 | 195,207 | 180,694 | 110,426 | 98,049 | 92,160 | 46,523 | 38,407 | 20,117 | - | |
630 |
47,074 | 44,292 | 42,728 | 44,279 | 44,477 | 16,908 | 7,771 | 9,909 | 8,358 | 9,815 | 14,017 | |
631/4 |
- | - | - | - | 0 | -944 | - | - | - | - | 944 | |
640/8 |
11,321 | 8,555 | 8,387 | 11,599 | 9,718 | 15,144 | 4,682 | 4,809 | 5,002 | 4,221 | 4,357 | |
9901 |
126,163 | 109,599 | 63,426 | 103,802 | 24,806 | 23,156 | 27,630 | 30,409 | 25,841 | 57,698 | 38,119 | |
75/76B |
22 | 2 | 44 | 17 | 113 | 21 | 550 | 216 | 2 | 303 | - | |
75 |
22 | 2 | 44 | 17 | 113 | 21 | 550 | 216 | 2 | 303 | - | |
65/66B |
27,026 | 25,670 | 22,352 | 16,824 | 17,287 | 18,823 | 9,937 | 4,815 | 4,829 | 3,812 | 1,939 | |
65 |
27,026 | 25,670 | 22,352 | 16,824 | 17,287 | 18,823 | 9,937 | 4,815 | 4,829 | 3,812 | 1,939 | |
9903 |
99,158 | 83,931 | 41,118 | 86,995 | 7,632 | 4,354 | 18,243 | 25,810 | 21,013 | 54,189 | 36,180 | |
67/77 |
29,594 | 25,181 | 14,134 | 23,764 | 2,896 | 1,674 | 3,923 | 4,625 | 5,339 | 11,811 | 6,400 | |
9904 |
69,564 | 58,750 | 26,984 | 63,231 | 4,736 | 2,680 | 14,320 | 21,186 | 15,675 | 42,377 | 29,780 | |
9905 |
69,564 | 58,750 | 26,984 | 63,231 | 4,736 | 2,680 | 14,320 | 21,186 | 15,675 | 42,377 | 29,780 | |
| Appropriation of the result | ||||||||||||
9906 |
69,564 | 58,750 | 26,984 | 63,231 | 4,736 | 2,680 | 14,320 | 21,186 | 15,675 | 42,377 | 29,780 | |
691/2 |
69,564 | 58,750 | 26,984 | 63,231 | 4,736 | 2,680 | 12,696 | 19,586 | 15,675 | 31,377 | 18,780 | |
6920 |
- | - | - | - | - | - | - | - | - | 500 | 1,500 | |
6921 |
69,564 | 58,750 | 26,984 | 63,231 | 4,736 | 2,680 | 12,696 | 19,586 | 15,675 | 30,877 | 17,280 | |
694/7 |
- | - | - | - | - | 0 | 1,624 | 1,600 | - | 11,000 | 11,000 | |
694 |
- | - | - | - | - | 0 | 1,624 | 1,600 | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | 11,000 | 11,000 | |
| Social balance sheet | ||||||||||||
9087 |
2.9 | 2.9 | 3.6 | 3.6 | 2.8 | 2 | 2 | 2 | 1 | 0.6 | - | |
Hours worked1013 |
4,578 | 4,947 | 5,844 | 6,051 | 3,986 | 3,675 | 3,575 | 2,158 | 1,850 | 971 | - | |
| Document | ||||||||||||
The notes to these accounts have 23 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-06-2026 | 2026-00212889 | |
| 31-12-2024 | abbreviated format | 30-06-2025 | 2025-00195576 | |
| 31-12-2023 | micro format | 09-07-2024 | 2024-00224513 | |
| 31-12-2022 | micro format | 20-07-2023 | 2023-00254361 | |
| 31-12-2021 | micro format | 15-07-2022 | 2022-20188077 | |
| 31-12-2020 | micro format | 09-07-2021 | 2021-33300479 | |
| 31-12-2019 | micro format | 29-07-2020 | 2020-37800305 | |
| 31-12-2018 | micro format | 27-06-2019 | 2019-26300477 | |
| 31-12-2017 | micro format | 30-07-2018 | 2018-39200256 | |
| 31-12-2016 | micro format | 22-08-2017 | 2017-46600302 | |
| 31-12-2015 | abbreviated format | 20-07-2016 | 2016-35600538 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €0 | €469 |
| 2024 | 1 | €469 | €0 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 173,236 | 153,890 | 106,154 | 148,081 | 69,283 | 40,064 | 35,400 | 40,318 | 34,198 | 67,512 | 52,136 | ||
| 116,638 | 103,042 | 69,712 | 107,510 | 49,213 | 19,588 | 22,091 | 31,094 | 24,033 | 52,192 | 43,797 | ||
| 0 | 34,112 | 4,154 | 54,629 | 1,329 | 135,673 | 701,098 | 103,165 | 0 | 3,124 | 35,839 | ||
| 75,824 | -33,263 | 10,516 | -3,979 | 30,886 | 7,812 | -44,705 | 15,537 | 17,925 | 19,866 | - | ||
| 156,875 | 86,610 | 54,254 | 62,776 | -38,049 | -64,095 | 16,132 | 55,257 | 107,404 | 89,356 | 57,027 | ||
| 28.9% | 24.1% | 19.8% | 16.6% | 11.9% | 10.8% | 11.8% | 29.3% | 33.1% | 29.0% | 25.7% | ||
| 1.39 | 1.23 | 1.16 | 1.18 | 0.87 | 0.76 | 1.08 | 1.27 | 1.74 | 1.65 | 1.79 | ||
| 0.47 | 0.37 | 0.36 | 0.50 | 0.39 | 0.26 | 0.37 | 0.43 | 0.45 | 0.41 | 0.79 | ||
| 2.46 | 3.16 | 4.04 | 5.03 | 7.42 | 8.26 | 7.49 | 2.41 | 2.03 | 2.45 | 2.89 | ||
| 20.2% | 21.4% | 12.5% | 33.5% | 3.8% | 2.2% | 12.1% | 20.1% | 18.3% | 60.4% | 76.8% | ||
| 5.8% | 5.1% | 2.5% | 5.6% | 0.4% | 0.2% | 1.4% | 5.9% | 6.0% | 17.5% | 19.8% | ||
| 6.41 | 5.99 | 4.75 | 8.80 | 4.01 | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 3 | 4 | 4 | 4 |
| full-time | 2 | 2 | 3 | 3 | 3 |
| part-time | 0 | 1 | 1 | 1 | 1 |
| in full-time equivalents | 2 | 2.6 | 3.6 | 3.6 | 3.4 |
| 2.9 | 2.9 | 3.6 | 3.6 | 2.8 | |
| On a permanent contract | 2 | 3 | 4 | 4 | 3 |
| Joined | - | 1 | - | 1 | 2 |
| Left | - | 2 | - | 1 | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €464,657 | €504,923 | - | - | - |
| Mortgages, amount registered | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 |
| €672,000 | €672,000 | €672,000 | €672,000 | €672,000 | |
| Carrying value of the mortgaged assets | €483,246 | €507,564 | €531,881 | €555,384 | €580,516 |
| €200,000 | €200,000 | €200,000 | €200,000 | €200,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €14,112 | €4,154 | €54,629 | €1,329 |
| Intangible fixed assets | - | €20,000 | - | - | - |
| €47,074 | €44,292 | €42,728 | €44,279 | €44,477 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 15% higher than in 2024 and the highest since 2015. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 75.9% to 71.1%. Equity is higher and debt is lower.
V.PERFORMANCE has no parent and no holdings in its annual accounts. is the only director. V.PERFORMANCE shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Politieke Gevangenenstraat 56 registered office 8530 Harelbeke | 01-02-2015 | 2.238.622.517 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34322B0534/00S003 | 465 m² | 1 · 197 m² | 8.9 m · 2 |
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