Equity
€86,678 ▲ 48.9%
V-PLEX has made a profit without a break since 2023.
V-PLEX
Lifetime
7 annual accounts with figures on one time axispeak €169,501 (2023)
€98,439▼ 8.4%
lowest -€47,633 (2019)
€28,452▲ 29.6%
peak €86,678 (2025)
€86,678▲ 48.9%
€515,412▲ 6.6%
peak 2.3 FTE (2019)
-not published
Board5 names since 2018
4 directors and 3 others
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Result from €21,954 to €28,452Equity from €58,226 to €86,678
Key points
from the 2025 annual accountsTurnover
≈ €300,000 estimated
The micro format states no turnover.
Debts
€515,412 86% of the balance sheet
Financial debts 74%Suppliers 5%Taxes and wages 2%Other 19%
Of this, €135,023 falls due within a year.
Investments
€85,606 1.8 × depreciation
Green is investment, beige is depreciation.
Filings
7 annual accounts 2 late
The 2022 accounts came latest: 31 days after the end of the period.
Starting capital
€25,000 250 shares
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,371 companies had the same profile as V-PLEX has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
1.4%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,371 companies, not a prediction for V-PLEX. 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.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director, since 24-01-2018
Director
Director
Director
- 50 sharesdeed of 26-01-2018
- 100 sharesdeed of 26-01-2018
- 100 sharesdeed of 26-01-2018
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0688847874
Registered office moved to Menen
New registered office: Bruggestraat 590A, 8930 Menen · Resignations: (director) and (director) · Appointments: (director) and (director) · General meeting of 25-08-2023 · Gazette deed
Appointments: (director) and (director)
General meeting of 01-09-2019 · Gazette deed
Environmental permit granted
Bouwen of herbouwen, Slopen van niet vrijstaande gebouwen of constructies · Menen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| V-PLEX Menen | €602,090 | €98,439 | 14.4% | - |
| PIVETE Genk | €471,819 | €83,744 | 35.4% | 1 |
| Ideal Jacobs Europe Ghent | €470,107 | €63,200 | -55.6% | 1.8 |
| TTC Willebroek | €700,150 | €168,358 | 56.5% | - |
| Tekto Anzegem | €473,513 | €118,184 | 40.9% | - |
| Imapres Ypres | €820,336 | €194,277 | 7.2% | - |
| C.S. Automation Herentals | €632,549 | €228,225 | 79.0% | 2.3 |
These companies have the same main activity as V-PLEX: manufacture of rubber and plastic products (NACE 22210). They are comparable in size and age: total assets between €470,000 and €820,000, founded between 2015 and 2020.
Official details
Source: KBO- Status
- Active since 24-01-2018Normal situation
- Activity
- Manufacture of rubber and plastic productsNACE 22210and 1 other
- Establishment unit
- 2.272.697.0338930 Menen, since 01-02-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Annual accounts 2025
- €602,090▲ 11.1%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on V-PLEX
V-PLEX files the micro format. That format states no turnover. The gross margin fell from €148,012 in 2019 to €98,439 in 2025.
The balance sheet grew most from 2020 to 2021 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about V-PLEX
- What is the company number of V-PLEX?
- The company number of V-PLEX is 0688.847.874. The VAT number is the same number with BE in front: BE 0688.847.874.
- Where is V-PLEX based?
- The registered office is at Bruggestraat 590 A, 8930 Menen.Company details
- What does V-PLEX do?
- According to the KBO register, the main activity is manufacture of rubber and plastic products (NACE 22210).
- What is the legal form of V-PLEX?
- V-PLEX is a private limited company (BV).
- When was V-PLEX founded?
- V-PLEX was founded on 24-01-2018.
- Is V-PLEX still active?
- Yes, V-PLEX is an active enterprise in the KBO register.
- How many employees does V-PLEX have?
- V-PLEX had an average of 1.3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of V-PLEX?
- The turnover in financial year 2025 is ≈ €300,000. This figure is estimated from the gross margin of €98,439 and 2,666 comparable companies of the same size. It probably lies between €200,000 and €510,000. It is a rough estimate.
- Is V-PLEX profitable?
- In financial year 2025, V-PLEX made a profit of €28,452.
- Where can I find the annual accounts of V-PLEX?
- V-PLEX filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of V-PLEX due?
- V-PLEX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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