VAP CONSULTING COMPANY
ActiveSummary
VAP CONSULTING COMPANY has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €842k and a net result of €94k. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 56% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+67
Solvency71▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity short (current ratio 0.96 against 0.79 in 2024; short-term debt: 40.2% and cash: 23.3% of total assets), and 54.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.6%
Return on assets
5.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
28 d late
2023
22 d late
2022
25 d late
2021
45 d early
2020
25 d late
2019
27 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€94k
2024 · €-145k
2018: €-61k
2019: €-31k
2020: €-7k
2021: €-64k
2022: €-898
2023: €649k
2024: €-145k
2018 → 2025
Working capital
€-31k▲ 80.1%
2024 · €-155k
2018: €-424k
2019: €-382k
2020: €-313k
2021: €-323k
2022: €-261k
2023: €764k
2024: €-155k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€245k-€244k▼ 0.4%€893k▲ 266%€748k▼ 16.2%€842k▲ 12.6%
Operating result€-68k-€-4k▲ 94.4%€899k€-157k€83k
Net result€-64k-€-898▲ 98.6%€649k€-145k€94k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €83k after a loss of €157k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.85M
Fixed assets
€1.14M ▼ 2.6%
Current assets
€711k ▲ 22.4%
Equity and liabilities €1.85M
Equity
€842k ▲ 12.6%
Provisions
€249k ▼ 1.4%
Debt
€755k ▲ 1.2%
Debt's share of the balance-sheet total falls from 42.7% to 40.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€123k▲
2024 · €-97k
Cash flow
€134k▲
2024 · €-85k
Current ratio
0.96▲
2024 · 0.79
Debt to equity
0.90▼
2024 · 1.00
ROE
11.2%▲
2024 · -19.4%
ROA
5.1%▲
2024 · -8.3%
Interest coverage
293.67▲
2024 · -222.36
Debt ≤ 1 year
€741k▲
2024 · €735k
Income taxes
€165▲
2024 · €120
Staff costs
€132k▼
2024 · €135k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.75M€1.85M▲
Fixed assets21/28€1.17M€1.14M▼
Tangible fixed assets22/27€1.17M€1.14M▼
Land and buildings22€1.12M€1.10M▼
Plant, machinery and equipment23€6k€8k▲
Furniture and vehicles24€39k€21k▼
Assets under construction and advance payments27-€4k
Financial fixed assets28€118€112▼
Current assets29/58€581k€711k▲
Amounts receivable after more than one year29€120k€94k▼
Trade receivables290€120k€94k▼
Amounts receivable within one year40/41€249k€154k▼
Trade receivables40€12k€31k▲
Other amounts receivable41€237k€122k▼
Cash at bank and in hand54/58€188k€430k▲
Deferred charges and accrued income490/1€23k€33k▲
Equity and liabilities
Total equity and liabilities10/49€1.75M€1.85M▲
Equity10/15€748k€842k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€765k€754k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€758k€748k▼
Profit (loss) carried forward14€-79k€26k▲
Provisions and deferred taxes16€253k€249k▼
Deferred taxes168€253k€249k▼
Amounts payable17/49€746k€755k▲
Amounts payable within one year42/48€735k€741k▲
Trade debts44€22k€17k▼
Suppliers440/4€22k€17k▼
Advances received on contracts in progress46-€11k
Taxes, remuneration and social security45€26k€25k▼
Taxes450/3€10k€10k▼
Remuneration and social security454/9€15k€16k▲
Other amounts payable47/48€688k€688k=
Accrued charges and deferred income492/3€11k€13k▲
Income statement
Code20242025
Remuneration, social security and pensions62€135k€132k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€40k▼
Other operating charges640/8€211k€8k▼
Gross operating margin9900€249k€263k▲
Operating profit (loss)9901€-157k€83k▲
Financial income75/76B€12k€9k▼
Recurring financial income75€12k€9k▼
Financial charges65/66B€434€418▼
Recurring financial charges65€434€418▼
Profit (loss) for the period before taxes9903€-146k€91k▲
Transfer from deferred taxes780€693€3k▲
Income taxes67/77€120€165▲
Profit (loss) for the period9904€-145k€94k▲
Transfer from tax-exempt reserves789€2k€10k▲
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€-143k€105k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-79k€26k▲
Profit (loss) brought forward from the previous period14P€64k€-79k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €94k
Net result €94k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-145k ▼122%
Net result drops to €-145k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Back to profitnet €649k
Net result €649k after 5 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.04
Current ratio from 0.63 to 2.04.
31-12
Financial
Equity above €500kEq €893k ▲266%
Equity rises from €244k to €893k.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
Show earlier events
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Gent · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nederkouter 1249000 GentGround area
719 m²
Building footprint
530 m²
Volume, LiDAR
4,616 m³
Parcel 44805E1048/00A000, Flanders · tallest building 18.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Vap Consulting Company
since 19892.041.631.254
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44805E1048/00A000 | Flanders | 719 m² | 1 · 530 m² | 18.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CHRITA
BE 0657.860.829
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IVACO
BE 0436.410.126
Dentergem · Eq €842,829
LANOHIN'S8
BE 0663.904.523
Lasne · Eq €841,961
GECINVEST
BE 0446.441.708
Sint-Pieters-Woluwe · Eq €843,347
VFM 2
BE 0437.538.096
Wingene · Eq €841,422
Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,922 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-12-1988
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.