VAP PERFORMANCE
ActiveSummary
VAP PERFORMANCE has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,387 and a net result of €10,387. Its solvency ranks better than 45% of 34,718 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
- Equity
- €13,387
- Profit
- €10,387
Why 68raises riskFounded in 2024Size: total assets €31,257lowers riskLiquidity: current ratio 0.86, cash €9,085Figures for financial year 2025 (filed 01-08-2026)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro): better than 46% on solvency, 54% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 26-10-2026 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
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointment: PETRASCU Victor (director) ·…
Financials · financial year 2025, micro format
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.
- Micro
- under 2 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 11,280 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.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,749 |
| Gross operating margin9900 | €21,132 |
| Operating profit (loss)9901 | €15,384 |
| Financial income75/76B | €1 |
| Recurring financial income75 | €1 |
| Financial charges65/66B | €197 |
| Recurring financial charges65 | €197 |
| Profit (loss) for the period before taxes9903 | €15,187 |
| Income taxes67/77 | €4,800 |
| Profit (loss) for the period9904 | €10,387 |
| Profit (loss) for the period to be appropriated9905 | €10,387 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €31,257 | |
| Fixed assets21/28 | €15,920 | |
| Tangible fixed assets22/27 | €15,785 | |
| Furniture and vehicles24 | €15,785 | |
| Financial fixed assets28 | €135 | |
| Current assets29/58 | €15,337 | |
| Amounts receivable within one year40/41 | €5,089 | |
| Trade receivables40 | €1,287 | |
| Other amounts receivable41 | €3,802 | |
| Cash at bank and in hand54/58 | €9,085 | |
| Deferred charges and accrued income490/1 | €1,163 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €31,257 | |
| Equity10/15 | €13,387 | |
| Contributions10/11 | €3,000 | |
| Reserves13 | €8,000 | |
| Distributable reserves133 | €8,000 | |
| Profit (loss) carried forward14 | €2,387 | |
| Amounts payable17/49 | €17,869 | |
| Amounts payable within one year42/48 | €17,869 | |
| Trade debts44 | €370 | |
| Suppliers440/4 | €370 | |
| Advances received on contracts in progress46 | €1,000 | |
| Taxes, remuneration and social security45 | €4,800 | |
| Taxes450/3 | €4,800 | |
| Other amounts payable47/48 | €11,699 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €10,387 |
| + Depreciation and write-downs630 | €5,749 |
| Operating cash flow (approximation) | €16,136 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00370315 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| PETRASCU Victor |
|
Owners and capital
Capital and shareholders
- PETRASCU Victor sole founder · 100% at incorporation
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 06-11-2024 Incorporation · €3,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
06-11
Gazette deed
IncorporationAppointment: PETRASCU Victor (director) · Founder · Founding capital9 facts ▸
- Founder, PETRASCU Victor (comparant oprichter)
- Incorporation, “VAP PERFORMANCE” (deed in Dutch)
- Founding capital, €3,000
- Bank account, “bijzondere rekening, deponering inbrengen vennootschap in oprichting” (deed in Dutch)
- Declaration, “bevestiging deponering”, EUR (deed in Dutch)
- Other provision, “slot-en overgangsbepalingen;uitwerking beslissingen, comparant eenparig” (deed in Dutch)
- Registered office clause, “1840 Londerzeel,Beemden 32” (deed in Dutch)
- Board rule, 1
- Director appointment, PETRASCU Victor (director (not named in the articles))
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1015.848.633
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23045E0320/00F003 | Flanders | 611 m² | 1 · 97 m² | 7.3 m · 2 |
| 21815D0040/00A002 | Brussels | 331 m² | 1 · 139 m² | 17.4 m · 5 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- VAP PERFORMANCE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest of Brussels Hoofdstedelijk Gewest, kan bij enkel besluit bestuursorgaan administratieve…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, één of meer bestuurders,natuurlijke personen of rechtspersonen,al dan niet aandeelhouder,benoemd met of zonder beperking van…” (deed in Dutch)“Bestuursbevoegdheid, geheel van bevoegdheden toegekend met mogelijkheid tot delegatie van deel” (deed in Dutch)“Vergoeding bestuurders, algemene vergadering,beslissend met absolute meerderheid,of enige aandeelhouder bepaalt bedrag vaste of evenredige…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 16:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed