Financials
- Financial year
- 2025
- Total assets
- €4.9m
- Profit
- €1,343
- Solvency
- 72.6%
Total assets▲ 131%
Net result
20182025
VAPAX
ActiveSummary
VAPAX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €3.5m and a net result of €1,343. Equity remains stable across the filed financial years (±0.8% per year). The company has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activity not known1 site
Size
€4.9mtotal assets 2025
- Equity
- €3.5m
- Profit
- €1,343
Turnover not published (abbreviated format)
Signalslowers riskGrowing equityneutralLatest accounts filed on timeShow the evidence
Checked score
Score 2025
72
/ 100
Healthy▲ +15 on 2024
Without a bankruptcy probability: score from the figures alone
Financial strength · tick = 2024
Strong
Solvency
98+30
equity 72.6% of total assets
Liquidity
51-18
short-term debt 4.8% · cash 0.7%
Profitability
69+36
return on assets 0.0%
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit of up to €250,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.03, compared with 5.95 in 2024, above the usual 1.5; short-term debt: 4.8% and cash: 0.7% of total assets), and 27.4% of the assets are financed with debt and provisions.
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Signals
Two signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €3.5m
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 days early
2024
21 days early
2023
40 days early
2022
38 days early
2021
37 days early
2020
26 days early
2019
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 33 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
23-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Appointment: Eline Verhulst (director)Gazette deed
- Back to profitnet €1,343
Key points
By topic
Board & ownership
- Board
- 1 member
- Eline VerhulstDirector
Timeline
- Events
- 30
- Since
- 2005
- Next accounts
- by 31-07-2027
- 31-12-2025Equity above €2m
- 10-07-2025Annual accounts filed
- 31-12-2024Liquidity more than doubled
Company details
- Sites
- 1
- Legal form
- Private limited company
- Founded
- 13-11-2003
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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