Vapebois
ActiveVapebois has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.49M and a net result of €631k. Equity is growing by ~27.5% per year across the filed fiscal years. Its solvency ranks better than 93% of 275 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
95
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330k at 30 days acceptable
Liquidity ample (current ratio 9.27 against 5.11 in 2024; short-term debt: 10.7% and cash: 47.5% of total assets), and 10.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
89.3%
Return on assets
16.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
11 d late
2023
23 d early
2022
121 d late
2021
153 d late
2020
31 d late
2019
on the day
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.49M▲ 22.0%
2024 · €2.86M
2018: €696k
2019: €812k
2020: €1.04M
2021: €1.26M
2022: €2.11M
2023: €2.36M
2024: €2.86M
2018 → 2025
Total assets
€3.91M▲ 10.2%
2024 · €3.55M
2018: €1.37M
2019: €1.53M
2020: €1.49M
2021: €2.11M
2022: €3.41M
2023: €3.35M
2024: €3.55M
2018 → 2025
Net result
€631k▲ 26.6%
2024 · €498k
2018: €112k
2019: €117k
2020: €227k
2021: €221k
2022: €850k
2023: €257k
2024: €498k
2018 → 2025
Working capital
€3.46M▲ 22.6%
2024 · €2.82M
2018: €693k
2019: €835k
2020: €1.05M
2021: €1.26M
2022: €2.03M
2023: €2.31M
2024: €2.82M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.26M-€2.11M▲ 67.5%€2.36M▲ 12.2%€2.86M▲ 21.0%€3.49M▲ 22.0%
Operating result€354k-€1.30M▲ 266%€400k▼ 69.1%€773k▲ 93.0%€947k▲ 22.6%
Net result€221k-€850k▲ 285%€257k▼ 69.7%€498k▲ 93.6%€631k▲ 26.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 23% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.91M
Fixed assets
€38k▼ 19.1%
Current assets
€3.87M▲ 10.6%
Equity and liabilities €3.91M
Equity
€3.49M▲ 22.0%
Debt
€420k▼ 39.0%
The debt ratio falls from 19.4% to 10.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€965k▲
2024 · €789k
Cash flow
€649k▲
2024 · €515k
Solvency
89.3%▲
2024 · 80.6%
Current ratio
9.27▲
2024 · 5.11
Quick ratio
8.25▲
2024 · 4.60
Debt / equity
0.12▼
2024 · 0.24
ROE
18.1%▲
2024 · 17.4%
ROA
16.1%▲
2024 · 14.0%
Interest coverage
49.28▲
2024 · 23.02
Debt
€420k▼
2024 · €688k
Debt ≤ 1 year
€418k▼
2024 · €686k
Income taxes
€298k▲
2024 · €245k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.55M€3.91M▲
Fixed assets21/28€47k€38k▼
Tangible fixed assets22/27€47k€38k▼
Plant, machinery and equipment23€1k€9k▲
Furniture and vehicles24€45k€29k▼
Financial fixed assets28€165€165=
Current assets29/58€3.50M€3.87M▲
Stocks and contracts in progress3€348k€426k▲
Stocks30/36€348k€426k▲
Amounts receivable within one year40/41€1.56M€1.07M▼
Trade receivables40€1.53M€1.07M▼
Other amounts receivable41€27k€9k▼
Current investments50/53€150k€510k▲
Cash at bank and in hand54/58€1.44M€1.86M▲
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€3.55M€3.91M▲
Equity10/15€2.86M€3.49M▲
Contributions10/11€196k€196k=
Reserves13€2.67M€3.30M▲
Distributable reserves133€2.67M€3.30M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€688k€420k▼
Amounts payable within one year42/48€686k€418k▼
Trade debts44€416k€203k▼
Suppliers440/4€416k€203k▼
Advances received on contracts in progress46€49k€49k=
Taxes, remuneration and social security45€196k€148k▼
Taxes450/3€196k€148k▼
Other amounts payable47/48€25k€18k▼
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€18k▲
Other operating charges640/8€6k€4k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€795k€969k▲
Operating profit (loss)9901€773k€947k▲
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Financial charges65/66B€34k€20k▼
Recurring financial charges65€34k€20k▼
Profit (loss) for the period before taxes9903€743k€929k▲
Income taxes67/77€245k€298k▲
Profit (loss) for the period9904€498k€631k▲
Profit (loss) for the period to be appropriated9905€498k€631k▲
Appropriation of the result
Profit (loss) to be appropriated9906€498k€631k▲
Transfer to equity691/2€497k€630k▲
To other reserves6921€497k€630k▲
Profit to be distributed694/7€833€833=
Return on contributions (dividend)694€833€833=
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (8 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 11 days late
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 121 days late
2022
31-12
Financial
Highest result since 2018net €850k ▲285%
Operating result €1.30M, net result €850k, both a record.
31-12
Financial
Equity above €2MEq €2.11M ▲67.5%
5 profitable years in a row build equity to €2.11M.
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 153 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Equity above €1MEq €1.04M ▲27.8%
3 profitable years in a row build equity to €1.04M.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Lebbeke · 1 establishment unit since 1984
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.
Wolvenstraat 47A9280 LebbekeGround area
797 m²
Building footprint
148 m²
Volume, LiDAR
1,128 m³
Parcel 42027A0979/00C000, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Vapebois BV
since 19842.023.606.773
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42027A0979/00C000 | Flanders | 797 m² | 1 · 147 m² | 10.2 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLebbeke2.023.606.773
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Of 663 companies in sector 16110 we hold annual accounts for 320. 162 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-12-1983
Fiscal year end31-12
Activities, NACEBEL
16110Sawmilling and planing of wood
02200Logging
46832Wholesale of timber
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:vapebois@hotmail.com