VAPERS
ActiveVAPERS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102k and a net result of €76k. Equity is growing by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 68% of 18207 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
85
/ 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
Profitability100=
Solvency81▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.76 against 2.42 in 2024; short-term debt: 33.1% and cash: 65.2% of total assets), and 44.3% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
55.7%
Return on assets
41.6%
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 19-05-2026, 73 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
73 d early
2024
73 d early
2023
92 d early
2022
79 d early
2021
44 d early
2020
1 d early
2019
116 d late
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€102k▲ 22.8%
2024 · €83k
2018: €15k
2019: €20k
2020: €36k
2021: €45k
2022: €73k
2023: €71k
2024: €83k
2018 → 2025
Total assets
€183k▲ 16.7%
2024 · €156k
2018: €47k
2019: €46k
2020: €74k
2021: €66k
2022: €122k
2023: €131k
2024: €156k
2018 → 2025
Net result
€76k▲ 29.5%
2024 · €59k
2018: €888
2019: €5k
2020: €15k
2021: €9k
2022: €43k
2023: €48k
2024: €59k
2018 → 2025
Working capital
€107k▲ 31.6%
2024 · €81k
2018: €15k
2019: €12k
2020: €16k
2021: €24k
2022: €45k
2023: €50k
2024: €81k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€45k-€73k▲ 63.9%€71k▼ 2.4%€83k▲ 16.2%€102k▲ 22.8%
Operating result€15k-€62k▲ 301%€70k▲ 12.0%€83k▲ 19.3%€108k▲ 29.7%
Net result€9k-€43k▲ 385%€48k▲ 13.0%€59k▲ 21.6%€76k▲ 29.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 30% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €183k
Fixed assets
€16k▼ 14.9%
Current assets
€167k▲ 20.9%
Equity and liabilities €183k
Equity
€102k▲ 22.8%
Debt
€81k▲ 9.8%
The debt ratio falls from 47.1% to 44.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€117k▲
2024 · €92k
Cash flow
€85k▲
2024 · €67k
Solvency
55.7%▲
2024 · 52.9%
Current ratio
2.76▲
2024 · 2.42
Quick ratio
1.97▲
2024 · 1.79
Debt / equity
0.80▼
2024 · 0.89
ROE
74.8%▲
2024 · 70.9%
ROA
41.6%▲
2024 · 37.5%
Interest coverage
132.45▲
2024 · 109.85
Debt
€81k▲
2024 · €74k
Debt ≤ 1 year
€60k▲
2024 · €57k
Income taxes
€31k▲
2024 · €24k
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€156k€183k▲
Fixed assets21/28€18k€16k▼
Tangible fixed assets22/27€16k€13k▼
Plant, machinery and equipment23€4k€5k▲
Furniture and vehicles24€12k€9k▼
Financial fixed assets28€2k€2k=
Current assets29/58€138k€167k▲
Stocks and contracts in progress3€36k€48k▲
Stocks30/36€36k€48k▲
Cash at bank and in hand54/58€103k€119k▲
Equity and liabilities
Total equity and liabilities10/49€156k€183k▲
Equity10/15€83k€102k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€77k€95k▲
Amounts payable17/49€74k€81k▲
Amounts payable within one year42/48€57k€60k▲
Trade debts44€8k€1k▼
Suppliers440/4€8k€1k▼
Taxes, remuneration and social security45€49k€57k▲
Taxes450/3€34k€40k▲
Remuneration and social security454/9€15k€17k▲
Other amounts payable47/48€174€2k▲
Accrued charges and deferred income492/3€16k€21k▲
Income statement
Code20242025
Non-recurring operating income76A€9€84▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€94k€118k▲
Operating profit (loss)9901€83k€108k▲
Financial income75/76B€834€1▼
Recurring financial income75€795€1▼
Non-recurring financial income76B€39-
Financial charges65/66B€835€880▲
Recurring financial charges65€835€880▲
Profit (loss) for the period before taxes9903€83k€107k▲
Income taxes67/77€24k€31k▲
Profit (loss) for the period9904€59k€76k▲
Profit (loss) for the period to be appropriated9905€59k€76k▲
Appropriation of the result
Profit (loss) to be appropriated9906€124k€153k▲
Profit (loss) brought forward from the previous period14P€65k€77k▲
Profit to be distributed694/7€47k€57k▲
Return on contributions (dividend)694€47k€57k▲
The notes to these accounts (6 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
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €76k ▲29.5%
Operating result €108k, net result €76k, both a record.
31-12
Financial
Equity above €100kEq €102k ▲22.8%
8 profitable years in a row build equity to €102k.
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 116 days late
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Sint-Truiden · 1 establishment unit since 2016
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.
Zepperenweg 813800 Sint-TruidenGround area
682 m²
Building footprint
155 m²
Volume, LiDAR
285 m³
Parcel 71352D0230/00G003, Flanders · tallest building 8.2 m. Linked by address, not a title deed.
1 establishment unit
Vapers
since 20162.257.899.484
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71352D0230/00G003 | Flanders | 682 m² | 1 · 155 m² | 8.2 m |
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.
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Of 4,245 companies in sector 47789 we hold annual accounts for 1,020. 822 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-10-2016
Fiscal year end31-12
Activities, NACEBEL
47789Other retail sale of new goods
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.