Financials
- Fiscal year
- 2025
- Total assets
- €132.5m
- Profit
- €1.3m
- Solvency
- 100.0%
Total assets▲ 0.1%
Net result
20192025
VAPHARAL
ActiveSummary
VAPHARAL has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €132.5m and a net result of €1.3m. Equity is growing by ~4.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Activity not known1 site
Size
€132.5mtotal assets 2025
- Equity
- €132.5m
- Profit
- €1.3m
Structure
- Holdings
- 2
Accounts 12 d early0 of 5 deeds read
Why 95- Liquidity: current ratio 4169.06, cash €2.1m- Profit of €1.3m (FY 2025)+ Size: total assets €132.5m+ Equity €132.5m (100.0% of total assets)Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Better than 62% of its sector peers (no NACE code, large)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
100=
equity 100.0% of total assets
Liquidity
52=
short-term debt 0.0% · cash 1.6%
Profitability
40-18
return on assets 1.0%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: < 0.1%
12-2024: < 0.1%▲ +4.5% vs 11-2024
01-2025: < 0.1%▼ -6.5% vs 12-2024lowest value
02-2025: < 0.1%● 0.0% vs 01-2025lowest value
03-2025: < 0.1%● 0.0% vs 02-2025lowest value
04-2025: < 0.1%● 0.0% vs 03-2025lowest value
05-2025: < 0.1%● 0.0% vs 04-2025lowest value
06-2025: < 0.1%● 0.0% vs 05-2025lowest value
07-2025: < 0.1%▲ +4.7% vs 06-2025
08-2025: < 0.1%● 0.0% vs 07-2025
09-2025: < 0.1%● 0.0% vs 08-2025
10-2025: < 0.1%▼ -4.4% vs 09-2025lowest value
11-2025: < 0.1%▲ +2.3% vs 10-2025
12-2025: < 0.1%▲ +4.5% vs 11-2025
01-2026: 0.1%▲ +39.1% vs 12-2025highest value
02-2026: < 0.1%▼ -26.6% vs 01-2026
03-2026: < 0.1%● 0.0% vs 02-2026
04-2026: < 0.1%● 0.0% vs 03-2026
05-2026: < 0.1%● 0.0% vs 04-2026
06-2026: < 0.1%● 0.0% vs 05-2026
07-2026: < 0.1%▲ +2.1% vs 06-2026
08-2026: < 0.1%● 0.0% vs 07-2026
09-2026: < 0.1%▲ +4.2% vs 08-2026
10-2026: < 0.1%▼ -4.0% vs 09-2026
- Size: total assets €132.5m lowers the probability for this profile
- Liquidity: current ratio 4169.06, cash €2.1m raises the probability
- Equity €132.5m (100.0% of total assets) lowers the probability
- Profit of €1.3m (FY 2025) raises the probability
Credit up to €12,550,000 at 30 days acceptable
short-term debt: 0% and cash: 1.6% of total assets, and 0% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, large). Better than this share of them on solvency 67%, liquidity 77%, profitability 59%, growth against the median 46%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-01-2026, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
12 d early
2024
51 d early
2023
105 d early
2022
33 d early
2021
14 d early
2020
34 d early
2019
92 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 49 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 29 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close03-10-2026 today31-01-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Liquidity times 217current ratio 4169.06
- Annual accounts filedfiscal year 2024 · full…
Key points
By topic
Network & group
- Subsidiaries
- 1
- Holdings
- 2
2 holdings
Timeline
- Events
- 16
- Since
- 2016
- Next accounts
- by 31-01-2027
- 19-01-2026Annual accounts filed
- 30-06-2025Liquidity times 217
- 11-12-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Founded
- 05-01-2010
- Year ends
- 30-06
- Peppol
- Reachable for e-invoices
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