Turnover
≈ €220,000 estimated
The micro format states no turnover.
VAPRO
Lifetime
1 annual account with figurespeak €52,798 (2025)
€52,798
peak €36,522 (2025)
€36,522
peak €39,522 (2025)
€39,522
€27,782
Board1 name since 2024
1 directorVANHEES Joris
Documentsfilings and deeds
15-07-202616 days before the deadline
2025micro format
First year with figures
Key points
from the 2025 annual accountsStarting capital
€3,000 100 shares
Position in the sector
€36,522
Higher net result than 80% of companies in specialised construction. Sector median €10,184 · 35,124 companies.
Checked score
87
Excellent
Financially stronger than 79% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2025: 1.9%
12-2025: 1.9%● unchanged vs 11-2025
01-2026: 2.0%▲ +0.1 percentage points vs 12-2025
02-2026: 2.3%▲ +0.3 percentage points vs 01-2026
03-2026: 2.4%▲ +0.1 percentage points vs 02-2026
04-2026: 2.7%▲ +0.3 percentage points vs 03-2026
05-2026: 3.0%▲ +0.3 percentage points vs 04-2026highest value
06-2026: 3.0%● unchanged vs 05-2026highest value
07-2026: 2.9%▼ -0.1 percentage points vs 06-2026
08-2026: 0.3%▼ -2.6 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.4%▲ +0.1 percentage points vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Size: total assets €67,305
lowers risk
Liquidity: current ratio 2.11, cash €37,220
Equity €39,522 (58.7% of total assets)
Calculation
The band follows from the bankruptcy probability. 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). It does better than 64% of them on solvency, 82% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as VAPRO has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VAPRO itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for VAPRO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.11, above the usual 1.5. Short-term debt is 35.4% and cash 55.3% of total assets. 41.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 15-07-2026, 16 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
16 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1015225061
Incorporation
Founding capital of €3,000, 100 shares · Founder: VANHEES Joris (comparant) · Appointment: VANHEES Joris (director) · published on 21-10-2024 · Gazette deed
First establishment
Koningsstraat 16, Pelt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VAPRO Pelt | €67,305 | €52,798 | 58.7% | - |
| SEVENTY FIVE Heusden-Zolder | €62,459 | €44,727 | 55.4% | - |
| KHOLSOL Bilzen-Hoeselt | €62,690 | €62,061 | 71.8% | - |
| AWR Bocholt | €59,958 | €43,492 | 39.8% | - |
| neemö Holsbeek | €64,245 | €51,333 | 58.4% | - |
| XYLOO Kraainem | €72,324 | €57,144 | 35.4% | - |
| FLORYAN GILLAIN Florennes | €76,421 | €51,043 | -14.8% | - |
These companies have the same main activity as VAPRO: joinery installation (NACE 43320). They are comparable in size and age: total assets between €60,000 and €76,400, founded in 2024.
Official details
Source: KBO- Status
- Active since 17-10-2024Normal situation
- Activity
- Joinery installationNACE 43320and 2 others
- Establishment unit
- 2.366.038.8463900 Pelt, since 17-10-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 03-10-2025
Annual accounts 2025
- €67,305
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on VAPRO
VAPRO has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39,522 and a net result of €36,522.
Its solvency ranks better than 64% of 35,136 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VAPRO
- What is the company number of VAPRO?
- The company number of VAPRO is 1015.225.061. The VAT number is the same number with BE in front: BE 1015.225.061.
- Where is VAPRO based?
- The registered office is at Koningsstraat 16, 3900 Pelt.Company details
- What does VAPRO do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of VAPRO?
- VAPRO is a private limited company (BV).
- When was VAPRO founded?
- VAPRO was founded on 17-10-2024.
- Is VAPRO still active?
- Yes, VAPRO is an active enterprise in the KBO register.
- What is the turnover of VAPRO?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €52,798 and 39 comparable companies (NACE 43320). It probably lies between €160,000 and €330,000.Financials
- Is VAPRO profitable?
- In financial year 2025, VAPRO made a profit of €36,522.
- Where can I find the annual accounts of VAPRO?
- VAPRO filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.