VCPOWER
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€80,769
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
28 d late
2022
29 d late
2021
22 d late
2020
26 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 37 days after 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 (1)
Financials · fiscal year 2024, micro schema
Equity
-€80,769▼ 11.3%
2023 · -€72,589
Total assets
€2,700▼ 58.0%
2023 · €6,434
Net result
-€8,180▲ 13.2%
2023 · -€9,420
Working capital
-€83,469▼ 7.0%
2023 · -€77,989
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€18,323▼ 69.3%-€9,249▲ 49.5%-€10,621▼ 14.8%-€8,821▲ 17.0%-€7,811▲ 11.4%
Net result-€18,691▼ 66.8%-€9,375▲ 49.8%-€11,319▼ 20.7%-€9,420▲ 16.8%-€8,180▲ 13.2%
Equity-€42,475▼ 78.6%-€51,850▼ 22.1%-€63,169▼ 21.8%-€72,589▼ 14.9%-€80,769▼ 11.3%
Total assets€191,990▲ 62.9%€162,845▼ 15.2%€33,137▼ 79.7%€6,434▼ 80.6%€2,700▼ 58.0%
Debt€234,465▲ 65.5%€214,695▼ 8.4%€96,306▼ 55.1%€79,023▼ 17.9%€83,469▲ 5.6%
Working capital-€55,440▼ 12.9%-€62,650▼ 13.0%-€71,269▼ 13.8%-€77,989▼ 9.4%-€83,469▼ 7.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7,811 in 2024 against €8,821 in 2023; the loss shrinks.
Key figures and ratios
EBITDA
-€5,111▲
2023 · -€6,121
Cash flow
-€5,480▲
2023 · -€6,720
Interest coverage
-13.85▼
2023 · -10.22
Debt ≤ 1 year
€83,469▲
2023 · €79,023
Ratios withheld: a balance sheet total of €2,700 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,373 | €2,165 | €2,700 | €2,700 | €2,700 | = |
| Other operating charges640/8 | - | €468 | €469 | €516 | €528 | ▲ 2.3% |
| Gross operating margin9900 | -€5,483 | -€6,616 | -€7,452 | -€5,605 | -€4,583 | ▲ 18.2% |
| Operating profit (loss)9901 | -€18,323 | -€9,249 | -€10,621 | -€8,821 | -€7,811 | ▲ 11.4% |
| Financial income75/76B | - | €218 | €0 | - | - | - |
| Recurring financial income75 | - | €218 | €0 | - | - | - |
| Financial charges65/66B | - | €343 | €698 | €599 | €369 | ▼ 38.4% |
| Recurring financial charges65 | €367 | €343 | €698 | €599 | €369 | ▼ 38.4% |
| Profit (loss) for the period before taxes9903 | -€18,691 | -€9,375 | -€11,319 | -€9,420 | -€8,180 | ▲ 13.2% |
| Profit (loss) for the period9904 | -€18,691 | -€9,375 | -€11,319 | -€9,420 | -€8,180 | ▲ 13.2% |
| Profit (loss) for the period to be appropriated9905 | -€18,691 | -€9,375 | -€11,319 | -€9,420 | -€8,180 | ▲ 13.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €191,990 | €162,845 | €33,137 | €6,434 | €2,700 | ▼ 58.0% |
| Fixed assets21/28 | €12,965 | €10,800 | €8,100 | €5,400 | €2,700 | ▼ 50.0% |
| Tangible fixed assets22/27 | €12,965 | €10,800 | €8,100 | €5,400 | €2,700 | ▼ 50.0% |
| Plant, machinery and equipment23 | - | €10,800 | €8,100 | €5,400 | €2,700 | ▼ 50.0% |
| Current assets29/58 | €179,025 | €152,045 | €25,037 | €1,034 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €57,061 | €32,092 | €24,147 | €910 | €0 | ▼ 100% |
| Trade receivables40 | - | €9,346 | €1,162 | €0 | - | - |
| Other amounts receivable41 | - | €22,746 | €22,985 | €910 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €121,964 | €119,953 | €890 | €124 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €191,990 | €162,845 | €33,137 | €6,434 | €2,700 | ▼ 58.0% |
| Equity10/15 | -€42,475 | -€51,850 | -€63,169 | -€72,589 | -€80,769 | ▼ 11.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | -€62,935 | -€72,310 | -€83,629 | -€93,049 | -€101,229 | ▼ 8.8% |
| Amounts payable17/49 | €234,465 | €214,695 | €96,306 | €79,023 | €83,469 | ▲ 5.6% |
| Amounts payable within one year42/48 | €234,465 | €214,695 | €96,306 | €79,023 | €83,469 | ▲ 5.6% |
| Trade debts44 | €35,916 | €11,280 | €197 | €1,931 | €557 | ▼ 71.1% |
| Suppliers440/4 | - | €11,280 | €197 | €1,931 | €557 | ▼ 71.1% |
| Taxes, remuneration and social security45 | - | - | - | - | €34 | - |
| Taxes450/3 | - | - | - | - | €34 | - |
| Other amounts payable47/48 | - | €203,415 | €96,109 | €77,092 | €82,877 | ▲ 7.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,691 | -€9,375 | -€11,319 | -€9,420 | -€8,180 | ▲ 13.2% |
| + Depreciation and write-downs630 | €12,373 | €2,165 | €2,700 | €2,700 | €2,700 | = |
| Operating cash flow (approximation) | -€6,317 | -€7,210 | -€8,619 | -€6,720 | -€5,480 | ▲ 18.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€2,010 | -€119,063 | -€766 | -€124 | ▲ 83.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet -€18,691
Net result drops to -€18,691, the lowest in the series.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 49 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerChain of control
- VCENERGY
- VCPOWER
Highest known parent: VCENERGY. The sources do not say who stands above it.
Owners 1
- VCENERGYparentSourceaccounts VCENERGY 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.