VEPA
ActiveVEPA has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.63M and a net result of €-141k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 82% of 10206 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
22
/ 100
Critical▼ -30 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency67▼-33
Growth52=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.28 against 9.58 in 2024), and 28.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
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
71.1%
Return on assets
-6.2%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€141k
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
22 d late
2023
2 d late
2022
30 d late
2021
2 d early
2020
30 d late
2019
47 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.63M▼ 8.0%
2024 · €1.77M
2018: €824k
2019: €930k
2020: €930k
2021: €943k
2022: €1.17M
2023: €1.85M
2024: €1.77M
2018 → 2025
Total assets
€2.29M▲ 8.7%
2024 · €2.11M
2018: €1.31M
2019: €1.42M
2020: €1.21M
2021: €1.11M
2022: €1.38M
2023: €2.25M
2024: €2.11M
2018 → 2025
Net result
€-141k▼ 81.1%
2024 · €-78k
2018: €228k
2019: €163k
2020: €234
2021: €13k
2022: €223k
2023: €812k
2024: €-78k
2018 → 2025
Working capital
€-321k
2024 · €1.04M
2018: €355k
2019: €448k
2020: €384k
2021: €312k
2022: €571k
2023: €1.39M
2024: €1.04M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€943k-€1.17M▲ 23.6%€1.85M▲ 58.5%€1.77M▼ 4.2%€1.63M▼ 8.0%
Operating result€24k-€304k▲ 1,189%€1.11M▲ 266%€-75k€-132k▼ 76.8%
Net result€13k-€223k▲ 1,607%€812k▲ 264%€-78k€-141k▼ 81.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €132k in 2025 against €75k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.29M
Fixed assets
€2.16M▲ 127%
Current assets
€128k▼ 89.0%
Equity and liabilities €2.29M
Equity
€1.63M▼ 8.0%
Provisions
€214k▼ 1.2%
Debt
€448k▲ 272%
The debt ratio rises from 5.7% to 19.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-75k▼
2024 · €-4k
Cash flow
€-84k▼
2024 · €-8k
Solvency
71.1%▼
2024 · 84.0%
Current ratio
0.28▼
2024 · 9.58
Quick ratio
0.28▼
2024 · 9.58
Debt / equity
0.28▲
2024 · 0.07
ROE
-8.7%▼
2024 · -4.4%
ROA
-6.2%▼
2024 · -3.7%
Interest coverage
-6.48▼
2024 · -1.55
Debt
€448k▲
2024 · €121k
Debt ≤ 1 year
€448k▲
2024 · €121k
Income taxes
€635▼
2024 · €673
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€2.11M€2.29M▲
Fixed assets21/28€952k€2.16M▲
Tangible fixed assets22/27€947k€2.16M▲
Land and buildings22€319k€1.63M▲
Furniture and vehicles24€628k€530k▼
Financial fixed assets28€5k€5k=
Current assets29/58€1.16M€128k▼
Amounts receivable within one year40/41€420k€120k▼
Trade receivables40€420k€110k▼
Other amounts receivable41-€10k
Cash at bank and in hand54/58€733k€3k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€2.11M€2.29M▲
Equity10/15€1.77M€1.63M▼
Contributions10/11€19k€19k=
Reserves13€1.75M€1.61M▼
Tax-exempt reserves132€650k€642k▼
Distributable reserves133€1.10M€969k▼
Provisions and deferred taxes16€217k€214k▼
Deferred taxes168€217k€214k▼
Amounts payable17/49€121k€448k▲
Amounts payable within one year42/48€121k€448k▲
Trade debts44€3k€10k▲
Suppliers440/4€3k€10k▲
Taxes, remuneration and social security45€108k€29k▼
Taxes450/3€108k€29k▼
Other amounts payable47/48€10k€410k▲
Income statement
Code20242025
Non-recurring operating income76A€34k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€57k▼
Other operating charges640/8€5k€6k▲
Non-recurring operating charges66A-€83k
Gross operating margin9900€327€14k▲
Operating profit (loss)9901€-75k€-132k▼
Financial income75/76B€0€148▲
Recurring financial income75€0€148▲
Financial charges65/66B€3k€12k▲
Recurring financial charges65€3k€12k▲
Profit (loss) for the period before taxes9903€-77k€-143k▼
Transfer from deferred taxes780-€3k
Income taxes67/77€673€635▼
Profit (loss) for the period9904€-78k€-141k▼
Transfer from tax-exempt reserves789-€8k
Profit (loss) for the period to be appropriated9905€-78k€-133k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-78k€-133k▼
Transfer from equity791/2€78k€133k▲
The notes to these accounts (10 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
20-03
State Gazette act
Registered officeBoard meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move2 facts ▸
- Board meeting, 04/03/2026
- Registered-office move, A. Van Looplein 33-2235 Westmeerbeek
2025
31-12
Financial
Weakest financial yearnet €-141k
Net result drops to €-141k, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
31-12
Financial
Highest result since 2018net €812k ▲264%
Operating result €1.11M, net result €812k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 8.61
Current ratio from 3.69 to 8.61; short-term debt falls from €212k to €183k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Equity above €1MEq €1.17M ▲23.6%
5 profitable years in a row build equity to €1.17M.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 47 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
13-06-2023
Resigned as Director
Location & real-estate footprint
Registered office, Hulshout · 1 establishment unit since 2014
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.
A. Van Looplein 332235 HulshoutGround area
1.4 ha
Building footprint
1.9 ha
Parcel 13050B0059/00Z000, Flanders. Linked by address, not a title deed.
1 establishment unit
A. Van Looplein 33, 2235 Hulshout
since 20142.231.453.227
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13050B0059/00Z000 | Flanders | 1.4 ha | 1 · 1.9 ha | - |
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.
Similar companies · same sector, comparable size
IIC
BE 0420.843.111
Beersel · Eq €1.71M
DISTRIM
BE 0437.863.245
Roeselare · Eq €1.54M
OLYSLAGER BROS
BE 0831.404.420
Antwerpen · Eq €1.48M
LONGCHAMP LOUISE
BE 0471.382.188
Elsene · Eq €1.39M
AGEMY
BE 0453.650.786
Lo-Reninge · Eq €1.19M
Of 410 companies in sector 47722 we hold annual accounts for 165. 67 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-02-1993
Fiscal year end31-12
Activities, NACEBEL
47722Retail trade
46498Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.