VEPA CONTRACTING

Active

Private limited companyfounded 200917 yrs activeKarnemelkstraat 11, 9060 Zelzate, BelgiumKBO/BCE: BE 0818.496.490

VEPA CONTRACTING has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12k and a net result of €272k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 2090 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

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Checked score

Score 2024

71 / 100

Healthy▲ +44 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency16▼-32

Growth58=

Stability100

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity tight (current ratio 1.22 against 1.16 in 2023), and 99.7% of the assets are financed with debt.

How do we compute the score and the probability?

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 2090 sector peers (2024).

NBB · sector comparison

Position among 2090 sector peers

Solvency

better than 10%

← weakest strongest →

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-12-2025, 126 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

126 d late

2023

79 d late

2022

70 d late

2021

60 d late

2020

89 d late

2019

63 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€12k

2023 · €-260k

2018: €374k 2019: €111k 2020: €-178k 2021: €-153k 2022: €-105k 2023: €-260k

2018 → 2024

Total assets

€4.31M▲ 21.2%

2023 · €3.55M

2018: €4.30M 2019: €4.30M 2020: €4.57M 2021: €3.41M 2022: €4.31M 2023: €3.55M

2018 → 2024

Net result

€272k

2023 · €-155k

2018: €-352k 2019: €-352k 2020: €-289k 2021: €25k 2022: €48k 2023: €-155k

2018 → 2024

Working capital

€766k▲ 58.0%

2023 · €485k

2018: €-62k 2019: €-62k 2020: €504k 2021: €542k 2022: €617k 2023: €485k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-178k-€-153k▲ 14.3%€-105k▲ 31.3%€-260k▼ 147%€12k

Operating result€-263k-€63k€97k▲ 55.3%€-117k€310k

Net result€-289k-€25k€48k▲ 88.4%€-155k€272k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €310k after a loss of €117k in 2023, the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €4.31M

99.2%

Fixed assets €33k▼ 5.8%

Current assets €4.27M▲ 21.5%

Equity and liabilities €4.31M

99.7%

Equity €12k

Debt €4.29M

Debt finances 99.7% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€312k▲

2023 · €-99k

Cash flow

€274k▲

2023 · €-136k

Solvency

0.3%▲

2023 · -7.3%

Current ratio

1.22▲

2023 · 1.16

Quick ratio

0.89▲

2023 · 0.78

ROA

6.3%▲

2023 · -4.4%

Interest coverage

7.62▲

2023 · -2.52

Debt

€4.29M▲

2023 · €3.81M

Debt ≤ 1 year

€3.51M▲

2023 · €3.03M

Debt > 1 year

€750k=

2023 · €750k

Income taxes

€412▲

2023 · €357

Staff costs

€498k▲

2023 · €417k

A ratio outside any meaningful range has been withheld (balance sheet total €4.31M, equity €12k).

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€3.55M€4.31M▲

Fixed assets21/28€35k€33k▼

Tangible fixed assets22/27€2k€157▼

Plant, machinery and equipment23€1k-

Furniture and vehicles24€940€157▼

Financial fixed assets28€33k€33k=

Current assets29/58€3.52M€4.27M▲

Stocks and contracts in progress3€1.14M€1.13M▼

Contracts in progress37€1.14M€1.13M▼

Amounts receivable within one year40/41€1.95M€2.88M▲

Trade receivables40€1.89M€2.76M▲

Other amounts receivable41€61k€117k▲

Cash at bank and in hand54/58€375k€250k▼

Deferred charges and accrued income490/1€57k€8k▼

Equity and liabilities

Total equity and liabilities10/49€3.55M€4.31M▲

Equity10/15€-260k€12k▲

Contributions10/11€100k€100k=

Reserves13€10k€10k=

Distributable reserves133€10k€10k=

Profit (loss) carried forward14€-370k€-98k▲

Amounts payable17/49€3.81M€4.29M▲

Amounts payable after more than one year17€750k€750k=

Financial debts170/4€750k€750k=

Amounts payable within one year42/48€3.03M€3.51M▲

Current portion of amounts payable after more than one year42€3k-

Financial debts43€400k€384k▼

Credit institutions430/8€400k€384k▼

Trade debts44€2.44M€2.92M▲

Suppliers440/4€2.44M€2.92M▲

Taxes, remuneration and social security45€67k€80k▲

Taxes450/3€15k€8k▼

Remuneration and social security454/9€52k€72k▲

Other amounts payable47/48€127k€125k▼

Accrued charges and deferred income492/3€29k€36k▲

Income statement Code20232024

Non-recurring operating income76A€2k€39k▲

Remuneration, social security and pensions62€417k€498k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€2k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€131k€-135k▼

Other operating charges640/8€11k€145k▲

Non-recurring operating charges66A€31k-

Gross operating margin9900€492k€820k▲

Operating profit (loss)9901€-117k€310k▲

Financial income75/76B€2k€3k▲

Recurring financial income75€2k€3k▲

Financial charges65/66B€39k€41k▲

Recurring financial charges65€39k€41k▲

Profit (loss) for the period before taxes9903€-154k€273k▲

Income taxes67/77€357€412▲

Profit (loss) for the period9904€-155k€272k▲

Profit (loss) for the period to be appropriated9905€-155k€272k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-370k€-98k▲

Profit (loss) brought forward from the previous period14P€-215k€-370k▼

Social balance

Average headcount (FTE)90877.88.4▲

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

04-12

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 126 days late

2024

31-12

Financial Back to profitnet €272k

Net result €272k after one loss-making year.

18-10

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 79 days late

2023

09-10

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 70 days late

2022

29-09

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 60 days late

2021

31-12

Financial Back to profitnet €25k

Net result €25k after 3 loss-making years.

28-10

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 89 days late

2020

02-10

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 63 days late

2019

16-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 31 days late

2017

09-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

25-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 25 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2014

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.

31-08-2014 Resigned as Manager

Location & real-estate footprint

Registered office, Zelzate · 1 establishment unit since 2009

establishment The establishment unit on the map

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.

Karnemelkstraat 119060 Zelzate

Ground area

9,222 m²

Building footprint

3,607 m²

Volume, LiDAR