VEPACO SYSTEMS
ActiveVEPACO SYSTEMS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €33k and a net result of €3k. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 74% of 7446 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▼-1
Solvency89▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.28 against 2.16 in 2023; short-term debt: 35.1% and cash: 36.4% of total assets), and 36.1% of the assets are financed with debt.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
63.9%
Return on assets
6.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
40 d early
2022
31 d early
2021
26 d late
2020
33 d early
2019
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€33k▲ 12.0%
2023 · €29k
2018: €4k
2019: €14k
2020: €9k
2021: €25k
2022: €25k
2023: €29k
2018 → 2024
Total assets
€51k▲ 6.1%
2023 · €48k
2018: €17k
2019: €17k
2020: €35k
2021: €48k
2022: €48k
2023: €48k
2018 → 2024
Net result
€3k▼ 6.3%
2023 · €4k
2018: €1k
2019: €11k
2020: €-5k
2021: €15k
2022: €766
2023: €4k
2018 → 2024
Working capital
€23k▲ 18.4%
2023 · €19k
2018: €69
2019: €11k
2020: €-281
2021: €17k
2022: €16k
2023: €19k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€9k-€25k▲ 159%€25k▲ 3.1%€29k▲ 14.7%€33k▲ 12.0%
Operating result€-3k-€18k€3k▼ 83.9%€6k▲ 113%€7k▲ 13.2%
Net result€-5k-€15k€766▼ 94.9%€4k▲ 386%€3k▼ 6.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 13% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €51k
Fixed assets
€10k▼ 15.8%
Current assets
€41k▲ 13.4%
Equity and liabilities €51k
Equity
€33k▲ 12.0%
Debt
€18k▼ 3.1%
The debt ratio falls from 39.5% to 36.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10k▼
2023 · €12k
Cash flow
€7k▼
2023 · €10k
Solvency
63.9%▲
2023 · 60.5%
Current ratio
2.28▲
2023 · 2.16
Quick ratio
2.28▲
2023 · 2.16
Debt / equity
0.56▼
2023 · 0.65
ROE
10.7%▼
2023 · 12.8%
ROA
6.8%▼
2023 · 7.8%
Interest coverage
10.59▲
2023 · 8.91
Debt
€18k▼
2023 · €19k
Debt ≤ 1 year
€18k▲
2023 · €17k
Income taxes
€2k▲
2023 · €971
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€48k€51k▲
Fixed assets21/28€12k€10k▼
Tangible fixed assets22/27€11k€9k▼
Plant, machinery and equipment23€535€2k▲
Furniture and vehicles24€0€0=
Leasing and similar rights25€2k€0▼
Other tangible fixed assets26€8k€7k▼
Financial fixed assets28€1k€1k=
Current assets29/58€36k€41k▲
Amounts receivable within one year40/41€12k€22k▲
Trade receivables40€10k€20k▲
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€22k€19k▼
Deferred charges and accrued income490/1€3k€232▼
Equity and liabilities
Total equity and liabilities10/49€48k€51k▲
Equity10/15€29k€33k▲
Contributions10/11€19k€19k=
Reserves13€11k€14k▲
Distributable reserves133€11k€14k▲
Amounts payable17/49€19k€18k▼
Amounts payable within one year42/48€17k€18k▲
Current portion of amounts payable after more than one year42€5k-
Trade debts44€634€2k▲
Suppliers440/4€634€2k▲
Taxes, remuneration and social security45€971€2k▲
Taxes450/3€971-
Remuneration and social security454/9-€2k
Other amounts payable47/48€10k€14k▲
Accrued charges and deferred income492/3€2k€500▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€3k▼
Other operating charges640/8€1k€922▼
Non-recurring operating charges66A-€500
Gross operating margin9900€14k€12k▼
Operating profit (loss)9901€6k€7k▲
Financial income75/76B€15€35▲
Recurring financial income75€15€35▲
Financial charges65/66B€1k€971▼
Recurring financial charges65€1k€971▼
Profit (loss) for the period before taxes9903€5k€6k▲
Income taxes67/77€971€2k▲
Profit (loss) for the period9904€4k€3k▼
Profit (loss) for the period to be appropriated9905€4k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€3k▼
Transfer to equity691/2€4k€3k▼
To other reserves6921€4k€3k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.21
Current ratio from 0.98 to 2.21.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-5k ▼145%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity times 5current ratio 5.15
Current ratio from 1.01 to 5.15; short-term debt falls from €13k to €3k.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Maasmechelen · 1 establishment unit since 2013
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.
Ringlaan(M) 2023630 MaasmechelenGround area
934 m²
Building footprint
210 m²
Volume, LiDAR
437 m³
Parcel 73048C1949/00D002, Flanders · tallest building 16.2 m. Linked by address, not a title deed.
1 establishment unit
Ringlaan(M) 202, 3630 Maasmechelen
since 20132.217.291.326
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73048C1949/00D002 | Flanders | 934 m² | 1 · 210 m² | 16.2 m |
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.
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Of 1,123 companies in sector 43212 we hold annual accounts for 420. 344 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-03-2013
Fiscal year end31-12
Activities, NACEBEL
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.