Active BE 0654.790.184Private limited company (pre-2019)

VGP BREE

Industrieterrein Kanaal-Noord 1423 ·3960 Bree, Belgium· 10 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

VGP BREE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €639k and a net result of €81k. Equity is growing by ~33.5% per year across the filed fiscal years. Its solvency ranks better than 28% of 5394 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€639k
Net result	€81k
Better than sector	28%
Active	10 yrs

Financial profile 4 of 5 axes measured · computed by Checked

68 / 100

Strong profile, led by stability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 63

Solvency 32

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2016, 10 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview9 NBB filings

Annual accounts filed on 14-07-2026 with the NBB · fiscal year 2025 · abbreviated schema

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~33.5%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	27.9%	51.9%	better than 28% of 5394 sector peers
Net result	€81k	€53k	better than 58% of 5395 sector peers
Equity	€639k	€623k	better than 51% of 5395 sector peers
Gross operating margin	€240k	€87k	better than 77% of 5391 sector peers
Employees (FTE)	0.0	0.0	better than 32% of 1843 sector peers

Net profit

€81k

+68.4% 21-25

Total assets

€2.29M

+11.8% 21-25

Equity

€639k

+280.2% 21-25

Employees (FTE)

0

- 21-25

Income taxes

€32k

+68.2% 21-25

Debt

€1.65M

-12.2% 21-25

Debt ≤ 1y

€94k

-29.0% 21-25

Debt > 1y

€1.54M

-11.2% 21-25

Solvency

27.9%

+240.1% 21-25

ROE

12.7%

-55.7% 21-25

ROA

3.5%

+50.7% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	full schema	abbreviated schema
Revenue	n/a	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a	n/a
Net profit	€81k	€48k	€16k	€10k	€2k
Cash flow	n/a	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-	-
Income taxes	€32k	€19k	€7k	€5k	€2k
Dividends	-	-	-	-	-
Total assets	€2.29M	€2.05M	€2.02M	€2.03M	€1.96M
Equity	€639k	€168k	€120k	€104k	€94k
Debt	€1.65M	€1.88M	€1.90M	€1.92M	€1.87M
of which ≤ 1y	€94k	€132k	€109k	€107k	€96k
of which > 1y	€1.54M	€1.73M	€1.78M	€1.81M	€1.77M
Working capital	n/a	n/a	n/a	n/a	n/a
Employees (FTE)	0.0	-	-	-	-

Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, full schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	n/a	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a	n/a
Solvency	27.9%	8.2%	5.9%	5.1%	4.8%
Debt / equity	n/a	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a	n/a
ROA	3.5%	2.4%	0.8%	0.5%	0.1%
ROE	12.7%	28.7%	13.3%	9.9%	2.0%
EBITDA margin	n/a	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a	n/a

Balance-sheet composition 2025

Assets

Fixed assets €2.27M · 99.1% Current assets €21k · 0.9%

Equity & liabilities

Equity €639k · 27.9% Debt €1.65M · 72.1%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.29M	€2.05M	€2.02M	€2.03M	€1.96M
Fixed assets	21/28	€2.27M	€1.98M	€1.96M	€1.95M	€1.87M
Tangible fixed assets	22/27	€697k	€405k	€391k	€399k	€320k
Financial fixed assets	28	€1.57M	€1.57M	€1.57M	€1.56M	€1.56M
Current assets	29/58	€21k	€72k	€59k	€75k	€87k
Amounts receivable within one year	40/41	€6k	€60k	€41k	€50k	€4k
Cash & bank	54/58	€7k	€2k	-	€2k	€55k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.29M	€2.05M	€2.02M	€2.03M	€1.96M
Equity	10/15	€639k	€168k	€120k	€104k	€94k
Contributions / capital	10/11	€22k	€12k	€12k	€12k	€12k
Reserves	13	€616k	€156k	€107k	€92k	€81k
Amounts payable	17/49	€1.65M	€1.88M	€1.90M	€1.92M	€1.87M
Amounts payable after one year	17	€1.54M	€1.73M	€1.78M	€1.81M	€1.77M
Amounts payable within one year	42/48	€94k	€132k	€109k	€107k	€96k
Trade debts payable within one year	44	€10k	€4k	€7k	€9k	€32k
Income statement
Turnover	70	-	-	-	€151k	-
Gross operating margin	9900	€240k	€142k	€83k	-	€42k
Operating result	9901	€148k	€124k	€68k	€61k	€35k
Financial income	75	€0	€50	-	€73	-
Financial charges	65	€46k	€56k	€45k	€46k	€31k
Result before taxes	9903	€102k	€67k	€23k	€15k	€3k
Income taxes	67/77	€32k	€19k	€7k	€5k	€2k
Net result for the period	9904	€81k	€48k	€16k	€10k	€2k
Result to be appropriated	9905	€81k	€48k	€16k	€10k	€2k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company (pre-2019)(015)
Incorporation	18-05-2016
Status	Active
Postal code	3960

Ownership & control 1 parties

VGP BREEBE 0654.790.184

controls

Where this company holds controlthis company sits on their board1

CENTRALE VERWARMING - SANITAIR PEETERS EN ZONEN

1 location

Establishment units 1 location

VGP BREE

Industrieterrein Kanaal-Noord 1423, 3960 BreeAgents specialised in the wholesale of other particular products

since 20162.253.316.235

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
72004A0331/00H000	Flanders	7,352 m²	1 · 2,384 m²	9.1 m · 2 fl.

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.

Updates 11 events

All 15Financial 4Gazette 2Filings 9

Next filing, fiscal year 2026, expected by 31-07-2027

2026

14-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

03-02

State Gazette act Capital & shares

v3.2

2025

31-12

Financial Highest result since 2021net €81k ▲68.4%

Operating result €148k, net result €81k, both a record.

31-12

Financial Equity above €500kEq €639k ▲280%

5 profitable years in a row build equity to €639k.

03-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Equity above €150kEq €168k ▲40.2%

4 profitable years in a row build equity to €168k.

15-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

28-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 28 days late

2022

31-12

Financial Equity above €100kEq €104k ▲11%

2 profitable years in a row build equity to €104k.

25-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 25 days late

2021

27-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 27 days late

2020

02-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 94 days late

2019

11-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

28-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 28 days late

2016

20-05

State Gazette act Incorporation

oprichting

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts

Capital history · 1

03-02-2026

v3.2

All acts · 2 updated 7 months ago

2026

03-02-2026 Transaction in capital or shares Capital & shares

Summary: v3.2

Original publication ↗

Technical details

{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0654.790.184",
    "name_full": "VGP BREE",
    "legal_form": "BVBA"
  }
}

2016

20-05-2016 Incorporation of a new BV Incorporation

Summary: oprichting

Original publication ↗

Technical details

{
  "kind": "oprichting",
  "seat": "Industrieterrein Kanaal-Noord 1423, 3960 Bree",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": null,
        "name": "PEETERS Dries",
        "niss": null,
        "address": "3960 Bree, Industrieterrein Kanaal-Noord 1423"
      },
      "share_class": "aandelen zonder vermelding van nominale waarde",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 12400,
      "holder_person_name": "PEETERS Dries",
      "is_subscriber_only": false,
      "n_shares_subscribed": 186,
      "amount_subscribed_eur": 18600,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 18600,
  "subject_company": {
    "kbo": "0654.790.184",
    "name_full": "VGP BREE",
    "legal_form": "BV"
  },
  "initial_directors": [],
  "incorporation_date": "2016-05-17",
  "post_incorporation_mandates": []
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies64210Agents specialised in the wholesale of other particular products46180Renting and operating of own or leased residential real estate, excluding social housing68201

Names & trade names

Legal nameNL

VGP BREE

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