VHP SERVICES
ActiveSummary
VHP SERVICES has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46k and a net result of €-678. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 55% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-47
Solvency82▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.34 against 2.8 in 2024; short-term debt: 42.8% and cash: 4.8% of total assets), and 42.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
57.2%
Return on assets
-0.8%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-08-2025, 62 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
62 d early
2024
34 d early
2023
35 d early
2022
2 d late
2021
1 d early
2020
on the day
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€46k▼ 1.5%
2024 · €46k
2019: €35klowest in 7 years
2020: €36k▲ +4.8% vs 2019
2021: €37k▲ +3.3% vs 2020
2022: €38k▲ +2.5% vs 2021
2023: €39k▲ +0.2% vs 2022
2024: €46k▲ +20.4% vs 2023highest in 7 years
2025: €46k▼ -1.5% vs 2024
2019 → 2025
Total assets
€80k▲ 10.8%
2024 · €72k
2019: €70klowest in 7 years
2020: €108k▲ +54.5% vs 2019highest in 7 years
2021: €81k▼ -24.8% vs 2020
2022: €74k▼ -8.9% vs 2021
2023: €71k▼ -4.2% vs 2022
2024: €72k▲ +1.8% vs 2023
2025: €80k▲ +10.8% vs 2024
2019 → 2025
Net result
€-678
2024 · €8k
2019: €-4klowest in 7 years
2020: €2k▲ +147% vs 2019
2021: €1k▼ -27.6% vs 2020
2022: €953▼ -21.5% vs 2021
2023: €75▼ -92.1% vs 2022
2024: €8k▲ +10389% vs 2023highest in 7 years
2025: €-678▼ -109% vs 2024
2019 → 2025
Working capital
€46k▼ 1.5%
2024 · €46k
2019: €34klowest in 7 years
2020: €36k▲ +5.5% vs 2019
2021: €37k▲ +3.9% vs 2020
2022: €38k▲ +3.1% vs 2021
2023: €39k▲ +0.7% vs 2022
2024: €46k▲ +20.4% vs 2023highest in 7 years
2025: €46k▼ -1.5% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€37k-€38k▲ 2.5%€39k▲ 0.2%€46k▲ 20.4%€46k▼ 1.5%
2021: €37klowest in 5 years
2022: €38k▲ +2.5% vs 2021
2023: €39k▲ +0.2% vs 2022
2024: €46k▲ +20.4% vs 2023highest in 5 years
2025: €46k▼ -1.5% vs 2024
Operating result€2k-€1k▼ 21.3%€185▼ 86.3%€8k▲ 4,166%€2k▼ 74.6%
2021: €2k
2022: €1k▼ -21.3% vs 2021
2023: €185▼ -86.3% vs 2022lowest in 5 years
2024: €8k▲ +4166% vs 2023highest in 5 years
2025: €2k▼ -74.6% vs 2024
Net result€1k-€953▼ 21.5%€75▼ 92.1%€8k▲ 10,389%€-678
2021: €1k
2022: €953▼ -21.5% vs 2021
2023: €75▼ -92.1% vs 2022
2024: €8k▲ +10389% vs 2023highest in 5 years
2025: €-678▼ -109% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 75% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €80k
Equity
€46k ▼ 1.5%
Debt
€34k ▲ 32.8%
Debt's share of the balance-sheet total rises from 35.7% to 42.8%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
2.34▼
2024 · 2.80
Debt to equity
0.75▲
2024 · 0.56
ROE
-1.5%▼
2024 · 16.9%
ROA
-0.8%▼
2024 · 10.9%
Debt ≤ 1 year
€34k▲
2024 · €26k
Income taxes
€3k▲
2024 · €1
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet
Code20242025
Assets
Total assets20/58€72k€80k▲
Current assets29/58€72k€80k▲
Amounts receivable within one year40/41€61k€76k▲
Trade receivables40€4k€2k▼
Other amounts receivable41€57k€74k▲
Cash at bank and in hand54/58€11k€4k▼
Equity and liabilities
Total equity and liabilities10/49€72k€80k▲
Equity10/15€46k€46k▼
Contributions10/11€21k€21k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€23k€23k▼
Amounts payable17/49€26k€34k▲
Amounts payable within one year42/48€26k€34k▲
Trade debts44€26k€34k▲
Suppliers440/4€26k€34k▲
Taxes, remuneration and social security45€0€531▲
Taxes450/3€0€531▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Other operating charges640/8€384€628▲
Gross operating margin9900€8k€3k▼
Operating profit (loss)9901€8k€2k▼
Financial charges65/66B€54€61▲
Recurring financial charges65€54€61▲
Profit (loss) for the period before taxes9903€8k€2k▼
Income taxes67/77€1€3k▲
Profit (loss) for the period9904€8k€-678▼
Profit (loss) for the period to be appropriated9905€8k€-678▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€23k▼
Profit (loss) brought forward from the previous period14P€15k€23k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €188 | €188 | €188 | €0 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €745 | €0 | - | - | - |
| Other operating charges640/8 | - | €161 | €460 | €384 | €628 | ▲ 63.4% |
| Gross operating margin9900 | €3k | €2k | €833 | €8k | €3k | ▼ 68.2% |
| Operating profit (loss)9901 | €2k | €1k | €185 | €8k | €2k | ▼ 74.6% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | - | €0 | - | - | - | - |
| Financial charges65/66B | - | €51 | €54 | €54 | €61 | ▲ 12.9% |
| Recurring financial charges65 | €52 | €51 | €54 | €54 | €61 | ▲ 12.9% |
| Profit (loss) for the period before taxes9903 | €2k | €1k | €131 | €8k | €2k | ▼ 75.2% |
| Income taxes67/77 | €482 | €346 | €56 | €1 | €3k | ▲ 257,323% |
| Profit (loss) for the period9904 | €1k | €953 | €75 | €8k | €-678 | ▼ 109% |
| Profit (loss) for the period to be appropriated9905 | €1k | €953 | €75 | €8k | €-678 | ▼ 109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81k | €74k | €71k | €72k | €80k | ▲ 10.8% |
| Fixed assets21/28 | €376 | €188 | €0 | - | - | - |
| Tangible fixed assets22/27 | €376 | €188 | €0 | - | - | - |
| Plant, machinery and equipment23 | - | €188 | €0 | - | - | - |
| Current assets29/58 | €81k | €74k | €71k | €72k | €80k | ▲ 10.8% |
| Amounts receivable within one year40/41 | €78k | €65k | €66k | €61k | €76k | ▲ 25.2% |
| Trade receivables40 | - | €9k | €9k | €4k | €2k | ▼ 38.6% |
| Other amounts receivable41 | - | €56k | €57k | €57k | €74k | ▲ 29.5% |
| Cash at bank and in hand54/58 | €3k | €9k | €5k | €11k | €4k | ▼ 66.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81k | €74k | €71k | €72k | €80k | ▲ 10.8% |
| Equity10/15 | €37k | €38k | €39k | €46k | €46k | ▼ 1.5% |
| Contributions10/11 | - | €21k | €21k | €21k | €21k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €14k | €15k | €15k | €23k | €23k | ▼ 2.9% |
| Amounts payable17/49 | €44k | €35k | €32k | €26k | €34k | ▲ 32.8% |
| Amounts payable within one year42/48 | €44k | €35k | €32k | €26k | €34k | ▲ 32.8% |
| Trade debts44 | €43k | €35k | €32k | €26k | €34k | ▲ 30.7% |
| Suppliers440/4 | - | €35k | €32k | €26k | €34k | ▲ 30.7% |
| Taxes, remuneration and social security45 | - | €345 | €55 | €0 | €531 | - |
| Taxes450/3 | - | €345 | €55 | €0 | €531 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €953 | €75 | €8k | €-678 | ▼ 109% |
| + Depreciation and write-downs630 | €188 | €188 | €188 | €0 | - | - |
| Operating cash flow (approximation) | €1k | €1k | €263 | €8k | €-678 | ▼ 109% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | €6k | €-4k | €7k | €-8k | ▼ 211% |
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
Next filing, fiscal year 2026, expected by
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €8k ▲10,389%
Operating result €8k, net result €8k, both a record.
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2021
30-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
02-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
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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, Kortrijk · 1 establishment unit since 2006
Ground area
495 m²
Building footprint
495 m²
Volume, LiDAR
7,734 m³
Parcel 34022G0242/00R000, Flanders · tallest building 18.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
VHP Services
since 20062.156.731.850
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022G0242/00R000 | Flanders | 495 m² | 1 · 494 m² | 18.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
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 24,497 companies in sector 82990 we hold annual accounts for 9,406. 6,846 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded11-10-2006
Fiscal year end31-03
Activities, NACEBEL 2025
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.