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VHPE

Active
Private limited companyfounded 20206 yrs activeTextielstraat 26, 8790 Waregem, BelgiumKBO/BCE: BE 0751.971.021
Summary

The computed 12-month bankruptcy probability of VHPE is 2.1% (moderate). The 2024 annual accounts show equity of €4.9m and a net result of €2,378. Equity remains stable across the filed fiscal years (±0% per year). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability38▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €290,000 at 30 days acceptable
short-term debt: 0% and cash: 0% of total assets, and 0% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
100%
Return on assets
0%
Age of the figures
21 mo
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 15-06-2026, 46 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
46 d early
2024
66 d early
2023
19 d early
2022
5 d early
2021
59 d early
2020
71 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 44 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
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. Usually files around 15 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

VHPE was incorporated on 4 August 2020 as a Private limited company.1 Total assets went from EUR 4.5 million in 2020 to EUR 4.9 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2024

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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet

Equity
€4.9m=
2023 · €4.9m
Total assets
€4.9m▲ 0.1%
2023 · €4.9m
Net result
€2,378
2023 · -€659
Working capital
€126,503▲ 1.9%
2023 · €124,126
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€17,774--€532▲ 97.0%-€1,059▼ 99.0%-€1,127▼ 6.4%-€1,169▼ 3.7%
Net result-€1,062--€957▲ 9.9%-€1,101▼ 15.1%-€659▲ 40.1%€2,378
Equity€4.1m-€6.4m▲ 57.6%€4.9m▼ 23.4%€4.9m=€4.9m=
Total assets€4.5m-€6.4m▲ 43.4%€4.9m▼ 23.4%€4.9m=€4.9m▲ 0.1%
Debt€402,782-€250▼ 99.9%€76▼ 69.6%€64▼ 15.9%€1,169▲ 1,732%
Working capital€127,666-€125,952▼ 1.3%€124,785▼ 0.9%€124,126▼ 0.5%€126,503▲ 1.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0Operating result 2020: -€17,774-€17,774Net result 2020: -€1,062-€1,062Operating result 2021: -€532-€532Net result 2021: -€957-€957Operating result 2022: -€1,059-€1,059Net result 2022: -€1,101-€1,101Operating result 2023: -€1,127-€1,127Net result 2023: -€659-€659Operating result 2024: -€1,169-€1,169Net result 2024: €2,378€2,37820202021202220232024-€2,000-€1,000€0€1,000€2,000Operating result 2022: -€1,059-€1,060Net result 2022: -€1,101-€1,100Operating result 2023: -€1,127-€1,130Net result 2023: -€659-€659Operating result 2024: -€1,169-€1,170Net result 2024: €2,378€2,380202220232024
The operating result stays negative: a loss of €1,169 in 2024 against €1,127 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.9m
Fixed assets €4.8m =
Current assets €127,672 ▲ 2.8%
Equity and liabilities €4.9m
Equity €4.9m =
Debt €1,169 ▲ 1,732%
Debt's share of the balance-sheet total stays at 0.0%.
Key figures and ratios
2024 value · change against 2023
Debt to equity
0.00▲
2023 · 0.00
ROE
0.0%▲
2023 · 0.0%
ROA
0.0%▲
2023 · 0.0%
Debt ≤ 1 year
€1,169▲
2023 · €64
A ratio outside any meaningful range has been withheld (balance sheet total €4.9m, equity €4.9m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 29 lines
Balance sheet Code20232024
Assets
Total assets20/58€4.9m€4.9m▲
Fixed assets21/28€4.8m€4.8m=
Financial fixed assets28€4.8m€4.8m=
Current assets29/58€124,190€127,672▲
Amounts receivable within one year40/41€120,000€123,000▲
Other amounts receivable41€120,000€123,000▲
Cash at bank and in hand54/58€3,683€576▼
Deferred charges and accrued income490/1€506€4,096▲
Equity and liabilities
Total equity and liabilities10/49€4.9m€4.9m▲
Equity10/15€4.9m€4.9m=
Contributions10/11€4.2m€4.2m=
Revaluation surpluses12€845,577€845,577=
Profit (loss) carried forward14-€119,968-€117,590▲
Amounts payable17/49€64€1,169▲
Amounts payable within one year42/48€64€1,169▲
Trade debts44€64€1,169▲
Suppliers440/4€64€1,169▲
Income statement Code20232024
Other operating charges640/8€1,075€1,105▲
Gross operating margin9900-€52-€64▼
Operating profit (loss)9901-€1,127-€1,169▼
Financial income75/76B€506€3,590▲
Recurring financial income75€506€3,590▲
Financial charges65/66B€39€44▲
Recurring financial charges65€39€44▲
Profit (loss) for the period before taxes9903-€659€2,378▲
Profit (loss) for the period9904-€659€2,378▲
Profit (loss) for the period to be appropriated9905-€659€2,378▲
Appropriation of the result
Profit (loss) to be appropriated9906-€119,968-€117,590▲
Profit (loss) brought forward from the previous period14P-€119,308-€119,968▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Other operating charges640/8-€459€980€1,075€1,105▲ 2.8%
Gross operating margin9900-€17,426-€74-€79-€52-€64▼ 23.9%
Operating profit (loss)9901-€17,774-€532-€1,059-€1,127-€1,169▼ 3.7%
Financial income75/76B-€171-€506€3,590▲ 609%
Recurring financial income75€1,122€171-€506€3,590▲ 609%
Financial charges65/66B-€596€43€39€44▲ 11.5%
Recurring financial charges65€2,106€450€43€39€44▲ 11.5%
Non-recurring financial charges66B-€145----
Profit (loss) for the period before taxes9903€3,753-€957-€1,101-€659€2,378▲ 461%
Income taxes67/77€4,815-----
Profit (loss) for the period9904-€1,062-€957-€1,101-€659€2,378▲ 461%
Profit (loss) for the period to be appropriated9905-€1,062-€957-€1,101-€659€2,378▲ 461%
Line20202021202220232024Change
Assets
Total assets20/58€4.5m€6.4m€4.9m€4.9m€4.9m▲ 0.1%
Fixed assets21/28€4.0m€6.3m€4.8m€4.8m€4.8m=
Financial fixed assets28€4.0m€6.3m€4.8m€4.8m€4.8m=
Current assets29/58€529,625€126,136€124,861€124,190€127,672▲ 2.8%
Amounts receivable within one year40/41€513,946€121,998-€120,000€123,000▲ 2.5%
Other amounts receivable41-€121,998-€120,000€123,000▲ 2.5%
Cash at bank and in hand54/58€14,557€4,138€124,861€3,683€576▼ 84.4%
Deferred charges and accrued income490/1---€506€4,096▲ 709%
Equity and liabilities
Total equity and liabilities10/49€4.5m€6.4m€4.9m€4.9m€4.9m▲ 0.1%
Equity10/15€4.1m€6.4m€4.9m€4.9m€4.9m=
Contributions10/11-€4.2m€4.2m€4.2m€4.2m=
Revaluation surpluses12-€2.4m€845,577€845,577€845,577=
Profit (loss) carried forward14-€117,250-€118,207-€119,308-€119,968-€117,590▲ 2.0%
Amounts payable17/49€402,782€250€76€64€1,169▲ 1,732%
Amounts payable within one year42/48€401,959€184€76€64€1,169▲ 1,732%
Trade debts44€420€184€76€64€1,169▲ 1,732%
Suppliers440/4-€184€76€64€1,169▲ 1,732%
Accrued charges and deferred income492/3-€66----
Line20202021202220232024Change
Profit (loss) for the period9904-€1,062-€957-€1,101-€659€2,378▲ 461%
Operating cash flow (approximation)-€1,062-€957-€1,101-€659€2,378▲ 461%
Investment in fixed assets (approximation)--€2.4m€1.5m€0€0-
Change in cash--€10,419€120,723-€121,178-€3,107▲ 97.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
15-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
26-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €2,378
Net result €2,378 after 4 loss-making years.
12-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Weakest financial yearnet -€1,101
Net result drops to -€1,101, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity doublescurrent ratio 1645.07
Current ratio from 685.52 to 1645.07; short-term debt falls from €184 to €76.
02-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Liquidity times 520current ratio 685.52
Current ratio from 1.32 to 685.52; short-term debt falls from €401,959 to €184.
31-12
Financial Equity above €5mEq €6.4m ▲57.6%
Equity rises from €4.1m to €6.4m.
21-05
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
1.2 ha
Building footprint
6,844 m²
Volume, LiDAR
56,199 m³
Parcel 34453F0334/00N002, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
VHPE
Textielstraat 26, 8790 WaregemHoldings
since 20202.305.979.614
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34453F0334/00N002 Flanders 1.2 ha 1 · 6,844 m² 10.7 m · 3 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 1

According to the 2024 annual accounts of VHPE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Company details

Identification
Legal formPrivate limited company
Founded04-08-2020
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

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