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VIPE PROJECTS

Active Private limited companyfounded 2008active for 18 yearsParijsstraat 28, 8430 MiddelkerkeKBO/BCE: BE 0897.448.453 #10 company by total assets in Middelkerke, Administrative and support services sector

Lifetime

17 annual accounts with figures on one time axis
peak €95,923 (2023)
€63,314▼ 9.9%
lowest -€8,736 (2012)
€895▼ 96.6%
peak €220,327 (2025)
€220,327▲ 0.4%
€828,809▲ 123%
Board1 name since 2010
1 directorVincent Petre
Documentsfilings and deeds
17-03-202644 days before the deadline
2025micro format
Result from €26,630 to €895Debts from €372,263 to €828,809Investments €477,308

Key points

from the 2025 annual accounts

Equity

€220,327 ▲ 0.4%

VIPE PROJECTS has made a profit without a break since 2015.

Turnover

≈ €130,000 estimated

The micro format states no turnover.

Debts

€828,809 ▲ 123%
Financial debts
+382,057
Other debts
+48,238
The rest
+26,250

Debts rose by €456,545 in 2025.

Investments

€477,308 13.9 × depreciation
2022202320242025

Green is investment, beige is depreciation. Land and buildings stand 77.5% higher than in 2024.

Filings

17 annual accounts since 2008
deadline2010201520202025

The last five annual accounts were filed 26 to 44 days before the end of the period.

Position in the sector

€220,327

More equity than 81% of companies in office administrative support. Sector median €53,928 · 9,708 companies.

Checked score

85
Excellent
Financially stronger than 32% of micro companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.2%▲ +0.1 percentage points vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.1%▼ -0.1 percentage points vs 03-2025lowest value 05-2025: 0.1%● unchanged vs 04-2025lowest value 06-2025: 0.1%● unchanged vs 05-2025lowest value 07-2025: 0.1%● unchanged vs 06-2025lowest value 08-2025: 0.1%● unchanged vs 07-2025lowest value 09-2025: 0.1%● unchanged vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.3%▲ +0.2 percentage points vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026highest value 04-2026: 0.2%▼ -0.1 percentage points vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026

Financial strength
Weak

46-16equity 21.0% of total assets
49-3short-term debt 21.4% · cash 5.0%
42-32return on assets 0.1%

Score breakdown

raises risk
1 change of registered office in 24 months
lowers risk
Size: total assets €1.0m
Figures for financial year 2025 (filed on 18-03-2026)
Sector: Office administrative, office support and other business support activities (NACE 82)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 29% of them on solvency, 34% on liquidity, 23% on profitability and 41% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 30-09-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 4,107 companies had the same profile as VIPE PROJECTS has now. Each dot stands for 11 companies, two years later.

97.9%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of VIPE PROJECTS itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 4,107 companies, not a prediction for VIPE PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €18,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.48 (0.62 in 2024), below 1. Short-term debt is 21.4% and cash 5% of total assets. 79% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: total assets €1.0m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 18-03-2026)
NBB · annual accounts
lowers risk · Sector: Office administrative, office support and other business support activities (NACE 82)
KBO
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-03-2026, 44 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
44 days early
2024
34 days early
2023
42 days early
2022
26 days early
2021
36 days early
2020
30 days early
2019
41 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 36 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 25 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

VP
Director, since 13-10-2010
Board & ownership

Recent changes

Registered office moved from Maarkedal to Middelkerke New registered office: Parijsstraat 28 bus 401, 8430 Middelkerke · Previous registered office: Herpelstraat 2, 9688 Maarkedal · Board meeting of 10-12-2025 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0897448453
Environmental permit granted Slopen van niet vrijstaande gebouwen of constructies, Verwijderen van vrijstaande gebouwen · Zwalm
Environmental permit granted Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Oudenaarde
All 34 events

Comparable companies

same main activity, similar in size and age
Company
VIPE PROJECTS Middelkerke €1.0m €63,314 21.0% -
BLK INVEST Roeselare €1.2m €58,510 72.3% -
AMMALIE Kasterlee €1.1m €60,868 58.1% -
AER-PRO Brecht €1.0m €56,834 30.1% -
GLOBUZ Sint-Martens-Latem €1.1m €54,620 24.5% -
EPOS Houthalen-Helchteren €1.0m €67,293 98.7% -
Omnibuilding Schoten €0.9m €63,843 -9.3% -

These companies have the same main activity as VIPE PROJECTS: other business support services (NACE 82990). They are comparable in size and age: total assets between €856,000 and €1.2m, founded between 2006 and 2010.

Official details

Source: KBO
Status
Active since 04-04-2008Normal situation
Activity
Other business support servicesNACE 82990and 1 other
Establishment unit
2.193.174.5529688 Maarkedal, since 13-10-2010
Financial year end
30 September
Peppol
Reachable since 13-10-2025
Company details

Annual accounts to 30-09-2025

€1.0m▲ 77.3%
Filing
Filed on 17-03-2026, 44 days before the end of the filing period
Financials

Insights on VIPE PROJECTS

VIPE PROJECTS files the micro format. That format states no turnover. The gross margin rose from €33,930 in 2008 to €63,314 in 2025.

The balance sheet grew most from 2023 to 2025 through fixed assets, financed with long-term debt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about VIPE PROJECTS

What is the company number of VIPE PROJECTS?
The company number of VIPE PROJECTS is 0897.448.453. The VAT number is the same number with BE in front: BE 0897.448.453.
Where is VIPE PROJECTS based?
The registered office is at Parijsstraat 28, 8430 Middelkerke.Company details
What does VIPE PROJECTS do?
According to the KBO register, the main activity is other business support services (NACE 82990).
What is the legal form of VIPE PROJECTS?
VIPE PROJECTS is a private limited company (BV).
When was VIPE PROJECTS founded?
VIPE PROJECTS was founded on 04-04-2008.
Is VIPE PROJECTS still active?
Yes, VIPE PROJECTS is an active enterprise in the KBO register.
What is the turnover of VIPE PROJECTS?
The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €63,314 and 36 comparable companies (NACE 82). It probably lies between €100,000 and €180,000.Financials
Is VIPE PROJECTS profitable?
In financial year 2025, VIPE PROJECTS made a profit of €895.
Where can I find the annual accounts of VIPE PROJECTS?
VIPE PROJECTS filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of VIPE PROJECTS due?
VIPE PROJECTS must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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