VIPC
ActiveSummary
The computed 12-month bankruptcy probability of VIPC is 1.6% (moderate). The 2025 annual accounts show equity of €14,354 and a net result of €68,030. Equity is shrinking by ~17.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 26% of 18537 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+60
Solvency31▲+31
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.94 against 0.74 in 2024; short-term debt: 92.2% and cash: 11.4% of total assets), and 93.8% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-01-2026, 23 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
23 d early
2024
24 d early
2023
29 d late
2022
14 d late
2021
8 d late
2020
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average on the deadline day; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€14,354
2024 · -€53,676
Total assets
€231,920▲ 12.7%
2024 · €205,773
Net result
€68,030▲ 10,147%
2024 · €664
Working capital
-€12,013▲ 82.0%
2024 · -€66,722
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€4,599▼ 88.4%€3,655▼ 20.5%-€90,572€9,709€78,212▲ 706%
Net result€4,394▼ 84.0%-€1,135-€97,510▼ 8,492%€664€68,030▲ 10,147%
Equity€44,305▲ 11.0%€43,170▼ 2.6%-€54,340-€53,676▲ 1.2%€14,354
Total assets€500,816▲ 69.9%€429,566▼ 14.2%€333,344▼ 22.4%€205,773▼ 38.3%€231,920▲ 12.7%
Debt€456,511▲ 79.1%€386,396▼ 15.4%€387,684▲ 0.3%€259,448▼ 33.1%€217,566▼ 16.1%
Working capital€28,576▼ 9.9%€25,175▼ 11.9%-€72,477-€66,722▲ 7.9%-€12,013▲ 82.0%
Staff (FTE)1.41▼ 28.6%0.2▼ 80.0%2.8▲ 1,300%
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 2023 the operating result has climbed two years in a row; 2025 is 706% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €231,920
Fixed assets
€30,122 ▲ 131%
Current assets
€201,798 ▲ 4.7%
Equity and liabilities €231,920
Equity
€14,354
Debt
€217,566
Debt finances 93.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€85,013▲
2024 · €26,842
Cash flow
€74,831▲
2024 · €17,798
Current ratio
0.94▲
2024 · 0.74
Quick ratio
0.53▲
2024 · 0.38
Debt to equity
15.16▲
2024 · -4.83
ROE
473.9%
ROA
29.3%▲
2024 · 0.3%
Interest coverage
7.96▲
2024 · 2.51
Debt ≤ 1 year
€213,811▼
2024 · €259,448
Debt > 1 year
€3,702
Income taxes
€142▼
2024 · €1,144
Staff costs
€17,860▲
2024 · €8,655
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,151 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4,299 | €22 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €27,887 | €33,220 | €8,655 | €17,860 | ▲ 106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,615 | €30,856 | €29,913 | €17,134 | €6,801 | ▼ 60.3% |
| Other operating charges640/8 | - | €1,605 | €1,770 | €2,074 | €1,220 | ▼ 41.2% |
| Gross operating margin9900 | €37,897 | €64,002 | -€25,669 | €37,571 | €104,092 | ▲ 177% |
| Operating profit (loss)9901 | €4,599 | €3,655 | -€90,572 | €9,709 | €78,212 | ▲ 706% |
| Financial income75/76B | - | €1,783 | €805 | €2,791 | €646 | ▼ 76.9% |
| Recurring financial income75 | €4,371 | €1,783 | €805 | €1,172 | €646 | ▼ 44.9% |
| Non-recurring financial income76B | - | - | - | €1,618 | €0 | ▼ 100% |
| Financial charges65/66B | - | €6,573 | €7,742 | €10,691 | €10,687 | = |
| Recurring financial charges65 | €3,489 | €6,573 | €7,742 | €10,691 | €10,687 | = |
| Profit (loss) for the period before taxes9903 | €5,481 | -€1,135 | -€97,510 | €1,808 | €68,171 | ▲ 3,671% |
| Income taxes67/77 | €1,087 | - | - | €1,144 | €142 | ▼ 87.6% |
| Profit (loss) for the period9904 | €4,394 | -€1,135 | -€97,510 | €664 | €68,030 | ▲ 10,147% |
| Profit (loss) for the period to be appropriated9905 | €4,394 | -€1,135 | -€97,510 | €664 | €68,030 | ▲ 10,147% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €500,816 | €429,566 | €333,344 | €205,773 | €231,920 | ▲ 12.7% |
| Fixed assets21/28 | €78,858 | €52,789 | €27,477 | €13,046 | €30,122 | ▲ 131% |
| Intangible fixed assets21 | €10,719 | €8,094 | €5,469 | €2,844 | €219 | ▼ 92.3% |
| Tangible fixed assets22/27 | €68,140 | €44,695 | €22,009 | €10,202 | €29,903 | ▲ 193% |
| Plant, machinery and equipment23 | - | €8,480 | €3,065 | €483 | €10,871 | ▲ 2,149% |
| Furniture and vehicles24 | - | €9,811 | €11,040 | €7,747 | €12,164 | ▲ 57.0% |
| Leasing and similar rights25 | - | €16,602 | €4,883 | - | €5,312 | - |
| Other tangible fixed assets26 | - | €9,803 | €3,021 | €1,972 | €1,557 | ▼ 21.0% |
| Current assets29/58 | €421,957 | €376,777 | €305,867 | €192,726 | €201,798 | ▲ 4.7% |
| Stocks and contracts in progress3 | €123,027 | €102,400 | €101,337 | €93,747 | €88,146 | ▼ 6.0% |
| Stocks30/36 | - | €102,400 | €101,337 | €93,747 | €88,146 | ▼ 6.0% |
| Amounts receivable within one year40/41 | €245,133 | €258,858 | €195,133 | €88,781 | €85,305 | ▼ 3.9% |
| Trade receivables40 | - | €249,166 | €179,204 | €88,547 | €78,230 | ▼ 11.7% |
| Other amounts receivable41 | - | €9,692 | €15,929 | €233 | €7,075 | ▲ 2,933% |
| Cash at bank and in hand54/58 | €53,364 | €12,861 | €8,411 | €8,969 | €26,519 | ▲ 196% |
| Deferred charges and accrued income490/1 | - | €2,658 | €986 | €1,229 | €1,828 | ▲ 48.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €500,816 | €429,566 | €333,344 | €205,773 | €231,920 | ▲ 12.7% |
| Equity10/15 | €44,305 | €43,170 | -€54,340 | -€53,676 | €14,354 | ▲ 127% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €31,905 | €30,770 | €1,860 | €1,860 | €1,954 | ▲ 5.0% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €28,910 | €0 | €1,860 | €1,954 | ▲ 5.0% |
| Profit (loss) carried forward14 | - | - | -€68,600 | -€67,936 | €0 | ▲ 100% |
| Amounts payable17/49 | €456,511 | €386,396 | €387,684 | €259,448 | €217,566 | ▼ 16.1% |
| Amounts payable after more than one year17 | €60,522 | €32,520 | €5,509 | - | €3,702 | - |
| Financial debts170/4 | - | €32,520 | €5,509 | - | €3,702 | - |
| Amounts payable within one year42/48 | €393,381 | €351,602 | €378,344 | €259,448 | €213,811 | ▼ 17.6% |
| Current portion of amounts payable after more than one year42 | - | €29,337 | €28,365 | €6,883 | €1,673 | ▼ 75.7% |
| Financial debts43 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Credit institutions430/8 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Trade debts44 | €207,912 | €153,781 | €190,978 | €87,738 | €51,975 | ▼ 40.8% |
| Suppliers440/4 | - | €153,781 | €190,978 | €87,738 | €51,975 | ▼ 40.8% |
| Advances received on contracts in progress46 | - | €1,972 | €0 | - | €110 | - |
| Taxes, remuneration and social security45 | - | €16,512 | €9,001 | €10,773 | €10,052 | ▼ 6.7% |
| Taxes450/3 | - | €8,148 | €5,270 | €9,818 | €8,565 | ▼ 12.8% |
| Remuneration and social security454/9 | - | €8,364 | €3,731 | €955 | €1,488 | ▲ 55.8% |
| Other amounts payable47/48 | - | - | - | €4,055 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €2,274 | €3,831 | - | €53 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,394 | -€1,135 | -€97,510 | €664 | €68,030 | ▲ 10,147% |
| + Depreciation and write-downs630 | €29,615 | €30,856 | €29,913 | €17,134 | €6,801 | ▼ 60.3% |
| Operating cash flow (approximation) | €34,008 | €29,721 | -€67,596 | €17,798 | €74,831 | ▲ 320% |
| Investment in fixed assets (approximation) | - | -€4,786 | -€4,602 | -€2,702 | -€23,877 | ▼ 784% |
| Change in cash | - | -€40,503 | -€4,450 | €558 | €17,550 | ▲ 3,045% |
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
2026
08-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2020net €68,030 ▲10,147%
Operating result €78,212, net result €68,030, both a record.
07-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Back to profitnet €664
Net result €664 after 2 loss-making years.
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
30-06
Financial
Weakest financial yearnet -€97,510
Net result drops to -€97,510, the lowest in the series; recovery starts the following year.
14-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
08-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Ieper · 1 establishment unit since 2018
Ground area
1,546 m²
Building footprint
570 m²
Volume, LiDAR
2,926 m³
2 parcels, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VIPC
since 20182.282.585.291
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33027A0199/00S000 | Flanders | 1,331 m² | 1 · 354 m² | 10.0 m · 1 fl. |
| 33026C0015/00Y000 | Flanders | 216 m² | 1 · 216 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 11,641 EUR awarded · 11,641 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,117 EUR | 3,117 EUR |
| 2022 | 1 | 8,524 EUR | 8,524 EUR |
Similar companies · same sector, comparable size
LED Screen Service Center
BE 0635.529.746
Walcourt · Eq €14,348
Gandamo
BE 0809.013.553
Destelbergen · Eq €14,373
MESBAH TELECOM
BE 0600.795.333
Sint-Jans-Molenbeek · Eq €14,318
GSM SERVICE
BE 0673.908.191
Etterbeek · Eq €14,295
CHOPPE ENTERPRISE
BE 1006.337.584
Sint-Pieters-Leeuw · Eq €14,475
Of 3,223 companies in sector 47400 we hold annual accounts for 1,806. 1,054 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
Founded13-12-2018
Fiscal year end30-06
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0715769631
Also
9925:BE0715769631
Registered
29-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.