VIPI
ActiveSummary
VIPI has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56k and a net result of €-3k. Its solvency ranks better than 51% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2023
Profitability41▼-6
Solvency56▲+3
Growth32
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.27 in 2023; short-term debt: 29.3% and cash: 0% of total assets), and 68.6% 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
31.4%
Return on assets
-1.9%
Age of the figures
9 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 29-07-2026, 2 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
2 d early
2023
91 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€56k▼ 3.6%
2023 · €58k
2023: €58k
2025: €56k
2023 → 2025
Total assets
€179k▼ 14.6%
2023 · €210k
2023: €210k
2025: €179k
2023 → 2025
Net result
€-3k▼ 17.4%
2023 · €-3k
2023: €-3k
2025: €-3k
2023 → 2025
Working capital
€-52k▼ 315%
2023 · €-13k
2023: €-13k
2025: €-52k
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232025Trend
Equity€58k-€56k▼ 3.6%
2023: €58k
2025: €56k
Operating result€7k-€1k▼ 81.5%
2023: €7k
2025: €1k
Net result€-3k-€-3k▼ 17.4%
2023: €-3k
2025: €-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €1k in 2025, compared with €7k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Equity and liabilities €179k
Equity
€56k ▼ 3.6%
Debt
€123k ▼ 18.8%
Debt's share of the balance-sheet total falls from 72.2% to 68.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€14k▼
2023 · €24k
Cash flow
€9k▼
2023 · €15k
Current ratio
0.00▼
2023 · 0.27
Debt to equity
2.18▼
2023 · 2.59
ROE
-5.9%▼
2023 · -4.8%
ROA
-1.9%▼
2023 · -1.3%
Interest coverage
2.95▼
2023 · 3.54
Debt ≤ 1 year
€52k▲
2023 · €17k
Debt > 1 year
€70k▼
2023 · €134k
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 2023 · 36 lines
Balance sheet
Code20232025
Assets
Total assets20/58€210k€179k▼
Fixed assets21/28€205k€179k▼
Tangible fixed assets22/27€205k€179k▼
Land and buildings22€205k€179k▼
Current assets29/58€5k€0▼
Cash at bank and in hand54/58€5k€0▼
Equity and liabilities
Total equity and liabilities10/49€210k€179k▼
Equity10/15€58k€56k▼
Contributions10/11€19k€19k=
Reserves13€3k€4k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€683€2k▲
Profit (loss) carried forward14€37k€34k▼
Amounts payable17/49€151k€123k▼
Amounts payable after more than one year17€134k€70k▼
Financial debts170/4€134k€70k▼
Amounts payable within one year42/48€17k€52k▲
Current portion of amounts payable after more than one year42-€22k
Financial debts43-€119
Credit institutions430/8-€119
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€17k€29k▲
Income statement
Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€12k▼
Other operating charges640/8€7k€8k▲
Gross operating margin9900€32k€21k▼
Operating profit (loss)9901€7k€1k▼
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€-94€-3k▼
Income taxes67/77€3k-
Profit (loss) for the period9904€-3k€-3k▼
Profit (loss) for the period to be appropriated9905€-3k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€37k€34k▼
Profit (loss) brought forward from the previous period14P€40k€37k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €12k | - |
| Other operating charges640/8 | €7k | €8k | - |
| Gross operating margin9900 | €32k | €21k | - |
| Operating profit (loss)9901 | €7k | €1k | - |
| Financial charges65/66B | €7k | €5k | - |
| Recurring financial charges65 | €7k | €5k | - |
| Profit (loss) for the period before taxes9903 | €-94 | €-3k | - |
| Income taxes67/77 | €3k | - | - |
| Profit (loss) for the period9904 | €-3k | €-3k | - |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-3k | - |
| Line | 2023 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €210k | €179k | - |
| Fixed assets21/28 | €205k | €179k | - |
| Tangible fixed assets22/27 | €205k | €179k | - |
| Land and buildings22 | €205k | €179k | - |
| Current assets29/58 | €5k | €0 | - |
| Cash at bank and in hand54/58 | €5k | €0 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €210k | €179k | - |
| Equity10/15 | €58k | €56k | - |
| Contributions10/11 | €19k | €19k | - |
| Reserves13 | €3k | €4k | - |
| Non-distributable reserves130/1 | €2k | €2k | - |
| Reserves not available under the articles1311 | €2k | €2k | - |
| Distributable reserves133 | €683 | €2k | - |
| Profit (loss) carried forward14 | €37k | €34k | - |
| Amounts payable17/49 | €151k | €123k | - |
| Amounts payable after more than one year17 | €134k | €70k | - |
| Financial debts170/4 | €134k | €70k | - |
| Amounts payable within one year42/48 | €17k | €52k | - |
| Current portion of amounts payable after more than one year42 | - | €22k | - |
| Financial debts43 | - | €119 | - |
| Credit institutions430/8 | - | €119 | - |
| Taxes, remuneration and social security45 | - | €2k | - |
| Taxes450/3 | - | €2k | - |
| Other amounts payable47/48 | €17k | €29k | - |
| Line | 2023 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-3k | - |
| + Depreciation and write-downs630 | €18k | €12k | - |
| Operating cash flow (approximation) | €15k | €9k | - |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
NBB filing
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
2 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, Sint-Katelijne-Waver · 1 establishment unit since 1988
Ground area
1,336 m²
Building footprint
412 m²
Volume, LiDAR
2,281 m³
2 parcels, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Liersesteenweg 92, 2800 Mechelen
since 19882.035.977.639
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12027A0363/00R000 | Flanders | 1,118 m² | 1 · 193 m² | 9.9 m · 2 fl. |
| 12402B0159/00X006 | Flanders | 218 m² | 1 · 218 m² | 12.0 m · 1 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.
Similar companies · same sector, comparable size
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AISIMO
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GOVETO
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Floreffe · Eq €56,107
DETECO
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MAËL
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Gent · Eq €56,089
Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 3,216 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
Founded19-01-1988
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.