VIPIMO
ActiveFrom the official registers: KBO 21 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
VIPIMO has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€179,956) and a net result of €16,199. Equity has been growing by about 2.6% per year since 2018. The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 06-04-2004 Normal situation
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €45,431
- ▼ 17.0%
- Turnover
- ≈ €180,000
- estimated
- Profit
- €16,199
- ▼ 32.0%
- Equity
- -€179,956
- ▲ 8.3%
- Total assets
- €232,813
- ▼ 10.1%
Score breakdownraises riskCapped at 59: negative equityNegative equity -€179,956No registered site in the KBOlowers riskSize: total assets €232,813Founded in 2004Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro). It does better than 5% of them on solvency, 57% on liquidity, 60% on profitability and 65% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 91 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 07-05-2026 PDF all 21 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 30% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Companies with the same profile, two years later
Historical observationIn July 2024, 3,794 companies had the same profile as VIPIMO has now. Two years later, 2.7% had gone bankrupt and 91.5% were still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VIPIMO itself is lower: 0.5% within 12 months. It rests on far more data about VIPIMO than the profile alone.
Test of the method
The method was tested on the 497,445 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.
| 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 3,794 companies, not a prediction for VIPIMO. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,975 | €26,692 | €26,692 | €26,692 | €26,320 | €24,507 | €23,957 | €22,528 | ▼ 6.0% |
| Other operating charges640/8 | - | - | - | - | €3,676 | €3,065 | €4,745 | €4,705 | ▼ 0.8% |
| Gross operating margin9900 | €41,510 | €44,626 | €40,283 | €41,902 | €47,684 | €41,025 | €54,756 | €45,431 | ▼ 17.0% |
| Operating profit (loss)9901 | €9,041 | €14,375 | €10,081 | €11,414 | €17,688 | €13,453 | €26,054 | €18,198 | ▼ 30.2% |
| Financial charges65/66B | - | - | - | - | €13,676 | €2,451 | €2,231 | €1,999 | ▼ 10.4% |
| Recurring financial charges65 | €14,678 | €14,497 | €14,314 | €14,154 | €13,676 | €2,451 | €2,231 | €1,939 | ▼ 13.1% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €60 | - |
| Profit (loss) for the period before taxes9903 | -€5,636 | -€122 | -€4,233 | -€2,740 | €4,013 | €11,002 | €23,823 | €16,199 | ▼ 32.0% |
| Profit (loss) for the period9904 | -€5,636 | -€122 | -€4,233 | -€2,740 | €4,013 | €11,002 | €23,823 | €16,199 | ▼ 32.0% |
| Profit (loss) for the period to be appropriated9905 | -€5,636 | -€122 | -€4,233 | -€2,740 | €4,013 | €11,002 | €23,823 | €16,199 | ▼ 32.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €427,437 | €429,673 | €429,941 | €414,181 | €305,174 | €270,748 | €258,844 | €232,813 | ▼ 10.1% |
| Fixed assets21/28 | €372,582 | €345,889 | €319,197 | €292,504 | €273,838 | €249,331 | €225,374 | €202,847 | ▼ 10.0% |
| Tangible fixed assets22/27 | €372,582 | €345,889 | €319,197 | €292,504 | €273,838 | €249,331 | €225,374 | €202,847 | ▼ 10.0% |
| Land and buildings22 | - | - | - | - | €273,838 | €249,331 | €225,374 | €202,847 | ▼ 10.0% |
| Current assets29/58 | €54,856 | €83,783 | €110,744 | €121,677 | €31,337 | €21,417 | €33,470 | €29,967 | ▼ 10.5% |
| Cash at bank and in hand54/58 | €54,856 | €83,783 | €110,744 | €121,677 | €31,337 | €21,417 | €28,041 | €29,967 | ▲ 6.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €5,429 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €427,437 | €429,673 | €429,941 | €414,181 | €305,174 | €270,748 | €258,844 | €232,813 | ▼ 10.1% |
| Equity10/15 | -€227,898 | -€228,020 | -€232,253 | -€234,993 | -€230,980 | -€219,978 | -€196,155 | -€179,956 | ▲ 8.3% |
| Contributions10/11 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Capital10 | - | - | - | - | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Issued capital100 | - | - | - | - | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Reserves13 | €162 | €162 | €162 | €162 | €162 | €162 | €162 | €162 | = |
| Non-distributable reserves130/1 | - | - | - | - | €162 | €162 | €162 | €162 | = |
| Legal reserve130 | - | - | - | - | €162 | €162 | €162 | €162 | = |
| Profit (loss) carried forward14 | -€298,060 | -€298,182 | -€302,415 | -€305,155 | -€301,142 | -€290,140 | -€266,317 | -€250,118 | ▲ 6.1% |
| Amounts payable17/49 | €655,335 | €657,692 | €662,193 | €649,174 | €536,154 | €490,726 | €454,999 | €412,769 | ▼ 9.3% |
| Amounts payable after more than one year17 | €536,768 | €531,507 | €526,044 | €520,373 | €494,267 | €448,614 | €412,502 | €369,682 | ▼ 10.4% |
| Financial debts170/4 | - | - | - | - | €60,720 | €54,608 | €48,496 | €41,675 | ▼ 14.1% |
| Other amounts payable178/9 | - | - | - | - | €433,547 | €394,007 | €364,007 | €328,007 | ▼ 9.9% |
| Amounts payable within one year42/48 | €118,567 | €126,186 | €136,149 | €128,801 | €41,887 | €42,112 | €42,112 | €43,087 | ▲ 2.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €41,887 | €42,112 | €42,112 | €43,087 | ▲ 2.3% |
| Trade debts44 | €591 | €3,016 | €2,779 | - | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €384 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,636 | -€122 | -€4,233 | -€2,740 | €4,013 | €11,002 | €23,823 | €16,199 | ▼ 32.0% |
| + Depreciation and write-downs630 | €28,975 | €26,692 | €26,692 | €26,692 | €26,320 | €24,507 | €23,957 | €22,528 | ▼ 6.0% |
| Operating cash flow (approximation) | €23,339 | €26,570 | €22,459 | €23,953 | €30,333 | €35,508 | €47,780 | €38,727 | ▼ 18.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€7,653 | -€0 | €0 | €0 | - |
| Change in cash | - | €28,928 | €26,960 | €10,933 | -€90,340 | -€9,919 | €6,624 | €1,926 | ▼ 70.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 07-05-2026 | 2026-00106725 | |
| 31-12-2024 | micro format | 24-03-2025 | 2025-00055025 | |
| 31-12-2023 | micro format | 22-05-2024 | 2024-00095964 | |
| 31-12-2022 | micro format | 22-05-2023 | 2023-00094588 | |
| 31-12-2021 | micro format | 25-03-2022 | 2022-08500583 | |
| 31-12-2020 | micro format | 22-05-2021 | 2021-15000567 | |
| 31-12-2019 | micro format | 07-05-2020 | 2020-11600558 | |
| 31-12-2018 | micro format | 21-05-2019 | 2019-13800027 | |
| 31-12-2017 | micro format | 20-07-2018 | 2018-37000477 | |
| 31-12-2016 | full format | 31-05-2017 | 2017-14100007 |
Board & ownership
Directors
Board 2
Day-to-day management 1
Owners and capital
Owners
Mandate history
- Board
- Day-to-day management
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| Bursztejn Pierre |
|
| NICODEME STEPHANE |
|
| Nicodème Stéphare |
|
Network & group
VIPIMO shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of VIPIMO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
07-07
Gazette deed
Reappointments: Bursztejn Pierre (director and managing director) and Nicodème Stéphare (director)5 points ▸
- General meeting, 30-06-2021
- Other provision, “Code des sociétés et statuts, constatation de la validité de l'assemblée” (deed in French)
- Director reappointment, Bursztejn Pierre (director and managing director)
- Director reappointment, Nicodème Stéphare (director)
- Other provision, 30-06-2021
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21447B0307/00N005 | Brussels | 197 m² | 1 · 82 m² | 14.9 m · 4 |