VIPOWA
ActiveVIPOWA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €352k and a net result of €319k. Equity is shrinking by ~13.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 12% of 1696 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability68▼-26
Solvency32▲+6
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.01 in 2023; short-term debt: 92.3% and cash: 23.5% of total assets), and 92.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 1696 sector peers (2024).
NBB · sector comparisonPosition among 1696 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
30 d late
2022
30 d late
2021
4 d early
2020
1 d early
2019
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€352k▲ 971%
2023 · €33k
2018: €251k
2019: €170k
2020: €107k
2021: €-800k
2022: €-717k
2023: €33k
2018 → 2024
Total assets
€4.86M▲ 32.6%
2023 · €3.66M
2018: €2.95M
2019: €3.61M
2020: €3.94M
2021: €3.85M
2022: €2.33M
2023: €3.66M
2018 → 2024
Net result
€319k▼ 57.4%
2023 · €750k
2018: €-81k
2019: €-81k
2020: €-101k
2021: €-807k
2022: €84k
2023: €750k
2018 → 2024
Working capital
€368k▲ 1,042%
2023 · €32k
2018: €316k
2019: €71k
2020: €-21k
2021: €-823k
2022: €-728k
2023: €32k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€107k-€-800k€-717k▲ 10.4%€33k€352k▲ 971%
Operating result€-75k-€-1.13M▼ 1,402%€106k€779k▲ 637%€518k▼ 33.5%
Net result€-101k-€-807k▼ 700%€84k€750k▲ 797%€319k▼ 57.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 33% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.86M
Fixed assets
€4k▲ 548%
Current assets
€4.86M▲ 32.5%
Equity and liabilities €4.86M
Equity
€352k▲ 971%
Debt
€4.51M▲ 24.1%
The debt ratio falls from 99.1% to 92.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€521k▼
2023 · €790k
Cash flow
€322k▼
2023 · €761k
Solvency
7.2%▲
2023 · 0.9%
Current ratio
1.08▲
2023 · 1.01
Quick ratio
0.85▲
2023 · 0.61
Debt / equity
12.80
ROE
90.7%
ROA
6.6%▼
2023 · 20.5%
Interest coverage
4.92▼
2023 · 13.81
Debt
€4.51M▲
2023 · €3.63M
Debt ≤ 1 year
€4.49M▲
2023 · €3.63M
Income taxes
€93k
Staff costs
€91k▲
2023 · €84k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.66M€4.86M▲
Fixed assets21/28€645€4k▲
Tangible fixed assets22/27€645€4k▲
Furniture and vehicles24€645€4k▲
Current assets29/58€3.66M€4.86M▲
Stocks and contracts in progress3€1.44M€1.05M▼
Stocks30/36€1.44M€1.05M▼
Amounts receivable within one year40/41€312k€2.65M▲
Trade receivables40€277k€122k▼
Other amounts receivable41€35k€2.53M▲
Cash at bank and in hand54/58€1.90M€1.14M▼
Deferred charges and accrued income490/1€7k€7k▲
Equity and liabilities
Total equity and liabilities10/49€3.66M€4.86M▲
Equity10/15€33k€352k▲
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€10k€252k▲
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Distributable reserves133-€242k
Profit (loss) carried forward14€-77k€215▲
Amounts payable17/49€3.63M€4.51M▲
Amounts payable within one year42/48€3.63M€4.49M▲
Financial debts43€1.50M€1.50M=
Credit institutions430/8€1.50M€1.50M=
Trade debts44€1.47M€1.51M▲
Suppliers440/4€1.47M€1.51M▲
Advances received on contracts in progress46€32k€0▼
Taxes, remuneration and social security45€27k€79k▲
Taxes450/3€5k€58k▲
Remuneration and social security454/9€22k€20k▼
Other amounts payable47/48€605k€1.40M▲
Accrued charges and deferred income492/3-€20k
Income statement
Code20232024
Remuneration, social security and pensions62€84k€91k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€3k▼
Other operating charges640/8€149€9k▲
Gross operating margin9900€874k€621k▼
Operating profit (loss)9901€779k€518k▼
Financial income75/76B€28k€28▼
Recurring financial income75€28k€28▼
Financial charges65/66B€57k€106k▲
Recurring financial charges65€57k€106k▲
Profit (loss) for the period before taxes9903€750k€412k▼
Income taxes67/77-€93k
Profit (loss) for the period9904€750k€319k▼
Profit (loss) for the period to be appropriated9905€750k€319k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-77k€242k▲
Profit (loss) brought forward from the previous period14P€-827k€-77k▲
Transfer to equity691/2-€242k
To other reserves6921-€242k
Social balance
Average headcount (FTE)90871.00.0▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Equity above €200kEq €352k ▲971%
3 profitable years in a row build equity to €352k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €750k ▲797%
Operating result €779k, net result €750k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Back to profitnet €84k
Net result €84k after 4 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-807k
Net result drops to €-807k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brussel · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Barricadenplein 131000 BrusselGround area
412 m²
Building footprint
325 m²
Volume, LiDAR
4,642 m³
Parcel 21803C0366/00H000, Brussels · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
VIPOWA
since 20072.159.611.859
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C0366/00H000 | Brussels | 412 m² | 1 · 325 m² | 17.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
Thibo Laeremans
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AGRO TIENEN
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BROEKHEIDEHOEVE
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Peer · Eq €364k
DEWULF
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VARKUM
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Of 587 companies in sector 01462 we hold annual accounts for 213. 183 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-12-2006
Fiscal year end31-12
Activities, NACEBEL
01462Crop and animal production, hunting and related service activities
01461Pig breeding farms
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.