VP Capital is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €326.50M and a net result of €93.12M. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 79% of 3163 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 06-07-2026, 25 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
25 d early
2024
30 d early
2023
30 d early
2022
20 d early
2021
31 d early
2020
5 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory
Equity
€326.50M▲ 36.7%
2024 · €238.83M
2018: €221.57M
2019: €232.94M
2020: €234.99M
2021: €279.02M
2022: €262.09M
2023: €252.59M
2024: €238.83M
2018 → 2025
Net result
€93.12M
2024 · €-8.24M
2018: €11.23M
2019: €13.85M
2020: €5.66M
2021: €48.43M
2022: €-11.76M
2023: €-4.12M
2024: €-8.24M
2018 → 2025
Total assets
€386.31M▲ 18.1%
2024 · €327.13M
2018: €272.08M
2019: €250.98M
2020: €268.41M
2021: €305.10M
2022: €278.16M
2023: €296.91M
2024: €327.13M
2018 → 2025
Solvency
84.5%▲ 11.5pp
2024 · 73.0%
2018: 81.4%
2019: 92.8%
2020: 87.5%
2021: 91.5%
2022: 94.2%
2023: 85.1%
2024: 73.0%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€465k-€674k▲ 44.9%€1.35M▲ 100%€2.08M▲ 54.1%€2.70M▲ 29.6%
Equity€279.02M-€262.09M▼ 6.1%€252.59M▼ 3.6%€238.83M▼ 5.4%€326.50M▲ 36.7%
Operating result€-2.39M-€-2.45M▼ 2.6%€-2.46M▼ 0.3%€-2.86M▼ 16.3%€-2.51M▲ 12.1%
Net result€48.43M-€-11.76M€-4.12M▲ 65.0%€-8.24M▼ 99.9%€93.12M
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.51M in 2025 against €2.86M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €386.31M
Fixed assets
€244.89M=
Current assets
€141.42M▲ 72.1%
Equity and liabilities €386.31M
Equity
€326.50M▲ 36.7%
Debt
€59.81M▼ 32.3%
The debt ratio falls from 27.0% to 15.5%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
84.5%▲
2024 · 73.0%
ROE
28.5%▲
2024 · -3.4%
ROA
24.1%▲
2024 · -2.5%
Debt
€59.81M▼
2024 · €88.30M
Debt ≤ 1 year
€59.46M▼
2024 · €88.30M
Income taxes
€508▼
2024 · €1k
Staff costs
€991k▲
2024 · €961k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€327.13M€386.31M▲
Fixed assets21/28€244.97M€244.89M=
Tangible fixed assets22/27€70k€57k▼
Plant, machinery and equipment23-€6k
Furniture and vehicles24€63k€7k▼
Leasing and similar rights25€8k-
Other tangible fixed assets26-€45k
Financial fixed assets28€244.90M€244.84M=
Affiliated companies280/1€243.55M€243.49M=
Participating interests280€238.75M€238.75M=
Amounts receivable281€4.80M€4.73M▼
Other financial fixed assets284/8€1.35M€1.35M=
Amounts receivable and cash guarantees285/8€1.35M€1.35M=
Current assets29/58€82.16M€141.42M▲
Amounts receivable after more than one year29€1.11M€1.22M▲
Other amounts receivable291€1.11M€1.22M▲
Amounts receivable within one year40/41€51.77M€111.58M▲
Trade receivables40€1.34M€1.98M▲
Other amounts receivable41€50.43M€109.60M▲
Current investments50/53€28.69M€28.33M▼
Own shares50€14.35M€15.65M▲
Other investments51/53€14.34M€12.68M▼
Cash at bank and in hand54/58€83k€114k▲
Deferred charges and accrued income490/1€508k€175k▼
Equity and liabilities
Total equity and liabilities10/49€327.13M€386.31M▲
Equity10/15€238.83M€326.50M▲
Contributions10/11€183.43M€183.43M=
Capital10€183.43M€183.43M=
Issued capital100€183.43M€183.43M=
Reserves13€30.33M€36.28M▲
Non-distributable reserves130/1€22.32M€28.28M▲
Legal reserve130€7.97M€12.63M▲
Own shares acquired1312€14.35M€15.65M▲
Distributable reserves133€8.00M€8.00M=
Profit (loss) carried forward14€25.07M€106.79M▲
Amounts payable17/49€88.30M€59.81M▼
Amounts payable within one year42/48€88.30M€59.46M▼
Financial debts43€86.40M€57.51M▼
Credit institutions430/8€17.50M€57.51M▲
Other loans439€68.90M-
Trade debts44€1.05M€1.03M▼
Suppliers440/4€1.05M€1.03M▼
Taxes, remuneration and social security45€71k€84k▲
Taxes450/3€6k€33k▲
Remuneration and social security454/9€65k€51k▼
Other amounts payable47/48€786k€837k▲
Accrued charges and deferred income492/3-€351k
Income statement
Code20242025
Operating income70/76A€2.08M€2.70M▲
Turnover70€2.08M€2.70M▲
Other operating income74€3k€4k▲
Operating charges60/66A€4.94M€5.21M▲
Services and other goods61€3.97M€4.17M▲
Remuneration, social security and pensions62€961k€991k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€32k▲
Other operating charges640/8-€22k
Operating profit (loss)9901€-2.86M€-2.51M▲
Financial income75/76B€12.40M€103.55M▲
Recurring financial income75€2.10M€103.55M▲
Income from financial fixed assets750€277k€100.71M▲
Income from current assets751€1.42M€2.84M▲
Other financial income752/9€403k€62▼
Non-recurring financial income76B€10.30M-
Financial charges65/66B€17.78M€7.92M▼
Recurring financial charges65€7.48M€7.92M▲
Debt charges650€2.24M€4.16M▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€4.46M€3.58M▼
Other financial charges652/9€784k€175k▼
Non-recurring financial charges66B€10.30M-
Profit (loss) for the period before taxes9903€-8.24M€93.12M▲
Income taxes67/77€1k€508▼
Taxes670/3€1k€508▼
Profit (loss) for the period9904€-8.24M€93.12M▲
Profit (loss) for the period to be appropriated9905€-8.24M€93.12M▲
Appropriation of the result
Profit (loss) to be appropriated9906€33.23M€118.19M▲
Profit (loss) brought forward from the previous period14P€41.47M€25.07M▼
Transfer to equity691/2€2.64M€5.96M▲
To the legal reserve6920-€4.66M
To other reserves6921€2.64M€1.30M▼
Profit to be distributed694/7€5.52M€5.44M▼
Return on contributions (dividend)694€5.52M€5.44M▼
Social balance
Average headcount (FTE)90876.46.7▲
The notes to these accounts (57 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-09
State Gazette act
General meeting · Director reappointmentGeneral meeting · Director reappointment2 facts ▸
State Gazette act
General meeting · Director reappointment
General meeting · Director reappointment2 facts ▸
- General meeting, 2026-06-30
- Director reappointment, Rudolf Henricus van Puijenbroek (lid van de Raad van Toezicht)
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
2025
31-12
Financial
Back to profitnet €93.12M
Net result €93.12M after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.38
Current ratio from 0.93 to 2.38; short-term debt falls from €88.30M to €59.46M.
31-12
Financial
Equity above €250MEq €326.50M ▲36.7%
Equity rises from €238.83M to €326.50M.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-11.76M ▼124%
Net result drops to €-11.76M, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 28current ratio 33.63
Current ratio from 1.22 to 33.63; short-term debt falls from €26.08M to €1.08M.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €250MEq €279.02M ▲18.7%
4 profitable years in a row build equity to €279.02M.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
31-12
Financial
Liquidity doublescurrent ratio 1.32
Current ratio from 0.57 to 1.32; short-term debt falls from €15.94M to €15.91M.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Rudolf Henricus van Puijenbroek
CurrentLid van de raad van toezicht · since 30-06-2026
30-06-2026
Mandate renewed as Lid van de raad van toezicht
Location & real-estate footprint
Registered office, Turnhout · 1 establishment unit since 2009
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.
Kempenlaan 2A2300 TurnhoutGround area
9,976 m²
Building footprint
637 m²
Volume, LiDAR
276 m³
Parcel 13453O0027/00S003, Flanders · tallest building 9.8 m. Linked by address, not a title deed.
1 establishment unit
VP Capital
since 20092.180.495.860
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0027/00S003 | Flanders | 9,976 m² | 1 · 637 m² | 9.8 m |
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.
Structure & network
Group per the LEI register
3 subsidiaries, 3 abroadSubsidiary:Van Puijenbroek Landbouw B.V.
Subsidiary:VP Exploitatie B.V.
Indirect subsidiary:VP Participaties B.V.
Recognitions · licences · registrations
Legal Entity Identifier
967600907D4U8I7P3482
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Of 24,726 companies in sector 64210 we hold annual accounts for 19,747. 848 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-05-2009
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70100Activities of head offices
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.