VP CONSULTING
ActiveSummary
VP CONSULTING has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €176,541 and a net result of €12,707. Equity is growing by ~10.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▼-11
Solvency73▲+7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.47 in 2023; short-term debt: 18.7% and cash: 21.3% of total assets), and 51.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
44 d early
2023
42 d early
2022
41 d early
2021
30 d early
2020
44 d early
2019
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 42 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 20 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€176,541▲ 7.8%
2023 · €163,834
Total assets
€366,895▼ 7.1%
2023 · €395,052
Net result
€12,707▼ 72.8%
2023 · €46,713
Working capital
€30,726▲ 1.7%
2023 · €30,211
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€9,336▼ 63.8%€4,527▼ 51.5%€16,806▲ 271%€72,835▲ 333%€23,913▼ 67.2%
Net result€2,794within the sector's middle half▼ 77.7%-€4,720below the sector's middle half€5,764within the sector's middle half€46,713above the sector's middle half▲ 710%€12,707within the sector's middle half▼ 72.8%
Equity€116,077within the sector's middle half▲ 2.5%€111,357within the sector's middle half▼ 4.1%€117,121within the sector's middle half▲ 5.2%€163,834within the sector's middle half▲ 39.9%€176,541above the sector's middle half▲ 7.8%
Total assets€482,636above the sector's middle half▲ 25.3%€442,386above the sector's middle half▼ 8.3%€403,605within the sector's middle half▼ 8.8%€395,052within the sector's middle half▼ 2.1%€366,895within the sector's middle half▼ 7.1%
Debt€366,558▲ 34.8%€331,029▼ 9.7%€286,485▼ 13.5%€231,218▼ 19.3%€190,354▼ 17.7%
Working capital€38,037within the sector's middle half▲ 8.4%€5,294within the sector's middle half▼ 86.1%-€7,582below the sector's middle half€30,211within the sector's middle half€30,726within the sector's middle half▲ 1.7%
Solvency24.1%within the sector's middle half▼ 5.4pp25.2%within the sector's middle half▲ 1.1pp29.0%within the sector's middle half▲ 3.8pp41.5%within the sector's middle half▲ 12.5pp48.1%within the sector's middle half▲ 6.6pp
Current ratio1.48within the sector's middle half▲ 0.181.07within the sector's middle half▼ 0.410.90below the sector's middle half▼ 0.171.47within the sector's middle half▲ 0.571.45within the sector's middle half▼ 0.02
Return on assets (ROA)0.6%within the sector's middle half▼ 2.7pp-1.1%within the sector's middle half▼ 1.6pp1.4%within the sector's middle half▲ 2.5pp11.8%within the sector's middle half▲ 10.4pp3.5%within the sector's middle half▼ 8.4pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 67% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €366,895
Fixed assets
€267,712 ▼ 11.1%
Current assets
€99,183 ▲ 5.5%
Equity and liabilities €366,895
Equity
€176,541 ▲ 7.8%
Debt
€190,354 ▼ 17.7%
Debt's share of the balance-sheet total falls from 58.5% to 51.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57,200▼
2023 · €106,122
Cash flow
€45,994▼
2023 · €80,000
Debt to equity
1.08▼
2023 · 1.41
ROE
7.2%▼
2023 · 28.5%
Interest coverage
10.75▼
2023 · 16.64
Debt ≤ 1 year
€68,457▲
2023 · €63,842
Debt > 1 year
€120,857▼
2023 · €165,587
Income taxes
€5,908▼
2023 · €19,767
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 17,039 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,996 | €30,341 | €32,528 | €33,287 | €33,287 | = |
| Other operating charges640/8 | - | €3,906 | €2,423 | €2,841 | €2,800 | ▼ 1.5% |
| Gross operating margin9900 | €38,054 | €38,774 | €51,757 | €108,963 | €59,999 | ▼ 44.9% |
| Operating profit (loss)9901 | €9,336 | €4,527 | €16,806 | €72,835 | €23,913 | ▼ 67.2% |
| Financial income75/76B | - | €5 | - | €21 | €23 | ▲ 7.3% |
| Recurring financial income75 | - | €5 | - | €21 | €23 | ▲ 7.3% |
| Financial charges65/66B | - | €7,896 | €7,071 | €6,376 | €5,321 | ▼ 16.6% |
| Recurring financial charges65 | €3,142 | €7,896 | €7,071 | €6,376 | €5,321 | ▼ 16.6% |
| Profit (loss) for the period before taxes9903 | €6,194 | -€3,364 | €9,735 | €66,480 | €18,615 | ▼ 72.0% |
| Income taxes67/77 | €3,400 | €1,357 | €3,971 | €19,767 | €5,908 | ▼ 70.1% |
| Profit (loss) for the period9904 | €2,794 | -€4,720 | €5,764 | €46,713 | €12,707 | ▼ 72.8% |
| Profit (loss) for the period to be appropriated9905 | €2,794 | -€4,720 | €5,764 | €46,713 | €12,707 | ▼ 72.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €482,636 | €442,386 | €403,605 | €395,052 | €366,895 | ▼ 7.1% |
| Fixed assets21/28 | €365,083 | €359,226 | €334,287 | €300,999 | €267,712 | ▼ 11.1% |
| Tangible fixed assets22/27 | €365,083 | €359,226 | €334,287 | €300,999 | €267,712 | ▼ 11.1% |
| Land and buildings22 | - | €359,226 | €334,287 | €300,999 | €267,712 | ▼ 11.1% |
| Plant, machinery and equipment23 | - | €0 | €0 | €0 | €0 | - |
| Furniture and vehicles24 | - | - | - | - | €0 | - |
| Current assets29/58 | €117,553 | €83,160 | €69,318 | €94,052 | €99,183 | ▲ 5.5% |
| Amounts receivable within one year40/41 | €38,268 | €33,004 | €38,112 | €33,993 | €17,887 | ▼ 47.4% |
| Trade receivables40 | - | €32,834 | €38,112 | €33,754 | €17,887 | ▼ 47.0% |
| Other amounts receivable41 | - | €170 | €0 | €239 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €79,284 | €46,656 | €31,207 | €53,377 | €78,195 | ▲ 46.5% |
| Deferred charges and accrued income490/1 | - | €3,500 | €0 | €6,682 | €3,100 | ▼ 53.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €482,636 | €442,386 | €403,605 | €395,052 | €366,895 | ▼ 7.1% |
| Equity10/15 | €116,077 | €111,357 | €117,121 | €163,834 | €176,541 | ▲ 7.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €17,162 | €17,162 | €22,862 | €67,702 | €67,702 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €15,302 | €21,002 | €67,702 | €67,702 | = |
| Profit (loss) carried forward14 | €92,716 | €87,995 | €88,059 | €89,932 | €102,639 | ▲ 14.1% |
| Amounts payable17/49 | €366,558 | €331,029 | €286,485 | €231,218 | €190,354 | ▼ 17.7% |
| Amounts payable after more than one year17 | €287,043 | €252,863 | €209,584 | €165,587 | €120,857 | ▼ 27.0% |
| Financial debts170/4 | - | €252,863 | €209,584 | €165,587 | €120,857 | ▼ 27.0% |
| Amounts payable within one year42/48 | €79,516 | €77,866 | €76,900 | €63,842 | €68,457 | ▲ 7.2% |
| Current portion of amounts payable after more than one year42 | - | €45,094 | €43,279 | €43,998 | €44,729 | ▲ 1.7% |
| Trade debts44 | €2,790 | €3,402 | €5,887 | €0 | €9,005 | - |
| Suppliers440/4 | - | €3,402 | €5,887 | €0 | €9,005 | - |
| Taxes, remuneration and social security45 | - | €13,427 | €13,589 | €7,711 | €14,590 | ▲ 89.2% |
| Taxes450/3 | - | €13,427 | €13,589 | €7,711 | €14,590 | ▲ 89.2% |
| Other amounts payable47/48 | - | €15,943 | €14,145 | €12,133 | €133 | ▼ 98.9% |
| Accrued charges and deferred income492/3 | - | €300 | €0 | €1,790 | €1,040 | ▼ 41.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,794 | -€4,720 | €5,764 | €46,713 | €12,707 | ▼ 72.8% |
| + Depreciation and write-downs630 | €22,996 | €30,341 | €32,528 | €33,287 | €33,287 | = |
| Operating cash flow (approximation) | €25,790 | €25,621 | €38,292 | €80,000 | €45,994 | ▼ 42.5% |
| Investment in fixed assets (approximation) | - | -€24,484 | -€7,589 | €0 | €0 | - |
| Change in cash | - | -€32,628 | -€15,450 | €22,170 | €24,819 | ▲ 11.9% |
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
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €46,713 ▲710%
Operating result €72,835, net result €46,713, both a record.
31-12
Financial
Equity above €150,000Eq €163,834 ▲39.9%
2 profitable years in a row build equity to €163,834.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €5,764
Net result €5,764 after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€4,720
Net result drops to -€4,720, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Waremme · 1 establishment unit since 2004
Ground area
918 m²
Building footprint
81 m²
Volume, LiDAR
799 m³
Parcel 64074C0866/00L018, Wallonia · tallest building 16.7 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
VP Consulting
since 20042.135.023.844
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64074C0866/00L018 | Wallonia | 918 m² | 1 · 81 m² | 16.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,146 companies in sector 46190 we hold annual accounts for 2,577. 1,908 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
Founded02-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862467679
Also
9925:BE0862467679
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.