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VP EXPRESS SERVICE

Active Public limited companyfounded 2000active for 26 yearsBosstraat 71, 3560 LummenKBO/BCE: BE 0472.875.592 #10 company by total assets in Limburg, Postal and courier sector

Lifetime

19 annual accounts with figures on one time axis, 25 filings since 2001
peak €965,859 (2025)
€965,859▲ 12.1%
lowest -€52,283 (2008)
€3,933▲ €5,549
peak €260,847 (2007)
€224,999▲ 1.8%
€795,921▲ 19.1%
peak 16.8 FTE (2019)
-not published
Board3 names since 2012
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €861,426 to €965,859Back to profit: €3,933Reappointment: Marisco Maragement (director) 25-07Debts from €668,446 to €795,921Investments €161,332

Key points

from the 2025 annual accounts

Turnover

≈ €2.3m estimated

The accounts state no turnover.

Debts

€795,921 78% of the balance sheet
Financial debts 48%Suppliers 25%Taxes and wages 18%Other 8%

Of this, €410,784 falls due within a year.

Investments

€173,193 2.5 × depreciation
20212022202320242025

Green is investment, beige is depreciation.

Staff

25 employees on 31-12-2025
132022222023522024532025

In 2025, 5 people joined and 3 left.

Filings

25 annual accounts since 2001
AprilJune31 JulyOctober20102020

Four of the last ten came late. The 2023 accounts came latest: 55 days after the end of the period.

Position in the sector

€965,859

Higher gross margin than 82% of companies in postal and courier. Sector median €106,692 · 168 companies.

Checked score

68
Healthy
Financially stronger than 37% of micro companies in postal and courier (NACE 53)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 2.6% across 916 companies (NACE 53, micro).

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.7% 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.8%▲ +0.1 percentage points vs 01-2025 03-2025: 0.7%▼ -0.1 percentage points vs 02-2025 04-2025: 0.7%● unchanged vs 03-2025 05-2025: 0.8%▲ +0.1 percentage points vs 04-2025 06-2025: 0.7%▼ -0.1 percentage points vs 05-2025 07-2025: 0.9%▲ +0.2 percentage points vs 06-2025 08-2025: 1.2%▲ +0.3 percentage points vs 07-2025highest value 09-2025: 0.5%▼ -0.7 percentage points vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025lowest value 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.6%▲ +0.1 percentage points vs 02-2026 04-2026: 0.5%▼ -0.1 percentage points vs 03-2026 05-2026: 0.6%▲ +0.1 percentage points vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.9%▲ +0.3 percentage points vs 07-2026 09-2026: 0.7%▼ -0.2 percentage points vs 08-2026 10-2026: 0.7%● unchanged vs 09-2026 11-2026: 0.7%● unchanged vs 10-2026

Financial strength
Weak

47-3equity 22.0% of total assets
36+3short-term debt 40.2% · cash 4.2%
36+4return on assets 0.4%

Score breakdown

raises risk
Sector: Postal and courier activities (NACE 53)
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
lowers risk
Size: total assets €1.0m
Founded in 2000
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 (NACE 53, micro). It does better than 37% of them on solvency, 41% on liquidity, 28% on profitability and 41% on growth.

The bankruptcy probability was computed on 09-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 4,685 companies had the same profile as VP EXPRESS SERVICE has now. Each dot stands for 12 companies, two years later.

97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet

That fits the bankruptcy probability of VP EXPRESS SERVICE itself: 0.7% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 4,685 companies, not a prediction for VP EXPRESS SERVICE. 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.

Credit verdict

Credit of up to €15,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 1.7 (1.62 in 2024), above the usual 1.5. Short-term debt is 40.2% and cash 4.2% of total assets. However, 78% of the assets are financed with debt and provisions.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Sector: Postal and courier activities (NACE 53)
KBO
raises risk · Last filed accounts filed 31 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Size: total assets €1.0m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2000
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
29 days late
2023
55 days late
2022
32 days early
2021
25 days late
2020
33 days early
2019
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 6 days after the deadline. In the sector (NACE 53), the median for financial year 2024 was 13 days after the deadline, and 56% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0472875592
Reappointment: Marisco Maragement (director) Resignation: Carlo Maris (director) · General meeting of 01-06-2024 · Gazette deed
2 directors appointed Marisco Management and Maris Carlo · Permanent representative: Maris Carlo · General meeting of 25-05-2018 · Gazette deed
First establishment VP Express Service/Debesteverhuizer.be, Bosstraat 50, Lummen
All 35 events

Comparable companies

same main activity, similar in size and age
Company
VP EXPRESS SERVICE Lummen - - 22.0% -
DISTRIBUTIE GOVAERTS YVES Wellen - - 83.4% 10.5
LIGA-TRANS Scherpenheuvel-Zichem - - 28.2% 10
PTQ Transport & Logistics Kasterlee - - 33.1% 8.4
VIVA XPRESS LOGISTICS (BELGIUM) Woluwe-Saint-Pierre €2.2m 0.7% 47.9% 9.5
HORELCA Zutendaal - - 85.8% 10
CEM - KEM Vilvoorde €1.6m 10.6% 68.8% -

These companies have the same main activity as VP EXPRESS SERVICE: other postal and courier activities (NACE 53200). They are comparable in size and age: total assets between €831,000 and €1.4m, founded between 1998 and 2003.

Official details

Source: KBO
Status
Active since 29-09-2000Normal situation
Activity
Other postal and courier activitiesNACE 53200
Joint committees
140.03Road transport and logistics for third parties
140.05Removals
226White-collar workers in international trade, transport and logistics · annual accounts 2025and 1 other
Establishment unit
2.101.107.5953560 Lummen, since 20-12-2000
Financial year end
31 December
Peppol
Reachable since 19-08-2025
Company details

Annual accounts 2025

€1.0m▲ 14.8%
Employeeson 31-12-2025
25▲ 8.7%
Filing
Filed on 31-08-2026
Financials

Insights on VP EXPRESS SERVICE

VP EXPRESS SERVICE files the abbreviated format. That format states no turnover. The gross margin rose from €795,888 in 2007 to €965,859 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about VP EXPRESS SERVICE

What is the company number of VP EXPRESS SERVICE?
The company number of VP EXPRESS SERVICE is 0472.875.592. The VAT number is the same number with BE in front: BE 0472.875.592.
Where is VP EXPRESS SERVICE based?
The registered office is at Bosstraat 71, 3560 Lummen.Company details
What does VP EXPRESS SERVICE do?
According to the KBO register, the main activity is other postal and courier activities (NACE 53200).
What is the legal form of VP EXPRESS SERVICE?
VP EXPRESS SERVICE is a public limited company (NV).
When was VP EXPRESS SERVICE founded?
VP EXPRESS SERVICE was founded on 29-09-2000.
Is VP EXPRESS SERVICE still active?
Yes, VP EXPRESS SERVICE is an active enterprise in the KBO register.
How many employees does VP EXPRESS SERVICE have?
VP EXPRESS SERVICE had an average of 16.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does VP EXPRESS SERVICE fall under?
In its 2025 annual accounts, VP EXPRESS SERVICE states joint committees 140.03 (Road transport and logistics for third parties), 140.05 (Removals), 226 (White-collar workers in international trade, transport and logistics) and 140 (Transport and logistics).
What is the turnover of VP EXPRESS SERVICE?
The turnover in financial year 2025 is ≈ €2.3m. This figure is estimated from the gross margin of €965,859 and 2,275 comparable companies of the same size. It probably lies between €1.4m and €3.9m. It is a rough estimate.
Is VP EXPRESS SERVICE profitable?
In financial year 2025, VP EXPRESS SERVICE made a profit of €3,933.
Where can I find the annual accounts of VP EXPRESS SERVICE?
VP EXPRESS SERVICE filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of VP EXPRESS SERVICE due?
VP EXPRESS SERVICE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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