Turnover
The accounts state no turnover.
The accounts state no turnover.
Of this, €410,784 falls due within a year.
Green is investment, beige is depreciation.
In 2025, 5 people joined and 3 left.
Four of the last ten came late. The 2023 accounts came latest: 55 days after the end of the period.
Higher gross margin than 82% of companies in postal and courier. Sector median €106,692 · 168 companies.
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).
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).
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.
That fits the bankruptcy probability of VP EXPRESS SERVICE itself: 0.7% within 12 months.
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.
| 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.
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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
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.
| 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.
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.
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