VP TECH
ActiveSummary
The computed 12-month bankruptcy probability of VP TECH is 2.5% (moderate). The 2025 annual accounts show equity of €116,221 and a net result of €33,510. Equity is growing by about 42% per year across the filed financial years. Its solvency ranks better than 48% of 34,699 sector peers (NACE 43, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €116,221
- Profit
- €33,510
Why 53raises riskFounded in 20231 change of registered office in 24 months1 of the last 3 latelowers riskFigures for financial year 2025 (filed 08-06-2026)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 49% on solvency, 46% on liquidity, 69% on profitability and 80% on growth.
The bankruptcy probability was computed on 24-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 14 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Registered officeRegistered-office move
- Equity above €100,000equity €116,221 ▲40.5%
Financials · financial year 2025, micro format
2023 to 2025, 3 financial years
The operating result recovers in 2025; 2025 is 2% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €368 | - |
| Remuneration, social security and pensions62 | €384 | €4,749 | €26,437 | ▲ 457% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,412 | €15,530 | €20,491 | ▲ 31.9% |
| Other operating charges640/8 | €114 | €556 | €1,607 | ▲ 189% |
| Non-recurring operating charges66A | - | - | €56 | - |
| Gross operating margin9900 | €60,634 | €67,599 | €96,074 | ▲ 42.1% |
| Operating profit (loss)9901 | €58,724 | €46,764 | €47,483 | ▲ 1.5% |
| Financial income75/76B | - | €100 | - | - |
| Recurring financial income75 | - | €100 | - | - |
| Non-recurring financial income76B | - | - | €0 | - |
| Financial charges65/66B | - | €3,221 | €4,371 | ▲ 35.7% |
| Recurring financial charges65 | - | €3,221 | €4,371 | ▲ 35.7% |
| Profit (loss) for the period before taxes9903 | €58,724 | €43,643 | €43,112 | ▼ 1.2% |
| Income taxes67/77 | €11,759 | €9,397 | €9,602 | ▲ 2.2% |
| Profit (loss) for the period9904 | €46,965 | €34,246 | €33,510 | ▼ 2.1% |
| Profit (loss) for the period to be appropriated9905 | €46,965 | €34,246 | €33,510 | ▼ 2.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €115,124 | €150,362 | €256,848 | ▲ 70.8% |
| Fixed assets21/28 | €36,317 | €49,372 | €49,835 | ▲ 0.9% |
| Tangible fixed assets22/27 | €36,317 | €49,372 | €49,835 | ▲ 0.9% |
| Plant, machinery and equipment23 | €1,374 | €4,258 | €4,394 | ▲ 3.2% |
| Furniture and vehicles24 | €34,943 | €45,114 | €45,441 | ▲ 0.7% |
| Current assets29/58 | €78,807 | €100,990 | €207,013 | ▲ 105% |
| Amounts receivable within one year40/41 | €70,807 | €80,481 | €177,281 | ▲ 120% |
| Trade receivables40 | €66,320 | €78,535 | €173,618 | ▲ 121% |
| Other amounts receivable41 | €4,487 | €1,946 | €3,663 | ▲ 88.2% |
| Cash at bank and in hand54/58 | €8,000 | €19,117 | €27,467 | ▲ 43.7% |
| Deferred charges and accrued income490/1 | - | €1,392 | €2,265 | ▲ 62.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €115,124 | €150,362 | €256,848 | ▲ 70.8% |
| Equity10/15 | €46,965 | €82,711 | €116,221 | ▲ 40.5% |
| Contributions10/11 | - | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €46,965 | €81,211 | €114,721 | ▲ 41.3% |
| Amounts payable17/49 | €68,159 | €67,651 | €140,627 | ▲ 108% |
| Amounts payable after more than one year17 | - | €30,056 | €64,813 | ▲ 116% |
| Financial debts170/4 | - | €30,056 | €64,813 | ▲ 116% |
| Amounts payable within one year42/48 | €68,159 | €37,595 | €75,814 | ▲ 102% |
| Current portion of amounts payable after more than one year42 | - | €11,934 | €34,202 | ▲ 187% |
| Trade debts44 | €55,106 | - | €13,190 | - |
| Suppliers440/4 | €55,106 | - | €13,190 | - |
| Taxes, remuneration and social security45 | €11,759 | €21,883 | €27,963 | ▲ 27.8% |
| Taxes450/3 | €11,759 | €21,156 | €18,902 | ▼ 10.7% |
| Remuneration and social security454/9 | - | €727 | €9,061 | ▲ 12× |
| Other amounts payable47/48 | €1,294 | €3,778 | €459 | ▼ 87.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,965 | €34,246 | €33,510 | ▼ 2.1% |
| + Depreciation and write-downs630 | €1,412 | €15,530 | €20,491 | ▲ 31.9% |
| Operating cash flow (approximation) | €48,377 | €49,776 | €54,001 | ▲ 8.5% |
| Investment in fixed assets (approximation) | - | -€28,585 | -€20,954 | ▲ 26.7% |
| Change in cash | - | €11,117 | €8,350 | ▼ 24.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 08-06-2026 | 2026-00143112 |
| 31-12-2024 | micro format | 10-06-2025 | 2025-00129064 |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00497094 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| PANIC Vadim |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
31-03
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, “Buitengewone Algemene Vergadering, unaniem” (deed in Dutch)
- Registered-office move, Willem de Zwijgerlaan 13,1860 Meise
28-08
Gazette deed
IncorporationAppointment: PANIC Vadim (director) · Founder · Founding capital7 facts ▸
- Incorporation, 18-08-2023
- Founder, PANIC Vadim
- Founding capital, €1,500
- Capital
- Registered office clause, “1755 Gooik,Ninoofse Steenweg,223C,bus002” (deed in Dutch)
- Director appointment, PANIC Vadim (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en activiteiten door oprichter in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0805.097.228
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23050G0245/00D000 | Flanders | 510 m² | 1 · 107 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle activiteiten van verwarmingstechnicus in de meest ruime zin,inclusief de aankoop,verkoop,reparatie,plaatsing en onderhoud van alle…” (deed in Dutch)
19 activities (deed in Dutch)
- Alle activiteiten van verwarmingstechnicus in de meest ruime zin,inclusief de aankoop,verkoop,reparatie,plaatsing en onderhoud van alle verwarmingsinstallaties,verwarmings- en verluchtingsmateriaal ongeacht de energiebron,en alle activiteiten van aankoop,verkoop,reparatie,plaatsing en onderhoud van uitgeruste keukens,industriële pijpleidingen alsook schoorsteenvegen
- De handel,verkoop,fabricage,aanpassing,het onderhoud met betrekking tot airconditioning,verwarming,leidingen,warmtepompen,geothermische sondes,ventilatie en airconditioning,zonne- en fotovoltaïsche panelen,de exploitatie van de windenergie,de warmte isolatie of energiebesparingen,met inbegrip van alle bijkomende werkzaamheden die relevant zijn of verband houden met de uitoefening van de hierboven bedoelde handel,naast de werkzaamheden in verband met het gebruik van gas,kolen en elektriciteit
- De handel,verkoop,fabricatie,wijzigingen,onderhoud van sanitaire artikelen,verwarmingstoestellen en de detailhandel van kachels
- Alle werkzaamheden die direct of indirect verband houden met de installatie,het onderhoud,de renovatie,de reparatie en de verbetering,de modernisering van verwarmings-,verwarmingsketels-,ventilatie- en airconditioningsapparatuur en leidingen,elektrische,verzinkte,sanitaire,gas- en waterleidingen en -aansluitingen
- Alle activiteiten die direct of indirect verband houden met het onderhoud,de renovatie,reparatie,verfraaiing,vernieuwing en de modernisering van alle soorten kunstwerken,onroerende goederen,huizen,appartementen,bedrijven,industriële gebouwen,loodsen,schuren,silo’s en meer in het algemeen alle handelingen die direct of indirect verband houden met publieke en private werken en de bouwsector.De aanleg en het onderhoud van tuinen,parken,sportvelden,zwembaden,wegen,paden,hekken en afsluitingen
- Alle activiteiten van algemene aannemer,de studie en realisatie van alle bouwwerken,openbaar en particulier,sleutel-op-deur of andere,de installatie en het onderhoud van metselwerk,bakstenen,betonwerken,zink,als algemene aannemer of onderaannemer,het ontwerp en de bouw van alle gebouwen,de renovatie,sloop,bouw en verbouwing van gebouwen,de uitvoering van alle installatie- en reparatiewerkzaamheden,sanitair,elektrisch,centrale verwarming,rioolontstopping,hydraulisch,grondwerken,drainage,het leggen van kabels,diverse leidingen en metalen versterkingen,verbindingen,verven(binnen-buiten),wand- en vloerbedekkingen,gevel,plafond,inlijsting,timmerwerk en metaalschrijnwerk,muurstrippen,akoestische,thermische en koelingsisolatie,reiniging en onderhoud van gebouwen,ramen en kantoren,de installatie van sierschoorstenen of andere marmer of sierversieringen,het plaatsen van sloten en ijzerwaren,deuren,ramen,plastieken plinten,het leggen van parket vloeren en alle houtbedekkingen,het vegen van schoorstenen,de plaatsing van elektrische apparatuur,alarm- en bewakingssystemen,de installatie van verwarming,airconditioning,koel- en ventilatiesystemen,de bouw van tanks,metalen constructies,de installatie van ingerichte keukens,de productie,installatie en inrichting van beursstands en beurzen,de assemblage en ontmanteling van steigers en platformen,het onderhoud en het schoonmaken van allerlei uitrustingsstukken,de installatie,de bouw,het onderhoud en de reparatie van personenliften en goederenliften
- Montage en demontage van steigers en werkplatformen
- Alle professionele activiteiten in verband met elektriciteit,evenals het plaatsen,repareren,onderhouden en de inbedrijfstelling van diverse elektrische installaties,elektrische apparaten van alle soorten,kroonluchters,verlichting en radio-elektrische apparatuur,domotica,parlofonie,videofonie,enz
- Het ontwerp,de studie en/of de realisering van elektrische installaties,beveiliging-,evacuatie- en brandsystemen,toegangscontroles,automatisering,telefonie en/of gestructureerde bekabeling
- De studie,realisatie en installatie van elektrische HVAC-panelen,elektrische installatie met hoge,gemiddelde en lage spanning,automatisering
- Alle algemene schrijnwerkerij en meubelmakerij,buiten- en binnenschrijnwerk,deuren,ramen,trappen,kozijnen,meubelen,decoratie,tribunes,inbouwkeukens,kasten,transformatie en restauratie van meubelen,zelf of in onderaanneming,alsmede de montage van verplaatsbare scheidingswanden,garagedeuren,luiken,blinden,roosters en de handel in alle materialen gebruikt voor schrijnwerkerij in het algemeen
- Vervaardiging van metalen deuren en ramen,vervaardiging van metalen schrijnwerk:deuren en ramen met kozijnen,luiken,verplaatsbare scheidingswanden,roosters,garagedeuren,enz,smederij,alsmede vervaardiging en montage van gesmede onderdelen voor de bouw,zoals trapleuningen,balustrades,enz
- Het aanbrengen van houten vloer- en wandbekleding,installatie in gebouwen of andere projecten,het leggen van parket en andere houten vloerbekleding,houten wandbekleding,het aanbrengen van behang en wand- en vloerbekleding van andere materialen,alle werkzaamheden in verband met het herstel van gebouwen,andere speciale bouwwerkzaamheden
- Alle beglazingswerkzaamheden,alsmede het plaatsen van glas,spiegels,enz
- Alle dakwerkzaamheden,montage van dakconstructies,dakwerkzaamheden in alle materialen,installatie van elementen voor de afvoer van regenwater,waterdicht maken van muren,waterdicht maken van daken en platte daken,en behandeling van muren met waterdicht makende producten
- De aankoop,verkoop,productie,vervaardiging,constructie,assemblage,fabricage,afwerking,vormgeving,transformatie,montage,installatie,plaatsing,reparatie,onderhoud,verhuur,vertegenwoordiging en handel in alle vormen,met inbegrip van de in- en uitvoer,groot- of kleinhandel,van alle producten,apparaten,uitrusting,artikelen,materialen(aluminium,hout,PVC,…),gereedschappen,machines,instrumenten,en benodigdheden van alle aard in alle materialen,alsmede alle diensten en dienstverleningen,alle afwerkingen met betrekking tot ramen,luiken en glas
- De plaatsing van glas,spiegels,glas in lood en alle andere doorschijnende en transparante materialen
- De aankoop,verkoop,import,export,klein- en groothandel,ambulante handel en openbare aanbesteding van alle producten,eventueel openbare markten
- Kleinhandel van alle soorten producten per post of via internet(e-commerce)
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- VP TECH
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 13: BEVOEGDHEDEN VAN HET BESTUURSORGAAN Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, één of meer bestuurders” (deed in Dutch)“Geboekt op algemene kosten los van representatie-,reis- en verplaatsingskosten, of mandaat al dan niet ten kosteloze titel wordt uitgeoefend” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register_aandelen_op_naam_met_WVV-vermeldingen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “TITRE V. ALGEMENE VERGADERING Artikel 17: ORGANISATIE EN BIJEENROEPING Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, beslissing algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed