Checked.be
Active
BE 0843.721.044Private limited company
VP28
Van Peltstraat 28 ·2018 Antwerpen, Belgium· 14 yrs active
Sector: Computer programming
(62100)
Conclusion
VP28 has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.76M and a net result of €830k. Equity is growing by ~49.3% per year across the filed fiscal years. Its solvency ranks better than 91% of 2591 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €1.76M |
| Net result | €830k |
| Better than sector | 91% |
| Active | 14 yrs |
Financial profile
96
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
100
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2012, 14 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€180k
estimate, not credit advice
Score history
93
2021
100
2022
100
2023
100
2024
100
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 10.68 (≥ 1.5)
+10
Quick ratio
Quick ratio 10.68 (≥ 1.0)
+5
Leverage
Debt/equity 0.10 (< 1.0)
+10
Profitability
ROE 47% (≥ 10%)
+10
Interest coverage
Interest coverage 44.9× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 28-04-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~49.3%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 62, Computer programming, consultancy and related activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 90.7% | 46.0% | |
| Net result | €830k | €24k | |
| Equity | €1.76M | €141k | |
| Gross operating margin | €201k | €90k | |
| Total assets | €1.94M | €397k |
€169k
-16.6%
21-25
€830k
+12.6%
21-25
€834k
+11.8%
21-25
€1.94M
+38.0%
21-25
€1.76M
+37.6%
21-25
€1.73M
+39.2%
21-25
€113
-
21-25
€382k
+12.6%
21-25
€349k
+459.0%
21-25
€180k
+41.9%
21-25
€179k
+40.9%
21-25
10.68
-1.1%
21-25
10.68
-0.7%
21-25
90.7%
-0.3%
21-25
0.10
+3.2%
21-25
47.1%
-18.1%
21-25
42.7%
-18.4%
21-25
44.92
+4.7%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €169k | €203k | €291k | €219k | €159k |
| Net profit | €830k | €737k | €195k | €145k | €108k |
| Cash flow | €834k | €746k | €205k | €155k | €114k |
| Staff costs | - | - | €113 | - | - |
| Income taxes | €382k | €339k | €86k | €63k | €45k |
| Dividends | €349k | €62k | €40k | €66k | €87k |
| Total assets | €1.94M | €1.41M | €663k | €532k | €458k |
| Equity | €1.76M | €1.28M | €607k | €452k | €372k |
| Debt | €180k | €127k | €56k | €81k | €86k |
| of which ≤ 1y | €179k | €127k | €56k | €81k | €86k |
| of which > 1y | - | - | - | - | - |
| Working capital | €1.73M | €1.24M | €563k | €400k | €316k |
| Employees (FTE) | - | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 10.68 | 10.79 | 10.97 | 5.96 | 4.66 |
| Quick ratio | 10.68 | 10.75 | 10.97 | 5.96 | 4.66 |
| Working capital ratio | 89.0% | 88.2% | 84.8% | 75.2% | 68.9% |
| Solvency | 90.7% | 91.0% | 91.5% | 84.8% | 81.2% |
| Debt / equity | 0.10 | 0.10 | 0.09 | 0.18 | 0.23 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 44.92 | 42.90 | 1231.37 | 1674.57 | 485.70 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 42.7% | 52.3% | 29.4% | 27.3% | 23.6% |
| ROE | 47.1% | 57.5% | 32.1% | 32.2% | 29.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.94M | €1.41M | €663k | €532k | €458k |
| Fixed assets | 21/28 | €35k | €39k | €44k | €51k | €56k |
| Tangible fixed assets | 22/27 | €35k | €39k | €44k | €51k | €55k |
| Financial fixed assets | 28 | - | - | - | - | €1k |
| Current assets | 29/58 | €1.91M | €1.37M | €619k | €481k | €402k |
| Stocks & contracts in progress | 3 | €0 | €5k | - | - | - |
| Amounts receivable within one year | 40/41 | €5k | €2k | €200 | €1k | €2k |
| Investments | 50/53 | €1.06M | €752k | €2k | €2k | €2k |
| Cash & bank | 54/58 | €824k | €597k | €612k | €473k | €393k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.94M | €1.41M | €663k | €532k | €458k |
| Equity | 10/15 | €1.76M | €1.28M | €607k | €452k | €372k |
| Contributions / capital | 10/11 | €1k | €1k | €1k | €1k | €1k |
| Reserves | 13 | €1.76M | €1.28M | €606k | €451k | €371k |
| Accumulated profits (losses) | 14 | €0 | €0 | €0 | - | - |
| Amounts payable | 17/49 | €180k | €127k | €56k | €81k | €86k |
| Amounts payable within one year | 42/48 | €179k | €127k | €56k | €81k | €86k |
| Trade debts payable within one year | 44 | €3k | €8k | €3k | €1k | €2k |
| Income statement | ||||||
| Gross operating margin | 9900 | €201k | €231k | €302k | €221k | €160k |
| Operating result | 9901 | €165k | €194k | €281k | €209k | €153k |
| Financial income | 75 | €1.05M | €887k | €0 | €0 | €5 |
| Financial charges | 65 | €4k | €5k | €236 | €131 | €327 |
| Result before taxes | 9903 | €1.21M | €1.08M | €281k | €209k | €153k |
| Income taxes | 67/77 | €382k | €339k | €86k | €63k | €45k |
| Net result for the period | 9904 | €830k | €737k | €195k | €145k | €108k |
| Result to be appropriated | 9905 | €830k | €737k | €195k | €145k | €108k |
Legal Structure
| NACE primary | Computer programming(62100) |
| Legal form | Private limited company(610) |
| Incorporation | 13-02-2012 |
| Status | Active |
| Postal code | 2018 |
Establishment units
VP28
since 20122.208.559.247
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1770/00N006 | Flanders | 101 m² | 1 · 76 m² | - |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2021net €830k ▲12.6%
Net result €830k, the highest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €1MEq €1.28M ▲111%
4 profitable years in a row build equity to €1.28M.
04-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €500kEq €607k ▲34.4%
3 profitable years in a row build equity to €607k.
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Computer programming, consultancy and related activities62010Computer programming62100
Names & trade names
| Legal nameNL | VP28 |
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