VPA Service

Active

Private limited companyfounded 20206 yrs activeWalheimer Strasse 23, 4730 Raeren, BelgiumKBO/BCE: BE 0741.889.553

The computed 12-month bankruptcy probability of VPA Service is 2.1% (moderate). The 2025 annual accounts show equity of €31k and a net result of €30k. Equity is growing by ~42.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 4444 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

67 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability87=

Solvency40▼-22

Growth78=

Track record100

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity ample (current ratio 3.32 against 4.52 in 2024; short-term debt: 15.8% and cash: 35.3% of total assets), but 84.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 81

Relative position

BE, all sectors

reference

Sector 81

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

15.4%

Return on assets

14.9%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 4444 sector peers (2025).

NBB · sector comparison

Position among 4444 sector peers

Solvency

better than 24%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

58 d early

2024

44 d early

2023

48 d early

2022

28 d early

2021

2 d early

2020

52 d early

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

18-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€31k▼ 39.7%

2024 · €52k

2020: €4k 2021: €12k 2022: €3k 2023: €31k 2024: €52k

2020 → 2025

Total assets

€202k▲ 46.2%

2024 · €138k

2020: €108k 2021: €95k 2022: €89k 2023: €128k 2024: €138k

2020 → 2025

Net result

€30k▲ 48.4%

2024 · €20k

2020: €3k 2021: €9k 2022: €2k 2023: €28k 2024: €20k

2020 → 2025

Working capital

€74k▲ 22.1%

2024 · €61k

2020: €9k 2021: €15k 2022: €26k 2023: €38k 2024: €61k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€12k-€3k▼ 73.2%€31k▲ 840%€52k▲ 64.9%€31k▼ 39.7%

Operating result€12k-€6k▼ 52.9%€37k▲ 563%€31k▼ 17.0%€44k▲ 40.8%

Net result€9k-€2k▼ 73.8%€28k▲ 1,101%€20k▼ 27.4%€30k▲ 48.4%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 41% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €202k

47.4%

52.6%

Fixed assets €96k▲ 59.5%

Current assets €106k▲ 36.0%

Equity and liabilities €202k

15.4%

84.6%

Equity €31k▼ 39.7%

Debt €171k▲ 97.4%

The debt ratio rises from 62.7% to 84.6%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€69k▲

2024 · €59k

Cash flow

€55k▲

2024 · €48k

Solvency

15.4%▼

2024 · 37.3%

Current ratio

3.32▼

2024 · 4.52

Quick ratio

3.24▼

2024 · 4.32

Debt / equity

5.49▲

2024 · 1.68

ROE

96.8%▲

2024 · 39.4%

ROA

14.9%▲

2024 · 14.7%

Interest coverage

29.10▲

2024 · 25.64

Debt

€171k▲

2024 · €86k

Debt ≤ 1 year

€32k▲

2024 · €17k

Debt > 1 year

€139k▲

2024 · €69k

Income taxes

€11k▲

2024 · €9k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€138k€202k▲

Fixed assets21/28€60k€96k▲

Tangible fixed assets22/27€60k€96k▲

Furniture and vehicles24€60k€96k▲

Current assets29/58€78k€106k▲

Stocks and contracts in progress3€4k€3k▼

Stocks30/36€4k€3k▼

Amounts receivable within one year40/41€22k€32k▲

Trade receivables40€17k€27k▲

Other amounts receivable41€5k€5k▲

Cash at bank and in hand54/58€51k€71k▲

Deferred charges and accrued income490/1€2k-

Equity and liabilities

Total equity and liabilities10/49€138k€202k▲

Equity10/15€52k€31k▼

Contributions10/11€1k€1k=

Profit (loss) carried forward14€51k€30k▼

Amounts payable17/49€86k€171k▲

Amounts payable after more than one year17€69k€139k▲

Financial debts170/4€29k€57k▲

Other amounts payable178/9€40k€82k▲

Amounts payable within one year42/48€17k€32k▲

Current portion of amounts payable after more than one year42€11k€19k▲

Trade debts44€6k€9k▲

Suppliers440/4€6k€9k▲

Taxes, remuneration and social security45€706€3k▲

Taxes450/3€706€3k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€25k▼

Other operating charges640/8€1k€1k▼

Gross operating margin9900€60k€70k▲

Operating profit (loss)9901€31k€44k▲

Financial charges65/66B€2k€2k▲

Recurring financial charges65€2k€2k▲

Profit (loss) for the period before taxes9903€29k€41k▲

Income taxes67/77€9k€11k▲

Profit (loss) for the period9904€20k€30k▲

Profit (loss) for the period to be appropriated9905€20k€30k▲

Appropriation of the result

Profit (loss) to be appropriated9906€51k€81k▲

Profit (loss) brought forward from the previous period14P€30k€51k▲

Profit to be distributed694/7-€51k

Return on contributions (dividend)694-€51k

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 2Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

03-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Highest result since 2020net €30k ▲48.4%

Operating result €44k, net result €30k, both a record.

17-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

13-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

03-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €2k ▼73.8%

Net result drops to €2k, the lowest in the series; recovery starts the following year.

29-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

09-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Raeren · 1 establishment unit since 2020

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Walheimer Strasse 234730 Raeren

1 establishment unit

VPA Service

Walheimer Strasse 23, 4730 RaerenSupport activities for crop production

since 20202.301.001.831

Similar companies · same sector, comparable size

SCHIPHOEK

BE 0458.345.982

Beveren-Kruibeke-Zwijndrecht · Eq €31k

Heusden-Zolder · Eq €31k

Of 1,281 companies in sector 81100 we hold annual accounts for 678. 321 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded22-01-2020

Fiscal year end31-12

Activities, NACEBEL

81100Combined facilities support activities

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filings

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.