VPC SYSTEMS
ActiveVPC SYSTEMS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €368k and a net result of €57k. Equity is growing by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 18.91 against 21.3 in 2024; short-term debt: 4.6% and cash: 70.3% of total assets), and 4.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95.4%
Return on assets
14.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
17 d early
2023
51 d early
2022
60 d early
2021
52 d early
2020
64 d early
2019
44 d early
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€368k▲ 18.3%
2024 · €311k
2018: €44k
2019: €63k
2020: €117k
2021: €153k
2022: €215k
2023: €274k
2024: €311k
2018 → 2025
Total assets
€385k▲ 19.5%
2024 · €322k
2018: €65k
2019: €70k
2020: €129k
2021: €158k
2022: €228k
2023: €290k
2024: €322k
2018 → 2025
Net result
€57k▲ 55.8%
2024 · €37k
2018: €16k
2019: €19k
2020: €54k
2021: €36k
2022: €63k
2023: €59k
2024: €37k
2018 → 2025
Working capital
€315k▲ 32.9%
2024 · €237k
2018: €37k
2019: €59k
2020: €117k
2021: €127k
2022: €190k
2023: €179k
2024: €237k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€153k-€215k▲ 41.0%€274k▲ 27.2%€311k▲ 13.3%€368k▲ 18.3%
Operating result€36k-€63k▲ 73.6%€59k▼ 5.9%€37k▼ 38.0%€55k▲ 49.2%
Net result€36k-€63k▲ 75.6%€59k▼ 6.3%€37k▼ 37.7%€57k▲ 55.8%
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 49% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €385k
Fixed assets
€52k▼ 28.7%
Current assets
€333k▲ 33.7%
Equity and liabilities €385k
Equity
€368k▲ 18.3%
Debt
€18k▲ 50.6%
The debt ratio rises from 3.6% to 4.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€76k▲
2024 · €58k
Cash flow
€78k▲
2024 · €58k
Solvency
95.4%▼
2024 · 96.4%
Current ratio
18.91▼
2024 · 21.30
Quick ratio
18.82▼
2024 · 21.20
Debt / equity
0.05▲
2024 · 0.04
ROE
15.5%▲
2024 · 11.8%
ROA
14.8%▲
2024 · 11.3%
Interest coverage
530.21▲
2024 · 407.90
Debt
€18k▲
2024 · €12k
Debt ≤ 1 year
€18k▲
2024 · €12k
Income taxes
€2k▲
2024 · €296
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€322k€385k▲
Fixed assets21/28€73k€52k▼
Tangible fixed assets22/27€73k€52k▼
Land and buildings22€13k€12k▼
Plant, machinery and equipment23€999€320▼
Furniture and vehicles24€59k€40k▼
Current assets29/58€249k€333k▲
Amounts receivable after more than one year29€13k€51k▲
Other amounts receivable291€13k€51k▲
Stocks and contracts in progress3€1k€2k▲
Stocks30/36€1k€2k▲
Amounts receivable within one year40/41€970€5k▲
Trade receivables40€970€5k▲
Cash at bank and in hand54/58€234k€271k▲
Deferred charges and accrued income490/1€217€5k▲
Equity and liabilities
Total equity and liabilities10/49€322k€385k▲
Equity10/15€311k€368k▲
Contributions10/11€19k€19k=
Reserves13€277k€334k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€275k€332k▲
Profit (loss) carried forward14€15k€15k=
Amounts payable17/49€12k€18k▲
Amounts payable within one year42/48€12k€18k▲
Trade debts44€2k€10k▲
Suppliers440/4€2k€10k▲
Taxes, remuneration and social security45€900€8k▲
Taxes450/3€900€900=
Remuneration and social security454/9-€7k
Other amounts payable47/48€9k-
Income statement
Code20242025
Non-recurring operating income76A€290€10k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€21k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€60k€78k▲
Operating profit (loss)9901€37k€55k▲
Financial income75/76B€189€4k▲
Recurring financial income75€189€4k▲
Financial charges65/66B€143€143=
Recurring financial charges65€143€143=
Profit (loss) for the period before taxes9903€37k€59k▲
Income taxes67/77€296€2k▲
Profit (loss) for the period9904€37k€57k▲
Profit (loss) for the period to be appropriated9905€37k€57k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€72k▲
Profit (loss) brought forward from the previous period14P€-21k€15k▲
Transfer to equity691/2-€57k
To other reserves6921-€57k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €63k ▲75.6%
Operating result €63k, net result €63k, both a record.
31-12
Financial
Equity above €200kEq €215k ▲41%
5 profitable years in a row build equity to €215k.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 10current ratio 108.23
Current ratio from 10.79 to 108.23; short-term debt falls from €12k to €1k.
31-12
Financial
Equity above €150kEq €153k ▲30.4%
4 profitable years in a row build equity to €153k.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €117k ▲85.9%
3 profitable years in a row build equity to €117k.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity quadruplescurrent ratio 10.01
Current ratio from 2.79 to 10.01; short-term debt falls from €21k to €7k.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Bornem · 1 establishment unit since 1996
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.
Roddam(BOR) 122880 BornemGround area
5,195 m²
Building footprint
607 m²
Volume, LiDAR
2,348 m³
2 parcels, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VPC SYSTEMS
since 19962.076.405.655
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007A0378/00E000 | Flanders | 3,133 m² | 1 · 200 m² | 7.8 m · 2 fl. |
| 12007A0378/00D000 | Flanders | 2,062 m² | 1 · 406 m² | 4.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MASSAERT
BE 0659.720.853
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B & R
BE 0870.726.933
Mons · Eq €367k
STEIGERWERK
BE 0672.406.572
Brugge · Eq €367k
A.I.S. Steigerbouw
BE 0462.154.619
Herentals · Eq €367k
Courrières
BE 0419.965.161
Le Roeulx · Eq €369k
Of 15,529 companies in sector 43990 we hold annual accounts for 7,421. 5,087 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-12-1995
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.