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VPG Trappen

Active
Private limited companyfounded 2021active for 5 yearsEikenlei 159, 2960 Brecht, BelgiumKBO/BCE: BE 0768.451.222
Summary

The computed 12-month bankruptcy probability of VPG Trappen is 4.1% (elevated). The annual accounts of VPG Trappen for financial year 2024 show a net loss of 56% of the equity at the start of that year. The 2024 annual accounts show equity of €1,826 and a net result of -€2,352. Equity is shrinking by about 55% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2025. Its solvency ranks better than 10% of 1,321 sector peers (NACE 42, financial year 2024). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Civil engineering
NACE 42990Joinery installation NACE 43320
1 site
Size
€47,142total assets 2024
Equity
€1,826
Loss
-€2,352
Turnover not published (micro format)
Financial health
47 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
4.1%
Structure
Accounts 76 days overdue1 of 2 deeds read
Why 47raises riskFigures for financial year 2024 (filed 25-07-2025)1 financial year not filed after the legal deadlineFounded in 2021Show the evidence

Checked score

Score 2024
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 23% of its sector peers (NACE 42, micro)
Financial strength · tick = 2023
Weak
Solvency 29-71
equity 3.9% of total assets
Liquidity 54-39
short-term debt 0.7% · cash 2.8%
Profitability 25+25
return on assets -5.0%
Bankruptcy probability, 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (1,864 companies, NACE 42, micro)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.3%▼ -0.1 percentage points vs 12-2024lowest value 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.4%▲ +0.1 percentage points vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 2.0%▲ +1.6 percentage points vs 07-2025 09-2025: 2.0%● unchanged vs 08-2025 10-2025: 2.0%● unchanged vs 09-2025 11-2025: 2.0%● unchanged vs 10-2025 12-2025: 2.0%● unchanged vs 11-2025 01-2026: 2.0%● unchanged vs 12-2025 02-2026: 1.9%▼ -0.1 percentage points vs 01-2026 03-2026: 2.0%▲ +0.1 percentage points vs 02-2026 04-2026: 2.0%● unchanged vs 03-2026 05-2026: 2.0%● unchanged vs 04-2026 06-2026: 2.0%● unchanged vs 05-2026 07-2026: 2.1%▲ +0.1 percentage points vs 06-2026 08-2026: 2.7%▲ +0.6 percentage points vs 07-2026 09-2026: 2.8%▲ +0.1 percentage points vs 08-2026 10-2026: 4.1%▲ +1.3 percentage points vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
short-term debt: 0.7% and cash: 2.8% of total assets, and 96.1% of the assets are financed with debt and provisions.
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 42, micro): better than 11% on solvency, 55% on liquidity, 17% on profitability and 10% on growth.

The bankruptcy probability was computed on 14-10-2026 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

Six signals.
raises riskneutral
raises risk · Figures for financial year 2024 (filed 25-07-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline
NBB · filings
raises risk · Founded in 2021
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1321 sector peers (2024).
NBB · sector comparison
Position among 1321 sector peers
Solvency
better than 10%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 76 days later.
NBB · 3 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline15-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not filed
2024
6 days early
2023
22 days early
2022
32 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 20 days before the deadline; the sector median (NACE 42) for financial year 2024 is 2 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. NameName change
  3. Weakest financial yearnet -€2,352

Key points

  • Caution: Among the weakest 11% on solvencysector median 45.8% · 1,321 companies 3.9% View
  • Caution: Accounts not fileddeadline was 31-07-2026 76 days late View
  • Caution: 2 loss-making years in a rowloss financial year 2024 -€2,352 View

By topic

Financials

Financial year
2024
Total assets
€47,142
Loss
-€2,352
Solvency
3.9%
Total assets▲ 796%
Net result
20222024
Go to Financials

Timeline

Events
7
Since
2023
  1. 31-12-2024Liquidity more than 30 times
  2. 09-07-2024Annual accounts filed
  3. 31-12-2023Liquidity more than doubled
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Civil engineeringNACE 42990
Founded
17-05-2021
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Financial year
From 1 July to 30 June
Annual meeting
Second Monday of December at 18:00
Go to Articles of association

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