VPH Consult
ActiveSummary
VPH Consult has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108,714 and a net result of €15,751. Equity is growing by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 86% of 1042 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+10
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 4.99 against 7.01 in 2024; short-term debt: 19.2% and cash: 84.7% of total assets), and 19.2% of the assets are financed with debt.
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Signals
Three 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
80.8%
Return on assets
11.7%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
20 d late
2024
13 d early
2023
47 d early
2022
31 d early
2021
23 d early
2020
31 d late
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 8 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€108,714▼ 3.8%
2024 · €112,963
Total assets
€134,518▲ 3.1%
2024 · €130,443
Net result
€15,751▲ 245%
2024 · €4,570
Working capital
€102,901▼ 2.0%
2024 · €104,998
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€26,740▼ 0.3%€42,167▲ 57.7%€36,282▼ 14.0%€7,851▼ 78.4%€25,456▲ 224%
Net result€19,967within the sector's middle half▲ 10.3%€27,433within the sector's middle half▲ 37.4%€25,349within the sector's middle half▼ 7.6%€4,570within the sector's middle half▼ 82.0%€15,751within the sector's middle half▲ 245%
Equity€68,120within the sector's middle half▲ 36.9%€93,953within the sector's middle half▲ 37.9%€119,302within the sector's middle half▲ 27.0%€112,963within the sector's middle half▼ 5.3%€108,714below the sector's middle half▼ 3.8%
Total assets€94,937within the sector's middle half▲ 35.9%€120,504within the sector's middle half▲ 26.9%€132,052within the sector's middle half▲ 9.6%€130,443within the sector's middle half▼ 1.2%€134,518below the sector's middle half▲ 3.1%
Debt€26,817▲ 33.4%€26,552▼ 1.0%€12,750▼ 52.0%€17,481▲ 37.1%€25,805▲ 47.6%
Working capital€56,495within the sector's middle half▲ 37.7%€83,677within the sector's middle half▲ 48.1%€111,480above the sector's middle half▲ 33.2%€104,998within the sector's middle half▼ 5.8%€102,901within the sector's middle half▼ 2.0%
Solvency71.8%above the sector's middle half▲ 0.5pp78.0%above the sector's middle half▲ 6.2pp90.3%above the sector's middle half▲ 12.4pp86.6%above the sector's middle half▼ 3.7pp80.8%above the sector's middle half▼ 5.8pp
Current ratio3.11above the sector's middle half▲ 0.074.15above the sector's middle half▲ 1.049.74above the sector's middle half▲ 5.597.01above the sector's middle half▼ 2.744.99above the sector's middle half▼ 2.02
Return on assets (ROA)21.0%above the sector's middle half▼ 4.9pp22.8%above the sector's middle half▲ 1.7pp19.2%above the sector's middle half▼ 3.6pp3.5%within the sector's middle half▼ 15.7pp11.7%within the sector's middle half▲ 8.2pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 224% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €134,518
Fixed assets
€5,812 ▼ 27.0%
Current assets
€128,706 ▲ 5.1%
Equity and liabilities €134,518
Equity
€108,714 ▼ 3.8%
Debt
€25,805 ▲ 47.6%
Debt's share of the balance-sheet total rises from 13.4% to 19.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€27,609▲
2024 · €10,593
Cash flow
€17,904▲
2024 · €7,313
Debt to equity
0.24▲
2024 · 0.15
ROE
14.5%▲
2024 · 4.0%
Interest coverage
241.68▼
2024 · 266.84
Debt ≤ 1 year
€25,805▲
2024 · €17,481
Income taxes
€9,591▲
2024 · €3,241
Staff costs
€102
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 26,975 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €102 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,950 | €2,394 | €2,454 | €2,743 | €2,153 | ▼ 21.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €438 | - |
| Other operating charges640/8 | €402 | €405 | €695 | €451 | €465 | ▲ 3.2% |
| Gross operating margin9900 | €29,092 | €44,965 | €39,431 | €11,045 | €28,614 | ▲ 159% |
| Operating profit (loss)9901 | €26,740 | €42,167 | €36,282 | €7,851 | €25,456 | ▲ 224% |
| Financial charges65/66B | €43 | €40 | €39 | €40 | €114 | ▲ 188% |
| Recurring financial charges65 | €43 | €40 | €39 | €40 | €114 | ▲ 188% |
| Profit (loss) for the period before taxes9903 | €26,697 | €42,126 | €36,243 | €7,811 | €25,342 | ▲ 224% |
| Income taxes67/77 | €6,730 | €14,694 | €10,894 | €3,241 | €9,591 | ▲ 196% |
| Profit (loss) for the period9904 | €19,967 | €27,433 | €25,349 | €4,570 | €15,751 | ▲ 245% |
| Profit (loss) for the period to be appropriated9905 | €19,967 | €27,433 | €25,349 | €4,570 | €15,751 | ▲ 245% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €94,937 | €120,504 | €132,052 | €130,443 | €134,518 | ▲ 3.1% |
| Fixed assets21/28 | €11,625 | €10,275 | €7,821 | €7,965 | €5,812 | ▼ 27.0% |
| Tangible fixed assets22/27 | €11,625 | €10,275 | €7,821 | €7,965 | €5,812 | ▼ 27.0% |
| Plant, machinery and equipment23 | €8,935 | €7,591 | €6,247 | €7,408 | €5,812 | ▼ 21.5% |
| Furniture and vehicles24 | €2,689 | €2,684 | €1,575 | €557 | - | - |
| Current assets29/58 | €83,313 | €110,229 | €124,230 | €122,478 | €128,706 | ▲ 5.1% |
| Amounts receivable within one year40/41 | €1,361 | €11,723 | €6,745 | €8,094 | €14,781 | ▲ 82.6% |
| Trade receivables40 | €1,361 | €11,723 | €6,280 | €8,092 | €14,676 | ▲ 81.4% |
| Other amounts receivable41 | - | - | €465 | €3 | €105 | ▲ 4,098% |
| Cash at bank and in hand54/58 | €81,951 | €98,506 | €117,485 | €114,384 | €113,925 | ▼ 0.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €94,937 | €120,504 | €132,052 | €130,443 | €134,518 | ▲ 3.1% |
| Equity10/15 | €68,120 | €93,953 | €119,302 | €112,963 | €108,714 | ▼ 3.8% |
| Contributions10/11 | €10 | €10 | €10 | €11 | €11 | = |
| Capital10 | €10 | €10 | €10 | - | - | - |
| Issued capital100 | €10 | €10 | €10 | - | - | - |
| Outside capital11 | - | - | - | €11 | €11 | = |
| Share premium1100/10 | - | - | - | €11 | €11 | = |
| Reserves13 | €67,016 | €93,565 | €119,292 | €112,952 | €108,703 | ▼ 3.8% |
| Non-distributable reserves130/1 | €65,457 | €90,911 | €116,184 | €105,274 | €101,025 | ▼ 4.0% |
| Legal reserve130 | €1 | €1 | €1 | - | - | - |
| Reserves not available under the articles1311 | €65,456 | €90,910 | €116,183 | €105,274 | €101,025 | ▼ 4.0% |
| Distributable reserves133 | €1,559 | €2,653 | €3,108 | €7,678 | €7,678 | = |
| Profit (loss) carried forward14 | €1,094 | €378 | - | - | - | - |
| Amounts payable17/49 | €26,817 | €26,552 | €12,750 | €17,481 | €25,805 | ▲ 47.6% |
| Amounts payable within one year42/48 | €26,817 | €26,552 | €12,750 | €17,481 | €25,805 | ▲ 47.6% |
| Trade debts44 | - | - | - | - | €7,550 | - |
| Suppliers440/4 | - | - | - | - | €7,550 | - |
| Taxes, remuneration and social security45 | €15,960 | €23,045 | €10,894 | €14,938 | €14,895 | ▼ 0.3% |
| Taxes450/3 | €15,960 | €23,045 | €10,894 | €14,938 | €14,895 | ▼ 0.3% |
| Other amounts payable47/48 | €10,858 | €3,507 | €1,857 | €2,542 | €3,360 | ▲ 32.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,967 | €27,433 | €25,349 | €4,570 | €15,751 | ▲ 245% |
| + Depreciation and write-downs630 | €1,950 | €2,394 | €2,454 | €2,743 | €2,153 | ▼ 21.5% |
| Operating cash flow (approximation) | €21,917 | €29,826 | €27,803 | €7,313 | €17,904 | ▲ 145% |
| Investment in fixed assets (approximation) | - | -€1,045 | €0 | -€2,886 | €0 | ▲ 100% |
| Change in cash | - | €16,554 | €18,980 | -€3,102 | -€458 | ▲ 85.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
28-07
State Gazette act
Resignation: Hans Van Paesschen (director)Appointment: Nancy Dijck (director) · Share transfer4 facts ▸
State Gazette act
Resignation: Hans Van Paesschen (director)
Appointment: Nancy Dijck (director) · Share transfer4 facts ▸
- General meeting, 09-07-2026
- Director resignation, Hans Van Paesschen (director)
- Share transfer, Hans Van Paesschen → Nancy Dijck
- Director appointment, Nancy Dijck (director)
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €4,570 ▼82%
Net result drops to €4,570, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 9.74
Current ratio from 4.15 to 9.74; short-term debt falls from €26,552 to €12,750.
31-12
Financial
Equity above €100,000Eq €119,302 ▲27%
6 profitable years in a row build equity to €119,302.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €27,433 ▲37.4%
Operating result €42,167, net result €27,433, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Nancy Dijck
CurrentDirector · since 17-04-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Zemst · 1 establishment unit since 2017
Ground area
662 m²
Building footprint
127 m²
Volume, LiDAR
681 m³
Parcel 23020D0182/00B000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VPH Consult
since 20172.271.100.788
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23020D0182/00B000 | Flanders | 662 m² | 1 · 127 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Nancy Dijck |
|
| Hans Van Paesschen |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, scroll to zoom.
Capital and shareholders
Shareholders according to the acts
Share transfer
act of 28-07-2026 ↗
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 3,983 companies in sector 25110 we hold annual accounts for 2,145. 1,637 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
41001General construction of residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
42990Civil engineering
43120Site preparation
43990Other specialised construction activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0686633504
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.