VPIV
ActiveSummary
VPIV has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of €396,969. Equity is growing by ~39.1% per year across the filed fiscal years. Its solvency ranks better than 28% of 3243 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-26
Solvency52▲+1
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 0.0 in 2024; short-term debt: 7.5% and cash: 0.3% of total assets), and 72.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
27.1%
Return on assets
3.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
28 d late
2024
41 d early
2023
33 d 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 15 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 29 June (3 of the last 3 filed years within 60 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, full schema
In the rankings
#2 company by total assets in Kinrooi, Professional and technical services sector#4 company by equity in Kinrooi, Professional and technical services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€396,969▼ 71.7%
2024 · €1.4m
Working capital
€98,846
2024 · -€4.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line202320242025
Operating result-€4,793--€3,756▲ 21.6%€135,916
Net result-€5,496below the sector's middle half-€1.4mabove the sector's middle half€396,969above the sector's middle half▼ 71.7%
Equity€944,504within the sector's middle half-€2.5mabove the sector's middle half▲ 165%€2.9mwithin the sector's middle half▲ 15.9%
Total assets€975,373within the sector's middle half-€9.8mabove the sector's middle half▲ 905%€10.7mwithin the sector's middle half▲ 9.1%
Debt€30,869-€7.3m▲ 23,565%€7.8m▲ 6.8%
Working capital-€29,865within the sector's middle half--€4.8mbelow the sector's middle half▼ 15,966%€98,846within the sector's middle half
Solvency96.8%above the sector's middle half-25.5%below the sector's middle half▼ 71.3pp27.1%within the sector's middle half▲ 1.6pp
Current ratio0.03below the sector's middle half-0.00below the sector's middle half▼ 0.031.12within the sector's middle half▲ 1.12
Return on assets (ROA)-0.6%below the sector's middle half-14.3%within the sector's middle half▲ 14.9pp3.7%within the sector's middle half▼ 10.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result -72% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €135,916 after a loss of €3,756 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.7m
Fixed assets
€9.8m =
Current assets
€901,391 ▲ 13,006%
Equity and liabilities €10.7m
Equity
€2.9m ▲ 15.9%
Debt
€7.8m ▲ 6.8%
Debt's share of the balance-sheet total falls from 74.5% to 72.9%. Equity and debt are higher.
Key figures and ratios
Debt to equity
2.69▼
2024 · 2.92
ROE
13.7%▼
2024 · 56.0%
Debt ≤ 1 year
€802,545▼
2024 · €4.8m
Debt > 1 year
€7.0m▲
2024 · €2.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €841 | €505 | - | - |
| Gross operating margin9900 | -€3,952 | -€3,251 | €135,916 | ▲ 4,281% |
| Operating profit (loss)9901 | -€4,793 | -€3,756 | €135,916 | ▲ 3,718% |
| Financial income75/76B | - | €1.4m | €600,000 | ▼ 57.5% |
| Recurring financial income75 | - | €15,054 | €600,000 | ▲ 3,886% |
| Non-recurring financial income76B | - | €1.4m | - | - |
| Financial charges65/66B | €703 | €5,847 | €338,947 | ▲ 5,697% |
| Recurring financial charges65 | €703 | €5,847 | €338,947 | ▲ 5,697% |
| Profit (loss) for the period before taxes9903 | -€5,496 | €1.4m | €396,969 | ▼ 71.7% |
| Profit (loss) for the period9904 | -€5,496 | €1.4m | €396,969 | ▼ 71.7% |
| Profit (loss) for the period to be appropriated9905 | -€5,496 | €1.4m | €396,969 | ▼ 71.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €975,373 | €9.8m | €10.7m | ▲ 9.1% |
| Fixed assets21/28 | €974,369 | €9.8m | €9.8m | = |
| Financial fixed assets28 | €974,369 | €9.8m | €9.8m | = |
| Current assets29/58 | €1,004 | €6,878 | €901,391 | ▲ 13,006% |
| Amounts receivable within one year40/41 | €109 | €5,232 | €867,113 | ▲ 16,472% |
| Trade receivables40 | - | - | €240,000 | - |
| Other amounts receivable41 | €109 | €5,232 | €627,113 | ▲ 11,885% |
| Cash at bank and in hand54/58 | €895 | €1,645 | €34,279 | ▲ 1,983% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €975,373 | €9.8m | €10.7m | ▲ 9.1% |
| Equity10/15 | €944,504 | €2.5m | €2.9m | ▲ 15.9% |
| Contributions10/11 | €950,000 | €2.4m | €2.4m | = |
| Capital10 | €950,000 | €2.4m | €2.4m | = |
| Issued capital100 | €950,000 | €2.4m | €2.4m | = |
| Reserves13 | - | €100,000 | €120,000 | ▲ 20.0% |
| Non-distributable reserves130/1 | - | €100,000 | €120,000 | ▲ 20.0% |
| Legal reserve130 | - | €100,000 | €120,000 | ▲ 20.0% |
| Profit (loss) carried forward14 | -€5,496 | €1,878 | €378,846 | ▲ 20,075% |
| Amounts payable17/49 | €30,869 | €7.3m | €7.8m | ▲ 6.8% |
| Amounts payable after more than one year17 | - | €2.5m | €7.0m | ▲ 180% |
| Financial debts170/4 | - | €2.5m | €7.0m | ▲ 180% |
| Amounts payable within one year42/48 | €30,869 | €4.8m | €802,545 | ▼ 83.3% |
| Financial debts43 | - | €4.8m | €200,000 | ▼ 95.8% |
| Credit institutions430/8 | - | €4.8m | €200,000 | ▼ 95.8% |
| Trade debts44 | - | - | €17,545 | - |
| Suppliers440/4 | - | - | €17,545 | - |
| Other amounts payable47/48 | €30,869 | €5,000 | €585,000 | ▲ 11,600% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,496 | €1.4m | €396,969 | ▼ 71.7% |
| Operating cash flow (approximation) | -€5,496 | €1.4m | €396,969 | ▼ 71.7% |
| Investment in fixed assets (approximation) | - | -€8.8m | €0 | ▲ 100% |
| Change in cash | - | €750 | €32,633 | ▲ 4,251% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
31-12
Financial
Liquidity times 785current ratio 1.12
Current ratio from 0.00 to 1.12; short-term debt falls from €4.8m to €802,545.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €1.4m
Net result €1.4m after one loss-making year.
31-12
Financial
Equity above €2mEq €2.5m ▲165%
Equity rises from €944,504 to €2.5m.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Kinrooi · 1 establishment unit since 2022
Ground area
2.5 ha
Building footprint
8,849 m²
Volume, LiDAR
79,218 m³
2 parcels, Flanders · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
VPIV
since 20222.328.606.249
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11011A0624/00H000 | Flanders | 2.0 ha | 1 · 5,992 m² | 14.4 m · 4 fl. |
| 72026C0337/00L007 | Flanders | 4,890 m² | 1 · 2,857 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
THINK2ACT CAPITAL
12 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holding · 3 subsidiaries in the treeChain of control
- THINK2ACT CAPITAL
- VPIV
Highest known parent: THINK2ACT CAPITAL. The sources do not say who stands above it.
Owners 1
- THINK2ACT CAPITALparent100%
Holdings 1
-
98%
All subsidiaries, including indirect ones 3
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
Pentapack Group 98%2 subsidiaries
PENTAPACK 100%1 subsidiary
- Pentapack NA CropUS 100%
According to the 2025 annual accounts of VPIV and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
699400DCJPEM6YM3AE36
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 16,211 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0782841666
Registered
17-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.