VPM
ActiveVPM has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €200k and a net result of €7k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 9430 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-4
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 25.45 against 8.88 in 2024; short-term debt: 3.5% of total assets), and 3.5% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
96.5%
Return on assets
3.3%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
31 d early
2023
29 d early
2022
28 d early
2021
36 d late
2020
10 d late
2019
13 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close20-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€200k▲ 2.7%
2024 · €195k
2019: €131k
2020: €190k
2021: €200k
2022: €215k
2023: €209k
2024: €195k
2019 → 2025
Total assets
€207k▼ 5.2%
2024 · €218k
2019: €172k
2020: €217k
2021: €208k
2022: €276k
2023: €237k
2024: €218k
2019 → 2025
Net result
€7k▼ 50.3%
2024 · €14k
2019: €39k
2020: €59k
2021: €10k
2022: €51k
2023: €22k
2024: €14k
2019 → 2025
Working capital
€176k▲ 4.5%
2024 · €168k
2019: €112k
2020: €177k
2021: €191k
2022: €215k
2023: €200k
2024: €168k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€200k-€215k▲ 7.6%€209k▼ 2.9%€195k▼ 6.8%€200k▲ 2.7%
Operating result€3k-€67k▲ 2,241%€23k▼ 65.4%€15k▼ 34.9%€4k▼ 70.5%
Net result€10k-€51k▲ 424%€22k▼ 57.4%€14k▼ 36.0%€7k▼ 50.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 70% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €207k
Fixed assets
€24k▼ 16.7%
Current assets
€183k▼ 3.5%
Equity and liabilities €207k
Equity
€200k▲ 2.7%
Debt
€7k▼ 70.0%
The debt ratio falls from 10.9% to 3.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17k▼
2024 · €24k
Cash flow
€19k▼
2024 · €23k
Solvency
96.5%▲
2024 · 89.1%
Current ratio
25.45▲
2024 · 8.88
Quick ratio
25.45▲
2024 · 8.88
Debt / equity
0.04▼
2024 · 0.12
ROE
3.5%▼
2024 · 7.2%
ROA
3.3%▼
2024 · 6.4%
Interest coverage
9.69▼
2024 · 16.17
Debt
€7k▼
2024 · €24k
Debt ≤ 1 year
€7k▼
2024 · €21k
Income taxes
€5k▼
2024 · €8k
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€218k€207k▼
Fixed assets21/28€29k€24k▼
Tangible fixed assets22/27€29k€24k▼
Land and buildings22€4k€3k▼
Plant, machinery and equipment23€957€717▼
Furniture and vehicles24€24k€20k▼
Financial fixed assets28€65€65=
Current assets29/58€189k€183k▼
Amounts receivable within one year40/41€189k€183k▼
Trade receivables40€39k-
Other amounts receivable41€150k€183k▲
Equity and liabilities
Total equity and liabilities10/49€218k€207k▼
Equity10/15€195k€200k▲
Reserves13€195k€200k▲
Distributable reserves133€195k€200k▲
Amounts payable17/49€24k€7k▼
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€21k€7k▼
Current portion of amounts payable after more than one year42€7k€3k▼
Financial debts43€6k€2k▼
Credit institutions430/8€6k€2k▼
Trade debts44€9k€2k▼
Suppliers440/4€9k€2k▼
Taxes, remuneration and social security45€35€35=
Taxes450/3€35€35=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€12k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€27k€21k▼
Operating profit (loss)9901€15k€4k▼
Financial income75/76B€9k€10k▲
Recurring financial income75€9k€10k▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€22k€12k▼
Income taxes67/77€8k€5k▼
Profit (loss) for the period9904€14k€7k▼
Profit (loss) for the period to be appropriated9905€14k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€7k▼
Transfer from equity791/2€22k-
Transfer to equity691/2€14k€5k▼
To other reserves6921€14k€5k▼
Profit to be distributed694/7€22k€2k▼
Return on contributions (dividend)694€22k€2k▼
The notes to these accounts (5 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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €7k ▼50.3%
Net result drops to €7k, the lowest in the series.
31-03
Financial
Liquidity triplescurrent ratio 25.45
Current ratio from 8.88 to 25.45; short-term debt falls from €21k to €7k.
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Equity above €200kEq €215k ▲7.6%
4 profitable years in a row build equity to €215k.
2021
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 36 days late
31-03
Financial
Liquidity triplescurrent ratio 25.06
Current ratio from 7.43 to 25.06; short-term debt falls from €28k to €8k.
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
31-03
Financial
Highest result since 2019net €59k ▲54%
Operating result €82k, net result €59k, both a record.
31-03
Financial
Liquidity doublescurrent ratio 7.43
Current ratio from 3.69 to 7.43; short-term debt falls from €42k to €28k.
31-03
Financial
Equity above €150kEq €190k ▲45.4%
2 profitable years in a row build equity to €190k.
2019
18-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
10-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 10 days late
2016
25-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Essen · 1 establishment unit since 2006
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.
Horendonk 3102910 EssenGround area
1,140 m²
Building footprint
254 m²
Volume, LiDAR
1,522 m³
Parcel 11016A0822/00P000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VPM
since 20062.154.503.325
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11016A0822/00P000 | Flanders | 1,140 m² | 1 · 254 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,554 companies in sector 71121 we hold annual accounts for 6,561. 5,123 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-04-2006
Fiscal year end31-03
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
74203
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.