VPM SERVICES
ActiveVPM SERVICES has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €414k and a net result of €-51k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 64% of 3619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▼-7
Solvency69▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.84 in 2024; short-term debt: 56.3% and cash: 25.3% of total assets), and 56.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 56
Relative position
BE, all sectors
reference
Sector 56
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
12 d early
2022
11 d early
2021
19 d early
2020
30 d late
2019
11 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€414k▼ 11.0%
2024 · €466k
2018: €202k
2019: €222k
2020: €270k
2021: €359k
2022: €422k
2023: €463k
2024: €466k
2018 → 2025
Total assets
€949k▼ 8.7%
2024 · €1.04M
2018: €962k
2019: €843k
2020: €933k
2021: €1.36M
2022: €1.50M
2023: €1.29M
2024: €1.04M
2018 → 2025
Net result
€-51k
2024 · €3k
2018: €19k
2019: €20k
2020: €48k
2021: €89k
2022: €63k
2023: €41k
2024: €3k
2018 → 2025
Working capital
€-105k▼ 36.1%
2024 · €-77k
2018: €-142k
2019: €-89k
2020: €-70k
2021: €-309k
2022: €-177k
2023: €-138k
2024: €-77k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€359k-€422k▲ 17.6%€463k▲ 9.6%€466k▲ 0.6%€414k▼ 11.0%
Operating result€83k-€81k▼ 2.2%€71k▼ 12.9%€28k▼ 60.9%€-33k
Net result€89k-€63k▼ 29.1%€41k▼ 35.7%€3k▼ 92.6%€-51k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €33k after €28k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €949k
Fixed assets
€520k▼ 16.4%
Current assets
€429k▲ 2.8%
Equity and liabilities €949k
Equity
€414k▼ 11.0%
Debt
€535k▼ 6.8%
The debt ratio rises from 55.2% to 56.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€122k▼
2024 · €189k
Cash flow
€104k▼
2024 · €164k
Solvency
43.7%▼
2024 · 44.8%
Current ratio
0.80▼
2024 · 0.84
Quick ratio
0.75▼
2024 · 0.78
Debt / equity
1.29▲
2024 · 1.23
ROE
-12.4%▼
2024 · 0.6%
ROA
-5.4%▼
2024 · 0.3%
Interest coverage
6.42▼
2024 · 9.17
Debt
€535k▼
2024 · €574k
Debt ≤ 1 year
€534k▲
2024 · €494k
Income taxes
€124▼
2024 · €4k
Staff costs
€929k▲
2024 · €769k
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€1.04M€949k▼
Fixed assets21/28€622k€520k▼
Tangible fixed assets22/27€620k€518k▼
Plant, machinery and equipment23€615k€513k▼
Furniture and vehicles24€5k€4k▼
Financial fixed assets28€3k€3k=
Current assets29/58€417k€429k▲
Stocks and contracts in progress3€30k€29k▼
Stocks30/36€30k€29k▼
Amounts receivable within one year40/41€116k€128k▲
Trade receivables40€20k€19k▼
Other amounts receivable41€97k€108k▲
Cash at bank and in hand54/58€251k€240k▼
Deferred charges and accrued income490/1€21k€33k▲
Equity and liabilities
Total equity and liabilities10/49€1.04M€949k▼
Equity10/15€466k€414k▼
Contributions10/11€19k€19k=
Revaluation surpluses12€302k€302k=
Reserves13€145k€94k▼
Distributable reserves133€145k€94k▼
Amounts payable17/49€574k€535k▼
Amounts payable after more than one year17€79k-
Financial debts170/4€79k-
Amounts payable within one year42/48€494k€534k▲
Current portion of amounts payable after more than one year42€92k€86k▼
Trade debts44€249k€290k▲
Suppliers440/4€249k€290k▲
Taxes, remuneration and social security45€82k€87k▲
Remuneration and social security454/9€82k€87k▲
Other amounts payable47/48€70k€71k▲
Accrued charges and deferred income492/3€197€745▲
Income statement
Code20242025
Remuneration, social security and pensions62€769k€929k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€161k€155k▼
Other operating charges640/8€21k€22k▲
Gross operating margin9900€978k€1.07M▲
Operating profit (loss)9901€28k€-33k▼
Financial income75/76B€379€294▼
Recurring financial income75€379€294▼
Financial charges65/66B€21k€19k▼
Recurring financial charges65€21k€19k▼
Profit (loss) for the period before taxes9903€7k€-51k▼
Income taxes67/77€4k€124▼
Profit (loss) for the period9904€3k€-51k▼
Profit (loss) for the period to be appropriated9905€3k€-51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€-51k▼
Transfer from equity791/2-€51k
Transfer to equity691/2€3k-
To other reserves6921€3k-
Social balance
Average headcount (FTE)908719.021.7▲
The notes to these accounts (7 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-51k ▼1823%
Net result drops to €-51k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €89k ▲84.7%
Operating result €83k, net result €89k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
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
3 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, Antwerpen · 1 establishment unit since 1993
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.
Lambrechtshoekenlaan 12170 AntwerpenGround area
5,128 m²
Building footprint
732 m²
Volume, LiDAR
3,798 m³
2 parcels, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MC DONALD'S
since 19932.062.354.018
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11028A0136/00T000 | Flanders | 4,882 m² | 1 · 642 m² | 6.3 m · 2 fl. |
| 11028A0145/00X000indicative | Flanders | 246 m² | 1 · 90 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,530 EUR awarded · 1,530 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,530 EUR | 1,530 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.062.354.018
Dual-learning approval
2 endedSimilar companies · same sector, comparable size
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Huyze Bosmans
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LAEKEN FISH
BE 0830.763.824
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CREMERIE FRANCOIS
BE 0475.946.435
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Of 21,908 companies in sector 56112 we hold annual accounts for 9,783. 4,932 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-04-1993
Fiscal year end31-12
Activities, NACEBEL
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.