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Complete company report
Generated 28-07-2026
Active BE 0439.869.957Private limited company

VPPLUS

Chemin des Iettes 35 ·6666 Houffalize, Belgium· 36 yrs active
Sector: Wholesale trade (46460)
Conclusion Checked

The computed 12-month bankruptcy probability of VPPLUS is 0.4% (very low). The 2025 annual accounts show equity of €2.93M and a net result of €-48k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 843 sector peers (fiscal year 2025). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.
Key figures
Equity €2.93M
Net result €-48k
Better than sector 60%
Active 36 yrs
Snowflake analysis 5 axes · computed by Checked
Health33Profitability0Solvency59Growth78Stability100
54 / 100

Mixed profile: strong on stability, weaker on profitability.

Health 33
Profitability 0
Solvency 59
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.4% Very low
0%0,5%1,5%4%10%≥25%
Long track record −Higher-failure-rate sector +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1990, 36 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
33 / 100 Weak
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 13-04-2026 with the NBB · fiscal year 2025 · micro
€-100k€-50k€0€50kOperating result 2021: €-41k€-41kNet result 2021: €-72k€-72kOperating result 2022: €-88k€-88kNet result 2022: €-76k€-76kOperating result 2023: €19k€19kNet result 2023: €-58k€-58kOperating result 2024: €36k€36kNet result 2024: €-35k€-35kOperating result 2025: €20k€20kNet result 2025: €-48k€-48k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~3.2%/year over 8 fiscal years, indicative, assuming unchanged policy.
€2.00M€2.50M€3.00M€3.50M€4.00M2026: €3.08M (€2.80M - €3.37M)2027: €3.17M (€2.72M - €3.62M)2028: €3.26M (€2.64M - €3.88M)2018: €2.50M2019: €2.35M2020: €2.10M2021: €2.02M2022: €3.07M2023: €3.01M2024: €2.98M2025: €2.93M20182019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 47.3% 35.1%
better than 60% of 843 sector peers
Net result €-48k €10k
better than 5% of 843 sector peers
Equity €2.93M €40k
better than 95% of 844 sector peers
Gross operating margin €516k €31k
better than 95% of 842 sector peers
Total assets €6.19M €133k
better than 95% of 843 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€475k
- -99% vs sector
EBITDA
€503k
+8.1% -87% vs sector
Net profit
€-48k
-39.4% far below sector median
Cash flow
€435k
+10.2% -82% vs sector
Total assets
€6.19M
+15.8% -84% vs sector
Equity
€2.93M
-1.6% -85% vs sector
Working capital
€-1.22M
+22.9% far below sector median
Income taxes
€62k
-8.1% -94% vs sector
Debt
€3.23M
+38.8% -65% vs sector
Debt ≤ 1y
€1.92M
+10.6% -71% vs sector
Debt > 1y
€958k
+62.4% -96% vs sector
Current ratio
0.36
+324.6% -90% vs sector
Quick ratio
0.36
+324.6% -89% vs sector
Solvency
47.3%
-15.1% -28% vs sector
Debt / equity
1.10
+41.1% +114% vs sector
ROE
-1.7%
-41.7% far below sector median
ROA
-0.8%
-20.4% far below sector median
Net margin
-247.7%
- far below sector median
EBITDA margin
92.0%
- far above sector median
Interest coverage
35.09
-15.3% -51% vs sector
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€503k
Net profit€-48k
Cash flow€435k
Staff costs-
Income taxes€62k
Dividends-
Total assets€6.19M
Equity€2.93M
Debt€3.23M
of which ≤ 1y€1.92M
of which > 1y€958k
Working capital€-1.22M
Employees (FTE)-
Ratios (computed)
2025
Current ratio0.36
Quick ratio0.36
Working capital ratio-19.8%
Solvency47.3%
Debt / equity1.10
Long-term debt ratio0.33
Interest coverage35.09
Gross margin-
Net margin-
ROA-0.8%
ROE-1.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€6.19M
Fixed assets 21/28€5.50M
Tangible fixed assets 22/27€5.50M
Current assets 29/58€696k
Amounts receivable within one year 40/41€6k
Cash & bank 54/58€292k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€6.19M
Equity 10/15€2.93M
Contributions / capital 10/11€815k
Reserves 13€2.55M
Accumulated profits (losses) 14€-1.63M
Provisions & deferred taxes 16€37k
Amounts payable 17/49€3.23M
Amounts payable after one year 17€958k
Amounts payable within one year 42/48€1.92M
Trade debts payable within one year 44€18k
Income statement
Gross operating margin 9900€516k
Operating result 9901€20k
Financial income 75€986
Financial charges 65€14k
Result before taxes 9903€6k
Income taxes 67/77€62k
Net result for the period 9904€-48k
Result to be appropriated 9905€-34k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 2 directors
Current directors & mandates
  • BECKS Sofie
    Director
    State Gazette act 25143973 (12-11-2025)
    Current
    12-11-2025 → present
    3 events
    • 12-11-2025 Resigned· Director
    • 12-11-2025 Mandate renewed· Director
    • 09-07-2020 Appointed· Director
  • CHRISTIAENS Sonja
    Director
    State Gazette act 25143973 (12-11-2025)
    Current
    12-11-2025 → present
    3 events
    • 12-11-2025 Resigned· Director
    • 12-11-2025 Mandate renewed· Director
    • 26-03-2018 Appointed· Manager
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary Wholesale trade(46460)
Legal form Private limited company(610)
Incorporation10-02-1990
StatusActive
Postal code6666
Establishment units 1 location
VP+ CVBA
Chemin des Iettes 35, 6666 Houffalizede groothandel in medisch-chirurgisch materieel en tandheelkundige instrumenten en benodigdheden
since 19902.047.320.897
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
82035B4084/00E000 Wallonia 4,425 m² 1 · 241 m² -
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 16 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
13-04-2026
NBB filing Annual accounts filed
fiscal year 2025 · micro
2025
12-11-2025
State Gazette act Director changes
v3.2
02-05-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
25-11-2024
State Gazette act Statutes amendment
v3.2
05-04-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
24-05-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
2022
22-04-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
14-06-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
10-08-2020
State Gazette act Director changes
v3.2
11-05-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
15-05-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
27-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
18-04-2018
State Gazette act Director changes
v3.2
2017
12-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
10-06-2016
State Gazette act Statutes amendment
v3.2
2012
31-07-2012
State Gazette act Statutes amendment
v3.2
Belgisch Staatsblad, acts 6 acts
All acts · 6 updated 8 months ago
2025
12-11-2025 2 resigning, 2 reappointed Director changes
  • CHRISTIAENS Sonja, Bestuurder
  • BECKS Sofie, Bestuurder
  • CHRISTIAENS Sonja, Bestuurder
  • BECKS Sofie, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "CHRISTIAENS Sonja",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide de mettre fin \u00E0 la fonction des g\u00E9rants actuels Madame CHRISTIAENS Sonja et Madame BECKS Sofie, pr\u00E9nomm\u00E9es"
    },
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "CHRISTIAENS Sonja",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "proc\u00E8de imm\u00E9diatement au renouvellement de la nomination comme administrateurs non statutaire pour une dur\u00E9e illimit\u00E9e: Madame CHRISTIAENS Sonja, pr\u00E9nomm\u00E9e"
    },
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "BECKS Sofie",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide de mettre fin \u00E0 la fonction des g\u00E9rants actuels Madame CHRISTIAENS Sonja et Madame BECKS Sofie, pr\u00E9nomm\u00E9es"
    },
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "BECKS Sofie",
        "address": null,
        "birth_date": null
      },
      "evidence_quote": "proc\u00E8de imm\u00E9diatement au renouvellement de la nomination comme administrateurs non statutaire pour une dur\u00E9e illimit\u00E9e: Madame BECKS Sofie, pr\u00E9nomm\u00E9e"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0439.869.957",
    "name_full": "VPPLUS, EN ABREGE : VP \u002B",
    "legal_form": "SRL"
  }
}
2024
25-11-2024 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": false,
    "seat_change": false,
    "object_change": false,
    "effective_date": "2024-09-27",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0439.869.957",
    "name_full": "VPPLUS, EN ABREGE : VP \u002B",
    "legal_form": "SCRL"
  },
  "signature_regime": null,
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": []
  }
}
2020
10-08-2020 Becks Sofie appointed as director Director changes
  • Becks Sofie, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Becks Sofie",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2020-07-09",
      "evidence_quote": "nomination de Mme. Becks Sofie, comme administrateur \u00E0 partir de 09/07/2020."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0439.869.957",
    "name_full": "VPPLUS, EN ABREGE : VP \u002B",
    "legal_form": "SCRL"
  }
}
2018
18-04-2018 Christiaens Sonja appointed as manager Director changes
  • Christiaens Sonja, Zaakvoerder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "zaakvoerder",
      "person": {
        "rrn": null,
        "name": "Christiaens Sonja",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2018-03-26",
      "evidence_quote": "nomination de Mme. Christiaens Sonja, comme g\u00E9rant \u00E0 partir de 26/03/2018."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0439.869.957",
    "name_full": "VPPLUS, EN ABREGE : VP \u002B",
    "legal_form": "SCRL"
  }
}
2016
10-06-2016 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": false,
    "seat_change": false,
    "object_change": true,
    "effective_date": "2016-05-24",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0439.869.957",
    "name_full": "VPPLUS",
    "legal_form": "CVBA"
  },
  "signature_regime": null,
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": []
  }
}
2012
31-07-2012 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": false,
    "seat_change": false,
    "object_change": false,
    "effective_date": "2012-04-26",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0439.869.957",
    "name_full": "VPPLUS, EN ABREGE : VP \u002B",
    "legal_form": "SCRL"
  },
  "signature_regime": null,
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": []
  }
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Groothandel in farmaceutische producten46460Groothandel in farmaceutische en medische artikelen46460Groothandel in farmaceutische producten51460Catering56210Catering van evenementen56210Organisatie van congressen en beurzen82300Organisatie van congressen en beurzen82300Overige vormen van onderwijs85599Overige vormen van onderwijs85599
Primary activity highlighted.
Names & trade names
Legal nameNL VPPLUS
AbbreviationNL VP+
Registered office
Chemin des Iettes 35
6666 Houffalize, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative