VPS Projects & Services
VPS Projects & Services has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-46k) and a net result of €-114k. Equity is shrinking by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 7% of 7505 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
| Equity | €-46k |
| Net result | €-114k |
| Staff (FTE) | 4.2 |
| Better than sector | 7% |
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -3.2% | 44.0% | |
| Net result | €-114k | €29k | |
| Equity | €-46k | €274k | |
| Gross operating margin | €212k | €272k | |
| Staff costs | €215k | €243k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-16k | €150k | €111k | €84k | €107k |
| Net profit | €-114k | €49k | €18k | €-33k | €-8k |
| Cash flow | €-39k | €120k | €85k | €56k | €79k |
| Staff costs | €215k | €156k | €126k | €96k | €74k |
| Income taxes | €289 | €5k | €884 | €239 | €234 |
| Dividends | - | - | - | - | - |
| Total assets | €1.44M | €1.61M | €1.49M | €1.48M | €1.25M |
| Equity | €-46k | €68k | €19k | €1k | €34k |
| Debt | €1.49M | €1.54M | €1.47M | €1.48M | €1.21M |
| of which ≤ 1y | €647k | €594k | €448k | €372k | €289k |
| of which > 1y | €843k | €948k | €1.02M | €1.11M | €924k |
| Working capital | €-460k | €-286k | €-297k | €-263k | €-134k |
| Employees (FTE) | 4.2 | 3.5 | 2.8 | 2.2 | 1.7 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.29 | 0.52 | 0.34 | 0.29 | 0.54 |
| Quick ratio | 0.29 | 0.51 | 0.34 | 0.29 | 0.54 |
| Working capital ratio | -31.9% | -17.8% | -20.0% | -17.8% | -10.8% |
| Solvency | -3.2% | 4.2% | 1.3% | 0.1% | 2.7% |
| Debt / equity | -32.43 | 22.73 | 76.52 | 1482.29 | 35.75 |
| Long-term debt ratio | -18.34 | 13.97 | 53.14 | 1110.31 | 27.23 |
| Interest coverage | -0.71 | 6.12 | 4.35 | 3.05 | 3.86 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -7.9% | 3.0% | 1.2% | -2.2% | -0.7% |
| ROE | 247.6% | 71.8% | 94.8% | -3292.3% | -24.9% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.44M | €1.61M | €1.49M | €1.48M | €1.25M |
| Fixed assets | 21/28 | €1.26M | €1.30M | €1.33M | €1.38M | €1.09M |
| Tangible fixed assets | 22/27 | €1.10M | €1.14M | €1.17M | €1.22M | €932k |
| Financial fixed assets | 28 | €160k | €160k | €160k | €160k | €160k |
| Current assets | 29/58 | €187k | €308k | €151k | €109k | €155k |
| Stocks & contracts in progress | 3 | - | €6k | - | - | - |
| Amounts receivable within one year | 40/41 | €158k | €268k | €140k | €78k | €84k |
| Cash & bank | 54/58 | €14k | €25k | €4k | €23k | €69k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.44M | €1.61M | €1.49M | €1.48M | €1.25M |
| Equity | 10/15 | €-46k | €68k | €19k | €1k | €34k |
| Contributions / capital | 10/11 | €12k | €12k | €12k | €12k | €12k |
| Reserves | 13 | €55k | €55k | €7k | €2k | €22k |
| Accumulated profits (losses) | 14 | €-114k | - | - | €-13k | - |
| Amounts payable | 17/49 | €1.49M | €1.54M | €1.47M | €1.48M | €1.21M |
| Amounts payable after one year | 17 | €843k | €948k | €1.02M | €1.11M | €924k |
| Amounts payable within one year | 42/48 | €647k | €594k | €448k | €372k | €289k |
| Trade debts payable within one year | 44 | €62k | €37k | €38k | €33k | €25k |
| Income statement | ||||||
| Gross operating margin | 9900 | €212k | €319k | €250k | €188k | €188k |
| Operating result | 9901 | €-91k | €78k | €45k | €-5k | €19k |
| Financial income | 75 | €57 | €17 | - | - | - |
| Financial charges | 65 | €23k | €24k | €26k | €28k | €28k |
| Result before taxes | 9903 | €-113k | €54k | €19k | €-33k | €-8k |
| Income taxes | 67/77 | €289 | €5k | €884 | €239 | €234 |
| Net result for the period | 9904 | €-114k | €49k | €18k | €-33k | €-8k |
| Result to be appropriated | 9905 | €-114k | €49k | €18k | €-33k | €-8k |
| NACE primary | General electrical installation work(43211) |
| Legal form | Private limited company(610) |
| Incorporation | 18-10-2017 |
| Status | Active |
| Postal code | 8980 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33008A0518/00T000 | Flanders | 3,218 m² | 1 · 1,103 m² | 7.6 m · 2 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
08-01-2024 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"notary": {
"name": "Annelies Himpe",
"firm_city": null,
"firm_name": "HIMPE \u0026 HIMPE, geassocieerde notarissen",
"office_city": "Ieper",
"is_associated": true
},
"act_meta": {
"language": "nl",
"pub_date": "2024-01-08",
"filing_date": "2024-01-03",
"act_kind_objet": "DIVERSEN, WIJZIGING RECHTSVORM, STATUTEN (VERTALING, COORDINATIE, OVERIGE WIJZIGINGEN), ONTSLAGEN, BENOEMINGEN"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2023-12-07",
"unanimous": null
},
"agm_change": {
"new_schedule": null,
"old_schedule": "derde vrijdag van de maand juni om zeventien uur",
"effective_from_year": null,
"rule_changes_summary": "Wijziging van het recht van voorkeur bij opsplitsing van aandelen in vruchtgebruik \u2013 blote eigendom."
},
"detected_kind": "statutes_change",
"other_address": null,
"mandate_renewal": null,
"subject_company": {
"kbo": "0683.486.942",
"name_full": "VPS Projects \u0026 Services",
"legal_form": "BV"
},
"accounts_deposit": null,
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null
},
"co_filed_documents": [
"expeditie van de akte statutenwijziging",
"geco\u00F6rdineerde statuten"
],
"fiscal_year_change": {
"new_end_mm_dd": "31",
"old_end_mm_dd": null,
"new_start_mm_dd": "01",
"old_start_mm_dd": null,
"first_full_new_year": null,
"transition_period_end": null
},
"liquidation_closure": null,
"officer_designation": null,
"special_procuration": null,
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}| Legal nameNL | VPS Projects & Services |