VPSystem
ActiveSummary
VPSystem has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30,353 and a net result of €33,018. Equity is growing by about 596% per year across the filed financial years. Its solvency ranks better than 45% of 20,890 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Financials · financial year 2025, micro format
2023 to 2025, 3 financial years
The operating result returns to profit in 2025: €44,169 after a loss of €1,150 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €73 | - |
| Other operating charges640/8 | €384 | €505 | €520 | ▲ 2.8% |
| Gross operating margin9900 | -€1,898 | -€645 | €44,762 | - |
| Operating profit (loss)9901 | -€2,283 | -€1,150 | €44,169 | - |
| Financial income75/76B | - | €14 | €1 | ▼ 93.0% |
| Recurring financial income75 | - | €14 | €1 | ▼ 93.0% |
| Financial charges65/66B | €111 | €135 | €152 | ▲ 12.4% |
| Recurring financial charges65 | €111 | €135 | €152 | ▲ 12.4% |
| Profit (loss) for the period before taxes9903 | -€2,394 | -€1,271 | €44,018 | - |
| Income taxes67/77 | - | - | €10,999 | - |
| Profit (loss) for the period9904 | -€2,394 | -€1,271 | €33,018 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,394 | -€1,271 | €33,018 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €825 | €2,059 | €55,426 | ▲ 2,593% |
| Fixed assets21/28 | - | - | €2,732 | - |
| Tangible fixed assets22/27 | - | - | €2,732 | - |
| Plant, machinery and equipment23 | - | - | €1,255 | - |
| Furniture and vehicles24 | - | - | €1,477 | - |
| Current assets29/58 | €825 | €2,059 | €52,694 | ▲ 2,460% |
| Amounts receivable within one year40/41 | €797 | €716 | €4,104 | ▲ 473% |
| Trade receivables40 | - | - | €4,104 | - |
| Other amounts receivable41 | €797 | €716 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €27 | €1,343 | €48,487 | ▲ 3,511% |
| Deferred charges and accrued income490/1 | - | - | €103 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €825 | €2,059 | €55,426 | ▲ 2,593% |
| Equity10/15 | -€1,394 | -€2,665 | €30,353 | - |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | - | - | €29,353 | - |
| Distributable reserves133 | - | - | €29,353 | - |
| Profit (loss) carried forward14 | -€2,394 | -€3,665 | €0 | - |
| Amounts payable17/49 | €2,219 | €4,724 | €25,074 | ▲ 431% |
| Amounts payable within one year42/48 | €2,219 | €4,724 | €25,074 | ▲ 431% |
| Trade debts44 | - | €150 | €6,155 | ▲ 4,004% |
| Suppliers440/4 | - | €150 | €6,155 | ▲ 4,004% |
| Taxes, remuneration and social security45 | - | - | €17,708 | - |
| Taxes450/3 | - | - | €17,708 | - |
| Other amounts payable47/48 | €2,219 | €4,574 | €1,210 | ▼ 73.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,394 | -€1,271 | €33,018 | - |
| + Depreciation and write-downs630 | - | - | €73 | - |
| Operating cash flow (approximation) | -€2,394 | -€1,271 | €33,092 | - |
| Change in cash | - | €1,315 | €47,144 | ▲ 3,484% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 23-06-2026 | 2026-00187469 |
| 31-12-2024 | micro format | 27-05-2025 | 2025-00110081 |
| 31-12-2023 | micro format | 22-05-2024 | 2024-00096939 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.