VPV Sun Solutions

Active

Private limited companyfounded 20205 yrs activeScherpenberg 2, 2390 Malle, BelgiumKBO/BCE: BE 0759.444.474

The computed 12-month bankruptcy probability of VPV Sun Solutions is 1.9% (moderate). The 2025 annual accounts show equity of €217k and a net result of €9k. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 33% of 7689 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

84 / 100

Excellent▲ +62 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability21▲+21

Solvency64▲+21

Growth78▲+26

Stability94

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €18k at 30 days acceptable

Liquidity ample (current ratio 1.74 against 1.3 in 2024), but 69.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

30.4%

Return on assets

1.3%

Age of the figures

8 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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 · 5 filings

Deviation from the deadline

2025

3 d late

2024

60 d late

2023

1 d early

2022

77 d early

2021

37 d early

← before the deadline after the deadline →

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 months

Position in the running window

15-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€217k▲ 4.4%

2024 · €207k

2021: €4k 2022: €169k 2023: €348k 2024: €207k

2021 → 2025

Total assets

€712k▼ 15.7%

2024 · €844k

2021: €63k 2022: €446k 2023: €1.12M 2024: €844k

2021 → 2025

Net result

€9k

2024 · €-127k

2021: €619 2022: €166k 2023: €179k 2024: €-127k

2021 → 2025

Working capital

€94k▲ 27.6%

2024 · €74k

2021: €-3k 2022: €199k 2023: €239k 2024: €74k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€4k-€169k▲ 4,574%€348k▲ 106%€207k▼ 40.4%€217k▲ 4.4%

Operating result€2k-€223k▲ 12,923%€247k▲ 10.7%€-104k€29k

Net result€619-€166k▲ 26,646%€179k▲ 8.1%€-127k€9k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €29k after a loss of €104k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €711k

68.8%

31.2%

Fixed assets €489k▼ 6.9%

Current assets €222k▼ 30.0%

Equity and liabilities €712k

30.4%

69.6%

Equity €217k▲ 4.4%

Debt €495k▼ 22.2%

The debt ratio falls from 75.4% to 69.6%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€69k▲

2024 · €-67k

Cash flow

€49k▲

2024 · €-90k

Solvency

30.4%▲

2024 · 24.6%

Current ratio

1.74▲

2024 · 1.30

Quick ratio

1.04▲

2024 · 0.95

Debt / equity

2.29▼

2024 · 3.07

ROE

4.2%▲

2024 · -61.4%

ROA

1.3%▲

2024 · -15.1%

Interest coverage

3.30▲

2024 · -2.93

Debt

€495k▼

2024 · €636k

Debt ≤ 1 year

€128k▼

2024 · €243k

Debt > 1 year

€363k▼

2024 · €390k

Income taxes

€176▲

2024 · €160

Staff costs

€16k▼

2024 · €92k

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€844k€712k▼

Formation expenses20€1k€670▼

Fixed assets21/28€525k€489k▼

Tangible fixed assets22/27€524k€487k▼

Land and buildings22€483k€461k▼

Plant, machinery and equipment23€17k€13k▼

Furniture and vehicles24€23k€14k▼

Financial fixed assets28€1k€1k=

Current assets29/58€317k€222k▼

Stocks and contracts in progress3€86k€89k▲

Stocks30/36€86k€77k▼

Contracts in progress37-€12k

Amounts receivable within one year40/41€186k€117k▼

Trade receivables40€125k€69k▼

Other amounts receivable41€61k€48k▼

Cash at bank and in hand54/58€46k€16k▼

Deferred charges and accrued income490/1€55€55=

Equity and liabilities

Total equity and liabilities10/49€844k€712k▼

Equity10/15€207k€217k▲

Contributions10/11€3k€3k=

Reserves13€204k€214k▲

Distributable reserves133€204k€214k▲

Profit (loss) carried forward14-€0

Amounts payable17/49€636k€495k▼

Amounts payable after more than one year17€390k€363k▼

Financial debts170/4€390k€363k▼

Amounts payable within one year42/48€243k€128k▼

Current portion of amounts payable after more than one year42€32k€27k▼

Financial debts43-€50k

Credit institutions430/8-€50k

Trade debts44€134k€45k▼

Suppliers440/4€134k€45k▼

Taxes, remuneration and social security45€70k€6k▼

Taxes450/3€62k€2k▼

Remuneration and social security454/9€8k€5k▼

Other amounts payable47/48€8k€0▼

Accrued charges and deferred income492/3€3k€4k▲

Income statement Code20242025

Remuneration, social security and pensions62€92k€16k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€40k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€-5k▼

Other operating charges640/8€3k€4k▲

Gross operating margin9900€34k€84k▲

Operating profit (loss)9901€-104k€29k▲

Financial income75/76B-€1k

Recurring financial income75-€1k

Financial charges65/66B€23k€21k▼

Recurring financial charges65€23k€21k▼

Profit (loss) for the period before taxes9903€-127k€9k▲

Income taxes67/77€160€176▲

Profit (loss) for the period9904€-127k€9k▲

Profit (loss) for the period to be appropriated9905€-127k€9k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-127k€9k▲

Transfer from equity791/2€141k€0▼

Transfer to equity691/2-€9k

To other reserves6921-€9k

Profit to be distributed694/7€13k€0▼

Return on contributions (dividend)694€13k€0▼

Social balance

Average headcount (FTE)90871.70.3▼

The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 6Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

03-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 3 days late

2025

31-12

Financial Back to profitnet €9k

Net result €9k after one loss-making year.

29-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 60 days late

2024

31-12

Financial Weakest financial yearnet €-127k ▼171%

Net result drops to €-127k, the lowest in the series; recovery starts the following year.

30-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Highest result since 2021net €179k ▲8.1%

Operating result €247k, net result €179k, both a record.

31-12

Financial Equity above €200kEq €348k ▲106%

3 profitable years in a row build equity to €348k.

15-05

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Liquidity doublescurrent ratio 1.91

Current ratio from 0.93 to 1.91.

31-12

Financial Equity above €150kEq €169k ▲4574%

2 profitable years in a row build equity to €169k.

24-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Malle · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Scherpenberg 22390 Malle

Ground area

1,475 m²

Building footprint

181 m²

Volume, LiDAR

980 m³

Parcel 11049B0463/00H000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

VPV Sun Solutions

Scherpenberg 2, 2390 MalleFinishing of textiles

since 20202.310.504.465

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11049B0463/00H000	Flanders	1,475 m²	1 · 181 m²	7.2 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.

Public money · subsidies and aid

Flemish government

2022 to 2024 · 3 entries · 2,289 EUR awarded · 1,336 EUR paid

Year	Entries	awarded	paid
2024	1	202 EUR	143 EUR
2023	1	1,788 EUR	894 EUR
2022	1	299 EUR	299 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

3 entries · 2,289 EUR · 1,336 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

ALGEMENE ELECTRICITEITSWERKEN J & P

BE 0454.560.014

Houthalen-Helchteren · Eq €217k

Of 22,740 companies in sector 43211 we hold annual accounts for 10,273. 8,115 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded04-12-2020

Fiscal year end31-12

Activities, NACEBEL

43211General electrical installation work

43222Installation of electric heating, air conditioning, cooling and ventilation

43310Plastering work

43410Roofing work

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.