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VSP Estate

Active
Private limited companyfounded 2025active for 1 yearBurght 45, 1547 Bever, BelgiumKBO/BCE: BE 1019.414.867
Summary

VSP Estate has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96,072 and a net result of -€3,928. Its solvency ranks better than 75% of 17,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 30-01-2025 Normal situation
Activity
Development of residential building projects NACE 68121and 4 others
Financial year end
31 December
Peppol
Reachable since 15-12-2025

Board and ownership

Board

Financial position

95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
-€3,847
Loss
€3,928
Equity
€96,072
Total assets
€152,000
  • 2025 accounts filed 27 days after the deadline
Turnover not published (micro format)
Score breakdownraises riskFounded in 2025lowers riskLiquidity: current ratio 2.72, cash €95,982Sector: Real estate activities (NACE 68)Equity €96,072 (63.2% of total assets)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 63% of micro companies in real estate (NACE 68)
Financial strength
Strong
Solvency 88
equity 63.2% of total assets
Liquidity 83
short-term debt 36.8% · cash 63.1%
Profitability 31
return on assets -2.6%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,630 companies, NACE 68, micro)
Last 24 months 02-2026: 1.1% 03-2026: 1.1%● unchanged vs 02-2026 04-2026: 1.1%● unchanged vs 03-2026 05-2026: 1.2%▲ +0.1 percentage points vs 04-2026 06-2026: 1.3%▲ +0.1 percentage points vs 05-2026 07-2026: 1.4%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 1.4%● unchanged vs 07-2026highest value 09-2026: 0.1%▼ -1.3 percentage points vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €9,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 2.72, above the usual 1.5. Short-term debt is 36.8% and cash 63.1% of total assets. 36.8% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 73% of them on solvency, 88% on liquidity and 27% on profitability.

The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Liquidity: current ratio 2.72, cash €95,982
NBB · annual accounts
lowers risk · Sector: Real estate activities (NACE 68)
KBO
lowers risk · Equity €96,072 (63.2% of total assets)
NBB · annual accounts
raises risk · Founded in 2025
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2025
27 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2025.
KBO publications

Recent changes

  1. · Gazette deed IncorporationStarting capital €100,000 · Appointments: SINGELÉ Philippe Charles Paul (director) and BOMBAERT Véronique Lea Georgette Ghislaine (director)
All 2 events

Comparable companies

These companies have the same main activity as VSP Estate: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €132,000 and €175,000, founded between 2024 and 2025.

CompanyTotal assetsGross margin
VSP Estate Bever€152,000-€3,847
VALORI Lievegem€167,147-€2,603
DEBEERST CONSTRUCT Bredene€148,180-€8,553
HOMESTIA Ramillies€163,433€520
VH2 BUILD Jabbeke€175,462-€5,385
DWP Management Knokke-Heist€131,905-€23,938
ERYA INVEST Evere€157,435-€1,082
Full comparison

Key facts about VSP Estate

What is the company number of VSP Estate?
The company number of VSP Estate is 1019.414.867. The VAT number is the same number with BE in front: BE 1019.414.867.
Where is VSP Estate based?
The registered office is at Burght 45, 1547 Bever.Company details
What does VSP Estate do?
According to the KBO register, the main activity is development of residential building projects (NACE 68121).
What is the legal form of VSP Estate?
The legal form of VSP Estate is Private limited company (BV).
When was VSP Estate founded?
VSP Estate was founded on 30-01-2025.
Is VSP Estate still active?
Yes, VSP Estate is an active enterprise in the KBO register.
What is the turnover of VSP Estate?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
Is VSP Estate profitable?
In financial year 2025, VSP Estate made a loss of €3,928.
Where can I find the annual accounts of VSP Estate?
VSP Estate filed 1 annual account with the National Bank of Belgium, for financial year 2025.

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