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VTP

Active Private limited companyfounded 2020active for 6 yearsRue Malplaquée 6, 5600 PhilippevilleKBO/BCE: BE 0755.588.923
VTP
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Overview

Lifetime

5 annual accounts with figures on one time axis
Gross marginpeak €115,044 (2025)
€115,044▲ 69.3%
Resultpeak €36,893 (2025)
€36,893▲ 21.8%
Equitypeak €108,985 (2025)
€108,985▲ 51.2%
Debts
€83,299▼ 18.2%
Board2 names since 2025
- 
Documentsfilings and deeds
05-02-202684 days before the deadline
2025micro format
Gross margin from €67,937 to €115,044Equity from €72,092 to €108,985Debts from €101,808 to €83,299Investments €6,924

Key points

from the 2025 annual accounts

Overdue debts

€15,569 on 30-09-2025

The annual accounts state €15,569 of overdue tax debts on 30-09-2025.

Equity

€108,985 ▲ 51.2%

VTP has made a profit in every financial year since 2021.

Turnover

≈ €470,000 estimated

The micro format states no turnover.

Investments

€6,924 2.2 × depreciation
20212022202320242025

Green is investment, beige is depreciation. Machinery stands 40.1% higher than in 2024.

Filings

5 annual accounts since 2021
deadline20222024

The last five annual accounts were filed 22 to 84 days before the end of the period.

Position in the sector

€36,893

Higher net result than 80% of companies in specialised construction. Sector median €10,197 · 35,048 companies.

Checked score

55
Fair
Financially stronger than 70% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.7% across 47,692 companies (NACE 43, micro).

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.6% 01-2025: 2.0%▲ +0.4 percentage points vs 12-2024 02-2025: 2.6%▲ +0.6 percentage points vs 01-2025highest value 03-2025: 1.2%▼ -1.4 percentage points vs 02-2025 04-2025: 0.8%▼ -0.4 percentage points vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 0.8%● unchanged vs 06-2025 08-2025: 0.8%● unchanged vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.7%▼ -0.1 percentage points vs 11-2025lowest value 01-2026: 0.8%▲ +0.1 percentage points vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 2.1%▲ +1.3 percentage points vs 02-2026 04-2026: 2.1%● unchanged vs 03-2026 05-2026: 2.1%● unchanged vs 04-2026 06-2026: 2.1%● unchanged vs 05-2026 07-2026: 2.1%● unchanged vs 06-2026 08-2026: 2.1%● unchanged vs 07-2026 09-2026: 2.0%▼ -0.1 percentage points vs 08-2026 10-2026: 2.0%● unchanged vs 09-2026 11-2026: 2.0%● unchanged vs 10-2026

Financial strength
Strong

Solvency
82+16equity 56.7% of total assets
Liquidity
59+22short-term debt 42.6%
Profitability
93+2return on assets 19.2%

Score breakdown

raises risk
Liquidity: current ratio 2.13
Founded in 2020
Sector: Specialised construction activities (NACE 43)
Size: total assets €192,284
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 43, micro). It does better than 62% of them on solvency, 57% on liquidity, 79% on profitability and 83% on growth.

The bankruptcy probability was computed on 05-11-2026 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.

The probability rests on the annual accounts with balance sheet date 30-09-2025.

Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 26,972 companies had the same profile as VTP has now. Each dot stands for 68 companies, two years later.

94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of VTP itself is higher: 2.0% within 12 months. It rests on far more data about VTP than the profile alone.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 26,972 companies, not a prediction for VTP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €5,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.13 (1.57 in 2024), above the usual 1.5. Short-term debt is 42.6% of total assets. 43.3% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

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

Signals

Five signals.
raises riskneutral
raises risk · Liquidity: current ratio 2.13
NBB · annual accounts
raises risk · Founded in 2020
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 · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Size: total assets €192,284
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-02-2026, 84 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
84 days early
2024
76 days early
2023
77 days early
2022
65 days early
2021
22 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 65 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 13 February (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end06-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

last known board
HV
Hubert van't Westeinde
Director, until 2025
TV
Thomas van't Westeinde
Director, until 2025
Board & ownership

Recent changes

Resignations: Hubert van't Westeinde (director) and Thomas van't Westeinde (director) Director discharge: Hubert van't Westeinde · Director discharge: Thomas van't Westeinde · General meeting of 05-07-2025 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0755588923
Registered office moved from Sart en Fagne to Merlemont New registered office: rue Malplaquée 6A 5600 Merlemont · Previous registered office: rue Notre Dame 64 5600 Sart en Fagne · Gazette deed
Incorporation published on 06-10-2020 · Gazette deed
All 12 events

Comparable companies

same main activity, similar in size and age
Company Total assets Gross margin Solvency Staff
VTP Philippeville €192,284 €115,044 56.7% -
Duhoux Benoît Mettet €205,854 €95,058 43.2% -
ART & RENOV Sambreville €195,498 €92,612 20.8% -
JC DOB Fosses-la-Ville €169,834 €142,347 25.4% -
APR BUILD Sint-Genesius-Rode €201,542 €104,961 63.1% -
ONTSTOPPINGSDIENST IG BV Sint-Martens-Latem €198,241 €131,659 79.1% -
NCEE Rebecq €215,269 €114,101 48.2% 2.8

These companies have the same main activity as VTP: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €170,000 and €215,000, founded between 2020 and 2021.

Official details

Source: KBO
Status
Active since 02-10-2020Normal situation
Activity
Other specialised construction activitiesNACE 43990and 3 others
Establishment unit
2.308.187.6505600 Philippeville, since 02-10-2020
Financial year end
30 September
Peppol
Reachable since 11-12-2025
Company details

Annual accounts to 30-09-2025

Gross margin
€115,044▲ 69.3%
Profit
€36,893▲ 21.8%
Equity
€108,985▲ 51.2%
Total assets
€192,284▲ 10.6%
Employeeson 30-09-2025
1=
Filing
Filed on 05-02-2026, 84 days before the end of the filing period
Financials

Insights on VTP

VTP files the micro format. That format states no turnover. The gross margin rose from €16,504 in 2021 to €115,044 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 05-02-2026, 84 days before the deadline
Gross margin
€115,044
▲ 69.3%
Operating result
€43,108
▲ 73.8%
EBITDA
€46,275
▲ 59.3%
Cash flow
€40,060
▲ 16.0%
Solvency
56.7%
▲ 15.2 percentage points
Current ratio
2.13
▲ 0.56

Money flows

no detail for 2025

Balance sheet

balance sheet total €192,284 on 30-09-2025
What the company ownsHow it is paid for

Change in equityin euro

Change in cash

Position in the sector

Compare with sector

Solvency56.7%

Higher than 61% of 35,060 companies in 2025.

Current ratio2.13

Higher than 57% of 34,437 companies in 2025.

Return on assets19.2%

Higher than 76% of 34,637 companies in 2025.

VTP Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter

Staff

Staff cost per FTE€50,360

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021
Balance sheet: assets
Total assets20/58 192,284173,900172,129195,685196,324
Fixed assets21/28 18,27514,51817,76010,10513,568
Tangible fixed assets22/27 18,10014,34317,5859,93013,393
Land and buildings22 9,80110,60211,402--
Plant, machinery and equipment23 4,3853,1304,3975,2485,869
Furniture and vehicles24 3,9146111,7864,6827,524
Financial fixed assets28 175175175175175
Current assets29/58 174,009159,382154,369185,580182,756
Stocks and contracts in progress3 143,613122,876112,123143,423110,146
Stocks30/36 143,613122,876112,123143,423110,146
Amounts receivable within one year40/41 19,37712,97513,5119,96846,326
Trade receivables40 17,8488,4206,9556,00942,799
Other amounts receivable41 1,5294,5556,5563,9593,527
Current investments50/53 9,949----
Cash at bank and in hand54/58 -23,53128,73532,18926,284
Deferred charges and accrued income490/1 1,070----
Balance sheet: equity and liabilities
Total equity and liabilities10/49 192,284173,900172,129195,685196,324
Equity10/15 108,98572,09229,58713,8677,951
Contributions10/11 5,0005,0005,0005,0005,000
Reserves13 12,22012,220---
Distributable reserves133 12,22012,220---
Profit (loss) carried forward14 91,76554,87224,5878,8672,951
Amounts payable17/49 83,299101,808142,542181,818188,373
Amounts payable after more than one year17 ----14,793
Financial debts170/4 ----14,793
Amounts payable within one year42/48 81,819101,726142,542181,818166,780
Current portion of amounts payable after more than one year42 ---14,79324,957
Trade debts44 16,40250,77655,40273,70739,820
Suppliers440/4 16,40250,77655,40273,70739,820
Taxes, remuneration and social security45 23,69111,15537,4767,34714,649
Taxes450/3 15,5695,57618,0677,34713,379
Remuneration and social security454/9 8,1225,57919,409-1,270
Other amounts payable47/48 41,72639,79549,66485,97187,354
Accrued charges and deferred income492/3 1,48082--6,800
Income statement
Turnover70 ----407,903
Gross operating margin9900 115,04467,93764,41838,56516,504
Goods, raw materials, services and sundry goods60/61 ----243,068
Remuneration, social security and pensions62 50,36037,46637,56225,1158,320
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 3,1674,2425,7854,6112,894
Other operating charges640/8 18,4091,4301,4877421,130
Operating profit (loss)9901 43,10824,79919,5848,0974,160
Financial income75/76B 5,68215,3832,298320360
Recurring financial income75 5--242
Non-recurring financial income76B 5,67715,3832,298296358
Financial charges65/66B 1,1386,0951,7102,3541,569
Recurring financial charges65 2561812088641,324
Non-recurring financial charges66B 8825,9141,5021,490245
Profit (loss) for the period before taxes9903 47,65234,08720,1726,0632,951
Income taxes67/77 10,7593,8024,452147-
Profit (loss) for the period9904 36,89330,28515,7205,9162,951
Profit (loss) for the period to be appropriated9905 36,89330,28515,7205,9162,951
Appropriation of the result
Profit (loss) to be appropriated9906 91,76554,87224,5878,8672,951
Profit (loss) brought forward from the previous period14P 54,87224,5878,8672,951-
Social balance sheet
Average staff (FTE)9087 11111
Hours worked1013 1,5721,7991,6851,682810
Document PDFPDFPDFPDFPDF

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 05-02-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-09-2025 micro format 05-02-2026 2026-00033636 PDF
30-09-2024 micro format 13-02-2025 2025-00034185 PDF
30-09-2023 micro format 13-02-2024 2024-00030271 PDF
30-09-2022 micro format 24-02-2023 2023-00031102 PDF
30-09-2021 micro format 08-04-2022 2022-20002836 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021
EBITDA 46,27529,04125,36912,7087,054
Cash flow 40,06034,52721,50510,5275,845
Investment in fixed assets 6,9241,00013,4401,14816,462
Change in cash --5,204-3,4545,905-
Working capital 92,19057,65611,8273,76215,976
EBIT margin ----1.0%
Solvency 56.7%41.5%17.2%7.1%4.0%
Current ratio 2.131.571.081.021.10
Quick ratio 0.370.360.300.230.44
Debt to equity 0.761.414.8213.1123.69
ROE 33.9%42.0%53.1%42.7%37.1%
ROA 19.2%17.4%9.1%3.0%1.5%
Interest coverage over 100over 100over 10014.715.33
Customer credit ----38 days
Supplier credit ----60 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item30-09-202530-09-202430-09-202330-09-202230-09-2021
Employees at the balance-sheet date11111
full-time11111
part-time-0---
in full-time equivalents11111
Average over the year, in full-time equivalents11111
On a permanent contract11111
Joined----1
Left----0

Source: social balance sheet in the 2021 to 2025 annual accounts

Overdue debts

tax and social security
Item30-09-202530-09-202430-09-202330-09-202230-09-2021
Overdue tax debts€15,569€5,576€18,067€7,347-

Source: notes to the 2021 to 2025 annual accounts (statement of debts)

Securities and guarantees

on own assets and for others
Item30-09-202530-09-202430-09-202330-09-202230-09-2021
Pledge on the business-€165,000€165,000-€165,000

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item30-09-202530-09-202430-09-202330-09-202230-09-2021
Tangible fixed assets€6,924€1,000€13,440€1,148€16,287
Financial fixed assets----€175
Depreciation and write-downs of the year€3,167€4,242€5,785€4,611€2,894

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on VTP

The operating result for 2025 is 74% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.

Debt's share of the balance-sheet total falls from 58.5% to 43.3%. Equity is higher and debt is lower.

Board & ownership

Mandates through the years

2 names, the dashed line is today
Hubert van't Westeinde
Director
Thomas van't Westeinde
Director
Earliermandate already running before its first mention
Mandates as a list
  • Hubert van't Westeinde
    • Director, until 05-07-2025
  • Thomas van't Westeinde
    • Director, until 05-07-2025

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€5,000
Source
2025 annual accounts

Office holders in the KBO →

Timeline

Timeline

12 events since 2020

Deadline for the 2026 accounts: 30-04-2027

2026
Annual accounts 2025 filed PDFmicro format · 84 days before the deadline
Resignations: Hubert van't Westeinde (director) and Thomas van't Westeinde (director)Director discharge: Hubert van't Westeinde · Director discharge: Thomas van't Westeinde · General meeting of 05-07-20256 points ▸
  • General meeting, 05-07-2025
  • Director resignation, Hubert van't Westeinde
  • Director resignation, Thomas van't Westeinde
  • Director discharge, Hubert van't Westeinde
  • Director discharge, Thomas van't Westeinde
  • Power of attorney, ASBL UCM Guichet d'entreprises
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0755588923
Highest result from 2021 to 2025 net €36,893 ▲21.8% The operating result of €43,108 and the net result of €36,893 are both a record.
Equity above €100,000 equity €108,985 ▲51.2% With a profit in every financial year since 2021, equity grows to €108,985.
Annual accounts 2024 filed PDFmicro format · 76 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 77 days before the deadline
2023
Registered office moved from Sart en Fagne to MerlemontNew registered office: rue Malplaquée 6A 5600 Merlemont · Previous registered office: rue Notre Dame 64 5600 Sart en Fagne1 point ▸
  • Registered-office move, rue Malplaquée 6A 5600 Merlemont
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFmicro format · 65 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 22 days before the deadline
2020
Incorporation PDFpublished on 06-10-2020
First establishment Rue Malplaquée 6, Philippeville

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 2 October 2020, VTP was incorporated as a private limited company.1 In 2023 the registered office moved to Merlemont.2 Total assets went from €196,324 in 2021 to €192,284 in 2025 and headcount from 1 to 1 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 27-03-2023
  3. 3National Bank, annual accounts 2021 and 2025

Company details

Identity

Enterprise number
0755.588.923
VAT number
BE 0755.588.923
Peppol ID
0208:0755588923
Legal form
Private limited company
Status
Active, normal situation
Founded
02-10-2020
Financial year
ends on 30 September
Peppol
Reachable since 11-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
VTP in French
Entity type
Legal entity

Activities

NACEBEL 2025
VAT activities
43990 Other specialised construction activities main activity
39000 Remediation activities and other waste management service activities
81230 Other cleaning activities
Social security (RSZ) activities
47529 Retail trade main activity
Codes under NACEBEL 2008
VAT activities
43999 Specialised construction activities main activity
39000 Remediation activities and other waste management service activities
81290 Services to buildings and landscape activities
Social security (RSZ) activities
47529 Retail trade main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue Malplaquée 6 registered office 5600 Philippeville 02-10-2020 2.308.187.650
1 former office
  • rue Notre Dame 64, 5600 Sart en Fagne until the deed of 27-03-2023

Buildings and parcels at the address

Ground area
205 m²
Buildings
165 m²
Volume, LiDAR
711 m³
Tallest building
6.6 m
Buildings to scale, each on its own parcel
165 m², 6.6 m 165 m², 6.6 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
93043B0068/00D000205 m² 1 · 165 m² 6.6 m · 1

Contact

E-mail vtw1707@gmail.com
Phone +32 496 42 18 98

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0755.588.923

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