VTP Workx
ActiveSummary
VTP Workx has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231k and a net result of €89k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+18
Solvency59▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity short (current ratio 0.15 against 0.14 in 2024; short-term debt: 38.9% and cash: 0.7% of total assets), and 66.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.8%
Return on assets
13%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €231k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 · 6 filingsDeviation from the deadline
2025
19 d late
2024
21 d late
2023
162 d late
2022
14 d early
2021
13 d early
2020
26 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€231k▲ 62.9%
2024 · €142k
Total assets
€685k▲ 7.1%
2024 · €639k
Net result
€89k▲ 21.7%
2024 · €73k
Working capital
€-225k▲ 6.7%
2024 · €-242k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-3k€2k€20k▲ 1,121%€32k▲ 61.1%€23k▼ 28.2%
Net result€-5k€3k€9k▲ 166%€73k▲ 761%€89k▲ 21.7%
Equity€18k▼ 20.4%€21k▲ 18.2%€29k▲ 41.0%€142k▲ 385%€231k▲ 62.9%
Total assets€56k▼ 13.7%€636k▲ 1,026%€637k▲ 0.2%€639k▲ 0.3%€685k▲ 7.1%
Debt€39k▼ 10.3%€615k▲ 1,482%€608k▼ 1.2%€497k▼ 18.2%€453k▼ 8.8%
Working capital€16k▼ 29.3%€-248k€-298k▼ 20.2%€-242k▲ 18.8%€-225k▲ 6.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €685k
Fixed assets
€644k ▲ 7.1%
Current assets
€41k ▲ 7.3%
Equity and liabilities €685k
Equity
€231k ▲ 62.9%
Debt
€453k ▼ 8.8%
Debt's share of the balance-sheet total falls from 77.8% to 66.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28k▼
2024 · €38k
Cash flow
€95k▲
2024 · €80k
Current ratio
0.15▲
2024 · 0.14
Debt to equity
1.96▼
2024 · 3.50
ROE
38.6%▼
2024 · 51.7%
ROA
13.0%▲
2024 · 11.5%
Interest coverage
4.17▲
2024 · 2.32
Debt ≤ 1 year
€267k▼
2024 · €280k
Debt > 1 year
€187k▼
2024 · €215k
Income taxes
€5k▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €9k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €7k | €6k | €5k | ▼ 13.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3k | €0 | €-3k | €0 | ▲ 100% |
| Other operating charges640/8 | €1k | €1k | €696 | €4k | €1k | ▼ 65.8% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €6k | €13k | €28k | €40k | €30k | ▼ 24.7% |
| Operating profit (loss)9901 | €-3k | €2k | €20k | €32k | €23k | ▼ 28.2% |
| Financial income75/76B | €447 | €0 | - | €63k | €78k | ▲ 23.8% |
| Recurring financial income75 | €447 | €0 | - | €63k | €78k | ▲ 23.8% |
| Financial charges65/66B | €2k | €4k | €7k | €17k | €7k | ▼ 58.7% |
| Recurring financial charges65 | €2k | €4k | €7k | €17k | €7k | ▼ 58.7% |
| Non-recurring financial charges66B | - | €222 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €-4k | €-3k | €13k | €79k | €95k | ▲ 20.0% |
| Income taxes67/77 | €181 | €-6k | €4k | €5k | €5k | ▼ 3.7% |
| Profit (loss) for the period9904 | €-5k | €3k | €9k | €73k | €89k | ▲ 21.7% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €3k | €9k | €73k | €89k | ▲ 21.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €56k | €636k | €637k | €639k | €685k | ▲ 7.1% |
| Fixed assets21/28 | €21k | €614k | €607k | €601k | €644k | ▲ 7.1% |
| Tangible fixed assets22/27 | €21k | €14k | €7k | €798 | €44k | ▲ 5,376% |
| Plant, machinery and equipment23 | €863 | €1k | €416 | €142 | €0 | ▼ 100% |
| Furniture and vehicles24 | €20k | €13k | €7k | €657 | €44k | ▲ 6,556% |
| Financial fixed assets28 | - | €600k | €600k | €600k | €600k | = |
| Current assets29/58 | €35k | €22k | €30k | €38k | €41k | ▲ 7.3% |
| Amounts receivable within one year40/41 | €18k | €21k | €26k | €15k | €30k | ▲ 101% |
| Trade receivables40 | €11k | €15k | €13k | €0 | - | - |
| Other amounts receivable41 | €8k | €6k | €14k | €15k | €30k | ▲ 101% |
| Current investments50/53 | €4k | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €12k | €378 | €3k | €22k | €5k | ▼ 77.6% |
| Deferred charges and accrued income490/1 | €518 | €524 | €516 | €2k | €6k | ▲ 275% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €56k | €636k | €637k | €639k | €685k | ▲ 7.1% |
| Equity10/15 | €18k | €21k | €29k | €142k | €231k | ▲ 62.9% |
| Contributions10/11 | €1k | €1k | €1k | €1k | €1k | = |
| Reserves13 | €100 | €100 | €100 | €100 | €100 | = |
| Non-distributable reserves130/1 | €100 | €100 | €0 | - | - | - |
| Reserves not available under the articles1311 | €100 | €100 | €0 | - | - | - |
| Distributable reserves133 | - | - | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €16k | €20k | €28k | €141k | €230k | ▲ 63.4% |
| Amounts payable17/49 | €39k | €615k | €608k | €497k | €453k | ▼ 8.8% |
| Amounts payable after more than one year17 | €19k | €346k | €280k | €215k | €187k | ▼ 13.2% |
| Financial debts170/4 | €19k | €346k | €280k | €215k | €187k | ▼ 13.2% |
| Amounts payable within one year42/48 | €20k | €269k | €328k | €280k | €267k | ▼ 4.7% |
| Current portion of amounts payable after more than one year42 | €6k | €65k | €66k | €65k | €69k | ▲ 5.8% |
| Financial debts43 | €0 | - | €2k | €2k | €2k | ▲ 2.0% |
| Credit institutions430/8 | €0 | - | €2k | €2k | €2k | ▲ 2.0% |
| Trade debts44 | €6k | €3k | €1k | €4k | €8k | ▲ 91.4% |
| Suppliers440/4 | €6k | €3k | €1k | €4k | €8k | ▲ 91.4% |
| Taxes, remuneration and social security45 | €5k | €4k | €6k | €3k | €545 | ▼ 79.7% |
| Taxes450/3 | €5k | €4k | €6k | €3k | €545 | ▼ 79.7% |
| Other amounts payable47/48 | €2k | €197k | €253k | €206k | €187k | ▼ 9.2% |
| Accrued charges and deferred income492/3 | €277 | €0 | €139 | €2k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €3k | €9k | €73k | €89k | ▲ 21.7% |
| + Depreciation and write-downs630 | €8k | €8k | €7k | €6k | €5k | ▼ 13.0% |
| Operating cash flow (approximation) | €4k | €11k | €16k | €80k | €95k | ▲ 19.0% |
| Investment in fixed assets (approximation) | - | €-601k | €0 | €0 | €-48k | - |
| Change in cash | - | €-12k | €3k | €18k | €-17k | ▼ 191% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-12
Financial
Highest result since 2020net €89k ▲21.7%
Net result €89k, the highest in the series.
31-12
Financial
Equity above €200kEq €231k ▲62.9%
4 profitable years in a row build equity to €231k.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
09-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 162 days late
2024
31-12
Financial
Equity above €100kEq €142k ▲385%
3 profitable years in a row build equity to €142k.
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Olen · 1 establishment unit since 2019
Ground area
886 m²
Building footprint
182 m²
Volume, LiDAR
984 m³
Parcel 13029D0444/00V000, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VTP Workx
since 20192.283.454.729
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13029D0444/00V000 | Flanders | 886 m² | 1 · 182 m² | 12.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 39,248 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
43120Site preparation
43310Plastering work
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.