VULPIS RES
ActiveSummary
VULPIS RES has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73k and a net result of €-1k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-8
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 37.59; short-term debt: 2.7% and cash: 96% of total assets), and 3.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.8%
Return on assets
-2%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-01-2026, 29 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
29 d early
2024
23 d early
2023
15 d early
2022
41 d early
2021
27 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€73k▼ 2.0%
2024 · €75k
2020: €18klowest in 6 years
2021: €64k▲ +264% vs 2020
2022: €76k▲ +19.0% vs 2021highest in 6 years
2023: €72k▼ -5.8% vs 2022
2024: €75k▲ +4.8% vs 2023
2025: €73k▼ -2.0% vs 2024
2020 → 2025
Total assets
€76k▼ 0.2%
2024 · €76k
2020: €64klowest in 6 years
2021: €110k▲ +72.3% vs 2020highest in 6 years
2022: €83k▼ -24.9% vs 2021
2023: €74k▼ -10.5% vs 2022
2024: €76k▲ +2.9% vs 2023
2025: €76k▼ -0.2% vs 2024
2020 → 2025
Net result
€-1k
2024 · €3k
2020: €-1k
2021: €46k▲ +4462% vs 2020highest in 6 years
2022: €12k▼ -73.8% vs 2021
2023: €-4k▼ -136% vs 2022lowest in 6 years
2024: €3k▲ +179% vs 2023
2025: €-1k▼ -144% vs 2024
2020 → 2025
Working capital
€74k▲ 1.4%
2024 · €73k
2020: €-13klowest in 6 years
2021: €32k▲ +350% vs 2020
2022: €51k▲ +59.9% vs 2021
2023: €59k▲ +14.5% vs 2022
2024: €73k▲ +24.1% vs 2023
2025: €74k▲ +1.4% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€64k-€76k▲ 19.0%€72k▼ 5.8%€75k▲ 4.8%€73k▼ 2.0%
2021: €64klowest in 5 years
2022: €76k▲ +19.0% vs 2021highest in 5 years
2023: €72k▼ -5.8% vs 2022
2024: €75k▲ +4.8% vs 2023
2025: €73k▼ -2.0% vs 2024
Operating result€66k-€18k▼ 73.1%€-3k€7k€-756
2021: €66khighest in 5 years
2022: €18k▼ -73.1% vs 2021
2023: €-3k▼ -118% vs 2022lowest in 5 years
2024: €7k▲ +326% vs 2023
2025: €-756▼ -111% vs 2024
Net result€46k-€12k▼ 73.8%€-4k€3k€-1k
2021: €46khighest in 5 years
2022: €12k▼ -73.8% vs 2021
2023: €-4k▼ -136% vs 2022lowest in 5 years
2024: €3k▲ +179% vs 2023
2025: €-1k▼ -144% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €756 after €7k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €76k
Equity
€73k ▼ 2.0%
Debt
€2k ▲ 132%
Debt's share of the balance-sheet total rises from 1.4% to 3.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2k▼
2024 · €18k
Cash flow
€1k▼
2024 · €14k
Current ratio
37.59
Debt to equity
0.03▲
2024 · 0.01
ROE
-2.0%▼
2024 · 4.6%
ROA
-2.0%▼
2024 · 4.5%
Interest coverage
16.79▼
2024 · 322.51
Debt ≤ 1 year
€2k▲
2024 · €656
Income taxes
€640▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€76k€76k▼
Fixed assets21/28€3k-
Tangible fixed assets22/27€3k-
Furniture and vehicles24€3k-
Current assets29/58€73k€76k▲
Amounts receivable within one year40/41€9k€3k▼
Trade receivables40€3k€3k▼
Other amounts receivable41€5k-
Cash at bank and in hand54/58€64k€73k▲
Deferred charges and accrued income490/1€458€491▲
Equity and liabilities
Total equity and liabilities10/49€76k€76k▼
Equity10/15€75k€73k▼
Contributions10/11€19k€19k=
Reserves13€57k€57k=
Distributable reserves133€57k€57k=
Profit (loss) carried forward14€-934€-2k▼
Amounts payable17/49€1k€2k▲
Amounts payable within one year42/48€656€2k▲
Trade debts44€70€450▲
Suppliers440/4€70€450▲
Taxes, remuneration and social security45€427€1k▲
Taxes450/3€427€1k▲
Other amounts payable47/48€160€496▲
Accrued charges and deferred income492/3€387€400▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€3k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€19k€3k▼
Operating profit (loss)9901€7k€-756▼
Financial income75/76B€12€3▼
Recurring financial income75€12€3▼
Financial charges65/66B€55€106▲
Recurring financial charges65€55€106▲
Profit (loss) for the period before taxes9903€7k€-859▼
Income taxes67/77€4k€640▼
Profit (loss) for the period9904€3k€-1k▼
Profit (loss) for the period to be appropriated9905€3k€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-934€-2k▼
Profit (loss) brought forward from the previous period14P€-4k€-934▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €12k | €11k | €11k | €3k | ▼ 76.3% |
| Other operating charges640/8 | - | €877 | €1k | €1k | €1k | ▲ 14.1% |
| Gross operating margin9900 | €79k | €30k | €9k | €19k | €3k | ▼ 84.3% |
| Operating profit (loss)9901 | €66k | €18k | €-3k | €7k | €-756 | ▼ 111% |
| Financial income75/76B | - | €1 | €0 | €12 | €3 | ▼ 74.8% |
| Recurring financial income75 | €0 | €1 | €0 | €12 | €3 | ▼ 74.8% |
| Financial charges65/66B | - | €365 | €62 | €55 | €106 | ▲ 91.9% |
| Recurring financial charges65 | €338 | €365 | €62 | €55 | €106 | ▲ 91.9% |
| Profit (loss) for the period before taxes9903 | €65k | €17k | €-3k | €7k | €-859 | ▼ 112% |
| Income taxes67/77 | €19k | €5k | €1k | €4k | €640 | ▼ 82.2% |
| Profit (loss) for the period9904 | €46k | €12k | €-4k | €3k | €-1k | ▼ 144% |
| Profit (loss) for the period to be appropriated9905 | €46k | €12k | €-4k | €3k | €-1k | ▼ 144% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €110k | €83k | €74k | €76k | €76k | ▼ 0.2% |
| Fixed assets21/28 | €37k | €25k | €13k | €3k | - | - |
| Tangible fixed assets22/27 | €37k | €25k | €13k | €3k | - | - |
| Furniture and vehicles24 | - | €25k | €13k | €3k | - | - |
| Current assets29/58 | €73k | €58k | €61k | €73k | €76k | ▲ 3.3% |
| Amounts receivable within one year40/41 | €65k | €26k | €18k | €9k | €3k | ▼ 70.6% |
| Trade receivables40 | - | €26k | €12k | €3k | €3k | ▼ 21.6% |
| Other amounts receivable41 | - | €313 | €6k | €5k | - | - |
| Cash at bank and in hand54/58 | €2k | €31k | €41k | €64k | €73k | ▲ 13.2% |
| Deferred charges and accrued income490/1 | - | €974 | €1k | €458 | €491 | ▲ 7.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €110k | €83k | €74k | €76k | €76k | ▼ 0.2% |
| Equity10/15 | €64k | €76k | €72k | €75k | €73k | ▼ 2.0% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €45k | €57k | €57k | €57k | €57k | = |
| Distributable reserves133 | - | €57k | €57k | €57k | €57k | = |
| Profit (loss) carried forward14 | €0 | - | €-4k | €-934 | €-2k | ▼ 160% |
| Amounts payable17/49 | €46k | €7k | €2k | €1k | €2k | ▲ 132% |
| Amounts payable after more than one year17 | €5k | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €41k | €7k | €2k | €656 | €2k | ▲ 208% |
| Current portion of amounts payable after more than one year42 | - | €5k | €0 | - | - | - |
| Trade debts44 | €608 | €1,000 | €877 | €70 | €450 | ▲ 546% |
| Suppliers440/4 | - | €1,000 | €877 | €70 | €450 | ▲ 546% |
| Taxes, remuneration and social security45 | - | €1k | €993 | €427 | €1k | ▲ 151% |
| Taxes450/3 | - | €1k | €993 | €427 | €1k | ▲ 151% |
| Other amounts payable47/48 | - | €67 | €160 | €160 | €496 | ▲ 211% |
| Accrued charges and deferred income492/3 | - | €0 | €348 | €387 | €400 | ▲ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46k | €12k | €-4k | €3k | €-1k | ▼ 144% |
| + Depreciation and write-downs630 | €12k | €12k | €11k | €11k | €3k | ▼ 76.3% |
| Operating cash flow (approximation) | €58k | €24k | €7k | €14k | €1k | ▼ 92.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €29k | €11k | €23k | €8k | ▼ 63.1% |
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
02-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
30-06
Financial
Liquidity quadruplescurrent ratio 112.07
Current ratio from 29.91 to 112.07; short-term debt falls from €2k to €656.
16-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity triplescurrent ratio 29.91
Current ratio from 8.72 to 29.91; short-term debt falls from €7k to €2k.
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Liquidity times 5current ratio 8.72
Current ratio from 1.78 to 8.72; short-term debt falls from €41k to €7k.
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €46k
Net result €46k after one loss-making year.
30-06
Financial
Liquidity triplescurrent ratio 1.78
Current ratio from 0.54 to 1.78.
05-01
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, Mechelen · 1 establishment unit since 2019
Ground area
169 m²
Building footprint
121 m²
Volume, LiDAR
953 m³
Parcel 12025C0255/00F000, Flanders · tallest building 8.6 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Vulpis Res
since 20192.287.785.085
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025C0255/00F000 | Flanders | 169 m² | 1 · 121 m² | 8.6 m · 3 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 29,993 companies in sector 62200 we hold annual accounts for 18,396. 15,552 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
Founded27-03-2019
Fiscal year end30-06
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
68110Buying and selling of own real estate
79110Travel agency activities
Contact
E-mail
mark.devos@live.comMechelen
Phone
+32475691342Mechelen
Scores and ratios are computed by Checked and are not a credit decision.