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Summary
Conclusion
the dossier summarised in one paragraphVCP GP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (€-4k) and a net result of €-14k. Its solvency ranks better than 8% of 87 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneThis is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
Signals
1 signal · with evidenceWeak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 87 sector peers (2025).
View the sector comparison Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
2 signalsYoung company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Financials
Equity€-4k
Net result€-14k
Total assets€811k
Solvency-0.5%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 31-10-2025 with the NBB · fiscal year 2025 · verkort
Sector comparison
Fiscal year 2025 · NACE 66 · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -0.5% | 21.8% | |
| Net result | €-14k | €84k | |
| Equity | €-4k | €116k | |
| Gross operating margin | €23k | €428k | |
| Employees (FTE) | 0.0 | 5.6 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2025 |
|---|---|
| Revenue | n/a |
| EBITDA | n/a |
| Net profit | €-14k |
| Cash flow | n/a |
| Staff costs | - |
| Income taxes | €36k |
| Dividends | - |
| Total assets | €811k |
| Equity | €-4k |
| Debt | €815k |
| of which ≤ 1y | €683k |
| of which > 1y | - |
| Working capital | n/a |
| Employees (FTE) | 0.0 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | n/a |
| Quick ratio | n/a |
| Working capital ratio | n/a |
| Solvency | -0.5% |
| Debt / equity | n/a |
| Long-term debt ratio | n/a |
| Interest coverage | n/a |
| Gross margin | n/a |
| Net margin | n/a |
| ROA | -1.7% |
| ROE | 365.0% |
| EBITDA margin | n/a |
| Days sales outstanding | n/a |
| Days payable outstanding | n/a |
| Inventory turnover | n/a |
| Days inventory (DSI) | n/a |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €811k |
| Fixed assets | 21/28 | €12k |
| Financial fixed assets | 28 | €12k |
| Current assets | 29/58 | €800k |
| Amounts receivable within one year | 40/41 | €728k |
| Cash & bank | 54/58 | €47k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €811k |
| Equity | 10/15 | €-4k |
| Contributions / capital | 10/11 | €10k |
| Accumulated profits (losses) | 14 | €-14k |
| Amounts payable | 17/49 | €815k |
| Amounts payable within one year | 42/48 | €683k |
| Trade debts payable within one year | 44 | €624k |
| Income statement | ||
| Gross operating margin | 9900 | €23k |
| Operating result | 9901 | €23k |
| Financial income | 75 | €12 |
| Financial charges | 65 | €437 |
| Result before taxes | 9903 | €22k |
| Income taxes | 67/77 | €36k |
| Net result for the period | 9904 | €-14k |
| Result to be appropriated | 9905 | €-14k |
Ratios computed by Checked.
Health barometer
FY 2025 · computedModel not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.
Structure & network
Connections & network
22 connected companiesGroup structure
Subsidiary · 2 subsidiaries · 1 location
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Subsidiary · 1 location
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Subsidiary · 1 location
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Subsidiary · 1 location
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Subsidiary · 6 locations
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Subsidiary · 2 subsidiaries · 6 locations
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Subsidiary · 1 location
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Subsidiary · 1 subsidiary · 1 location
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Subsidiary · 2 locations
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Subsidiary · 1 location
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Subsidiary · 1 location
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Subsidiary · 1 location
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Subsidiary · 1 location
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Subsidiary · 1 location
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Subsidiary · 2 subsidiaries · 1 location
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Subsidiary · 1 location
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Subsidiary · 1 location
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Subsidiary · 1 location
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Subsidiary · 1 location
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Subsidiary · 3 subsidiaries · 1 location
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Subsidiary · 1 location
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Subsidiary · 2 subsidiaries · 1 location
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Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
on the map · from the address register
seat.Municipality
exact location from the address register
Establishment units
1 locationVCP GP
since 20232.351.277.129
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.5 ha
Buildings1
Building footprint2,292 m²
Volume (LiDAR)13,279 m³
Tallest building11.7 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45055A1179/00E000 | Flanders | 1.5 ha | 1 · 2,292 m² | 11.7 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
6 acts Company purpose
De vennootschap heeft als voorwerp voor eigen rekening, voor rekening van derden of in deelneming met derden, prestaties te verrichten die rechtstreeks of onrechtstreeks betrekking hebben op: - Elektrotechnische installaties; ... [full purpose text as printed in Article 3]
Per act of 04-08-2026
Capital history · 4
29-05-2026
Founding capital: amount: 7000000, currency: EUR
20-04-2026
Capital increase: new_shares: 1500, share_type: zonder nominale waarde
15-04-2026
Capital increase: amount: 12400.0, shares: 55, currency: EUR
15-04-2026
Capital increase: amount: 12400.0, shares: 55, currency: EUR
Address history · 1
29-05-2026
Registered seat: Vredestraat 59 bus 11, 8790 Waregem
All acts · 6
updated 5 days ago
2026
04-08-2026 Act object · Notarial deed · General meeting · Statute amendment
- Act object: ONTSLAGEN, BENOEMINGEN · DUPONT ELECTRO
- Publication: 04/08/2026 · DUPONT ELECTRO
- Filing: 30-07-2026 · DUPONT ELECTRO
- Notarial deed: 09-07-2026 · DUPONT ELECTRO
- General meeting: 09-07-2026 · DUPONT ELECTRO
- Statute amendment: aanname van volledig nieuwe statuten · DUPONT ELECTRO
- Purpose: De vennootschap heeft als voorwerp voor eigen rekening, voor rekening van derden of in deelneming met derden, prestaties te verrichten die rechtstreeks of onrechtstreeks betrekking hebben op: - Elektrotechnische installaties; ... [full purpose text as printed in Article 3] · DUPONT ELECTRO
- Reserve release: amount: 25.452,41, details: statutair onbeschikbare inbreng € 23.138,55 en statutair onbeschikbare reserves € 2.313,86, currency: EUR · DUPONT ELECTRO
- Officer resignation: role: bestuurder, end_date: 2026-07-09 · VYTECH GROUP NV
- Officer appointment: role: bestuurder, term: onbepaalde duur, start_date: 2026-07-09 · VYTREE
- Permanent representative · DEMEULEMEESTER Henk
- Officer appointment: role: bestuurder, term: onbepaalde duur, start_date: 2026-07-09 · VYTECH GROUP
- Permanent representative · DHAENE Bart Jeroom Cyriel
- Officer appointment: role: VCP bestuurder, term: onbepaalde duur, start_date: 2026-07-09 · VCP GP
- Permanent representative · DOCKERS Kristof
- Officer appointment: role: VCP bestuurder, term: onbepaalde duur, start_date: 2026-07-09 · VYBROS CAPITAL PARTNERS
- Permanent representative · NAUTS Stijn
- Officer appointment: role: bestuurder, term: onbepaalde duur, start_date: 2026-07-09 · SHARPIN
- Permanent representative · SABBE Christophe
- Officer appointment: role: persoon gelast met het dagelijks bestuur, term: loopt samen met mandaat als bestuurder, start_date: 2026-07-09 · VYTREE
- Officer appointment: role: persoon gelast met het dagelijks bestuur, term: loopt samen met mandaat als bestuurder, start_date: 2026-07-09 · SHARPIN
- Power of attorney: lasthebber ad hoc ... om over de fondsen te beschikken, alle documenten te ondertekenen en alle nodige formaliteiten te vervullen bij alle fiscale administraties ... inschrijving bij de Kruispuntbank van Ondernemingen ... UBO-register · HET FISCAAL ADVIESKANTOOR BV
- Filing representative: bijzondere volmacht voor onbepaalde duur ... neerlegging ter griffie ... publicatie in de bijlagen bij het Belgisch Staatsblad · HET FISCAAL ADVIESKANTOOR BV
- Filing representative: bijzondere volmacht voor onbepaalde duur ... neerlegging ter griffie ... publicatie in de bijlagen bij het Belgisch Staatsblad · Willem Van Lommel
Summary:
Act object · Notarial deed · General meeting · Statute amendmentNotary:
Thomas Dusselier
29-05-2026 Incorporation · Founder · Founding capital · Share distribution
- Filing: 2026-05-27 · BGVC HOLDING
- Publication: 2026-05-29 · BGVC HOLDING
- Incorporation: 2026-05-27 · BGVC HOLDING
- Founder · BGVC HOLDING
- Founder · BGVC HOLDING
- Founding capital: amount: 7000000, currency: EUR · BGVC HOLDING
- Share distribution: type: Aandelen, shares: 100 · BGVC HOLDING
- Share distribution: amount: 4900000, currency: EUR · BGVC HOLDING
- Share distribution: amount: 2100000, currency: EUR · BGVC HOLDING
- Officer appointment: role: Bestuurder, term: onbepaalde termijn · BGVC HOLDING
- Permanent representative: role: vaste vertegenwoordiger · VCP GP
- Officer appointment: role: Bestuurder, term: onbepaalde termijn · BGVC HOLDING
- Officer appointment: role: Bestuurder, term: onbepaalde termijn · BGVC HOLDING
- Officer appointment: role: voorzitter van het bestuursorgaan · BGVC HOLDING
- Mandate compensation: amount: 0, currency: EUR · BGVC HOLDING
- Mandate compensation: amount: 0, currency: EUR · BGVC HOLDING
- Mandate compensation: amount: 0, currency: EUR · BGVC HOLDING
- Auditor waiver · BGVC HOLDING
- Power of attorney · BGVC HOLDING
- Power of attorney · BGVC HOLDING
- First fiscal year: end: 2027-12-31, start: 2026-01-01 · BGVC HOLDING
- Annual meeting schedule: date: 20 juni om tien uur (10:00) · BGVC HOLDING
- Representation rule: twee Bestuurders gezamenlijk · BGVC HOLDING
- Registered seat: Vredestraat 59 bus 11, 8790 Waregem · BGVC HOLDING
- Purpose: Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; ... Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium; ... Het toestaan van leningen en kredietopeningen ... Administratie, consultancy en managementactiviteiten ... Het geven of organiseren van cursussen en opleidingen ... Het verwerven van participaties ... · BGVC HOLDING
- Notarial deed: 2026-05-27 · BGVC HOLDING
- Act object: OPRICHTING
- Power of attorney: role: medewerker Deckers notarissen · BGVC HOLDING
Summary:
Incorporation · Founder · Founding capital · Share distributionNotary:
COREMANS Ruth Tine Cyriel
20-04-2026 Act object · Notarial deed · General meeting · Share distribution
- Act object: ONTSLAGEN, BENOEMINGEN · VYTREE
- Notarial deed: 2026-03-31 · VYTREE
- Filing: 2026-04-16 · VYTREE
- Publication: 2026-04-20 · VYTREE
- General meeting: 2026-03-31 · VYTREE
- Share distribution: description: Afschaffing van soorten aandelen en herverdeling · VYTREE
- Capital increase: new_shares: 1500, share_type: zonder nominale waarde · VYTREE
- Share distribution: description: Aandeelhouderschap na verhoging · VYTREE
- Statute amendment: aanname van volledig nieuwe statuten · VYTREE
- Officer appointment: role: bestuurder, permanent_representative: DEMEULEMEESTER Henk · BUS & S
- Officer appointment: role: bestuurder, permanent_representative: DHAENE Bart Jeroom Cyriel · VYTECH GROUP
- Officer appointment: role: bestuurder, permanent_representative: DOCKERS Kristof · VCP GP
- Officer appointment: role: bestuurder, permanent_representative: NAUTS Stijn · VYBROS CAPITAL PARTNERS
- Officer appointment: role: bestuurder, permanent_representative: SABBE Christophe · SHARPIN
- Auditor mandate: end: 2028, start: 2025, decision_date: 2025-07-31, permanent_representative: Liesbet Vandenabeele · Moore Audit
- Power of attorney: scope: lasthebber ad hoc voor fiscale administraties, KBO, SVF, UBO-register, duration: onbepaalde duur · HET FISCAAL ADVIESKANTOOR BV
- Power of attorney: scope: neerlegging ter griffie en publicatie, duration: onbepaalde duur · Willem Van Lommel
- Power of attorney: scope: bekendmaking samenstelling bestuursorgaan, coördinatie statuten, neerleggingen · Thomas Dusselier
- Representation rule · VYTREE
- Annual meeting schedule: eerste vrijdag van de maand juni om 14.00 uur · VYTREE
- First fiscal year: 01-01 t/m 31-12 · VYTREE
- Governance rule: collegiaal bestuursorgaan, max 5 leden, onbepaalde duur, onbezoldigd tenzij anders beslist · VYTREE
- Purpose change: volledig nieuwe statuten · VYTREE
Summary:
Act object · Notarial deed · General meeting · Share distributionNotary:
Thomas Dusselier
15-04-2026 Act object · Notarial deed · Auditor waiver · Auditor contribution report
- Filing: 2026-01-04 · SUBMENTUM
- Act object: Fusie door overneming - aanname nieuwe statuten - ontslag en benoeming bestuurders - diversen · SUBMENTUM
- Notarial deed: 2025-12-31 · SUBMENTUM
- Auditor waiver · SUBMENTUM
- Auditor contribution report: 2025-12-30 · SUBMENTUM
- Merger: 2026-01-01 · SUBMENTUM
- Accounting effect: 2026-01-01 · SUBMENTUM
- Share distribution: shares: 55, exchange_ratio: 0,2947368421 · SUBMENTUM
- Capital increase: amount: 12400.0, shares: 55, currency: EUR · VISCON GROUP BE
- Dissolution: 2026-01-01 · SUBMENTUM
- Officer resignation: 2026-01-01 · VYTECH GROUP
- Officer resignation: 2026-01-01 · VCP GP
- Name change: VYCON · VISCON GROUP BE
- Statute amendment: Artikel 5 · VISCON GROUP BE
- Power of attorney: administratieve formaliteiten · HET FISCAAL ADVIESKANTOOR
- Power of attorney: coördinatie statuten en neerleggingen · Thomas Dusselier
- Publication: 2026-04-15
Summary:
Act object · Notarial deed · Auditor waiver · Auditor contribution reportNotary:
Thomas Dusselier
15-04-2026 Act object · Notarial deed · Auditor waiver · Auditor contribution report
- Filing: 2026-01-01 · VISCON GROUP BE
- Act object: Fusie door overneming - aanname nieuwe statuten - ontslag en benoeming bestuurders - diversen · VISCON GROUP BE
- Notarial deed: 2025-12-31 · VISCON GROUP BE
- Auditor waiver · VISCON GROUP BE
- Auditor contribution report: 2025-12-30 · Moore Audit BV
- Merger: 2026-01-01 · VISCON GROUP BE
- Share distribution: shares: 55, exchange_ratio: 0,2947368421 · VISCON GROUP BE
- Capital increase: amount: 12400.0, shares: 55, currency: EUR · VISCON GROUP BE
- Dissolution: 2026-01-01 · SUBMENTUM
- Officer resignation: 2026-01-01 · VYTECH GROUP
- Officer resignation: 2026-01-01 · VCP GP
- Name change: VYCON · VISCON GROUP BE
- Statute amendment: Artikel 5 · VISCON GROUP BE
- Power of attorney: administrative formalities · HET FISCAAL ADVIESKANTOOR
- Power of attorney: statute coordination and filing · Thomas Dusselier
- Power of attorney: execution of decisions · VISCON GROUP BE
- Publication: 2026-04-15
Summary:
Act object · Notarial deed · Auditor waiver · Auditor contribution reportNotary:
Thomas Dusselier
13-04-2026 Act object · General meeting · Auditor mandate · Permanent representative
- Act object: DIVERSEN · VYTECH GROUP
- General meeting: 2025-08-12 · VYTECH GROUP
- Auditor mandate: end: 2028, start: 2025, duration_years: 3 · Moore Audit
- Permanent representative: role: vaste vertegenwoordiger, for_mandate: commissaris · Liesbet Lien Vandenabeele
- Officer reappointment: end_year: 2031, duration_years: 6 · SUSTIMAX BV
- Officer reappointment: end_year: 2031, duration_years: 6 · VCP GP BV
- Officer reappointment: end_year: 2031, duration_years: 6 · VYBROS CAPITAL PARTNERS BV
- Permanent representative: role: vast vertegenwoordigd · Bart Dhaene
- Permanent representative: role: vast vertegenwoordigd · Stijn Nauts
- Permanent representative: role: vast vertegenwoordigd · Kristof Dockers
- Power of attorney: type: onbepaalde bijzondere volmacht, scope: neerlegging van deze besluiten op de griffie van de bevoegde ondernemingsrechtbank en publicatie in de Bijlagen bij het Belgisch Staatsblad · Willem Van Lommel
- Power of attorney: type: onbepaalde bijzondere volmacht, scope: neerlegging van deze besluiten op de griffie van de bevoegde ondernemingsrechtbank en publicatie in de Bijlagen bij het Belgisch Staatsblad · Thomas Dusselier
- Filing: 2026-04-09 · VYTECH GROUP
- Publication: 2026-04-13 · VYTECH GROUP
Summary:
Act object · General meeting · Auditor mandate · Permanent representativeNotary:
Thomas Dusselier
Analysis
Snowflake analysis
financial profile on 5 axes53
/ 100
Mixed profile: strong on profitability, weaker on health.
Health
0
Profitability
100
Solvency
48
Growth
50
Stability
67
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Primary activity highlighted.
Names & trade names
| Legal nameNL | VCP GP |
Registered office
Kleistraat (W.) 8
9790 Wortegem-Petegem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.