VIVaP · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of VIVaP is 0.4% (very low). The 2025 annual accounts show equity of €800 and a net result of €28k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 4723 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.4% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

2 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 4723 sector peers (2025).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	09-06-2026	52 d early	2026-00150847
31-12-2024	31-07-2025	22-05-2025	70 d early	2025-00105192
31-12-2023	31-07-2024	08-08-2024	8 d late	2024-00335240
31-12-2022	31-07-2023	12-06-2023	49 d early	2023-00118720

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

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 strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€28k-27.1%

Working capital€-41k

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 09-06-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~39% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 70, Head offices & management consulting · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	0.6%	55.5%	better than 9% of 4723 sector peers
Net result	€28k	€38k	better than 41% of 4722 sector peers
Equity	€800	€64k	better than 8% of 4723 sector peers
Gross operating margin	€59k	€61k	better than 48% of 4715 sector peers
Total assets	€134k	€146k	better than 46% of 4723 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P9

Weakening position over 2022-2025 · n=4723-12464

Net result P41

Weakening position over 2022-2025 · n=4722-12466

Equity P8

Weakening position over 2022-2025 · n=4723-12472

Gross operating margin P48

Weakening position over 2022-2025 · n=4715-12452

Describes the position versus peers, not a forecast.

EBITDA

€58k

+15.4% 22-25

Net profit

€28k

-27.1% 22-25

Cash flow

€48k

+18.4% 22-25

Total assets

€134k

-4.4% 22-25

Equity

€800

-99.4% 22-25

Working capital

€-41k

- 22-25

Income taxes

€8k

-23.9% 22-25

Dividends

€154k

- 22-25

Debt

€133k

+929.7% 22-25

Debt ≤ 1y

€70k

+441.2% 22-25

Debt > 1y

€63k

- 22-25

Current ratio

0.41

-95.4% 22-25

Quick ratio

0.41

-95.4% 22-25

Solvency

0.6%

-99.3% 22-25

Debt / equity

166.05

+163265.9% 22-25

ROE

3440.2%

+11461.9% 22-25

ROA

20.6%

-23.8% 22-25

Interest coverage

17.89

-94.4% 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€58k
Net profit	€28k
Cash flow	€48k
Staff costs	-
Income taxes	€8k
Dividends	€154k
Total assets	€134k
Equity	€800
Debt	€133k
of which ≤ 1y	€70k
of which > 1y	€63k
Working capital	€-41k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	0.41
Quick ratio	0.41
Working capital ratio	-31.0%
Solvency	0.6%
Debt / equity	166.05
Long-term debt ratio	78.77
Interest coverage	17.89
Gross margin	-
Net margin	-
ROA	20.6%
ROE	3440.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €105k · 78.8% Current assets €28k · 21.2%

Equity & liabilities

Equity €800 · 0.6% Debt €133k · 99.4%

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	€134k
Fixed assets	21/28	€105k
Tangible fixed assets	22/27	€98k
Financial fixed assets	28	€8k
Current assets	29/58	€28k
Amounts receivable within one year	40/41	€16k
Cash & bank	54/58	€12k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€134k
Equity	10/15	€800
Contributions / capital	10/11	€800
Amounts payable	17/49	€133k
Amounts payable after one year	17	€63k
Amounts payable within one year	42/48	€70k
Trade debts payable within one year	44	€6k
Income statement
Gross operating margin	9900	€59k
Operating result	9901	€38k
Financial income	75	€1k
Financial charges	65	€3k
Result before taxes	9903	€36k
Income taxes	67/77	€8k
Net result for the period	9904	€28k
Result to be appropriated	9905	€28k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

40 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Connections & network

1 connected company

Group structure

THERMODUCT

Subsidiary · 1 location

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Locations & real estate

Establishment units

1 location

VIVaP

Stoofstraat 5, 2500 LierManagementsactiviteiten van holdings : tussenkomen in het dagelijks bestuur, vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal, enz.

since 20212.314.787.709

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1.9 ha

Buildings1

Building footprint472 m²

Volume (LiDAR)2,890 m³

Tallest building9.7 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels 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.
12392A0255/00B000	Flanders	1.9 ha	1 · 472 m²	9.7 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

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

53 / 100

Mixed profile: strong on profitability, weaker on solvency.

All 5 axes are computed from data Checked has read.

Health 40

Profitability 100

Solvency 0

Growth 32

Stability 94

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Credit advice

verdict per customer and amount

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Company registry

Company registry (CBE)

Crossroads Bank

Activities

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Holdings64200Activiteiten van holdings64210Adviesbureaus op het gebied van public relations en communicatie70210Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300

Primary activity highlighted.

Names & trade names

Legal nameNL

VIVaP

Registered office

Stoofstraat 5

2500 Lier, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.