VPNK
ActiveVPNK has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50k and a net result of €21k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 29% of 11297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+23
Solvency39▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.65 in 2024; short-term debt: 31.2% and cash: 16.3% of total assets), and 85.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
14.1%
Return on assets
5.8%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-05-2026, 29 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 · 9 filingsDeviation from the deadline
2025
29 d late
2024
28 d late
2023
30 d late
2022
25 d late
2021
31 d late
2020
28 d late
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€50k▲ 3.3%
2024 · €49k
2018: €42k
2019: €69k
2020: €88k
2021: €105k
2022: €66k
2023: €95k
2024: €49k
2018 → 2025
Total assets
€356k▼ 10.8%
2024 · €399k
2018: €75k
2019: €103k
2020: €108k
2021: €406k
2022: €322k
2023: €347k
2024: €399k
2018 → 2025
Net result
€21k
2024 · €-20k
2018: €17k
2019: €26k
2020: €19k
2021: €17k
2022: €-40k
2023: €44k
2024: €-20k
2018 → 2025
Working capital
€-38k▲ 17.6%
2024 · €-47k
2018: €32k
2019: €56k
2020: €62k
2021: €2k
2022: €-29k
2023: €3k
2024: €-47k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€105k-€66k▼ 37.5%€95k▲ 44.1%€49k▼ 48.9%€50k▲ 3.3%
Operating result€27k-€-36k€53k€-17k€26k
Net result€17k-€-40k€44k€-20k€21k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €26k after a loss of €17k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €356k
Fixed assets
€284k▼ 9.7%
Current assets
€73k▼ 14.7%
Equity and liabilities €356k
Equity
€50k▲ 3.3%
Debt
€306k▼ 12.7%
The debt ratio falls from 87.8% to 85.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€61k▲
2024 · €17k
Cash flow
€56k▲
2024 · €14k
Solvency
14.1%▲
2024 · 12.2%
Current ratio
0.65▲
2024 · 0.65
Quick ratio
0.65▲
2024 · 0.65
Debt / equity
6.09▼
2024 · 7.21
ROE
41.0%▲
2024 · -42.1%
ROA
5.8%▲
2024 · -5.1%
Interest coverage
12.51▲
2024 · 4.92
Debt
€306k▼
2024 · €351k
Debt ≤ 1 year
€111k▼
2024 · €132k
Debt > 1 year
€193k▼
2024 · €219k
Income taxes
€671▲
2024 · €152
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€399k€356k▼
Fixed assets21/28€314k€284k▼
Tangible fixed assets22/27€314k€284k▼
Land and buildings22€233k€219k▼
Plant, machinery and equipment23€41k€29k▼
Furniture and vehicles24€40k€35k▼
Current assets29/58€85k€73k▼
Amounts receivable within one year40/41€56k€7k▼
Trade receivables40€56k€7k▼
Other amounts receivable41€586€6▼
Cash at bank and in hand54/58€24k€58k▲
Deferred charges and accrued income490/1€5k€7k▲
Equity and liabilities
Total equity and liabilities10/49€399k€356k▼
Equity10/15€49k€50k▲
Contributions10/11€6k€6k=
Reserves13€63k€44k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€61k€42k▼
Profit (loss) carried forward14€-20k€163▲
Amounts payable17/49€351k€306k▼
Amounts payable after more than one year17€219k€193k▼
Financial debts170/4€219k€193k▼
Amounts payable within one year42/48€132k€111k▼
Current portion of amounts payable after more than one year42€27k€27k▲
Trade debts44€45k€10k▼
Suppliers440/4€45k€10k▼
Taxes, remuneration and social security45€152€1k▲
Taxes450/3€152€1k▲
Other amounts payable47/48€60k€72k▲
Accrued charges and deferred income492/3€338€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€35k▲
Other operating charges640/8€5k€4k▼
Gross operating margin9900€22k€65k▲
Operating profit (loss)9901€-17k€26k▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€-20k€21k▲
Income taxes67/77€152€671▲
Profit (loss) for the period9904€-20k€21k▲
Profit (loss) for the period to be appropriated9905€-20k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€163▲
Profit (loss) brought forward from the previous period14P€17€-20k▼
Transfer from equity791/2€26k€19k▼
Profit to be distributed694/7€26k€19k▼
Return on contributions (dividend)694€26k€19k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
30-09
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-09
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
30-09
Financial
Liquidity doublescurrent ratio 1.04
Current ratio from 0.51 to 1.04.
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
30-09
Financial
Weakest financial yearnet €-40k ▼327%
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
Financial
Equity above €100kEq €105k ▲19.8%
4 profitable years in a row build equity to €105k.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Bouillon · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Champs Touaux,Dohan 106836 BouillonGround area
8.5 ha
Building footprint
159 m²
Volume, LiDAR
931 m³
2 parcels, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VPNK
since 20162.254.297.024
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84017B0042/00_000 | Wallonia | 8.4 ha | - | - |
| 84045B0456/00D000 | Wallonia | 1,837 m² | 1 · 159 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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CALLENS POORTEN
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IMPORBEL
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Of 1,803 companies in sector 46831 we hold annual accounts for 1,397. 630 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-06-2016
Fiscal year end30-09
Activities, NACEBEL
46831Wholesale of construction materials, general range
47522Retail trade
82300Organisation of conventions and trade shows
86210General medical practice
93299Other amusement and recreation activities
96040Personal service activities
96230Day spas, saunas and steam baths
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:vanessa.kinet@gmail.com
Phone:0475/45.53.56