Vulpis Immo
ActiveVulpis Immo has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.49M and a net result of €-69k. Equity is shrinking by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 79% of 13905 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency67▼-33
Growth58=
Stability94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days only on tighter terms
Liquidity short (current ratio 0.18 against 3.39 in 2024), and 29.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
70.9%
Return on assets
-3.3%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year -€69k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
on the day
2024
32 d early
2023
11 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.49M▼ 4.4%
2024 · €1.56M
2023: €1.58M
2024: €1.56M
2023 → 2025
Total assets
€2.11M▲ 24.1%
2024 · €1.70M
2023: €1.58M
2024: €1.70M
2023 → 2025
Net result
€-69k▼ 341%
2024 · €-16k
2023: €-147k
2024: €-16k
2023 → 2025
Working capital
€-123k
2024 · €22k
2023: €37k
2024: €22k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€1.58M-€1.56M▼ 1.0%€1.49M▼ 4.4%
Operating result€-147k-€-15k▲ 89.8%€-56k▼ 270%
Net result€-147k-€-16k▲ 89.3%€-69k▼ 341%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €56k in 2025 against €15k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.11M
Fixed assets
€2.08M▲ 24.8%
Current assets
€27k▼ 11.4%
Equity and liabilities €2.11M
Equity
€1.49M▼ 4.4%
Debt
€612k▲ 359%
The debt ratio rises from 7.9% to 29.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€38k▲
2024 · €26k
Cash flow
€24k▼
2024 · €25k
Solvency
70.9%▼
2024 · 92.1%
Current ratio
0.18▼
2024 · 3.39
Quick ratio
0.18▼
2024 · 3.39
Debt / equity
0.41▲
2024 · 0.09
ROE
-4.6%▼
2024 · -1.0%
ROA
-3.3%▼
2024 · -0.9%
Interest coverage
2.78▼
2024 · 39.43
Debt
€612k▲
2024 · €133k
Debt ≤ 1 year
€150k▲
2024 · €9k
Debt > 1 year
€449k▲
2024 · €123k
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€1.70M€2.11M▲
Fixed assets21/28€1.67M€2.08M▲
Tangible fixed assets22/27€1.67M€2.08M▲
Land and buildings22€1.66M€2.08M▲
Plant, machinery and equipment23€1k€975▼
Current assets29/58€31k€27k▼
Cash at bank and in hand54/58€30k€27k▼
Deferred charges and accrued income490/1€105€110▲
Equity and liabilities
Total equity and liabilities10/49€1.70M€2.11M▲
Equity10/15€1.56M€1.49M▼
Contributions10/11€1.73M€1.73M=
Profit (loss) carried forward14€-163k€-232k▼
Amounts payable17/49€133k€612k▲
Amounts payable after more than one year17€123k€449k▲
Financial debts170/4€123k€449k▲
Amounts payable within one year42/48€9k€150k▲
Current portion of amounts payable after more than one year42€7k€26k▲
Trade debts44€2k€8k▲
Suppliers440/4€2k€8k▲
Other amounts payable47/48€274€116k▲
Accrued charges and deferred income492/3€1k€13k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€94k▲
Other operating charges640/8€6k€8k▲
Gross operating margin9900€32k€46k▲
Operating profit (loss)9901€-15k€-56k▼
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€660€14k▲
Recurring financial charges65€660€14k▲
Profit (loss) for the period before taxes9903€-16k€-69k▼
Profit (loss) for the period9904€-16k€-69k▼
Profit (loss) for the period to be appropriated9905€-16k€-69k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-163k€-232k▼
Profit (loss) brought forward from the previous period14P€-147k€-163k▼
The notes to these accounts (10 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Bonheiden · 1 establishment unit since 2023
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.
Brakelberglei 182820 BonheidenGround area
1,649 m²
Building footprint
165 m²
Volume, LiDAR
956 m³
Parcel 12031C0073/00M000, Flanders · tallest building 15.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vulpis Immo
since 20232.343.074.095
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031C0073/00M000 | Flanders | 1,649 m² | 1 · 165 m² | 15.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Samet Infra
BE 0809.848.347
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IMMO KOKS
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CORPACK - IMMO
BE 0465.754.210
Beveren-Kruibeke-Zwijndrecht · Eq €1.50M
DIMACO INVEST
BE 0535.569.860
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A'del Groep
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Gent · Eq €1.49M
Of 9,093 companies in sector 68201 we hold annual accounts for 6,724. 4,543 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-02-2023
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.