Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
VAPA from Oudenaarde, company number BE0461451467, closed financial year 2025 with a result of € -2,219 after tax. For that financial year VAPA recorded a gross margin of € -1,452 and equity of € -24,214. Compared with financial year 2024, the result moved from € -1,661 to € -2,219. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 23, 2026.
€ -24,214
▼ € 2,219 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,219
▼ 34 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -30,420.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 14,191
▼ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -847 | € -1,041 | € -1,083 | € -1,452 | ▼ € 369 |
| Profit after taxes | € -862 | € -1,622 | € -1,661 | € -2,219 | ▼ € 558 |
| Equity | € -18,712 | € -20,334 | € -21,995 | € -24,214 | ▼ € 2,219 |
| Total debts | € 23,199 | € 22,052 | € 22,009 | € 24,214 | ▲ 10% |
| Retained profit | € -24,917 | € -26,540 | € -28,201 | € -30,420 | ▼ € 2,219 |
| Balance sheet total | € 4,487 | € 1,718 | € 14 | € 0 | ▼ 100% |
Key figures of VAPA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 March 2027.
What happened to VAPA?
What happened at VAPA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,219. Source: NBB ↗
- New establishment in Oudenaarde. KBO
- Start of the company according to the CBE. KBO
In short
From € 862 loss in 2022 to € 2,219 loss in 2025.
Management
Behind VAPA is Peggy Vandenheede.
Directors
According to the 2025 annual accounts
Peggy Vandenheede
Director
Establishments
Establishment units
Physical locations of this company
Omloop 46
9700 Oudenaarde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0461.451.467
- VAT number
- BE 0461.451.467
- Registered office
- Omloop 46, 9700 Oudenaarde
- Names & denominations
- VAPA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 September 1997
- Peppol
- Not registered
- Activities · NACE
Detailhandel in huismeubilair
Detailhandel in meubels
Detailhandel in huismeubilair in gespecialiseerde winkels
Schrijnwerk
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Schrijnwerk van hout of van kunststof
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2