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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Tight liquidity NBB
Cash and receivables cover 2 % 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 Deerlijk, company number BE0874827261, closed financial year 2025 with a result of € -2,650 after tax. For that financial year VAPA recorded a gross margin of € -1,820 and equity of € -566,887. Compared with financial year 2024, the result moved from € 10,946 to € -2,650. 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 September 30, 2026.
€ -566,887
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,650
▼ still € 10,946 profit in 2024
Profit after tax over the fiscal year.
€ 2,262
▲ 33% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -634,387.
People and assets in 2025
€ 205
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3,209
▼ 70% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,916
▲ 1% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 5,071 | € -20,816 | € 11,681 | € -1,820 | ▼ € 13,501 |
| Profit after taxes | € -56,461 | € -62,729 | € 10,946 | € -2,650 | ▼ € 13,595 |
| Equity | € -502,547 | € -565,276 | € -564,237 | € -566,887 | |
| Total debts | € 567,379 | € 621,148 | € 599,994 | € 596,094 | ▼ 1% |
| Cash | € 1,843 | € 5,270 | € 1,701 | € 2,262 | ▲ 33% |
| Land & buildings | € 8,957 | € 8,000 | € 8,000 | € 8,000 | |
| Retained profit | € -570,047 | € -632,776 | € -631,737 | € -634,387 | |
| Bank debt | € 7,337 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 64,832 | € 55,872 | € 35,757 | € 29,207 | ▼ 18% |
Key figures of VAPA, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 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 € 2,650 (▼ € 13,595 vs 2024). filed late Source: NBB ↗
- New establishment in Deerlijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 56,461 loss in 2021 to € 2,650 loss in 2025.
Best year ever: 2024, with € 10,946 profit.
Management
Behind VAPA are Kateleen Varrewaere and Mieke Pareit. The same people are also behind ELICATI.
Establishments
Establishment units
Physical locations of this company
Vichtesteenweg 145
8540 Deerlijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0874.827.261
- VAT number
- BE 0874.827.261
- Registered office
- Vichtesteenweg 145, 8540 Deerlijk
- Names & denominations
- VAPA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 July 2005
- Peppol
- Not registered
- Activities · NACE
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