The long-term reliability of vacuum insulation panels (VIPs) is constrained by the barrier film degradation caused by micro-cracks during the flanging process. However, the correlation mechanism between process parameters and microleakage remains unclear. This study systematically investigates the impact of the number of flanging cycles on the barrier properties and insulation failure of aluminum foil composite film (AF) and metallized polyester film (MF). Accelerated aging tests revealed that the water vapor transmission rate (WVTR) of MF surged by 340% after five flanging cycles, while its oxygen transmission rate (OTR) increased by 22%. In contrast, AF exhibited significantly increased gas permeability due to brittle fracture of its aluminum layer. Thermal conductivity measurements demonstrated that VIPs subjected to ≥5 flanging cycles experienced a thermal conductivity increase of 5.22 mW/(m·K) after 30 days of aging, representing a 7.1-fold rise compared to unbent samples. MF primarily failed through interfacial delamination, whereas AF failed predominantly via aluminum layer fracture. This divergence stems from the substantial difference in mechanical properties between the metal and the polymer substrate. The study proposes optimizing the flanging process (≤3 bending cycles) and establishes a micro-crack propagation prediction model using X-ray computed tomography (CT). These findings provide crucial theoretical and technical foundations for enhancing VIP manufacturing precision and extending service life, holding significant practical value for energy-saving applications in construction and cryogenic fields.