DR. FLORIS VAES
ActiveSummary
DR. FLORIS VAES has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €475,009 and a net result of €155,461. Equity is growing by about 14% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €475,009
- Profit
- €155,461
Why 95raises riskLiquidity: current ratio 4.24, cash €5,019lowers riskSize: total assets €659,941Figures for financial year 2025 (filed 26-06-2026)Equity €475,009 (72.0% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 60% on solvency, 26% on liquidity, 78% on profitability and 77% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 15 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2018 to 2025net €155,461 ▲135%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 107% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96.5% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,811 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €32,410 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,126 | €23,340 | €19,669 | €18,895 | €17,690 | €4,711 | €26,634 | €25,106 | ▼ 5.7% |
| Other operating charges640/8 | - | - | - | €1,773 | €1,989 | €1,948 | €851 | €1,737 | ▲ 104% |
| Gross operating margin9900 | €36,345 | €84,546 | €125,875 | €143,483 | €99,768 | €145,205 | €114,985 | €207,672 | ▲ 80.6% |
| Operating profit (loss)9901 | €28,799 | €56,251 | €103,181 | €122,816 | €80,088 | €138,546 | €87,500 | €180,830 | ▲ 107% |
| Financial income75/76B | - | - | - | €2,043 | €2,674 | €1,615 | €11,266 | €38,763 | ▲ 244% |
| Recurring financial income75 | €86 | €555 | €1,840 | €2,043 | €2,674 | €1,615 | €11,266 | €38,763 | ▲ 244% |
| Financial charges65/66B | - | - | - | €606 | €650 | €4,717 | €5,744 | €4,016 | ▼ 30.1% |
| Recurring financial charges65 | €73 | €743 | €716 | €606 | €650 | €4,717 | €5,744 | €4,016 | ▼ 30.1% |
| Profit (loss) for the period before taxes9903 | €28,811 | €56,064 | €104,306 | €124,253 | €82,112 | €135,444 | €93,022 | €215,577 | ▲ 132% |
| Income taxes67/77 | €9,103 | €17,724 | €30,343 | €36,558 | €24,778 | €41,992 | €26,751 | €60,116 | ▲ 125% |
| Profit (loss) for the period9904 | €19,708 | €38,339 | €73,962 | €87,695 | €57,334 | €93,452 | €66,271 | €155,461 | ▲ 135% |
| Profit (loss) for the period to be appropriated9905 | €19,708 | €38,339 | €73,962 | €87,695 | €57,334 | €93,452 | €66,271 | €155,461 | ▲ 135% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €183,848 | €305,779 | €318,998 | €375,729 | €394,817 | €541,909 | €591,768 | €659,941 | ▲ 11.5% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €10,260 | €77,659 | €60,430 | €41,536 | €23,846 | €116,967 | €95,014 | €70,940 | ▼ 25.3% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €10,260 | €77,659 | €60,430 | €41,536 | €23,846 | €116,967 | €95,014 | €70,940 | ▼ 25.3% |
| Plant, machinery and equipment23 | - | - | - | €0 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €40,176 | €22,826 | €116,287 | €92,065 | €68,603 | ▼ 25.5% |
| Other tangible fixed assets26 | - | - | - | €1,360 | €1,020 | €680 | €2,949 | €2,337 | ▼ 20.8% |
| Financial fixed assets28 | €0 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €173,588 | €228,120 | €258,567 | €334,194 | €370,971 | €424,942 | €496,754 | €589,001 | ▲ 18.6% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €11,893 | €24,647 | €26,683 | €38,423 | €46,252 | €10,998 | €22,359 | €11,595 | ▼ 48.1% |
| Trade receivables40 | - | - | - | - | - | - | - | €6,635 | - |
| Other amounts receivable41 | - | - | - | €38,423 | €46,252 | €10,998 | €22,359 | €4,960 | ▼ 77.8% |
| Current investments50/53 | €126,940 | €132,443 | €132,574 | €157,574 | €214,251 | €262,102 | €354,141 | €444,897 | ▲ 25.6% |
| Cash at bank and in hand54/58 | €11,555 | €21,030 | €27,310 | €35,721 | €18,469 | €48,686 | €9,605 | €5,019 | ▼ 47.7% |
| Deferred charges and accrued income490/1 | - | - | - | €102,475 | €92,000 | €103,157 | €110,648 | €127,490 | ▲ 15.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €183,848 | €305,779 | €318,998 | €375,729 | €394,817 | €541,909 | €591,768 | €659,941 | ▲ 11.5% |
| Equity10/15 | €166,246 | €204,585 | €234,253 | €286,559 | €324,216 | €385,286 | €393,510 | €475,009 | ▲ 20.7% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €153,846 | €192,185 | €221,853 | €274,159 | €311,816 | €372,886 | €381,110 | €462,609 | ▲ 21.4% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €272,299 | €309,956 | €372,886 | €381,110 | €462,609 | ▲ 21.4% |
| Profit (loss) carried forward14 | €0 | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €17,603 | €101,194 | €84,745 | €89,171 | €70,601 | €156,624 | €198,258 | €184,932 | ▼ 6.7% |
| Amounts payable after more than one year17 | €0 | €48,793 | €33,073 | €17,217 | €6,123 | €88,823 | €67,865 | €46,096 | ▼ 32.1% |
| Financial debts170/4 | - | - | - | €17,217 | €6,123 | €88,823 | €67,865 | €46,096 | ▼ 32.1% |
| Amounts payable within one year42/48 | €9,436 | €38,954 | €37,907 | €58,506 | €49,660 | €67,792 | €130,393 | €138,836 | ▲ 6.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15,856 | €11,094 | €26,300 | €20,958 | €21,769 | ▲ 3.9% |
| Financial debts43 | - | - | - | €11,643 | €11,738 | €11,776 | €11,773 | €11,735 | ▼ 0.3% |
| Credit institutions430/8 | - | - | - | €11,643 | €11,738 | €11,776 | €11,773 | €11,735 | ▼ 0.3% |
| Trade debts44 | €248 | €2,821 | €154 | €10,998 | €1,085 | €4,301 | €1,361 | €6,068 | ▲ 346% |
| Suppliers440/4 | - | - | - | €10,998 | €1,085 | €4,301 | €1,361 | €6,068 | ▲ 346% |
| Taxes, remuneration and social security45 | - | - | - | €20,009 | €25,742 | €25,414 | €36,989 | €27,263 | ▼ 26.3% |
| Taxes450/3 | - | - | - | €20,009 | €25,742 | €25,414 | €31,084 | €27,263 | ▼ 12.3% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €5,905 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | - | - | - | €59,312 | €72,002 | ▲ 21.4% |
| Accrued charges and deferred income492/3 | - | - | - | €13,448 | €14,819 | €9 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,708 | €38,339 | €73,962 | €87,695 | €57,334 | €93,452 | €66,271 | €155,461 | ▲ 135% |
| + Depreciation and write-downs630 | €6,126 | €23,340 | €19,669 | €18,895 | €17,690 | €4,711 | €26,634 | €25,106 | ▼ 5.7% |
| Operating cash flow (approximation) | €25,834 | €61,679 | €93,632 | €106,590 | €75,024 | €98,163 | €92,905 | €180,567 | ▲ 94.4% |
| Investment in fixed assets (approximation) | - | -€90,739 | -€2,441 | €0 | €0 | -€97,832 | -€4,681 | -€1,032 | ▲ 78.0% |
| Change in cash | - | €9,475 | €6,280 | €8,412 | -€17,253 | €30,217 | -€39,080 | -€4,586 | ▲ 88.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 26-06-2026 | 2026-00216905 |
| 31-12-2024 | micro format | 17-07-2025 | 2025-00279629 |
| 31-12-2023 | micro format | 22-07-2024 | 2024-00280026 |
| 31-12-2022 | micro format | 09-10-2023 | 2023-00478166 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20349516 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-61000558 |
| 31-12-2019 | micro format | 31-08-2020 | 2020-47900187 |
| 31-12-2018 | micro format | 30-08-2019 | 2019-59700591 |
| 31-12-2017 | micro format | 28-08-2018 | 2018-52500336 |
| 31-12-2016 | micro format | 29-08-2017 | 2017-51300351 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- 05-01-2024 Capital stated in the deed · 186 shares
Group and network
Connections & network
No directors read yet: 1 of 5 Gazette acts processed.
History
Acts, filings and financial milestones
05-01
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments · MiscellaneousPower of attorney · Legal-form conversion · Capital conversion11 facts ▸
- General meeting, 05-12-2023
- Amendment of the articles (7 times)
- Power of attorney
- Other provision, “WVV-conformiteit, eerstvolgende statutenwijziging na 2020-01-01” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, EUR, “artikel 39,§2,tweede lid wet 2019-03-23” (deed in Dutch)
- Reserve release, “beschikbare eigen vermogensrekening” (deed in Dutch)
- Approval, “vrijstelling volstortingsplicht”, 6200 (deed in Dutch)
- Net-asset statement, “uitkering maakt niet negatief”, EUR (deed in Dutch)
- Other provision, “redelijkerwijs te verwachten ontwikkelingen, liquiditeitstest uitkering” (deed in Dutch)
- Capital
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72013D0178/00M000 | Flanders | 2,058 m² | 1 · 193 m² | 11.1 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Dr. Floris Vaes
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of buitenland bij enkel besluit…” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Alle effecten niet door of krachtens wet verboden, register aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Elke overdracht onder levenden ten bezwarende/kosteloze titel vrijwillig/gedwongen uitsluiting/uittreding in vruchtgebruik/blote/volle…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 15:00