SOM VASTGOED
ActiveSOM VASTGOED has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €700k and a net result of €156k. Equity is growing by ~32% per year across the filed fiscal years. Its solvency ranks better than 75% of 9690 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
100
/ 100
Excellent▲ +7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency99▼-1
Growth42▼-10
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 2.69 against 3.08 in 2023), and 36.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 2024Solvency, return and age of the figures
Solvency
63.1%
Return on assets
14.1%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
64 d late
2022
7 d early
2021
5 d early
2020
11 d early
2019
7 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€960k▼ 3.4%
2022 · €994k
2022: €994k
2022 → 2024
EBIT margin
21.8%▼ 14.4pp
2022 · 36.2%
2022: 36.2%
2022 → 2024
Net result
€156k▼ 9.9%
2023 · €173k
2018: €520k
2019: €441k
2020: €235k
2021: €65k
2022: €258k
2023: €173k
2018 → 2024
Working capital
€691k▲ 40.7%
2023 · €492k
2018: €106k
2019: €141k
2020: €131k
2021: €48k
2022: €312k
2023: €492k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€994k€960k
Equity€247k-€163k▼ 34.2%€421k▲ 159%€594k▲ 41.2%€700k▲ 17.9%
Operating result€431k-€420k▼ 2.4%€360k▼ 14.4%€333k▼ 7.5%€209k▼ 37.2%
Net result€235k-€65k▼ 72.1%€258k▲ 294%€173k▼ 32.8%€156k▼ 9.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2024 is 37% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.11M
Fixed assets
€8k▼ 91.8%
Current assets
€1.10M▲ 51.2%
Equity and liabilities €1.11M
Equity
€700k▲ 17.9%
Debt
€409k▲ 72.9%
The debt ratio rises from 28.5% to 36.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€211k▼
2023 · €340k
Cash flow
€158k▼
2023 · €180k
Solvency
63.1%▼
2023 · 71.5%
Current ratio
2.69▼
2023 · 3.08
Quick ratio
2.69▼
2023 · 3.08
Debt / equity
0.58▲
2023 · 0.40
ROE
22.3%▼
2023 · 29.2%
ROA
14.1%▼
2023 · 20.9%
Interest coverage
13.19▼
2023 · 60.66
Debt
€409k▲
2023 · €237k
Debt ≤ 1 year
€409k▲
2023 · €236k
Income taxes
€64k▼
2023 · €168k
Staff costs
€66k▲
2023 · €62k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€830k€1.11M▲
Fixed assets21/28€102k€8k▼
Tangible fixed assets22/27€102k€8k▼
Furniture and vehicles24€3k€8k▲
Other tangible fixed assets26€100k-
Current assets29/58€728k€1.10M▲
Amounts receivable after more than one year29€496k-
Other amounts receivable291€496k-
Amounts receivable within one year40/41€147k€1.06M▲
Trade receivables40€103k€114k▲
Other amounts receivable41€44k€943k▲
Cash at bank and in hand54/58€76k€40k▼
Deferred charges and accrued income490/1€10k€3k▼
Equity and liabilities
Total equity and liabilities10/49€830k€1.11M▲
Equity10/15€594k€700k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€588k€694k▲
Amounts payable17/49€237k€409k▲
Amounts payable within one year42/48€236k€409k▲
Financial debts43€33k-
Credit institutions430/8€33k-
Trade debts44€34k€149k▲
Suppliers440/4€34k€149k▲
Taxes, remuneration and social security45€170k€210k▲
Taxes450/3€158k€199k▲
Remuneration and social security454/9€12k€11k▼
Other amounts payable47/48-€50k
Accrued charges and deferred income492/3€166€56▼
Income statement
Code20232024
Turnover70-€960k
Non-recurring operating income76A-€7k
Goods, raw materials, services and sundry goods60/61-€659k
Remuneration, social security and pensions62€62k€66k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€2k▼
Other operating charges640/8€2k€7k▲
Non-recurring operating charges66A-€51k
Gross operating margin9900€404k€335k▼
Operating profit (loss)9901€333k€209k▼
Financial income75/76B€14k€27k▲
Recurring financial income75€14k€27k▲
Financial charges65/66B€6k€16k▲
Recurring financial charges65€6k€16k▲
Profit (loss) for the period before taxes9903€341k€220k▼
Income taxes67/77€168k€64k▼
Profit (loss) for the period9904€173k€156k▼
Profit (loss) for the period to be appropriated9905€173k€156k▼
Appropriation of the result
Profit (loss) to be appropriated9906€588k€744k▲
Profit (loss) brought forward from the previous period14P€414k€588k▲
Profit to be distributed694/7-€50k
Return on contributions (dividend)694-€50k
Social balance
Average headcount (FTE)90871.81.8=
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 64 days late
2023
31-12
Financial
Equity above €500kEq €594k ▲41.2%
6 profitable years in a row build equity to €594k.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200kEq €421k ▲159%
5 profitable years in a row build equity to €421k.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €65k ▼72.1%
Net result drops to €65k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200kEq €262k ▲33.9%
2 profitable years in a row build equity to €262k.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Hasselt · 1 establishment unit since 2015
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.
Het Dorlik 163500 HasseltGround area
2,407 m²
Building footprint
1,027 m²
Parcel 71328D0534/00Z000, Flanders. Linked by address, not a title deed.
1 establishment unit
SOM VASTGOED
since 20152.246.653.226
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0534/00Z000 | Flanders | 2,407 m² | 1 · 1,027 m² | - |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 480 EUR awarded · 480 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 480 EUR | 480 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,633 companies in sector 68121 we hold annual accounts for 7,328. 4,338 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-10-2015
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
68310Real estate agency activities
68311Real estate activities
68312Real estate activities
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.