THEUNIS VASTGOED
ActiveSummary
THEUNIS VASTGOED has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €116k and a net result of €9k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+1
Solvency47▼-16
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.77 against 1.01 in 2024; short-term debt: 54.2% and cash: 36.2% of total assets), and 78.5% of the assets are financed with debt.
Credit check 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.5%
Return on assets
1.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
30 d early
2023
36 d early
2022
32 d early
2021
37 d early
2020
16 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€116k▼ 36.4%
2024 · €183k
2018: €60k
2019: €93k
2020: €120k
2021: €147k
2022: €177k
2023: €180k
2024: €183k
2018 → 2025
Total assets
€542k▲ 12.0%
2024 · €484k
2018: €402k
2019: €484k
2020: €558k
2021: €564k
2022: €563k
2023: €488k
2024: €484k
2018 → 2025
Net result
€9k▲ 132%
2024 · €4k
2018: €46k
2019: €34k
2020: €26k
2021: €28k
2022: €30k
2023: €3k
2024: €4k
2018 → 2025
Working capital
€-67k
2024 · €1k
2018: €14k
2019: €9k
2020: €90k
2021: €19k
2022: €-1k
2023: €-953
2024: €1k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€147k-€177k▲ 20.4%€180k▲ 1.5%€183k▲ 1.7%€116k▼ 36.4%
Operating result€40k-€52k▲ 31.6%€13k▼ 75.7%€13k▲ 2.5%€20k▲ 51.6%
Net result€28k-€30k▲ 8.6%€3k▼ 88.4%€4k▲ 9.6%€9k▲ 132%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 52% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €542k
Fixed assets
€315k ▼ 7.8%
Current assets
€226k ▲ 59.6%
Equity and liabilities €542k
Equity
€116k ▼ 36.4%
Provisions
€5k =
Debt
€420k ▲ 42.1%
Debt's share of the balance-sheet total rises from 61.1% to 77.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€46k▲
2024 · €40k
Cash flow
€35k▲
2024 · €31k
Current ratio
0.77▼
2024 · 1.01
Debt to equity
3.61▲
2024 · 1.62
ROE
7.6%▲
2024 · 2.1%
ROA
1.6%▲
2024 · 0.8%
Interest coverage
9.51▲
2024 · 6.55
Debt ≤ 1 year
€294k▲
2024 · €140k
Debt > 1 year
€126k▼
2024 · €155k
Income taxes
€6k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€484k€542k▲
Fixed assets21/28€342k€315k▼
Tangible fixed assets22/27€342k€315k▼
Land and buildings22€338k€314k▼
Plant, machinery and equipment23€3k€832▼
Furniture and vehicles24€831€568▼
Current assets29/58€142k€226k▲
Amounts receivable within one year40/41€76k€25k▼
Trade receivables40€60k€11k▼
Other amounts receivable41€16k€15k▼
Cash at bank and in hand54/58€62k€196k▲
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€484k€542k▲
Equity10/15€183k€116k▼
Contributions10/11€12k€12k=
Outside capital11€12k-
Other1109/19€12k-
Reserves13€171k€104k▼
Distributable reserves133€171k€104k▼
Provisions and deferred taxes16€5k€5k=
Provisions for liabilities and charges160/5€5k€5k=
Pensions and similar obligations160€5k€5k=
Amounts payable17/49€296k€420k▲
Amounts payable after more than one year17€155k€126k▼
Financial debts170/4€155k€126k▼
Amounts payable within one year42/48€140k€294k▲
Current portion of amounts payable after more than one year42€31k€30k▼
Financial debts43€6k-
Credit institutions430/8€6k-
Trade debts44€37k€18k▼
Suppliers440/4€37k€18k▼
Advances received on contracts in progress46-€212
Taxes, remuneration and social security45€10k€15k▲
Taxes450/3€9k€13k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€57k€230k▲
Accrued charges and deferred income492/3€643€519▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€27k▼
Other operating charges640/8€4k€1k▼
Gross operating margin9900€44k€47k▲
Operating profit (loss)9901€13k€20k▲
Financial income75/76B€513€471▼
Recurring financial income75€513€471▼
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€7k€15k▲
Income taxes67/77€4k€6k▲
Profit (loss) for the period9904€4k€9k▲
Profit (loss) for the period to be appropriated9905€4k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€9k▲
Transfer from equity791/2€800€75k▲
Transfer to equity691/2€4k€9k▲
To other reserves6921€4k€9k▲
Profit to be distributed694/7€800€75k▲
Return on contributions (dividend)694€800€75k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €3k ▼88.4%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €150kEq €177k ▲20.4%
5 profitable years in a row build equity to €177k.
24-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €100kEq €120k ▲28.4%
3 profitable years in a row build equity to €120k.
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-03
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
5 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, Heusden-Zolder · 1 establishment unit since 2009
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.
Koerselsebaan 213550 Heusden-ZolderGround area
637 m²
Building footprint
37 m²
Volume, LiDAR
78 m³
Parcel 71025A1426/00Z000, Flanders · tallest building 2.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Koerselsebaan 21, 3550 Heusden-Zolder
since 20092.180.434.492
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71025A1426/00Z000 | Flanders | 637 m² | 1 · 36 m² | 2.5 m · 1 fl. |
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
2022 · 1 entry · 45 EUR awarded · 45 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 45 EUR | 45 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 3,761 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-08-2009
Fiscal year end30-09
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.