V.A. Resources
ActiveSummary
V.A. Resources has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €206,732 and a net result of €74,845. Equity is growing by ~48% per year across the filed fiscal years. Its solvency ranks better than 67% of 14462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+15
Solvency77▲+27
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 1.89 against 1.5 in 2024; short-term debt: 39.3% and cash: 17.2% of total assets), and 47.9% of the assets are financed with debt.
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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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
52.1%
Return on assets
18.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-05-2026, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 d early
2024
22 d early
2023
22 d early
2022
30 d late
2021
24 d late
2020
31 d late
2019
182 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 10 July (5 of the last 5 filed years within 51 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€206,732▲ 56.7%
2024 · €131,887
Total assets
€396,998▼ 24.5%
2024 · €526,111
Net result
€74,845▲ 63.4%
2024 · €45,810
Working capital
€138,950▲ 0.1%
2024 · €138,859
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€115,822▲ 28.4%€160,101▲ 38.2%€88,529▼ 44.7%€62,891▼ 29.0%€108,427▲ 72.4%
Net result€97,939within the sector's middle half▲ 42.8%€150,082above the sector's middle half▲ 53.2%€79,206above the sector's middle half▼ 47.2%€45,810above the sector's middle half▼ 42.2%€74,845above the sector's middle half▲ 63.4%
Equity-€143,211below the sector's middle half▲ 40.6%€6,870below the sector's middle half€86,076within the sector's middle half▲ 1,153%€131,887within the sector's middle half▲ 53.2%€206,732within the sector's middle half▲ 56.7%
Total assets€500,833below the sector's middle half▼ 22.5%€550,437within the sector's middle half▲ 9.9%€602,836within the sector's middle half▲ 9.5%€526,111within the sector's middle half▼ 12.7%€396,998within the sector's middle half▼ 24.5%
Debt€644,045▼ 27.4%€543,567▼ 15.6%€516,759▼ 4.9%€394,224▼ 23.7%€190,266▼ 51.7%
Working capital€77,383within the sector's middle half▲ 193%€173,403above the sector's middle half▲ 124%€151,173above the sector's middle half▼ 12.8%€138,859above the sector's middle half▼ 8.1%€138,950above the sector's middle half▲ 0.1%
Solvency-28.6%below the sector's middle half▲ 8.7pp1.2%below the sector's middle half▲ 29.8pp14.3%within the sector's middle half▲ 13.0pp25.1%within the sector's middle half▲ 10.8pp52.1%within the sector's middle half▲ 27.0pp
Current ratio1.23within the sector's middle half▲ 0.181.54within the sector's middle half▲ 0.321.45within the sector's middle half▼ 0.101.50within the sector's middle half▲ 0.051.89within the sector's middle half▲ 0.39
Return on assets (ROA)19.6%above the sector's middle half▲ 8.9pp27.3%above the sector's middle half▲ 7.7pp13.1%above the sector's middle half▼ 14.1pp8.7%above the sector's middle half▼ 4.4pp18.9%above the sector's middle half▲ 10.1pp
Staff (FTE)3.4
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 72% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €396,998
Fixed assets
€102,002 ▼ 7.1%
Current assets
€294,996 ▼ 29.1%
Equity and liabilities €396,998
Equity
€206,732 ▲ 56.7%
Debt
€190,266 ▼ 51.7%
Debt's share of the balance-sheet total falls from 74.9% to 47.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€151,939▲
2024 · €98,388
Cash flow
€118,357▲
2024 · €81,308
Debt to equity
0.92▼
2024 · 2.99
ROE
36.2%▲
2024 · 34.7%
Interest coverage
17.31▲
2024 · 5.73
Debt ≤ 1 year
€156,046▼
2024 · €277,438
Debt > 1 year
€34,219▼
2024 · €116,786
Income taxes
€25,732
Staff costs
€171,455▲
2024 · €68,596
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,341 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% | 1.0% |
| 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% 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 31,371 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,306 | - | - | - | - | - |
| Remuneration, social security and pensions62 | -€260 | €52 | €0 | €68,596 | €171,455 | ▲ 150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,990 | €24,520 | €43,687 | €35,498 | €43,512 | ▲ 22.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €9,037 | - | - | - | - | - |
| Other operating charges640/8 | €4,014 | €460 | €3,549 | €118,341 | €35,885 | ▼ 69.7% |
| Non-recurring operating charges66A | €43,961 | - | €31,824 | €0 | - | - |
| Gross operating margin9900 | €187,563 | €185,133 | €167,588 | €285,325 | €359,279 | ▲ 25.9% |
| Operating profit (loss)9901 | €115,822 | €160,101 | €88,529 | €62,891 | €108,427 | ▲ 72.4% |
| Financial income75/76B | - | - | €119 | €92 | €929 | ▲ 914% |
| Recurring financial income75 | - | - | €119 | €92 | €929 | ▲ 914% |
| Financial charges65/66B | €17,883 | €10,020 | €9,442 | €17,172 | €8,779 | ▼ 48.9% |
| Recurring financial charges65 | €17,883 | €10,020 | €9,442 | €17,172 | €8,779 | ▼ 48.9% |
| Profit (loss) for the period before taxes9903 | €97,939 | €150,082 | €79,206 | €45,810 | €100,577 | ▲ 120% |
| Income taxes67/77 | - | - | - | - | €25,732 | - |
| Profit (loss) for the period9904 | €97,939 | €150,082 | €79,206 | €45,810 | €74,845 | ▲ 63.4% |
| Profit (loss) for the period to be appropriated9905 | €97,939 | €150,082 | €79,206 | €45,810 | €74,845 | ▲ 63.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €500,833 | €550,437 | €602,836 | €526,111 | €396,998 | ▼ 24.5% |
| Fixed assets21/28 | €82,150 | €57,629 | €112,549 | €109,814 | €102,002 | ▼ 7.1% |
| Tangible fixed assets22/27 | €81,681 | €57,161 | €112,549 | €109,814 | €102,002 | ▼ 7.1% |
| Plant, machinery and equipment23 | €18,422 | €12,872 | €32,331 | €56,676 | €71,662 | ▲ 26.4% |
| Furniture and vehicles24 | €14,510 | €10,749 | €25,347 | €18,338 | €9,180 | ▼ 49.9% |
| Leasing and similar rights25 | - | - | €54,871 | €34,800 | €21,160 | ▼ 39.2% |
| Other tangible fixed assets26 | €48,749 | €33,540 | €0 | - | - | - |
| Financial fixed assets28 | €469 | €469 | €0 | - | - | - |
| Current assets29/58 | €418,684 | €492,808 | €490,286 | €416,297 | €294,996 | ▼ 29.1% |
| Stocks and contracts in progress3 | €96,892 | €72,669 | €54,502 | €27,251 | €0 | ▼ 100% |
| Stocks30/36 | €96,892 | €72,669 | €54,502 | €27,251 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €156,685 | €339,493 | €324,633 | €220,412 | €174,135 | ▼ 21.0% |
| Trade receivables40 | €149,617 | €145,617 | €145,617 | €31,793 | €0 | ▼ 100% |
| Other amounts receivable41 | €7,069 | €193,877 | €179,017 | €188,619 | €174,135 | ▼ 7.7% |
| Cash at bank and in hand54/58 | €19 | - | - | €100,094 | €68,429 | ▼ 31.6% |
| Deferred charges and accrued income490/1 | €165,087 | €80,646 | €111,151 | €68,540 | €52,432 | ▼ 23.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €500,833 | €550,437 | €602,836 | €526,111 | €396,998 | ▼ 24.5% |
| Equity10/15 | -€143,211 | €6,870 | €86,076 | €131,887 | €206,732 | ▲ 56.7% |
| Contributions10/11 | €82,000 | €82,000 | €82,000 | €82,000 | €82,000 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €49,887 | €124,732 | ▲ 150% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €49,887 | €124,732 | ▲ 150% |
| Profit (loss) carried forward14 | -€227,071 | -€76,990 | €2,216 | €0 | - | - |
| Amounts payable17/49 | €644,045 | €543,567 | €516,759 | €394,224 | €190,266 | ▼ 51.7% |
| Amounts payable after more than one year17 | €302,743 | €224,162 | €177,646 | €116,786 | €34,219 | ▼ 70.7% |
| Financial debts170/4 | €302,743 | €224,162 | €177,646 | €116,786 | €34,219 | ▼ 70.7% |
| Amounts payable within one year42/48 | €341,301 | €319,405 | €339,113 | €277,438 | €156,046 | ▼ 43.8% |
| Current portion of amounts payable after more than one year42 | €81,060 | €80,627 | €86,151 | €88,860 | €82,567 | ▼ 7.1% |
| Financial debts43 | €270 | €393 | €0 | - | - | - |
| Credit institutions430/8 | €270 | €393 | €0 | - | - | - |
| Trade debts44 | €1,234 | €2,672 | €8,715 | €14,595 | €46,905 | ▲ 221% |
| Suppliers440/4 | €1,234 | €2,672 | €8,715 | €14,595 | €46,905 | ▲ 221% |
| Taxes, remuneration and social security45 | €62,319 | €7,330 | €498 | €15,763 | €4,983 | ▼ 68.4% |
| Taxes450/3 | €1,455 | €7,330 | €498 | €13,288 | €4,983 | ▼ 62.5% |
| Remuneration and social security454/9 | €60,864 | - | - | €2,475 | €0 | ▼ 100% |
| Other amounts payable47/48 | €196,418 | €228,382 | €243,749 | €158,219 | €21,591 | ▼ 86.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €97,939 | €150,082 | €79,206 | €45,810 | €74,845 | ▲ 63.4% |
| + Depreciation and write-downs630 | €14,990 | €24,520 | €43,687 | €35,498 | €43,512 | ▲ 22.6% |
| Operating cash flow (approximation) | €112,929 | €174,602 | €122,893 | €81,308 | €118,357 | ▲ 45.6% |
| Investment in fixed assets (approximation) | - | €0 | -€98,607 | -€32,762 | -€35,700 | ▼ 9.0% |
| Change in cash | - | - | - | - | -€31,665 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200,000Eq €206,732 ▲56.7%
7 profitable years in a row build equity to €206,732.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100,000Eq €131,887 ▲53.2%
6 profitable years in a row build equity to €131,887.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €150,082 ▲53.2%
Operating result €160,101, net result €150,082, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 182 days late
2019
31-12
Financial
Back to profitnet €21,270
Net result €21,270 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Aarschot · 1 establishment unit since 2004
Ground area
1,371 m²
Building footprint
616 m²
Volume, LiDAR
2,303 m³
Parcel 24001C0004/00F003, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
V.A. Resources
since 20042.145.118.178
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24001C0004/00F003 | Flanders | 1,371 m² | 1 · 616 m² | 7.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,695 companies in this sector we hold annual accounts for 7,393. 5,318 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded28-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
70200Business and other management consultancy
71111Activities of building architects
77399Renting and leasing of other machinery, equipment and tangible goods
82990Other business support services
Contact
Phone
016/50 01 17Aarschot
E-invoicing
Reachable via Peppol
Peppol ID
0208:0863064527
Also
9925:BE0863064527
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.