VA-BO
ActiveSummary
VA-BO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €124,896 and a net result of €18,191. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 56% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-9
Solvency63▲+6
Growth75=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 6.65 against 8.19 in 2024; short-term debt: 6.6% and cash: 42% of total assets), but 62.5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
37.5%
Return on assets
5.5%
Age of the figures
12 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €124,896
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 08-03-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
49 d early
2023
59 d early
2022
64 d early
2021
60 d early
2020
53 d early
2019
55 d early
← 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 56 days before 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 3 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
In the rankings
#8 oldest company in Hooglede, Real estate sector
Turnover
€118,990▲ 47.8%
2023 · €80,491
EBIT margin
24.1%▲ 15.3pp
2023 · 8.8%
Net result
€18,191▼ 17.0%
2024 · €21,906
Working capital
€124,896▲ 17.0%
2024 · €106,705
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€55,790▼ 0.5%€59,022▲ 5.8%€80,491▲ 36.4%€118,990▲ 47.8%
Operating result€7,284▼ 8.1%€6,776▼ 7.0%€7,067▲ 4.3%€28,688▲ 306%€30,024▲ 4.7%
Net result€1,625within the sector's middle half▲ 512%€789within the sector's middle half▼ 51.5%€1,516within the sector's middle half▲ 92.2%€21,906within the sector's middle half▲ 1,345%€18,191within the sector's middle half▼ 17.0%
EBIT margin13.1%▼ 1.1pp11.5%▼ 1.6pp8.8%▼ 2.7pp24.1%▲ 15.3pp
Equity€82,494within the sector's middle half▲ 2.0%€83,283within the sector's middle half▲ 1.0%€84,799within the sector's middle half▲ 1.8%€106,705within the sector's middle half▲ 25.8%€124,896within the sector's middle half▲ 17.0%
Total assets€391,973within the sector's middle half▼ 4.9%€341,336within the sector's middle half▼ 12.9%€319,219within the sector's middle half▼ 6.5%€331,555within the sector's middle half▲ 3.9%€333,012within the sector's middle half▲ 0.4%
Debt€309,479▼ 6.5%€258,053▼ 16.6%€234,420▼ 9.2%€224,850▼ 4.1%€208,116▼ 7.4%
Working capital€82,494within the sector's middle half▲ 2.0%€83,283within the sector's middle half▲ 1.0%€84,799within the sector's middle half▲ 1.8%€106,705within the sector's middle half▲ 25.8%€124,896above the sector's middle half▲ 17.0%
Solvency21.0%within the sector's middle half▲ 1.4pp24.4%within the sector's middle half▲ 3.4pp26.6%within the sector's middle half▲ 2.2pp32.2%within the sector's middle half▲ 5.6pp37.5%within the sector's middle half▲ 5.3pp
Current ratio4.00above the sector's middle half▼ 0.228.19above the sector's middle half6.65above the sector's middle half▼ 1.54
Return on assets (ROA)0.4%within the sector's middle half▲ 0.4pp0.2%within the sector's middle half▼ 0.2pp0.5%within the sector's middle half▲ 0.2pp6.6%within the sector's middle half▲ 6.1pp5.5%within the sector's middle half▼ 1.1pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €333,012
Fixed assets
€186,000 ▼ 11.4%
Current assets
€147,012 ▲ 20.9%
Equity and liabilities €333,012
Equity
€124,896 ▲ 17.0%
Debt
€208,116 ▼ 7.4%
Debt's share of the balance-sheet total falls from 67.8% to 62.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54,024▼
2024 · €60,476
Cash flow
€42,191▼
2024 · €53,694
Debt to equity
1.67▼
2024 · 2.11
ROE
14.6%▼
2024 · 20.5%
Interest coverage
12.63▲
2024 · 12.52
Debt ≤ 1 year
€22,116▲
2024 · €14,850
Debt > 1 year
€186,000▼
2024 · €210,000
Income taxes
€7,557▲
2024 · €1,953
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 497,340 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €55,790 | €59,022 | €80,491 | €118,990 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €25,794 | €46,819 | €55,810 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,000 | €24,000 | €24,000 | €31,788 | €24,000 | ▼ 24.5% |
| Other operating charges640/8 | - | €2,452 | €2,606 | €2,703 | €2,843 | ▲ 5.2% |
| Gross operating margin9900 | €33,566 | €33,228 | €33,673 | €63,180 | €56,867 | ▼ 10.0% |
| Operating profit (loss)9901 | €7,284 | €6,776 | €7,067 | €28,688 | €30,024 | ▲ 4.7% |
| Financial charges65/66B | - | €5,593 | €5,125 | €4,829 | €4,276 | ▼ 11.5% |
| Recurring financial charges65 | €6,048 | €5,593 | €5,125 | €4,829 | €4,276 | ▼ 11.5% |
| Profit (loss) for the period before taxes9903 | €1,236 | €1,183 | €1,942 | €23,859 | €25,748 | ▲ 7.9% |
| Income taxes67/77 | -€389 | €394 | €425 | €1,953 | €7,557 | ▲ 287% |
| Profit (loss) for the period9904 | €1,625 | €789 | €1,516 | €21,906 | €18,191 | ▼ 17.0% |
| Profit (loss) for the period to be appropriated9905 | €1,625 | €789 | €1,516 | €21,906 | €18,191 | ▼ 17.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €391,973 | €341,336 | €319,219 | €331,555 | €333,012 | ▲ 0.4% |
| Fixed assets21/28 | €282,000 | €258,000 | €234,000 | €210,000 | €186,000 | ▼ 11.4% |
| Tangible fixed assets22/27 | €282,000 | €258,000 | €234,000 | €210,000 | €186,000 | ▼ 11.4% |
| Leasing and similar rights25 | - | €258,000 | €234,000 | €210,000 | €186,000 | ▼ 11.4% |
| Current assets29/58 | €109,973 | €83,336 | €85,219 | €121,555 | €147,012 | ▲ 20.9% |
| Amounts receivable within one year40/41 | €57,843 | €60,085 | €39,629 | €19,985 | €7,126 | ▼ 64.3% |
| Trade receivables40 | - | €54,588 | €33,521 | €11,618 | €5,986 | ▼ 48.5% |
| Other amounts receivable41 | - | €5,496 | €6,109 | €8,367 | €1,140 | ▼ 86.4% |
| Cash at bank and in hand54/58 | €52,130 | €23,252 | €45,590 | €101,570 | €139,886 | ▲ 37.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €391,973 | €341,336 | €319,219 | €331,555 | €333,012 | ▲ 0.4% |
| Equity10/15 | €82,494 | €83,283 | €84,799 | €106,705 | €124,896 | ▲ 17.0% |
| Contributions10/11 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Outside capital11 | - | €62,000 | - | - | - | - |
| Other1109/19 | - | €62,000 | - | - | - | - |
| Reserves13 | €20,494 | €21,283 | €22,799 | €44,705 | €62,896 | ▲ 40.7% |
| Non-distributable reserves130/1 | - | €6,200 | - | - | - | - |
| Reserves not available under the articles1311 | - | €6,200 | - | - | - | - |
| Distributable reserves133 | - | €15,083 | €22,799 | €44,705 | €62,896 | ▲ 40.7% |
| Amounts payable17/49 | €309,479 | €258,053 | €234,420 | €224,850 | €208,116 | ▼ 7.4% |
| Amounts payable after more than one year17 | €282,000 | €258,000 | €234,000 | €210,000 | €186,000 | ▼ 11.4% |
| Financial debts170/4 | - | €258,000 | €234,000 | €210,000 | €186,000 | ▼ 11.4% |
| Amounts payable within one year42/48 | €27,479 | €53 | €420 | €14,850 | €22,116 | ▲ 48.9% |
| Trade debts44 | €60 | €1 | €420 | €14,850 | €22,019 | ▲ 48.3% |
| Suppliers440/4 | - | €1 | €420 | €14,850 | €22,019 | ▲ 48.3% |
| Taxes, remuneration and social security45 | - | €52 | - | - | €97 | - |
| Remuneration and social security454/9 | - | €52 | - | - | €97 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,625 | €789 | €1,516 | €21,906 | €18,191 | ▼ 17.0% |
| + Depreciation and write-downs630 | €24,000 | €24,000 | €24,000 | €31,788 | €24,000 | ▼ 24.5% |
| Operating cash flow (approximation) | €25,625 | €24,789 | €25,516 | €53,694 | €42,191 | ▼ 21.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€7,788 | €0 | ▲ 100% |
| Change in cash | - | -€28,878 | €22,338 | €55,980 | €38,317 | ▼ 31.6% |
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
08-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €21,906 ▲1,345%
Net result €21,906, the highest in the series.
30-09
Financial
Equity above €100,000Eq €106,705 ▲25.8%
6 profitable years in a row build equity to €106,705.
02-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity times 389current ratio 1558.56
Current ratio from 4.00 to 1558.56; short-term debt falls from €27,479 to €53.
01-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €722
Net result €722 after one loss-making year.
25-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-03
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.
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
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, Hooglede · 1 establishment unit since 1998
Ground area
614 m²
Building footprint
167 m²
Volume, LiDAR
841 m³
Parcel 36005B0563/00K002, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VABO
since 19982.088.459.587
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36005B0563/00K002 | Flanders | 614 m² | 1 · 167 m² | 6.8 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
9845009C51EZD7GBAS73
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Of 9,144 companies in sector 68201 we hold annual accounts for 6,775. 4,414 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-09-1998
Fiscal year end30-09
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464160737
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.