VA.RO
ActiveSummary
VA.RO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73k and a net result of €-5k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 69% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▼-15
Solvency91▼-8
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.65 against 3.76 in 2024; short-term debt: 22.1% and cash: 0.5% of total assets), and 34.4% 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+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65.6%
Return on assets
-4.9%
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
5 d early
2023
58 d late
2022
31 d late
2021
91 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€73k▼ 34.5%
2024 · €111k
2018: €83k
2019: €94k▲ +14.1% vs 2018
2020: €115k▲ +21.6% vs 2019
2021: €129k▲ +12.2% vs 2020highest in 8 years
2022: €122k▼ -5.5% vs 2021
2023: €100k▼ -18.1% vs 2022
2024: €111k▲ +11.5% vs 2023
2025: €73k▼ -34.5% vs 2024lowest in 8 years
2018 → 2025
Total assets
€111k▼ 26.2%
2024 · €150k
2018: €110klowest in 8 years
2019: €136k▲ +23.5% vs 2018
2020: €143k▲ +5.5% vs 2019
2021: €163k▲ +13.5% vs 2020highest in 8 years
2022: €151k▼ -7.2% vs 2021
2023: €151k▼ -0.3% vs 2022
2024: €150k▼ -0.1% vs 2023
2025: €111k▼ -26.2% vs 2024
2018 → 2025
Net result
€-5k
2024 · €11k
2018: €35khighest in 8 years
2019: €12k▼ -66.4% vs 2018
2020: €20k▲ +75.0% vs 2019
2021: €14k▼ -31.5% vs 2020
2022: €-7k▼ -151% vs 2021lowest in 8 years
2023: €3k▲ +137% vs 2022
2024: €11k▲ +337% vs 2023
2025: €-5k▼ -147% vs 2024
2018 → 2025
Working capital
€16k▼ 77.5%
2024 · €71k
2018: €89k
2019: €50k▼ -43.6% vs 2018
2020: €83k▲ +65.4% vs 2019
2021: €109k▲ +31.1% vs 2020
2022: €111k▲ +2.0% vs 2021highest in 8 years
2023: €103k▼ -7.3% vs 2022
2024: €71k▼ -31.3% vs 2023
2025: €16k▼ -77.5% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€129k-€122k▼ 5.5%€100k▼ 18.1%€111k▲ 11.5%€73k▼ 34.5%
2021: €129khighest in 5 years
2022: €122k▼ -5.5% vs 2021
2023: €100k▼ -18.1% vs 2022
2024: €111k▲ +11.5% vs 2023
2025: €73k▼ -34.5% vs 2024lowest in 5 years
Operating result€24k-€-7k€7k€16k▲ 132%€-5k
2021: €24khighest in 5 years
2022: €-7k▼ -128% vs 2021lowest in 5 years
2023: €7k▲ +202% vs 2022
2024: €16k▲ +132% vs 2023
2025: €-5k▼ -130% vs 2024
Net result€14k-€-7k€3k€11k▲ 337%€-5k
2021: €14khighest in 5 years
2022: €-7k▼ -151% vs 2021lowest in 5 years
2023: €3k▲ +137% vs 2022
2024: €11k▲ +337% vs 2023
2025: €-5k▼ -147% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €16k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €111k
Fixed assets
€71k ▲ 30.1%
Current assets
€40k ▼ 58.0%
Equity and liabilities €111k
Equity
€73k ▼ 34.5%
Provisions
€14k =
Debt
€24k ▼ 4.3%
Debt's share of the balance-sheet total rises from 17.0% to 22.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8k▼
2024 · €25k
Cash flow
€8k▼
2024 · €21k
Current ratio
1.65▼
2024 · 3.76
Debt to equity
0.34▲
2024 · 0.23
ROE
-7.4%▼
2024 · 10.3%
ROA
-4.9%▼
2024 · 7.6%
Interest coverage
47.26▼
2024 · 151.10
Debt ≤ 1 year
€24k▼
2024 · €26k
Income taxes
€575▼
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€150k€111k▼
Fixed assets21/28€54k€71k▲
Tangible fixed assets22/27€54k€71k▲
Land and buildings22€0€0=
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€41k€32k▼
Leasing and similar rights25€0€0=
Other tangible fixed assets26€11k€37k▲
Current assets29/58€96k€40k▼
Amounts receivable after more than one year29€33k€33k=
Other amounts receivable291€33k€33k=
Amounts receivable within one year40/41€59k€5k▼
Trade receivables40€7k-
Other amounts receivable41€52k€5k▼
Cash at bank and in hand54/58€3k€567▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€150k€111k▼
Equity10/15€111k€73k▼
Contributions10/11€20k€20k=
Reserves13€91k€53k▼
Distributable reserves133€91k€53k▼
Provisions and deferred taxes16€14k€14k=
Provisions for liabilities and charges160/5€14k€14k=
Pensions and similar obligations160€14k€14k=
Amounts payable17/49€26k€24k▼
Amounts payable within one year42/48€26k€24k▼
Trade debts44€16k€7k▼
Suppliers440/4€16k€7k▼
Taxes, remuneration and social security45€5k€1k▼
Taxes450/3€5k€1k▼
Other amounts payable47/48€5k€17k▲
Income statement
Code20242025
Remuneration, social security and pensions62€20-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€13k▲
Other operating charges640/8€17k€2k▼
Gross operating margin9900€42k€10k▼
Operating profit (loss)9901€16k€-5k▼
Financial income75/76B€3-
Recurring financial income75€3-
Financial charges65/66B€165€177▲
Recurring financial charges65€165€177▲
Profit (loss) for the period before taxes9903€15k€-5k▼
Income taxes67/77€4k€575▼
Profit (loss) for the period9904€11k€-5k▼
Profit (loss) for the period to be appropriated9905€11k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€-5k▼
Profit (loss) brought forward from the previous period14P€-4k-
Transfer from equity791/2-€38k
Transfer to equity691/2€7k-
To other reserves6921€7k-
Profit to be distributed694/7-€33k
Return on contributions (dividend)694-€33k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €20 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €13k | €14k | €9k | €13k | ▲ 40.6% |
| Other operating charges640/8 | €3k | €3k | €3k | €17k | €2k | ▼ 89.4% |
| Gross operating margin9900 | €39k | €9k | €23k | €42k | €10k | ▼ 75.8% |
| Operating profit (loss)9901 | €24k | €-7k | €7k | €16k | €-5k | ▼ 130% |
| Financial income75/76B | €0 | €183 | €0 | €3 | - | - |
| Recurring financial income75 | €0 | €183 | €0 | €3 | - | - |
| Financial charges65/66B | €238 | €165 | €178 | €165 | €177 | ▲ 7.5% |
| Recurring financial charges65 | €238 | €165 | €178 | €165 | €177 | ▲ 7.5% |
| Profit (loss) for the period before taxes9903 | €24k | €-7k | €7k | €15k | €-5k | ▼ 131% |
| Income taxes67/77 | €10k | €478 | €4k | €4k | €575 | ▼ 85.8% |
| Profit (loss) for the period9904 | €14k | €-7k | €3k | €11k | €-5k | ▼ 147% |
| Profit (loss) for the period to be appropriated9905 | €14k | €-7k | €3k | €11k | €-5k | ▼ 147% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €163k | €151k | €151k | €150k | €111k | ▼ 26.2% |
| Fixed assets21/28 | €34k | €25k | €11k | €54k | €71k | ▲ 30.1% |
| Tangible fixed assets22/27 | €34k | €25k | €11k | €54k | €71k | ▲ 30.1% |
| Land and buildings22 | - | - | €0 | €0 | €0 | - |
| Plant, machinery and equipment23 | €1k | €4k | €3k | €3k | €2k | ▼ 38.7% |
| Furniture and vehicles24 | €28k | €15k | €3k | €41k | €32k | ▼ 22.3% |
| Leasing and similar rights25 | - | - | €0 | €0 | €0 | - |
| Other tangible fixed assets26 | €5k | €5k | €4k | €11k | €37k | ▲ 245% |
| Current assets29/58 | €129k | €126k | €140k | €96k | €40k | ▼ 58.0% |
| Amounts receivable after more than one year29 | €33k | €33k | €33k | €33k | €33k | = |
| Other amounts receivable291 | €33k | €33k | €33k | €33k | €33k | = |
| Amounts receivable within one year40/41 | €79k | €70k | €95k | €59k | €5k | ▼ 91.8% |
| Trade receivables40 | €58k | €28k | €27k | €7k | - | - |
| Other amounts receivable41 | €21k | €42k | €68k | €52k | €5k | ▼ 90.7% |
| Cash at bank and in hand54/58 | €15k | €22k | €10k | €3k | €567 | ▼ 78.1% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | €2k | €2k | ▲ 6.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €163k | €151k | €151k | €150k | €111k | ▼ 26.2% |
| Equity10/15 | €129k | €122k | €100k | €111k | €73k | ▼ 34.5% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €109k | €109k | €84k | €91k | €53k | ▼ 42.1% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €107k | €107k | €84k | €91k | €53k | ▼ 42.1% |
| Profit (loss) carried forward14 | - | €-7k | €-4k | - | - | - |
| Provisions and deferred taxes16 | €14k | €14k | €14k | €14k | €14k | = |
| Provisions for liabilities and charges160/5 | €14k | €14k | €14k | €14k | €14k | = |
| Pensions and similar obligations160 | €14k | €14k | €14k | €14k | €14k | = |
| Amounts payable17/49 | €20k | €16k | €37k | €26k | €24k | ▼ 4.3% |
| Amounts payable within one year42/48 | €20k | €16k | €37k | €26k | €24k | ▼ 4.3% |
| Current portion of amounts payable after more than one year42 | €372 | - | - | - | - | - |
| Trade debts44 | €5k | €4k | €5k | €16k | €7k | ▼ 58.7% |
| Suppliers440/4 | €5k | €4k | €5k | €16k | €7k | ▼ 58.7% |
| Taxes, remuneration and social security45 | €15k | €11k | €4k | €5k | €1k | ▼ 75.6% |
| Taxes450/3 | €15k | €11k | €4k | €5k | €1k | ▼ 75.6% |
| Other amounts payable47/48 | - | - | €28k | €5k | €17k | ▲ 238% |
| Accrued charges and deferred income492/3 | - | - | €154 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €-7k | €3k | €11k | €-5k | ▼ 147% |
| + Depreciation and write-downs630 | €13k | €13k | €14k | €9k | €13k | ▲ 40.6% |
| Operating cash flow (approximation) | €27k | €6k | €16k | €21k | €8k | ▼ 63.2% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €-53k | €-29k | ▲ 44.3% |
| Change in cash | - | €6k | €-11k | €-8k | €-2k | ▲ 74.1% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €111k ▲11.5%
2 profitable years in a row build equity to €111k.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 91 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 6.60
Current ratio from 2.89 to 6.60; short-term debt falls from €26k to €15k.
31-12
Financial
Equity above €100kEq €115k ▲21.6%
3 profitable years in a row build equity to €115k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Show earlier events
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Herselt · 1 establishment unit since 2001
Ground area
3,829 m²
Building footprint
294 m²
Volume, LiDAR
1,492 m³
Parcel 13392K0304/00W000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VA.RO
since 20012.116.574.444
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13392K0304/00W000 | Flanders | 3,829 m² | 1 · 294 m² | 8.4 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.
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Of 944 companies in sector 46231 we hold annual accounts for 421. 298 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
Founded05-02-2001
Fiscal year end31-12
Activities, NACEBEL 2025
46231Wholesale of live animals
47221Retail sale of meat and meat products, excluding game and poultry
Scores and ratios are computed by Checked and are not a credit decision.