Va.St
ActiveSummary
Va.St has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88,255 and a net result of €12,559. Equity is shrinking by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 52% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+17
Solvency83▲+4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 2.13 against 1.9 in 2024; short-term debt: 38.8% and cash: 78.1% of total assets), and 41.7% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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 · 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
19202122232425
2019 to 2025 · latest year €88,255
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-10-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
27 d early
2023
1 d early
2022
10 d early
2021
10 d early
2020
33 d early
2019
31 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 17 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€88,255▲ 10.2%
2024 · €80,096
Total assets
€151,468▲ 2.5%
2024 · €147,784
Net result
€12,559▲ 30.5%
2024 · €9,621
Working capital
€66,365▲ 14.8%
2024 · €57,818
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€31,749▲ 422%€24,324▼ 23.4%€22,970▼ 5.6%€25,452▲ 10.8%€27,662▲ 8.7%
Net result€17,022▲ 1,314%€13,078within the sector's middle half▼ 23.2%€11,408within the sector's middle half▼ 12.8%€9,621within the sector's middle half▼ 15.7%€12,559within the sector's middle half▲ 30.5%
Equity€146,239▲ 13.2%€159,317within the sector's middle half▲ 8.9%€70,475within the sector's middle half▼ 55.8%€80,096within the sector's middle half▲ 13.7%€88,255within the sector's middle half▲ 10.2%
Total assets€251,142▲ 9.7%€271,058within the sector's middle half▲ 7.9%€196,669within the sector's middle half▼ 27.4%€147,784within the sector's middle half▼ 24.9%€151,468within the sector's middle half▲ 2.5%
Debt€104,904▲ 5.2%€111,741▲ 6.5%€126,194▲ 12.9%€67,688▼ 46.4%€63,213▼ 6.6%
Working capital€106,997▲ 16.9%€128,300within the sector's middle half▲ 19.9%€42,096within the sector's middle half▼ 67.2%€57,818within the sector's middle half▲ 37.3%€66,365within the sector's middle half▲ 14.8%
Solvency58.2%▲ 1.8pp58.8%within the sector's middle half▲ 0.5pp35.8%within the sector's middle half▼ 22.9pp54.2%within the sector's middle half▲ 18.4pp58.3%within the sector's middle half▲ 4.1pp
Current ratio2.05▲ 0.102.18within the sector's middle half▲ 0.121.34within the sector's middle half▼ 0.841.90within the sector's middle half▲ 0.562.13within the sector's middle half▲ 0.22
Return on assets (ROA)6.8%▲ 6.3pp4.8%within the sector's middle half▼ 2.0pp5.8%within the sector's middle half▲ 1.0pp6.5%within the sector's middle half▲ 0.7pp8.3%within the sector's middle half▲ 1.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 2023 the operating result has climbed two years in a row; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €151,468
Fixed assets
€26,297 ▲ 1.0%
Current assets
€125,172 ▲ 2.8%
Equity and liabilities €151,468
Equity
€88,255 ▲ 10.2%
Debt
€63,213 ▼ 6.6%
Debt's share of the balance-sheet total falls from 45.8% to 41.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33,823▲
2024 · €30,565
Cash flow
€18,720▲
2024 · €14,735
Debt to equity
0.72▼
2024 · 0.85
ROE
14.2%▲
2024 · 12.0%
Interest coverage
6.39▲
2024 · 4.18
Debt ≤ 1 year
€58,807▼
2024 · €63,937
Income taxes
€10,070▲
2024 · €8,930
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 34,679 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,485 | €8,743 | €4,561 | €5,114 | €6,161 | ▲ 20.5% |
| Other operating charges640/8 | - | €3,378 | €4,471 | €3,301 | €2,267 | ▼ 31.3% |
| Non-recurring operating charges66A | - | - | - | - | €319 | - |
| Gross operating margin9900 | €42,918 | €36,444 | €32,002 | €33,866 | €36,409 | ▲ 7.5% |
| Operating profit (loss)9901 | €31,749 | €24,324 | €22,970 | €25,452 | €27,662 | ▲ 8.7% |
| Financial income75/76B | - | - | - | €420 | €263 | ▼ 37.3% |
| Recurring financial income75 | €1 | - | - | €420 | €263 | ▼ 37.3% |
| Financial charges65/66B | - | €3,786 | €4,246 | €7,321 | €5,296 | ▼ 27.7% |
| Recurring financial charges65 | €5,395 | €3,786 | €4,246 | €7,321 | €5,296 | ▼ 27.7% |
| Profit (loss) for the period before taxes9903 | €28,077 | €20,538 | €18,724 | €18,551 | €22,629 | ▲ 22.0% |
| Income taxes67/77 | €11,055 | €7,460 | €7,316 | €8,930 | €10,070 | ▲ 12.8% |
| Profit (loss) for the period9904 | €17,022 | €13,078 | €11,408 | €9,621 | €12,559 | ▲ 30.5% |
| Profit (loss) for the period to be appropriated9905 | €17,022 | €13,078 | €11,408 | €9,621 | €12,559 | ▲ 30.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €251,142 | €271,058 | €196,669 | €147,784 | €151,468 | ▲ 2.5% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €42,644 | €33,901 | €31,143 | €26,029 | €26,297 | ▲ 1.0% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €42,644 | €33,901 | €31,143 | €26,029 | €26,297 | ▲ 1.0% |
| Land and buildings22 | - | €32,332 | €28,330 | €24,329 | €20,327 | ▼ 16.4% |
| Plant, machinery and equipment23 | - | - | €2,210 | €1,381 | €553 | ▼ 60.0% |
| Furniture and vehicles24 | - | €1,569 | €603 | €319 | €5,417 | ▲ 1,599% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €208,499 | €237,157 | €165,526 | €121,755 | €125,172 | ▲ 2.8% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €20,096 | €8,622 | €14,855 | €1,058 | €9 | ▼ 99.1% |
| Trade receivables40 | - | €8,612 | €14,671 | €362 | - | - |
| Other amounts receivable41 | - | €10 | €184 | €696 | €9 | ▼ 98.7% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €189,439 | €226,007 | €146,891 | €116,112 | €118,311 | ▲ 1.9% |
| Deferred charges and accrued income490/1 | - | €2,528 | €3,781 | €4,585 | €6,851 | ▲ 49.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €251,142 | €271,058 | €196,669 | €147,784 | €151,468 | ▲ 2.5% |
| Equity10/15 | €146,239 | €159,317 | €70,475 | €80,096 | €88,255 | ▲ 10.2% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €133,839 | €146,917 | €58,075 | €67,696 | €75,855 | ▲ 12.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €145,057 | €56,215 | €67,696 | €75,855 | ▲ 12.1% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €104,904 | €111,741 | €126,194 | €67,688 | €63,213 | ▼ 6.6% |
| Amounts payable within one year42/48 | €101,502 | €108,856 | €123,431 | €63,937 | €58,807 | ▼ 8.0% |
| Trade debts44 | €3,396 | €3,123 | €14,831 | €4,484 | €13,593 | ▲ 203% |
| Suppliers440/4 | - | €3,123 | €14,831 | €4,484 | €13,593 | ▲ 203% |
| Taxes, remuneration and social security45 | - | €12,076 | €8,815 | €10,179 | €8,838 | ▼ 13.2% |
| Taxes450/3 | - | €12,076 | €8,815 | €10,179 | €8,838 | ▼ 13.2% |
| Other amounts payable47/48 | - | €93,657 | €99,785 | €49,274 | €36,376 | ▼ 26.2% |
| Accrued charges and deferred income492/3 | - | €2,884 | €2,764 | €3,751 | €4,406 | ▲ 17.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,022 | €13,078 | €11,408 | €9,621 | €12,559 | ▲ 30.5% |
| + Depreciation and write-downs630 | €8,485 | €8,743 | €4,561 | €5,114 | €6,161 | ▲ 20.5% |
| Operating cash flow (approximation) | €25,507 | €21,821 | €15,968 | €14,735 | €18,720 | ▲ 27.0% |
| Investment in fixed assets (approximation) | - | €0 | -€1,802 | €0 | -€6,429 | - |
| Change in cash | - | €36,568 | -€79,116 | -€30,778 | €2,199 | ▲ 107% |
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
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Equity above €150,000Eq €159,317 ▲8.9%
4 profitable years in a row build equity to €159,317.
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Highest result since 2019net €17,022 ▲1,314%
Operating result €31,749, net result €17,022, both a record.
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet €1,204 ▼63%
Net result drops to €1,204, the lowest in the series; recovery starts the following year.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
03-10
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 5 acts read
About the unread acts
We know of 5 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
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, Roeselare · 2 establishment units since 2010
Ground area
1,882 m²
Building footprint
334 m²
Volume, LiDAR
1,699 m³
2 parcels, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Va.St
since 20102.188.021.278
Va.St
since 20122.221.031.962
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36013A0535/00C000 | Flanders | 1,290 m² | 1 · 246 m² | 9.9 m · 2 fl. |
| 36013A0533/00L000 | Flanders | 592 m² | 1 · 88 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 · 300 EUR awarded · 300 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 300 EUR | 300 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 40,402 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
Founded30-04-2010
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
46180Agents specialised in the wholesale of other particular products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0825819002
Registered
27-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.