Vaard
ActiveVaard has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10k and a net result of €41k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 17022 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency37▼-63
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 5.49 in 2024; short-term debt: 84.3% and cash: 32.6% of total assets), and 88.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
11.9%
Return on assets
51.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 17022 sector peers (2025).
NBB · sector comparisonPosition among 17022 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-08-2026, 15 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
15 d late
2024
30 d late
2023
57 d late
2022
41 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€10k▼ 92.0%
2024 · €119k
2022: €50k
2023: €81k
2024: €119k
2022 → 2025
Total assets
€80k▼ 46.3%
2024 · €148k
2022: €69k
2023: €110k
2024: €148k
2022 → 2025
Net result
€41k▲ 7.6%
2024 · €38k
2022: €47k
2023: €31k
2024: €38k
2022 → 2025
Working capital
€4k▼ 96.4%
2024 · €116k
2022: €45k
2023: €75k
2024: €116k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€50k-€81k▲ 62.2%€119k▲ 46.5%€10k▼ 92.0%
Operating result€59k-€41k▼ 30.6%€49k▲ 19.3%€64k▲ 31.0%
Net result€47k-€31k▼ 33.8%€38k▲ 21.3%€41k▲ 7.6%
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 31% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80k
Fixed assets
€8k▲ 38.3%
Current assets
€71k▼ 49.8%
Equity and liabilities €80k
Equity
€10k▼ 92.0%
Debt
€70k▲ 143%
The debt ratio rises from 19.5% to 88.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€68k▲
2024 · €52k
Cash flow
€44k▲
2024 · €41k
Solvency
11.9%▼
2024 · 80.5%
Current ratio
1.06▼
2024 · 5.49
Quick ratio
1.06▼
2024 · 5.49
Debt / equity
7.37▲
2024 · 0.24
ROE
428.4%▲
2024 · 31.8%
ROA
51.2%▲
2024 · 25.6%
Interest coverage
63.01▲
2024 · 42.73
Debt
€70k▲
2024 · €29k
Debt ≤ 1 year
€67k▲
2024 · €26k
Income taxes
€25k▲
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€148k€80k▼
Fixed assets21/28€6k€8k▲
Tangible fixed assets22/27€6k€8k▲
Plant, machinery and equipment23€4k€7k▲
Furniture and vehicles24€2k€1k▼
Current assets29/58€142k€71k▼
Amounts receivable within one year40/41€13k€19k▲
Trade receivables40€11k€16k▲
Other amounts receivable41€2k€2k▲
Current investments50/53€68k€17k▼
Cash at bank and in hand54/58€50k€26k▼
Deferred charges and accrued income490/1€11k€9k▼
Equity and liabilities
Total equity and liabilities10/49€148k€80k▼
Equity10/15€119k€10k▼
Contributions10/11€3k€3k=
Reserves13€116k€7k▼
Distributable reserves133€116k€7k▼
Amounts payable17/49€29k€70k▲
Amounts payable within one year42/48€26k€67k▲
Trade debts44€312€565▲
Suppliers440/4€312€565▲
Taxes, remuneration and social security45€26k€32k▲
Taxes450/3€26k€32k▲
Remuneration and social security454/9€0-
Other amounts payable47/48-€34k
Accrued charges and deferred income492/3€3k€3k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€505€720▲
Gross operating margin9900€53k€69k▲
Operating profit (loss)9901€49k€64k▲
Financial income75/76B€104€2k▲
Recurring financial income75€104€2k▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€48k€65k▲
Income taxes67/77€10k€25k▲
Profit (loss) for the period9904€38k€41k▲
Profit (loss) for the period to be appropriated9905€38k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€41k▲
Transfer from equity791/2-€116k
Transfer to equity691/2€38k€7k▼
To other reserves6921€38k€7k▼
Profit to be distributed694/7-€150k
Return on contributions (dividend)694-€150k
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
15-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 15 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Equity above €100kEq €119k ▲46.5%
3 profitable years in a row build equity to €119k.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-12
Financial
Weakest financial yearnet €31k ▼33.8%
Net result drops to €31k, the lowest in the series; recovery starts the following year.
10-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 41 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Leuven · 1 establishment unit since 2021
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.
Lange Lostraat 1523010 LeuvenGround area
1,644 m²
Parcel 24483D0135/00G000, Flanders. Linked by address, not a title deed.
1 establishment unit
Vaard
since 20212.323.338.654
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24483D0135/00G000 | Flanders | 1,644 m² | - | - |
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.
Similar companies · same sector, comparable size
NEXIOS TN
BE 0823.587.309
Vilvoorde · Eq €10k
TOMENTUM
BE 0770.568.196
Leuven · Eq €10k
Factory22
BE 0793.418.428
Retie · Eq €10k
NEXT-ITERATION
BE 1009.858.981
Brugge · Eq €9k
QUALIBRI
BE 0776.614.167
Lille · Eq €10k
Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 9,298 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-10-2021
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
47400Retail sale of information and communication equipment
47410Retail trade
62010Computer programming, consultancy and related activities
62100Computer programming
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.