VAARMEESTER
ActiveVAARMEESTER has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €-2k. Equity is shrinking by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 94% of 2021 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 17.68 against 29.96 in 2024), and 5.7% 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 85
Relative position
BE, all sectors
reference
Sector 85
lower
← 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
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
94.3%
Return on assets
-37.9%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2k
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 28-04-2026, 94 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
94 d early
2024
92 d early
2023
152 d early
2022
137 d early
2021
123 d early
2020
39 d early
2019
148 d early
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€6k▼ 28.7%
2024 · €8k
2018: €17k
2019: €16k
2020: €17k
2021: €17k
2022: €14k
2023: €11k
2024: €8k
2018 → 2025
Total assets
€6k▼ 26.9%
2024 · €8k
2018: €17k
2019: €16k
2020: €17k
2021: €18k
2022: €15k
2023: €11k
2024: €8k
2018 → 2025
Net result
€-2k▲ 19.2%
2024 · €-3k
2018: €-751
2019: €-981
2020: €764
2021: €483
2022: €-3k
2023: €-4k
2024: €-3k
2018 → 2025
Working capital
€6k▼ 28.7%
2024 · €8k
2018: €17k
2019: €15k
2020: €15k
2021: €16k
2022: €14k
2023: €11k
2024: €8k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€17k-€14k▼ 16.3%€11k▼ 24.9%€8k▼ 26.2%€6k▼ 28.7%
Operating result€564-€-3k€-3k▼ 31.3%€-3k▲ 21.6%€-2k▲ 22.5%
Net result€483-€-3k€-4k▼ 27.6%€-3k▲ 21.1%€-2k▲ 19.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €3k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €6k
Equity
€6k▼ 28.7%
Debt
€341▲ 23.3%
The debt ratio rises from 3.4% to 5.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-2k▲
2024 · €-3k
Cash flow
€-2k▲
2024 · €-3k
Solvency
94.3%▼
2024 · 96.6%
Current ratio
17.68▼
2024 · 29.96
Quick ratio
17.68▼
2024 · 27.40
Debt / equity
0.06▲
2024 · 0.03
ROE
-40.2%▼
2024 · -35.5%
ROA
-37.9%▼
2024 · -34.3%
Interest coverage
-10.68▲
2024 · -17.45
Debt
€341▲
2024 · €277
Debt ≤ 1 year
€341▲
2024 · €275
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€8k€6k▼
Fixed assets21/28€0-
Tangible fixed assets22/27€0-
Furniture and vehicles24€0-
Current assets29/58€8k€6k▼
Stocks and contracts in progress3€706€0▼
Stocks30/36€706€0▼
Amounts receivable within one year40/41€662€245▼
Trade receivables40-€240
Other amounts receivable41€662€5▼
Cash at bank and in hand54/58€7k€6k▼
Deferred charges and accrued income490/1€186€274▲
Equity and liabilities
Total equity and liabilities10/49€8k€6k▼
Equity10/15€8k€6k▼
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-14k€-16k▼
Amounts payable17/49€277€341▲
Amounts payable within one year42/48€275€341▲
Trade debts44€22€147▲
Suppliers440/4€22€147▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€254€194▼
Accrued charges and deferred income492/3€1€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€142€0▼
Other operating charges640/8€513€528▲
Gross operating margin9900€-2k€-2k▲
Operating profit (loss)9901€-3k€-2k▲
Financial income75/76B€36€17▼
Recurring financial income75€36€17▼
Financial charges65/66B€147€197▲
Recurring financial charges65€147€197▲
Profit (loss) for the period before taxes9903€-3k€-2k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-3k€-2k▲
Profit (loss) for the period to be appropriated9905€-3k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-16k▼
Profit (loss) brought forward from the previous period14P€-11k€-14k▼
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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
16-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €764
Net result €764 after 2 loss-making years.
05-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Izegem · 1 establishment unit since 2006
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.
Kouterweg 1128870 IzegemGround area
893 m²
Building footprint
107 m²
Volume, LiDAR
632 m³
Parcel 36492A0218/00G006, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VAARMEESTER
since 20062.152.204.722
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36492A0218/00G006 | Flanders | 893 m² | 1 · 107 m² | 8.8 m · 2 fl. |
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.
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Of 13,462 companies in sector 85510 we hold annual accounts for 715. 460 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-02-2006
Fiscal year end31-12
Activities, NACEBEL
52482
85510Sports and recreation education
46140Agents in the wholesale of industrial machinery, ships and aircraft
47639Retail sale of other sporting goods
47640Retail trade
92622
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.