VAART
ActiveSummary
VAART has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32k and a net result of €102k. Equity is shrinking by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 22% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency45▲+8
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.12 in 2024; short-term debt: 77.8% and cash: 77.1% of total assets), and 79.7% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
20.3%
Return on assets
63.5%
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 22% of 9494 sector peers (2025).
NBB · sector comparisonPosition among 9494 sector peers
Solvency
better than 22%
← weakest
strongest →
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 · 8 filingsDeviation from the deadline
2025
1 d early
2024
36 d early
2023
35 d early
2022
52 d early
2021
24 d early
2020
4 d early
2019
28 d early
← 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
Turnover
€92k
EBIT margin
35.7%
Net result
€102k▼ 23.5%
2024 · €133k
2018: €14klowest in 8 years
2019: €33k▲ +133% vs 2018
2020: €28k▼ -16.7% vs 2019
2021: €27k▼ -0.6% vs 2020
2022: €41k▲ +50.7% vs 2021
2023: €41k▼ -0.8% vs 2022
2024: €133k▲ +226% vs 2023highest in 8 years
2025: €102k▼ -23.5% vs 2024
2018 → 2025
Working capital
€34k▲ 90.0%
2024 · €18k
2018: €24k
2019: €57k▲ +133% vs 2018
2020: €83k▲ +47.4% vs 2019highest in 8 years
2021: €44k▼ -46.9% vs 2020
2022: €38k▼ -13.4% vs 2021
2023: €43k▲ +13.2% vs 2022
2024: €18k▼ -58.8% vs 2023lowest in 8 years
2025: €34k▲ +90.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€48k-€45k▼ 5.9%€48k▲ 6.4%€21k▼ 56.5%€32k▲ 56.9%
2021: €48k
2022: €45k▼ -5.9% vs 2021
2023: €48k▲ +6.4% vs 2022highest in 5 years
2024: €21k▼ -56.5% vs 2023lowest in 5 years
2025: €32k▲ +56.9% vs 2024
Operating result€32k-€51k▲ 57.0%€51k▲ 0.2%€172k▲ 238%€131k▼ 24.1%
2021: €32klowest in 5 years
2022: €51k▲ +57.0% vs 2021
2023: €51k▲ +0.2% vs 2022
2024: €172k▲ +238% vs 2023highest in 5 years
2025: €131k▼ -24.1% vs 2024
Net result€27k-€41k▲ 50.7%€41k▼ 0.8%€133k▲ 226%€102k▼ 23.5%
2021: €27klowest in 5 years
2022: €41k▲ +50.7% vs 2021
2023: €41k▼ -0.8% vs 2022
2024: €133k▲ +226% vs 2023highest in 5 years
2025: €102k▼ -23.5% 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 falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €160k
Fixed assets
€1k ▼ 47.3%
Current assets
€159k ▼ 6.9%
Equity and liabilities €160k
Equity
€32k ▲ 56.9%
Debt
€128k ▼ 16.3%
Debt's share of the balance-sheet total falls from 88.0% to 79.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€132k▼
2024 · €174k
Cash flow
€103k▼
2024 · €135k
Current ratio
1.27▲
2024 · 1.12
Debt to equity
3.93▼
2024 · 7.36
ROE
313.3%▼
2024 · 642.7%
ROA
63.5%▼
2024 · 76.8%
Interest coverage
106.13▼
2024 · 2539.60
Debt ≤ 1 year
€125k▼
2024 · €152k
Income taxes
€28k▼
2024 · €40k
Staff costs
€2k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€173k€160k▼
Fixed assets21/28€3k€1k▼
Tangible fixed assets22/27€3k€1k▼
Plant, machinery and equipment23€1k€990▼
Furniture and vehicles24€2k€492▼
Current assets29/58€170k€159k▼
Amounts receivable after more than one year29€30k-
Other amounts receivable291€30k-
Amounts receivable within one year40/41€66k€34k▼
Trade receivables40€63k€31k▼
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€74k€123k▲
Deferred charges and accrued income490/1€994€1k▲
Equity and liabilities
Total equity and liabilities10/49€173k€160k▼
Equity10/15€21k€32k▲
Contributions10/11€19k€19k=
Reserves13€2k€14k▲
Distributable reserves133€2k€14k▲
Profit (loss) carried forward14€246€252▲
Amounts payable17/49€152k€128k▼
Amounts payable within one year42/48€152k€125k▼
Trade debts44€0€9k▲
Suppliers440/4€0€9k▲
Taxes, remuneration and social security45€24k€39k▲
Taxes450/3€22k€31k▲
Remuneration and social security454/9€3k€8k▲
Other amounts payable47/48€128k€77k▼
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Remuneration, social security and pensions62-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€630€160▼
Gross operating margin9900€175k€134k▼
Operating profit (loss)9901€172k€131k▼
Financial income75/76B€1k€501▼
Recurring financial income75€1k€501▼
Financial charges65/66B€68€1k▲
Recurring financial charges65€68€1k▲
Profit (loss) for the period before taxes9903€173k€130k▼
Income taxes67/77€40k€28k▼
Profit (loss) for the period9904€133k€102k▼
Profit (loss) for the period to be appropriated9905€133k€102k▼
Appropriation of the result
Profit (loss) to be appropriated9906€160k€102k▼
Profit (loss) brought forward from the previous period14P€27k€246▼
Transfer to equity691/2-€12k
To other reserves6921-€12k
Profit to be distributed694/7€160k€90k▼
Return on contributions (dividend)694€160k€90k▼
The notes to these accounts (8 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €91 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €2k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €2k | €2k | €1k | ▼ 34.1% |
| Other operating charges640/8 | €497 | €448 | €819 | €630 | €160 | ▼ 74.6% |
| Gross operating margin9900 | €34k | €53k | €54k | €175k | €134k | ▼ 23.4% |
| Operating profit (loss)9901 | €32k | €51k | €51k | €172k | €131k | ▼ 24.1% |
| Financial income75/76B | €2k | €1k | €1k | €1k | €501 | ▼ 50.0% |
| Recurring financial income75 | €2k | €1k | €1k | €1k | €501 | ▼ 50.0% |
| Financial charges65/66B | €52 | €38 | €43 | €68 | €1k | ▲ 1,714% |
| Recurring financial charges65 | €52 | €38 | €43 | €68 | €1k | ▲ 1,714% |
| Profit (loss) for the period before taxes9903 | €35k | €52k | €52k | €173k | €130k | ▼ 24.9% |
| Income taxes67/77 | €7k | €11k | €11k | €40k | €28k | ▼ 29.7% |
| Profit (loss) for the period9904 | €27k | €41k | €41k | €133k | €102k | ▼ 23.5% |
| Profit (loss) for the period to be appropriated9905 | €27k | €41k | €41k | €133k | €102k | ▼ 23.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51k | €87k | €92k | €173k | €160k | ▼ 7.5% |
| Fixed assets21/28 | €3k | €6k | €4k | €3k | €1k | ▼ 47.3% |
| Tangible fixed assets22/27 | €3k | €6k | €4k | €3k | €1k | ▼ 47.3% |
| Plant, machinery and equipment23 | €2k | €2k | €1k | €1k | €990 | ▼ 16.6% |
| Furniture and vehicles24 | €931 | €5k | €3k | €2k | €492 | ▼ 69.7% |
| Current assets29/58 | €48k | €81k | €88k | €170k | €159k | ▼ 6.9% |
| Amounts receivable after more than one year29 | €30k | €30k | €30k | €30k | - | - |
| Other amounts receivable291 | €30k | €30k | €30k | €30k | - | - |
| Amounts receivable within one year40/41 | €9k | €21k | €18k | €66k | €34k | ▼ 48.0% |
| Trade receivables40 | €7k | €21k | €16k | €63k | €31k | ▼ 50.2% |
| Other amounts receivable41 | €2k | €383 | €2k | €2k | €3k | ▲ 11.7% |
| Cash at bank and in hand54/58 | €10k | €30k | €39k | €74k | €123k | ▲ 67.1% |
| Deferred charges and accrued income490/1 | - | - | €925 | €994 | €1k | ▲ 20.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51k | €87k | €92k | €173k | €160k | ▼ 7.5% |
| Equity10/15 | €48k | €45k | €48k | €21k | €32k | ▲ 56.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €14k | ▲ 633% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €14k | ▲ 633% |
| Profit (loss) carried forward14 | €27k | €24k | €27k | €246 | €252 | ▲ 2.2% |
| Amounts payable17/49 | €4k | €42k | €45k | €152k | €128k | ▼ 16.3% |
| Amounts payable within one year42/48 | €4k | €42k | €45k | €152k | €125k | ▼ 18.2% |
| Trade debts44 | €3k | €108 | €2k | €0 | €9k | - |
| Suppliers440/4 | €3k | €108 | €2k | €0 | €9k | - |
| Taxes, remuneration and social security45 | €230 | €7k | €5k | €24k | €39k | ▲ 60.8% |
| Taxes450/3 | €230 | €7k | €5k | €22k | €31k | ▲ 42.7% |
| Remuneration and social security454/9 | - | - | - | €3k | €8k | ▲ 200% |
| Other amounts payable47/48 | €563 | €35k | €38k | €128k | €77k | ▼ 40.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €3k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €41k | €41k | €133k | €102k | ▼ 23.5% |
| + Depreciation and write-downs630 | €1k | €1k | €2k | €2k | €1k | ▼ 34.1% |
| Operating cash flow (approximation) | €29k | €43k | €43k | €135k | €103k | ▼ 23.7% |
| Investment in fixed assets (approximation) | - | €-5k | €0 | €-642 | €0 | ▲ 100% |
| Change in cash | - | €20k | €10k | €35k | €50k | ▲ 43.2% |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €133k ▲226%
Operating result €172k, net result €133k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Diest · 1 establishment unit since 2018
Ground area
423 m²
Building footprint
327 m²
Volume, LiDAR
3,278 m³
Parcel 24020A0777/00X000, Flanders · tallest building 15.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VAART
since 20182.271.108.312
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24020A0777/00X000 | Flanders | 423 m² | 1 · 327 m² | 15.6 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,561. 4,532 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
Founded06-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.