VAARTDIJK
ActiveVAARTDIJK has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.47M and a net result of €-264k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 41% of 9114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability16▼-29
Solvency47▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 3.01 against 1.08 in 2024; short-term debt: 25.6% and cash: 8.5% of total assets), but 77.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
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
22.3%
Return on assets
-2.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 10 filingsDeviation from the deadline
2025
25 d late
2024
22 d late
2023
55 d late
2022
42 d late
2021
37 d late
2020
86 d late
2019
24 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.47M▼ 9.6%
2024 · €2.73M
2018: €2.09M
2019: €1.82M
2020: €1.59M
2021: €2.29M
2022: €2.28M
2023: €3.07M
2024: €2.73M
2018 → 2025
Total assets
€11.09M▼ 4.2%
2024 · €11.58M
2018: €6.24M
2019: €6.87M
2020: €8.15M
2021: €8.40M
2022: €9.43M
2023: €13.13M
2024: €11.58M
2018 → 2025
Net result
€-264k
2024 · €280k
2018: €25k
2019: €63k
2020: €-210k
2021: €811k
2022: €107k
2023: €796k
2024: €280k
2018 → 2025
Working capital
€5.71M▲ 2,595%
2024 · €212k
2018: €-223k
2019: €-22k
2020: €259k
2021: €-566k
2022: €-3.53M
2023: €-1.09M
2024: €212k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.29M-€2.28M▼ 0.2%€3.07M▲ 34.7%€2.73M▼ 11.0%€2.47M▼ 9.6%
Operating result€1.30M-€303k▼ 76.8%€1.34M▲ 343%€705k▼ 47.5%€-154k
Net result€811k-€107k▼ 86.8%€796k▲ 644%€280k▼ 64.8%€-264k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €154k after €705k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.09M
Fixed assets
€2.54M▼ 70.5%
Current assets
€8.55M▲ 189%
Equity and liabilities €11.09M
Equity
€2.47M▼ 9.6%
Provisions
€240k▼ 1.6%
Debt
€8.38M▼ 2.6%
The debt ratio rises from 74.3% to 75.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-49k▼
2024 · €804k
Cash flow
€-159k▼
2024 · €379k
Solvency
22.3%▼
2024 · 23.6%
Current ratio
3.01▲
2024 · 1.08
Quick ratio
0.42▼
2024 · 1.06
Debt / equity
3.40▲
2024 · 3.15
ROE
-10.7%▼
2024 · 10.3%
ROA
-2.4%▼
2024 · 2.4%
Interest coverage
-0.35▼
2024 · 2.83
Debt
€8.38M▼
2024 · €8.61M
Debt ≤ 1 year
€2.84M▲
2024 · €2.75M
Debt > 1 year
€5.55M▼
2024 · €5.86M
Income taxes
€1k▼
2024 · €150k
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€11.58M€11.09M▼
Fixed assets21/28€8.62M€2.54M▼
Tangible fixed assets22/27€8.62M€2.54M▼
Land and buildings22€8.47M€2.40M▼
Furniture and vehicles24€119k€113k▼
Other tangible fixed assets26€26k€26k▼
Current assets29/58€2.96M€8.55M▲
Stocks and contracts in progress3€44k€7.36M▲
Stocks30/36€44k€7.36M▲
Amounts receivable within one year40/41€200k€250k▲
Trade receivables40€175k€225k▲
Other amounts receivable41€25k€25k=
Current investments50/53€2.50M-
Cash at bank and in hand54/58€219k€940k▲
Equity and liabilities
Total equity and liabilities10/49€11.58M€11.09M▼
Equity10/15€2.73M€2.47M▼
Contributions10/11€50k€50k=
Reserves13€2.68M€2.67M▼
Tax-exempt reserves132€731k€720k▼
Distributable reserves133€1.95M€1.95M=
Profit (loss) carried forward14€3k€-248k▼
Provisions and deferred taxes16€244k€240k▼
Deferred taxes168€244k€240k▼
Amounts payable17/49€8.61M€8.38M▼
Amounts payable after more than one year17€5.86M€5.55M▼
Financial debts170/4€5.86M€5.55M▼
Amounts payable within one year42/48€2.75M€2.84M▲
Trade debts44€163k€44k▼
Suppliers440/4€163k€44k▼
Taxes, remuneration and social security45€71k€78k▲
Taxes450/3€71k€78k▲
Other amounts payable47/48€2.52M€2.71M▲
Income statement
Code20242025
Non-recurring operating income76A€1.13M-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€99k€105k▲
Other operating charges640/8€142k€47k▼
Gross operating margin9900€946k€-1k▼
Operating profit (loss)9901€705k€-154k▼
Financial income75/76B€5k€28k▲
Recurring financial income75€5k€28k▲
Financial charges65/66B€284k€141k▼
Recurring financial charges65€284k€141k▼
Profit (loss) for the period before taxes9903€426k€-266k▼
Transfer from deferred taxes780€4k€4k=
Income taxes67/77€150k€1k▼
Profit (loss) for the period9904€280k€-264k▼
Transfer from tax-exempt reserves789€12k€12k=
Profit (loss) for the period to be appropriated9905€292k€-252k▼
Appropriation of the result
Profit (loss) to be appropriated9906€296k€-248k▼
Profit (loss) brought forward from the previous period14P€3k€3k=
Transfer from equity791/2€619k-
Transfer to equity691/2€292k-
To other reserves6921€292k-
Profit to be distributed694/7€619k-
Return on contributions (dividend)694€619k-
The notes to these accounts (9 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €-264k ▼194%
Net result drops to €-264k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 3.01
Current ratio from 1.08 to 3.01.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
31-12
Financial
Liquidity quadruplescurrent ratio 1.08
Current ratio from 0.31 to 1.08.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 55 days late
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 42 days late
2022
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 37 days late
2021
31-12
Financial
Back to profitnet €811k
Net result €811k after one loss-making year.
31-12
Financial
Equity above €2MEq €2.29M ▲43.7%
Equity rises from €1.59M to €2.29M.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 86 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 68 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
27-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 149 days late
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, Lier · 1 establishment unit since 2004
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.
Aarschotsesteenweg 2842500 LierGround area
8,085 m²
Building footprint
336 m²
Volume, LiDAR
1,789 m³
Parcel 12019A0367/00F000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vaartdijk
since 20042.145.382.553
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12019A0367/00F000 | Flanders | 8,085 m² | 1 · 336 m² | 10.1 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.
Similar companies · same sector, comparable size
LUSTRE
BE 0874.298.216
Charleroi · Eq €2.47M
GROWNERS
BE 0860.002.790
Lasne · Eq €2.47M
MY BREEX
BE 0897.269.992
Gent · Eq €2.47M
BELVIEW OFFICE
BE 0842.214.574
Londerzeel · Eq €2.48M
SPIDERS
BE 0893.910.230
Brussel · Eq €2.46M
Of 7,321 companies in sector 68110 we hold annual accounts for 5,380. 2,465 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-05-1996
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
70120
70200Business and other management consultancy
70220Business consulting
71407
74142
77225Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.