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VAARTKAAI

Active
Public limited companyfounded 199234 yrs activeBisschoppenhoflei 20, 2930 Brasschaat, BelgiumKBO/BCE: BE 0448.158.014
Summary

VAARTKAAI has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.1m and a net result of -€32,157. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 68% of 11011 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
VAARTKAAIActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203NACE 70203
1 site
Size
€14.9mtotal assets 2025
Equity
€8.1m
Loss
-€32,157
Turnover not published (abridged schema)
Financial health
95 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Parent
Brass 1 · 100%
Accounts 53 d early1 of 21 deeds read
Why 95- Liquidity: current ratio 5.35, cash €308,776+ Size: total assets €14.9m+ Figures for FY 2025 (filed 10-06-2026)+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Better than 59% of its sector peers (NACE 68, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 80=
equity 54.6% of total assets
Liquidity 53+1
short-term debt 6.4% · cash 2.1%
Profitability 57+3
return on assets -0.2%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,718 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%▼ -3.3% vs 11-2024lowest value 01-2025: < 0.1%● 0.0% vs 12-2024lowest value 02-2025: < 0.1%● 0.0% vs 01-2025lowest value 03-2025: < 0.1%● 0.0% vs 02-2025lowest value 04-2025: < 0.1%▲ +6.9% vs 03-2025 05-2025: < 0.1%▲ +3.2% vs 04-2025 06-2025: < 0.1%▲ +6.3% vs 05-2025 07-2025: < 0.1%▲ +26.5% vs 06-2025 08-2025: < 0.1%● 0.0% vs 07-2025 09-2025: < 0.1%● 0.0% vs 08-2025 10-2025: < 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%▼ -2.3% vs 12-2025 02-2026: < 0.1%● 0.0% vs 01-2026 03-2026: < 0.1%▲ +2.4% vs 02-2026 04-2026: < 0.1%▲ +4.7% vs 03-2026 05-2026: < 0.1%▲ +4.4% vs 04-2026highest value 06-2026: < 0.1%▼ -2.1% vs 05-2026 07-2026: < 0.1%▼ -10.9% vs 06-2026 08-2026: < 0.1%● 0.0% vs 07-2026 09-2026: < 0.1%● 0.0% vs 08-2026 10-2026: < 0.1%▼ -2.4% vs 09-2026
  • Size: total assets €14.9m lowers the probability for this profile
  • Liquidity: current ratio 5.35, cash €308,776 raises the probability
  • Figures for FY 2025 (filed 10-06-2026) lowers the probability
  • Legal form Public limited company lowers the probability
Credit up to €750,000 at 30 days acceptable
Liquidity ample (current ratio 5.35 against 4.91 in 2024; short-term debt: 6.4% and cash: 2.1% of total assets), and 45.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, medium-sized). Better than this share of them on solvency 74%, liquidity 75%, profitability 66%, growth against the median 22%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €14.9m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 5.35, cash €308,776
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 10-06-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Legal form Public limited company
In the bankruptcy model this factor lowers the probability.
KBO
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
53 d early
2024
42 d early
2023
22 d late
2022
29 d late
2021
24 d early
2020
30 d late
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 10 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

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. Usually files around 7 July (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Resignation: Nico Van Daele (day-to-day manager)Power of attorney
  3. Weakest financial yearnet -€32,157

Key points

  • Caution: From profit to loss in 2025after €70,770 in 2024 -€32,157 View
  • Positive: Among the best 5% on equitysector median €308,497 · 11,015 companies €8.1m View
  • Controlled by Brass 1known shareholders 100% 100% View
  • A director leftlatest change 23-01-2026 · 0 in office 1 left View

By topic

Financials

Fiscal year
2025
Total assets
€14.9m
Loss
-€32,157
Solvency
54.6%
Total assets▼ 7.3%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 08-06-2026Annual accounts filed
  2. 25-02-2026Resignation: Nico Van Daele (day-to-day manager)
  3. 31-12-2025Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Renting and operating of own or leased non-residential…NACE 68203
Founded
04-09-1992
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

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