VAARTKOM
InactiveInactive; last annual accounts for fiscal year 2024.
Overview
What they do
Activity not known
How big
€1.9mtotal assets 2024
- Equity
- €1.7m
- Profit
- €60,194
Financially healthy?
Inactive: no score
Who decides
Accounts 1 d early0 of 16 deeds read
SignalsLatest accounts filed on timeShow the evidence
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 29-04-2025, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2024
1 d early
2023
41 d early
2022
41 d early
2021
19 d early
2020
2 d late
2019
66 d late
2018
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 7 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · abbreviated…
- Annual accounts filedfiscal year 2023 · abbreviated…
- Liquidity triplescurrent ratio 5.49
Financials
Fiscal year 2024Total assets €1.9mProfit €60,194Solvency 86.9%Liquidity 7.61
Turnover
€35.4m▲ 101,036%
2018 - 2020
Net result
€60,194▼ 25.2%
2018 - 2024
Equity
€1.7m▲ 3.7%
2018 - 2024
Solvency
86.9%▲ 5.1pp
2018 - 2024
Financials · fiscal year 2024, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€35.4m
Operating result€2.7m-€0.007m-€0.003m▲ 56.0%-€0.003m▼ 5.9%-€380▲ 88.4%
Net result€2.0m€0.04m▼ 98.2%€0.06m▲ 54.9%€0.08m▲ 43.6%€0.06m▼ 25.2%
EBIT margin7.7%
Equity€2.7m▲ 300%€2.8m▲ 1.3%€1.5m▼ 43.8%€1.6m▲ 5.2%€1.7m▲ 3.7%
Total assets€4.2m▼ 83.5%€3.4m▼ 20.2%€2.9m▼ 13.0%€2.0m▼ 32.3%€1.9m▼ 2.3%
Debt€1.5m▼ 93.9%€0.6m▼ 58.8%€1.4m▲ 123%€0.4m▼ 73.9%€0.3m▼ 29.5%
Working capital€2.7m▲ 279%€2.8m▲ 1.3%€1.5m▼ 43.8%€1.6m▲ 5.2%€1.7m▲ 3.7%
Why a figure moved sharply
- 2021 Net result -98% on 2020. The accounts now follow the abbreviated schema, last year the full schema.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €380 in 2024 against €3,269 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €1.9m
Equity
€1.7m ▲ 3.7%
Debt
€255,593 ▼ 29.5%
Debt's share of the balance-sheet total falls from 18.2% to 13.1%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
Current ratio
7.61▲
2023 · 5.49
Debt to equity
0.15▼
2023 · 0.22
ROE
3.6%▼
2023 · 4.9%
ROA
3.1%▼
2023 · 4.0%
Debt ≤ 1 year
€255,593▼
2023 · €362,543
Income taxes
€19,497▼
2023 · €32,442
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €35.4m | - | - | - | - | - |
| Other operating charges640/8 | - | €0 | - | €0.001m | €0 | ▼ 100% |
| Gross operating margin9900 | - | -€0.007m | -€0.003m | -€0.002m | -€380 | ▲ 83.5% |
| Operating profit (loss)9901 | €2.7m | -€0.007m | -€0.003m | -€0.003m | -€380 | ▲ 88.4% |
| Financial income75/76B | - | €0.06m | €0.08m | €0.1m | €0.08m | ▼ 31.0% |
| Recurring financial income75 | €0.001m | €0.06m | €0.08m | €0.1m | €0.08m | ▼ 31.0% |
| Financial charges65/66B | - | €0.004m | €0.002m | €351 | €351 | = |
| Recurring financial charges65 | €470 | €0.004m | €0.002m | €351 | €351 | = |
| Profit (loss) for the period before taxes9903 | €2.7m | €0.05m | €0.07m | €0.1m | €0.08m | ▼ 29.4% |
| Income taxes67/77 | €0.7m | €0.01m | €0.02m | €0.03m | €0.02m | ▼ 39.9% |
| Profit (loss) for the period9904 | €2.0m | €0.04m | €0.06m | €0.08m | €0.06m | ▼ 25.2% |
| Transfer to tax-exempt reserves689 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.0m | €0.04m | €0.06m | €0.08m | €0.06m | ▼ 25.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.2m | €3.4m | €2.9m | €2.0m | €1.9m | ▼ 2.3% |
| Current assets29/58 | €4.2m | €3.4m | €2.9m | €2.0m | €1.9m | ▼ 2.3% |
| Amounts receivable within one year40/41 | €4.2m | €3.1m | €2.9m | €2.0m | €1.9m | ▼ 1.2% |
| Trade receivables40 | - | - | - | €0.2m | €0.1m | ▼ 47.7% |
| Other amounts receivable41 | - | €3.1m | €2.9m | €1.7m | €1.8m | ▲ 4.6% |
| Cash at bank and in hand54/58 | €0.05m | €0.2m | €0.04m | €0.04m | €0.01m | ▼ 60.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.2m | €3.4m | €2.9m | €2.0m | €1.9m | ▼ 2.3% |
| Equity10/15 | €2.7m | €2.8m | €1.5m | €1.6m | €1.7m | ▲ 3.7% |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Capital10 | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Issued capital100 | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Non-distributable reserves130/1 | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Legal reserve130 | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Tax-exempt reserves132 | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Profit (loss) carried forward14 | €1.2m | €1.2m | €0 | €0.08m | €0.1m | ▲ 74.8% |
| Amounts payable17/49 | €1.5m | €0.6m | €1.4m | €0.4m | €0.3m | ▼ 29.5% |
| Amounts payable within one year42/48 | €1.5m | €0.6m | €1.4m | €0.4m | €0.3m | ▼ 29.5% |
| Trade debts44 | €1.1m | €0.1m | €0.1m | €0.3m | €0.09m | ▼ 70.6% |
| Suppliers440/4 | - | €0.1m | €0.1m | €0.3m | €0.09m | ▼ 70.6% |
| Taxes, remuneration and social security45 | - | €0.5m | €0.03m | €0.05m | €0.2m | ▲ 229% |
| Taxes450/3 | - | €0.5m | €0.03m | €0.05m | €0.2m | ▲ 229% |
| Other amounts payable47/48 | - | - | €1.3m | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.0m | €0.04m | €0.06m | €0.08m | €0.06m | ▼ 25.2% |
| Operating cash flow (approximation) | €2.0m | €0.04m | €0.06m | €0.08m | €0.06m | ▼ 25.2% |
| Change in cash | - | €0.2m | -€0.2m | €190 | -€0.02m | ▼ 12,044% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
No directors read yet: 0 of 16 Gazette acts processed. See the function holders in the CBE →
Structure & network
Owners and holdings
Owners 0
No owner stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
- Sourceown accounts 2021100%
Holdings 0
The accounts to 31-12-2021 list no holdings, and no other source names one.
According to the 2021 annual accounts of VAARTKOM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 16 Gazette acts processed.
Timeline
13 eventsLatest 29-04-2025
Acts, filings and financial milestones
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 5.49
Current ratio from 2.11 to 5.49; short-term debt falls from €1.4m to €362,543.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 2 days late
2020
31-12
Financial
Back to profitnet €2.0m
Net result €2.0m after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.79
Current ratio from 1.03 to 2.79; short-term debt falls from €25.0m to €1.5m.
31-12
Financial
Equity above €2mEq €2.7m ▲300%
Equity rises from €679,929 to €2.7m.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 66 days late
2019
31-12
Financial
Weakest financial yearnet -€5,226
Net result drops to -€5,226, the lowest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 41 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 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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