Financials · financial year 2025, micro format
2025 annual accounts filed 82 days after the deadline Filed on 21 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00566660.
Annual accounts 2025 filed on 21-10-2026 at the NBB all 37 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €493,650, larger than the loss of €1,500 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | €37,623 | - | €90,309 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as VABEL: development of residential building projects (NACE 68121). The annual accounts of VABEL for financial year 2025 state no total assets, so a size comparison is not possible. They are about the same age: founded between 1988 and 1991.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| VABEL Leuven | 1989 | - | - | - | - | - | - |
| WOONWEELDE Leuven | 1991 | €1.0m | -€0.5m | -€0.02m | -€0.02m | - | 2024 |
| MANAGEMENT DECISION SUPPORT Tervuren | 1989 | €2.5m | €1.6m | €0.05m | €0.3m | - | 2025 |
| FGM Asse | 1989 | €23.7m | €9.2m | -€0.3m | -€2.5m | 1.1 | 2025 |
| Luctra Keerbergen | 1988 | €0.05m | €0.02m | €0.009m | -€0.004m | - | 2026 |
| TER HALLE Tienen | 1988 | €2.5m | €1.6m | €0.2m | €0.004m | - | 2025 |
| GROUP MOUREAU Leuven | 1988 | €13.7m | €2.4m | €0.8m | -€0.2m | 2.6 | 2025 |
They were chosen from the 7,758 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €583 | €106,231 | - | €4,253 | - |
| Non-recurring operating charges66A | - | - | - | - | - | €540 | - | €497,903 | - |
| Gross operating margin9900 | -€1,800 | -€1,162 | €39,622 | -€5,984 | -€10,225 | €105,556 | -€1,500 | €4,253 | - |
| Operating profit (loss)9901 | -€1,800 | -€1,162 | €39,622 | -€5,984 | -€10,225 | €105,016 | -€1,500 | -€493,650 | ▼ 32,810% |
| Recurring financial income75 | - | - | €8 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €40 | €122 | €174 | €0 | - | - |
| Recurring financial charges65 | €216 | €164 | €65 | €40 | €122 | €174 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | -€2,015 | -€1,326 | €39,565 | -€6,024 | -€10,347 | €104,842 | -€1,500 | -€493,650 | ▼ 32,809% |
| Profit (loss) for the period9904 | -€2,015 | -€1,326 | €39,565 | -€6,024 | -€10,347 | €104,842 | -€1,500 | -€493,650 | ▼ 32,809% |
| Profit (loss) for the period to be appropriated9905 | -€2,015 | -€1,326 | €39,565 | -€6,024 | -€10,347 | €104,842 | -€1,500 | -€493,650 | ▼ 32,809% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €475,338 | €475,174 | €512,454 | €512,264 | €501,917 | €497,903 | €497,903 | - | - |
| Fixed assets21/28 | €379,868 | €379,668 | €380,366 | €417,989 | - | €497,903 | €497,903 | - | - |
| Financial fixed assets28 | €379,868 | €379,668 | €380,366 | €417,989 | - | €497,903 | €497,903 | - | - |
| Current assets29/58 | €95,470 | €95,506 | €132,088 | €94,275 | €501,917 | €0 | - | - | - |
| Amounts receivable after more than one year29 | - | - | - | - | €407,594 | - | - | - | - |
| Other amounts receivable291 | - | - | - | - | €407,594 | - | - | - | - |
| Stocks and contracts in progress3 | €94,269 | €94,269 | €94,269 | €94,269 | €94,269 | - | - | - | - |
| Stocks30/36 | - | - | - | €94,269 | €94,269 | - | - | - | - |
| Amounts receivable within one year40/41 | - | - | €36,620 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1,201 | €1,237 | €1,199 | €6 | €54 | €0 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €475,338 | €475,174 | €512,454 | €512,264 | €501,917 | €497,903 | €497,903 | €0 | ▼ 100% |
| Equity10/15 | €368,439 | €367,114 | €406,679 | €400,655 | €390,308 | €495,150 | €493,650 | €0 | ▼ 100% |
| Contributions10/11 | €495,787 | €495,787 | €495,787 | €495,787 | €495,787 | €495,787 | €495,787 | €495,787 | = |
| Capital10 | - | - | - | €495,787 | €495,787 | €495,787 | €495,787 | - | - |
| Issued capital100 | - | - | - | €495,787 | €495,787 | €495,787 | €495,787 | - | - |
| Profit (loss) carried forward14 | -€127,348 | -€128,673 | -€89,108 | -€95,132 | -€105,479 | -€637 | -€2,137 | -€495,787 | ▼ 23,101% |
| Amounts payable17/49 | €106,898 | €108,060 | €105,775 | €111,609 | €111,609 | €2,753 | €4,253 | - | - |
| Amounts payable after more than one year17 | €105,000 | €105,000 | €105,000 | €105,000 | €105,000 | - | - | - | - |
| Other amounts payable178/9 | - | - | - | €105,000 | €105,000 | - | - | - | - |
| Amounts payable within one year42/48 | €1,898 | €3,060 | €775 | €6,609 | €6,609 | €2,753 | €4,253 | - | - |
| Trade debts44 | €1,898 | €3,060 | €775 | €6,609 | €6,609 | €2,753 | €4,253 | - | - |
| Suppliers440/4 | - | - | - | €6,609 | €6,609 | €2,753 | €4,253 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,015 | -€1,326 | €39,565 | -€6,024 | -€10,347 | €104,842 | -€1,500 | -€493,650 | ▼ 32,809% |
| Operating cash flow (approximation) | -€2,015 | -€1,326 | €39,565 | -€6,024 | -€10,347 | €104,842 | -€1,500 | -€493,650 | ▼ 32,809% |
| Investment in fixed assets (approximation) | - | €200 | -€698 | -€37,623 | - | - | €0 | - | - |
| Change in cash | - | €36 | -€38 | -€1,192 | €48 | -€54 | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 21-10-2026 | 2026-00566660 | NBB |
| 31-12-2024 | micro format | 30-08-2025 | 2025-00481166 | |
| 31-12-2023 | micro format | 08-10-2024 | 2024-00507967 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00413482 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20406531 | |
| 31-12-2020 | micro format | 15-02-2022 | 2022-05600446 | |
| 31-12-2019 | micro format | 30-11-2020 | 2020-74600398 | |
| 31-12-2018 | micro format | 23-10-2019 | 2019-71600584 | |
| 31-12-2017 | micro format | 16-10-2018 | 2018-69400463 | |
| 31-12-2016 | abbreviated format | 19-09-2017 | 2017-62300184 |