VABEL
ActiveVABEL has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €494k and a net result of €-2k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 19344 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency100▲+33
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
0.9% 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+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 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
99.1%
Return on assets
-0.3%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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
not confirmed
2024
30 d late
2023
69 d late
2022
31 d late
2021
31 d late
2020
199 d late
2019
122 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€494k▼ 0.3%
2023 · €495k
2018: €368k
2019: €367k
2020: €407k
2021: €401k
2022: €390k
2023: €495k
2018 → 2024
Total assets
€498k=
2023 · €498k
2018: €475k
2019: €475k
2020: €512k
2021: €512k
2022: €502k
2023: €498k
2018 → 2024
Net result
€-2k
2023 · €105k
2018: €-2k
2019: €-1k
2020: €40k
2021: €-6k
2022: €-10k
2023: €105k
2018 → 2024
Working capital
€-3k
2022 · €495k
2018: €94k
2019: €92k
2020: €131k
2021: €88k
2022: €495k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€407k-€401k▼ 1.5%€390k▼ 2.6%€495k▲ 26.9%€494k▼ 0.3%
Operating result€40k-€-6k€-10k▼ 70.9%€105k€-2k
Net result€40k-€-6k€-10k▼ 71.8%€105k€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2k after €105k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €498k
Equity
€494k▼ 0.3%
Debt
€4k▲ 54.5%
The debt ratio rises from 0.6% to 0.9%: debt grows while equity shrinks.
Key figures and ratios
Solvency
99.1%▼
2023 · 99.4%
Debt / equity
0.01▲
2023 · 0.01
ROE
-0.3%▼
2023 · 21.2%
ROA
-0.3%▼
2023 · 21.1%
Debt
€4k▲
2023 · €3k
Debt ≤ 1 year
€4k▲
2023 · €3k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€498k€498k=
Fixed assets21/28€498k€498k=
Financial fixed assets28€498k€498k=
Current assets29/58€0-
Cash at bank and in hand54/58€0-
Equity and liabilities
Total equity and liabilities10/49€498k€498k=
Equity10/15€495k€494k▼
Contributions10/11€496k€496k=
Capital10€496k€496k=
Issued capital100€496k€496k=
Profit (loss) carried forward14€-637€-2k▼
Amounts payable17/49€3k€4k▲
Amounts payable within one year42/48€3k€4k▲
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Income statement
Code20232024
Non-recurring operating income76A€106k-
Non-recurring operating charges66A€540-
Gross operating margin9900€106k€-2k▼
Operating profit (loss)9901€105k€-2k▼
Financial charges65/66B€174€0▼
Recurring financial charges65€174€0▼
Profit (loss) for the period before taxes9903€105k€-2k▼
Profit (loss) for the period9904€105k€-2k▼
Profit (loss) for the period to be appropriated9905€105k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-637€-2k▼
Profit (loss) brought forward from the previous period14P€-105k€-637▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
31-12
Financial
Back to profitnet €105k
Net result €105k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 75.94
Current ratio from 14.26 to 75.94.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
15-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 199 days late
2020
31-12
Financial
Back to profitnet €40k
Net result €40k after 2 loss-making years.
31-12
Financial
Liquidity times 5current ratio 170.53
Current ratio from 31.21 to 170.53; short-term debt falls from €3k to €775.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 84 days late
2018
16-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 77 days late
2017
19-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 50 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
18-09-2024
Resigned as Director
18-09-2024
Resigned as Managing director
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 1989
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.
Grauwmeer 13001 LeuvenGround area
2,588 m²
Parcel 24514B0181/00Z000, Flanders. Linked by address, not a title deed.
1 establishment unit
Grauwmeer 1, 3001 Leuven
since 19892.042.663.711
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514B0181/00Z000 | Flanders | 2,588 m² | - | - |
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
ACVEMA
BE 0445.280.181
Binche · Eq €494k
CHaRMeDD
BE 0688.969.026
Londerzeel · Eq €493k
FIMMO Projecten
BE 0818.925.468
Stabroek · Eq €493k
PAN-ONTWIKKELING
BE 0678.924.180
Hoogstraten · Eq €493k
ELIBO
BE 0433.005.129
Zedelgem · Eq €493k
Of 9,635 companies in sector 68121 we hold annual accounts for 7,328. 4,688 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-03-1989
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.