VABELE
ActiveVABELE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €8.94M and a net result of €593k. Equity is shrinking by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 71% of 6144 sector peers (fiscal year 2024). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €8.9M
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2024 was due by 30-07-2025 and was filed on 18-07-2025, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
12 d early
2023
33 d early
2022
93 d early
2021
43 d early
2020
10 d early
2019
13 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€8.94M▲ 7.1%
2023 · €8.35M
2018: €10.09M
2019: €10.32M
2020: €10.58M
2021: €10.89M
2022: €7.54M
2023: €8.35M
2018 → 2024
Net result
€593k▼ 46.7%
2023 · €1.11M
2018: €562k
2019: €295k
2020: €260k
2021: €310k
2022: €298k
2023: €1.11M
2018 → 2024
Total assets
€12.09M▲ 3.5%
2023 · €11.68M
2018: €13.26M
2019: €13.46M
2020: €13.63M
2021: €13.90M
2022: €10.51M
2023: €11.68M
2018 → 2024
Solvency
74.0%▲ 2.5pp
2023 · 71.5%
2018: 76.1%
2019: 76.7%
2020: 77.7%
2021: 78.4%
2022: 71.7%
2023: 71.5%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.21M-€1.38M▲ 13.8%€1.38M▲ 0.4%€1.53M▲ 10.9%
Equity€10.58M-€10.89M▲ 2.9%€7.54M▼ 30.8%€8.35M▲ 10.8%€8.94M▲ 7.1%
Operating result€498k-€538k▲ 7.9%€528k▼ 1.7%€575k▲ 8.8%€526k▼ 8.5%
Net result€260k-€310k▲ 19.2%€298k▼ 3.7%€1.11M▲ 272%€593k▼ 46.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 9% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12.09M
Fixed assets
€7.31M=
Current assets
€4.78M▲ 9.4%
Equity and liabilities €12.09M
Equity
€8.94M▲ 7.1%
Debt
€3.14M▼ 5.5%
The debt ratio falls from 28.5% to 26.0%: equity grows while debt is paid down.
Key figures and ratios
Solvency
74.0%▲
2023 · 71.5%
ROE
6.6%▼
2023 · 13.3%
ROA
4.9%▼
2023 · 9.5%
Debt
€3.14M▼
2023 · €3.33M
Debt ≤ 1 year
€312k▼
2023 · €494k
Debt > 1 year
€2.78M=
2023 · €2.78M
Income taxes
€120k▼
2023 · €128k
Staff costs
€986k▲
2023 · €888k
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€11.68M€12.09M▲
Fixed assets21/28€7.31M€7.31M=
Financial fixed assets28€7.31M€7.31M=
Affiliated companies280/1€7.30M-
Participating interests280€7.30M-
Companies linked by participating interests282/3€13k-
Participating interests282€13k-
Current assets29/58€4.37M€4.78M▲
Stocks and contracts in progress3€0-
Amounts receivable within one year40/41€651k€1.70M▲
Trade receivables40€0€697k▲
Other amounts receivable41€651k€1.00M▲
Current investments50/53€2.51M€2.61M▲
Other investments51/53€2.51M-
Cash at bank and in hand54/58€1.19M€444k▼
Deferred charges and accrued income490/1€25k€21k▼
Equity and liabilities
Total equity and liabilities10/49€11.68M€12.09M▲
Equity10/15€8.35M€8.94M▲
Contributions10/11€2.90M€2.90M=
Capital10€2.90M€2.90M=
Issued capital100€2.90M€2.90M=
Reserves13€2.11M€2.11M=
Non-distributable reserves130/1€655k€655k=
Legal reserve130€655k€655k=
Distributable reserves133€1.45M€1.45M=
Profit (loss) carried forward14€3.35M€3.94M▲
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Pensions and similar obligations160€0-
Amounts payable17/49€3.33M€3.14M▼
Amounts payable after more than one year17€2.78M€2.78M=
Financial debts170/4€2.78M€2.78M=
Subordinated loans170€2.78M-
Amounts payable within one year42/48€494k€312k▼
Trade debts44€1k€102k▲
Suppliers440/4€1k€102k▲
Taxes, remuneration and social security45€194k€210k▲
Taxes450/3€75k€96k▲
Remuneration and social security454/9€119k€114k▼
Other amounts payable47/48€299k€0▼
Accrued charges and deferred income492/3€56k€56k▼
Income statement
Code20232024
Operating income70/76A€1.55M-
Turnover70€1.53M-
Other operating income74€21k-
Operating charges60/66A€976k-
Services and other goods61€88k-
Remuneration, social security and pensions62€888k€986k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-2k€0▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900-€1.51M
Operating profit (loss)9901€575k€526k▼
Financial income75/76B€779k€303k▼
Recurring financial income75€779k€303k▼
Income from financial fixed assets750€744k-
Income from current assets751€35k-
Financial charges65/66B€115k€116k▲
Recurring financial charges65€115k€116k▲
Debt charges650€111k-
Other financial charges652/9€4k-
Profit (loss) for the period before taxes9903€1.24M€713k▼
Income taxes67/77€128k€120k▼
Taxes670/3€128k-
Profit (loss) for the period9904€1.11M€593k▼
Profit (loss) for the period to be appropriated9905€1.11M€593k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.65M€3.94M▲
Profit (loss) brought forward from the previous period14P€2.53M€3.35M▲
Profit to be distributed694/7€299k€0▼
Return on contributions (dividend)694€299k€0▼
Social balance
Average headcount (FTE)90879.09.5▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
12-08
State Gazette act
Resignations & appointmentsBoard meeting · General meeting · Director reappointment4 facts ▸
State Gazette act
Resignations & appointments
Board meeting · General meeting · Director reappointment4 facts ▸
- Board meeting, 19 juni 2026
- General meeting, 19 juni 2026
- Director reappointment, Danny Simoens (gedelegeerd bestuurder)
- Director reappointment, Danny Simoens (bestuurder)
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-12
Financial
Highest result since 2018net €1.11M ▲272%
Operating result €575k, net result €1.11M, both a record.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-12
Financial
Weakest financial yearnet €260k ▼11.7%
Net result drops to €260k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Danny Simoens
CurrentDirector · since 19-06-2026
19-06-2026
Mandate renewed as Director
19-06-2026
Mandate renewed as Managing director
Location & real-estate footprint
Registered office, Ingelmunster · 1 establishment unit since 1999
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.
Kortrijkstraat 1748770 IngelmunsterGround area
1.9 ha
Building footprint
7,857 m²
Volume, LiDAR
49,322 m³
Parcel 36007D0409/00S002, Flanders · tallest building 24.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kortrijkstraat 174, 8770 Ingelmunster
since 19992.091.505.783
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007D0409/00S002 | Flanders | 1.9 ha | 1 · 7,856 m² | 24.3 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.
Recognitions · licences · registrations
Legal Entity Identifier
8755009SWFL4WJ446272
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Of 24,640 companies in sector 64210 we hold annual accounts for 19,693. 6,323 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-06-1999
Fiscal year end30-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.