VABEN
ActiveVABEN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €114k and a net result of €-49k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 65% of 27450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-75
Solvency86▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 3.27 against 2.73 in 2024; short-term debt: 19.2% and cash: 35.3% of total assets), and 39% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2025Solvency, return and age of the figures
Solvency
61%
Return on assets
-26%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
12 d late
2023
29 d late
2022
30 d late
2021
32 d early
2020
43 d early
2019
29 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€114k▼ 30.3%
2024 · €164k
2018: €109k
2019: €115k
2020: €115k
2021: €125k
2022: €129k
2023: €155k
2024: €164k
2018 → 2025
Total assets
€187k▼ 35.6%
2024 · €291k
2018: €259k
2019: €258k
2020: €243k
2021: €258k
2022: €280k
2023: €354k
2024: €291k
2018 → 2025
Net result
€-49k
2024 · €15k
2018: €10k
2019: €6k
2020: €1k
2021: €11k
2022: €5k
2023: €35k
2024: €15k
2018 → 2025
Working capital
€82k▼ 30.3%
2024 · €117k
2018: €74k
2019: €78k
2020: €74k
2021: €56k
2022: €85k
2023: €117k
2024: €117k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€125k-€129k▲ 3.1%€155k▲ 19.9%€164k▲ 5.6%€114k▼ 30.3%
Operating result€19k-€11k▼ 38.9%€55k▲ 383%€26k▼ 53.0%€-44k
Net result€11k-€5k▼ 57.8%€35k▲ 656%€15k▼ 57.3%€-49k
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 2025: a loss of €44k after €26k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €187k
Fixed assets
€70k▼ 34.2%
Current assets
€118k▼ 36.4%
Equity and liabilities €187k
Equity
€114k▼ 30.3%
Debt
€73k▼ 42.4%
The debt ratio falls from 43.7% to 39.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-8k▼
2024 · €61k
Cash flow
€-13k▼
2024 · €51k
Solvency
61.0%▲
2024 · 56.3%
Current ratio
3.27▲
2024 · 2.73
Quick ratio
2.89▲
2024 · 2.33
Debt / equity
0.64▼
2024 · 0.78
ROE
-42.7%▼
2024 · 9.2%
ROA
-26.0%▼
2024 · 5.2%
Interest coverage
-1.81▼
2024 · 10.61
Debt
€73k▼
2024 · €127k
Debt ≤ 1 year
€36k▼
2024 · €68k
Debt > 1 year
€37k▼
2024 · €59k
Income taxes
€177▼
2024 · €6k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€291k€187k▼
Fixed assets21/28€106k€70k▼
Tangible fixed assets22/27€106k€70k▼
Land and buildings22€54k€39k▼
Plant, machinery and equipment23€2k€621▼
Furniture and vehicles24€50k€31k▼
Current assets29/58€185k€118k▼
Stocks and contracts in progress3€27k€14k▼
Stocks30/36€27k€14k▼
Contracts in progress37€0-
Amounts receivable within one year40/41€89k€34k▼
Trade receivables40€82k€33k▼
Other amounts receivable41€7k€1k▼
Current investments50/53€3k€3k=
Cash at bank and in hand54/58€66k€66k▲
Deferred charges and accrued income490/1€1k€954▼
Equity and liabilities
Total equity and liabilities10/49€291k€187k▼
Equity10/15€164k€114k▼
Contributions10/11€19k€19k=
Reserves13€145k€96k▼
Distributable reserves133€145k€96k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€127k€73k▼
Amounts payable after more than one year17€59k€37k▼
Financial debts170/4€59k€37k▼
Amounts payable within one year42/48€68k€36k▼
Current portion of amounts payable after more than one year42€22k€22k▲
Trade debts44€416€2k▲
Suppliers440/4€416€2k▲
Taxes, remuneration and social security45€16k€826▼
Taxes450/3€16k€826▼
Remuneration and social security454/9€0-
Other amounts payable47/48€30k€11k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€36k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€63k€-6k▼
Operating profit (loss)9901€26k€-44k▼
Financial income75/76B€921€54▼
Recurring financial income75€921€54▼
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€21k€-49k▼
Income taxes67/77€6k€177▼
Profit (loss) for the period9904€15k€-49k▼
Profit (loss) for the period to be appropriated9905€15k€-49k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€-49k▼
Transfer from equity791/2€6k€50k▲
Transfer to equity691/2€15k€0▼
To other reserves6921€15k€0▼
Profit to be distributed694/7€6k€833▼
Return on contributions (dividend)694€6k€833▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-49k ▼423%
Net result drops to €-49k, the lowest in the series.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €35k ▲656%
Operating result €55k, net result €35k, both a record.
31-12
Financial
Equity above €150kEq €155k ▲19.9%
6 profitable years in a row build equity to €155k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brecht · 1 establishment unit since 2008
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.
Harmonielaan 342960 BrechtGround area
1,056 m²
Building footprint
190 m²
Volume, LiDAR
946 m³
Parcel 11009M0066/00N008, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VABEN BV
since 20082.172.153.167
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11009M0066/00N008 | Flanders | 1,056 m² | 1 · 190 m² | 7.7 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,512 EUR awarded · 1,377 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,035 EUR | 900 EUR |
| 2022 | 1 | 477 EUR | 477 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,326. 8,764 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-2008
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.