VABO
ActiveVABO has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €788k and a net result of €92k. Equity is growing by ~27% per year across the filed fiscal years. Its solvency ranks better than 38% of 1221 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▼-4
Solvency62▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.03 in 2023; short-term debt: 48% and cash: 9.1% of total assets), and 63% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
6 d early
2022
31 d late
2021
31 d late
2020
5 d early
2019
68 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€788k▲ 13.1%
2023 · €697k
2018: €196k
2019: €262k
2020: €337k
2021: €385k
2022: €526k
2023: €697k
2018 → 2024
Total assets
€2.13M▼ 5.2%
2023 · €2.25M
2018: €2.34M
2019: €2.28M
2020: €2.28M
2021: €2.25M
2022: €2.36M
2023: €2.25M
2018 → 2024
Net result
€92k▼ 46.3%
2023 · €171k
2018: €12k
2019: €66k
2020: €74k
2021: €48k
2022: €142k
2023: €171k
2018 → 2024
Working capital
€150k▲ 294%
2023 · €38k
2018: €-49k
2019: €-27k
2020: €58k
2021: €50k
2022: €68k
2023: €38k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€337k-€385k▲ 14.2%€526k▲ 36.8%€697k▲ 32.4%€788k▲ 13.1%
Operating result€111k-€72k▼ 34.5%€179k▲ 148%€231k▲ 28.6%€136k▼ 41.1%
Net result€74k-€48k▼ 35.5%€142k▲ 196%€171k▲ 20.5%€92k▼ 46.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 41% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.13M
Fixed assets
€959k▼ 8.4%
Current assets
€1.17M▼ 2.5%
Equity and liabilities €2.13M
Equity
€788k▲ 13.1%
Debt
€1.34M▼ 13.4%
The debt ratio falls from 69.0% to 63.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€236k▼
2023 · €346k
Cash flow
€192k▼
2023 · €286k
Solvency
37.0%▲
2023 · 31.0%
Current ratio
1.15▲
2023 · 1.03
Quick ratio
0.38▲
2023 · 0.37
Debt / equity
1.70▼
2023 · 2.23
ROE
11.6%▼
2023 · 24.5%
ROA
4.3%▼
2023 · 7.6%
Interest coverage
9.99▼
2023 · 23.54
Debt
€1.34M▼
2023 · €1.55M
Debt ≤ 1 year
€1.02M▼
2023 · €1.16M
Debt > 1 year
€321k▼
2023 · €388k
Income taxes
€38k▼
2023 · €63k
Staff costs
€1.58M▲
2023 · €1.52M
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€2.25M€2.13M▼
Fixed assets21/28€1.05M€959k▼
Intangible fixed assets21€16k€2k▼
Tangible fixed assets22/27€1.03M€957k▼
Land and buildings22€913k€871k▼
Plant, machinery and equipment23€88k€71k▼
Furniture and vehicles24€29k€14k▼
Current assets29/58€1.20M€1.17M▼
Stocks and contracts in progress3€768k€786k▲
Stocks30/36€768k€786k▲
Amounts receivable within one year40/41€286k€191k▼
Trade receivables40€278k€182k▼
Other amounts receivable41€9k€8k▼
Cash at bank and in hand54/58€138k€195k▲
Deferred charges and accrued income490/1€10k€907▼
Equity and liabilities
Total equity and liabilities10/49€2.25M€2.13M▼
Equity10/15€697k€788k▲
Contributions10/11€27k€27k=
Reserves13€669k€761k▲
Non-distributable reserves130/1€7k€7k=
Reserves not available under the articles1311€7k€7k=
Tax-exempt reserves132€40k€40k=
Distributable reserves133€622k€713k▲
Amounts payable17/49€1.55M€1.34M▼
Amounts payable after more than one year17€388k€321k▼
Financial debts170/4€68k€161k▲
Other amounts payable178/9€320k€160k▼
Amounts payable within one year42/48€1.16M€1.02M▼
Current portion of amounts payable after more than one year42€71k€89k▲
Financial debts43€163k€162k▼
Credit institutions430/8€163k€162k▼
Trade debts44€384k€344k▼
Suppliers440/4€384k€344k▼
Advances received on contracts in progress46€119k€178k▲
Taxes, remuneration and social security45€211k€206k▼
Taxes450/3€30k€15k▼
Remuneration and social security454/9€180k€191k▲
Other amounts payable47/48€216k€43k▼
Income statement
Code20232024
Remuneration, social security and pensions62€1.52M€1.58M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€116k€100k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-6k€2k▲
Other operating charges640/8€38k€44k▲
Gross operating margin9900€1.90M€1.86M▼
Operating profit (loss)9901€231k€136k▼
Financial income75/76B€17k€17k▲
Recurring financial income75€17k€17k▲
Financial charges65/66B€15k€24k▲
Recurring financial charges65€15k€24k▲
Profit (loss) for the period before taxes9903€233k€129k▼
Income taxes67/77€63k€38k▼
Profit (loss) for the period9904€171k€92k▼
Profit (loss) for the period to be appropriated9905€171k€92k▼
Appropriation of the result
Profit (loss) to be appropriated9906€171k€92k▼
Transfer to equity691/2€171k€92k▼
To other reserves6921€171k€92k▼
Social balance
Average headcount (FTE)908727.127.1=
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €171k ▲20.5%
Operating result €231k, net result €171k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Equity above €500kEq €526k ▲36.8%
5 profitable years in a row build equity to €526k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 68 days late
2019
31-12
Financial
Equity above €200kEq €262k ▲33.6%
2 profitable years in a row build equity to €262k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Begijnendijk · 2 establishment units since 2006
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.
Liersesteenweg 1863130 BegijnendijkGround area
7,753 m²
Building footprint
2,277 m²
Volume, LiDAR
15,558 m³
2 parcels, Flanders · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
VABO
since 20062.155.071.566
VABO
since 20062.155.071.665
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12029D0111/00D002 | Flanders | 5,650 m² | 1 · 1,532 m² | 8.9 m · 3 fl. |
| 24007B0404/00Z000 | Flanders | 2,102 m² | 1 · 745 m² | 6.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 2025 · 2 entries · 1,821 EUR awarded · 1,821 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,343 EUR | 1,343 EUR |
| 2022 | 1 | 478 EUR | 478 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 908 companies in sector 25120 we hold annual accounts for 677. 508 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-06-1986
Fiscal year end31-12
Activities, NACEBEL
25120Manufacture of fabricated metal products, except machinery and equipment
28120
25620Manufacture of fabricated metal products, except machinery and equipment
43211General electrical installation work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.