Vabo
ActiveVabo has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-59k) and a net result of €15k. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 7757 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-11
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.67 against 0.7 in 2024; short-term debt: 49.3% and cash: 13% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 →
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
-32.9%
Return on assets
8.5%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 7757 sector peers (2025).
NBB · sector comparisonPosition among 7757 sector peers
Solvency
better than 5%
← weakest
strongest →
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
34 d early
2023
120 d early
2022
31 d early
2021
2 d early
2020
124 d early
2019
91 d late
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-59k▲ 20.5%
2024 · €-74k
2018: €-245k
2019: €-235k
2020: €-210k
2021: €-193k
2022: €-150k
2023: €-96k
2024: €-74k
2018 → 2025
Total assets
€180k▲ 41.6%
2024 · €127k
2018: €111k
2019: €168k
2020: €149k
2021: €130k
2022: €111k
2023: €123k
2024: €127k
2018 → 2025
Net result
€15k▼ 30.8%
2024 · €22k
2018: €-91k
2019: €10k
2020: €24k
2021: €17k
2022: €42k
2023: €54k
2024: €22k
2018 → 2025
Working capital
€-30k▼ 27.7%
2024 · €-23k
2018: €33k
2019: €53k
2020: €6k
2021: €33k
2022: €-6k
2023: €-8k
2024: €-23k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-193k-€-150k▲ 22.0%€-96k▲ 35.9%€-74k▲ 22.9%€-59k▲ 20.5%
Operating result€21k-€47k▲ 117%€59k▲ 25.6%€26k▼ 56.1%€20k▼ 21.8%
Net result€17k-€42k▲ 144%€54k▲ 27.3%€22k▼ 59.2%€15k▼ 30.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 22% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €180k
Fixed assets
€121k▲ 69.2%
Current assets
€59k▲ 6.2%
Key figures and ratios
EBITDA
€43k▼
2024 · €47k
Cash flow
€38k▼
2024 · €43k
Solvency
-32.9%▲
2024 · -58.6%
Current ratio
0.67▼
2024 · 0.70
Quick ratio
0.49▲
2024 · 0.49
Debt / equity
-4.04▼
2024 · -2.71
ROA
8.5%▼
2024 · 17.4%
Interest coverage
7.92▼
2024 · 10.72
Debt
€239k▲
2024 · €201k
Debt ≤ 1 year
€89k▲
2024 · €79k
Debt > 1 year
€150k▲
2024 · €122k
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€127k€180k▲
Fixed assets21/28€71k€121k▲
Tangible fixed assets22/27€71k€121k▲
Plant, machinery and equipment23€32k€29k▼
Furniture and vehicles24€39k€92k▲
Current assets29/58€55k€59k▲
Stocks and contracts in progress3€17k€15k▼
Stocks30/36€17k€15k▼
Amounts receivable within one year40/41€34k€19k▼
Trade receivables40€34k€19k▼
Other amounts receivable41€46€15▼
Cash at bank and in hand54/58€3k€23k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€127k€180k▲
Equity10/15€-74k€-59k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-94k€-79k▲
Amounts payable17/49€201k€239k▲
Amounts payable after more than one year17€122k€150k▲
Financial debts170/4€35k€74k▲
Other amounts payable178/9€88k€76k▼
Amounts payable within one year42/48€79k€89k▲
Current portion of amounts payable after more than one year42€13k€20k▲
Financial debts43€9k€5k▼
Credit institutions430/8€9k€5k▼
Trade debts44€57k€59k▲
Suppliers440/4€57k€59k▲
Taxes, remuneration and social security45-€5k
Taxes450/3-€2k
Remuneration and social security454/9-€3k
Income statement
Code20242025
Non-recurring operating income76A€22k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€23k▲
Other operating charges640/8€445€363▼
Non-recurring operating charges66A-€7k
Gross operating margin9900€47k€50k▲
Operating profit (loss)9901€26k€20k▼
Financial income75/76B€665€535▼
Recurring financial income75€665€535▼
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€22k€15k▼
Profit (loss) for the period9904€22k€15k▼
Profit (loss) for the period to be appropriated9905€22k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-94k€-79k▲
Profit (loss) brought forward from the previous period14P€-116k€-94k▲
The notes to these accounts (11 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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €54k ▲27.3%
Operating result €59k, net result €54k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Geel · 1 establishment unit since 2013
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.
St.-Kristoffelstraat 32440 GeelGround area
690 m²
Building footprint
170 m²
Volume, LiDAR
937 m³
Parcel 13373L0298/00N000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VABO BVBA
since 20132.221.900.212
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13373L0298/00N000 | Flanders | 690 m² | 1 · 170 m² | 9.1 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.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,421. 4,799 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-2013
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
25999Manufacture of fabricated metal products, except machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.