VABOCRA
ActiveVABOCRA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €454k and a net result of €-21k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 74% of 1520 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency87▼-7
Growth32=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days only on tighter terms
Liquidity tight (current ratio 1.43 against 1.72 in 2024), and 40.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 10
Relative position
BE, all sectors
reference
Sector 10
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
59.5%
Return on assets
-2.8%
Age of the figures
17 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€21k
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 09-11-2025, 9 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
9 d late
2024
4 d late
2023
367 d late
2022
34 d late
2021
396 d late
2020
121 d late
2019
82 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close12-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€454k▼ 4.5%
2024 · €476k
2019: €529k
2020: €520k
2021: €500k
2022: €493k
2023: €482k
2024: €476k
2019 → 2025
Total assets
€763k▲ 5.4%
2024 · €724k
2019: €771k
2020: €763k
2021: €677k
2022: €666k
2023: €688k
2024: €724k
2019 → 2025
Net result
€-21k▼ 224%
2024 · €-7k
2019: €17k
2020: €-3k
2021: €-20k
2022: €-4k
2023: €-10k
2024: €-7k
2019 → 2025
Working capital
€86k▼ 8.3%
2024 · €93k
2019: €71k
2020: €76k
2021: €76k
2022: €89k
2023: €90k
2024: €93k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€500k-€493k▼ 1.4%€482k▼ 2.1%€476k▼ 1.4%€454k▼ 4.5%
Operating result€-23k-€-9k▲ 60.6%€-16k▼ 72.9%€-11k▲ 31.9%€-28k▼ 165%
Net result€-20k-€-4k▲ 79.5%€-10k▼ 154%€-7k▲ 36.7%€-21k▼ 224%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28k in 2025 against €11k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €763k
Fixed assets
€480k▼ 4.0%
Current assets
€283k▲ 26.5%
Equity and liabilities €763k
Equity
€454k▼ 4.5%
Provisions
€111k▼ 5.5%
Debt
€198k▲ 51.3%
The debt ratio rises from 18.0% to 25.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-8k▼
2024 · €9k
Cash flow
€-1k▼
2024 · €13k
Solvency
59.5%▼
2024 · 65.7%
Current ratio
1.43▼
2024 · 1.72
Quick ratio
0.65▼
2024 · 0.92
Debt / equity
0.44▲
2024 · 0.27
ROE
-4.7%▼
2024 · -1.4%
ROA
-2.8%▼
2024 · -0.9%
Interest coverage
-39243.20▼
2024 · 50584.44
Debt
€198k▲
2024 · €131k
Debt ≤ 1 year
€198k▲
2024 · €131k
Income taxes
€174▼
2024 · €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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€724k€763k▲
Fixed assets21/28€500k€480k▼
Tangible fixed assets22/27€500k€480k▼
Land and buildings22€496k€477k▼
Plant, machinery and equipment23€633€377▼
Furniture and vehicles24€3k€3k▼
Financial fixed assets28€148€148=
Current assets29/58€224k€283k▲
Stocks and contracts in progress3€103k€155k▲
Contracts in progress37€103k€155k▲
Amounts receivable within one year40/41€85k€65k▼
Trade receivables40€69k€50k▼
Other amounts receivable41€16k€15k▼
Current investments50/53€35k€59k▲
Cash at bank and in hand54/58€1k€4k▲
Equity and liabilities
Total equity and liabilities10/49€724k€763k▲
Equity10/15€476k€454k▼
Contributions10/11€201k€201k=
Capital10€201k€201k=
Issued capital100€201k€201k=
Reserves13€284k€272k▼
Non-distributable reserves130/1€16k€16k=
Legal reserve130€16k€16k=
Tax-exempt reserves132€232k€219k▼
Distributable reserves133€37k€37k=
Profit (loss) carried forward14€-10k€-19k▼
Provisions and deferred taxes16€118k€111k▼
Deferred taxes168€118k€111k▼
Amounts payable17/49€131k€198k▲
Amounts payable within one year42/48€131k€198k▲
Trade debts44€8k€8k▼
Suppliers440/4€8k€8k▼
Advances received on contracts in progress46€83k€157k▲
Taxes, remuneration and social security45€3k€395▼
Taxes450/3€3k€395▼
Other amounts payable47/48€37k€32k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▲
Other operating charges640/8€2k-
Non-recurring operating charges66A-€2k
Gross operating margin9900€12k€-6k▼
Operating profit (loss)9901€-11k€-28k▼
Financial income75/76B€133€262▲
Recurring financial income75€133€262▲
Financial charges65/66B€0€0▲
Recurring financial charges65€0€0▲
Profit (loss) for the period before taxes9903€-10k€-28k▼
Transfer from deferred taxes780€7k€7k=
Income taxes67/77€3k€174▼
Profit (loss) for the period9904€-7k€-21k▼
Transfer from tax-exempt reserves789€13k€13k=
Profit (loss) for the period to be appropriated9905€6k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-19k▼
Profit (loss) brought forward from the previous period14P€-16k€-10k▲
The notes to these accounts (4 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
2025
09-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 9 days late
31-03
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series.
2024
04-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
01-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 367 days late
2022
04-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 34 days late
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 396 days late
2021
01-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 121 days late
2020
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 82 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 280 days late
2016
12-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2025
BOSSELAERS Matthias
CurrentDirector · since 17-04-2025
17-04-2025
Appointed as Director
Location & real-estate footprint
Registered office, Herselt · 1 establishment unit since 1992
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.
Degstraat 32230 HerseltGround area
6,103 m²
Building footprint
572 m²
Volume, LiDAR
1,671 m³
2 parcels, Flanders · tallest building 9.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
AD REM DE WITTE BREMSHOEVE
since 19922.044.286.480
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13013D0312/00G000 | Flanders | 5,236 m² | 1 · 407 m² | 9.5 m · 1 fl. |
| 13013D0429/00E000 | Flanders | 868 m² | 1 · 165 m² | 6.8 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.
Similar companies · same sector, comparable size
BROECKX BEST
BE 0412.041.548
Genk · Eq €461k
BADR FAROUJ
BE 0536.812.252
Ukkel · Eq €472k
DECLERCK WILD & GEVOGELTE
BE 0464.205.178
Oostrozebeke · Eq €436k
VANDUFFEL FOODS
BE 0440.029.513
Lommel · Eq €423k
L. DE JONGH
BE 0422.922.374
Rijkevorsel · Eq €488k
Of 108 companies in sector 10120 we hold annual accounts for 83. 47 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-07-1989
Fiscal year end31-03
Activities, NACEBEL
10120Manufacture of food products
15121
10820Manufacture of cocoa, chocolate and sugar confectionery
46322Wholesale trade
70200Business and other management consultancy
70220Business consulting
74142
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.