Vabreko 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 €2.57M and a net result of €459k. Equity is growing by ~32.5% per year across the filed fiscal years. Its solvency ranks better than 72% of 6156 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
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 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
32 d early
2022
31 d early
2021
16 d early
2020
13 d late
2019
11 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€2.57M▲ 15.4%
2023 · €2.23M
2018: €173k
2019: €370k
2020: €753k
2021: €1.30M
2022: €1.81M
2023: €2.23M
2018 → 2024
Net result
€459k▲ 9.2%
2023 · €421k
2018: €127k
2019: €197k
2020: €384k
2021: €548k
2022: €506k
2023: €421k
2018 → 2024
Total assets
€3.38M▲ 7.9%
2023 · €3.14M
2018: €1.12M
2019: €1.28M
2020: €1.72M
2021: €2.12M
2022: €2.43M
2023: €3.14M
2018 → 2024
Solvency
75.9%▲ 4.9pp
2023 · 71.0%
2018: 15.5%
2019: 28.9%
2020: 43.8%
2021: 61.4%
2022: 74.3%
2023: 71.0%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€753k-€1.30M▲ 72.7%€1.81M▲ 38.9%€2.23M▲ 23.3%€2.57M▲ 15.4%
Operating result€572k-€805k▲ 40.7%€740k▼ 8.0%€588k▼ 20.5%€654k▲ 11.2%
Net result€384k-€548k▲ 42.8%€506k▼ 7.7%€421k▼ 16.8%€459k▲ 9.2%
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 recovers in 2024; 2024 is 11% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.38M
Fixed assets
€1.69M▲ 2.2%
Current assets
€1.69M▲ 14.2%
Equity and liabilities €3.38M
Equity
€2.57M▲ 15.4%
Debt
€814k▼ 10.5%
The debt ratio falls from 29.0% to 24.1%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
75.9%▲
2023 · 71.0%
ROE
17.9%▼
2023 · 18.9%
ROA
13.6%▲
2023 · 13.4%
Debt
€814k▼
2023 · €909k
Debt ≤ 1 year
€304k▲
2023 · €273k
Debt > 1 year
€508k▼
2023 · €631k
Income taxes
€204k▲
2023 · €169k
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€3.14M€3.38M▲
Fixed assets21/28€1.65M€1.69M▲
Tangible fixed assets22/27€1.65M€1.67M▲
Land and buildings22€1.54M€1.58M▲
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€113k€87k▼
Financial fixed assets28-€18k
Current assets29/58€1.48M€1.69M▲
Amounts receivable within one year40/41€846k€267k▼
Trade receivables40-€15k
Other amounts receivable41€846k€252k▼
Current investments50/53€112k€128k▲
Cash at bank and in hand54/58€522k€1.30M▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€3.14M€3.38M▲
Equity10/15€2.23M€2.57M▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Share premium1100/10€19k-
Other1109/19-€19k
Reserves13€2.21M€2.55M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€147k€147k=
Distributable reserves133€2.06M€2.40M▲
Amounts payable17/49€909k€814k▼
Amounts payable after more than one year17€631k€508k▼
Financial debts170/4€631k€508k▼
Amounts payable within one year42/48€273k€304k▲
Current portion of amounts payable after more than one year42€124k€123k▼
Trade debts44€78k€51k▼
Suppliers440/4€78k€51k▼
Taxes, remuneration and social security45€34k€16k▼
Taxes450/3€34k€16k▼
Other amounts payable47/48€37k€114k▲
Accrued charges and deferred income492/3€6k€2k▼
Income statement
Code20232024
Non-recurring operating income76A€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75k€101k▲
Other operating charges640/8€8k€9k▲
Gross operating margin9900€672k€764k▲
Operating profit (loss)9901€588k€654k▲
Financial income75/76B€27k€34k▲
Recurring financial income75€27k€34k▲
Financial charges65/66B€26k€25k▼
Recurring financial charges65€26k€25k▼
Profit (loss) for the period before taxes9903€589k€663k▲
Income taxes67/77€169k€204k▲
Profit (loss) for the period9904€421k€459k▲
Transfer from tax-exempt reserves789€63k-
Transfer to tax-exempt reserves689€63k-
Profit (loss) for the period to be appropriated9905€421k€459k▲
Appropriation of the result
Profit (loss) to be appropriated9906€421k€459k▲
Transfer from equity791/2-€117k
Transfer to equity691/2€421k€459k▲
To other reserves6921€421k€459k▲
Profit to be distributed694/7-€117k
Return on contributions (dividend)694-€117k
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2MEq €2.23M ▲23.3%
6 profitable years in a row build equity to €2.23M.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €548k ▲42.8%
Operating result €805k, net result €548k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.58
Current ratio from 2.28 to 4.58; short-term debt falls from €304k to €246k.
31-12
Financial
Equity above €1MEq €1.30M ▲72.7%
4 profitable years in a row build equity to €1.30M.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 13 days late
2020
31-12
Financial
Equity above €500kEq €753k ▲104%
3 profitable years in a row build equity to €753k.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity times 6current ratio 1.36
Current ratio from 0.24 to 1.36.
31-12
Financial
Equity above €200kEq €370k ▲114%
2 profitable years in a row build equity to €370k.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-06
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
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, Kalmthout · 1 establishment unit since 2010
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.
Franseweg (Heide) 232920 KalmthoutGround area
5,579 m²
Building footprint
1,125 m²
Volume, LiDAR
8,047 m³
Parcel 11662E0517/00W000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Franseweg (Heide) 23, 2920 Kalmthout
since 20102.186.815.114
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662E0517/00W000 | Flanders | 5,579 m² | 1 · 1,125 m² | 8.3 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.
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Of 24,726 companies in sector 64210 we hold annual accounts for 19,748. 10,179 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded30-03-2010
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
70200Business and other management consultancy
70220Business consulting
77110Renting and leasing of cars and light motor vehicles
Sources
Crossroads Bank for EnterprisesNational Bank · 14 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.