VACO
ActiveSummary
VACO has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of -€28,562. Equity remains stable across the filed fiscal years (±0.6% per year). The computed 12-month bankruptcy probability is 0.7% (low).
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Signals
This company filed its last 7 accounts on average 122 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,611 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5,477 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €90,405 | €92,161 | €93,691 | €94,572 | €94,695 | ▲ 0.1% |
| Other operating charges640/8 | €13,338 | €23,823 | €19,145 | €19,800 | €23,165 | ▲ 17.0% |
| Non-recurring operating charges66A | - | €212 | €0 | - | - | - |
| Gross operating margin9900 | €94,808 | €131,463 | €109,272 | €128,134 | €114,748 | ▼ 10.4% |
| Operating profit (loss)9901 | -€8,935 | €15,267 | -€3,564 | €13,762 | -€3,113 | ▼ 123% |
| Financial income75/76B | €318 | €753 | €279 | €252 | €163 | ▼ 35.5% |
| Recurring financial income75 | €318 | €753 | €279 | €252 | €163 | ▼ 35.5% |
| Financial charges65/66B | €38,052 | €36,641 | €37,641 | €38,676 | €35,575 | ▼ 8.0% |
| Recurring financial charges65 | €38,052 | €36,641 | €37,641 | €38,676 | €35,575 | ▼ 8.0% |
| Profit (loss) for the period before taxes9903 | -€46,669 | -€20,621 | -€40,926 | -€24,662 | -€38,525 | ▼ 56.2% |
| Transfer from deferred taxes780 | €36,227 | €37,517 | €112,114 | €13,099 | €13,283 | ▲ 1.4% |
| Transfer to deferred taxes680 | €0 | - | - | - | - | - |
| Income taxes67/77 | €2,745 | €435 | €1,101 | €3,315 | €3,321 | ▲ 0.2% |
| Profit (loss) for the period9904 | -€13,186 | €16,460 | €70,086 | -€14,877 | -€28,562 | ▼ 92.0% |
| Transfer from tax-exempt reserves789 | €9,057 | €9,379 | €42,254 | €39,298 | €39,850 | ▲ 1.4% |
| Transfer to tax-exempt reserves689 | €0 | - | €101,550 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€4,129 | €25,839 | €10,790 | €24,421 | €11,288 | ▼ 53.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.1m | €3.0m | €2.8m | €2.7m | €2.6m | ▼ 3.4% |
| Fixed assets21/28 | €2.9m | €2.8m | €2.7m | €2.7m | €2.6m | ▼ 3.2% |
| Tangible fixed assets22/27 | €2.9m | €2.8m | €2.7m | €2.7m | €2.6m | ▼ 3.2% |
| Land and buildings22 | €2.8m | €2.8m | €2.7m | €2.6m | €2.5m | ▼ 3.0% |
| Plant, machinery and equipment23 | €54,794 | €54,736 | €47,093 | €39,358 | €32,609 | ▼ 17.1% |
| Furniture and vehicles24 | €0 | - | €2,172 | €1,569 | €966 | ▼ 38.4% |
| Financial fixed assets28 | €169 | €169 | €169 | €169 | €169 | = |
| Current assets29/58 | €185,338 | €128,745 | €85,065 | €30,323 | €25,913 | ▼ 14.5% |
| Amounts receivable after more than one year29 | €34,379 | €24,995 | €20,018 | €14,990 | €9,912 | ▼ 33.9% |
| Other amounts receivable291 | €34,379 | €24,995 | €20,018 | €14,990 | €9,912 | ▼ 33.9% |
| Amounts receivable within one year40/41 | €395 | €7,506 | €7,602 | €5,028 | €5,167 | ▲ 2.8% |
| Trade receivables40 | €395 | €2,577 | €2,212 | €0 | - | - |
| Other amounts receivable41 | - | €4,928 | €5,390 | €5,028 | €5,167 | ▲ 2.8% |
| Current investments50/53 | €329 | €329 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €150,236 | €95,915 | €57,425 | €10,289 | €10,679 | ▲ 3.8% |
| Deferred charges and accrued income490/1 | €0 | - | €21 | €17 | €155 | ▲ 811% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.1m | €3.0m | €2.8m | €2.7m | €2.6m | ▼ 3.4% |
| Equity10/15 | €1.1m | €1.1m | €1.2m | €1.1m | €1.1m | ▼ 2.5% |
| Contributions10/11 | €387,000 | €387,000 | €387,000 | €387,000 | €387,000 | = |
| Reserves13 | €1.0m | €1.0m | €943,479 | €904,181 | €864,331 | ▼ 4.4% |
| Non-distributable reserves130/1 | €38,700 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €38,700 | €0 | - | - | - | - |
| Tax-exempt reserves132 | €893,563 | €884,184 | €943,479 | €904,181 | €864,331 | ▼ 4.4% |
| Distributable reserves133 | €77,239 | €115,939 | €0 | - | - | - |
| Profit (loss) carried forward14 | -€320,224 | -€294,385 | -€167,655 | -€143,234 | -€131,946 | ▲ 7.9% |
| Provisions and deferred taxes16 | €464,123 | €426,607 | €314,493 | €301,394 | €288,110 | ▼ 4.4% |
| Deferred taxes168 | €464,123 | €426,607 | €314,493 | €301,394 | €288,110 | ▼ 4.4% |
| Amounts payable17/49 | €1.5m | €1.4m | €1.4m | €1.3m | €1.2m | ▼ 3.9% |
| Amounts payable after more than one year17 | €1.1m | €1.1m | €979,226 | €899,704 | €850,055 | ▼ 5.5% |
| Financial debts170/4 | €946,368 | €882,327 | €816,731 | €749,541 | €712,466 | ▼ 4.9% |
| Other amounts payable178/9 | €185,471 | €174,589 | €162,495 | €150,163 | €137,589 | ▼ 8.4% |
| Amounts payable within one year42/48 | €376,206 | €336,637 | €332,182 | €293,581 | €286,035 | ▼ 2.6% |
| Current portion of amounts payable after more than one year42 | €75,142 | €75,903 | €77,690 | €79,522 | €90,954 | ▲ 14.4% |
| Financial debts43 | - | - | - | - | €15,000 | - |
| Credit institutions430/8 | - | - | - | - | €15,000 | - |
| Trade debts44 | €23,433 | €12,526 | €32,764 | €13,182 | €17,400 | ▲ 32.0% |
| Suppliers440/4 | €23,433 | €12,526 | €32,764 | €13,182 | €17,400 | ▲ 32.0% |
| Taxes, remuneration and social security45 | €2,745 | €3,180 | €903 | €959 | €629 | ▼ 34.5% |
| Taxes450/3 | €2,745 | €3,180 | €903 | €959 | €629 | ▼ 34.5% |
| Other amounts payable47/48 | €274,886 | €245,028 | €220,826 | €199,918 | €162,052 | ▼ 18.9% |
| Accrued charges and deferred income492/3 | €31,294 | €39,325 | €46,181 | €56,721 | €64,928 | ▲ 14.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,186 | €16,460 | €70,086 | -€14,877 | -€28,562 | ▼ 92.0% |
| + Depreciation and write-downs630 | €90,405 | €92,161 | €93,691 | €94,572 | €94,695 | ▲ 0.1% |
| Operating cash flow (approximation) | €77,219 | €108,621 | €163,778 | €79,695 | €66,133 | ▼ 17.0% |
| Investment in fixed assets (approximation) | - | -€21,236 | -€20,055 | -€13,755 | -€8,272 | ▲ 39.9% |
| Change in cash | - | -€54,321 | -€38,490 | -€47,136 | €390 | ▲ 101% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31027D0366/00H009 | Flanders | 202 m² | 1 · 95 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Recognitions · licences · registrations
Legal Entity Identifier
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 September 2026 · Peppol Directory
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