VaCro - GSA
ActiveSummary
VaCro - GSA has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102k and a net result of €70k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 51% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▲+10
Solvency56▼-25
Growth29▼-13
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.97 in 2024; short-term debt: 62.2% and cash: 30.3% of total assets), and 69.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.6%
Return on assets
21%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 8 filingsDeviation from the deadline
2025
31 d late
2024
24 d late
2023
30 d late
2022
31 d late
2021
80 d late
2020
23 d late
2019
92 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€321k▲ 22.9%
2019 · €261k
2018: €343k
2019: €261k
2018 → 2020
EBIT margin
32.7%▼ 2.5pp
2019 · 35.2%
2018: 48.1%
2019: 35.2%
2018 → 2020
Net result
€70k▲ 115%
2024 · €33k
2018: €109k
2019: €74k
2020: €83k
2021: €100k
2022: €81k
2023: €75k
2024: €33k
2018 → 2025
Working capital
€33k▼ 68.7%
2024 · €106k
2018: €97k
2019: €167k
2020: €248k
2021: €211k
2022: €280k
2023: €363k
2024: €106k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€231k-€312k▲ 35.2%€388k▲ 24.0%€138k▼ 64.4%€102k▼ 25.7%
Operating result€184k-€75k▼ 59.4%€109k▲ 46.4%€100k▼ 8.7%€131k▲ 31.1%
Net result€100k-€81k▼ 19.0%€75k▼ 7.7%€33k▼ 56.4%€70k▲ 115%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 31% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €335k
Fixed assets
€93k ▲ 194%
Current assets
€241k ▲ 11.8%
Equity and liabilities €335k
Equity
€102k ▼ 25.7%
Debt
€232k ▲ 112%
Debt's share of the balance-sheet total rises from 44.3% to 69.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€151k▲
2024 · €112k
Cash flow
€91k▲
2024 · €45k
Current ratio
1.16▼
2024 · 1.97
Debt to equity
2.27▲
2024 · 0.80
ROE
68.7%▲
2024 · 23.7%
ROA
21.0%▲
2024 · 13.2%
Interest coverage
193.52▲
2024 · 7.17
Debt ≤ 1 year
€208k▲
2024 · €110k
Debt > 1 year
€24k
Income taxes
€59k▲
2024 · €51k
Staff costs
€193k▲
2024 · €138k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€248k€335k▲
Formation expenses20€0€0=
Fixed assets21/28€32k€93k▲
Intangible fixed assets21€752€249▼
Tangible fixed assets22/27€31k€93k▲
Plant, machinery and equipment23€11k€3k▼
Furniture and vehicles24€20k€90k▲
Financial fixed assets28€25€25=
Current assets29/58€216k€241k▲
Amounts receivable within one year40/41€81k€138k▲
Trade receivables40€66k€112k▲
Other amounts receivable41€15k€27k▲
Cash at bank and in hand54/58€135k€102k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€248k€335k▲
Equity10/15€138k€102k▼
Contributions10/11€19k€19k=
Reserves13€77k€77k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€75k€75k=
Profit (loss) carried forward14€42k€7k▼
Amounts payable17/49€110k€232k▲
Amounts payable after more than one year17-€24k
Financial debts170/4-€24k
Amounts payable within one year42/48€110k€208k▲
Current portion of amounts payable after more than one year42-€33k
Trade debts44€45k€59k▲
Suppliers440/4€45k€59k▲
Taxes, remuneration and social security45€63k€116k▲
Taxes450/3€47k€67k▲
Remuneration and social security454/9€16k€49k▲
Other amounts payable47/48€2k-
Accrued charges and deferred income492/3€119-
Income statement
Code20242025
Remuneration, social security and pensions62€138k€193k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€21k▲
Other operating charges640/8€0€4k▲
Non-recurring operating charges66A€25k-
Gross operating margin9900€276k€348k▲
Operating profit (loss)9901€100k€131k▲
Financial income75/76B€0€5▲
Recurring financial income75€0€5▲
Financial charges65/66B€16k€781▼
Recurring financial charges65€16k€781▼
Profit (loss) for the period before taxes9903€84k€130k▲
Income taxes67/77€51k€59k▲
Profit (loss) for the period9904€33k€70k▲
Profit (loss) for the period to be appropriated9905€33k€70k▲
Appropriation of the result
Profit (loss) to be appropriated9906€325k€113k▼
Profit (loss) brought forward from the previous period14P€292k€42k▼
Profit to be distributed694/7€282k€106k▼
Return on contributions (dividend)694€282k€106k▼
The notes to these accounts (12 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2024
31-12
Financial
Weakest financial yearnet €33k ▼56.4%
Net result drops to €33k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Liquidity quadruplescurrent ratio 10.61
Current ratio from 2.58 to 10.61; short-term debt falls from €177k to €38k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 80 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Equity above €200kEq €271k ▲43.9%
3 profitable years in a row build equity to €271k.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial
Equity above €150kEq €189k ▲64%
2 profitable years in a row build equity to €189k.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
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, Kasterlee · 1 establishment unit since 2018
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.
Boskant 182460 KasterleeGround area
1,497 m²
Building footprint
155 m²
Volume, LiDAR
979 m³
Parcel 13018C0374/00L000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VaCro
since 20182.282.868.670
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13018C0374/00L000 | Flanders | 1,497 m² | 1 · 155 m² | 9.0 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.
Similar companies · same sector, comparable size
Quality Projects Services & Solutions
BE 0843.564.854
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RED BEAM
BE 0899.622.045
La Hulpe · Eq €102,704
ECOSIA BUILD
BE 0714.982.743
Dilbeek · Eq €102,107
SELECT BUILDING
BE 0413.165.560
Brugge · Eq €102,045
LYBRA
BE 0563.810.817
Dentergem · Eq €102,032
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 5,307 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
71111Activities of building architects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.