VAERT
ActiveSummary
VAERT has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.5m and a net result of €148,382. Equity is growing by ~13.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+14
Solvency100▲+7
Growth59▼-18
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 43.76 against 0.68 in 2023; short-term debt: 0.2% and cash: 0% of total assets), and 0.2% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
99.8%
Return on assets
9.7%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-08-2025, 4 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
4 d late
2023
48 d early
2022
38 d early
2021
33 d early
2020
44 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 33 days before 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 (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, unclassified schema
Turnover
€1.7m▼ 28.9%
2023 · €2.4m
EBIT margin
5.4%▲ 5.2pp
2023 · 0.2%
Net result
€148,382▲ 233%
2023 · €44,528
Working capital
€107,756
2023 · -€206,422
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€1.9m€2.2m▲ 14.7%€2.4m▲ 11.1%€1.7m▼ 28.9%
Operating result€302,043▼ 33.7%€142,676▼ 52.8%€250,494▲ 75.6%€5,105▼ 98.0%€92,321▲ 1,708%
Net result€235,374▼ 23.2%€101,949▼ 56.7%€204,574▲ 101%€44,528▼ 78.2%€148,382▲ 233%
EBIT margin7.5%11.5%▲ 4.0pp0.2%▼ 11.3pp5.4%▲ 5.2pp
Equity€1.0m▲ 29.6%€1.1m▲ 9.9%€1.3m▲ 18.1%€1.4m▲ 3.3%€1.5m▲ 10.7%
Total assets€1.7m▲ 22.0%€1.8m▲ 1.4%€2.1m▲ 16.2%€2.0m▼ 0.8%€1.5m▼ 24.8%
Debt€695,060▲ 12.8%€616,837▼ 11.3%€697,828▲ 13.1%€637,681▼ 8.6%€2,520▼ 99.6%
Working capital€284,808▲ 30.4%€101,166▼ 64.5%-€284,291-€206,422▲ 27.4%€107,756
Staff (FTE)29.4▼ 1.3%27.7▼ 5.8%27.6▼ 0.4%29.6▲ 7.2%30.2▲ 2.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,708% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€1.4m ▼ 11.6%
Current assets
€110,276 ▼ 74.3%
Equity and liabilities €1.5m
Equity
€1.5m ▲ 10.7%
Provisions
€0 ▼ 100%
Debt
€2,520 ▼ 99.6%
Debt's share of the balance-sheet total falls from 31.3% to 0.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€150,105▲
2023 · €60,979
Cash flow
€206,166▲
2023 · €100,402
Current ratio
43.76▲
2023 · 0.68
Debt to equity
0.00▼
2023 · 0.46
ROE
9.7%▲
2023 · 3.2%
ROA
9.7%▲
2023 · 2.2%
Interest coverage
83.21▲
2023 · 48.13
Debt ≤ 1 year
€2,520▼
2023 · €635,375
Income taxes
-€1,712▼
2023 · €14,611
Staff costs
€1.5m▼
2023 · €2.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €2.1m | €2.5m | €2.9m | €2.1m | ▼ 27.3% |
| Turnover70 | - | €1.9m | €2.2m | €2.4m | €1.7m | ▼ 28.9% |
| Other operating income74 | - | €173,228 | €283,797 | €482,577 | €388,792 | ▼ 19.4% |
| Non-recurring operating income76A | - | €4,838 | - | - | - | - |
| Operating charges60/66A | - | €1.9m | €2.2m | €2.9m | €2.0m | ▼ 30.4% |
| Goods for resale, raw materials and consumables60 | - | €199,611 | €199,808 | €207,100 | €145,914 | ▼ 29.5% |
| Purchases600/8 | - | €199,611 | €200,041 | €206,932 | €145,914 | ▼ 29.5% |
| Change in stocks: decrease (increase)609 | - | - | -€233 | €168 | - | - |
| Services and other goods61 | - | €322,400 | €335,422 | €481,136 | €280,169 | ▼ 41.8% |
| Remuneration, social security and pensions62 | - | €1.3m | €1.6m | €2.1m | €1.5m | ▼ 27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,036 | €43,036 | €51,653 | €55,874 | €57,784 | ▲ 3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €18,484 | €12,377 | €12,297 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | -€18,550 | - |
| Other operating charges640/8 | - | €17,216 | €1,050 | €1,316 | €7,397 | ▲ 462% |
| Non-recurring operating charges66A | - | €1,071 | €8,382 | €8,385 | - | - |
| Gross operating margin9900 | €1.7m | - | - | - | - | - |
| Operating profit (loss)9901 | €302,043 | €142,676 | €250,494 | €5,105 | €92,321 | ▲ 1,708% |
| Financial income75/76B | - | €7,598 | €16,340 | €57,183 | €56,953 | ▼ 0.4% |
| Recurring financial income75 | €3,542 | €7,598 | €16,340 | €57,183 | €56,953 | ▼ 0.4% |
| Income from financial fixed assets750 | - | €7,598 | €16,216 | €56,480 | €56,642 | ▲ 0.3% |
| Other financial income752/9 | - | - | €124 | €704 | €311 | ▼ 55.8% |
| Financial charges65/66B | - | €3,320 | €2,813 | €3,150 | €2,604 | ▼ 17.3% |
| Recurring financial charges65 | €2,579 | €3,320 | €2,813 | €3,150 | €2,604 | ▼ 17.3% |
| Debt charges650 | - | €976 | €1,042 | €1,267 | €1,804 | ▲ 42.4% |
| Other financial charges652/9 | - | €2,343 | €1,772 | €1,882 | €800 | ▼ 57.5% |
| Profit (loss) for the period before taxes9903 | €303,007 | €146,954 | €264,020 | €59,139 | €146,670 | ▲ 148% |
| Income taxes67/77 | €67,633 | €45,004 | €59,446 | €14,611 | -€1,712 | ▼ 112% |
| Taxes670/3 | - | €45,004 | €63,000 | €14,800 | €263 | ▼ 98.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | €3,554 | €189 | €1,975 | ▲ 943% |
| Profit (loss) for the period9904 | €235,374 | €101,949 | €204,574 | €44,528 | €148,382 | ▲ 233% |
| Profit (loss) for the period to be appropriated9905 | €235,374 | €101,949 | €204,574 | €44,528 | €148,382 | ▲ 233% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.8m | €2.1m | €2.0m | €1.5m | ▼ 24.8% |
| Fixed assets21/28 | €764,033 | €1.1m | €1.7m | €1.6m | €1.4m | ▼ 11.6% |
| Intangible fixed assets21 | - | - | €11,280 | €6,074 | - | - |
| Tangible fixed assets22/27 | €560,787 | €517,750 | €503,407 | €496,176 | €388,641 | ▼ 21.7% |
| Land and buildings22 | - | €517,750 | €474,714 | €431,677 | €388,641 | ▼ 10.0% |
| Plant, machinery and equipment23 | - | - | €14,673 | €53,616 | - | - |
| Furniture and vehicles24 | - | - | €4,924 | €2,752 | - | - |
| Other tangible fixed assets26 | - | - | €9,096 | €8,130 | - | - |
| Financial fixed assets28 | €203,247 | €532,607 | €1.1m | €1.1m | €1.0m | ▼ 6.6% |
| Affiliated companies280/1 | - | €532,607 | €1.1m | €1.1m | €1.0m | ▼ 6.6% |
| Amounts receivable281 | - | €532,607 | €1.1m | €1.1m | €1.0m | ▼ 6.6% |
| Current assets29/58 | €979,868 | €717,271 | €401,302 | €428,953 | €110,276 | ▼ 74.3% |
| Stocks and contracts in progress3 | - | - | €233 | €66 | - | - |
| Stocks30/36 | - | - | €233 | €66 | - | - |
| Goods purchased for resale34 | - | - | €233 | €66 | - | - |
| Amounts receivable within one year40/41 | €233,920 | €226,759 | €232,422 | €263,812 | €51,766 | ▼ 80.4% |
| Trade receivables40 | - | €201,957 | €203,576 | €228,220 | €51,766 | ▼ 77.3% |
| Other amounts receivable41 | - | €24,802 | €28,846 | €35,592 | - | - |
| Cash at bank and in hand54/58 | €677,389 | €481,876 | €134,674 | €85,951 | €763 | ▼ 99.1% |
| Deferred charges and accrued income490/1 | - | €8,636 | €33,973 | €79,124 | €57,747 | ▼ 27.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.8m | €2.1m | €2.0m | €1.5m | ▼ 24.8% |
| Equity10/15 | €1.0m | €1.1m | €1.3m | €1.4m | €1.5m | ▲ 10.7% |
| Contributions10/11 | - | €33,466 | €33,466 | €33,466 | €33,466 | = |
| Revaluation surpluses12 | - | €252,968 | €242,126 | €231,285 | €220,443 | ▼ 4.7% |
| Reserves13 | €97,573 | €108,415 | €119,256 | €130,098 | €140,939 | ▲ 8.3% |
| Non-distributable reserves130/1 | - | €108,415 | €119,256 | €130,098 | €140,939 | ▲ 8.3% |
| Reserves not available under the articles1311 | - | €108,415 | €119,256 | €130,098 | €140,939 | ▲ 8.3% |
| Profit (loss) carried forward14 | €635,444 | €737,393 | €941,967 | €986,495 | €1.1m | ▲ 15.0% |
| Provisions and deferred taxes16 | €18,550 | €18,550 | €18,550 | €18,550 | - | - |
| Provisions for liabilities and charges160/5 | - | €18,550 | €18,550 | €18,550 | - | - |
| Other liabilities and charges164/5 | - | €18,550 | €18,550 | €18,550 | - | - |
| Amounts payable17/49 | €695,060 | €616,837 | €697,828 | €637,681 | €2,520 | ▼ 99.6% |
| Amounts payable within one year42/48 | €695,060 | €616,105 | €685,592 | €635,375 | €2,520 | ▼ 99.6% |
| Financial debts43 | - | €173,368 | €173,412 | - | - | - |
| Credit institutions430/8 | - | €173,368 | €173,412 | - | - | - |
| Trade debts44 | €53,903 | €177,296 | €114,240 | €229,262 | €2,520 | ▼ 98.9% |
| Suppliers440/4 | - | €177,296 | €114,240 | €229,262 | €2,520 | ▼ 98.9% |
| Taxes, remuneration and social security45 | - | €265,441 | €397,561 | €406,113 | - | - |
| Taxes450/3 | - | €60,212 | €149,195 | €38,869 | - | - |
| Remuneration and social security454/9 | - | €205,229 | €248,366 | €367,244 | - | - |
| Other amounts payable47/48 | - | - | €379 | - | - | - |
| Accrued charges and deferred income492/3 | - | €732 | €12,235 | €2,306 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €235,374 | €101,949 | €204,574 | €44,528 | €148,382 | ▲ 233% |
| + Depreciation and write-downs630 | €43,036 | €43,036 | €51,653 | €55,874 | €57,784 | ▲ 3.4% |
| Operating cash flow (approximation) | €278,410 | €144,986 | €256,227 | €100,402 | €206,166 | ▲ 105% |
| Investment in fixed assets (approximation) | - | -€329,360 | -€653,187 | -€12,604 | €128,869 | ▲ 1,122% |
| Change in cash | - | -€195,513 | -€347,202 | -€48,723 | -€85,188 | ▼ 74.8% |
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
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 4 days late
2024
31-12
Financial
Liquidity times 65current ratio 43.76
Current ratio from 0.68 to 43.76; short-term debt falls from €635,375 to €2,520.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €1mEq €1.0m ▲29.6%
2 profitable years in a row build equity to €1.0m.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €306,373
Net result €306,373 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €794,918 ▲62.7%
Equity rises from €488,544 to €794,918.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
8 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, Braives · 1 establishment unit since 1993
Ground area
1.3 ha
Building footprint
592 m²
Volume, LiDAR
2,852 m³
Parcel 64015A0068/00C000, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VAERT
since 19932.060.828.940
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64015A0068/00C000 | Wallonia | 1.3 ha | 1 · 592 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBraives2.060.828.940
Identification & contact
Identification
Legal formPrivate limited company
Founded01-09-1990
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.