Vaertsteen is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €41k and a net result of €105k. Equity is shrinking by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 15% of 5521 sector peers (fiscal year 2025). The company has been active since 2018 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
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 5521 sector peers (2025).
NBB · sector comparisonPosition among 5521 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-03-2026, 144 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
144 d early
2024
128 d early
2023
156 d early
2022
132 d early
2021
158 d early
2020
113 d early
2019
31 d early
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€41k=
2024 · €41k
2018: €99k
2019: €171k
2020: €171k
2021: €41k
2022: €41k
2023: €41k
2024: €41k
2018 → 2025
Net result
€105k▲ 12.2%
2024 · €94k
2018: €200k
2019: €427k
2020: €427k
2021: €155k
2022: €129k
2023: €178k
2024: €94k
2018 → 2025
Total assets
€324k▲ 1.6%
2024 · €319k
2018: €257k
2019: €565k
2020: €565k
2021: €331k
2022: €329k
2023: €337k
2024: €319k
2018 → 2025
Solvency
12.6%▼ 0.2pp
2024 · 12.8%
2018: 38.4%
2019: 30.2%
2020: 30.2%
2021: 12.3%
2022: 12.5%
2023: 12.2%
2024: 12.8%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€41k-€41k=€41k=€41k=€41k=
Operating result€160k-€144k▼ 9.9%€205k▲ 42.4%€124k▼ 39.5%€141k▲ 13.7%
Net result€155k-€129k▼ 16.8%€178k▲ 37.9%€94k▼ 47.3%€105k▲ 12.2%
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 2025; 2025 is 14% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €324k
Fixed assets
€2k▼ 80.2%
Current assets
€322k▲ 4.3%
Equity and liabilities €324k
Equity
€41k=
Debt
€283k▲ 1.8%
The debt ratio rises from 87.2% to 87.4%. Debt is higher.
Key figures and ratios
Solvency
12.6%▼
2024 · 12.8%
ROE
257.0%▲
2024 · 229.1%
ROA
32.5%▲
2024 · 29.4%
Debt
€283k▲
2024 · €278k
Debt ≤ 1 year
€258k▼
2024 · €278k
Income taxes
€26k▲
2024 · €21k
Staff costs
€1.14M▲
2024 · €946k
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€319k€324k▲
Fixed assets21/28€10k€2k▼
Tangible fixed assets22/27€10k€2k▼
Furniture and vehicles24€10k€2k▼
Current assets29/58€309k€322k▲
Amounts receivable within one year40/41€143k€0▼
Trade receivables40€143k€0▼
Cash at bank and in hand54/58€157k€306k▲
Deferred charges and accrued income490/1€8k€16k▲
Equity and liabilities
Total equity and liabilities10/49€319k€324k▲
Equity10/15€41k€41k=
Contributions10/11€39k€39k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€0€0=
Amounts payable17/49€278k€283k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€278k€258k▼
Current portion of amounts payable after more than one year42€1k€0▼
Financial debts43€2k€3k▲
Credit institutions430/8€2k€3k▲
Trade debts44€36k€19k▼
Suppliers440/4€36k€19k▼
Taxes, remuneration and social security45€177k€175k▼
Taxes450/3€16k€36k▲
Remuneration and social security454/9€160k€139k▼
Other amounts payable47/48€63k€62k▼
Accrued charges and deferred income492/3-€25k
Income statement
Code20242025
Remuneration, social security and pensions62€946k€1.14M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€11k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€1.08M€1.29M▲
Operating profit (loss)9901€124k€141k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€115k€131k▲
Income taxes67/77€21k€26k▲
Profit (loss) for the period9904€94k€105k▲
Profit (loss) for the period to be appropriated9905€94k€105k▲
Appropriation of the result
Profit (loss) to be appropriated9906€94k€105k▲
Profit to be distributed694/7€94k€105k▲
Directors or managers695€63k€62k▼
Other beneficiaries697€31k€43k▲
Social balance
Average headcount (FTE)908712.113.5▲
The notes to these accounts (7 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
09-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €94k ▼47.3%
Net result drops to €94k, the lowest in the series; recovery starts the following year.
26-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150kEq €171k ▲72.6%
2 profitable years in a row build equity to €171k.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
21-12-2020
Resigned as Director
Location & real-estate footprint
Registered office, Wetteren · 2 establishment units 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.
Schuttersveld 369230 WetterenGround area
2,553 m²
Building footprint
879 m²
Volume, LiDAR
2,664 m³
3 parcels, Flanders · tallest building 14.6 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Kantoor Melle
since 20182.273.829.953
kantoor Wetteren
since 20242.355.546.218
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42302E0313/00G000 | Flanders | 1,819 m² | 1 · 498 m² | - |
| 44040C0166/00L006 | Flanders | 442 m² | 1 · 258 m² | 14.6 m · 3 fl. |
| 42302D0918/00Y000 | Flanders | 292 m² | 1 · 124 m² | 11.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 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
LAGIMO FINANCE
BE 0873.472.726
Zandhoven · Eq €37k
FIPOS
BE 0769.353.718
Brussel · Eq €36k
NET PLACE
BE 0544.769.915
Antwerpen · Eq €36k
VALURA
BE 0693.755.975
Brugge · Eq €34k
CJ FINANCES
BE 0787.506.277
Bastogne · Eq €30k
Of 232 companies in sector 64190 we hold annual accounts for 109. 55 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-02-2018
Fiscal year end31-12
Activities, NACEBEL
64190Financial service activities, except insurance and pension funding
66191Agents and brokers in banking services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.