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Generated 16-07-2026
Active BE 0846.853.451Private limited company

Vaes

Waardstraat 93 ·3520 Zonhoven, Belgium· 14 yrs active
Sector: Wholesale trade (46321)
Conclusion Checked

The computed 12-month bankruptcy probability of Vaes is 0.7% (low). The 2024 annual accounts show equity of €4.83M and a net result of €1.11M. Equity is growing by ~21.3% per year across the filed fiscal years. Its solvency ranks better than 88% of 538 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €4.83M
Net result €1.11M
Staff (FTE) 10.8
Better than sector 88%
Snowflake analysis 5 axes · computed by Checked
Health100Profitability64Solvency100Growth78Stability100
88 / 100

Exceptional profile, strong across almost every axis.

Health 100
Profitability 64
Solvency 100
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.7% Low
0%0,5%1,5%4%10%≥25%
Multiple establishment units +Annual accounts: healthy financial profile −Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Established
Founded in 2012, 14 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
100 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 12-08-2025 with the NBB · fiscal year 2024 · volledig
€-5.00M€0€5.00M€10.00M€15.00M€20.00MOperating result 2020: €241k€241kNet result 2020: €-53k€-53kOperating result 2021: €325k€325kNet result 2021: €246k€246kOperating result 2022: €510k€510kNet result 2022: €352k€352kOperating result 2023: €662k€662kNet result 2023: €421k€421kRevenue 2024: €19.81M€19.81MOperating result 2024: €1.48M€1.48MNet result 2024: €1.11M€1.11M20202021202220232024
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~21.3%/year over 7 fiscal years, indicative, assuming unchanged policy.
€0€2.00M€4.00M€6.00M2025: €3.17M (€2.78M - €3.55M)2026: €3.84M (€3.45M - €4.22M)2027: €4.66M (€4.27M - €5.04M)2018: €821k2019: €1.08M2020: €1.22M2021: €1.46M2022: €1.73M2023: €2.15M2024: €4.83M2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 73.9% 31.0%
better than 88% of 538 sector peers
Net result €1.11M €49k
better than 86% of 538 sector peers
Equity €4.83M €467k
better than 80% of 539 sector peers
Staff costs €485k €496k
higher than 50% of 397 sector peers
Employees (FTE) 10.8 7.6
better than 57% of 352 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€19.81M
- +52% vs sector
EBITDA
€1.56M
+117.0% +136% vs sector
Net profit
€1.11M
+162.8% +196% vs sector
Cash flow
€1.18M
+147.3% +152% vs sector
Total assets
€6.53M
+17.2% +90% vs sector
Equity
€4.83M
+124.2% +293% vs sector
Working capital
€3.77M
+202.4% far above sector median
Employees (FTE)
11
0.0% +48% vs sector
Staff costs
€485k
+10.3% +84% vs sector
Income taxes
€377k
+82.4% +245% vs sector
Dividends
€125k
+62.1% -77% vs sector
Debt
€1.70M
-50.2% -23% vs sector
Debt ≤ 1y
€1.68M
-50.3% -6% vs sector
Debt > 1y
€27k
-43.8% -97% vs sector
Current ratio
3.25
+137.1% +124% vs sector
Quick ratio
3.09
+137.9% +180% vs sector
Solvency
73.9%
+91.4% +115% vs sector
Debt / equity
0.35
-77.8% -82% vs sector
ROE
22.9%
+17.2% -33% vs sector
ROA
16.9%
+124.2% +40% vs sector
Net margin
5.6%
- far above sector median
EBITDA margin
7.9%
- +56% vs sector
Interest coverage
248.96
+1545.9% far above sector median
Figures by fiscal year
Fiscal year2024
Revenue€19.81M
EBITDA€1.56M
Net profit€1.11M
Cash flow€1.18M
Staff costs€485k
Income taxes€377k
Dividends€125k
Total assets€6.53M
Equity€4.83M
Debt€1.70M
of which ≤ 1y€1.68M
of which > 1y€27k
Working capital€3.77M
Employees (FTE)10.8
Ratios (computed)
2024
Current ratio3.25
Quick ratio3.09
Working capital ratio57.7%
Solvency73.9%
Debt / equity0.35
Long-term debt ratio0.01
Interest coverage248.96
Gross margin18.3%
Net margin5.6%
ROA16.9%
ROE22.9%
EBITDA margin7.9%
Days sales outstanding56d
Days payable outstanding21d
Inventory turnover63.32
Days inventory (DSI)6d
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€6.53M
Fixed assets 21/28€1.09M
Tangible fixed assets 22/27€870k
Financial fixed assets 28€218k
Current assets 29/58€5.44M
Stocks & contracts in progress 3€256k
Amounts receivable within one year 40/41€3.11M
Cash & bank 54/58€1.96M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€6.53M
Equity 10/15€4.83M
Contributions / capital 10/11€457k
Reserves 13€4.37M
Amounts payable 17/49€1.70M
Amounts payable after one year 17€27k
Amounts payable within one year 42/48€1.68M
Trade debts payable within one year 44€942k
Income statement
Turnover 70€19.81M
Operating result 9901€1.48M
Financial income 75€6k
Financial charges 65€6k
Result before taxes 9903€1.48M
Income taxes 67/77€377k
Net result for the period 9904€1.11M
Result to be appropriated 9905€1.36M
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Wholesale trade(46321)
Legal form Private limited company(610)
Incorporation26-06-2012
StatusActive
Postal code3520
Establishment units 2 locations
VAES BVBA
Waardstraat 93, 3520 ZonhovenGraanteelt (muv rijst) : harde tarwe, zachte tarwe, rogge, gerst, haver, maïs, enz
since 20122.211.448.461
VAES BVBA
Overbroekstraat 6, 3830 WellenGroothandel in levend vee
since 20122.211.533.088
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73098D0739/00Z000 Flanders 2,409 m² 1 · 681 m² 5.8 m · 1 fl.
71442C1174/00D000 Flanders 623 m² 1 · 154 m² 9.9 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
12-08-2025
NBB filing Annual accounts filed
fiscal year 2024 · volledig
2024
04-07-2024
State Gazette act Statutes amendment
12-04-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
31-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
17-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
31-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
13-11-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
30-09-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
24-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
30-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
05-07-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 2 years ago
2024
04-07-2024 Articles of association amended, change of corporate purpose Statutes amendment
Technical details 
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    "pub_date": "2024-07-04",
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    "current_zetel_raw": "Waardstraat 93, 3520 Zonhoven",
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  "co_filed_documents": [],
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    "split_ratio": null,
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    "capital_after_eur": null,
    "capital_before_eur": 438083.92,
    "share_classes_after": [
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}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Groothandel in vlees en vleesproducten, uitgezonderd vlees van wild en van gevogelte46321Groothandel in vlees en vleesproducten, uitgezonderd vlees van wild en van gevogelte46321Gemengd bedrijf01500Gemengd landbouwbedrijf01500
Primary activity highlighted.
Names & trade names
Legal nameNL Vaes
Registered office
Waardstraat 93
3520 Zonhoven, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative