Equity
€42,534 ▲ 170%
VAES GERT has made a profit in every financial year since 2023.
VAES GERT
Lifetime
3 annual accounts with figures on one time axispeak €38,675 (2025)
€38,675▲ 540%
peak €26,761 (2025)
€26,761▲ 15×
peak €42,534 (2025)
€42,534▲ 170%
€13,152▼ 61.4%
Board1 name since 2023
1 directorVaes,Gert Jozef Madeleine
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Gross margin from €6,039 to €38,675Result from €1,790 to €26,761Equity from €15,773 to €42,534Debts from €34,035 to €13,152Cash from €904 to €54
Key points
from the 2025 annual accountsTurnover
≈ €230,000 estimated
The micro format states no turnover.
Liquidity
3.82 was 1.39 in 2024
Short-term debts fell from €30,621 to €13,085.
Filings
3 annual accounts 1 late
The 2025 accounts came 25 days late. The other two were filed on time.
Starting capital
€2,500 50 shares
Position in the sector
76.4%
Higher solvency than 81% of companies in specialised construction. Sector median 46.7% · 35,125 companies.
Checked score
53
Fair
Financially stronger than 77% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.9%
01-2025: 1.9%● unchanged vs 12-2024lowest value
02-2025: 2.0%▲ +0.1 percentage points vs 01-2025
03-2025: 2.0%● unchanged vs 02-2025
04-2025: 2.1%▲ +0.1 percentage points vs 03-2025
05-2025: 2.2%▲ +0.1 percentage points vs 04-2025
06-2025: 2.3%▲ +0.1 percentage points vs 05-2025
07-2025: 2.4%▲ +0.1 percentage points vs 06-2025
08-2025: 2.7%▲ +0.3 percentage points vs 07-2025
09-2025: 2.7%● unchanged vs 08-2025
10-2025: 2.7%● unchanged vs 09-2025
11-2025: 2.7%● unchanged vs 10-2025
12-2025: 2.7%● unchanged vs 11-2025
01-2026: 2.7%● unchanged vs 12-2025
02-2026: 2.6%▼ -0.1 percentage points vs 01-2026
03-2026: 2.4%▼ -0.2 percentage points vs 02-2026
04-2026: 2.5%▲ +0.1 percentage points vs 03-2026
05-2026: 2.5%● unchanged vs 04-2026
06-2026: 2.5%● unchanged vs 05-2026
07-2026: 2.6%▲ +0.1 percentage points vs 06-2026
08-2026: 3.3%▲ +0.7 percentage points vs 07-2026highest value
09-2026: 2.9%▼ -0.4 percentage points vs 08-2026
10-2026: 3.0%▲ +0.1 percentage points vs 09-2026
11-2026: 3.0%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
Size: total assets €55,686
Liquidity: current ratio 3.82, cash €54, halved
Sector: Specialised construction activities (NACE 43)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 90% of them on solvency, 31% on liquidity, 92% on profitability and 95% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as VAES GERT has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VAES GERT itself is higher: 3.0% within 12 months. It rests on far more data about VAES GERT than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for VAES GERT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.82 (1.39 in 2024), above the usual 1.5. Short-term debt is 23.5% and cash 0.1% of total assets. 23.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
25 days late
2024
22 days early
2023
9 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 2 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 July (3 of the last 3 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0803422096
Incorporation
Founding capital of €2,500, 50 shares · Founder: Vaes, Gert Jozef Madeleine · Appointment: Vaes, Gert Jozef Madeleine (director) · published on 04-07-2023 · Gazette deed
First establishment
Tulpenstraat 1, Diepenbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VAES GERT Diepenbeek | €55,686 | €38,675 | 76.4% | - |
| ROBISA Etterbeek | €62,461 | €37,351 | 79.7% | - |
| Wonder-Wall Tessenderlo-Ham | €72,100 | €38,960 | 47.0% | - |
| MONOS CONSTRUCT Beringen | €49,168 | €25,517 | 78.3% | - |
| Stucco Projects Genk | €77,703 | €45,995 | 91.3% | - |
| Pleisterwerken Corthouts Steve Zonhoven | €82,022 | €41,509 | 68.9% | - |
| PROVAL CONSTRUCT Soignies | €71,731 | €35,324 | 54.5% | - |
These companies have the same main activity as VAES GERT: plastering work (NACE 43310). They are comparable in size and age: total assets between €49,200 and €82,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 30-06-2023Normal situation
- Activity
- Plastering workNACE 43310and 5 others
- Establishment unit
- 2.347.295.3773590 Diepenbeek, since 30-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 15-01-2026
Insights on VAES GERT
VAES GERT files the micro format. That format states no turnover. The gross margin rose from €18,407 in 2023 to €38,675 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VAES GERT
- What is the company number of VAES GERT?
- The company number of VAES GERT is 0803.422.096. The VAT number is the same number with BE in front: BE 0803.422.096.
- Where is VAES GERT based?
- The registered office is at Tulpenstraat 1, 3590 Diepenbeek.Company details
- What does VAES GERT do?
- According to the KBO register, the main activity is plastering work (NACE 43310).
- What is the legal form of VAES GERT?
- VAES GERT is a private limited company (BV).
- When was VAES GERT founded?
- VAES GERT was founded on 30-06-2023.
- Is VAES GERT still active?
- Yes, VAES GERT is an active enterprise in the KBO register.
- What is the turnover of VAES GERT?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €38,675 and 88 comparable companies (NACE 433). It probably lies between €160,000 and €390,000.Financials
- Is VAES GERT profitable?
- In financial year 2025, VAES GERT made a profit of €26,761.
- Where can I find the annual accounts of VAES GERT?
- VAES GERT filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VAES GERT due?
- VAES GERT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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