VAESEN CONSTRUCT
ActiveVAESEN CONSTRUCT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16k and a net result of €6k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 1885 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
86
/ 100
Excellent▲ +59 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency61▲+30
Growth78▲+46
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 1.2 in 2024), and 67.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
32.4%
Return on assets
12.4%
Age of the figures
8 mo
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 · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €16k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
25 d late
2023
29 d late
2022
30 d late
2021
30 d late
2020
31 d late
2019
32 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€16k▲ 61.6%
2024 · €10k
2018: €12k
2019: €18k
2020: €3k
2021: €6k
2022: €-589
2023: €10k
2024: €10k
2018 → 2025
Total assets
€51k▲ 3.4%
2024 · €49k
2018: €99k
2019: €94k
2020: €115k
2021: €93k
2022: €39k
2023: €70k
2024: €49k
2018 → 2025
Net result
€6k
2024 · €-248
2018: €120
2019: €6k
2020: €-15k
2021: €3k
2022: €-6k
2023: €11k
2024: €-248
2018 → 2025
Working capital
€15k▲ 88.9%
2024 · €8k
2018: €6k
2019: €13k
2020: €-2k
2021: €2k
2022: €-4k
2023: €7k
2024: €8k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6k-€-589€10k€10k▼ 2.4%€16k▲ 61.6%
Operating result€2k-€-6k€11k€2k▼ 79.8%€7k▲ 196%
Net result€3k-€-6k€11k€-248€6k
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 196% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51k
Fixed assets
€2k▼ 25.0%
Current assets
€49k▲ 4.9%
Equity and liabilities €51k
Equity
€16k▲ 61.6%
Debt
€34k▼ 11.8%
The debt ratio falls from 79.3% to 67.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€7k▲
2024 · €3k
Cash flow
€7k▲
2024 · €362
Solvency
32.4%▲
2024 · 20.7%
Current ratio
1.43▲
2024 · 1.20
Quick ratio
1.43▲
2024 · 1.20
Debt / equity
2.09▼
2024 · 3.82
ROE
38.1%▲
2024 · -2.4%
ROA
12.4%▲
2024 · -0.5%
Interest coverage
21.28▲
2024 · 1.15
Debt
€34k▼
2024 · €39k
Debt ≤ 1 year
€34k▼
2024 · €39k
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€49k€51k▲
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Plant, machinery and equipment23€2k€2k▼
Current assets29/58€47k€49k▲
Amounts receivable within one year40/41€25k€36k▲
Trade receivables40€2k€11k▲
Other amounts receivable41€24k€26k▲
Cash at bank and in hand54/58€21k€13k▼
Equity and liabilities
Total equity and liabilities10/49€49k€51k▲
Equity10/15€10k€16k▲
Contributions10/11€6k€6k=
Reserves13€12k€12k=
Non-distributable reserves130/1€6k€6k=
Other1319€6k€6k=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€-8k€-2k▲
Amounts payable17/49€39k€34k▼
Amounts payable within one year42/48€39k€34k▼
Financial debts43€37k€25k▼
Other loans439€37k€25k▼
Trade debts44-€8k
Suppliers440/4-€8k
Taxes, remuneration and social security45€2k€667▼
Taxes450/3€2k€667▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€610€610=
Other operating charges640/8€499€512▲
Gross operating margin9900€3k€8k▲
Operating profit (loss)9901€2k€7k▲
Financial charges65/66B€2k€340▼
Recurring financial charges65€2k€340▼
Profit (loss) for the period before taxes9903€-248€6k▲
Profit (loss) for the period9904€-248€6k▲
Profit (loss) for the period to be appropriated9905€-248€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-2k▲
Profit (loss) brought forward from the previous period14P€-8k€-8k▼
The notes to these accounts (4 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-15k ▼345%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Pelt · 1 establishment unit since 2015
Ground area
4,487 m²
Building footprint
2,564 m²
Volume, LiDAR
17,229 m³
Parcel 72502E0102/00S143, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VAESEN CONSTRUCT
since 20152.243.628.212
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502E0102/00S143 | Flanders | 4,487 m² | 1 · 2,564 m² | 8.5 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.
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Of 3,964 companies in sector 25110 we hold annual accounts for 2,133. 968 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-01-2015
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.