VAHACON
ActiveThe computed 12-month bankruptcy probability of VAHACON is 2.0% (moderate). The 2025 annual accounts show equity of €112k and a net result of €36k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 44% of 27711 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+17
Solvency67▲+12
Growth52=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.16 against 1.6 in 2024; short-term debt: 16.8% and cash: 3.9% of total assets), but 57.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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
42.3%
Return on assets
13.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 5 filingsDeviation from the deadline
2025
18 d late
2024
61 d late
2023
30 d late
2022
2 d early
2021
22 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€112k▲ 46.8%
2024 · €76k
2021: €54k
2022: €71k
2023: €76k
2024: €76k
2021 → 2025
Total assets
€266k▲ 5.2%
2024 · €252k
2021: €305k
2022: €338k
2023: €288k
2024: €252k
2021 → 2025
Net result
€36k▲ 336,940%
2024 · €11
2021: €53k
2022: €17k
2023: €5k
2024: €11
2021 → 2025
Working capital
€52k▲ 126%
2024 · €23k
2021: €18k
2022: €13k
2023: €21k
2024: €23k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€54k-€71k▲ 30.7%€76k▲ 7.4%€76k=€112k▲ 46.8%
Operating result€87k-€25k▼ 71.7%€11k▼ 56.8%€3k▼ 70.5%€48k▲ 1,414%
Net result€53k-€17k▼ 68.7%€5k▼ 68.4%€11▼ 99.8%€36k▲ 336,940%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,414% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €266k
Fixed assets
€169k▼ 11.6%
Current assets
€96k▲ 58.2%
Equity and liabilities €266k
Equity
€112k▲ 46.8%
Debt
€153k▼ 12.8%
The debt ratio falls from 69.7% to 57.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€87k▲
2024 · €41k
Cash flow
€75k▲
2024 · €38k
Solvency
42.3%▲
2024 · 30.3%
Current ratio
2.16▲
2024 · 1.60
Quick ratio
2.16▲
2024 · 1.60
Debt / equity
1.37▼
2024 · 2.30
ROE
31.9%▲
2024 · 0.0%
ROA
13.5%▲
2024 · 0.0%
Interest coverage
30.87▲
2024 · 13.12
Debt
€153k▼
2024 · €176k
Debt ≤ 1 year
€45k▲
2024 · €38k
Debt > 1 year
€109k▼
2024 · €137k
Income taxes
€9k
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€252k€266k▲
Fixed assets21/28€191k€169k▼
Tangible fixed assets22/27€191k€169k▼
Land and buildings22€134k€126k▼
Plant, machinery and equipment23€24k€18k▼
Furniture and vehicles24€33k€25k▼
Current assets29/58€61k€96k▲
Amounts receivable within one year40/41€29k€83k▲
Trade receivables40€26k€68k▲
Other amounts receivable41€3k€15k▲
Cash at bank and in hand54/58€30k€10k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€252k€266k▲
Equity10/15€76k€112k▲
Contributions10/11€1k€1k=
Reserves13€53k€53k=
Distributable reserves133€53k€53k=
Profit (loss) carried forward14€22k€58k▲
Amounts payable17/49€176k€153k▼
Amounts payable after more than one year17€137k€109k▼
Financial debts170/4€137k€109k▼
Amounts payable within one year42/48€38k€45k▲
Current portion of amounts payable after more than one year42€34k€30k▼
Trade debts44€4k€15k▲
Suppliers440/4€4k€15k▲
Taxes, remuneration and social security45€855-
Taxes450/3€855-
Accrued charges and deferred income492/3€479-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€39k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€44k€90k▲
Operating profit (loss)9901€3k€48k▲
Financial income75/76B€32€105▲
Recurring financial income75€32€105▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€11€45k▲
Income taxes67/77-€9k
Profit (loss) for the period9904€11€36k▲
Profit (loss) for the period to be appropriated9905€11€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€58k▲
Profit (loss) brought forward from the previous period14P€22k€22k=
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Equity above €100kEq €112k ▲46.8%
5 profitable years in a row build equity to €112k.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €11 ▼99.8%
Net result drops to €11, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Dendermonde · 1 establishment unit since 2020
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.
Heerlijkheidstraat (SCH) 46a9200 DendermondeGround area
518 m²
Building footprint
152 m²
Volume, LiDAR
829 m³
Parcel 42019A2088/00P000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VAHACON
since 20202.310.833.968
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42019A2088/00P000 | Flanders | 518 m² | 1 · 151 m² | 9.6 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 842 EUR awarded · 842 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 620 EUR | 620 EUR |
| 2024 | 1 | 222 EUR | 222 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 8,456 companies in sector 43120 we hold annual accounts for 3,233. 2,648 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2020
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
16230Manufacture of other builders' carpentry and joinery
43350Other building finishing work
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.