VAHERAM
ActiveSummary
VAHERAM has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €338k and a net result of €18k. Equity is shrinking by ~4.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability51=
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
short-term debt: 0.5% and cash: 65.6% of total assets, and 0.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
99.5%
Return on assets
5.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-05-2025, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
64 d early
2023
65 d early
2022
61 d early
2021
27 d early
2020
9 d early
2019
46 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€338k▲ 1.5%
2023 · €333k
2018: €499k
2019: €513k▲ +2.7% vs 2018highest in 7 years
2020: €345k▼ -32.7% vs 2019
2021: €345k▼ -0.2% vs 2020
2022: €328k▼ -4.9% vs 2021lowest in 7 years
2023: €333k▲ +1.7% vs 2022
2024: €338k▲ +1.5% vs 2023
2018 → 2024
Total assets
€340k▲ 1.4%
2023 · €335k
2018: €500k
2019: €515k▲ +3.1% vs 2018highest in 7 years
2020: €348k▼ -32.4% vs 2019
2021: €345k▼ -1.0% vs 2020
2022: €328k▼ -4.8% vs 2021lowest in 7 years
2023: €335k▲ +2.1% vs 2022
2024: €340k▲ +1.4% vs 2023
2018 → 2024
Net result
€18k▼ 1.8%
2023 · €18k
2018: €13k
2019: €13k▲ +2.5% vs 2018
2020: €13k▼ -6.1% vs 2019lowest in 7 years
2021: €14k▲ +8.5% vs 2020
2022: €15k▲ +7.2% vs 2021
2023: €18k▲ +24.9% vs 2022highest in 7 years
2024: €18k▼ -1.8% vs 2023
2018 → 2024
Working capital
€221k▲ 2.2%
2023 · €216k
2018: €382k
2019: €396k▲ +3.5% vs 2018highest value
2020: €228k▼ -42.3% vs 2019
2022: €211klowest value
2023: €216k▲ +2.6% vs 2022
2024: €221k▲ +2.2% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€345k-€345k▼ 0.2%€328k▼ 4.9%€333k▲ 1.7%€338k▲ 1.5%
2020: €345khighest in 5 years
2021: €345k▼ -0.2% vs 2020
2022: €328k▼ -4.9% vs 2021lowest in 5 years
2023: €333k▲ +1.7% vs 2022
2024: €338k▲ +1.5% vs 2023
Operating result€18k-€20k▲ 9.1%€21k▲ 6.9%€24k▲ 10.7%€24k▲ 2.7%
2020: €18klowest in 5 years
2021: €20k▲ +9.1% vs 2020
2022: €21k▲ +6.9% vs 2021
2023: €24k▲ +10.7% vs 2022
2024: €24k▲ +2.7% vs 2023highest in 5 years
Net result€13k-€14k▲ 8.5%€15k▲ 7.2%€18k▲ 24.9%€18k▼ 1.8%
2020: €13klowest in 5 years
2021: €14k▲ +8.5% vs 2020
2022: €15k▲ +7.2% vs 2021
2023: €18k▲ +24.9% vs 2022highest in 5 years
2024: €18k▼ -1.8% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 3% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €340k
Fixed assets
€117k =
Current assets
€223k ▲ 2.2%
Equity and liabilities €340k
Equity
€338k ▲ 1.5%
Debt
€2k ▼ 2.7%
Debt's share of the balance-sheet total stays at 0.5%.
Key figures and ratios
Debt to equity
0.01▼
2023 · 0.01
ROE
5.3%▼
2023 · 5.5%
ROA
5.3%▼
2023 · 5.4%
Debt ≤ 1 year
€2k▼
2023 · €2k
Income taxes
€8k▼
2023 · €8k
A ratio outside any meaningful range has been withheld (balance sheet total €340k, equity €338k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€335k€340k▲
Fixed assets21/28€117k€117k=
Tangible fixed assets22/27€117k€117k=
Land and buildings22€117k€117k=
Current assets29/58€218k€223k▲
Amounts receivable within one year40/41€0-
Other amounts receivable41€0-
Current investments50/53€150k€0▼
Cash at bank and in hand54/58€66k€223k▲
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€335k€340k▲
Equity10/15€333k€338k▲
Contributions10/11€164k€164k=
Capital10€164k€164k=
Issued capital100€164k€164k=
Reserves13€170k€175k▲
Non-distributable reserves130/1€16k€16k=
Legal reserve130€16k€16k=
Distributable reserves133€153k€158k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€2k€2k▼
Amounts payable within one year42/48€2k€2k▼
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Income statement
Code20232024
Other operating charges640/8€11k€12k▲
Gross operating margin9900€35k€36k▲
Operating profit (loss)9901€24k€24k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€30€30=
Recurring financial charges65€30€30=
Profit (loss) for the period before taxes9903€27k€26k▼
Income taxes67/77€8k€8k▼
Profit (loss) for the period9904€18k€18k▼
Profit (loss) for the period to be appropriated9905€18k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€18k▼
Transfer from equity791/2€13k€13k▲
Transfer to equity691/2€18k€18k▼
To other reserves6921€18k€18k▼
Profit to be distributed694/7€13k€13k▲
Return on contributions (dividend)694€13k€13k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €10k | €10k | €11k | €12k | ▲ 3.9% |
| Gross operating margin9900 | €29k | €30k | €32k | €35k | €36k | ▲ 3.1% |
| Operating profit (loss)9901 | €18k | €20k | €21k | €24k | €24k | ▲ 2.7% |
| Financial income75/76B | - | - | - | €3k | €2k | ▼ 37.4% |
| Recurring financial income75 | €0 | - | - | €3k | €2k | ▼ 37.4% |
| Financial charges65/66B | - | €77 | €59 | €30 | €30 | = |
| Recurring financial charges65 | €23 | €77 | €59 | €30 | €30 | = |
| Profit (loss) for the period before taxes9903 | €18k | €20k | €21k | €27k | €26k | ▼ 1.8% |
| Income taxes67/77 | €6k | €6k | €7k | €8k | €8k | ▼ 1.8% |
| Profit (loss) for the period9904 | €13k | €14k | €15k | €18k | €18k | ▼ 1.8% |
| Profit (loss) for the period to be appropriated9905 | €13k | €14k | €15k | €18k | €18k | ▼ 1.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €348k | €345k | €328k | €335k | €340k | ▲ 1.4% |
| Fixed assets21/28 | €117k | €117k | €117k | €117k | €117k | = |
| Tangible fixed assets22/27 | €117k | €117k | €117k | €117k | €117k | = |
| Land and buildings22 | - | €117k | €117k | €117k | €117k | = |
| Current assets29/58 | €231k | €228k | €211k | €218k | €223k | ▲ 2.2% |
| Amounts receivable within one year40/41 | €671 | €4k | €330 | €0 | - | - |
| Other amounts receivable41 | - | €4k | €330 | €0 | - | - |
| Current investments50/53 | - | - | - | €150k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €231k | €224k | €211k | €66k | €223k | ▲ 237% |
| Deferred charges and accrued income490/1 | - | €300 | €0 | €2k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €348k | €345k | €328k | €335k | €340k | ▲ 1.4% |
| Equity10/15 | €345k | €345k | €328k | €333k | €338k | ▲ 1.5% |
| Contributions10/11 | €164k | €164k | €164k | €164k | €164k | = |
| Capital10 | - | €164k | €164k | €164k | €164k | = |
| Issued capital100 | - | €164k | €164k | €164k | €164k | = |
| Reserves13 | €182k | €181k | €164k | €170k | €175k | ▲ 2.9% |
| Non-distributable reserves130/1 | - | €21k | €16k | €16k | €16k | = |
| Legal reserve130 | - | €21k | €16k | €16k | €16k | = |
| Distributable reserves133 | - | €160k | €148k | €153k | €158k | ▲ 3.2% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €3k | - | €299 | €2k | €2k | ▼ 2.7% |
| Amounts payable within one year42/48 | €3k | - | €299 | €2k | €2k | ▼ 2.7% |
| Trade debts44 | €534 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €299 | €2k | €2k | ▼ 2.7% |
| Taxes450/3 | - | - | €299 | €2k | €2k | ▼ 2.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €14k | €15k | €18k | €18k | ▼ 1.8% |
| Operating cash flow (approximation) | €13k | €14k | €15k | €18k | €18k | ▼ 1.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-7k | €-13k | €-145k | €157k | ▲ 208% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €18k ▲24.9%
Net result €18k, the highest in the series.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €13k ▼6.1%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
2019
31-12
Financial
Equity above €500kEq €513k ▲2.7%
2 profitable years in a row build equity to €513k.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Tongeren-Borgloon · 1 establishment unit since 1991
Ground area
4,561 m²
Building footprint
2,155 m²
Volume, LiDAR
10,145 m³
2 parcels, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Brikhof 28, 3840 Tongeren-Borgloon
since 19912.053.088.142
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73067A0087/00H000 | Flanders | 3,711 m² | 1 · 1,967 m² | 8.4 m · 1 fl. |
| 73031E0037/00N002 | Flanders | 850 m² | 1 · 187 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded24-12-1990
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.