VAJ AFSLUITINGEN
ActiveThe computed 12-month bankruptcy probability of VAJ AFSLUITINGEN is 2.3% (moderate). The 2025 annual accounts show equity of €1k and a net result of €10k. Equity is shrinking by ~83.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 10% of 27619 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+86
Solvency27▲+12
Growth32=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27619 sector peers (2025).
NBB · sector comparisonPosition among 27619 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 4 filingsDeviation from the deadline
2025
30 d late
2024
31 d late
2023
22 d late
2022
13 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1k
2024 · €-8k
2022: €38k
2023: €23k
2024: €-8k
2022 → 2025
Total assets
€70k▼ 12.9%
2024 · €80k
2022: €116k
2023: €126k
2024: €80k
2022 → 2025
Net result
€10k
2024 · €-32k
2022: €35k
2023: €-14k
2024: €-32k
2022 → 2025
Working capital
€-13k▲ 52.2%
2024 · €-27k
2022: €28k
2023: €60
2024: €-27k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€38k-€23k▼ 38.0%€-8k€1k
Operating result€41k-€-18k€-36k▼ 101%€11k
Net result€35k-€-14k€-32k▼ 121%€10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €11k after a loss of €36k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70k
Fixed assets
€32k▼ 36.4%
Current assets
€38k▲ 26.8%
Equity and liabilities €70k
Equity
€1k
Debt
€68k
Debt finances 98.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€29k▲
2024 · €-18k
Cash flow
€28k▲
2024 · €-13k
Solvency
1.9%▲
2024 · -10.3%
Current ratio
0.74▲
2024 · 0.52
Quick ratio
0.70▲
2024 · 0.43
Debt / equity
51.52▲
2024 · -10.68
ROE
722.3%
ROA
13.8%▲
2024 · -39.5%
Interest coverage
27.00▲
2024 · -13.37
Debt
€68k▼
2024 · €88k
Debt ≤ 1 year
€51k▼
2024 · €57k
Debt > 1 year
€17k▼
2024 · €31k
Income taxes
€181▲
2024 · €167
Staff costs
€558▼
2024 · €1k
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€80k€70k▼
Fixed assets21/28€50k€32k▼
Tangible fixed assets22/27€50k€32k▼
Plant, machinery and equipment23€5k€1k▼
Furniture and vehicles24€45k€31k▼
Current assets29/58€30k€38k▲
Stocks and contracts in progress3€5k€2k▼
Stocks30/36€5k€2k▼
Amounts receivable within one year40/41€13k€26k▲
Trade receivables40€11k€24k▲
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€11k€9k▼
Deferred charges and accrued income490/1€836€349▼
Equity and liabilities
Total equity and liabilities10/49€80k€70k▼
Equity10/15€-8k€1k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-11k€-2k▲
Amounts payable17/49€88k€68k▼
Amounts payable after more than one year17€31k€17k▼
Financial debts170/4€31k€17k▼
Amounts payable within one year42/48€57k€51k▼
Current portion of amounts payable after more than one year42€13k€13k▲
Trade debts44€19k€11k▼
Suppliers440/4€19k€11k▼
Taxes, remuneration and social security45€167€181▲
Taxes450/3€167€181▲
Other amounts payable47/48€25k€27k▲
Accrued charges and deferred income492/3€193€24▼
Income statement
Code20242025
Remuneration, social security and pensions62€1k€558▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€-15k€31k▲
Operating profit (loss)9901€-36k€11k▲
Financial income75/76B€6k€295▼
Recurring financial income75€6k€295▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-32k€10k▲
Income taxes67/77€167€181▲
Profit (loss) for the period9904€-32k€10k▲
Profit (loss) for the period to be appropriated9905€-32k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-2k▲
Profit (loss) brought forward from the previous period14P-€-11k
Transfer from equity791/2€20k-
The notes to these accounts (5 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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-32k
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
13-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Riemst · 1 establishment unit since 2021
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.
Langstraat 35A3770 RiemstGround area
1,235 m²
Building footprint
124 m²
Volume, LiDAR
11 m³
Parcel 73053B1512/00L000, Flanders · tallest building 3.3 m. Linked by address, not a title deed.
1 establishment unit
VAJ AFSLUITINGEN
since 20212.320.074.110
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73053B1512/00L000 | Flanders | 1,235 m² | 1 · 124 m² | 3.3 m |
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
2023 · 1 entry · 7,500 EUR awarded · 7,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 7,500 EUR | 7,500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,136. 1,033 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-07-2021
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:castiglione.afsluitingen@gmail.com
Phone:0486/067227