VAJA
ActiveVAJA has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.43M and a net result of €26k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 66% of 8647 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability47▼-8
Solvency95▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.57 in 2024; short-term debt: 21.8% and cash: 11.5% of total assets), and 30.4% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
69.6%
Return on assets
1.3%
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 · 10 filingsDeviation from the deadline
2025
18 d late
2024
61 d late
2023
7 d late
2022
51 d late
2021
76 d late
2020
117 d late
2019
137 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.43M▲ 1.3%
2024 · €1.42M
2018: €750k
2019: €825k
2020: €947k
2021: €1.09M
2022: €1.19M
2023: €1.33M
2024: €1.42M
2018 → 2025
Total assets
€2.06M▼ 2.2%
2024 · €2.11M
2018: €1.44M
2019: €1.50M
2020: €1.60M
2021: €1.71M
2022: €1.97M
2023: €2.05M
2024: €2.11M
2018 → 2025
Net result
€26k▼ 69.5%
2024 · €87k
2018: €54k
2019: €75k
2020: €122k
2021: €142k
2022: €106k
2023: €135k
2024: €87k
2018 → 2025
Working capital
€302k▲ 11.6%
2024 · €270k
2018: €-322k
2019: €-275k
2020: €-103k
2021: €62k
2022: €119k
2023: €261k
2024: €270k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.09M-€1.19M▲ 9.7%€1.33M▲ 11.3%€1.42M▲ 6.5%€1.43M▲ 1.3%
Operating result€205k-€135k▼ 33.9%€180k▲ 33.0%€113k▼ 37.1%€68k▼ 40.3%
Net result€142k-€106k▼ 25.5%€135k▲ 27.3%€87k▼ 35.7%€26k▼ 69.5%
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 has fallen two years in a row; 2025 is 40% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.06M
Fixed assets
€1.31M▼ 3.5%
Current assets
€750k▲ 0.3%
Equity and liabilities €2.06M
Equity
€1.43M▲ 1.3%
Debt
€627k▼ 9.2%
The debt ratio falls from 32.8% to 30.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€116k▼
2024 · €161k
Cash flow
€74k▼
2024 · €134k
Solvency
69.6%▲
2024 · 67.2%
Current ratio
1.67▲
2024 · 1.57
Quick ratio
1.67▲
2024 · 1.57
Debt / equity
0.44▼
2024 · 0.49
ROE
1.8%▼
2024 · 6.1%
ROA
1.3%▼
2024 · 4.1%
Interest coverage
3.21▼
2024 · 3.72
Debt
€627k▼
2024 · €691k
Debt ≤ 1 year
€449k▼
2024 · €478k
Debt > 1 year
€172k▼
2024 · €207k
Income taxes
€11k▼
2024 · €25k
Staff costs
€104k▲
2024 · €96k
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€2.11M€2.06M▼
Fixed assets21/28€1.36M€1.31M▼
Tangible fixed assets22/27€1.05M€1.00M▼
Land and buildings22€976k€944k▼
Plant, machinery and equipment23€71k€56k▼
Furniture and vehicles24€2k€964▼
Financial fixed assets28€310k€310k=
Current assets29/58€748k€750k▲
Amounts receivable within one year40/41€608k€97k▼
Trade receivables40€356k€95k▼
Other amounts receivable41€252k€2k▼
Current investments50/53-€400k
Cash at bank and in hand54/58€125k€237k▲
Deferred charges and accrued income490/1€16k€16k▲
Equity and liabilities
Total equity and liabilities10/49€2.11M€2.06M▼
Equity10/15€1.42M€1.43M▲
Contributions10/11€442k€442k=
Capital10€442k€442k=
Issued capital100€442k€442k=
Reserves13€974k€992k▲
Non-distributable reserves130/1€44k€44k=
Legal reserve130€44k€44k=
Distributable reserves133€930k€948k▲
Amounts payable17/49€691k€627k▼
Amounts payable after more than one year17€207k€172k▼
Financial debts170/4€207k€172k▼
Amounts payable within one year42/48€478k€449k▼
Current portion of amounts payable after more than one year42€33k€35k▲
Trade debts44€9k€21k▲
Suppliers440/4€9k€21k▲
Taxes, remuneration and social security45€42k€27k▼
Taxes450/3€31k€10k▼
Remuneration and social security454/9€11k€17k▲
Other amounts payable47/48€393k€366k▼
Accrued charges and deferred income492/3€6k€6k▲
Income statement
Code20242025
Non-recurring operating income76A€4k-
Remuneration, social security and pensions62€96k€104k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€48k▲
Other operating charges640/8€23k€28k▲
Gross operating margin9900€280k€248k▼
Operating profit (loss)9901€113k€68k▼
Financial income75/76B€41k€5k▼
Recurring financial income75€41k€5k▼
Financial charges65/66B€43k€36k▼
Recurring financial charges65€43k€36k▼
Profit (loss) for the period before taxes9903€111k€37k▼
Income taxes67/77€25k€11k▼
Profit (loss) for the period9904€87k€26k▼
Profit (loss) for the period to be appropriated9905€87k€26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€87k€26k▼
Transfer to equity691/2€87k€18k▼
To other reserves6921€87k€18k▼
Profit to be distributed694/7-€8k
Return on contributions (dividend)694-€8k
The notes to these accounts (8 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 · abbreviated schema · 18 days late
2025
31-12
Financial
Weakest financial yearnet €26k ▼69.5%
Net result drops to €26k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 76 days late
2021
31-12
Financial
Highest result since 2018net €142k ▲16.7%
Operating result €205k, net result €142k, both a record.
31-12
Financial
Equity above €1MEq €1.09M ▲15%
4 profitable years in a row build equity to €1.09M.
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 117 days late
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 137 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 49 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ternat · 1 establishment unit since 2003
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.
Stenebrugstraat 361741 TernatGround area
1,547 m²
Building footprint
203 m²
Volume, LiDAR
1,253 m³
Parcel 23091B0293/00A000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VAJA
since 20032.135.058.684
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23091B0293/00A000 | Flanders | 1,547 m² | 1 · 203 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.
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HL NEXT
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 23,863 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-11-2003
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
74142
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.