VAJACLA
ActiveSummary
VAJACLA has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25,926 and a net result of €3,250. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 74% of 7730 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+6
Solvency91▲+14
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.89 against 2.04 in 2024; short-term debt: 33.8% and cash: 0.3% of total assets), and 33.8% of the assets are financed with debt.
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Signals
Five 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
66.2%
Return on assets
8.3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €25,926
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
13 d early
2023
26 d early
2022
91 d late
2021
24 d late
2020
27 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 23 July (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€25,926▲ 14.3%
2024 · €22,676
Total assets
€39,135▼ 10.0%
2024 · €43,500
Net result
€3,250▲ 103%
2024 · €1,603
Working capital
€24,988▲ 15.8%
2024 · €21,583
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,759-€4,693€2,494€3,710▲ 48.8%€6,009▲ 62.0%
Net result€661within the sector's middle half-€5,775below the sector's middle half€343within the sector's middle half€1,603within the sector's middle half▲ 368%€3,250within the sector's middle half▲ 103%
Equity€26,505within the sector's middle half▲ 2.6%€20,731within the sector's middle half▼ 21.8%€21,073within the sector's middle half▲ 1.7%€22,676within the sector's middle half▲ 7.6%€25,926within the sector's middle half▲ 14.3%
Total assets€58,000below the sector's middle half▼ 5.0%€78,160within the sector's middle half▲ 34.8%€64,210within the sector's middle half▼ 17.8%€43,500below the sector's middle half▼ 32.3%€39,135below the sector's middle half▼ 10.0%
Debt€31,495▼ 10.6%€57,430▲ 82.3%€43,137▼ 24.9%€20,823▼ 51.7%€13,208▼ 36.6%
Working capital€24,365within the sector's middle half▲ 2.5%€19,094within the sector's middle half▼ 21.6%€19,707within the sector's middle half▲ 3.2%€21,583within the sector's middle half▲ 9.5%€24,988within the sector's middle half▲ 15.8%
Solvency45.7%within the sector's middle half▲ 3.4pp26.5%within the sector's middle half▼ 19.2pp32.8%within the sector's middle half▲ 6.3pp52.1%within the sector's middle half▲ 19.3pp66.2%within the sector's middle half▲ 14.1pp
Current ratio1.77within the sector's middle half▲ 0.101.33within the sector's middle half▼ 0.441.46within the sector's middle half▲ 0.122.04within the sector's middle half▲ 0.582.89within the sector's middle half▲ 0.86
Return on assets (ROA)1.1%within the sector's middle half▲ 8.1pp-7.4%below the sector's middle half▼ 8.5pp0.5%within the sector's middle half▲ 7.9pp3.7%within the sector's middle half▲ 3.2pp8.3%within the sector's middle half▲ 4.6pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 62% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39,135
Fixed assets
€938 ▼ 14.2%
Current assets
€38,197 ▼ 9.9%
Equity and liabilities €39,135
Equity
€25,926 ▲ 14.3%
Debt
€13,208 ▼ 36.6%
Debt's share of the balance-sheet total falls from 47.9% to 33.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6,164▲
2024 · €3,983
Cash flow
€3,405▲
2024 · €1,876
Debt to equity
0.51▼
2024 · 0.92
ROE
12.5%▲
2024 · 7.1%
Interest coverage
19.12▲
2024 · 10.76
Debt ≤ 1 year
€13,208▼
2024 · €20,823
Income taxes
€2,609▲
2024 · €1,783
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €702 | €503 | €271 | €273 | €155 | ▼ 43.1% |
| Other operating charges640/8 | €1,054 | €1,072 | €1,158 | €1,207 | €1,243 | ▲ 3.0% |
| Non-recurring operating charges66A | €453 | €292 | €389 | - | €63 | - |
| Gross operating margin9900 | €3,968 | -€2,826 | €4,311 | €5,189 | €7,470 | ▲ 44.0% |
| Operating profit (loss)9901 | €1,759 | -€4,693 | €2,494 | €3,710 | €6,009 | ▲ 62.0% |
| Financial income75/76B | €81 | €211 | €24 | €46 | €172 | ▲ 273% |
| Recurring financial income75 | €81 | €211 | €24 | €46 | €172 | ▲ 273% |
| Financial charges65/66B | €891 | €982 | €1,380 | €370 | €322 | ▼ 12.9% |
| Recurring financial charges65 | €891 | €982 | €1,380 | €370 | €322 | ▼ 12.9% |
| Profit (loss) for the period before taxes9903 | €950 | -€5,464 | €1,137 | €3,386 | €5,859 | ▲ 73.0% |
| Income taxes67/77 | €289 | €311 | €795 | €1,783 | €2,609 | ▲ 46.3% |
| Profit (loss) for the period9904 | €661 | -€5,775 | €343 | €1,603 | €3,250 | ▲ 103% |
| Profit (loss) for the period to be appropriated9905 | €661 | -€5,775 | €343 | €1,603 | €3,250 | ▲ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58,000 | €78,160 | €64,210 | €43,500 | €39,135 | ▼ 10.0% |
| Fixed assets21/28 | €2,140 | €1,637 | €1,366 | €1,093 | €938 | ▼ 14.2% |
| Tangible fixed assets22/27 | €1,240 | €737 | €466 | €193 | €38 | ▼ 80.4% |
| Plant, machinery and equipment23 | €1,008 | €737 | €466 | €193 | €38 | ▼ 80.4% |
| Furniture and vehicles24 | €232 | - | - | - | - | - |
| Financial fixed assets28 | €900 | €900 | €900 | €900 | €900 | = |
| Current assets29/58 | €55,860 | €76,524 | €62,844 | €42,407 | €38,197 | ▼ 9.9% |
| Stocks and contracts in progress3 | €17,532 | €38,640 | €24,690 | €6,000 | - | - |
| Stocks30/36 | €5,882 | €6,140 | €2,690 | - | - | - |
| Contracts in progress37 | €11,650 | €32,500 | €22,000 | €6,000 | - | - |
| Amounts receivable within one year40/41 | €30,485 | €32,089 | €24,389 | €29,743 | €31,819 | ▲ 7.0% |
| Trade receivables40 | €27,626 | €30,138 | €21,651 | €23,817 | €28,370 | ▲ 19.1% |
| Other amounts receivable41 | €2,858 | €1,951 | €2,739 | €5,926 | €3,449 | ▼ 41.8% |
| Cash at bank and in hand54/58 | €3,367 | €669 | €8,216 | €1,435 | €137 | ▼ 90.5% |
| Deferred charges and accrued income490/1 | €4,477 | €5,125 | €5,548 | €5,229 | €6,241 | ▲ 19.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58,000 | €78,160 | €64,210 | €43,500 | €39,135 | ▼ 10.0% |
| Equity10/15 | €26,505 | €20,731 | €21,073 | €22,676 | €25,926 | ▲ 14.3% |
| Contributions10/11 | €6,667 | €6,667 | €6,667 | €6,667 | €6,667 | = |
| Reserves13 | €25,097 | €25,097 | €25,097 | €25,097 | €25,097 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | €4,487 | €4,487 | €4,487 | €4,487 | €4,487 | = |
| Profit (loss) carried forward14 | -€5,259 | -€11,034 | -€10,691 | -€9,088 | -€5,838 | ▲ 35.8% |
| Amounts payable17/49 | €31,495 | €57,430 | €43,137 | €20,823 | €13,208 | ▼ 36.6% |
| Amounts payable within one year42/48 | €31,495 | €57,430 | €43,137 | €20,823 | €13,208 | ▼ 36.6% |
| Trade debts44 | €2,277 | €8,661 | €4,351 | €6,312 | €8,324 | ▲ 31.9% |
| Suppliers440/4 | €2,277 | €8,661 | €4,351 | €6,312 | €8,324 | ▲ 31.9% |
| Advances received on contracts in progress46 | - | €4,372 | - | €97 | - | - |
| Taxes, remuneration and social security45 | €4,789 | €2,561 | €5,295 | - | €109 | - |
| Taxes450/3 | €4,789 | €2,561 | €5,295 | - | €109 | - |
| Other amounts payable47/48 | €24,429 | €41,837 | €33,491 | €14,415 | €4,775 | ▼ 66.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €661 | -€5,775 | €343 | €1,603 | €3,250 | ▲ 103% |
| + Depreciation and write-downs630 | €702 | €503 | €271 | €273 | €155 | ▼ 43.1% |
| Operating cash flow (approximation) | €1,363 | -€5,272 | €614 | €1,876 | €3,405 | ▲ 81.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€2,698 | €7,547 | -€6,782 | -€1,298 | ▲ 80.9% |
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
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €3,250 ▲103%
Operating result €6,009, net result €3,250, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €343
Net result €343 after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
31-12
Financial
Weakest financial yearnet -€5,775
Net result drops to -€5,775, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Back to profitnet €661
Net result €661 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €798
Net result €798 after one loss-making year.
Show earlier events
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wingene · 1 establishment unit since 2001
Ground area
661 m²
Building footprint
196 m²
Volume, LiDAR
1,063 m³
Parcel 37019B0593/00L000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Waterjufferstraat 11, 8750 Wingene
since 20012.116.673.919
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37019B0593/00L000 | Flanders | 661 m² | 1 · 196 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 29,766 companies in this sector we hold annual accounts for 16,066. 12,167 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded23-05-2001
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474873297
Also
9925:BE0474873297
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.