VAK
ActiveVAK has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24k and a net result of €-7k. Equity is growing by ~39.8% per year across the filed fiscal years. Its solvency ranks better than 33% of 1165 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency77▲+13
Growth52=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 2.35 against 1.74 in 2024), but 65.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
6 signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.7%
Return on assets
-10.2%
Age of the figures
8 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 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 · 10 filingsDeviation from the deadline
2025
30 d late
2024
31 d early
2023
23 d early
2022
22 d late
2021
31 d early
2020
27 d late
2019
28 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
04-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€24k▼ 22.7%
2024 · €31k
2023: €5k
2024: €31k
2023 → 2025
Total assets
€70k▼ 32.6%
2024 · €104k
2023: €82k
2024: €104k
2023 → 2025
Net result
€-7k
2024 · €26k
2023: €31k
2024: €26k
2023 → 2025
Working capital
€38k▼ 10.6%
2024 · €42k
2023: €18k
2024: €42k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€5k-€31k▲ 533%€24k▼ 22.7%
Operating result€34k-€30k▼ 13.2%€-4k
Net result€31k-€26k▼ 14.9%€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €30k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70k
Fixed assets
€4k▼ 3.8%
Current assets
€66k▼ 33.9%
Equity and liabilities €70k
Equity
€24k▼ 22.7%
Debt
€46k▼ 37.0%
The debt ratio falls from 69.8% to 65.3%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-1k▼
2024 · €31k
Cash flow
€-5k▼
2024 · €27k
Solvency
34.7%▲
2024 · 30.2%
Current ratio
2.35▲
2024 · 1.74
Quick ratio
2.35▲
2024 · 1.74
Debt / equity
1.88▼
2024 · 2.31
ROE
-29.3%▼
2024 · 84.2%
ROA
-10.2%▼
2024 · 25.5%
Interest coverage
-0.55▼
2024 · 132.35
Debt
€46k▼
2024 · €72k
Debt ≤ 1 year
€28k▼
2024 · €57k
Income taxes
€822▼
2024 · €3k
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
Balance sheet
Code2025
Total assets
20/58€70k
Fixed assets
21/28€4k
Tangible fixed assets
22/27€4k
Current assets
29/58€66k
Amounts receivable within one year
40/41€7k
Cash & bank
54/58€58k
Total equity & liabilities
10/49€70k
Equity
10/15€24k
Contributions / capital
10/11€19k
Reserves
13€6k
Amounts payable
17/49€46k
Amounts payable within one year
42/48€28k
Trade debts payable within one year
44€1k
Income statement
Code2025
Gross operating margin
9900€-957
Operating result
9901€-4k
Financial income
75€2
Financial charges
65€3k
Result before taxes
9903€-6k
Income taxes
67/77€822
Net result for the period
9904€-7k
Result to be appropriated
9905€-7k
This is the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan.
See plans →
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
Weakest financial yearnet €-7k ▼127%
Net result drops to €-7k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
17-01
State Gazette act
Director changes
Carlos De Baecker
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
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
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 directors, last change in 2023
VERBRUGGEN Sven
CurrentDirector · since 17-01-2023
17-01-2023
VERBRUGGEN Sven: Appointed as Director
17-01-2023
HELSEN Kathleen: Resigned as Manager
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2006
Ground area
421 m²
Building footprint
346 m²
Volume, LiDAR
5,258 m³
Parcel 11808H1236/00Y002, Flanders · tallest building 25.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Quellinstraat 43, 2018 Antwerpen
since 20062.155.080.078
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1236/00Y002 | Flanders | 421 m² | 1 · 346 m² | 25.8 m · 4 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.
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
Architect Ruben Geudens
BE 1005.129.143
Antwerpen · Eq €24k
DE CUYPER ARCHITECTEN
BE 1022.432.854
Zottegem · Eq €24k
ATELIER AUXILIUM
BE 1009.185.327
Esneux · Eq €24k
stijn vermeire architect
BE 0713.731.245
Grobbendonk · Eq €24k
MATTHIAS DUGARDYN ARCHITECTEN
BE 0898.704.406
Antwerpen · Eq €24k
Of 18,319 companies in sector 71111 we hold annual accounts for 6,095. 4,535 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-06-2006
Fiscal year end31-12
Activities, NACEBEL
71111Activities of building architects
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 21-08-2026. Scores and ratios are computed by Checked and are not a credit decision.