VAMA
ActiveVAMA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €212k and a net result of €248. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 9135 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▼-12
Solvency57▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.3 against 0.34 in 2024; short-term debt: 27.9% and cash: 2.6% of total assets), and 68.2% 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+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 68
Relative position
BE, all sectors
reference
Sector 68
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
31.8%
Return on assets
0%
Age of the figures
9 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
34 d early
2023
12 d early
2022
12 d early
2021
19 d early
2020
17 d early
2019
7 d early
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€212k▲ 0.1%
2024 · €211k
2018: €160k
2019: €163k
2020: €226k
2021: €225k
2022: €224k
2023: €195k
2024: €211k
2018 → 2025
Total assets
€665k▼ 4.1%
2024 · €694k
2018: €170k
2019: €172k
2020: €473k
2021: €469k
2022: €466k
2023: €636k
2024: €694k
2018 → 2025
Net result
€248▼ 98.5%
2024 · €16k
2018: €16k
2019: €3k
2020: €93k
2021: €42k
2022: €48k
2023: €-29k
2024: €16k
2018 → 2025
Working capital
€-131k▼ 7.2%
2024 · €-122k
2018: €48k
2019: €57k
2020: €-16k
2021: €-19k
2022: €-21k
2023: €-119k
2024: €-122k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€225k-€224k▼ 0.5%€195k▼ 13.0%€211k▲ 8.3%€212k▲ 0.1%
Operating result€47k-€50k▲ 6.6%€-23k€28k€11k▼ 59.1%
Net result€42k-€48k▲ 15.7%€-29k€16k€248▼ 98.5%
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 falls in 2025; 2025 is 59% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €665k
Fixed assets
€610k▼ 3.4%
Current assets
€55k▼ 11.9%
Equity and liabilities €665k
Equity
€212k▲ 0.1%
Provisions
€10k▼ 3.5%
Debt
€444k▼ 6.1%
The debt ratio falls from 68.1% to 66.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€47k▼
2024 · €61k
Cash flow
€36k▼
2024 · €50k
Solvency
31.8%▲
2024 · 30.5%
Current ratio
0.30▼
2024 · 0.34
Quick ratio
0.30▼
2024 · 0.34
Debt / equity
2.10▼
2024 · 2.23
ROE
0.1%▼
2024 · 7.7%
ROA
0.0%▼
2024 · 2.3%
Interest coverage
4.10▼
2024 · 5.25
Debt
€444k▼
2024 · €473k
Debt ≤ 1 year
€186k▲
2024 · €184k
Debt > 1 year
€258k▼
2024 · €288k
Income taxes
€-3▼
2024 · €3
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€694k€665k▼
Fixed assets21/28€631k€610k▼
Tangible fixed assets22/27€631k€610k▼
Land and buildings22€434k€421k▼
Plant, machinery and equipment23€1k€14k▲
Furniture and vehicles24€60k€45k▼
Other tangible fixed assets26€137k€129k▼
Current assets29/58€62k€55k▼
Amounts receivable within one year40/41€4k€37k▲
Trade receivables40€2k€36k▲
Other amounts receivable41€1k€646▼
Cash at bank and in hand54/58€58k€17k▼
Deferred charges and accrued income490/1€903€1k▲
Equity and liabilities
Total equity and liabilities10/49€694k€665k▼
Equity10/15€211k€212k▲
Contributions10/11€19k€19k=
Reserves13€193k€193k▲
Tax-exempt reserves132€36k€35k▼
Distributable reserves133€156k€158k▲
Provisions and deferred taxes16€10k€10k▼
Deferred taxes168€10k€10k▼
Amounts payable17/49€473k€444k▼
Amounts payable after more than one year17€288k€258k▼
Financial debts170/4€288k€258k▼
Amounts payable within one year42/48€184k€186k▲
Current portion of amounts payable after more than one year42€30k€31k▲
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Other amounts payable47/48€150k€150k▼
Accrued charges and deferred income492/3€0€246▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€36k▲
Other operating charges640/8€4k€7k▲
Gross operating margin9900€65k€54k▼
Operating profit (loss)9901€28k€11k▼
Financial income75/76B€9€128▲
Recurring financial income75€9€128▲
Financial charges65/66B€12k€11k▼
Recurring financial charges65€12k€11k▼
Profit (loss) for the period before taxes9903€16k€-98▼
Transfer from deferred taxes780€343€343=
Income taxes67/77€3€-3▼
Profit (loss) for the period9904€16k€248▼
Transfer from tax-exempt reserves789€1k€1k=
Profit (loss) for the period to be appropriated9905€17k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€1k▼
Transfer from equity791/2€0-
Transfer to equity691/2€17k€1k▼
To other reserves6921€17k€1k▼
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (17 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
31-12
Financial
Equity above €200kEq €211k ▲8.3%
Equity rises from €195k to €211k.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-29k ▼160%
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €93k ▲3228%
Operating result €106k, net result €93k, both a record.
31-12
Financial
Equity above €200kEq €226k ▲38.6%
3 profitable years in a row build equity to €226k.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, De Panne · 2 establishment units since 1990
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.
Visserslaan 458660 De PanneGround area
3,291 m²
Building footprint
1,363 m²
Volume, LiDAR
25,823 m³
3 parcels, Flanders · tallest building 32.9 m, ±9 floors. Linked by address, not a title deed.
2 establishment units
PARNASSIA
since 19902.047.627.042
Vuurtoren – Le Phare
since 20232.360.752.544
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38352E0786/00E000 | Flanders | 2,652 m² | 1 · 1,061 m² | 32.9 m · 9 fl. |
| 38352E0431/00_000 | Flanders | 320 m² | 1 · 207 m² | 15.6 m · 4 fl. |
| 38352E0457/00_000 | Flanders | 318 m² | 1 · 95 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
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AV EVENT SUPPORT
BE 0480.761.593
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VAN MOERE
BE 0434.553.961
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ROGER DE BODT & DEVEL
BE 0401.162.702
Halle · Eq €212k
IB LICHTATELJEE
BE 0429.392.670
Brugge · Eq €211k
Of 9,134 companies in sector 68201 we hold annual accounts for 6,763. 4,838 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-02-1990
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68202Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 36 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.