VAS-Y
ActiveSummary
VAS-Y has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.51M and a net result of €-35k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 63% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▼-5
Solvency72▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 3.12 against 3.05 in 2024; short-term debt: 6.8% and cash: 1.7% of total assets), but 53% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 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
47%
Return on assets
-1.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
on the day
2023
55 d early
2022
2 d early
2021
1 d early
2020
27 d late
2019
29 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.51M▼ 2.3%
2024 · €1.55M
2018: €1.62M
2019: €1.50M
2020: €1.57M
2021: €1.62M
2022: €1.60M
2023: €1.56M
2024: €1.55M
2018 → 2025
Total assets
€3.21M▼ 6.4%
2024 · €3.44M
2018: €2.67M
2019: €3.08M
2020: €3.42M
2021: €3.32M
2022: €3.48M
2023: €3.24M
2024: €3.44M
2018 → 2025
Net result
€-35k▼ 116%
2024 · €-16k
2018: €896k
2019: €-128k
2020: €74k
2021: €-4k
2022: €-27k
2023: €-36k
2024: €-16k
2018 → 2025
Working capital
€462k▼ 9.5%
2024 · €511k
2018: €1.45M
2019: €839k
2020: €854k
2021: €801k
2022: €650k
2023: €527k
2024: €511k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.62M-€1.60M▼ 1.7%€1.56M▼ 2.3%€1.55M▼ 1.0%€1.51M▼ 2.3%
Operating result€-57k-€-26k▲ 55.0%€-41k▼ 59.7%€-31k▲ 23.9%€-25k▲ 19.3%
Net result€-4k-€-27k▼ 650%€-36k▼ 34.7%€-16k▲ 55.1%€-35k▼ 116%
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 stays negative: a loss of €25k in 2025 against €31k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.21M
Fixed assets
€2.53M ▼ 5.3%
Current assets
€681k ▼ 10.4%
Equity and liabilities €3.21M
Equity
€1.51M ▼ 2.3%
Provisions
€256k ▼ 6.9%
Debt
€1.45M ▼ 10.3%
Debt's share of the balance-sheet total falls from 47.0% to 45.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€116k▲
2024 · €111k
Cash flow
€106k▼
2024 · €125k
Current ratio
3.12▲
2024 · 3.05
Quick ratio
3.08▲
2024 · 3.02
Debt to equity
0.96▼
2024 · 1.05
ROE
-2.3%▼
2024 · -1.1%
ROA
-1.1%▼
2024 · -0.5%
Interest coverage
2.24▼
2024 · 2.74
Debt ≤ 1 year
€218k▼
2024 · €249k
Debt > 1 year
€1.23M▼
2024 · €1.36M
Income taxes
€2k▲
2024 · €123
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.44M€3.21M▼
Fixed assets21/28€2.68M€2.53M▼
Tangible fixed assets22/27€2.65M€2.50M▼
Land and buildings22€2.63M€2.49M▼
Furniture and vehicles24€16k€11k▼
Financial fixed assets28€30k€30k=
Current assets29/58€760k€681k▼
Amounts receivable after more than one year29€547k€491k▼
Other amounts receivable291€547k€491k▼
Stocks and contracts in progress3€8k€8k=
Contracts in progress37€8k€8k=
Amounts receivable within one year40/41€9k€5k▼
Trade receivables40€9k€5k▼
Other amounts receivable41€136-
Current investments50/53€119k€119k=
Cash at bank and in hand54/58€74k€54k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€3.44M€3.21M▼
Equity10/15€1.55M€1.51M▼
Contributions10/11€13k€13k=
Reserves13€1.41M€1.35M▼
Tax-exempt reserves132€836k€784k▼
Distributable reserves133€570k€570k=
Profit (loss) carried forward14€127k€143k▲
Provisions and deferred taxes16€275k€256k▼
Deferred taxes168€275k€256k▼
Amounts payable17/49€1.62M€1.45M▼
Amounts payable after more than one year17€1.36M€1.23M▼
Financial debts170/4€940k€806k▼
Other amounts payable178/9€420k€420k▲
Amounts payable within one year42/48€249k€218k▼
Current portion of amounts payable after more than one year42€140k€133k▼
Trade debts44€18k€4k▼
Suppliers440/4€18k€4k▼
Taxes, remuneration and social security45€6k€9k▲
Taxes450/3€6k€9k▲
Other amounts payable47/48€86k€72k▼
Accrued charges and deferred income492/3€7k€4k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€142k€141k▼
Other operating charges640/8€25k€24k▼
Gross operating margin9900€136k€140k▲
Operating profit (loss)9901€-31k€-25k▲
Financial income75/76B€36k€25k▼
Recurring financial income75€36k€25k▼
Financial charges65/66B€40k€52k▲
Recurring financial charges65€40k€52k▲
Profit (loss) for the period before taxes9903€-35k€-52k▼
Transfer from deferred taxes780€19k€19k=
Income taxes67/77€123€2k▲
Profit (loss) for the period9904€-16k€-35k▼
Transfer from tax-exempt reserves789€52k€52k=
Profit (loss) for the period to be appropriated9905€36k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€127k€143k▲
Profit (loss) brought forward from the previous period14P€91k€127k▲
The notes to these accounts (10 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
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
30-09
Financial
Back to profitnet €74k
Net result €74k after one loss-making year.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2019
30-09
Financial
Weakest financial yearnet €-128k
Net result drops to €-128k, the lowest in the series; recovery starts the following year.
05-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Roeselare · 1 establishment unit since 2008
Ground area
157 m²
Building footprint
76 m²
Volume, LiDAR
459 m³
Parcel 36502B0553/00R004, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vas-Y
since 20082.287.516.257
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502B0553/00R004 | Flanders | 157 m² | 1 · 76 m² | 8.3 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.
Similar companies · same sector, comparable size
Dumo
BE 0417.793.351
Middelkerke · Eq €1,512,149
COMPETITIVE SALES PROMOTIONS
BE 0438.986.663
Antwerpen · Eq €1,513,589
LANDD
BE 0637.809.048
Veurne · Eq €1,514,076
Eralimmo
BE 0845.524.254
Sint-Truiden · Eq €1,504,722
Grondbeheer
BE 0414.725.775
Brecht · Eq €1,515,035
Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 2,928 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-07-2000
Fiscal year end30-09
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.