VASADE
ActiveSummary
The computed 12-month bankruptcy probability of VASADE is 3.8% (moderate). The 2025 annual accounts show negative equity (-€59,425) and a net result of -€62,425. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes
Profitability7
Solvency16
Growth-
Track record67
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.26; short-term debt: 2.6% and cash: 5.7% of total assets), but equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
-8.9%
Return on assets
-9.3%
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 24-07-2026, 7 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
7 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Equity
-€59,425
Total assets
€667,828
Net result
-€62,425
Working capital
€22,259
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €667,828
Fixed assets
€627,960
Current assets
€39,868
Key figures and ratios
EBITDA
-€6,993
Cash flow
-€28,662
Solvency
-8.9%
Current ratio
2.26
Debt to equity
-12.24
ROA
-9.3%
Interest coverage
-0.30
Debt
€727,253
Debt ≤ 1 year
€17,609
Debt > 1 year
€708,255
Annual accounts
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,763 |
| Other operating charges640/8 | €999 |
| Gross operating margin9900 | -€5,994 |
| Operating profit (loss)9901 | -€40,755 |
| Financial income75/76B | €1,491 |
| Recurring financial income75 | €1,491 |
| Financial charges65/66B | €23,161 |
| Recurring financial charges65 | €23,161 |
| Profit (loss) for the period before taxes9903 | -€62,425 |
| Profit (loss) for the period9904 | -€62,425 |
| Profit (loss) for the period to be appropriated9905 | -€62,425 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €667,828 | |
| Fixed assets21/28 | €627,960 | |
| Tangible fixed assets22/27 | €627,960 | |
| Land and buildings22 | €571,402 | |
| Plant, machinery and equipment23 | €56,558 | |
| Current assets29/58 | €39,868 | |
| Amounts receivable within one year40/41 | €750 | |
| Other amounts receivable41 | €750 | |
| Cash at bank and in hand54/58 | €37,814 | |
| Deferred charges and accrued income490/1 | €1,304 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €667,828 | |
| Equity10/15 | -€59,425 | |
| Contributions10/11 | €3,000 | |
| Profit (loss) carried forward14 | -€62,425 | |
| Amounts payable17/49 | €727,253 | |
| Amounts payable after more than one year17 | €708,255 | |
| Financial debts170/4 | €708,255 | |
| Amounts payable within one year42/48 | €17,609 | |
| Current portion of amounts payable after more than one year42 | €7,743 | |
| Trade debts44 | €9,866 | |
| Suppliers440/4 | €9,866 | |
| Accrued charges and deferred income492/3 | €1,389 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€62,425 |
| + Depreciation and write-downs630 | €33,763 |
| Operating cash flow (approximation) | -€28,662 |
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
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Izegem · 1 establishment unit since 2024
Ground area
1,204 m²
Building footprint
124 m²
Volume, LiDAR
651 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VASADE
since 20242.358.469.975
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36492A0570/00P000 | Flanders | 615 m² | 1 · 124 m² | 8.9 m · 2 fl. |
| 36008C0197/00A013 | Flanders | 588 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded02-04-2024
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.