Vasalba
ActiveThe computed 12-month bankruptcy probability of Vasalba is 1.6% (moderate). The 2025 annual accounts show equity of €98k and a net result of €-1k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 84% of 7321 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
60
/ 100
Healthy▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth38=
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 4.26 against 4.82 in 2024), and 23.3% 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
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
Sector 41
higher
← 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1k
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-07-2026, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
92 d late
2024
7 d late
2023
21 d late
2022
28 d late
2021
2 d early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
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
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€357k▲ 32.2%
2021 · €270k
2018: €476k
2019: €251k
2020: €165k
2021: €270k
2018 → 2022
EBIT margin
6.4%▼ 5.3pp
2021 · 11.6%
2018: 3.0%
2019: 1.2%
2020: 10.4%
2021: 11.6%
2018 → 2022
Net result
€-1k▲ 89.1%
2024 · €-13k
2018: €8k
2019: €100
2020: €12k
2021: €25k
2022: €16k
2023: €7k
2024: €-13k
2018 → 2025
Working capital
€97k▼ 1.0%
2024 · €98k
2018: €58k
2019: €71k
2020: €68k
2021: €88k
2022: €104k
2023: €111k
2024: €98k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€270k-€357k▲ 32.2%
Equity€88k-€105k▲ 18.6%€112k▲ 6.6%€99k▼ 11.2%€98k▼ 1.4%
Operating result€31k-€23k▼ 27.8%€11k▼ 50.8%€-1k€1k
Net result€25k-€16k▼ 35.2%€7k▼ 57.8%€-13k€-1k▲ 89.1%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1k after a loss of €1k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127k
Fixed assets
€888▼ 29.8%
Current assets
€126k▲ 2.5%
Equity and liabilities €127k
Equity
€98k▼ 1.4%
Debt
€30k▲ 16.0%
The debt ratio rises from 20.5% to 23.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€1k▲
2024 · €-1k
Cash flow
€-989▲
2024 · €-12k
Solvency
76.7%▼
2024 · 79.5%
Current ratio
4.26▼
2024 · 4.82
Quick ratio
4.26▼
2024 · 4.82
Debt / equity
0.30▲
2024 · 0.26
ROE
-1.4%▲
2024 · -12.6%
ROA
-1.1%▲
2024 · -10.0%
Interest coverage
0.28▲
2024 · -0.23
Debt
€30k▲
2024 · €26k
Debt ≤ 1 year
€30k▲
2024 · €26k
Income taxes
€1k▼
2024 · €8k
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€125k€127k▲
Fixed assets21/28€1k€888▼
Tangible fixed assets22/27€972€595▼
Furniture and vehicles24€972€595▼
Financial fixed assets28€293€293=
Current assets29/58€123k€126k▲
Amounts receivable within one year40/41€123k€126k▲
Trade receivables40€48k€67k▲
Other amounts receivable41€75k€60k▼
Equity and liabilities
Total equity and liabilities10/49€125k€127k▲
Equity10/15€99k€98k▼
Contributions10/11€11k€11k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€86k€85k▼
Amounts payable17/49€26k€30k▲
Amounts payable within one year42/48€26k€30k▲
Financial debts43€3k€28k▲
Credit institutions430/8€3k€28k▲
Trade debts44€16k-
Suppliers440/4€16k-
Taxes, remuneration and social security45€925€1k▲
Taxes450/3€925€1k▲
Other amounts payable47/48€5k-
Income statement
Code20242025
Remuneration, social security and pensions62€199-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€160€377▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€2k€5k▲
Operating profit (loss)9901€-1k€1k▲
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€-4k€21▲
Income taxes67/77€8k€1k▼
Profit (loss) for the period9904€-13k€-1k▲
Profit (loss) for the period to be appropriated9905€-13k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€86k€85k▼
Profit (loss) brought forward from the previous period14P€99k€86k▼
The notes to these accounts (6 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 92 days late
2025
07-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
30-09
Financial
Weakest financial yearnet €-13k ▼281%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
30-09
Financial
Liquidity doublescurrent ratio 5.69
Current ratio from 2.58 to 5.69; short-term debt falls from €66k to €24k.
28-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
30-09
Financial
Equity above €100kEq €105k ▲18.6%
5 profitable years in a row build equity to €105k.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Highest result since 2018net €25k ▲109%
Operating result €31k, net result €25k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Schaarbeek · 1 establishment unit since 2012
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.
Fortinlaan 251030 SchaarbeekGround area
222 m²
Building footprint
128 m²
Volume, LiDAR
1,542 m³
2 parcels, Brussels · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Fortinlaan 26, 1030 Schaarbeek
since 20122.215.832.267
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21904B0423/00A005 | Brussels | 124 m² | 1 · 75 m² | 12.1 m · 3 fl. |
| 21904B0425/00C004 | Brussels | 97 m² | 1 · 53 m² | 18.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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IN STEEN
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CLOIX-COENEN CONSTRUCT
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GRG POIENARU
BE 0780.411.718
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ARTIS
BE 0731.627.943
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SCOPIC
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Of 29,535 companies in sector 41001 we hold annual accounts for 15,872. 13,026 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2012
Fiscal year end30-09
Activities, NACEBEL
41001General construction of residential buildings
42220Construction of utility projects for electricity and telecommunications
43341Painting of buildings
43910Bricklaying and masonry work
43994Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.