VASARI
VASARI has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €383k and a net result of €51k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 69% of 9197 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
| Equity | €383k |
| Net result | €51k |
| Staff (FTE) | 0.5 |
| Better than sector | 69% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 72.2% | 54.7% | |
| Net result | €51k | €17k | |
| Equity | €383k | €67k | |
| Gross operating margin | €79k | €40k | |
| Staff costs | €8k | €33k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €68k | €20k | €20k | €398 |
| Net profit | €51k | €3k | €3k | €-5k |
| Cash flow | €68k | €20k | €20k | €320 |
| Staff costs | €8k | - | - | - |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €531k | €478k | €476k | €471k |
| Equity | €383k | €332k | €329k | €325k |
| Debt | €148k | €146k | €148k | €146k |
| of which ≤ 1y | €148k | €145k | €145k | €145k |
| of which > 1y | - | - | - | - |
| Working capital | €-52k | €-103k | €-118k | €-139k |
| Employees (FTE) | 0.5 | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.65 | 0.29 | 0.19 | 0.04 |
| Quick ratio | 0.65 | 0.29 | 0.19 | 0.04 |
| Working capital ratio | -9.8% | -21.6% | -24.7% | -29.5% |
| Solvency | 72.2% | 69.5% | 69.0% | 69.0% |
| Debt / equity | 0.39 | 0.44 | 0.45 | 0.45 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 276.61 | 202.07 | 209.90 | 5.13 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 9.7% | 0.7% | 0.7% | -1.0% |
| ROE | 13.4% | 1.0% | 1.0% | -1.4% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (21 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €531k | €478k | €476k | €471k |
| Fixed assets | 21/28 | €436k | €436k | €449k | €465k |
| Tangible fixed assets | 22/27 | €436k | €436k | €449k | €465k |
| Current assets | 29/58 | €96k | €42k | €27k | €6k |
| Amounts receivable within one year | 40/41 | €12k | €1k | - | - |
| Cash & bank | 54/58 | €84k | €41k | €27k | €6k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €531k | €478k | €476k | €471k |
| Equity | 10/15 | €383k | €332k | €329k | €325k |
| Contributions / capital | 10/11 | €156k | €156k | €156k | €156k |
| Reserves | 13 | €32k | €22k | €12k | - |
| Accumulated profits (losses) | 14 | €-94k | €-146k | €-149k | €-152k |
| Amounts payable | 17/49 | €148k | €146k | €148k | €146k |
| Amounts payable within one year | 42/48 | €148k | €145k | €145k | €145k |
| Trade debts payable within one year | 44 | €3k | - | - | - |
| Income statement | |||||
| Gross operating margin | 9900 | €79k | €22k | €22k | €862 |
| Operating result | 9901 | €52k | €3k | €3k | €-4k |
| Financial income | 75 | €1 | - | - | - |
| Financial charges | 65 | €248 | €99 | €94 | €78 |
| Result before taxes | 9903 | €51k | €3k | €3k | €-5k |
| Net result for the period | 9904 | €51k | €3k | €3k | €-5k |
| Result to be appropriated | 9905 | €51k | €3k | €3k | €-5k |
-
BAMMENS Ludo Alphons LeonDirectorState Gazette act 23321860 (13-03-2023)Current02-03-2023 → present
-
VAN CAUWENBERGH Ingrid José HermineDirectorState Gazette act 23321860 (13-03-2023)Current02-03-2023 → present
| NACE primary | Activities of building architects(71111) |
| Legal form | Public limited company(014) |
| Incorporation | 30-09-1991 |
| Status | Active |
| Postal code | 2930 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11324D0547/00R002 | Flanders | 261 m² | 1 · 112 m² | 9.8 m · 3 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
07-05-2025 Registered office moved to Brasschaat
- Hemelakkers 45 te 2930 Brasschaat
Technical details
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"effective_date": "2025-04-01",
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"act_meta": {
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}13-03-2023 2 directors appointed, 2 resigning
- VAN CAUWENBERGH Ingrid José Hermine, Bestuurder
- BAMMENS Ludo Alphons Leon, Bestuurder
Technical details
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"notary": {
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"afschrift van de akte",
"volmacht",
"geco\u00F6rdineerde tekst van de statuten en historiek van de statutenwijzigingen"
],
"corrected_publication_numac": null
}| Legal nameNL | VASARI |