VASC
ActiveVASC has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €165k and a net result of €12k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 23% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▲+64
Solvency44▼-51
Growth52=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 1.72 against 4.46 in 2024; short-term debt: 14.1% and cash: 9% of total assets), but 80.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
19.5%
Return on assets
1.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 31662 sector peers (2025).
NBB · sector comparisonPosition among 31662 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
30 d late
2022
31 d late
2021
31 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€165k▲ 7.6%
2024 · €153k
2021: €91k
2022: €168k
2023: €194k
2024: €153k
2021 → 2025
Total assets
€847k▲ 284%
2024 · €221k
2021: €128k
2022: €224k
2023: €277k
2024: €221k
2021 → 2025
Net result
€12k
2024 · €-41k
2021: €89k
2022: €85k
2023: €43k
2024: €-41k
2021 → 2025
Working capital
€87k▼ 36.7%
2024 · €137k
2021: €89k
2022: €165k
2023: €178k
2024: €137k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€91k-€168k▲ 83.7%€194k▲ 15.8%€153k▼ 21.0%€165k▲ 7.6%
Operating result€113k-€111k▼ 1.4%€74k▼ 34.0%€-39k€22k
Net result€89k-€85k▼ 5.4%€43k▼ 48.8%€-41k€12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €22k after a loss of €39k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €847k
Fixed assets
€641k▲ 1,352%
Current assets
€206k▲ 16.9%
Equity and liabilities €847k
Equity
€165k▲ 7.6%
Debt
€682k▲ 915%
The debt ratio rises from 30.5% to 80.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€51k▲
2024 · €-24k
Cash flow
€41k▲
2024 · €-26k
Solvency
19.5%▼
2024 · 69.5%
Current ratio
1.72▼
2024 · 4.46
Quick ratio
1.72▼
2024 · 4.46
Debt / equity
4.13▲
2024 · 0.44
ROE
7.1%▲
2024 · -26.5%
ROA
1.4%▲
2024 · -18.5%
Interest coverage
5.17▲
2024 · -14.15
Debt
€682k▲
2024 · €67k
Debt ≤ 1 year
€120k▲
2024 · €40k
Debt > 1 year
€560k▲
2024 · €28k
Income taxes
€205▼
2024 · €218
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€221k€847k▲
Fixed assets21/28€44k€641k▲
Tangible fixed assets22/27€44k€641k▲
Land and buildings22-€547k
Furniture and vehicles24€44k€42k▼
Other tangible fixed assets26-€53k
Current assets29/58€177k€206k▲
Amounts receivable within one year40/41€51k€129k▲
Trade receivables40€16k€58k▲
Other amounts receivable41€34k€71k▲
Cash at bank and in hand54/58€122k€76k▼
Deferred charges and accrued income490/1€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€221k€847k▲
Equity10/15€153k€165k▲
Contributions10/11€2k€2k=
Reserves13€128k€128k=
Distributable reserves133€128k€128k=
Profit (loss) carried forward14€24k€36k▲
Amounts payable17/49€67k€682k▲
Amounts payable after more than one year17€28k€560k▲
Financial debts170/4€28k€560k▲
Amounts payable within one year42/48€40k€120k▲
Current portion of amounts payable after more than one year42€13k€57k▲
Trade debts44€9k€25k▲
Suppliers440/4€9k€25k▲
Taxes, remuneration and social security45€17k€37k▲
Taxes450/3€5k€23k▲
Remuneration and social security454/9€12k€14k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€30k▲
Other operating charges640/8€511€76k▲
Gross operating margin9900€-23k€127k▲
Operating profit (loss)9901€-39k€22k▲
Financial income75/76B€0€45▲
Recurring financial income75€0€45▲
Financial charges65/66B€2k€10k▲
Recurring financial charges65€2k€10k▲
Profit (loss) for the period before taxes9903€-41k€12k▲
Income taxes67/77€218€205▼
Profit (loss) for the period9904€-41k€12k▲
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€-41k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€36k▲
Profit (loss) brought forward from the previous period14P€65k€24k▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (12 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-41k ▼194%
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €150kEq €168k ▲83.7%
2 profitable years in a row build equity to €168k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sint-Pieters-Woluwe · 1 establishment unit since 2021
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.
Waterraaflaan 231150 Sint-Pieters-WoluweGround area
943 m²
Building footprint
168 m²
Volume, LiDAR
1,143 m³
Parcel 21684B0060/00F018, Brussels · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VASC
since 20212.317.040.978
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21684B0060/00F018 | Brussels | 943 m² | 1 · 168 m² | 9.3 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.
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SANDENA
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DAPHNIAS
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MRTNS Projects
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 40,726 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-04-2021
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
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
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.