VASCOFLEC
ActiveSummary
VASCOFLEC has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53,724 and a net result of €3,203. Equity remains stable across the filed fiscal years (±0.3% per year). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+8
Solvency92▲+42
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.15 against 1.18 in 2024; short-term debt: 32.8% and cash: 2.8% of total assets), and 32.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
67.2%
Return on assets
4%
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
34 d early
2023
54 d early
2022
28 d early
2021
11 d early
2020
29 d early
2019
74 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 37 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
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. Usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€53,724▲ 6.3%
2024 · €50,521
Total assets
€80,002▼ 60.1%
2024 · €200,268
Net result
€3,203
2024 · -€4,943
Working capital
€30,179▲ 14.1%
2024 · €26,448
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,284▼ 77.7%€2,163▼ 34.1%€791▼ 63.4%-€4,657€3,526
Net result€2,135▼ 82.1%€1,308▼ 38.7%€358▼ 72.6%-€4,943€3,203
Equity€178,798▲ 1.2%€180,106▲ 0.7%€180,464▲ 0.2%€50,521▼ 72.0%€53,724▲ 6.3%
Total assets€204,785▼ 4.7%€204,753=€206,241▲ 0.7%€200,268▼ 2.9%€80,002▼ 60.1%
Debt€25,987▼ 32.1%€24,648▼ 5.2%€25,777▲ 4.6%€149,747▲ 481%€26,279▼ 82.5%
Working capital€140,713▲ 9.6%€149,569▲ 6.3%€157,475▲ 5.3%€26,448▼ 83.2%€30,179▲ 14.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3,526 after a loss of €4,657 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80,002
Fixed assets
€23,544 ▼ 2.2%
Current assets
€56,458 ▼ 68.0%
Equity and liabilities €80,002
Equity
€53,724 ▲ 6.3%
Debt
€26,279 ▼ 82.5%
Debt's share of the balance-sheet total falls from 74.8% to 32.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9,090▲
2024 · €3,131
Cash flow
€8,766▲
2024 · €2,845
Current ratio
2.15▲
2024 · 1.18
Debt to equity
0.49▼
2024 · 2.96
ROE
6.0%▲
2024 · -9.8%
ROA
4.0%▲
2024 · -2.5%
Interest coverage
28.13▲
2024 · 10.24
Debt ≤ 1 year
€26,279▼
2024 · €149,747
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,039 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,179 | €7,548 | €7,548 | €7,788 | €5,564 | ▼ 28.6% |
| Other operating charges640/8 | €3,265 | €3,335 | €3,645 | €3,784 | €4,099 | ▲ 8.3% |
| Gross operating margin9900 | €16,728 | €13,045 | €11,984 | €6,915 | €13,188 | ▲ 90.7% |
| Operating profit (loss)9901 | €3,284 | €2,163 | €791 | -€4,657 | €3,526 | ▲ 176% |
| Financial income75/76B | €0 | - | - | €20 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | - | - | €20 | €0 | ▼ 100% |
| Financial charges65/66B | €372 | €381 | €304 | €306 | €323 | ▲ 5.7% |
| Recurring financial charges65 | €372 | €381 | €304 | €306 | €323 | ▲ 5.7% |
| Profit (loss) for the period before taxes9903 | €2,912 | €1,782 | €487 | -€4,943 | €3,203 | ▲ 165% |
| Income taxes67/77 | €777 | €474 | €129 | €0 | - | - |
| Profit (loss) for the period9904 | €2,135 | €1,308 | €358 | -€4,943 | €3,203 | ▲ 165% |
| Profit (loss) for the period to be appropriated9905 | €2,135 | €1,308 | €358 | -€4,943 | €3,203 | ▲ 165% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €204,785 | €204,753 | €206,241 | €200,268 | €80,002 | ▼ 60.1% |
| Fixed assets21/28 | €38,085 | €30,537 | €22,989 | €24,073 | €23,544 | ▼ 2.2% |
| Tangible fixed assets22/27 | €38,085 | €30,537 | €22,989 | €24,073 | €23,544 | ▼ 2.2% |
| Land and buildings22 | €38,085 | €30,537 | €22,989 | €24,073 | €23,544 | ▼ 2.2% |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €0 | - | - | - | - | - |
| Current assets29/58 | €166,701 | €174,216 | €183,252 | €176,195 | €56,458 | ▼ 68.0% |
| Amounts receivable within one year40/41 | €164,057 | €165,290 | €177,328 | €173,177 | €45,954 | ▼ 73.5% |
| Trade receivables40 | - | - | - | €1,661 | €0 | ▼ 100% |
| Other amounts receivable41 | €164,057 | €165,290 | €177,328 | €171,516 | €45,954 | ▼ 73.2% |
| Cash at bank and in hand54/58 | €127 | €6,304 | €3,025 | €0 | €2,236 | - |
| Deferred charges and accrued income490/1 | €2,516 | €2,622 | €2,899 | €3,018 | €8,268 | ▲ 174% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €204,785 | €204,753 | €206,241 | €200,268 | €80,002 | ▼ 60.1% |
| Equity10/15 | €178,798 | €180,106 | €180,464 | €50,521 | €53,724 | ▲ 6.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €160,206 | €161,514 | €161,872 | €31,929 | €35,132 | ▲ 10.0% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €0 | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €0 | - | - |
| Tax-exempt reserves132 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | €139,597 | €140,904 | €141,263 | €13,179 | €16,382 | ▲ 24.3% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €25,987 | €24,648 | €25,777 | €149,747 | €26,279 | ▼ 82.5% |
| Amounts payable within one year42/48 | €25,987 | €24,648 | €25,777 | €149,747 | €26,279 | ▼ 82.5% |
| Financial debts43 | - | - | - | €354 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €354 | €0 | ▼ 100% |
| Trade debts44 | €4,818 | €323 | €0 | €3,018 | €16,563 | ▲ 449% |
| Suppliers440/4 | €4,818 | €323 | €0 | €3,018 | €16,563 | ▲ 449% |
| Taxes, remuneration and social security45 | €1,452 | €474 | €130 | €130 | €0 | ▼ 100% |
| Taxes450/3 | €1,452 | €474 | €130 | €130 | €0 | ▼ 100% |
| Other amounts payable47/48 | €19,717 | €23,851 | €25,648 | €146,245 | €9,716 | ▼ 93.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,135 | €1,308 | €358 | -€4,943 | €3,203 | ▲ 165% |
| + Depreciation and write-downs630 | €10,179 | €7,548 | €7,548 | €7,788 | €5,564 | ▼ 28.6% |
| Operating cash flow (approximation) | €12,314 | €8,855 | €7,906 | €2,845 | €8,766 | ▲ 208% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€8,872 | -€5,035 | ▲ 43.2% |
| Change in cash | - | €6,177 | -€3,279 | -€3,025 | €2,236 | ▲ 174% |
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
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €3,203
Net result €3,203 after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €11,905
Net result €11,905 after 2 loss-making years.
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
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, Bonheiden · 1 establishment unit since 1999
Ground area
6,307 m²
Building footprint
426 m²
Volume, LiDAR
2,774 m³
Parcel 12005C0044/00N000, Flanders · tallest building 13.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Boeimeerstraat 39, 2820 Bonheiden
since 19992.092.901.395
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12005C0044/00N000 | Flanders | 6,307 m² | 1 · 426 m² | 13.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
Founded04-12-1987
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432771636
Also
9925:BE0432771636
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.