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VASECO

Active
Private limited companyfounded 199630 yrs activeLange Hoevestraat 12 B, 3128 Tremelo, BelgiumKBO/BCE: BE 0458.413.387
Summary

VASECO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73,316 and a net result of -€3,952. Equity is shrinking by ~3.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability31▲+2
Solvency72▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.59 in 2024; short-term debt: 53.4% and cash: 0.2% of total assets), but 53.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 30 years 0 40 y
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 2025
Solvency, return and age of the figures
Solvency
46.6%
Return on assets
-2.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€3,952
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 d early
2024
24 d early
2023
61 d late
2022
59 d late
2021
82 d late
2020
61 d late
2019
91 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 45 days after 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 28 September (4 of the last 5 filed years within 77 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

VASECO was incorporated on 24 June 1996.1 Total assets fell from EUR 679,252 in 2018 to EUR 157,339 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€73,316▼ 5.1%
2024 · €77,268
Total assets
€157,339▼ 0.1%
2024 · €157,420
Net result
-€3,952▲ 24.1%
2024 · -€5,208
Working capital
€43,545▼ 8.3%
2024 · €47,496
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€8,387-€2,763-€1,883▲ 31.8%-€5,092▼ 170%-€3,661▲ 28.1%
Net result€2,072-€2,851-€1,930▲ 32.3%-€5,208▼ 170%-€3,952▲ 24.1%
Equity€87,256▲ 2.4%€84,405▼ 3.3%€82,476▼ 2.3%€77,268▼ 6.3%€73,316▼ 5.1%
Total assets€174,866▼ 58.9%€158,587▼ 9.3%€159,053▲ 0.3%€157,420▼ 1.0%€157,339▼ 0.1%
Debt€87,610▼ 74.2%€74,182▼ 15.3%€76,578▲ 3.2%€80,152▲ 4.7%€84,023▲ 4.8%
Working capital€57,485▲ 3.7%€54,634▼ 5.0%€52,704▼ 3.5%€47,496▼ 9.9%€43,545▼ 8.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€5,000€0€5,000€10,000Operating result 2021: €8,387€8,387Net result 2021: €2,072€2,072Operating result 2022: -€2,763-€2,763Net result 2022: -€2,851-€2,851Operating result 2023: -€1,883-€1,883Net result 2023: -€1,930-€1,930Operating result 2024: -€5,092-€5,092Net result 2024: -€5,208-€5,208Operating result 2025: -€3,661-€3,661Net result 2025: -€3,952-€3,95220212022202320242025-€6,000-€4,000-€2,000€0Operating result 2023: -€1,883-€1,880Net result 2023: -€1,930-€1,930Operating result 2024: -€5,092-€5,090Net result 2024: -€5,208-€5,210Operating result 2025: -€3,661-€3,660Net result 2025: -€3,952-€3,950202320242025
The operating result stays negative: a loss of €3,661 in 2025 against €5,092 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €156,732
Fixed assets €29,164 =
Current assets €127,567 ▼ 0.1%
Equity and liabilities €157,339
Equity €73,316 ▼ 5.1%
Debt €84,023 ▲ 4.8%
Debt's share of the balance-sheet total rises from 50.9% to 53.4%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.52▼
2024 · 1.59
Debt to equity
1.15▲
2024 · 1.04
ROE
-5.4%▲
2024 · -6.7%
ROA
-2.5%▲
2024 · -3.3%
Debt ≤ 1 year
€84,023▲
2024 · €80,152
Income taxes
€0▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 12,321 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€157,420€157,339▼
Formation expenses20€607€607=
Fixed assets21/28€29,164€29,164=
Tangible fixed assets22/27€29,164€29,164=
Land and buildings22€29,164€29,164=
Current assets29/58€127,648€127,567▼
Amounts receivable within one year40/41€127,233€127,233=
Trade receivables40€0-
Other amounts receivable41€127,233€127,233=
Cash at bank and in hand54/58€415€334▼
Equity and liabilities
Total equity and liabilities10/49€157,420€157,339▼
Equity10/15€77,268€73,316▼
Contributions10/11€18,592€18,592=
Reserves13€58,676€54,724▼
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Distributable reserves133€56,816€52,865▼
Amounts payable17/49€80,152€84,023▲
Amounts payable within one year42/48€80,152€84,023▲
Trade debts44€1,992€363▼
Suppliers440/4€1,992€363▼
Other amounts payable47/48€78,160€83,660▲
Income statement Code20242025
Other operating charges640/8€1,104€1,100▼
Gross operating margin9900-€3,987-€2,561▲
Operating profit (loss)9901-€5,092-€3,661▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€117€291▲
Recurring financial charges65€117€291▲
Profit (loss) for the period before taxes9903-€5,208-€3,952▲
Income taxes67/77€0€0▲
Profit (loss) for the period9904-€5,208-€3,952▲
Profit (loss) for the period to be appropriated9905-€5,208-€3,952▲
Appropriation of the result
Profit (loss) to be appropriated9906-€5,208-€3,952▲
Transfer from equity791/2€5,208€3,952▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€815€700€384€1,104€1,100▼ 0.4%
Gross operating margin9900€9,202-€2,063-€1,499-€3,987-€2,561▲ 35.8%
Operating profit (loss)9901€8,387-€2,763-€1,883-€5,092-€3,661▲ 28.1%
Financial income75/76B--€0€0€0▼ 48.9%
Recurring financial income75--€0€0€0▼ 48.9%
Financial charges65/66B€6,315€88€47€117€291▲ 149%
Recurring financial charges65€6,315€88€47€117€291▲ 149%
Profit (loss) for the period before taxes9903€2,072-€2,851-€1,930-€5,208-€3,952▲ 24.1%
Income taxes67/77--€0€0€0-
Profit (loss) for the period9904€2,072-€2,851-€1,930-€5,208-€3,952▲ 24.1%
Profit (loss) for the period to be appropriated9905€2,072-€2,851-€1,930-€5,208-€3,952▲ 24.1%
Line20212022202320242025Change
Assets
Total assets20/58€174,866€158,587€159,053€157,420€157,339▼ 0.1%
Formation expenses20€607€607€607€607€607=
Fixed assets21/28€29,164€29,164€29,164€29,164€29,164=
Tangible fixed assets22/27€29,164€29,164€29,164€29,164€29,164=
Land and buildings22€29,164€29,164€29,164€29,164€29,164=
Current assets29/58€145,095€128,816€129,282€127,648€127,567▼ 0.1%
Amounts receivable within one year40/41€127,633€127,633€128,708€127,233€127,233=
Trade receivables40--€1,475€0--
Other amounts receivable41€127,633€127,633€127,233€127,233€127,233=
Cash at bank and in hand54/58€17,462€1,183€574€415€334▼ 19.5%
Equity and liabilities
Total equity and liabilities10/49€174,866€158,587€159,053€157,420€157,339▼ 0.1%
Equity10/15€87,256€84,405€82,476€77,268€73,316▼ 5.1%
Contributions10/11€18,592€18,592€18,592€18,592€18,592=
Reserves13€68,664€65,813€63,883€58,676€54,724▼ 6.7%
Non-distributable reserves130/1€1,859€1,859€1,859€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859€1,859€1,859€1,859=
Distributable reserves133€66,805€63,954€62,024€56,816€52,865▼ 7.0%
Amounts payable17/49€87,610€74,182€76,578€80,152€84,023▲ 4.8%
Amounts payable within one year42/48€87,610€74,182€76,578€80,152€84,023▲ 4.8%
Trade debts44€284€897€1,996€1,992€363▼ 81.8%
Suppliers440/4€284€897€1,996€1,992€363▼ 81.8%
Other amounts payable47/48€87,326€73,285€74,582€78,160€83,660▲ 7.0%
Line20212022202320242025Change
Profit (loss) for the period9904€2,072-€2,851-€1,930-€5,208-€3,952▲ 24.1%
Operating cash flow (approximation)€2,072-€2,851-€1,930-€5,208-€3,952▲ 24.1%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€16,279-€609-€159-€81▲ 49.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
13-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
28-09
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 59 days late
2022
21-10
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 82 days late
2021
31-12
Financial Back to profitnet €2,072
Net result €2,072 after one loss-making year.
30-09
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
30-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial Back to profitnet €1,037
Net result €1,037 after one loss-making year.
08-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-09
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
26-09
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Tremelo · 1 establishment unit since 1996
seat establishment The establishment unit on the map
Ground area
1,238 m²
Building footprint
212 m²
Volume, LiDAR
1,265 m³
Parcel 24006B0108/00P000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lange Hoevestraat 12, 3128 Tremelo
NACE 70120
since 19962.255.969.085
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24006B0108/00P000 Flanders 1,238 m² 1 · 212 m² 10.3 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. UZI.invest 74.93%
  2. VASECO

Highest known parent: UZI.invest. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded24-06-1996
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.