VASP
ActiveSummary
VASP has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €499k and a net result of €-543. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 40% of 13305 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▼-28
Solvency45▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity short (current ratio 0.21 against 0.2 in 2024; short-term debt: 46.6% and cash: 2.1% of total assets), and 80.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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 56
Relative position
BE, all sectors
reference
Sector 56
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
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
27 d late
2023
29 d early
2022
32 d late
2021
30 d late
2020
19 d late
2019
112 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€499k▼ 0.1%
2024 · €500k
2018: €270k
2019: €312k
2020: €203k
2021: €309k
2022: €325k
2023: €400k
2024: €500k
2018 → 2025
Total assets
€2.54M▲ 18.0%
2024 · €2.15M
2018: €1.44M
2019: €2.07M
2020: €1.90M
2021: €1.98M
2022: €1.96M
2023: €1.88M
2024: €2.15M
2018 → 2025
Net result
€-543
2024 · €100k
2018: €-3k
2019: €43k
2020: €-108k
2021: €107k
2022: €18k
2023: €76k
2024: €100k
2018 → 2025
Working capital
€-931k▼ 63.3%
2024 · €-570k
2018: €97k
2019: €-758k
2020: €-857k
2021: €-780k
2022: €-705k
2023: €-590k
2024: €-570k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€309k-€325k▲ 5.4%€400k▲ 23.0%€500k▲ 25.0%€499k▼ 0.1%
Operating result€159k-€66k▼ 58.3%€144k▲ 118%€206k▲ 43.1%€76k▼ 63.3%
Net result€107k-€18k▼ 83.0%€76k▲ 318%€100k▲ 31.0%€-543
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 63% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.54M
Fixed assets
€2.29M ▲ 13.6%
Current assets
€254k ▲ 80.4%
Equity and liabilities €2.54M
Equity
€499k ▼ 0.1%
Provisions
€21k ▼ 7.5%
Debt
€2.02M ▲ 23.8%
Debt's share of the balance-sheet total rises from 75.7% to 79.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€178k▼
2024 · €335k
Cash flow
€102k▼
2024 · €229k
Current ratio
0.21▲
2024 · 0.20
Quick ratio
0.19▲
2024 · 0.16
Debt to equity
4.04▲
2024 · 3.26
ROE
-0.1%▼
2024 · 20.0%
ROA
0.0%▼
2024 · 4.6%
Interest coverage
2.30▼
2024 · 4.97
Debt ≤ 1 year
€1.19M▲
2024 · €711k
Debt > 1 year
€830k▼
2024 · €908k
Income taxes
€558▼
2024 · €41k
Staff costs
€69k▲
2024 · €66k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.15M€2.54M▲
Fixed assets21/28€2.01M€2.29M▲
Tangible fixed assets22/27€2.01M€2.29M▲
Land and buildings22€1.97M€2.22M▲
Plant, machinery and equipment23€31k€22k▼
Furniture and vehicles24€8k€40k▲
Current assets29/58€141k€254k▲
Stocks and contracts in progress3€26k€24k▼
Stocks30/36€26k€24k▼
Amounts receivable within one year40/41€45k€175k▲
Trade receivables40-€136k
Other amounts receivable41€45k€39k▼
Cash at bank and in hand54/58€70k€54k▼
Equity and liabilities
Total equity and liabilities10/49€2.15M€2.54M▲
Equity10/15€500k€499k▼
Contributions10/11€19k€19k=
Reserves13€481k€481k▼
Tax-exempt reserves132€46k€42k▼
Distributable reserves133€435k€439k▲
Provisions and deferred taxes16€23k€21k▼
Deferred taxes168€23k€21k▼
Amounts payable17/49€1.63M€2.02M▲
Amounts payable after more than one year17€908k€830k▼
Financial debts170/4€908k€830k▼
Amounts payable within one year42/48€711k€1.19M▲
Current portion of amounts payable after more than one year42€76k€77k▲
Trade debts44€11k€25k▲
Suppliers440/4€11k€25k▲
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€48k€47k▼
Taxes450/3€39k€36k▼
Remuneration and social security454/9€9k€11k▲
Other amounts payable47/48€575k€1.03M▲
Accrued charges and deferred income492/3€13k€5k▼
Income statement
Code20242025
Remuneration, social security and pensions62€66k€69k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€129k€103k▼
Other operating charges640/8€11k€13k▲
Gross operating margin9900€412k€260k▼
Operating profit (loss)9901€206k€76k▼
Financial income75/76B€26€78▲
Recurring financial income75€26€78▲
Financial charges65/66B€67k€78k▲
Recurring financial charges65€67k€78k▲
Profit (loss) for the period before taxes9903€139k€-2k▼
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€41k€558▼
Profit (loss) for the period9904€100k€-543▼
Transfer from tax-exempt reserves789€4k€4k=
Profit (loss) for the period to be appropriated9905€104k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€104k€4k▼
Transfer to equity691/2€104k€4k▼
To other reserves6921€104k€4k▼
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
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Equity above €500kEq €500k ▲25%
4 profitable years in a row build equity to €500k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €107k
Net result €107k after one loss-making year.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Weakest financial yearnet €-108k ▼348%
Net result drops to €-108k, the lowest in the series; recovery starts the following year.
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 112 days late
2019
31-12
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 50 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Gent · 1 establishment unit since 2019
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.
Bennesteeg 99000 GentGround area
180 m²
Building footprint
127 m²
Volume, LiDAR
1,144 m³
Parcel 44803C1146/00D000, Flanders · tallest building 16.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PAROLE
since 20192.288.152.103
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44803C1146/00D000 | Flanders | 180 m² | 1 · 127 m² | 16.6 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.288.152.103
Similar companies · same sector, comparable size
HET BONERYCK
BE 0871.728.805
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CARDIS-VAN DEN STEEN
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A.P.B.
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Antwerpen · Eq €501k
LAWA
BE 0418.690.206
Deinze · Eq €497k
VADE en Co
BE 0451.323.182
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Of 14,018 companies in sector 56301 we hold annual accounts for 4,891. 2,010 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.