VASP
ActiveVASP 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 13240 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
Five 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 →
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
20-09-2026 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%
The debt ratio 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
Solvency
19.7%▼
2024 · 23.2%
Current ratio
0.21▲
2024 · 0.20
Quick ratio
0.19▲
2024 · 0.16
Debt / 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
€2.02M▲
2024 · €1.63M
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 / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
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
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
02-03-2023
Jema Invest: Resigned as Director
02-03-2023
POELMAN Carine: Resigned as Director
02-03-2023
STEEL Lieven: Resigned as Director
01-01-2020
STEEL Lieven: Resigned as Manager
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
Nieuwpoort · Eq €499k
CARDIS-VAN DEN STEEN
BE 0442.842.513
Lebbeke · Eq €498k
A.P.B.
BE 0428.820.172
Antwerpen · Eq €501k
LAWA
BE 0418.690.206
Deinze · Eq €497k
VADE en Co
BE 0451.323.182
Elsene · Eq €502k
Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 2,007 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-03-2010
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.