Summary
VASSAR is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €105k and a net result of €262k. Its solvency ranks better than 8% of 5547 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
Founded in 2023, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
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 11-09-2026, 42 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 · 2 filingsDeviation from the deadline
2025
42 d late
2024
2 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€105k
2024 · €-157k
2024: €-157k
2025: €105k▲ +167% vs 2024
2024 → 2025
Net result
€262k
2024 · €-179k
2024: €-179k
2025: €262k▲ +246% vs 2024
2024 → 2025
Total assets
€2.42M▲ 6.6%
2024 · €2.27M
2024: €2.27M
2025: €2.42M▲ +6.6% vs 2024
2024 → 2025
Solvency
4.4%▲ 11.3pp
2024 · -6.9%
2024: -6.9%
2025: 4.4%▲ +163% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Available amounts per fiscal year
Line20242025Trend
Equity€-157k-€105k
2024: €-157k
2025: €105k▲ +167% vs 2024
Operating result€-85k-€239k
2024: €-85k
2025: €239k▲ +381% vs 2024
Net result€-179k-€262k
2024: €-179k
2025: €262k▲ +246% vs 2024
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €239k after a loss of €85k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.42M
Fixed assets
€2.21M =
Current assets
€202k ▲ 288%
Equity and liabilities €2.42M
Equity
€105k
Debt
€2.31M
Debt finances 95.6% of the balance-sheet total.
Key figures and ratios
ROE
248.7%
ROA
10.9%▲
2024 · -7.9%
Debt ≤ 1 year
€1.52M▲
2024 · €1.45M
Debt > 1 year
€793k▼
2024 · €978k
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 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.27M€2.42M▲
Fixed assets21/28€2.21M€2.21M=
Financial fixed assets28€2.21M€2.21M=
Current assets29/58€52k€202k▲
Amounts receivable within one year40/41€42k€139k▲
Trade receivables40€38k€139k▲
Other amounts receivable41€4k-
Cash at bank and in hand54/58€10k€63k▲
Equity and liabilities
Total equity and liabilities10/49€2.27M€2.42M▲
Equity10/15€-157k€105k▲
Contributions10/11€22k€22k=
Profit (loss) carried forward14€-179k€83k▲
Amounts payable17/49€2.42M€2.31M▼
Amounts payable after more than one year17€978k€793k▼
Financial debts170/4€978k€793k▼
Amounts payable within one year42/48€1.45M€1.52M▲
Current portion of amounts payable after more than one year42€177k€185k▲
Financial debts43€450k€450k=
Credit institutions430/8€450k€450k=
Trade debts44€72k€130k▲
Suppliers440/4€72k€130k▲
Taxes, remuneration and social security45-€6k
Taxes450/3-€6k
Other amounts payable47/48€747k€747k=
Income statement
Code20242025
Other operating charges640/8€772€400▼
Gross operating margin9900€-84k€240k▲
Operating profit (loss)9901€-85k€239k▲
Financial income75/76B-€90k
Recurring financial income75-€90k
Financial charges65/66B€94k€67k▼
Recurring financial charges65€94k€67k▼
Profit (loss) for the period before taxes9903€-179k€262k▲
Profit (loss) for the period9904€-179k€262k▲
Profit (loss) for the period to be appropriated9905€-179k€262k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-179k€83k▲
Profit (loss) brought forward from the previous period14P-€-179k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €772 | €400 | ▼ 48.2% |
| Gross operating margin9900 | €-84k | €240k | ▲ 384% |
| Operating profit (loss)9901 | €-85k | €239k | ▲ 381% |
| Financial income75/76B | - | €90k | - |
| Recurring financial income75 | - | €90k | - |
| Financial charges65/66B | €94k | €67k | ▼ 28.5% |
| Recurring financial charges65 | €94k | €67k | ▼ 28.5% |
| Profit (loss) for the period before taxes9903 | €-179k | €262k | ▲ 246% |
| Profit (loss) for the period9904 | €-179k | €262k | ▲ 246% |
| Profit (loss) for the period to be appropriated9905 | €-179k | €262k | ▲ 246% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €2.27M | €2.42M | ▲ 6.6% |
| Fixed assets21/28 | €2.21M | €2.21M | = |
| Financial fixed assets28 | €2.21M | €2.21M | = |
| Current assets29/58 | €52k | €202k | ▲ 288% |
| Amounts receivable within one year40/41 | €42k | €139k | ▲ 230% |
| Trade receivables40 | €38k | €139k | ▲ 269% |
| Other amounts receivable41 | €4k | - | - |
| Cash at bank and in hand54/58 | €10k | €63k | ▲ 536% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €2.27M | €2.42M | ▲ 6.6% |
| Equity10/15 | €-157k | €105k | ▲ 167% |
| Contributions10/11 | €22k | €22k | = |
| Profit (loss) carried forward14 | €-179k | €83k | ▲ 146% |
| Amounts payable17/49 | €2.42M | €2.31M | ▼ 4.6% |
| Amounts payable after more than one year17 | €978k | €793k | ▼ 18.9% |
| Financial debts170/4 | €978k | €793k | ▼ 18.9% |
| Amounts payable within one year42/48 | €1.45M | €1.52M | ▲ 5.0% |
| Current portion of amounts payable after more than one year42 | €177k | €185k | ▲ 4.7% |
| Financial debts43 | €450k | €450k | = |
| Credit institutions430/8 | €450k | €450k | = |
| Trade debts44 | €72k | €130k | ▲ 81.8% |
| Suppliers440/4 | €72k | €130k | ▲ 81.8% |
| Taxes, remuneration and social security45 | - | €6k | - |
| Taxes450/3 | - | €6k | - |
| Other amounts payable47/48 | €747k | €747k | = |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-179k | €262k | ▲ 246% |
| Operating cash flow (approximation) | €-179k | €262k | ▲ 246% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €53k | - |
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
11-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 42 days late
2025
31-12
Financial
Back to profitnet €262k
Net result €262k after one loss-making year.
31-12
Financial
Equity above €100kEq €105k
Equity rises from €-157k to €105k.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ukkel · 1 establishment unit since 2023
Ground area
545 m²
Building footprint
120 m²
Volume, LiDAR
781 m³
Parcel 21614H0005/00E032, Brussels · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VASSAR
since 20232.350.962.373
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0005/00E032 | Brussels | 545 m² | 1 · 120 m² | 11.2 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.
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 12,457 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-10-2023
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
64999Other financial services
66300Activities auxiliary to financial services and insurance activities
Scores and ratios are computed by Checked and are not a credit decision.