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VAST FB

Active
Private limited companyfounded 20206 yrs activeSchaarbeekstraat(MEL) 21, 9120 Beveren-Kruibeke-Zwijndrecht, BelgiumKBO/BCE: BE 0748.862.764
Summary

VAST FB has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.4m and a net result of €55,212. Equity is growing by ~3.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability73=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 2.54 against 2.1 in 2023; short-term debt: 3.9% and cash: 5.2% of total assets), and 8.7% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
91.3%
Return on assets
3.5%
Age of the figures
21 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 15-06-2026, 46 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
46 d early
2024
48 d early
2023
49 d early
2022
54 d early
2021
9 d late
2020
5 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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 13 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 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

On 23 June 2020, VAST FB was incorporated as a Private limited company.1 Total assets went from EUR 1.3 million in 2020 to EUR 1.6 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€1.4m▲ 4.0%
2023 · €1.4m
Total assets
€1.6m▲ 2.0%
2023 · €1.5m
Net result
€55,212▲ 8.3%
2023 · €50,989
Working capital
€95,401▲ 52.5%
2023 · €62,572
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€19,012-€55,909€53,514▼ 4.3%€71,562▲ 33.7%€74,567▲ 4.2%
Net result-€19,288below the sector's middle half-€44,643within the sector's middle half€37,513within the sector's middle half▼ 16.0%€50,989within the sector's middle half▲ 35.9%€55,212within the sector's middle half▲ 8.3%
Equity€1.3mwithin the sector's middle half-€1.3mwithin the sector's middle half▲ 3.6%€1.3mwithin the sector's middle half▲ 2.9%€1.4mwithin the sector's middle half▲ 3.8%€1.4mwithin the sector's middle half▲ 4.0%
Total assets€1.3mwithin the sector's middle half-€1.5mwithin the sector's middle half▲ 18.8%€1.5mwithin the sector's middle half▲ 0.4%€1.5mwithin the sector's middle half▲ 1.2%€1.6mwithin the sector's middle half▲ 2.0%
Debt€29,807-€225,545▲ 657%€193,869▼ 14.0%€161,461▼ 16.7%€137,606▼ 14.8%
Working capital-€17,102within the sector's middle half-€12,887within the sector's middle half€23,489within the sector's middle half▲ 82.3%€62,572within the sector's middle half▲ 166%€95,401within the sector's middle half▲ 52.5%
Solvency97.7%above the sector's middle half-85.2%above the sector's middle half▼ 12.5pp87.3%above the sector's middle half▲ 2.1pp89.6%above the sector's middle half▲ 2.3pp91.3%above the sector's middle half▲ 1.7pp
Current ratio0.43below the sector's middle half-1.26within the sector's middle half▲ 0.841.38within the sector's middle half▲ 0.122.10within the sector's middle half▲ 0.712.54within the sector's middle half▲ 0.44
Return on assets (ROA)-1.5%below the sector's middle half-2.9%within the sector's middle half▲ 4.4pp2.5%within the sector's middle half▼ 0.5pp3.3%within the sector's middle half▲ 0.8pp3.5%within the sector's middle half▲ 0.2pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€25,000€0€25,000€50,000€75,000Operating result 2020: -€19,012-€19,012Net result 2020: -€19,288-€19,288Operating result 2021: €55,909€55,909Net result 2021: €44,643€44,643Operating result 2022: €53,514€53,514Net result 2022: €37,513€37,513Operating result 2023: €71,562€71,562Net result 2023: €50,989€50,989Operating result 2024: €74,567€74,567Net result 2024: €55,212€55,21220202021202220232024€0€20,000€40,000€60,000€80,000Operating result 2022: €53,514€53,500Net result 2022: €37,513€37,500Operating result 2023: €71,562€71,600Net result 2023: €50,989€51,000Operating result 2024: €74,567€74,600Net result 2024: €55,212€55,200202220232024
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 4% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.6m
Fixed assets €1.4m ▼ 0.4%
Current assets €157,355 ▲ 31.5%
Equity and liabilities €1.6m
Equity €1.4m ▲ 4.0%
Debt €137,606 ▼ 14.8%
Debt's share of the balance-sheet total falls from 10.4% to 8.7%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€90,221▲
2023 · €88,031
Cash flow
€70,866▲
2023 · €67,458
Debt to equity
0.10▼
2023 · 0.12
ROE
3.8%▲
2023 · 3.7%
Interest coverage
52.98▲
2023 · 43.75
Debt ≤ 1 year
€61,954▲
2023 · €57,109
Debt > 1 year
€75,653▼
2023 · €104,352
Income taxes
€18,584▲
2023 · €18,561
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,640 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 95% are still going.

  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
3.6% stopped otherwise
95% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,640 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 · 2024 against 2023 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.5m€1.6m▲
Fixed assets21/28€1.4m€1.4m▼
Tangible fixed assets22/27€1.4m€1.4m▼
Land and buildings22€1.4m€1.4m▼
Current assets29/58€119,681€157,355▲
Amounts receivable within one year40/41€69,415€76,067▲
Trade receivables40€64,928€74,293▲
Other amounts receivable41€4,488€1,775▼
Cash at bank and in hand54/58€50,265€81,288▲
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.6m▲
Equity10/15€1.4m€1.4m▲
Contributions10/11€69,860€69,860=
Revaluation surpluses12€1.2m€1.2m=
Profit (loss) carried forward14€113,856€169,069▲
Amounts payable17/49€161,461€137,606▼
Amounts payable after more than one year17€104,352€75,653▼
Financial debts170/4€104,352€75,653▼
Amounts payable within one year42/48€57,109€61,954▲
Current portion of amounts payable after more than one year42€28,375€28,700▲
Trade debts44€5,173€6,388▲
Suppliers440/4€5,173€6,388▲
Taxes, remuneration and social security45€18,561€21,866▲
Taxes450/3€18,561€21,866▲
Other amounts payable47/48€5,000€5,000=
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,469€15,654▼
Other operating charges640/8€32,154€33,425▲
Gross operating margin9900€120,185€123,646▲
Operating profit (loss)9901€71,562€74,567▲
Financial income75/76B-€932
Recurring financial income75-€932
Financial charges65/66B€2,012€1,703▼
Recurring financial charges65€2,012€1,703▼
Profit (loss) for the period before taxes9903€69,550€73,796▲
Income taxes67/77€18,561€18,584▲
Profit (loss) for the period9904€50,989€55,212▲
Profit (loss) for the period to be appropriated9905€50,989€55,212▲
Appropriation of the result
Profit (loss) to be appropriated9906€113,856€169,069▲
Profit (loss) brought forward from the previous period14P€62,868€113,856▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,017€10,752€16,931€16,469€15,654▼ 5.0%
Other operating charges640/8-€27,681€28,838€32,154€33,425▲ 4.0%
Gross operating margin9900-€12,995€94,342€99,283€120,185€123,646▲ 2.9%
Operating profit (loss)9901-€19,012€55,909€53,514€71,562€74,567▲ 4.2%
Financial income75/76B----€932-
Recurring financial income75----€932-
Financial charges65/66B-€2,036€2,345€2,012€1,703▼ 15.4%
Recurring financial charges65€276€2,036€2,345€2,012€1,703▼ 15.4%
Profit (loss) for the period before taxes9903-€19,288€53,873€51,168€69,550€73,796▲ 6.1%
Income taxes67/77-€9,230€13,656€18,561€18,584▲ 0.1%
Profit (loss) for the period9904-€19,288€44,643€37,513€50,989€55,212▲ 8.3%
Profit (loss) for the period to be appropriated9905-€19,288€44,643€37,513€50,989€55,212▲ 8.3%
Line20202021202220232024Change
Assets
Total assets20/58€1.3m€1.5m€1.5m€1.5m€1.6m▲ 2.0%
Fixed assets21/28€1.3m€1.5m€1.4m€1.4m€1.4m▼ 0.4%
Tangible fixed assets22/27€1.3m€1.5m€1.4m€1.4m€1.4m▼ 0.4%
Land and buildings22-€1.5m€1.4m€1.4m€1.4m▼ 0.4%
Current assets29/58€12,704€61,863€84,630€119,681€157,355▲ 31.5%
Amounts receivable within one year40/41€8,513€18,243€68,739€69,415€76,067▲ 9.6%
Trade receivables40-€15,781€65,380€64,928€74,293▲ 14.4%
Other amounts receivable41-€2,462€3,359€4,488€1,775▼ 60.5%
Cash at bank and in hand54/58€4,191€16,917€15,891€50,265€81,288▲ 61.7%
Deferred charges and accrued income490/1-€26,702€0---
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.5m€1.5m€1.5m€1.6m▲ 2.0%
Equity10/15€1.3m€1.3m€1.3m€1.4m€1.4m▲ 4.0%
Contributions10/11-€69,860€69,860€69,860€69,860=
Revaluation surpluses12-€1.2m€1.2m€1.2m€1.2m=
Profit (loss) carried forward14-€19,288€25,355€62,868€113,856€169,069▲ 48.5%
Amounts payable17/49€29,807€225,545€193,869€161,461€137,606▼ 14.8%
Amounts payable after more than one year17-€160,789€132,727€104,352€75,653▼ 27.5%
Financial debts170/4-€160,789€132,727€104,352€75,653▼ 27.5%
Amounts payable within one year42/48€29,807€48,976€61,141€57,109€61,954▲ 8.5%
Current portion of amounts payable after more than one year42-€27,747€28,061€28,375€28,700▲ 1.1%
Trade debts44€9,807€3,999€5,195€5,173€6,388▲ 23.5%
Suppliers440/4-€3,999€5,195€5,173€6,388▲ 23.5%
Taxes, remuneration and social security45-€9,230€22,885€18,561€21,866▲ 17.8%
Taxes450/3-€9,230€22,885€18,561€21,866▲ 17.8%
Other amounts payable47/48-€8,000€5,000€5,000€5,000=
Accrued charges and deferred income492/3-€15,781€0---
Line20202021202220232024Change
Profit (loss) for the period9904-€19,288€44,643€37,513€50,989€55,212▲ 8.3%
+ Depreciation and write-downs630€6,017€10,752€16,931€16,469€15,654▼ 5.0%
Operating cash flow (approximation)-€13,271€55,395€54,444€67,458€70,866▲ 5.1%
Investment in fixed assets (approximation)--€201,975€0€0-€9,337-
Change in cash-€12,726-€1,027€34,375€31,023▼ 9.8%

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
15-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
13-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Highest result since 2020net €55,212 ▲8.3%
Operating result €74,567, net result €55,212, both a record.
12-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
09-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 9 days late
2021
31-12
Financial Back to profitnet €44,643
Net result €44,643 after one loss-making year.
31-12
Financial Liquidity triplescurrent ratio 1.26
Current ratio from 0.43 to 1.26.
05-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
1.3 ha
Building footprint
3,714 m²
Parcel 46016D1355/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
VAST FB
Schaarbeekstraat(MEL) 21, 9120 Beveren-Kruibeke-ZwijndrechtRenting and operating of own or leased residential real estate, excluding social housing
since 20202.304.292.309
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46016D1355/00D000 Flanders 1.3 ha 1 · 3,713 m² -
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. All Warehousing 99.81%
  2. VAST FB

Highest known parent: All Warehousing. 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.

Similar companies · same sector, comparable size

Of 9,698 companies in sector 68121 we hold annual accounts for 7,393. 3,448 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
Founded23-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Contact
E-mail Aiko@fbnv.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0748862764
Also 9925:BE0748862764
Registered 03-11-2025

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

Register as of 28 September 2026 · Peppol Directory

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