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Vast-Goed

Active
Private limited companyfounded 199233 yrs activePlezierstraat 21, 9810 Nazareth-De Pinte, BelgiumKBO/BCE: BE 0448.300.346

Vast-Goed has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.58M and a net result of €-14k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 75% of 9098 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
65 / 100
Healthy▼ -29 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-40
Solvency99=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €300k at 30 days acceptable
Liquidity ample (current ratio 9.22 against 3.87 in 2024), and 35.7% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers riskneutral
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
Sector 68
lower
← 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 date
Age against the risk zone
elevated failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
64.3%
Return on assets
-0.2%
Age of the figures
8 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 · 10 filings
Deviation from the deadline
2025
46 d early
2024
43 d early
2023
12 d early
2022
34 d early
2021
33 d early
2020
25 d early
2019
6 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 months
Position in the running window
14-09-2026 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

Financials · fiscal year 2025, abbreviated schema

Equity
€4.58M▼ 0.3%
2024 · €4.59M
2018: €1.83M 2019: €1.56M 2020: €1.61M 2021: €1.36M 2022: €4.14M 2023: €4.22M 2024: €4.59M
2018 → 2025
Total assets
€7.12M▼ 4.1%
2024 · €7.42M
2018: €5.23M 2019: €6.91M 2020: €8.27M 2021: €12.68M 2022: €7.08M 2023: €6.86M 2024: €7.42M
2018 → 2025
Net result
€-14k
2024 · €371k
2018: €-88k 2019: €-272k 2020: €47k 2021: €-248k 2022: €2.78M 2023: €76k 2024: €371k
2018 → 2025
Working capital
€1.13M▲ 3.4%
2024 · €1.09M
2018: €292k 2019: €259k 2020: €-63k 2021: €-814k 2022: €1.04M 2023: €334k 2024: €1.09M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€1.36M-€4.14M▲ 205%€4.22M▲ 1.8%€4.59M▲ 8.8%€4.58M▼ 0.3%
Operating result€-95k-€3.63M€161k▼ 95.6%€573k▲ 255%€38k▼ 93.4%
Net result€-248k-€2.78M€76k▼ 97.3%€371k▲ 391%€-14k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€-1.00M€0€1.00M€2.00M€3.00M€4.00MOperating result 2021: €-95k€-95kNet result 2021: €-248k€-248kOperating result 2022: €3.63M€3.63MNet result 2022: €2.78M€2.78MOperating result 2023: €161k€161kNet result 2023: €76k€76kOperating result 2024: €573k€573kNet result 2024: €371k€371kOperating result 2025: €38k€38kNet result 2025: €-14k€-14k20212022202320242025
The operating result falls in 2025; 2025 is 93% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.12M
Fixed assets €5.85M▼ 1.6%
Current assets €1.26M▼ 14.0%
Equity and liabilities €7.12M
Equity €4.58M▼ 0.3%
Debt €2.54M▼ 10.2%
The debt ratio falls from 38.1% to 35.7%: debt falls faster than equity shrinks.
Key figures and ratios
2025 value · change against 2024
EBITDA
€157k
2024 · €666k
Cash flow
€106k
2024 · €464k
Solvency
64.3%
2024 · 61.9%
Current ratio
9.22
2024 · 3.87
Quick ratio
9.22
2024 · 3.87
Debt / equity
0.55
2024 · 0.62
ROE
-0.3%
2024 · 8.1%
ROA
-0.2%
2024 · 5.0%
Interest coverage
2.37
2024 · 11.64
Debt
€2.54M
2024 · €2.83M
Debt ≤ 1 year
€137k
2024 · €379k
Debt > 1 year
€2.34M
2024 · €2.39M
Income taxes
€1k
2024 · €146k
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€7.42M€7.12M
Fixed assets21/28€5.95M€5.85M
Tangible fixed assets22/27€5.95M€5.85M
Land and buildings22€5.88M€5.79M
Furniture and vehicles24€35k€35k=
Other tangible fixed assets26€30k€30k=
Current assets29/58€1.47M€1.26M
Amounts receivable after more than one year29€113k€104k
Trade receivables290€0-
Other amounts receivable291€113k€104k
Amounts receivable within one year40/41€45k€77k
Trade receivables40€13k€30k
Other amounts receivable41€32k€47k
Current investments50/53€1.23M€0
Cash at bank and in hand54/58€82k€1.08M
Deferred charges and accrued income490/1€0€8k
Equity and liabilities
Total equity and liabilities10/49€7.42M€7.12M
Equity10/15€4.59M€4.58M
Contributions10/11€611k€611k=
Revaluation surpluses12€407k€407k=
Reserves13€3.57M€3.56M
Distributable reserves133€3.57M€3.56M
Amounts payable17/49€2.83M€2.54M
Amounts payable after more than one year17€2.39M€2.34M
Financial debts170/4€2.39M€2.34M
Amounts payable within one year42/48€379k€137k
Current portion of amounts payable after more than one year42€96k€96k=
Trade debts44€18k€29k
Suppliers440/4€18k€29k
Taxes, remuneration and social security45€113k€8k
Taxes450/3€113k€8k
Other amounts payable47/48€152k€5k
Accrued charges and deferred income492/3€60k€61k
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€93k€120k
Other operating charges640/8€23k€26k
Gross operating margin9900€689k€183k
Operating profit (loss)9901€573k€38k
Financial income75/76B€1k€16k
Recurring financial income75€1k€16k
Financial charges65/66B€57k€66k
Recurring financial charges65€57k€66k
Profit (loss) for the period before taxes9903€517k€-12k
Income taxes67/77€146k€1k
Profit (loss) for the period9904€371k€-14k
Profit (loss) for the period to be appropriated9905€371k€-14k
Appropriation of the result
Profit (loss) to be appropriated9906€371k€-14k
Transfer from equity791/2-€14k
Transfer to equity691/2€371k€0
To other reserves6921€371k€0

The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
03-08
State Gazette act Capital & shares · Miscellaneous
General meeting · Share split · Capital increase6 facts ▸
  • General meeting, 29/06/2026
  • Share split, Splitsing van bestaande 270 aandelen met factor 100
  • Capital increase, €1.183.154
  • Real estate, Werkplaats te Petegem-aan-de-Leie (B-9800 Deinze), E3-laan 14; drie percelen bouwland te Nazareth (B-9810 Nazareth-De Pinte), Neetens Hoek; perceel bouwgrond te…
  • Statutes amendment, Artikel 5
  • Power of attorney, RVH-Notarissen
15-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Liquidity doublescurrent ratio 9.22
Current ratio from 3.87 to 9.22; short-term debt falls from €379k to €137k.
18-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Back to profitnet €2.78M
Net result €2.78M after one loss-making year.
31-12
Financial Liquidity quadruplescurrent ratio 3.69
Current ratio from 0.84 to 3.69; short-term debt falls from €5.22M to €387k.
31-12
Financial Equity above €2MEq €4.14M ▲205%
Equity rises from €1.36M to €4.14M.
28-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Back to profitnet €47k
Net result €47k after 2 loss-making years.
06-08
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 6 days late
2019
31-12
Financial Weakest financial yearnet €-272k
Net result drops to €-272k, the lowest in the series; recovery starts the following year.
26-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Nazareth-De Pinte · 1 establishment unit since 1992
establishment The establishment unit on the map
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.

Plezierstraat 219810 Nazareth-De Pinte
Ground area
2.1 ha
Building footprint
1,926 m²
Volume, LiDAR
13,892 m³
2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vast-Goed
Karrewegstraat 114, 9800 DeinzeAir transport
since 19922.059.129.163
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44054B0771/00N002 Flanders 1.1 ha 1 · 1,798 m² 8.5 m · 2 fl.
44048H0603/00M000 Flanders 9,925 m² 1 · 128 m² 7.6 m · 2 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Capital and shareholders

Capital increase of 1,183,154 EUR · 5,108 new shares
State Gazette act of 03-08-2026

Recognitions · licences · registrations

Food safety, FASFC

1 site
Deinze2.059.129.163
1 permission
Groothandel hout schors · since 01-01-2006

Similar companies · same sector, comparable size

Of 11,974 companies in sector 68203 we hold annual accounts for 5,947. 2,743 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded21-09-1992
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.