VASTEK
ActiveSummary
The computed 12-month bankruptcy probability of VASTEK is 2.0% (moderate). The 2025 annual accounts show equity of €20k and a net result of €7k. Equity is growing by ~65.6% per year across the filed fiscal years. Its solvency ranks better than 83% of 7500 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+17
Solvency100▲+12
Growth78=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 3.63 against 2.22 in 2024; short-term debt: 25% and cash: 62.4% of total assets), and 25% of the assets are financed with debt.
Credit check for your own amount and term
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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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 2025Solvency, return and age of the figures
Solvency
75%
Return on assets
28.2%
Age of the figures
9 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 29-03-2026, 124 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
124 d early
2024
72 d early
2023
127 d early
2022
69 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, micro schema
Equity
€20k▲ 60.1%
2024 · €12k
2022: €4klowest in 4 years
2023: €10k▲ +158% vs 2022
2024: €12k▲ +22.1% vs 2023
2025: €20k▲ +60.1% vs 2024highest in 4 years
2022 → 2025
Total assets
€27k▲ 35.1%
2024 · €20k
2022: €7klowest in 4 years
2023: €25k▲ +231% vs 2022
2024: €20k▼ -20.1% vs 2023
2025: €27k▲ +35.1% vs 2024highest in 4 years
2022 → 2025
Net result
€7k▲ 232%
2024 · €2k
2022: €953lowest in 4 years
2023: €7k▲ +638% vs 2022
2024: €2k▼ -68.0% vs 2023
2025: €7k▲ +232% vs 2024highest in 4 years
2022 → 2025
Working capital
€17k▲ 98.2%
2024 · €9k
2022: €1klowest in 4 years
2023: €8k▲ +524% vs 2022
2024: €9k▲ +7.7% vs 2023
2025: €17k▲ +98.2% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€4k-€10k▲ 158%€12k▲ 22.1%€20k▲ 60.1%
2022: €4klowest in 4 years
2023: €10k▲ +158% vs 2022
2024: €12k▲ +22.1% vs 2023
2025: €20k▲ +60.1% vs 2024highest in 4 years
Operating result€2k-€11k▲ 375%€4k▼ 63.3%€12k▲ 183%
2022: €2klowest in 4 years
2023: €11k▲ +375% vs 2022
2024: €4k▼ -63.3% vs 2023
2025: €12k▲ +183% vs 2024highest in 4 years
Net result€953-€7k▲ 638%€2k▼ 68.0%€7k▲ 232%
2022: €953lowest in 4 years
2023: €7k▲ +638% vs 2022
2024: €2k▼ -68.0% vs 2023
2025: €7k▲ +232% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 183% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27k
Fixed assets
€3k ▼ 31.5%
Current assets
€24k ▲ 50.3%
Equity and liabilities €27k
Equity
€20k ▲ 60.1%
Debt
€7k ▼ 8.1%
Debt's share of the balance-sheet total falls from 36.7% to 25.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▲
2024 · €5k
Cash flow
€9k▲
2024 · €3k
Current ratio
3.63▲
2024 · 2.22
Debt to equity
0.33▼
2024 · 0.58
ROE
37.5%▲
2024 · 18.1%
ROA
28.2%▲
2024 · 11.5%
Interest coverage
81.19▲
2024 · 34.21
Debt ≤ 1 year
€7k▼
2024 · €7k
Income taxes
€4k▲
2024 · €2k
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 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€20k€27k▲
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€1k€661▼
Current assets29/58€16k€24k▲
Amounts receivable within one year40/41€8k€7k▼
Trade receivables40€2k€2k▼
Other amounts receivable41€5k€5k▼
Cash at bank and in hand54/58€7k€17k▲
Deferred charges and accrued income490/1€1k€177▼
Equity and liabilities
Total equity and liabilities10/49€20k€27k▲
Equity10/15€12k€20k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€9k€17k▲
Amounts payable17/49€7k€7k▼
Amounts payable within one year42/48€7k€7k▼
Trade debts44€1k€523▼
Suppliers440/4€1k€523▼
Taxes, remuneration and social security45€6k€6k▲
Taxes450/3€6k€6k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€860€1k▲
Other operating charges640/8€668€1k▲
Gross operating margin9900€6k€14k▲
Operating profit (loss)9901€4k€12k▲
Financial income75/76B€181€219▲
Recurring financial income75€181€219▲
Financial charges65/66B€145€157▲
Recurring financial charges65€145€157▲
Profit (loss) for the period before taxes9903€4k€12k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€2k€7k▲
Profit (loss) for the period to be appropriated9905€2k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€17k▲
Profit (loss) brought forward from the previous period14P€7k€9k▲
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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €222 | €614 | €860 | €1k | ▲ 34.1% |
| Other operating charges640/8 | €236 | €347 | €668 | €1k | ▲ 113% |
| Gross operating margin9900 | €3k | €12k | €6k | €14k | ▲ 152% |
| Operating profit (loss)9901 | €2k | €11k | €4k | €12k | ▲ 183% |
| Financial income75/76B | €19 | €44 | €181 | €219 | ▲ 20.6% |
| Recurring financial income75 | €19 | €44 | €181 | €219 | ▲ 20.6% |
| Financial charges65/66B | €10 | €227 | €145 | €157 | ▲ 8.5% |
| Recurring financial charges65 | €10 | €227 | €145 | €157 | ▲ 8.5% |
| Profit (loss) for the period before taxes9903 | €2k | €11k | €4k | €12k | ▲ 182% |
| Income taxes67/77 | €1k | €4k | €2k | €4k | ▲ 124% |
| Profit (loss) for the period9904 | €953 | €7k | €2k | €7k | ▲ 232% |
| Profit (loss) for the period to be appropriated9905 | €953 | €7k | €2k | €7k | ▲ 232% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €7k | €25k | €20k | €27k | ▲ 35.1% |
| Fixed assets21/28 | €3k | €2k | €4k | €3k | ▼ 31.5% |
| Tangible fixed assets22/27 | €3k | €2k | €4k | €3k | ▼ 31.5% |
| Plant, machinery and equipment23 | €2k | €1k | €3k | €2k | ▼ 29.0% |
| Furniture and vehicles24 | €843 | €624 | €1k | €661 | ▼ 37.7% |
| Current assets29/58 | €5k | €23k | €16k | €24k | ▲ 50.3% |
| Amounts receivable within one year40/41 | €518 | €5k | €8k | €7k | ▼ 5.2% |
| Trade receivables40 | - | €1k | €2k | €2k | ▼ 8.2% |
| Other amounts receivable41 | €518 | €4k | €5k | €5k | ▼ 3.9% |
| Cash at bank and in hand54/58 | €3k | €14k | €7k | €17k | ▲ 131% |
| Deferred charges and accrued income490/1 | €952 | €4k | €1k | €177 | ▼ 84.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €7k | €25k | €20k | €27k | ▲ 35.1% |
| Equity10/15 | €4k | €10k | €12k | €20k | ▲ 60.1% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €953 | €7k | €9k | €17k | ▲ 79.2% |
| Amounts payable17/49 | €3k | €14k | €7k | €7k | ▼ 8.1% |
| Amounts payable within one year42/48 | €3k | €14k | €7k | €7k | ▼ 8.1% |
| Trade debts44 | €2k | €10k | €1k | €523 | ▼ 62.0% |
| Suppliers440/4 | €2k | €10k | €1k | €523 | ▼ 62.0% |
| Taxes, remuneration and social security45 | €1k | €4k | €6k | €6k | ▲ 4.6% |
| Taxes450/3 | €1k | €4k | €6k | €6k | ▲ 4.6% |
| Other amounts payable47/48 | €257 | €800 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €953 | €7k | €2k | €7k | ▲ 232% |
| + Depreciation and write-downs630 | €222 | €614 | €860 | €1k | ▲ 34.1% |
| Operating cash flow (approximation) | €1k | €8k | €3k | €9k | ▲ 177% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €0 | ▲ 100% |
| Change in cash | - | €11k | €-7k | €9k | ▲ 236% |
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
29-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €7k ▲232%
Operating result €12k, net result €7k, both a record.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Assenede · 1 establishment unit since 2022
Ground area
384 m²
Building footprint
117 m²
Volume, LiDAR
343 m³
Parcel 43003B0960/00V002, Flanders · tallest building 3.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VASTEK
since 20222.329.932.674
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43003B0960/00V002 | Flanders | 384 m² | 1 · 117 m² | 3.3 m · 1 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 29,779 companies in sector 41001 we hold annual accounts for 16,044. 11,543 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
Founded05-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.