VASTERSAVENDTS
ActiveSummary
VASTERSAVENDTS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.30M and a net result of €152k. Equity is growing by ~35.2% per year across the filed fiscal years. Its solvency ranks better than 85% of 2934 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 6.77 against 5.87 in 2023; short-term debt: 10.8% and cash: 14.7% of total assets), and 15.9% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
84.1%
Return on assets
9.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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
not confirmed
2024
28 d late
2023
30 d late
2022
31 d late
2021
29 d late
2020
31 d late
2019
56 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.30M▲ 7.2%
2023 · €1.21M
2018: €268k
2019: €304k
2020: €330k
2021: €519k
2022: €1.01M
2023: €1.21M
2018 → 2024
Total assets
€1.54M▲ 6.0%
2023 · €1.45M
2018: €512k
2019: €494k
2020: €571k
2021: €824k
2022: €1.33M
2023: €1.45M
2018 → 2024
Net result
€152k▼ 21.6%
2023 · €194k
2018: €39k
2019: €36k
2020: €56k
2021: €189k
2022: €554k
2023: €194k
2018 → 2024
Working capital
€963k▲ 18.6%
2023 · €812k
2018: €80k
2019: €137k
2020: €221k
2021: €332k
2022: €655k
2023: €812k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€330k-€519k▲ 57.4%€1.01M▲ 95.5%€1.21M▲ 19.1%€1.30M▲ 7.2%
Operating result€90k-€288k▲ 220%€794k▲ 176%€282k▼ 64.5%€219k▼ 22.4%
Net result€56k-€189k▲ 237%€554k▲ 193%€194k▼ 65.0%€152k▼ 21.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 22% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.54M
Fixed assets
€412k ▼ 13.5%
Current assets
€1.13M ▲ 15.4%
Equity and liabilities €1.54M
Equity
€1.30M ▲ 7.2%
Provisions
€79k =
Debt
€167k ▲ 0.2%
Debt's share of the balance-sheet total falls from 11.5% to 10.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€292k▼
2023 · €352k
Cash flow
€225k▼
2023 · €264k
Current ratio
6.77▲
2023 · 5.87
Debt to equity
0.13▼
2023 · 0.14
ROE
11.7%▼
2023 · 16.0%
ROA
9.9%▼
2023 · 13.3%
Interest coverage
67.43▼
2023 · 85.32
Debt ≤ 1 year
€167k▲
2023 · €167k
Income taxes
€76k▼
2023 · €93k
Staff costs
€20k▼
2023 · €28k
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 · 2024 against 2023 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.45M€1.54M▲
Formation expenses20€1€1=
Fixed assets21/28€476k€412k▼
Tangible fixed assets22/27€474k€410k▼
Plant, machinery and equipment23€17k€12k▼
Furniture and vehicles24€56k€34k▼
Other tangible fixed assets26€400k€365k▼
Financial fixed assets28€2k€2k=
Current assets29/58€978k€1.13M▲
Amounts receivable after more than one year29€230k€168k▼
Other amounts receivable291€230k€168k▼
Amounts receivable within one year40/41€292k€703k▲
Trade receivables40€179k€451k▲
Other amounts receivable41€113k€251k▲
Current investments50/53€25k€25k=
Cash at bank and in hand54/58€425k€226k▼
Deferred charges and accrued income490/1€8k€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.45M€1.54M▲
Equity10/15€1.21M€1.30M▲
Contributions10/11€19k€19k=
Reserves13€1.18M€1.26M▲
Tax-exempt reserves132€1k€1k=
Distributable reserves133€1.18M€1.26M▲
Profit (loss) carried forward14€11k€12k▲
Provisions and deferred taxes16€79k€79k=
Provisions for liabilities and charges160/5€79k€79k=
Pensions and similar obligations160€79k€79k=
Amounts payable17/49€167k€167k▲
Amounts payable within one year42/48€167k€167k▲
Financial debts43€33k€33k=
Credit institutions430/8€33k€33k=
Trade debts44€12k€24k▲
Suppliers440/4€12k€24k▲
Taxes, remuneration and social security45€62k€49k▼
Taxes450/3€56k€44k▼
Remuneration and social security454/9€5k€4k▼
Other amounts payable47/48€60k€61k▲
Income statement
Code20232024
Non-recurring operating income76A€2k€14k▲
Remuneration, social security and pensions62€28k€20k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€73k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€383k€317k▼
Operating profit (loss)9901€282k€219k▼
Financial income75/76B€9k€14k▲
Recurring financial income75€9k€14k▲
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€287k€228k▼
Income taxes67/77€93k€76k▼
Profit (loss) for the period9904€194k€152k▼
Profit (loss) for the period to be appropriated9905€194k€152k▼
Appropriation of the result
Profit (loss) to be appropriated9906€204k€163k▼
Profit (loss) brought forward from the previous period14P€10k€11k▲
Transfer from equity791/2-€65k
Transfer to equity691/2€193k€151k▼
To other reserves6921€193k€151k▼
Profit to be distributed694/7-€65k
Return on contributions (dividend)694-€65k
Social balance
Average headcount (FTE)90870.80.6▼
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €554k ▲193%
Operating result €794k, net result €554k, both a record.
31-12
Financial
Equity above €1MEq €1.01M ▲95.5%
5 profitable years in a row build equity to €1.01M.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Equity above €500kEq €519k ▲57.4%
4 profitable years in a row build equity to €519k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 56 days late
2019
31-12
Financial
Weakest financial yearnet €36k ▼6.9%
Net result drops to €36k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Asse · 1 establishment unit since 2003
Ground area
214 m²
Building footprint
320 m²
Volume, LiDAR
2,185 m³
Parcel 23322L0189/00E000, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ADVOCATENKANTOOR VASTERSAVENDTS ALFONS EN JOERI
since 20032.224.060.540
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322L0189/00E000 | Flanders | 214 m² | 1 · 320 m² | 12.5 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 210 EUR awarded · 210 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 210 EUR | 210 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,058 companies in sector 69101 we hold annual accounts for 9,052. 3,646 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-02-2003
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.