VASTGOED BAERT
ActiveVASTGOED BAERT has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €212k and a net result of €-82k. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 31% of 9113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability17▼-44
Solvency38▼-13
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.07 against 0.23 in 2024; short-term debt: 39.8% and cash: 1.2% of total assets), and 87.5% 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 risk○neutral
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 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 24-08-2026, 24 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
24 d late
2024
54 d late
2023
182 d late
2022
177 d late
2021
26 d late
2020
30 d late
2019
26 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 monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€212k▼ 28.0%
2024 · €294k
2018: €70k
2019: €127k
2020: €140k
2021: €157k
2022: €223k
2023: €246k
2024: €294k
2018 → 2025
Total assets
€1.69M▲ 51.7%
2024 · €1.11M
2018: €216k
2019: €181k
2020: €608k
2021: €1.57M
2022: €1.56M
2023: €1.64M
2024: €1.11M
2018 → 2025
Net result
€-82k
2024 · €49k
2018: €21k
2019: €56k
2020: €13k
2021: €17k
2022: €67k
2023: €23k
2024: €49k
2018 → 2025
Working capital
€-624k▼ 205%
2024 · €-205k
2018: €65k
2019: €122k
2020: €305k
2021: €309k
2022: €3k
2023: €244k
2024: €-205k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€157k-€223k▲ 42.5%€246k▲ 10.3%€294k▲ 19.3%€212k▼ 28.0%
Operating result€68k-€126k▲ 84.9%€68k▼ 46.3%€105k▲ 56.1%€-22k
Net result€17k-€67k▲ 288%€23k▼ 65.4%€49k▲ 114%€-82k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €22k after €105k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.69M
Fixed assets
€1.64M▲ 55.8%
Current assets
€49k▼ 19.6%
Equity and liabilities €1.69M
Equity
€212k▼ 28.0%
Debt
€1.48M▲ 80.3%
The debt ratio rises from 73.6% to 87.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€13k▼
2024 · €134k
Cash flow
€-48k▼
2024 · €78k
Solvency
12.5%▼
2024 · 26.4%
Current ratio
0.07▼
2024 · 0.23
Quick ratio
0.07▼
2024 · 0.23
Debt / equity
6.98▲
2024 · 2.79
ROE
-38.9%▼
2024 · 16.8%
ROA
-4.9%▼
2024 · 4.4%
Interest coverage
0.54▼
2024 · 4.37
Debt
€1.48M▲
2024 · €820k
Debt ≤ 1 year
€673k▲
2024 · €265k
Debt > 1 year
€805k▲
2024 · €555k
Income taxes
€37k▲
2024 · €25k
Staff costs
€4k▲
2024 · €3k
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€1.11M€1.69M▲
Fixed assets21/28€1.05M€1.64M▲
Tangible fixed assets22/27€1.05M€1.04M▼
Land and buildings22€1.04M€1.04M▼
Furniture and vehicles24€11k€5k▼
Financial fixed assets28€1k€601k▲
Current assets29/58€60k€49k▼
Amounts receivable within one year40/41€29k€26k▼
Trade receivables40€28k€25k▼
Other amounts receivable41€970€970=
Cash at bank and in hand54/58€28k€20k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.11M€1.69M▲
Equity10/15€294k€212k▼
Contributions10/11€64k€64k=
Capital10€64k€64k=
Issued capital100€64k€64k=
Reserves13€230k€230k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€224k€224k=
Profit (loss) carried forward14-€-82k
Amounts payable17/49€820k€1.48M▲
Amounts payable after more than one year17€555k€805k▲
Other amounts payable178/9€555k€805k▲
Amounts payable within one year42/48€265k€673k▲
Current portion of amounts payable after more than one year42€78k€120k▲
Trade debts44€15k€43k▲
Suppliers440/4€15k€43k▲
Taxes, remuneration and social security45€157k€108k▼
Taxes450/3€157k€108k▼
Other amounts payable47/48€15k€402k▲
Income statement
Code20242025
Remuneration, social security and pensions62€3k€4k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€35k▲
Other operating charges640/8€3k€13k▲
Gross operating margin9900€140k€30k▼
Operating profit (loss)9901€105k€-22k▼
Financial charges65/66B€31k€24k▼
Recurring financial charges65€31k€24k▼
Profit (loss) for the period before taxes9903€75k€-46k▼
Income taxes67/77€25k€37k▲
Profit (loss) for the period9904€49k€-82k▼
Profit (loss) for the period to be appropriated9905€49k€-82k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€-82k▼
Transfer to equity691/2€48k-
To other reserves6921€48k-
Profit to be distributed694/7€2k-
Return on contributions (dividend)694€2k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet €-82k ▼267%
Net result drops to €-82k, the lowest in the series.
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 182 days late
2024
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 177 days late
2022
31-12
Financial
Highest result since 2018net €67k ▲288%
Operating result €126k, net result €67k, both a record.
31-12
Financial
Equity above €200kEq €223k ▲42.5%
5 profitable years in a row build equity to €223k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Equity above €150kEq €157k ▲12.3%
4 profitable years in a row build equity to €157k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 3.22
Current ratio from 1.45 to 3.22; short-term debt falls from €145k to €55k.
31-12
Financial
Equity above €100kEq €127k ▲79.8%
2 profitable years in a row build equity to €127k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
18-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 79 days late
Financial milestoneNBB 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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Nieuwpoort · 1 establishment unit since 2000
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.
Lombardsijdestraat 118620 NieuwpoortGround area
1,035 m²
Building footprint
585 m²
Volume, LiDAR
7,860 m³
2 parcels, Flanders · tallest building 28.3 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Kol. D'Haenenlaan(Odk) 8, 8670 Koksijde
since 20002.115.799.632
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38018A1048/00D000 | Flanders | 715 m² | 1 · 182 m² | 8.8 m · 2 fl. |
| 38402D0048/00D000 | Flanders | 319 m² | 1 · 403 m² | 28.3 m · 7 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.
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Of 11,751 companies in sector 68310 we hold annual accounts for 6,908. 5,154 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-02-2000
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0477350.353