VASTGOED E.3
ActiveVASTGOED E.3 has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.11M and a net result of €84k. Equity is growing by ~3.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
94
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▲+4
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290k at 30 days acceptable
balance sheet total too small for a liquidity verdict, and 36.5% 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+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
63.5%
Return on assets
1.7%
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
4 d early
2023
19 d late
2022
on the day
2021
29 d late
2020
1 d early
2019
91 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3.11M▲ 2.8%
2024 · €3.02M
2018: €2.36M
2019: €2.45M
2020: €2.60M
2021: €2.76M
2022: €2.86M
2023: €2.97M
2024: €3.02M
2018 → 2025
Total assets
€4.90M▲ 1.0%
2024 · €4.85M
2018: €3.92M
2019: €4.02M
2020: €3.94M
2021: €4.10M
2022: €4.28M
2023: €4.59M
2024: €4.85M
2018 → 2025
Net result
€84k▲ 55.2%
2024 · €54k
2018: €145k
2019: €86k
2020: €160k
2021: €157k
2022: €97k
2023: €111k
2024: €54k
2018 → 2025
Working capital
€2.24M▲ 6.8%
2024 · €2.09M
2018: €1.68M
2019: €1.19M
2020: €1.52M
2021: €1.69M
2022: €1.51M
2023: €1.67M
2024: €2.09M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.76M-€2.86M▲ 3.5%€2.97M▲ 3.9%€3.02M▲ 1.8%€3.11M▲ 2.8%
Operating result€164k-€176k▲ 7.3%€34k▼ 80.9%€108k▲ 221%€113k▲ 5.1%
Net result€157k-€97k▼ 38.2%€111k▲ 13.8%€54k▼ 51.2%€84k▲ 55.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.90M
Fixed assets
€2.66M▼ 2.2%
Current assets
€2.24M▲ 4.9%
Equity and liabilities €4.90M
Equity
€3.11M▲ 2.8%
Provisions
€1.79M=
Debt
€830▼ 97.8%
The debt ratio falls from 0.8% to 0.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€254k▲
2024 · €241k
Cash flow
€225k▲
2024 · €187k
Solvency
63.5%▲
2024 · 62.3%
Debt / equity
0.00▼
2024 · 0.01
ROE
2.7%▲
2024 · 1.8%
ROA
1.7%▲
2024 · 1.1%
Interest coverage
1344.08▼
2024 · 1526.48
Debt
€830▼
2024 · €38k
Debt ≤ 1 year
€830▼
2024 · €38k
Income taxes
€29k▼
2024 · €109k
A ratio outside any meaningful range has been withheld (balance sheet total €4.90M, equity €3.11M).
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€4.85M€4.90M▲
Fixed assets21/28€2.72M€2.66M▼
Tangible fixed assets22/27€2.61M€2.55M▼
Land and buildings22€2.35M€2.23M▼
Plant, machinery and equipment23€256k€322k▲
Financial fixed assets28€110k€110k▲
Current assets29/58€2.13M€2.24M▲
Amounts receivable within one year40/41€263k€416k▲
Trade receivables40€3k€25k▲
Other amounts receivable41€260k€391k▲
Cash at bank and in hand54/58€1.87M€1.82M▼
Equity and liabilities
Total equity and liabilities10/49€4.85M€4.90M▲
Equity10/15€3.02M€3.11M▲
Contributions10/11€1.00M€1.00M=
Reserves13€100k€100k=
Non-distributable reserves130/1€100k€100k=
Reserves not available under the articles1311€100k€100k=
Profit (loss) carried forward14€1.92M€2.01M▲
Provisions and deferred taxes16€1.79M€1.79M=
Deferred taxes168€1.79M€1.79M=
Amounts payable17/49€38k€830▼
Amounts payable within one year42/48€38k€830▼
Advances received on contracts in progress46€830€830=
Other amounts payable47/48€37k-
Income statement
Code20242025
Non-recurring operating income76A-€7k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€133k€141k▲
Other operating charges640/8€49k€47k▼
Gross operating margin9900€290k€301k▲
Operating profit (loss)9901€108k€113k▲
Financial income75/76B€56k€9▼
Recurring financial income75€56k€9▼
Financial charges65/66B€158€189▲
Recurring financial charges65€158€189▲
Profit (loss) for the period before taxes9903€163k€113k▼
Income taxes67/77€109k€29k▼
Profit (loss) for the period9904€54k€84k▲
Profit (loss) for the period to be appropriated9905€54k€84k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.92M€2.01M▲
Profit (loss) brought forward from the previous period14P€1.87M€1.92M▲
The notes to these accounts (8 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 48current ratio 2695.38
Current ratio from 55.86 to 2695.38; short-term debt falls from €38k to €830.
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €54k ▼51.2%
Net result drops to €54k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 55.86
Current ratio from 20.05 to 55.86; short-term debt falls from €88k to €38k.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €160k ▲84.7%
Net result €160k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 38.46
Current ratio from 11.43 to 38.46; short-term debt falls from €114k to €40k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2022
Deffernez Eddy
CurrentDirector · since 17-11-2022
NAUWELAERTS ARMAND
Not recently confirmedManager · since 05-09-2019
17-11-2022
Deffernez Eddy: Appointed as Director
05-09-2019
NAUWELAERTS ARMAND: Appointed as Manager
Location & real-estate footprint
Registered office, Heist-op-den-Berg · 1 establishment unit since 1987
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.
Schriekstraat 20a2223 Heist-op-den-BergGround area
3,915 m²
Building footprint
162 m²
Volume, LiDAR
860 m³
Parcel 12033A0499/00D000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VASTGOED E 3
since 19872.032.471.286
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12033A0499/00D000 | Flanders | 3,915 m² | 1 · 162 m² | 9.1 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.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Recognitions · licences · registrations
Legal Entity Identifier
894500MSD5YPA3NXPV32
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-11-1987
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 38 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.