VASTHOUT · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of VASTHOUT is 0.5% (very low). The 2024 annual accounts show equity of €1.09M and a net result of €-207k. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 41% of 1398 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 33 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-04-2025, 113 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	09-04-2025	113 d early	2025-00066121
31-12-2023	31-07-2024	06-05-2024	86 d early	2024-00082162
31-12-2022	31-07-2023	19-04-2023	103 d early	2023-00061099
31-12-2021	31-07-2022	24-06-2022	37 d early	2022-20088688

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.5% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-207k

Working capital€69k-35.4%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 09-04-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~5.5%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 70, Head offices & management consulting · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	33.3%	43.5%	better than 41% of 1398 sector peers
Net result	€-207k	€42k	better than 5% of 1399 sector peers
Equity	€1.09M	€163k	better than 82% of 1399 sector peers
Gross operating margin	€317k	€72k	better than 85% of 1398 sector peers
Total assets	€3.28M	€607k	better than 85% of 1398 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P41

Weakening position over 2021-2024 · n=594-1398

Net result P5

Stable position over 2021-2024 · n=594-1399

Equity P82

Stable position over 2021-2024 · n=594-1399

Gross operating margin P85

Improving position over 2021-2024 · n=591-1398

Describes the position versus peers, not a forecast.

EBITDA

€279k

+2.4% 21-24

Net profit

€-207k

- 21-24

Cash flow

€241k

+3.3% 21-24

Total assets

€3.28M

+82.8% 21-24

Equity

€1.09M

-15.9% 21-24

Working capital

€69k

-35.4% 21-24

Income taxes

€342

-98.7% 21-24

Dividends

€0

-100.0% 21-24

Show 10 other metrics

Debt

€2.19M

+342.2% 21-24

Debt ≤ 1y

€58k

-6.4% 21-24

Debt > 1y

€2.13M

+391.7% 21-24

Current ratio

2.19

-19.6% 21-24

Quick ratio

2.19

-19.6% 21-24

Solvency

33.3%

-54.0% 21-24

Debt / equity

2.00

+425.8% 21-24

ROE

-18.9%

- 21-24

ROA

-6.3%

- 21-24

Interest coverage

7.37

-65.7% 21-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	verkort
Revenue	-
EBITDA	€279k
Net profit	€-207k
Cash flow	€241k
Staff costs	-
Income taxes	€342
Dividends	-
Total assets	€3.28M
Equity	€1.09M
Debt	€2.19M
of which ≤ 1y	€58k
of which > 1y	€2.13M
Working capital	€69k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	2.19
Quick ratio	2.19
Working capital ratio	2.1%
Solvency	33.3%
Debt / equity	2.00
Long-term debt ratio	1.95
Interest coverage	7.37
Gross margin	-
Net margin	-
ROA	-6.3%
ROE	-18.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €3.16M · 96.2% Current assets €126k · 3.8%

Equity & liabilities

Equity €1.09M · 33.3% Debt €2.19M · 66.7%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€3.28M
Fixed assets	21/28	€3.16M
Tangible fixed assets	22/27	€3.16M
Current assets	29/58	€126k
Amounts receivable within one year	40/41	€48k
Cash & bank	54/58	€64k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€3.28M
Equity	10/15	€1.09M
Contributions / capital	10/11	€512k
Reserves	13	€581k
Amounts payable	17/49	€2.19M
Amounts payable after one year	17	€2.13M
Amounts payable within one year	42/48	€58k
Trade debts payable within one year	44	€6k
Income statement
Gross operating margin	9900	€317k
Operating result	9901	€-169k
Financial charges	65	€38k
Result before taxes	9903	€-206k
Income taxes	67/77	€342
Net result for the period	9904	€-207k
Result to be appropriated	9905	€-207k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

60 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

4 companies at this address See who is registered here

Establishment units

1 location

VASTHOUT

Kapelanielaan 7, 9140 TemseHandel in eigen onroerend goed

since 20212.320.953.444

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1.3 ha

Buildings1

Building footprint7,741 m²

Volume (LiDAR)51,132 m³

Tallest building9.8 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46025B0229/00F000	Flanders	1.3 ha	1 · 7,741 m²	9.8 m · 2 fl.

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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 2 acts read

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.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.