Equity
€2.8m ▲ 3.4%
Vastin has made a profit without a break since 2017.
Vastin
Lifetime
20 annual accounts with figures on one time axis, 42 filings since 1983peak €768,057 (2006)
€246,263▲ 12.9%
lowest -€46,098 (2007)
€90,949▲ 57.3%
peak €3.1m (2023)
€2.8m▲ 3.4%
€260,080▼ 27.8%
peak 9 FTE (2015)
-not published
Board2 names since 2019
1 directorLuc RADEMAEKERS
Owners
Documentsfilings and deeds
29-06-202632 days before the deadline
2025financial year
Gross margin from €218,121 to €246,263Result from €57,803 to €90,949Debts from €359,988 to €260,080
Key points
from the 2025 annual accountsChecked score
98
Excellent
Financially stronger than 82% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 20.10, cash €1.5m
Size: total assets €3.3m
Figures for financial year 2025 (filed on 29-06-2026)
Equity €2.8m (85.5% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 92% of them on solvency, 99% on liquidity, 78% on profitability and 58% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as Vastin has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Vastin itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for Vastin. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €270,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 20.1 (10.9 in 2024), above the usual 1.5. Short-term debt is 2.3% and cash 46.9% of total assets. 14.5% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
28 days early
2023
35 days early
2022
62 days early
2021
34 days early
2020
53 days early
2019
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 39 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0423259302
Purpose change
“Het handelen in auto’s en lichte bestelwagens; Het organiseren van helikoptervluchten;evenementen rond en met…” (deed in Dutch) · General meeting of 21-11-2022 · Gazette deed
Appointment: Luc RADEMAEKERS (sole director)
“Alle activiteiten die vallen onder de landbouw,teelt van planten en dieren,gewassen,granen,bloemen,bomen,tabak…” (deed in Dutch) · General meeting of 27-05-2020 · Gazette deed
Resignation: Christel Vanderiet (director)
Director discharge: Christel Vanderiet · General meeting of 01-10-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Vastin Boortmeerbeek | €3.3m | €246,263 | 85.5% | - |
| Honda Mertens Immo Leuven | €3.4m | €199,218 | -0.6% | 0 |
| IMMO ALEN Diest | €3.6m | €288,233 | 70.3% | - |
| IMMOBILIERE DIDI AUTOMOBILES Herve | €3.1m | €262,375 | 0.7% | - |
| EGIMAX Ichtegem | €3.5m | €268,153 | 57.3% | 0 |
| Consult Immo VDS-VW Maarkedal | €3.2m | €257,019 | 3.2% | - |
| DE KINDER INVEST Buggenhout | €3.8m | €220,006 | 13.6% | 0 |
These companies have the same main activity as Vastin: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €3.1m and €3.8m, founded between 1979 and 1987.
Official details
Source: KBO- Status
- Active since 25-11-1982Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 2 others
- Establishment unit
- 2.017.320.8763190 Boortmeerbeek, since 01-12-1982
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Annual accounts 2025
- ≈ €330,000estimated
- €3.3m▼ 0.7%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on Vastin
Vastin has existed since 1982. The gross margin fell from €768,057 in 2006 to €365,660 in 2007, while staff rose from 4.4 to 6.5 full-time equivalents.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Vastin
- What is the company number of Vastin?
- The company number of Vastin is 0423.259.302. The VAT number is the same number with BE in front: BE 0423.259.302.
- Where is Vastin based?
- The registered office is at Industrieweg 17, 3190 Boortmeerbeek.Company details
- What does Vastin do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of Vastin?
- Vastin is a public limited company (NV).
- When was Vastin founded?
- Vastin was founded on 25-11-1982.
- Is Vastin still active?
- Yes, Vastin is an active enterprise in the KBO register.
- What is the turnover of Vastin?
- The turnover in financial year 2025 is ≈ €330,000. This figure is estimated from the gross margin of €246,263 and 37 comparable companies (NACE 68203). It probably lies between €260,000 and €520,000.Financials
- Is Vastin profitable?
- In financial year 2025, Vastin made a profit of €90,949.
- Where can I find the annual accounts of Vastin?
- Vastin filed 42 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Vastin due?
- Vastin must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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