VAT Forum
ActiveSummary
VAT Forum has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-6k) and a net result of €6k. Equity is shrinking by ~89% per year across the filed fiscal years. Its solvency ranks better than 26% of 6162 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▲+80
Solvency8▲+8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.04 against 0.7 in 2023; short-term debt: 96.2% and cash: 12.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-17%
Return on assets
17%
Age of the figures
21 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
15 d early
2023
on the day
2022
11 d early
2021
29 d late
2020
4 d early
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-6k▲ 51.5%
2023 · €-12k
2018: €197k
2019: €200k
2020: €130k
2021: €46k
2022: €34k
2023: €-12k
2018 → 2024
Total assets
€35k▲ 21.9%
2023 · €29k
2018: €241k
2019: €248k
2020: €183k
2021: €81k
2022: €67k
2023: €29k
2018 → 2024
Net result
€6k
2023 · €-47k
2018: €44k
2019: €435
2020: €-70k
2021: €-4k
2022: €-12k
2023: €-47k
2018 → 2024
Working capital
€1k
2023 · €-12k
2018: €197k
2019: €228k
2020: €131k
2021: €46k
2022: €35k
2023: €-12k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€130k-€46k▼ 64.3%€34k▼ 26.3%€-12k€-6k▲ 51.5%
Operating result€-74k-€-6k▲ 91.8%€-12k▼ 99.7%€-46k▼ 284%€6k
Net result€-70k-€-4k▲ 94.3%€-12k▼ 205%€-47k▼ 283%€6k
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 returns to profit in 2024: €6k after a loss of €46k in 2023, the highest result in the available series.
Key figures and ratios
Solvency
-17.0%▲
2023 · -42.8%
Current ratio
1.04▲
2023 · 0.70
Debt to equity
-6.88▼
2023 · -3.34
ROA
17.0%▲
2023 · -160.2%
Debt
€41k▼
2023 · €41k
Debt ≤ 1 year
€34k▼
2023 · €41k
Income taxes
€1▼
2023 · €4
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 · 35 lines
Balance sheet
Code20232024
Assets
Total assets20/58€29k€35k▲
Current assets29/58€29k€35k▲
Amounts receivable within one year40/41€24k€31k▲
Trade receivables40€22k€28k▲
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€5k€4k▼
Deferred charges and accrued income490/1€97€150▲
Equity and liabilities
Total equity and liabilities10/49€29k€35k▲
Equity10/15€-12k€-6k▲
Contributions10/11€38k€38k▲
Reserves13€7k€7k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€-57k€-51k▲
Amounts payable17/49€41k€41k▼
Amounts payable within one year42/48€41k€34k▼
Trade debts44€27k€21k▼
Suppliers440/4€27k€21k▼
Other amounts payable47/48€14k€13k▼
Accrued charges and deferred income492/3-€7k
Income statement
Code20232024
Other operating charges640/8€1k€387▼
Non-recurring operating charges66A€937-
Gross operating margin9900€-44k€7k▲
Operating profit (loss)9901€-46k€6k▲
Financial income75/76B€14€4▼
Recurring financial income75€14€4▼
Financial charges65/66B€81€347▲
Recurring financial charges65€81€347▲
Profit (loss) for the period before taxes9903€-47k€6k▲
Income taxes67/77€4€1▼
Profit (loss) for the period9904€-47k€6k▲
Profit (loss) for the period to be appropriated9905€-47k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-57k€-51k▲
Profit (loss) brought forward from the previous period14P€-10k€-57k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after 4 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-70k ▼16280%
Net result drops to €-70k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 12.71
Current ratio from 5.44 to 12.71; short-term debt falls from €44k to €19k.
31-12
Financial
Equity above €200kEq €200k ▲1.6%
2 profitable years in a row build equity to €200k.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Grimbergen · 1 establishment unit since 1999
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.
Prinsenstraat 401850 GrimbergenGround area
1,139 m²
Building footprint
102 m²
Volume, LiDAR
786 m³
Parcel 23402E0470/00Y000, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Prinsenstraat 40, 1850 Grimbergen
since 19992.091.775.306
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23402E0470/00Y000 | Flanders | 1,139 m² | 1 · 102 m² | 11.0 m · 3 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 7,006 companies in sector 96999 we hold annual accounts for 602. 425 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 formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded19-03-1999
Fiscal year end31-12
Activities, NACEBEL 2025
96999Other personal services
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.