VAULET
ActiveVAULET has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €814k and a net result of €161k. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 71% of 334 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
93
/ 100
Excellent▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability99▼-1
Solvency96=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 2.02 against 2.26 in 2023), and 48.3% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
51.7%
Return on assets
10.2%
Age of the figures
20 mo
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 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
1 d late
2022
84 d early
2021
73 d early
2020
30 d late
2019
123 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€161k▼ 33.8%
2023 · €243k
2018: €73k
2019: €62k
2020: €75k
2021: €71k
2022: €60k
2023: €243k
2018 → 2024
Working capital
€517k▲ 16.5%
2023 · €444k
2018: €169k
2019: €77k
2020: €181k
2021: €236k
2022: €324k
2023: €444k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€425k-€499k▲ 17.5%€518k▲ 3.8%€704k▲ 36.0%€814k▲ 15.6%
Operating result€102k-€79k▼ 22.3%€71k▼ 9.9%€322k▲ 352%€213k▼ 33.8%
Net result€75k-€71k▼ 5.5%€60k▼ 15.5%€243k▲ 307%€161k▼ 33.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 34% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.57M
Fixed assets
€551k▲ 1.2%
Current assets
€1.02M▲ 28.6%
Equity and liabilities €1.57M
Equity
€814k▲ 15.6%
Provisions
€3k▼ 40.4%
Debt
€757k▲ 20.0%
The debt ratio rises from 47.0% to 48.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€338k▼
2023 · €457k
Cash flow
€286k▼
2023 · €378k
Solvency
51.7%▼
2023 · 52.5%
Current ratio
2.02▼
2023 · 2.26
Quick ratio
2.01▼
2023 · 2.25
Debt / equity
0.93▲
2023 · 0.90
ROE
19.8%▼
2023 · 34.5%
ROA
10.2%▼
2023 · 18.1%
Interest coverage
33.05▼
2023 · 43.56
Debt
€757k▲
2023 · €630k
Debt ≤ 1 year
€505k▲
2023 · €351k
Debt > 1 year
€245k▼
2023 · €277k
Income taxes
€54k▼
2023 · €81k
Staff costs
€228k▼
2023 · €231k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.34M€1.57M▲
Fixed assets21/28€545k€551k▲
Tangible fixed assets22/27€535k€542k▲
Land and buildings22€183k€174k▼
Plant, machinery and equipment23€204k€185k▼
Furniture and vehicles24€148k€183k▲
Financial fixed assets28€10k€10k=
Current assets29/58€795k€1.02M▲
Amounts receivable after more than one year29€69k€55k▼
Other amounts receivable291€69k€55k▼
Stocks and contracts in progress3€6k€7k▲
Stocks30/36€6k€7k▲
Amounts receivable within one year40/41€570k€478k▼
Trade receivables40€557k€396k▼
Other amounts receivable41€13k€81k▲
Cash at bank and in hand54/58€124k€464k▲
Deferred charges and accrued income490/1€26k€19k▼
Equity and liabilities
Total equity and liabilities10/49€1.34M€1.57M▲
Equity10/15€704k€814k▲
Contributions10/11€76k€76k=
Reserves13€176k€169k▼
Tax-exempt reserves132€165k€158k▼
Distributable reserves133€11k€11k=
Profit (loss) carried forward14€452k€570k▲
Investment grants15€816-
Provisions and deferred taxes16€6k€3k▼
Deferred taxes168€6k€3k▼
Amounts payable17/49€630k€757k▲
Amounts payable after more than one year17€277k€245k▼
Financial debts170/4€277k€245k▼
Amounts payable within one year42/48€351k€505k▲
Current portion of amounts payable after more than one year42€115k€119k▲
Trade debts44€225k€336k▲
Suppliers440/4€225k€336k▲
Taxes, remuneration and social security45€11k€368▼
Taxes450/3€9k€368▼
Remuneration and social security454/9€2k-
Other amounts payable47/48-€50k
Accrued charges and deferred income492/3€2k€6k▲
Income statement
Code20232024
Remuneration, social security and pensions62€231k€228k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€135k€125k▼
Other operating charges640/8€7k€12k▲
Gross operating margin9900€696k€579k▼
Operating profit (loss)9901€322k€213k▼
Financial income75/76B€11k€10k▼
Recurring financial income75€11k€10k▼
Financial charges65/66B€10k€10k▼
Recurring financial charges65€10k€10k▼
Profit (loss) for the period before taxes9903€322k€213k▼
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€81k€54k▼
Profit (loss) for the period9904€243k€161k▼
Transfer from tax-exempt reserves789€7k€7k=
Transfer to tax-exempt reserves689€147k-
Profit (loss) for the period to be appropriated9905€103k€168k▲
Appropriation of the result
Profit (loss) to be appropriated9906€507k€620k▲
Profit (loss) brought forward from the previous period14P€404k€452k▲
Profit to be distributed694/7€55k€50k▼
Return on contributions (dividend)694€55k€50k▼
Social balance
Average headcount (FTE)90875.05.0=
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 1 day late
2023
31-12
Financial
Highest result since 2018net €243k ▲307%
Operating result €322k, net result €243k, both a record.
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €60k ▼15.5%
Net result drops to €60k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500kEq €518k ▲3.8%
5 profitable years in a row build equity to €518k.
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
01-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 123 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Verlaine · 1 establishment unit since 1979
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.
Rue de Rogerée(BOD) 254537 VerlaineGround area
918 m²
Building footprint
40 m²
Volume, LiDAR
242 m³
Parcel 61032A0030/00F000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Rogerée(BOD) 25, 4537 Verlaine
since 19792.015.986.434
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61032A0030/00F000 | Wallonia | 918 m² | 1 · 40 m² | 8.0 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.
Recognitions · licences · registrations
Recognised contractor
23 categoriesVAULET SRL#9619
VAULET SRL27426
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Of 2,316 companies in sector 42110 we hold annual accounts for 1,088. 723 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1979
Fiscal year end31-12
Activities, NACEBEL
42110Construction of roads and motorways
42911Civil engineering
45230
42130Civil engineering
42220Construction of utility projects for electricity and telecommunications
43990Other specialised construction activities
43999Specialised construction activities
45214
45215
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 46 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.
Contact details
1 entryPhone:04 259 56 34