Summary
VAWACO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €42k and a net result of €-11k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 46% of 8048 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
4 d late
2023
56 d early
2022
1 d early
2021
on the day
2020
6 d early
2019
43 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€42k▼ 20.2%
2024 · €53k
2019: €-110k
2021: €-9k
2022: €25k
2023: €52k
2024: €53k
2019 → 2025
Net result
€-11k
2024 · €803
2019: €16k
2021: €5k
2022: €34k
2023: €28k
2024: €803
2019 → 2025
Total assets
€90k▲ 21.6%
2024 · €74k
2019: €2k
2021: €29k
2022: €42k
2023: €70k
2024: €74k
2019 → 2025
Solvency
47.2%▼ 24.7pp
2024 · 71.9%
2019: -4589.3%
2021: -32.6%
2022: 58.5%
2023: 74.5%
2024: 71.9%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-9k-€25k€52k▲ 112%€53k▲ 1.5%€42k▼ 20.2%
Operating result€5k-€35k▲ 543%€30k▼ 12.0%€2k▼ 94.6%€-11k
Net result€5k-€34k▲ 539%€28k▼ 19.0%€803▼ 97.1%€-11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €2k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €90k
Equity
€42k ▼ 20.2%
Debt
€47k ▲ 128%
Debt's share of the balance-sheet total rises from 28.1% to 52.8%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-25.2%▼
2024 · 1.5%
ROA
-11.9%▼
2024 · 1.1%
Debt ≤ 1 year
€47k▲
2024 · €21k
Income taxes
€0▼
2024 · €770
Staff costs
€46k▲
2024 · €8k
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 · 2025 against 2024 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€74k€90k▲
Current assets29/58€74k€90k▲
Amounts receivable within one year40/41€17k€37k▲
Trade receivables40€17k€37k▲
Other amounts receivable41€336€336=
Cash at bank and in hand54/58€57k€52k▼
Equity and liabilities
Total equity and liabilities10/49€74k€90k▲
Equity10/15€53k€42k▼
Contributions10/11€19k€19k=
Reserves13€34k€34k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€34k€34k=
Profit (loss) carried forward14-€-11k
Amounts payable17/49€21k€47k▲
Amounts payable within one year42/48€21k€47k▲
Trade debts44€3k€7k▲
Suppliers440/4€3k€7k▲
Taxes, remuneration and social security45€4k€11k▲
Taxes450/3€4k€4k▼
Remuneration and social security454/9-€7k
Other amounts payable47/48€13k€29k▲
Income statement
Code20242025
Remuneration, social security and pensions62€8k€46k▲
Other operating charges640/8€115€126▲
Gross operating margin9900€10k€36k▲
Operating profit (loss)9901€2k€-11k▼
Financial charges65/66B€60€54▼
Recurring financial charges65€60€54▼
Profit (loss) for the period before taxes9903€2k€-11k▼
Income taxes67/77€770€0▼
Profit (loss) for the period9904€803€-11k▼
Profit (loss) for the period to be appropriated9905€803€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€803€-11k▼
Transfer to equity691/2€803€0▼
To other reserves6921€803€0▼
The notes to these accounts (11 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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €34k ▲539%
Operating result €35k, net result €34k, both a record.
30-06
Financial
Liquidity triplescurrent ratio 2.41
Current ratio from 0.75 to 2.41; short-term debt falls from €38k to €17k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
18-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Pittem · 1 establishment unit since 2002
Ground area
6,402 m²
Building footprint
275 m²
Volume, LiDAR
1,287 m³
Parcel 37003B1056/00B000, Flanders · tallest building 8.8 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Grootveldstraat 17, 8740 Pittem
since 20022.088.946.072
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37003B1056/00B000 | Flanders | 6,402 m² | 1 · 275 m² | 8.8 m · 1 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.
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 9,895 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 formPrivate limited company
Founded15-09-1998
Fiscal year end30-06
Activities, NACEBEL 2025
49410Freight transport by road
64210Activities of holding companies
70200Business and other management consultancy
73300Public relations and communication consultancy
82100Office administrative and support services
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.