VAWI
ActiveVAWI has been active since 1949 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.35M and a net result of €469k. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 46% of 4775 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
76
/ 100
Excellent▼ -12 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability23▼-12
Solvency75▼-8
Growth77▼-1
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.78 in 2024), and 58% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42%
Return on assets
2.4%
Age of the figures
11 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
5 d late
2023
on the day
2022
8 d late
2021
1 d early
2020
8 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
08-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€73.40M▲ 8.9%
2024 · €67.43M
2018: €31.86M
2019: €35.13M
2020: €35.25M
2021: €35.77M
2022: €50.16M
2023: €62.34M
2024: €67.43M
2018 → 2025
EBIT margin
1.1%▼ 0.7pp
2024 · 1.8%
2018: 1.0%
2019: 2.7%
2020: 1.7%
2021: 1.9%
2022: 1.5%
2023: 3.5%
2024: 1.8%
2018 → 2025
Net result
€469k▼ 49.0%
2024 · €919k
2018: €103k
2019: €592k
2020: €360k
2021: €437k
2022: €510k
2023: €1.46M
2024: €919k
2018 → 2025
Working capital
€3.90M▼ 32.8%
2024 · €5.80M
2018: €3.65M
2019: €3.87M
2020: €4.02M
2021: €4.69M
2022: €4.64M
2023: €4.97M
2024: €5.80M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€35.77M-€50.16M▲ 40.2%€62.34M▲ 24.3%€67.43M▲ 8.2%€73.40M▲ 8.9%
Equity€4.99M-€5.50M▲ 10.2%€6.96M▲ 26.5%€7.88M▲ 13.2%€8.35M▲ 6.0%
Operating result€686k-€760k▲ 10.8%€2.21M▲ 190%€1.18M▼ 46.3%€807k▼ 31.9%
Net result€437k-€510k▲ 16.8%€1.46M▲ 186%€919k▼ 37.0%€469k▼ 49.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.87M
Fixed assets
€7.69M▲ 62.1%
Current assets
€12.19M▼ 8.2%
Equity and liabilities €19.87M
Equity
€8.35M▲ 6.0%
Debt
€11.52M▲ 13.7%
The debt ratio rises from 56.3% to 58.0%: debt grows faster than equity.
Key figures and ratios
EBITDA
€2.13M▼
2024 · €2.18M
Cash flow
€1.79M▼
2024 · €1.92M
Solvency
42.0%▼
2024 · 43.7%
Current ratio
1.47▼
2024 · 1.78
Quick ratio
1.32▼
2024 · 1.64
Debt / equity
1.38▲
2024 · 1.29
ROE
5.6%▼
2024 · 11.7%
ROA
2.4%▼
2024 · 5.1%
Interest coverage
15.05▼
2024 · 16.49
Debt
€11.52M▲
2024 · €10.14M
Debt ≤ 1 year
€8.29M▲
2024 · €7.48M
Debt > 1 year
€3.21M▲
2024 · €2.62M
Income taxes
€264k▲
2024 · €216k
Staff costs
€10.69M▲
2024 · €9.40M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€18.02M€19.87M▲
Fixed assets21/28€4.74M€7.69M▲
Intangible fixed assets21€9k€8k▼
Tangible fixed assets22/27€4.64M€7.59M▲
Land and buildings22€1.37M€4.24M▲
Plant, machinery and equipment23€1.13M€1.29M▲
Furniture and vehicles24€84k€88k▲
Leasing and similar rights25€2.06M€1.97M▼
Financial fixed assets28€90k€90k=
Other financial fixed assets284/8€90k€90k=
Shares284€87k€87k=
Amounts receivable and cash guarantees285/8€3k€3k▲
Current assets29/58€13.28M€12.19M▼
Stocks and contracts in progress3€1.01M€1.27M▲
Stocks30/36€1.01M€1.27M▲
Goods purchased for resale34€1.01M€1.27M▲
Amounts receivable within one year40/41€12.18M€10.85M▼
Trade receivables40€8.37M€9.32M▲
Other amounts receivable41€3.81M€1.54M▼
Cash at bank and in hand54/58€16k€9k▼
Deferred charges and accrued income490/1€76k€58k▼
Equity and liabilities
Total equity and liabilities10/49€18.02M€19.87M▲
Equity10/15€7.88M€8.35M▲
Contributions10/11€254k€254k=
Capital10€254k€254k=
Issued capital100€254k€254k=
Revaluation surpluses12€46k€46k=
Reserves13€7.58M€8.05M▲
Non-distributable reserves130/1€27k€27k=
Legal reserve130€25k€25k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€7.55M€8.02M▲
Amounts payable17/49€10.14M€11.52M▲
Amounts payable after more than one year17€2.62M€3.21M▲
Financial debts170/4€2.62M€3.21M▲
Leasing and similar obligations172€1.55M€1.48M▼
Credit institutions173€1.07M€1.73M▲
Amounts payable within one year42/48€7.48M€8.29M▲
Current portion of amounts payable after more than one year42€985k€1.11M▲
Trade debts44€5.09M€5.66M▲
Suppliers440/4€5.09M€5.66M▲
Taxes, remuneration and social security45€1.40M€1.51M▲
Taxes450/3€102k€46k▼
Remuneration and social security454/9€1.30M€1.47M▲
Accrued charges and deferred income492/3€45k€30k▼
Income statement
Code20242025
Operating income70/76A€68.07M€74.09M▲
Turnover70€67.43M€73.40M▲
Other operating income74€642k€684k▲
Operating charges60/66A€66.89M€73.28M▲
Goods for resale, raw materials and consumables60€48.20M€51.99M▲
Purchases600/8€48.31M€52.25M▲
Change in stocks: decrease (increase)609€-111k€-259k▼
Services and other goods61€8.07M€8.97M▲
Remuneration, social security and pensions62€9.40M€10.69M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€996k€1.32M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€21k€151k▲
Other operating charges640/8€194k€155k▼
Operating profit (loss)9901€1.18M€807k▼
Financial income75/76B€86k€73k▼
Recurring financial income75€86k€73k▼
Income from current assets751€57k€38k▼
Other financial income752/9€29k€35k▲
Financial charges65/66B€136k€147k▲
Recurring financial charges65€136k€147k▲
Debt charges650€132k€141k▲
Other financial charges652/9€3k€5k▲
Profit (loss) for the period before taxes9903€1.14M€733k▼
Income taxes67/77€216k€264k▲
Taxes670/3€662k€407k▼
Tax adjustments and reversals of tax provisions77€445k€142k▼
Profit (loss) for the period9904€919k€469k▼
Profit (loss) for the period to be appropriated9905€919k€469k▼
Appropriation of the result
Profit (loss) to be appropriated9906€919k€469k▼
Transfer to equity691/2€919k€469k▼
To other reserves6921€919k€469k▼
Social balance
Average headcount (FTE)9087133.2154.0▲
The notes to these accounts (85 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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 5 days late
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Highest result since 2018net €1.46M ▲186%
Operating result €2.21M, net result €1.46M, both a record.
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 8 days late
2022
30-09
Financial
Equity above €5MEq €5.50M ▲10.2%
5 profitable years in a row build equity to €5.50M.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2024
Achiel De Witte
CurrentManaging director · since 09-01-2024
Jurgen De Witte
CurrentChair · since 09-01-2024
09-01-2024
Achiel De Witte: Appointed as Managing director
09-01-2024
Jurgen De Witte: Appointed as Chair
09-01-2024
Jurgen De Witte: Appointed as Managing director
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1949
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.
Kielsbroek 292020 AntwerpenGround area
7,659 m²
Building footprint
3,960 m²
Volume, LiDAR
33,677 m³
Parcel 11809I2652/00E002, Flanders · tallest building 15.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Kielsbroek 29, 2020 Antwerpen
since 19492.003.420.083
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2652/00E002 | Flanders | 7,659 m² | 1 · 3,960 m² | 15.2 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.
Similar companies · same sector, comparable size
BLEESER FRESH & FROZEN
BE 0477.445.381
Kortenaken · Eq €8.30M
FRUITHANDEL Romain WOUTERS en Co
BE 0449.152.164
Geetbets · Eq €8.45M
DE KIMPE-COOL
BE 0452.386.125
Dendermonde · Eq €8.53M
CALSA
BE 0405.817.910
Ardooie · Eq €8.67M
WARNEZ
BE 0447.230.772
Tielt · Eq €8.02M
Of 952 companies in sector 46319 we hold annual accounts for 605. 209 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-02-1949
Fiscal year end30-09
Activities, NACEBEL
46319Wholesale of fruit and vegetables, excluding potatoes
51310
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.