Vinasphalt
ActiveVinasphalt has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €866k and a net result of €333k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 285 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▼-4
Solvency43▲+3
Growth36=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.07 in 2024; short-term debt: 82.2% and cash: 3.5% of total assets), and 82.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eleven 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
17.7%
Return on assets
6.8%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 285 sector peers (2025).
NBB · sector comparisonPosition among 285 sector peers
Solvency
better than 15%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €866k
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 11-05-2026, 81 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
81 d early
2024
85 d early
2023
78 d early
2022
49 d early
2021
80 d early
2020
82 d early
2019
66 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€12.77M▲ 4.9%
2024 · €12.17M
2018: €10.44M
2019: €6.00M
2020: €2.74M
2021: €16.00M
2022: €16.31M
2023: €14.56M
2024: €12.17M
2018 → 2025
EBIT margin
2.5%▼ 0.8pp
2024 · 3.3%
2018: 8.3%
2019: 0.8%
2020: -18.1%
2021: -0.4%
2022: -6.2%
2023: 6.3%
2024: 3.3%
2018 → 2025
Net result
€333k▼ 16.0%
2024 · €396k
2018: €764k
2019: €19k
2020: €-495k
2021: €-71k
2022: €-1.05M
2023: €815k
2024: €396k
2018 → 2025
Working capital
€494k▲ 121%
2024 · €224k
2018: €1.73M
2019: €1.70M
2020: €-1.79M
2021: €-1.73M
2022: €-2.87M
2023: €-150k
2024: €224k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€16.00M-€16.31M▲ 1.9%€14.56M▼ 10.8%€12.17M▼ 16.4%€12.77M▲ 4.9%
Equity€376k-€-678k€137k€534k▲ 288%€866k▲ 62.4%
Operating result€-69k-€-1.01M▼ 1,373%€913k€402k▼ 55.9%€323k▼ 19.7%
Net result€-71k-€-1.05M▼ 1,383%€815k€396k▼ 51.4%€333k▼ 16.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.88M
Fixed assets
€372k▲ 14.4%
Current assets
€4.51M▲ 36.7%
Equity and liabilities €4.88M
Equity
€866k▲ 62.4%
Debt
€4.02M▲ 29.9%
The debt ratio falls from 85.3% to 82.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€444k▼
2024 · €469k
Cash flow
€454k▼
2024 · €463k
Solvency
17.7%▲
2024 · 14.7%
Current ratio
1.12▲
2024 · 1.07
Quick ratio
1.02▲
2024 · 0.87
Debt / equity
4.64▼
2024 · 5.79
ROE
38.4%▼
2024 · 74.3%
ROA
6.8%▼
2024 · 10.9%
Interest coverage
267.73▲
2024 · 37.31
Debt
€4.02M▲
2024 · €3.09M
Debt ≤ 1 year
€4.02M▲
2024 · €3.08M
Income taxes
€3k▲
2024 · €-219
Staff costs
€520k▲
2024 · €468k
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€3.62M€4.88M▲
Fixed assets21/28€325k€372k▲
Intangible fixed assets21€6k€4k▼
Tangible fixed assets22/27€319k€367k▲
Plant, machinery and equipment23€269k€360k▲
Assets under construction and advance payments27€51k€7k▼
Financial fixed assets28€363€363=
Other financial fixed assets284/8€363€363=
Amounts receivable and cash guarantees285/8€363€363=
Current assets29/58€3.30M€4.51M▲
Stocks and contracts in progress3€616k€409k▼
Stocks30/36€616k€409k▼
Raw materials and consumables30/31€616k€409k▼
Amounts receivable within one year40/41€2.15M€1.62M▼
Trade receivables40€1.95M€1.26M▼
Other amounts receivable41€202k€357k▲
Current investments50/53€400k€2.30M▲
Other investments51/53€400k€2.30M▲
Cash at bank and in hand54/58€126k€172k▲
Deferred charges and accrued income490/1€9k€11k▲
Equity and liabilities
Total equity and liabilities10/49€3.62M€4.88M▲
Equity10/15€534k€866k▲
Contributions10/11€406k€406k=
Capital10€406k€406k=
Issued capital100€406k€406k=
Reserves13€41k€41k=
Non-distributable reserves130/1€41k€41k=
Legal reserve130€41k€41k=
Profit (loss) carried forward14€88k€420k▲
Amounts payable17/49€3.09M€4.02M▲
Amounts payable within one year42/48€3.08M€4.02M▲
Trade debts44€3.03M€3.94M▲
Suppliers440/4€3.03M€3.94M▲
Taxes, remuneration and social security45€46k€74k▲
Taxes450/3-€0
Remuneration and social security454/9€46k€74k▲
Accrued charges and deferred income492/3€15k€300▼
Income statement
Code20242025
Operating income70/76A€12.27M€12.86M▲
Turnover70€12.17M€12.77M▲
Other operating income74€93k€93k▲
Operating charges60/66A€11.86M€12.54M▲
Goods for resale, raw materials and consumables60€7.46M€7.66M▲
Purchases600/8€7.49M€7.46M▼
Change in stocks: decrease (increase)609€-26k€207k▲
Services and other goods61€3.59M€3.97M▲
Remuneration, social security and pensions62€468k€520k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€121k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€23k▲
Other operating charges640/8€270k€243k▼
Operating profit (loss)9901€402k€323k▼
Financial income75/76B€7k€14k▲
Recurring financial income75€7k€14k▲
Income from current assets751€5k€9k▲
Other financial income752/9€1k€5k▲
Financial charges65/66B€13k€2k▼
Recurring financial charges65€13k€2k▼
Debt charges650€13k-
Other financial charges652/9€231€2k▲
Profit (loss) for the period before taxes9903€396k€336k▼
Income taxes67/77€-219€3k▲
Taxes670/3-€3k
Tax adjustments and reversals of tax provisions77€219-
Profit (loss) for the period9904€396k€333k▼
Profit (loss) for the period to be appropriated9905€396k€333k▼
Appropriation of the result
Profit (loss) to be appropriated9906€88k€420k▲
Profit (loss) brought forward from the previous period14P€-309k€88k▲
Social balance
Average headcount (FTE)90875.85.8=
The notes to these accounts (40 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
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €500kEq €534k ▲288%
2 profitable years in a row build equity to €534k.
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €815k
Net result €815k after 3 loss-making years.
31-12
Financial
Equity above €100kEq €137k
Equity rises from €-678k to €137k.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-1.05M
Net result drops to €-1.05M, the lowest in the series; recovery starts the following year.
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-05
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
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
20-10-2025
DESIRE STADSBADER: Resigned as Director
20-10-2025
DESIRE STADSBADER: Resigned as Managing director
30-06-2023
M: Resigned as Director
30-06-2023
M BV: Resigned as Director
30-06-2023
NV VERMEC: Resigned as Director
30-06-2023
VERMEC: Resigned as Director
24-01-2023
Steven Gysen: Resigned as Director
03-05-2022
Marcel Ridder von Devivere: Resigned as Director
18-01-2021
Marcel Ridder von Devivere: Resigned as Director
18-01-2021
BUILDWAYS: Resigned as Director
18-01-2021
DE-CONSULT: Resigned as Director
18-01-2021
Lo-Consult: Resigned as Director
26-04-2019
Marcel Ridder von Devivere: Resigned as Director
27-04-2018
Jan Folens: Resigned as Director
17-08-2015
Leon Luyten: Resigned as Director
26-04-2013
Leon Luyten: Resigned as Director
26-04-2013
Buildways bvba: Resigned as Director
16-01-2013
Build-Ex bvba: Resigned as Director
01-01-2012
PEETERS Marc: Resigned as Director
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 1987
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.
Antoon van Osslaan 11120 BrusselGround area
1.3 ha
Building footprint
182 m²
Volume, LiDAR
524 m³
2 parcels, Brussels, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Vinasphalt
since 19872.031.080.822
Vinasphalt Productiesite Vinalmont
since 20202.313.840.671
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819A0099/00M012 | Brussels | 1.2 ha | 1 · 94 m² | 0.9 m |
| 61070B0063/00R000 | Wallonia | 1,197 m² | 1 · 88 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
3 auditors| Ernst & Young, Joe Statutory auditor · represented by Patrick Rottiers | - → 20-06-2012 |
Show 2 earlier auditors
| Ernst et Young Reviseurs d'Entreprises Statutory auditor · represented by Daniel Wuyts | - → 06-10-2025 |
| PricewaterhouseCoopers Bedrijfsrevisoren BCVBA Statutory auditor · represented by Peter Van den Eynde BVBA | - → 09-08-2016 |
Recognitions · licences · registrations
Legal Entity Identifier
8945000CMFD6DQL75E46
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Of 62 companies in sector 23990 we hold annual accounts for 51. 34 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-10-1987
Fiscal year end31-12
Activities, NACEBEL
23990Manufacture of other non-metallic mineral products
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.