VITAS
ActiveFor the legal form of VITAS, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €13.34M and a net result of €-2.54M. Equity is shrinking by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 23% of 529 sector peers (fiscal year 2025). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
42
/ 100
Weak▲ +4 vs 2024
The score weighs solvency, liquidity and profitability. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▲+9
Solvency39=
Growth61▼-2
Track record100
Credit verdict
Credit up to €550k at 30 days only on tighter terms
Liquidity short (current ratio 0.95 against 1.12 in 2024; short-term debt: 12% and cash: 1.6% of total assets), and 85.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18192122232425
2018 to 2025 · latest year €-2.54M
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 529 sector peers (2025).
NBB · sector comparisonPosition among 529 sector peers
Solvency
better than 23%
← weakest
strongest →
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
42 d early
2023
33 d early
2022
33 d early
2021
30 d early
2020
29 d early
2019
17 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€37.05M▲ 4.4%
2024 · €35.48M
2018: €15.04M
2019: €20.55M
2021: €23.44M
2022: €31.84M
2023: €33.99M
2024: €35.48M
2018 → 2025
EBIT margin
-4.8%▲ 2.9pp
2024 · -7.7%
2018: -0.3%
2019: -4.3%
2021: -5.0%
2022: -7.8%
2023: -8.1%
2024: -7.7%
2018 → 2025
Net result
€-2.54M▲ 29.3%
2024 · €-3.59M
2018: €-31k
2019: €-741k
2021: €-1.64M
2022: €-2.98M
2023: €-3.46M
2024: €-3.59M
2018 → 2025
Working capital
€-503k
2024 · €1.49M
2018: €7.68M
2019: €3.03M
2021: €5.88M
2022: €4.38M
2023: €3.70M
2024: €1.49M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€23.44M-€31.84M▲ 35.8%€33.99M▲ 6.7%€35.48M▲ 4.4%€37.05M▲ 4.4%
Equity€15.17M-€14.85M▼ 2.2%€14.23M▼ 4.2%€13.63M▼ 4.2%€13.34M▼ 2.1%
Operating result€-1.18M-€-2.49M▼ 111%€-2.75M▼ 10.7%€-2.75M▲ 0.2%€-1.79M▲ 34.7%
Net result€-1.64M-€-2.98M▼ 82.1%€-3.46M▼ 16.0%€-3.59M▼ 3.8%€-2.54M▲ 29.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.79M in 2025 against €2.75M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92.79M
Fixed assets
€82.16M▼ 0.7%
Current assets
€10.62M▼ 26.5%
Equity and liabilities €92.79M
Equity
€13.34M▼ 2.1%
Provisions
€166k▲ 5.7%
Debt
€79.28M▼ 5.0%
The debt ratio falls from 85.8% to 85.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2.78M▲
2024 · €1.55M
Cash flow
€2.03M▲
2024 · €709k
Solvency
14.4%▲
2024 · 14.0%
Current ratio
0.95▼
2024 · 1.12
Quick ratio
0.95▼
2024 · 1.11
Debt / equity
5.94▼
2024 · 6.12
ROE
-19.0%▲
2024 · -26.4%
ROA
-2.7%▲
2024 · -3.7%
Interest coverage
1.69▲
2024 · 0.92
Debt
€79.28M▼
2024 · €83.44M
Debt ≤ 1 year
€11.13M▼
2024 · €12.96M
Debt > 1 year
€67.23M▼
2024 · €69.75M
Staff costs
€27.46M▲
2024 · €27.19M
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€97.22M€92.79M▼
Fixed assets21/28€82.77M€82.16M▼
Tangible fixed assets22/27€82.76M€82.15M▼
Land and buildings22€48.25M€49.20M▲
Plant, machinery and equipment23€23.69M€23.25M▼
Furniture and vehicles24-€0
Assets under construction and advance payments27€10.82M€9.70M▼
Financial fixed assets28€10k€10k▼
Other financial fixed assets284/8€10k€10k▼
Amounts receivable and cash guarantees285/8€10k€10k▼
Current assets29/58€14.45M€10.62M▼
Amounts receivable after more than one year29€4.28M€3.27M▼
Other amounts receivable291€4.28M€3.27M▼
Stocks and contracts in progress3€6k€6k=
Stocks30/36€6k€6k=
Goods purchased for resale34€6k€6k=
Amounts receivable within one year40/41€8.48M€5.50M▼
Trade receivables40€2.88M€2.97M▲
Other amounts receivable41€5.60M€2.53M▼
Cash at bank and in hand54/58€1.38M€1.52M▲
Deferred charges and accrued income490/1€302k€321k▲
Equity and liabilities
Total equity and liabilities10/49€97.22M€92.79M▼
Equity10/15€13.63M€13.34M▼
Contributions10/11€2.26M€2.48M▲
Revaluation surpluses12€264k€264k=
Reserves13€49k€49k=
Distributable reserves133€49k€49k=
Investment grants15€11.05M€10.55M▼
Provisions and deferred taxes16€157k€166k▲
Provisions for liabilities and charges160/5€157k€166k▲
Major repairs and maintenance162€157k€166k▲
Amounts payable17/49€83.44M€79.28M▼
Amounts payable after more than one year17€69.75M€67.23M▼
Financial debts170/4€69.75M€67.23M▼
Credit institutions173€69.75M€67.23M▼
Other amounts payable178/9€950-
Amounts payable within one year42/48€12.96M€11.13M▼
Current portion of amounts payable after more than one year42€4.94M€5.11M▲
Financial debts43€1.50M€1.00M▼
Credit institutions430/8€1.50M€1.00M▼
Trade debts44€1.58M€1.36M▼
Suppliers440/4€1.58M€1.36M▼
Taxes, remuneration and social security45€4.94M€3.67M▼
Taxes450/3€600k€583k▼
Remuneration and social security454/9€4.34M€3.08M▼
Accrued charges and deferred income492/3€726k€922k▲
Income statement
Code20242025
Operating income70/76A€37.40M€37.99M▲
Turnover70€35.48M€37.05M▲
Other operating income74€1.00M€934k▼
Non-recurring operating income76A€921k€856▼
Operating charges60/66A€40.14M€39.78M▼
Services and other goods61€8.64M€7.73M▼
Remuneration, social security and pensions62€27.19M€27.46M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4.30M€4.57M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k
Provisions for liabilities and charges: additions (uses and reversals)635/8€10k€9k▼
Other operating charges640/8€4k€2k▼
Operating profit (loss)9901€-2.75M€-1.79M▲
Financial income75/76B€860k€897k▲
Recurring financial income75€860k€897k▲
Other financial income752/9€860k€897k▲
Financial charges65/66B€1.71M€1.64M▼
Recurring financial charges65€1.69M€1.64M▼
Debt charges650€1.69M€1.64M▼
Non-recurring financial charges66B€18k-
Profit (loss) for the period before taxes9903€-3.59M€-2.54M▲
Profit (loss) for the period9904€-3.59M€-2.54M▲
Profit (loss) for the period to be appropriated9905€-3.59M€-2.54M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3.59M€-2.54M▲
Shareholders' contribution to the loss794€3.59M€2.54M▼
Social balance
Average headcount (FTE)9087428.1423.6▼
The notes to these accounts (58 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-3.59M
Net result drops to €-3.59M, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-06
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.
22-05-2025
Resigned as Director
Location & real-estate footprint
Registered office, Peer · 11 establishment units since 1968
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.
J.H. Leynenstraat 283990 PeerGround area
6.7 ha
Building footprint
1.2 ha
Volume, LiDAR
65,838 m³
8 parcels, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
11 establishment units
WZC Corsala CDV Corsala
since 19682.162.315.684
WZC Het Perrehof
since 20002.161.188.407
Dagverzorgingscentrum 'De Kiosk'
since 20012.233.631.965
WZC Kloosterhof CDV De Graankorrel
since 20082.217.271.629
W.Z.C. Reigersvliet
since 20122.216.241.647
WZC Den Boogerd
since 20122.217.271.827
Show 5 more locations
VitaS Catering
since 20152.239.866.887
CDV De Bolster
since 20202.314.828.784
CDV De Hortus
since 20202.314.828.982
VitaS
since 20212.322.570.671
Centrum voor RTH-Vitas
since 20242.363.969.281
8 parcels
Flanders
8
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71029B2207/00A000 | Flanders | 2.1 ha | 1 · 1,950 m² | 9.3 m · 2 fl. |
| 72030A0580/00R000 | Flanders | 1.9 ha | 1 · 1,509 m² | - |
| 71034B0002/00T034 | Flanders | 1.1 ha | 1 · 2,137 m² | 10.8 m · 2 fl. |
| 72006C0185/00C000 | Flanders | 8,280 m² | 1 · 3,134 m² | 9.6 m · 2 fl. |
| 72022B0690/00E004 | Flanders | 4,732 m² | 1 · 2,155 m² | 8.2 m · 2 fl. |
| 72030A0567/00G003 | Flanders | 1,716 m² | 1 · 779 m² | 8.3 m · 2 fl. |
| 72006C0184/00C000 | Flanders | 1,261 m² | 1 · 331 m² | - |
| 72030A0556/00L000 | Flanders | 75 m² | 1 · 75 m² | 5.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 7
8 of 8 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| BV Foederer DFK Bedrijfsrevisoren Statutory auditor · represented by Tom Quittelier | - → 03-02-2025 |
Public money · subsidies and aid
Flemish government
2022 to 2025 · 45 entries · 23,185,935 EUR awarded · 23,077,145 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 11 | 17,851,154 EUR | 17,881,193 EUR |
| 2024 | 12 | 1,621,327 EUR | 1,613,449 EUR |
| 2023 | 11 | 1,904,870 EUR | 1,797,853 EUR |
| 2022 | 11 | 1,808,584 EUR | 1,784,650 EUR |
Schemes
Erkenning en financiering/subsidiëring van woonzorgcentra
Erkenning en financiering/subsidiëring centra voor dagverzorging
Regularisatiepremies contingentgesco's lokale besturen
Subsidie voor alternatieve financiering ouderenzorg
Persoonsvolgend budget voor personen met een handicap (PVB)
Show 14 more
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie aan instellingen in het beleidsdomein Welzijn, Volksgezondheid en Gezin voor de tussenkomst in de energiekost in 2023
Energetische investeringen in zorginfrastructuur
Subsidie voor klassieke financiering woonzorg (LDC+DVC)
Relance budget 45 - Inzetten op kwaliteit en 'good governance' van WZC & vooruitschuif nieuw beleid
Erkenning en subsidiëring van de centra voor kortverblijf voor ouderen
Individueel Maatwerk
Procedure groene warmte, restwarmte en energie-efficiënte stadsverwarming
Premie kwalificerend werkplekleren
Call groene stroom (stopgezet)
Stagebonus (stopgezet)
Subsidie ter compensatie van het oversijpelingseffect van het VIA6-akkoord
Subsidie voor klimaat
Subsidie voor een wolfwerende omheining
Recognitions · licences · registrations
Food safety, FASFC
7 sitesPeer2.161.188.407
Beringen2.162.315.684
Hechtel-Eksel2.217.271.827
Leopoldsburg2.216.241.647
Show 3 more sites
Leopoldsburg2.233.631.965
Oudsbergen2.217.271.629
Peer2.239.866.887
Care and welfare
24 services · 23 liveVitaS
't Heppens Hof
Corsala
Corsala
Show 20 more services
Corsala
De Bloesem
De Bolster
De Graankorrel
De Hortus
De Kiosk
De Perre
De Zwaen
Den Boogerd
Den Boogerd
Eyckerheide
Het Perrehof
Het Perrehof
Kloosterhof
Kloosterhof
Reigersvliet
Reigersvliet
Residentie Chazal
Ter Linden
GAW Den Boogerd
Dual-learning approval
11 live approvals · 7 endedBasiszorg en ondersteuning duaal (so)
Basiszorg en ondersteuning duaal (so)
Basiszorg en ondersteuning duaal (so)
Verzorgende/Zorgkundige duaal (so)
Verzorgende/Zorgkundige duaal (so)
Verzorgende/Zorgkundige duaal (so)
Show 5 more
Verzorgende/Zorgkundige duaal (so)
Verzorgende/Zorgkundige duaal (so)
Verzorgende/Zorgkundige duaal (so)
Verzorgende/Zorgkundige duaal (so)
Verzorgende/Zorgkundige duaal (so)
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Of 322 companies in sector 87101 we hold annual accounts for 235. 150 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formOpdrachthoudende vereniging (Vlaams Gewest)
Founded19-01-1990
Fiscal year end31-12
Activities, NACEBEL
87101Residential care activities
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
10 entriesWebsite:www.vitas.be
E-mail:info@vitas.be
Phone:011 49 26 00
E-mail:denboogerd@vitas.be
Phone:011/49 26 40
E-mail:debolster@vitas.be
Phone:011/49 26 56
E-mail:dehortus@vitas.be
Phone:011/49 26 16
E-mail:chris.demulder@vitas.be