VLASAARD
ActiveVLASAARD has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.15M and a net result of €80k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 82% of 672 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▲+1
Solvency93▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.18 in 2023; short-term debt: 22.8% and cash: 22.1% of total assets), and 31.6% 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
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
68.4%
Return on assets
1.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
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 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
36 d early
2022
21 d early
2021
23 d early
2020
33 d early
2019
15 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€3.15M▲ 2.6%
2023 · €3.07M
2018: €2.62M
2019: €2.65M
2020: €2.71M
2021: €2.87M
2022: €3.01M
2023: €3.07M
2018 → 2024
Total assets
€4.60M▲ 0.2%
2023 · €4.59M
2018: €3.67M
2019: €3.16M
2020: €3.22M
2021: €3.48M
2022: €4.58M
2023: €4.59M
2018 → 2024
Net result
€80k▲ 49.1%
2023 · €54k
2018: €168k
2019: €27k
2020: €61k
2021: €163k
2022: €141k
2023: €54k
2018 → 2024
Working capital
€105k▼ 46.6%
2023 · €197k
2018: €12k
2019: €110k
2020: €207k
2021: €278k
2022: €253k
2023: €197k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2.71M-€2.87M▲ 6.0%€3.01M▲ 4.9%€3.07M▲ 1.8%€3.15M▲ 2.6%
Operating result€67k-€187k▲ 180%€176k▼ 5.6%€94k▼ 46.6%€142k▲ 51.2%
Net result€61k-€163k▲ 167%€141k▼ 13.3%€54k▼ 61.9%€80k▲ 49.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 51% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.60M
Fixed assets
€3.44M▲ 3.9%
Current assets
€1.16M▼ 9.5%
Equity and liabilities €4.60M
Equity
€3.15M▲ 2.6%
Debt
€1.45M▼ 4.8%
The debt ratio falls from 33.2% to 31.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€408k▲
2023 · €335k
Cash flow
€345k▲
2023 · €294k
Solvency
68.4%▲
2023 · 66.8%
Current ratio
1.10▼
2023 · 1.18
Quick ratio
1.10▼
2023 · 1.18
Debt / equity
0.46▼
2023 · 0.50
ROE
2.5%▲
2023 · 1.8%
ROA
1.7%▲
2023 · 1.2%
Interest coverage
9.25▼
2023 · 9.93
Debt
€1.45M▼
2023 · €1.52M
Debt ≤ 1 year
€1.05M▼
2023 · €1.08M
Debt > 1 year
€363k▼
2023 · €411k
Income taxes
€27k▲
2023 · €9k
Staff costs
€278k▲
2023 · €259k
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€4.59M€4.60M▲
Fixed assets21/28€3.32M€3.44M▲
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€3.31M€3.44M▲
Land and buildings22€2.38M€2.41M▲
Plant, machinery and equipment23€638k€753k▲
Furniture and vehicles24€298k€279k▼
Financial fixed assets28€1k€0▼
Current assets29/58€1.28M€1.16M▼
Stocks and contracts in progress3€5k€2k▼
Stocks30/36€5k€2k▼
Amounts receivable within one year40/41€172k€132k▼
Trade receivables40€93k€90k▼
Other amounts receivable41€79k€42k▼
Cash at bank and in hand54/58€1.08M€1.02M▼
Deferred charges and accrued income490/1€21k€3k▼
Equity and liabilities
Total equity and liabilities10/49€4.59M€4.60M▲
Equity10/15€3.07M€3.15M▲
Contributions10/11€1.80M€1.80M=
Capital10€1.80M€1.80M=
Issued capital100€1.80M€1.80M=
Reserves13€1.27M€1.35M▲
Non-distributable reserves130/1€180k€180k=
Legal reserve130€180k€180k=
Distributable reserves133€1.09M€1.17M▲
Amounts payable17/49€1.52M€1.45M▼
Amounts payable after more than one year17€411k€363k▼
Financial debts170/4€411k€363k▼
Amounts payable within one year42/48€1.08M€1.05M▼
Current portion of amounts payable after more than one year42€48k€49k▲
Trade debts44€514k€64k▼
Suppliers440/4€45k€64k▲
Bills of exchange payable441€469k€0▼
Advances received on contracts in progress46€0€419k▲
Taxes, remuneration and social security45€26k€31k▲
Taxes450/3€2k€1k▼
Remuneration and social security454/9€24k€30k▲
Other amounts payable47/48€491k€487k▼
Accrued charges and deferred income492/3€33k€39k▲
Income statement
Code20232024
Non-recurring operating income76A€20k€1k▼
Remuneration, social security and pensions62€259k€278k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€241k€265k▲
Other operating charges640/8€61k€63k▲
Non-recurring operating charges66A€53k€3k▼
Gross operating margin9900€708k€752k▲
Operating profit (loss)9901€94k€142k▲
Financial income75/76B€3k€9k▲
Recurring financial income75€2k€9k▲
Non-recurring financial income76B€830€0▼
Financial charges65/66B€34k€44k▲
Recurring financial charges65€34k€44k▲
Non-recurring financial charges66B€423€0▼
Profit (loss) for the period before taxes9903€63k€107k▲
Income taxes67/77€9k€27k▲
Profit (loss) for the period9904€54k€80k▲
Profit (loss) for the period to be appropriated9905€54k€80k▲
Appropriation of the result
Profit (loss) to be appropriated9906€54k€80k▲
Transfer to equity691/2€54k€80k▲
To other reserves6921€54k€80k▲
Social balance
Average headcount (FTE)90876.26.0▼
The notes to these accounts (28 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €27k ▼84%
Net result drops to €27k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Stekene · 1 establishment unit 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.
Heirweg(STE) 1439190 StekeneGround area
938 m²
Building footprint
676 m²
Volume, LiDAR
2,641 m³
Parcel 46024B0594/00A003, Flanders · tallest building 5.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Heirweg(STE) 143, 9190 Stekene
since 19872.033.828.001
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46024B0594/00A003 | Flanders | 938 m² | 1 · 676 m² | 5.6 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 480 EUR awarded · 408 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 64 EUR | 64 EUR |
| 2024 | 1 | 281 EUR | 209 EUR |
| 2022 | 1 | 135 EUR | 135 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteStekene2.033.828.001
Similar companies · same sector, comparable size
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GEDEQU
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RECREATIEOORD WILHELM TELL
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Oudsbergen · Eq €3.60M
Of 441 companies in sector 55300 we hold annual accounts for 292. 158 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-01-1987
Fiscal year end31-12
Activities, NACEBEL
55300Accommodation
70204
47813Retail trade
55209Other holiday and short-stay accommodation
56301Cafés and bars
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
70203
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@camping-vlasaard.be
Phone:037798164