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VLASOPH

Active
Private limited companyfounded 20224 yrs activeVlaszakstraat 13, 9250 Waasmunster, BelgiumKBO/BCE: BE 0780.833.964
Summary

The computed 12-month bankruptcy probability of VLASOPH is 3.1% (moderate). The 2025 annual accounts show equity of €78,905 and a net result of €38,739. Equity is growing by ~70.6% per year across the filed fiscal years. Its solvency ranks better than 58% of 4718 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability97▲+7
Solvency71▲+8
Growth78=
Track record94
Bankruptcy probability, 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.0 in 2024; short-term debt: 53.1% and cash: 3.4% of total assets), and 53.7% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
on the day
2024
26 d early
2023
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 9 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 31 October (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 25 January 2022, VLASOPH was incorporated as a Private limited company.1 Total assets went from EUR 121,575 in 2023 to EUR 170,538 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€78,905▲ 96.4%
2024 · €40,166
Total assets
€170,538▲ 62.4%
2024 · €105,041
Net result
€38,739▲ 115%
2024 · €17,987
Working capital
€24,231
2024 · -€217
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€24,161-€24,716▲ 2.3%€52,227▲ 111%
Net result€17,178within the sector's middle half-€17,987within the sector's middle half▲ 4.7%€38,739above the sector's middle half▲ 115%
Equity€22,178within the sector's middle half-€40,166within the sector's middle half▲ 81.1%€78,905within the sector's middle half▲ 96.4%
Total assets€121,575within the sector's middle half-€105,041within the sector's middle half▼ 13.6%€170,538within the sector's middle half▲ 62.4%
Debt€99,396-€64,876▼ 34.7%€91,633▲ 41.2%
Working capital-€21,378below the sector's middle half--€217within the sector's middle half▲ 99.0%€24,231within the sector's middle half
Solvency18.2%within the sector's middle half-38.2%within the sector's middle half▲ 20.0pp46.3%within the sector's middle half▲ 8.0pp
Current ratio0.65below the sector's middle half-1.00within the sector's middle half▲ 0.341.27within the sector's middle half▲ 0.27
Return on assets (ROA)14.1%within the sector's middle half-17.1%above the sector's middle half▲ 3.0pp22.7%above the sector's middle half▲ 5.6pp
Staff (FTE)0.7
above within below the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2023: €24,161€24,161Net result 2023: €17,178€17,178Operating result 2024: €24,716€24,716Net result 2024: €17,987€17,987Operating result 2025: €52,227€52,227Net result 2025: €38,739€38,739202320242025€0€20,000€40,000€60,000Operating result 2023: €24,161€24,200Net result 2023: €17,178€17,200Operating result 2024: €24,716€24,700Net result 2024: €17,987€18,000Operating result 2025: €52,227€52,200Net result 2025: €38,739€38,700202320242025
The operating result has risen two years in a row; 2025 is 111% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €170,538
Fixed assets €55,757 ▼ 6.2%
Current assets €114,781 ▲ 152%
Equity and liabilities €170,538
Equity €78,905 ▲ 96.4%
Debt €91,633 ▲ 41.2%
Debt's share of the balance-sheet total falls from 61.8% to 53.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€77,907▲
2024 · €47,166
Cash flow
€64,420▲
2024 · €40,437
Debt to equity
1.16▼
2024 · 1.62
ROE
49.1%▲
2024 · 44.8%
Interest coverage
26.54▼
2024 · 26.83
Debt ≤ 1 year
€90,550▲
2024 · €45,821
Debt > 1 year
€1,083▼
2024 · €19,054
Income taxes
€10,866▲
2024 · €5,138
Staff costs
€35,287
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€105,041€170,538▲
Fixed assets21/28€59,438€55,757▼
Tangible fixed assets22/27€48,438€39,757▼
Furniture and vehicles24€48,438€39,757▼
Financial fixed assets28€11,000€16,000▲
Current assets29/58€45,604€114,781▲
Amounts receivable after more than one year29€5,854€0▼
Other amounts receivable291€5,854€0▼
Amounts receivable within one year40/41€32,565€106,170▲
Trade receivables40€23,711€95,477▲
Other amounts receivable41€8,854€10,694▲
Cash at bank and in hand54/58€5,990€5,789▼
Deferred charges and accrued income490/1€1,195€2,821▲
Equity and liabilities
Total equity and liabilities10/49€105,041€170,538▲
Equity10/15€40,166€78,905▲
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€35,166€73,905▲
Amounts payable17/49€64,876€91,633▲
Amounts payable after more than one year17€19,054€1,083▼
Financial debts170/4€19,054€1,083▼
Amounts payable within one year42/48€45,821€90,550▲
Current portion of amounts payable after more than one year42€18,477€17,973▼
Financial debts43€9,000€14,000▲
Credit institutions430/8€9,000€14,000▲
Trade debts44€3,041€43,605▲
Suppliers440/4€3,041€43,605▲
Taxes, remuneration and social security45€15,138€14,972▼
Taxes450/3€5,138€10,866▲
Remuneration and social security454/9€10,000€4,107▼
Other amounts payable47/48€166-
Income statement Code20242025
Remuneration, social security and pensions62-€35,287
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,450€25,680▲
Other operating charges640/8€7,075€3,827▼
Gross operating margin9900€54,241€117,020▲
Operating profit (loss)9901€24,716€52,227▲
Financial income75/76B€167€314▲
Recurring financial income75€167€314▲
Financial charges65/66B€1,758€2,936▲
Recurring financial charges65€1,758€2,936▲
Profit (loss) for the period before taxes9903€23,126€49,605▲
Income taxes67/77€5,138€10,866▲
Profit (loss) for the period9904€17,987€38,739▲
Profit (loss) for the period to be appropriated9905€17,987€38,739▲
Appropriation of the result
Profit (loss) to be appropriated9906€35,166€73,905▲
Profit (loss) brought forward from the previous period14P€17,178€35,166▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Remuneration, social security and pensions62--€35,287-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,013€22,450€25,680▲ 14.4%
Other operating charges640/8€2,481€7,075€3,827▼ 45.9%
Gross operating margin9900€44,655€54,241€117,020▲ 116%
Operating profit (loss)9901€24,161€24,716€52,227▲ 111%
Financial income75/76B€16€167€314▲ 87.7%
Recurring financial income75€16€167€314▲ 87.7%
Financial charges65/66B€2,399€1,758€2,936▲ 67.0%
Recurring financial charges65€2,399€1,758€2,936▲ 67.0%
Profit (loss) for the period before taxes9903€21,778€23,126€49,605▲ 115%
Income taxes67/77€4,600€5,138€10,866▲ 111%
Profit (loss) for the period9904€17,178€17,987€38,739▲ 115%
Profit (loss) for the period to be appropriated9905€17,178€17,987€38,739▲ 115%
Line202320242025Change
Assets
Total assets20/58€121,575€105,041€170,538▲ 62.4%
Fixed assets21/28€81,088€59,438€55,757▼ 6.2%
Tangible fixed assets22/27€70,888€48,438€39,757▼ 17.9%
Furniture and vehicles24€70,888€48,438€39,757▼ 17.9%
Financial fixed assets28€10,200€11,000€16,000▲ 45.5%
Current assets29/58€40,487€45,604€114,781▲ 152%
Amounts receivable after more than one year29-€5,854€0▼ 100%
Other amounts receivable291-€5,854€0▼ 100%
Amounts receivable within one year40/41€21,086€32,565€106,170▲ 226%
Trade receivables40€20,972€23,711€95,477▲ 303%
Other amounts receivable41€115€8,854€10,694▲ 20.8%
Cash at bank and in hand54/58€18,207€5,990€5,789▼ 3.3%
Deferred charges and accrued income490/1€1,193€1,195€2,821▲ 136%
Equity and liabilities
Total equity and liabilities10/49€121,575€105,041€170,538▲ 62.4%
Equity10/15€22,178€40,166€78,905▲ 96.4%
Contributions10/11€5,000€5,000€5,000=
Profit (loss) carried forward14€17,178€35,166€73,905▲ 110%
Amounts payable17/49€99,396€64,876€91,633▲ 41.2%
Amounts payable after more than one year17€37,531€19,054€1,083▼ 94.3%
Financial debts170/4€37,531€19,054€1,083▼ 94.3%
Amounts payable within one year42/48€61,865€45,821€90,550▲ 97.6%
Current portion of amounts payable after more than one year42€17,953€18,477€17,973▼ 2.7%
Financial debts43€9,000€9,000€14,000▲ 55.6%
Credit institutions430/8€9,000€9,000€14,000▲ 55.6%
Trade debts44€11,891€3,041€43,605▲ 1,334%
Suppliers440/4€11,891€3,041€43,605▲ 1,334%
Taxes, remuneration and social security45€20,976€15,138€14,972▼ 1.1%
Taxes450/3€8,269€5,138€10,866▲ 111%
Remuneration and social security454/9€12,707€10,000€4,107▼ 58.9%
Other amounts payable47/48€2,046€166--
Line202320242025Change
Profit (loss) for the period9904€17,178€17,987€38,739▲ 115%
+ Depreciation and write-downs630€18,013€22,450€25,680▲ 14.4%
Operating cash flow (approximation)€35,191€40,437€64,420▲ 59.3%
Investment in fixed assets (approximation)--€800-€22,000▼ 2,650%
Change in cash--€12,218-€200▲ 98.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2025
31-10
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial Highest result since 2023net €38,739 ▲115%
Operating result €52,227, net result €38,739, both a record.
2024
05-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Waasmunster · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
1,486 m²
Building footprint
68 m²
Volume, LiDAR
401 m³
Parcel 42023B1663/00B000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vlasoph
Vlaszakstraat 13, 9250 WaasmunsterNon-scheduled passenger transport by road
since 20222.327.404.340
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42023B1663/00B000 Flanders 1,486 m² 1 · 68 m² 7.8 m · 2 fl.
Linked by address, not proof of ownership
Good to know
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

Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 6,274 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded25-01-2022
Fiscal year end31-03
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID 0208:0780833964
Also 9925:BE0780833964
Registered 20-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.