VASTGOED MD
ActiveVASTGOED MD is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €682k and a net result of €164k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 69% of 5495 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €682k
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 03-12-2025, 148 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
148 d early
2024
132 d early
2023
148 d early
2022
158 d early
2021
138 d early
2020
116 d early
2019
94 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
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€682k▲ 27.6%
2024 · €535k
2018: €496k
2019: €510k
2020: €576k
2021: €536k
2022: €521k
2023: €521k
2024: €535k
2018 → 2025
Net result
€164k▲ 1,063%
2024 · €14k
2018: €897
2019: €16k
2020: €59k
2021: €778
2022: €525
2023: €-365
2024: €14k
2018 → 2025
Total assets
€943k▲ 14.8%
2024 · €821k
2018: €624k
2019: €739k
2020: €821k
2021: €842k
2022: €881k
2023: €834k
2024: €821k
2018 → 2025
Solvency
72.4%▲ 7.2pp
2024 · 65.1%
2018: 79.5%
2019: 69.0%
2020: 70.2%
2021: 63.6%
2022: 59.1%
2023: 62.4%
2024: 65.1%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€536k-€521k▼ 2.7%€521k▼ 0.1%€535k▲ 2.7%€682k▲ 27.6%
Operating result€11k-€9k▼ 16.3%€8k▼ 16.1%€30k▲ 298%€245k▲ 722%
Net result€778-€525▼ 32.6%€-365€14k€164k▲ 1,063%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 722% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €943k
Fixed assets
€798k▲ 0.1%
Current assets
€145k▲ 506%
Equity and liabilities €943k
Equity
€682k▲ 27.6%
Provisions
€15k▼ 4.4%
Debt
€246k▼ 9.2%
The debt ratio falls from 33.0% to 26.0%: equity grows while debt is paid down.
Key figures and ratios
Solvency
72.4%▲
2024 · 65.1%
ROE
24.0%▲
2024 · 2.6%
ROA
17.4%▲
2024 · 1.7%
Debt
€246k▼
2024 · €270k
Debt ≤ 1 year
€135k▼
2024 · €141k
Debt > 1 year
€110k▼
2024 · €129k
Income taxes
€79k▲
2024 · €9k
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€821k€943k▲
Fixed assets21/28€797k€798k▲
Tangible fixed assets22/27€422k€423k▲
Land and buildings22€420k€421k▲
Furniture and vehicles24€2k€2k=
Financial fixed assets28€375k€375k=
Current assets29/58€24k€145k▲
Amounts receivable within one year40/41€1k€5k▲
Trade receivables40€940-
Other amounts receivable41€68€5k▲
Cash at bank and in hand54/58€21k€138k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€821k€943k▲
Equity10/15€535k€682k▲
Contributions10/11€19k€19k=
Reserves13€516k€664k▲
Non-distributable reserves130/1€2k€2k=
Other1319€2k€2k=
Tax-exempt reserves132€47k€45k▼
Distributable reserves133€467k€617k▲
Provisions and deferred taxes16€16k€15k▼
Deferred taxes168€16k€15k▼
Amounts payable17/49€270k€246k▼
Amounts payable after more than one year17€129k€110k▼
Financial debts170/4€129k€110k▼
Amounts payable within one year42/48€141k€135k▼
Current portion of amounts payable after more than one year42€19k€19k▼
Trade debts44€250€5k▲
Suppliers440/4€250€5k▲
Taxes, remuneration and social security45€12k€7k▼
Taxes450/3€12k€7k▼
Other amounts payable47/48€110k€104k▼
Accrued charges and deferred income492/3-€268
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€22k▲
Other operating charges640/8€4k€7k▲
Gross operating margin9900€56k€274k▲
Operating profit (loss)9901€30k€245k▲
Financial income75/76B€28€184▲
Recurring financial income75€28€184▲
Financial charges65/66B€7k€3k▼
Recurring financial charges65€7k€3k▼
Profit (loss) for the period before taxes9903€23k€242k▲
Transfer from deferred taxes780€688€688=
Income taxes67/77€9k€79k▲
Profit (loss) for the period9904€14k€164k▲
Transfer from tax-exempt reserves789€2k€2k=
Profit (loss) for the period to be appropriated9905€16k€166k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€166k▲
Transfer from equity791/2-€17k
Transfer to equity691/2€16k€166k▲
To other reserves6921€16k€166k▲
Profit to be distributed694/7-€17k
Return on contributions (dividend)694-€17k
The notes to these accounts (16 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
2025
03-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-09
Financial
Highest result since 2018net €164k ▲1063%
Operating result €245k, net result €164k, both a record.
30-09
Financial
Liquidity times 6current ratio 1.07
Current ratio from 0.17 to 1.07; short-term debt falls from €141k to €135k.
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-09
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
2023
04-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-09
Financial
Weakest financial yearnet €-365 ▼170%
Net result drops to €-365, the lowest in the series; recovery starts the following year.
2022
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
13-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €500kEq €510k ▲2.8%
2 profitable years in a row build equity to €510k.
2018
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
12-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
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.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2000
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.
Weidestraat 888310 BruggeGround area
474 m²
Building footprint
153 m²
Volume, LiDAR
899 m³
Parcel 31434C0020/00H002, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VASTGOED MD
since 20002.115.697.880
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31434C0020/00H002 | Flanders | 474 m² | 1 · 153 m² | 9.9 m · 2 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.
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Of 24,637 companies in sector 64210 we hold annual accounts for 19,690. 13,306 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-01-2000
Fiscal year end30-09
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
68310Real estate agency activities
68311Real estate activities
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.