VAWAK BV
ActiveSummary
VAWAK BV has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €108k and a net result of €86k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 31% of 20782 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+1
Solvency67▼-16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.98 in 2023; short-term debt: 57.8% and cash: 34.2% of total assets), and 57.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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 dateAge against the risk zone
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 19-07-2025, 12 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
12 d early
2023
31 d early
2022
27 d late
2021
31 d early
2020
44 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€108k▼ 22.7%
2023 · €139k
2020: €50k
2021: €97k
2022: €152k
2023: €139k
2020 → 2024
Total assets
€256k▲ 6.5%
2023 · €240k
2020: €72k
2021: €134k
2022: €197k
2023: €240k
2020 → 2024
Net result
€86k▲ 48.9%
2023 · €58k
2020: €45k
2021: €47k
2022: €54k
2023: €58k
2020 → 2024
Working capital
€70k▼ 29.6%
2023 · €99k
2020: €48k
2021: €92k
2022: €107k
2023: €99k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€50k-€97k▲ 92.7%€152k▲ 55.9%€139k▼ 8.1%€108k▼ 22.7%
Operating result€57k-€59k▲ 3.6%€65k▲ 10.3%€74k▲ 12.9%€110k▲ 48.7%
Net result€45k-€47k▲ 2.9%€54k▲ 16.2%€58k▲ 6.3%€86k▲ 48.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 49% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €256k
Fixed assets
€38k ▼ 5.7%
Current assets
€217k ▲ 8.9%
Equity and liabilities €256k
Equity
€108k ▼ 22.7%
Debt
€148k ▲ 46.8%
Debt's share of the balance-sheet total rises from 41.9% to 57.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€118k▲
2023 · €82k
Cash flow
€94k▲
2023 · €66k
Current ratio
1.47▼
2023 · 1.98
Quick ratio
1.47▼
2023 · 1.98
Debt to equity
1.37▲
2023 · 0.72
ROE
79.8%▲
2023 · 41.5%
ROA
33.7%▲
2023 · 24.1%
Interest coverage
220.64▲
2023 · 130.11
Debt ≤ 1 year
€148k▲
2023 · €101k
Income taxes
€23k▲
2023 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€240k€256k▲
Fixed assets21/28€41k€38k▼
Tangible fixed assets22/27€40k€38k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€8k€9k▲
Other tangible fixed assets26€30k€28k▼
Financial fixed assets28€150€150=
Current assets29/58€200k€217k▲
Stocks and contracts in progress3€389€678▲
Stocks30/36€389€678▲
Amounts receivable within one year40/41€52k€24k▼
Trade receivables40€49k€19k▼
Other amounts receivable41€3k€5k▲
Current investments50/53€36k€96k▲
Cash at bank and in hand54/58€102k€87k▼
Deferred charges and accrued income490/1€9k€10k▲
Equity and liabilities
Total equity and liabilities10/49€240k€256k▲
Equity10/15€139k€108k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€134k€103k▼
Amounts payable17/49€101k€148k▲
Amounts payable within one year42/48€101k€148k▲
Financial debts43€246€277▲
Credit institutions430/8€246€277▲
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Taxes, remuneration and social security45€22k€16k▼
Taxes450/3€22k€16k▼
Other amounts payable47/48€75k€127k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▼
Other operating charges640/8€531€630▲
Gross operating margin9900€83k€118k▲
Operating profit (loss)9901€74k€110k▲
Financial income75/76B€0€131▲
Recurring financial income75€0€131▲
Financial charges65/66B€633€533▼
Recurring financial charges65€633€533▼
Profit (loss) for the period before taxes9903€73k€109k▲
Income taxes67/77€15k€23k▲
Profit (loss) for the period9904€58k€86k▲
Profit (loss) for the period to be appropriated9905€58k€86k▲
Appropriation of the result
Profit (loss) to be appropriated9906€204k€220k▲
Profit (loss) brought forward from the previous period14P€147k€134k▼
Profit to be distributed694/7€70k€118k▲
Return on contributions (dividend)694€70k€118k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €86k ▲48.9%
Operating result €110k, net result €86k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
31-12
Financial
Equity above €150kEq €152k ▲55.9%
3 profitable years in a row build equity to €152k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Leuven · 1 establishment unit since 2020
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.
Kroonstraat 323018 LeuvenGround area
500 m²
Building footprint
97 m²
Volume, LiDAR
1 m³
Parcel 24038C0205/00V002, Flanders · tallest building 0.6 m. Linked by address, not a title deed.
1 establishment unit
VAWAK BV
since 20202.297.257.037
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24038C0205/00V002 | Flanders | 500 m² | 1 · 97 m² | 0.6 m |
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.
Similar companies · same sector, comparable size
KIARIMONDO
BE 0733.784.016
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Aalst · Eq €107,625
Backplane
BE 0541.848.532
Ranst · Eq €108,300
KRYOTECH
BE 0463.057.412
Beveren-Kruibeke-Zwijndrecht · Eq €107,093
TRIXO
BE 0893.680.794
Kontich · Eq €108,824
Of 3,211 companies in sector 62900 we hold annual accounts for 1,741. 1,404 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:kasper.vanwaes@gmail.com