Active BE 0794.212.046Public limited company

Vesta Group

Beneluxpark(Kor) 26 ·8500 Kortrijk, Belgium· 3 yrs active

Sector: Activiteiten van holdings (64210)

Conclusion Checked

Vesta Group 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 €58.23M and a net result of €-568k. Its solvency ranks better than 71% of 514 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€58.23M
Net result	€-568k
Staff (FTE)	5.4
Better than sector	71%

Financial profile 4 of 5 axes measured · computed by Checked

56 / 100

Mixed profile: strong on solvency, weaker on profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 0

Solvency 100

Growth 32

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview2 NBB filings

Annual accounts filed on 15-04-2026 with the NBB · fiscal year 2025 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2025 · NACE 64, Financial services · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	68.0%	43.7%	better than 71% of 514 sector peers
Net result	€-568k	€67k	better than 5% of 514 sector peers
Equity	€58.23M	€506k	better than 95% of 514 sector peers
Gross operating margin	€374k	€81k	better than 90% of 513 sector peers
Staff costs	€441k	€72k	higher than 90% of 62 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Net profit

€-568k

- 24-25

Total assets

€85.63M

+2.6% 24-25

Equity

€58.23M

-1.0% 24-25

Employees (FTE)

5

+3.8% 24-25

Staff costs

€441k

-49.1% 24-25

Income taxes

€-2k

- 24-25

Debt

€27.40M

+11.1% 24-25

Debt ≤ 1y

€1.41M

-5.6% 24-25

Show 4 other metrics

Debt > 1y

€25.74M

+12.8% 24-25

Solvency

68.0%

-3.5% 24-25

ROE

-1.0%

- 24-25

ROA

-0.7%

- 24-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	verkort
Revenue	n/a
EBITDA	n/a
Net profit	€-568k
Cash flow	n/a
Staff costs	€441k
Income taxes	€-2k
Dividends	-
Total assets	€85.63M
Equity	€58.23M
Debt	€27.40M
of which ≤ 1y	€1.41M
of which > 1y	€25.74M
Working capital	n/a
Employees (FTE)	5.4

Ratios (computed)

	2025
Current ratio	n/a
Quick ratio	n/a
Working capital ratio	n/a
Solvency	68.0%
Debt / equity	n/a
Long-term debt ratio	n/a
Interest coverage	n/a
Gross margin	n/a
Net margin	n/a
ROA	-0.7%
ROE	-1.0%
EBITDA margin	n/a
Days sales outstanding	n/a
Days payable outstanding	n/a
Inventory turnover	n/a
Days inventory (DSI)	n/a

Balance-sheet composition 2025

Assets

Fixed assets €80.26M · 93.7% Current assets €5.37M · 6.3%

Equity & liabilities

Equity €58.23M · 68.0% Debt €27.40M · 32.0%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€85.63M
Fixed assets	21/28	€80.26M
Intangible fixed assets	21	€104k
Tangible fixed assets	22/27	€693k
Financial fixed assets	28	€79.46M
Current assets	29/58	€5.37M
Amounts receivable within one year	40/41	€663k
Cash & bank	54/58	€1.37M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€85.63M
Equity	10/15	€58.23M
Contributions / capital	10/11	€58.68M
Reserves	13	€6k
Accumulated profits (losses)	14	€-459k
Amounts payable	17/49	€27.40M
Amounts payable after one year	17	€25.74M
Amounts payable within one year	42/48	€1.41M
Trade debts payable within one year	44	€377k
Income statement
Gross operating margin	9900	€374k
Operating result	9901	€-310k
Financial income	75	€1.37M
Financial charges	65	€1.22M
Result before taxes	9903	€-570k
Income taxes	67/77	€-2k
Net result for the period	9904	€-568k
Result to be appropriated	9905	€-568k

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Activiteiten van holdings(64210)
Legal form	Public limited company(014)
Incorporation	29-11-2022
Status	Active
Postal code	8500

Establishment units 1 location

Vesta Group

Beneluxpark(Kor) 26, 8500 KortrijkOntwikkeling van residentiële bouwprojecten

since 20222.339.192.315

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34354D0456/00A000	Flanders	1.1 ha	1 · 3,566 m²	0.0 m

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

15-04-2026

NBB filing Annual accounts filed

fiscal year 2025 · verkort

2025

16-04-2025

NBB filing Annual accounts filed

fiscal year 2024 · verkort

2023

13-01-2023

State Gazette act Capital & shares

Jean-Charles De Witte

Belgian State Gazette reading coverage 0 of 2 acts read

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.

Belgisch Staatsblad, acts 1 acts

Capital history · 1

13-01-2023

Capital change

All acts · 1 updated 3 years ago

2023

13-01-2023 Capital increase of €58,590,000 to €148,590,000 Capital & shares·Jean-Charles De Witte

€90.000.000 → €148.590.000
Inbreng in natura · Apport en nature

Notary: Jean-Charles De Witte · Kortrijk

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activiteiten van holdings64210Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220

Primary activity highlighted.

Names & trade names

Legal nameNL

Vesta Group

Registered office

Beneluxpark(Kor) 26 bus 52

8500 Kortrijk, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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