VORSSELMANS
ActiveSummary
VORSSELMANS has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-14k) and a net result of €-58k. Equity is shrinking by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 7445 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
27
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-25
Solvency21▼-18
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.81 against 0.99 in 2023; short-term debt: 90.3% and cash: 10% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-4.4%
Return on assets
-18.2%
Age of the figures
21 mo
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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-14k
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 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
20 d early
2022
17 d early
2021
17 d early
2020
1 d early
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-14k
2023 · €44k
2018: €100k
2019: €100k
2020: €73k
2021: €80k
2022: €69k
2023: €44k
2018 → 2024
Total assets
€318k▲ 4.2%
2023 · €306k
2018: €186k
2019: €186k
2020: €163k
2021: €325k
2022: €345k
2023: €306k
2018 → 2024
Net result
€-58k▼ 135%
2023 · €-25k
2018: €26k
2019: €-27k
2020: €-27k
2021: €7k
2022: €-12k
2023: €-25k
2018 → 2024
Working capital
€-54k▼ 1,957%
2023 · €-3k
2018: €75k
2019: €75k
2020: €53k
2021: €48k
2022: €36k
2023: €-3k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€73k-€80k▲ 9.5%€69k▼ 14.7%€44k▼ 35.9%€-14k
Operating result€-29k-€10k€-10k€-17k▼ 71.6%€-47k▼ 183%
Net result€-27k-€7k€-12k€-25k▼ 109%€-58k▼ 135%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €47k in 2024 against €17k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €318k
Fixed assets
€85k ▼ 18.0%
Current assets
€233k ▲ 15.5%
Key figures and ratios
EBITDA
€-7k▼
2023 · €20k
Cash flow
€-17k▼
2023 · €12k
Solvency
-4.4%▼
2023 · 14.4%
Current ratio
0.81▼
2023 · 0.99
Quick ratio
0.65▼
2023 · 0.76
Debt to equity
-23.53▼
2023 · 5.95
ROA
-18.2%▼
2023 · -8.1%
Interest coverage
-0.60▼
2023 · 1.91
Debt
€332k▲
2023 · €262k
Debt ≤ 1 year
€287k▲
2023 · €204k
Debt > 1 year
€27k▼
2023 · €45k
Income taxes
€0▼
2023 · €0
Staff costs
€139k▼
2023 · €162k
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 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€306k€318k▲
Fixed assets21/28€104k€85k▼
Tangible fixed assets22/27€104k€85k▼
Plant, machinery and equipment23€13k€10k▼
Furniture and vehicles24€34k€36k▲
Leasing and similar rights25€43k€27k▼
Other tangible fixed assets26€13k€11k▼
Current assets29/58€202k€233k▲
Stocks and contracts in progress3€46k€48k▲
Stocks30/36€46k€48k▲
Amounts receivable within one year40/41€80k€143k▲
Trade receivables40€43k€36k▼
Other amounts receivable41€36k€106k▲
Cash at bank and in hand54/58€64k€32k▼
Deferred charges and accrued income490/1€12k€11k▼
Equity and liabilities
Total equity and liabilities10/49€306k€318k▲
Equity10/15€44k€-14k▼
Contributions10/11€20k€20k=
Reserves13€24k€2k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€22k€0▼
Profit (loss) carried forward14-€-36k
Amounts payable17/49€262k€332k▲
Amounts payable after more than one year17€45k€27k▼
Financial debts170/4€45k€27k▼
Amounts payable within one year42/48€204k€287k▲
Current portion of amounts payable after more than one year42€29k€33k▲
Financial debts43€125k€156k▲
Credit institutions430/8€125k€156k▲
Trade debts44€37k€29k▼
Suppliers440/4€37k€29k▼
Taxes, remuneration and social security45€14k€70k▲
Taxes450/3€2k€55k▲
Remuneration and social security454/9€12k€15k▲
Accrued charges and deferred income492/3€12k€18k▲
Income statement
Code20232024
Remuneration, social security and pensions62€162k€139k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€41k▲
Other operating charges640/8€1k€4k▲
Gross operating margin9900€183k€136k▼
Operating profit (loss)9901€-17k€-47k▼
Financial income75/76B€2k€549▼
Recurring financial income75€2k€549▼
Financial charges65/66B€10k€11k▲
Recurring financial charges65€10k€11k▲
Profit (loss) for the period before taxes9903€-25k€-58k▼
Income taxes67/77€0€0▼
Profit (loss) for the period9904€-25k€-58k▼
Profit (loss) for the period to be appropriated9905€-25k€-58k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-25k€-58k▼
Transfer from equity791/2€25k€22k▼
Social balance
Average headcount (FTE)90872.62.3▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-58k
Net result drops to €-58k, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
16-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
17-07
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, Brasschaat · 1 establishment unit since 1993
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.
Bethaniëlei 22930 BrasschaatGround area
1,574 m²
Building footprint
249 m²
Volume, LiDAR
1,037 m³
Parcel 11008H0198/00N000, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VORSSELMANS
since 19932.060.612.273
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11008H0198/00N000 | Flanders | 1,574 m² | 1 · 249 m² | 6.4 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
2023 to 2025 · 3 entries · 1,799 EUR awarded · 1,799 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 120 EUR | 120 EUR |
| 2024 | 1 | 944 EUR | 944 EUR |
| 2023 | 1 | 735 EUR | 735 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 7,278 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
Founded31-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.garvo.be
E-mail:info@garvo.be