Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VAS from Gent, company number BE0427671614, closed financial year 2025 with a result of € 230,662 after tax. For that financial year VAS recorded a gross margin of € 381,699 and equity of € 6.4 million. Compared with financial year 2024, the result moved from € 96,646 to € 230,662. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 26, 2026.
€ 6.4 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 230,662
▲ 139% vs 2024
Profit after tax over the fiscal year.
€ 231,003
▼ 61% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 4.2 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 1,702
▼ 42% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 402,719
▲ 3% vs 2024
Loans from banks and other lenders, long and short.
€ 15,672
▼ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 34,666
▲ 5% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 3,805,306 | € 146,378 | € 405,651 | € 381,699 | ▼ 6% |
| Profit after taxes | € 2,638,542 | € 257,267 | € 96,646 | € 230,662 | ▲ 139% |
| Equity | € 5,654,548 | € 5,911,816 | € 6,008,461 | € 6,396,710 | ▲ 6% |
| Total debts | € 1,327,653 | € 1,515,394 | € 2,763,047 | € 2,176,835 | ▼ 21% |
| Cash | € 1,101,242 | € 374,458 | € 591,634 | € 231,003 | ▼ 61% |
| Land & buildings | € 3,012,078 | € 3,583,783 | € 5,755,615 | € 5,678,037 | ▼ 1% |
| Retained profit | € 3,519,188 | € 3,776,455 | € 3,873,101 | € 4,193,325 | ▲ 8% |
| Bank debt | € 368,894 | € 380,169 | € 391,444 | € 402,719 | ▲ 3% |
| Balance sheet total | € 7,928,119 | € 8,355,418 | € 9,631,672 | € 9,329,509 | ▼ 3% |
Key figures of VAS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to VAS?
What happened at VAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Avus NV stepped down as director. NBB
- Anne-Sophie Vancaeneghem stepped down as director. NBB
- Karina Van Lancker stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 230,662 (▲ 139% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.6 million profit in 2022 to € 230,662 profit in 2025.
Paid € 116,636 in corporate taxes since 2022.
Best year ever: 2022, with € 2.6 million profit.
Management
It owns 79.6% of Avus NV itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Twaalfkameren 17
9000 Gent
Jean-Baptiste de Ghellincklaan 13 box 0302
9051 Gent
Active since 17 July 1985
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0427.671.614
- VAT number
- BE 0427.671.614
- Registered office
- Twaalfkameren 17, 9000 Gent
- Names & denominations
- VAS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 July 1985
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
Handel in eigen onroerend goed
Handel in onroerend goed
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis