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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
36 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
VABEL from Leuven, company number BE0436950752, closed financial year 2025 with a result of € -493,650 after tax. For that financial year VABEL recorded a gross margin of € 4,253 and equity of € 0. Compared with financial year 2024, the result moved from € -1,500 to € -493,650. The company made a loss. More debts than assets. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 21, 2026.
€ 0
▼ 100% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -493,650
▼ 32809 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -495,787.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -10,225 | € 105,556 | € -1,500 | € 4,253 | ▲ € 5,753 |
| Profit after taxes | € -10,347 | € 104,842 | € -1,500 | € -493,650 | ▼ € 492,150 |
| Equity | € 390,308 | € 495,150 | € 493,650 | € 0 | ▼ 100% |
| Total debts | € 111,609 | € 2,753 | € 4,253 | € 0 | ▼ 100% |
| Cash | € 54 | € 0 | - | - | |
| Retained profit | € -105,479 | € -637 | € -2,137 | € -495,787 | ▼ € 493,650 |
| Balance sheet total | € 501,917 | € 497,903 | € 497,903 | € 0 | ▼ 100% |
Key figures of VABEL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to VABEL?
What happened at VABEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 493,650. filed late Source: NBB ↗
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
In short
From € 10,347 loss in 2022 to € 493,650 loss in 2025.
Best year ever: 2023, with € 104,842 profit.
Management
Behind VABEL is Ives Joanna Barthels. Ives Joanna Barthels is also behind Guldendael and GARDEN CONCEPTS.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Grauwmeer 1 box 69
3001 Leuven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 36 companies are registered at this address.
All companies at this address →BARKERSECO
€ -3,500 gross margin · 2024
NEMESIS
€ 20,051 gross margin · 2024
FELVES
€ -14,285 gross margin · 2023
Hoydonckx en Partners - Bedrijfsrevisoren - Hoydonckx et Partners - Reviseurs d'Entreprises
€ -10,711 gross margin · 2025
OBELISK
€ 1.3 million gross margin · 2025
+31 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0436.950.752
- VAT number
- BE 0436.950.752
- Registered office
- Grauwmeer 1 bus 69, 3001 Leuven
- Names & denominations
- VABEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 March 1989
- Peppol
- Active · Active since 23 Jun 2025
- Activities · NACE
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