Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VASAL from Beersel, company number BE0466087968, closed financial year 2025 with a result of € 9,794 after tax. For that financial year VASAL recorded revenue of € 103,319 and equity of € 649,675. Compared with financial year 2024, the result moved from € -36,102 to € 9,794. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 7, 2026.
€ 649,675
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9,794
▲ still € 36,102 loss in 2024
Profit after tax over the fiscal year.
€ 42,092
▲ 244% 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 € -48,433.
People and assets in 2025
0.7
Average over the fiscal year, from the social balance sheet.
€ 49,464
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 6,337
▲ € 5,794 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,211
▲ € 24,045 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 6,000 | € 103,319 | ▲ € 97,319 |
| Profit after taxes | € -18,289,419 | € -41,643 | € -36,102 | € 9,794 | ▲ € 45,896 |
| Equity | € 717,626 | € 675,983 | € 639,881 | € 649,675 | ▲ 2% |
| Total debts | € 7,223,968 | € 7,258,063 | € 7,463,375 | € 7,538,450 | ▲ 1% |
| Cash | € 586 | - | € 12,254 | € 42,092 | ▲ 244% |
| Retained profit | € 19,518 | € -22,125 | € -58,226 | € -48,433 | ▲ € 9,794 |
| Balance sheet total | € 7,941,594 | € 7,934,047 | € 8,103,256 | € 8,188,126 | ▲ 1% |
| Employees (FTE) | - | - | - | 0.7 |
Key figures of VASAL, 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 VASAL?
What happened at VASAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 36,102. filed late Source: NBB ↗
- New establishment in Beersel. KBO
- Start of the company according to the CBE. KBO
In short
From € 18.3 million loss in 2022 to € 9,794 profit in 2025.
Best year ever: 2025, with € 9,794 profit.
Management
The stake of UP-DATE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VASALBehind VASAL are UP- DATE NV and Eric Vastiau. The shares are held by UP-DATE (72.6%). It owns 97.7% of Immovas, 80.5% of Et. Vastiau-Godeau and 33.3% of IIG itself.
Directors
According to the 2025 annual accounts
Director
Eric Vastiau
Director
Shareholders
72.6%
Participations
Establishments
Establishment units
Physical locations of this company
Steenweg naar Halle 1
1652 Beersel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →Etablissementen Vastiau Godeau same network
€ 8.8 million revenue · 2022
Immobilière Le Lido
€ 20,103 gross margin · 2024
Immovas same network
€ 25,000 revenue · 2024
GEVETRA
€ 800,494 revenue · 2021
Groep V - G
+2 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
- 0466.087.968
- VAT number
- BE 0466.087.968
- Registered office
- Steenweg naar Halle 1, 1652 Beersel
- Names & denominations
- VASAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 1999
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van hoofdkantoren
Activiteiten van holdings
Financiële holdings
Holdings
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