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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Negative equity NBB
More debt than assets in 1 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2023; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 6.2 to 2.3.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
Vasedel from Houffalize, company number BE0633753161, closed financial year 2023 with a result of € -147,220 after tax. For that financial year Vasedel recorded revenue of € 155,432 and equity of € -199,080. Compared with financial year 2022, the result moved from € -442,434 to € -147,220. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2024.
€ -199,080
▼ € 205,818 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -147,220
▲ 67 % less loss than in 2022
Profit after tax over the fiscal year.
€ 647
▼ 97% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.1 million.
People and assets in 2023
2.3
▼ 1.5 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 123,859
▼ 37% vs 2022
€ 53,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 20,194
▼ 99% vs 2022
Of which on lease € 9,340.
Debts at end 2023
€ 3,635
▼ € 1.9 million vs 2022
€ 2,287 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 283,416
▼ 40% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 472 days on average.
€ 9,090
▼ 65% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Revenue | € 1,577,798 | € 1,693,011 | € 155,432 | ▼ 91% |
| Profit after taxes | € -21,500 | € -442,434 | € -147,220 | ▲ € 295,214 |
| Equity | € 455,032 | € 6,738 | € -199,080 | ▼ € 205,818 |
| Total debts | € 2,497,401 | € 2,462,593 | € 313,268 | ▼ 87% |
| Cash | € 6,677 | € 18,991 | € 647 | ▼ 97% |
| Land & buildings | € 10,060 | € 124,753 | € 9,557 | ▼ 92% |
| Retained profit | € -550,945 | € -993,379 | € -1,140,599 | ▼ € 147,220 |
| Bank debt | € 2,028,968 | € 1,940,384 | € 3,635 | ▼ € 1.9 million |
| Balance sheet total | € 2,987,592 | € 2,502,537 | € 127,861 | ▼ 95% |
| Employees (FTE) | 6.2 | 3.8 | 2.3 | ▼ 1.5 |
Key figures of Vasedel, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to Vasedel?
What happened at Vasedel in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Vasedel is active according to the CBE. Legal situation: Opening faillissement.
- Ganda NV stepped down as director. NBB
- Matheo CORNELIS stepped down as director. NBB
- New annual accounts for financial year 2023: loss of € 147,220. Source: NBB ↗
- Ganda NV became a director. NBB
- Matheo CORNELIS became a director. NBB
- New establishment in Houffalize. KBO
- Start of the company according to the CBE. KBO
In short
From € 21,500 loss in 2021 to € 147,220 loss in 2023.
Paid € 294 in corporate taxes since 2021.
Management
The stake of GANDA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VasedelThe shares are held by GANDA (96.7%).
Directors
According to the 2023 annual accounts
Director · represented by Cornelis DIRK
Also active at: VLEESWAREN CORMA, B en S, MEESTERS HESP, COMEX, VLEESWAREN HOSTE
since 2020 · until 2026
Matheo CORNELIS
Director
since 2020 · until 2026
Shareholders
96.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Route du Vieux Chêne 6
6661 Houffalize
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0633.753.161
- VAT number
- BE 0633.753.161
- Registered office
- Route du Vieux Chêne 6, 6661 Houffalize
- Names & denominations
- Vasedel
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 10 July 2015
- Peppol
- Not registered