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 2 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
VAAS Assets from Genk, company number BE0687880448, closed financial year 2024 with a result of € 546,043 after tax. For that financial year VAAS Assets recorded a gross margin of € 2.7 million and equity of € 779,167. Compared with financial year 2023, the result moved from € 35,607 to € 546,043. 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 December 10, 2025.
€ 779,167
▲ 234% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 546,043
▲ € 510,436 vs 2023
Profit after tax over the fiscal year.
€ 95,005
▼ 60% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 772,367.
People and assets in 2024
€ 7,171
▼ 36% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 9.5 million
▲ 16% vs 2023
€ 6 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 5,399
▼ 62% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 372,920
▲ 21% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 2,358,158 | € 845,791 | € 1,813,351 | € 2,739,156 | ▲ 51% |
| Profit after taxes | € 38,847 | € 48,974 | € 35,607 | € 546,043 | ▲ € 510,436 |
| Equity | € 148,543 | € 197,517 | € 233,124 | € 779,167 | ▲ 234% |
| Total debts | € 4,637,393 | € 6,791,734 | € 8,501,548 | € 9,838,086 | ▲ 16% |
| Cash | € 1,224,484 | € 100,191 | € 238,920 | € 95,005 | ▼ 60% |
| Retained profit | € 141,743 | € 190,717 | € 226,324 | € 772,367 | ▲ 241% |
| Bank debt | € 4,358,445 | € 6,647,593 | € 8,140,000 | € 9,459,766 | ▲ 16% |
| Balance sheet total | € 4,785,937 | € 6,989,250 | € 8,734,671 | € 10,617,253 | ▲ 22% |
Key figures of VAAS Assets, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to VAAS Assets?
What happened at VAAS Assets in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 546,043 (▲ € 510,436 vs 2023). filed late Source: NBB ↗
- New establishment in Genk. KBO
- Start of the company according to the CBE. KBO
In short
From € 38,847 profit in 2021 to € 546,043 profit in 2024.
Paid € 1.1 million in corporate taxes since 2021.
Best year ever: 2024, with € 546,043 profit.
A new publication or filing at VAAS Assets? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind VAAS Assets are Alessandro Castronovo and Vincenzo Fumarola.
Directors
According to the 2024 annual accounts
Alessandro Castronovo
Administrator-manager
Vincenzo Fumarola
Administrator-manager
Establishments
Establishment units
Physical locations of this company
Gildelaan 10 box 1
3600 Genk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0687.880.448
- VAT number
- BE 0687.880.448
- Registered office
- Gildelaan 10 bus 1, 3600 Genk
- Names & denominations
- VAAS Assets
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 January 2018
- Peppol
- Active · Active since 24 Nov 2023