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.
Financials
Financial year 2025
VASA DEVELOPMENT from Duffel, company number BE0695439520, closed financial year 2025 with a result of € -54,473 after tax. For that financial year VASA DEVELOPMENT recorded a gross margin of € -15,603 and equity of € 48,641. Compared with financial year 2024, the result moved from € -70,073 to € -54,473. The company made a loss. The buffer shrank hard: equity is 53 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 48,641
▼ 53% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -54,473
▲ 22 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € 30,041.
People and assets in 2025
€ 30,955
▼ 40% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 559,048
▲ 21% vs 2024
€ 19,331 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 9,313
▲ € 7,740 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 66
▼ 99% 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 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 1,162 | - | |
| Gross margin | € 280,273 | € 57,002 | € -19,746 | € -15,603 | ▲ € 4,144 |
| Profit after taxes | € 213,388 | € 16,051 | € -70,073 | € -54,473 | ▲ € 15,600 |
| Equity | € 157,137 | € 173,188 | € 103,115 | € 48,641 | ▼ 53% |
| Total debts | € 241,457 | € 221,058 | € 476,261 | € 625,501 | ▲ 31% |
| Cash | € 109,195 | € 86,784 | € 13,794 | - | |
| Land & buildings | - | - | € 87,378 | € 85,095 | ▼ 3% |
| Retained profit | € 138,537 | € 154,588 | € 84,515 | € 30,041 | ▼ 64% |
| Bank debt | € 220,195 | € 186,117 | € 462,497 | € 559,048 | ▲ 21% |
| Balance sheet total | € 398,593 | € 394,245 | € 579,375 | € 674,142 | ▲ 16% |
Key figures of VASA DEVELOPMENT, 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 VASA DEVELOPMENT?
What happened at VASA DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 54,473. Source: NBB ↗
- Guy Van Saet became a director. NBB
- Vito Van Saet became a director. NBB
- New establishment in Duffel. KBO
- Start of the company according to the CBE. KBO
In short
From € 213,388 profit in 2022 to € 54,473 loss in 2025.
Paid € 55,531 in corporate taxes since 2022.
Best year ever: 2022, with € 213,388 profit.
Management
Behind VASA DEVELOPMENT are Guy Van Saet and Vito Van Saet. Guy Van Saet is also behind ZAKENKANTOOR VAN SAET. Vito Van Saet is also behind ERIPAT and VITO VAN SAET CONSTRUCT.
Directors
According to the 2025 annual accounts
since 2022
since 2022
Establishments
Establishment units
Physical locations of this company
G. Van der Lindenlaan 2
2570 Duffel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Self-hosted
Hosting
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Website info
Features
Security
Network
Details
- Company number
- 0695.439.520
- VAT number
- BE 0695.439.520
- Registered office
- G. Van der Lindenlaan 2, 2570 Duffel
- Names & denominations
- VASA DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 April 2018
- Peppol
- Active · Active since 30 Sept 2025
- Contact
- vansaet.be
- Activities · NACE
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