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 31 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VAARTCO from Leuven, company number BE0715610174, closed financial year 2025 with a result of € -8,354 after tax. For that financial year VAARTCO recorded a gross margin of € 39,242 and equity of € 21,693. Compared with financial year 2024, the result moved from € 5,212 to € -8,354. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ 21,693
▼ 28% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,354
▼ still € 5,212 profit in 2024
Profit after tax over the fiscal year.
€ 2,032
▼ 80% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -68,307.
People and assets in 2025
€ 3,501
▼ 8% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 5,117
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 417,424
▼ 9% vs 2024
€ 41,484 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 8,692
▲ 279% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,857
▼ 46% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 53,783 | € 54,686 | € 53,976 | € 39,242 | ▼ 27% |
| Profit after taxes | € 1,765 | € 2,433 | € 5,212 | € -8,354 | ▼ € 13,566 |
| Equity | € 22,401 | € 24,834 | € 30,046 | € 21,693 | ▼ 28% |
| Total debts | € 692,253 | € 681,674 | € 639,529 | € 613,725 | ▼ 4% |
| Cash | € 2,470 | € 8,024 | € 10,133 | € 2,032 | ▼ 80% |
| Land & buildings | € 663,494 | € 639,513 | € 615,533 | € 591,552 | ▼ 4% |
| Retained profit | € -67,599 | € -65,166 | € -59,954 | € -68,307 | ▼ € 8,354 |
| Bank debt | € 534,416 | € 494,965 | € 458,199 | € 417,424 | ▼ 9% |
| Balance sheet total | € 714,654 | € 706,508 | € 669,575 | € 635,418 | ▼ 5% |
Key figures of VAARTCO, 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 VAARTCO?
What happened at VAARTCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 8,354 (▼ € 13,566 vs 2024). Source: NBB ↗
- Bert Vandenbussche became a director. NBB
- Werner Willems became a director. NBB
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,765 profit in 2022 to € 8,354 loss in 2025.
Best year ever: 2024, with € 5,212 profit.
A new publication or filing at VAARTCO? 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 VAARTCO are Bert Vandenbussche and Werner Willems. Bert Vandenbussche is also behind CHANGE IT, POPAY BE and POPAY CORPORATE. Werner Willems is also behind GUIDELINE SOLUTIONS.
Directors
According to the 2025 annual accounts
since 2023
since 2023
Establishments
Establishment units
Physical locations of this company
Asstraat 5
3000 Leuven
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
- 0715.610.174
- VAT number
- BE 0715.610.174
- Registered office
- Asstraat 5, 3000 Leuven
- Names & denominations
- VAARTCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 December 2018
- Peppol
- Active · Active since 11 Aug 2026
- Activities · NACE
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