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 19 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VASP from Gent, company number BE0824128133, closed financial year 2025 with a result of € -543 after tax. For that financial year VASP recorded a gross margin of € 260,083 and equity of € 499,467. Compared with financial year 2024, the result moved from € 100,009 to € -543. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 499,467
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -543
▼ still € 100,009 profit in 2024
Profit after tax over the fiscal year.
€ 54,382
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 480,867.
People and assets in 2025
€ 68,637
▲ 4% 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.
€ 39,749
▲ € 31,425 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 907,615
▼ 8% vs 2024
€ 77,182 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 25,116
▲ 128% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 46,930
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 245,852 | € 345,845 | € 412,301 | € 260,083 | ▼ 37% |
| Profit after taxes | € 18,279 | € 76,315 | € 100,009 | € -543 | ▼ € 100,552 |
| Equity | € 325,286 | € 400,001 | € 500,010 | € 499,467 | |
| Total debts | € 1,608,032 | € 1,451,207 | € 1,631,359 | € 2,020,283 | ▲ 24% |
| Cash | € 61,863 | € 143,699 | € 70,076 | € 54,382 | ▼ 22% |
| Land & buildings | € 1,620,348 | € 1,520,857 | € 1,973,847 | € 2,224,854 | ▲ 13% |
| Retained profit | € 306,686 | € 381,401 | € 481,410 | € 480,867 | |
| Dividend | € 1,600 | € 1,600 | € 0 | € 0 | |
| Bank debt | € 644,248 | € 592,830 | € 983,974 | € 907,615 | ▼ 8% |
| Balance sheet total | € 1,959,392 | € 1,875,582 | € 2,154,042 | € 2,540,723 | ▲ 18% |
Key figures of VASP, 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 VASP?
What happened at VASP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 543 (▼ € 100,552 vs 2024). filed late Source: NBB ↗
- LIEVEN STEEL became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 18,279 profit in 2022 to € 543 loss in 2025.
Paid € 63,458 in corporate taxes since 2022.
Best year ever: 2024, with € 100,009 profit.
Paid out € 3,200 in dividends to the owners in total.
A new publication or filing at VASP? 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 VASP are LIEVEN STEEL, CARINE POELMAN, Jelle Steel BV and Margo Steel Comm.V. LIEVEN STEEL is also behind JEMA INVEST.
Directors
According to the 2025 annual accounts
since 2023
CARINE POELMAN
Director
Director · represented by Jelle Steel
Director · represented by Margo Steel
Establishments
Establishment units
Physical locations of this company
Bennesteeg 9
9000 Gent
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
- 0824.128.133
- VAT number
- BE 0824.128.133
- Registered office
- Bennesteeg 9, 9000 Gent
- Names & denominations
- VASP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 March 2010
- Peppol
- Active · Active since 7 Apr 2025
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