Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2025
VAEL from Liège, company number BE0849087421, closed financial year 2025 with a result of € -1,026 after tax. For that financial year VAEL recorded a gross margin of € -1,026 and equity of € -1.5 million. Compared with financial year 2024, the result moved from € 15,097 to € -1,026. 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 6, 2026.
€ -1.5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,026
▼ still € 15,097 profit in 2024
Profit after tax over the fiscal year.
€ 42,464
▼ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.6 million.
Debts at end 2025
€ 102,259
Loans from banks and other lenders, long and short.
€ 975,068
Supplier invoices still open on the last day of the fiscal year.
€ 399,196
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -753 | € -782 | € 272 | € -1,026 | ▼ € 1,298 |
| Profit after taxes | € 7,918 | € 7,889 | € 15,097 | € -1,026 | ▼ € 16,123 |
| Equity | € -1,553,769 | € -1,545,881 | € -1,530,784 | € -1,531,810 | |
| Total debts | € 1,599,365 | € 1,599,365 | € 1,598,158 | € 1,598,158 | |
| Cash | € 20,504 | € 28,392 | € 43,489 | € 42,464 | ▼ 2% |
| Retained profit | € -1,572,369 | € -1,564,481 | € -1,549,384 | € -1,550,410 | |
| Bank debt | € 102,259 | € 102,259 | € 102,259 | € 102,259 | |
| Balance sheet total | € 49,095 | € 56,984 | € 70,874 | € 69,849 | ▼ 1% |
Key figures of VAEL, 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 VAEL?
What happened at VAEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
VAEL is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- New annual accounts for financial year 2025: loss of € 1,026 (▼ € 16,123 vs 2024). Source: NBB ↗
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 7,918 profit in 2022 to € 1,026 loss in 2025.
Best year ever: 2024, with € 15,097 profit.
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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 VAEL are Francois ANCION and Charlotte MUSCH. The same people are also behind DESIGN METAL. Charlotte MUSCH is also behind DUFARI.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Rue de Joie 38
4000 Liège
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0849.087.421
- VAT number
- BE 0849.087.421
- Registered office
- Rue de Joie 38, 4000 Liège
- Names & denominations
- VAEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 27 September 2012
- Peppol
- Not registered