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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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
VASCORTH from Honnelles, company number BE0859698132, closed financial year 2025 with a result of € -22,311 after tax. For that financial year VASCORTH recorded a gross margin of € 17,494 and equity of € 304,442. Compared with financial year 2024, the result moved from € 3,030 to € -22,311. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 16, 2026.
€ 304,442
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -22,311
▼ still € 3,030 profit in 2024
Profit after tax over the fiscal year.
€ 14,253
▲ 63% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 119,417.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 12,496
▲ 3% 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.
€ 4,838
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,031
▼ 87% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,595
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 45,088 | € 38,026 | € 47,793 | € 17,494 | ▼ 63% |
| Profit after taxes | € -760 | € -9,533 | € 3,030 | € -22,311 | ▼ € 25,341 |
| Equity | € 333,257 | € 323,723 | € 326,753 | € 304,442 | ▼ 7% |
| Total debts | € 92,641 | € 34,798 | € 17,420 | € 14,597 | ▼ 16% |
| Cash | € 39,855 | € 3,465 | € 8,769 | € 14,253 | ▲ 63% |
| Land & buildings | € 358,122 | € 333,870 | € 309,945 | € 289,875 | ▼ 6% |
| Retained profit | € 148,231 | € 138,698 | € 141,728 | € 119,417 | ▼ 16% |
| Bank debt | € 38,724 | € 6,052 | € 0 | € 0 | |
| Balance sheet total | € 425,898 | € 358,522 | € 344,173 | € 319,039 | ▼ 7% |
Key figures of VASCORTH, 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 VASCORTH?
What happened at VASCORTH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 22,311 (▼ € 25,341 vs 2024). filed late Source: NBB ↗
- New establishment in Honnelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 760 loss in 2022 to € 22,311 loss in 2025.
Paid € 986 in corporate taxes since 2022.
Best year ever: 2024, with € 3,030 profit.
Management
Behind VASCORTH is Frederic Matheï. Frederic Matheï is also behind MATRIC'S IMMO.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Rue Boutenier(ROI) 5
7387 Honnelles
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0859.698.132
- VAT number
- BE 0859.698.132
- Registered office
- Rue Boutenier(ROI) 5, 7387 Honnelles
- Names & denominations
- VASCORTH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 July 2003
- Peppol
- Not registered
- Activities · NACE
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