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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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VASSAR from Ukkel, company number BE1000768893, closed financial year 2025 with a result of € 262,331 after tax. For that financial year VASSAR recorded a gross margin of € 239,881 and equity of € 105,481. Compared with financial year 2024, the result moved from € -179,072 to € 262,331. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 11, 2026.
€ 105,481
▲ € 262,331 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 262,331
▲ still € 179,072 loss in 2024
Profit after tax over the fiscal year.
€ 63,067
▲ € 53,143 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 83,259.
Debts at end 2025
€ 1.4 million
▼ 11% vs 2024
€ 184,832 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 130,251
▲ 82% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,643
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -84,422 | € 239,881 | ▲ € 324,303 |
| Profit after taxes | € -179,072 | € 262,331 | ▲ € 441,403 |
| Equity | € -156,850 | € 105,481 | ▲ € 262,331 |
| Total debts | € 2,422,751 | € 2,310,457 | ▼ 5% |
| Cash | € 9,924 | € 63,067 | ▲ € 53,143 |
| Retained profit | € -179,072 | € 83,259 | ▲ € 262,331 |
| Bank debt | € 1,604,039 | € 1,427,507 | ▼ 11% |
| Balance sheet total | € 2,265,901 | € 2,415,938 | ▲ 7% |
Key figures of VASSAR, fiscal years 2024 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 VASSAR?
What happened at VASSAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 262,331. filed late Source: NBB ↗
- New establishment in Ukkel. KBO
- Start of the company according to the CBE. KBO
In short
From € 179,072 loss in 2024 to € 262,331 profit in 2025.
Best year ever: 2025, with € 262,331 profit.
Management
Behind VASSAR is Maxime PARAN. It owns 100% of FORCADO UCCLE and 100% of FORCADO itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Jacques Pasturlaan 29
1180 Ukkel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 1000.768.893
- VAT number
- BE 1000.768.893
- Registered office
- Jacques Pasturlaan 29, 1180 Ukkel
- Names & denominations
- VASSAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 October 2023
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings
Overige financiële dienstverlening, neg
Vermogensbeheer