M. Vanacker
ActiveSummary
The computed 12-month bankruptcy probability of M. Vanacker is 4.6% (elevated). The 2025 annual accounts show equity of €28k and a net result of €-16k. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 15% of 27786 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▼-61
Solvency36▼-23
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.17 against 1.58 in 2024; short-term debt: 34.4% and cash: 3.8% of total assets), and 88.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.4%
Return on assets
-6.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 27786 sector peers (2025).
NBB · sector comparisonPosition among 27786 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
31 d late
2024
45 d early
2023
7 d early
2022
11 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€28k▼ 36.9%
2024 · €44k
2022: €17k
2023: €18k
2024: €44k
2022 → 2025
Total assets
€242k▲ 88.1%
2024 · €128k
2022: €104k
2023: €104k
2024: €128k
2022 → 2025
Net result
€-16k
2024 · €26k
2022: €14k
2023: €439
2024: €26k
2022 → 2025
Working capital
€14k▼ 42.8%
2024 · €24k
2022: €5k
2023: €192
2024: €24k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€17k-€18k▲ 2.6%€44k▲ 148%€28k▼ 36.9%
Operating result€17k-€999▼ 94.3%€35k▲ 3,434%€-10k
Net result€14k-€439▼ 96.8%€26k▲ 5,852%€-16k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10k after €35k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €242k
Fixed assets
€145k ▲ 132%
Current assets
€97k ▲ 46.7%
Equity and liabilities €242k
Equity
€28k ▼ 36.9%
Debt
€214k ▲ 153%
Debt's share of the balance-sheet total rises from 65.9% to 88.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€17k▼
2024 · €53k
Cash flow
€11k▼
2024 · €44k
Current ratio
1.17▼
2024 · 1.58
Quick ratio
0.74▼
2024 · 1.23
Debt to equity
7.75▲
2024 · 1.94
ROE
-58.4%▼
2024 · 59.7%
ROA
-6.7%▼
2024 · 20.3%
Interest coverage
2.74▼
2024 · 25.27
Debt ≤ 1 year
€83k▲
2024 · €42k
Debt > 1 year
€131k▲
2024 · €43k
Income taxes
€0▼
2024 · €8k
Staff costs
€9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€128k€242k▲
Fixed assets21/28€62k€145k▲
Tangible fixed assets22/27€62k€145k▲
Land and buildings22-€72k
Plant, machinery and equipment23€46k€63k▲
Furniture and vehicles24€17k€10k▼
Current assets29/58€66k€97k▲
Stocks and contracts in progress3€15k€35k▲
Stocks30/36€15k€25k▲
Contracts in progress37-€10k
Amounts receivable within one year40/41€23k€48k▲
Trade receivables40€21k€41k▲
Other amounts receivable41€1k€7k▲
Cash at bank and in hand54/58€27k€9k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€128k€242k▲
Equity10/15€44k€28k▼
Contributions10/11€4k€4k=
Reserves13€40k€24k▼
Distributable reserves133€40k€24k▼
Amounts payable17/49€85k€214k▲
Amounts payable after more than one year17€43k€131k▲
Financial debts170/4€43k€131k▲
Amounts payable within one year42/48€42k€83k▲
Current portion of amounts payable after more than one year42€15k€25k▲
Trade debts44€3k€26k▲
Suppliers440/4€3k€26k▲
Advances received on contracts in progress46€2k€2k▼
Taxes, remuneration and social security45€13k€13k▲
Taxes450/3€10k€10k▲
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48€9k€17k▲
Income statement
Code20242025
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62-€9k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€27k▲
Other operating charges640/8€607€1k▲
Gross operating margin9900€53k€27k▼
Operating profit (loss)9901€35k€-10k▼
Financial income75/76B€1k€366▼
Recurring financial income75€1k€366▼
Financial charges65/66B€2k€6k▲
Recurring financial charges65€2k€6k▲
Profit (loss) for the period before taxes9903€34k€-16k▼
Income taxes67/77€8k€0▼
Profit (loss) for the period9904€26k€-16k▼
Profit (loss) for the period to be appropriated9905€26k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€-16k▼
Transfer from equity791/2-€16k
Transfer to equity691/2€26k€0▼
To other reserves6921€26k€0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-16k ▼162%
Net result drops to €-16k, the lowest in the series.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €26k ▲5852%
Operating result €35k, net result €26k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, De Panne · 3 establishment units since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Emmaweg 138660 De PanneGround area
737 m²
Building footprint
284 m²
Volume, LiDAR
2,337 m³
3 parcels, Flanders · tallest building 17.1 m, ±4 floors. Linked by address, not a title deed.
3 establishment units
Timmerwerken Vanacker
since 20222.327.449.969
M.Vanacker
since 20252.380.908.649
M.Vanacker
since 20252.380.908.748
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38001E0885/00H002 | Flanders | 408 m² | 1 · 90 m² | 12.5 m · 3 fl. |
| 38001D0236/00M004 | Flanders | 172 m² | 1 · 62 m² | - |
| 38352E0724/00E000 | Flanders | 158 m² | 1 · 132 m² | 17.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Recognised contractor
3 categoriesM. Vanacker BV42220
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Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 6,663 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.