VANCO
ActiveSummary
VANCO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €133k and a net result of €-2k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 61% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability68▲+2
Solvency79▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.89 against 0.85 in 2023; short-term debt: 29% and cash: 2% of total assets), and 46.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
53.8%
Return on assets
-0.6%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
120 d late
2022
106 d late
2021
61 d late
2020
68 d late
2019
90 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€133k▼ 9.2%
2023 · €147k
2018: €158k
2019: €152k
2020: €144k
2021: €142k
2022: €153k
2023: €147k
2018 → 2024
Total assets
€248k▲ 0.2%
2023 · €248k
2018: €326k
2019: €335k
2020: €320k
2021: €265k
2022: €272k
2023: €248k
2018 → 2024
Net result
€-2k▲ 72.5%
2023 · €-6k
2018: €12k
2019: €-5k
2020: €-8k
2021: €-2k
2022: €11k
2023: €-6k
2018 → 2024
Working capital
€-8k▲ 29.2%
2023 · €-11k
2018: €-34k
2019: €-43k
2020: €-38k
2021: €-30k
2022: €-9k
2023: €-11k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€144k-€142k▼ 1.6%€153k▲ 7.5%€147k▼ 3.8%€133k▼ 9.2%
Operating result€-4k-€14k€23k▲ 72.5%€487▼ 97.9%€5k▲ 957%
Net result€-8k-€-2k▲ 72.4%€11k€-6k€-2k▲ 72.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 957% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €248k
Fixed assets
€184k ▼ 2.0%
Current assets
€64k ▲ 6.8%
Equity and liabilities €248k
Equity
€133k ▼ 9.2%
Debt
€115k ▲ 13.9%
Debt's share of the balance-sheet total rises from 40.6% to 46.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€34k▲
2023 · €33k
Cash flow
€27k▲
2023 · €27k
Current ratio
0.89▲
2023 · 0.85
Quick ratio
0.77▼
2023 · 0.77
Debt to equity
0.86▲
2023 · 0.68
ROE
-1.2%▲
2023 · -3.9%
ROA
-0.6%▲
2023 · -2.3%
Interest coverage
7.38▼
2023 · 8.80
Debt ≤ 1 year
€72k▲
2023 · €71k
Debt > 1 year
€43k▲
2023 · €30k
Income taxes
€3k▼
2023 · €3k
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 · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€248k€248k▲
Fixed assets21/28€187k€184k▼
Tangible fixed assets22/27€187k€183k▼
Land and buildings22€109k€102k▼
Furniture and vehicles24€13k€57k▲
Leasing and similar rights25€46k€14k▼
Other tangible fixed assets26€19k€11k▼
Financial fixed assets28€270€270=
Current assets29/58€60k€64k▲
Stocks and contracts in progress3€6k€9k▲
Stocks30/36€6k€9k▲
Amounts receivable within one year40/41€47k€43k▼
Trade receivables40€28k€22k▼
Other amounts receivable41€20k€20k▲
Cash at bank and in hand54/58-€5k
Deferred charges and accrued income490/1€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€248k€248k▲
Equity10/15€147k€133k▼
Contributions10/11€30k€30k=
Reserves13€117k€103k▼
Distributable reserves133€117k€103k▼
Profit (loss) carried forward14€344€10▼
Amounts payable17/49€101k€115k▲
Amounts payable after more than one year17€30k€43k▲
Financial debts170/4€30k€43k▲
Amounts payable within one year42/48€71k€72k▲
Current portion of amounts payable after more than one year42€21k€21k▼
Financial debts43€6k€9k▲
Credit institutions430/8€6k€9k▲
Trade debts44€32k€37k▲
Suppliers440/4€32k€37k▲
Taxes, remuneration and social security45€9k€5k▼
Taxes450/3€9k€5k▼
Other amounts payable47/48€3k€38▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€29k▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€35k€38k▲
Operating profit (loss)9901€487€5k▲
Financial income75/76B€1k€953▼
Recurring financial income75€1k€953▼
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€-2k€1k▲
Income taxes67/77€3k€3k▼
Profit (loss) for the period9904€-6k€-2k▲
Profit (loss) for the period to be appropriated9905€-6k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-1k▲
Profit (loss) brought forward from the previous period14P€304€344▲
Transfer from equity791/2€6k€13k▲
Profit to be distributed694/7-€12k
Return on contributions (dividend)694-€12k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 120 days late
2023
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 106 days late
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after 3 loss-making years.
31-12
Financial
Equity above €150kEq €153k ▲7.5%
Equity rises from €142k to €153k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
07-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 68 days late
2020
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Destelbergen · 1 establishment unit since 1987
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.
Dendermondesteenweg 7169070 DestelbergenGround area
488 m²
Building footprint
142 m²
Volume, LiDAR
519 m³
Parcel 44333G0318/00N000, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VANCO
since 19872.029.933.450
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44333G0318/00N000 | Flanders | 488 m² | 1 · 142 m² | 7.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,220 EUR awarded · 1,220 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 53 EUR | 53 EUR |
| 2024 | 1 | 53 EUR | 516 EUR |
| 2023 | 1 | 1,029 EUR | 566 EUR |
| 2022 | 1 | 85 EUR | 85 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteDestelbergen2.029.933.450
Similar companies · same sector, comparable size
Aamage Corporation
BE 0763.375.845
Beveren-Kruibeke-Zwijndrecht · Eq €134,672
E.M.P. Company
BE 0414.003.918
Zwalm · Eq €131,528
KNOOPS
BE 0457.317.881
Oudsbergen · Eq €135,328
MCR
BE 0463.135.309
Schelle · Eq €130,322
Synergy Steel
BE 0748.838.020
Beveren-Kruibeke-Zwijndrecht · Eq €128,629
Of 413 companies in sector 46872 we hold annual accounts for 218. 126 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
Founded01-09-1987
Fiscal year end31-12
Activities, NACEBEL 2025
46872Wholesale trade
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.