VANDEGAR Technical Services
VANDEGAR Technical Services has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €162k and a net result of €37k. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 56% of 1165 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
| Equity | €162k |
| Net result | €37k |
| Better than sector | 56% |
| Active | 15 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 61.0% | 55.2% | |
| Net result | €37k | €23k | |
| Equity | €162k | €51k | |
| Gross operating margin | €66k | €43k | |
| Total assets | €265k | €106k |
Figures by fiscal year and ratios
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | +198.4% | +28.7% | - |
| Net profit | +425.2% | +106.6% | - |
| Cash flow | +216.0% | +35.5% | - |
| Staff costs | - | - | - |
| Income taxes | +377.4% | +71.9% | - |
| Dividends | - | - | - |
| Total assets | +5.2% | -4.0% | - |
| Equity | +29.6% | +6.0% | - |
| Debt | -18.8% | -12.2% | - |
| of which ≤ 1y | -16.3% | -3.3% | - |
| of which > 1y | -27.6% | -32.0% | - |
| Working capital | +43.3% | -7.2% | - |
| Employees (FTE) | - | - | - |
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 0.42 | 0.14 | 0.23 |
| Quick ratio | 0.42 | 0.14 | 0.11 |
| Working capital ratio | -17.5% | -32.4% | -29.0% |
| Solvency | 61.0% | 49.5% | 44.9% |
| Debt / equity | 0.64 | 1.02 | 1.23 |
| Long-term debt ratio | 0.14 | 0.24 | 0.38 |
| Interest coverage | 8.85 | 4.34 | 3.38 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 14.0% | 2.8% | 1.3% |
| ROE | 22.9% | 5.6% | 2.9% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €265k | €252k | €262k |
| Fixed assets | 21/28 | €231k | €238k | €240k |
| Tangible fixed assets | 22/27 | €76k | €83k | €90k |
| Financial fixed assets | 28 | €155k | €155k | €150k |
| Current assets | 29/58 | €33k | €13k | €22k |
| Stocks & contracts in progress | 3 | - | - | €12k |
| Amounts receivable within one year | 40/41 | €7k | €13k | €10k |
| Cash & bank | 54/58 | €27k | - | €230 |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €265k | €252k | €262k |
| Equity | 10/15 | €162k | €125k | €118k |
| Contributions / capital | 10/11 | €10k | €10k | €10k |
| Reserves | 13 | €12k | €12k | €12k |
| Accumulated profits (losses) | 14 | €140k | €103k | €96k |
| Amounts payable | 17/49 | €103k | €127k | €145k |
| Amounts payable after one year | 17 | €22k | €30k | €45k |
| Amounts payable within one year | 42/48 | €80k | €95k | €98k |
| Trade debts payable within one year | 44 | €2k | €3k | €2k |
| Income statement | ||||
| Gross operating margin | 9900 | €66k | €35k | €18k |
| Operating result | 9901 | €58k | €15k | €10k |
| Financial income | 75 | - | - | €0 |
| Financial charges | 65 | €7k | €5k | €5k |
| Result before taxes | 9903 | €51k | €10k | €5k |
| Income taxes | 67/77 | €14k | €3k | €2k |
| Net result for the period | 9904 | €37k | €7k | €3k |
| Result to be appropriated | 9905 | €37k | €7k | €3k |
Former directors (1)
-
Benoît BOONENDirectorState Gazette act 23029568 (01-03-2023)Former- → 01-03-2022
| NACE primary | Engineering and related technical consultancy, excluding land surveyors(71121) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 24-06-2011 |
| Status | Active |
| Postal code | 4620 |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
01-03-2023 Benoît BOONEN resigns as director
- Benoît BOONEN, Bestuurder
Technical details
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}| Legal nameFR | VANDEGAR Technical Services |