VANDRE
ActiveVANDRE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €324k and a net result of €61k. Equity is growing by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 17% of 5487 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 5487 sector peers (2025).
NBB · sector comparisonPosition among 5487 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
8 d early
2024
25 d late
2023
29 d late
2022
7 d early
2021
17 d late
2020
27 d late
2019
60 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€324k▼ 3.7%
2024 · €336k
2019: €49k
2020: €85k
2021: €175k
2022: €248k
2023: €291k
2024: €336k
2019 → 2025
Net result
€61k▲ 30.7%
2024 · €46k
2019: €36k
2020: €37k
2021: €92k
2022: €68k
2023: €44k
2024: €46k
2019 → 2025
Total assets
€2.08M▲ 3.5%
2024 · €2.01M
2019: €130k
2020: €191k
2021: €284k
2022: €366k
2023: €383k
2024: €2.01M
2019 → 2025
Solvency
15.6%▼ 1.2pp
2024 · 16.8%
2019: 37.3%
2020: 44.3%
2021: 61.4%
2022: 67.7%
2023: 76.0%
2024: 16.8%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€175k-€248k▲ 41.8%€291k▲ 17.5%€336k▲ 15.6%€324k▼ 3.7%
Operating result€133k-€84k▼ 36.4%€60k▼ 29.2%€68k▲ 14.3%€90k▲ 32.0%
Net result€92k-€68k▼ 26.3%€44k▼ 34.7%€46k▲ 5.1%€61k▲ 30.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 32% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.08M
Fixed assets
€1.41M▼ 27.1%
Current assets
€669k▲ 805%
Equity and liabilities €2.08M
Equity
€324k▼ 3.7%
Debt
€1.75M▲ 5.0%
The debt ratio rises from 83.2% to 84.4%: debt grows while equity shrinks.
Key figures and ratios
Solvency
15.6%▼
2024 · 16.8%
ROE
18.7%▲
2024 · 13.8%
ROA
2.9%▲
2024 · 2.3%
Debt
€1.75M▲
2024 · €1.67M
Debt ≤ 1 year
€1.75M▲
2024 · €1.67M
Income taxes
€29k▲
2024 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.01M€2.08M▲
Fixed assets21/28€1.93M€1.41M▼
Tangible fixed assets22/27€282k€208k▼
Plant, machinery and equipment23€4k€1k▼
Furniture and vehicles24€77k€55k▼
Other tangible fixed assets26€201k€151k▼
Financial fixed assets28€1.65M€1.20M▼
Current assets29/58€74k€669k▲
Amounts receivable within one year40/41€24k€58k▲
Trade receivables40€19k€23k▲
Other amounts receivable41€5k€35k▲
Current investments50/53€10k€10k=
Cash at bank and in hand54/58€37k€593k▲
Deferred charges and accrued income490/1€2k€8k▲
Equity and liabilities
Total equity and liabilities10/49€2.01M€2.08M▲
Equity10/15€336k€324k▼
Contributions10/11€19k€19k=
Reserves13€318k€305k▼
Distributable reserves133€318k€305k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€1.67M€1.75M▲
Amounts payable within one year42/48€1.67M€1.75M▲
Trade debts44€748€2k▲
Suppliers440/4€748€2k▲
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45€7k€13k▲
Taxes450/3€7k€13k▲
Other amounts payable47/48€1.66M€1.73M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€51k▼
Other operating charges640/8€513€528▲
Gross operating margin9900€122k€141k▲
Operating profit (loss)9901€68k€90k▲
Financial charges65/66B€189€302▲
Recurring financial charges65€189€302▲
Profit (loss) for the period before taxes9903€68k€90k▲
Income taxes67/77€22k€29k▲
Profit (loss) for the period9904€46k€61k▲
Profit (loss) for the period to be appropriated9905€46k€61k▲
Appropriation of the result
Profit (loss) to be appropriated9906€46k€61k▲
Transfer from equity791/2-€72k
Transfer to equity691/2€45k€60k▲
To other reserves6921€45k€60k▲
Profit to be distributed694/7€833€73k▲
Return on contributions (dividend)694€833€73k▲
The notes to these accounts (11 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €248k ▲41.8%
4 profitable years in a row build equity to €248k.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 17 days late
2021
31-12
Financial
Highest result since 2019net €92k ▲150%
Operating result €133k, net result €92k, both a record.
31-12
Financial
Equity above €150kEq €175k ▲107%
3 profitable years in a row build equity to €175k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Ledegem · 1 establishment unit since 2018
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.
Steenbeekpad 88880 LedegemGround area
2,641 m²
Building footprint
79 m²
Volume, LiDAR
259 m³
Parcel 36018A0886/00C000, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Steenbeekpad 8, 8880 Ledegem
since 20182.384.795.676
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36018A0886/00C000 | Flanders | 2,641 m² | 1 · 79 m² | 6.3 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.
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Of 24,640 companies in sector 64210 we hold annual accounts for 19,689. 13,723 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-04-2018
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.