VANEA CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of VANEA CONSTRUCT is 2.2% (moderate). The 2025 annual accounts show equity of €38k and a net result of €3k. Equity is growing by ~42% per year across the filed fiscal years. Its solvency ranks better than 88% of 7838 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability56▼-38
Solvency100▲+20
Growth67▼-17
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 5.07 against 2.44 in 2024; short-term debt: 19.4% and cash: 6.4% of total assets), and 19.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 28-11-2025, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
34 d early
2022
27 d early
2021
40 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 30-04-2026 and is due by 30-11-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-04-2026 close25-09-2026 today30-11-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€279k▼ 7.0%
2022 · €300k
2021: €197klowest in 3 years
2022: €300k▲ +52.2% vs 2021highest in 3 years
2023: €279k▼ -7.0% vs 2022
2021 → 2023
EBIT margin
3.3%▲ 0.8pp
2022 · 2.5%
2021: 6.3%highest in 3 years
2022: 2.5%▼ -60.5% vs 2021lowest in 3 years
2023: 3.3%▲ +30.7% vs 2022
2021 → 2023
Net result
€3k▼ 79.1%
2024 · €13k
2021: €10k
2022: €6k▼ -43.1% vs 2021
2023: €6k▲ +8.5% vs 2022
2024: €13k▲ +114% vs 2023highest in 5 years
2025: €3k▼ -79.1% vs 2024lowest in 5 years
2021 → 2025
Working capital
€37k▲ 0.4%
2024 · €37k
2021: €10klowest in 5 years
2022: €16k▲ +54.1% vs 2021
2023: €23k▲ +44.1% vs 2022
2024: €37k▲ +60.6% vs 2023
2025: €37k▲ +0.4% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€197k-€300k▲ 52.2%€279k▼ 7.0%
2021: €197klowest in 3 years
2022: €300k▲ +52.2% vs 2021highest in 3 years
2023: €279k▼ -7.0% vs 2022
Equity€10k-€16k▲ 54.1%€22k▲ 38.1%€35k▲ 59.1%€38k▲ 7.8%
2021: €10klowest in 5 years
2022: €16k▲ +54.1% vs 2021
2023: €22k▲ +38.1% vs 2022
2024: €35k▲ +59.1% vs 2023
2025: €38k▲ +7.8% vs 2024highest in 5 years
Operating result€12k-€7k▼ 39.9%€9k▲ 21.6%€9k▼ 2.1%€9k▲ 0.4%
2021: €12khighest in 5 years
2022: €7k▼ -39.9% vs 2021lowest in 5 years
2023: €9k▲ +21.6% vs 2022
2024: €9k▼ -2.1% vs 2023
2025: €9k▲ +0.4% vs 2024
Net result€10k-€6k▼ 43.1%€6k▲ 8.5%€13k▲ 114%€3k▼ 79.1%
2021: €10k
2022: €6k▼ -43.1% vs 2021
2023: €6k▲ +8.5% vs 2022
2024: €13k▲ +114% vs 2023highest in 5 years
2025: €3k▼ -79.1% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47k
Fixed assets
€724 ▼ 26.1%
Current assets
€46k ▼ 26.1%
Equity and liabilities €47k
Equity
€38k ▲ 7.8%
Debt
€9k ▼ 67.9%
Debt's share of the balance-sheet total falls from 44.8% to 19.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9k▲
2024 · €9k
Cash flow
€3k▼
2024 · €13k
Current ratio
5.07▲
2024 · 2.44
Debt to equity
0.24▼
2024 · 0.81
ROE
7.2%▼
2024 · 37.1%
ROA
5.8%▼
2024 · 20.5%
Interest coverage
3.64▼
2024 · 10.49
Debt ≤ 1 year
€9k▼
2024 · €26k
Income taxes
€4k▼
2024 · €4k
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€63k€47k▼
Fixed assets21/28€980€724▼
Tangible fixed assets22/27€980€724▼
Plant, machinery and equipment23€980€724▼
Current assets29/58€62k€46k▼
Amounts receivable within one year40/41€44k€42k▼
Trade receivables40€27k€25k▼
Other amounts receivable41€16k€17k▲
Cash at bank and in hand54/58€18k€3k▼
Deferred charges and accrued income490/1€756€756=
Equity and liabilities
Total equity and liabilities10/49€63k€47k▼
Equity10/15€35k€38k▲
Contributions10/11€500€500=
Profit (loss) carried forward14€35k€37k▲
Amounts payable17/49€28k€9k▼
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€26k€9k▼
Current portion of amounts payable after more than one year42€11k€5k▼
Trade debts44€11k€2k▼
Suppliers440/4€11k€2k▼
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€2k€3k▲
Remuneration and social security454/9€1k€130▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€255€255=
Other operating charges640/8€24k€955▼
Gross operating margin9900€33k€10k▼
Operating profit (loss)9901€9k€9k▲
Financial income75/76B€9k-
Recurring financial income75€9k-
Non-recurring financial income76B€9k-
Financial charges65/66B€871€3k▲
Recurring financial charges65€871€3k▲
Profit (loss) for the period before taxes9903€17k€6k▼
Income taxes67/77€4k€4k▼
Profit (loss) for the period9904€13k€3k▼
Profit (loss) for the period to be appropriated9905€13k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€35k€37k▲
Profit (loss) brought forward from the previous period14P€22k€35k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €197k | €300k | €279k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €292k | €266k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €2k | €255 | €255 | = |
| Other operating charges640/8 | - | €757 | €1k | €24k | €955 | ▼ 96.0% |
| Gross operating margin9900 | €13k | €8k | €13k | €33k | €10k | ▼ 69.4% |
| Operating profit (loss)9901 | €12k | €7k | €9k | €9k | €9k | ▲ 0.4% |
| Financial income75/76B | - | - | - | €9k | - | - |
| Recurring financial income75 | - | - | - | €9k | - | - |
| Non-recurring financial income76B | - | - | - | €9k | - | - |
| Financial charges65/66B | - | €268 | €1k | €871 | €3k | ▲ 190% |
| Recurring financial charges65 | €54 | €268 | €1k | €871 | €3k | ▲ 190% |
| Profit (loss) for the period before taxes9903 | €12k | €7k | €8k | €17k | €6k | ▼ 62.1% |
| Income taxes67/77 | €3k | €2k | €2k | €4k | €4k | ▼ 5.8% |
| Profit (loss) for the period9904 | €10k | €6k | €6k | €13k | €3k | ▼ 79.1% |
| Profit (loss) for the period to be appropriated9905 | €10k | €6k | €6k | €13k | €3k | ▼ 79.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19k | €21k | €70k | €63k | €47k | ▼ 26.1% |
| Fixed assets21/28 | - | - | €24k | €980 | €724 | ▼ 26.1% |
| Tangible fixed assets22/27 | - | - | €24k | €980 | €724 | ▼ 26.1% |
| Plant, machinery and equipment23 | - | - | €1k | €980 | €724 | ▼ 26.1% |
| Furniture and vehicles24 | - | - | €22k | - | - | - |
| Current assets29/58 | €19k | €21k | €46k | €62k | €46k | ▼ 26.1% |
| Amounts receivable within one year40/41 | €9k | €18k | €42k | €44k | €42k | ▼ 3.5% |
| Trade receivables40 | - | €9k | €37k | €27k | €25k | ▼ 9.5% |
| Other amounts receivable41 | - | €9k | €5k | €16k | €17k | ▲ 6.5% |
| Cash at bank and in hand54/58 | €10k | €3k | €4k | €18k | €3k | ▼ 83.0% |
| Deferred charges and accrued income490/1 | - | - | - | €756 | €756 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19k | €21k | €70k | €63k | €47k | ▼ 26.1% |
| Equity10/15 | €10k | €16k | €22k | €35k | €38k | ▲ 7.8% |
| Contributions10/11 | - | €500 | €500 | €500 | €500 | = |
| Profit (loss) carried forward14 | €10k | €15k | €22k | €35k | €37k | ▲ 7.9% |
| Amounts payable17/49 | €9k | €5k | €48k | €28k | €9k | ▼ 67.9% |
| Amounts payable after more than one year17 | - | - | €25k | €3k | - | - |
| Financial debts170/4 | - | - | €25k | €3k | - | - |
| Amounts payable within one year42/48 | €9k | €5k | €23k | €26k | €9k | ▼ 64.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11k | €5k | ▼ 58.3% |
| Trade debts44 | €870 | €663 | €10k | €11k | €2k | ▼ 82.7% |
| Suppliers440/4 | - | €663 | €426 | €11k | €2k | ▼ 82.7% |
| Bills of exchange payable441 | - | - | €9k | - | - | - |
| Taxes, remuneration and social security45 | - | €4k | €13k | €4k | €3k | ▼ 28.0% |
| Taxes450/3 | - | €1k | €817 | €2k | €3k | ▲ 3.7% |
| Remuneration and social security454/9 | - | €3k | €13k | €1k | €130 | ▼ 89.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €6k | €6k | €13k | €3k | ▼ 79.1% |
| + Depreciation and write-downs630 | - | - | €2k | €255 | €255 | = |
| Operating cash flow (approximation) | €10k | €6k | €9k | €13k | €3k | ▼ 77.6% |
| Investment in fixed assets (approximation) | - | - | - | €22k | €0 | ▼ 100% |
| Change in cash | - | €-7k | €1k | €14k | €-15k | ▼ 208% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-04
Financial
Weakest financial yearnet €3k ▼79.1%
Net result drops to €3k, the lowest in the series.
30-04
Financial
Liquidity doublescurrent ratio 5.07
Current ratio from 2.44 to 5.07; short-term debt falls from €26k to €9k.
2024
30-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-04
Financial
Highest result since 2021net €13k ▲114%
Net result €13k, the highest in the series.
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Ternat · 1 establishment unit since 2020
Ground area
378 m²
Building footprint
283 m²
Volume, LiDAR
1,636 m³
Parcel 23086A0347/00R005, Flanders · tallest building 12.4 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
VANEA CONSTRUCT
since 20202.305.963.776
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086A0347/00R005 | Flanders | 378 m² | 1 · 283 m² | 12.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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 751 companies in sector 43422 we hold annual accounts for 424. 332 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-06-2020
Fiscal year end30-04
Activities, NACEBEL 2025
43422Screed work
41001General construction of residential buildings
43410Roofing work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.