Vanotex
ActiveVanotex has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.16M and a net result of €419k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 66% of 153 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▼-12
Solvency100=
Growth58=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €390k at 30 days acceptable
Liquidity ample (current ratio 2.09 against 2.09 in 2024), and 32.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Sector 13
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67.9%
Return on assets
6.8%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €4.2M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
19 d late
2023
20 d early
2022
12 d early
2021
24 d late
2020
8 d early
2019
31 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€419k▼ 14.0%
2024 · €487k
2018: €25k
2019: €52k
2020: €16k
2021: €90k
2022: €121k
2023: €273k
2024: €487k
2018 → 2025
Working capital
€808k▲ 20.3%
2024 · €671k
2018: €516k
2019: €615k
2020: €669k
2021: €772k
2022: €682k
2023: €557k
2024: €671k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.51M-€3.85M▼ 14.8%€3.66M▼ 4.9%€3.94M▲ 7.8%€4.16M▲ 5.5%
Operating result€156k-€179k▲ 14.3%€458k▲ 156%€509k▲ 11.2%€691k▲ 35.7%
Net result€90k-€121k▲ 34.7%€273k▲ 126%€487k▲ 78.1%€419k▼ 14.0%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 36% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.13M
Fixed assets
€4.57M▲ 3.4%
Current assets
€1.55M▲ 20.6%
Equity and liabilities €6.13M
Equity
€4.16M▲ 5.5%
Debt
€1.96M▲ 11.1%
The debt ratio rises from 31.0% to 32.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€791k▲
2024 · €583k
Cash flow
€519k▼
2024 · €561k
Solvency
67.9%▼
2024 · 69.0%
Current ratio
2.09▼
2024 · 2.09
Quick ratio
1.70▲
2024 · 1.66
Debt / equity
0.47▲
2024 · 0.45
ROE
10.1%▼
2024 · 12.3%
ROA
6.8%▼
2024 · 8.5%
Interest coverage
12.59▲
2024 · 11.26
Debt
€1.96M▲
2024 · €1.77M
Debt ≤ 1 year
€744k▲
2024 · €615k
Debt > 1 year
€1.22M▲
2024 · €1.15M
Income taxes
€209k▲
2024 · €-30k
Staff costs
€599k▲
2024 · €512k
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€5.71M€6.13M▲
Fixed assets21/28€4.42M€4.57M▲
Tangible fixed assets22/27€3.90M€4.05M▲
Land and buildings22€3.17M€3.14M▼
Plant, machinery and equipment23€726k€903k▲
Furniture and vehicles24€8k€6k▼
Financial fixed assets28€520k€520k=
Current assets29/58€1.29M€1.55M▲
Stocks and contracts in progress3€266k€286k▲
Stocks30/36€266k€286k▲
Amounts receivable within one year40/41€456k€480k▲
Trade receivables40€220k€316k▲
Other amounts receivable41€236k€164k▼
Cash at bank and in hand54/58€564k€786k▲
Equity and liabilities
Total equity and liabilities10/49€5.71M€6.13M▲
Equity10/15€3.94M€4.16M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12€3.37M€3.37M=
Reserves13€40k€40k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€7k€7k=
Distributable reserves133€27k€27k=
Profit (loss) carried forward14€473k€691k▲
Amounts payable17/49€1.77M€1.96M▲
Amounts payable after more than one year17€1.15M€1.22M▲
Financial debts170/4€1.15M€1.22M▲
Amounts payable within one year42/48€615k€744k▲
Current portion of amounts payable after more than one year42€133k€154k▲
Financial debts43€92k€92k=
Credit institutions430/8€92k€92k=
Trade debts44€163k€184k▲
Suppliers440/4€163k€184k▲
Taxes, remuneration and social security45€27k€34k▲
Remuneration and social security454/9€27k€34k▲
Other amounts payable47/48€200k€280k▲
Income statement
Code20242025
Remuneration, social security and pensions62€512k€599k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€100k▲
Other operating charges640/8€28k€28k▲
Gross operating margin9900€1.12M€1.42M▲
Operating profit (loss)9901€509k€691k▲
Financial income75/76B-€196
Recurring financial income75-€196
Financial charges65/66B€52k€63k▲
Recurring financial charges65€52k€63k▲
Profit (loss) for the period before taxes9903€457k€628k▲
Income taxes67/77€-30k€209k▲
Profit (loss) for the period9904€487k€419k▼
Profit (loss) for the period to be appropriated9905€487k€419k▼
Appropriation of the result
Profit (loss) to be appropriated9906€673k€891k▲
Profit (loss) brought forward from the previous period14P€186k€473k▲
Profit to be distributed694/7€200k€200k=
Return on contributions (dividend)694€80k€200k▲
Directors or managers695€120k-
Social balance
Average headcount (FTE)908710.812.7▲
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 25 days late
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 19 days late
2024
31-12
Financial
Highest result since 2018net €487k ▲78.1%
Net result €487k, the highest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €16k ▼69.3%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
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, Deinze · 1 establishment unit since 1975
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.
Filliersdreef 439800 DeinzeGround area
1.7 ha
Building footprint
4,231 m²
Volume, LiDAR
24,588 m³
Parcel 44006C0182/00B000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Filliersdreef 43, 9800 Deinze
since 19752.012.477.410
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44006C0182/00B000 | Flanders | 1.7 ha | 1 · 4,231 m² | 7.7 m · 2 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 · 12 entries · 412,833 EUR awarded · 301,425 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 5 | 163,181 EUR | 114,314 EUR |
| 2024 | 1 | 3,915 EUR | 3,915 EUR |
| 2023 | 4 | 231,170 EUR | 168,629 EUR |
| 2022 | 2 | 14,567 EUR | 14,567 EUR |
Schemes
Ontwikkelingsproject
Call groene stroom (stopgezet)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidies voor internationaal ondernemen
Individueel Maatwerk
Show 1 more
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
ALPANI
BE 0417.269.155
Ronse · Eq €3.98M
MAES MATTRESS TICKING
BE 0459.055.072
Zwevegem · Eq €3.91M
CLARYSSEWEB
BE 0440.157.888
Wielsbeke · Eq €4.49M
GAVER INVEST
BE 0405.450.694
Deerlijk · Eq €3.68M
MUVANTEX
BE 0416.636.279
Deerlijk · Eq €4.73M
Of 136 companies in sector 13200 we hold annual accounts for 84. 60 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-06-1975
Fiscal year end31-12
Activities, NACEBEL
13200Manufacture of textiles
17250
37200
38210Materials recovery from waste
38323Waste collection, recovery and disposal activities
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.