Losses
-€43,612 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
VAmano
Lifetime
19 annual accounts with figures on one time axispeak €347,139 (2017)
€295,240▼ 1.9%
lowest -€148,601 (2012)
-€14,119▲ €15,374
peak €2.7m (2024)
€2.7m▼ 0.5%
€2.1m▲ 10.0%
Board4 names since 2018
3 directorsAnne VANHEULE and 2 others
Documentsfilings and deeds
05-10-202666 days late
2025abbreviated format
Loss of €14,119Investments €430,295Cash from €53,863 to €29,043
Key points
from the 2025 annual accountsInvestments
€430,295 2.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 10.4% higher than in 2024.
Filings
19 annual accounts 66 days
Latest accounts filed late: after the legal deadline.
Checked score
89
Excellent
Financially stronger than 50% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: 0.1%▲ +0.1 percentage points vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.3%▲ +0.1 percentage points vs 08-2025
10-2025: 0.5%▲ +0.2 percentage points vs 09-2025
11-2025: 0.6%▲ +0.1 percentage points vs 10-2025highest value
12-2025: 0.2%▼ -0.4 percentage points vs 11-2025
01-2026: 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: 0.2%▲ +0.1 percentage points vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.5%▲ +0.2 percentage points vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.2%▼ -0.3 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 66 days late; 2 of the last 3 accounts late
Liquidity: current ratio 0.03, cash €29,043
lowers risk
Size: total assets €4.8m
Figures for financial year 2025 (filed on 06-10-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 73% of them on solvency, 33% on liquidity, 53% on profitability and 40% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,686 companies had the same profile as VAmano has now. Each dot stands for 7 companies, two years later.
93.7%
were still trading
5.4%
stopped another way
0.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VAmano itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,686 companies, not a prediction for VAmano. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €240,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.03 (0.07 in 2024), below 1. Short-term debt is 28.4% and cash 0.6% of total assets. 43.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 66 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-10-2026, 66 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
66 days late
2024
117 days late
2023
44 days early
2022
25 days early
2021
20 days early
2020
17 days early
2019
26 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 15 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 July (4 of the last 5 accounts filed within 86 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Marc VANDENBROUCKE 2,272 sharesdeed of 10-10-2024
- Anne VANHEULE 2,273 sharesdeed of 10-10-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0885745008
Capital increase of €2,400,000 to €2,468,000
Capital from €68,000 to €2,468,000, 4,545 new shares · Capital contribution: apport en nature, 01-10-2024 · General meeting of 01-10-2024 · Gazette deed
3 directors appointed
Marc VANDENBROUCKE, Anne VANHEULE and Noémie VANDENBROUCKE · General meeting of 02-08-2023 · Gazette deed
Resignations & appointments
Director in office: Marc Vandenbroucke (managing director) · Director in office: Anne Vanheule (managing director) · General meeting of 30-06-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VAmano Mouscron | €4.8m | €295,240 | 56.1% | - |
| KIEVITPLEIN G Brussels | €4.7m | €246,918 | 97.4% | - |
| QUARES REAL ESTATE INVESTMENT MANAGEMENT Antwerp | €4.4m | €257,756 | 5.1% | 1.8 |
| MERCURE.T Kapellen | €4.1m | €322,646 | 11.3% | - |
| IMMO CREVAN Zwevegem | €4.8m | €413,510 | 1.4% | - |
| CENSIE Ninove | €5.5m | €363,723 | 30.7% | - |
| KES-Projects Tremelo | €4.0m | €229,513 | 20.6% | 0 |
These companies have the same main activity as VAmano: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €4m and €5.5m, founded between 2005 and 2008.
Official details
Source: KBO- Status
- Active since 18-12-2006Normal situation
- Activity
- Buying and selling of own real estateNACE 68110
- Establishment unit
- 2.158.227.3337700 Mouscron, since 02-01-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 07-01-2026
Insights on VAmano
VAmano files the abbreviated format. That format states no turnover. The gross margin rose from €56,066 in 2007 to €295,240 in 2025.
The balance sheet grew most from 2011 to 2013 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VAmano
- What is the company number of VAmano?
- The company number of VAmano is 0885.745.008. The VAT number is the same number with BE in front: BE 0885.745.008.
- Where is VAmano based?
- The registered office is at Twaalfde Liniestraat 5, 7700 Mouscron.Company details
- What does VAmano do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of VAmano?
- VAmano is a public limited company (NV).
- When was VAmano founded?
- VAmano was founded on 18-12-2006.
- Is VAmano still active?
- Yes, VAmano is an active enterprise in the KBO register.
- What is the turnover of VAmano?
- The turnover in financial year 2025 is ≈ €520,000. This figure is estimated from the gross margin of €295,240 and 40 comparable companies (NACE 681). It probably lies between €390,000 and €860,000.Financials
- Is VAmano profitable?
- In financial year 2025, VAmano made a loss of €14,119.
- Where can I find the annual accounts of VAmano?
- VAmano filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VAmano due?
- VAmano must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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