VAN CONVERSION
ActiveSummary
VAN CONVERSION has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €79,504 and a net result of €24,440. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 25% of 85 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▲+16
Solvency45▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.1 in 2023; short-term debt: 79.8% and cash: 1.4% of total assets), and 79.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Manufacture of motor vehicles, trailers and semi-trailers (NACE 29)
about 8% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
20.2%
Return on assets
6.2%
Age of the figures
21 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 85 sector peers (2024).
NBB · sector comparisonPosition among 85 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-07-2025, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
25 d early
2023
34 d early
2022
13 d early
2021
18 d early
2020
15 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#10 company by total assets in Stavelot, Manufacturing sector
Turnover
€0
2018 · €0
EBIT margin
Not included in this filing
Net result
€24,440▲ 963%
2023 · €2,298
Working capital
€62,304▲ 61.3%
2023 · €38,627
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result€17,281▼ 60.0%-€12,699€3,560€6,773▲ 90.3%€35,569▲ 425%
Net result€12,225▼ 60.5%-€13,307€56€2,298▲ 3,994%€24,440▲ 963%
Equity€66,017▲ 22.7%€52,710▼ 20.2%€52,767▲ 0.1%€55,065▲ 4.4%€79,504▲ 44.4%
Total assets€140,985▼ 52.7%€145,685▲ 3.3%€381,315▲ 162%€432,865▲ 13.5%€393,615▼ 9.1%
Debt€74,968▼ 69.3%€92,975▲ 24.0%€328,548▲ 253%€377,800▲ 15.0%€314,111▼ 16.9%
Working capital€49,563▲ 64.1%€28,460▼ 42.6%€36,172▲ 27.1%€38,627▲ 6.8%€62,304▲ 61.3%
Staff (FTE)1.6▼ 15.8%2▲ 25.0%2=2=1.3▼ 35.0%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 425% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €393,615
Fixed assets
€17,200 ▼ 17.9%
Current assets
€376,415 ▼ 8.6%
Equity and liabilities €393,615
Equity
€79,504 ▲ 44.4%
Debt
€314,111 ▼ 16.9%
Debt's share of the balance-sheet total falls from 87.3% to 79.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39,319▲
2023 · €11,773
Cash flow
€28,190▲
2023 · €7,298
Current ratio
1.20▲
2023 · 1.10
Quick ratio
1.13▲
2023 · 0.77
Debt to equity
3.95▼
2023 · 6.86
ROE
30.7%▲
2023 · 4.2%
ROA
6.2%▲
2023 · 0.5%
Interest coverage
14.13▲
2023 · 5.04
Debt ≤ 1 year
€314,111▼
2023 · €373,287
Income taxes
€8,843▲
2023 · €2,138
Staff costs
€59,770▼
2023 · €87,244
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €78,458 | €75,184 | €87,244 | €59,770 | ▼ 31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,000 | €5,000 | €5,000 | €5,000 | €3,750 | ▼ 25.0% |
| Other operating charges640/8 | - | €680 | €1,830 | €1,191 | €1,194 | ▲ 0.2% |
| Gross operating margin9900 | €86,871 | €71,438 | €85,574 | €100,208 | €100,283 | ▲ 0.1% |
| Operating profit (loss)9901 | €17,281 | -€12,699 | €3,560 | €6,773 | €35,569 | ▲ 425% |
| Financial income75/76B | - | €0 | - | €0 | €498 | ▲ 199,088% |
| Recurring financial income75 | €0 | €0 | - | €0 | €498 | ▲ 199,088% |
| Financial charges65/66B | - | €386 | €3,018 | €2,337 | €2,784 | ▲ 19.1% |
| Recurring financial charges65 | €149 | €386 | €3,018 | €2,337 | €2,784 | ▲ 19.1% |
| Profit (loss) for the period before taxes9903 | €17,131 | -€13,084 | €542 | €4,436 | €33,283 | ▲ 650% |
| Income taxes67/77 | €4,907 | €222 | €486 | €2,138 | €8,843 | ▲ 314% |
| Profit (loss) for the period9904 | €12,225 | -€13,307 | €56 | €2,298 | €24,440 | ▲ 963% |
| Profit (loss) for the period to be appropriated9905 | €12,225 | -€13,307 | €56 | €2,298 | €24,440 | ▲ 963% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €140,985 | €145,685 | €381,315 | €432,865 | €393,615 | ▼ 9.1% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €18,750 | €24,250 | €19,250 | €20,950 | €17,200 | ▼ 17.9% |
| Intangible fixed assets21 | €18,750 | €13,750 | €8,750 | €3,750 | €0 | ▼ 100% |
| Financial fixed assets28 | - | €10,500 | €10,500 | €17,200 | €17,200 | = |
| Current assets29/58 | €122,235 | €121,435 | €362,065 | €411,915 | €376,415 | ▼ 8.6% |
| Stocks and contracts in progress3 | €24,751 | €27,793 | €229,770 | €123,170 | €22,252 | ▼ 81.9% |
| Stocks30/36 | - | €27,793 | €193,270 | €97,199 | €22,252 | ▼ 77.1% |
| Contracts in progress37 | - | - | €36,500 | €25,970 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €87,840 | €85,825 | €102,822 | €283,642 | €183,512 | ▼ 35.3% |
| Trade receivables40 | - | €84,911 | €102,544 | €283,642 | €169,706 | ▼ 40.2% |
| Other amounts receivable41 | - | €914 | €278 | - | €13,806 | - |
| Current investments50/53 | - | - | - | - | €165,000 | - |
| Cash at bank and in hand54/58 | €9,643 | €4,067 | €28,703 | €4,339 | €5,651 | ▲ 30.2% |
| Deferred charges and accrued income490/1 | - | €3,750 | €770 | €763 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €140,985 | €145,685 | €381,315 | €432,865 | €393,615 | ▼ 9.1% |
| Equity10/15 | €66,017 | €52,710 | €52,767 | €55,065 | €79,504 | ▲ 44.4% |
| Contributions10/11 | - | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Reserves13 | €6,000 | €0 | - | - | €15,000 | - |
| Distributable reserves133 | - | €0 | - | - | €15,000 | - |
| Profit (loss) carried forward14 | €17 | -€7,290 | -€7,233 | -€4,935 | €4,504 | ▲ 191% |
| Amounts payable17/49 | €74,968 | €92,975 | €328,548 | €377,800 | €314,111 | ▼ 16.9% |
| Amounts payable within one year42/48 | €72,672 | €92,975 | €325,892 | €373,287 | €314,111 | ▼ 15.9% |
| Trade debts44 | €60,817 | €72,411 | €147,279 | €302,460 | €29,048 | ▼ 90.4% |
| Suppliers440/4 | - | €72,411 | €147,279 | €302,460 | €29,048 | ▼ 90.4% |
| Advances received on contracts in progress46 | - | - | €73,500 | - | €251,097 | - |
| Taxes, remuneration and social security45 | - | €20,564 | €13,863 | €15,828 | €27,211 | ▲ 71.9% |
| Taxes450/3 | - | €14,792 | €5,647 | €7,268 | €23,670 | ▲ 226% |
| Remuneration and social security454/9 | - | €5,772 | €8,216 | €8,559 | €3,542 | ▼ 58.6% |
| Other amounts payable47/48 | - | €0 | €91,250 | €55,000 | €6,755 | ▼ 87.7% |
| Accrued charges and deferred income492/3 | - | €0 | €2,655 | €4,512 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,225 | -€13,307 | €56 | €2,298 | €24,440 | ▲ 963% |
| + Depreciation and write-downs630 | €5,000 | €5,000 | €5,000 | €5,000 | €3,750 | ▼ 25.0% |
| Operating cash flow (approximation) | €17,225 | -€8,307 | €5,056 | €7,298 | €28,190 | ▲ 286% |
| Investment in fixed assets (approximation) | - | -€10,500 | €0 | -€6,700 | €0 | ▲ 100% |
| Change in cash | - | -€5,576 | €24,636 | -€24,363 | €1,311 | ▲ 105% |
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
2025
06-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €56
Net result €56 after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€13,307
Net result drops to -€13,307, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
13-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
13 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, Stavelot · 1 establishment unit since 2014
Ground area
4,536 m²
Building footprint
847 m²
Volume, LiDAR
5,946 m³
Parcel 63027B0719/00A008, Wallonia · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
VAN CONVERSION
since 20142.237.705.965
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63027B0719/00A008 | Wallonia | 4,536 m² | 1 · 847 m² | 9.5 m · 2 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 248 companies in sector 29201 we hold annual accounts for 120. 75 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
Founded17-11-2014
Fiscal year end31-12
Activities, NACEBEL 2025
29201Manufacture of motor vehicles, trailers and semi-trailers
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95319Other maintenance and repair of motor vehicles
Scores and ratios are computed by Checked and are not a credit decision.