Van San
ActiveSummary
Van San has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €153k and a net result of €-25k. Equity is shrinking by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 82% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability3▼-5
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 30.91 against 48.07 in 2024; short-term debt: 3.1% and cash: 87.2% of total assets), and 23.2% 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 · 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 →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-25k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
16 d late
2023
1 d early
2022
on the day
2021
20 d late
2020
30 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€153k▼ 13.9%
2024 · €177k
2018: €270k
2019: €261k▼ -3.1% vs 2018
2020: €278k▲ +6.4% vs 2019
2021: €279k▲ +0.3% vs 2020highest in 8 years
2022: €239k▼ -14.3% vs 2021
2023: €198k▼ -17.3% vs 2022
2024: €177k▼ -10.3% vs 2023
2025: €153k▼ -13.9% vs 2024lowest in 8 years
2018 → 2025
Total assets
€199k▼ 12.3%
2024 · €227k
2018: €635khighest in 8 years
2019: €576k▼ -9.2% vs 2018
2020: €601k▲ +4.2% vs 2019
2021: €340k▼ -43.4% vs 2020
2022: €299k▼ -12.2% vs 2021
2023: €251k▼ -15.9% vs 2022
2024: €227k▼ -9.7% vs 2023
2025: €199k▼ -12.3% vs 2024lowest in 8 years
2018 → 2025
Net result
€-25k▼ 21.2%
2024 · €-20k
2018: €64khighest in 8 years
2019: €-8k▼ -113% vs 2018
2020: €17k▲ +300% vs 2019
2021: €852▼ -94.9% vs 2020
2022: €-40k▼ -4795% vs 2021
2023: €-41k▼ -3.1% vs 2022lowest in 8 years
2024: €-20k▲ +50.7% vs 2023
2025: €-25k▼ -21.2% vs 2024
2018 → 2025
Working capital
€186k▼ 11.6%
2024 · €211k
2018: €560k
2019: €547k▼ -2.3% vs 2018
2020: €564k▲ +3.1% vs 2019highest in 8 years
2021: €334k▼ -40.8% vs 2020
2022: €289k▼ -13.3% vs 2021
2023: €232k▼ -19.9% vs 2022
2024: €211k▼ -9.0% vs 2023
2025: €186k▼ -11.6% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€279k-€239k▼ 14.3%€198k▼ 17.3%€177k▼ 10.3%€153k▼ 13.9%
2021: €279khighest in 5 years
2022: €239k▼ -14.3% vs 2021
2023: €198k▼ -17.3% vs 2022
2024: €177k▼ -10.3% vs 2023
2025: €153k▼ -13.9% vs 2024lowest in 5 years
Operating result€4k-€-38k€-40k▼ 4.8%€-20k▲ 50.7%€-24k▼ 22.0%
2021: €4khighest in 5 years
2022: €-38k▼ -1113% vs 2021
2023: €-40k▼ -4.8% vs 2022lowest in 5 years
2024: €-20k▲ +50.7% vs 2023
2025: €-24k▼ -22.0% vs 2024
Net result€852-€-40k€-41k▼ 3.1%€-20k▲ 50.7%€-25k▼ 21.2%
2021: €852highest in 5 years
2022: €-40k▼ -4795% vs 2021
2023: €-41k▼ -3.1% vs 2022lowest in 5 years
2024: €-20k▲ +50.7% vs 2023
2025: €-25k▼ -21.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24k in 2025 against €20k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €199k
Fixed assets
€6k ▼ 45.2%
Current assets
€193k ▼ 10.5%
Equity and liabilities €199k
Equity
€153k ▼ 13.9%
Debt
€46k ▼ 6.6%
Debt's share of the balance-sheet total rises from 21.8% to 23.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-19k▼
2024 · €-15k
Cash flow
€-19k▼
2024 · €-15k
Current ratio
30.91▼
2024 · 48.07
Debt to equity
0.30▲
2024 · 0.28
ROE
-16.1%▼
2024 · -11.5%
ROA
-12.4%▼
2024 · -9.0%
Interest coverage
-65.22▼
2024 · -48.35
Debt ≤ 1 year
€6k▲
2024 · €4k
Debt > 1 year
€40k▼
2024 · €45k
Income taxes
€239▼
2024 · €263
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 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€227k€199k▼
Fixed assets21/28€11k€6k▼
Tangible fixed assets22/27€11k€6k▼
Plant, machinery and equipment23€823€502▼
Furniture and vehicles24€11k€6k▼
Current assets29/58€215k€193k▼
Amounts receivable within one year40/41€14k€16k▲
Other amounts receivable41€14k€16k▲
Cash at bank and in hand54/58€199k€173k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€227k€199k▼
Equity10/15€177k€153k▼
Contributions10/11€19k€19k=
Reserves13€218k€218k=
Distributable reserves133€218k€218k=
Profit (loss) carried forward14€-59k€-84k▼
Amounts payable17/49€49k€46k▼
Amounts payable after more than one year17€45k€40k▼
Financial debts170/4€45k€40k▼
Amounts payable within one year42/48€4k€6k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€315€256▼
Taxes450/3€315€256▼
Other amounts payable47/48€1k€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€1k€855▼
Gross operating margin9900€-14k€-18k▼
Operating profit (loss)9901€-20k€-24k▼
Financial charges65/66B€302€290▼
Recurring financial charges65€302€290▼
Profit (loss) for the period before taxes9903€-20k€-24k▼
Income taxes67/77€263€239▼
Profit (loss) for the period9904€-20k€-25k▼
Profit (loss) for the period to be appropriated9905€-20k€-25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-59k€-84k▼
Profit (loss) brought forward from the previous period14P€-39k€-59k▼
The notes to these accounts (5 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €1k | €5k | €5k | ▲ 0.3% |
| Other operating charges640/8 | €595 | €685 | €953 | €1k | €855 | ▼ 14.9% |
| Gross operating margin9900 | €7k | €-35k | €-38k | €-14k | €-18k | ▼ 33.1% |
| Operating profit (loss)9901 | €4k | €-38k | €-40k | €-20k | €-24k | ▼ 22.0% |
| Financial income75/76B | €0 | €0 | €0 | - | - | - |
| Recurring financial income75 | €0 | €0 | €0 | - | - | - |
| Financial charges65/66B | €2k | €1k | €858 | €302 | €290 | ▼ 3.8% |
| Recurring financial charges65 | €2k | €1k | €858 | €302 | €290 | ▼ 3.8% |
| Non-recurring financial charges66B | €250 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €2k | €-40k | €-41k | €-20k | €-24k | ▼ 21.6% |
| Income taxes67/77 | €826 | €295 | €277 | €263 | €239 | ▼ 9.3% |
| Profit (loss) for the period9904 | €852 | €-40k | €-41k | €-20k | €-25k | ▼ 21.2% |
| Profit (loss) for the period to be appropriated9905 | €852 | €-40k | €-41k | €-20k | €-25k | ▼ 21.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €340k | €299k | €251k | €227k | €199k | ▼ 12.3% |
| Fixed assets21/28 | €2k | €4k | €16k | €11k | €6k | ▼ 45.2% |
| Tangible fixed assets22/27 | €2k | €4k | €16k | €11k | €6k | ▼ 45.2% |
| Plant, machinery and equipment23 | - | €1k | €1k | €823 | €502 | ▼ 38.9% |
| Furniture and vehicles24 | €2k | €2k | €15k | €11k | €6k | ▼ 45.7% |
| Current assets29/58 | €338k | €295k | €235k | €215k | €193k | ▼ 10.5% |
| Amounts receivable within one year40/41 | €3k | €9k | €11k | €14k | €16k | ▲ 17.9% |
| Trade receivables40 | €117 | €3k | €20 | - | - | - |
| Other amounts receivable41 | €3k | €6k | €11k | €14k | €16k | ▲ 17.9% |
| Cash at bank and in hand54/58 | €324k | €278k | €221k | €199k | €173k | ▼ 12.7% |
| Deferred charges and accrued income490/1 | €11k | €8k | €3k | €3k | €3k | ▲ 5.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €340k | €299k | €251k | €227k | €199k | ▼ 12.3% |
| Equity10/15 | €279k | €239k | €198k | €177k | €153k | ▼ 13.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €260k | €220k | €218k | €218k | €218k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €258k | €218k | €218k | €218k | €218k | = |
| Profit (loss) carried forward14 | - | - | €-39k | €-59k | €-84k | ▼ 41.6% |
| Amounts payable17/49 | €61k | €60k | €54k | €49k | €46k | ▼ 6.6% |
| Amounts payable after more than one year17 | €57k | €54k | €50k | €45k | €40k | ▼ 11.1% |
| Financial debts170/4 | €57k | €54k | €50k | €45k | €40k | ▼ 11.1% |
| Amounts payable within one year42/48 | €4k | €6k | €4k | €4k | €6k | ▲ 39.1% |
| Trade debts44 | €2k | €5k | €2k | €3k | €2k | ▼ 35.7% |
| Suppliers440/4 | €2k | €5k | €2k | €3k | €2k | ▼ 35.7% |
| Taxes, remuneration and social security45 | €970 | €452 | €718 | €315 | €256 | ▼ 18.8% |
| Taxes450/3 | €970 | €452 | €718 | €315 | €256 | ▼ 18.8% |
| Other amounts payable47/48 | €1k | €393 | €653 | €1k | €4k | ▲ 250% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €852 | €-40k | €-41k | €-20k | €-25k | ▼ 21.2% |
| + Depreciation and write-downs630 | €2k | €2k | €1k | €5k | €5k | ▲ 0.3% |
| Operating cash flow (approximation) | €3k | €-38k | €-40k | €-15k | €-19k | ▼ 28.4% |
| Investment in fixed assets (approximation) | - | €-4k | €-14k | €-643 | €0 | ▲ 100% |
| Change in cash | - | €-46k | €-57k | €-22k | €-25k | ▼ 13.2% |
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
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
16-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 16 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-41k
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 20 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 80.53
Current ratio from 18.22 to 80.53; short-term debt falls from €33k to €4k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 22.63
Current ratio from 8.42 to 22.63; short-term debt falls from €75k to €25k.
03-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 3 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Nijlen · 1 establishment unit since 2015
Ground area
1,274 m²
Building footprint
148 m²
Volume, LiDAR
377 m³
Parcel 12026A0546/00A005, Flanders · tallest building 8.2 m. Linked by address, not a title deed.
1 establishment unit
Broechemsesteenweg 191, 2560 Nijlen
since 20152.247.771.201
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12026A0546/00A005 | Flanders | 1,274 m² | 1 · 148 m² | 8.2 m |
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. 352 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
Founded19-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43422Screed work
Scores and ratios are computed by Checked and are not a credit decision.