VAN SANDE
ActiveSummary
VAN SANDE has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €244,561 and a net result of €7,388. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 87% of 4814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+3
Solvency100▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 3.44 against 2.2 in 2024; short-term debt: 14.5% and cash: 7.4% of total assets), and 18.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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
81.4%
Return on assets
2.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
49 d early
2023
20 d early
2022
28 d late
2021
20 d early
2020
3 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
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. Usually files around 11 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€244,561▲ 3.1%
2024 · €237,173
Total assets
€300,263▼ 14.1%
2024 · €349,539
Net result
€7,388▲ 1,051%
2024 · €642
Working capital
€106,263▲ 15.2%
2024 · €92,269
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€31,699▼ 21.8%€26,621▼ 16.0%€2,875▼ 89.2%€5,413▲ 88.3%€12,653▲ 134%
Net result€26,589above the sector's middle half▼ 12.6%€20,509within the sector's middle half▼ 22.9%-€980within the sector's middle half€642within the sector's middle half€7,388within the sector's middle half▲ 1,051%
Equity€217,002above the sector's middle half▲ 14.0%€237,511above the sector's middle half▲ 9.5%€236,531above the sector's middle half▼ 0.4%€237,173above the sector's middle half▲ 0.3%€244,561above the sector's middle half▲ 3.1%
Total assets€367,063above the sector's middle half▲ 14.6%€426,686above the sector's middle half▲ 16.2%€371,605above the sector's middle half▼ 12.9%€349,539above the sector's middle half▼ 5.9%€300,263above the sector's middle half▼ 14.1%
Debt€150,061▲ 17.2%€189,175▲ 26.1%€135,074▼ 28.6%€112,367▼ 16.8%€55,702▼ 50.4%
Working capital€118,547above the sector's middle half▼ 19.7%€30,560within the sector's middle half▼ 74.2%€60,632above the sector's middle half▲ 98.4%€92,269above the sector's middle half▲ 52.2%€106,263above the sector's middle half▲ 15.2%
Solvency59.1%within the sector's middle half▼ 0.3pp55.7%within the sector's middle half▼ 3.5pp63.7%within the sector's middle half▲ 8.0pp67.9%above the sector's middle half▲ 4.2pp81.4%above the sector's middle half▲ 13.6pp
Current ratio2.48within the sector's middle half▼ 0.611.28within the sector's middle half▼ 1.211.69within the sector's middle half▲ 0.412.20within the sector's middle half▲ 0.513.44above the sector's middle half▲ 1.24
Return on assets (ROA)7.2%within the sector's middle half▼ 2.3pp4.8%within the sector's middle half▼ 2.4pp-0.3%within the sector's middle half▼ 5.1pp0.2%within the sector's middle half▲ 0.4pp2.5%within the sector's middle half▲ 2.3pp
Staff (FTE)2=2.3▲ 15.0%3▲ 30.4%3=3=
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 134% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €300,263
Fixed assets
€150,414 ▼ 16.5%
Current assets
€149,848 ▼ 11.6%
Equity and liabilities €300,263
Equity
€244,561 ▲ 3.1%
Debt
€55,702 ▼ 50.4%
Debt's share of the balance-sheet total falls from 32.1% to 18.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89,634▲
2024 · €79,286
Cash flow
€84,369▲
2024 · €74,515
Quick ratio
3.25▲
2024 · 1.98
Debt to equity
0.23▼
2024 · 0.47
ROE
3.0%▲
2024 · 0.3%
Interest coverage
32.69▲
2024 · 20.91
Debt ≤ 1 year
€43,585▼
2024 · €77,201
Debt > 1 year
€12,116▼
2024 · €32,544
Income taxes
€2,807▲
2024 · €1,041
Staff costs
€108,721▲
2024 · €104,297
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,040 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €23,000 | €19,000 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €50,529 | €66,654 | €99,850 | €104,297 | €108,721 | ▲ 4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57,147 | €81,589 | €72,762 | €73,873 | €76,981 | ▲ 4.2% |
| Other operating charges640/8 | €2,678 | €2,045 | €3,036 | €4,116 | €3,178 | ▼ 22.8% |
| Non-recurring operating charges66A | - | - | - | €1,220 | €0 | ▼ 100% |
| Gross operating margin9900 | €142,052 | €176,908 | €178,523 | €188,918 | €201,533 | ▲ 6.7% |
| Operating profit (loss)9901 | €31,699 | €26,621 | €2,875 | €5,413 | €12,653 | ▲ 134% |
| Financial income75/76B | €930 | €262 | €20 | €61 | €284 | ▲ 363% |
| Recurring financial income75 | €930 | €262 | €20 | €61 | €284 | ▲ 363% |
| Financial charges65/66B | €2,886 | €4,273 | €3,514 | €3,791 | €2,742 | ▼ 27.7% |
| Recurring financial charges65 | €2,886 | €4,273 | €3,514 | €3,791 | €2,742 | ▼ 27.7% |
| Profit (loss) for the period before taxes9903 | €29,743 | €22,610 | -€620 | €1,683 | €10,195 | ▲ 506% |
| Transfer from deferred taxes780 | €1,700 | €0 | - | - | - | - |
| Income taxes67/77 | €4,854 | €2,101 | €360 | €1,041 | €2,807 | ▲ 170% |
| Profit (loss) for the period9904 | €26,589 | €20,509 | -€980 | €642 | €7,388 | ▲ 1,051% |
| Transfer from tax-exempt reserves789 | €5,100 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €31,689 | €20,509 | -€980 | €642 | €7,388 | ▲ 1,051% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €367,063 | €426,686 | €371,605 | €349,539 | €300,263 | ▼ 14.1% |
| Fixed assets21/28 | €168,684 | €286,080 | €223,108 | €180,069 | €150,414 | ▼ 16.5% |
| Tangible fixed assets22/27 | €168,684 | €286,080 | €223,108 | €180,069 | €150,414 | ▼ 16.5% |
| Land and buildings22 | €2,211 | €1,961 | €1,711 | €1,460 | €36,640 | ▲ 2,409% |
| Plant, machinery and equipment23 | €34,073 | €26,822 | €19,242 | €12,172 | €7,496 | ▼ 38.4% |
| Furniture and vehicles24 | €132,400 | €257,297 | €202,156 | €166,437 | €99,208 | ▼ 40.4% |
| Other tangible fixed assets26 | - | - | - | - | €7,069 | - |
| Current assets29/58 | €198,379 | €140,606 | €148,497 | €169,471 | €149,848 | ▼ 11.6% |
| Stocks and contracts in progress3 | €14,435 | €10,643 | €7,756 | €16,931 | €8,400 | ▼ 50.4% |
| Stocks30/36 | €14,435 | €10,643 | €7,756 | €16,931 | €8,400 | ▼ 50.4% |
| Amounts receivable within one year40/41 | €117,905 | €117,062 | €118,203 | €93,827 | €113,041 | ▲ 20.5% |
| Trade receivables40 | €110,041 | €116,314 | €114,819 | €90,665 | €107,524 | ▲ 18.6% |
| Other amounts receivable41 | €7,864 | €747 | €3,385 | €3,162 | €5,517 | ▲ 74.5% |
| Cash at bank and in hand54/58 | €65,306 | €5,512 | €10,820 | €42,801 | €22,081 | ▼ 48.4% |
| Deferred charges and accrued income490/1 | €733 | €7,390 | €11,718 | €15,912 | €6,326 | ▼ 60.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €367,063 | €426,686 | €371,605 | €349,539 | €300,263 | ▼ 14.1% |
| Equity10/15 | €217,002 | €237,511 | €236,531 | €237,173 | €244,561 | ▲ 3.1% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €210,804 | €231,313 | €230,333 | €230,976 | €238,364 | ▲ 3.2% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €0 | - | - | - |
| Tax-exempt reserves132 | €8,300 | €8,300 | €8,300 | €8,300 | €8,300 | = |
| Distributable reserves133 | €200,645 | €221,154 | €222,033 | €222,676 | €230,064 | ▲ 3.3% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Deferred taxes168 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €150,061 | €189,175 | €135,074 | €112,367 | €55,702 | ▼ 50.4% |
| Amounts payable after more than one year17 | €70,229 | €78,097 | €46,906 | €32,544 | €12,116 | ▼ 62.8% |
| Financial debts170/4 | €70,229 | €78,097 | €46,906 | €32,544 | €12,116 | ▼ 62.8% |
| Amounts payable within one year42/48 | €79,832 | €110,046 | €87,866 | €77,201 | €43,585 | ▼ 43.5% |
| Current portion of amounts payable after more than one year42 | €28,602 | €36,149 | €31,190 | €32,926 | €20,428 | ▼ 38.0% |
| Financial debts43 | €7,780 | €8,984 | €2,899 | €9,392 | €957 | ▼ 89.8% |
| Credit institutions430/8 | €7,780 | €8,984 | €2,899 | €9,392 | €957 | ▼ 89.8% |
| Trade debts44 | €28,522 | €23,245 | €29,744 | €20,230 | €8,157 | ▼ 59.7% |
| Suppliers440/4 | €28,522 | €23,245 | €29,744 | €20,230 | €8,157 | ▼ 59.7% |
| Taxes, remuneration and social security45 | €14,927 | €26,992 | €21,213 | €14,653 | €14,044 | ▼ 4.2% |
| Taxes450/3 | €10,239 | €21,828 | €15,175 | €11,264 | €8,682 | ▼ 22.9% |
| Remuneration and social security454/9 | €4,689 | €5,164 | €6,038 | €3,389 | €5,362 | ▲ 58.2% |
| Other amounts payable47/48 | - | €14,675 | €2,819 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €1,033 | €303 | €2,621 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,589 | €20,509 | -€980 | €642 | €7,388 | ▲ 1,051% |
| + Depreciation and write-downs630 | €57,147 | €81,589 | €72,762 | €73,873 | €76,981 | ▲ 4.2% |
| Operating cash flow (approximation) | €83,736 | €102,098 | €71,782 | €74,515 | €84,369 | ▲ 13.2% |
| Investment in fixed assets (approximation) | - | -€198,985 | -€9,790 | -€30,834 | -€47,326 | ▼ 53.5% |
| Change in cash | - | -€59,794 | €5,309 | €31,980 | -€20,720 | ▼ 165% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €642
Net result €642 after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €217,002 ▲14%
2 profitable years in a row build equity to €217,002.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €30,431
Net result €30,431 after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€7,588
Net result drops to -€7,588, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Beerse · 1 establishment unit since 1998
Ground area
1,062 m²
Building footprint
134 m²
Volume, LiDAR
572 m³
Parcel 13004A0350/00B002, Flanders · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VAN SANDE BVBA
since 19982.088.957.158
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004A0350/00B002 | Flanders | 1,062 m² | 1 · 134 m² | 5.8 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.
Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 3,757 EUR awarded · 3,757 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 308 EUR | 308 EUR |
| 2024 | 1 | 449 EUR | 449 EUR |
| 2022 | 1 | 3,000 EUR | 3,000 EUR |
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Of 12,573 companies in this sector we hold annual accounts for 8,205. 6,049 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded01-10-1998
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
46810Wholesale of solid, liquid and gaseous fuels and related products
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464257638
Also
9925:BE0464257638
Registered
20-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.