Summary
Van Schoote is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €1.5m and a net result of €775,144. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 79% of 1426 sector peers (fiscal year 2024). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €1.5m
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 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
26 d early
2022
28 d early
2021
61 d late
2020
117 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 34 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€1.5m▲ 102%
2023 · €759,606
Net result
€775,144▲ 38.1%
2023 · €561,174
Total assets
€2.0m▲ 36.6%
2023 · €1.5m
Solvency
75.2%▲ 24.4pp
2023 · 50.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€928,598▲ 96.6%€743,035▼ 20.0%€733,517▼ 1.3%€836,503▲ 14.0%€1.1m▲ 26.3%
Net result€872,323above the sector's middle half▲ 116%€684,945above the sector's middle half▼ 21.5%€688,123above the sector's middle half▲ 0.5%€561,174above the sector's middle half▼ 18.4%€775,144above the sector's middle half▲ 38.1%
Equity€205,363within the sector's middle half▼ 17.2%€200,308within the sector's middle half▼ 2.5%€198,431within the sector's middle half▼ 0.9%€759,606within the sector's middle half▲ 283%€1.5mabove the sector's middle half▲ 102%
Total assets€1.8mabove the sector's middle half▼ 15.9%€2.2mabove the sector's middle half▲ 21.5%€2.1mabove the sector's middle half▼ 6.3%€1.5mwithin the sector's middle half▼ 28.9%€2.0mwithin the sector's middle half▲ 36.6%
Debt€1.6m▼ 15.5%€2.0m▲ 24.8%€1.9m▼ 6.8%€734,104▼ 61.4%€505,201▼ 31.2%
Working capital-€453,241below the sector's middle half▲ 12.2%-€517,970below the sector's middle half▼ 14.3%-€980,348below the sector's middle half▼ 89.3%€343,081within the sector's middle half€1.1mabove the sector's middle half▲ 231%
Solvency11.1%below the sector's middle half▼ 0.2pp8.9%below the sector's middle half▼ 2.2pp9.4%below the sector's middle half▲ 0.5pp50.9%within the sector's middle half▲ 41.4pp75.2%above the sector's middle half▲ 24.4pp
Current ratio0.67below the sector's middle half▼ 0.030.68below the sector's middle half▲ 0.010.42below the sector's middle half▼ 0.261.67within the sector's middle half▲ 1.243.67above the sector's middle half▲ 2.00
Return on assets (ROA)47.3%above the sector's middle half▲ 28.9pp30.5%above the sector's middle half▼ 16.7pp32.7%above the sector's middle half▲ 2.2pp37.6%above the sector's middle half▲ 4.8pp38.0%above the sector's middle half▲ 0.4pp
Staff (FTE)12.2above the sector's middle half▲ 18.4%12.2above the sector's middle half=11.9above the sector's middle half▼ 2.5%10.6above the sector's middle half▼ 10.9%10.2above the sector's middle half▼ 3.8%
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 26% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.0m
Fixed assets
€479,534 ▼ 24.5%
Current assets
€1.6m ▲ 81.8%
Equity and liabilities €2.0m
Equity
€1.5m ▲ 102%
Debt
€505,201 ▼ 31.2%
Debt's share of the balance-sheet total falls from 49.1% to 24.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
50.5%▼
2023 · 73.9%
Debt ≤ 1 year
€425,708▼
2023 · €515,347
Debt > 1 year
€0▼
2023 · €56,000
Income taxes
€283,017▲
2023 · €260,688
Staff costs
€632,491=
2023 · €632,627
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €58,924 | €17,104 | €67,169 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €604,511 | €671,240 | €632,627 | €632,491 | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €168,314 | €159,876 | €198,245 | €162,549 | €159,485 | ▼ 1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,087 | - |
| Other operating charges640/8 | - | €7,187 | €5,259 | €4,431 | €2,287 | ▼ 48.4% |
| Non-recurring operating charges66A | - | €419 | - | €190,275 | €0 | ▼ 100% |
| Gross operating margin9900 | €1.6m | €1.5m | €1.6m | €1.8m | €1.9m | ▲ 1.4% |
| Operating profit (loss)9901 | €928,598 | €743,035 | €733,517 | €836,503 | €1.1m | ▲ 26.3% |
| Financial income75/76B | - | €2,914 | €981 | €17,853 | €24,322 | ▲ 36.2% |
| Recurring financial income75 | €2,164 | €2,914 | €981 | €17,853 | €24,322 | ▲ 36.2% |
| Financial charges65/66B | - | €35,027 | €21,121 | €32,494 | €22,801 | ▼ 29.8% |
| Recurring financial charges65 | €33,200 | €35,027 | €18,530 | €31,653 | €22,801 | ▼ 28.0% |
| Non-recurring financial charges66B | - | - | €2,591 | €841 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €888,483 | €710,922 | €713,378 | €821,862 | €1.1m | ▲ 28.8% |
| Transfer from deferred taxes780 | - | €3,287 | - | - | - | - |
| Income taxes67/77 | €21,736 | €29,264 | €25,255 | €260,688 | €283,017 | ▲ 8.6% |
| Profit (loss) for the period9904 | €872,323 | €684,945 | €688,123 | €561,174 | €775,144 | ▲ 38.1% |
| Transfer from tax-exempt reserves789 | - | €6,384 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €929,294 | €691,329 | €688,123 | €561,174 | €775,144 | ▲ 38.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €2.2m | €2.1m | €1.5m | €2.0m | ▲ 36.6% |
| Fixed assets21/28 | €921,710 | €1.1m | €1.4m | €635,282 | €479,534 | ▼ 24.5% |
| Intangible fixed assets21 | €55,292 | €231,962 | €577,935 | €534,210 | €420,137 | ▼ 21.4% |
| Tangible fixed assets22/27 | €861,740 | €911,646 | €650,896 | €100,244 | €58,569 | ▼ 41.6% |
| Plant, machinery and equipment23 | - | €357,358 | €156,799 | €47,869 | €29,512 | ▼ 38.3% |
| Furniture and vehicles24 | - | €554,288 | €494,097 | €52,374 | €29,057 | ▼ 44.5% |
| Financial fixed assets28 | €4,678 | €4,678 | €154,678 | €828 | €828 | = |
| Current assets29/58 | €923,156 | €1.1m | €718,732 | €858,428 | €1.6m | ▲ 81.8% |
| Stocks and contracts in progress3 | €162,304 | €107,492 | €57,857 | €0 | - | - |
| Stocks30/36 | - | €107,492 | €57,857 | €0 | - | - |
| Amounts receivable within one year40/41 | €725,766 | €870,798 | €597,379 | €725,073 | €1.0m | ▲ 44.8% |
| Trade receivables40 | - | - | €45,533 | €51,942 | €132,712 | ▲ 156% |
| Other amounts receivable41 | - | €870,798 | €551,846 | €673,131 | €917,231 | ▲ 36.3% |
| Cash at bank and in hand54/58 | €21,838 | €102,584 | €50,249 | €71,696 | €471,078 | ▲ 557% |
| Deferred charges and accrued income490/1 | - | €13,248 | €13,248 | €61,659 | €39,395 | ▼ 36.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €2.2m | €2.1m | €1.5m | €2.0m | ▲ 36.6% |
| Equity10/15 | €205,363 | €200,308 | €198,431 | €759,606 | €1.5m | ▲ 102% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €143,363 | €138,308 | €136,431 | €697,606 | €1.5m | ▲ 111% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €132,108 | €130,231 | €691,406 | €1.5m | ▲ 112% |
| Profit (loss) carried forward14 | - | - | - | €0 | - | - |
| Provisions and deferred taxes16 | €3,287 | - | - | - | - | - |
| Amounts payable17/49 | €1.6m | €2.0m | €1.9m | €734,104 | €505,201 | ▼ 31.2% |
| Amounts payable after more than one year17 | €6,880 | €102,637 | €152,000 | €56,000 | €0 | ▼ 100% |
| Financial debts170/4 | - | €102,637 | €152,000 | €56,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €1.4m | €1.6m | €1.7m | €515,347 | €425,708 | ▼ 17.4% |
| Current portion of amounts payable after more than one year42 | - | €21,530 | €96,000 | €96,000 | €56,000 | ▼ 41.7% |
| Financial debts43 | - | €6,880 | - | €88,360 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €6,880 | - | €88,360 | €0 | ▼ 100% |
| Trade debts44 | €147,363 | €179,826 | €121,036 | €148,522 | €122,432 | ▼ 17.6% |
| Suppliers440/4 | - | €179,826 | €121,036 | €148,522 | €122,432 | ▼ 17.6% |
| Taxes, remuneration and social security45 | - | €73,940 | €74,554 | €62,728 | €231,264 | ▲ 269% |
| Taxes450/3 | - | €5,206 | €4,796 | €290 | €149,700 | ▲ 51,530% |
| Remuneration and social security454/9 | - | €68,734 | €69,757 | €62,438 | €81,564 | ▲ 30.6% |
| Other amounts payable47/48 | - | €1.3m | €1.4m | €119,737 | €16,012 | ▼ 86.6% |
| Accrued charges and deferred income492/3 | - | €327,371 | €52,729 | €162,757 | €79,493 | ▼ 51.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €872,323 | €684,945 | €688,123 | €561,174 | €775,144 | ▲ 38.1% |
| + Depreciation and write-downs630 | €168,314 | €159,876 | €198,245 | €162,549 | €159,485 | ▼ 1.9% |
| Operating cash flow (approximation) | €1.0m | €844,821 | €886,368 | €723,724 | €934,629 | ▲ 29.1% |
| Investment in fixed assets (approximation) | - | -€386,452 | -€433,468 | €585,677 | -€3,738 | ▼ 101% |
| Change in cash | - | €80,746 | -€52,335 | €21,447 | €399,382 | ▲ 1,762% |
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
2026
09-06
State Gazette act
Resignation: Luc Van Antwerpen (director)Permanent representatives: Michel Höftmann and Steve Sartor · Appointment: Joseph Hanly (director)7 facts ▸
State Gazette act
Resignation: Luc Van Antwerpen (director)
Permanent representatives: Michel Höftmann and Steve Sartor · Appointment: Joseph Hanly (director)7 facts ▸
- General meeting, 12-05-2026
- Director resignation, Luc Van Antwerpen (director)
- Permanent representative, Michel Höftmann (permanent representative)
- Permanent representative, Steve Sartor (permanent representative)
- Director appointment, Joseph Hanly (director)
- Board composition, Concordia NV (director)
- Board composition, Joseph Hanly (director)
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 3.67
Current ratio from 1.67 to 3.67; short-term debt falls from €515,347 to €425,708.
31-12
Financial
Equity above €1mEq €1.5m ▲102%
7 profitable years in a row build equity to €1.5m.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 1.67
Current ratio from 0.42 to 1.67; short-term debt falls from €1.7m to €515,347.
31-12
Financial
Equity above €500,000Eq €759,606 ▲283%
6 profitable years in a row build equity to €759,606.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 117 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €404,083 ▼53.7%
Net result drops to €404,083, the lowest in the series; recovery starts the following year.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Joseph Hanly
CurrentDirector · since 20-04-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Oostende · 1 establishment unit since 1992
Ground area
170 m²
Building footprint
170 m²
Volume, LiDAR
2,941 m³
Parcel 35386D0251/00G009, Flanders · tallest building 24.9 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Alfons Pieterslaan 90-92, 8400 Oostende
since 19922.057.573.007
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35386D0251/00G009 | Flanders | 170 m² | 1 · 170 m² | 24.9 m · 7 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Joseph Hanly |
|
| Luc Van Antwerpen |
|
Articles of association
Who signs
“- Concordia NV, vast vertegenwoordigd door Michel Höftmann; en Joseph Hanly. Overeenkomstig artikel 20 van de statuten van de Vennootschap, zijn alle akten die de Vennootschap verbinden, in en buiten rechte, geldig wanneer zij ondertekend worden door één enkele bestuurder, alleen handelend.”
Structure & network
Owners and holdings
2 ownersChain of control
- Ecclesia International Holding GmbHDE
- CONCORDIA
- Van Schoote
Highest known parent: Ecclesia International Holding GmbH (Germany). The sources do not say who stands above it.
Owners 2
- CONCORDIAparentSourceaccounts CONCORDIA 2024100%
- VSHparentSourceaccounts VSH 31-03-202399.84%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Public money · subsidies and aid
Flemish government
2022 · 1 entry · 734 EUR awarded · 734 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 734 EUR | 734 EUR |
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Identification & contact
Identification
Legal formPublic limited company
Founded08-05-1992
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447361030
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.