VAN TUNING CENTER
ActiveVAN TUNING CENTER has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.40M and a net result of €169k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 95% of 572 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▼-8
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 8.69 against 7.33 in 2023; short-term debt: 11.5% and cash: 4.2% of total assets), and 15.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
84.4%
Return on assets
10.2%
Age of the figures
20 mo
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 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
23 d late
2022
6 d early
2021
4 d early
2020
30 d early
2019
21 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€169k▼ 32.0%
2023 · €248k
2018: €735
2019: €35k
2020: €103k
2021: €94k
2022: €112k
2023: €248k
2018 → 2024
Working capital
€1.46M▲ 13.8%
2023 · €1.28M
2018: €694k
2019: €735k
2020: €818k
2021: €926k
2022: €1.03M
2023: €1.28M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€773k-€866k▲ 12.1%€978k▲ 12.9%€1.23M▲ 25.4%€1.40M▲ 13.8%
Operating result€136k-€110k▼ 19.5%€114k▲ 3.8%€292k▲ 156%€149k▼ 48.9%
Net result€103k-€94k▼ 8.8%€112k▲ 19.4%€248k▲ 122%€169k▼ 32.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 49% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.65M
Fixed assets
€2k▼ 66.8%
Current assets
€1.65M▲ 11.0%
Equity and liabilities €1.65M
Equity
€1.40M▲ 13.8%
Debt
€258k▼ 3.5%
The debt ratio falls from 17.9% to 15.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€154k▼
2023 · €297k
Cash flow
€174k▼
2023 · €253k
Solvency
84.4%▲
2023 · 82.1%
Current ratio
8.69▲
2023 · 7.33
Quick ratio
7.80▲
2023 · 6.44
Debt / equity
0.19▼
2023 · 0.22
ROE
12.1%▼
2023 · 20.2%
ROA
10.2%▼
2023 · 16.6%
Interest coverage
19.60▼
2023 · 52.46
Debt
€258k▼
2023 · €268k
Debt ≤ 1 year
€190k▼
2023 · €203k
Debt > 1 year
€65k=
2023 · €65k
Income taxes
€59k▼
2023 · €88k
Staff costs
€106k▼
2023 · €111k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.49M€1.65M▲
Fixed assets21/28€7k€2k▼
Tangible fixed assets22/27€7k€2k▼
Furniture and vehicles24€7k€2k▼
Current assets29/58€1.49M€1.65M▲
Stocks and contracts in progress3€182k€168k▼
Stocks30/36€182k€168k▼
Amounts receivable within one year40/41€929k€1.36M▲
Trade receivables40€234k€243k▲
Other amounts receivable41€696k€1.12M▲
Cash at bank and in hand54/58€348k€69k▼
Deferred charges and accrued income490/1€27k€55k▲
Equity and liabilities
Total equity and liabilities10/49€1.49M€1.65M▲
Equity10/15€1.23M€1.40M▲
Contributions10/11€437k€437k=
Reserves13€44k€44k=
Distributable reserves133€44k€44k=
Profit (loss) carried forward14€746k€915k▲
Amounts payable17/49€268k€258k▼
Amounts payable after more than one year17€65k€65k=
Financial debts170/4€65k€65k=
Amounts payable within one year42/48€203k€190k▼
Current portion of amounts payable after more than one year42€705€0▼
Financial debts43€10k€10k▲
Credit institutions430/8€10k€10k▲
Trade debts44€105k€63k▼
Suppliers440/4€105k€63k▼
Taxes, remuneration and social security45€87k€117k▲
Taxes450/3€73k€104k▲
Remuneration and social security454/9€14k€13k▼
Accrued charges and deferred income492/3€0€3k▲
Income statement
Code20232024
Remuneration, social security and pensions62€111k€106k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€8k
Other operating charges640/8€345€761▲
Gross operating margin9900€408k€269k▼
Operating profit (loss)9901€292k€149k▼
Financial income75/76B€50k€87k▲
Recurring financial income75€50k€87k▲
Financial charges65/66B€6k€8k▲
Recurring financial charges65€6k€8k▲
Profit (loss) for the period before taxes9903€337k€228k▼
Income taxes67/77€88k€59k▼
Profit (loss) for the period9904€248k€169k▼
Profit (loss) for the period to be appropriated9905€248k€169k▼
Appropriation of the result
Profit (loss) to be appropriated9906€746k€915k▲
Profit (loss) brought forward from the previous period14P€498k€746k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
31-12
Financial
Highest result since 2018net €248k ▲122%
Operating result €292k, net result €248k, both a record.
31-12
Financial
Equity above €1MEq €1.23M ▲25.4%
6 profitable years in a row build equity to €1.23M.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Staden · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Spanjestraat(ONK) 608840 StadenGround area
3.0 ha
Building footprint
1.5 ha
Volume, LiDAR
1,017 m³
2 parcels, Flanders, Wallonia · tallest building 3.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Van Tuning Center bvba
since 20062.158.059.166
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54006M0778/00C000 | Wallonia | 2.8 ha | 1 · 1.5 ha | - |
| 36014C0772/00X000 | Flanders | 1,354 m² | 1 · 325 m² | 3.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
B.G. MAT
BE 0477.463.395
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Cammaert Tools
BE 0413.614.235
Asse · Eq €1.40M
MANUTENTION JEAN BOUTIQUE
BE 0441.975.748
Saint-Ghislain · Eq €1.41M
MEA
BE 0413.125.473
Evergem · Eq €1.42M
DE FRUYTIER
BE 0413.117.555
Waregem · Eq €1.37M
Of 828 companies in sector 46620 we hold annual accounts for 642. 501 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-12-2003
Fiscal year end31-12
Abbreviation NL
V.T.C.
Activities, NACEBEL
95319Other maintenance and repair of motor vehicles
46620Wholesale of machine tools
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.