VANAC COLORS
ActiveSummary
VANAC COLORS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €498,503 and a net result of €43,627. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 92% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+19
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 7.84 against 7.5 in 2024; short-term debt: 12.3% and cash: 45.7% of total assets), and 12.3% 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
87.7%
Return on assets
7.7%
Age of the figures
9 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
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
69 d late
2022
31 d late
2021
30 d late
2020
55 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 7 accounts on average 39 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 30 August (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€498,503▲ 9.6%
2024 · €454,876
Total assets
€568,427▲ 9.1%
2024 · €520,860
Net result
€43,627▼ 2.5%
2024 · €44,727
Working capital
€478,443▲ 11.6%
2024 · €428,774
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20212022202320242025
Operating result-€182,406€39,179-€16,530€40,775€42,914▲ 5.2%
Net result-€182,532below the sector's middle half€42,880within the sector's middle half-€13,223below the sector's middle half€44,727within the sector's middle half€43,627above the sector's middle half▼ 2.5%
Equity€380,492within the sector's middle half▲ 30.4%€423,372within the sector's middle half▲ 11.3%€410,148within the sector's middle half▼ 3.1%€454,876within the sector's middle half▲ 10.9%€498,503above the sector's middle half▲ 9.6%
Total assets€455,911below the sector's middle half▼ 33.8%€493,260below the sector's middle half▲ 8.2%€468,741below the sector's middle half▼ 5.0%€520,860within the sector's middle half▲ 11.1%€568,427above the sector's middle half▲ 9.1%
Debt€75,419▼ 81.0%€69,888▼ 7.3%€58,593▼ 16.2%€65,984▲ 12.6%€69,924▲ 6.0%
Working capital€307,185within the sector's middle half▲ 44.4%€367,989within the sector's middle half▲ 19.8%€372,689within the sector's middle half▲ 1.3%€428,774within the sector's middle half▲ 15.0%€478,443above the sector's middle half▲ 11.6%
Solvency83.5%above the sector's middle half▲ 41.1pp85.8%above the sector's middle half▲ 2.4pp87.5%above the sector's middle half▲ 1.7pp87.3%above the sector's middle half▼ 0.2pp87.7%above the sector's middle half▲ 0.4pp
Current ratio5.07above the sector's middle half▲ 3.546.27above the sector's middle half▲ 1.197.36above the sector's middle half▲ 1.107.50above the sector's middle half▲ 0.147.84above the sector's middle half▲ 0.34
Return on assets (ROA)-40.0%below the sector's middle half▼ 54.0pp8.7%within the sector's middle half▲ 48.7pp-2.8%below the sector's middle half▼ 11.5pp8.6%within the sector's middle half▲ 11.4pp7.7%within the sector's middle half▼ 0.9pp
Staff (FTE)5.9within the sector's middle half▼ 4.8%4.1within the sector's middle half▼ 30.5%3.2within the sector's middle half▼ 22.0%3.3within the sector's middle half▲ 3.1%3.4▲ 3.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or 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 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €568,427
Fixed assets
€20,059 ▼ 23.1%
Current assets
€548,367 ▲ 10.8%
Equity and liabilities €568,427
Equity
€498,503 ▲ 9.6%
Debt
€69,924 ▲ 6.0%
Debt's share of the balance-sheet total falls from 12.7% to 12.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€48,956▼
2024 · €52,133
Cash flow
€49,669▼
2024 · €56,085
Quick ratio
4.67▲
2024 · 3.64
Debt to equity
0.14▼
2024 · 0.15
ROE
8.8%▼
2024 · 9.8%
Interest coverage
57.93▲
2024 · -31.26
Debt ≤ 1 year
€69,924▲
2024 · €65,984
Staff costs
€131,604▼
2024 · €161,731
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 34,696 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 | €4,450 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €267,848 | €188,814 | €160,093 | €161,731 | €131,604 | ▼ 18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,740 | €17,924 | €17,924 | €11,358 | €6,042 | ▼ 46.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €29,919 | - | - | - | - | - |
| Other operating charges640/8 | €2,215 | €6,516 | €1,091 | €1,531 | €1,865 | ▲ 21.9% |
| Non-recurring operating charges66A | - | €1,884 | - | - | - | - |
| Gross operating margin9900 | €135,315 | €254,317 | €162,578 | €215,394 | €182,426 | ▼ 15.3% |
| Operating profit (loss)9901 | -€182,406 | €39,179 | -€16,530 | €40,775 | €42,914 | ▲ 5.2% |
| Financial income75/76B | €1,024 | €3,582 | €3,324 | €2,285 | €1,558 | ▼ 31.8% |
| Recurring financial income75 | €1,024 | €3,582 | €3,324 | €2,285 | €1,558 | ▼ 31.8% |
| Financial charges65/66B | €959 | €58 | €17 | -€1,668 | €845 | ▲ 151% |
| Recurring financial charges65 | €959 | €58 | €17 | -€1,668 | €845 | ▲ 151% |
| Profit (loss) for the period before taxes9903 | -€182,341 | €42,704 | -€13,223 | €44,727 | €43,627 | ▼ 2.5% |
| Income taxes67/77 | €191 | -€176 | - | - | - | - |
| Profit (loss) for the period9904 | -€182,532 | €42,880 | -€13,223 | €44,727 | €43,627 | ▼ 2.5% |
| Profit (loss) for the period to be appropriated9905 | -€182,532 | €42,880 | -€13,223 | €44,727 | €43,627 | ▼ 2.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €455,911 | €493,260 | €468,741 | €520,860 | €568,427 | ▲ 9.1% |
| Fixed assets21/28 | €73,307 | €55,383 | €37,459 | €26,101 | €20,059 | ▼ 23.1% |
| Tangible fixed assets22/27 | €72,307 | €54,383 | €36,459 | €25,101 | €19,059 | ▼ 24.1% |
| Land and buildings22 | €50,853 | €41,898 | €32,512 | €23,986 | €18,875 | ▼ 21.3% |
| Plant, machinery and equipment23 | €12,557 | €6,064 | - | €1,115 | €184 | ▼ 83.5% |
| Furniture and vehicles24 | €8,896 | €6,422 | €3,947 | - | - | - |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Current assets29/58 | €382,604 | €437,877 | €431,282 | €494,759 | €548,367 | ▲ 10.8% |
| Stocks and contracts in progress3 | €300,902 | €283,214 | €262,667 | €254,812 | €221,961 | ▼ 12.9% |
| Stocks30/36 | €300,902 | €283,214 | €262,667 | €254,812 | €221,961 | ▼ 12.9% |
| Amounts receivable within one year40/41 | €16,101 | €23,802 | €35,410 | €79,616 | €65,680 | ▼ 17.5% |
| Trade receivables40 | €16,101 | €23,802 | €35,410 | €54,616 | €40,680 | ▼ 25.5% |
| Other amounts receivable41 | - | - | - | €25,000 | €25,000 | = |
| Cash at bank and in hand54/58 | €64,384 | €129,643 | €131,988 | €159,113 | €259,509 | ▲ 63.1% |
| Deferred charges and accrued income490/1 | €1,217 | €1,217 | €1,217 | €1,217 | €1,217 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €455,911 | €493,260 | €468,741 | €520,860 | €568,427 | ▲ 9.1% |
| Equity10/15 | €380,492 | €423,372 | €410,148 | €454,876 | €498,503 | ▲ 9.6% |
| Contributions10/11 | €589,205 | €589,205 | €589,205 | €589,205 | €589,205 | = |
| Reserves13 | €189,632 | €189,632 | €189,632 | €189,632 | €189,632 | = |
| Tax-exempt reserves132 | €19,283 | €19,283 | €19,283 | €19,283 | €19,283 | = |
| Distributable reserves133 | €170,349 | €170,349 | €170,349 | €170,349 | €170,349 | = |
| Profit (loss) carried forward14 | -€398,346 | -€355,466 | -€368,689 | -€323,962 | -€280,335 | ▲ 13.5% |
| Amounts payable17/49 | €75,419 | €69,888 | €58,593 | €65,984 | €69,924 | ▲ 6.0% |
| Amounts payable within one year42/48 | €75,419 | €69,888 | €58,593 | €65,984 | €69,924 | ▲ 6.0% |
| Trade debts44 | €18,984 | €666 | - | - | €17,151 | - |
| Suppliers440/4 | €18,984 | €666 | - | - | €17,151 | - |
| Taxes, remuneration and social security45 | €41,436 | €54,222 | €43,593 | €50,984 | €37,773 | ▼ 25.9% |
| Taxes450/3 | €19,333 | €29,791 | €21,891 | €19,825 | €25,608 | ▲ 29.2% |
| Remuneration and social security454/9 | €22,102 | €24,430 | €21,702 | €31,159 | €12,165 | ▼ 61.0% |
| Other amounts payable47/48 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€182,532 | €42,880 | -€13,223 | €44,727 | €43,627 | ▼ 2.5% |
| + Depreciation and write-downs630 | €17,740 | €17,924 | €17,924 | €11,358 | €6,042 | ▼ 46.8% |
| Operating cash flow (approximation) | -€164,792 | €60,804 | €4,700 | €56,085 | €49,669 | ▼ 11.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €65,259 | €2,345 | €27,125 | €100,396 | ▲ 270% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €44,727
Net result €44,727 after one loss-making year.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 69 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €42,880
Net result €42,880 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet -€182,532
Net result drops to -€182,532, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 5.07
Current ratio from 1.54 to 5.07; short-term debt falls from €396,621 to €75,419.
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 55 days late
2020
31-12
Financial
Highest result since 2018net €95,952 ▲124%
Operating result €95,017, net result €95,952, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.54
Current ratio from 0.55 to 1.54; short-term debt falls from €1.4m to €396,621.
Show earlier events
31-12
Financial
Equity above €200,000Eq €291,739
2 profitable years in a row build equity to €291,739.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Back to profitnet €42,842
Net result €42,842 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 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, Gent · 1 establishment unit since 2013
Ground area
423 m²
Building footprint
423 m²
Volume, LiDAR
1,429 m³
Parcel 44816K0476/00Z005, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Vanac Colors
since 20132.219.910.920
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0476/00Z005 | Flanders | 423 m² | 1 · 423 m² | 7.9 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.
Structure & network
Owners and holdings
1 ownerChain of control
- DECKERS
- VANAC COLORS
Highest known parent: DECKERS. The sources do not say who stands above it.
Owners 1
- DECKERSparentSourceaccounts DECKERS 2025100%
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
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Of 165 companies in sector 47526 we hold annual accounts for 112. 82 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
Founded10-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
46833Wholesale trade
47526Retail trade
47783Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0501929072
Registered
07-01-2026
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.