VANACKER-COENE
InactiveFinancials · financial year 2024, abbreviated format
2024 annual accounts filed 12 days after the deadline Filed on 12 February 2025, deadline 31 January 2025 (7 months after the close on 30 June 2024, Companies Code art. 3:10). Source: NBB, 2025-00033863.
Annual accounts 2024 filed on 12-02-2025 PDF all 37 filings
Turnover
≈ €210,000
Estimated: probably between €130,000 and €400,000
Total assets
€670,720▼ 24.0%
2023 · €882,085
Net result
€25,856▲ 49.8%
2023 · €17,261
Working capital
€287,471▲ 34.7%
2023 · €213,385
Multi-year overview
2018 to 2024, 6 financial yearsOperating result
€22,229
▲ 40.6%
2024
20182024
Net result
€25,856
▲ 49.8%
2024
20182024
Equity
€657,943
▲ 4.1%
2024
20182024
Total assets
€670,720
▼ 24.0%
2024
20182024
Debt
€12,777
▼ 94.9%
2024
20182024
Working capital
€287,471
▲ 34.7%
2024
20182024
Staff (FTE)
no figure
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820202021202220232024
Operating result€0.5m-€0.1m-€0.02m▼ 81.5%€0.3m▲ 12×€0.02m▼ 93.8%€0.02m▲ 40.6%
Net result€0.5m-€0.08m-€0.02m▼ 80.2%€0.2m▲ 12×€0.02m▼ 91.1%€0.03m▲ 49.8%
Equity€2.8m-€2.9m-€2.9m▲ 0.5%€0.9m▼ 70.6%€0.6m▼ 26.1%€0.7m▲ 4.1%
Total assets€3.4m-€2.9m-€2.9m▲ 0.5%€0.9m▼ 70.5%€0.9m▲ 1.9%€0.7m▼ 24.0%
Debt€0.6m-€0.02m-€0.02m▼ 1.7%€0.01m▼ 48.4%€0.2m▲ 24×€0.01m▼ 94.9%
Working capital€2.3m-€2.5m-€2.5m▲ 1.6%€0.4m▼ 84.6%€0.2m▼ 44.6%€0.3m▲ 34.7%
Staff (FTE)2.1-1-
The operating result for 2024 is 41% higher than in 2023. It is a recovery after the fall in 2023.
Large changes and their cause
- 2022 Net result +1,145% on 2021. The previous financial year ran 6 months, this one 12.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €670,720
Fixed assets
€370,472 ▼ 11.5%
Current assets
€300,248 ▼ 35.2%
Equity and liabilities €670,720
Equity
€657,943 ▲ 4.1%
Debt
€12,777 ▼ 94.9%
Debt's share of the balance-sheet total falls from 28.3% to 1.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70,459▲
2023 · €66,531
Cash flow
€74,086▲
2023 · €67,987
Current ratio
23.50▲
2023 · 1.85
Debt to equity
0.02▼
2023 · 0.40
ROE
3.9%▲
2023 · 2.7%
ROA
3.9%▲
2023 · 2.0%
Interest coverage
63.47▲
2023 · 63.05
Debt ≤ 1 year
€12,777▼
2023 · €249,998
Income taxes
€8,400▲
2023 · €5,540
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 |
|---|---|---|---|
| Tangible fixed assets | €127,423 | - | - |
| Depreciation and write-downs of the year | €48,539 | €50,726 | €48,230 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €254,675 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €116,392 | €146,616 | €23,576 | €48,539 | €50,726 | €48,230 | ▼ 4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€5,225 | -€663 | - | - |
| Other operating charges640/8 | - | - | - | €5,467 | €3,526 | €5,061 | ▲ 43.6% |
| Gross operating margin9900 | €768,007 | €345,640 | €47,732 | €303,788 | €69,394 | €75,520 | ▲ 8.8% |
| Operating profit (loss)9901 | €548,670 | €119,207 | €21,994 | €255,007 | €15,805 | €22,229 | ▲ 40.6% |
| Financial income75/76B | - | - | - | €2,729 | €8,051 | €13,137 | ▲ 63.2% |
| Recurring financial income75 | €3,450 | €1,268 | €1 | €2,729 | €8,051 | €13,137 | ▲ 63.2% |
| Financial charges65/66B | - | - | - | €778 | €1,055 | €1,110 | ▲ 5.2% |
| Recurring financial charges65 | €16,973 | €11,550 | €1,232 | €778 | €1,055 | €1,110 | ▲ 5.2% |
| Profit (loss) for the period before taxes9903 | €535,147 | €108,924 | €20,764 | €256,959 | €22,800 | €34,256 | ▲ 50.2% |
| Income taxes67/77 | €24,957 | €32,335 | €5,200 | €63,184 | €5,540 | €8,400 | ▲ 51.6% |
| Profit (loss) for the period9904 | €510,497 | €78,435 | €15,564 | €193,775 | €17,261 | €25,856 | ▲ 49.8% |
| Profit (loss) for the period to be appropriated9905 | €55,230 | €82,829 | €15,564 | €193,775 | €17,261 | €25,856 | ▲ 49.8% |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €3.4m | €2.9m | €2.9m | €0.9m | €0.9m | €0.7m | ▼ 24.0% |
| Fixed assets21/28 | €0.6m | €0.4m | €0.4m | €0.5m | €0.4m | €0.4m | ▼ 11.5% |
| Tangible fixed assets22/27 | €0.6m | €0.4m | €0.4m | €0.5m | €0.4m | €0.4m | ▼ 11.5% |
| Land and buildings22 | - | - | - | €0.3m | €0.3m | €0.3m | ▼ 9.8% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.1m | €0.1m | ▼ 15.6% |
| Furniture and vehicles24 | - | - | - | €0.001m | €179 | - | - |
| Current assets29/58 | €2.8m | €2.5m | €2.5m | €0.4m | €0.5m | €0.3m | ▼ 35.2% |
| Stocks and contracts in progress3 | €0.2m | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1.2m | €2.4m | €2.5m | €0.4m | €0.5m | €0.3m | ▼ 35.0% |
| Trade receivables40 | - | - | - | €0.03m | €0.006m | €0.007m | ▲ 5.9% |
| Other amounts receivable41 | - | - | - | €0.4m | €0.4m | €0.3m | ▼ 35.6% |
| Cash at bank and in hand54/58 | €1.5m | €0.06m | €0.04m | €0.02m | €0.006m | €0.003m | ▼ 41.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.002m | €0.001m | ▼ 62.3% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €3.4m | €2.9m | €2.9m | €0.9m | €0.9m | €0.7m | ▼ 24.0% |
| Equity10/15 | €2.8m | €2.9m | €2.9m | €0.9m | €0.6m | €0.7m | ▲ 4.1% |
| Contributions10/11 | €0.02m | - | - | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €2.8m | €2.9m | €2.9m | €0.8m | €0.6m | €0.6m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - |
| Other1319 | - | - | - | €0.002m | €0.002m | - | - |
| Tax-exempt reserves132 | - | - | - | €0.6m | €0.6m | €0.6m | = |
| Distributable reserves133 | - | - | - | €0.3m | €0.03m | €0.04m | ▲ 5.6% |
| Profit (loss) carried forward14 | - | - | - | - | - | €0.03m | - |
| Provisions and deferred taxes16 | €0.002m | - | - | - | - | - | - |
| Amounts payable17/49 | €0.6m | €0.02m | €0.02m | €0.01m | €0.2m | €0.01m | ▼ 94.9% |
| Amounts payable after more than one year17 | €0.03m | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.6m | €0.02m | €0.02m | €0.01m | €0.2m | €0.01m | ▼ 94.9% |
| Trade debts44 | €0.4m | €0.003m | €0.008m | €0.008m | €0.008m | €0.01m | ▲ 31.8% |
| Suppliers440/4 | - | - | - | €0.008m | €0.008m | €0.01m | ▲ 31.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | €362 | €0.001m | ▲ 58.2% |
| Taxes450/3 | - | - | - | €0.001m | €362 | €0.001m | ▲ 58.2% |
| Other amounts payable47/48 | - | - | - | €0.002m | €0.2m | €0.002m | ▼ 99.4% |
| Accrued charges and deferred income492/3 | - | - | - | €28 | - | - | - |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €510,497 | €78,435 | €15,564 | €193,775 | €17,261 | €25,856 | ▲ 49.8% |
| + Depreciation and write-downs630 | €116,392 | €146,616 | €23,576 | €48,539 | €50,726 | €48,230 | ▼ 4.9% |
| Operating cash flow (approximation) | €626,889 | €225,051 | €39,139 | €242,314 | €67,987 | €74,086 | ▲ 9.0% |
| Investment in fixed assets (approximation) | - | - | €0 | -€102,098 | €0 | €0 | - |
| Change in cash | - | - | -€21,974 | -€18,757 | -€13,711 | -€2,377 | ▲ 82.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2024 | abbreviated format | 12-02-2025 | 2025-00033863 | |
| 30-06-2023 | abbreviated format | 13-12-2023 | 2023-00527219 | |
| 30-06-2022 | abbreviated format | 01-12-2022 | 2022-20529830 | |
| 30-06-2021 | abbreviated format | 02-12-2021 | 2021-79200469 | |
| 30-12-2020 | abbreviated format | 24-06-2021 | 2021-24200201 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-63700121 | |
| 31-12-2017 | abbreviated format | 30-07-2018 | 2018-39100152 | |
| 31-12-2016 | abbreviated format | 31-07-2017 | 2017-37500580 | |
| 31-12-2015 | abbreviated format | 29-07-2016 | 2016-36900157 | |
| 31-12-2014 | abbreviated format | 02-07-2015 | 2015-25000234 |