VANACKER WILLY
ActiveSummary
VANACKER WILLY has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85,812 and a net result of €12,481. Equity is shrinking by about 24% per year across the filed financial years. Its solvency ranks better than 24% of 9,760 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Financials · financial year 2025, abbreviated format
Equity
€85,812▲ 17.0%
2024 · €73,331
Total assets
€376,244▲ 17.8%
2024 · €319,481
Net result
€12,481▲ 31.5%
2024 · €9,492
Working capital
€38,996▲ 20.9%
2024 · €32,249
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 8% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€15,438
2025
Net result€12,481
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€376,244
2025
Equity€85,812
2025
Debt€290,432
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€38,996
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)3.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency22.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.17
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)3.9
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€77,305-€32,971▼ 57.3%€7,844▼ 76.2%€9,406▲ 19.9%€2,001▼ 78.7%-€41,438€16,760€15,438▼ 7.9%
Net result€42,621-€18,541▼ 56.5%€1,267below the sector's middle half▼ 93.2%€215below the sector's middle half▼ 83.0%-€4,911below the sector's middle half-€52,698below the sector's middle half▼ 973%€9,492within the sector's middle half€12,481within the sector's middle half▲ 31.5%
Equity€564,782-€222,523▼ 60.6%€223,790within the sector's middle half▲ 0.6%€224,005within the sector's middle half▲ 0.1%€116,537below the sector's middle half▼ 48.0%€63,839below the sector's middle half▼ 45.2%€73,331below the sector's middle half▲ 14.9%€85,812within the sector's middle half▲ 17.0%
Total assets€697,691-€749,107▲ 7.4%€687,354within the sector's middle half▼ 8.2%€605,427within the sector's middle half▼ 11.9%€432,388below the sector's middle half▼ 28.6%€374,013below the sector's middle half▼ 13.5%€319,481below the sector's middle half▼ 14.6%€376,244within the sector's middle half▲ 17.8%
Debt€132,909-€526,584▲ 296%€463,564▼ 12.0%€381,422▼ 17.7%€315,850▼ 17.2%€310,174▼ 1.8%€246,150▼ 20.6%€290,432▲ 18.0%
Working capital€534,461-€172,076▼ 67.8%€150,045within the sector's middle half▼ 12.8%€168,975within the sector's middle half▲ 12.6%€24,420below the sector's middle half▼ 85.5%-€2,027below the sector's middle half€32,249within the sector's middle half€38,996within the sector's middle half▲ 20.9%
Solvency81.0%-29.7%▼ 51.2pp32.6%within the sector's middle half▲ 2.9pp37.0%within the sector's middle half▲ 4.4pp27.0%within the sector's middle half▼ 10.0pp17.1%below the sector's middle half▼ 9.9pp23.0%below the sector's middle half▲ 5.9pp22.8%below the sector's middle half▼ 0.1pp
Current ratio6.00-1.37▼ 4.631.35within the sector's middle half▼ 0.021.48within the sector's middle half▲ 0.121.08below the sector's middle half▼ 0.400.99below the sector's middle half▼ 0.081.13below the sector's middle half▲ 0.141.17within the sector's middle half▲ 0.03
Return on assets (ROA)6.1%-2.5%▼ 3.6pp0.2%below the sector's middle half▼ 2.3pp0.0%below the sector's middle half▼ 0.1pp-1.1%below the sector's middle half▼ 1.2pp-14.1%below the sector's middle half▼ 13.0pp3.0%within the sector's middle half▲ 17.1pp3.3%within the sector's middle half▲ 0.3pp
Staff (FTE)3.9-4.5▲ 15.4%5.4within the sector's middle half▲ 20.0%4.7within the sector's middle half▼ 13.0%4.4within the sector's middle half▼ 6.4%4.5within the sector's middle half▲ 2.3%3.7within the sector's middle half▼ 17.8%3.9within the sector's middle half▲ 5.4%
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €376,244
Fixed assets
€101,383 ▲ 135%
Current assets
€274,861 ▼ 0.5%
Equity and liabilities €376,244
Equity
€85,812 ▲ 17.0%
Debt
€290,432 ▲ 18.0%
Debt's share of the balance-sheet total rises from 77.0% to 77.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36,508▼
2024 · €42,370
Cash flow
€33,551▼
2024 · €35,102
Quick ratio
0.50▼
2024 · 0.56
Debt to equity
3.38▲
2024 · 3.36
ROE
14.5%▲
2024 · 12.9%
Interest coverage
4.93▼
2024 · 5.95
Debt ≤ 1 year
€235,866▼
2024 · €244,116
Debt > 1 year
€50,254
Income taxes
€374▼
2024 · €705
Staff costs
€235,246▲
2024 · €217,840
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €224,458 | €197,916 | €231,825 | €217,840 | €235,246 | ▲ 8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,549 | €32,223 | €35,492 | €34,388 | €29,956 | €30,478 | €25,610 | €21,070 | ▼ 17.7% |
| Other operating charges640/8 | - | - | - | €3,254 | €3,520 | €2,752 | €3,816 | €4,233 | ▲ 10.9% |
| Gross operating margin9900 | €287,781 | €267,897 | €268,269 | €271,506 | €233,393 | €223,617 | €264,026 | €275,987 | ▲ 4.5% |
| Operating profit (loss)9901 | €77,305 | €32,971 | €7,844 | €9,406 | €2,001 | -€41,438 | €16,760 | €15,438 | ▼ 7.9% |
| Financial income75/76B | - | - | - | €0 | - | - | €557 | €4,824 | ▲ 765% |
| Recurring financial income75 | €362 | €831 | €48 | €0 | - | - | €557 | €4,824 | ▲ 765% |
| Financial charges65/66B | - | - | - | €5,969 | €4,928 | €10,515 | €7,121 | €7,406 | ▲ 4.0% |
| Recurring financial charges65 | €16,535 | €7,796 | €4,885 | €5,969 | €4,928 | €10,515 | €7,121 | €7,406 | ▲ 4.0% |
| Profit (loss) for the period before taxes9903 | €61,132 | €26,006 | €3,007 | €3,437 | -€2,927 | -€51,953 | €10,197 | €12,856 | ▲ 26.1% |
| Income taxes67/77 | €18,511 | €7,465 | €1,740 | €3,222 | €1,983 | €745 | €705 | €374 | ▼ 46.9% |
| Profit (loss) for the period9904 | €42,621 | €18,541 | €1,267 | €215 | -€4,911 | -€52,698 | €9,492 | €12,481 | ▲ 31.5% |
| Profit (loss) for the period to be appropriated9905 | €42,621 | €18,541 | €1,267 | €215 | -€4,911 | -€52,698 | €9,492 | €12,481 | ▲ 31.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €697,691 | €749,107 | €687,354 | €605,427 | €432,388 | €374,013 | €319,481 | €376,244 | ▲ 17.8% |
| Fixed assets21/28 | €56,411 | €113,476 | €113,880 | €80,833 | €92,118 | €65,866 | €43,115 | €101,383 | ▲ 135% |
| Tangible fixed assets22/27 | €56,031 | €112,971 | €113,380 | €80,833 | €92,118 | €65,866 | €42,115 | €100,383 | ▲ 138% |
| Plant, machinery and equipment23 | - | - | - | €11,658 | €8,705 | €7,250 | €4,855 | €2,921 | ▼ 39.8% |
| Furniture and vehicles24 | - | - | - | €44,063 | €50,578 | €29,978 | €12,820 | €77,219 | ▲ 502% |
| Other tangible fixed assets26 | - | - | - | €25,112 | €32,835 | €28,637 | €24,440 | €20,242 | ▼ 17.2% |
| Financial fixed assets28 | €380 | €505 | €500 | €0 | - | - | €1,000 | €1,000 | = |
| Current assets29/58 | €641,280 | €635,631 | €573,474 | €524,594 | €340,270 | €308,148 | €276,366 | €274,861 | ▼ 0.5% |
| Stocks and contracts in progress3 | €276,945 | €217,385 | €280,277 | €217,525 | €122,826 | €115,518 | €139,998 | €156,894 | ▲ 12.1% |
| Stocks30/36 | - | - | - | €201,982 | €44,080 | €61,768 | €85,383 | €104,894 | ▲ 22.9% |
| Contracts in progress37 | - | - | - | €15,543 | €78,746 | €53,750 | €54,615 | €52,000 | ▼ 4.8% |
| Amounts receivable within one year40/41 | €96,881 | €90,321 | €43,361 | €136,898 | €150,460 | €178,826 | €88,486 | €78,545 | ▼ 11.2% |
| Trade receivables40 | - | - | - | €133,837 | €145,409 | €169,418 | €82,173 | €50,219 | ▼ 38.9% |
| Other amounts receivable41 | - | - | - | €3,061 | €5,051 | €9,408 | €6,313 | €28,327 | ▲ 349% |
| Current investments50/53 | - | - | €1,000 | €1,000 | €1,000 | €1,000 | €0 | - | - |
| Cash at bank and in hand54/58 | €266,454 | €320,752 | €226,335 | €169,171 | €65,984 | €12,803 | €47,104 | €32,815 | ▼ 30.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €778 | €6,608 | ▲ 750% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €697,691 | €749,107 | €687,354 | €605,427 | €432,388 | €374,013 | €319,481 | €376,244 | ▲ 17.8% |
| Equity10/15 | €564,782 | €222,523 | €223,790 | €224,005 | €116,537 | €63,839 | €73,331 | €85,812 | ▲ 17.0% |
| Contributions10/11 | €380,000 | €22,000 | - | €22,000 | €22,000 | €22,000 | €22,000 | €22,000 | = |
| Reserves13 | €184,782 | €200,523 | €201,790 | €202,005 | €99,166 | €99,166 | €99,166 | €99,166 | = |
| Distributable reserves133 | - | - | - | €202,005 | €99,166 | €99,166 | €99,166 | €99,166 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€4,629 | -€57,327 | -€47,835 | -€35,354 | ▲ 26.1% |
| Amounts payable17/49 | €132,909 | €526,584 | €463,564 | €381,422 | €315,850 | €310,174 | €246,150 | €290,432 | ▲ 18.0% |
| Amounts payable after more than one year17 | €25,287 | €62,895 | €40,136 | €25,416 | €0 | - | - | €50,254 | - |
| Financial debts170/4 | - | - | - | €25,416 | €0 | - | - | €50,254 | - |
| Amounts payable within one year42/48 | €106,819 | €463,555 | €423,429 | €355,619 | €315,850 | €310,174 | €244,116 | €235,866 | ▼ 3.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,720 | €25,416 | €12,217 | €0 | €13,278 | - |
| Trade debts44 | €36,149 | €53,178 | €44,858 | €47,735 | €40,205 | €46,451 | €45,847 | €32,129 | ▼ 29.9% |
| Suppliers440/4 | - | - | - | €47,735 | €40,205 | €46,451 | €45,847 | €32,129 | ▼ 29.9% |
| Taxes, remuneration and social security45 | - | - | - | €12,273 | €18,817 | €14,318 | €16,570 | €26,564 | ▲ 60.3% |
| Taxes450/3 | - | - | - | €5,324 | €3,655 | €2,737 | €944 | €1,725 | ▲ 82.8% |
| Remuneration and social security454/9 | - | - | - | €6,949 | €15,161 | €11,581 | €15,626 | €24,839 | ▲ 59.0% |
| Other amounts payable47/48 | - | - | - | €280,892 | €231,412 | €237,188 | €181,700 | €163,895 | ▼ 9.8% |
| Accrued charges and deferred income492/3 | - | - | - | €387 | €0 | - | €2,034 | €4,313 | ▲ 112% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,621 | €18,541 | €1,267 | €215 | -€4,911 | -€52,698 | €9,492 | €12,481 | ▲ 31.5% |
| + Depreciation and write-downs630 | €29,549 | €32,223 | €35,492 | €34,388 | €29,956 | €30,478 | €25,610 | €21,070 | ▼ 17.7% |
| Operating cash flow (approximation) | €72,170 | €50,764 | €36,759 | €34,603 | €25,045 | -€22,220 | €35,102 | €33,551 | ▼ 4.4% |
| Investment in fixed assets (approximation) | - | -€89,288 | -€35,897 | -€1,341 | -€41,240 | -€4,226 | -€2,860 | -€79,337 | ▼ 2,675% |
| Change in cash | - | €54,298 | -€94,417 | -€57,164 | -€103,186 | -€53,181 | €34,301 | -€14,289 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-06-2026 | 2026-00187320 |
| 31-12-2024 | abbreviated format | 31-07-2025 | 2025-00336043 |
| 31-12-2023 | abbreviated format | 08-10-2024 | 2024-00499312 |
| 31-12-2022 | abbreviated format | 22-06-2023 | 2023-00146430 |
| 31-12-2021 | abbreviated format | 27-08-2022 | 2022-20328659 |
| 31-12-2020 | abbreviated format | 21-12-2021 | 2021-81200171 |
| 31-12-2019 | abbreviated format | 03-09-2020 | 2020-50800569 |
| 31-12-2018 | abbreviated format | 22-08-2019 | 2019-52200199 |
| 31-12-2017 | abbreviated format | 13-08-2018 | 2018-45400419 |
| 31-12-2016 | abbreviated format | 20-03-2017 | 2017-06700220 |
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Of the 19,852 active companies whose main activity is joinery installation (NACE 43320), figures are known for 9,196. 7,744 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.