VANACOR
ActiveSummary
VANACOR has the legal form “Partnership limited by shares” in the KBO; Checked does not compute a bankruptcy probability for it. The 2025 annual accounts show equity of €168,526 and a net result of €3,111. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
≈ €45,000
Estimated: probably between €21,000 and €110,000
Total assets
€293,460▼ 0.1%
2024 · €293,618
Net result
€3,111▼ 97.4%
2024 · €121,884
Working capital
-€124,029▲ 2.4%
2024 · -€127,141
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 97% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€4,422
2025
Net result€3,111
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€293,460
2025
Equity€168,526
2025
Debt€124,933
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€124,029
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€22,967--€15,053▲ 34.5%-€11,148▲ 25.9%-€11,514▼ 3.3%-€7,178▲ 37.7%€143,653€4,422▼ 96.9%
Net result-€27,485--€18,631▲ 32.2%-€13,778▲ 26.0%-€13,780=-€8,422▲ 38.9%€121,884€3,111▼ 97.4%
Equity€98,141-€79,510▼ 19.0%€65,733▼ 17.3%€51,953▼ 21.0%€43,530▼ 16.2%€165,415▲ 280%€168,526▲ 1.9%
Total assets€214,653-€200,221▼ 6.7%€190,891▼ 4.7%€181,021▼ 5.2%€170,378▼ 5.9%€293,618▲ 72.3%€293,460▼ 0.1%
Debt€116,512-€120,711▲ 3.6%€125,159▲ 3.7%€129,068▲ 3.1%€126,847▼ 1.7%€128,203▲ 1.1%€124,933▼ 2.6%
Working capital-€42,536--€66,890▼ 57.3%-€94,012▼ 40.5%-€114,096▼ 21.4%-€122,816▼ 7.6%-€127,141▼ 3.5%-€124,029▲ 2.4%
Staff (FTE)0-00
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €293,460
Fixed assets
€292,555 =
Current assets
€904 ▼ 14.9%
Equity and liabilities €293,460
Equity
€168,526 ▲ 1.9%
Debt
€124,933 ▼ 2.6%
Debt's share of the balance-sheet total falls from 43.7% to 42.6%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.01▼
2024 · 0.01
Debt to equity
0.74▼
2024 · 0.78
ROE
1.8%▼
2024 · 73.7%
ROA
1.1%▼
2024 · 41.5%
Debt ≤ 1 year
€124,933▼
2024 · €128,203
Income taxes
€1,159▼
2024 · €21,400
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €126,907 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,097 | €8,097 | €8,145 | €9,438 | €9,438 | - | - | - |
| Other operating charges640/8 | - | - | - | €1,548 | €1,417 | €1,096 | €1,455 | ▲ 32.8% |
| Gross operating margin9900 | -€13,186 | -€5,091 | -€1,346 | -€528 | €3,678 | €144,749 | €5,877 | ▼ 95.9% |
| Operating profit (loss)9901 | -€22,967 | -€15,053 | -€11,148 | -€11,514 | -€7,178 | €143,653 | €4,422 | ▼ 96.9% |
| Financial income75/76B | - | - | - | - | €0 | - | - | - |
| Recurring financial income75 | €28 | €0 | €0 | - | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €2,266 | €1,245 | €369 | €152 | ▼ 58.9% |
| Recurring financial charges65 | €4,278 | €3,577 | €2,897 | €2,266 | €1,245 | €369 | €152 | ▼ 58.9% |
| Profit (loss) for the period before taxes9903 | -€27,217 | -€18,631 | -€14,046 | -€13,780 | -€8,422 | €143,284 | €4,270 | ▼ 97.0% |
| Income taxes67/77 | €268 | €0 | -€268 | - | - | €21,400 | €1,159 | ▼ 94.6% |
| Profit (loss) for the period9904 | -€27,485 | -€18,631 | -€13,778 | -€13,780 | -€8,422 | €121,884 | €3,111 | ▼ 97.4% |
| Profit (loss) for the period to be appropriated9905 | -€27,485 | -€18,631 | -€13,778 | -€13,780 | -€8,422 | €121,884 | €3,111 | ▼ 97.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €214,653 | €200,221 | €190,891 | €181,021 | €170,378 | €293,618 | €293,460 | ▼ 0.1% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €195,973 | €187,877 | €185,484 | €176,045 | €166,607 | €292,555 | €292,555 | = |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €195,973 | €187,877 | €185,484 | €176,045 | €166,607 | €292,555 | €292,555 | = |
| Land and buildings22 | - | - | - | €173,169 | €165,648 | €292,555 | €292,555 | = |
| Furniture and vehicles24 | - | - | - | €2,876 | €959 | - | - | - |
| Financial fixed assets28 | €0 | €0 | €0 | - | - | - | - | - |
| Current assets29/58 | €18,680 | €12,345 | €5,408 | €4,976 | €3,771 | €1,063 | €904 | ▼ 14.9% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €2,334 | €2,049 | €2,098 | €2,128 | €510 | €547 | €565 | ▲ 3.3% |
| Other amounts receivable41 | - | - | - | €2,128 | €510 | €547 | €565 | ▲ 3.3% |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €15,124 | €8,327 | €1,437 | €946 | €2,106 | €256 | €114 | ▼ 55.6% |
| Deferred charges and accrued income490/1 | - | - | - | €1,902 | €1,155 | €259 | €225 | ▼ 13.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €214,653 | €200,221 | €190,891 | €181,021 | €170,378 | €293,618 | €293,460 | ▼ 0.1% |
| Equity10/15 | €98,141 | €79,510 | €65,733 | €51,953 | €43,530 | €165,415 | €168,526 | ▲ 1.9% |
| Contributions10/11 | €75,000 | - | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | - | - | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Issued capital100 | - | - | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | €127,500 | €127,500 | = |
| Non-distributable reserves130/1 | - | - | - | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Legal reserve130 | - | - | - | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Distributable reserves133 | - | - | - | - | - | €120,000 | €120,000 | = |
| Profit (loss) carried forward14 | €15,641 | -€2,990 | -€16,767 | -€30,547 | -€38,970 | -€37,085 | -€33,974 | ▲ 8.4% |
| Amounts payable17/49 | €116,512 | €120,711 | €125,159 | €129,068 | €126,847 | €128,203 | €124,933 | ▼ 2.6% |
| Amounts payable after more than one year17 | €55,296 | €40,911 | €25,739 | €9,736 | - | - | - | - |
| Financial debts170/4 | - | - | - | €9,736 | - | - | - | - |
| Amounts payable within one year42/48 | €61,216 | €79,235 | €99,419 | €119,071 | €126,587 | €128,203 | €124,933 | ▼ 2.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €16,003 | €9,736 | - | - | - |
| Trade debts44 | €708 | - | - | - | €73 | - | - | - |
| Suppliers440/4 | - | - | - | - | €73 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | - | €15,400 | €1,165 | ▼ 92.4% |
| Taxes450/3 | - | - | - | - | - | €15,400 | €1,165 | ▼ 92.4% |
| Other amounts payable47/48 | - | - | - | €103,068 | €116,778 | €112,803 | €123,768 | ▲ 9.7% |
| Accrued charges and deferred income492/3 | - | - | - | €261 | €261 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,485 | -€18,631 | -€13,778 | -€13,780 | -€8,422 | €121,884 | €3,111 | ▼ 97.4% |
| + Depreciation and write-downs630 | €8,097 | €8,097 | €8,145 | €9,438 | €9,438 | - | - | - |
| Operating cash flow (approximation) | -€19,388 | -€10,534 | -€5,633 | -€4,342 | €1,016 | €121,884 | €3,111 | ▼ 97.4% |
| Investment in fixed assets (approximation) | - | €0 | -€5,752 | €0 | €0 | -€125,948 | €0 | - |
| Change in cash | - | -€6,796 | -€6,890 | -€492 | €1,160 | -€1,849 | -€142 | ▲ 92.3% |
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 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 27-04-2026 | 2026-00088315 |
| 30-09-2024 | micro format | 13-04-2025 | 2025-00068569 |
| 30-09-2023 | micro format | 31-03-2024 | 2024-00053449 |
| 30-09-2022 | micro format | 01-04-2023 | 2023-00051473 |
| 30-09-2021 | micro format | 31-03-2022 | 2022-09800380 |
| 30-09-2020 | micro format | 05-04-2021 | 2021-09700135 |
| 30-09-2019 | micro format | 30-03-2020 | 2020-07900085 |
| 30-09-2018 | micro format | 09-04-2019 | 2019-09700155 |
| 30-09-2017 | micro format | 31-03-2018 | 2018-08900585 |
| 30-09-2016 | abbreviated format | 27-04-2017 | 2017-10600361 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.