VANAL
ActiveSummary
VANAL has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €630,053 and a net result of -€27,338. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 42% of 9634 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability24▼-12
Solvency57▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.46 in 2023; short-term debt: 67.5% and cash: 4.4% of total assets), and 67.9% of the assets are financed with debt.
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Signals
Six 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
32.1%
Return on assets
-1.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d late
2023
70 d late
2022
31 d late
2021
30 d late
2020
4 d late
2019
70 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 44 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 (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€630,053▼ 4.2%
2023 · €657,392
Total assets
€2.0m▲ 0.1%
2023 · €2.0m
Net result
-€27,338
2023 · €26,293
Working capital
€554,560▼ 6.1%
2023 · €590,521
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
Line20202021202220232024
Operating result-€34,909€70,258€74,659▲ 6.3%€88,242▲ 18.2%€51,624▼ 41.5%
Net result-€70,529below the sector's middle half€36,020within the sector's middle half€34,751within the sector's middle half▼ 3.5%€26,293within the sector's middle half▼ 24.3%-€27,338below the sector's middle half
Equity€560,327within the sector's middle half▼ 11.2%€596,347within the sector's middle half▲ 6.4%€631,098within the sector's middle half▲ 5.8%€657,392within the sector's middle half▲ 4.2%€630,053within the sector's middle half▼ 4.2%
Total assets€1.8mabove the sector's middle half▼ 6.7%€1.9mabove the sector's middle half▲ 4.9%€1.9mabove the sector's middle half▲ 3.0%€2.0mabove the sector's middle half▲ 2.3%€2.0mabove the sector's middle half▲ 0.1%
Debt€1.2m▼ 4.4%€1.3m▲ 4.2%€1.3m▲ 1.7%€1.3m▲ 1.4%€1.3m▲ 2.2%
Working capital€526,715above the sector's middle half▼ 11.1%€552,052above the sector's middle half▲ 4.8%€596,394above the sector's middle half▲ 8.0%€590,521above the sector's middle half▼ 1.0%€554,560above the sector's middle half▼ 6.1%
Solvency31.6%within the sector's middle half▼ 1.6pp32.1%within the sector's middle half▲ 0.5pp33.0%within the sector's middle half▲ 0.9pp33.5%within the sector's middle half▲ 0.6pp32.1%within the sector's middle half▼ 1.4pp
Current ratio1.43within the sector's middle half▼ 0.031.45within the sector's middle half▲ 0.011.48within the sector's middle half▲ 0.031.46within the sector's middle half▼ 0.021.42within the sector's middle half▼ 0.04
Return on assets (ROA)-4.0%below the sector's middle half▼ 5.3pp1.9%within the sector's middle half▲ 5.9pp1.8%within the sector's middle half▼ 0.1pp1.3%within the sector's middle half▼ 0.5pp-1.4%below the sector's middle half▼ 2.7pp
Staff (FTE)9above the sector's middle half▼ 10.9%7.5within the sector's middle half▼ 16.7%7.2within the sector's middle half▼ 4.0%7.6above the sector's middle half▲ 5.6%7.2within the sector's middle half▼ 5.3%
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 schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 41% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.0m
Fixed assets
€82,389 ▼ 7.3%
Current assets
€1.9m ▲ 0.4%
Equity and liabilities €2.0m
Equity
€630,053 ▼ 4.2%
Debt
€1.3m ▲ 2.2%
Debt's share of the balance-sheet total rises from 66.5% to 67.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€70,600▼
2023 · €104,745
Cash flow
-€8,362▼
2023 · €42,797
Quick ratio
0.41▼
2023 · 0.43
Debt to equity
2.11▲
2023 · 1.98
ROE
-4.3%▼
2023 · 4.0%
Interest coverage
0.87▼
2023 · 1.82
Debt ≤ 1 year
€1.3m▲
2023 · €1.3m
Debt > 1 year
€6,896▼
2023 · €22,017
Income taxes
-€705▼
2023 · €6,008
Staff costs
€457,616▼
2023 · €468,489
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 12,321 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,266 | €2,479 | €207 | €1,391 | ▲ 573% |
| Remuneration, social security and pensions62 | - | €357,197 | €411,938 | €468,489 | €457,616 | ▼ 2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,254 | €17,220 | €13,843 | €16,503 | €18,976 | ▲ 15.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€18,399 | - |
| Other operating charges640/8 | - | €20,504 | €56,444 | €44,543 | €61,509 | ▲ 38.1% |
| Gross operating margin9900 | €339,375 | €465,180 | €556,884 | €617,777 | €571,326 | ▼ 7.5% |
| Operating profit (loss)9901 | -€34,909 | €70,258 | €74,659 | €88,242 | €51,624 | ▼ 41.5% |
| Financial income75/76B | - | €3,303 | €2,396 | €1,537 | €1,782 | ▲ 16.0% |
| Recurring financial income75 | €6,301 | €3,303 | €2,396 | €1,537 | €1,782 | ▲ 16.0% |
| Financial charges65/66B | - | €37,406 | €42,163 | €57,477 | €81,449 | ▲ 41.7% |
| Recurring financial charges65 | €38,071 | €37,406 | €42,163 | €57,477 | €81,449 | ▲ 41.7% |
| Profit (loss) for the period before taxes9903 | -€66,679 | €36,155 | €34,892 | €32,301 | -€28,044 | ▼ 187% |
| Income taxes67/77 | €3,850 | €134 | €141 | €6,008 | -€705 | ▼ 112% |
| Profit (loss) for the period9904 | -€70,529 | €36,020 | €34,751 | €26,293 | -€27,338 | ▼ 204% |
| Profit (loss) for the period to be appropriated9905 | -€70,529 | €36,020 | €34,751 | €26,293 | -€27,338 | ▼ 204% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.9m | €1.9m | €2.0m | €2.0m | ▲ 0.1% |
| Fixed assets21/28 | €33,612 | €78,146 | €73,385 | €88,888 | €82,389 | ▼ 7.3% |
| Tangible fixed assets22/27 | €31,602 | €76,136 | €71,375 | €87,088 | €80,589 | ▼ 7.5% |
| Land and buildings22 | - | €64,043 | €55,864 | €47,794 | €40,804 | ▼ 14.6% |
| Plant, machinery and equipment23 | - | €3,270 | €3,379 | €1,642 | €5,471 | ▲ 233% |
| Furniture and vehicles24 | - | €8,823 | €12,132 | €37,651 | €34,315 | ▼ 8.9% |
| Financial fixed assets28 | €2,010 | €2,010 | €2,010 | €1,800 | €1,800 | = |
| Current assets29/58 | €1.7m | €1.8m | €1.8m | €1.9m | €1.9m | ▲ 0.4% |
| Stocks and contracts in progress3 | €1.2m | €1.3m | €1.3m | €1.3m | €1.3m | ▲ 1.7% |
| Stocks30/36 | - | €1.2m | €1.3m | €1.3m | €1.3m | ▲ 1.0% |
| Contracts in progress37 | - | €36,183 | €67,625 | €57,588 | €67,778 | ▲ 17.7% |
| Amounts receivable within one year40/41 | €450,524 | €467,342 | €473,110 | €454,891 | €442,675 | ▼ 2.7% |
| Trade receivables40 | - | €467,342 | €473,110 | €454,891 | €439,189 | ▼ 3.5% |
| Other amounts receivable41 | - | - | - | - | €3,487 | - |
| Cash at bank and in hand54/58 | €103,062 | €58,345 | €49,190 | €99,430 | €87,015 | ▼ 12.5% |
| Deferred charges and accrued income490/1 | - | €2,120 | €778 | €2,149 | €12,793 | ▲ 495% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.9m | €1.9m | €2.0m | €2.0m | ▲ 0.1% |
| Equity10/15 | €560,327 | €596,347 | €631,098 | €657,392 | €630,053 | ▼ 4.2% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €460,327 | €496,347 | €531,098 | €557,392 | €530,053 | ▼ 4.9% |
| Non-distributable reserves130/1 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Legal reserve130 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Tax-exempt reserves132 | - | €42,137 | €42,137 | €42,137 | €42,137 | = |
| Distributable reserves133 | - | €444,210 | €478,961 | €505,254 | €477,916 | ▼ 5.4% |
| Amounts payable17/49 | €1.2m | €1.3m | €1.3m | €1.3m | €1.3m | ▲ 2.2% |
| Amounts payable after more than one year17 | - | €33,851 | €38,682 | €22,017 | €6,896 | ▼ 68.7% |
| Financial debts170/4 | - | €33,851 | €38,682 | €22,017 | €6,896 | ▼ 68.7% |
| Amounts payable within one year42/48 | €1.2m | €1.2m | €1.2m | €1.3m | €1.3m | ▲ 3.5% |
| Current portion of amounts payable after more than one year42 | - | €103,145 | €62,992 | €59,108 | €50,010 | ▼ 15.4% |
| Financial debts43 | - | €715,000 | €715,000 | €715,000 | €715,000 | = |
| Credit institutions430/8 | - | €715,000 | €715,000 | €715,000 | €715,000 | = |
| Trade debts44 | €181,300 | €209,032 | €238,767 | €229,635 | €235,880 | ▲ 2.7% |
| Suppliers440/4 | - | €209,032 | €238,767 | €229,635 | €235,880 | ▲ 2.7% |
| Advances received on contracts in progress46 | - | €2,225 | €1,000 | - | - | - |
| Taxes, remuneration and social security45 | - | €124,334 | €132,020 | €182,809 | €184,512 | ▲ 0.9% |
| Taxes450/3 | - | €59,806 | €76,464 | €105,572 | €111,184 | ▲ 5.3% |
| Remuneration and social security454/9 | - | €64,528 | €55,556 | €77,237 | €73,329 | ▼ 5.1% |
| Other amounts payable47/48 | - | €75,012 | €95,527 | €93,996 | €139,390 | ▲ 48.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€70,529 | €36,020 | €34,751 | €26,293 | -€27,338 | ▼ 204% |
| + Depreciation and write-downs630 | €16,254 | €17,220 | €13,843 | €16,503 | €18,976 | ▲ 15.0% |
| Operating cash flow (approximation) | -€54,275 | €53,241 | €48,594 | €42,797 | -€8,362 | ▼ 120% |
| Investment in fixed assets (approximation) | - | -€61,754 | -€9,082 | -€32,006 | -€12,478 | ▲ 61.0% |
| Change in cash | - | -€44,717 | -€9,154 | €50,240 | -€12,415 | ▼ 125% |
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
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 56 days late
2024
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 70 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Back to profitnet €36,020
Net result €36,020 after one loss-making year.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 4 days late
2020
31-12
Financial
Weakest financial yearnet -€70,529
Net result drops to -€70,529, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 70 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 10 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, Brecht · 2 establishment units since 1985
Ground area
2,943 m²
Building footprint
896 m²
Volume, LiDAR
5,564 m³
2 parcels, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Bredabaan 1027, 2930 Brasschaat
since 19852.027.745.111
VANAL
since 20062.155.639.413
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11042A0001/00T044 | Flanders | 1,906 m² | 1 · 745 m² | 7.5 m · 2 fl. |
| 11008H0316/00S005 | Flanders | 1,036 m² | 1 · 151 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 948 companies in sector 47792 we hold annual accounts for 185. 98 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-07-1985
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
47792Retail sale of second-hand clothing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427592331
Registered
20-11-2025
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.