VANASSCHE Firefighting Engineering
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 24-12-2025 PDF all 47 filings
Turnover
€18.7m▼ 18.1%
2024 · €22.9m
EBIT margin
3.6%▲ 4.5pp
2024 · -0.9%
Net result
€489,461
2024 · -€274,343
Working capital
€8.7m▼ 9.5%
2024 · €9.7m
In the rankings
#10 company by equity in Harelbeke, Manufacturing sector
Multi-year overview
2019 to 2025, 6 financial yearsTurnover
€18.7m
▼ 18.1%
2025
20192025
Operating result
€669,039
2025
20192025
Net result
€489,461
2025
middle half of the sector
20192025
EBIT margin
3.6%
▲ 4.5pp
2025
20192025
Equity
€9.0m
▲ 5.7%
2025
highest quarter of the sector
20192025
Total assets
€13.6m
▼ 1.7%
2025
middle half of the sector
20192025
Debt
€4.6m
▼ 13.7%
2025
20192025
Working capital
€8.7m
▼ 9.5%
2025
highest quarter of the sector
20192025
Solvency
66.4%
▲ 4.7pp
2025
highest quarter of the sector
20192025
Current ratio
3.50
▼ 1.14
2025
highest quarter of the sector
20192025
Return on assets (ROA)
3.6%
▲ 5.6pp
2025
middle half of the sector
20192025
Staff (FTE)
37.6
▼ 2.1%
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220242025
Turnover€13.5m-€14.0m▲ 3.6%€14.7m▲ 5.5%€11.5m▼ 21.7%€22.9m-€18.7m▼ 18.1%
Operating result€0.9m-€0.07m▼ 92.6%€0.8m▲ 12×€0.4m▼ 58.1%-€0.2m-€0.7m
Net result€0.6m-€0.06mwithin the sector's middle half▼ 90.1%€0.6mwithin the sector's middle half▲ 950%€0.2mwithin the sector's middle half▼ 64.4%-€0.3mbelow the sector's middle half-€0.5mwithin the sector's middle half
EBIT margin6.9%-0.5%▼ 6.4pp5.7%▲ 5.2pp3.0%▼ 2.6pp-0.9%-3.6%▲ 4.5pp
Equity€7.9m-€7.9mabove the sector's middle half▲ 0.8%€8.6mabove the sector's middle half▲ 8.0%€8.8mabove the sector's middle half▲ 2.6%€8.5mwithin the sector's middle half-€9.0mabove the sector's middle half▲ 5.7%
Total assets€9.8m-€10.0mwithin the sector's middle half▲ 2.2%€10.4mwithin the sector's middle half▲ 3.4%€11.1mwithin the sector's middle half▲ 7.0%€13.8mwithin the sector's middle half-€13.6mwithin the sector's middle half▼ 1.7%
Debt€1.9m-€2.1m▲ 8.0%€1.8m▼ 14.1%€2.3m▲ 27.8%€5.3m-€4.6m▼ 13.7%
Working capital€6.2m-€6.1mabove the sector's middle half▼ 2.6%€6.2mabove the sector's middle half▲ 2.8%€6.6mabove the sector's middle half▲ 5.7%€9.7mabove the sector's middle half-€8.7mabove the sector's middle half▼ 9.5%
Solvency80.3%-79.2%above the sector's middle half▼ 1.1pp82.7%above the sector's middle half▲ 3.5pp79.4%above the sector's middle half▼ 3.4pp61.7%above the sector's middle half-66.4%above the sector's middle half▲ 4.7pp
Current ratio4.22-3.91above the sector's middle half▼ 0.324.48above the sector's middle half▲ 0.573.92above the sector's middle half▼ 0.564.64above the sector's middle half-3.50above the sector's middle half▼ 1.14
Return on assets (ROA)6.2%-0.6%within the sector's middle half▼ 5.6pp6.1%within the sector's middle half▲ 5.5pp2.0%within the sector's middle half▼ 4.1pp-2.0%below the sector's middle half-3.6%within the sector's middle half▲ 5.6pp
Staff (FTE)36.1-38.5within the sector's middle half▲ 6.6%42.5within the sector's middle half▲ 10.4%39.8within the sector's middle half▼ 6.4%38.4within the sector's middle half-37.6within the sector's middle half▼ 2.1%
above
within
below
The sector band is the middle half of the companies in Manufacture of machinery and equipment not elsewhere classified (NACE 28). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €669,039, after a loss of €214,889 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.6m
Fixed assets
€1.4m ▼ 10.8%
Current assets
€12.2m ▼ 0.6%
Equity and liabilities €13.6m
Equity
€9.0m ▲ 5.7%
Debt
€4.6m ▼ 13.7%
Debt's share of the balance-sheet total falls from 38.3% to 33.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€833,288▲
2024 · €91,740
Cash flow
€653,709▲
2024 · €32,286
Quick ratio
1.41▼
2024 · 1.42
Debt to equity
0.51▼
2024 · 0.62
ROE
5.4%▲
2024 · -3.2%
Interest coverage
34.28▲
2024 · 0.89
Debt ≤ 1 year
€3.5m▲
2024 · €2.7m
Debt > 1 year
€1.0m▼
2024 · €2.6m
Income taxes
€190,371▲
2024 · €2,348
Customer credit
52 days▲
2024 · 44 days
Supplier credit
67 days▲
2024 · 38 days
Staff costs
€2.7m▼
2024 · €4.9m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2022 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 39 | 40 | 40 |
| full-time | 34 | 31 | 31 |
| part-time | 5 | 9 | 9 |
| in full-time equivalents | 37.9 | 37.7 | 37.8 |
| Average over the year, in full-time equivalents | 39.8 | 38.4 | 37.6 |
| On a permanent contract | 39 | 40 | 40 |
| Joined | 2 | 11 | 8 |
| Left | 6 | 10 | 8 |
| Agency workers, average number | 0.2 | 0.8 | 1.7 |
| Training hours | - | 1,874 | 1,100 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
| Item | 30-09-2022 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|
| Pledge on the business | - | €247,894 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2022 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|
| Tangible fixed assets | €296,723 | €110,709 | €41,354 |
| Depreciation and write-downs of the year | €189,971 | €306,629 | €164,249 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Auditor
The auditor is BOES & VERRUE BEDRIJFSREVISOREN.
| Item | 30-09-2022 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|
| Fee for the audit | €5,000 | €5,000 | €5,000 |
Source: notes to the 2022 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 5 entries · €2,973 awarded · €3,108 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €1,308 | €1,308 |
| 2024 | 1 | €131 | €131 |
| 2023 | 1 | €1,267 | €1,402 |
| 2022 | 1 | €267 | €267 |
Public contracts
54 awards · 2023 to 2026
Leveren van interventiemateriaal voor het magazijnbeheer van Brandweer Westhoek: Zeeppatroon
Leveren van interventiemateriaal voor het magazijnbeheer van Brandweer Westhoek: Robuuste draagbare schijnwerper
Leveren van interventiemateriaal voor het magazijnbeheer van Brandweer Westhoek: Persslang 45 mm 20 meter DSP
Leveren van interventiemateriaal voor het magazijnbeheer van Brandweer Westhoek: Persslang 70 mm 20 meter DSP
Leveren van interventiemateriaal voor het magazijnbeheer van Brandweer Westhoek: Persslang 45 mm 10 meter DSP
Show 45 more contracts
Leveren van interventiemateriaal voor het magazijnbeheer van Brandweer Westhoek: Buisafdichtkussen 600-1200 1,5 BAR
Leveren van interventiemateriaal voor het magazijnbeheer van Brandweer Westhoek: Straalpijp G-Force
Levering van apparatuur voor autopompen en interventiemateriaal: Levering van elektrische, verlichtings- en afbakeningsapparatuur
Aankoop 6 ziekenwagens
Levering van apparatuur voor autopompen en interventiemateriaal: Levering van brandweermateriaal
Levering van apparatuur voor autopompen en interventiemateriaal: Levering van bevrijdings- en reddingsmateriaal
Batterij aangedreven hydraulisch redgereedschap: R2/2026 - 1
CDA 2025-015 - ACCORD-CADRE DE SERVICES (ACCOMPAGNÉS DE FOURNITURES CONNEXES) AYANT POUR OBJET, EN PRINCIPAL, LA VÉRIFICATION ET LA MAINTENANCE DES MOYENS DE LUTTES ET DE PRÉVENTION INCENDIE ET, EN ACCESSOIRE, LA FOURNITURE DESDITS MOYENS: CDA 2025-015 - LOT 03 - FOURNITURE D'ÉQUIPEMENTS DE SECONDE INTERVENTION (STANDPIPES, TUYAUX DE REFOULEMENT DSP, DIVISIONS, LANCES, CANONS OSCILLANTS, CLÉS DIVERSES ET ACCESSOIRES, ETC.)
Aankoop schuimsledecontainer
Raamovereenkomst via een openbare procedure voor de levering, het onderhoud en de herstelling van Multifunctionele autopomp CBRN voor rekening van de FOD Binnenlandse Zaken: MAT33-495-24 - 1
De aankoop van 01 ingericht Logistiek Chemisch Biologisch Radiologisch en Nucleair (CBRN) voertuig ten voordele van het Militair Hospitaal Koningin Astrid (MHKA).: L'achat d'une ambulance équipée d'un véhicule chimique, biologique, radiologique et nucléaire (CBRN) au profit de l'hôpital militaire Reine Astrid (HMRA).
Levering met plaatsing van apparatuur voor autopompen en levering van interventiemateriaal: DAS2023-112 - Lot 1
Levering met plaatsing van apparatuur voor autopompen en levering van interventiemateriaal: DAS2023-112 - Lot 2
Levering met plaatsing van apparatuur voor autopompen en levering van interventiemateriaal: DAS2023-112 - Perceel 3
Levering met plaatsing van apparatuur voor autopompen en levering van interventiemateriaal: DAS2023-112 - Lot 4
Persslangen: Persslangen voor bundeltoepassing 38 en 45mm
Persslangen: Persslangen nitril 70mm
Persslangen: Persslangen 70mm - versterkt
Véhicule VTRAM
Acquisition d'un camion citerne grande capacité avec rampe de nettoyage
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Ledigingspomp met grote korreldoorlaat
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Hydraulische slangen
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Set Hefkussens
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Elektrische overdrukventilator
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Voertuigstabilisatie
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Stroomgroep
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Rookstopper
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Handlampen LED
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Ledigingspomp met grote korreldoorlaat
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Hydraulische slangen
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Set Hefkussens
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Elektrische overdrukventilator
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Voertuigstabilisatie
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Stroomgroep
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Rookstopper
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Handlampen LED
Hydraulisch gereedschap
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Telescopische ram
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Hydraulische schaar
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Hydraulische pompgroep
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Hydraulische spreider
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: pedaalcutter met handpomp
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Telescopische ram
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Hydraulische schaar
Leveren van materialen voor het uitrusten van de multifunctionele autopompen ten behoeve van Brandweer Westhoek: Hydraulische pompgroep
The 50 most recent of 54 awards.
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €11.3m | €24.5m | €18.4m | ▼ 25.0% |
| Turnover70 | €13.5m | €14.0m | €14.7m | €11.5m | €22.9m | €18.7m | ▼ 18.1% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | -€0.6m | €1.6m | -€0.4m | - |
| Other operating income74 | - | - | - | €0.04m | €0.07m | €0.04m | ▼ 39.9% |
| Non-recurring operating income76A | - | - | - | €0.3m | €0.02m | €0.04m | ▲ 137% |
| Operating charges60/66A | - | - | - | €10.9m | €24.7m | €17.7m | ▼ 28.3% |
| Goods for resale, raw materials and consumables60 | - | - | - | €7.0m | €17.7m | €13.6m | ▼ 23.0% |
| Purchases600/8 | - | - | - | €9.5m | €18.8m | €12.7m | ▼ 32.5% |
| Change in stocks: decrease (increase)609 | - | - | - | -€2.4m | -€1.1m | €0.9m | - |
| Services and other goods61 | - | - | - | €1.0m | €1.7m | €1.3m | ▼ 26.3% |
| Remuneration, social security and pensions62 | - | - | - | €2.5m | €4.9m | €2.7m | ▼ 45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | ▼ 46.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.1m | €0.04m | -€0.06m | - |
| Other operating charges640/8 | - | - | - | €0.03m | €0.09m | €0.07m | ▼ 23.3% |
| Non-recurring operating charges66A | - | - | - | €0.01m | - | - | - |
| Operating profit (loss)9901 | €0.9m | €0.07m | €0.8m | €0.4m | -€0.2m | €0.7m | - |
| Financial income75/76B | - | - | - | €0.07m | €0.1m | €0.04m | ▼ 56.2% |
| Recurring financial income75 | €0.07m | €0.06m | €0.05m | €0.07m | €0.1m | €0.04m | ▼ 56.2% |
| Income from financial fixed assets750 | - | - | - | - | €0.005m | €0.001m | ▼ 72.7% |
| Income from current assets751 | - | - | - | - | €0.01m | €0.002m | ▼ 86.0% |
| Other financial income752/9 | - | - | - | €0.07m | €0.08m | €0.04m | ▼ 49.6% |
| Financial charges65/66B | - | - | - | €0.08m | €0.2m | €0.03m | ▼ 79.3% |
| Recurring financial charges65 | €0.1m | €0.01m | €0.009m | €0.02m | €0.2m | €0.03m | ▼ 79.3% |
| Debt charges650 | €0.009m | €0.007m | €0.004m | €146 | €0.1m | €0.02m | ▼ 76.4% |
| Other financial charges652/9 | - | - | - | €0.02m | €0.05m | €0.008m | ▼ 85.0% |
| Non-recurring financial charges66B | - | - | - | €0.06m | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.9m | €0.1m | €0.9m | €0.3m | -€0.3m | €0.7m | - |
| Income taxes67/77 | €0.3m | €0.06m | €0.2m | €0.1m | €0.002m | €0.2m | ▲ 81× |
| Taxes670/3 | - | - | - | €0.1m | €0.002m | €0.2m | ▲ 81× |
| Profit (loss) for the period9904 | €0.6m | €0.06m | €0.6m | €0.2m | -€0.3m | €0.5m | - |
| Transfer from tax-exempt reserves789 | - | - | - | €0.3m | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.6m | €0.06m | €1.5m | €0.6m | -€0.3m | €0.5m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €9.8m | €10.0m | €10.4m | €11.1m | €13.8m | €13.6m | ▼ 1.7% |
| Fixed assets21/28 | €1.7m | €1.9m | €2.4m | €2.3m | €1.5m | €1.4m | ▼ 10.8% |
| Tangible fixed assets22/27 | €1.2m | €1.1m | €1.2m | €1.1m | €0.9m | €0.8m | ▼ 14.1% |
| Land and buildings22 | - | - | - | €0.6m | €0.5m | €0.4m | ▼ 13.0% |
| Plant, machinery and equipment23 | - | - | - | €0.3m | €0.3m | €0.3m | ▼ 8.2% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.1m | €0.09m | ▼ 31.6% |
| Other tangible fixed assets26 | - | - | - | €0.006m | €0.005m | €0.004m | ▼ 12.9% |
| Financial fixed assets28 | €0.5m | €0.8m | €1.1m | €1.2m | €0.6m | €0.6m | ▼ 6.1% |
| Other financial fixed assets284/8 | - | - | - | €1.2m | €0.6m | €0.6m | ▼ 6.1% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €1.2m | €0.6m | €0.6m | ▼ 6.1% |
| Current assets29/58 | €8.1m | €8.1m | €8.0m | €8.8m | €12.3m | €12.2m | ▼ 0.6% |
| Stocks and contracts in progress3 | €2.8m | €2.8m | €2.6m | €5.9m | €8.5m | €7.3m | ▼ 14.6% |
| Stocks30/36 | - | - | - | €4.9m | €6.0m | €5.1m | ▼ 14.4% |
| Raw materials and consumables30/31 | - | - | - | €4.9m | €6.0m | €5.1m | ▼ 14.4% |
| Contracts in progress37 | - | - | - | €0.9m | €2.5m | €2.2m | ▼ 15.1% |
| Amounts receivable within one year40/41 | €1.4m | €2.3m | €1.3m | €2.0m | €3.0m | €2.7m | ▼ 10.6% |
| Trade receivables40 | - | - | - | €1.5m | €2.7m | €2.7m | ▼ 2.4% |
| Other amounts receivable41 | - | - | - | €0.5m | €0.3m | €0.01m | ▼ 95.6% |
| Current investments50/53 | €0.3m | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €2.3m | €1.5m | €2.5m | €0.9m | €0.8m | €2.2m | ▲ 187% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.02m | €0.1m | ▲ 407% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €9.8m | €10.0m | €10.4m | €11.1m | €13.8m | €13.6m | ▼ 1.7% |
| Equity10/15 | €7.9m | €7.9m | €8.6m | €8.8m | €8.5m | €9.0m | ▲ 5.7% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €2.0m | €2.0m | €1.2m | €1.2m | €8.4m | €8.9m | ▲ 5.9% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | = |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €1.2m | €8.3m | €8.8m | ▲ 5.9% |
| Profit (loss) carried forward14 | €5.7m | €5.7m | €7.2m | €7.4m | - | - | - |
| Amounts payable17/49 | €1.9m | €2.1m | €1.8m | €2.3m | €5.3m | €4.6m | ▼ 13.7% |
| Amounts payable after more than one year17 | - | - | - | - | €2.6m | €1.0m | ▼ 60.7% |
| Financial debts170/4 | - | - | - | - | €2.6m | €1.0m | ▼ 60.7% |
| Other loans174 | - | - | - | - | €2.6m | €1.0m | ▼ 60.7% |
| Amounts payable within one year42/48 | €1.9m | €2.1m | €1.8m | €2.3m | €2.7m | €3.5m | ▲ 31.8% |
| Trade debts44 | €1.2m | €1.4m | €1.2m | €1.7m | €1.8m | €2.5m | ▲ 35.9% |
| Suppliers440/4 | - | - | - | €1.7m | €1.8m | €2.5m | ▲ 35.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.4m | €0.4m | €0.4m | ▼ 1.1% |
| Taxes450/3 | - | - | - | €0.03m | €0.01m | €0.06m | ▲ 415% |
| Remuneration and social security454/9 | - | - | - | €0.4m | €0.4m | €0.3m | ▼ 14.9% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.4m | €0.6m | ▲ 44.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.03m | €0.02m | €0.05m | ▲ 89.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.6m | €0.06m | €0.6m | €0.2m | -€0.3m | €0.5m | - |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | ▼ 46.4% |
| Operating cash flow (approximation) | €0.8m | €0.2m | €0.8m | €0.4m | €0.03m | €0.7m | ▲ 20× |
| Investment in fixed assets (approximation) | - | -€0.4m | -€0.7m | -€0.09m | - | €227 | - |
| Change in cash | - | -€0.8m | €1.0m | -€1.6m | - | €1.4m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as VANASSCHE Firefighting Engineering has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.2%
was still going
3.5%
stopped otherwise
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VANASSCHE Firefighting Engineering itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for VANASSCHE Firefighting Engineering. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 47 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 24-12-2025 | 2025-00590302 | |
| 30-06-2024 | full format | 11-12-2024 | 2024-00613682 | |
| 30-09-2022 | full format | 29-04-2023 | 2023-00072701 | |
| 30-09-2021 | full format | 22-03-2022 | 2022-08300457 | |
| 30-09-2020 | full format | 22-03-2021 | 2021-08100601 | |
| 30-09-2019 | full format | 10-03-2020 | 2020-06600093 | |
| 30-09-2018 | full format | 25-02-2019 | 2019-05900378 | |
| 30-09-2017 | full format | 28-02-2018 | 2018-06200056 | |
| 30-09-2016 | full format | 10-02-2017 | 2017-04500045 | |
| 30-09-2015 | full format | 10-03-2016 | 2016-06400214 |