VANASSCHE SERVICES
ActiveVANASSCHE SERVICES has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.55M and a net result of €327k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 89% of 76 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▼-54
Solvency100=
Growth60▲+14
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €310k at 30 days acceptable
Liquidity ample (current ratio 8.38 against 6.55 in 2024), and 11.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.9%
Return on assets
8.2%
Age of the figures
15 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Sector 29
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Equity grew over 2022-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
18192021222425
2018 to 2025 · latest year €3.6M
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-01-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
42 d early
2022
1 d early
2021
40 d early
2020
42 d early
2019
51 d early
2018
64 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€3.83M▼ 17.4%
2019 · €4.63M
2018: €4.06M
2019: €4.63M
2018 → 2020
EBIT margin
6.2%▼ 0.4pp
2019 · 6.6%
2018: 4.4%
2019: 6.6%
2018 → 2020
Net result
€327k▼ 58.2%
2024 · €782k
2018: €121k
2019: €220k
2020: €164k
2021: €266k
2022: €547k
2024: €782k
2018 → 2025
Working capital
€3.26M▲ 9.4%
2024 · €2.98M
2018: €3.06M
2019: €2.79M
2020: €2.97M
2021: €2.61M
2022: €2.79M
2024: €2.98M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Turnover€3.83M-
Equity€3.33M-€2.99M▼ 10.0%€3.04M▲ 1.6%€3.22M▲ 6.0%€3.55M▲ 10.2%
Operating result€238k-€356k▲ 49.6%€739k▲ 108%€1.06M▲ 42.8%€439k▼ 58.4%
Net result€164k-€266k▲ 61.8%€547k▲ 106%€782k▲ 42.9%€327k▼ 58.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.99M
Fixed assets
€287k▲ 12.5%
Current assets
€3.71M▲ 5.2%
Equity and liabilities €3.99M
Equity
€3.55M▲ 10.2%
Debt
€443k▼ 20.0%
The debt ratio falls from 14.7% to 11.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€488k▼
2024 · €1.13M
Cash flow
€376k▼
2024 · €856k
Solvency
88.9%▲
2024 · 85.3%
Current ratio
8.38▲
2024 · 6.55
Quick ratio
4.59▲
2024 · 3.70
Debt / equity
0.12▼
2024 · 0.17
ROE
9.2%▼
2024 · 24.3%
ROA
8.2%▼
2024 · 20.7%
Interest coverage
88.65▼
2024 · 157.35
Debt
€443k▼
2024 · €554k
Debt ≤ 1 year
€442k▼
2024 · €538k
Income taxes
€117k▼
2024 · €277k
Staff costs
€1.22M▼
2024 · €2.11M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.78M€3.99M▲
Fixed assets21/28€255k€287k▲
Tangible fixed assets22/27€154k€192k▲
Land and buildings22€51k€68k▲
Plant, machinery and equipment23€72k€68k▼
Furniture and vehicles24€31k€56k▲
Financial fixed assets28€101k€95k▼
Current assets29/58€3.52M€3.71M▲
Amounts receivable after more than one year29€450k-
Other amounts receivable291€450k-
Stocks and contracts in progress3€1.53M€1.68M▲
Stocks30/36€939k€1.05M▲
Contracts in progress37€591k€624k▲
Amounts receivable within one year40/41€803k€1.16M▲
Trade receivables40€481k€802k▲
Other amounts receivable41€323k€357k▲
Cash at bank and in hand54/58€725k€852k▲
Deferred charges and accrued income490/1€14k€18k▲
Equity and liabilities
Total equity and liabilities10/49€3.78M€3.99M▲
Equity10/15€3.22M€3.55M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€3.16M€3.49M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€56k€56k=
Distributable reserves133€3.10M€3.43M▲
Amounts payable17/49€554k€443k▼
Amounts payable within one year42/48€538k€442k▼
Trade debts44€226k€219k▼
Suppliers440/4€226k€219k▼
Taxes, remuneration and social security45€282k€192k▼
Taxes450/3€137k€56k▼
Remuneration and social security454/9€145k€136k▼
Other amounts payable47/48€29k€31k▲
Accrued charges and deferred income492/3€16k€606▼
Income statement
Code20242025
Non-recurring operating income76A€1k€2k▲
Remuneration, social security and pensions62€2.11M€1.22M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€48k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€166k
Other operating charges640/8€40k€22k▼
Gross operating margin9900€3.28M€1.90M▼
Operating profit (loss)9901€1.06M€439k▼
Financial income75/76B€11k€11k▼
Recurring financial income75€11k€11k▼
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€1.06M€445k▼
Income taxes67/77€277k€117k▼
Profit (loss) for the period9904€782k€327k▼
Profit (loss) for the period to be appropriated9905€782k€327k▼
Appropriation of the result
Profit (loss) to be appropriated9906€659k€327k▼
Profit (loss) brought forward from the previous period14P€-123k-
Transfer from equity791/2€600k-
Transfer to equity691/2€659k€327k▼
To other reserves6921€659k€327k▼
Profit to be distributed694/7€600k-
Return on contributions (dividend)694€600k-
Social balance
Average headcount (FTE)908718.717.4▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Permanent representative8 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Permanent representative8 facts ▸
- General meeting, 3 maart 2026
- Director appointment, JHM Projects (bestuurder)
- Permanent representative, Jürgen Gekiere
- Mandate compensation, JHM Projects
- Director reappointment, Jan Vanassche (bestuurder)
- Mandate compensation, Jan Vanassche
- Director reappointment, Kurt Vanassche (bestuurder)
- Mandate compensation, Kurt Vanassche
08-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Highest result since 2018net €782k ▲42.9%
Operating result €1.06M, net result €782k, both a record.
2023
29-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
26-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26042716). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Jan Vanassche
CurrentDirector · since 03-03-2026
Kurt Vanassche
CurrentDirector · since 03-03-2026
JHM Projects
CurrentDirector · since 01-01-2026 · Limited partnership · perm. rep.: Jürgen Gekiere
03-03-2026
Jan Vanassche: Mandate renewed as Director
03-03-2026
Kurt Vanassche: Mandate renewed as Director
01-01-2026
JHM Projects: Appointed as Director
10-08-2020
Lode WYSEUR: Resigned as Managing director
Location & real-estate footprint
Registered office, Harelbeke · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brugsestraat 1538531 HarelbekeGround area
9,249 m²
Building footprint
1,807 m²
Volume, LiDAR
12,919 m³
Parcel 34017C0007/00D000, Flanders · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Brugsestraat 153, 8531 Harelbeke
since 20012.103.221.009
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34017C0007/00D000 | Flanders | 9,249 m² | 1 · 1,807 m² | 12.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
2 connected companiesLinked via shared directors
viaJan Vanassche · Director
→
viaKurt Vanassche · Director
→
Ownership & control
1 partyControl over this companysits on this company's board1
2 subsidiaries · 1 location
controls
VANASSCHE SERVICESBE 0473.397.315
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 1,283 EUR awarded · 1,283 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 104 EUR | 104 EUR |
| 2023 | 1 | 1,129 EUR | 1,129 EUR |
| 2022 | 1 | 50 EUR | 50 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Federal government
2025 · 1 entry · 20,747 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2025 | FOD Binnenlandse Zaken | 1 | 20,747 EUR |
Budget allocations
Investeringsbijdrage aan de hulpverleningszones voor allerhande investeringsuitgaven met betrekking tot de bescherming van de bevolking tegen de gevaren van ioniserende stralingen
Similar companies · same sector, comparable size
R.C.
BE 0433.062.042
Herstal · Eq €3.44M
CARROSSERIE VANDEN BERGHE
BE 0446.086.469
Roeselare · Eq €3.14M
FIRE TECHNICS
BE 0406.741.487
Oostende · Eq €4.39M
Plastic Omnium New Energies Herentals
BE 0762.898.466
Herentals · Eq €4.49M
RHENUS AUTOMOTIVE LOGISTICS
BE 0433.891.490
Genk · Eq €4.92M
Of 114 companies in sector 29100 we hold annual accounts for 71. 40 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-12-2000
Fiscal year end30-06
Activities, NACEBEL
29100Manufacture of motor vehicles, trailers and semi-trailers
34100
45204
50200
95314Bodywork repair (including spraying and painting)
45310
45402
46720Wholesale of motor vehicle parts and accessories
47830Retail sale of motorcycles and motorcycle parts and accessories
50301
50400Inland freight water transport
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.