VANBACO
ActiveSummary
VANBACO has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €342,614 and a net result of €2,439. Equity remains stable across the filed financial years (±0.8% per year). Its solvency ranks better than 95% of 9,629 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- 0.8 FTE
- Equity
- €342,614
- Profit
- €2,439
- VANBAELEN BertDirector
- Karin VanbaelenDirector
Why 95lowers riskLiquidity: current ratio 49.13, cash €267,423Equity €342,614 (98.4% of total assets)Size: total assets €348,171Sector: Office administrative, office support and other business support activities (NACE 82)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro): better than 88% on solvency, 97% on liquidity, 16% on profitability and 42% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 41 days before the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €916 in 2025 against €3,221 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support 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).
Peer companies
Historical observationOf the 17,041 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 17,041 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €25,309 | €62,139 | €61,041 | €61,877 | €65,798 | ▲ 6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €561 | €561 | €561 | €561 | €955 | €955 | €394 | €394 | = |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €750 | €750 | €750 | €750 | -€3,750 | - |
| Other operating charges640/8 | - | - | - | €5,210 | €5,337 | €5,849 | €6,137 | €6,278 | ▲ 2.3% |
| Non-recurring operating charges66A | - | - | - | - | - | €26 | €100 | - | - |
| Gross operating margin9900 | €60,942 | €61,804 | €44,851 | €34,537 | €68,121 | €70,843 | €66,037 | €67,804 | ▲ 2.7% |
| Operating profit (loss)9901 | €4,671 | €2,440 | €5,392 | €2,707 | -€1,060 | €2,222 | -€3,221 | -€916 | ▲ 71.6% |
| Financial income75/76B | - | - | - | - | - | €4,069 | €6,118 | €3,505 | ▼ 42.7% |
| Recurring financial income75 | €9 | - | - | - | - | €4,069 | €6,118 | €3,505 | ▼ 42.7% |
| Financial charges65/66B | - | - | - | €20 | €24 | €24 | €24 | €151 | ▲ 528% |
| Recurring financial charges65 | €70 | €16 | €21 | €20 | €24 | €24 | €24 | €151 | ▲ 528% |
| Profit (loss) for the period before taxes9903 | €4,610 | €2,424 | €5,371 | €2,687 | -€1,084 | €6,267 | €2,873 | €2,439 | ▼ 15.1% |
| Profit (loss) for the period9904 | €4,610 | €2,424 | €5,371 | €2,687 | -€1,084 | €6,267 | €2,873 | €2,439 | ▼ 15.1% |
| Profit (loss) for the period to be appropriated9905 | €4,610 | €2,424 | €5,371 | €2,687 | -€1,084 | €6,267 | €2,873 | €2,439 | ▼ 15.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €332,665 | €336,547 | €335,136 | €337,677 | €346,084 | €352,719 | €352,783 | €348,171 | ▼ 1.3% |
| Fixed assets21/28 | €76,008 | €75,447 | €74,886 | €74,325 | €76,916 | €75,961 | €75,568 | €75,173 | ▼ 0.5% |
| Tangible fixed assets22/27 | €75,958 | €75,397 | €74,836 | €74,275 | €76,866 | €75,911 | €75,518 | €75,124 | ▼ 0.5% |
| Land and buildings22 | - | - | - | €73,153 | €73,153 | €73,153 | €73,154 | €73,153 | = |
| Plant, machinery and equipment23 | - | - | - | €1,122 | €3,713 | €2,758 | €2,364 | €1,970 | ▼ 16.7% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | ▼ 0.8% |
| Current assets29/58 | €256,657 | €261,100 | €260,250 | €263,352 | €269,168 | €276,758 | €277,215 | €272,998 | ▼ 1.5% |
| Amounts receivable within one year40/41 | €3,763 | €7,551 | €6,756 | €14,672 | €18,997 | €10,296 | €10,761 | €5,575 | ▼ 48.2% |
| Trade receivables40 | - | - | - | €13,431 | €18,997 | €9,075 | €7,411 | €4,523 | ▼ 39.0% |
| Other amounts receivable41 | - | - | - | €1,241 | €0 | €1,221 | €3,350 | €1,051 | ▼ 68.6% |
| Current investments50/53 | €183,607 | €173,606 | €163,606 | €148,106 | €134,106 | €33,106 | €26,106 | - | - |
| Cash at bank and in hand54/58 | €69,035 | €79,683 | €89,888 | €100,573 | €116,064 | €233,356 | €240,348 | €267,423 | ▲ 11.3% |
| Deferred charges and accrued income490/1 | - | - | - | €1 | €1 | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €332,665 | €336,547 | €335,136 | €337,677 | €346,084 | €352,719 | €352,783 | €348,171 | ▼ 1.3% |
| Equity10/15 | €321,637 | €324,061 | €329,432 | €332,119 | €331,035 | €337,302 | €340,175 | €342,614 | ▲ 0.7% |
| Contributions10/11 | €298,000 | €298,000 | €298,000 | €298,000 | €298,000 | €298,000 | €298,000 | €298,000 | = |
| Capital10 | - | - | - | €298,000 | €298,000 | €298,000 | €298,000 | €298,000 | = |
| Issued capital100 | - | - | - | €298,000 | €298,000 | €298,000 | €298,000 | €298,000 | = |
| Reserves13 | €11,850 | €12,000 | €12,300 | €12,500 | €12,500 | €12,900 | €13,100 | €13,300 | ▲ 1.5% |
| Non-distributable reserves130/1 | - | - | - | €2,500 | €2,500 | €2,900 | €3,100 | €3,300 | ▲ 6.5% |
| Legal reserve130 | - | - | - | €2,500 | €2,500 | €2,900 | €3,100 | €3,300 | ▲ 6.5% |
| Distributable reserves133 | - | - | - | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €11,787 | €14,061 | €19,132 | €21,619 | €20,535 | €26,402 | €29,075 | €31,314 | ▲ 7.7% |
| Provisions and deferred taxes16 | - | €5,500 | €750 | €1,500 | €2,250 | €3,000 | €3,750 | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €1,500 | €2,250 | €3,000 | €3,750 | - | - |
| Major repairs and maintenance162 | - | - | - | €1,500 | €2,250 | €3,000 | €3,750 | - | - |
| Amounts payable17/49 | €11,028 | €6,986 | €4,954 | €4,058 | €12,799 | €12,417 | €8,858 | €5,556 | ▼ 37.3% |
| Amounts payable after more than one year17 | - | - | - | - | €1,417 | - | - | - | - |
| Trade debts175 | - | - | - | - | €1,417 | - | - | - | - |
| Amounts payable within one year42/48 | €11,028 | €6,985 | €4,954 | €4,058 | €11,382 | €12,417 | €8,857 | €5,556 | ▼ 37.3% |
| Trade debts44 | €1,830 | - | - | €130 | - | €1,268 | - | €1,751 | - |
| Suppliers440/4 | - | - | - | €130 | - | €1,268 | - | €1,751 | - |
| Taxes, remuneration and social security45 | - | - | - | €3,928 | €11,382 | €11,149 | €8,857 | €3,806 | ▼ 57.0% |
| Taxes450/3 | - | - | - | €812 | €4,583 | €3,582 | - | €3,806 | - |
| Remuneration and social security454/9 | - | - | - | €3,116 | €6,799 | €7,567 | €8,857 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €1 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,610 | €2,424 | €5,371 | €2,687 | -€1,084 | €6,267 | €2,873 | €2,439 | ▼ 15.1% |
| + Depreciation and write-downs630 | €561 | €561 | €561 | €561 | €955 | €955 | €394 | €394 | = |
| Operating cash flow (approximation) | €5,171 | €2,985 | €5,932 | €3,248 | -€129 | €7,222 | €3,267 | €2,833 | ▼ 13.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€3,546 | €0 | -€1 | €1 | - |
| Change in cash | - | €10,648 | €10,205 | €10,685 | €15,491 | €117,292 | €6,992 | €27,075 | ▲ 287% |
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 35 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-12-2025 | micro format | 30-04-2026 | 2026-00095465 |
| 30-12-2024 | micro format | 04-05-2025 | 2025-00090807 |
| 30-12-2023 | micro format | 06-07-2024 | 2024-00233053 |
| 30-12-2022 | micro format | 03-06-2023 | 2023-00110119 |
| 30-12-2021 | micro format | 09-07-2022 | 2022-20181427 |
| 30-12-2020 | abbreviated format | 29-05-2021 | 2021-16100039 |
| 30-12-2019 | abbreviated format | 24-09-2020 | 2020-55300349 |
| 30-12-2018 | abbreviated format | 06-07-2019 | 2019-30400096 |
| 30-12-2017 | abbreviated format | 07-07-2018 | 2018-31000155 |
| 30-12-2016 | abbreviated format | 20-05-2017 | 2017-13200145 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Karin Vanbaelen |
|
| VANBAELEN Bert |
|
Owners and capital
Capital and shareholders
- 06-03-2024 Capital stated in the deed · €298,000 · 1,200 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
06-03
Gazette deed
Reappointment: VANBAELEN Bert (enige niet statutaire bestuurder)Amendment of the articles · Capital · Registered office clause7 facts ▸
- General meeting, 28-02-2024
- Amendment of the articles (2 times)
- Capital, €298,000
- Registered office clause, “Beauduinstraat 7,3300 Tienen, Derde besluit” (deed in Dutch)
- Other provision, “ontslag en kwijting bestuurders, unaniem” (deed in Dutch)
- Director reappointment, VANBAELEN Bert (enige niet statutaire bestuurder)
- Power of attorney, VANBAELEN Bert
04-12
Gazette deed
Reappointments: Karin Vanbaelen (director) and Bert Vanbaelen (director)3 facts ▸
- General meeting, 25-04-2023
- Director reappointment, Karin Vanbaelen (director)
- Director reappointment, Bert Vanbaelen (director)
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24593H0734/00D000 | Flanders | 364 m² | 1 · 228 m² | 13.2 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle industriële,commerciële,financiële,roerende en onroerende activiteiten die rechtstreeks of onrechtstreeks betrekking hebben op de…” (deed in Dutch)
6 activities (deed in Dutch)
- Alle industriële,commerciële,financiële,roerende en onroerende activiteiten die rechtstreeks of onrechtstreeks betrekking hebben op de aankoop,de verkoop,de ruiling,de realisatie,de studie,de coördinatie en het beheer van onroerende goederen.
- Het beleggen van roerende waarden,aandelen en obligaties,het participeren in bestaande of op te richten vennootschappen.
- Het toestaan van leningen en kredietopeningen met of zonder hypothecaire waarborgen.
- Het houden van verzekeringsportefeuilles.
- Het optreden als raadgevend bureau inzake bedrijfs- en financieel beheer.
- Het verlenen van diensten onder alle vormen aan ondernemingen en verenigingen waarmee een overeenkomst daartoe werd afgesloten;deze dienstverlening kan onder meer bestaan uit het waarnemen van alle administratieve en boekhoudkundige taken en opdrachten,het ontwerpen van software,alsook diverse reclame- en marketingactiviteiten.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- VANBACO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest” (deed in Dutch)“Eenvoudige beslissing, alle machten om op authentieke wijze de statutenwijziging te doen vaststellen” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “De enige bestuurder stelt de eventuele toekenningen en verloning vast voor de gedelegeerden tot het dagelijks bestuur. Hij kan hen op elk…”
- Board ruleHow the board is made up, meets and takes decisions.
- “1, enige bestuurder” (deed in Dutch)“Niet bezoldigd behoudens andersluidende beslissing van de algemene vergadering, enige bestuurder kan vergoedingen toekennen aan personen…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Tuesday of April at 09:00