VANBEL
ActiveSummary
VANBEL has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €312,413 and a net result of -€2,540. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 39% of 17213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability43▲+7
Solvency72▼-2
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity short (current ratio 0.92 against 0.69 in 2024; short-term debt: 32.1% and cash: 24.9% of total assets), and 52.8% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
47.2%
Return on assets
-0.4%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€2,540
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-10-2025, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
2 d early
2023
7 d late
2022
4 d early
2021
15 d late
2020
23 d late
2019
15 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€312,413▼ 0.8%
2024 · €314,953
Total assets
€662,414▲ 2.5%
2024 · €646,385
Net result
-€2,540▲ 84.5%
2024 · -€16,365
Working capital
-€17,594▲ 72.3%
2024 · -€63,591
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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
Line20212022202320242025
Operating result€10,298▲ 11.3%€18,126▲ 76.0%€14,784▼ 18.4%-€2,350€14,395
Net result-€1,362below the sector's middle half€10,572within the sector's middle half€8,226within the sector's middle half▼ 22.2%-€16,365below the sector's middle half-€2,540below the sector's middle half▲ 84.5%
Equity€313,319above the sector's middle half▼ 0.7%€323,091above the sector's middle half▲ 3.1%€331,317above the sector's middle half▲ 2.5%€314,953above the sector's middle half▼ 4.9%€312,413above the sector's middle half▼ 0.8%
Total assets€676,298above the sector's middle half▼ 1.5%€696,259above the sector's middle half▲ 3.0%€632,179above the sector's middle half▼ 9.2%€646,385above the sector's middle half▲ 2.2%€662,414above the sector's middle half▲ 2.5%
Debt€268,366▼ 2.8%€278,555▲ 3.8%€206,249▼ 26.0%€219,820▲ 6.6%€228,388▲ 3.9%
Working capital-€186,687below the sector's middle half▲ 5.7%-€157,894below the sector's middle half▲ 15.4%-€112,864below the sector's middle half▲ 28.5%-€63,591below the sector's middle half▲ 43.7%-€17,594below the sector's middle half▲ 72.3%
Solvency46.3%within the sector's middle half▲ 0.4pp46.4%within the sector's middle half▲ 0.1pp52.4%within the sector's middle half▲ 6.0pp48.7%within the sector's middle half▼ 3.7pp47.2%within the sector's middle half▼ 1.6pp
Current ratio0.25below the sector's middle half▲ 0.090.43below the sector's middle half▲ 0.180.45below the sector's middle half▲ 0.020.69below the sector's middle half▲ 0.240.92below the sector's middle half▲ 0.22
Return on assets (ROA)-0.2%below the sector's middle half▼ 0.5pp1.5%below the sector's middle half▲ 1.7pp1.3%below the sector's middle half▼ 0.2pp-2.5%below the sector's middle half▼ 3.8pp-0.4%below the sector's middle half▲ 2.1pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €14,395 after a loss of €2,350 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €662,414
Fixed assets
€467,296 ▼ 6.9%
Current assets
€195,118 ▲ 35.2%
Equity and liabilities €662,414
Equity
€312,413 ▼ 0.8%
Provisions
€121,613 ▲ 9.0%
Debt
€228,388 ▲ 3.9%
Debt's share of the balance-sheet total rises from 34.0% to 34.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€50,468▲
2024 · €34,375
Cash flow
€33,533▲
2024 · €20,360
Debt to equity
0.73▲
2024 · 0.70
ROE
-0.8%▲
2024 · -5.2%
Interest coverage
2.95▲
2024 · 2.45
Debt ≤ 1 year
€212,712▲
2024 · €207,907
Income taxes
€153▲
2024 · €146
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 8,616 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,238 | €36,852 | €36,852 | €36,725 | €36,073 | ▼ 1.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €17,000 | €10,000 | ▼ 41.2% |
| Other operating charges640/8 | - | €5,094 | €5,018 | €5,450 | €5,746 | ▲ 5.4% |
| Gross operating margin9900 | €51,665 | €60,072 | €56,654 | €56,825 | €66,214 | ▲ 16.5% |
| Operating profit (loss)9901 | €10,298 | €18,126 | €14,784 | -€2,350 | €14,395 | ▲ 712% |
| Financial income75/76B | - | €3 | €17 | €137 | €331 | ▲ 142% |
| Recurring financial income75 | €3 | €3 | €17 | €137 | €331 | ▲ 142% |
| Financial charges65/66B | - | €2,520 | €1,645 | €14,006 | €17,113 | ▲ 22.2% |
| Recurring financial charges65 | €3,268 | €2,520 | €1,645 | €14,006 | €17,113 | ▲ 22.2% |
| Profit (loss) for the period before taxes9903 | €7,033 | €15,609 | €13,157 | -€16,219 | -€2,387 | ▲ 85.3% |
| Income taxes67/77 | €8,395 | €5,037 | €4,930 | €146 | €153 | ▲ 4.8% |
| Profit (loss) for the period9904 | -€1,362 | €10,572 | €8,226 | -€16,365 | -€2,540 | ▲ 84.5% |
| Transfer from tax-exempt reserves789 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €23,638 | €10,572 | €8,226 | -€16,365 | -€2,540 | ▲ 84.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €676,298 | €696,259 | €632,179 | €646,385 | €662,414 | ▲ 2.5% |
| Fixed assets21/28 | €612,450 | €575,598 | €538,794 | €502,069 | €467,296 | ▼ 6.9% |
| Tangible fixed assets22/27 | €612,450 | €575,598 | €538,745 | €502,020 | €467,247 | ▼ 6.9% |
| Land and buildings22 | - | €571,984 | €536,772 | €501,560 | €466,348 | ▼ 7.0% |
| Plant, machinery and equipment23 | - | €2,258 | €1,359 | €461 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €1,356 | €615 | €0 | €899 | - |
| Financial fixed assets28 | - | - | €49 | €49 | €49 | = |
| Current assets29/58 | €63,848 | €120,661 | €93,385 | €144,316 | €195,118 | ▲ 35.2% |
| Amounts receivable within one year40/41 | €36,300 | €5 | €2,934 | €6,225 | €2,880 | ▼ 53.7% |
| Trade receivables40 | - | €0 | - | - | - | - |
| Other amounts receivable41 | - | €5 | €2,934 | €6,225 | €2,880 | ▼ 53.7% |
| Current investments50/53 | €15,000 | €23,002 | €41,014 | €17,000 | €27,000 | ▲ 58.8% |
| Cash at bank and in hand54/58 | €11,958 | €97,063 | €48,844 | €120,498 | €164,644 | ▲ 36.6% |
| Deferred charges and accrued income490/1 | - | €590 | €592 | €593 | €594 | ▲ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €676,298 | €696,259 | €632,179 | €646,385 | €662,414 | ▲ 2.5% |
| Equity10/15 | €313,319 | €323,091 | €331,317 | €314,953 | €312,413 | ▼ 0.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €100,442 | €111,014 | €119,240 | €119,240 | €119,240 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | €72,751 | €72,751 | €72,751 | €72,751 | = |
| Distributable reserves133 | - | €36,403 | €44,630 | €46,490 | €46,490 | = |
| Profit (loss) carried forward14 | €206,677 | €205,877 | €205,877 | €189,512 | €186,973 | ▼ 1.3% |
| Provisions and deferred taxes16 | €94,613 | €94,613 | €94,613 | €111,613 | €121,613 | ▲ 9.0% |
| Provisions for liabilities and charges160/5 | - | €94,613 | €94,613 | €111,613 | €121,613 | ▲ 9.0% |
| Pensions and similar obligations160 | - | €94,613 | €94,613 | €94,613 | €94,613 | = |
| Other liabilities and charges164/5 | - | - | - | €17,000 | €27,000 | ▲ 58.8% |
| Amounts payable17/49 | €268,366 | €278,555 | €206,249 | €219,820 | €228,388 | ▲ 3.9% |
| Amounts payable after more than one year17 | €17,831 | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €250,535 | €278,555 | €206,249 | €207,907 | €212,712 | ▲ 2.3% |
| Current portion of amounts payable after more than one year42 | - | €17,831 | €0 | - | - | - |
| Financial debts43 | - | - | - | - | €154 | - |
| Credit institutions430/8 | - | - | - | - | €154 | - |
| Trade debts44 | €4,078 | €55,108 | €3,904 | €5,549 | €3,905 | ▼ 29.6% |
| Suppliers440/4 | - | €55,108 | €3,904 | €5,549 | €3,905 | ▼ 29.6% |
| Taxes, remuneration and social security45 | - | €18,666 | €13,416 | €7,199 | €6,739 | ▼ 6.4% |
| Taxes450/3 | - | €11,166 | €3,136 | €1,199 | €739 | ▼ 38.3% |
| Remuneration and social security454/9 | - | €7,500 | €10,280 | €6,000 | €6,000 | = |
| Other amounts payable47/48 | - | €186,950 | €188,929 | €195,159 | €201,913 | ▲ 3.5% |
| Accrued charges and deferred income492/3 | - | - | - | €11,913 | €15,676 | ▲ 31.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,362 | €10,572 | €8,226 | -€16,365 | -€2,540 | ▲ 84.5% |
| + Depreciation and write-downs630 | €36,238 | €36,852 | €36,852 | €36,725 | €36,073 | ▼ 1.8% |
| Operating cash flow (approximation) | €34,875 | €47,424 | €45,078 | €20,360 | €33,533 | ▲ 64.7% |
| Investment in fixed assets (approximation) | - | €0 | -€49 | €0 | -€1,299 | - |
| Change in cash | - | €85,105 | -€48,219 | €71,653 | €44,146 | ▼ 38.4% |
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
Next filing, fiscal year 2026, expected by
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet -€16,365
Net result drops to -€16,365, the lowest in the series; recovery starts the following year.
2023
07-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Back to profitnet €10,572
Net result €10,572 after one loss-making year.
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 15 days late
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2019
15-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 15 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Leuze-en-Hainaut · 1 establishment unit since 2001
Ground area
2,749 m²
Building footprint
527 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
SPRL VANBEL
since 20012.167.957.423
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57091A0139/00S000 | Wallonia | 1,580 m² | 1 · 420 m² | - |
| 57091A0321/00E000 | Wallonia | 1,168 m² | 1 · 107 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
875500O45FJS6S9O5C81
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 13,631 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-12-2001
Fiscal year end31-03
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476398375
Also
9925:BE0476398375
Registered
23-09-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.