VANBETHA
ActiveSummary
The computed 12-month bankruptcy probability of VANBETHA is 6.3% (elevated). The 2025 annual accounts show negative equity (-€12,689) and a net result of -€57,546. Equity is growing by about 5.6% per year across the filed financial years. Its solvency ranks better than 5% of 34,855 sector peers (NACE 43, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€12,689
- Loss
- -€57,546
- OLIVEIRA SANTOS Italo GustavoDirector
Why 32raises riskNegative equity -€12,689Loss of €57,546, the second in a row (financial year 2025)Last filed accounts filed 61 days late; 3 of the last 3 late1 change of registered office in 24 monthsShow the evidence
Checked score
About 6 in 100 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 43, micro): better than 3% on solvency, 9% on liquidity, 4% on profitability and 3% on growth.
The bankruptcy probability was computed on 30-10-2026 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 63 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Resignation: ALVES Westermon (director)Appointment: OLIVEIRA SANTOS Italo Gustavo…
- Weakest financial yearnet -€57,546
Financials · financial year 2025, micro format
2025 annual accounts filed late (61 days) Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00551350.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €49,930 in 2025 against €6,411 in 2024; the loss grows and 2025 has the lowest result in the available series.
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.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction 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).
Peer companies
Historical observationOf the 6,007 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83.0% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 6.3% 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 6,007 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 |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,726 | €2,473 | €4,139 | €8,463 | €8,552 | €6,245 | €8,976 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€38,609 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €1,574 | €2,165 | €5,927 | €4,951 | €8,663 | ▲ 75.0% |
| Gross operating margin9900 | €26,453 | €51,719 | -€2,893 | -€20,951 | €23,178 | €60,624 | €7,516 | -€41,266 | - |
| Operating profit (loss)9901 | €24,175 | €7,177 | -€6,577 | €7,621 | €12,461 | €48,451 | -€6,411 | -€49,930 | ▼ 679% |
| Financial income75/76B | - | - | - | €1,351 | €52 | €777 | €2,794 | €1,684 | ▼ 39.7% |
| Recurring financial income75 | €807 | €1,452 | €2,073 | €1,351 | €52 | €777 | €2,794 | €1,684 | ▼ 39.7% |
| Financial charges65/66B | - | - | - | €4,982 | €6,336 | €8,775 | €12,833 | €9,299 | ▼ 27.5% |
| Recurring financial charges65 | €332 | €619 | €2,877 | €4,982 | €6,336 | €8,775 | €12,833 | €9,299 | ▼ 27.5% |
| Profit (loss) for the period before taxes9903 | €24,650 | €8,010 | -€7,381 | €3,989 | €6,177 | €40,453 | -€16,450 | -€57,546 | ▼ 250% |
| Income taxes67/77 | €5,363 | €2,356 | - | €105 | €3,297 | €12,655 | - | - | - |
| Profit (loss) for the period9904 | €19,288 | €5,654 | -€7,381 | €3,884 | €2,880 | €27,798 | -€16,450 | -€57,546 | ▼ 250% |
| Profit (loss) for the period to be appropriated9905 | €19,288 | €5,654 | -€7,381 | €3,884 | €2,880 | €27,798 | -€16,450 | -€57,546 | ▼ 250% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €44,624 | €81,261 | €100,752 | €100,687 | €110,106 | €122,446 | €124,949 | €36,415 | ▼ 70.9% |
| Fixed assets21/28 | €3,503 | €3,269 | €33,142 | €26,083 | €19,799 | €10,587 | €21,074 | €50 | ▼ 99.8% |
| Tangible fixed assets22/27 | €3,453 | €3,219 | €33,092 | €26,033 | €19,749 | €10,537 | €21,024 | - | - |
| Plant, machinery and equipment23 | - | - | - | €1,221 | €2,471 | €3,599 | €1,939 | - | - |
| Furniture and vehicles24 | - | - | - | €8,452 | €5,630 | - | €16,859 | - | - |
| Leasing and similar rights25 | - | - | - | €16,360 | €11,649 | €6,938 | €2,227 | - | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €41,122 | €77,992 | €67,610 | €74,604 | €90,307 | €111,860 | €103,875 | €36,365 | ▼ 65.0% |
| Amounts receivable after more than one year29 | - | - | - | €4,091 | €29,690 | €19,133 | €8,304 | - | - |
| Other amounts receivable291 | - | - | - | €4,091 | €29,690 | €19,133 | €8,304 | - | - |
| Amounts receivable within one year40/41 | €30,415 | €64,152 | €57,725 | €55,542 | €54,231 | €90,422 | €95,528 | €31,425 | ▼ 67.1% |
| Trade receivables40 | - | - | - | €28,065 | €43,018 | €51,646 | €32,186 | €16,143 | ▼ 49.8% |
| Other amounts receivable41 | - | - | - | €27,477 | €11,213 | €38,776 | €63,342 | €15,282 | ▼ 75.9% |
| Cash at bank and in hand54/58 | €10,354 | - | - | - | €1,317 | €2,288 | - | €4,890 | - |
| Deferred charges and accrued income490/1 | - | - | - | €14,970 | €5,069 | €18 | €43 | €50 | ▲ 16.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €44,624 | €81,261 | €100,752 | €100,687 | €110,106 | €122,446 | €124,949 | €36,415 | ▼ 70.9% |
| Equity10/15 | €27,780 | €34,124 | €26,744 | €30,628 | €33,508 | €61,306 | €44,856 | -€12,689 | - |
| Contributions10/11 | €1 | €691 | - | €691 | €691 | €691 | €691 | €691 | = |
| Reserves13 | €6,945 | €8,358 | €8,358 | €8,358 | €8,358 | €8,358 | €8,358 | €8,358 | = |
| Non-distributable reserves130/1 | - | - | - | €8,358 | €8,358 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €8,358 | €8,358 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €8,358 | €8,358 | €8,358 | = |
| Profit (loss) carried forward14 | €20,834 | €25,075 | €17,694 | €21,578 | €24,459 | €52,257 | €35,807 | -€21,739 | - |
| Amounts payable17/49 | €16,844 | €47,137 | €74,008 | €70,059 | €76,598 | €61,140 | €80,093 | €49,104 | ▼ 38.7% |
| Amounts payable after more than one year17 | - | - | €32,977 | €20,129 | €21,082 | €16,195 | €19,885 | €10,340 | ▼ 48.0% |
| Financial debts170/4 | - | - | - | €20,129 | €21,082 | €16,195 | €19,885 | €10,340 | ▼ 48.0% |
| Amounts payable within one year42/48 | €16,844 | €47,137 | €40,996 | €49,419 | €55,490 | €44,945 | €60,208 | €38,727 | ▼ 35.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15,129 | €19,211 | €8,452 | €13,632 | €10,039 | ▼ 26.4% |
| Financial debts43 | - | - | - | €19,779 | - | - | €9,886 | - | - |
| Credit institutions430/8 | - | - | - | €19,779 | - | - | €9,886 | - | - |
| Trade debts44 | €2,824 | €12,546 | €5,502 | €7,211 | €28,456 | €12,836 | €14,306 | €13,422 | ▼ 6.2% |
| Suppliers440/4 | - | - | - | €7,211 | €28,456 | €12,836 | €14,306 | €13,422 | ▼ 6.2% |
| Taxes, remuneration and social security45 | - | - | - | €7,300 | €4,822 | €23,657 | €22,384 | €14,377 | ▼ 35.8% |
| Taxes450/3 | - | - | - | €1,100 | €3,017 | €15,142 | €12,917 | €4,427 | ▼ 65.7% |
| Remuneration and social security454/9 | - | - | - | €6,200 | €1,805 | €8,515 | €9,467 | €9,950 | ▲ 5.1% |
| Other amounts payable47/48 | - | - | - | - | €3,000 | - | - | €888 | - |
| Accrued charges and deferred income492/3 | - | - | - | €511 | €27 | - | - | €37 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,288 | €5,654 | -€7,381 | €3,884 | €2,880 | €27,798 | -€16,450 | -€57,546 | ▼ 250% |
| + Depreciation and write-downs630 | €1,726 | €2,473 | €4,139 | €8,463 | €8,552 | €6,245 | €8,976 | - | - |
| Operating cash flow (approximation) | €21,014 | €8,127 | -€3,242 | €12,347 | €11,432 | €34,044 | -€7,474 | -€57,546 | ▼ 670% |
| Investment in fixed assets (approximation) | - | -€2,239 | -€34,012 | -€1,404 | -€2,268 | €2,967 | -€19,464 | €21,024 | - |
| Change in cash | - | - | - | - | - | €971 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00551350 |
| 31-12-2024 | micro format | 22-12-2025 | 2025-00589717 |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00494624 |
| 31-12-2022 | micro format | 05-09-2023 | 2023-00444052 |
| 31-12-2021 | micro format | 07-09-2022 | 2022-20426959 |
| 31-12-2020 | micro format | 28-09-2021 | 2021-68900359 |
| 31-12-2019 | micro format | 10-09-2020 | 2020-52700270 |
| 31-12-2018 | micro format | 23-09-2019 | 2019-65500275 |
| 31-12-2017 | micro format | 24-09-2018 | 2018-66400172 |
Similar companies · same sector and region
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 |
|---|---|
| OLIVEIRA SANTOS Italo Gustavo |
|
| ALVES Westermon |
|
| Alves Cristiano Bethania |
|
Owners and capital
Capital and shareholders
- OLIVEIRA SANTOS Italo Gustavo all shares
- Alves Cristiano Bethania to Aives Westermon Guiiherme Edimar 49 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 08-01-2024 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
13-03
Gazette deed
Resignation: ALVES Westermon (director)Appointment: OLIVEIRA SANTOS Italo Gustavo (director) · Director discharge · Registered-office move8 facts ▸
- General meeting, 09-02-2026
- Director resignation, ALVES Westermon (director)
- Director discharge, ALVES Westermon (director)
- Other provision, 09-02-2026
- Director appointment, OLIVEIRA SANTOS Italo Gustavo (director)
- Registered-office move, chaussée d'Haecht, 431 à 1030 Schaerbeek
- Share transfer, ALVES Westermon
- Shareholding, 09-02-2026
08-01
Gazette deed
Resignation: ALVES Westermon (manager)Appointment: ALVES Westermon (director) · Amendment of the articles · Capital conversion11 facts ▸
- General meeting, 26-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “supprimer le compte de capitaux propres statutairement indisponible, fonds disponibles pour distribution” (deed in French)
- Capital
- Other provision, “compte de capitaux propres statutairement indisponible, Pas d'application.” (deed in French)
- Power of attorney, Georges-Henri Ruelle
- Director resignation, ALVES Westermon (manager)
- Director appointment, ALVES Westermon (director (not named in the articles))
- Registered office clause, “Saint-Gilles (1060 Bruxelles), Rue de l'Hôtel des Monnaies 171”, 6/ (deed in French)
- Power of attorney, ALVES Westermon
22-11
Gazette deed
Resignation: Alves Cristiano Bethania (director)Share transfer3 facts ▸
- General meeting, 30-09-2022
- Share transfer, Alves Cristiano Bethania → Aives Westermon Guiiherme Edimar
- Director resignation, Alves Cristiano Bethania (director)
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 3 have been read. The other one has 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 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0670.621.871
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 |
|---|---|---|---|---|
| 21902A0377/00G004 | Brussels | 96 m² | 1 · 76 m² | 17.2 m · 5 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- VANBETHA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, sièges administratifs,agences,ateliers,dépôts et succursales,tant en Belgique qu'à l'étranger,par simple…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation durée, un ou plusieurs administrateurs” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Toutes cessions entre vifs à titre onéreux ou gratuit volontaires ou forcées,exclusion et retrait,usufruit nue-propriété ou pleine…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Thursday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “27, administrateurs en fonction désignés liquidateurs si aucun autre désigné” (deed in French)