VANBRABANT
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 28-04-2026 PDF all 29 filings
Equity
€713,475▼ 9.5%
2024 · €788,005
Total assets
€720,555▼ 9.5%
2024 · €796,080
Net result
-€74,530▲ 19.3%
2024 · -€92,409
Working capital
€434,378▼ 10.3%
2024 · €484,517
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€74,495
▲ 19.4%
2025
20192025
Net result
-€74,530
▲ 19.3%
2025
20192025
Equity
€713,475
▼ 9.5%
2025
20192025
Total assets
€720,555
▼ 9.5%
2025
20192025
Debt
€7,080
▼ 12.3%
2025
20192025
Working capital
€434,378
▼ 10.3%
2025
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.05m-€0.04m▼ 4.7%€0.09m▲ 114%-€0.07m-€0.1m▼ 73.4%-€0.09m▲ 23.6%-€0.07m▲ 19.4%
Net result€0.01m-€0.03m▲ 82.7%€0.06m▲ 141%-€0.05m-€0.1m▼ 123%-€0.09m▲ 23.6%-€0.07m▲ 19.3%
Equity€1.1m-€1.2m▲ 2.3%€1.2m▲ 5.5%€1.2m▼ 4.4%€1.1m▼ 10.2%€0.8m▼ 25.8%€0.7m▼ 9.5%
Total assets€1.5m-€1.4m▼ 3.7%€1.3m▼ 8.2%€1.2m▼ 7.4%€1.1m▼ 10.2%€0.8m▼ 26.3%€0.7m▼ 9.5%
Debt€0.3m-€0.2m▼ 25.1%€0.06m▼ 74.3%€0.02m▼ 67.8%€0.02m▼ 10.3%€0.008m▼ 55.5%€0.007m▼ 12.3%
Working capital€0.7m-€0.8m▲ 4.0%€0.9m▲ 10.3%€0.8m▼ 3.3%€0.7m▼ 11.7%€0.5m▼ 33.9%€0.4m▼ 10.3%
Staff (FTE)1-0.8▼ 20.0%1▲ 25.0%1=
The operating result for 2025 is a loss of €74,495, smaller than the loss of €92,374 in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €720,555
Fixed assets
€279,914 ▼ 8.0%
Current assets
€440,641 ▼ 10.4%
Equity and liabilities €720,555
Equity
€713,475 ▼ 9.5%
Debt
€7,080 ▼ 12.3%
Debt's share of the balance-sheet total stays at 1.0%.
Key figures and ratios
EBITDA
-€50,125▲
2024 · -€67,799
Cash flow
-€50,160▲
2024 · -€67,834
Current ratio
70.35▲
2024 · 67.56
Debt to equity
0.01▼
2024 · 0.01
ROE
-10.4%▲
2024 · -11.7%
ROA
-10.3%▲
2024 · -11.6%
Interest coverage
-1448.71▲
2024 · -1943.79
Debt ≤ 1 year
€6,264▼
2024 · €7,279
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2022 |
|---|---|
| Average over the year, in full-time equivalents | 0.5 |
| Joined | 0 |
| Left | 1 |
Source: social balance sheet in the 2022 annual accounts
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €2,321 | - | - |
| Depreciation and write-downs of the year | €27,477 | €26,552 | €24,574 | €24,370 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €6,278 awarded · €6,278 paidAnnual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €25,244 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,210 | €33,249 | €27,893 | €27,477 | €26,552 | €24,574 | €24,370 | ▼ 0.8% |
| Other operating charges640/8 | - | - | - | €6,022 | €3,613 | €4,092 | €3,688 | ▼ 9.9% |
| Gross operating margin9900 | €112,783 | €103,184 | €163,252 | -€10,984 | -€90,763 | -€63,707 | -€46,437 | ▲ 27.1% |
| Operating profit (loss)9901 | €45,635 | €43,500 | €92,967 | -€69,727 | -€120,928 | -€92,374 | -€74,495 | ▲ 19.4% |
| Financial income75/76B | - | - | - | €16,344 | €0 | €0 | - | - |
| Recurring financial income75 | €1,756 | €2,738 | €1,689 | €275 | €0 | €0 | - | - |
| Non-recurring financial income76B | - | - | - | €16,068 | - | - | - | - |
| Financial charges65/66B | - | - | - | €766 | €74 | €35 | €35 | ▼ 0.8% |
| Recurring financial charges65 | €27,139 | €12,530 | €2,187 | €766 | €74 | €35 | €35 | ▼ 0.8% |
| Profit (loss) for the period before taxes9903 | €20,252 | €33,709 | €92,470 | -€54,149 | -€121,002 | -€92,409 | -€74,530 | ▲ 19.3% |
| Income taxes67/77 | €5,610 | €6,953 | €27,872 | - | - | - | - | - |
| Profit (loss) for the period9904 | €14,642 | €26,756 | €64,598 | -€54,149 | -€121,002 | -€92,409 | -€74,530 | ▲ 19.3% |
| Profit (loss) for the period to be appropriated9905 | €14,642 | €26,756 | €64,598 | -€54,149 | -€121,002 | -€92,409 | -€74,530 | ▲ 19.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.5m | €1.4m | €1.3m | €1.2m | €1.1m | €0.8m | €0.7m | ▼ 9.5% |
| Fixed assets21/28 | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 8.0% |
| Tangible fixed assets22/27 | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 8.0% |
| Land and buildings22 | - | - | - | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 7.8% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.001m | €0.002m | €0.001m | - | - |
| Current assets29/58 | €1.0m | €1.0m | €0.9m | €0.8m | €0.8m | €0.5m | €0.4m | ▼ 10.4% |
| Stocks and contracts in progress3 | €0.5m | €0.5m | €0.3m | €0.002m | - | - | - | - |
| Stocks30/36 | - | - | - | €0.002m | - | - | - | - |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.2m | €0.01m | €0.007m | €0.009m | €273 | ▼ 97.1% |
| Trade receivables40 | - | - | - | €0.005m | €72 | €42 | - | - |
| Other amounts receivable41 | - | - | - | €0.005m | €0.007m | €0.009m | €273 | ▼ 97.1% |
| Cash at bank and in hand54/58 | €0.5m | €0.4m | €0.5m | €0.8m | €0.7m | €0.5m | €0.4m | ▼ 8.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.009m | €0.006m | €0.006m | €0.006m | ▲ 3.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.3m | €1.2m | €1.1m | €0.8m | €0.7m | ▼ 9.5% |
| Equity10/15 | €1.1m | €1.2m | €1.2m | €1.2m | €1.1m | €0.8m | €0.7m | ▼ 9.5% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €1.1m | €1.1m | €1.2m | €1.1m | €1.0m | €0.7m | €0.7m | ▼ 10.3% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €1.1m | €1.0m | €0.7m | €0.6m | ▼ 10.4% |
| Amounts payable17/49 | €0.3m | €0.2m | €0.06m | €0.02m | €0.02m | €0.008m | €0.007m | ▼ 12.3% |
| Amounts payable within one year42/48 | €0.3m | €0.2m | €0.06m | €0.02m | €0.02m | €0.007m | €0.006m | ▼ 13.9% |
| Trade debts44 | €0.02m | €0.03m | €0.02m | €0.009m | €0.008m | €0.004m | €0.001m | ▼ 80.4% |
| Suppliers440/4 | - | - | - | €0.009m | €0.008m | €0.004m | €0.001m | ▼ 80.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.006m | €0.005m | - | €0.002m | - |
| Taxes450/3 | - | - | - | €0.004m | - | - | €34 | - |
| Remuneration and social security454/9 | - | - | - | €0.002m | €0.005m | - | €0.002m | - |
| Other amounts payable47/48 | - | - | - | €0.004m | €0.004m | €0.003m | €0.003m | ▼ 2.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 2.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,642 | €26,756 | €64,598 | -€54,149 | -€121,002 | -€92,409 | -€74,530 | ▲ 19.3% |
| + Depreciation and write-downs630 | €29,210 | €33,249 | €27,893 | €27,477 | €26,552 | €24,574 | €24,370 | ▼ 0.8% |
| Operating cash flow (approximation) | €43,852 | €60,005 | €92,491 | -€26,672 | -€94,450 | -€67,834 | -€50,160 | ▲ 26.1% |
| Investment in fixed assets (approximation) | - | -€15,720 | -€1,745 | €0 | -€2,321 | €0 | €0 | - |
| Change in cash | - | -€73,766 | €91,257 | €347,223 | -€91,191 | -€261,820 | -€42,261 | ▲ 83.9% |
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, 929 companies had the same profile as VANBRABANT has now. Two years later, 90.1% were still going and 1.1% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
90.1%
was still going
8.8%
stopped otherwise
1.1%
went bankrupt
That fits the bankruptcy probability of VANBRABANT 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 929 companies, not a prediction for VANBRABANT. 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 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 28-04-2026 | 2026-00090671 | |
| 30-09-2024 | abbreviated format | 14-04-2025 | 2025-00068923 | |
| 30-09-2023 | abbreviated format | 02-04-2024 | 2024-00058476 | |
| 30-09-2022 | abbreviated format | 03-03-2023 | 2023-00035130 | |
| 30-09-2021 | abbreviated format | 31-03-2022 | 2022-09600057 | |
| 30-09-2020 | abbreviated format | 09-04-2021 | 2021-10000548 | |
| 30-09-2019 | abbreviated format | 30-04-2020 | 2020-11400555 | |
| 30-09-2018 | abbreviated format | 08-05-2019 | 2019-12800087 | |
| 30-09-2017 | abbreviated format | 16-05-2018 | 2018-12900583 | |
| 30-09-2016 | abbreviated format | 07-04-2017 | 2017-09300152 |