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VANCAL

Active
Private limited companyfounded 20242 yrs activeKoekoekstraat 15, 8870 Izegem, BelgiumKBO/BCE: BE 1013.043.947
Summary

VANCAL has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87,524 and a net result of €82,524. Its solvency ranks better than 52% of 2300 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes
Profitability100
Solvency69
Growth-
Track record67
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.78; short-term debt: 56.1% and cash: 0.1% of total assets), but 56.2% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
43.8%
Return on assets
41.3%
Age of the figures
15 mo
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 24-11-2025, 68 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
68 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 2 September 2024, VANCAL was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€87,524
Total assets
€199,789
Net result
€82,524
Working capital
€87,786

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Equity and liabilities €199,789
Equity €87,524
Debt €112,265
Debt finances 56.2% of the balance-sheet total.
Key figures and ratios
2025 value
Current ratio
1.78
Debt to equity
1.28
ROE
94.3%
ROA
41.3%
Debt ≤ 1 year
€112,003
Income taxes
€20,965

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 39,275 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
Filed annual accounts As filed with the NBB · 2025 · 28 lines
Balance sheet Code2025
Assets
Total assets20/58€199,789
Current assets29/58€199,789
Amounts receivable within one year40/41€199,650
Trade receivables40€199,650
Cash at bank and in hand54/58€139
Equity and liabilities
Total equity and liabilities10/49€199,789
Equity10/15€87,524
Contributions10/11€5,000
Reserves13€82,524
Distributable reserves133€82,524
Amounts payable17/49€112,265
Amounts payable within one year42/48€112,003
Taxes, remuneration and social security45€59,379
Taxes450/3€59,379
Other amounts payable47/48€52,625
Accrued charges and deferred income492/3€262
Income statement Code2025
Other operating charges640/8€649
Gross operating margin9900€104,152
Operating profit (loss)9901€103,503
Financial charges65/66B€14
Recurring financial charges65€14
Profit (loss) for the period before taxes9903€103,489
Income taxes67/77€20,965
Profit (loss) for the period9904€82,524
Profit (loss) for the period to be appropriated9905€82,524
Appropriation of the result
Profit (loss) to be appropriated9906€82,524
Transfer to equity691/2€82,524
To other reserves6921€82,524

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Other operating charges640/8€649
Gross operating margin9900€104,152
Operating profit (loss)9901€103,503
Financial charges65/66B€14
Recurring financial charges65€14
Profit (loss) for the period before taxes9903€103,489
Income taxes67/77€20,965
Profit (loss) for the period9904€82,524
Profit (loss) for the period to be appropriated9905€82,524
Line2025
Assets
Total assets20/58€199,789
Current assets29/58€199,789
Amounts receivable within one year40/41€199,650
Trade receivables40€199,650
Cash at bank and in hand54/58€139
Equity and liabilities
Total equity and liabilities10/49€199,789
Equity10/15€87,524
Contributions10/11€5,000
Reserves13€82,524
Distributable reserves133€82,524
Amounts payable17/49€112,265
Amounts payable within one year42/48€112,003
Taxes, remuneration and social security45€59,379
Taxes450/3€59,379
Other amounts payable47/48€52,625
Accrued charges and deferred income492/3€262
Line2025
Profit (loss) for the period9904€82,524
Operating cash flow (approximation)€82,524

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
24-11
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Izegem · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
525 m²
Building footprint
81 m²
Volume, LiDAR
536 m³
Parcel 36492A0634/00W000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
VANCAL
Koekoekstraat 15, 8870 IzegemFinancial service activities, except insurance and pension funding
since 20242.366.186.029
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36492A0634/00W000 Flanders 525 m² 1 · 81 m² 8.5 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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

6488I14IAG966UPN0694
live in the LEI register

Similar companies · same sector, comparable size

Of 24,517 companies in sector 82990 we hold annual accounts for 9,415. 7,182 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
Founded02-09-2024
Fiscal year end30-06
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1013043947
Also 9925:BE1013043947
Registered 06-01-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.