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VANCALI

Active
Private limited companyfounded 20242 yrs activeBolimpont 52A, 4845 Jalhay, BelgiumKBO/BCE: BE 1011.064.454
Summary

The computed 12-month bankruptcy probability of VANCALI is 1.9% (moderate). The 2025 annual accounts show equity of €43,194 and a net result of -€13,180. Its solvency ranks better than 42% of 1317 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability15▲+2
Solvency36▼-20
Growth32
Track record82
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.06 against 0.56 in 2024; short-term debt: 89.3% and cash: 5% of total assets), and 89.3% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2025
Solvency, return and age of the figures
Solvency
10.7%
Return on assets
-3.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 2025
Net result per financial year
2425
2024 to 2025 · latest year -€13,180
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
on the day
2024
59 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
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 July 2024, VANCALI was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

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

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Financials · fiscal year 2025, micro schema

Equity
€43,194▼ 23.4%
2024 · €56,374
Total assets
€402,069▲ 123%
2024 · €179,989
Net result
-€13,180▼ 52.8%
2024 · -€8,626
Working capital
-€338,216▼ 527%
2024 · -€53,926
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, 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
Line20242025
Operating result-€8,623--€13,074▼ 51.6%
Net result-€8,626within the sector's middle half--€13,180within the sector's middle half▼ 52.8%
Equity€56,374within the sector's middle half-€43,194within the sector's middle half▼ 23.4%
Total assets€179,989within the sector's middle half-€402,069within the sector's middle half▲ 123%
Debt€123,615-€358,875▲ 190%
Working capital-€53,926--€338,216▼ 527%
Solvency31.3%within the sector's middle half-10.7%within the sector's middle half▼ 20.6pp
above within below the middle half (P25 to P75) of NACE 55, Accommodation, 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
-€15,000-€10,000-€5,000€0Operating result 2024: -€8,623-€8,623Net result 2024: -€8,626-€8,626Operating result 2025: -€13,074-€13,074Net result 2025: -€13,180-€13,18020242025-€15,000-€10,000-€5,000€0Operating result 2024: -€8,623-€8,620Net result 2024: -€8,626-€8,630Operating result 2025: -€13,074-€13,100Net result 2025: -€13,180-€13,20020242025
The operating result stays negative: a loss of €13,074 in 2025 against €8,623 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €402,069
Fixed assets €381,410 ▲ 246%
Current assets €20,660 ▼ 70.4%
Equity and liabilities €402,069
Equity €43,194 ▼ 23.4%
Debt €358,875 ▲ 190%
Debt's share of the balance-sheet total rises from 68.7% to 89.3%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€5,786▲
2024 · -€8,069
Cash flow
-€5,893▲
2024 · -€8,072
Current ratio
0.06▼
2024 · 0.56
Debt to equity
8.31▲
2024 · 2.19
ROE
-30.5%▼
2024 · -15.3%
ROA
-3.3%▲
2024 · -4.8%
Interest coverage
-54.38▲
2024 · -2345.53
Debt ≤ 1 year
€358,875▲
2024 · €123,615
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,270 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a small loss
3.6% went bankrupt
2.0% stopped otherwise
93% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.9% 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 1,270 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 against 2024 · 32 lines
Balance sheet Code20242025
Assets
Total assets20/58€179,989€402,069▲
Fixed assets21/28€110,300€381,410▲
Tangible fixed assets22/27€110,300€381,410▲
Land and buildings22€109,692€381,035▲
Furniture and vehicles24€607€375▼
Current assets29/58€69,689€20,660▼
Amounts receivable within one year40/41€906€566▼
Trade receivables40-€534
Other amounts receivable41€906€32▼
Cash at bank and in hand54/58€68,783€20,093▼
Equity and liabilities
Total equity and liabilities10/49€179,989€402,069▲
Equity10/15€56,374€43,194▼
Contributions10/11€65,000€65,000=
Profit (loss) carried forward14-€8,626-€21,806▼
Amounts payable17/49€123,615€358,875▲
Amounts payable within one year42/48€123,615€358,875▲
Trade debts44€3,562€60,002▲
Suppliers440/4€3,562€60,002▲
Other amounts payable47/48€120,053€298,873▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€554€7,287▲
Other operating charges640/8-€431
Gross operating margin9900-€8,069-€5,355▲
Operating profit (loss)9901-€8,623-€13,074▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€3€106▲
Recurring financial charges65€3€106▲
Profit (loss) for the period before taxes9903-€8,626-€13,180▼
Profit (loss) for the period9904-€8,626-€13,180▼
Profit (loss) for the period to be appropriated9905-€8,626-€13,180▼
Appropriation of the result
Profit (loss) to be appropriated9906-€8,626-€21,806▼
Profit (loss) brought forward from the previous period14P--€8,626

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€554€7,287▲ 1,216%
Other operating charges640/8-€431-
Gross operating margin9900-€8,069-€5,355▲ 33.6%
Operating profit (loss)9901-€8,623-€13,074▼ 51.6%
Financial income75/76B-€0-
Recurring financial income75-€0-
Financial charges65/66B€3€106▲ 2,993%
Recurring financial charges65€3€106▲ 2,993%
Profit (loss) for the period before taxes9903-€8,626-€13,180▼ 52.8%
Profit (loss) for the period9904-€8,626-€13,180▼ 52.8%
Profit (loss) for the period to be appropriated9905-€8,626-€13,180▼ 52.8%
Line20242025Change
Assets
Total assets20/58€179,989€402,069▲ 123%
Fixed assets21/28€110,300€381,410▲ 246%
Tangible fixed assets22/27€110,300€381,410▲ 246%
Land and buildings22€109,692€381,035▲ 247%
Furniture and vehicles24€607€375▼ 38.3%
Current assets29/58€69,689€20,660▼ 70.4%
Amounts receivable within one year40/41€906€566▼ 37.5%
Trade receivables40-€534-
Other amounts receivable41€906€32▼ 96.4%
Cash at bank and in hand54/58€68,783€20,093▼ 70.8%
Equity and liabilities
Total equity and liabilities10/49€179,989€402,069▲ 123%
Equity10/15€56,374€43,194▼ 23.4%
Contributions10/11€65,000€65,000=
Profit (loss) carried forward14-€8,626-€21,806▼ 153%
Amounts payable17/49€123,615€358,875▲ 190%
Amounts payable within one year42/48€123,615€358,875▲ 190%
Trade debts44€3,562€60,002▲ 1,585%
Suppliers440/4€3,562€60,002▲ 1,585%
Other amounts payable47/48€120,053€298,873▲ 149%
Line20242025Change
Profit (loss) for the period9904-€8,626-€13,180▼ 52.8%
+ Depreciation and write-downs630€554€7,287▲ 1,216%
Operating cash flow (approximation)-€8,072-€5,893▲ 27.0%
Investment in fixed assets (approximation)--€278,397-
Change in cash--€48,690-

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
02-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Jalhay · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
3,963 m²
Building footprint
208 m²
Volume, LiDAR
777 m³
2 parcels, Wallonia · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VANCALI
Bolimpont 53, 4845 JalhayForestry and logging
since 20242.361.097.388
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63038C1182/00G003 Wallonia 2,822 m² 1 · 103 m² 8.9 m · 3 fl.
63038B1608/00G004 Wallonia 1,141 m² 1 · 105 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.

Similar companies · same sector, comparable size

Of 1,854 companies in sector 55204 we hold annual accounts for 451. 341 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
Founded02-07-2024
Fiscal year end31-12
Activities, NACEBEL 2025
55204Guest rooms (bed and breakfast)
02200Logging
55203Holiday cottages, homes and apartments
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1011064454
Also 9925:BE1011064454
Registered 04-09-2025

Register as of 27 September 2026 · Peppol Directory

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