VANCATRANS
ActiveVANCATRANS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.19M and a net result of €252k. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 41% of 1847 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
94
/ 100
Excellent▲ +23 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+52
Solvency69▲+9
Growth78=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.4 in 2023), but 64.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
35.5%
Return on assets
7.5%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-08-2025, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d late
2023
28 d late
2022
31 d late
2021
29 d late
2020
28 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.19M▲ 27.0%
2023 · €935k
2018: €373k
2019: €496k
2020: €580k
2021: €661k
2022: €844k
2023: €935k
2018 → 2024
Total assets
€3.34M▲ 15.8%
2023 · €2.89M
2018: €1.54M
2019: €2.01M
2020: €2.21M
2021: €2.21M
2022: €2.38M
2023: €2.89M
2018 → 2024
Net result
€252k▲ 179%
2023 · €90k
2018: €19k
2019: €177k
2020: €84k
2021: €138k
2022: €193k
2023: €90k
2018 → 2024
Working capital
€516k▲ 43.0%
2023 · €361k
2018: €81k
2019: €146k
2020: €166k
2021: €211k
2022: €333k
2023: €361k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€580k-€661k▲ 14.0%€844k▲ 27.6%€935k▲ 10.7%€1.19M▲ 27.0%
Operating result€107k-€193k▲ 81.0%€260k▲ 34.6%€127k▼ 51.4%€370k▲ 192%
Net result€84k-€138k▲ 63.5%€193k▲ 40.3%€90k▼ 53.2%€252k▲ 179%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 192% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.34M
Fixed assets
€1.94M▲ 19.2%
Current assets
€1.41M▲ 11.5%
Equity and liabilities €3.34M
Equity
€1.19M▲ 27.0%
Provisions
€58k▲ 31.0%
Debt
€2.10M▲ 10.0%
The debt ratio falls from 66.1% to 62.8%: equity grows faster than debt.
Key figures and ratios
EBITDA
€805k▲
2023 · €583k
Cash flow
€687k▲
2023 · €547k
Solvency
35.5%▲
2023 · 32.4%
Current ratio
1.58▲
2023 · 1.40
Quick ratio
1.58▲
2023 · 1.40
Debt / equity
1.77▼
2023 · 2.04
ROE
21.3%▲
2023 · 9.7%
ROA
7.5%▲
2023 · 3.1%
Interest coverage
23.15▼
2023 · 25.07
Debt
€2.10M▲
2023 · €1.91M
Debt ≤ 1 year
€890k▼
2023 · €901k
Debt > 1 year
€1.20M▲
2023 · €989k
Income taxes
€78k▲
2023 · €24k
Staff costs
€1.20M▲
2023 · €1.06M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.89M€3.34M▲
Fixed assets21/28€1.63M€1.94M▲
Tangible fixed assets22/27€1.61M€1.92M▲
Land and buildings22€337k€329k▼
Plant, machinery and equipment23€26k€46k▲
Furniture and vehicles24€1.24M€1.54M▲
Financial fixed assets28€18k€18k▼
Current assets29/58€1.26M€1.41M▲
Amounts receivable within one year40/41€608k€613k▲
Trade receivables40€574k€571k▼
Other amounts receivable41€34k€41k▲
Current investments50/53€350k€350k▲
Cash at bank and in hand54/58€169k€416k▲
Deferred charges and accrued income490/1€135k€27k▼
Equity and liabilities
Total equity and liabilities10/49€2.89M€3.34M▲
Equity10/15€935k€1.19M▲
Contributions10/11€6k€6k=
Reserves13€928k€1.18M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€136k€177k▲
Distributable reserves133€792k€1.00M▲
Profit (loss) carried forward14€0-
Provisions and deferred taxes16€44k€58k▲
Deferred taxes168€44k€58k▲
Amounts payable17/49€1.91M€2.10M▲
Amounts payable after more than one year17€989k€1.20M▲
Financial debts170/4€989k€1.20M▲
Amounts payable within one year42/48€901k€890k▼
Current portion of amounts payable after more than one year42€421k€457k▲
Financial debts43€7k€8k▲
Credit institutions430/8€7k€8k▲
Trade debts44€315k€187k▼
Suppliers440/4€315k€187k▼
Taxes, remuneration and social security45€158k€238k▲
Taxes450/3€10k€61k▲
Remuneration and social security454/9€148k€177k▲
Accrued charges and deferred income492/3€18k€11k▼
Income statement
Code20232024
Non-recurring operating income76A€0€68k▲
Remuneration, social security and pensions62€1.06M€1.20M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€456k€434k▼
Other operating charges640/8€238k€273k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€1.89M€2.28M▲
Operating profit (loss)9901€127k€370k▲
Financial income75/76B€8k€9k▲
Recurring financial income75€8k€9k▲
Financial charges65/66B€23k€35k▲
Recurring financial charges65€23k€35k▲
Profit (loss) for the period before taxes9903€111k€344k▲
Transfer from deferred taxes780€3k€3k=
Transfer to deferred taxes680-€17k
Income taxes67/77€24k€78k▲
Profit (loss) for the period9904€90k€252k▲
Transfer from tax-exempt reserves789€10k€10k=
Transfer to tax-exempt reserves689-€51k
Profit (loss) for the period to be appropriated9905€101k€211k▲
Appropriation of the result
Profit (loss) to be appropriated9906€101k€211k▲
Transfer from equity791/2€0-
Transfer to equity691/2€101k€211k▲
To contributions691€101k€0▼
To other reserves6921€0€211k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)908718.319.4▲
The notes to these accounts (29 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 13 days late
2024
31-12
Financial
Highest result since 2018net €252k ▲179%
Operating result €370k, net result €252k, both a record.
31-12
Financial
Equity above €1MEq €1.19M ▲27%
7 profitable years in a row build equity to €1.19M.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 28 days late
2020
31-12
Financial
Equity above €500kEq €580k ▲17%
3 profitable years in a row build equity to €580k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ledegem · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Menenstraat 28880 LedegemGround area
3,204 m²
Building footprint
191 m²
Volume, LiDAR
1,054 m³
Parcel 36010D0339/00Y000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VANCATRANS
since 20082.167.648.112
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36010D0339/00Y000 | Flanders | 3,204 m² | 1 · 191 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 15,498 EUR awarded · 15,498 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,343 EUR | 1,212 EUR |
| 2024 | 1 | 1,356 EUR | 1,356 EUR |
| 2023 | 2 | 12,680 EUR | 12,811 EUR |
| 2022 | 1 | 119 EUR | 119 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteLedegem2.167.648.112
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Of 12,446 companies in sector 49410 we hold annual accounts for 8,087. 3,832 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-12-2007
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
52249Warehousing and support activities for transportation
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.