Vance
ActiveSummary
Vance has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-195k) and a net result of €-63k. Equity is shrinking by ~53.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
27
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▼-7
Solvency0▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.02 in 2024; short-term debt: 71.7% and cash: 0.1% of total assets), and equity is negative.
Credit check 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-30.5%
Return on assets
-9.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-195k
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 06-07-2026, 25 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
25 d early
2024
13 d early
2023
9 d early
2022
30 d late
2021
30 d late
2020
30 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-195k▼ 48.0%
2024 · €-132k
2020: €20k
2021: €-14k
2022: €-54k
2023: €-96k
2024: €-132k
2020 → 2025
Total assets
€639k▼ 1.7%
2024 · €650k
2020: €412k
2021: €410k
2022: €522k
2023: €631k
2024: €650k
2020 → 2025
Net result
€-63k▼ 74.7%
2024 · €-36k
2020: €-20k
2021: €-34k
2022: €-40k
2023: €-42k
2024: €-36k
2020 → 2025
Working capital
€-444k▼ 20.9%
2024 · €-367k
2020: €-29k
2021: €-64k
2022: €-73k
2023: €-254k
2024: €-367k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-14k-€-54k▼ 280%€-96k▼ 76.8%€-132k▼ 37.8%€-195k▼ 48.0%
Operating result€-26k-€-31k▼ 18.2%€-33k▼ 6.8%€-18k▲ 45.5%€-48k▼ 168%
Net result€-34k-€-40k▼ 16.6%€-42k▼ 4.2%€-36k▲ 12.9%€-63k▼ 74.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €48k in 2025 against €18k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €639k
Fixed assets
€625k ▼ 2.8%
Current assets
€14k ▲ 106%
Key figures and ratios
EBITDA
€-24k▼
2024 · €3k
Cash flow
€-39k▼
2024 · €-15k
Solvency
-30.5%▼
2024 · -20.3%
Current ratio
0.03▲
2024 · 0.02
Debt to equity
-4.27▲
2024 · -5.93
ROA
-9.9%▼
2024 · -5.6%
Interest coverage
-1.62▼
2024 · 0.17
Debt
€834k▲
2024 · €782k
Debt ≤ 1 year
€458k▲
2024 · €374k
Debt > 1 year
€376k▼
2024 · €408k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€650k€639k▼
Formation expenses20€20-
Fixed assets21/28€643k€625k▼
Tangible fixed assets22/27€643k€625k▼
Land and buildings22€641k€624k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€7k€14k▲
Amounts receivable within one year40/41€7k€14k▲
Trade receivables40-€10k
Other amounts receivable41€7k€4k▼
Cash at bank and in hand54/58€321€666▲
Equity and liabilities
Total equity and liabilities10/49€650k€639k▼
Equity10/15€-132k€-195k▼
Contributions10/11€40k€40k=
Profit (loss) carried forward14€-172k€-235k▼
Amounts payable17/49€782k€834k▲
Amounts payable after more than one year17€408k€376k▼
Financial debts170/4€408k€376k▼
Amounts payable within one year42/48€374k€458k▲
Current portion of amounts payable after more than one year42€31k€32k▲
Financial debts43€200k€200k=
Credit institutions430/8€200k€200k=
Trade debts44€15k€13k▼
Suppliers440/4€15k€13k▼
Taxes, remuneration and social security45€32-
Taxes450/3€32-
Other amounts payable47/48€128k€214k▲
Income statement
Code20242025
Non-recurring operating income76A€21k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€24k▲
Other operating charges640/8€2k€4k▲
Gross operating margin9900€5k€-20k▼
Operating profit (loss)9901€-18k€-48k▼
Financial income75/76B€21-
Recurring financial income75€21-
Financial charges65/66B€18k€15k▼
Recurring financial charges65€18k€15k▼
Profit (loss) for the period before taxes9903€-36k€-63k▼
Profit (loss) for the period9904€-36k€-63k▼
Profit (loss) for the period to be appropriated9905€-36k€-63k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-172k€-235k▼
Profit (loss) brought forward from the previous period14P€-136k€-172k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-63k
Net result drops to €-63k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Herselt · 1 establishment unit since 2020
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.
Westerlosesteenweg 32230 HerseltGround area
1,118 m²
Building footprint
336 m²
Parcel 13392M0606/00M002, Flanders. Linked by address, not a title deed.
1 establishment unit
Vance
since 20202.299.358.868
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13392M0606/00M002 | Flanders | 1,118 m² | 1 · 335 m² | - |
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.
Similar companies · same sector, comparable size
VALKIMMO
BE 0670.976.516
Putte · Eq €20,000
SPHERE 5
BE 0700.857.860
Asse · Eq €20,000
DES.invest
BE 0705.824.260
Sint-Niklaas · Eq €20,000
JOPS VASTGOED
BE 0728.841.865
Brecht · Eq €20,000
West Tower
BE 1003.458.664
Hulshout · Eq €20,007
Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 2,108 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.