Vanckan
ActiveSummary
Vanckan has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94k and a net result of €108k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 20% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▲+58
Solvency38▲+15
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.48 in 2024; short-term debt: 63.5% and cash: 0.1% of total assets), but 86.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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 2025Solvency, return and age of the figures
Solvency
13.3%
Return on assets
15.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 8001 sector peers (2025).
NBB · sector comparisonPosition among 8001 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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
11 d late
2024
28 d late
2023
10 d late
2022
8 d late
2021
19 d late
2020
9 d late
2019
6 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, abbreviated schema
Turnover
€898k
EBIT margin
5.2%
Net result
€108k
2024 · €-70k
2018: €28k
2019: €24k
2020: €-22k
2021: €45k
2022: €97k
2023: €104k
2024: €-70k
2018 → 2025
Working capital
€229k▲ 32.9%
2024 · €172k
2018: €11k
2019: €34k
2020: €-9k
2021: €2k
2022: €3k
2023: €330k
2024: €172k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€50k-€52k▲ 4.5%€56k▲ 7.8%€-14k€94k
Operating result€60k-€137k▲ 128%€151k▲ 10.3%€187k▲ 24.2%€156k▼ 16.9%
Net result€45k-€97k▲ 117%€104k▲ 7.0%€-70k€108k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €705k
Fixed assets
€28k ▼ 42.8%
Current assets
€676k ▲ 26.6%
Equity and liabilities €705k
Equity
€94k
Debt
€611k
Debt finances 86.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€177k▼
2024 · €207k
Cash flow
€129k▲
2024 · €-50k
Current ratio
1.51▲
2024 · 1.48
Debt to equity
6.49▲
2024 · -43.69
ROE
114.5%
ROA
15.3%▲
2024 · -11.9%
Interest coverage
3.59▲
2024 · 0.76
Debt ≤ 1 year
€447k▲
2024 · €362k
Debt > 1 year
€162k▼
2024 · €235k
Income taxes
€100▼
2024 · €366
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€584k€705k▲
Fixed assets21/28€50k€28k▼
Tangible fixed assets22/27€50k€28k▼
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€48k€27k▼
Current assets29/58€534k€676k▲
Amounts receivable within one year40/41€510k€675k▲
Trade receivables40€425k€558k▲
Other amounts receivable41€85k€117k▲
Cash at bank and in hand54/58€22k€966▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€584k€705k▲
Equity10/15€-14k€94k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-34k€74k▲
Amounts payable17/49€598k€611k▲
Amounts payable after more than one year17€235k€162k▼
Financial debts170/4€235k€162k▼
Amounts payable within one year42/48€362k€447k▲
Current portion of amounts payable after more than one year42€69k€76k▲
Financial debts43-€30k
Credit institutions430/8-€30k
Trade debts44€159k€199k▲
Suppliers440/4€159k€199k▲
Taxes, remuneration and social security45€20k€11k▼
Taxes450/3€17k€8k▼
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€114k€131k▲
Accrued charges and deferred income492/3€668€799▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€21k▲
Other operating charges640/8€1k€720▼
Gross operating margin9900€208k€178k▼
Operating profit (loss)9901€187k€156k▼
Financial income75/76B€16k€2k▼
Recurring financial income75€16k€2k▼
Financial charges65/66B€272k€49k▼
Recurring financial charges65€272k€49k▼
Profit (loss) for the period before taxes9903€-69k€108k▲
Income taxes67/77€366€100▼
Profit (loss) for the period9904€-70k€108k▲
Profit (loss) for the period to be appropriated9905€-70k€108k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€74k▲
Profit (loss) brought forward from the previous period14P€35k€-34k▼
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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 11 days late
2025
31-12
Financial
Back to profitnet €108k
Net result €108k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-70k ▼167%
Net result drops to €-70k, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 10 days late
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 8 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
31-12
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 9 days late
2020
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 6 days late
2019
10-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 10 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 7 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Chaudfontaine · 1 establishment unit since 1976
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.
Chemin Macors 164052 ChaudfontaineGround area
4,772 m²
Building footprint
339 m²
Volume, LiDAR
2,194 m³
Parcel 62012E0027/00Z002, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Chemin Macors 16, 4052 Chaudfontaine
since 19762.013.490.465
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012E0027/00Z002 | Wallonia | 4,772 m² | 1 · 339 m² | 7.9 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.
Similar companies · same sector, comparable size
KRISTAL BELGIUM
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BE 0597.868.012
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BS PACKAGING Belgium
BE 0878.614.419
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INPACO INDUSTRIE
BE 0466.700.553
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SADISSON
BE 0425.212.564
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Of 432 companies in sector 46869 we hold annual accounts for 244. 129 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
Founded25-08-1976
Fiscal year end31-12
Activities, NACEBEL 2025
46869Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.