Equity
€133,388 ▼ 9.2%
VANCO paid out €12,000 in dividends in a year with a loss of €1,586.
VANCO
Lifetime
19 annual accounts with figures on one time axis, 37 filings since 1988peak €95,030 (2009)
€37,649▲ 6.2%
lowest -€11,379 (2016)
-€1,586▲ €4,174
peak €157,520 (2018)
€133,388▼ 9.2%
€114,558▲ 13.9%
Board4 names since 2021
1 directorDe Kegel Dieter
Owners
Documentsfilings and deeds
31-08-202531 days late
2024micro format
Loss of €1,586Dividend €12,000
Key points
from the 2024 annual accountsChecked score
55
Fair
Financially stronger than 44% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.0%
01-2025: 1.6%▼ -0.4 percentage points vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.5%▼ -0.1 percentage points vs 03-2025
05-2025: 1.5%● unchanged vs 04-2025
06-2025: 1.4%▼ -0.1 percentage points vs 05-2025
07-2025: 1.5%▲ +0.1 percentage points vs 06-2025
08-2025: 2.0%▲ +0.5 percentage points vs 07-2025
09-2025: 2.2%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 0.5%▼ -1.7 percentage points vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.4%▼ -0.1 percentage points vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026lowest value
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.3 percentage points vs 07-2026
09-2026: 0.9%▲ +0.1 percentage points vs 08-2026
10-2026: 1.4%▲ +0.5 percentage points vs 09-2026
11-2026: 1.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Figures for financial year 2024 (filed on 03-09-2025)
Liquidity: current ratio 0.89, cash €4,917
1 financial year not filed after the legal deadline; last filed accounts filed 31 days late; 3 of the last 3 accounts late
lowers risk
Founded in 1987
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 61% of them on solvency, 38% on liquidity, 50% on profitability and 27% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as VANCO has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VANCO itself is higher: 1.4% within 12 months. It rests on far more data about VANCO than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for VANCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €7,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is insufficient, with a current ratio of 0.89 (0.85 in 2023), below 1. Short-term debt is 29% and cash 2% of total assets. 46.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
raises risk · 2024 accounts filed 31 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
31 days late
2023
120 days late
2022
106 days late
2021
61 days late
2020
68 days late
2019
90 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 79 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0431875969
3 managers resigning, 1 director reappointed
Reappointment: De Kegel Dieter (director) · Resignations: De Kegel Alfred, De Kegel Theophile and Vandenberghe Magda · Legal-form conversion: from coöperatieve vennootschap met beperkte aansprakelijkheid to private limited company · General meeting of 03-11-2023 · Gazette deed
First establishment
Dendermondesteenweg 716, Destelbergen
Incorporation
published on 24-09-1987 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VANCO Destelbergen | €247,946 | €37,649 | 53.8% | - |
| ETS CANTIGNEAUX Braives | €357,083 | €48,260 | 43.1% | - |
| DOMAINE DE ROUMONT Bastogne | €187,293 | €52,861 | 99.1% | - |
| GIOVANNI FOURNITURES AUTOMOBILES Charleroi | €172,307 | €71,283 | 34.7% | - |
| KNOOPS Oudsbergen | €470,031 | €66,863 | 28.8% | - |
| PALITEX Paliseul | €494,051 | €78,523 | 67.9% | - |
| COLMETAL Rijkevorsel | €650,182 | €63,469 | -11.9% | - |
These companies have the same main activity as VANCO: wholesale trade (NACE 46872). They are comparable in size and age: total assets between €172,000 and €650,000, founded between 1984 and 1996.
Official details
Source: KBO- Status
- Active since 01-09-1987Normal situation
- Activity
- Wholesale tradeNACE 46872and 1 other
- Establishment unit
- 2.029.933.4509070 Destelbergen, since 15-09-1987
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Insights on VANCO
VANCO files the micro format. That format states no turnover. The gross margin fell from €58,665 in 2006 to €37,649 in 2024.
In November 2023, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VANCO
- What is the company number of VANCO?
- The company number of VANCO is 0431.875.969. The VAT number is the same number with BE in front: BE 0431.875.969.
- Where is VANCO based?
- The registered office is at Dendermondesteenweg 716, 9070 Destelbergen.Company details
- What does VANCO do?
- According to the KBO register, the main activity is wholesale trade (NACE 46872).
- What is the legal form of VANCO?
- VANCO is a private limited company (BV).
- When was VANCO founded?
- VANCO was founded on 01-09-1987.
- Is VANCO still active?
- Yes, VANCO is an active enterprise in the KBO register.
- What is the turnover of VANCO?
- The turnover in financial year 2024 is ≈ €250,000. This figure is estimated from the gross margin of €37,649 and 94 comparable companies (NACE 46). It probably lies between €130,000 and €460,000.Financials
- Is VANCO profitable?
- In financial year 2024, VANCO made a loss of €1,586.
- Where can I find the annual accounts of VANCO?
- VANCO filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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