VANCO
VANCO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €694k and a net result of €-211k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 53% of 8388 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
| Equity | €694k |
| Net result | €-211k |
| Better than sector | 53% |
| Active | 24 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 55.9% | 53.1% | |
| Net result | €-211k | €38k | |
| Equity | €694k | €354k | |
| Gross operating margin | €57k | €87k | |
| Total assets | €1.24M | €923k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-148k | €77k | €98k | €146k | €220k |
| Net profit | €-211k | €59k | €55k | €90k | €163k |
| Cash flow | €-157k | €113k | €109k | €160k | €231k |
| Staff costs | - | - | - | - | - |
| Income taxes | €0 | €3k | €14k | €26k | €53k |
| Dividends | - | - | - | €6k | - |
| Total assets | €1.24M | €1.61M | €1.67M | €1.76M | €1.78M |
| Equity | €694k | €905k | €846k | €791k | €707k |
| Debt | €548k | €706k | €821k | €968k | €1.07M |
| of which ≤ 1y | €127k | €201k | €133k | €198k | €167k |
| of which > 1y | €421k | €505k | €688k | €771k | €903k |
| Working capital | €-64k | €-19k | €69k | €58k | €43k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.50 | 0.90 | 1.52 | 1.29 | 1.25 |
| Quick ratio | 0.50 | 0.90 | 1.52 | 1.29 | 1.25 |
| Working capital ratio | -5.1% | -1.2% | 4.2% | 3.3% | 2.4% |
| Solvency | 55.9% | 56.2% | 50.8% | 45.0% | 39.8% |
| Debt / equity | 0.79 | 0.78 | 0.97 | 1.22 | 1.51 |
| Long-term debt ratio | 0.61 | 0.56 | 0.81 | 0.97 | 1.28 |
| Interest coverage | -16.09 | 7.37 | 8.14 | 14.46 | 12.92 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -17.0% | 3.7% | 3.3% | 5.1% | 9.2% |
| ROE | -30.5% | 6.5% | 6.5% | 11.4% | 23.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.24M | €1.61M | €1.67M | €1.76M | €1.78M |
| Fixed assets | 21/28 | €1.18M | €1.43M | €1.46M | €1.50M | €1.57M |
| Tangible fixed assets | 22/27 | €836k | €786k | €834k | €881k | €945k |
| Financial fixed assets | 28 | €343k | €643k | €631k | €623k | €623k |
| Current assets | 29/58 | €63k | €182k | €202k | €256k | €210k |
| Amounts receivable within one year | 40/41 | €46k | €91k | €83k | €52k | €70k |
| Cash & bank | 54/58 | €18k | €87k | €119k | €201k | €138k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.24M | €1.61M | €1.67M | €1.76M | €1.78M |
| Equity | 10/15 | €694k | €905k | €846k | €791k | €707k |
| Contributions / capital | 10/11 | €41k | €41k | €41k | €41k | €41k |
| Reserves | 13 | €765k | €765k | €765k | €710k | €626k |
| Accumulated profits (losses) | 14 | €-112k | €99k | €40k | €40k | €40k |
| Amounts payable | 17/49 | €548k | €706k | €821k | €968k | €1.07M |
| Amounts payable after one year | 17 | €421k | €505k | €688k | €771k | €903k |
| Amounts payable within one year | 42/48 | €127k | €201k | €133k | €198k | €167k |
| Trade debts payable within one year | 44 | - | €3k | €5k | €7k | €11k |
| Income statement | ||||||
| Gross operating margin | 9900 | €57k | €89k | €110k | €157k | €192k |
| Operating result | 9901 | €-202k | €22k | €44k | €76k | €152k |
| Financial income | 75 | €0 | €50k | €37k | €50k | €81k |
| Financial charges | 65 | €9k | €10k | €12k | €10k | €17k |
| Result before taxes | 9903 | €-211k | €62k | €69k | €116k | €216k |
| Income taxes | 67/77 | €0 | €3k | €14k | €26k | €53k |
| Net result for the period | 9904 | €-211k | €59k | €55k | €90k | €163k |
| Result to be appropriated | 9905 | €-211k | €59k | €54k | €90k | €163k |
-
Current17-01-2024 → present
2 events
- 17-01-2024 Resigned· Director
- 17-01-2024 Mandate renewed· Director
Former directors (1)
-
Former- → 03-10-2025
| NACE primary | Activities of head offices(70100) |
| Legal form | Private limited company(610) |
| Incorporation | 25-10-2001 |
| Status | Active |
| Postal code | 8800 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017A0763/00F003 | Flanders | 770 m² | 1 · 208 m² | 13.8 m · 2 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
19-11-2025 Koen Vankeirsbilck resigns as director
- Koen Vankeirsbilck, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Koen Vankeirsbilck",
"address": null,
"birth_date": null
},
"effective_date": "2025-10-03",
"evidence_quote": "De algemene vergadering beslist tot het ontslag van Koen Vankeirsbilck als niet-statutaire bestuurder, en dit met ingang op 03/10/2025. De algemene vergadering verleent deze persoon kwijting voor de uitoefening van diens mandaat.",
"discharge_granted": true
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0475.945.841",
"name_full": "VANCO",
"legal_form": "BV"
}
}17-01-2024 1 resigning, 1 reappointed
- Koen Ivan Vankeirsbilck, Bestuurder
- Koen Ivan Vankeirsbilck, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Koen Ivan Vankeirsbilck",
"address": null,
"birth_date": null
},
"evidence_quote": "De algemene vergadering besluit de huidige bestuurder(s), hierna vermeld, ontslag te geven uit hun functie en gaat onmiddellijk over tot hun herbenoeming als niet-statutair bestuurder voor een onbepaalde duur: - Koen Ivan Vankeirsbilck, geboren te Izegem op 29 april 1972, wonende te 8800 Roeselare, ",
"discharge_granted": false
},
{
"kind": "director_renew",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Koen Ivan Vankeirsbilck",
"address": null,
"birth_date": null
},
"evidence_quote": "De algemene vergadering besluit de huidige bestuurder(s), hierna vermeld, ontslag te geven uit hun functie en gaat onmiddellijk over tot hun herbenoeming als niet-statutair bestuurder voor een onbepaalde duur: - Koen Ivan Vankeirsbilck, geboren te Izegem op 29 april 1972, wonende te 8800 Roeselare, ",
"discharge_granted": false
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0475.945.841",
"name_full": "VANCO",
"legal_form": "BVBA"
}
}04-07-2005 Registered office moved within Izegem
- Rozenlaan 71, 8870 Izegem → Izegemsestraat 76, 8870 Izegem
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Izegem",
"region": "Vlaams Gewest",
"street": "Izegemsestraat",
"country": "BE",
"postcode": "8870",
"box_number": null,
"street_number": "76"
},
"old_address": {
"city": "Izegem",
"region": "Vlaams Gewest",
"street": "Rozenlaan",
"country": "BE",
"postcode": "8870",
"box_number": "7",
"street_number": "71"
},
"effective_date": "2005-05-27",
"evidence_quote": "De algemene vergadering besliste op 27 mei 2005 met eenparigherd van stemmen om de zetel te verplaatsen naar Rumbeke, Izegemsestraat 76."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0475.945.841",
"name_full": "VANCO",
"legal_form": "BVBA"
}
}| Legal nameNL | VANCO |