VANCO
ActiveFrom the official registers: KBO 21 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
VANCO has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44,167 and a net result of €622. Equity has been shrinking by about 13% per year since 2018. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 25-03-2003 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.171.850.091 1000 Brussel, since 25-03-2003
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Turnover
- €86,292
- ▼ 42.0%
- Profit
- €622
- Equity
- €44,167
- ▲ 1.4%
- Total assets
- €44,167
- ▼ 16.8%
Score breakdownraises riskNo main activity registeredLast filed accounts filed 27 days late; 1 of the last 3 accounts latelowers riskFounded in 2003Liquidity: cash €28,994Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro). It does better than 81% of them on solvency, 95% on liquidity, 32% on profitability and 32% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 130 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00477601.
Annual accounts 2025 filed on 27-08-2026 at the NBB all 21 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a profit of €1,570, after a loss of €8,073 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
Use the arrow keys on the chart for the figures per year.
Companies with the same profile, two years later
Historical observationIn July 2024, 17,041 companies had the same profile as VANCO has now. Two years later, 0.5% had gone bankrupt and 94.4% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VANCO itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,445 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 17,041 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | €78,775 | - | - | - | €148,671 | €86,292 | ▼ 42.0% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €82,129 | - | - | - | €155,721 | €103,274 | ▼ 33.7% |
| Remuneration, social security and pensions62 | - | - | €4,224 | €520 | €9,203 | €6,305 | €351 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €872 | €545 | €631 | €278 | €296 | €243 | €243 | - | - |
| Other operating charges640/8 | - | - | €1,598 | €3,469 | €1,685 | €36,309 | €3,941 | €4,122 | ▲ 4.6% |
| Gross operating margin9900 | €23,103 | €15,239 | -€3,354 | €4,038 | €21,926 | €13,548 | -€3,537 | €5,692 | - |
| Operating profit (loss)9901 | €6,701 | -€9,282 | -€9,806 | -€229 | €10,742 | -€29,309 | -€8,073 | €1,570 | - |
| Financial income75/76B | - | - | €0 | - | €10 | €38 | €13 | €11 | ▼ 13.7% |
| Recurring financial income75 | €1 | €2 | €0 | - | €10 | €38 | €13 | €11 | ▼ 13.7% |
| Financial charges65/66B | - | - | €712 | €1,579 | €6,170 | €5,429 | €1,882 | €959 | ▼ 49.0% |
| Recurring financial charges65 | €774 | €942 | €712 | €1,579 | €6,170 | €5,429 | €1,882 | €959 | ▼ 49.0% |
| Profit (loss) for the period before taxes9903 | €5,927 | -€10,223 | -€10,518 | -€1,809 | €4,582 | -€34,699 | -€9,942 | €622 | - |
| Income taxes67/77 | €2,342 | €13,811 | €3,150 | - | - | €85 | - | - | - |
| Profit (loss) for the period9904 | €3,585 | -€24,033 | -€13,668 | -€1,809 | €4,582 | -€34,785 | -€9,942 | €622 | - |
| Profit (loss) for the period to be appropriated9905 | €3,585 | -€24,033 | -€13,668 | -€1,809 | €4,582 | -€34,785 | -€9,942 | €622 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €116,505 | €113,001 | €112,158 | €107,384 | €103,300 | €65,781 | €53,071 | €44,167 | ▼ 16.8% |
| Fixed assets21/28 | €12,325 | €11,645 | €11,828 | €14,215 | €14,455 | €14,212 | €3,019 | - | - |
| Intangible fixed assets21 | - | - | - | - | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €1,375 | €695 | €878 | €3,265 | €3,505 | €3,262 | €3,019 | - | - |
| Plant, machinery and equipment23 | - | - | - | €2,665 | €2,665 | €2,665 | €2,665 | - | - |
| Furniture and vehicles24 | - | - | €878 | €600 | €840 | €597 | €354 | - | - |
| Financial fixed assets28 | €10,950 | €10,950 | €10,950 | €10,950 | €10,950 | €10,950 | - | - | - |
| Current assets29/58 | €104,180 | €101,356 | €100,330 | €93,169 | €88,845 | €51,569 | €50,052 | €44,167 | ▼ 11.8% |
| Amounts receivable within one year40/41 | €80,378 | €73,916 | €78,270 | €64,516 | €60,760 | €38,087 | €44,278 | €15,174 | ▼ 65.7% |
| Trade receivables40 | - | - | €73,653 | €57,464 | €57,078 | €25,382 | €12,834 | - | - |
| Other amounts receivable41 | - | - | €4,617 | €7,052 | €3,682 | €12,705 | €31,444 | €15,174 | ▼ 51.7% |
| Cash at bank and in hand54/58 | €3,750 | €7,388 | €2,008 | €6,284 | €5,587 | €13,482 | €5,774 | €28,994 | ▲ 402% |
| Deferred charges and accrued income490/1 | - | - | €20,052 | €22,369 | €22,497 | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €116,505 | €113,001 | €112,158 | €107,384 | €103,300 | €65,781 | €53,071 | €44,167 | ▼ 16.8% |
| Equity10/15 | €115,200 | €91,166 | €77,498 | €83,689 | €88,271 | €53,486 | €43,545 | €44,167 | ▲ 1.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €14,200 | €14,200 | €14,200 | €14,200 | €14,200 | = |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Non-distributable reserves130/1 | - | - | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Other1319 | - | - | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Profit (loss) carried forward14 | €107,145 | €83,111 | €69,443 | €67,634 | €72,216 | €37,431 | €27,490 | €28,112 | ▲ 2.3% |
| Amounts payable17/49 | €1,306 | €21,834 | €34,660 | €23,695 | €15,029 | €12,295 | €9,526 | - | - |
| Amounts payable within one year42/48 | €1,306 | €2,884 | €8,798 | €5,657 | €3,158 | €5,483 | €4,511 | - | - |
| Trade debts44 | - | - | - | - | - | €5,483 | €4,306 | - | - |
| Suppliers440/4 | - | - | - | - | - | €5,483 | €4,306 | - | - |
| Taxes, remuneration and social security45 | - | - | €4,259 | €3,980 | €2,866 | - | €205 | - | - |
| Taxes450/3 | - | - | €4,259 | €3,859 | €2,866 | - | €205 | - | - |
| Remuneration and social security454/9 | - | - | - | €121 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | €4,540 | €1,677 | €291 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €25,862 | €18,038 | €11,871 | €6,812 | €5,015 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,585 | -€24,033 | -€13,668 | -€1,809 | €4,582 | -€34,785 | -€9,942 | €622 | - |
| + Depreciation and write-downs630 | €872 | €545 | €631 | €278 | €296 | €243 | €243 | - | - |
| Operating cash flow (approximation) | €4,456 | -€23,488 | -€13,037 | -€1,531 | €4,878 | -€34,541 | -€9,698 | €622 | - |
| Investment in fixed assets (approximation) | - | €135 | -€814 | -€2,665 | -€536 | €0 | €10,950 | - | - |
| Change in cash | - | €3,638 | -€5,380 | €4,276 | -€697 | €7,895 | -€7,708 | €23,220 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00477601 | NBB |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00477444 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00494386 | |
| 31-12-2022 | micro format | 28-12-2023 | 2023-00540220 | |
| 31-12-2021 | micro format | 29-12-2022 | 2023-20551365 | |
| 31-12-2020 | micro format | 14-06-2022 | 2022-20061600 | |
| 31-12-2019 | micro format | 21-01-2021 | 2021-01300291 | |
| 31-12-2018 | micro format | 21-01-2021 | 2021-01300290 | |
| 31-12-2017 | micro format | 27-03-2020 | 2020-07700130 | |
| 31-12-2016 | full format | 31-12-2018 | 2018-76300092 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
VANCO shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of VANCO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21803C0356/00B000 | Brussels | 162 m² | 1 · 162 m² | 19.0 m · 6 |