Vanco Engineering
ActiveSummary
Vanco Engineering has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €13k. Equity is growing by ~33.8% per year across the filed fiscal years. Its solvency ranks better than 39% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-12
Solvency68▼-16
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 2.21 in 2024; short-term debt: 57.2% and cash: 0% of total assets), but 57.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
42.8%
Return on assets
13.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-02-2026, 76 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
76 d early
2024
63 d early
2023
28 d late
2022
5 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€41k▼ 35.0%
2024 · €62k
Total assets
€95k▼ 10.7%
2024 · €106k
Net result
€13k▼ 35.7%
2024 · €21k
Working capital
€31k▼ 40.8%
2024 · €53k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€20k-€33k▲ 65.7%€33k▲ 2.3%€23k▼ 31.9%
Net result€14k-€23k▲ 69.7%€21k▼ 11.3%€13k▼ 35.7%
Equity€19k-€42k▲ 124%€62k▲ 49.1%€41k▼ 35.0%
Total assets€31k-€78k▲ 155%€106k▲ 35.4%€95k▼ 10.7%
Debt€12k-€37k▲ 203%€44k▲ 19.6%€54k▲ 23.9%
Working capital€14k-€32k▲ 135%€53k▲ 64.3%€31k▼ 40.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95k
Fixed assets
€9k ▼ 2.6%
Current assets
€85k ▼ 11.5%
Equity and liabilities €95k
Equity
€41k ▼ 35.0%
Debt
€54k ▲ 23.9%
Debt's share of the balance-sheet total rises from 41.2% to 57.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€23k▼
2024 · €34k
Cash flow
€13k▼
2024 · €21k
Current ratio
1.58▼
2024 · 2.21
Debt to equity
1.34▲
2024 · 0.70
ROE
32.6%▼
2024 · 32.9%
ROA
13.9%▼
2024 · 19.4%
Interest coverage
5.43▼
2024 · 7.48
Debt ≤ 1 year
€54k▲
2024 · €44k
Income taxes
€5k▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42 | €250 | €250 | €250 | = |
| Other operating charges640/8 | €916 | €1k | €6k | €5k | ▼ 16.9% |
| Gross operating margin9900 | €21k | €34k | €40k | €28k | ▼ 29.2% |
| Operating profit (loss)9901 | €20k | €33k | €33k | €23k | ▼ 31.9% |
| Financial income75/76B | €815 | €2k | €280 | €1 | ▼ 99.6% |
| Recurring financial income75 | €815 | €2k | €280 | €1 | ▼ 99.6% |
| Financial charges65/66B | €286 | €1k | €4k | €4k | ▼ 6.0% |
| Recurring financial charges65 | €286 | €1k | €4k | €4k | ▼ 6.0% |
| Profit (loss) for the period before taxes9903 | €20k | €33k | €29k | €18k | ▼ 36.5% |
| Income taxes67/77 | €7k | €10k | €9k | €5k | ▼ 38.5% |
| Profit (loss) for the period9904 | €14k | €23k | €21k | €13k | ▼ 35.7% |
| Profit (loss) for the period to be appropriated9905 | €14k | €23k | €21k | €13k | ▼ 35.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €31k | €78k | €106k | €95k | ▼ 10.7% |
| Fixed assets21/28 | €5k | €10k | €9k | €9k | ▼ 2.6% |
| Tangible fixed assets22/27 | €5k | €5k | €4k | €4k | ▼ 5.6% |
| Other tangible fixed assets26 | €5k | €5k | €4k | €4k | ▼ 5.6% |
| Financial fixed assets28 | - | €5k | €5k | €5k | = |
| Current assets29/58 | €26k | €69k | €97k | €85k | ▼ 11.5% |
| Amounts receivable within one year40/41 | €25k | €69k | €92k | €85k | ▼ 8.2% |
| Trade receivables40 | €1k | €23k | €33k | €27k | ▼ 17.4% |
| Other amounts receivable41 | €24k | €46k | €59k | €58k | ▼ 3.1% |
| Cash at bank and in hand54/58 | €820 | €57 | - | €5 | - |
| Deferred charges and accrued income490/1 | €40 | - | €4k | €498 | ▼ 87.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €31k | €78k | €106k | €95k | ▼ 10.7% |
| Equity10/15 | €19k | €42k | €62k | €41k | ▼ 35.0% |
| Contributions10/11 | €5k | €5k | €5k | €5k | = |
| Reserves13 | €14k | €37k | €57k | €36k | ▼ 38.0% |
| Distributable reserves133 | €14k | €37k | €57k | €36k | ▼ 38.0% |
| Amounts payable17/49 | €12k | €37k | €44k | €54k | ▲ 23.9% |
| Amounts payable within one year42/48 | €12k | €36k | €44k | €54k | ▲ 23.9% |
| Financial debts43 | - | - | €0 | - | - |
| Credit institutions430/8 | - | - | €0 | - | - |
| Trade debts44 | €909 | €5k | €12k | €7k | ▼ 40.7% |
| Suppliers440/4 | €909 | €5k | €12k | €7k | ▼ 40.7% |
| Taxes, remuneration and social security45 | €11k | €31k | €32k | €12k | ▼ 61.9% |
| Taxes450/3 | €11k | €31k | €32k | €12k | ▼ 61.9% |
| Other amounts payable47/48 | - | - | - | €35k | - |
| Accrued charges and deferred income492/3 | - | €81 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €23k | €21k | €13k | ▼ 35.7% |
| + Depreciation and write-downs630 | €42 | €250 | €250 | €250 | = |
| Operating cash flow (approximation) | €14k | €23k | €21k | €13k | ▼ 35.3% |
| Investment in fixed assets (approximation) | - | €-5k | €0 | €0 | - |
| Change in cash | - | €-763 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €13k ▼35.7%
Net result drops to €13k, the lowest in the series.
26-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
30-09
Financial
Highest result since 2022net €23k ▲69.7%
Net result €23k, the highest in the series.
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Ieper · 1 establishment unit since 2021
Ground area
153 m²
Building footprint
100 m²
Volume, LiDAR
456 m³
Parcel 33302A0203/00W002, Flanders · tallest building 9.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VANCO ENGINEERING
since 20212.323.325.489
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33302A0203/00W002 | Flanders | 153 m² | 1 · 100 m² | 9.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 66 EUR awarded · 66 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 32 EUR |
| 2023 | 1 | 66 EUR | 34 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 36,773 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-09-2021
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.