VANCOBERT
ActiveSummary
VANCOBERT has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €5,688. Equity remains stable across the filed financial years (±2.2% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €1.0m
- Profit
- €5,688
- Largest shareholder
- RYLAR · 49.97%
- Holdings
- 2
Why 91raises riskLiquidity: current ratio 0.78, cash €5,906No main activity registeredlowers riskSize: total assets €2.3mFounded in 1990Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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, small): better than 42% on solvency, 21% on liquidity, 20% on profitability and 50% on growth.
The bankruptcy probability was computed on 19-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 13 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Equity above €1mequity €1.0m ▲0.6%
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen three years in a row; 2025 is 66% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,766 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,797 | €3,476 | €3,476 | €3,476 | €3,476 | €3,476 | €23,362 | €23,362 | = |
| Other operating charges640/8 | - | - | - | €3,144 | €3,221 | €3,430 | €3,514 | €3,471 | ▼ 1.2% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0 | - | - |
| Gross operating margin9900 | €27,270 | €337,108 | -€4,939 | €24,684 | €63,344 | €51,743 | €65,328 | €39,720 | ▼ 39.2% |
| Operating profit (loss)9901 | €8,935 | €328,824 | -€11,526 | €18,064 | €56,646 | €44,836 | €38,452 | €12,888 | ▼ 66.5% |
| Financial income75/76B | - | - | - | €11,464 | €17,264 | €814 | €14,040 | €21,231 | ▲ 51.2% |
| Recurring financial income75 | €717 | €741 | €781 | €11,464 | €17,264 | €814 | €14,040 | €21,231 | ▲ 51.2% |
| Financial charges65/66B | - | - | - | €21,499 | €24,564 | €23,766 | €48,782 | €31,003 | ▼ 36.4% |
| Recurring financial charges65 | €781 | €161 | €800 | €21,499 | €24,564 | €20,372 | €48,782 | €31,003 | ▼ 36.4% |
| Non-recurring financial charges66B | - | - | - | - | - | €3,394 | - | - | - |
| Profit (loss) for the period before taxes9903 | €8,872 | €329,404 | -€11,544 | €8,029 | €49,346 | €21,884 | €3,711 | €3,116 | ▼ 16.0% |
| Transfer from deferred taxes780 | - | - | - | €0 | - | - | €2,572 | €2,572 | = |
| Income taxes67/77 | €3,248 | €1 | €0 | - | - | - | €1,257 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €5,624 | €228,112 | -€10,675 | €8,029 | €49,346 | €21,884 | €5,026 | €5,688 | ▲ 13.2% |
| Transfer from tax-exempt reserves789 | - | - | - | €0 | - | - | €7,716 | €7,716 | = |
| Profit (loss) for the period to be appropriated9905 | €5,624 | -€13,028 | -€8,604 | €8,029 | €49,346 | €21,884 | €12,741 | €13,404 | ▲ 5.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.7m | €1.0m | €1.8m | €2.1m | €2.2m | €2.3m | €2.3m | €2.3m | ▼ 0.7% |
| Fixed assets21/28 | €0.7m | €1.0m | €1.5m | €1.5m | €1.5m | €1.7m | €1.6m | €1.6m | ▼ 1.4% |
| Tangible fixed assets22/27 | €0.2m | €0.05m | €0.5m | €0.5m | €0.5m | €0.7m | €0.7m | €0.7m | ▼ 3.3% |
| Land and buildings22 | - | - | - | €0.04m | €0.04m | €0.03m | €0.7m | €0.7m | ▼ 3.3% |
| Assets under construction and advance payments27 | - | - | - | €0.5m | €0.5m | €0.7m | €0 | - | - |
| Financial fixed assets28 | €0.5m | €1.0m | €1.0m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Current assets29/58 | €0.04m | €0.03m | €0.3m | €0.6m | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 0.9% |
| Amounts receivable within one year40/41 | €0.03m | €0.03m | €0.3m | €0.6m | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 0.5% |
| Trade receivables40 | - | - | - | €0.001m | €0 | - | €0.003m | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0.6m | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 0.9% |
| Cash at bank and in hand54/58 | €0.01m | €179 | €0.04m | €0.008m | €0.009m | €0.003m | €0.004m | €0.006m | ▲ 37.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €0.001m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.7m | €1.0m | €1.8m | €2.1m | €2.2m | €2.3m | €2.3m | €2.3m | ▼ 0.7% |
| Equity10/15 | €0.7m | €0.9m | €0.9m | €0.9m | €1.0m | €1.0m | €1.0m | €1.0m | ▲ 0.6% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.05m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.7m | €0.7m | ▲ 0.8% |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Tax-exempt reserves132 | - | - | - | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 3.1% |
| Distributable reserves133 | - | - | - | €0.03m | €0.03m | €0.03m | €0.4m | €0.4m | ▲ 3.1% |
| Profit (loss) carried forward14 | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0 | - | - |
| Provisions and deferred taxes16 | - | €0.1m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | ▼ 3.1% |
| Deferred taxes168 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | ▼ 3.1% |
| Amounts payable17/49 | €0.04m | €0.02m | €0.8m | €1.1m | €1.1m | €1.3m | €1.2m | €1.2m | ▼ 1.6% |
| Amounts payable after more than one year17 | €0.01m | €0.01m | €0.5m | €0.4m | €0.4m | €0.3m | €0.4m | €0.3m | ▼ 17.9% |
| Financial debts170/4 | - | - | - | €0.4m | €0.4m | €0.3m | €0.4m | €0.3m | ▼ 17.9% |
| Amounts payable within one year42/48 | €0.02m | €0.009m | €0.3m | €0.7m | €0.7m | €0.9m | €0.8m | €0.9m | ▲ 6.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.05m | €0.05m | €0.07m | €0.07m | ▲ 3.2% |
| Financial debts43 | - | - | - | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | = |
| Credit institutions430/8 | - | - | - | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | = |
| Trade debts44 | €0.001m | €300 | €0 | €73 | €0.002m | €0.2m | €0.2m | €0.2m | ▲ 2.9% |
| Suppliers440/4 | - | - | - | €73 | €0.002m | €0.2m | €0.2m | €0.2m | ▲ 2.9% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €0.001m | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | - | - | - | €0.001m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.4m | €0.4m | €0.5m | €0.5m | ▲ 10.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | €0.002m | €0.001m | €0.001m | €451 | ▼ 14.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,624 | €228,112 | -€10,675 | €8,029 | €49,346 | €21,884 | €5,026 | €5,688 | ▲ 13.2% |
| + Depreciation and write-downs630 | €12,797 | €3,476 | €3,476 | €3,476 | €3,476 | €3,476 | €23,362 | €23,362 | = |
| Operating cash flow (approximation) | €18,421 | €231,588 | -€7,199 | €11,505 | €52,822 | €25,360 | €28,387 | €29,050 | ▲ 2.3% |
| Investment in fixed assets (approximation) | - | -€322,930 | -€511,315 | €38,632 | €0 | -€199,485 | €0 | €0 | - |
| Change in cash | - | -€10,322 | €40,992 | -€33,208 | €763 | -€5,557 | €1,122 | €1,615 | ▲ 43.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 10-07-2026 | 2026-00279463 |
| 31-12-2024 | abbreviated format | 29-08-2025 | 2025-00439805 |
| 31-12-2023 | abbreviated format | 06-08-2024 | 2024-00329481 |
| 31-12-2022 | abbreviated format | 30-08-2023 | 2023-00374175 |
| 31-12-2021 | abbreviated format | 29-08-2022 | 2022-20330402 |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-60100036 |
| 31-12-2019 | abbreviated format | 20-07-2020 | 2020-32000156 |
| 31-12-2018 | abbreviated format | 16-07-2019 | 2019-33200430 |
| 31-12-2017 | abbreviated format | 28-08-2018 | 2018-52500498 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-58200052 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
1 ownerOwners 1
- Sourceaccounts RYLAR 202549.97%
According to the 2025 annual accounts of VANCOBERT and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Holdings and subsidiaries
2 holdingsHoldings 2
Source for every holding own accounts 2025
- SCI MontanaFRsubsidiaryEquity €10,000Result €29,45675%
- Equity €1.3mResult €448,84814.7%
According to the 2025 annual accounts of VANCOBERT and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
02-06
Gazette deed
Reappointments: VAN COILLIE Paul Louis Frans, VAN DESSEL Nicole Eulalia Josée and Paul Van CoillieCapital9 facts ▸
- General meeting, 08-05-2025
- Director reappointment, VAN COILLIE Paul Louis Frans (director)
- Director reappointment, VAN DESSEL Nicole Eulalia Josée (director)
- General meeting, “volledig nieuwe statuten aannemen, WVV en voorgaande besluiten” (deed in Dutch)
- Other provision, “nieuwe statuten bij uittreksel bekendgemaakt” (deed in Dutch)
- Capital, €293,850
- Board meeting, “raad van bestuur” (deed in Dutch)
- Director reappointment, Paul Van Coillie (managing director)
- Director reappointment, Paul Van Coillie (chair of the board)
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 20 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12402B0497/00P000 | Flanders | 540 m² | 1 · 540 m² | 23.0 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- VANCOBERT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Tenminste helft bestuurders binnen elke categorie aandelen aanwezig of vertegenwoordigd, meerderheid van stemmen” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of May at 11:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed