VANCOTECH
ActiveSummary
The computed 12-month bankruptcy probability of VANCOTECH is 1.6% (moderate). For VANCOTECH, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €19k and a net result of €8k. Equity is growing by ~62.6% per year across the filed fiscal years. Its solvency ranks better than 17% of 1253 sector peers (fiscal year 2022). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability75▲+1
Solvency37▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2022Solvency, return and age of the figures
Solvency
11.7%
Return on assets
5.1%
Age of the figures
45 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 18-12-2023, 140 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
140 d late
2021
326 d late
2020
31 d late
2019
120 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2022, micro schema
Equity
€19k▲ 76.4%
2021 · €11k
Total assets
€164k▲ 12.8%
2021 · €146k
Net result
€8k▲ 44.0%
2021 · €6k
Working capital
€14k▲ 42.5%
2021 · €10k
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
Line20182019202020212022
Operating result€117k€11k▼ 90.9%€13k▲ 24.0%
Net result€-590€112k€6k▼ 94.8%€8k▲ 44.0%
Equity€4k-€3k▼ 14.8%€5k▲ 49.8%€11k▲ 113%€19k▲ 76.4%
Total assets€4k-€4k=€138k▲ 3,356%€146k▲ 5.3%€164k▲ 12.8%
Debt€590€133k▲ 22,456%€135k▲ 1.2%€145k▲ 7.7%
Working capital€3k€242▼ 92.9%€10k▲ 4,104%€14k▲ 42.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 24% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €164k
Fixed assets
€5k ▲ 560%
Current assets
€159k ▲ 10.1%
Equity and liabilities €164k
Equity
€19k ▲ 76.4%
Debt
€145k ▲ 7.7%
Debt's share of the balance-sheet total falls from 92.5% to 88.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14k▲
2021 · €12k
Cash flow
€9k▲
2021 · €7k
Current ratio
1.10▲
2021 · 1.08
Debt to equity
7.56▼
2021 · 12.38
ROE
43.3%▼
2021 · 53.0%
ROA
5.1%▲
2021 · 4.0%
Interest coverage
44.74▲
2021 · 31.79
Debt ≤ 1 year
€145k▲
2021 · €135k
Income taxes
€5k▲
2021 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1k | €1k | €717 | ▼ 51.0% |
| Other operating charges640/8 | - | - | - | €3k | €1k | ▼ 46.1% |
| Gross operating margin9900 | - | - | €120k | €15k | €15k | ▲ 3.5% |
| Operating profit (loss)9901 | - | - | €117k | €11k | €13k | ▲ 24.0% |
| Financial income75/76B | - | - | - | €1 | €210 | ▲ 29,454% |
| Recurring financial income75 | - | - | - | €1 | €210 | ▲ 29,454% |
| Financial charges65/66B | - | - | - | €379 | €310 | ▼ 18.3% |
| Recurring financial charges65 | - | €590 | €1k | €379 | €310 | ▼ 18.3% |
| Profit (loss) for the period before taxes9903 | - | €-590 | €115k | €10k | €13k | ▲ 27.6% |
| Income taxes67/77 | - | - | €4k | €4k | €5k | ▲ 6.4% |
| Profit (loss) for the period9904 | - | €-590 | €112k | €6k | €8k | ▲ 44.0% |
| Profit (loss) for the period to be appropriated9905 | - | €-590 | €112k | €6k | €8k | ▲ 44.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4k | €4k | €138k | €146k | €164k | ▲ 12.8% |
| Fixed assets21/28 | - | - | €5k | €714 | €5k | ▲ 560% |
| Tangible fixed assets22/27 | - | - | €5k | €714 | €5k | ▲ 560% |
| Furniture and vehicles24 | - | - | - | €714 | €5k | ▲ 560% |
| Current assets29/58 | €4k | €4k | €133k | €145k | €159k | ▲ 10.1% |
| Amounts receivable within one year40/41 | - | - | €128k | €135k | €150k | ▲ 11.0% |
| Trade receivables40 | - | - | - | €19k | €13k | ▼ 30.6% |
| Other amounts receivable41 | - | - | - | €116k | €137k | ▲ 17.6% |
| Cash at bank and in hand54/58 | €4k | €4k | €4k | €10k | €10k | ▼ 1.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4k | €4k | €138k | €146k | €164k | ▲ 12.8% |
| Equity10/15 | €4k | €3k | €5k | €11k | €19k | ▲ 76.4% |
| Contributions10/11 | €6k | - | - | €6k | €6k | = |
| Reserves13 | €1k | €1k | €1k | €1k | €1k | = |
| Non-distributable reserves130/1 | - | - | - | €1k | €1k | = |
| Reserves not available under the articles1311 | - | - | - | €1k | €1k | = |
| Profit (loss) carried forward14 | €-4k | €-4k | €-2k | €3k | €12k | ▲ 247% |
| Amounts payable17/49 | - | €590 | €133k | €135k | €145k | ▲ 7.7% |
| Amounts payable within one year42/48 | - | €590 | €133k | €135k | €145k | ▲ 7.7% |
| Trade debts44 | - | - | €3k | €12k | €6k | ▼ 48.2% |
| Suppliers440/4 | - | - | - | €12k | €6k | ▼ 48.2% |
| Advances received on contracts in progress46 | - | - | - | €5k | €20k | ▲ 320% |
| Taxes, remuneration and social security45 | - | - | - | €8k | €9k | ▲ 10.0% |
| Taxes450/3 | - | - | - | €8k | €9k | ▲ 10.0% |
| Other amounts payable47/48 | - | - | - | €110k | €110k | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | €-590 | €112k | €6k | €8k | ▲ 44.0% |
| + Depreciation and write-downs630 | - | - | €1k | €1k | €717 | ▼ 51.0% |
| Operating cash flow (approximation) | - | €-590 | €113k | €7k | €9k | ▲ 24.8% |
| Investment in fixed assets (approximation) | - | - | - | €3k | €-5k | ▼ 275% |
| Change in cash | - | €0 | €472 | €5k | €-129 | ▼ 102% |
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
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 140 days late
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 326 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €112k
Net result €112k after one loss-making year.
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 120 days late
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
04-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 10 days late
2015
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Tournai · 1 establishment unit since 2012
Ground area
577 m²
Building footprint
138 m²
Volume, LiDAR
699 m³
Parcel 57060A0261/00N000, Wallonia · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VANCOTECH
since 20122.211.721.942
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57060A0261/00N000 | Wallonia | 577 m² | 1 · 138 m² | 6.5 m · 2 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.
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Of 1,226 companies in sector 33200 we hold annual accounts for 677. 375 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
Founded22-10-2007
Fiscal year end31-12
Activities, NACEBEL 2025
33200Installation of industrial machinery and equipment
33140Repair and maintenance of electrical equipment
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
43212Electrical installation work in industrial facilities
Scores and ratios are computed by Checked and are not a credit decision.