VANCOUVER
ActiveVANCOUVER has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-3.19M) and a net result of €-513k. Equity is shrinking by ~34.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 4530 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
31
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▲+5
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.6 against 0.68 in 2024; short-term debt: 167.2% and cash: 0.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-79.5%
Return on assets
-12.8%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-3.19M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
24 d late
2024
60 d late
2023
44 d late
2022
5 d early
2021
4 d early
2020
30 d late
2019
29 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-513k▲ 38.8%
2024 · €-838k
2019: €21k
2020: €-501k
2021: €1.01M
2022: €1.01M
2023: €-3.43M
2024: €-838k
2019 → 2025
Working capital
€-2.69M▼ 0.8%
2024 · €-2.67M
2019: €160k
2020: €-151k
2021: €622k
2022: €1.60M
2023: €-1.84M
2024: €-2.67M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€591k-€1.60M▲ 171%€-1.84M€-2.67M▼ 45.6%€-3.19M▼ 19.2%
Operating result€1.90M-€1.61M▼ 14.9%€-3.01M€-478k▲ 84.1%€-435k▲ 9.0%
Net result€1.01M-€1.01M▼ 0.2%€-3.43M€-838k▲ 75.6%€-513k▲ 38.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €435k in 2025 against €478k in 2024; the loss shrinks.
Key figures and ratios
Solvency
-79.5%▼
2024 · -46.6%
Current ratio
0.60▼
2024 · 0.68
Quick ratio
0.38▼
2024 · 0.52
Debt / equity
-2.26▲
2024 · -3.15
ROA
-12.8%▲
2024 · -14.6%
Debt
€7.20M▼
2024 · €8.41M
Debt ≤ 1 year
€6.70M▼
2024 · €8.41M
Debt > 1 year
€492k
Income taxes
€4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.74M€4.01M▼
Current assets29/58€5.74M€4.01M▼
Stocks and contracts in progress3€1.33M€1.47M▲
Stocks30/36€1.33M€1.47M▲
Amounts receivable within one year40/41€2.71M€1.59M▼
Trade receivables40€1.20M€1.05M▼
Other amounts receivable41€1.51M€536k▼
Cash at bank and in hand54/58€6k€3k▼
Deferred charges and accrued income490/1€1.70M€950k▼
Equity and liabilities
Total equity and liabilities10/49€5.74M€4.01M▼
Equity10/15€-2.67M€-3.19M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-2.74M€-3.26M▼
Amounts payable17/49€8.41M€7.20M▼
Amounts payable after more than one year17-€492k
Financial debts170/4-€492k
Amounts payable within one year42/48€8.41M€6.70M▼
Financial debts43€51k€0▼
Credit institutions430/8€51k€0▼
Trade debts44€4.73M€6.50M▲
Suppliers440/4€4.73M€6.50M▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€3.63M€205k▼
Income statement
Code20242025
Other operating charges640/8€184k€221k▲
Gross operating margin9900€-295k€-215k▲
Operating profit (loss)9901€-478k€-435k▲
Financial income75/76B€303k€122k▼
Recurring financial income75€303k€122k▼
Financial charges65/66B€662k€196k▼
Recurring financial charges65€662k€196k▼
Profit (loss) for the period before taxes9903€-838k€-509k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€-838k€-513k▲
Profit (loss) for the period to be appropriated9905€-838k€-513k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.74M€-3.26M▼
Profit (loss) brought forward from the previous period14P€-1.90M€-2.74M▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
06-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Permanent representative7 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Permanent representative7 facts ▸
- General meeting, 27 juli 2026
- Director appointment, MICANT (bestuurder)
- Director appointment, MICANT (gedelegeerd bestuurder)
- Permanent representative, Michaël Antonissen
- Director resignation, ANTONISSEN PROJECT MANAGEMENT (bestuurder)
- Director resignation, ANTONISSEN PROJECT MANAGEMENT (gedelegeerd bestuurder)
- Director discharge, ANTONISSEN PROJECT MANAGEMENT
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 44 days late
2023
31-12
Financial
Weakest financial yearnet €-3.43M ▼441%
Net result drops to €-3.43M, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €1MEq €1.60M ▲171%
2 profitable years in a row build equity to €1.60M.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €1.01M
Net result €1.01M after one loss-making year.
31-12
Financial
Equity above €500kEq €591k
Equity rises from €-418k to €591k.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 directors, no change since 2026
MICANT
CurrentDirector · since 27-07-2026 · Private limited company · perm. rep.: Michaël Antonissen
27-07-2026
MICANT: Appointed as Director
27-07-2026
MICANT: Appointed as Managing director
26-07-2026
ANTONISSEN PROJECT MANAGEMENT: Resigned as Director
26-07-2026
ANTONISSEN PROJECT MANAGEMENT: Resigned as Managing director
21-10-2020
BAIWIR Benoit: Resigned as Director
21-10-2020
DE COSTER Jean-Paul: Resigned as Director
21-10-2020
DE COSTER Levan: Resigned as Director
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Generaal Lemanstraat 472018 AntwerpenGround area
1,325 m²
Building footprint
1,277 m²
Volume, LiDAR
20,597 m³
Parcel 11810K0015/00M002, Flanders · tallest building 23.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
vancouver
since 20182.278.755.078
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K0015/00M002 | Flanders | 1,325 m² | 1 · 1,277 m² | 23.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
7 connected companiesNetwork connections
Shared address
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Shared address
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Shared address
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Show 3 more network connections
Shared address
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Shared address
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Shared address
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Ownership & control
1 partyControl over this companysits on this company's board1
1 subsidiary · 1 location
controls
VANCOUVERBE 0690.874.481
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,381. 2,866 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-02-2018
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68121Development of residential building projects
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.