Vandabo
ActiveVandabo has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €145k and a net result of €22k. Equity is growing by ~24.1% per year across the filed fiscal years. Its solvency ranks better than 37% of 7318 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
78
/ 100
Excellent▼ -11 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-15
Solvency52▼-15
Growth78=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.43 in 2024), and 68.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
31.2%
Return on assets
4.8%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-04-2026, 120 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
120 d early
2024
25 d late
2023
26 d early
2022
108 d early
2021
18 d early
2020
92 d early
2019
52 d early
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€145k▲ 18.1%
2024 · €123k
2018: €12k
2019: €19k
2020: €51k
2021: €71k
2022: €86k
2023: €101k
2024: €123k
2018 → 2025
Total assets
€466k▲ 38.1%
2024 · €337k
2018: €92k
2019: €113k
2020: €143k
2021: €233k
2022: €259k
2023: €192k
2024: €337k
2018 → 2025
Net result
€22k▼ 1.4%
2024 · €23k
2018: €72
2019: €7k
2020: €31k
2021: €21k
2022: €15k
2023: €15k
2024: €23k
2018 → 2025
Working capital
€42k▼ 54.0%
2024 · €92k
2018: €-45k
2019: €-34k
2020: €8k
2021: €14k
2022: €46k
2023: €72k
2024: €92k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€71k-€86k▲ 20.6%€101k▲ 16.9%€123k▲ 22.4%€145k▲ 18.1%
Operating result€26k-€19k▼ 25.1%€21k▲ 8.0%€33k▲ 57.8%€34k▲ 3.1%
Net result€21k-€15k▼ 28.8%€15k▼ 1.0%€23k▲ 54.9%€22k▼ 1.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 3% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €466k
Fixed assets
€103k▲ 232%
Current assets
€363k▲ 18.5%
Equity and liabilities €466k
Equity
€145k▲ 18.1%
Debt
€321k▲ 49.7%
The debt ratio rises from 63.5% to 68.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€58k▲
2024 · €46k
Cash flow
€47k▲
2024 · €35k
Solvency
31.2%▼
2024 · 36.5%
Current ratio
1.13▼
2024 · 1.43
Quick ratio
1.04▼
2024 · 1.24
Debt / equity
2.21▲
2024 · 1.74
ROE
15.3%▼
2024 · 18.3%
ROA
4.8%▼
2024 · 6.7%
Interest coverage
11.38▼
2024 · 12.27
Debt
€321k▲
2024 · €214k
Debt ≤ 1 year
€320k▲
2024 · €214k
Income taxes
€7k▲
2024 · €7k
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€337k€466k▲
Fixed assets21/28€31k€103k▲
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€30k€102k▲
Plant, machinery and equipment23€17k€84k▲
Furniture and vehicles24€13k€18k▲
Leasing and similar rights25€0-
Financial fixed assets28-€363
Current assets29/58€306k€363k▲
Stocks and contracts in progress3€40k€30k▼
Stocks30/36€40k€30k▼
Amounts receivable within one year40/41€183k€291k▲
Trade receivables40€174k€291k▲
Other amounts receivable41€9k€0▼
Cash at bank and in hand54/58€78k€36k▼
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€337k€466k▲
Equity10/15€123k€145k▲
Contributions10/11€12k€12k=
Reserves13€111k€133k▲
Distributable reserves133€111k€133k▲
Amounts payable17/49€214k€321k▲
Amounts payable within one year42/48€214k€320k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€118k€190k▲
Suppliers440/4€118k€190k▲
Advances received on contracts in progress46€37k€47k▲
Taxes, remuneration and social security45€18k€9k▼
Taxes450/3€18k€9k▼
Other amounts payable47/48€41k€74k▲
Accrued charges and deferred income492/3€16€16▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€24k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€4k€0▼
Gross operating margin9900€51k€61k▲
Operating profit (loss)9901€33k€34k▲
Financial income75/76B€21€270▲
Recurring financial income75€21€270▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€29k€29k▼
Income taxes67/77€7k€7k▲
Profit (loss) for the period9904€23k€22k▼
Profit (loss) for the period to be appropriated9905€23k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€22k▼
Transfer to equity691/2€23k€22k▼
To other reserves6921€23k€22k▼
The notes to these accounts (11 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
02-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €101k ▲16.9%
6 profitable years in a row build equity to €101k.
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €31k ▲345%
Operating result €45k, net result €31k, both a record.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Pittem · 1 establishment unit since 2017
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.
Fonteinestraat 408740 PittemGround area
1,431 m²
Building footprint
248 m²
Volume, LiDAR
1,342 m³
Parcel 37011D0200/00T000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Fonteinestraat 40, 8740 Pittem
since 20172.269.753.181
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37011D0200/00T000 | Flanders | 1,431 m² | 1 · 248 m² | 9.7 m · 2 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.
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BE 0670.597.820
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Lambrechts Sam
BE 0807.849.256
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AS Algemene Bouwwerken
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Of 29,535 companies in sector 41001 we hold annual accounts for 15,871. 12,560 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-10-2017
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
25110Manufacture of metal structures and parts of structures
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.