VANDACO
ActiveVANDACO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €602k and a net result of €50k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 35% of 4844 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+10
Solvency57▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.33 in 2024; short-term debt: 63.4% and cash: 2.6% of total assets), and 68.4% of the assets are financed with debt.
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 · 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
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
31.6%
Return on assets
2.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
1 d early
2023
96 d early
2022
on the day
2021
5 d late
2020
2 d early
2019
41 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
19-09-2026 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
€50k▲ 263%
2024 · €14k
2018: €11k
2019: €31k
2020: €2k
2021: €14k
2022: €14k
2023: €29k
2024: €14k
2018 → 2025
Working capital
€417k▲ 14.6%
2024 · €364k
2018: €363k
2019: €368k
2020: €298k
2021: €280k
2022: €274k
2023: €319k
2024: €364k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€494k-€508k▲ 2.8%€537k▲ 5.8%€551k▲ 2.6%€602k▲ 9.2%
Operating result€23k-€35k▲ 50.1%€46k▲ 30.9%€28k▼ 40.0%€83k▲ 200%
Net result€14k-€14k▼ 2.2%€29k▲ 114%€14k▼ 52.8%€50k▲ 263%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 200% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.90M
Fixed assets
€279k▲ 27.1%
Current assets
€1.63M▲ 11.3%
Equity and liabilities €1.90M
Equity
€602k▲ 9.2%
Debt
€1.30M▲ 15.4%
The debt ratio rises from 67.2% to 68.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€143k▲
2024 · €82k
Cash flow
€110k▲
2024 · €68k
Solvency
31.6%▼
2024 · 32.8%
Current ratio
1.35▲
2024 · 1.33
Quick ratio
1.09▲
2024 · 1.06
Debt / equity
2.16▲
2024 · 2.05
ROE
8.4%▲
2024 · 2.5%
ROA
2.7%▲
2024 · 0.8%
Interest coverage
5.25▲
2024 · 4.29
Debt
€1.30M▲
2024 · €1.13M
Debt ≤ 1 year
€1.21M▲
2024 · €1.10M
Debt > 1 year
€94k▲
2024 · €32k
Income taxes
€19k▲
2024 · €5k
Staff costs
€559k▲
2024 · €513k
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€1.68M€1.90M▲
Fixed assets21/28€219k€279k▲
Tangible fixed assets22/27€208k€267k▲
Land and buildings22€31k€30k▼
Plant, machinery and equipment23€111k€63k▼
Furniture and vehicles24€5k€4k▼
Leasing and similar rights25€37k€150k▲
Other tangible fixed assets26€25k€22k▼
Financial fixed assets28€11k€11k=
Current assets29/58€1.46M€1.63M▲
Amounts receivable after more than one year29€340k€340k=
Other amounts receivable291€340k€340k=
Stocks and contracts in progress3€297k€308k▲
Stocks30/36€297k€308k▲
Amounts receivable within one year40/41€745k€924k▲
Trade receivables40€431k€586k▲
Other amounts receivable41€314k€338k▲
Cash at bank and in hand54/58€73k€50k▼
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.68M€1.90M▲
Equity10/15€551k€602k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€490k€540k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€483k€534k▲
Amounts payable17/49€1.13M€1.30M▲
Amounts payable after more than one year17€32k€94k▲
Financial debts170/4€32k€94k▲
Amounts payable within one year42/48€1.10M€1.21M▲
Current portion of amounts payable after more than one year42€27k€38k▲
Financial debts43€260k€267k▲
Credit institutions430/8€260k€267k▲
Trade debts44€663k€732k▲
Suppliers440/4€663k€732k▲
Advances received on contracts in progress46-€41k
Taxes, remuneration and social security45€144k€130k▼
Taxes450/3€74k€37k▼
Remuneration and social security454/9€70k€93k▲
Other amounts payable47/48€2k€475▼
Income statement
Code20242025
Remuneration, social security and pensions62€513k€559k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€59k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€0▼
Other operating charges640/8€7k€8k▲
Gross operating margin9900€604k€710k▲
Operating profit (loss)9901€28k€83k▲
Financial income75/76B€10k€13k▲
Recurring financial income75€10k€13k▲
Financial charges65/66B€19k€27k▲
Recurring financial charges65€19k€27k▲
Profit (loss) for the period before taxes9903€19k€69k▲
Income taxes67/77€5k€19k▲
Profit (loss) for the period9904€14k€50k▲
Profit (loss) for the period to be appropriated9905€14k€50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€50k▲
Transfer to equity691/2€14k€50k▲
To other reserves6921€14k€50k▲
Social balance
Average headcount (FTE)90877.47.1▼
The notes to these accounts (20 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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 11 days late
2025
31-12
Financial
Highest result since 2018net €50k ▲263%
Operating result €83k, net result €50k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €500kEq €508k ▲2.8%
5 profitable years in a row build equity to €508k.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 5 days late
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Weakest financial yearnet €2k ▼94.8%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
20-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Ciney · 1 establishment unit since 1995
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.
Rue du Fisine 115590 CineyGround area
1.0 ha
Building footprint
523 m²
Parcel 91001C0088/00M000, Wallonia. Linked by address, not a title deed.
1 establishment unit
VANDACO
since 19952.072.047.781
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91001C0088/00M000 | Wallonia | 1.0 ha | 1 · 523 m² | - |
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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JOSEPH GOFFINET
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AVS AGRI
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Puurs-Sint-Amands · Eq €593k
Of 806 companies in sector 46610 we hold annual accounts for 566. 467 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-05-1995
Fiscal year end31-12
Activities, NACEBEL
28300Manufacture of machinery and equipment not elsewhere classified
29321
46610Wholesale trade
51880
29322
33120Repair and maintenance of machinery
47761Retail sale of flowers, plants, seeds and fertilisers
52483
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.