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VANDAP

Active
Private limited companyfounded 200520 yrs activeHondekensmolenstraat 85, 8870 Izegem, BelgiumKBO/BCE: BE 0877.975.407
Summary

VANDAP has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8,922 and a net result of €1,049. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 22044 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisWatch ReportCompare
VANDAPActiveChecked score 82/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of pharmaceutical products
NACE 47730Warehousing and support activities for transportation NACE 52310
1 site
Size
€124,616total assets 2025
Equity
€8,922
Profit
€1,049
Turnover not published (abridged schema)
Financial health
82 Excellent Checked score 2025
Bankruptcy chance 12 m
0.4%
Structure
Accounts 1 d early0 of 1 deed read
Why 82- Equity €8,922 (7.2% of total assets)- Sector Retail trade (NACE 47)+ Founded in 2005+ Size: total assets €124,616Show the evidence

Checked score

Score 2025
82 / 100
Excellent
Probability in this band: under 0.55%
Better than 36% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 32+4
equity 7.2% of total assets
Liquidity 22+12
short-term debt 92.8% · cash 17.4%
Profitability 47+47
return on assets 0.8%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,158 companies)
Last 24 months 11-2024: 1.3% 12-2024: 1.3%● 0.0% vs 11-2024 01-2025: 1.3%● 0.0% vs 12-2024 02-2025: 1.3%▲ +0.7% vs 01-2025 03-2025: 1.3%▼ -1.5% vs 02-2025 04-2025: 1.4%▲ +8.2% vs 03-2025 05-2025: 1.4%▲ +1.8% vs 04-2025 06-2025: 1.4%▼ -1.0% vs 05-2025 07-2025: 2.1%▲ +51.9% vs 06-2025highest value 08-2025: 2.1%● 0.0% vs 07-2025highest value 09-2025: 2.1%● 0.0% vs 08-2025highest value 10-2025: 2.1%● 0.0% vs 09-2025highest value 11-2025: 2.1%● 0.0% vs 10-2025highest value 12-2025: 2.1%● 0.0% vs 11-2025highest value 01-2026: 1.0%▼ -50.7% vs 12-2025 02-2026: 1.0%● 0.0% vs 01-2026 03-2026: 1.0%● 0.0% vs 02-2026 04-2026: 1.1%▲ +1.7% vs 03-2026 05-2026: 1.0%▼ -3.3% vs 04-2026 06-2026: 1.0%▼ -4.0% vs 05-2026 07-2026: 1.0%▲ +4.8% vs 06-2026 08-2026: 0.4%▼ -64.5% vs 07-2026lowest value 09-2026: 0.4%● 0.0% vs 08-2026lowest value 10-2026: 0.4%● 0.0% vs 09-2026lowest value
  • Founded in 2005 lowers the probability for this profile
  • Size: total assets €124,616 lowers the probability for this profile
  • Equity €8,922 (7.2% of total assets) raises the probability
  • Sector Retail trade (NACE 47) raises the probability
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.98 against 0.96 in 2024; short-term debt: 92.8% and cash: 17.4% of total assets), and 92.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 24%, liquidity 20%, profitability 34%, growth against the median 65%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Founded in 2005
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: total assets €124,616
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Equity €8,922 (7.2% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Retail trade (NACE 47)
In the bankruptcy model this factor raises the probability.
KBO
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 d early
2024
42 d early
2023
65 d early
2022
98 d early
2021
131 d early
2020
65 d early
2019
59 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 66 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 28 May (4 of the last 5 filed years within 63 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Back to profitnet €1,049
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Total assets 20256 fiscal years filed €124,616 View
  • Active since 2005founded 16-12-2005 20 years View

By topic

Financials

Fiscal year
2025
Total assets
€124,616
Profit
€1,049
Solvency
7.2%
Total assets▼ 47.3%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 30-07-2026Annual accounts filed
  2. 31-12-2025Back to profit
  3. 19-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail sale of pharmaceutical productsNACE 47730
Founded
16-12-2005
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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