VANDAPHAR
ActiveVANDAPHAR has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €114k and a net result of €47k. Equity is growing by ~72% per year across the filed fiscal years. Its solvency ranks better than 95% of 2261 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 85.84 against 3.43 in 2024), and 1.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
98.8%
Return on assets
40.8%
Age of the figures
9 mo
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
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
9 d early
2023
1 d early
2022
12 d early
2021
32 d early
2020
38 d early
2019
28 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€114k▲ 70.2%
2024 · €67k
2018: €2k
2019: €4k
2020: €9k
2021: €14k
2022: €22k
2023: €33k
2024: €67k
2018 → 2025
Total assets
€116k▲ 22.0%
2024 · €95k
2018: €260k
2019: €219k
2020: €184k
2021: €146k
2022: €113k
2023: €85k
2024: €95k
2018 → 2025
Net result
€47k▲ 38.0%
2024 · €34k
2018: €475
2019: €3k
2020: €5k
2021: €5k
2022: €7k
2023: €11k
2024: €34k
2018 → 2025
Working capital
€114k▲ 70.2%
2024 · €67k
2018: €-54k
2019: €-44k
2020: €-34k
2021: €-24k
2022: €-12k
2023: €21k
2024: €67k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€22k▲ 49.9%€33k▲ 52.4%€67k▲ 103%€114k▲ 70.2%
Operating result€8k-€9k▲ 9.3%€14k▲ 63.8%€47k▲ 229%€63k▲ 34.0%
Net result€5k-€7k▲ 33.7%€11k▲ 57.4%€34k▲ 201%€47k▲ 38.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 34% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €116k
Equity
€114k▲ 70.2%
Debt
€1k▼ 95.1%
The debt ratio falls from 29.1% to 1.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€63k▲
2024 · €62k
Cash flow
€47k▼
2024 · €49k
Solvency
98.8%▲
2024 · 70.9%
Current ratio
85.84▲
2024 · 3.43
Quick ratio
85.84▲
2024 · 3.43
Debt / equity
0.01▼
2024 · 0.41
ROE
41.2%▼
2024 · 50.8%
ROA
40.8%▲
2024 · 36.0%
Interest coverage
483.38▲
2024 · 26.23
Debt
€1k▼
2024 · €28k
Debt ≤ 1 year
€1k▼
2024 · €28k
Income taxes
€16k▲
2024 · €12k
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€95k€116k▲
Fixed assets21/28€0-
Intangible fixed assets21€0-
Current assets29/58€95k€116k▲
Amounts receivable within one year40/41€39k€101k▲
Trade receivables40€0-
Other amounts receivable41€39k€101k▲
Cash at bank and in hand54/58€56k€15k▼
Deferred charges and accrued income490/1€0€19▲
Equity and liabilities
Total equity and liabilities10/49€95k€116k▲
Equity10/15€67k€114k▲
Contributions10/11€25k€25k=
Reserves13€42k€89k▲
Distributable reserves133€42k€89k▲
Amounts payable17/49€28k€1k▼
Amounts payable within one year42/48€28k€1k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€761€623▼
Suppliers440/4€761€623▼
Taxes, remuneration and social security45€598€726▲
Taxes450/3€598€726▲
Other amounts payable47/48€26k€0▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€0▼
Other operating charges640/8€513€540▲
Gross operating margin9900€63k€64k▲
Operating profit (loss)9901€47k€63k▲
Financial income75/76B€1k€0▼
Recurring financial income75€1k€0▼
Financial charges65/66B€2k€130▼
Recurring financial charges65€2k€130▼
Profit (loss) for the period before taxes9903€46k€63k▲
Income taxes67/77€12k€16k▲
Profit (loss) for the period9904€34k€47k▲
Profit (loss) for the period to be appropriated9905€34k€47k▲
Appropriation of the result
Profit (loss) to be appropriated9906€34k€47k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€34k€47k▲
To other reserves6921€34k€47k▲
The notes to these accounts (3 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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €47k ▲38%
Operating result €63k, net result €47k, both a record.
31-12
Financial
Liquidity times 25current ratio 85.84
Current ratio from 3.43 to 85.84; short-term debt falls from €28k to €1k.
31-12
Financial
Equity above €100kEq €114k ▲70.2%
8 profitable years in a row build equity to €114k.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 3.43
Current ratio from 1.44 to 3.43; short-term debt falls from €48k to €28k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
29-12-2025
Guido Vandaele: Resigned as Director
11-10-2022
VANDAELE Guido Albert Antoon: Resigned as Director
Location & real-estate footprint
Registered office, Aalter · 1 establishment unit since 2014
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.
Brugstraat 1369880 AalterGround area
629 m²
Building footprint
161 m²
Volume, LiDAR
215 m³
Parcel 44001B0642/00P002, Flanders · tallest building 5.9 m. Linked by address, not a title deed.
1 establishment unit
Vandaphar
since 20142.230.166.392
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44001B0642/00P002 | Flanders | 629 m² | 1 · 160 m² | 5.9 m |
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.
Similar companies · same sector, comparable size
ORYX GROUP
BE 0835.298.771
Niel · Eq €114k
CDK Invest
BE 0656.657.435
Brugge · Eq €114k
MISKY
BE 0799.777.371
Leuven · Eq €114k
POLYMOD CONSULTING
BE 0800.405.297
Wavre · Eq €115k
EPOS
BE 0717.624.509
Lommel · Eq €115k
Of 24,497 companies in sector 82990 we hold annual accounts for 9,397. 7,160 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-04-2014
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
77400Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:karelvandaele20@gmail.com
Phone:051 63 30 58