Equity
-€88,944
Debts exceed assets in financial year 2025.
VANDAT
Lifetime
6 annual accounts with figures on one time axispeak €158,195 (2025)
€158,195▲ 19.4%
lowest -€52,199 (2024)
-€37,668▲ €14,531
peak €20,447 (2022)
-€88,944▼ €37,668
€124,074▲ 32.3%
Board1 name since 2019
1 directorVO Thi Lanh
Documentsfilings and deeds
27-07-20264 days before the deadline
2025micro format
Gross margin from €132,444 to €158,195Loss of €37,668Equity from -€51,277 to -€88,944Debts from €93,748 to €124,074Cash from €6,404 to €15,146
Key points
from the 2025 annual accountsLosses
-€109,391 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Turnover
≈ €280,000 estimated
The micro format states no turnover.
Debts
€124,074 353% of the balance sheet
Suppliers 1%Taxes and wages 39%Other 60%
Filings
6 annual accounts 4 late
The 2020 accounts came latest: 396 days after the end of the period.
Position in the sector
-€37,668
Lower net result than 95% of companies in personal services. Sector median €2,798 · 5,761 companies.
Checked score
53
Fair
Financially stronger than 19% of micro companies in personal services (NACE 96)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 7,626 companies (NACE 96, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.1%
01-2025: 3.1%● unchanged vs 12-2024
02-2025: 3.1%● unchanged vs 01-2025
03-2025: 3.2%▲ +0.1 percentage points vs 02-2025
04-2025: 3.3%▲ +0.1 percentage points vs 03-2025
05-2025: 3.5%▲ +0.2 percentage points vs 04-2025highest value
06-2025: 3.0%▼ -0.5 percentage points vs 05-2025
07-2025: 3.1%▲ +0.1 percentage points vs 06-2025
08-2025: 2.8%▼ -0.3 percentage points vs 07-2025
09-2025: 2.5%▼ -0.3 percentage points vs 08-2025
10-2025: 2.5%● unchanged vs 09-2025
11-2025: 2.5%● unchanged vs 10-2025
12-2025: 2.5%● unchanged vs 11-2025
01-2026: 2.5%● unchanged vs 12-2025
02-2026: 2.5%● unchanged vs 01-2026
03-2026: 2.5%● unchanged vs 02-2026
04-2026: 2.5%● unchanged vs 03-2026
05-2026: 2.4%▼ -0.1 percentage points vs 04-2026
06-2026: 2.3%▼ -0.1 percentage points vs 05-2026
07-2026: 2.4%▲ +0.1 percentage points vs 06-2026
08-2026: 1.6%▼ -0.8 percentage points vs 07-2026
09-2026: 1.6%● unchanged vs 08-2026
10-2026: 1.5%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: 1.5%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€88,944
Loss of €37,668, the second in a row (financial year 2025)
lowers risk
Size: total assets €35,130
Liquidity: current ratio 0.12, cash €15,146
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 96, micro). It does better than 11% of them on solvency, 47% on liquidity, 9% on profitability and 10% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as VANDAT has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VANDAT itself is lower: 1.5% within 12 months. It rests on far more data about VANDAT than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,008 companies, not a prediction for VANDAT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.12 (0.11 in 2024), below 1. Short-term debt is 353.2% and cash 43.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€88,944
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 27-07-2026, 4 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
4 days early
2024
27 days late
2023
30 days late
2022
on the day
2021
31 days late
2020
396 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 80 days after the deadline. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
New establishment in Brussels
Kleerkopersstraat 15-17
Registered office moved to Ans
New registered office: rue de l’Yser 406, 4430 Ans · Change of role: VO Thi Lanh, from manager to director · Director discharge: VO Thi Lanh · General meeting of 19-06-2023 · Gazette deed
New establishment in Brussels
Kleerkopersstraat 15-17
Incorporation
Founding capital of €18,600, 186 shares, €12,400 paid up · Founder: NGUYEN HUYNH Nhat Tam · Appointment: VO Thi Lanh (manager) · published on 29-03-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VANDAT Ans | €35,130 | €158,195 | -253.2% | - |
| SDA 3 Comines-Warneton | €37,446 | €123,864 | -213.4% | - |
| U&H Braine-l'Alleud | €31,346 | €138,584 | -191.4% | - |
| HELLO SUNSHINE Sint-Gillis (bij-Brussel) | €25,137 | €169,237 | -170.9% | - |
| Beauty Lounge Aartselaar Aartselaar | €33,157 | €88,610 | -5.2% | - |
| EVVABO Leuven | €44,178 | €84,021 | -62.8% | - |
| WAX & BEAUTY Ixelles | €58,776 | €210,990 | -49.9% | - |
These companies have the same main activity as VANDAT: beauty care and other beauty treatments (NACE 96220). They are comparable in size and age: total assets between €25,100 and €58,800, founded between 2016 and 2020.
Official details
Source: KBO- Status
- Active since 27-03-2019Normal situation
- Activity
- Beauty care and other beauty treatmentsNACE 96220
- Joint committee
- 314Hairdressing and beauty care · annual accounts 2024
- Establishment units
- 2.304.777.3094430 Ans, since 27-03-2019
- 2.289.004.5151000 Brussels, since 01-04-2019and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €35,130▼ 17.3%
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on VANDAT
VANDAT files the micro format. That format states no turnover. The gross margin rose from -€8,626 in 2020 to €158,195 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VANDAT
- What is the company number of VANDAT?
- The company number of VANDAT is 0723.707.201. The VAT number is the same number with BE in front: BE 0723.707.201.
- Where is VANDAT based?
- The registered office is at Rue de l'Yser 406, 4430 Ans.Company details
- What does VANDAT do?
- According to the KBO register, the main activity is beauty care and other beauty treatments (NACE 96220).
- What is the legal form of VANDAT?
- VANDAT is a private limited company (BV).
- When was VANDAT founded?
- VANDAT was founded on 27-03-2019.
- Is VANDAT still active?
- Yes, VANDAT is an active enterprise in the KBO register.
- How many employees does VANDAT have?
- VANDAT had an average of 6.4 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does VANDAT fall under?
- In its 2024 annual accounts, VANDAT states joint committee 314 (Hairdressing and beauty care).
- What is the turnover of VANDAT?
- The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €158,195 and 38 comparable companies (NACE 96). It probably lies between €210,000 and €320,000.
- Is VANDAT profitable?
- In financial year 2025, VANDAT made a loss of €37,668.
- Where can I find the annual accounts of VANDAT?
- VANDAT filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VANDAT due?
- VANDAT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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