VANDDEL
ActiveVANDDEL has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €-36k. Equity is shrinking by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 21% of 7002 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▼-66
Solvency38▼-11
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.04 against 0.19 in 2024; short-term debt: 70.7% and cash: 2.3% of total assets), and 86.7% 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+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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.3%
Return on assets
-11.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 7002 sector peers (2025).
NBB · sector comparisonPosition among 7002 sector peers
Solvency
better than 21%
← weakest
strongest →
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 18-02-2026, 163 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
163 d early
2024
58 d early
2023
42 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, micro schema
Equity
€41k▼ 46.4%
2024 · €77k
2023: €59k
2024: €77k
2023 → 2025
Total assets
€310k▼ 3.5%
2024 · €321k
2023: €349k
2024: €321k
2023 → 2025
Net result
€-36k
2024 · €18k
2023: €11k
2024: €18k
2023 → 2025
Working capital
€-211k▼ 61.5%
2024 · €-131k
2023: €-144k
2024: €-131k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€59k-€77k▲ 29.6%€41k▼ 46.4%
Operating result€24k-€31k▲ 30.4%€-30k
Net result€11k-€18k▲ 65.9%€-36k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €30k after €31k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €310k
Fixed assets
€302k▲ 4.1%
Current assets
€8k▼ 74.8%
Equity and liabilities €310k
Equity
€41k▼ 46.4%
Debt
€269k▲ 9.9%
The debt ratio rises from 76.1% to 86.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4k▼
2024 · €61k
Cash flow
€-2k▼
2024 · €48k
Solvency
13.3%▼
2024 · 23.9%
Current ratio
0.04▼
2024 · 0.19
Quick ratio
0.04▼
2024 · 0.12
Debt / equity
6.53▲
2024 · 3.19
ROE
-86.4%▼
2024 · 22.8%
ROA
-11.5%▼
2024 · 5.5%
Interest coverage
0.70▼
2024 · 8.33
Debt
€269k▲
2024 · €245k
Debt ≤ 1 year
€219k▲
2024 · €162k
Debt > 1 year
€50k▼
2024 · €83k
Income taxes
€148▼
2024 · €6k
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€321k€310k▼
Fixed assets21/28€290k€302k▲
Tangible fixed assets22/27€290k€302k▲
Land and buildings22€289k€302k▲
Plant, machinery and equipment23€644€0▼
Furniture and vehicles24€646€0▼
Current assets29/58€31k€8k▼
Stocks and contracts in progress3€12k€0▼
Stocks30/36€12k€0▼
Amounts receivable within one year40/41€9k€0▼
Trade receivables40€9k€0▼
Cash at bank and in hand54/58€8k€7k▼
Deferred charges and accrued income490/1€2k€641▼
Equity and liabilities
Total equity and liabilities10/49€321k€310k▼
Equity10/15€77k€41k▼
Contributions10/11€2k€2k=
Reserves13€75k€75k=
Distributable reserves133€75k€75k=
Profit (loss) carried forward14-€-36k
Amounts payable17/49€245k€269k▲
Amounts payable after more than one year17€83k€50k▼
Financial debts170/4€83k€50k▼
Amounts payable within one year42/48€162k€219k▲
Current portion of amounts payable after more than one year42€35k€33k▼
Trade debts44€895€4k▲
Suppliers440/4€895€4k▲
Taxes, remuneration and social security45€4k€1,000▼
Taxes450/3€4k€1,000▼
Other amounts payable47/48€122k€181k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€34k▲
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A-€644
Gross operating margin9900€64k€7k▼
Operating profit (loss)9901€31k€-30k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€24k€-35k▼
Income taxes67/77€6k€148▼
Profit (loss) for the period9904€18k€-36k▼
Profit (loss) for the period to be appropriated9905€18k€-36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€-36k▼
Transfer to equity691/2€18k€0▼
To other reserves6921€18k€0▼
The notes to these accounts (9 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
18-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-36k ▼303%
Net result drops to €-36k, the lowest in the series.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €18k ▲65.9%
Operating result €31k, net result €18k, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · 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, Brecht · 1 establishment unit since 2008
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.
Schotensteenweg 32960 BrechtGround area
232 m²
Building footprint
456 m²
Volume, LiDAR
2,163 m³
Parcel 11333N0269/00C000, Flanders · tallest building 9.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Vandel V.O.F.
since 20082.168.848.833
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11333N0269/00C000 | Flanders | 231 m² | 1 · 456 m² | 9.5 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 600 EUR awarded · 600 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 450 EUR | 450 EUR |
| 2022 | 1 | 150 EUR | 150 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 13,422 companies in sector 73300 we hold annual accounts for 6,900. 5,394 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-02-2008
Fiscal year end31-12
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 3 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.