VANDE
ActiveVANDE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €784k and a net result of €29k. Equity is growing by ~22.1% per year across the filed fiscal years. Its solvency ranks better than 56% of 37971 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
94
/ 100
Excellent▲ +42 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability18▲+18
Solvency98▼-2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 1.9 against 8.29 in 2023), and 36.1% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
63.9%
Return on assets
2.3%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
32 d late
2021
on the day
2020
52 d late
2019
83 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€784k▲ 0.8%
2023 · €778k
2018: €-263k
2019: €-77k
2020: €694k
2021: €853k
2022: €847k
2023: €778k
2018 → 2024
Total assets
€1.23M▲ 31.5%
2023 · €933k
2018: €1.17M
2019: €1.10M
2020: €906k
2021: €1.19M
2022: €1.02M
2023: €933k
2018 → 2024
Net result
€29k
2023 · €-69k
2018: €-447k
2019: €233k
2020: €997k
2021: €260k
2022: €-6k
2023: €-69k
2018 → 2024
Working capital
€304k▼ 43.3%
2023 · €537k
2018: €-1.02M
2019: €-770k
2020: €258k
2021: €546k
2022: €571k
2023: €537k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€694k-€853k▲ 22.8%€847k▼ 0.7%€778k▼ 8.1%€784k▲ 0.8%
Operating result€1.01M-€349k▼ 65.5%€1k▼ 99.7%€-63k€36k
Net result€997k-€260k▼ 73.9%€-6k€-69k▼ 1,031%€29k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €36k after a loss of €63k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.23M
Fixed assets
€583k▲ 80.8%
Current assets
€644k▲ 5.5%
Equity and liabilities €1.23M
Equity
€784k▲ 0.8%
Provisions
€72k▲ 43.9%
Debt
€371k▲ 254%
The debt ratio rises from 11.2% to 30.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€38k▲
2023 · €-47k
Cash flow
€31k▲
2023 · €-53k
Solvency
63.9%▼
2023 · 83.4%
Current ratio
1.90▼
2023 · 8.29
Quick ratio
1.90▼
2023 · 8.29
Debt / equity
0.47▲
2023 · 0.13
ROE
3.6%▲
2023 · -8.8%
ROA
2.3%▲
2023 · -7.4%
Interest coverage
17.47▲
2023 · -29.35
Debt
€371k▲
2023 · €105k
Debt ≤ 1 year
€340k▲
2023 · €74k
Income taxes
€6k▲
2023 · €4k
Staff costs
€35k▼
2023 · €58k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€933k€1.23M▲
Fixed assets21/28€322k€583k▲
Tangible fixed assets22/27€45k€306k▲
Land and buildings22€45k€151k▲
Plant, machinery and equipment23-€140k
Furniture and vehicles24€508€15k▲
Financial fixed assets28€277k€277k=
Current assets29/58€611k€644k▲
Amounts receivable within one year40/41€546k€600k▲
Trade receivables40€345k€391k▲
Other amounts receivable41€201k€210k▲
Current investments50/53€32k€32k=
Cash at bank and in hand54/58€9k€712▼
Deferred charges and accrued income490/1€23k€11k▼
Equity and liabilities
Total equity and liabilities10/49€933k€1.23M▲
Equity10/15€778k€784k▲
Contributions10/11€107k€107k=
Outside capital11€107k€107k=
Other1109/19€107k€107k=
Revaluation surpluses12€32k€32k=
Reserves13€320k€295k▼
Non-distributable reserves130/1€11k€11k=
Reserves not available under the articles1311€11k€11k=
Tax-exempt reserves132€309k€284k▼
Profit (loss) carried forward14€320k€351k▲
Provisions and deferred taxes16€50k€72k▲
Provisions for liabilities and charges160/5€50k€50k=
Major repairs and maintenance162€50k€50k=
Deferred taxes168-€22k
Amounts payable17/49€105k€371k▲
Amounts payable within one year42/48€74k€340k▲
Trade debts44€51k€178k▲
Suppliers440/4€51k€178k▲
Taxes, remuneration and social security45€14k€4k▼
Taxes450/3€3k€4k▲
Remuneration and social security454/9€11k€483▼
Other amounts payable47/48€8k€157k▲
Accrued charges and deferred income492/3€31k€31k=
Income statement
Code20232024
Remuneration, social security and pensions62€58k€35k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€3k▼
Other operating charges640/8€5k€8k▲
Gross operating margin9900€15k€81k▲
Operating profit (loss)9901€-63k€36k▲
Financial income75/76B€55€8▼
Recurring financial income75€55€8▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-65k€33k▲
Transfer from deferred taxes780-€742
Income taxes67/77€4k€6k▲
Profit (loss) for the period9904€-69k€29k▲
Transfer from tax-exempt reserves789-€2k
Profit (loss) for the period to be appropriated9905€-69k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€320k€351k▲
Profit (loss) brought forward from the previous period14P€389k€320k▼
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €29k
Net result €29k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 6.28
Current ratio from 2.92 to 6.28; short-term debt falls from €285k to €108k.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 52 days late
2020
31-12
Financial
Highest result since 2018net €997k ▲329%
Operating result €1.01M, net result €997k, both a record.
31-12
Financial
Liquidity times 8current ratio 2.43
Current ratio from 0.31 to 2.43; short-term debt falls from €1.12M to €180k.
31-12
Financial
Equity above €500kEq €694k
2 profitable years in a row build equity to €694k.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
31-12
Financial
Back to profitnet €233k
Net result €233k after one loss-making year.
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 63 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Brussel · 1 establishment unit since 2010
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.
Citroenbomenlaan 301020 BrusselGround area
912 m²
Building footprint
313 m²
Volume, LiDAR
3,976 m³
2 parcels, Brussels · tallest building 16.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
VANDE
since 20102.243.517.750
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464D0128/00E007 | Brussels | 476 m² | 1 · 147 m² | 16.2 m · 5 fl. |
| 21818A0003/00B074 | Brussels | 435 m² | 1 · 166 m² | 15.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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RIOAKGRONDEN
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,380. 3,407 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-01-1993
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 32 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.