VANDELANOTTE ++
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2024.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 145 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline22-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 09-04-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
21 d early
2023
11 d early
2022
18 d early
2021
4 d early
2020
10 d early
2019
9 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€17.01M▲ 16.5%
2023 · €14.60M
2022: €12.29M
2023: €14.60M
2022 → 2024
EBIT margin
9.2%▲ 1.2pp
2023 · 8.1%
2022: 6.3%
2023: 8.1%
2022 → 2024
Net result
€667k▲ 17.2%
2023 · €569k
2018: €406k
2019: €1.17M
2020: €1.72M
2022: €452k
2023: €569k
2018 → 2024
Working capital
€3.73M▲ 8.5%
2023 · €3.44M
2018: €1.32M
2019: €1.07M
2020: €444k
2022: €3.35M
2023: €3.44M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202220232024Trend
Turnover€12.29M€14.60M▲ 18.8%€17.01M▲ 16.5%
Equity€2.58M-€2.84M▲ 10.1%€4.80M▲ 69.0%€5.35M▲ 11.4%€5.97M▲ 11.7%
Operating result€1.58M-€2.21M▲ 39.9%€777k▼ 64.9%€1.18M▲ 51.6%€1.57M▲ 33.3%
Net result€1.17M-€1.72M▲ 47.1%€452k▼ 73.8%€569k▲ 25.9%€667k▲ 17.2%
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 33% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €18.96M
Fixed assets
€3.92M▲ 40.9%
Current assets
€15.04M▲ 74.4%
Equity and liabilities €18.96M
Equity
€5.97M▲ 11.7%
Provisions
€41k▼ 13.2%
Debt
€12.95M▲ 115%
The debt ratio rises from 52.7% to 68.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.09M▲
2023 · €1.67M
Cash flow
€1.19M▲
2023 · €1.06M
Solvency
31.5%▼
2023 · 46.9%
Current ratio
1.33▼
2023 · 1.66
Quick ratio
1.33▼
2023 · 1.66
Debt / equity
2.17▲
2023 · 1.13
ROE
11.2%▲
2023 · 10.6%
ROA
3.5%▼
2023 · 5.0%
Interest coverage
2.23▼
2023 · 5.16
Debt
€12.95M▲
2023 · €6.02M
Debt ≤ 1 year
€11.31M▲
2023 · €5.19M
Debt > 1 year
€1.63M▲
2023 · €782k
Income taxes
€326k▲
2023 · €296k
Staff costs
€4.96M▲
2023 · €4.52M
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€11.41M€18.96M▲
Fixed assets21/28€2.78M€3.92M▲
Intangible fixed assets21€866k€712k▼
Tangible fixed assets22/27€1.62M€2.90M▲
Plant, machinery and equipment23€2k€6k▲
Furniture and vehicles24€257k€290k▲
Leasing and similar rights25€88k€66k▼
Other tangible fixed assets26€1.27M€2.54M▲
Financial fixed assets28€299k€311k▲
Companies linked by participating interests282/3€171k€171k=
Participating interests282€171k€171k=
Other financial fixed assets284/8€128k€140k▲
Shares284€6k€6k=
Amounts receivable and cash guarantees285/8€122k€134k▲
Current assets29/58€8.62M€15.04M▲
Amounts receivable after more than one year29€300k€275k▼
Other amounts receivable291€300k€275k▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€5.74M€11.53M▲
Trade receivables40€2.49M€1.39M▼
Other amounts receivable41€3.25M€10.14M▲
Cash at bank and in hand54/58€2.04M€2.34M▲
Deferred charges and accrued income490/1€551k€896k▲
Equity and liabilities
Total equity and liabilities10/49€11.41M€18.96M▲
Equity10/15€5.35M€5.97M▲
Contributions10/11€464k€464k=
Reserves13€4.54M€5.51M▲
Tax-exempt reserves132€282k€263k▼
Distributable reserves133€4.26M€5.25M▲
Profit (loss) carried forward14€341k€0▼
Provisions and deferred taxes16€47k€41k▼
Provisions for liabilities and charges160/5€0-
Other liabilities and charges164/5€0-
Deferred taxes168€47k€41k▼
Amounts payable17/49€6.02M€12.95M▲
Amounts payable after more than one year17€782k€1.63M▲
Financial debts170/4€782k€1.63M▲
Leasing and similar obligations172€35k€0▼
Credit institutions173€482k€1.36M▲
Other loans174€265k€265k=
Amounts payable within one year42/48€5.19M€11.31M▲
Current portion of amounts payable after more than one year42€564k€544k▼
Financial debts43€200k€206k▲
Credit institutions430/8€200k€206k▲
Trade debts44€1.38M€1.79M▲
Suppliers440/4€1.38M€1.79M▲
Taxes, remuneration and social security45€616k€750k▲
Taxes450/3€12k€54k▲
Remuneration and social security454/9€604k€696k▲
Other amounts payable47/48€2.43M€8.02M▲
Accrued charges and deferred income492/3€46k€9k▼
Income statement
Code20232024
Operating income70/76A€17.04M€19.99M▲
Turnover70€14.60M€17.01M▲
Other operating income74€2.43M€2.99M▲
Non-recurring operating income76A€6k€590▼
Operating charges60/66A€15.86M€18.42M▲
Goods for resale, raw materials and consumables60€1.20M€1.63M▲
Purchases600/8€1.20M€1.63M▲
Services and other goods61€9.59M€11.17M▲
Remuneration, social security and pensions62€4.52M€4.96M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€491k€518k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-9k€-6k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-25k€0▲
Other operating charges640/8€69k€78k▲
Non-recurring operating charges66A€23k€73k▲
Operating profit (loss)9901€1.18M€1.57M▲
Financial income75/76B€104k€398k▲
Recurring financial income75€104k€398k▲
Income from current assets751€104k€398k▲
Other financial income752/9€320€441▲
Financial charges65/66B€424k€983k▲
Recurring financial charges65€370k€982k▲
Debt charges650€324k€936k▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€15k€-15k▼
Other financial charges652/9€31k€62k▲
Non-recurring financial charges66B€54k€372▼
Profit (loss) for the period before taxes9903€859k€987k▲
Transfer from deferred taxes780€6k€6k=
Income taxes67/77€296k€326k▲
Taxes670/3€313k€326k▲
Tax adjustments and reversals of tax provisions77€18k€0▼
Profit (loss) for the period9904€569k€667k▲
Transfer from tax-exempt reserves789€19k€19k=
Transfer to tax-exempt reserves689€23k€0▼
Profit (loss) for the period to be appropriated9905€565k€686k▲
Appropriation of the result
Profit (loss) to be appropriated9906€905k€1.03M▲
Profit (loss) brought forward from the previous period14P€341k€341k=
Transfer to equity691/2€543k€986k▲
To other reserves6921€543k€986k▲
Profit to be distributed694/7€22k€40k▲
Employees696€22k€40k▲
Social balance
Average headcount (FTE)908754.959.9▲
The notes to these accounts (115 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Equity above €5MEq €5.35M ▲11.4%
5 profitable years in a row build equity to €5.35M.
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Highest result since 2018net €1.72M ▲47.1%
Operating result €2.21M, net result €1.72M, both a record.
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
State Gazette act
General meeting · Statutes amendment
Power of attorney
13-07
State Gazette act
General meeting · Purpose change
Statutes amendment · Power of attorney
13-06
State Gazette act
General meeting · Registered-office move
Purpose change · Statutes amendment
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
19-03
State Gazette act
General meeting · Purpose change
Director resignation · Statutes amendment
08-03
State Gazette act
General meeting · Registered-office move
Director resignation · Director appointment
2017
23-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
18-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 8 entries · 26,020 EUR awarded · 26,020 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 10,043 EUR |
| 2023 | 2 | 1,394 EUR | 10,466 EUR |
| 2022 | 5 | 24,626 EUR | 5,511 EUR |
Schemes
Call groene stroom (stopgezet)
Werkbaarheidscheque (stopgezet)
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)