VANDELANOTTE

Active

Public limited companyfounded 200521 yrs activePresident Kennedypark(Kor) 1A, 8500 Kortrijk, BelgiumKBO/BCE: BE 0876.286.023

Summary

VANDELANOTTE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.5m and a net result of €4.8m. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 43% of 312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch Report Compare

VANDELANOTTEActiveChecked score 88/100

Risk analysis Report Compare

Activity

Employment placement agencies

NACE 78100Certified accountants and tax accountants NACE 69201NACE 74122

#5 employer in Kortrijk, Administrative and support services sector13 sites

Size

€55.6mturnover 2025

Staff: 291 FTE
Equity: €8.5m
Profit: €4.8m

Financial health

88 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.3%

Structure

Parent: Vandelanotte ++ · 99.2%
Holdings: 13

Accounts 38 d early10 of 63 deeds read

Why 88- Liquidity: current ratio 0.73, cash €72,946, halved- 13 establishment units+ Size: turnover €55.6m, 291 FTE, total assets €32.6m+ Founded in 2005Show the evidence

Checked score

Score 2025

88 / 100

Excellent

Probability in this band: under 0.55%

Better than 65% of its sector peers (NACE 78, large)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Average

Solvency 51-5

equity 26.0% of total assets

Liquidity 24+5

short-term debt 51.5% · cash 0.2%

Profitability 79-11

return on assets 14.8%

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (70 companies)

Last 24 months 11-2024: 0.3%lowest value 12-2024: 0.3%▲ +1.9% vs 11-2024 01-2025: 0.3%▲ +8.3% vs 12-2024 02-2025: 0.3%▲ +3.5% vs 01-2025 03-2025: 0.3%▲ +12.5% vs 02-2025 04-2025: 0.4%▲ +32.4% vs 03-2025highest value 05-2025: 0.3%▼ -34.9% vs 04-2025 06-2025: 0.3%● 0.0% vs 05-2025 07-2025: 0.3%● 0.0% vs 06-2025 08-2025: 0.3%● 0.0% vs 07-2025 09-2025: 0.3%● 0.0% vs 08-2025 10-2025: 0.3%● 0.0% vs 09-2025 11-2025: 0.3%▼ -6.6% vs 10-2025 12-2025: 0.3%▲ +1.9% vs 11-2025 01-2026: 0.3%▲ +10.6% vs 12-2025 02-2026: 0.3%▲ +3.3% vs 01-2026 03-2026: 0.3%▲ +2.2% vs 02-2026 04-2026: 0.3%▼ -7.2% vs 03-2026 05-2026: 0.3%▲ +2.4% vs 04-2026 06-2026: 0.3%● 0.0% vs 05-2026 07-2026: 0.3%● 0.0% vs 06-2026 08-2026: 0.3%● 0.0% vs 07-2026 09-2026: 0.3%● 0.0% vs 08-2026 10-2026: 0.3%● 0.0% vs 09-2026

Liquidity: current ratio 0.73, cash €72,946, halved raises the probability
Size: turnover €55.6m, 291 FTE, total assets €32.6m lowers the probability for this profile
Founded in 2005 lowers the probability for this profile
13 establishment units raises the probability

Credit up to €700,000 at 30 days acceptable

Liquidity short (current ratio 0.73 against 0.84 in 2024; short-term debt: 51.5% and cash: 0.2% of total assets), and 74% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 78, large). Better than this share of them on solvency 51%, liquidity 39%, profitability 93%, growth against the median 79%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Liquidity: current ratio 0.73, cash €72,946, halved

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Size: turnover €55.6m, 291 FTE, total assets €32.6m

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Founded in 2005

In the bankruptcy model this factor lowers the probability for this profile.

KBO

13 establishment units

In the bankruptcy model this factor raises the probability.

KBO · seat and establishments

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-03-2026, 38 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

38 d early

2024

21 d early

2023

11 d early

2022

17 d early

2021

30 d early

2020

3 d early

2019

23 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 9 April (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

30-09-2026 close04-10-2026 today30-04-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

28-07-26 RestructuringPermanent representatives: Nikolas Vandelanotte and…
28-07-26 RestructuringPermanent representatives: Nikolas Vandelanotte and…
22-05-26 Capital & shares · RestructuringMerger · Shareholding

Key points

Positive: Among the best 5% on net resultsector median €35,609 · 313 companies €4.8m View
Positive: 6 years of growth in a rowturnover 2025: €55.6m 6 years View
2 restructurings since 2026latest: merger with A&B - Vandelanotte 2 View
Controlled by Vandelanotte ++ultimately: Valurus BV 99.2% View
Positive: Always filed on timeaccounts within the deadline every year 8 years View
Flemish supportawarded 2022 - 2025 €321,759 View