VANDELOISE - GRENIER
ActiveSummary
VANDELOISE - GRENIER has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231,403 and a net result of €11,331. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 91% of 10552 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▲+33
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 6.11 against 4.29 in 2024; short-term debt: 16.4% and cash: 14.8% of total assets), and 16.4% of the assets are financed with debt.
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Signals
Five 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.6%
Return on assets
4.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
26 d late
2023
29 d late
2022
45 d late
2021
29 d late
2020
31 d late
2019
3 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 26 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 29 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 oldest company in Walhain, Wholesale and retail trade sector
Equity
€231,403▲ 5.1%
2024 · €220,071
Total assets
€276,660▼ 3.6%
2024 · €286,897
Net result
€11,331
2024 · -€8,301
Working capital
€231,133▲ 5.2%
2024 · €219,801
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12,348€16,452▲ 33.2%€46,187▲ 181%-€8,420€9,449
Net result€18,526within the sector's middle half€17,461within the sector's middle half▼ 5.7%€35,945above the sector's middle half▲ 106%-€8,301below the sector's middle half€11,331within the sector's middle half
Equity€174,966above the sector's middle half▲ 11.8%€192,427above the sector's middle half▲ 10.0%€228,372above the sector's middle half▲ 18.7%€220,071above the sector's middle half▼ 3.6%€231,403within the sector's middle half▲ 5.1%
Total assets€241,604within the sector's middle half▲ 16.5%€267,034within the sector's middle half▲ 10.5%€338,616above the sector's middle half▲ 26.8%€286,897within the sector's middle half▼ 15.3%€276,660below the sector's middle half▼ 3.6%
Debt€66,638▲ 30.8%€74,607▲ 12.0%€110,244▲ 47.8%€66,826▼ 39.4%€45,258▼ 32.3%
Working capital€174,096above the sector's middle half▲ 12.3%€191,657above the sector's middle half▲ 10.1%€227,852above the sector's middle half▲ 18.9%€219,801above the sector's middle half▼ 3.5%€231,133within the sector's middle half▲ 5.2%
Solvency72.4%above the sector's middle half▼ 3.0pp72.1%above the sector's middle half▼ 0.4pp67.4%above the sector's middle half▼ 4.6pp76.7%above the sector's middle half▲ 9.3pp83.6%above the sector's middle half▲ 6.9pp
Current ratio3.61above the sector's middle half▼ 0.433.57above the sector's middle half▼ 0.043.07above the sector's middle half▼ 0.504.29above the sector's middle half▲ 1.226.11above the sector's middle half▲ 1.82
Return on assets (ROA)7.7%within the sector's middle half▲ 22.8pp6.5%within the sector's middle half▼ 1.1pp10.6%within the sector's middle half▲ 4.1pp-2.9%within the sector's middle half▼ 13.5pp4.1%within the sector's middle half▲ 7.0pp
Staff (FTE)1.1▼ 52.2%1▼ 9.1%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €9,449 after a loss of €8,420 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €276,660
Fixed assets
€270 =
Current assets
€276,390 ▼ 3.6%
Equity and liabilities €276,660
Equity
€231,403 ▲ 5.1%
Debt
€45,258 ▼ 32.3%
Debt's share of the balance-sheet total falls from 23.3% to 16.4%. Equity is higher and debt is lower.
Key figures and ratios
Quick ratio
5.81▲
2024 · 4.08
Debt to equity
0.20▼
2024 · 0.30
ROE
4.9%▲
2024 · -3.8%
Debt ≤ 1 year
€45,258▼
2024 · €66,826
Income taxes
€1,052
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,040 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €10,999 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €71,904 | €51,682 | €14,291 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €599 | €850 | €250 | €250 | - | - |
| Other operating charges640/8 | €3,610 | €3,628 | €4,126 | €4,628 | €6,715 | ▲ 45.1% |
| Gross operating margin9900 | €88,461 | €72,612 | €64,854 | -€3,542 | €16,163 | ▲ 556% |
| Operating profit (loss)9901 | €12,348 | €16,452 | €46,187 | -€8,420 | €9,449 | ▲ 212% |
| Financial income75/76B | €6,361 | €1,494 | €2,083 | €741 | €3,283 | ▲ 343% |
| Recurring financial income75 | €861 | €85 | €214 | €8 | €1,623 | ▲ 20,188% |
| Non-recurring financial income76B | €5,500 | €1,409 | €1,869 | €733 | €1,660 | ▲ 127% |
| Financial charges65/66B | €183 | €485 | €325 | €622 | €349 | ▼ 43.9% |
| Recurring financial charges65 | €183 | €485 | €325 | €622 | €349 | ▼ 43.9% |
| Profit (loss) for the period before taxes9903 | €18,526 | €17,461 | €47,945 | -€8,301 | €12,383 | ▲ 249% |
| Income taxes67/77 | - | - | €12,000 | - | €1,052 | - |
| Profit (loss) for the period9904 | €18,526 | €17,461 | €35,945 | -€8,301 | €11,331 | ▲ 237% |
| Profit (loss) for the period to be appropriated9905 | €18,526 | €17,461 | €35,945 | -€8,301 | €11,331 | ▲ 237% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €241,604 | €267,034 | €338,616 | €286,897 | €276,660 | ▼ 3.6% |
| Fixed assets21/28 | €870 | €770 | €520 | €270 | €270 | = |
| Tangible fixed assets22/27 | €600 | €500 | €250 | - | - | - |
| Furniture and vehicles24 | €600 | €500 | €250 | - | - | - |
| Financial fixed assets28 | €270 | €270 | €270 | €270 | €270 | = |
| Current assets29/58 | €240,734 | €266,264 | €338,096 | €286,627 | €276,390 | ▼ 3.6% |
| Stocks and contracts in progress3 | €13,882 | €11,674 | €13,311 | €13,976 | €13,395 | ▼ 4.2% |
| Stocks30/36 | €13,882 | €11,674 | €13,311 | €13,976 | €13,395 | ▼ 4.2% |
| Amounts receivable within one year40/41 | €216,751 | €236,988 | €270,527 | €235,315 | €221,959 | ▼ 5.7% |
| Trade receivables40 | €213,778 | €236,988 | €269,863 | €227,590 | €221,601 | ▼ 2.6% |
| Other amounts receivable41 | €2,973 | - | €664 | €7,725 | €358 | ▼ 95.4% |
| Cash at bank and in hand54/58 | €10,101 | €17,602 | €54,258 | €37,336 | €41,037 | ▲ 9.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €241,604 | €267,034 | €338,616 | €286,897 | €276,660 | ▼ 3.6% |
| Equity10/15 | €174,966 | €192,427 | €228,372 | €220,071 | €231,403 | ▲ 5.1% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €156,374 | €173,835 | €209,780 | €201,479 | €212,811 | ▲ 5.6% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €154,515 | €171,976 | €207,921 | €199,620 | €210,951 | ▲ 5.7% |
| Amounts payable17/49 | €66,638 | €74,607 | €110,244 | €66,826 | €45,258 | ▼ 32.3% |
| Amounts payable within one year42/48 | €66,638 | €74,607 | €110,244 | €66,826 | €45,258 | ▼ 32.3% |
| Trade debts44 | €30,249 | €14,938 | €56,391 | €18,016 | €9,447 | ▼ 47.6% |
| Suppliers440/4 | €30,249 | €14,938 | €56,391 | €18,016 | €9,447 | ▼ 47.6% |
| Taxes, remuneration and social security45 | €12,343 | €15,192 | €16,000 | €12,000 | - | - |
| Taxes450/3 | €3,088 | €4,903 | €12,000 | €12,000 | - | - |
| Remuneration and social security454/9 | €9,255 | €10,289 | €4,000 | - | - | - |
| Other amounts payable47/48 | €24,046 | €44,477 | €37,853 | €36,810 | €35,810 | ▼ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,526 | €17,461 | €35,945 | -€8,301 | €11,331 | ▲ 237% |
| + Depreciation and write-downs630 | €599 | €850 | €250 | €250 | - | - |
| Operating cash flow (approximation) | €19,125 | €18,311 | €36,195 | -€8,051 | €11,331 | ▲ 241% |
| Investment in fixed assets (approximation) | - | -€750 | €0 | €0 | €0 | - |
| Change in cash | - | €7,501 | €36,656 | -€16,922 | €3,701 | ▲ 122% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Back to profitnet €11,331
Net result €11,331 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €35,945 ▲106%
Operating result €46,187, net result €35,945, both a record.
31-12
Financial
Equity above €200,000Eq €228,372 ▲18.7%
3 profitable years in a row build equity to €228,372.
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 45 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €18,526
Net result €18,526 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€31,466
Net result drops to -€31,466, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Back to profitnet €20,978
Net result €20,978 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Walhain · 1 establishment unit since 1990
Ground area
949 m²
Building footprint
324 m²
Volume, LiDAR
1,493 m³
Parcel 25104C0050/00B000, Wallonia · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Route d'Orbais(TSL) 1, 1457 Walhain
since 19902.047.988.120
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25104C0050/00B000 | Wallonia | 949 m² | 1 · 324 m² | 6.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 10,654 companies in this sector we hold annual accounts for 5,227. 3,716 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded14-03-1990
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440076231
Also
9925:BE0440076231
Registered
26-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.