VANDEN AVENNE COMMODITIES
ActiveVANDEN AVENNE COMMODITIES has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27.62M and a net result of €9.84M. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 31% of 4839 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▼-12
Solvency54▲+1
Growth54▼-15
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.7M at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.4 in 2024; short-term debt: 66.3% and cash: 10% of total assets), and 71.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
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
28.5%
Return on assets
10.2%
Age of the figures
16 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 24-12-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
32 d early
2023
38 d early
2022
43 d early
2021
29 d early
2020
19 d late
2019
46 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-05-2026 close18-09-2026 today31-12-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.41B▼ 6.4%
2024 · €1.50B
2019: €1.13B
2021: €1.08B
2022: €1.56B
2023: €1.82B
2024: €1.50B
2019 → 2025
EBIT margin
1.2%▼ 1.1pp
2024 · 2.3%
2019: 0.7%
2021: 2.7%
2022: 1.3%
2023: 1.0%
2024: 2.3%
2019 → 2025
Net result
€9.84M▼ 63.3%
2024 · €26.83M
2019: €5.59M
2021: €23.00M
2022: €16.05M
2023: €13.08M
2024: €26.83M
2019 → 2025
Working capital
€30.97M▼ 5.3%
2024 · €32.72M
2019: €28.92M
2021: €44.30M
2022: €29.62M
2023: €31.23M
2024: €32.72M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.08B-€1.56B▲ 44.9%€1.82B▲ 16.6%€1.50B▼ 17.6%€1.41B▼ 6.4%
Equity€40.23M-€27.78M▼ 30.9%€29.96M▲ 7.8%€32.78M▲ 9.4%€27.62M▼ 15.7%
Operating result€28.86M-€20.98M▼ 27.3%€18.30M▼ 12.8%€34.40M▲ 88.0%€17.02M▼ 50.5%
Net result€23.00M-€16.05M▼ 30.2%€13.08M▼ 18.5%€26.83M▲ 105%€9.84M▼ 63.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 51% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €96.89M
Fixed assets
€1.68M▼ 5.7%
Current assets
€95.21M▼ 16.4%
Equity and liabilities €96.89M
Equity
€27.62M▼ 15.7%
Provisions
€5.03M▲ 193%
Debt
€64.24M▼ 20.9%
The debt ratio falls from 70.2% to 66.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€17.30M▼
2024 · €34.63M
Cash flow
€10.12M▼
2024 · €27.06M
Solvency
28.5%▲
2024 · 28.3%
Current ratio
1.48▲
2024 · 1.40
Quick ratio
0.79▼
2024 · 0.80
Debt / equity
2.33▼
2024 · 2.48
ROE
35.6%▼
2024 · 81.8%
ROA
10.2%▼
2024 · 23.2%
Interest coverage
8.02▼
2024 · 15.24
Debt
€64.24M▼
2024 · €81.17M
Debt ≤ 1 year
€64.24M▼
2024 · €81.17M
Income taxes
€4.95M▼
2024 · €5.97M
Staff costs
€3.86M▼
2024 · €5.15M
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€115.67M€96.89M▼
Fixed assets21/28€1.78M€1.68M▼
Tangible fixed assets22/27€1.05M€923k▼
Land and buildings22€164k€164k=
Plant, machinery and equipment23€177k€123k▼
Furniture and vehicles24€711k€636k▼
Financial fixed assets28€725k€753k▲
Other financial fixed assets284/8€725k€753k▲
Shares284€724k€752k▲
Amounts receivable and cash guarantees285/8€743€743=
Current assets29/58€113.89M€95.21M▼
Stocks and contracts in progress3€48.88M€44.52M▼
Stocks30/36€48.88M€44.52M▼
Goods purchased for resale34€48.88M€44.52M▼
Amounts receivable within one year40/41€40.78M€40.98M▲
Trade receivables40€39.67M€40.92M▲
Other amounts receivable41€1.12M€53k▼
Cash at bank and in hand54/58€24.23M€9.71M▼
Equity and liabilities
Total equity and liabilities10/49€115.67M€96.89M▼
Equity10/15€32.78M€27.62M▼
Contributions10/11€7.50M€7.50M=
Capital10€7.50M€7.50M=
Issued capital100€7.50M€7.50M=
Reserves13€8.02M€8.02M=
Non-distributable reserves130/1€750k€750k=
Legal reserve130€750k€750k=
Tax-exempt reserves132€4.30M€3.10M▼
Distributable reserves133€2.97M€4.17M▲
Profit (loss) carried forward14€17.26M€12.10M▼
Provisions and deferred taxes16€1.72M€5.03M▲
Provisions for liabilities and charges160/5€1.72M€5.03M▲
Other liabilities and charges164/5€1.72M€5.03M▲
Amounts payable17/49€81.17M€64.24M▼
Amounts payable within one year42/48€81.17M€64.24M▼
Trade debts44€52.77M€34.74M▼
Suppliers440/4€52.77M€34.74M▼
Taxes, remuneration and social security45€2.21M€3.53M▲
Taxes450/3€2.09M€3.41M▲
Remuneration and social security454/9€114k€120k▲
Other amounts payable47/48€26.19M€25.97M▼
Income statement
Code20242025
Operating income70/76A€1.50B€1.41B▼
Turnover70€1.50B€1.41B▼
Other operating income74€105k€92k▼
Non-recurring operating income76A€91k€22k▼
Operating charges60/66A€1.47B€1.39B▼
Goods for resale, raw materials and consumables60€1.42B€1.34B▼
Purchases600/8€1.41B€1.34B▼
Change in stocks: decrease (increase)609€10.89M€4.36M▼
Services and other goods61€40.07M€43.77M▲
Remuneration, social security and pensions62€5.15M€3.86M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€234k€281k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€2.20M€38k▼
Other operating charges640/8€28k€29k▲
Operating profit (loss)9901€34.40M€17.02M▼
Financial income75/76B€943k€233k▼
Recurring financial income75€943k€233k▼
Income from current assets751€875k€205k▼
Other financial income752/9€67k€28k▼
Financial charges65/66B€2.55M€2.46M▼
Recurring financial charges65€2.55M€2.46M▼
Debt charges650€2.27M€2.16M▼
Other financial charges652/9€279k€307k▲
Profit (loss) for the period before taxes9903€32.79M€14.79M▼
Income taxes67/77€5.97M€4.95M▼
Taxes670/3€5.97M€4.95M▼
Tax adjustments and reversals of tax provisions77€5k-
Profit (loss) for the period9904€26.83M€9.84M▼
Transfer from tax-exempt reserves789€392k€1.20M▲
Transfer to tax-exempt reserves689€863k-
Profit (loss) for the period to be appropriated9905€26.35M€11.04M▼
Appropriation of the result
Profit (loss) to be appropriated9906€41.66M€28.30M▼
Profit (loss) brought forward from the previous period14P€15.30M€17.26M▲
Transfer to equity691/2€392k€1.20M▲
To other reserves6921€392k€1.20M▲
Profit to be distributed694/7€24.00M€15.00M▼
Return on contributions (dividend)694€24.00M€15.00M▼
Social balance
Average headcount (FTE)908722.924.1▲
The notes to these accounts (51 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
2025
24-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-05
Financial
Highest result since 2019net €26.83M ▲105%
Operating result €34.40M, net result €26.83M, both a record.
2023
23-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
18-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
02-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
19-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 19 days late
2019
15-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
09-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2019
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
22-08-2019
Bernadette Van Den Avenne: Resigned as Director
22-08-2019
Karman: Resigned as Director
22-08-2019
XIMA: Resigned as Director
30-06-2015
OPHIR: Resigned as Director
25-03-2014
OPHIR: Resigned as Director
25-03-2014
XIMA: Resigned as Director
Location & real-estate footprint
Registered office, Kortrijk · 2 establishment units since 1965
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.
Engelse Wandeling(Kor) 2-F03V8500 KortrijkGround area
6.1 ha
Building footprint
4,609 m²
Volume, LiDAR
56,284 m³
2 parcels, Flanders · tallest building 45.4 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
VANDEN AVENNE
since 19652.000.336.869
Vanden Avenne Commodities
since 20142.227.196.214
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0660/00Y002 ProtectedMonumentDakpannenfabriek De Pottelberg: stoommachines, stoomketelfronten, pannenpers en deel kleispoorlijnSource ↗ |
Flanders | 5.3 ha | 1 · 2,087 m² | 8.4 m · 2 fl. |
| 36008A0035/00T002 | Flanders | 8,380 m² | 1 · 2,522 m² | 45.4 m · 3 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Connections & network
3 connected companiesNetwork connections
Shared address
→
Shared address
→
Shared address
→
Group per the LEI register
1 parent companyParent company:GROEP VANDEN AVENNE COMMODITIES
Recognitions · licences · registrations
Food safety, FASFC
2 sitesKortrijk2.227.196.214
Izegem2.000.336.869
Legal Entity Identifier
529900P9QAYSJ7MBZ860
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SOCIETE COOPERATIVE AGRICOLE DE LA MEUSE
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ARGOS
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AGRIFIRM BELGIUM
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Of 689 companies in sector 46216 we hold annual accounts for 476. 94 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-05
Activities, NACEBEL
10910Manufacture of food products
46216Wholesale of agricultural produce and animal feed, general range
46110Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 56 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.
Contact details
1 entryPhone:056238511