Checked.be
Active
BE 0432.295.643Private limited company (pre-2019)
VANDERCO SERVICES
Boezingepoortstraat 14 ·8900 Ieper, Belgium· 38 yrs active
Sector: Translation services
(74301)
Conclusion
VANDERCO SERVICES has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €-3k. Equity is shrinking by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 3369 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €36k |
| Net result | €-3k |
| Better than sector | 95% |
| Active | 38 yrs |
Financial profile
60
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
70
Profitability
0
Solvency
100
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1987, 38 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
70
/ 100
Healthy
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€3k
estimate, not credit advice
Score history
93
2022
62
2023
70
2024
70
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 396.58 (≥ 1.5)
+10
Quick ratio
Quick ratio 396.58 (≥ 1.0)
+5
Leverage
Debt/equity 0.00 (< 1.0)
+10
Profitability
Negatieve ROE -8%
-10
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 27-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~14.7%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 74, Other professional, scientific and technical activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 99.7% | 50.2% | |
| Net result | €-3k | €9k | |
| Equity | €36k | €43k | |
| Gross operating margin | €-3k | €27k | |
| Total assets | €36k | €99k |
€7k
-
22-25
€-3k
+46.0%
22-25
€8k
-
22-25
€36k
-14.6%
22-25
€36k
-7.5%
22-25
€36k
-7.5%
22-25
€91
-96.2%
22-25
€91
-97.3%
22-25
€91
-97.3%
22-25
396.58
+3053.7%
22-25
396.58
+3053.7%
22-25
99.7%
+8.4%
22-25
0.00
-97.1%
22-25
-8.1%
+41.6%
22-25
-8.1%
+36.7%
22-25
43.40
-
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | - | - | - | €7k |
| Net profit | €-3k | €-5k | €-19k | €7k |
| Cash flow | - | - | - | €8k |
| Staff costs | - | - | - | - |
| Income taxes | €91 | €2k | €171 | €1k |
| Dividends | - | - | - | - |
| Total assets | €36k | €42k | €46k | €65k |
| Equity | €36k | €39k | €44k | €63k |
| Debt | €91 | €3k | €2k | €2k |
| of which ≤ 1y | €91 | €3k | €2k | €2k |
| of which > 1y | - | - | - | - |
| Working capital | €36k | €39k | €44k | €63k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 396.58 | 12.57 | 22.73 | 34.95 |
| Quick ratio | 396.58 | 12.57 | 22.73 | 34.95 |
| Working capital ratio | 99.7% | 92.0% | 95.6% | 97.1% |
| Solvency | 99.7% | 92.0% | 95.6% | 97.1% |
| Debt / equity | 0.00 | 0.09 | 0.05 | 0.03 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | - | - | - | 43.40 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -8.1% | -12.8% | -41.2% | 10.6% |
| ROE | -8.1% | -13.9% | -43.1% | 10.9% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (18 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €36k | €42k | €46k | €65k |
| Current assets | 29/58 | €36k | €42k | €46k | €65k |
| Amounts receivable within one year | 40/41 | €31k | €28k | €32k | €37k |
| Cash & bank | 54/58 | €5k | €14k | €14k | €29k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €36k | €42k | €46k | €65k |
| Equity | 10/15 | €36k | €39k | €44k | €63k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €17k | €20k | €26k | €45k |
| Amounts payable | 17/49 | €91 | €3k | €2k | €2k |
| Amounts payable within one year | 42/48 | €91 | €3k | €2k | €2k |
| Income statement | |||||
| Gross operating margin | 9900 | €-3k | €-3k | €-18k | €8k |
| Operating result | 9901 | €-4k | €-4k | €-19k | €6k |
| Financial income | 75 | €1k | €1k | - | €2k |
| Financial charges | 65 | €249 | €251 | €216 | €160 |
| Result before taxes | 9903 | €-3k | €-3k | €-19k | €8k |
| Income taxes | 67/77 | €91 | €2k | €171 | €1k |
| Net result for the period | 9904 | €-3k | €-5k | €-19k | €7k |
| Result to be appropriated | 9905 | €-3k | €-5k | €-19k | €7k |
Legal Structure
| NACE primary | Translation services(74301) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 26-10-1987 |
| Status | Active |
| Postal code | 8900 |
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33011F0282/00B000 | Flanders | 219 m² | 1 · 139 m² | 16.9 m · 4 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Liquidity times 32current ratio 396.58
Current ratio from 12.57 to 396.58; short-term debt falls from €3k to €91.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 390 days late
2023
31-12
Financial
Weakest financial yearnet €-19k ▼376%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
2022
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 186 days late
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 63 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 71 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Credit advice
Company registry (CBE)
Activities
Other professional, scientific and technical activities74300Translation services7430174852
Names & trade names
| Legal nameNL | VANDERCO SERVICES |
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