Checked.be
Active
BE 0412.738.463Private limited company
Vandermo
Sint-Elooisweg 60 ·8902 Ieper, Belgium· 53 yrs active
Sector: Freight transport by road
(49410)
Conclusion
Vandermo has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €546k and a net result of €24k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 46% of 1769 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €546k |
| Net result | €24k |
| Staff (FTE) | 9.3 |
| Better than sector | 46% |
Financial profile
55
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
62
Profitability
22
Solvency
58
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1972, 53 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
62
/ 100
Healthy
Computed from 5 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
€35k
estimate, not credit advice
Score history
81
2021
54
2022
35
2023
59
2024
62
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.00 (< 1.0)
-10
Leverage
Debt/equity 1.70 (< 2.0)
+3
Profitability
ROE 4%
+3
Interest coverage
Interest coverage 7.1× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 14-04-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±1.9%/year).
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 49, Land transport and transport via pipelines · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 37.1% | 40.1% | |
| Net result | €24k | €28k | |
| Equity | €546k | €310k | |
| Gross operating margin | €870k | €465k | |
| Staff costs | €555k | €414k |
€207k
+26.5%
21-25
€24k
+963.0%
21-25
€175k
+25.4%
21-25
€1.47M
-6.5%
21-25
€546k
+4.4%
21-25
€-1k
+98.1%
21-25
9
-1.1%
21-25
€555k
+22.7%
21-25
€3k
+394.8%
21-25
€833
-
21-25
€927k
-12.0%
21-25
€455k
-4.9%
21-25
€471k
-17.9%
21-25
1.00
+17.5%
21-25
1.00
+17.5%
21-25
37.1%
+11.7%
21-25
1.70
-15.7%
21-25
4.4%
+918.1%
21-25
1.6%
+1037.4%
21-25
7.14
+1.9%
21-25
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | +26.5% | +84.8% | -57.1% | -28.4% | - |
| Net profit | +963.0% | - | - | -58.3% | - |
| Cash flow | +25.4% | +113.2% | -64.9% | -19.8% | - |
| Staff costs | +22.7% | -13.2% | +3.4% | +3.7% | - |
| Income taxes | +394.8% | +71.9% | -94.9% | -86.3% | - |
| Dividends | - | - | -100.0% | - | - |
| Total assets | -6.5% | -7.1% | +4.7% | +0.8% | - |
| Equity | +4.4% | +0.4% | -11.9% | +3.4% | - |
| Debt | -12.0% | -10.4% | +14.3% | -0.6% | - |
| of which ≤ 1y | -4.9% | -5.0% | -11.6% | +3.9% | - |
| of which > 1y | -17.9% | -14.5% | +46.4% | -4.3% | - |
| Working capital | +98.1% | +4.2% | -101.6% | - | - |
| Employees (FTE) | -1.1% | -1.1% | +6.7% | +8.5% | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.00 | 0.85 | 0.85 | 0.93 | 1.38 |
| Quick ratio | 1.00 | 0.85 | 0.85 | 0.93 | 1.38 |
| Working capital ratio | -0.1% | -4.6% | -4.5% | -2.3% | 13.0% |
| Solvency | 37.1% | 33.2% | 30.7% | 36.5% | 35.6% |
| Debt / equity | 1.70 | 2.01 | 2.26 | 1.74 | 1.81 |
| Long-term debt ratio | 0.86 | 1.10 | 1.29 | 0.77 | 0.84 |
| Interest coverage | 7.14 | 7.00 | 3.90 | 14.73 | 24.39 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 1.6% | 0.1% | -4.2% | 3.6% | 8.6% |
| ROE | 4.4% | 0.4% | -13.5% | 9.8% | 24.2% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.47M | €1.58M | €1.70M | €1.62M | €1.61M |
| Fixed assets | 21/28 | €1.02M | €1.17M | €1.27M | €1.09M | €849k |
| Intangible fixed assets | 21 | €1k | €1k | €2k | - | - |
| Tangible fixed assets | 22/27 | €1.02M | €1.17M | €1.26M | €1.09M | €848k |
| Financial fixed assets | 28 | €2k | €2k | €2k | €2k | €2k |
| Current assets | 29/58 | €453k | €405k | €427k | €531k | €757k |
| Amounts receivable within one year | 40/41 | €337k | €310k | €330k | €428k | €433k |
| Cash & bank | 54/58 | €87k | €66k | €47k | €43k | €285k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.47M | €1.58M | €1.70M | €1.62M | €1.61M |
| Equity | 10/15 | €546k | €523k | €521k | €591k | €572k |
| Contributions / capital | 10/11 | €174k | €174k | €174k | €174k | €174k |
| Reserves | 13 | €372k | €349k | €347k | €417k | €398k |
| Accumulated profits (losses) | 14 | €0 | - | €0 | - | - |
| Amounts payable | 17/49 | €927k | €1.05M | €1.18M | €1.03M | €1.03M |
| Amounts payable after one year | 17 | €471k | €573k | €670k | €458k | €478k |
| Amounts payable within one year | 42/48 | €455k | €478k | €503k | €569k | €547k |
| Trade debts payable within one year | 44 | €93k | €90k | €98k | €180k | €148k |
| Income statement | ||||||
| Gross operating margin | 9900 | €870k | €721k | €699k | €802k | €867k |
| Operating result | 9901 | €56k | €26k | €-47k | €78k | €195k |
| Financial income | 75 | €6 | €18 | €32 | €4 | €22 |
| Financial charges | 65 | €29k | €23k | €23k | €14k | €12k |
| Result before taxes | 9903 | €27k | €3k | €-70k | €64k | €183k |
| Income taxes | 67/77 | €3k | €536 | €312 | €6k | €44k |
| Net result for the period | 9904 | €24k | €2k | €-70k | €58k | €139k |
| Result to be appropriated | 9905 | €24k | €2k | €-70k | €58k | €157k |
Legal Structure
| NACE primary | Freight transport by road(49410) |
| Legal form | Private limited company(610) |
| Incorporation | 06-11-1972 |
| Status | Active |
| Postal code | 8902 |
Establishment units
Vandermo
since 19732.037.714.731
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33027B0475/00M000 | Flanders | 5,828 m² | 1 · 186 m² | 9.0 m · 2 fl. |
| 33027B0476/00M000 | Flanders | 825 m² | 1 · 170 m² | 7.4 m · 1 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
06-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-70k ▼222%
Net result drops to €-70k, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Freight transport by road49410
Names & trade names
| Legal nameNL | Vandermo |
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