Summary
VANDERSCHOOT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €270,496 and a net result of €14,615. Equity is growing by about 4.9% per year across the filed financial years. Its solvency ranks better than 51% of 9,723 sector peers (NACE 64, financial year 2025). The company has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€270,496▲ 5.7%
2024 · €255,881
Net result
€14,615▲ 18.5%
2024 · €12,333
Total assets
€517,191▼ 2.5%
2024 · €530,227
Solvency
52.3%▲ 4.0pp
2024 · 48.3%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has risen four years in a row; 2025 is 24% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€38,639
2025
Net result€14,615
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€517,191
2025
Equity€270,496
2025
Debt€216,809
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€116,435
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)2.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency52.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.08
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€2,996-€4,358€11,960▲ 174%€14,577▲ 21.9%€24,784▲ 70.0%€31,175▲ 25.8%€38,639▲ 23.9%
Net result-€8,808--€3,189below the sector's middle half▲ 63.8%€2,875below the sector's middle half€4,734within the sector's middle half▲ 64.6%€11,978within the sector's middle half▲ 153%€12,333within the sector's middle half▲ 3.0%€14,615within the sector's middle half▲ 18.5%
Equity€214,363-€211,174within the sector's middle half▼ 1.5%€214,050within the sector's middle half▲ 1.4%€218,783within the sector's middle half▲ 2.2%€243,548within the sector's middle half▲ 11.3%€255,881within the sector's middle half▲ 5.1%€270,496within the sector's middle half▲ 5.7%
Total assets€633,762-€610,475within the sector's middle half▼ 3.7%€594,001within the sector's middle half▼ 2.7%€573,109within the sector's middle half▼ 3.5%€546,411within the sector's middle half▼ 4.7%€530,227within the sector's middle half▼ 3.0%€517,191within the sector's middle half▼ 2.5%
Debt€360,731-€344,743▼ 4.4%€328,688▼ 4.7%€305,973▼ 6.9%€269,192▼ 12.0%€242,567▼ 9.9%€216,809▼ 10.6%
Working capital-€105,614--€114,995below the sector's middle half▼ 8.9%-€107,660below the sector's middle half▲ 6.4%-€118,233below the sector's middle half▼ 9.8%-€115,107below the sector's middle half▲ 2.6%-€116,062below the sector's middle half▼ 0.8%-€116,435below the sector's middle half▼ 0.3%
Solvency33.8%-34.6%within the sector's middle half▲ 0.8pp36.0%within the sector's middle half▲ 1.4pp38.2%within the sector's middle half▲ 2.1pp44.6%within the sector's middle half▲ 6.4pp48.3%within the sector's middle half▲ 3.7pp52.3%within the sector's middle half▲ 4.0pp
Current ratio0.00-0.06below the sector's middle half▲ 0.060.10below the sector's middle half▲ 0.040.09below the sector's middle half▼ 0.010.05below the sector's middle half▼ 0.050.05below the sector's middle half=0.08below the sector's middle half▲ 0.03
Return on assets (ROA)-1.4%--0.5%below the sector's middle half▲ 0.9pp0.5%below the sector's middle half▲ 1.0pp0.8%below the sector's middle half▲ 0.3pp2.2%within the sector's middle half▲ 1.4pp2.3%within the sector's middle half▲ 0.1pp2.8%within the sector's middle half▲ 0.5pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €517,191
Fixed assets
€507,357 ▼ 3.1%
Current assets
€9,834 ▲ 51.9%
Equity and liabilities €517,191
Equity
€270,496 ▲ 5.7%
Provisions
€29,886 ▼ 6.0%
Debt
€216,809 ▼ 10.6%
Debt's share of the balance-sheet total falls from 45.7% to 41.9%. Equity is higher and debt is lower.
Key figures and ratios
ROE
5.4%▲
2024 · 4.8%
Debt ≤ 1 year
€126,269▲
2024 · €122,535
Debt > 1 year
€90,540▼
2024 · €120,005
Income taxes
€13,699▲
2024 · €9,484
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,773 | €30,095 | €22,966 | €22,322 | €20,340 | €16,677 | €16,397 | ▼ 1.7% |
| Other operating charges640/8 | - | - | - | €1,746 | €2,551 | €2,625 | €2,681 | ▲ 2.1% |
| Gross operating margin9900 | €31,513 | €35,920 | €36,655 | €38,645 | €47,675 | €50,477 | €57,716 | ▲ 14.3% |
| Operating profit (loss)9901 | -€2,996 | €4,358 | €11,960 | €14,577 | €24,784 | €31,175 | €38,639 | ▲ 23.9% |
| Financial income75/76B | - | - | - | €5 | €177 | €0 | €0 | - |
| Recurring financial income75 | - | €0 | €5 | €5 | €177 | €0 | €0 | - |
| Financial charges65/66B | - | - | - | €6,483 | €6,194 | €11,250 | €12,216 | ▲ 8.6% |
| Recurring financial charges65 | €7,553 | €8,258 | €7,220 | €6,483 | €6,194 | €11,250 | €12,216 | ▲ 8.6% |
| Profit (loss) for the period before taxes9903 | -€10,549 | -€3,900 | €4,745 | €8,099 | €18,768 | €19,924 | €26,422 | ▲ 32.6% |
| Transfer from deferred taxes780 | - | - | - | €2,911 | €1,894 | €1,892 | €1,892 | = |
| Income taxes67/77 | €2,578 | €3,399 | €5,164 | €6,276 | €8,684 | €9,484 | €13,699 | ▲ 44.4% |
| Profit (loss) for the period9904 | -€8,808 | -€3,189 | €2,875 | €4,734 | €11,978 | €12,333 | €14,615 | ▲ 18.5% |
| Transfer from tax-exempt reserves789 | - | - | - | €5,651 | €5,682 | €5,677 | €5,677 | = |
| Profit (loss) for the period to be appropriated9905 | -€421 | €4,788 | €9,270 | €10,385 | €17,660 | €18,010 | €20,292 | ▲ 12.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €633,762 | €610,475 | €594,001 | €573,109 | €546,411 | €530,227 | €517,191 | ▼ 2.5% |
| Fixed assets21/28 | €633,382 | €603,287 | €582,024 | €560,770 | €540,431 | €523,754 | €507,357 | ▼ 3.1% |
| Tangible fixed assets22/27 | €633,382 | €603,287 | €582,024 | €560,770 | €540,431 | €523,754 | €507,357 | ▼ 3.1% |
| Land and buildings22 | - | - | - | €554,909 | €538,774 | €522,638 | €506,503 | ▼ 3.1% |
| Plant, machinery and equipment23 | - | - | - | €1,773 | €1,345 | €1,040 | €854 | ▼ 17.9% |
| Furniture and vehicles24 | - | - | - | €4,088 | €312 | €75 | €0 | ▼ 100% |
| Current assets29/58 | €379 | €7,188 | €11,977 | €12,338 | €5,981 | €6,473 | €9,834 | ▲ 51.9% |
| Amounts receivable within one year40/41 | €334 | €5,809 | €11,079 | €11,454 | €4,114 | €5,303 | €7,272 | ▲ 37.1% |
| Trade receivables40 | - | - | - | €10,034 | €4,114 | €5,303 | €7,272 | ▲ 37.1% |
| Other amounts receivable41 | - | - | - | €1,420 | - | - | - | - |
| Cash at bank and in hand54/58 | €45 | €45 | €45 | €0 | - | €95 | €471 | ▲ 396% |
| Deferred charges and accrued income490/1 | - | - | - | €885 | €1,867 | €1,076 | €2,091 | ▲ 94.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €633,762 | €610,475 | €594,001 | €573,109 | €546,411 | €530,227 | €517,191 | ▼ 2.5% |
| Equity10/15 | €214,363 | €211,174 | €214,050 | €218,783 | €243,548 | €255,881 | €270,496 | ▲ 5.7% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €195,763 | €192,574 | €195,450 | €200,183 | €224,948 | €237,281 | €251,896 | ▲ 6.2% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | - | - | €93,911 | €101,016 | €95,339 | €89,662 | ▼ 6.0% |
| Distributable reserves133 | - | - | - | €104,412 | €122,072 | €141,942 | €162,234 | ▲ 14.3% |
| Profit (loss) carried forward14 | - | €9,330 | - | - | - | - | - | - |
| Provisions and deferred taxes16 | €58,668 | €54,558 | €51,263 | €48,352 | €33,671 | €31,779 | €29,886 | ▼ 6.0% |
| Deferred taxes168 | - | - | - | €48,352 | €33,671 | €31,779 | €29,886 | ▼ 6.0% |
| Amounts payable17/49 | €360,731 | €344,743 | €328,688 | €305,973 | €269,192 | €242,567 | €216,809 | ▼ 10.6% |
| Amounts payable after more than one year17 | €254,738 | €222,559 | €207,551 | €175,401 | €148,038 | €120,005 | €90,540 | ▼ 24.6% |
| Financial debts170/4 | - | - | - | €175,401 | €148,038 | €120,005 | €90,540 | ▼ 24.6% |
| Amounts payable within one year42/48 | €105,993 | €122,183 | €119,637 | €130,572 | €121,087 | €122,535 | €126,269 | ▲ 3.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €32,149 | €27,364 | €28,033 | €29,465 | ▲ 5.1% |
| Financial debts43 | - | - | - | €4,186 | €5,010 | €0 | - | - |
| Credit institutions430/8 | - | - | - | €4,186 | €5,010 | €0 | - | - |
| Trade debts44 | €575 | €3,526 | €6,474 | €7,558 | €15,794 | €8,601 | €6,638 | ▼ 22.8% |
| Suppliers440/4 | - | - | - | €7,558 | €15,794 | €8,601 | €6,638 | ▼ 22.8% |
| Advances received on contracts in progress46 | - | - | - | €5,955 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €13,503 | €10,841 | €19,293 | €23,742 | ▲ 23.1% |
| Taxes450/3 | - | - | - | €13,503 | €10,841 | €17,493 | €21,942 | ▲ 25.4% |
| Remuneration and social security454/9 | - | - | - | - | - | €1,800 | €1,800 | = |
| Other amounts payable47/48 | - | - | - | €67,221 | €62,079 | €66,609 | €66,424 | ▼ 0.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | €67 | €27 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,808 | -€3,189 | €2,875 | €4,734 | €11,978 | €12,333 | €14,615 | ▲ 18.5% |
| + Depreciation and write-downs630 | €31,773 | €30,095 | €22,966 | €22,322 | €20,340 | €16,677 | €16,397 | ▼ 1.7% |
| Operating cash flow (approximation) | €22,965 | €26,906 | €25,841 | €27,056 | €32,317 | €29,010 | €31,012 | ▲ 6.9% |
| Investment in fixed assets (approximation) | - | €0 | -€1,703 | -€1,069 | €0 | €0 | €0 | - |
| Change in cash | - | €0 | €0 | -€45 | - | - | €376 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2025 | micro format | 29-10-2025 | 2025-00552602 |
| 31-03-2024 | micro format | 25-10-2024 | 2024-00518265 |
| 31-03-2023 | micro format | 29-09-2023 | 2023-00461663 |
| 31-03-2022 | micro format | 03-11-2022 | 2022-20486049 |
| 31-03-2021 | micro format | 29-10-2021 | 2021-75100374 |
| 31-03-2020 | micro format | 30-11-2020 | 2020-73400349 |
| 31-03-2019 | micro format | 31-10-2019 | 2019-72500025 |
| 31-03-2018 | micro format | 11-09-2018 | 2018-62600314 |
| 31-03-2017 | micro format | 20-09-2017 | 2017-61600427 |
| 31-03-2016 | abbreviated format | 25-10-2016 | 2016-66300341 |
Similar companies · same sector, comparable size
PHINOTES
BE 0795.331.011
Merelbeke-Melle · equity €270,515
Drak Invest International
BE 0802.486.542
Antwerpen · equity €270,457
IMMO TEE PEE
BE 0889.311.143
Beerse · equity €270,550
Renaud Servais
BE 0753.849.950
Sprimont · equity €270,579
PAREADIS
BE 0663.838.603
Dentergem · equity €270,395
Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,974. 13,853 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.