Turnover
≈ €130,000 estimated
The micro format states no turnover.
VANDEVAR
Lifetime
19 annual accounts with figures on one time axis, 20 filings since 2006peak €66,596 (2014)
€44,047▲ 9.1%
lowest -€43,200 (2009)
€357▼ 89.9%
peak €173,890 (2021)
€158,897▲ 0.2%
€87,888▲ 8.4%
Board6 names since 2006
2 directorsDE WAELE Kristine Simone Julia and 1 other
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Result from €3,540 to €357Cash from €29,124 to €70,116
Key points
from the 2025 annual accountsChecked score
94
Excellent
Financially stronger than 53% of micro companies in creative and performing arts (NACE 90)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 3,433 companies (NACE 90, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 1.30, cash €70,116
Sector: Arts creation and performing arts activities (NACE 90)
Size: total assets €246,785
Equity €158,897 (64.4% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 90, micro). It does better than 65% of them on solvency, 60% on liquidity, 43% on profitability and 45% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as VANDEVAR has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VANDEVAR itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for VANDEVAR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.3 (0.89 in 2024), below the usual 1.5. Short-term debt is 34.3% and cash 28.4% of total assets. 35.6% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
3 days early
2023
on the day
2022
3 days early
2021
2 days early
2020
19 days early
2019
39 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 90), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Resignations & appointments
Board meeting of 01-06-2026 · Gazette deed
Resignations: De Waele Kristine (director) and Vanbruaene Johan (director)
General meeting of 22-06-2026 · Gazette deed
Appointment: Mathijs VANBRUAENE (director)
General meeting of 10-02-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0881065846
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VANDEVAR Ardooie | €246,785 | €44,047 | 64.4% | - |
| More TV Ghent | €244,485 | €39,105 | 97.7% | - |
| WIM RICOURT Assenede | €255,969 | €42,297 | 85.3% | - |
| Herkenrodebos Hasselt | €257,894 | €50,251 | 78.6% | - |
| WISPE Antwerp | €215,515 | €56,073 | 74.3% | - |
| B.J. DELMOTTE Zoersel | €229,285 | €43,498 | 82.4% | - |
| EV-Pro Edegem | €199,979 | €50,376 | 8.1% | - |
These companies have the same main activity as VANDEVAR: performing arts by independent artists (NACE 90201). They are comparable in size and age: total assets between €200,000 and €258,000, founded between 2002 and 2009.
Official details
Source: KBO- Status
- Active since 03-05-2006Normal situation
- Activity
- Performing arts by independent artistsNACE 90201and 7 others
- Establishment unit
- 2.153.566.4828851 Ardooie, since 18-05-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 06-01-2026
Annual accounts 2025
- €246,785▲ 3.0%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on VANDEVAR
VANDEVAR files the micro format. That format states no turnover. The gross margin rose from €16,831 in 2007 to €44,047 in 2025.
The balance sheet grew most from 2008 to 2009 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VANDEVAR
- What is the company number of VANDEVAR?
- The company number of VANDEVAR is 0881.065.846. The VAT number is the same number with BE in front: BE 0881.065.846.
- Where is VANDEVAR based?
- The registered office is at Kapellestraat 53, 8851 Ardooie.Company details
- What does VANDEVAR do?
- According to the KBO register, the main activity is performing arts by independent artists (NACE 90201).
- What is the legal form of VANDEVAR?
- VANDEVAR is a private limited company (BV).
- When was VANDEVAR founded?
- VANDEVAR was founded on 03-05-2006.
- Is VANDEVAR still active?
- Yes, VANDEVAR is an active enterprise in the KBO register.
- What is the turnover of VANDEVAR?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €44,047 and 35 comparable companies (NACE 90). It probably lies between €73,000 and €200,000.Financials
- Is VANDEVAR profitable?
- In financial year 2025, VANDEVAR made a profit of €357.
- Where can I find the annual accounts of VANDEVAR?
- VANDEVAR filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VANDEVAR due?
- VANDEVAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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