Vandonink Machines
The computed 12-month bankruptcy probability of Vandonink Machines is 2.8% (moderate). The 2024 annual accounts show negative equity (€-79k) and a net result of €-281k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 1230 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-79k |
| Net result | €-281k |
| Staff (FTE) | 2.6 |
| Better than sector | 14% |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -8.3% | 20.3% | |
| Net result | €-281k | €25k | |
| Equity | €-79k | €142k | |
| Gross operating margin | €-16k | €215k | |
| Staff costs | €157k | €160k |
Show 11 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €-212k |
| Net profit | €-281k |
| Cash flow | €-249k |
| Staff costs | €157k |
| Income taxes | €2k |
| Dividends | - |
| Total assets | €943k |
| Equity | €-79k |
| Debt | €1.02M |
| of which ≤ 1y | €306k |
| of which > 1y | €716k |
| Working capital | €545k |
| Employees (FTE) | 2.6 |
| 2024 | |
|---|---|
| Current ratio | 2.78 |
| Quick ratio | 0.62 |
| Working capital ratio | 57.7% |
| Solvency | -8.3% |
| Debt / equity | -12.99 |
| Long-term debt ratio | -9.10 |
| Interest coverage | -5.13 |
| Gross margin | - |
| Net margin | - |
| ROA | -29.8% |
| ROE | 357.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (25 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €943k |
| Fixed assets | 21/28 | €93k |
| Intangible fixed assets | 21 | €26k |
| Tangible fixed assets | 22/27 | €67k |
| Current assets | 29/58 | €851k |
| Stocks & contracts in progress | 3 | €660k |
| Amounts receivable within one year | 40/41 | €78k |
| Cash & bank | 54/58 | €29k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €943k |
| Equity | 10/15 | €-79k |
| Contributions / capital | 10/11 | €25k |
| Reserves | 13 | €177k |
| Accumulated profits (losses) | 14 | €-281k |
| Amounts payable | 17/49 | €1.02M |
| Amounts payable after one year | 17 | €716k |
| Amounts payable within one year | 42/48 | €306k |
| Trade debts payable within one year | 44 | €54k |
| Income statement | ||
| Gross operating margin | 9900 | €-16k |
| Operating result | 9901 | €-244k |
| Financial income | 75 | €6k |
| Financial charges | 65 | €41k |
| Result before taxes | 9903 | €-279k |
| Income taxes | 67/77 | €2k |
| Net result for the period | 9904 | €-281k |
| Result to be appropriated | 9905 | €-281k |
-
Gerry VandoninkNon-statutory directorState Gazette act 24158745 (06-11-2024)Current15-10-2024 → present
2 events
- 15-10-2024 Appointed· Non-statutory director
- 15-10-2024 Appointed· Persoon belast met dagelijks bestuur
Permanent representatives (1)
-
GW Invest BVLegal entityPermanent representativeState Gazette act 24158745 (06-11-2024)Permanent representative- → 15-10-2024
Former directors (1)
-
GW Invest BVLegal entityPersoon belast met dagelijks bestuurState Gazette act 24158745 (06-11-2024)Former- → 15-10-2024
| NACE primary | Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)(47811) |
| Legal form | Private limited company(610) |
| Incorporation | 03-02-2021 |
| Status | Active |
| Postal code | 3920 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72020C1417/00W005 | Flanders | 2,143 m² | 1 · 1,076 m² | 0.0 m |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
06-11-2024 2 directors appointed, 2 resigning
- Gerry Vandonink, Niet-statutair bestuurder
- Gerry Vandonink, Persoon belast met dagelijks bestuur
- GW Invest BV, Vaste vertegenwoordiger
- GW Invest BV, Persoon belast met dagelijks bestuur
Technical details
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}| Legal nameNL | Vandonink Machines |
| AbbreviationNL | VADOMA |