VANDOTEC
ActiveVANDOTEC has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.89M and a net result of €1.28M. Equity is growing by ~31% per year across the filed fiscal years. Its solvency ranks better than 59% of 399 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▼-4
Solvency72▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity ample (current ratio 1.79 against 1.59 in 2024; short-term debt: 47.4% and cash: 5.7% of total assets), but 52.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.5%
Return on assets
21.1%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
2 d early
2022
1 d early
2021
1 d late
2020
3 d early
2019
9 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.89M▲ 31.0%
2024 · €2.20M
2019: €695k
2020: €696k
2021: €854k
2022: €946k
2023: €1.54M
2024: €2.20M
2019 → 2025
Total assets
€6.08M▲ 15.2%
2024 · €5.28M
2019: €1.96M
2020: €2.26M
2021: €2.80M
2022: €3.69M
2023: €4.84M
2024: €5.28M
2019 → 2025
Net result
€1.28M▲ 1.3%
2024 · €1.27M
2019: €339k
2020: €447k
2021: €317k
2022: €235k
2023: €1.18M
2024: €1.27M
2019 → 2025
Working capital
€2.29M▲ 31.6%
2024 · €1.74M
2019: €572k
2020: €356k
2021: €493k
2022: €523k
2023: €1.22M
2024: €1.74M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€854k-€946k▲ 10.7%€1.54M▲ 62.5%€2.20M▲ 43.3%€2.89M▲ 31.0%
Operating result€382k-€303k▼ 20.5%€1.48M▲ 388%€1.61M▲ 8.5%€1.61M▲ 0.2%
Net result€317k-€235k▼ 25.9%€1.18M▲ 404%€1.27M▲ 7.0%€1.28M▲ 1.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 0% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.08M
Fixed assets
€905k▲ 61.6%
Current assets
€5.18M▲ 9.7%
Equity and liabilities €6.08M
Equity
€2.89M▲ 31.0%
Debt
€3.20M▲ 3.9%
The debt ratio falls from 58.3% to 52.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.83M▲
2024 · €1.82M
Cash flow
€1.50M▲
2024 · €1.48M
Solvency
47.5%▲
2024 · 41.7%
Current ratio
1.79▲
2024 · 1.59
Quick ratio
1.29▲
2024 · 1.16
Debt / equity
1.11▼
2024 · 1.40
ROE
44.4%▼
2024 · 57.5%
ROA
21.1%▼
2024 · 24.0%
Interest coverage
46.93▼
2024 · 53.09
Debt
€3.20M▲
2024 · €3.08M
Debt ≤ 1 year
€2.89M▼
2024 · €2.98M
Debt > 1 year
€305k▲
2024 · €98k
Income taxes
€309k=
2024 · €308k
Staff costs
€2.02M▲
2024 · €1.83M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.28M€6.08M▲
Fixed assets21/28€560k€905k▲
Intangible fixed assets21€33k€16k▼
Tangible fixed assets22/27€527k€869k▲
Plant, machinery and equipment23€210k€223k▲
Furniture and vehicles24€317k€646k▲
Leasing and similar rights25€0-
Financial fixed assets28€310€20k▲
Current assets29/58€4.72M€5.18M▲
Stocks and contracts in progress3€1.27M€1.46M▲
Stocks30/36€1.27M€1.46M▲
Amounts receivable within one year40/41€2.89M€3.37M▲
Trade receivables40€2.89M€3.33M▲
Other amounts receivable41€3k€38k▲
Cash at bank and in hand54/58€556k€349k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€5.28M€6.08M▲
Equity10/15€2.20M€2.89M▲
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€2.14M€2.82M▲
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Tax-exempt reserves132€548k€750k▲
Distributable reserves133€1.58M€2.07M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€3.08M€3.20M▲
Amounts payable after more than one year17€98k€305k▲
Financial debts170/4€98k€305k▲
Amounts payable within one year42/48€2.98M€2.89M▼
Current portion of amounts payable after more than one year42€305k€163k▼
Financial debts43-€5k
Credit institutions430/8-€5k
Trade debts44€1.24M€1.53M▲
Suppliers440/4€1.24M€1.53M▲
Advances received on contracts in progress46€516k€210k▼
Taxes, remuneration and social security45€320k€374k▲
Taxes450/3€54k€31k▼
Remuneration and social security454/9€266k€342k▲
Other amounts payable47/48€600k€600k=
Accrued charges and deferred income492/3€258€6k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.83M€2.02M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€217k€218k▲
Other operating charges640/8€18k€26k▲
Non-recurring operating charges66A€0€11k▲
Gross operating margin9900€3.67M€3.88M▲
Operating profit (loss)9901€1.61M€1.61M▲
Financial income75/76B€3k€21k▲
Recurring financial income75€3k€21k▲
Financial charges65/66B€34k€39k▲
Recurring financial charges65€34k€39k▲
Profit (loss) for the period before taxes9903€1.57M€1.59M▲
Income taxes67/77€308k€309k=
Profit (loss) for the period9904€1.27M€1.28M▲
Transfer from tax-exempt reserves789-€114k
Transfer to tax-exempt reserves689€316k€316k=
Profit (loss) for the period to be appropriated9905€951k€1.08M▲
Appropriation of the result
Profit (loss) to be appropriated9906€951k€1.08M▲
Transfer to equity691/2€351k€481k▲
To other reserves6921€351k€481k▲
Profit to be distributed694/7€600k€600k=
Return on contributions (dividend)694€240k€240k=
Directors or managers695€360k€360k=
Social balance
Average headcount (FTE)908725.826.7▲
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €1.28M ▲1.3%
Operating result €1.61M, net result €1.28M, both a record.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Equity above €2MEq €2.20M ▲43.3%
6 profitable years in a row build equity to €2.20M.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Equity above €1MEq €1.54M ▲62.5%
5 profitable years in a row build equity to €1.54M.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Weakest financial yearnet €235k ▼25.9%
Net result drops to €235k, the lowest in the series; recovery starts the following year.
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
2018
18-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-01
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.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Poperinge · 1 establishment unit since 1978
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nijverheidsstraat 498970 PoperingeGround area
5,118 m²
Building footprint
1,273 m²
Volume, LiDAR
6,445 m³
Parcel 33021E0223/00K000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nijverheidsstraat 49, 8970 Poperinge
since 19782.014.475.610
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33021E0223/00K000 | Flanders | 5,118 m² | 1 · 1,273 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 12 entries · 54,473 EUR awarded · 33,377 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 8,308 EUR | 19,620 EUR |
| 2024 | 1 | 966 EUR | 946 EUR |
| 2023 | 3 | 33,753 EUR | 10,167 EUR |
| 2022 | 4 | 11,446 EUR | 2,644 EUR |
Schemes
Ecologiepremie+
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Werkbaarheidscheque (stopgezet)
Vlaams opleidingsverlof (VOV)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Recognitions · licences · registrations
Recognised contractor
5 categoriesVANDOTEC NV38005
Similar companies · same sector, comparable size
LIMGAZ
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BIESMANS-DPE
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JORDENS MC INFRA
BE 0818.500.054
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Brabamij Infra
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RGI
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Antwerpen · Eq €5.42M
Of 337 companies in sector 42219 we hold annual accounts for 149. 37 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-01-1978
Fiscal year end30-06
Activities, NACEBEL
42212Civil engineering
42219Civil engineering
43240Other construction installation
33120Repair and maintenance of machinery
33200Installation of industrial machinery and equipment
42990Civil engineering
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.