VANDY
ActiveVANDY has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €536k and a net result of €-83k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 29% of 15870 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
15
/ 100
Critical▼ -10 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency8▼-14
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 0.96 in 2023), and 87.8% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
12.2%
Return on assets
-1.9%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€83k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
42 d early
2022
39 d late
2021
30 d early
2020
5 d early
2019
18 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€536k▼ 13.4%
2023 · €619k
2018: €538k
2019: €587k
2020: €607k
2021: €584k
2022: €652k
2023: €619k
2018 → 2024
Total assets
€4.41M▲ 25.0%
2023 · €3.53M
2018: €3.06M
2019: €2.92M
2020: €2.72M
2021: €2.90M
2022: €3.76M
2023: €3.53M
2018 → 2024
Net result
€-83k▼ 149%
2023 · €-33k
2018: €24k
2019: €49k
2020: €20k
2021: €-23k
2022: €68k
2023: €-33k
2018 → 2024
Working capital
€-159k▼ 1,629%
2023 · €-9k
2018: €43k
2019: €95k
2020: €123k
2021: €-3k
2022: €67k
2023: €-9k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€607k-€584k▼ 3.8%€652k▲ 11.6%€619k▼ 5.1%€536k▼ 13.4%
Operating result€47k-€33k▼ 30.7%€-28k€12k€-27k
Net result€20k-€-23k€68k€-33k€-83k▼ 149%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €27k after €12k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.41M
Fixed assets
€4.34M▲ 32.4%
Current assets
€68k▼ 72.7%
Equity and liabilities €4.41M
Equity
€536k▼ 13.4%
Debt
€3.87M▲ 33.2%
The debt ratio rises from 82.4% to 87.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€223k▼
2023 · €225k
Cash flow
€168k▼
2023 · €180k
Solvency
12.2%▼
2023 · 17.6%
Current ratio
0.30▼
2023 · 0.96
Quick ratio
0.30▼
2023 · 0.96
Debt / equity
7.22▲
2023 · 4.69
ROE
-15.4%▼
2023 · -5.4%
ROA
-1.9%▼
2023 · -0.9%
Interest coverage
2.52▼
2023 · 4.97
Debt
€3.87M▲
2023 · €2.91M
Debt ≤ 1 year
€227k▼
2023 · €258k
Debt > 1 year
€2.87M▲
2023 · €1.79M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.53M€4.41M▲
Fixed assets21/28€3.28M€4.34M▲
Tangible fixed assets22/27€3.15M€4.22M▲
Land and buildings22€2.98M€3.80M▲
Plant, machinery and equipment23€171k€423k▲
Financial fixed assets28€123k€123k=
Current assets29/58€248k€68k▼
Amounts receivable within one year40/41€242k€55k▼
Other amounts receivable41€242k€55k▼
Cash at bank and in hand54/58€6k€13k▲
Equity and liabilities
Total equity and liabilities10/49€3.53M€4.41M▲
Equity10/15€619k€536k▼
Contributions10/11€255k€255k=
Capital10-€255k
Issued capital100-€255k
Reserves13€364k€281k▼
Non-distributable reserves130/1€26k€26k=
Legal reserve130-€26k
Reserves not available under the articles1311€26k-
Distributable reserves133€339k€256k▼
Amounts payable17/49€2.91M€3.87M▲
Amounts payable after more than one year17€1.79M€2.87M▲
Financial debts170/4€1.79M€2.87M▲
Amounts payable within one year42/48€258k€227k▼
Current portion of amounts payable after more than one year42€169k€175k▲
Trade debts44€34k€48k▲
Suppliers440/4€34k€48k▲
Taxes, remuneration and social security45€212€193▼
Taxes450/3€212€193▼
Other amounts payable47/48€54k€4k▼
Accrued charges and deferred income492/3€863k€776k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€213k€251k▲
Other operating charges640/8€35k€37k▲
Gross operating margin9900€260k€260k=
Operating profit (loss)9901€12k€-27k▼
Financial income75/76B-€33k
Recurring financial income75-€33k
Financial charges65/66B€45k€89k▲
Recurring financial charges65€45k€89k▲
Profit (loss) for the period before taxes9903€-33k€-83k▼
Profit (loss) for the period9904€-33k€-83k▼
Profit (loss) for the period to be appropriated9905€-33k€-83k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-83k▼
Transfer from equity791/2€33k€83k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-83k
Net result drops to €-83k, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 39 days late
2022
31-12
Financial
Back to profitnet €68k
Net result €68k after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
21-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Hulshout · 1 establishment unit since 1988
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.
Provinciebaan(HTV) 712235 HulshoutGround area
7,947 m²
Building footprint
1,234 m²
Volume, LiDAR
6,595 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MARCEL VAN DYCK
since 19882.040.402.819
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13015A0145/00Z000 | Flanders | 5,688 m² | 1 · 1,084 m² | 8.8 m · 2 fl. |
| 13015A0141/00L003 | Flanders | 2,259 m² | 1 · 150 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
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.
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Of 824 companies in sector 46620 we hold annual accounts for 639. 524 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-09-1988
Fiscal year end31-12
Activities, NACEBEL
46620Wholesale of machine tools
47789Other retail sale of new goods
52498
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.