VANEFLON
ActiveSummary
VANEFLON has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.3m and a net result of €2.3m. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 31% of 313 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency59=
Growth54▼-18
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.61 in 2023; short-term debt: 55.9% and cash: 9.8% of total assets), and 66% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Manufacture of chemicals and chemical products (NACE 20)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
34%
Return on assets
33.3%
Age of the figures
21 mo
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 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
28 d early
2022
11 d early
2021
30 d early
2020
39 d early
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#4 employer in Hamme, Manufacturing sector#4 company by total assets in Hamme, Manufacturing sector#4 company by equity in Hamme, Manufacturing sector
Turnover
€11.4m▼ 26.9%
2022 · €15.6m
EBIT margin
24.0%▲ 2.6pp
2022 · 21.3%
Net result
€2.3m▲ 0.3%
2023 · €2.3m
Working capital
€1.9m▼ 22.5%
2023 · €2.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€10.2m€15.6m▲ 52.9%€11.4m
Operating result€1.5m▼ 15.4%€2.0m▲ 38.4%€3.3m▲ 63.9%€2.8m▼ 17.1%€2.7m▼ 0.9%
Net result€1.9mabove the sector's middle half▲ 29.5%€1.7mabove the sector's middle half▼ 13.7%€5.0mabove the sector's middle half▲ 200%€2.3mabove the sector's middle half▼ 53.8%€2.3mwithin the sector's middle half▲ 0.3%
EBIT margin19.9%21.3%▲ 1.4pp24.0%
Equity€3.3mabove the sector's middle half▲ 15.0%€3.7mabove the sector's middle half▲ 13.8%€3.3mabove the sector's middle half▼ 12.3%€2.4mabove the sector's middle half▼ 25.0%€2.3mwithin the sector's middle half▼ 4.3%
Total assets€5.5mabove the sector's middle half▼ 3.6%€5.8mabove the sector's middle half▲ 4.2%€7.2mabove the sector's middle half▲ 25.3%€7.1mabove the sector's middle half▼ 1.7%€6.9mwithin the sector's middle half▼ 2.9%
Debt€2.2m▼ 23.9%€2.0m▼ 7.3%€3.2m▲ 58.1%€3.9m▲ 21.7%€3.9m▼ 1.7%
Working capital€3.7mabove the sector's middle half▲ 9.5%€2.9mabove the sector's middle half▼ 20.3%€3.4mabove the sector's middle half▲ 17.9%€2.4mabove the sector's middle half▼ 30.6%€1.9mwithin the sector's middle half▼ 22.5%
Solvency59.1%within the sector's middle half▲ 9.6pp64.5%above the sector's middle half▲ 5.4pp45.1%within the sector's middle half▼ 19.3pp34.5%within the sector's middle half▼ 10.7pp34.0%within the sector's middle half▼ 0.5pp
Current ratio4.44above the sector's middle half▲ 0.912.46within the sector's middle half▼ 1.982.07within the sector's middle half▼ 0.391.61within the sector's middle half▼ 0.471.48within the sector's middle half▼ 0.13
Return on assets (ROA)34.5%above the sector's middle half▲ 8.8pp28.6%above the sector's middle half▼ 5.9pp68.6%above the sector's middle half▲ 39.9pp32.2%above the sector's middle half▼ 36.3pp33.3%above the sector's middle half▲ 1.1pp
Staff (FTE)47.1above the sector's middle half▼ 0.6%45.9above the sector's middle half▼ 2.5%46.6above the sector's middle half▲ 1.5%42.8above the sector's middle half▼ 8.2%39.8within the sector's middle half▼ 7.0%
above
within
below
the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 1% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.9m
Fixed assets
€1.2m ▲ 54.0%
Current assets
€5.7m ▼ 9.9%
Equity and liabilities €6.9m
Equity
€2.3m ▼ 4.3%
Provisions
€677,899 ▼ 5.0%
Debt
€3.9m ▼ 1.7%
Debt's share of the balance-sheet total rises from 55.5% to 56.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3.0m▲
2023 · €3.0m
Cash flow
€2.6m▲
2023 · €2.5m
Quick ratio
0.87▼
2023 · 1.04
Debt to equity
1.65▲
2023 · 1.61
ROE
98.0%▲
2023 · 93.5%
Interest coverage
646.53▲
2023 · 55.83
Debt ≤ 1 year
€3.9m▼
2023 · €3.9m
Income taxes
€496,731▼
2023 · €526,087
Staff costs
€2.8m▼
2023 · €2.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,129 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €11.4m | - |
| Turnover70 | - | €10.2m | €15.6m | - | €11.4m | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | - | -€73,889 | - |
| Other operating income74 | - | - | - | - | €51,628 | - |
| Non-recurring operating income76A | - | - | - | €0 | - | - |
| Operating charges60/66A | - | - | - | - | €8.7m | - |
| Goods, raw materials, services and sundry goods60/61 | - | €5.2m | €6.2m | - | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €3.6m | - |
| Purchases600/8 | - | - | - | - | €3.8m | - |
| Change in stocks: decrease (increase)609 | - | - | - | - | -€176,770 | - |
| Services and other goods61 | - | - | - | - | €2.0m | - |
| Remuneration, social security and pensions62 | - | €2.7m | €2.9m | €2.8m | €2.8m | ▼ 0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €282,908 | €234,022 | €184,078 | €205,872 | €293,494 | ▲ 42.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €11,405 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€58,028 | - | - | - | - |
| Other operating charges640/8 | - | €49,130 | €51,635 | €35,672 | €47,542 | ▲ 33.3% |
| Gross operating margin9900 | €4.5m | €5.0m | €6.5m | €5.8m | - | - |
| Operating profit (loss)9901 | €1.5m | €2.0m | €3.3m | €2.8m | €2.7m | ▼ 0.9% |
| Financial income75/76B | - | €17,685 | €3.0m | €86,218 | €77,293 | ▼ 10.4% |
| Recurring financial income75 | €55,588 | €17,685 | €26,322 | €86,218 | €77,293 | ▼ 10.4% |
| Income from current assets751 | - | - | - | - | €76,807 | - |
| Other financial income752/9 | - | - | - | - | €486 | - |
| Non-recurring financial income76B | - | - | €2.9m | - | - | - |
| Financial charges65/66B | - | €22,273 | €24,609 | €53,234 | €62,872 | ▲ 18.1% |
| Recurring financial charges65 | €27,330 | €22,273 | €24,609 | €53,234 | €62,872 | ▲ 18.1% |
| Debt charges650 | - | - | - | - | €4,695 | - |
| Other financial charges652/9 | - | - | - | - | €58,177 | - |
| Profit (loss) for the period before taxes9903 | €2.1m | €2.0m | €6.3m | €2.8m | €2.8m | ▼ 1.5% |
| Transfer from deferred taxes780 | - | - | €5,244 | €15,976 | €35,744 | ▲ 124% |
| Transfer to deferred taxes680 | - | - | €731,367 | €0 | - | - |
| Income taxes67/77 | €227,575 | €382,670 | €587,428 | €526,087 | €496,731 | ▼ 5.6% |
| Taxes670/3 | - | - | - | - | €503,366 | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €6,635 | - |
| Profit (loss) for the period9904 | €1.9m | €1.7m | €5.0m | €2.3m | €2.3m | ▲ 0.3% |
| Transfer from tax-exempt reserves789 | - | - | €1,748 | €47,927 | €107,233 | ▲ 124% |
| Transfer to tax-exempt reserves689 | - | - | €2.2m | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.9m | €1.7m | €2.8m | €2.3m | €2.4m | ▲ 2.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.5m | €5.8m | €7.2m | €7.1m | €6.9m | ▼ 2.9% |
| Fixed assets21/28 | €808,368 | €847,576 | €568,055 | €773,346 | €1.2m | ▲ 54.0% |
| Intangible fixed assets21 | €10,544 | €4,203 | €19,484 | €14,783 | €34,786 | ▲ 135% |
| Tangible fixed assets22/27 | €759,888 | €805,438 | €510,635 | €720,627 | €1.1m | ▲ 55.2% |
| Land and buildings22 | - | €339,531 | - | - | €25,753 | - |
| Plant, machinery and equipment23 | - | €412,209 | €422,165 | €655,548 | €1.0m | ▲ 57.0% |
| Furniture and vehicles24 | - | €53,698 | €88,470 | €65,079 | €33,884 | ▼ 47.9% |
| Other tangible fixed assets26 | - | - | - | - | €29,693 | - |
| Financial fixed assets28 | €37,936 | €37,936 | €37,936 | €37,936 | €37,936 | = |
| Affiliated companies280/1 | - | - | - | - | €37,928 | - |
| Participating interests280 | - | - | - | - | €37,928 | - |
| Other financial fixed assets284/8 | - | - | - | - | €8 | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €8 | - |
| Current assets29/58 | €4.7m | €4.9m | €6.7m | €6.3m | €5.7m | ▼ 9.9% |
| Amounts receivable after more than one year29 | - | - | €1.7m | €1.4m | €1.2m | ▼ 12.9% |
| Other amounts receivable291 | - | - | €1.7m | €1.4m | €1.2m | ▼ 12.9% |
| Stocks and contracts in progress3 | €2.0m | €2.2m | €2.4m | €2.2m | €2.3m | ▲ 4.6% |
| Stocks30/36 | - | €2.2m | €2.4m | €2.2m | €2.3m | ▲ 4.6% |
| Raw materials and consumables30/31 | - | - | - | - | €1.0m | - |
| Work in progress32 | - | - | - | - | €126,218 | - |
| Finished goods33 | - | - | - | - | €899,846 | - |
| Goods purchased for resale34 | - | - | - | - | €273,630 | - |
| Amounts receivable within one year40/41 | €1.5m | €1.6m | €1.5m | €976,275 | €1.4m | ▲ 47.0% |
| Trade receivables40 | - | €1.6m | €1.5m | €946,974 | €1.2m | ▲ 22.7% |
| Other amounts receivable41 | - | €79,801 | - | €29,302 | €273,483 | ▲ 833% |
| Cash at bank and in hand54/58 | €1.2m | €1.1m | €1.1m | €1.7m | €674,462 | ▼ 60.9% |
| Deferred charges and accrued income490/1 | - | €0 | €44,251 | €38,461 | €76,746 | ▲ 99.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.5m | €5.8m | €7.2m | €7.1m | €6.9m | ▼ 2.9% |
| Equity10/15 | €3.3m | €3.7m | €3.3m | €2.4m | €2.3m | ▼ 4.3% |
| Contributions10/11 | €211,000 | €211,000 | €211,000 | €211,000 | €211,000 | = |
| Capital10 | - | €211,000 | €211,000 | €211,000 | €211,000 | = |
| Issued capital100 | - | €211,000 | €211,000 | €211,000 | €211,000 | = |
| Reserves13 | €73,870 | €73,870 | €2.3m | €2.2m | €2.1m | ▼ 4.8% |
| Non-distributable reserves130/1 | - | €21,100 | €21,100 | €21,100 | €21,100 | = |
| Legal reserve130 | - | €21,100 | €21,100 | €21,100 | €21,100 | = |
| Tax-exempt reserves132 | - | €8,692 | €2.2m | €2.1m | €2.0m | ▼ 5.0% |
| Distributable reserves133 | - | €44,078 | €44,078 | €44,078 | €44,078 | = |
| Profit (loss) carried forward14 | €3.0m | €3.4m | €784,462 | €21,586 | €24,185 | ▲ 12.0% |
| Provisions and deferred taxes16 | €58,028 | €0 | €726,123 | €713,644 | €677,899 | ▼ 5.0% |
| Provisions for liabilities and charges160/5 | - | €0 | - | - | - | - |
| Other liabilities and charges164/5 | - | €0 | - | - | - | - |
| Deferred taxes168 | - | - | €726,123 | €713,644 | €677,899 | ▼ 5.0% |
| Amounts payable17/49 | €2.2m | €2.0m | €3.2m | €3.9m | €3.9m | ▼ 1.7% |
| Amounts payable after more than one year17 | €1.1m | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €1.1m | €2.0m | €3.2m | €3.9m | €3.9m | ▼ 2.2% |
| Current portion of amounts payable after more than one year42 | - | €989,553 | - | - | - | - |
| Trade debts44 | €415,659 | €761,385 | €858,570 | €495,246 | €651,697 | ▲ 31.6% |
| Suppliers440/4 | - | €761,385 | €858,570 | €495,246 | €651,697 | ▲ 31.6% |
| Taxes, remuneration and social security45 | - | €247,020 | €344,002 | €343,039 | €424,643 | ▲ 23.8% |
| Taxes450/3 | - | - | - | €119,598 | €119,272 | ▼ 0.3% |
| Remuneration and social security454/9 | - | €247,020 | €344,002 | €223,441 | €305,371 | ▲ 36.7% |
| Other amounts payable47/48 | - | - | €2.0m | €3.1m | €2.8m | ▼ 10.5% |
| Accrued charges and deferred income492/3 | - | €49,361 | €24,026 | €857 | €21,962 | ▲ 2,462% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.9m | €1.7m | €5.0m | €2.3m | €2.3m | ▲ 0.3% |
| + Depreciation and write-downs630 | €282,908 | €234,022 | €184,078 | €205,872 | €293,494 | ▲ 42.6% |
| Operating cash flow (approximation) | €2.2m | €1.9m | €5.1m | €2.5m | €2.6m | ▲ 3.8% |
| Investment in fixed assets (approximation) | - | -€273,230 | €95,443 | -€411,163 | -€711,193 | ▼ 73.0% |
| Change in cash | - | -€58,398 | -€8,033 | €639,497 | -€1.0m | ▼ 264% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €5.0m ▲200%
Operating result €3.3m, net result €5.0m, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €1.5m ▼13.2%
Net result drops to €1.5m, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
13 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, Hamme (Vl.) · 1 establishment unit since 1976
Ground area
6,037 m²
Building footprint
3,017 m²
Volume, LiDAR
16,886 m³
Parcel 42452C0044/00L000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VANEFLON
since 19762.012.205.612
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452C0044/00L000 | Flanders | 6,037 m² | 1 · 3,017 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 owners · 1 holdingChain of control
- Vanéflon Holding
- 6GP
- VANEFLON
Highest known parent: Vanéflon Holding. The sources do not say who stands above it.
Owners 2
- 6GPparentSourceown accounts 2024100%
- Vanéflon Holdingparent100%
Holdings 1
-
51%
According to the 2024 annual accounts of VANEFLON and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 16 entries · 62,418 EUR awarded · 61,113 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 12,376 EUR | 11,071 EUR |
| 2024 | 5 | 20,768 EUR | 20,999 EUR |
| 2023 | 4 | 10,706 EUR | 13,574 EUR |
| 2022 | 4 | 18,568 EUR | 15,469 EUR |
Recognitions · licences · registrations
Dual-learning approval
1 live approvalOmsteller verspaning en monteerder-afregelaar duaal (so)
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Of 42 companies in sector 20110 we hold annual accounts for 32. 15 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-05-1976
Fiscal year end31-12
Activities, NACEBEL 2025
20110Manufacture of chemicals and chemical products
22260Manufacture of rubber and plastic products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0416005581
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.