VANELGRO
ActiveVANELGRO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €617k and a net result of €268k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 39% of 400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+8
Solvency56▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.06 in 2024; short-term debt: 41.6% and cash: 13.9% of total assets), and 68.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
31.5%
Return on assets
13.6%
Age of the figures
9 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 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
35 d early
2023
33 d early
2022
17 d early
2021
23 d early
2020
2 d early
2019
15 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€617k▲ 3.3%
2024 · €598k
2018: €239k
2019: €288k
2020: €375k
2021: €436k
2022: €509k
2023: €578k
2024: €598k
2018 → 2025
Total assets
€1.96M▼ 4.2%
2024 · €2.05M
2018: €875k
2019: €850k
2020: €1.07M
2021: €1.20M
2022: €1.39M
2023: €1.94M
2024: €2.05M
2018 → 2025
Net result
€268k▲ 69.5%
2024 · €158k
2018: €35k
2019: €51k
2020: €90k
2021: €63k
2022: €75k
2023: €158k
2024: €158k
2018 → 2025
Working capital
€60k▲ 21.2%
2024 · €49k
2018: €91k
2019: €156k
2020: €167k
2021: €140k
2022: €143k
2023: €45k
2024: €49k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€436k-€509k▲ 16.8%€578k▲ 13.4%€598k▲ 3.4%€617k▲ 3.3%
Operating result€96k-€85k▼ 11.6%€215k▲ 154%€231k▲ 7.4%€359k▲ 55.3%
Net result€63k-€75k▲ 19.1%€158k▲ 112%€158k▼ 0.4%€268k▲ 69.5%
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 55% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.96M
Fixed assets
€1.09M▼ 9.5%
Current assets
€877k▲ 3.2%
Equity and liabilities €1.96M
Equity
€617k▲ 3.3%
Debt
€1.35M▼ 7.4%
The debt ratio falls from 70.8% to 68.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€701k▲
2024 · €545k
Cash flow
€609k▲
2024 · €471k
Solvency
31.5%▲
2024 · 29.2%
Current ratio
1.07▲
2024 · 1.06
Quick ratio
0.63▲
2024 · 0.60
Debt / equity
2.18▼
2024 · 2.43
ROE
43.3%▲
2024 · 26.4%
ROA
13.6%▲
2024 · 7.7%
Interest coverage
17.76▲
2024 · 13.09
Debt
€1.35M▼
2024 · €1.45M
Debt ≤ 1 year
€817k▲
2024 · €800k
Debt > 1 year
€527k▼
2024 · €648k
Income taxes
€52k▲
2024 · €33k
Staff costs
€1.87M▲
2024 · €1.77M
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€2.05M€1.96M▼
Fixed assets21/28€1.20M€1.09M▼
Tangible fixed assets22/27€1.20M€1.09M▼
Land and buildings22€76k€76k▼
Plant, machinery and equipment23€71k€50k▼
Furniture and vehicles24€147k€129k▼
Leasing and similar rights25€905k€831k▼
Current assets29/58€850k€877k▲
Stocks and contracts in progress3€373k€363k▼
Stocks30/36€373k€363k▼
Amounts receivable within one year40/41€234k€233k▼
Trade receivables40€138k€164k▲
Other amounts receivable41€96k€68k▼
Cash at bank and in hand54/58€233k€272k▲
Deferred charges and accrued income490/1€9k€9k▼
Equity and liabilities
Total equity and liabilities10/49€2.05M€1.96M▼
Equity10/15€598k€617k▲
Contributions10/11€19k€19k=
Reserves13€579k€599k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€577k€597k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.45M€1.35M▼
Amounts payable after more than one year17€648k€527k▼
Financial debts170/4€648k€527k▼
Amounts payable within one year42/48€800k€817k▲
Current portion of amounts payable after more than one year42€256k€299k▲
Financial debts43€100k€0▼
Credit institutions430/8€100k€0▼
Trade debts44€224k€167k▼
Suppliers440/4€224k€167k▼
Taxes, remuneration and social security45€60k€85k▲
Taxes450/3€14k€30k▲
Remuneration and social security454/9€46k€55k▲
Other amounts payable47/48€161k€266k▲
Accrued charges and deferred income492/3€3k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€0€207▲
Remuneration, social security and pensions62€1.77M€1.87M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€314k€342k▲
Other operating charges640/8€18k€17k▼
Non-recurring operating charges66A-€10k
Gross operating margin9900€2.33M€2.60M▲
Operating profit (loss)9901€231k€359k▲
Financial income75/76B€924€33▼
Recurring financial income75€924€33▼
Financial charges65/66B€42k€39k▼
Recurring financial charges65€42k€39k▼
Profit (loss) for the period before taxes9903€191k€320k▲
Income taxes67/77€33k€52k▲
Profit (loss) for the period9904€158k€268k▲
Profit (loss) for the period to be appropriated9905€158k€268k▲
Appropriation of the result
Profit (loss) to be appropriated9906€158k€268k▲
Transfer from equity791/2€48k€88k▲
Transfer to equity691/2€68k€108k▲
To other reserves6921€68k€108k▲
Profit to be distributed694/7€138k€248k▲
Return on contributions (dividend)694€48k€88k▲
Directors or managers695€90k€160k▲
Social balance
Average headcount (FTE)908733.934.5▲
The notes to these accounts (26 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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €268k ▲69.5%
Operating result €359k, net result €268k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €509k ▲16.8%
5 profitable years in a row build equity to €509k.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
28-07
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
4 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, Tongeren-Borgloon · 1 establishment unit since 1990
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.
Overhaamlaan 303700 Tongeren-BorgloonGround area
4,435 m²
Building footprint
837 m²
Volume, LiDAR
3,881 m³
Parcel 73348B0708/00E000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VANELGRO
since 19902.046.478.680
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73348B0708/00E000 | Flanders | 4,435 m² | 1 · 837 m² | 8.1 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 · 4 entries · 3,718 EUR awarded · 3,717 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,655 EUR | 1,739 EUR |
| 2024 | 1 | 799 EUR | 829 EUR |
| 2023 | 1 | 507 EUR | 392 EUR |
| 2022 | 1 | 757 EUR | 757 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
12 categoriesVANELGRO BV36040
Similar companies · same sector, comparable size
AM CONSTRUCT
BE 0745.787.270
Antwerpen · Eq €616k
MAGIMEX
BE 0599.886.996
Antwerpen · Eq €614k
CMP TECHNICS
BE 0699.757.802
Erpe-Mere · Eq €631k
CRAHAY
BE 0437.488.014
Liège · Eq €650k
ALL LASER TECHNICS
BE 0473.460.067
Leuven · Eq €577k
Of 1,825 companies in sector 42220 we hold annual accounts for 958. 500 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-12-1989
Fiscal year end31-12
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
45215
45310
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.