Losses
-€48,531 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
VANEST
Lifetime
20 annual accounts with figures on one time axis, 30 filings since 1996peak €40,320 (2014)
-€2,608▼ €467
lowest -€40,227 (2025)
-€40,227▼ €35,605
peak €120,547 (2022)
€72,016▼ 35.8%
-not published
Owners
Documentsfilings and deeds
12-10-202673 days late
2025micro format
Gross margin from -€2,142 to -€2,608Loss of €40,227Equity from €112,243 to €72,016
Key points
from the 2025 annual accountsFilings
30 annual accounts 73 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€40,227
Lower net result than 94% of companies in wholesale trade. Sector median €5,606 · 13,813 companies.
Turnover not published (micro format)
Checked score
56
Fair
Financially stronger than 52% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.5%▲ +0.2 percentage points vs 09-2025
11-2025: 0.1%▼ -0.4 percentage points vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.5%▲ +0.3 percentage points vs 09-2026highest value
11-2026: 0.5%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Last filed accounts filed 73 days late; 3 of the last 3 accounts late
Loss of €40,227, the second in a row (financial year 2025)
lowers risk
Liquidity: cash €72,016
Equity €72,016 (100.0% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 90% of them on solvency, 98% on liquidity, 6% on profitability and 13% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as VANEST has now. Each dot stands for 15 companies, two years later.
84.5%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VANEST itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for VANEST. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Cash is 100% of total assets. 0% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€40,227
raises risk · 2025 accounts filed 73 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-10-2026, 73 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
73 days late
2024
70 days late
2023
84 days late
2022
102 days late
2021
183 days late
2020
177 days late
2019
178 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 124 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- BRODHEIM INVEST & INSURANCE 100%score 58equity €446,011 (2025) · 2025 annual accounts of BRODHEIM INVEST & INSURANCE
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0455563072
First establishment
Jachtlaan 180, Etterbeek
Incorporation
published on 20-07-1995 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VANEST Etterbeek | €72,016 | -€2,608 | 100.0% | - |
| ETS-ETN HANS TOSSAINT Schaerbeek | €73,025 | -€1,117 | 30.2% | - |
| INFORMATION TECHNOLOGY ASSOCIATES Brussels | €74,276 | -€865 | 19.1% | - |
| J.J. Uccle | €72,704 | €770 | 97.4% | - |
| MECATRONIX Zaventem | €71,383 | -€3,453 | -18.2% | - |
| BARBA'S Harelbeke | €78,606 | -€18,589 | 74.7% | - |
| BOUW CONSULTANCY BLAUWHOF Brecht | €79,889 | -€1,271 | 100.0% | - |
These companies have the same main activity as VANEST: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €71,400 and €79,900, founded between 1991 and 1998.
Official details
Source: KBO- Status
- Active since 05-07-1995Normal situation
- Activity
- Agents in non-specialised wholesale tradeNACE 46190
- Establishment unit
- 2.072.733.8101040 Etterbeek, since 18-08-1995
- Financial year end
- 31 December
- Peppol
- Reachable since 03-04-2026
Insights on VANEST
VANEST files the micro format. That format states no turnover. The gross margin fell from €18,449 in 2006 to -€2,608 in 2025.
BRODHEIM INVEST & INSURANCE holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VANEST
- What is the company number of VANEST?
- The company number of VANEST is 0455.563.072. The VAT number is the same number with BE in front: BE 0455.563.072.
- Where is VANEST based?
- The registered office is at Jachtlaan 180, 1040 Etterbeek.Company details
- What does VANEST do?
- According to the KBO register, the main activity is agents in non-specialised wholesale trade (NACE 46190).
- What is the legal form of VANEST?
- VANEST is a private limited company (pre-2019) (BVBA).
- When was VANEST founded?
- VANEST was founded on 05-07-1995.
- Is VANEST still active?
- Yes, VANEST is an active enterprise in the KBO register.
- What is the turnover of VANEST?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it. In financial year 2018 turnover was €21,697.Financials
- Is VANEST profitable?
- In financial year 2025, VANEST made a loss of €40,227.
- Where can I find the annual accounts of VANEST?
- VANEST filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VANEST due?
- VANEST must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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