VANEXCO
ActiveSummary
VANEXCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €8,408 and a net result of -€13,777. Equity is shrinking by ~27.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 13% of 9866 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 9866 sector peers (2024).
NBB · sector comparisonPosition among 9866 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
9 d early
2022
26 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€8,408▼ 62.1%
2023 · €22,185
Net result
-€13,777
2023 · €3,429
Total assets
€105,383▼ 0.9%
2023 · €106,343
Solvency
8.0%▼ 12.9pp
2023 · 20.9%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€16,800-€7,365▼ 56.2%-€9,352
Net result€15,756-€3,429▼ 78.2%-€13,777
Equity€18,756-€22,185▲ 18.3%€8,408▼ 62.1%
Total assets€84,008-€106,343▲ 26.6%€105,383▼ 0.9%
Debt€65,251-€84,158▲ 29.0%€96,975▲ 15.2%
Working capital€2,030--€5,549-€19,877▼ 258%
Solvency22.3%-20.9%▼ 1.5pp8.0%▼ 12.9pp
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 €9,352 after €7,365 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €105,383
Fixed assets
€88,605 ▲ 5.3%
Current assets
€16,778 ▼ 24.3%
Equity and liabilities €105,383
Equity
€8,408 ▼ 62.1%
Debt
€96,975 ▲ 15.2%
Debt's share of the balance-sheet total rises from 79.1% to 92.0%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-163.9%▼
2023 · 15.5%
ROA
-13.1%▼
2023 · 3.2%
Debt ≤ 1 year
€36,655▲
2023 · €27,725
Debt > 1 year
€60,321▲
2023 · €56,433
Staff costs
€1,370
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €1,370 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,176 | €10,464 | €22,542 | ▲ 115% |
| Other operating charges640/8 | €271 | €790 | €1,455 | ▲ 84.2% |
| Non-recurring operating charges66A | - | €11,664 | €0 | ▼ 100% |
| Gross operating margin9900 | €22,246 | €30,283 | €16,014 | ▼ 47.1% |
| Operating profit (loss)9901 | €16,800 | €7,365 | -€9,352 | ▼ 227% |
| Financial income75/76B | €4 | €1 | €0 | ▼ 98.9% |
| Recurring financial income75 | €4 | €1 | €0 | ▼ 98.9% |
| Financial charges65/66B | €536 | €3,938 | €4,425 | ▲ 12.4% |
| Recurring financial charges65 | €536 | €3,938 | €4,425 | ▲ 12.4% |
| Profit (loss) for the period before taxes9903 | €16,269 | €3,429 | -€13,777 | ▼ 502% |
| Income taxes67/77 | €512 | €0 | - | - |
| Profit (loss) for the period9904 | €15,756 | €3,429 | -€13,777 | ▼ 502% |
| Profit (loss) for the period to be appropriated9905 | €15,756 | €3,429 | -€13,777 | ▼ 502% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €84,008 | €106,343 | €105,383 | ▼ 0.9% |
| Fixed assets21/28 | €58,202 | €84,167 | €88,605 | ▲ 5.3% |
| Tangible fixed assets22/27 | €58,202 | €82,167 | €88,605 | ▲ 7.8% |
| Plant, machinery and equipment23 | €1,450 | €4,216 | €3,152 | ▼ 25.2% |
| Furniture and vehicles24 | €5,514 | €39,568 | €29,664 | ▼ 25.0% |
| Leasing and similar rights25 | €51,238 | €38,383 | €55,789 | ▲ 45.3% |
| Financial fixed assets28 | - | €2,000 | €0 | ▼ 100% |
| Current assets29/58 | €25,806 | €22,176 | €16,778 | ▼ 24.3% |
| Amounts receivable within one year40/41 | €16,273 | €15,139 | €10,340 | ▼ 31.7% |
| Trade receivables40 | €9,215 | €3,863 | €5,136 | ▲ 33.0% |
| Other amounts receivable41 | €7,058 | €11,276 | €5,204 | ▼ 53.8% |
| Cash at bank and in hand54/58 | €7,899 | €4,018 | €2,396 | ▼ 40.4% |
| Deferred charges and accrued income490/1 | €1,633 | €3,019 | €4,041 | ▲ 33.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €84,008 | €106,343 | €105,383 | ▼ 0.9% |
| Equity10/15 | €18,756 | €22,185 | €8,408 | ▼ 62.1% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €15,500 | €19,000 | €19,000 | = |
| Distributable reserves133 | €15,500 | €19,000 | €19,000 | = |
| Profit (loss) carried forward14 | €256 | €185 | -€13,592 | ▼ 7,448% |
| Amounts payable17/49 | €65,251 | €84,158 | €96,975 | ▲ 15.2% |
| Amounts payable after more than one year17 | €41,476 | €56,433 | €60,321 | ▲ 6.9% |
| Financial debts170/4 | €41,476 | €56,433 | €60,321 | ▲ 6.9% |
| Amounts payable within one year42/48 | €23,775 | €27,725 | €36,655 | ▲ 32.2% |
| Current portion of amounts payable after more than one year42 | €9,741 | €14,050 | €19,793 | ▲ 40.9% |
| Trade debts44 | €11,322 | €7,526 | €12,832 | ▲ 70.5% |
| Suppliers440/4 | €11,322 | €7,526 | €12,832 | ▲ 70.5% |
| Taxes, remuneration and social security45 | €2,712 | €6,149 | €4,029 | ▼ 34.5% |
| Taxes450/3 | €512 | €3,622 | €4,029 | ▲ 11.2% |
| Remuneration and social security454/9 | €2,200 | €2,527 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,756 | €3,429 | -€13,777 | ▼ 502% |
| + Depreciation and write-downs630 | €5,176 | €10,464 | €22,542 | ▲ 115% |
| Operating cash flow (approximation) | €20,932 | €13,893 | €8,764 | ▼ 36.9% |
| Investment in fixed assets (approximation) | - | -€36,429 | -€26,980 | ▲ 25.9% |
| Change in cash | - | -€3,881 | -€1,622 | ▲ 58.2% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€13,777
Net result drops to -€13,777, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ardooie · 1 establishment unit since 2021
Ground area
882 m²
Building footprint
193 m²
Volume, LiDAR
860 m³
Parcel 37005B0040/00A002, Flanders · tallest building 7.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VANEXCO
since 20212.324.649.639
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37005B0040/00A002 | Flanders | 882 m² | 1 · 193 m² | 7.7 m · 1 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 4,510 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
77110Renting and leasing of cars and light motor vehicles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0777520623
Also
9925:BE0777520623
Registered
05-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.