VANFA
ActiveSummary
VANFA has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €610,026 and a net result of -€14,481. Equity is growing by about 5.8% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- €610,026
- Loss
- -€14,481
- Parent
- McVan · 100%
- Holdings
- 1
Why 85raises riskLiquidity: current ratio 0.30, cash €232lowers riskSize: total assets €827,760Equity €610,026 (73.7% of total assets)Founded in 2001Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 62% on solvency, 32% on liquidity, 44% on profitability and 99% on growth.
The bankruptcy probability was computed on 20-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average on the deadline day; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€14,481
- Equity above €500,000equity €610,026 ▲1,083%
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €9,392 after €16,645 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 8,617 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 8,617 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €3,567 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,629 | €4,629 | €5,188 | €10,212 | €14,493 | €15,623 | €16,726 | €34,276 | ▲ 105% |
| Other operating charges640/8 | - | - | - | €3,066 | €3,557 | €3,727 | €3,816 | €3,828 | ▲ 0.3% |
| Non-recurring operating charges66A | - | - | - | - | - | €3,567 | €0 | - | - |
| Gross operating margin9900 | €34,871 | €30,804 | €20,163 | €39,222 | €33,245 | €31,635 | €37,187 | €28,712 | ▼ 22.8% |
| Operating profit (loss)9901 | €29,894 | €23,210 | €9,130 | €25,944 | €15,195 | €8,719 | €16,645 | -€9,392 | - |
| Financial income75/76B | - | - | - | €4,989 | €1,091 | €2,275 | €2,256 | €1,614 | ▼ 28.4% |
| Recurring financial income75 | - | €0 | - | €4,989 | €1,091 | €2,275 | €2,256 | €1,614 | ▼ 28.4% |
| Financial charges65/66B | - | - | - | €2,806 | €5,468 | €4,848 | €4,558 | €3,882 | ▼ 14.8% |
| Recurring financial charges65 | €1,488 | €1,408 | €2,635 | €2,806 | €5,468 | €4,848 | €4,558 | €3,882 | ▼ 14.8% |
| Profit (loss) for the period before taxes9903 | €28,406 | €21,801 | €6,495 | €28,127 | €10,817 | €6,146 | €14,343 | -€11,659 | - |
| Income taxes67/77 | €8,970 | €6,884 | €203 | €7,506 | €2,704 | €1,719 | €2,426 | €2,821 | ▲ 16.3% |
| Profit (loss) for the period9904 | €19,436 | €14,917 | €6,292 | €20,621 | €8,113 | €4,427 | €11,917 | -€14,481 | - |
| Profit (loss) for the period to be appropriated9905 | €19,436 | €14,917 | €6,292 | €20,621 | €8,113 | €4,427 | €11,917 | -€14,481 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €221,385 | €240,343 | €294,028 | €378,062 | €332,235 | €308,574 | €294,796 | €827,760 | ▲ 181% |
| Fixed assets21/28 | €207,397 | €202,768 | €220,512 | €257,057 | €282,814 | €267,192 | €261,307 | €799,983 | ▲ 206% |
| Tangible fixed assets22/27 | €47,397 | €42,768 | €60,512 | €97,057 | €122,814 | €107,192 | €101,307 | €639,983 | ▲ 532% |
| Land and buildings22 | - | - | - | €33,510 | €28,882 | €24,253 | €19,624 | €570,585 | ▲ 2,808% |
| Other tangible fixed assets26 | - | - | - | €63,547 | €93,933 | €82,939 | €81,683 | €69,399 | ▼ 15.0% |
| Financial fixed assets28 | €160,000 | €160,000 | €160,000 | €160,000 | €160,000 | €160,000 | €160,000 | €160,000 | = |
| Current assets29/58 | €13,988 | €37,575 | €73,516 | €121,005 | €49,421 | €41,383 | €33,489 | €27,777 | ▼ 17.1% |
| Amounts receivable within one year40/41 | €11,564 | €34,020 | €71,557 | €84,635 | €45,726 | €40,965 | €33,309 | €27,544 | ▼ 17.3% |
| Trade receivables40 | - | - | - | €1,107 | €1,107 | €1,107 | €0 | - | - |
| Other amounts receivable41 | - | - | - | €83,528 | €44,619 | €39,858 | €33,309 | €27,544 | ▼ 17.3% |
| Cash at bank and in hand54/58 | €1,093 | €2,728 | €1,774 | €36,176 | €3,483 | €63 | €13 | €232 | ▲ 1,633% |
| Deferred charges and accrued income490/1 | - | - | - | €194 | €212 | €355 | €166 | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €221,385 | €240,343 | €294,028 | €378,062 | €332,235 | €308,574 | €294,796 | €827,760 | ▲ 181% |
| Equity10/15 | €175,269 | €190,186 | €46,478 | €27,098 | €35,211 | €39,638 | €51,555 | €610,026 | ▲ 1,083% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Revaluation surpluses12 | - | - | - | - | - | - | - | €555,590 | - |
| Reserves13 | €1,860 | €169,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €19,222 | ▲ 933% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | - | - | - | €17,362 | - |
| Distributable reserves133 | - | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €154,809 | €1,726 | €26,018 | €6,638 | €14,751 | €19,178 | €31,095 | €16,614 | ▼ 46.6% |
| Amounts payable17/49 | €46,116 | €50,157 | €247,550 | €350,963 | €297,024 | €268,936 | €243,241 | €217,734 | ▼ 10.5% |
| Amounts payable after more than one year17 | - | - | €35,000 | €226,200 | €201,575 | €176,454 | €150,829 | €124,690 | ▼ 17.3% |
| Financial debts170/4 | - | - | - | €226,200 | €201,575 | €176,454 | €150,829 | €124,690 | ▼ 17.3% |
| Amounts payable within one year42/48 | €46,116 | €50,157 | €212,342 | €124,763 | €95,449 | €92,482 | €92,412 | €93,044 | ▲ 0.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €18,994 | €26,656 | €27,191 | €27,737 | €28,294 | ▲ 2.0% |
| Trade debts44 | €1,863 | €2,702 | €4,697 | €5,907 | €5,907 | €5,900 | €3,753 | €2,860 | ▼ 23.8% |
| Suppliers440/4 | - | - | - | €5,907 | €5,907 | €5,900 | €3,753 | €2,860 | ▼ 23.8% |
| Taxes, remuneration and social security45 | - | - | - | €7,506 | €10,211 | €6,454 | €5,654 | €1,522 | ▼ 73.1% |
| Taxes450/3 | - | - | - | €7,506 | €10,211 | €6,454 | €5,654 | €1,522 | ▼ 73.1% |
| Other amounts payable47/48 | - | - | - | €92,355 | €52,676 | €52,938 | €55,267 | €60,368 | ▲ 9.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,436 | €14,917 | €6,292 | €20,621 | €8,113 | €4,427 | €11,917 | -€14,481 | - |
| + Depreciation and write-downs630 | €4,629 | €4,629 | €5,188 | €10,212 | €14,493 | €15,623 | €16,726 | €34,276 | ▲ 105% |
| Operating cash flow (approximation) | €24,065 | €19,546 | €11,480 | €30,833 | €22,606 | €20,049 | €28,643 | €19,795 | ▼ 30.9% |
| Investment in fixed assets (approximation) | - | €0 | -€22,932 | -€46,757 | -€40,250 | €0 | -€10,841 | -€572,952 | ▼ 5,185% |
| Change in cash | - | €1,635 | -€954 | €34,401 | -€32,692 | -€3,421 | -€49 | €219 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 18-05-2026 | 2026-00112475 |
| 31-12-2024 | full format | 12-08-2025 | 2025-00370551 |
| 31-12-2023 | micro format | 03-08-2024 | 2024-00325936 |
| 31-12-2022 | micro format | 29-07-2023 | 2023-00289329 |
| 31-12-2021 | micro format | 17-06-2022 | 2022-20069496 |
| 31-12-2020 | micro format | 11-08-2021 | 2021-47700040 |
| 31-12-2019 | micro format | 30-10-2020 | 2020-65700090 |
| 31-12-2018 | micro format | 29-08-2019 | 2019-53600390 |
| 31-12-2017 | micro format | 30-08-2018 | 2018-53400063 |
| 31-12-2016 | micro format | 30-08-2017 | 2017-50800225 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
1 ownerChain of control
- McVan
- VANFA
Highest known parent: McVan. The sources do not say who stands above it.
Owners 1
- McVanparent100%
According to the 2024 annual accounts of VANFA and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
80%
According to the 2024 annual accounts of VANFA and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
09-01
Gazette deed
Resignation: MC GUIRE Vanessa (manager)Appointment: MC GUIRE Vanessa (director) · Capital conversion · Reserve release12 facts ▸
- General meeting, 11-12-2023
- Other provision, “rapport administrateur-justification modification objet, greffe du tribunal de l’entreprise avec expédition” (deed in French)
- Other provision, “adaptation statuts CSA, conserver forme société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression et fonds disponibles pour distribution, compte de capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
- Power of attorney, Corinne DUPONT
- Power of attorney, Hélène DESENFANS
- Director resignation, MC GUIRE Vanessa (manager)
- Director appointment, MC GUIRE Vanessa (director (not named in the articles))
- Other provision, “décharge pour exécution de son mandat, décharge au gérant démissionnaire” (deed in French)
- Registered office clause, “1090 Jette, Place Cardinal Mercier 44, 7. Septième résolution” (deed in French)
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 21 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21010B0200/00N000 | Brussels | 91 m² | 1 · 88 m² | 16.1 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’achat,l’échange,la vente,la prise en location et en sous-location,ainsi que la cession en location et en sous-location,le tout avec ou…” (deed in French)
4 activities (deed in French)
- L’achat,l’échange,la vente,la prise en location et en sous-location,ainsi que la cession en location et en sous-location,le tout avec ou sans option d’achat,l’exploitation et l’entretien de maisons,appartements,bureaux,magasins,fonds de commerce,terrains,terres et domaines et de manière générale,de tous biens immobiliers,ainsi que toutes opérations de financement.Elle pourra ériger toutes constructions pour son compte ou pour compte de tiers,en tant que maitre de l’ouvrage ou entrepreneur général,et effectuer,éventuellement aux biens immobiliers,des transformations et mises en valeur ainsi que l’étude et l’aménagement de lotissements y compris la construction de routes et égouts;souscrire des engagements en tant que conseiller en construction(études de génie civil et des divers équipements techniques des immeubles);acheter tous matériaux,signer tous contrats d’entreprises qui seraient nécessaires;réaliser toutes opérations de change,commission et courtage,ainsi que la gérance d’immeuble.Elle peut acheter,exploiter et construire tant pour elle-même que pour des tiers,par location ou autrement,tous parkings,garages,station-service et d’entretien;
- La conception,l’invention,la fabrication,la construction,l’importation,l’exportation l’achat et la vente,la distribution,l’entretien,l’exploitation tant en nom propre qu’en qualité d’agent,de commissionnaire ou de courtier de tout bien immobilier accessoire aux biens immobiliers visés au numéro un;
- La prestation de tous services dans le cadre de son objet,y compris la gestion de patrimoine;
- La société peut réaliser son objet en tous lieux,en Belgique,ou à l’étranger,de toutes manières et suivant les modalités qui lui paraîtront les mieux appropriées.
- Name clauseThe name the company operates under according to its articles.
- VANFA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, sièges administratifs,agences,ateliers,dépôts,succursales Belgique/étranger par organe d’administration” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs, avec ou sans limitation,statutaire si nommés dans statuts” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement si plusieurs, entre vifs ou cause de mort sans agrément à actionnaire,conjoint ou…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of May at 14:00