VANFORA
ActiveSummary
VANFORA has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,380 and a net result of €20,727. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 32% of 8711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+32
Solvency57▲+14
Growth85▲+30
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.39 against 0.98 in 2024; short-term debt: 67.6% and cash: 82.5% of total assets), and 67.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
32.4%
Return on assets
41.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €16,380
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
20 d late
2023
28 d late
2022
21 d late
2021
22 d late
2020
31 d early
2019
46 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€144,000▲ 14.3%
2024 · €126,000
EBIT margin
19.2%▲ 13.8pp
2024 · 5.4%
Net result
€20,727▲ 1,146%
2024 · €1,663
Working capital
€13,313
2024 · -€614
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
Line20212022202320242025
Turnover€108,000=€112,500▲ 4.2%€126,000€144,000▲ 14.3%
Operating result€10,619▼ 45.9%€4,706▼ 55.7%€8,472▲ 80.0%€6,844▼ 19.2%€27,703▲ 305%
Net result€5,574▼ 58.0%€1,997▼ 64.2%€6,345▲ 218%€1,663▼ 73.8%€20,727▲ 1,146%
EBIT margin9.8%▼ 8.3pp4.2%▼ 5.6pp5.4%19.2%▲ 13.8pp
Equity€25,648▲ 27.8%€17,644▼ 31.2%€13,989▼ 20.7%€5,652▼ 59.6%€16,380▲ 190%
Total assets€34,814▲ 29.1%€37,916▲ 8.9%€41,965▲ 10.7%€32,281▼ 23.1%€50,486▲ 56.4%
Debt€9,166▲ 32.9%€20,271▲ 121%€27,976▲ 38.0%€26,629▼ 4.8%€34,106▲ 28.1%
Working capital€16,325▲ 14.0%€7,959▼ 51.2%€4,396▼ 44.8%-€614€13,313
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 305% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €50,486
Fixed assets
€3,067 ▼ 51.1%
Current assets
€47,419 ▲ 82.3%
Equity and liabilities €50,486
Equity
€16,380 ▲ 190%
Debt
€34,106 ▲ 28.1%
Debt's share of the balance-sheet total falls from 82.5% to 67.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30,903▲
2024 · €10,170
Cash flow
€23,928▲
2024 · €4,989
Current ratio
1.39▲
2024 · 0.98
Debt to equity
2.08▼
2024 · 4.71
ROE
126.5%▲
2024 · 29.4%
ROA
41.1%▲
2024 · 5.2%
Interest coverage
686.74▲
2024 · 425.87
Debt ≤ 1 year
€34,106▲
2024 · €26,629
Income taxes
€7,030▲
2024 · €5,172
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €108,000 | €112,500 | - | €126,000 | €144,000 | ▲ 14.3% |
| Goods, raw materials, services and sundry goods60/61 | €97,411 | €100,332 | - | €115,788 | €113,022 | ▼ 2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,572 | €2,625 | €3,109 | €3,326 | €3,200 | ▼ 3.8% |
| Other operating charges640/8 | €1,122 | €7,412 | €3,224 | €3,240 | €3,066 | ▼ 5.4% |
| Gross operating margin9900 | €13,313 | €14,743 | €14,805 | €13,410 | €33,969 | ▲ 153% |
| Operating profit (loss)9901 | €10,619 | €4,706 | €8,472 | €6,844 | €27,703 | ▲ 305% |
| Financial income75/76B | €0 | - | - | €15 | €99 | ▲ 550% |
| Recurring financial income75 | €0 | - | - | €15 | €99 | ▲ 550% |
| Financial charges65/66B | €45 | €47 | €45 | €24 | €45 | ▲ 88.4% |
| Recurring financial charges65 | €45 | €47 | €45 | €24 | €45 | ▲ 88.4% |
| Profit (loss) for the period before taxes9903 | €10,574 | €4,659 | €8,427 | €6,835 | €27,757 | ▲ 306% |
| Income taxes67/77 | €5,000 | €2,662 | €2,083 | €5,172 | €7,030 | ▲ 35.9% |
| Profit (loss) for the period9904 | €5,574 | €1,997 | €6,345 | €1,663 | €20,727 | ▲ 1,146% |
| Profit (loss) for the period to be appropriated9905 | €5,574 | €1,997 | €6,345 | €1,663 | €20,727 | ▲ 1,146% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34,814 | €37,916 | €41,965 | €32,281 | €50,486 | ▲ 56.4% |
| Fixed assets21/28 | €9,323 | €9,686 | €9,593 | €6,267 | €3,067 | ▼ 51.1% |
| Tangible fixed assets22/27 | €6,943 | €9,636 | €9,543 | €6,217 | €3,017 | ▼ 51.5% |
| Furniture and vehicles24 | €4,050 | €7,497 | €8,159 | €5,588 | €3,017 | ▼ 46.0% |
| Other tangible fixed assets26 | €2,893 | €2,138 | €1,384 | €629 | - | - |
| Financial fixed assets28 | €2,380 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €25,491 | €28,230 | €32,372 | €26,015 | €47,419 | ▲ 82.3% |
| Amounts receivable within one year40/41 | €2,095 | €228 | €226 | €226 | €350 | ▲ 54.8% |
| Trade receivables40 | - | €2 | - | - | - | - |
| Other amounts receivable41 | €2,095 | €226 | €226 | €226 | €350 | ▲ 54.8% |
| Cash at bank and in hand54/58 | €22,266 | €16,107 | €22,671 | €18,733 | €41,659 | ▲ 122% |
| Deferred charges and accrued income490/1 | €1,130 | €11,895 | €9,475 | €7,055 | €5,410 | ▼ 23.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34,814 | €37,916 | €41,965 | €32,281 | €50,486 | ▲ 56.4% |
| Equity10/15 | €25,648 | €17,644 | €13,989 | €5,652 | €16,380 | ▲ 190% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Capital10 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Issued capital100 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €23,648 | €15,644 | €11,989 | €3,652 | €14,380 | ▲ 294% |
| Amounts payable17/49 | €9,166 | €20,271 | €27,976 | €26,629 | €34,106 | ▲ 28.1% |
| Amounts payable within one year42/48 | €9,166 | €20,271 | €27,976 | €26,629 | €34,106 | ▲ 28.1% |
| Trade debts44 | €2,344 | €2,739 | €6,268 | €2,383 | €4,972 | ▲ 109% |
| Suppliers440/4 | €2,344 | €2,739 | €6,268 | €2,383 | €4,972 | ▲ 109% |
| Taxes, remuneration and social security45 | €5,376 | €10,151 | €11,443 | €9,720 | €12,870 | ▲ 32.4% |
| Taxes450/3 | €5,376 | €10,151 | €11,443 | €9,220 | €12,770 | ▲ 38.5% |
| Remuneration and social security454/9 | - | - | - | €500 | €100 | ▼ 80.0% |
| Other amounts payable47/48 | €1,446 | €7,382 | €10,264 | €14,526 | €16,263 | ▲ 12.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,574 | €1,997 | €6,345 | €1,663 | €20,727 | ▲ 1,146% |
| + Depreciation and write-downs630 | €1,572 | €2,625 | €3,109 | €3,326 | €3,200 | ▼ 3.8% |
| Operating cash flow (approximation) | €7,146 | €4,621 | €9,453 | €4,989 | €23,928 | ▲ 380% |
| Investment in fixed assets (approximation) | - | -€2,988 | -€3,016 | €0 | €0 | - |
| Change in cash | - | -€6,159 | €6,564 | -€3,938 | €22,925 | ▲ 682% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2019net €20,727 ▲1,146%
Operating result €27,703, net result €20,727, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Weakest financial yearnet €1,663 ▼73.8%
Net result drops to €1,663, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Charleroi · 1 establishment unit since 2019
Ground area
452 m²
Building footprint
139 m²
Volume, LiDAR
713 m³
Parcel 52050A0457/00F012, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VANFORA
since 20192.292.933.510
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52050A0457/00F012 | Wallonia | 452 m² | 1 · 139 m² | 7.3 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,583. 28,402 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
Founded21-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.