VANGATAN
ActiveVANGATAN has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €360k and a net result of €141k. Equity is growing by ~75.6% per year across the filed fiscal years. Its solvency ranks better than 55% of 11165 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
89
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency93▼-4
Growth78=
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.0 against 2.46 in 2024), but 51.8% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
48.2%
Return on assets
18.9%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
1 d early
2024
7 d late
2023
on the day
2022
50 d late
2021
10 d late
2020
27 d late
2019
17 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close12-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€360k▲ 13.0%
2024 · €318k
2019: €10k
2020: €13k
2021: €86k
2022: €134k
2023: €181k
2024: €318k
2019 → 2025
Total assets
€747k▲ 29.1%
2024 · €578k
2019: €307k
2020: €349k
2021: €297k
2022: €328k
2023: €388k
2024: €578k
2019 → 2025
Net result
€141k▲ 3.2%
2024 · €137k
2019: €34k
2020: €33k
2021: €73k
2022: €48k
2023: €48k
2024: €137k
2019 → 2025
Working capital
€339k▲ 7.8%
2024 · €314k
2019: €70k
2020: €35k
2021: €81k
2022: €124k
2023: €174k
2024: €314k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€86k-€134k▲ 55.9%€181k▲ 35.5%€318k▲ 75.6%€360k▲ 13.0%
Operating result€100k-€71k▼ 29.3%€68k▼ 3.8%€183k▲ 169%€189k▲ 3.5%
Net result€73k-€48k▼ 34.1%€48k▼ 1.0%€137k▲ 188%€141k▲ 3.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €747k
Fixed assets
€69k▲ 44.7%
Current assets
€677k▲ 27.7%
Equity and liabilities €747k
Equity
€360k▲ 13.0%
Debt
€387k▲ 48.9%
The debt ratio rises from 44.9% to 51.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€197k▲
2024 · €189k
Cash flow
€149k▲
2024 · €143k
Solvency
48.2%▼
2024 · 55.1%
Current ratio
2.00▼
2024 · 2.46
Quick ratio
0.67▼
2024 · 0.84
Debt / equity
1.07▲
2024 · 0.82
ROE
39.3%▼
2024 · 43.0%
ROA
18.9%▼
2024 · 23.7%
Interest coverage
24.33▼
2024 · 26.32
Debt
€387k▲
2024 · €260k
Debt ≤ 1 year
€338k▲
2024 · €216k
Debt > 1 year
€48k▲
2024 · €44k
Income taxes
€40k▲
2024 · €39k
Staff costs
€37k▲
2024 · €33k
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€578k€747k▲
Fixed assets21/28€48k€69k▲
Tangible fixed assets22/27€48k€69k▲
Plant, machinery and equipment23€850€4k▲
Furniture and vehicles24€1k€318▼
Other tangible fixed assets26€46k€65k▲
Current assets29/58€530k€677k▲
Stocks and contracts in progress3€350k€449k▲
Stocks30/36€350k€449k▲
Amounts receivable within one year40/41€138k€186k▲
Trade receivables40€5k€92k▲
Other amounts receivable41€133k€94k▼
Cash at bank and in hand54/58€39k€39k=
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€578k€747k▲
Equity10/15€318k€360k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€312k€354k▲
Amounts payable17/49€260k€387k▲
Amounts payable after more than one year17€44k€48k▲
Financial debts170/4€44k€48k▲
Amounts payable within one year42/48€216k€338k▲
Current portion of amounts payable after more than one year42-€12k
Financial debts43€21k€23k▲
Credit institutions430/8€21k€23k▲
Trade debts44€180k€292k▲
Suppliers440/4€180k€292k▲
Taxes, remuneration and social security45€16k€10k▼
Taxes450/3€13k€7k▼
Remuneration and social security454/9€3k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€33k€37k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲
Other operating charges640/8€759€2k▲
Gross operating margin9900€222k€235k▲
Operating profit (loss)9901€183k€189k▲
Financial income75/76B€10€341▲
Recurring financial income75€10€341▲
Financial charges65/66B€7k€8k▲
Recurring financial charges65€7k€8k▲
Profit (loss) for the period before taxes9903€176k€182k▲
Income taxes67/77€39k€40k▲
Profit (loss) for the period9904€137k€141k▲
Profit (loss) for the period to be appropriated9905€137k€141k▲
Appropriation of the result
Profit (loss) to be appropriated9906€310k€454k▲
Profit (loss) brought forward from the previous period14P€173k€312k▲
Transfer from equity791/2€2k-
Profit to be distributed694/7-€100k
Return on contributions (dividend)694-€100k
The notes to these accounts (8 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €141k ▲3.2%
Operating result €189k, net result €141k, both a record.
07-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
30-06
Financial
Equity above €200kEq €318k ▲75.6%
6 profitable years in a row build equity to €318k.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €150kEq €181k ▲35.5%
5 profitable years in a row build equity to €181k.
22-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 50 days late
2022
30-06
Financial
Equity above €100kEq €134k ▲55.9%
4 profitable years in a row build equity to €134k.
10-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
27-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
30-06
Financial
Weakest financial yearnet €33k ▼4%
Net result drops to €33k, the lowest in the series; recovery starts the following year.
17-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brussel · 1 establishment unit since 2017
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.
Koningsstraat 251000 BrusselGround area
204 m²
Building footprint
190 m²
Volume, LiDAR
3,967 m³
Parcel 21803C1118/00D000, Brussels · tallest building 24.0 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
VANGATAN
since 20172.269.284.415
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C1118/00D000 | Brussels | 204 m² | 1 · 190 m² | 24.0 m · 7 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 103 companies in sector 46350 we hold annual accounts for 67. 46 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-10-2017
Fiscal year end30-06
Activities, NACEBEL
46350Wholesale trade
47260Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.