Vangeels
ActiveSummary
Vangeels has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €114k and a net result of €51k. Equity is growing by ~71.5% per year across the filed fiscal years. Its solvency ranks better than 73% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+13
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 4.13 against 2.29 in 2024; short-term debt: 23% and cash: 82.8% of total assets), and 23% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
77%
Return on assets
34.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-04-2026, 108 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
108 d early
2024
on the day
2023
58 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€114k▲ 79.8%
2024 · €63k
2023: €23klowest in 3 years
2024: €63k▲ +171% vs 2023
2025: €114k▲ +79.8% vs 2024highest in 3 years
2023 → 2025
Total assets
€148k▲ 43.8%
2024 · €103k
2023: €64klowest in 3 years
2024: €103k▲ +60.9% vs 2023
2025: €148k▲ +43.8% vs 2024highest in 3 years
2023 → 2025
Net result
€51k▲ 25.8%
2024 · €41k
2023: €22klowest in 3 years
2024: €41k▲ +84.1% vs 2023
2025: €51k▲ +25.8% vs 2024highest in 3 years
2023 → 2025
Working capital
€106k▲ 109%
2024 · €51k
2023: €6klowest in 3 years
2024: €51k▲ +763% vs 2023
2025: €106k▲ +109% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€23k-€63k▲ 171%€114k▲ 79.8%
2023: €23klowest in 3 years
2024: €63k▲ +171% vs 2023
2025: €114k▲ +79.8% vs 2024highest in 3 years
Operating result€28k-€52k▲ 84.5%€65k▲ 24.4%
2023: €28klowest in 3 years
2024: €52k▲ +84.5% vs 2023
2025: €65k▲ +24.4% vs 2024highest in 3 years
Net result€22k-€41k▲ 84.1%€51k▲ 25.8%
2023: €22klowest in 3 years
2024: €41k▲ +84.1% vs 2023
2025: €51k▲ +25.8% vs 2024highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 24% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €148k
Fixed assets
€7k ▼ 39.9%
Current assets
€140k ▲ 55.3%
Equity and liabilities €148k
Equity
€114k ▲ 79.8%
Debt
€34k ▼ 13.8%
Debt's share of the balance-sheet total falls from 38.5% to 23.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70k▲
2024 · €57k
Cash flow
€56k▲
2024 · €46k
Current ratio
4.13▲
2024 · 2.29
Debt to equity
0.30▼
2024 · 0.62
ROE
45.1%▼
2024 · 64.5%
ROA
34.7%▼
2024 · 39.7%
Interest coverage
190.65▼
2024 · 294.85
Debt ≤ 1 year
€34k▼
2024 · €39k
Income taxes
€14k▲
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€103k€148k▲
Fixed assets21/28€12k€7k▼
Tangible fixed assets22/27€12k€7k▼
Furniture and vehicles24€7k€3k▼
Other tangible fixed assets26€6k€5k▼
Current assets29/58€90k€140k▲
Amounts receivable within one year40/41€15k€17k▲
Trade receivables40€15k€17k▲
Cash at bank and in hand54/58€75k€122k▲
Deferred charges and accrued income490/1€968€1k▲
Equity and liabilities
Total equity and liabilities10/49€103k€148k▲
Equity10/15€63k€114k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€61k€112k▲
Amounts payable17/49€40k€34k▼
Amounts payable within one year42/48€39k€34k▼
Trade debts44€244€1k▲
Suppliers440/4€244€1k▲
Taxes, remuneration and social security45€18k€31k▲
Taxes450/3€18k€31k▲
Other amounts payable47/48€22k€2k▼
Accrued charges and deferred income492/3€141€76▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€157€336▲
Gross operating margin9900€57k€70k▲
Operating profit (loss)9901€52k€65k▲
Financial income75/76B€23€603▲
Recurring financial income75€23€603▲
Financial charges65/66B€194€366▲
Recurring financial charges65€194€366▲
Profit (loss) for the period before taxes9903€52k€65k▲
Income taxes67/77€11k€14k▲
Profit (loss) for the period9904€41k€51k▲
Profit (loss) for the period to be appropriated9905€41k€51k▲
Appropriation of the result
Profit (loss) to be appropriated9906€62k€113k▲
Profit (loss) brought forward from the previous period14P€21k€61k▲
Profit to be distributed694/7€859€833▼
Return on contributions (dividend)694€859€833▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €5k | €5k | = |
| Other operating charges640/8 | €84 | €157 | €336 | ▲ 114% |
| Gross operating margin9900 | €30k | €57k | €70k | ▲ 22.5% |
| Operating profit (loss)9901 | €28k | €52k | €65k | ▲ 24.4% |
| Financial income75/76B | - | €23 | €603 | ▲ 2,496% |
| Recurring financial income75 | - | €23 | €603 | ▲ 2,496% |
| Financial charges65/66B | €112 | €194 | €366 | ▲ 89.1% |
| Recurring financial charges65 | €112 | €194 | €366 | ▲ 89.1% |
| Profit (loss) for the period before taxes9903 | €28k | €52k | €65k | ▲ 25.3% |
| Income taxes67/77 | €6k | €11k | €14k | ▲ 23.3% |
| Profit (loss) for the period9904 | €22k | €41k | €51k | ▲ 25.8% |
| Profit (loss) for the period to be appropriated9905 | €22k | €41k | €51k | ▲ 25.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €64k | €103k | €148k | ▲ 43.8% |
| Fixed assets21/28 | €17k | €12k | €7k | ▼ 39.9% |
| Tangible fixed assets22/27 | €17k | €12k | €7k | ▼ 39.9% |
| Furniture and vehicles24 | €11k | €7k | €3k | ▼ 62.9% |
| Other tangible fixed assets26 | €6k | €6k | €5k | ▼ 11.3% |
| Current assets29/58 | €46k | €90k | €140k | ▲ 55.3% |
| Amounts receivable within one year40/41 | €18k | €15k | €17k | ▲ 16.9% |
| Trade receivables40 | €18k | €15k | €17k | ▲ 16.9% |
| Cash at bank and in hand54/58 | €28k | €75k | €122k | ▲ 63.5% |
| Deferred charges and accrued income490/1 | €229 | €968 | €1k | ▲ 4.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €64k | €103k | €148k | ▲ 43.8% |
| Equity10/15 | €23k | €63k | €114k | ▲ 79.8% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €21k | €61k | €112k | ▲ 82.4% |
| Amounts payable17/49 | €41k | €40k | €34k | ▼ 13.8% |
| Amounts payable within one year42/48 | €41k | €39k | €34k | ▼ 13.7% |
| Trade debts44 | €190 | €244 | €1k | ▲ 393% |
| Suppliers440/4 | €190 | €244 | €1k | ▲ 393% |
| Taxes, remuneration and social security45 | €16k | €18k | €31k | ▲ 75.8% |
| Taxes450/3 | €16k | €18k | €31k | ▲ 75.8% |
| Other amounts payable47/48 | €25k | €22k | €2k | ▼ 90.8% |
| Accrued charges and deferred income492/3 | - | €141 | €76 | ▼ 46.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €41k | €51k | ▲ 25.8% |
| + Depreciation and write-downs630 | €2k | €5k | €5k | = |
| Operating cash flow (approximation) | €24k | €46k | €56k | ▲ 23.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €46k | €48k | ▲ 2.2% |
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
Next filing, fiscal year 2026, expected by
2026
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €51k ▲25.8%
Operating result €65k, net result €51k, both a record.
31-12
Financial
Equity above €100kEq €114k ▲79.8%
3 profitable years in a row build equity to €114k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 2.29
Current ratio from 1.15 to 2.29; short-term debt falls from €41k to €39k.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · 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, Watermaal-Bosvoorde · 1 establishment unit since 2023
Ground area
5,026 m²
Building footprint
1,883 m²
Volume, LiDAR
44,483 m³
Parcel 21017D0156/00E002, Brussels · tallest building 48.7 m, ±7 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Vangeels
since 20232.346.635.084
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0156/00E002 | Brussels | 5,026 m² | 1 · 1,882 m² | 48.7 m · 7 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,805 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
Founded02-06-2023
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.