VANGO
ActiveSummary
VANGO has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.7m and a net result of €259,995. Equity remains stable across the filed financial years (±0.3% per year). Its solvency ranks better than 87% of 13,660 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €2.7m
- Profit
- €259,995
- Holdings
- 1
- Christophe GoethalsManaging director
- Ilse VandeputteDirector
Why 97lowers riskSize: total assets €3.2mFounded in 1994Figures for financial year 2025 (filed 14-02-2026)Equity €2.7m (85.9% of total assets)Show the evidence
Checked score
Fewer than 1 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 (NACE 46, small): better than 92% on solvency, 83% on liquidity, 80% on profitability and 56% on growth.
The bankruptcy probability was computed on 28-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 85 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has risen four years in a row; 2025 is 12% above 2024 and is the highest 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.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 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% | 0.9% |
| 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 20,136 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €239,686 | €116,798 | €126,821 | €121,485 | €109,775 | €113,777 | €113,784 | = |
| Other operating charges640/8 | - | - | - | €16,098 | €8,730 | €42,372 | €23,162 | ▼ 45.3% |
| Gross operating margin9900 | €342,205 | €315,766 | €382,348 | €376,687 | €398,316 | €450,090 | €466,626 | ▲ 3.7% |
| Operating profit (loss)9901 | €92,278 | €183,226 | €236,586 | €239,104 | €279,811 | €293,940 | €329,680 | ▲ 12.2% |
| Financial income75/76B | - | - | - | €956 | €1,154 | €31,642 | €17,567 | ▼ 44.5% |
| Recurring financial income75 | €770,607 | - | - | €956 | €1,154 | €31,642 | €17,567 | ▼ 44.5% |
| Financial charges65/66B | - | - | - | €2,063 | €715 | €750 | €587 | ▼ 21.7% |
| Recurring financial charges65 | €1,685 | €1,123 | €585 | €2,063 | €715 | €750 | €587 | ▼ 21.7% |
| Profit (loss) for the period before taxes9903 | €861,199 | €182,103 | €236,001 | €237,998 | €280,250 | €324,832 | €346,660 | ▲ 6.7% |
| Income taxes67/77 | €101,869 | €63,444 | €74,769 | €75,488 | €88,618 | €104,325 | €86,665 | ▼ 16.9% |
| Profit (loss) for the period9904 | €759,329 | €118,659 | €161,232 | €162,509 | €191,631 | €220,507 | €259,995 | ▲ 17.9% |
| Profit (loss) for the period to be appropriated9905 | €759,329 | €118,659 | €161,232 | €162,509 | €191,631 | €220,507 | €259,995 | ▲ 17.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3.0m | €3.0m | €3.1m | €3.2m | €3.3m | €3.0m | €3.2m | ▲ 5.0% |
| Fixed assets21/28 | €2.6m | €2.8m | €2.7m | €2.6m | €2.3m | €2.2m | €2.1m | ▼ 5.2% |
| Tangible fixed assets22/27 | €2.2m | €2.5m | €2.4m | €2.2m | €2.3m | €2.2m | €2.1m | ▼ 5.2% |
| Land and buildings22 | - | - | - | €2.2m | €2.3m | €2.2m | €2.1m | ▼ 5.2% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.001m | €0.001m | ▼ 49.7% |
| Financial fixed assets28 | €0.3m | €0.3m | €0.3m | €0.3m | - | - | - | - |
| Current assets29/58 | €0.4m | €0.2m | €0.4m | €0.6m | €1.0m | €0.8m | €1.1m | ▲ 32.4% |
| Amounts receivable within one year40/41 | €0.3m | €0.05m | €0.06m | €0.04m | €0.1m | €0.1m | €0.1m | ▲ 17.0% |
| Trade receivables40 | - | - | - | €0.002m | €0.003m | €0.002m | €0.002m | ▼ 11.0% |
| Other amounts receivable41 | - | - | - | €0.04m | €0.1m | €0.1m | €0.1m | ▲ 17.4% |
| Current investments50/53 | - | - | - | - | €0.3m | €0.5m | €0.5m | ▲ 0.8% |
| Cash at bank and in hand54/58 | €0.09m | €0.1m | €0.3m | €0.6m | €0.5m | €0.2m | €0.4m | ▲ 125% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.002m | €0.002m | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3.0m | €3.0m | €3.1m | €3.2m | €3.3m | €3.0m | €3.2m | ▲ 5.0% |
| Equity10/15 | €2.8m | €2.9m | €3.0m | €3.2m | €3.1m | €2.6m | €2.7m | ▲ 5.5% |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €0.5m | €0.4m | €0.4m | €0.4m | = |
| Capital10 | - | - | - | €0.5m | €0.4m | €0.4m | €0.4m | = |
| Issued capital100 | - | - | - | €0.5m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €1.0m | €2.4m | €2.5m | €2.7m | €2.8m | €2.2m | €2.4m | ▲ 6.4% |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.04m | €0.04m | €0.04m | = |
| Legal reserve130 | - | - | - | €0.05m | €0.04m | €0.04m | €0.04m | = |
| Distributable reserves133 | - | - | - | €2.7m | €2.7m | €2.2m | €2.3m | ▲ 6.5% |
| Profit (loss) carried forward14 | €1.3m | - | - | - | - | - | - | - |
| Amounts payable17/49 | €0.2m | €0.1m | €0.04m | €0.03m | €0.2m | €0.4m | €0.4m | ▲ 2.3% |
| Amounts payable within one year42/48 | €0.2m | €0.1m | €0.04m | €0.03m | €0.2m | €0.4m | €0.4m | ▲ 2.3% |
| Trade debts44 | €0.001m | €0.01m | €0.02m | €0.004m | €0.003m | €0.008m | €0.001m | ▼ 86.1% |
| Suppliers440/4 | - | - | - | €0.004m | €0.003m | €0.008m | €0.001m | ▼ 86.1% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.01m | €0.04m | €0.008m | ▼ 79.3% |
| Taxes450/3 | - | - | - | - | €0.01m | €0.04m | €0.008m | ▼ 79.3% |
| Other amounts payable47/48 | - | - | - | €0.02m | €0.2m | €0.4m | €0.4m | ▲ 12.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €759,329 | €118,659 | €161,232 | €162,509 | €191,631 | €220,507 | €259,995 | ▲ 17.9% |
| + Depreciation and write-downs630 | €239,686 | €116,798 | €126,821 | €121,485 | €109,775 | €113,777 | €113,784 | = |
| Operating cash flow (approximation) | €999,016 | €235,457 | €288,053 | €283,994 | €301,406 | €334,285 | €373,779 | ▲ 11.8% |
| Investment in fixed assets (approximation) | - | -€389,750 | €0 | -€15,227 | €177,868 | -€1,480 | €0 | - |
| Change in cash | - | €19,699 | €220,495 | €271,233 | -€52,726 | -€351,147 | €242,410 | - |
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 30 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 12-02-2026 | 2026-00038458 |
| 30-09-2024 | micro format | 13-02-2025 | 2025-00034769 |
| 30-09-2023 | micro format | 11-01-2024 | 2024-00001094 |
| 30-09-2022 | abbreviated format | 09-02-2023 | 2023-00026338 |
| 30-09-2021 | abbreviated format | 10-02-2022 | 2022-05400454 |
| 30-09-2020 | abbreviated format | 28-01-2021 | 2021-02700221 |
| 30-09-2019 | abbreviated format | 06-02-2020 | 2020-04600381 |
| 30-09-2018 | abbreviated format | 17-01-2019 | 2019-01700223 |
| 30-09-2017 | abbreviated format | 01-02-2018 | 2018-04100262 |
| 30-09-2016 | abbreviated format | 26-01-2017 | 2017-02300345 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 1
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Christophe Goethals |
|
| Ilse Vandeputte |
|
| VCLJ Bedrijfsrevisoren BV |
|
Owners and capital
Capital and shareholders
- 02-10-2023 Capital increase of €300,000 · to €798,500 · 420 new shares
- 02-10-2023 Capital reduction of €436,500 · to €362,000 · “afname van het kapitaal eerder gevormd door toepassing van art.537 WIB92”
- 27-07-2023 Capital stated in the deed · €498,500 · 4,442 shares
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
99.71%
According to the annual accounts to 30-09-2022 of VANGO 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
3 connected companiesAcquisitions and mergers
1 transactionHistory
Acts, filings and financial milestones
02-10
Gazette deed
Capital & shares · Purpose · Amendment of the articles · RestructuringAppointment: VCLJ BEDRIJFSREVISOREN BV (statutory auditor) · Resignations: Christophe Goethals (director) and Ilse Vandeputte (director) · Reappointments: Christophe Goethals (director) and Ilse Vandeputte (director)57 facts ▸
- Other provision, “kosteloos, onderzoek documenten ter beschikking op zetel” (deed in Dutch)
- Other provision, “voorstel verzaking revisorverslag en verslag inbreng in natura, kosteloos verkrijgen behalve waaraan verzaakt” (deed in Dutch)
- Other provision, “bestuursorgaan betrokken vennootschappen, voorstel verzaking inlichting belangrijke wijzigingen activa en passiva” (deed in Dutch)
- Merger, “fusie door overneming, ontbinding zonder vereffening over te nemen vennootschap” (deed in Dutch)
- Capital increase
- Other provision, “vaststelling kapitaalverhoging gevolgd door kapitaalvermindering en wijziging statuten” (deed in Dutch)
- Other provision, “vaststelling eventuele bijzondere voordelen leden bestuursorgaan” (deed in Dutch)
- Other provision, “overdracht vermogen over te nemen vennootschap en algemene voorwaarden overdracht” (deed in Dutch)
- Other provision, “vaststelling daadwerkelijke verwezenlijking fusie en definitieve ontbinding overgenomen vennootschap” (deed in Dutch)
- Other provision, “aanpassing statuten aan Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Other provision, “zetel vennootschap VANGO” (deed in Dutch)
- Other provision, “bevestiging herbenoeming bestuurders overnemende vennootschap” (deed in Dutch)
- +45 further facts in this act
27-07
Gazette deed
RestructuringReal estate · Merger · Accounting effect15 facts ▸
- Other provision, 01-04-2023, “genot van overgenomen activa en passiva” (deed in Dutch)
- Real estate, “onder het actief van de overgenomen vennootschap is o.a. begrepen” (deed in Dutch)
- Other provision, 28-04-2023 (2 times)
- Merger, “fusie door overneming, ter goedkeuring voor te leggen aan respectieve buitengewone algemene vergadering van aandeelhouders” (deed in Dutch)
- Other provision, “bijzondere rechten en andere effecten” (deed in Dutch)
- Accounting effect, 01-04-2023
- Auditor report, “excl. BTW, verslag bedoeld in art. 12.26 W.V.V.” (deed in Dutch)
- Other provision, “respectieve buitengewone algemene vergaderingen van aandeelhouders van betrokken vennootschappen, goedkeuring fusievoorstel” (deed in Dutch)
- Other provision, 15-06-2023
- Incorporation, 04-07-2003
- Capital, €300,000
- Other provision, “NV Vango” (deed in Dutch)
- +3 further facts in this act
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 4 have 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 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34035A0261/00V000 | Flanders | 6,432 m² | 1 · 1,720 m² | 6.8 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De aan-en verkoop, de groot-en kleinhandel, de in-en uitvoer, zowel voor eigen rekening als voor rekening van derden, van allerlei producten…” (deed in Dutch)
2 activities (deed in Dutch)
- De aan-en verkoop, de groot-en kleinhandel, de in-en uitvoer, zowel voor eigen rekening als voor rekening van derden, van allerlei producten en/of artikelen dewelke in de handel in het algemeen verkrijgbaar zijn, zowel in de food-als in de non-foodsector, evenals babyartikelen, speelgoed, huishoudartikelen, siervoorwerpen, enzovoort.
- Het beheren van vermogens van roerende en onroerende goederen, het aankopen, verkopen, ruilen, doen bouwen, doen verbouwen, onderhouden, verhuren, huren en verkavelen van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende goederen te bevorderen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- VANGO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “De raad van bestuur bepaalt of zij alleen, dan wel gezamenlijk optreden. De gedelegeerden voor het dagelijks bestuur kunnen in het kader van…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Minimum aantal door de wet voorgeschreven, te allen tijde zonder opgave van redenen met onmiddellijke ingang” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of December at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Alle verrichtingen in wet vermeld tenzij anders bij gewone meerderheid, netto-actief in geld of effecten naar verhouding aantal aandelen na…” (deed in Dutch)