VANGRID
ActiveSummary
For VANGRID, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €166k and a net result of €88k. Equity is growing by ~65.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 8568 sector peers (fiscal year 2023). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability100=
Solvency80▲+13
Growth79▼-3
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
54.6%
Return on assets
28.9%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 04-05-2025, 277 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
277 d late
2022
93 d late
2021
454 d late
2020
87 d late
2019
171 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2023, micro schema
Turnover
€154k▲ 3.4%
2022 · €149k
EBIT margin
79.0%▼ 3.0pp
2022 · 82.0%
Net result
€88k▲ 7.0%
2022 · €82k
Working capital
€219k▲ 97.6%
2022 · €111k
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
Line20192020202120222023
Turnover€97k▲ 23.2%€128k▲ 31.6%€135k▲ 5.4%€149k▲ 10.1%€154k▲ 3.4%
Operating result€55k▲ 37.6%€98k▲ 78.7%€97k▼ 1.0%€122k▲ 25.4%€121k▼ 0.5%
Net result€55k▲ 38.6%€98k▲ 78.8%€97k▼ 1.0%€82k▼ 15.3%€88k▲ 7.0%
EBIT margin56.5%▲ 5.9pp76.7%▲ 20.2pp72.0%▼ 4.7pp82.0%▲ 10.0pp79.0%▼ 3.0pp
Equity€-200k▲ 21.6%€-102k▲ 49.2%€-4k▲ 95.7%€78k€166k▲ 113%
Total assets€69k▼ 33.5%€131k▲ 89.6%€52k▼ 60.5%€186k▲ 260%€305k▲ 63.4%
Debt€269k▼ 25.0%€232k▼ 13.6%€56k▼ 75.9%€108k▲ 93.2%€138k▲ 27.8%
Working capital€31k▲ 121%€106k▲ 246%€37k▼ 65.4%€111k▲ 202%€219k▲ 97.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 0% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €305k
Fixed assets
€8k ▼ 47.2%
Current assets
€297k ▲ 72.8%
Equity and liabilities €305k
Equity
€166k ▲ 113%
Debt
€138k ▲ 27.8%
Debt's share of the balance-sheet total falls from 58.1% to 45.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€128k▼
2022 · €129k
Cash flow
€95k▲
2022 · €90k
Current ratio
3.83▲
2022 · 2.82
Debt to equity
0.83▼
2022 · 1.39
ROE
53.0%▼
2022 · 105.6%
ROA
28.9%▼
2022 · 44.2%
Interest coverage
1191.26▼
2022 · 1560.27
Debt ≤ 1 year
€77k▲
2022 · €61k
Debt > 1 year
€47k=
2022 · €47k
Income taxes
€33k▼
2022 · €40k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €97k | €128k | €135k | €149k | €154k | ▲ 3.4% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €47k | €43k | €52k | ▲ 20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €14k | €13k | €7k | €7k | ▼ 6.3% |
| Other operating charges640/8 | - | - | €767 | €794 | €3k | ▲ 286% |
| Gross operating margin9900 | €69k | €115k | €111k | €130k | €131k | ▲ 0.9% |
| Operating profit (loss)9901 | €55k | €98k | €97k | €122k | €121k | ▼ 0.5% |
| Recurring financial income75 | - | €0 | - | - | - | - |
| Financial charges65/66B | - | - | €83 | €83 | €108 | ▲ 29.9% |
| Recurring financial charges65 | €73 | €77 | €83 | €83 | €108 | ▲ 29.9% |
| Profit (loss) for the period before taxes9903 | €55k | €98k | €97k | €122k | €121k | ▼ 0.5% |
| Income taxes67/77 | - | - | - | €40k | €33k | ▼ 16.1% |
| Profit (loss) for the period9904 | €55k | €98k | €97k | €82k | €88k | ▲ 7.0% |
| Profit (loss) for the period to be appropriated9905 | €55k | €98k | €97k | €82k | €88k | ▲ 7.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €69k | €131k | €52k | €186k | €305k | ▲ 63.4% |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €31k | €18k | €6k | €15k | €8k | ▼ 47.2% |
| Intangible fixed assets21 | - | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €31k | €18k | €6k | €15k | €8k | ▼ 47.2% |
| Land and buildings22 | - | - | €0 | €0 | - | - |
| Plant, machinery and equipment23 | - | - | €5k | €8k | €4k | ▼ 46.7% |
| Furniture and vehicles24 | - | - | €1k | €6k | €3k | ▼ 47.8% |
| Current assets29/58 | €38k | €112k | €45k | €172k | €297k | ▲ 72.8% |
| Amounts receivable within one year40/41 | €63 | €63 | €2k | €126k | €253k | ▲ 101% |
| Trade receivables40 | - | - | €2k | €2k | €7k | ▲ 305% |
| Other amounts receivable41 | - | - | €63 | €124k | €246k | ▲ 98.4% |
| Cash at bank and in hand54/58 | €15k | €89k | €20k | €23k | €20k | ▼ 11.1% |
| Deferred charges and accrued income490/1 | - | - | €23k | €23k | €23k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €69k | €131k | €52k | €186k | €305k | ▲ 63.4% |
| Equity10/15 | €-200k | €-102k | €-4k | €78k | €166k | ▲ 113% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €12k | €12k | €12k | €12k | €12k | = |
| Non-distributable reserves130/1 | - | - | €1k | €1k | €1k | = |
| Reserves not available under the articles1311 | - | - | €1k | €1k | €1k | = |
| Distributable reserves133 | - | - | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €-224k | €-126k | €-29k | €54k | €142k | ▲ 164% |
| Amounts payable17/49 | €269k | €232k | €56k | €108k | €138k | ▲ 27.8% |
| Amounts payable after more than one year17 | €261k | €226k | €47k | €47k | €47k | = |
| Financial debts170/4 | - | - | €47k | €47k | €47k | = |
| Amounts payable within one year42/48 | €8k | €6k | €9k | €61k | €77k | ▲ 27.4% |
| Trade debts44 | €786 | €2k | €2k | €2k | €5k | ▲ 134% |
| Suppliers440/4 | - | - | €2k | €2k | €5k | ▲ 134% |
| Taxes, remuneration and social security45 | - | - | €6k | €59k | €73k | ▲ 23.8% |
| Taxes450/3 | - | - | €6k | €59k | €73k | ▲ 23.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €13k | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55k | €98k | €97k | €82k | €88k | ▲ 7.0% |
| + Depreciation and write-downs630 | €13k | €14k | €13k | €7k | €7k | ▼ 6.3% |
| Operating cash flow (approximation) | €68k | €112k | €110k | €90k | €95k | ▲ 5.9% |
| Investment in fixed assets (approximation) | - | €-2k | €-991 | €-15k | €0 | ▲ 100% |
| Change in cash | - | €74k | €-69k | €2k | €-3k | ▼ 203% |
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
2025
04-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 277 days late
2023
31-12
Financial
Equity above €150kEq €166k ▲113%
6 profitable years in a row build equity to €166k.
01-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 93 days late
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 454 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
18-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 171 days late
2020
31-12
Financial
Highest result since 2018net €98k ▲78.8%
Net result €98k, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 18.03
Current ratio from 4.94 to 18.03; short-term debt falls from €8k to €6k.
19-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 172 days late
2019
31-12
Financial
Liquidity quadruplescurrent ratio 4.94
Current ratio from 1.29 to 4.94; short-term debt falls from €47k to €8k.
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 56 days late
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 354 days late
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 718 days late
2015
10-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 71 days late
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, Oostkamp · 1 establishment unit since 2001
Ground area
43 m²
Parcel 31403H0908/00X000, Flanders. Linked by address, not a title deed.
1 establishment unit
Vangrid
since 20012.100.239.644
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31403H0908/00X000 | Flanders | 43 m² | - | - |
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 410 EUR awarded · 410 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 410 EUR | 410 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,220 companies in sector 82100 we hold annual accounts for 3,511. 2,536 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 (pre-2019)
Founded27-03-2001
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.