Equity
-€13,513
Debts exceed assets in financial year 2025.
VANGROU
Lifetime
20 annual accounts with figures on one time axis, 29 filings since 1996peak €354,769 (2025)
€354,769▲ 0.6%
lowest -€19,900 (2022)
€63,343▼ 8.6%
peak €151,715 (2007)
-€13,513▲ €1,343
€336,771▼ 6.9%
peak 6.1 FTE (2025)
6.1 FTE▲ 3.4%
Board2 names since 2002
2 directorsDeltour Franky and 1 other
Documentsfilings and deeds
24-08-202624 days late
2025abbreviated format
Dividend €62,000
Key points
from the 2025 annual accountsTurnover
≈ €1.5m estimated
The accounts state no turnover.
Debts
€336,771 104% of the balance sheet
Financial debts 10%Suppliers 58%Taxes and wages 8%Other 24%
€13,334 of the debts are secured on the company's own assets. In 2024 that was €16,900.
Staff
8 employees on 31-12-2025
In 2025, 4 people joined and 2 left.
Filings
29 annual accounts since 1996
Two of the last ten came late. The 2025 accounts came latest: 24 days after the end of the period.
Position in the sector
-€13,513
Less equity than 88% of companies in retail trade. Sector median €235,861 · 12,863 companies.
Checked score
55
Fair
Financially stronger than 48% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.8%▼ -0.1 percentage points vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.9%▲ +0.1 percentage points vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.8%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: 1.0%▲ +0.2 percentage points vs 06-2025
08-2025: 1.5%▲ +0.5 percentage points vs 07-2025
09-2025: 1.3%▼ -0.2 percentage points vs 08-2025
10-2025: 1.3%● unchanged vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.2%▼ -0.1 percentage points vs 01-2026
03-2026: 1.1%▼ -0.1 percentage points vs 02-2026
04-2026: 1.2%▲ +0.1 percentage points vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.1%▼ -0.1 percentage points vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 1.5%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 1.1%▼ -0.4 percentage points vs 08-2026
10-2026: 1.1%● unchanged vs 09-2026
11-2026: 1.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€13,513
Sector: Retail trade (NACE 47)
lowers risk
Founded in 1995
Liquidity: current ratio 0.71, cash €84,026
Calculation
The band follows from the bankruptcy probability. 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 47, micro). It does better than 18% of them on solvency, 30% on liquidity, 87% on profitability and 59% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,794 companies had the same profile as VANGROU has now. Each dot stands for 10 companies, two years later.
91.5%
were still trading
5.3%
stopped another way
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VANGROU itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,794 companies, not a prediction for VANGROU. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.71 (0.72 in 2024), below 1. Short-term debt is 93.2% and cash 26% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 12853 sector peers (2025).
NBB · sector comparisonPosition among 12853 sector peers
Solvency
better than 13%
← weakest
strongest →
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
24 days late
2024
19 days late
2023
42 days early
2022
39 days early
2021
37 days early
2020
23 days early
2019
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 18 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 June (4 of the last 5 accounts filed within 56 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0454876847
First establishment
Kortrijksestraat 93, Kortrijk
Incorporation
published on 20-04-1995 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VANGROU Ingelmunster | €323,258 | €354,769 | -4.2% | 6.1 |
| MOLLE Binche | €325,469 | €329,234 | 56.0% | 7.2 |
| VERBIEST Tienen | €428,653 | €371,030 | 41.7% | 5.7 |
| VAN HOOF GERRIT Begijnendijk | €344,223 | €303,668 | 42.6% | 4.8 |
| ALRAET Aalter | €280,006 | €396,648 | -30.1% | 7.5 |
| ANDRE Frères Liège | €456,581 | €383,981 | 79.0% | 6.2 |
| VAN DEN BERGE QUALITY FOOD SERVICES Jette | €431,469 | €406,087 | -23.3% | 6.9 |
These companies have the same main activity as VANGROU: retail sale of meat and meat products, excluding game and poultry (NACE 47221). They are comparable in size and age: total assets between €280,000 and €457,000, founded between 1988 and 1999.
Official details
Source: KBO- Status
- Active since 27-03-1995Normal situation
- Activity
- Retail sale of meat and meat products, excluding game and poultryNACE 47221
- Joint committees
- 201Independent retail
- 119Food trade · annual accounts 2025
- Establishment unit
- 2.071.436.2858501 Kortrijk, since 21-06-1995
- Financial year end
- 31 December
- Peppol
- Reachable since 30-09-2025
Insights on VANGROU
VANGROU files the abbreviated format. That format states no turnover. The gross margin rose from €184,642 in 2006 to €354,769 in 2025.
The balance sheet grew most from 2023 to 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VANGROU
- What is the company number of VANGROU?
- The company number of VANGROU is 0454.876.847. The VAT number is the same number with BE in front: BE 0454.876.847.
- Where is VANGROU based?
- The registered office is at Nijverheidstraat 2, 8770 Ingelmunster.Company details
- What does VANGROU do?
- According to the KBO register, the main activity is retail sale of meat and meat products, excluding game and poultry (NACE 47221).
- What is the legal form of VANGROU?
- VANGROU is a private limited company (pre-2019) (BVBA).
- When was VANGROU founded?
- VANGROU was founded on 27-03-1995.
- Is VANGROU still active?
- Yes, VANGROU is an active enterprise in the KBO register.
- How many employees does VANGROU have?
- VANGROU had an average of 6.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VANGROU fall under?
- In its 2025 annual accounts, VANGROU states joint committees 201 (Independent retail) and 119 (Food trade).
- What is the turnover of VANGROU?
- The turnover in financial year 2025 is ≈ €1.5m. This figure is estimated from the gross margin of €354,769 and 48 comparable companies (NACE 472). It probably lies between €1.0m and €2.4m.
- Is VANGROU profitable?
- In financial year 2025, VANGROU made a profit of €63,343.
- Where can I find the annual accounts of VANGROU?
- VANGROU filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VANGROU due?
- VANGROU must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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