VANGROU
ActiveSummary
VANGROU has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-14k) and a net result of €63k. Equity is shrinking by ~34.6% per year across the filed fiscal years. Its solvency ranks better than 12% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▼-1
Solvency21=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.71 against 0.72 in 2024; short-term debt: 93.2% and cash: 26% of total assets), and equity is negative.
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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-4.2%
Return on assets
19.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 10407 sector peers (2025).
NBB · sector comparisonPosition among 10407 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
19 d late
2023
42 d early
2022
39 d early
2021
37 d early
2020
23 d early
2019
25 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, abbreviated schema
Equity
€-14k▲ 9.0%
2024 · €-15k
2018: €17k
2019: €17k▲ +2.2% vs 2018
2020: €16k▼ -4.4% vs 2019
2021: €18k▲ +9.4% vs 2020highest in 8 years
2022: €-2k▼ -111% vs 2021
2023: €-16k▼ -727% vs 2022lowest in 8 years
2024: €-15k▲ +8.0% vs 2023
2025: €-14k▲ +9.0% vs 2024
2018 → 2025
Total assets
€323k▼ 6.8%
2024 · €347k
2018: €184k
2019: €171k▼ -6.9% vs 2018
2020: €274k▲ +59.6% vs 2019
2021: €259k▼ -5.4% vs 2020
2022: €159k▼ -38.7% vs 2021lowest in 8 years
2023: €307k▲ +93.4% vs 2022
2024: €347k▲ +13.1% vs 2023highest in 8 years
2025: €323k▼ -6.8% vs 2024
2018 → 2025
Net result
€63k▼ 8.6%
2024 · €69k
2018: €31k
2019: €13k▼ -58.9% vs 2018
2020: €89k▲ +594% vs 2019highest in 8 years
2021: €72k▼ -19.8% vs 2020
2022: €-20k▼ -128% vs 2021lowest in 8 years
2023: €-14k▲ +28.7% vs 2022
2024: €69k▲ +588% vs 2023
2025: €63k▼ -8.6% vs 2024
2018 → 2025
Working capital
€-89k▼ 5.7%
2024 · €-84k
2018: €-1k
2019: €7k▲ +799% vs 2018
2020: €14k▲ +92.8% vs 2019highest in 8 years
2021: €2k▼ -83.0% vs 2020
2022: €-19k▼ -903% vs 2021
2023: €-93k▼ -382% vs 2022lowest in 8 years
2024: €-84k▲ +9.8% vs 2023
2025: €-89k▼ -5.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€-2k€-16k▼ 727%€-15k▲ 8.0%€-14k▲ 9.0%
2021: €18khighest in 5 years
2022: €-2k▼ -111% vs 2021
2023: €-16k▼ -727% vs 2022lowest in 5 years
2024: €-15k▲ +8.0% vs 2023
2025: €-14k▲ +9.0% vs 2024
Operating result€90k-€-20k€-12k▲ 37.0%€87k€80k▼ 7.2%
2021: €90khighest in 5 years
2022: €-20k▼ -122% vs 2021lowest in 5 years
2023: €-12k▲ +37.0% vs 2022
2024: €87k▲ +800% vs 2023
2025: €80k▼ -7.2% vs 2024
Net result€72k-€-20k€-14k▲ 28.7%€69k€63k▼ 8.6%
2021: €72khighest in 5 years
2022: €-20k▼ -128% vs 2021lowest in 5 years
2023: €-14k▲ +28.7% vs 2022
2024: €69k▲ +588% vs 2023
2025: €63k▼ -8.6% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €323k
Fixed assets
€111k ▼ 16.9%
Current assets
€213k ▼ 0.6%
Key figures and ratios
EBITDA
€122k▼
2024 · €127k
Cash flow
€105k▼
2024 · €110k
Solvency
-4.2%▲
2024 · -4.3%
Current ratio
0.71▼
2024 · 0.72
Quick ratio
0.55▼
2024 · 0.57
Debt to equity
-24.92▼
2024 · -24.36
ROA
19.6%▼
2024 · 20.0%
Interest coverage
34.20▲
2024 · 28.05
Debt
€337k▼
2024 · €362k
Debt ≤ 1 year
€301k▲
2024 · €298k
Debt > 1 year
€35k▼
2024 · €63k
Income taxes
€18k▲
2024 · €16k
Staff costs
€230k▲
2024 · €223k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€347k€323k▼
Fixed assets21/28€133k€111k▼
Tangible fixed assets22/27€133k€111k▼
Plant, machinery and equipment23€105k€93k▼
Furniture and vehicles24€26k€16k▼
Other tangible fixed assets26€2k€2k▼
Current assets29/58€214k€213k▼
Stocks and contracts in progress3€45k€48k▲
Stocks30/36€45k€48k▲
Amounts receivable within one year40/41€63k€80k▲
Trade receivables40€61k€59k▼
Other amounts receivable41€3k€21k▲
Cash at bank and in hand54/58€104k€84k▼
Deferred charges and accrued income490/1€1k€277▼
Equity and liabilities
Total equity and liabilities10/49€347k€323k▼
Equity10/15€-15k€-14k▲
Contributions10/11€8k€8k=
Reserves13€10k€10k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€6k€6k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-33k€-31k▲
Amounts payable17/49€362k€337k▼
Amounts payable after more than one year17€63k€35k▼
Financial debts170/4€63k€35k▼
Amounts payable within one year42/48€298k€301k▲
Current portion of amounts payable after more than one year42€29k€29k▲
Trade debts44€177k€196k▲
Suppliers440/4€177k€196k▲
Taxes, remuneration and social security45€24k€26k▲
Taxes450/3€2k€2k▲
Remuneration and social security454/9€22k€24k▲
Other amounts payable47/48€68k€50k▼
Accrued charges and deferred income492/3€650€800▲
Income statement
Code20242025
Non-recurring operating income76A-€3k
Remuneration, social security and pensions62€223k€230k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€42k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€353k€355k▲
Operating profit (loss)9901€87k€80k▼
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€85k€81k▼
Income taxes67/77€16k€18k▲
Profit (loss) for the period9904€69k€63k▼
Profit (loss) for the period to be appropriated9905€69k€63k▼
Appropriation of the result
Profit (loss) to be appropriated9906€35k€31k▼
Profit (loss) brought forward from the previous period14P€-34k€-33k▲
Profit to be distributed694/7€68k€62k▼
Return on contributions (dividend)694€68k€62k▼
Social balance
Average headcount (FTE)90875.96.1▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €6k | €0 | - | - | €3k | - |
| Remuneration, social security and pensions62 | €126k | €131k | €152k | €223k | €230k | ▲ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €7k | €19k | €41k | €42k | ▲ 3.2% |
| Other operating charges640/8 | €2k | €1k | €1k | €2k | €3k | ▲ 26.1% |
| Gross operating margin9900 | €222k | €119k | €160k | €353k | €355k | ▲ 0.6% |
| Operating profit (loss)9901 | €90k | €-20k | €-12k | €87k | €80k | ▼ 7.2% |
| Financial income75/76B | €0 | - | €0 | €3k | €5k | ▲ 52.4% |
| Recurring financial income75 | €0 | - | €0 | €3k | €5k | ▲ 52.4% |
| Financial charges65/66B | €200 | €273 | €2k | €5k | €4k | ▼ 21.2% |
| Recurring financial charges65 | €200 | €273 | €2k | €5k | €4k | ▼ 21.2% |
| Profit (loss) for the period before taxes9903 | €90k | €-20k | €-14k | €85k | €81k | ▼ 4.3% |
| Income taxes67/77 | €19k | €0 | €213 | €16k | €18k | ▲ 14.6% |
| Profit (loss) for the period9904 | €72k | €-20k | €-14k | €69k | €63k | ▼ 8.6% |
| Profit (loss) for the period to be appropriated9905 | €72k | €-20k | €-14k | €69k | €63k | ▼ 8.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €259k | €159k | €307k | €347k | €323k | ▼ 6.8% |
| Fixed assets21/28 | €28k | €22k | €152k | €133k | €111k | ▼ 16.9% |
| Tangible fixed assets22/27 | €28k | €22k | €152k | €133k | €111k | ▼ 16.9% |
| Plant, machinery and equipment23 | €0 | - | €134k | €105k | €93k | ▼ 11.6% |
| Furniture and vehicles24 | €27k | €21k | €15k | €26k | €16k | ▼ 38.6% |
| Other tangible fixed assets26 | €1k | €699 | €3k | €2k | €2k | ▼ 11.9% |
| Current assets29/58 | €231k | €137k | €155k | €214k | €213k | ▼ 0.6% |
| Stocks and contracts in progress3 | €23k | €33k | €53k | €45k | €48k | ▲ 6.3% |
| Stocks30/36 | €23k | €33k | €53k | €45k | €48k | ▲ 6.3% |
| Amounts receivable within one year40/41 | €71k | €84k | €91k | €63k | €80k | ▲ 26.4% |
| Trade receivables40 | €58k | €45k | €69k | €61k | €59k | ▼ 2.4% |
| Other amounts receivable41 | €12k | €40k | €22k | €3k | €21k | ▲ 666% |
| Cash at bank and in hand54/58 | €135k | €17k | €8k | €104k | €84k | ▼ 19.2% |
| Deferred charges and accrued income490/1 | €2k | €3k | €3k | €1k | €277 | ▼ 75.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €259k | €159k | €307k | €347k | €323k | ▼ 6.8% |
| Equity10/15 | €18k | €-2k | €-16k | €-15k | €-14k | ▲ 9.0% |
| Contributions10/11 | €8k | €8k | €8k | €8k | €8k | = |
| Reserves13 | €10k | €10k | €10k | €10k | €10k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €0 | €-20k | €-34k | €-33k | €-31k | ▲ 4.1% |
| Amounts payable17/49 | €241k | €161k | €323k | €362k | €337k | ▼ 6.9% |
| Amounts payable after more than one year17 | €13k | €4k | €75k | €63k | €35k | ▼ 45.4% |
| Financial debts170/4 | €13k | €4k | €75k | €63k | €35k | ▼ 45.4% |
| Amounts payable within one year42/48 | €228k | €156k | €248k | €298k | €301k | ▲ 1.2% |
| Current portion of amounts payable after more than one year42 | €8k | €8k | €29k | €29k | €29k | ▲ 0.7% |
| Trade debts44 | €132k | €131k | €199k | €177k | €196k | ▲ 10.9% |
| Suppliers440/4 | €132k | €131k | €199k | €177k | €196k | ▲ 10.9% |
| Taxes, remuneration and social security45 | €18k | €17k | €20k | €24k | €26k | ▲ 8.8% |
| Taxes450/3 | €4k | €4k | €5k | €2k | €2k | ▲ 7.3% |
| Remuneration and social security454/9 | €14k | €12k | €15k | €22k | €24k | ▲ 8.9% |
| Other amounts payable47/48 | €70k | €327 | €327 | €68k | €50k | ▼ 26.3% |
| Accrued charges and deferred income492/3 | - | - | - | €650 | €800 | ▲ 23.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72k | €-20k | €-14k | €69k | €63k | ▼ 8.6% |
| + Depreciation and write-downs630 | €4k | €7k | €19k | €41k | €42k | ▲ 3.2% |
| Operating cash flow (approximation) | €76k | €-13k | €5k | €110k | €105k | ▼ 4.2% |
| Investment in fixed assets (approximation) | - | €0 | €-150k | €-22k | €-20k | ▲ 10.6% |
| Change in cash | - | €-118k | €-9k | €96k | €-20k | ▼ 121% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 19 days late
2024
31-12
Financial
Back to profitnet €69k
Net result €69k after 2 loss-making years.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €89k ▲594%
Operating result €114k, net result €89k, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Ingelmunster · 1 establishment unit since 1995
Ground area
2,571 m²
Building footprint
304 m²
Volume, LiDAR
2,242 m³
2 parcels, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
VANGROU
since 19952.071.436.285
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007B0950/00C004 | Flanders | 2,049 m² | 1 · 156 m² | 11.1 m · 2 fl. |
| 34016C0292/00T009 | Flanders | 522 m² | 1 · 147 m² | 12.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2024 to 2025 · 2 entries · 557 EUR awarded · 557 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 375 EUR | 375 EUR |
| 2024 | 1 | 182 EUR | 182 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteKortrijk2.071.436.285
Dual-learning approval
1 live approvalSlagerij duaal (so)
Similar companies · same sector, comparable size
Ambachtelijke Slagerij Houben
BE 1000.949.730
Maaseik · Eq €17,951
AB Retailing Belgium
BE 0688.842.530
Sint-Gillis (bij-Brussel) · Eq €17,840
CARRIER FRERES
BE 0673.549.588
Villers-le-Bouillet · Eq €17,819
CHIODO
BE 0563.777.460
Dilbeek · Eq €18,081
PEJ
BE 0793.477.915
Walcourt · Eq €18,248
Of 3,043 companies in sector 47221 we hold annual accounts for 1,564. 982 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)
Founded27-03-1995
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
Scores and ratios are computed by Checked and are not a credit decision.