VANGUARD DECISION
ActiveVANGUARD DECISION has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €115k and a net result of €73k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 40% of 18120 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▲+18
Solvency47▲+10
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.15 against 2.13 in 2024; short-term debt: 30.3% and cash: 0.2% of total assets), but 77.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 47
higher
← 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
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
22.1%
Return on assets
14%
Age of the figures
12 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €115k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-04-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
28 d early
2023
26 d early
2022
33 d early
2021
32 d early
2020
30 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€115k▲ 172%
2024 · €42k
2018: €86k
2019: €88k
2020: €41k
2021: €50k
2022: €53k
2023: €46k
2024: €42k
2018 → 2025
Total assets
€519k▲ 53.1%
2024 · €339k
2018: €229k
2019: €172k
2020: €198k
2021: €215k
2022: €236k
2023: €264k
2024: €339k
2018 → 2025
Net result
€73k
2024 · €-3k
2018: €11k
2019: €3k
2020: €-47k
2021: €8k
2022: €3k
2023: €-7k
2024: €-3k
2018 → 2025
Working capital
€338k▲ 90.5%
2024 · €178k
2018: €56k
2019: €68k
2020: €30k
2021: €80k
2022: €112k
2023: €177k
2024: €178k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€50k-€53k▲ 6.0%€46k▼ 13.4%€42k▼ 7.3%€115k▲ 172%
Operating result€15k-€9k▼ 39.0%€-1k€-2k▼ 66.6%€-20k▼ 872%
Net result€8k-€3k▼ 63.9%€-7k€-3k▲ 52.9%€73k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20k in 2025 against €2k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €519k
Fixed assets
€24k▲ 379%
Current assets
€495k▲ 48.2%
Equity and liabilities €519k
Equity
€115k▲ 172%
Provisions
€247k▲ 76.6%
Debt
€157k▲ 0.2%
The debt ratio falls from 46.3% to 30.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-17k▼
2024 · €-3
Cash flow
€76k▲
2024 · €-1k
Solvency
22.1%▲
2024 · 12.5%
Current ratio
3.15▲
2024 · 2.13
Quick ratio
3.15▲
2024 · 2.13
Debt / equity
1.37▼
2024 · 3.71
ROE
63.2%▲
2024 · -7.8%
ROA
14.0%▲
2024 · -1.0%
Interest coverage
-1.56▼
2024 · 0.00
Debt
€157k▲
2024 · €157k
Debt ≤ 1 year
€157k▲
2024 · €157k
Income taxes
€6k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€339k€519k▲
Fixed assets21/28€5k€24k▲
Tangible fixed assets22/27€2k€21k▲
Land and buildings22€154-
Furniture and vehicles24€2k€21k▲
Financial fixed assets28€3k€3k▲
Current assets29/58€334k€495k▲
Amounts receivable after more than one year29€202k€368k▲
Other amounts receivable291€202k€368k▲
Amounts receivable within one year40/41€116k€115k▼
Trade receivables40€44k€52k▲
Other amounts receivable41€72k€63k▼
Cash at bank and in hand54/58€649€819▲
Deferred charges and accrued income490/1€16k€12k▼
Equity and liabilities
Total equity and liabilities10/49€339k€519k▲
Equity10/15€42k€115k▲
Contributions10/11€12k€12k=
Reserves13€32k€46k▲
Distributable reserves133€32k€46k▲
Profit (loss) carried forward14€-2k€56k▲
Provisions and deferred taxes16€140k€247k▲
Provisions for liabilities and charges160/5€140k€247k▲
Other liabilities and charges164/5€140k€247k▲
Amounts payable17/49€157k€157k▲
Amounts payable within one year42/48€157k€157k▲
Financial debts43€20k€20k▼
Credit institutions430/8€20k€20k▼
Trade debts44€46k€74k▲
Suppliers440/4€46k€74k▲
Taxes, remuneration and social security45€12k€9k▼
Taxes450/3€12k€9k▼
Other amounts payable47/48€78k€54k▼
Accrued charges and deferred income492/3€229-
Income statement
Code20242025
Non-recurring operating income76A€8k€275▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€57k
Other operating charges640/8€1k€387▼
Non-recurring operating charges66A€5k€453▼
Gross operating margin9900€6k€41k▲
Operating profit (loss)9901€-2k€-20k▼
Financial income75/76B€9k€110k▲
Recurring financial income75€9k€110k▲
Financial charges65/66B€9k€11k▲
Recurring financial charges65€9k€11k▲
Profit (loss) for the period before taxes9903€-2k€78k▲
Income taxes67/77€1k€6k▲
Profit (loss) for the period9904€-3k€73k▲
Profit (loss) for the period to be appropriated9905€-3k€73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€70k▲
Profit (loss) brought forward from the previous period14P€1k€-2k▼
Transfer to equity691/2-€14k
To other reserves6921-€14k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €73k
Net result €73k after 2 loss-making years.
30-09
Financial
Equity above €100kEq €115k ▲172%
Equity rises from €42k to €115k.
02-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-05
State Gazette act
Board meeting · Power of attorney
04-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €-47k ▼1764%
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 acts for this company are 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, Machelen (Brab.) · 2 establishment units since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
De Kleetlaan 5BC1831 Machelen (Brab.)Ground area
1.9 ha
Building footprint
3,100 m²
Volume, LiDAR
62,018 m³
2 parcels, Flanders, Wallonia · tallest building 26.1 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
Vanguard Decision
since 20002.094.992.241
Vanguard Decision
since 20162.250.010.614
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763M0621/00F000indicative | Wallonia | 1.0 ha | 1 · 1,772 m² | 22.9 m · 6 fl. |
| 23015B0091/00Z003 | Flanders | 8,805 m² | 1 · 1,328 m² | 26.1 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
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Of 3,225 companies in sector 47400 we hold annual accounts for 1,807. 1,443 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-07-2000
Fiscal year end30-09
Activities, NACEBEL
47400Retail sale of information and communication equipment
47410Retail trade
62010Computer programming, consultancy and related activities
62020IT consultancy
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.