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VANICO MANAGEMENT

Active
Private limited companyfounded 20223 yrs activeRue de la Royale Harmonie 16, 1420 Braine-l'Alleud, BelgiumKBO/BCE: BE 0792.815.147
Summary

VANICO MANAGEMENT has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €29,702 and a net result of €14,928. Equity is growing by ~76% per year across the filed fiscal years. Its solvency ranks better than 42% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100=
Solvency75▼-7
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 1.9 against 2.19 in 2023; short-term debt: 50.5% and cash: 3.9% of total assets), but 50.5% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2024
Solvency, return and age of the figures
Solvency
49.5%
Return on assets
24.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
37 d early
2023
44 d early
2022
8 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 24 October 2022, VANICO MANAGEMENT was incorporated as a Private limited company.1 Total assets went from EUR 10,416 in 2022 to EUR 59,997 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€29,702▲ 90.3%
2023 · €15,607
Total assets
€59,997▲ 119%
2023 · €27,426
Net result
€14,928▲ 42.8%
2023 · €10,453
Working capital
€27,166▲ 92.8%
2023 · €14,087
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result€6,452-€16,254▲ 152%€20,404▲ 25.5%
Net result€4,587within the sector's middle half-€10,453within the sector's middle half▲ 128%€14,928within the sector's middle half▲ 42.8%
Equity€5,987below the sector's middle half-€15,607below the sector's middle half▲ 161%€29,702within the sector's middle half▲ 90.3%
Total assets€10,416below the sector's middle half-€27,426below the sector's middle half▲ 163%€59,997below the sector's middle half▲ 119%
Debt€4,429-€11,819▲ 167%€30,295▲ 156%
Working capital€5,987-€14,087▲ 135%€27,166▲ 92.8%
Solvency57.5%within the sector's middle half-56.9%within the sector's middle half▼ 0.6pp49.5%within the sector's middle half▼ 7.4pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000Operating result 2022: €6,452€6,452Net result 2022: €4,587€4,587Operating result 2023: €16,254€16,254Net result 2023: €10,453€10,453Operating result 2024: €20,404€20,404Net result 2024: €14,928€14,928202220232024€0€10,000€20,000Operating result 2022: €6,452€6,450Net result 2022: €4,587€4,590Operating result 2023: €16,254€16,300Net result 2023: €10,453€10,500Operating result 2024: €20,404€20,400Net result 2024: €14,928€14,900202220232024
The operating result has risen two years in a row; 2024 is 26% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €59,997
Fixed assets €2,536 ▲ 66.8%
Current assets €57,461 ▲ 122%
Equity and liabilities €59,997
Equity €29,702 ▲ 90.3%
Debt €30,295 ▲ 156%
Debt's share of the balance-sheet total rises from 43.1% to 50.5%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€20,675▲
2023 · €16,381
Cash flow
€15,199▲
2023 · €10,581
Current ratio
1.90▼
2023 · 2.19
Debt to equity
1.02▲
2023 · 0.76
ROE
50.3%▼
2023 · 67.0%
ROA
24.9%▼
2023 · 38.1%
Interest coverage
153.95▼
2023 · 3640.30
Debt ≤ 1 year
€30,295▲
2023 · €11,819
Income taxes
€5,947▲
2023 · €5,796
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 39,275 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€27,426€59,997▲
Fixed assets21/28€1,520€2,536▲
Tangible fixed assets22/27€1,520€2,536▲
Furniture and vehicles24-€1,180
Other tangible fixed assets26€1,520€1,355▼
Current assets29/58€25,906€57,461▲
Amounts receivable within one year40/41€2,685€53,528▲
Trade receivables40€1,177€31,868▲
Other amounts receivable41€1,508€21,660▲
Cash at bank and in hand54/58€22,367€2,329▼
Deferred charges and accrued income490/1€854€1,605▲
Equity and liabilities
Total equity and liabilities10/49€27,426€59,997▲
Equity10/15€15,607€29,702▲
Contributions10/11€3,000€3,000=
Reserves13€12,607€12,607=
Distributable reserves133€12,607€12,607=
Profit (loss) carried forward14-€14,095
Amounts payable17/49€11,819€30,295▲
Amounts payable within one year42/48€11,819€30,295▲
Trade debts44€519€12,454▲
Suppliers440/4€519€12,454▲
Taxes, remuneration and social security45€8,787€17,008▲
Taxes450/3€8,287€16,084▲
Remuneration and social security454/9€500€924▲
Other amounts payable47/48€2,513€833▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€128€271▲
Other operating charges640/8€364€594▲
Gross operating margin9900€16,745€21,269▲
Operating profit (loss)9901€16,254€20,404▲
Financial income75/76B-€605
Recurring financial income75-€605
Financial charges65/66B€5€134▲
Recurring financial charges65€5€134▲
Profit (loss) for the period before taxes9903€16,249€20,875▲
Income taxes67/77€5,796€5,947▲
Profit (loss) for the period9904€10,453€14,928▲
Profit (loss) for the period to be appropriated9905€10,453€14,928▲
Appropriation of the result
Profit (loss) to be appropriated9906€10,453€14,928▲
Transfer to equity691/2€9,620-
To other reserves6921€9,620-
Profit to be distributed694/7€833€833=
Return on contributions (dividend)694€833€833=

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€128€271▲ 112%
Other operating charges640/8-€364€594▲ 63.1%
Gross operating margin9900€6,452€16,745€21,269▲ 27.0%
Operating profit (loss)9901€6,452€16,254€20,404▲ 25.5%
Financial income75/76B--€605-
Recurring financial income75--€605-
Financial charges65/66B-€5€134▲ 2,884%
Recurring financial charges65-€5€134▲ 2,884%
Profit (loss) for the period before taxes9903€6,452€16,249€20,875▲ 28.5%
Income taxes67/77€1,865€5,796€5,947▲ 2.6%
Profit (loss) for the period9904€4,587€10,453€14,928▲ 42.8%
Profit (loss) for the period to be appropriated9905€4,587€10,453€14,928▲ 42.8%
Line202220232024Change
Assets
Total assets20/58€10,416€27,426€59,997▲ 119%
Fixed assets21/28-€1,520€2,536▲ 66.8%
Tangible fixed assets22/27-€1,520€2,536▲ 66.8%
Furniture and vehicles24--€1,180-
Other tangible fixed assets26-€1,520€1,355▼ 10.8%
Current assets29/58€10,416€25,906€57,461▲ 122%
Amounts receivable within one year40/41€993€2,685€53,528▲ 1,894%
Trade receivables40€540€1,177€31,868▲ 2,609%
Other amounts receivable41€452€1,508€21,660▲ 1,336%
Cash at bank and in hand54/58€9,424€22,367€2,329▼ 89.6%
Deferred charges and accrued income490/1-€854€1,605▲ 87.9%
Equity and liabilities
Total equity and liabilities10/49€10,416€27,426€59,997▲ 119%
Equity10/15€5,987€15,607€29,702▲ 90.3%
Contributions10/11€3,000€3,000€3,000=
Reserves13€2,987€12,607€12,607=
Distributable reserves133€2,987€12,607€12,607=
Profit (loss) carried forward14--€14,095-
Amounts payable17/49€4,429€11,819€30,295▲ 156%
Amounts payable within one year42/48€4,429€11,819€30,295▲ 156%
Trade debts44-€519€12,454▲ 2,300%
Suppliers440/4-€519€12,454▲ 2,300%
Taxes, remuneration and social security45€2,115€8,787€17,008▲ 93.5%
Taxes450/3€1,865€8,287€16,084▲ 94.1%
Remuneration and social security454/9€250€500€924▲ 84.8%
Other amounts payable47/48€2,315€2,513€833▼ 66.9%
Line202220232024Change
Profit (loss) for the period9904€4,587€10,453€14,928▲ 42.8%
+ Depreciation and write-downs630-€128€271▲ 112%
Operating cash flow (approximation)€4,587€10,581€15,199▲ 43.6%
Investment in fixed assets (approximation)---€1,287-
Change in cash-€12,944-€20,039▼ 255%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
24-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2022net €14,928 ▲42.8%
Operating result €20,404, net result €14,928, both a record.
17-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
23-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
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, Braine-l'Alleud · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
698 m²
Building footprint
107 m²
Volume, LiDAR
609 m³
Parcel 25014N0775/00R009, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VANICO MANAGEMENT
Rue de la Royale Harmonie 16, 1420 Braine-l'AlleudFinancial service activities, except insurance and pension funding
since 20222.337.615.767
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25014N0775/00R009 Wallonia 698 m² 1 · 107 m² 7.5 m · 2 fl.
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.

Recognitions · licences · registrations

Legal Entity Identifier

9845007DCP5C8A1BF617
live in the LEI register

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 34,443 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
Founded24-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
70100Activities of head offices
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID 0208:0792815147
Also 9925:BE0792815147
Registered 06-05-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.