VANLEM
ActiveSummary
The computed 12-month bankruptcy probability of VANLEM is 2.6% (moderate). For VANLEM, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€224,957) and a net result of -€30,316. Equity is shrinking by ~7% per year across the filed fiscal years. Its solvency ranks better than 5% of 33680 sector peers (fiscal year 2023). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
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
Profitability0▼-6
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
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○neutral
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
Return on assets
-175.3%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 · 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 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 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
not confirmed
2024
not filed
2023
61 d late
2022
303 d late
2021
620 d late
2020
30 d late
2019
117 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 226 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
-€224,957▼ 15.6%
2022 · -€194,641
Total assets
€17,294▼ 79.3%
2022 · €83,615
Net result
-€30,316▼ 226%
2022 · -€9,298
Working capital
-€225,464▼ 1,619%
2022 · -€13,115
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20192020202120222023
Operating result€7,596▲ 10.2%€5,220▼ 31.3%-€12,234-€120▲ 99.0%-€2,579▼ 2,048%
Net result-€5,934▲ 37.1%-€7,786below the sector's middle half▼ 31.2%-€24,670below the sector's middle half▼ 217%-€9,298below the sector's middle half▲ 62.3%-€30,316below the sector's middle half▼ 226%
Equity-€165,237▼ 3.7%-€173,023below the sector's middle half▼ 4.7%-€197,692below the sector's middle half▼ 14.3%-€194,641below the sector's middle half▲ 1.5%-€224,957below the sector's middle half▼ 15.6%
Total assets€162,383▼ 29.5%€146,128within the sector's middle half▼ 10.0%€97,055within the sector's middle half▼ 33.6%€83,615within the sector's middle half▼ 13.8%€17,294below the sector's middle half▼ 79.3%
Debt€327,621▼ 15.9%€319,151▼ 2.6%€294,748▼ 7.6%€278,256▼ 5.6%€242,250▼ 12.9%
Working capital€65,868▼ 43.0%€50,229within the sector's middle half▼ 23.7%€4,605within the sector's middle half▼ 90.8%-€13,115below the sector's middle half-€225,464below the sector's middle half▼ 1,619%
Solvency-101.8%▼ 32.6pp-118.4%below the sector's middle half▼ 16.6pp-203.7%below the sector's middle half▼ 85.3pp-232.8%below the sector's middle half▼ 29.1pp
Current ratio1.72▼ 0.421.55within the sector's middle half▼ 0.171.05below the sector's middle half▼ 0.500.86below the sector's middle half▼ 0.190.07below the sector's middle half▼ 0.79
Return on assets (ROA)-3.7%▲ 0.4pp-5.3%below the sector's middle half▼ 1.7pp-25.4%below the sector's middle half▼ 20.1pp-11.1%below the sector's middle half▲ 14.3pp-175.3%below the sector's middle half▼ 164.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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
The operating result stays negative: a loss of €2,579 in 2023 against €120 in 2022; the loss grows.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €17,294
Fixed assets
€508 ▼ 48.0%
Current assets
€16,786 ▼ 79.7%
Key figures and ratios
Quick ratio
0.03▼
2022 · 0.75
Debt to equity
-1.08▲
2022 · -1.43
Debt ≤ 1 year
€242,250▲
2022 · €95,754
A ratio outside any meaningful range has been withheld (balance sheet total €17,294, equity -€224,957).
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,628 | €1,610 | €1,526 | €1,203 | - | - |
| Other operating charges640/8 | - | - | €1,036 | €1,004 | €873 | ▼ 13.1% |
| Non-recurring operating charges66A | - | - | - | €204 | €469 | ▲ 129% |
| Gross operating margin9900 | €10,656 | €8,184 | -€9,673 | €2,291 | -€1,237 | ▼ 154% |
| Operating profit (loss)9901 | €7,596 | €5,220 | -€12,234 | -€120 | -€2,579 | ▼ 2,048% |
| Financial income75/76B | - | - | €1 | €0 | - | - |
| Recurring financial income75 | €610 | - | €1 | €0 | - | - |
| Financial charges65/66B | - | - | €12,437 | €9,178 | €27,737 | ▲ 202% |
| Recurring financial charges65 | €14,095 | €13,006 | €12,437 | €9,178 | €27,737 | ▲ 202% |
| Profit (loss) for the period before taxes9903 | -€5,888 | -€7,786 | -€24,670 | -€9,298 | -€30,316 | ▼ 226% |
| Income taxes67/77 | €46 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€5,934 | -€7,786 | -€24,670 | -€9,298 | -€30,316 | ▼ 226% |
| Profit (loss) for the period to be appropriated9905 | -€5,934 | -€7,786 | -€24,670 | -€9,298 | -€30,316 | ▼ 226% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €162,383 | €146,128 | €97,055 | €83,615 | €17,294 | ▼ 79.3% |
| Fixed assets21/28 | €5,020 | €4,210 | €2,684 | €977 | €508 | ▼ 48.0% |
| Tangible fixed assets22/27 | €4,512 | €3,702 | €2,176 | €469 | - | - |
| Land and buildings22 | - | - | €1,672 | €469 | - | - |
| Furniture and vehicles24 | - | - | €504 | - | - | - |
| Financial fixed assets28 | €508 | €508 | €508 | €508 | €508 | = |
| Current assets29/58 | €157,363 | €141,918 | €94,371 | €82,639 | €16,786 | ▼ 79.7% |
| Stocks and contracts in progress3 | €52,106 | €38,256 | €13,818 | €10,433 | €10,433 | = |
| Stocks30/36 | - | - | €13,818 | €10,433 | €10,433 | = |
| Amounts receivable within one year40/41 | €11,603 | €17,761 | €7,467 | €6,806 | €6,336 | ▼ 6.9% |
| Trade receivables40 | - | - | €6,336 | €6,336 | €6,336 | = |
| Other amounts receivable41 | - | - | €1,130 | €470 | - | - |
| Cash at bank and in hand54/58 | - | €1,399 | - | - | €17 | - |
| Deferred charges and accrued income490/1 | - | - | €73,086 | €65,400 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €162,383 | €146,128 | €97,055 | €83,615 | €17,294 | ▼ 79.3% |
| Equity10/15 | -€165,237 | -€173,023 | -€197,692 | -€194,641 | -€224,957 | ▼ 15.6% |
| Contributions10/11 | €6,200 | - | €6,200 | €18,550 | €18,550 | = |
| Reserves13 | €6,189 | €6,189 | €6,189 | €6,189 | €6,189 | = |
| Non-distributable reserves130/1 | - | - | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | - | €1,855 | €1,855 | €1,855 | = |
| Tax-exempt reserves132 | - | - | €4,334 | €4,334 | €4,334 | = |
| Profit (loss) carried forward14 | -€177,626 | -€185,412 | -€210,082 | -€219,380 | -€249,696 | ▼ 13.8% |
| Amounts payable17/49 | €327,621 | €319,151 | €294,748 | €278,256 | €242,250 | ▼ 12.9% |
| Amounts payable after more than one year17 | €236,125 | €227,462 | €204,982 | €182,502 | - | - |
| Financial debts170/4 | - | - | €204,982 | €182,502 | - | - |
| Amounts payable within one year42/48 | €91,495 | €91,689 | €89,766 | €95,754 | €242,250 | ▲ 153% |
| Current portion of amounts payable after more than one year42 | - | - | €22,480 | €28,118 | - | - |
| Financial debts43 | - | - | €5,149 | €10,258 | - | - |
| Credit institutions430/8 | - | - | €5,149 | €10,258 | - | - |
| Trade debts44 | €60,756 | €64,120 | €53,641 | €37,683 | €23,085 | ▼ 38.7% |
| Suppliers440/4 | - | - | €53,641 | €37,683 | €23,085 | ▼ 38.7% |
| Advances received on contracts in progress46 | - | - | €2,000 | €2,000 | €2,000 | = |
| Taxes, remuneration and social security45 | - | - | - | - | €160 | - |
| Taxes450/3 | - | - | - | - | €160 | - |
| Other amounts payable47/48 | - | - | €6,496 | €17,694 | €217,005 | ▲ 1,126% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,934 | -€7,786 | -€24,670 | -€9,298 | -€30,316 | ▼ 226% |
| + Depreciation and write-downs630 | €1,628 | €1,610 | €1,526 | €1,203 | - | - |
| Operating cash flow (approximation) | -€4,306 | -€6,175 | -€23,144 | -€8,095 | -€30,316 | ▼ 275% |
| Investment in fixed assets (approximation) | - | -€800 | €0 | €504 | €469 | ▼ 7.0% |
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
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
29-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 303 days late
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 620 days late
2023
31-12
Financial
Weakest financial yearnet -€30,316
Net result drops to -€30,316, the lowest in the series.
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
15-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 320 days late
2019
13-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 225 days late
2018
26-02
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 210 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
29-02
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 213 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, Ledegem · 1 establishment unit since 2003
Ground area
82 m²
Building footprint
82 m²
Volume, LiDAR
295 m³
Parcel 36016B0271/00Z000, Flanders · tallest building 5.0 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VANLEM
since 20032.131.403.467
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36016B0271/00Z000 | Flanders | 82 m² | 1 · 82 m² | 5.0 m · 1 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.
Similar companies · same sector and region
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded11-02-2003
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Not found in the Peppol register
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.