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VANMAD

Active
Private limited companyfounded 20251 yr activeBeverlaaihof(Kor) 3, 8500 Kortrijk, BelgiumKBO/BCE: BE 1020.423.073
Summary

VANMAD has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75,343 and a net result of €73,843. Its solvency ranks better than 50% of 12788 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes
Profitability100
Solvency82
Growth-
Track record67
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.83; short-term debt: 43.4% and cash: 13.8% of total assets), and 43.4% of the assets are financed with debt.
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Signals

Four 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
56.6%
Return on assets
55.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 1 filing
Deviation from the deadline
2025
30 d late
← before the deadline after the deadline →
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 26 February 2025, VANMAD was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€75,343
Total assets
€133,177
Net result
€73,843
Working capital
-€10,067

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €133,177
Fixed assets €85,410
Current assets €47,767
Equity and liabilities €133,177
Equity €75,343
Debt €57,834
Debt finances 43.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€104,127
Cash flow
€75,933
Current ratio
0.83
Debt to equity
0.77
ROE
98.0%
ROA
55.4%
Interest coverage
93.37
Debt ≤ 1 year
€57,834
Income taxes
€27,285

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.2% 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 11,279 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 · 2025 · 38 lines
Balance sheet Code2025
Assets
Total assets20/58€133,177
Fixed assets21/28€85,410
Tangible fixed assets22/27€85,410
Plant, machinery and equipment23€2,038
Other tangible fixed assets26€83,372
Current assets29/58€47,767
Amounts receivable within one year40/41€28,277
Trade receivables40€28,276
Other amounts receivable41€1
Cash at bank and in hand54/58€18,322
Deferred charges and accrued income490/1€1,168
Equity and liabilities
Total equity and liabilities10/49€133,177
Equity10/15€75,343
Contributions10/11€1,500
Reserves13€73,843
Distributable reserves133€73,843
Amounts payable17/49€57,834
Amounts payable within one year42/48€57,834
Trade debts44€13,286
Suppliers440/4€13,286
Taxes, remuneration and social security45€19,058
Taxes450/3€19,058
Other amounts payable47/48€25,491
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,089
Other operating charges640/8€1,378
Gross operating margin9900€105,504
Operating profit (loss)9901€102,037
Financial income75/76B€207
Recurring financial income75€207
Financial charges65/66B€1,115
Recurring financial charges65€1,115
Profit (loss) for the period before taxes9903€101,129
Income taxes67/77€27,285
Profit (loss) for the period9904€73,843
Profit (loss) for the period to be appropriated9905€73,843
Appropriation of the result
Profit (loss) to be appropriated9906€73,843
Transfer to equity691/2€73,843
To other reserves6921€73,843

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

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,089
Other operating charges640/8€1,378
Gross operating margin9900€105,504
Operating profit (loss)9901€102,037
Financial income75/76B€207
Recurring financial income75€207
Financial charges65/66B€1,115
Recurring financial charges65€1,115
Profit (loss) for the period before taxes9903€101,129
Income taxes67/77€27,285
Profit (loss) for the period9904€73,843
Profit (loss) for the period to be appropriated9905€73,843
Line2025
Assets
Total assets20/58€133,177
Fixed assets21/28€85,410
Tangible fixed assets22/27€85,410
Plant, machinery and equipment23€2,038
Other tangible fixed assets26€83,372
Current assets29/58€47,767
Amounts receivable within one year40/41€28,277
Trade receivables40€28,276
Other amounts receivable41€1
Cash at bank and in hand54/58€18,322
Deferred charges and accrued income490/1€1,168
Equity and liabilities
Total equity and liabilities10/49€133,177
Equity10/15€75,343
Contributions10/11€1,500
Reserves13€73,843
Distributable reserves133€73,843
Amounts payable17/49€57,834
Amounts payable within one year42/48€57,834
Trade debts44€13,286
Suppliers440/4€13,286
Taxes, remuneration and social security45€19,058
Taxes450/3€19,058
Other amounts payable47/48€25,491
Line2025
Profit (loss) for the period9904€73,843
+ Depreciation and write-downs630€2,089
Operating cash flow (approximation)€75,933

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

2026
30-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
NBB filing
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, Kortrijk · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
192 m²
Building footprint
124 m²
Volume, LiDAR
763 m³
Parcel 34022E0081/00K005, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VANMAD
Beverlaaihof(Kor) 3, 8500 KortrijkActivities of lawyers
since 20252.373.312.460
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34022E0081/00K005 Flanders 192 m² 1 · 124 m² 9.2 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.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 119 EUR awarded · 119 EUR paid
Year Entries awardedpaid
2025 1 119 EUR119 EUR
Schemes
1 entry · 119 EUR · 119 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 22,076 companies in sector 69101 we hold annual accounts for 9,058. 7,513 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
Founded26-02-2025
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID 0208:1020423073
Also 9925:BE1020423073
Registered 12-01-2026

Register as of 27 September 2026 · Peppol Directory

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