Investments
Green is investment, beige is depreciation.
Green is investment, beige is depreciation.
The 2020 accounts came latest: 508 days after the end of the period.
Higher net result than 95% of companies in personal services. Sector median €2,795 · 5,748 companies.
The dashed line is the sector median: 0.7% across 7,628 companies (NACE 96, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 96, micro). It does better than 74% of them on solvency, 70% on liquidity and 93% on profitability.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 31,368 companies had the same profile as VANMAR has now. Each dot stands for 79 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VANMAR itself: 0.2% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for VANMAR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.89, above the usual 1.5. Short-term debt is 23.3% and cash 19.1% of total assets. 42.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 104 days after the deadline. In the sector (NACE 96), the median for financial year 2022 was 1 day after the deadline, and 50% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| VANMAR Liège | €133,759 | €123,994 | 57.3% | - |
| La Beauté d'Eve Saint-Ghislain | €123,367 | €129,795 | -120.7% | - |
| REVELATION BEAUTE Ans | €139,233 | €87,079 | 46.4% | - |
| S.T. TELECOM Flémalle | €124,594 | €82,841 | 95.8% | - |
| ADMINISTRATIEKANTOOR D.C. Heist-op-den-Berg | €168,154 | €105,650 | 35.8% | - |
| ANGELIQUE Edegem | €200,448 | €143,076 | 43.1% | - |
| BIRD Zoersel | €168,208 | €82,386 | 55.1% | - |
These companies have the same main activity as VANMAR: beauty care and other beauty treatments (NACE 96220). They are comparable in size and age: total assets between €123,000 and €200,000, founded between 1994 and 1999.
VANMAR has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76,613 and a net result of €78,876.
Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 74% of 5,741 sector peers (NACE 96, financial year 2025).
The computed 12-month bankruptcy probability is 0.2% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 74% of 5,741 companies in 2025.
Higher than 69% of 5,307 companies in 2025.
Higher than 95% of 5,351 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2020 | 2006 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
133,759 | 0 | 34,763 | |
20 |
426 | - | - | |
21/28 |
74,389 | - | 11,453 | |
22/27 |
74,389 | - | 11,403 | |
23 |
1,625 | - | 300 | |
24 |
72,764 | - | 11,103 | |
28 |
- | - | 50 | |
29/58 |
58,944 | 0 | 23,310 | |
3 |
- | 0 | 5,600 | |
30/36 |
- | 0 | 5,600 | |
40/41 |
33,384 | - | 1,552 | |
40 |
33,384 | - | - | |
41 |
- | - | 1,552 | |
54/58 |
25,559 | - | 16,158 | |
490/1 |
- | 0 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
133,759 | 0 | 34,763 | |
10/15 |
76,613 | -6,886 | -1,251 | |
10/11 |
5,142 | 4,958 | 4,958 | |
10 |
- | 4,958 | - | |
100 |
- | 4,958 | 4,958 | |
13 |
4,050 | 184 | 184 | |
130/1 |
4,050 | 184 | - | |
130 |
- | 184 | 184 | |
1311 |
4,050 | - | - | |
14 |
67,421 | -12,028 | -6,393 | |
17/49 |
57,146 | 6,886 | 36,014 | |
17 |
26,030 | - | - | |
170/4 |
26,030 | - | - | |
42/48 |
31,116 | 6,886 | 14,215 | |
42 |
12,914 | - | - | |
43 |
- | 2,706 | - | |
430/8 |
- | 2,706 | - | |
44 |
- | - | 10,993 | |
440/4 |
- | - | 10,993 | |
45 |
8,240 | 220 | 3,222 | |
450/3 |
- | 220 | 3,222 | |
454/9 |
8,240 | - | - | |
47/48 |
9,962 | 3,960 | - | |
492/3 |
- | - | 21,799 | |
| Income statement | ||||
70 |
232,917 | - | 15,191 | |
9900 |
123,994 | - | 4,786 | |
60/61 |
108,923 | - | 10,405 | |
62 |
- | - | 354 | |
630 |
12,944 | - | - | |
640/8 |
220 | 440 | 635 | |
9901 |
110,830 | -440 | 3,797 | |
65/66B |
137 | 793 | - | |
65 |
137 | 793 | - | |
9903 |
110,694 | -1,233 | 3,797 | |
67/77 |
31,818 | - | - | |
9904 |
78,876 | -1,233 | 3,797 | |
9905 |
78,876 | -1,233 | 3,797 | |
| Appropriation of the result | ||||
9906 |
71,471 | -12,028 | -6,393 | |
14P |
-7,405 | -10,795 | - | |
691/2 |
4,050 | - | - | |
6920 |
4,050 | - | - | |
| Document | ||||
The accounts for 3 older financial years (1991-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 17-05-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 17-05-2026 | 2026-00111981 | |
| 31-12-2022 | micro format | 19-09-2023 | 2023-00449499 | |
| 31-12-2021 | micro format | 21-12-2022 | 2022-20543840 | |
| 31-12-2020 | micro format | 21-12-2022 | 2022-20544622 | |
| 31-12-2006 | full format | 31-08-2007 | 2007-71400219 | |
| 31-12-2005 | full format | 30-08-2006 | 2006-74302594 | |
| 31-12-1992 | full format | 10-09-1993 | 1993-35403010 | |
| 31-12-1991 | full format | 10-06-1992 | 1992-09800639 |
| Line | Trend | 2025 | 2020 | 2006 |
|---|---|---|---|---|
| 123,774 | - | - | ||
| 91,819 | - | - | ||
| 85,197 | - | - | ||
| 27,827 | -6,886 | 9,095 | ||
| 47.6% | - | 25.0% | ||
| 57.3% | - | -3.6% | ||
| 1.89 | - | 1.64 | ||
| 1.89 | - | 1.25 | ||
| 0.75 | - | - | ||
| 103.0% | - | - | ||
| 59.0% | - | 10.9% | ||
| over 100 | - | - | ||
| 52 days | - | 37 days | ||
| - | - | 386 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Tangible fixed assets | €85,197 | - | - | - |
| €12,944 | - | - | - |
Source: notes to the 2020 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is €110,830, against a loss of €957 in 2022. Comparable figures for the intervening years are unavailable.
Debt's share of the balance-sheet total is 42.7%.
VANMAR has no parent and no holdings in its annual accounts. VANNESPENNE Damien Cyrille Julien is the only director. VANMAR shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
VANMAR was incorporated on 1 November 1990.1 Since 2022, VANNESPENNE Damien Cyrille Julien has served as director.2 The company has filed 8 sets of annual accounts, the latest for financial year 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Rue du Pont-de-Wandre 26 registered office 4020 Liège | ||
| Rue des Trixhes 147 4020 Liège 47279 Other retail sale of food | 29-04-1991 | 2.052.545.635 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62059C0420/00F002 | 920 m² | 1 · 148 m² | 9.2 m · 2 |
| 62113A0822/00E000 | 219 m² | 1 · 82 m² | 12.0 m · 4 |
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