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VANNEC

Active Private limited companyfounded 2008active for 17 yearsKortrijksestraat 412, 8020 OostkampKBO/BCE: BE 0807.969.220 subsidiary of
VANNEC
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Overview

Lifetime

11 annual accounts with figures on one time axis
peak €1.4m (2020)
-€52,074▼ €15,122
lowest -€187,301 (2024)
-€52,809▲ €134,492
peak €877,524 (2019)
€108,726▼ 32.7%
€13,592▲ 967%
peak 15.4 FTE (2020)
-not published
Board4 names since 2016
- 
Owners2 names in the annual accounts
consolidates
Documentsfilings and deeds
10-07-202621 days before the deadline
2025abbreviated format
Gross margin from -€36,951 to -€52,074Loss of €52,809Equity from €161,534 to €108,726Debts from €1,273 to €13,592Cash from €66 to €91

Key points

from the 2025 annual accounts

Equity

€108,726 from €877,524 in 2019

Equity fell by 88% in 6 years.

Losses

-€494,770 in five years
-104,6332021-138,1012022-11,9272023-187,3012024-52,8092025

Every financial year from 2021 to 2025 closed with a loss. 2024 was the heaviest.

Position in the sector

-€52,809

Lower net result than 90% of companies in civil engineering. Sector median €70,198 · 603 companies.

Turnover not published (abbreviated format)

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 4,805 companies had the same profile as VANNEC has now. Each dot stands for 13 companies, two years later.

88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,331 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2.9% 3.1%
10 5.6% 6.1%

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 4,805 companies, not a prediction for VANNEC. 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.

Credit verdict

Credit check for an amount and term of your choice

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.

Signals

Board and ownership

last known board
Director, last mentioned in 2021
  • consolidatesscore equity €746,803 (2025) · annual accounts 2025
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0807969220
Registered office moved from Oostkamp to Waardamme New registered office: KORTRIJKSESTRAAT 412 8020 WAARDAMME · Previous registered office: Kortrijksestraat 443A Loods F, 8020 Oostkamp · Gazette deed
Change of role: , from manager to director Registered office clause: Kortrijksestraat 443A Loods F, 8020 Oostkamp · Director discharge: · General meeting of 10-03-2021 · Gazette deed
2 managers resigning (manager) and (manager) · Permanent representative: · Director discharge: · General meeting of 08-06-2020 · Gazette deed
All 29 events

Comparable companies

same main activity, similar in size and age
Company
VANNEC Oostkamp €122,318 -€52,074 88.9% -
ABSOTECH Boortmeerbeek €126,614 -€3,742 44.0% -
DB SOLUTIONS Brecht €104,375 -€26,647 66.8% -
J.G. TECHNICS Tongeren-Borgloon €222,029 -€34,781 -12.6% -
DKN-ELECTRO Deinze €59,396 €679 78.2% -
LICHT, ELECTRO & DOMOTICA Antwerp €58,526 -€3,991 60.8% 0
Storm 74 Antwerp €249,471 -€1,675 -39.1% 0

These companies have the same main activity as VANNEC: construction of utility projects for electricity and telecommunications (NACE 42220). They are comparable in size and age: total assets between €58,500 and €249,000, founded between 2006 and 2012.

Official details

Source: KBO
Status
Active since 25-11-2008Normal situation
Activity
Construction of utility projects for electricity and telecommunicationsNACE 42220and 4 others
Establishment unit
2.174.496.5108020 Oostkamp, since 28-11-2008
Financial year end
31 December
Peppol
Reachable since 13-03-2025
Company details

Annual accounts 2025

-€52,074▼ 40.9%
€52,809▼ 71.8%
€108,726▼ 32.7%
€122,318▼ 24.9%
Filing
Filed on 10-07-2026, 21 days before the end of the filing period
Financials

Insights on VANNEC

VANNEC files the abbreviated format. That format states no turnover. The gross margin fell from €145,149 in 2015 to -€52,074 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 10-07-2026, 21 days before the deadline
-€52,074
▼ €15,122
-€52,600
▲ €136,549
-€52,809
▲ €134,492
€108,726
▼ 32.7%
88.9%
▼ 10.3 percentage points
9.00

Turnover and EBIT margin are not published. The abbreviated format does not require them.

Balance sheet

balance sheet total €122,318 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

88.9%

Higher than 93% of 603 companies in 2025.

9.00

Higher than 93% of 596 companies in 2025.

-43.2%

Lower than 95% of 598 companies in 2025.

VANNEC Middle half of the sector 80% of the sector Abbreviated accounts in civil engineering (NACE 42)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202121 months20202019201820172016201515 months
Balance sheet: assets
20/58 122,318162,808379,637384,7901.4m3.3m1.5m2.5m875,853635,200436,660
21/28 -----103,67593,81697,627114,49355,850294,254
22/27 ----0103,67593,81697,627114,49355,850294,254
23 -----51,91427,36928,97536,39327,641282,985
24 -----51,76166,44768,65178,10128,20911,270
29/58 122,318162,808379,637384,7901.4m3.2m1.4m2.4m761,360579,349142,406
3 -----1.8m356,000722,773151,375103,4004,925
30/36 -----1.8m356,000722,773151,375103,4004,925
40/41 122,226162,742374,473367,4251.3m1.1m949,3661.5m582,895460,11869,742
40 122,226158,242368,632367,4251.3m1.1m919,0051.5m545,078439,47441,679
41 -4,5005,841-43,24354,80830,361-37,81720,64428,063
54/58 91665,16417,36535,480254,84467,513152,69726,05015,56967,738
490/1 ----9,3545,1709,1474491,040263-
Balance sheet: equity and liabilities
10/49 122,318162,808379,637384,7901.4m3.3m1.5m2.5m875,853635,200436,660
10/15 108,726161,534348,835360,762498,863603,496877,524813,681311,005170,39097,805
10/11 30,00030,00030,00030,00030,00030,00030,00030,00030,00030,00030,000
100 -----30,00030,00030,00030,00030,00030,000
13 78,726131,534318,835330,762468,863573,496847,524783,681281,005140,39067,805
130 -----3,0003,0003,0003,0003,0003,000
133 78,726131,534318,835330,762468,863570,496844,524780,681278,005137,39064,805
14 ----------0
17/49 13,5921,27330,80224,029854,3682.7m598,3181.7m564,849464,810338,855
17 ----2,85615,30017,42028,77742,4947,61122,049
170/4 ----2,85615,30017,42028,77742,4947,61122,049
42/48 13,5921,27330,80224,029851,5122.7m573,8971.6m522,354457,198316,806
42 ---2,8563,77615,27611,356242,95078,59426,99980,384
43 ----300,000650,000250,000850,000150,000150,000-
430/8 ----300,000650,000250,000850,000150,000150,000-
44 12,467-2,739100133,861388,806176,335327,087168,727124,714102,878
440/4 12,467-2,739100133,861388,806176,335327,087168,727124,714102,878
45 -576-3,4911,02018,81337,48224,45187,19575,55710,980
450/3 -576-3,4911,0204,36933,07817,45272,11575,5577,784
454/9 -----14,4444,4046,99915,079-3,196
47/48 1,12569728,06317,581412,8551.6m98,724179,69537,83879,927122,564
492/3 ------7,000----
Income statement
9900 -52,074-36,951-5,955-46,609932,6171.4m500,8131.1m392,089307,276145,149
62 ---47,822710,142510,017310,930267,718142,14168,64867,166
630 -----51,13240,66528,69126,71617,05941,689
631/4 -149,795--241,12914,95814,958----
640/8 5262,4035,29732,98356,87114,7663,89515,7302,3601,8441,449
9901 -52,600-189,149-11,252-127,414-75,525839,768130,365787,198220,873219,72434,844
75/76B -2,495-614,9789,5395092,0571,8201,985947
75 -2,495-614,9789,5395092,0571,8201,985947
65/66B 20964767510,69343,67620,67733,99120,76110,5395,50712,469
65 20964767510,69343,67620,67733,99120,76110,5395,50712,469
9903 -52,809-187,301-11,927-138,101-104,223828,63096,884768,495212,153216,20323,322
67/77 ----410252,65833,041265,81971,53975,2587,516
9904 -52,809-187,301-11,927-138,101-104,633575,97263,843502,676140,615140,94515,806
9905 -52,809-187,301-11,927-138,101-104,633575,97263,843502,676140,615140,94515,806
Appropriation of the result
9906 -52,809-187,301-11,927-138,101-104,633575,97263,843502,676140,615140,94596,155
791/2 52,809187,30111,927138,101104,633274,028---48,999-
691/2 ------63,843502,676140,615121,58496,155
691 ----------28,500
6920 ----------2,850
6921 ------63,843502,676140,615121,58464,805
694/7 -----850,000---68,360-
694 -----850,000---68,360-
Social balance sheet
9087 ---1.710.615.47.16.93.921.3
Hours worked1013 ---99620,71017,96511,30910,9506,0062,8962,504
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 10-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 10-07-2026 2026-00282113 PDF
31-12-2024 abbreviated format 11-08-2025 2025-00389708 PDF
31-12-2023 abbreviated format 29-06-2024 2024-00182680 PDF
31-12-2022 abbreviated format 29-06-2023 2023-00173199 PDF
31-12-2021 abbreviated format 28-06-2022 2022-20098825 PDF
31-03-2020 abbreviated format 28-09-2020 2020-56100091 PDF
31-03-2019 abbreviated format 01-10-2019 2019-67600231 PDF
31-03-2018 abbreviated format 24-09-2018 2018-65000385 PDF
31-03-2017 abbreviated format 26-09-2017 2017-62800063 PDF
31-03-2016 abbreviated format 28-10-2016 2016-67000142 PDF
31-03-2015 abbreviated format 30-09-2015 2015-62300041 PDF

Subsidies and aid

Flemish government 2022, 1 entry, €6,249 awarded, €6,249 paid

Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
€6,249

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202121 months20202019201820172016201515 months
-----890,899171,030815,889247,588236,78476,533
-----627,104104,508531,367167,330158,00457,496
----61,25986,41636,85433,70685,35958,1347,066
26-5,098-12,202-18,115-219,363187,331-85,184126,64710,482-52,170-
108,726161,534348,835360,762501,718515,121808,128744,831239,005122,151-174,400
88.9%99.2%91.9%93.8%36.9%18.3%59.5%33.0%35.5%26.8%22.4%
9.00-12.3316.011.591.192.411.461.461.270.45
9.00-12.3316.011.590.521.791.011.171.040.43
0.130.010.090.071.714.460.682.031.822.733.46
-48.6%-116.0%-3.4%-38.3%-21.0%95.4%7.3%61.8%45.2%82.7%16.2%
-43.2%-115.0%-3.1%-35.9%-7.7%17.5%4.3%20.4%16.1%22.2%3.6%

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.

Social balance sheet

Item31-12-202231-12-2021
Employees at the balance-sheet date-6
full-time-4
part-time-2
in full-time equivalents-5.5
1.710.6
On a permanent contract-6
Joined0-
Left6-

Source: social balance sheet in the 2021 to 2022 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets----€61,259

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on VANNEC

The operating result for 2025 is a loss of €52,600, smaller than the loss of €189,149 in 2024.

Debt's share of the balance-sheet total rises from 0.8% to 11.1%. Equity is lower and debt is higher.

Board & ownership

Mandates through the years

4 names

Director (not named in the articles)

Manager

Manager

Manager
Earliermandate already running before its first mentionend not dated
Mandates as a list
    • Manager, until 24-06-2020
    • Director (not named in the articles), appointed by deed of 16-03-2021, no longer listed in the 2021 annual accounts
    • Manager, appointed by deed of 29-11-2019, until 24-06-2020
    • Manager, appointed by deed of 29-11-2019, until 08-06-2020
    • Manager, until 07-06-2019
    • Manager, until 15-01-2016

See the board, name and registered office on a given date →

Control

Consolidating parent
Equity €746,803
Profit €3,799 in 2025 (loss €564,217 in 2024)
Checked score
Source: parent in own accounts 2025
consolidates
This company
VANNEC
Equity €108,726
Loss €52,809 in 2025

Capital

Contribution
€30,000
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
consolidates
consolidates
98%
98% until 2018
Owners as a list

Source: parent in its own accounts, lists of holdings in the owners' accounts

Articles of association

deed of 16-03-2021 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
“Steeds beëindigbaar wegens wettige reden zonder opzeggingstermijn of vertrekvergoeding, herroepbaar ad nutum bij besluit algemene…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Saturday of June at 10:00

Office holders in the KBO →

Network & group

Parent

Belgium · equity €746,803 · profit €3,799 (2025)
Checked score

Connections & network

Depth

The network starts from the shareholders of VANNEC. Every company they also own or run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

29 events since 2008

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 21 days before the deadline
2025
Annual accounts 2024 filed PDFabbreviated format · 11 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0807969220
2024
Weakest financial year net -€187,301 The net result drops to -€187,301, the lowest from 2015 to 2025. It recovers the following year.
Liquidity more than 10 times current ratio 127.85 The current ratio rises from 12.33 to 127.85. Short-term debt falls from €30,802 to €1,273.
Annual accounts 2023 filed PDFabbreviated format · 32 days before the deadline
2023
Annual accounts 2022 filed PDFabbreviated format · 32 days before the deadline
2022
Liquidity more than 10 times current ratio 16.01 The current ratio rises from 1.59 to 16.01. Short-term debt falls from €851,512 to €24,029.
Annual accounts 2021 filed PDFabbreviated format · 33 days before the deadline
Registered office moved from Oostkamp to WaardammeNew registered office: KORTRIJKSESTRAAT 412 8020 WAARDAMME · Previous registered office: Kortrijksestraat 443A Loods F, 8020 Oostkamp1 point ▸
  • Registered-office move, KORTRIJKSESTRAAT 412 8020 WAARDAMME

Open the deed in the Belgian Official Gazette

2021
Change of role: , from manager to directorRegistered office clause: Kortrijksestraat 443A Loods F, 8020 Oostkamp · Director discharge: · General meeting of 10-03-20215 points ▸
  • General meeting, 10-03-2021
  • Registered office clause, Kortrijksestraat 443A Loods F, 8020 Oostkamp
  • Director resignation, (manager)
  • Director discharge,
  • Director appointment, (director (not named in the articles))
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

2020
Annual accounts 2020 filed PDFabbreviated format · 33 days before the deadline
2 managers resigning (manager) and (manager) · Permanent representative: · Director discharge: · General meeting of 08-06-20206 points ▸
  • General meeting, 08-06-2020
  • Director resignation, (manager)
  • Director resignation, (manager)
  • Director discharge,
  • Director discharge,
  • Permanent representative,

Open the deed in the Belgian Official Gazette

Highest result from 2015 to 2025 net €575,972 ▲802% The operating result of €839,768 and the net result of €575,972 are both a record.
2019
Appointment: (manager)Permanent representative: · General meeting of 16-11-20193 points ▸
  • General meeting, 16-11-2019
  • Director appointment, (manager)
  • Permanent representative,

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFabbreviated format · 30 days before the deadline
Resignation: (manager)General meeting of 24-05-20192 points ▸
  • General meeting, 24-05-2019
  • Director resignation, (manager)

Open the deed in the Belgian Official Gazette

2018
Annual accounts 2018 filed PDFabbreviated format · 37 days before the deadline
Equity above €500,000 equity €813,681 ▲162% With a profit in every financial year since 2015, equity grows to €813,681.
2017
Annual accounts 2017 filed PDFabbreviated format · 35 days before the deadline
Equity above €200,000 equity €311,005 ▲82.5% With a profit in every financial year since 2015, equity grows to €311,005.
2016
Annual accounts 2016 filed PDFabbreviated format · 3 days before the deadline
Registered office moved within OostkampNew registered office: Kortrijksestraat 443 A Loods F, 8020 Oostkamp · Previous registered office: Kortrijksestraat 388, 8020 Oostkamp · General meeting of 24-06-20162 points ▸
  • General meeting, 24-06-2016
  • Registered-office move, Kortrijksestraat 443 A Loods F, 8020 Oostkamp

Open the deed in the Belgian Official Gazette

Liquidity more than doubled current ratio 1.27 The current ratio rises from 0.45 to 1.27.
Equity above €150,000 equity €170,390 ▲74.2% With a profit in every financial year since 2015, equity grows to €170,390.
Resignation: (manager)1 point ▸
  • Director resignation, (manager)

Open the deed in the Belgian Official Gazette

2015
Annual accounts 2015 filed PDFabbreviated format · 31 days before the deadline
2008
First establishment Kortrijksestraat 412, Oostkamp
Incorporation PDFpublished on 03-12-2008

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

VANNEC was incorporated on 25 November 2008.1 The registered office moved to Oostkamp in 2016 and to Waardamme in 2022.23 Total assets fell from €1.5m in 2019 to €122,318 in 2025 and headcount from 7.1 full-time equivalents in 2019 to 1.7 in 2022.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 03-08-2016
  3. 3Belgian Official Gazette, 18-05-2022
  4. 4National Bank, annual accounts 2019, 2022 and 2025

Company details

Identity

Enterprise number
0807.969.220
VAT number
BE 0807.969.220
Peppol ID
0208:0807969220
Other Peppol ID
9925:BE0807969220
Legal form
Private limited company
Status
Active, normal situation
Founded
25-11-2008
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Saturday of June at 10:00
deed of 16-03-2021 (in Dutch)
Peppol
Reachable since 13-03-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
VANNEC in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 16-03-2021 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 16-03-2021 (in Dutch)

Activities

NACEBEL 2025
42220 Construction of utility projects for electricity and telecommunications main activity
43211 General electrical installation work
43222 Installation of electric heating, air conditioning, cooling and ventilation
43410 Roofing work
46130 Agents in the wholesale of timber and building materials
Codes under NACEBEL 2008
42220 Construction of utility projects for electricity and telecommunications main activity
43211 Specialised construction activities
43222 Specialised construction activities
43910 Specialised construction activities
46130 Wholesale trade
PurposeThe purpose describes the activities the company may carry out under its articles.
“Handelingen te voeren van een vennootschap die actief zal zijn op het vlak van de ontwikkeling van projecten inzake hernieuwbare…”
11 activities
  1. Handelingen te voeren van een vennootschap die actief zal zijn op het vlak van de ontwikkeling van projecten inzake hernieuwbare energiebronnen,in het bijzonder zonne-energie.
  2. Het onderzoek,de ontwikkeling,de vervaardiging of commercialisering van nieuwe producten,nieuwe vormen van technologie en hun toepassingen.
  3. De vervaardiging,groothandel,kleinhandel,import,export,van zowel elektrsiche als niet-elektrische panelen voor het opvangen van zonne-energie,alsook alle schrijnwerk,dakwerkzaamheden en loodgieterwerk die ermee gepaard gaan om deze panelen te installeren,aan te sluiten,inclusief het onderhoud en herstelling ervan.
  4. Het geven van advies betreffende groene energie en zonne-energie alsook opleidingen betreffende het installeren van zonnepanelen en overige installaties van hernieuwbare energie.
  5. Schrijnwerk(zowel algemeen,binnen-als buitenschrijnwerk).
  6. Dakwerken en waterdicht maken van gebouwen.
  7. Loodgieterswerk.
  8. Elektriciteitswerken.
  9. Ruwbouw:metselwerken,betonwerken en sloopwerken.
  10. Algemene bouwwerken
  11. Algemene aannemingswerken.
deed of 16-03-2021 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Kortrijksestraat 412 registered office 8020 Oostkamp 27110 Manufacture of electrical equipment 28-11-2008 2.174.496.510
1 former office
  • Kortrijksestraat 443A Loods F, 8020 Oostkamp until 20-04-2022 · deed of 18-05-2022

Location

registered office establishment approximate The establishment unit on the map

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0807.969.220

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