VANNERUM
ActiveSummary
VANNERUM has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €799k and a net result of €113k. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 79% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+24
Solvency94▼-3
Growth63=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 3.47 against 4.1 in 2024; short-term debt: 23.1% and cash: 22% of total assets), and 30.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.5%
Return on assets
9.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
35 d early
2023
13 d late
2022
8 d late
2021
34 d early
2020
2 d early
2019
4 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€565k▼ 0.9%
2019 · €570k
2018: €558klowest in 3 years
2019: €570k▲ +2.0% vs 2018highest in 3 years
2020: €565k▼ -0.9% vs 2019
2018 → 2020
EBIT margin
18.1%▼ 5.0pp
2019 · 23.1%
2018: 23.1%highest in 3 years
2019: 23.1%▼ -0.2% vs 2018
2020: 18.1%▼ -21.5% vs 2019lowest in 3 years
2018 → 2020
Net result
€113k▲ 102%
2024 · €56k
2018: €30klowest in 8 years
2019: €84k▲ +182% vs 2018
2020: €57k▼ -31.4% vs 2019
2021: €107k▲ +86.2% vs 2020
2022: €108k▲ +1.2% vs 2021
2023: €61k▼ -43.3% vs 2022
2024: €56k▼ -8.8% vs 2023
2025: €113k▲ +102% vs 2024highest in 8 years
2018 → 2025
Working capital
€656k▲ 5.0%
2024 · €625k
2018: €248klowest in 8 years
2019: €543k▲ +119% vs 2018
2020: €578k▲ +6.4% vs 2019
2021: €644k▲ +11.4% vs 2020
2022: €693k▲ +7.6% vs 2021
2023: €723k▲ +4.3% vs 2022highest in 8 years
2024: €625k▼ -13.6% vs 2023
2025: €656k▲ +5.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€618k-€726k▲ 17.5%€767k▲ 5.7%€741k▼ 3.4%€799k▲ 7.8%
2021: €618klowest in 5 years
2022: €726k▲ +17.5% vs 2021
2023: €767k▲ +5.7% vs 2022
2024: €741k▼ -3.4% vs 2023
2025: €799k▲ +7.8% vs 2024highest in 5 years
Operating result€191k-€177k▼ 7.6%€126k▼ 28.7%€126k▼ 0.6%€177k▲ 40.8%
2021: €191khighest in 5 years
2022: €177k▼ -7.6% vs 2021
2023: €126k▼ -28.7% vs 2022
2024: €126k▼ -0.6% vs 2023lowest in 5 years
2025: €177k▲ +40.8% vs 2024
Net result€107k-€108k▲ 1.2%€61k▼ 43.3%€56k▼ 8.8%€113k▲ 102%
2021: €107k
2022: €108k▲ +1.2% vs 2021
2023: €61k▼ -43.3% vs 2022
2024: €56k▼ -8.8% vs 2023lowest in 5 years
2025: €113k▲ +102% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 41% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.15M
Fixed assets
€228k ▲ 11.1%
Current assets
€923k ▲ 11.6%
Equity and liabilities €1.15M
Equity
€799k ▲ 7.8%
Debt
€351k ▲ 20.8%
Debt's share of the balance-sheet total rises from 28.2% to 30.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€215k▲
2024 · €159k
Cash flow
€152k▲
2024 · €89k
Current ratio
3.47▼
2024 · 4.10
Quick ratio
1.03▼
2024 · 1.15
Debt to equity
0.44▲
2024 · 0.39
ROE
14.1%▲
2024 · 7.5%
ROA
9.8%▲
2024 · 5.4%
Interest coverage
48.95▲
2024 · 3.76
Debt ≤ 1 year
€266k▲
2024 · €202k
Debt > 1 year
€85k▼
2024 · €88k
Income taxes
€60k▲
2024 · €29k
Staff costs
€132k▲
2024 · €125k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.03M€1.15M▲
Fixed assets21/28€205k€228k▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€205k€228k▲
Land and buildings22€173k€149k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€28k€76k▲
Other tangible fixed assets26€0€0=
Current assets29/58€827k€923k▲
Stocks and contracts in progress3€596k€648k▲
Stocks30/36€596k€648k▲
Amounts receivable within one year40/41€46k€17k▼
Trade receivables40€46k€17k▼
Cash at bank and in hand54/58€182k€253k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.03M€1.15M▲
Equity10/15€741k€799k▲
Contributions10/11€19k€19k=
Reserves13€439k€497k▲
Non-distributable reserves130/1€12k€12k=
Reserves not available under the articles1311€12k€12k=
Distributable reserves133€427k€485k▲
Profit (loss) carried forward14€284k€284k=
Amounts payable17/49€291k€351k▲
Amounts payable after more than one year17€88k€85k▼
Financial debts170/4€88k€85k▼
Amounts payable within one year42/48€202k€266k▲
Current portion of amounts payable after more than one year42€34k€36k▲
Financial debts43€5k€5k▼
Credit institutions430/8€5k€5k▼
Trade debts44€7k€9k▲
Suppliers440/4€7k€9k▲
Taxes, remuneration and social security45€45k€56k▲
Taxes450/3€29k€41k▲
Remuneration and social security454/9€15k€15k▲
Other amounts payable47/48€111k€160k▲
Accrued charges and deferred income492/3€1k€465▼
Income statement
Code20242025
Non-recurring operating income76A€3k-
Remuneration, social security and pensions62€125k€132k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€39k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k€649▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€290k€351k▲
Operating profit (loss)9901€126k€177k▲
Financial income75/76B€2k€748▼
Recurring financial income75€2k€748▼
Financial charges65/66B€42k€4k▼
Recurring financial charges65€42k€4k▼
Profit (loss) for the period before taxes9903€85k€173k▲
Income taxes67/77€29k€60k▲
Profit (loss) for the period9904€56k€113k▲
Profit (loss) for the period to be appropriated9905€56k€113k▲
Appropriation of the result
Profit (loss) to be appropriated9906€340k€397k▲
Profit (loss) brought forward from the previous period14P€284k€284k=
Transfer from equity791/2€82k€55k▼
Transfer to equity691/2€56k€113k▲
To the legal reserve6920€56k€113k▲
Profit to be distributed694/7€82k€55k▼
Return on contributions (dividend)694€82k€55k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3k | - | - |
| Remuneration, social security and pensions62 | €96k | €113k | €126k | €125k | €132k | ▲ 5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €22k | €29k | €33k | €39k | ▲ 15.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-2k | €-641 | €3k | €4k | €649 | ▼ 84.0% |
| Other operating charges640/8 | €2k | €3k | €1k | €2k | €3k | ▲ 54.4% |
| Gross operating margin9900 | €303k | €314k | €285k | €290k | €351k | ▲ 20.9% |
| Operating profit (loss)9901 | €191k | €177k | €126k | €126k | €177k | ▲ 40.8% |
| Financial income75/76B | €413 | €16k | €291 | €2k | €748 | ▼ 54.6% |
| Recurring financial income75 | €413 | €39 | €291 | €2k | €748 | ▼ 54.6% |
| Non-recurring financial income76B | - | €16k | - | - | - | - |
| Financial charges65/66B | €45k | €39k | €39k | €42k | €4k | ▼ 89.6% |
| Recurring financial charges65 | €45k | €39k | €39k | €42k | €4k | ▼ 89.6% |
| Profit (loss) for the period before taxes9903 | €147k | €154k | €88k | €85k | €173k | ▲ 104% |
| Income taxes67/77 | €40k | €46k | €26k | €29k | €60k | ▲ 107% |
| Profit (loss) for the period9904 | €107k | €108k | €61k | €56k | €113k | ▲ 102% |
| Profit (loss) for the period to be appropriated9905 | €107k | €108k | €61k | €56k | €113k | ▲ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €985k | €1.09M | €1.06M | €1.03M | €1.15M | ▲ 11.5% |
| Fixed assets21/28 | €156k | €190k | €167k | €205k | €228k | ▲ 11.1% |
| Intangible fixed assets21 | - | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €156k | €189k | €167k | €205k | €228k | ▲ 11.1% |
| Land and buildings22 | €143k | €134k | €124k | €173k | €149k | ▼ 13.9% |
| Plant, machinery and equipment23 | €9k | €7k | €6k | €4k | €3k | ▼ 31.0% |
| Furniture and vehicles24 | €4k | €47k | €38k | €28k | €76k | ▲ 174% |
| Other tangible fixed assets26 | - | €0 | €0 | €0 | €0 | - |
| Financial fixed assets28 | - | €2k | - | - | - | - |
| Current assets29/58 | €829k | €905k | €893k | €827k | €923k | ▲ 11.6% |
| Stocks and contracts in progress3 | €590k | €590k | €581k | €596k | €648k | ▲ 8.9% |
| Stocks30/36 | €590k | €590k | €581k | €596k | €648k | ▲ 8.9% |
| Amounts receivable within one year40/41 | €12k | €19k | €58k | €46k | €17k | ▼ 63.3% |
| Trade receivables40 | €11k | €18k | €58k | €46k | €17k | ▼ 63.3% |
| Other amounts receivable41 | €978 | €953 | - | - | - | - |
| Cash at bank and in hand54/58 | €224k | €293k | €250k | €182k | €253k | ▲ 39.0% |
| Deferred charges and accrued income490/1 | €3k | €3k | €3k | €3k | €4k | ▲ 27.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €985k | €1.09M | €1.06M | €1.03M | €1.15M | ▲ 11.5% |
| Equity10/15 | €618k | €726k | €767k | €741k | €799k | ▲ 7.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €317k | €424k | €465k | €439k | €497k | ▲ 13.2% |
| Non-distributable reserves130/1 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves not available under the articles1311 | €12k | €12k | €12k | €12k | €12k | = |
| Distributable reserves133 | €305k | €412k | €453k | €427k | €485k | ▲ 13.6% |
| Profit (loss) carried forward14 | €283k | €284k | €284k | €284k | €284k | = |
| Amounts payable17/49 | €366k | €368k | €293k | €291k | €351k | ▲ 20.8% |
| Amounts payable after more than one year17 | €180k | €156k | €119k | €88k | €85k | ▼ 3.3% |
| Financial debts170/4 | €180k | €156k | €119k | €88k | €85k | ▼ 3.3% |
| Amounts payable within one year42/48 | €185k | €211k | €170k | €202k | €266k | ▲ 31.9% |
| Current portion of amounts payable after more than one year42 | €49k | €57k | €46k | €34k | €36k | ▲ 5.7% |
| Financial debts43 | €5k | €5k | €5k | €5k | €5k | ▼ 0.6% |
| Credit institutions430/8 | €5k | €5k | €5k | €5k | €5k | ▼ 0.6% |
| Trade debts44 | €4k | €4k | €8k | €7k | €9k | ▲ 36.6% |
| Suppliers440/4 | €4k | €4k | €8k | €7k | €9k | ▲ 36.6% |
| Advances received on contracts in progress46 | €300 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €49k | €83k | €39k | €45k | €56k | ▲ 25.0% |
| Taxes450/3 | €38k | €73k | €22k | €29k | €41k | ▲ 37.7% |
| Remuneration and social security454/9 | €11k | €11k | €17k | €15k | €15k | ▲ 0.5% |
| Other amounts payable47/48 | €76k | €62k | €72k | €111k | €160k | ▲ 43.8% |
| Accrued charges and deferred income492/3 | €2k | €2k | €4k | €1k | €465 | ▼ 65.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €107k | €108k | €61k | €56k | €113k | ▲ 102% |
| + Depreciation and write-downs630 | €16k | €22k | €29k | €33k | €39k | ▲ 15.8% |
| Operating cash flow (approximation) | €123k | €130k | €90k | €89k | €152k | ▲ 69.8% |
| Investment in fixed assets (approximation) | - | €-56k | €-6k | €-72k | €-62k | ▲ 13.9% |
| Change in cash | - | €69k | €-43k | €-68k | €71k | ▲ 204% |
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
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €113k ▲102%
Net result €113k, the highest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €500kEq €511k ▲12.6%
3 profitable years in a row build equity to €511k.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 5.37
Current ratio from 1.66 to 5.37; short-term debt falls from €375k to €124k.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are 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, Libramont-Chevigny · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Libramont,Rue des Mésanges 366800 Libramont-Chevigny1 establishment unit
VANNERUM
since 20032.132.752.064
Recognitions · licences · registrations
Legal Entity Identifier
54930020YJ0JHK5C1D51
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Of 2,016 companies in sector 47770 we hold annual accounts for 897. 550 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
Founded25-07-2003
Fiscal year end31-12
Activities, NACEBEL 2025
47770Retail sale of watches and jewellery
47722Retail trade
Scores and ratios are computed by Checked and are not a credit decision.