VANNESTE
ActiveVANNESTE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.02M and a net result of €363k. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 95% of 10206 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▼-1
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity ample (current ratio 11.61 against 9.1 in 2024), and 7.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
92.3%
Return on assets
16.6%
Age of the figures
8 mo
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
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
48 d early
2023
28 d early
2022
49 d early
2021
2 d early
2020
9 d late
2019
17 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.02M▲ 21.9%
2024 · €1.66M
2018: €758k
2019: €788k
2020: €849k
2021: €1.06M
2022: €1.24M
2023: €1.35M
2024: €1.66M
2018 → 2025
Total assets
€2.19M▲ 19.7%
2024 · €1.83M
2018: €1.29M
2019: €1.19M
2020: €1.43M
2021: €1.46M
2022: €1.49M
2023: €1.67M
2024: €1.83M
2018 → 2025
Net result
€363k▲ 20.0%
2024 · €302k
2018: €145k
2019: €160k
2020: €324k
2021: €310k
2022: €255k
2023: €264k
2024: €302k
2018 → 2025
Working capital
€1.68M▲ 28.9%
2024 · €1.31M
2018: €395k
2019: €300k
2020: €364k
2021: €590k
2022: €775k
2023: €949k
2024: €1.31M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.06M-€1.24M▲ 16.9%€1.35M▲ 8.9%€1.66M▲ 22.3%€2.02M▲ 21.9%
Operating result€427k-€350k▼ 18.1%€360k▲ 2.8%€400k▲ 11.2%€483k▲ 20.8%
Net result€310k-€255k▼ 17.9%€264k▲ 3.5%€302k▲ 14.5%€363k▲ 20.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 21% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.19M
Fixed assets
€344k▼ 4.2%
Current assets
€1.84M▲ 25.6%
Equity and liabilities €2.19M
Equity
€2.02M▲ 21.9%
Provisions
€10k=
Debt
€159k▼ 1.5%
The debt ratio falls from 8.8% to 7.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€531k▲
2024 · €455k
Cash flow
€410k▲
2024 · €357k
Solvency
92.3%▲
2024 · 90.7%
Current ratio
11.61▲
2024 · 9.10
Quick ratio
10.36▲
2024 · 7.80
Debt / equity
0.08▼
2024 · 0.10
ROE
18.0%▼
2024 · 18.3%
ROA
16.6%▲
2024 · 16.6%
Interest coverage
162.05▼
2024 · 203.41
Debt
€159k▼
2024 · €161k
Debt ≤ 1 year
€159k▼
2024 · €161k
Income taxes
€161k▲
2024 · €135k
Staff costs
€71k▲
2024 · €65k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.83M€2.19M▲
Fixed assets21/28€359k€344k▼
Tangible fixed assets22/27€359k€344k▼
Land and buildings22€320k€321k▲
Plant, machinery and equipment23€24k€18k▼
Furniture and vehicles24€16k€5k▼
Financial fixed assets28€146€146=
Current assets29/58€1.47M€1.84M▲
Stocks and contracts in progress3€210k€197k▼
Stocks30/36€210k€197k▼
Amounts receivable within one year40/41€21k€4k▼
Other amounts receivable41€21k€4k▼
Current investments50/53€750k€750k=
Cash at bank and in hand54/58€482k€891k▲
Deferred charges and accrued income490/1€4k€0▼
Equity and liabilities
Total equity and liabilities10/49€1.83M€2.19M▲
Equity10/15€1.66M€2.02M▲
Contributions10/11€19k€19k=
Reserves13€1.63M€2.00M▲
Tax-exempt reserves132€19k€19k=
Distributable reserves133€1.62M€1.98M▲
Profit (loss) carried forward14€2k€2k=
Provisions and deferred taxes16€10k€10k=
Provisions for liabilities and charges160/5€10k€10k=
Major repairs and maintenance162€10k€10k=
Amounts payable17/49€161k€159k▼
Amounts payable within one year42/48€161k€159k▼
Trade debts44€74k€50k▼
Suppliers440/4€74k€50k▼
Taxes, remuneration and social security45€61k€96k▲
Taxes450/3€56k€87k▲
Remuneration and social security454/9€5k€9k▲
Other amounts payable47/48€26k€12k▼
Income statement
Code20242025
Non-recurring operating income76A-€9k
Remuneration, social security and pensions62€65k€71k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€47k▼
Other operating charges640/8€17k€16k▼
Gross operating margin9900€536k€617k▲
Operating profit (loss)9901€400k€483k▲
Financial income75/76B€39k€43k▲
Recurring financial income75€39k€43k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€437k€523k▲
Income taxes67/77€135k€161k▲
Profit (loss) for the period9904€302k€363k▲
Profit (loss) for the period to be appropriated9905€302k€363k▲
Appropriation of the result
Profit (loss) to be appropriated9906€304k€365k▲
Profit (loss) brought forward from the previous period14P€2k€2k=
Transfer from equity791/2€0-
Transfer to equity691/2€302k€363k▲
To other reserves6921€302k€363k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90871.21.0▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-08
State Gazette act
Capital & shares · RestructuringGeneral meeting · Demerger · Accounting effect6 facts ▸
State Gazette act
Capital & shares · Restructuring
General meeting · Demerger · Accounting effect6 facts ▸
- General meeting, 09/07/2026
- Demerger, Partiële splitsing waarbij VANNESTE een deel van haar vermogen afsplitst en overdraagt aan YAGI
- Accounting effect, 01/01/2026
- Real estate, Onroerende goederen begrepen in het overgedragen vermogen van VANNESTE aan YAGI
- Power of attorney, Baker Tilly Accountants & Belastingadviseurs
- Exchange ratio, 1:1
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €363k ▲20%
Operating result €483k, net result €363k, both a record.
31-12
Financial
Equity above €2MEq €2.02M ▲21.9%
8 profitable years in a row build equity to €2.02M.
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 9.10
Current ratio from 4.08 to 9.10; short-term debt falls from €308k to €161k.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.06M ▲25%
4 profitable years in a row build equity to €1.06M.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 9 days late
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 17 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 2002
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.
Brusselsesteenweg 449090 Merelbeke-MelleGround area
2,915 m²
Building footprint
2,057 m²
Volume, LiDAR
8,803 m³
Parcel 44402A0479/00R003, Flanders · tallest building 8.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VANNESTE
since 20022.095.634.025
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44402A0479/00R003 | Flanders | 2,915 m² | 1 · 2,057 m² | 8.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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, comparable size
SUPER MUSIC
BE 0446.483.278
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HFK KESTENS
BE 0450.634.977
Tienen · Eq €1.98M
NAPTON
BE 0864.879.219
Knokke-Heist · Eq €1.95M
ELECTRO CHALLENGE
BE 0438.887.089
Beyne-Heusay · Eq €1.94M
FLASH ELEKTRO
BE 0863.608.420
Aalter · Eq €2.10M
Of 1,503 companies in sector 47540 we hold annual accounts for 801. 386 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2001
Fiscal year end31-12
Activities, NACEBEL
47540Retail sale of electrical household appliances
52450
47789Other retail sale of new goods
52498
61100Wired, wireless and satellite telecommunications
61200Telecommunications
64200Holdings
71402
71403
77220Rental and leasing activities
77222Rental and leasing activities
77229Renting and leasing of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.