VANNESTE PIET
ActiveSummary
VANNESTE PIET has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €174k and a net result of €4k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 78% of 3121 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-16
Solvency93▲+6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 1.5 against 1.42 in 2024; short-term debt: 32.5% and cash: 28.6% of total assets), and 32.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
67.5%
Return on assets
1.4%
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 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
20 d late
2023
1 d early
2022
on the day
2021
16 d early
2020
5 d early
2019
15 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€174k▲ 2.1%
2024 · €170k
2018: €121k
2019: €95k
2020: €149k
2021: €138k
2022: €133k
2023: €133k
2024: €170k
2018 → 2025
Total assets
€257k▼ 6.6%
2024 · €275k
2018: €242k
2019: €183k
2020: €287k
2021: €234k
2022: €275k
2023: €218k
2024: €275k
2018 → 2025
Net result
€4k▼ 90.5%
2024 · €37k
2018: €25k
2019: €-26k
2020: €54k
2021: €-12k
2022: €-5k
2023: €27
2024: €37k
2018 → 2025
Working capital
€42k▲ 3.6%
2024 · €40k
2018: €45k
2019: €9k
2020: €-2k
2021: €-28k
2022: €-32k
2023: €23k
2024: €40k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€138k-€133k▼ 3.4%€133k=€170k▲ 27.8%€174k▲ 2.1%
Operating result€-11k-€10k€-4k€36k€12k▼ 67.7%
Net result€-12k-€-5k▲ 60.2%€27€37k▲ 134,621%€4k▼ 90.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 68% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €257k
Fixed assets
€132k ▼ 4.4%
Current assets
€125k ▼ 8.7%
Equity and liabilities €257k
Equity
€174k ▲ 2.1%
Provisions
€0 ▼ 100%
Debt
€83k ▼ 13.8%
Debt's share of the balance-sheet total falls from 35.2% to 32.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€46k▼
2024 · €62k
Cash flow
€37k▼
2024 · €63k
Current ratio
1.50▲
2024 · 1.42
Debt to equity
0.48▼
2024 · 0.57
ROE
2.0%▼
2024 · 21.8%
ROA
1.4%▼
2024 · 13.5%
Interest coverage
480.34▼
2024 · 1026.10
Debt ≤ 1 year
€83k▼
2024 · €97k
Income taxes
€16k▲
2024 · €3k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€275k€257k▼
Fixed assets21/28€138k€132k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€138k€132k▼
Plant, machinery and equipment23€10k€6k▼
Furniture and vehicles24€128k€126k▼
Current assets29/58€137k€125k▼
Stocks and contracts in progress3€22k-
Stocks30/36€22k-
Amounts receivable within one year40/41€75k€46k▼
Trade receivables40€44k€16k▼
Other amounts receivable41€32k€30k▼
Cash at bank and in hand54/58€40k€74k▲
Deferred charges and accrued income490/1-€6k
Equity and liabilities
Total equity and liabilities10/49€275k€257k▼
Equity10/15€170k€174k▲
Contributions10/11€12k€12k=
Reserves13€158k€161k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€33k-
Distributable reserves133€123k€159k▲
Provisions and deferred taxes16€8k-
Deferred taxes168€8k-
Amounts payable17/49€97k€83k▼
Amounts payable within one year42/48€97k€83k▼
Trade debts44€46k€9k▼
Suppliers440/4€46k€9k▼
Taxes, remuneration and social security45€6k€22k▲
Taxes450/3€6k€22k▲
Other amounts payable47/48€45k€52k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€34k▲
Other operating charges640/8€1k€4k▲
Gross operating margin9900€63k€50k▼
Operating profit (loss)9901€36k€12k▼
Financial income75/76B€2k€0▼
Recurring financial income75€2k€0▼
Financial charges65/66B€60€95▲
Recurring financial charges65€60€95▲
Profit (loss) for the period before taxes9903€38k€12k▼
Transfer from deferred taxes780€3k€8k▲
Income taxes67/77€3k€16k▲
Profit (loss) for the period9904€37k€4k▼
Transfer from tax-exempt reserves789€11k€33k▲
Profit (loss) for the period to be appropriated9905€48k€36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€35k€36k▲
Profit (loss) brought forward from the previous period14P€-13k-
Transfer to equity691/2€35k€36k▲
To other reserves6921€35k€36k▲
The notes to these accounts (9 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Equity above €150kEq €170k ▲27.8%
2 profitable years in a row build equity to €170k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €27
Net result €27 after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €54k
Net result €54k after one loss-making year.
31-12
Financial
Equity above €100kEq €149k ▲56.6%
Equity rises from €95k to €149k.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-26k ▼204%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
Show earlier events
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Zwevegem · 1 establishment unit since 2007
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.
Tontestraat(S) 68554 ZwevegemGround area
5,755 m²
Building footprint
566 m²
Volume, LiDAR
2,754 m³
Parcel 34034D0356/00H000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VANNESTE PIET
since 20072.166.689.889
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34034D0356/00H000 | Flanders | 5,755 m² | 1 · 566 m² | 7.3 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 223 EUR awarded · 223 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 32 EUR | 32 EUR |
| 2023 | 1 | 155 EUR | 155 EUR |
| 2022 | 1 | 36 EUR | 36 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteZwevegem2.166.689.889
Similar companies · same sector, comparable size
VIVARDENT
BE 0773.645.274
Sprimont · Eq €173,542
Op de Venusberg
BE 0823.887.514
Lummen · Eq €174,430
Devrieze David Landbouw
BE 0732.569.635
Rumst · Eq €172,614
GREGOIRE Dimitri Entreprise Agricole
BE 0783.382.688
Ramillies · Eq €172,472
BIOKIP
BE 0474.495.294
Gouvy · Eq €174,667
Of 20,588 companies in sector 01500 we hold annual accounts for 1,149. 928 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-11-2007
Fiscal year end31-12
Activities, NACEBEL 2025
01500Mixed farming
49410Freight transport by road
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.