Vanneste Projects
ActiveSummary
Vanneste Projects has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €185,239 and a net result of €16,480. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 3940 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▼-6
Solvency68▲+19
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 2.43 against 1.45 in 2023; short-term debt: 21.8% and cash: 1.9% of total assets), but 56.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three 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
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 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
not confirmed
2024
21 d late
2023
61 d late
2022
31 d late
2021
30 d late
2020
31 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 44 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€185,239▲ 53.2%
2023 · €120,950
Total assets
€427,916▼ 15.3%
2023 · €505,370
Net result
€16,480▼ 64.0%
2023 · €45,738
Working capital
€132,990▲ 40.5%
2023 · €94,633
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€10,822▼ 20.3%€25,208▲ 133%€33,735▲ 33.8%€67,533▲ 100%€23,208▼ 65.6%
Net result€4,632within the sector's middle half▲ 6.3%€15,953within the sector's middle half▲ 244%€25,968within the sector's middle half▲ 62.8%€45,738above the sector's middle half▲ 76.1%€16,480within the sector's middle half▼ 64.0%
Equity€105,004within the sector's middle half▲ 4.6%€120,957within the sector's middle half▲ 15.2%€146,925within the sector's middle half▲ 21.5%€120,950within the sector's middle half▼ 17.7%€185,239within the sector's middle half▲ 53.2%
Total assets€421,322within the sector's middle half▼ 8.3%€408,935within the sector's middle half▼ 2.9%€463,327within the sector's middle half▲ 13.3%€505,370within the sector's middle half▲ 9.1%€427,916within the sector's middle half▼ 15.3%
Debt€316,318▼ 11.9%€287,978▼ 9.0%€316,402▲ 9.9%€384,420▲ 21.5%€242,677▼ 36.9%
Working capital€84,963▲ 25.1%€98,166▲ 15.5%€19,698▼ 79.9%€94,633▲ 380%€132,990▲ 40.5%
Solvency24.9%within the sector's middle half▲ 3.1pp29.6%within the sector's middle half▲ 4.7pp31.7%within the sector's middle half▲ 2.1pp23.9%within the sector's middle half▼ 7.8pp43.3%within the sector's middle half▲ 19.4pp
Staff (FTE)3above the sector's middle half▲ 7.1%2.4▼ 20.0%2.7▲ 12.5%3.8▲ 40.7%3.3▼ 13.2%
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 66% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €427,916
Fixed assets
€201,803 ▲ 0.5%
Current assets
€226,113 ▼ 25.8%
Equity and liabilities €427,916
Equity
€185,239 ▲ 53.2%
Debt
€242,677 ▼ 36.9%
Debt's share of the balance-sheet total falls from 76.1% to 56.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€72,599▼
2023 · €105,049
Cash flow
€65,871▼
2023 · €83,255
Current ratio
2.43▲
2023 · 1.45
Debt to equity
1.31▼
2023 · 3.18
ROE
8.9%▼
2023 · 37.8%
ROA
3.9%▼
2023 · 9.1%
Interest coverage
6.97▼
2023 · 12.42
Debt ≤ 1 year
€93,123▼
2023 · €209,920
Debt > 1 year
€149,554▼
2023 · €174,500
Income taxes
€7,143▼
2023 · €19,726
Staff costs
€95,961▼
2023 · €109,812
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,891 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €35,518 | - | - | - |
| Remuneration, social security and pensions62 | - | €52,296 | €72,964 | €109,812 | €95,961 | ▼ 12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57,234 | €45,984 | €34,897 | €37,516 | €49,390 | ▲ 31.7% |
| Other operating charges640/8 | - | €3,841 | €1,993 | €1,468 | €14,381 | ▲ 880% |
| Gross operating margin9900 | €131,154 | €127,329 | €143,589 | €216,329 | €182,940 | ▼ 15.4% |
| Operating profit (loss)9901 | €10,822 | €25,208 | €33,735 | €67,533 | €23,208 | ▼ 65.6% |
| Financial income75/76B | - | €5,688 | €5,364 | €6,388 | €10,837 | ▲ 69.6% |
| Recurring financial income75 | €7,805 | €5,688 | €5,364 | €6,388 | €10,837 | ▲ 69.6% |
| Financial charges65/66B | - | €9,701 | €9,028 | €8,456 | €10,422 | ▲ 23.2% |
| Recurring financial charges65 | €10,627 | €9,701 | €9,028 | €8,456 | €10,422 | ▲ 23.2% |
| Profit (loss) for the period before taxes9903 | €8,000 | €21,195 | €30,070 | €65,465 | €23,623 | ▼ 63.9% |
| Income taxes67/77 | €3,368 | €5,241 | €4,102 | €19,726 | €7,143 | ▼ 63.8% |
| Profit (loss) for the period9904 | €4,632 | €15,953 | €25,968 | €45,738 | €16,480 | ▼ 64.0% |
| Profit (loss) for the period to be appropriated9905 | €4,632 | €15,953 | €25,968 | €45,738 | €16,480 | ▼ 64.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €421,322 | €408,935 | €463,327 | €505,370 | €427,916 | ▼ 15.3% |
| Fixed assets21/28 | €236,492 | €209,785 | €311,131 | €200,817 | €201,803 | ▲ 0.5% |
| Tangible fixed assets22/27 | €236,492 | €209,785 | €311,131 | €200,817 | €201,803 | ▲ 0.5% |
| Land and buildings22 | - | €168,116 | €161,596 | €143,794 | €125,992 | ▼ 12.4% |
| Plant, machinery and equipment23 | - | €28,013 | €45,472 | €29,930 | €44,398 | ▲ 48.3% |
| Furniture and vehicles24 | - | €13,656 | €4,186 | €27,094 | €31,414 | ▲ 15.9% |
| Assets under construction and advance payments27 | - | - | €99,877 | - | - | - |
| Current assets29/58 | €184,830 | €199,151 | €152,196 | €304,553 | €226,113 | ▼ 25.8% |
| Amounts receivable within one year40/41 | €160,604 | €158,111 | €125,628 | €261,174 | €176,441 | ▼ 32.4% |
| Trade receivables40 | - | €59,989 | €62,302 | €93,620 | €11,504 | ▼ 87.7% |
| Other amounts receivable41 | - | €98,122 | €63,326 | €167,554 | €164,937 | ▼ 1.6% |
| Current investments50/53 | - | - | - | - | €29,107 | - |
| Cash at bank and in hand54/58 | €11,176 | €34,011 | €18,600 | €37,694 | €7,989 | ▼ 78.8% |
| Deferred charges and accrued income490/1 | - | €7,029 | €7,969 | €5,685 | €12,576 | ▲ 121% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €421,322 | €408,935 | €463,327 | €505,370 | €427,916 | ▼ 15.3% |
| Equity10/15 | €105,004 | €120,957 | €146,925 | €120,950 | €185,239 | ▲ 53.2% |
| Contributions10/11 | - | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Reserves13 | €4,500 | €4,500 | €101,925 | €75,950 | €140,239 | ▲ 84.6% |
| Non-distributable reserves130/1 | - | €4,500 | €4,500 | €4,500 | €4,500 | = |
| Reserves not available under the articles1311 | - | €4,500 | €4,500 | €4,500 | €4,500 | = |
| Distributable reserves133 | - | - | €97,425 | €71,450 | €135,739 | ▲ 90.0% |
| Profit (loss) carried forward14 | €55,504 | €71,457 | - | - | €0 | - |
| Amounts payable17/49 | €316,318 | €287,978 | €316,402 | €384,420 | €242,677 | ▼ 36.9% |
| Amounts payable after more than one year17 | €216,452 | €186,994 | €183,904 | €174,500 | €149,554 | ▼ 14.3% |
| Financial debts170/4 | - | €186,994 | €183,904 | €174,500 | €149,554 | ▼ 14.3% |
| Amounts payable within one year42/48 | €99,866 | €100,984 | €132,498 | €209,920 | €93,123 | ▼ 55.6% |
| Current portion of amounts payable after more than one year42 | - | €21,775 | €23,544 | €31,879 | €49,371 | ▲ 54.9% |
| Financial debts43 | - | €4,474 | - | €134 | €9,494 | ▲ 6,983% |
| Credit institutions430/8 | - | €4,474 | - | €134 | €9,494 | ▲ 6,983% |
| Trade debts44 | €43,738 | €57,312 | €90,087 | €68,910 | €10,928 | ▼ 84.1% |
| Suppliers440/4 | - | €57,312 | €90,087 | €68,910 | €10,928 | ▼ 84.1% |
| Taxes, remuneration and social security45 | - | €17,424 | €18,867 | €37,284 | €23,329 | ▼ 37.4% |
| Taxes450/3 | - | €9,791 | €12,156 | €26,351 | €21,901 | ▼ 16.9% |
| Remuneration and social security454/9 | - | €7,633 | €6,711 | €10,933 | €1,428 | ▼ 86.9% |
| Other amounts payable47/48 | - | - | - | €71,714 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,632 | €15,953 | €25,968 | €45,738 | €16,480 | ▼ 64.0% |
| + Depreciation and write-downs630 | €57,234 | €45,984 | €34,897 | €37,516 | €49,390 | ▲ 31.7% |
| Operating cash flow (approximation) | €61,867 | €61,938 | €60,865 | €83,255 | €65,871 | ▼ 20.9% |
| Investment in fixed assets (approximation) | - | -€19,277 | -€136,243 | €72,797 | -€50,376 | ▼ 169% |
| Change in cash | - | €22,834 | -€15,411 | €19,094 | -€29,705 | ▼ 256% |
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
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Equity above €150,000Eq €185,239 ▲53.2%
7 profitable years in a row build equity to €185,239.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Highest result since 2018net €45,738 ▲76.1%
Operating result €67,533, net result €45,738, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
31-12
Financial
Weakest financial yearnet €4,356 ▼80.3%
Net result drops to €4,356, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100,000Eq €100,372 ▲4.5%
2 profitable years in a row build equity to €100,372.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Steenokkerzeel · 1 establishment unit since 2011
Ground area
781 m²
Building footprint
172 m²
Volume, LiDAR
672 m³
Parcel 23065B0131/00Z005, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Bart De Tuinman
since 20112.197.061.876
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23065B0131/00Z005 | Flanders | 781 m² | 1 · 172 m² | 5.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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 2025 · 3 entries · 2,752 EUR awarded · 2,752 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 674 EUR | 674 EUR |
| 2022 | 1 | 78 EUR | 78 EUR |
Recognitions · licences · registrations
Dual-learning approval
6 live approvals · 7 endedGroenaanleg en –beheer duaal (so)
Medewerker groen- en tuinaanleg (vwo)
Medewerker groen- en tuinaanleg duaal (so)
Medewerker groen- en tuinbeheer (vwo)
Medewerker groen- en tuinbeheer duaal (so)
Tuinaanlegger-groenbeheerder duaal (so)
Show 7 ended approvals
Groenaanleg en –beheer duaal (so)
Medewerker groen- en tuinaanleg (vwo)
Medewerker groen- en tuinaanleg duaal (so)
Medewerker groen- en tuinbeheer (vwo)
Medewerker groen- en tuinbeheer duaal (so)
Tuinaanlegger-groenbeheerder duaal (so)
Tuinaanlegger/groenbeheerder (so)
Similar companies · same sector, comparable size
CENSE DE CHANTRAINE
BE 0452.805.007
Anthisnes · Eq €185,303
VINCAP
BE 0426.973.412
Chastre · Eq €185,427
R&N
BE 0811.445.877
Wellen · Eq €185,843
AGRILERY
BE 0525.714.066
Léglise · Eq €183,953
WILMAR
BE 0450.378.423
Pittem · Eq €186,910
Of 20,584 companies in sector 01500 we hold annual accounts for 1,149. 930 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 (pre-2019)
Founded31-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
01500Mixed farming
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0833310766
Also
9925:BE0833310766
Registered
11-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.