Summary
VANNEVER has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €22,000 and a net result of €27,835. Equity is growing by about 8.7% per year across the filed financial years. Its solvency ranks better than 13% of 39,137 sector peers (NACE 70, financial year 2025). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€22,000▼ 83.9%
2024 · €136,258
Total assets
€419,621▼ 2.3%
2024 · €429,448
Net result
€27,835▼ 5.5%
2024 · €29,448
Working capital
-€213,429
2024 · €128,568
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen three years in a row; 2025 is 1% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€31,759
2025
Net result€27,835
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€419,621
2025
Equity€22,000
2025
Debt€397,621
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€213,429
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)6.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency5.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.46
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€3,732-€19,252▲ 416%€22,428▲ 16.5%€20,335▼ 9.3%€37,625▲ 85.0%€34,920▼ 7.2%€31,983▼ 8.4%€31,759▼ 0.7%
Net result€802-€14,081▲ 18×€17,170within the sector's middle half▲ 21.9%€15,063within the sector's middle half▼ 12.3%€35,337within the sector's middle half▲ 135%€36,411within the sector's middle half▲ 3.0%€29,448within the sector's middle half▼ 19.1%€27,835within the sector's middle half▼ 5.5%
Equity€65,894-€79,975▲ 21.4%€58,992within the sector's middle half▼ 26.2%€45,817within the sector's middle half▼ 22.3%€81,153within the sector's middle half▲ 77.1%€115,564within the sector's middle half▲ 42.4%€136,258within the sector's middle half▲ 17.9%€22,000within the sector's middle half▼ 83.9%
Total assets€85,059-€84,034▼ 1.2%€112,589within the sector's middle half▲ 34.0%€134,183within the sector's middle half▲ 19.2%€363,663within the sector's middle half▲ 171%€407,210within the sector's middle half▲ 12.0%€429,448within the sector's middle half▲ 5.5%€419,621within the sector's middle half▼ 2.3%
Debt€19,165-€4,059▼ 78.8%€53,597▲ 13×€88,367▲ 64.9%€282,510▲ 220%€291,646▲ 3.2%€293,190▲ 0.5%€397,621▲ 35.6%
Working capital€60,100-€76,487▲ 27.3%€57,080within the sector's middle half▼ 25.4%€44,988within the sector's middle half▼ 21.2%€69,751within the sector's middle half▲ 55.0%€106,082within the sector's middle half▲ 52.1%€128,568within the sector's middle half▲ 21.2%-€213,429below the sector's middle half
Solvency77.5%-95.2%▲ 17.7pp52.4%within the sector's middle half▼ 42.8pp34.1%within the sector's middle half▼ 18.3pp22.3%below the sector's middle half▼ 11.8pp28.4%within the sector's middle half▲ 6.1pp31.7%within the sector's middle half▲ 3.3pp5.2%below the sector's middle half▼ 26.5pp
Current ratio4.26-21.70▲ 17.432.06within the sector's middle half▼ 19.631.51within the sector's middle half▼ 0.561.28within the sector's middle half▼ 0.231.40within the sector's middle half▲ 0.121.46within the sector's middle half▲ 0.070.46below the sector's middle half▼ 1.01
Return on assets (ROA)0.9%-16.8%▲ 15.8pp15.2%within the sector's middle half▼ 1.5pp11.2%within the sector's middle half▼ 4.0pp9.7%within the sector's middle half▼ 1.5pp8.9%within the sector's middle half▼ 0.8pp6.9%within the sector's middle half▼ 2.1pp6.6%within the sector's middle half▼ 0.2pp
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €419,621
Fixed assets
€241,375 ▲ 975%
Current assets
€178,246 ▼ 56.2%
Equity and liabilities €419,621
Equity
€22,000 ▼ 83.9%
Debt
€397,621 ▲ 35.6%
Debt's share of the balance-sheet total rises from 68.3% to 94.8%. Equity is lower and debt is higher.
Key figures and ratios
ROE
126.5%▲
2024 · 21.6%
Debt ≤ 1 year
€391,675▲
2024 · €278,435
Debt > 1 year
€5,946▼
2024 · €14,755
Income taxes
€10,168▲
2024 · €8,156
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €10,000 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,633 | €1,939 | €1,939 | €1,084 | €8,482 | €10,469 | €10,469 | €10,091 | ▼ 3.6% |
| Other operating charges640/8 | - | - | - | €714 | €622 | €516 | €528 | €544 | ▲ 3.0% |
| Gross operating margin9900 | €10,969 | €23,359 | €25,273 | €22,132 | €46,729 | €45,904 | €42,979 | €42,395 | ▼ 1.4% |
| Operating profit (loss)9901 | €3,732 | €19,252 | €22,428 | €20,335 | €37,625 | €34,920 | €31,983 | €31,759 | ▼ 0.7% |
| Financial income75/76B | - | - | - | €0 | €6,761 | €11,650 | €6,087 | €6,621 | ▲ 8.8% |
| Recurring financial income75 | €49 | €22 | €38 | €0 | €6,761 | €11,650 | €6,087 | €6,621 | ▲ 8.8% |
| Financial charges65/66B | - | - | - | €104 | €440 | €685 | €466 | €377 | ▼ 19.1% |
| Recurring financial charges65 | €978 | €608 | €340 | €104 | €440 | €685 | €466 | €377 | ▼ 19.1% |
| Profit (loss) for the period before taxes9903 | €2,803 | €18,666 | €22,126 | €20,231 | €43,946 | €45,885 | €37,604 | €38,003 | ▲ 1.1% |
| Income taxes67/77 | €2,000 | €4,585 | €4,956 | €5,168 | €8,610 | €9,474 | €8,156 | €10,168 | ▲ 24.7% |
| Profit (loss) for the period9904 | €802 | €14,081 | €17,170 | €15,063 | €35,337 | €36,411 | €29,448 | €27,835 | ▼ 5.5% |
| Profit (loss) for the period to be appropriated9905 | €802 | €14,081 | €17,170 | €15,063 | €35,337 | €36,411 | €29,448 | €27,835 | ▼ 5.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €85,059 | €84,034 | €112,589 | €134,183 | €363,663 | €407,210 | €429,448 | €419,621 | ▼ 2.3% |
| Fixed assets21/28 | €6,540 | €3,851 | €1,912 | €829 | €43,383 | €32,914 | €22,446 | €241,375 | ▲ 975% |
| Tangible fixed assets22/27 | €5,790 | €3,851 | €1,912 | €829 | €43,383 | €32,914 | €22,446 | €15,997 | ▼ 28.7% |
| Furniture and vehicles24 | - | - | - | €829 | €43,383 | €32,914 | €22,446 | €12,584 | ▼ 43.9% |
| Other tangible fixed assets26 | - | - | - | - | - | - | - | €3,413 | - |
| Financial fixed assets28 | €750 | €0 | - | - | - | - | - | €225,378 | - |
| Current assets29/58 | €78,519 | €80,182 | €110,676 | €133,355 | €320,280 | €374,295 | €407,002 | €178,246 | ▼ 56.2% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €304,349 | €310,436 | €125,503 | ▼ 59.6% |
| Other amounts receivable291 | - | - | - | - | - | €304,349 | €310,436 | €125,503 | ▼ 59.6% |
| Amounts receivable within one year40/41 | €34,088 | €32,833 | €0 | - | €312,641 | €57,677 | €66,176 | €24,402 | ▼ 63.1% |
| Trade receivables40 | - | - | - | - | €41,641 | €57,677 | €64,332 | €24,402 | ▼ 62.1% |
| Other amounts receivable41 | - | - | - | - | €271,000 | €0 | €1,844 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €44,431 | €47,350 | €110,622 | €133,073 | €855 | €12,201 | €30,345 | €28,341 | ▼ 6.6% |
| Deferred charges and accrued income490/1 | - | - | - | €281 | €6,784 | €68 | €45 | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €85,059 | €84,034 | €112,589 | €134,183 | €363,663 | €407,210 | €429,448 | €419,621 | ▼ 2.3% |
| Equity10/15 | €65,894 | €79,975 | €58,992 | €45,817 | €81,153 | €115,564 | €136,258 | €22,000 | ▼ 83.9% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €45,894 | €59,975 | €38,992 | €25,817 | €61,153 | €95,564 | €116,258 | €2,000 | ▼ 98.3% |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | - | - | €23,817 | €59,153 | €93,564 | €114,258 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €19,165 | €4,059 | €53,597 | €88,367 | €282,510 | €291,646 | €293,190 | €397,621 | ▲ 35.6% |
| Amounts payable after more than one year17 | - | - | - | - | €31,981 | €23,433 | €14,755 | €5,946 | ▼ 59.7% |
| Financial debts170/4 | - | - | - | - | €31,981 | €23,433 | €14,755 | €5,946 | ▼ 59.7% |
| Amounts payable within one year42/48 | €18,420 | €3,696 | €53,597 | €88,367 | €250,528 | €268,213 | €278,435 | €391,675 | ▲ 40.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €8,421 | €8,549 | €8,678 | €8,809 | ▲ 1.5% |
| Trade debts44 | €8,401 | €805 | €1,966 | €878 | €2,944 | €2,090 | €1,082 | €940 | ▼ 13.1% |
| Suppliers440/4 | - | - | - | €878 | €2,944 | €2,090 | €1,082 | €940 | ▼ 13.1% |
| Taxes, remuneration and social security45 | - | - | - | €12,017 | €10,304 | €8,063 | €25,406 | €23,700 | ▼ 6.7% |
| Taxes450/3 | - | - | - | €9,767 | €8,054 | €8,063 | €5,606 | €23,700 | ▲ 323% |
| Remuneration and social security454/9 | - | - | - | €2,250 | €2,250 | €0 | €19,800 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €75,472 | €228,859 | €249,512 | €243,269 | €358,227 | ▲ 47.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €802 | €14,081 | €17,170 | €15,063 | €35,337 | €36,411 | €29,448 | €27,835 | ▼ 5.5% |
| + Depreciation and write-downs630 | €5,633 | €1,939 | €1,939 | €1,084 | €8,482 | €10,469 | €10,469 | €10,091 | ▼ 3.6% |
| Operating cash flow (approximation) | €6,436 | €16,020 | €19,108 | €16,147 | €43,818 | €46,880 | €39,916 | €37,927 | ▼ 5.0% |
| Investment in fixed assets (approximation) | - | €750 | €0 | €0 | -€51,036 | €0 | €0 | -€229,021 | - |
| Change in cash | - | €2,919 | €63,273 | €22,451 | -€132,218 | €11,347 | €18,144 | -€2,004 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 25-06-2026 | 2026-00196361 |
| 31-12-2024 | micro format | 22-07-2025 | 2025-00293627 |
| 31-12-2023 | micro format | 22-07-2024 | 2024-00268660 |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00409477 |
| 31-12-2021 | micro format | 29-09-2022 | 2022-20439830 |
| 31-12-2020 | micro format | 29-07-2021 | 2021-43100556 |
| 31-12-2019 | micro format | 15-07-2020 | 2020-30200080 |
| 31-12-2018 | micro format | 12-08-2019 | 2019-45700427 |
| 31-12-2017 | micro format | 27-08-2018 | 2018-50400154 |
| 31-12-2016 | micro format | 26-07-2017 | 2017-35600433 |
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Of the 82,449 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,257. 33,053 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.