VANODA
ActiveSummary
VANODA has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €976,802 and a net result of -€35,206. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 55% of 19375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability32▲+3
Solvency63▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.55 in 2023; short-term debt: 62.2% and cash: 0.3% of total assets), and 62.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
37.8%
Return on assets
-1.4%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€35,206
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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
71 d late
2023
177 d late
2022
121 d late
2021
486 d late
2020
201 d late
2019
122 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 196 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€976,802▼ 3.5%
2023 · €1.0m
Total assets
€2.6m▼ 1.4%
2023 · €2.6m
Net result
-€35,206▲ 54.8%
2023 · -€77,822
Working capital
€448,299▼ 36.5%
2023 · €706,516
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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-€92,243€231,994€60,989▼ 73.7%-€60,480€32,322
Net result-€88,695below the sector's middle half€171,403above the sector's middle half€44,697within the sector's middle half▼ 73.9%-€77,822below the sector's middle half-€35,206below the sector's middle half▲ 54.8%
Equity€873,729within the sector's middle half▼ 9.2%€1.0mwithin the sector's middle half▲ 19.6%€1.1mwithin the sector's middle half▲ 4.3%€1.0mabove the sector's middle half▼ 7.1%€976,802above the sector's middle half▼ 3.5%
Total assets€2.4mwithin the sector's middle half▼ 3.2%€2.7mwithin the sector's middle half▲ 10.9%€2.8mwithin the sector's middle half▲ 4.1%€2.6mabove the sector's middle half▼ 6.3%€2.6mabove the sector's middle half▼ 1.4%
Debt€1.6m▲ 3.9%€1.6m▲ 5.9%€1.7m▲ 3.9%€1.6m▼ 5.8%€1.6m▼ 0.2%
Working capital€535,387above the sector's middle half▲ 14.9%€680,834above the sector's middle half▲ 27.2%€815,803above the sector's middle half▲ 19.8%€706,516above the sector's middle half▼ 13.4%€448,299above the sector's middle half▼ 36.5%
Solvency36.0%within the sector's middle half▼ 2.4pp38.9%within the sector's middle half▲ 2.8pp38.9%within the sector's middle half▲ 0.1pp38.6%within the sector's middle half▼ 0.3pp37.8%within the sector's middle half▼ 0.8pp
Current ratio1.44within the sector's middle half▲ 0.071.56within the sector's middle half▲ 0.121.64within the sector's middle half▲ 0.081.55within the sector's middle half▼ 0.101.28within the sector's middle half▼ 0.27
Return on assets (ROA)-3.7%below the sector's middle half▼ 11.6pp6.4%above the sector's middle half▲ 10.0pp1.6%within the sector's middle half▼ 4.8pp-3.0%below the sector's middle half▼ 4.6pp-1.4%within the sector's middle half▲ 1.6pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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 returns to profit in 2024: €32,322 after a loss of €60,480 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.6m
Fixed assets
€528,502 ▼ 14.6%
Current assets
€2.1m ▲ 2.6%
Equity and liabilities €2.6m
Equity
€976,802 ▼ 3.5%
Debt
€1.6m ▼ 0.2%
Debt's share of the balance-sheet total rises from 61.4% to 62.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€122,594▲
2023 · €29,792
Cash flow
€55,066▲
2023 · €12,450
Quick ratio
1.27▼
2023 · 1.54
Debt to equity
1.64▲
2023 · 1.59
ROE
-3.6%▲
2023 · -7.7%
Interest coverage
1.82▲
2023 · 1.72
Debt ≤ 1 year
€1.6m▲
2023 · €1.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
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 497,662 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% | 1.7% |
| 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 75% 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 8,616 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,172 | €55,172 | €90,272 | €90,272 | €90,272 | = |
| Other operating charges640/8 | - | €1,364 | €14,438 | - | - | - |
| Gross operating margin9900 | €307,262 | €288,530 | €165,699 | €29,792 | €122,594 | ▲ 311% |
| Operating profit (loss)9901 | -€92,243 | €231,994 | €60,989 | -€60,480 | €32,322 | ▲ 153% |
| Recurring financial income75 | €13,523 | - | - | - | - | - |
| Financial charges65/66B | - | €5,476 | €2 | €17,343 | €67,527 | ▲ 289% |
| Recurring financial charges65 | €9,975 | €5,476 | €2 | €17,343 | €67,527 | ▲ 289% |
| Profit (loss) for the period before taxes9903 | -€88,695 | €226,518 | €60,986 | -€77,822 | -€35,206 | ▲ 54.8% |
| Income taxes67/77 | €0 | €55,114 | €16,289 | - | - | - |
| Profit (loss) for the period9904 | -€88,695 | €171,403 | €44,697 | -€77,822 | -€35,206 | ▲ 54.8% |
| Profit (loss) for the period to be appropriated9905 | -€88,695 | €171,403 | €44,697 | -€77,822 | -€35,206 | ▲ 54.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.7m | €2.8m | €2.6m | €2.6m | ▼ 1.4% |
| Fixed assets21/28 | €678,990 | €799,318 | €709,046 | €618,774 | €528,502 | ▼ 14.6% |
| Intangible fixed assets21 | - | €175,500 | €140,400 | €105,300 | €70,200 | ▼ 33.3% |
| Tangible fixed assets22/27 | €678,990 | €623,818 | €568,646 | €513,474 | €458,302 | ▼ 10.7% |
| Land and buildings22 | - | €424,358 | €369,186 | €314,015 | €258,843 | ▼ 17.6% |
| Plant, machinery and equipment23 | - | €199,460 | €199,460 | €199,460 | €199,460 | = |
| Current assets29/58 | €1.7m | €1.9m | €2.1m | €2.0m | €2.1m | ▲ 2.6% |
| Stocks and contracts in progress3 | €448,999 | €130,000 | €130,000 | €12,253 | €12,253 | = |
| Stocks30/36 | - | €130,000 | €130,000 | €12,253 | €12,253 | = |
| Amounts receivable within one year40/41 | €1.3m | €1.8m | €2.0m | €2.0m | €2.0m | ▲ 1.1% |
| Trade receivables40 | - | €3,101 | €84,045 | €75,551 | €79,901 | ▲ 5.8% |
| Other amounts receivable41 | - | €1.7m | €1.9m | €1.9m | €1.9m | ▲ 0.9% |
| Cash at bank and in hand54/58 | €9,518 | €8,968 | €4,051 | - | €7,576 | - |
| Deferred charges and accrued income490/1 | - | - | - | €36,251 | €59,031 | ▲ 62.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.7m | €2.8m | €2.6m | €2.6m | ▼ 1.4% |
| Equity10/15 | €873,729 | €1.0m | €1.1m | €1.0m | €976,802 | ▼ 3.5% |
| Contributions10/11 | €175,013 | €175,013 | €175,013 | €175,013 | €175,013 | = |
| Capital10 | - | €175,013 | €175,013 | €175,013 | €175,013 | = |
| Issued capital100 | - | €175,013 | €175,013 | €175,013 | €175,013 | = |
| Reserves13 | €558,085 | €558,085 | €558,085 | €558,085 | €558,085 | = |
| Non-distributable reserves130/1 | - | €17,501 | €17,501 | €17,501 | €17,501 | = |
| Legal reserve130 | - | €17,501 | €17,501 | €17,501 | €17,501 | = |
| Distributable reserves133 | - | €540,583 | €540,583 | €540,583 | €540,583 | = |
| Profit (loss) carried forward14 | €140,631 | €312,035 | €356,732 | €278,910 | €243,704 | ▼ 12.6% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €1.6m | €1.6m | €1.7m | €1.6m | €1.6m | ▼ 0.2% |
| Amounts payable after more than one year17 | €340,648 | €435,020 | €435,020 | €313,284 | - | - |
| Financial debts170/4 | - | €434,400 | €434,400 | €313,284 | - | - |
| Other amounts payable178/9 | - | €620 | €620 | - | - | - |
| Amounts payable within one year42/48 | €1.2m | €1.2m | €1.3m | €1.3m | €1.6m | ▲ 24.0% |
| Current portion of amounts payable after more than one year42 | - | €68,903 | €62,695 | €86,253 | €40,000 | ▼ 53.6% |
| Financial debts43 | - | - | €149,850 | €119,144 | €480,868 | ▲ 304% |
| Credit institutions430/8 | - | - | €149,850 | €94,850 | €480,868 | ▲ 407% |
| Other loans439 | - | - | - | €24,294 | - | - |
| Trade debts44 | €793,138 | €826,202 | €752,659 | €747,650 | €749,969 | ▲ 0.3% |
| Suppliers440/4 | - | €826,202 | €752,659 | €747,650 | €749,969 | ▲ 0.3% |
| Taxes, remuneration and social security45 | - | €84,573 | €115,284 | €123,226 | €130,388 | ▲ 5.8% |
| Taxes450/3 | - | €83,707 | €114,418 | €122,360 | €129,522 | ▲ 5.9% |
| Remuneration and social security454/9 | - | €866 | €866 | €866 | €866 | = |
| Other amounts payable47/48 | - | €229,475 | €193,224 | €219,450 | €205,210 | ▼ 6.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€88,695 | €171,403 | €44,697 | -€77,822 | -€35,206 | ▲ 54.8% |
| + Depreciation and write-downs630 | €55,172 | €55,172 | €90,272 | €90,272 | €90,272 | = |
| Operating cash flow (approximation) | -€33,523 | €226,575 | €134,969 | €12,450 | €55,066 | ▲ 342% |
| Investment in fixed assets (approximation) | - | -€175,500 | €0 | €0 | €0 | - |
| Change in cash | - | -€551 | -€4,917 | - | - | - |
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
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 177 days late
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 121 days late
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 486 days late
2022
17-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 201 days late
2021
31-12
Financial
Back to profitnet €171,403
Net result €171,403 after one loss-making year.
31-12
Financial
Equity above €1mEq €1.0m ▲19.6%
Equity rises from €873,729 to €1.0m.
2020
31-12
Financial
Weakest financial yearnet -€88,695
Net result drops to -€88,695, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
31-12
Financial
Highest result since 2018net €199,613 ▲103%
Operating result €328,177, net result €199,613, both a record.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 92 days late
24-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 177 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 61 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Bornem · 1 establishment unit since 2012
Ground area
2,764 m²
Building footprint
399 m²
Volume, LiDAR
1,633 m³
Parcel 12007C0380/00G000, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Cesar Van Kerckhovenstraat(HIN) 123, 2880 Bornem
since 20122.320.137.753
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007C0380/00G000 | Flanders | 2,764 m² | 1 · 399 m² | 6.2 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.
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INTRAPLUSWONINGEN
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CRONUS
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,262 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-01-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
35150Electricity, gas, steam and air conditioning supply
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449165725
Also
9925:BE0449165725
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.