Active BE 0885.342.952Private limited company

VANODEL

Scherminkelstraat 2 ·8800 Roeselare, Belgium· 19 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

VANODEL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €935k and a net result of €22k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 71% of 5394 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€935k
Net result	€22k
Better than sector	71%
Active	19 yrs

Financial profile 4 of 5 axes measured · computed by Checked

66 / 100

Strong profile, led by solvency.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 12

Solvency 100

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2006, 19 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview18 NBB filings

Annual accounts filed on 28-04-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 4 fiscal years (±1.6%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	74.7%	51.9%	better than 71% of 5394 sector peers
Net result	€22k	€53k	better than 36% of 5395 sector peers
Equity	€935k	€623k	better than 60% of 5395 sector peers
Gross operating margin	€72k	€87k	better than 45% of 5391 sector peers
Total assets	€1.25M	€1.55M	better than 44% of 5395 sector peers

Net profit

€22k

-39.8% 22-25

Total assets

€1.25M

+2.3% 22-25

Equity

€935k

-0.5% 22-25

Income taxes

€9k

-34.4% 22-25

Dividends

€26k

+7.9% 22-25

Debt

€180k

+22.0% 22-25

Debt ≤ 1y

€128k

+4.4% 22-25

Debt > 1y

€50k

+101.0% 22-25

Solvency

74.7%

-2.7% 22-25

ROE

2.3%

-39.5% 22-25

ROA

1.7%

-41.1% 22-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a
Net profit	€22k	€36k	€75k	€299k
Cash flow	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-
Income taxes	€9k	€14k	€30k	€61k
Dividends	€26k	€24k	€27k	€2k
Total assets	€1.25M	€1.22M	€1.23M	€1.22M
Equity	€935k	€939k	€928k	€880k
Debt	€180k	€147k	€170k	€205k
of which ≤ 1y	€128k	€123k	€124k	€138k
of which > 1y	€50k	€25k	€46k	€67k
Working capital	n/a	n/a	n/a	n/a
Employees (FTE)	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022
Current ratio	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a
Solvency	74.7%	76.8%	75.1%	72.0%
Debt / equity	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a
ROA	1.7%	2.9%	6.0%	24.4%
ROE	2.3%	3.8%	8.1%	33.9%
EBITDA margin	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a

Balance-sheet composition 2025

Assets

Fixed assets €901k · 72.0% Current assets €351k · 28.0%

Equity & liabilities

Equity €935k · 74.7% Provisions €137k · 11.0% Debt €180k · 14.4%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.25M	€1.22M	€1.23M	€1.22M
Fixed assets	21/28	€901k	€860k	€882k	€903k
Tangible fixed assets	22/27	€149k	€108k	€129k	€151k
Financial fixed assets	28	€752k	€752k	€752k	€752k
Current assets	29/58	€351k	€364k	€353k	€319k
Amounts receivable within one year	40/41	€167k	€157k	€112k	€64k
Cash & bank	54/58	€1k	€37	€12k	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.25M	€1.22M	€1.23M	€1.22M
Equity	10/15	€935k	€939k	€928k	€880k
Contributions / capital	10/11	€125k	€125k	€125k	€125k
Reserves	13	€810k	€814k	€803k	€755k
Accumulated profits (losses)	14	€0	€0	€0	€0
Provisions & deferred taxes	16	€137k	€137k	€137k	€137k
Amounts payable	17/49	€180k	€147k	€170k	€205k
Amounts payable after one year	17	€50k	€25k	€46k	€67k
Amounts payable within one year	42/48	€128k	€123k	€124k	€138k
Trade debts payable within one year	44	€31k	€8k	€7k	€6k
Income statement
Gross operating margin	9900	€72k	€77k	€132k	€177k
Operating result	9901	€31k	€52k	€107k	€152k
Financial income	75	€9k	€8k	€7k	€219k
Financial charges	65	€9k	€10k	€10k	€11k
Result before taxes	9903	€31k	€50k	€104k	€360k
Income taxes	67/77	€9k	€14k	€30k	€61k
Net result for the period	9904	€22k	€36k	€75k	€299k
Result to be appropriated	9905	€22k	€36k	€75k	€299k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company(610)
Incorporation	30-11-2006
Status	Active
Postal code	8800

Establishment units 1 location

VANODEL

Scherminkelstraat 2, 8800 RoeselareNACE 7415101

since 20062.157.874.569

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
36017C0295/00D000	Flanders	3,300 m²	1 · 213 m²	8.6 m · 2 fl.

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.

Updates 10 events

All 11Financial 1Filings 10

Next filing, fiscal year 2026, expected by 30-04-2027

2026

28-04

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

30-09

Financial Weakest financial yearnet €22k ▼39.8%

Net result drops to €22k, the lowest in the series.

19-03

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

26-02

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

28-04

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

28-04

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

25-03

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-03

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

09-05

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 9 days late

2018

30-04

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

26-04

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies6421074151

Names & trade names

Legal nameNL

VANODEL

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