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VANODIMA

Active
Private limited company (pre-2019)founded 1990active for 36 yearsHasseltsesteenweg 157, 3720 Hasselt, BelgiumKBO/BCE: BE 0439.835.513
Summary

VANODIMA has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €217,006 and a net result of -€21,690. Equity remains stable across the filed financial years (±1.4% per year). The computed 12-month bankruptcy probability is 0.8% (low).

Financials · financial year 2025, abbreviated format

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€217,006▼ 9.1%
2024 · €238,696
Total assets
€696,989▼ 2.8%
2024 · €717,364
Net result
-€21,690▼ 45.1%
2024 · -€14,946
Working capital
-€176,443▼ 6.6%
2024 · -€165,547
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result stays negative: a loss of €21,072 in 2025 against €14,178 in 2024; the loss grows and 2025 has the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€21,072 2025 Net result-€21,690 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€4,003-€1,097-€1,038€1,418€906▼ 36.1%€872▼ 3.7%-€14,178-€21,072▼ 48.6%
Net result-€6,455--€2,062▲ 68.1%-€2,062=-€4,102▼ 99.0%€606€372▼ 38.7%-€14,946-€21,690▼ 45.1%
Equity€260,197-€260,197=€258,136▼ 0.8%€252,664▼ 2.1%€253,270▲ 0.2%€253,642▲ 0.1%€238,696▼ 5.9%€217,006▼ 9.1%
Total assets€707,252-€664,729▼ 6.0%€637,449▼ 4.1%€601,125▼ 5.7%€586,925▼ 2.4%€725,823▲ 23.7%€717,364▼ 1.2%€696,989▼ 2.8%
Debt€448,332-€404,532▼ 9.8%€379,314▼ 6.2%€348,460▼ 8.1%€333,655▼ 4.2%€472,181▲ 41.5%€478,668▲ 1.4%€479,983▲ 0.3%
Working capital-€163,761--€194,362▼ 18.7%-€198,079▼ 1.9%-€182,762▲ 7.7%-€171,762▲ 6.0%-€160,996▲ 6.3%-€165,547▼ 2.8%-€176,443▼ 6.6%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €696,989
Fixed assets €393,849 ▼ 2.6%
Current assets €303,140 ▼ 3.2%
Equity and liabilities €696,989
Equity €217,006 ▼ 9.1%
Debt €479,983 ▲ 0.3%
Debt's share of the balance-sheet total rises from 66.7% to 68.9%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€10,677▼
2024 · -€3,784
Cash flow
-€11,296▼
2024 · -€4,552
Current ratio
0.63▼
2024 · 0.65
Debt to equity
2.21▲
2024 · 2.01
ROE
-10.0%▼
2024 · -6.3%
ROA
-3.1%▼
2024 · -2.1%
Interest coverage
-2.64▼
2024 · -0.39
Debt ≤ 1 year
€479,583▲
2024 · €478,668
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of 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 higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,470 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

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 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€717,364€696,989▼
Fixed assets21/28€404,243€393,849▼
Tangible fixed assets22/27€179,815€169,421▼
Land and buildings22€179,815€169,421▼
Financial fixed assets28€224,428€224,428=
Current assets29/58€313,121€303,140▼
Amounts receivable after more than one year29€107,657€107,657=
Other amounts receivable291€107,657€107,657=
Amounts receivable within one year40/41€201,930€195,346▼
Other amounts receivable41€201,930€195,346▼
Cash at bank and in hand54/58€66€71▲
Deferred charges and accrued income490/1€3,468€66▼
Equity and liabilities
Total equity and liabilities10/49€717,364€696,989▼
Equity10/15€238,696€217,006▼
Contributions10/11€191,000€191,000=
Reserves13€47,696€26,006▼
Non-distributable reserves130/1€19,100€19,100=
Reserves not available under the articles1311€19,100€19,100=
Distributable reserves133€28,596€6,906▼
Amounts payable17/49€478,668€479,983▲
Amounts payable within one year42/48€478,668€479,583▲
Financial debts43€150,000€0▼
Credit institutions430/8€150,000€0▼
Trade debts44€472€296▼
Suppliers440/4€472€296▼
Other amounts payable47/48€328,196€479,288▲
Accrued charges and deferred income492/3-€400
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,394€10,394=
Other operating charges640/8€3,974€4,085▲
Gross operating margin9900€190-€6,592▼
Operating profit (loss)9901-€14,178-€21,072▼
Financial income75/76B€8,979€3,425▼
Recurring financial income75€8,979€3,425▼
Financial charges65/66B€9,747€4,043▼
Recurring financial charges65€9,747€4,043▼
Profit (loss) for the period before taxes9903-€14,946-€21,690▼
Profit (loss) for the period9904-€14,946-€21,690▼
Profit (loss) for the period to be appropriated9905-€14,946-€21,690▼
Appropriation of the result
Profit (loss) to be appropriated9906-€14,946-€21,690▼
Transfer from equity791/2€14,946€21,690▲
Transfer to equity691/2€0-
To other reserves6921€0-

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,350€10,394€10,394€10,394€10,394€10,394€10,394€10,394=
Other operating charges640/8---€4,145€3,491€3,826€3,974€4,085▲ 2.8%
Gross operating margin9900€15,178€15,178€13,181€15,957€14,791€15,092€190-€6,592▼ 3,567%
Operating profit (loss)9901-€4,003€1,097-€1,038€1,418€906€872-€14,178-€21,072▼ 48.6%
Financial income75/76B-----€2,948€8,979€3,425▼ 61.9%
Recurring financial income75€975€975€0--€2,948€8,979€3,425▼ 61.9%
Financial charges65/66B---€5,520€300€3,449€9,747€4,043▼ 58.5%
Recurring financial charges65€2,478€1,106€1,106€5,520€300€3,449€9,747€4,043▼ 58.5%
Profit (loss) for the period before taxes9903-€6,451-€2,062-€2,062-€4,102€606€372-€14,946-€21,690▼ 45.1%
Income taxes67/77€5€0€0------
Profit (loss) for the period9904-€6,455-€2,062-€2,062-€4,102€606€372-€14,946-€21,690▼ 45.1%
Profit (loss) for the period to be appropriated9905-€6,455-€2,062-€2,062-€4,102€606€372-€14,946-€21,690▼ 45.1%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€707,252€664,729€637,449€601,125€586,925€725,823€717,364€696,989▼ 2.8%
Formation expenses20€0€0€0------
Fixed assets21/28€478,530€466,609€456,215€435,426€425,032€414,637€404,243€393,849▼ 2.6%
Intangible fixed assets21€0€0€0------
Tangible fixed assets22/27€252,576€242,181€231,787€210,998€200,604€190,210€179,815€169,421▼ 5.8%
Land and buildings22---€210,998€200,604€190,210€179,815€169,421▼ 5.8%
Financial fixed assets28€225,955€224,428€224,428€224,428€224,428€224,428€224,428€224,428=
Current assets29/58€228,722€198,120€181,235€165,699€161,893€311,186€313,121€303,140▼ 3.2%
Amounts receivable after more than one year29---€107,657€107,657€107,657€107,657€107,657=
Other amounts receivable291---€107,657€107,657€107,657€107,657€107,657=
Stocks and contracts in progress3€0€0€0------
Amounts receivable within one year40/41€197,673€197,673€180,702€54,009€54,009€203,388€201,930€195,346▼ 3.3%
Other amounts receivable41---€54,009€54,009€203,388€201,930€195,346▼ 3.3%
Current investments50/53€0€0€0------
Cash at bank and in hand54/58€13,902€532€2,283€3,378€177€101€66€71▲ 7.6%
Deferred charges and accrued income490/1---€654€50€40€3,468€66▼ 98.1%
Equity and liabilities
Total equity and liabilities10/49€707,252€664,729€637,449€601,125€586,925€725,823€717,364€696,989▼ 2.8%
Equity10/15€260,197€260,197€258,136€252,664€253,270€253,642€238,696€217,006▼ 9.1%
Contributions10/11€191,000€191,000-€191,000€191,000€191,000€191,000€191,000=
Reserves13€69,197€69,197€67,136€61,664€62,270€62,642€47,696€26,006▼ 45.5%
Non-distributable reserves130/1---€19,100€19,100€19,100€19,100€19,100=
Reserves not available under the articles1311---€19,100€19,100€19,100€19,100€19,100=
Distributable reserves133---€42,564€43,170€43,542€28,596€6,906▼ 75.8%
Profit (loss) carried forward14€0€0€0------
Amounts payable17/49€448,332€404,532€379,314€348,460€333,655€472,181€478,668€479,983▲ 0.3%
Amounts payable after more than one year17€28,046€11,300-------
Amounts payable within one year42/48€392,482€392,482€379,314€348,460€333,655€472,181€478,668€479,583▲ 0.2%
Financial debts43-----€150,000€150,000€0▼ 100%
Credit institutions430/8-----€150,000€150,000€0▼ 100%
Trade debts44€1,335€972€1,282€1,174€1,448€1,215€472€296▼ 37.3%
Suppliers440/4---€1,174€1,448€1,215€472€296▼ 37.3%
Other amounts payable47/48---€347,286€332,206€320,966€328,196€479,288▲ 46.0%
Accrued charges and deferred income492/3-------€400-
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€6,455-€2,062-€2,062-€4,102€606€372-€14,946-€21,690▼ 45.1%
+ Depreciation and write-downs630€11,350€10,394€10,394€10,394€10,394€10,394€10,394€10,394=
Operating cash flow (approximation)€4,895€8,333€8,333€6,292€11,000€10,766-€4,552-€11,296▼ 148%
Investment in fixed assets (approximation)-€1,527€0€10,394€0€0€0€0-
Change in cash--€13,370€1,750€1,096-€3,202-€76-€35€5▲ 114%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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