VANOR ET CIE
ActiveThe annual accounts of VANOR ET CIE for fiscal year 2025 show a net loss of 66% of total assets and of 54% of the equity at the start of that year. The 2025 annual accounts show equity of €247k and a net result of €-293k. Equity is shrinking by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 61% of 670 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency81▼-12
Growth38▼-15
Track record92
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.18 against 3.13 in 2024; short-term debt: 43.2% and cash: 47.1% of total assets), and 44.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
55.8%
Return on assets
-66.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
13 d early
2023
5 d early
2022
360 d late
2021
725 d late
2020
1090 d late
2019
1449 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Late accounts filing
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€656k▼ 58.4%
2024 · €1.58M
2019: €1.35M
2020: €1.25M
2021: €1.49M
2022: €1.91M
2023: €1.70M
2024: €1.58M
2019 → 2025
EBIT margin
-43.7%▼ 30.6pp
2024 · -13.1%
2019: -29.9%
2020: -9.7%
2021: -8.4%
2022: 6.5%
2023: 2.2%
2024: -13.1%
2019 → 2025
Net result
€-293k▼ 113%
2024 · €-138k
2019: €-403k
2020: €-123k
2021: €-125k
2022: €87k
2023: €-46k
2024: €-138k
2019 → 2025
Working capital
€226k▼ 57.9%
2024 · €535k
2019: €745k
2020: €617k
2021: €497k
2022: €566k
2023: €564k
2024: €535k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.49M-€1.91M▲ 28.1%€1.70M▼ 11.2%€1.58M▼ 7.1%€656k▼ 58.4%
Equity€639k-€726k▲ 13.6%€680k▼ 6.4%€539k▼ 20.6%€247k▼ 54.3%
Operating result€-125k-€123k€38k▼ 69.2%€-207k€-287k▼ 38.7%
Net result€-125k-€87k€-46k€-138k▼ 197%€-293k▼ 113%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €287k in 2025 against €207k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €442k
Fixed assets
€26k▲ 563%
Current assets
€416k▼ 47.1%
Equity and liabilities €442k
Equity
€247k▼ 54.3%
Debt
€196k▼ 22.3%
The debt ratio rises from 31.8% to 44.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-281k▼
2024 · €-171k
Cash flow
€-287k▼
2024 · €-102k
Solvency
55.8%▼
2024 · 68.2%
Current ratio
2.18▼
2024 · 3.13
Quick ratio
2.02▼
2024 · 3.01
Debt / equity
0.79▲
2024 · 0.47
ROE
-118.7%▼
2024 · -25.5%
ROA
-66.2%▼
2024 · -17.4%
Interest coverage
9.53▲
2024 · -429.49
Debt
€196k▼
2024 · €252k
Debt ≤ 1 year
€191k▼
2024 · €252k
Income taxes
€45k▲
2024 · €-59k
Staff costs
€553k▼
2024 · €614k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€791k€442k▼
Fixed assets21/28€4k€26k▲
Tangible fixed assets22/27€0€22k▲
Land and buildings22€0-
Plant, machinery and equipment23€0€15k▲
Furniture and vehicles24-€7k
Financial fixed assets28€4k€4k=
Other financial fixed assets284/8€4k€4k=
Amounts receivable and cash guarantees285/8€4k€4k=
Current assets29/58€787k€416k▼
Stocks and contracts in progress3€29k€31k▲
Stocks30/36€29k€31k▲
Raw materials and consumables30/31€20k€4k▼
Work in progress32€6k€17k▲
Finished goods33€2k€10k▲
Amounts receivable within one year40/41€115k€158k▲
Trade receivables40€115k€151k▲
Other amounts receivable41€0€7k▲
Cash at bank and in hand54/58€635k€208k▼
Deferred charges and accrued income490/1€8k€19k▲
Equity and liabilities
Total equity and liabilities10/49€791k€442k▼
Equity10/15€539k€247k▼
Contributions10/11€38k€38k=
Reserves13€501k€208k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€501k€208k▼
Investment grants15€0-
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Other liabilities and charges164/5€0-
Deferred taxes168€0-
Amounts payable17/49€252k€196k▼
Amounts payable within one year42/48€252k€191k▼
Trade debts44€110k€30k▼
Suppliers440/4€110k€30k▼
Taxes, remuneration and social security45€141k€161k▲
Taxes450/3€69k€107k▲
Remuneration and social security454/9€72k€53k▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€0€5k▲
Income statement
Code20242025
Operating income70/76A€1.45M€815k▼
Turnover70€1.58M€656k▼
Change in stocks of work in progress, finished goods and contracts in progress71€-145k€22k▲
Other operating income74€8k€87k▲
Non-recurring operating income76A€13k€50k▲
Operating charges60/66A€1.66M€1.10M▼
Goods for resale, raw materials and consumables60€620k€295k▼
Purchases600/8€442k€253k▼
Change in stocks: decrease (increase)609€178k€42k▼
Services and other goods61€208k€245k▲
Remuneration, social security and pensions62€614k€553k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€6k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€62k€-62k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-9k-
Other operating charges640/8€18k€65k▲
Non-recurring operating charges66A€113k-
Operating profit (loss)9901€-207k€-287k▼
Financial income75/76B€13k€9k▼
Recurring financial income75€13k€9k▼
Income from financial fixed assets750€18€1k▲
Income from current assets751€8k€8k▲
Other financial income752/9€5k-
Financial charges65/66B€2k€-29k▼
Recurring financial charges65€2k€-29k▼
Debt charges650€399-
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€-633k
Other financial charges652/9€2k€604k▲
Profit (loss) for the period before taxes9903€-197k€-248k▼
Income taxes67/77€-59k€45k▲
Taxes670/3€174€111k▲
Tax adjustments and reversals of tax provisions77€59k€66k▲
Profit (loss) for the period9904€-138k€-293k▼
Profit (loss) for the period to be appropriated9905€-138k€-293k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-138k€-293k▼
Transfer from equity791/2€138k€293k▲
From reserves792€138k€293k▲
Social balance
Average headcount (FTE)908714.312.8▼
The notes to these accounts (40 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 360 days late
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 725 days late
25-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 1090 days late
19-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 1449 days late
2023
15-09
KBO administration
Late accounts filing
2022
31-12
Financial
Back to profitnet €87k
Net result €87k after 3 loss-making years.
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 122 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Anderlues · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Jules Destrée 876150 AnderluesGround area
1,134 m²
Building footprint
85 m²
Volume, LiDAR
424 m³
Parcel 56001B0164/00D007, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Jules Destrée 87, 6150 Anderlues
since 19892.045.889.851
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56001B0164/00D007 | Wallonia | 1,134 m² | 1 · 85 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
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.
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Of 3,988 companies in sector 25110 we hold annual accounts for 2,148. 1,656 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-10-1989
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
25402Manufacture of fabricated metal products, except machinery and equipment
25502Manufacture of fabricated metal products, except machinery and equipment
28110
28402
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.