Vanoverschelde Fourages
ActiveVanoverschelde Fourages has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.46M and a net result of €248k. Equity is growing by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 9037 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 11.85 against 3.08 in 2023; short-term debt: 6.5% and cash: 35.8% of total assets), and 6.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
93.2%
Return on assets
15.9%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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
26 d late
2023
61 d late
2022
57 d late
2021
30 d late
2020
83 d late
2019
84 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.46M▲ 20.5%
2023 · €1.21M
2018: €358k
2019: €435k
2020: €584k
2021: €791k
2022: €994k
2023: €1.21M
2018 → 2024
Total assets
€1.56M▼ 1.7%
2023 · €1.59M
2018: €1.09M
2019: €903k
2020: €962k
2021: €1.13M
2022: €1.24M
2023: €1.59M
2018 → 2024
Net result
€248k▲ 15.3%
2023 · €215k
2018: €71k
2019: €77k
2020: €149k
2021: €207k
2022: €203k
2023: €215k
2018 → 2024
Working capital
€1.11M▲ 40.4%
2023 · €791k
2018: €87k
2019: €189k
2020: €371k
2021: €540k
2022: €782k
2023: €791k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€584k-€791k▲ 35.4%€994k▲ 25.6%€1.21M▲ 21.7%€1.46M▲ 20.5%
Operating result€220k-€301k▲ 36.7%€295k▼ 1.9%€307k▲ 4.1%€357k▲ 16.2%
Net result€149k-€207k▲ 39.3%€203k▼ 2.1%€215k▲ 6.3%€248k▲ 15.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 16% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.56M
Fixed assets
€350k▼ 16.2%
Current assets
€1.21M▲ 3.5%
Equity and liabilities €1.56M
Equity
€1.46M▲ 20.5%
Debt
€106k▼ 72.2%
The debt ratio falls from 24.0% to 6.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€443k▲
2023 · €344k
Cash flow
€335k▲
2023 · €252k
Solvency
93.2%▲
2023 · 76.0%
Current ratio
11.85▲
2023 · 3.08
Quick ratio
11.70▲
2023 · 3.07
Debt / equity
0.07▼
2023 · 0.32
ROE
17.0%▼
2023 · 17.8%
ROA
15.9%▲
2023 · 13.5%
Interest coverage
166.68▲
2023 · 102.71
Debt
€106k▼
2023 · €381k
Debt ≤ 1 year
€102k▼
2023 · €381k
Income taxes
€116k▲
2023 · €96k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.59M€1.56M▼
Fixed assets21/28€418k€350k▼
Tangible fixed assets22/27€418k€350k▼
Land and buildings22€158k€159k▲
Plant, machinery and equipment23€17k€16k▼
Furniture and vehicles24€242k€174k▼
Current assets29/58€1.17M€1.21M▲
Amounts receivable after more than one year29€392k€419k▲
Trade receivables290€392k€419k▲
Stocks and contracts in progress3€4k€15k▲
Stocks30/36€4k€15k▲
Amounts receivable within one year40/41€235k€203k▼
Trade receivables40€185k€201k▲
Other amounts receivable41€50k€2k▼
Cash at bank and in hand54/58€526k€560k▲
Deferred charges and accrued income490/1€16k€16k▲
Equity and liabilities
Total equity and liabilities10/49€1.59M€1.56M▼
Equity10/15€1.21M€1.46M▲
Contributions10/11€340k€340k=
Reserves13€864k€1.11M▲
Non-distributable reserves130/1€14k€14k=
Reserves not available under the articles1311€14k€14k=
Distributable reserves133€851k€1.10M▲
Profit (loss) carried forward14€4k€4k=
Amounts payable17/49€381k€106k▼
Amounts payable within one year42/48€381k€102k▼
Trade debts44€321k€53k▼
Suppliers440/4€321k€53k▼
Taxes, remuneration and social security45€23k€49k▲
Taxes450/3€23k€49k▲
Other amounts payable47/48€37k€1k▼
Accrued charges and deferred income492/3-€3k
Income statement
Code20232024
Non-recurring operating income76A€40k€55k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€86k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€7k
Other operating charges640/8€11k€7k▼
Gross operating margin9900€355k€457k▲
Operating profit (loss)9901€307k€357k▲
Financial income75/76B€7k€10k▲
Recurring financial income75€7k€10k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€312k€364k▲
Income taxes67/77€96k€116k▲
Profit (loss) for the period9904€215k€248k▲
Profit (loss) for the period to be appropriated9905€215k€248k▲
Appropriation of the result
Profit (loss) to be appropriated9906€220k€253k▲
Profit (loss) brought forward from the previous period14P€4k€4k=
Transfer to equity691/2€215k€248k▲
To other reserves6921€215k€248k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
31-12
Financial
Highest result since 2018net €248k ▲15.3%
Operating result €357k, net result €248k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 11.85
Current ratio from 3.08 to 11.85; short-term debt falls from €381k to €102k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Equity above €1MEq €1.21M ▲21.7%
6 profitable years in a row build equity to €1.21M.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 57 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 83 days late
2020
31-12
Financial
Equity above €500kEq €584k ▲34.1%
3 profitable years in a row build equity to €584k.
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 84 days late
2019
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 64 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
04-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 157 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zonnebeke · 1 establishment unit since 2014
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.
Tresoriersstraat 48980 ZonnebekeGround area
1,713 m²
Building footprint
203 m²
Volume, LiDAR
1,032 m³
Parcel 33037C0078/00S000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tresoriersstraat 4, 8980 Zonnebeke
since 20142.233.832.202
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33037C0078/00S000 | Flanders | 1,713 m² | 1 · 203 m² | 8.6 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 972 EUR awarded · 972 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 972 EUR | 972 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 77 companies in sector 46214 we hold annual accounts for 35. 18 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-07-2014
Fiscal year end31-12
Activities, NACEBEL
46214Wholesale trade
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.