Summary
VANPASSEL 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 €59,553 and a net result of €24,658. Equity is shrinking by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 68% of 2463 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €59,553
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
31 d early
2023
22 d late
2022
46 d late
2021
30 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€59,553▲ 70.7%
2024 · €34,895
Net result
€24,658▲ 1,033%
2024 · €2,175
Total assets
€85,655▲ 22.7%
2024 · €69,790
Solvency
69.5%▲ 19.5pp
2024 · 50.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance 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
Line20212022202320242025
Operating result-€29,218▼ 710%-€12,464▲ 57.3%€2,566€3,242▲ 26.3%€30,988▲ 856%
Net result-€29,444below the sector's middle half▼ 1,294%-€12,707below the sector's middle half▲ 56.8%€1,570below the sector's middle half€2,175below the sector's middle half▲ 38.6%€24,658within the sector's middle half▲ 1,033%
Equity€43,857within the sector's middle half▼ 40.2%€31,150below the sector's middle half▼ 29.0%€32,719below the sector's middle half▲ 5.0%€34,895below the sector's middle half▲ 6.6%€59,553within the sector's middle half▲ 70.7%
Total assets€121,849below the sector's middle half▼ 31.5%€95,652below the sector's middle half▼ 21.5%€81,244below the sector's middle half▼ 15.1%€69,790below the sector's middle half▼ 14.1%€85,655below the sector's middle half▲ 22.7%
Debt€77,992▼ 25.4%€64,502▼ 17.3%€48,524▼ 24.8%€34,895▼ 28.1%€26,102▼ 25.2%
Working capital€13,248within the sector's middle half▼ 34.2%€9,739within the sector's middle half▼ 26.5%€23,689within the sector's middle half▲ 143%€33,619within the sector's middle half▲ 41.9%€56,765within the sector's middle half▲ 68.8%
Solvency36.0%within the sector's middle half▼ 5.2pp32.6%within the sector's middle half▼ 3.4pp40.3%within the sector's middle half▲ 7.7pp50.0%within the sector's middle half▲ 9.7pp69.5%within the sector's middle half▲ 19.5pp
Current ratio1.55within the sector's middle half=1.39within the sector's middle half▼ 0.162.03within the sector's middle half▲ 0.642.41within the sector's middle half▲ 0.383.17within the sector's middle half▲ 0.77
Return on assets (ROA)-24.2%below the sector's middle half▼ 23.0pp-13.3%below the sector's middle half▲ 10.9pp1.9%within the sector's middle half▲ 15.2pp3.1%within the sector's middle half▲ 1.2pp28.8%above the sector's middle half▲ 25.7pp
Staff (FTE)1▲ 233%1=1=1.3▲ 30.0%1.3=
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 856% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85,655
Fixed assets
€2,788 ▼ 77.3%
Current assets
€82,866 ▲ 44.1%
Equity and liabilities €85,655
Equity
€59,553 ▲ 70.7%
Debt
€26,102 ▼ 25.2%
Debt's share of the balance-sheet total falls from 50.0% to 30.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
41.4%▲
2024 · 6.2%
Debt ≤ 1 year
€26,102▲
2024 · €23,879
Debt > 1 year
€0▼
2024 · €11,016
Income taxes
€5,877▲
2024 · €414
Staff costs
€56,506▲
2024 · €55,514
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €32,978 | €38,660 | €40,849 | €55,514 | €56,506 | ▲ 1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,482 | €26,451 | €26,691 | €22,266 | €10,673 | ▼ 52.1% |
| Other operating charges640/8 | €1,316 | €1,441 | €1,669 | €2,732 | €4,533 | ▲ 65.9% |
| Gross operating margin9900 | €41,559 | €54,089 | €71,776 | €83,753 | €102,700 | ▲ 22.6% |
| Operating profit (loss)9901 | -€29,218 | -€12,464 | €2,566 | €3,242 | €30,988 | ▲ 856% |
| Financial income75/76B | €1,826 | €1,211 | €263 | €0 | - | - |
| Recurring financial income75 | €1,826 | €1,211 | €263 | €0 | - | - |
| Financial charges65/66B | €1,609 | €1,014 | €830 | €652 | €453 | ▼ 30.6% |
| Recurring financial charges65 | €1,609 | €1,014 | €830 | €652 | €453 | ▼ 30.6% |
| Profit (loss) for the period before taxes9903 | -€29,000 | -€12,266 | €2,000 | €2,590 | €30,535 | ▲ 1,079% |
| Income taxes67/77 | €443 | €441 | €430 | €414 | €5,877 | ▲ 1,319% |
| Profit (loss) for the period9904 | -€29,444 | -€12,707 | €1,570 | €2,175 | €24,658 | ▲ 1,033% |
| Profit (loss) for the period to be appropriated9905 | -€29,444 | -€12,707 | €1,570 | €2,175 | €24,658 | ▲ 1,033% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €121,849 | €95,652 | €81,244 | €69,790 | €85,655 | ▲ 22.7% |
| Fixed assets21/28 | €84,561 | €61,249 | €34,558 | €12,292 | €2,788 | ▼ 77.3% |
| Intangible fixed assets21 | - | - | €0 | - | - | - |
| Tangible fixed assets22/27 | €84,561 | €61,249 | €34,558 | €12,292 | €2,788 | ▼ 77.3% |
| Land and buildings22 | €415 | €2,533 | €2,205 | €2,085 | €1,965 | ▼ 5.7% |
| Furniture and vehicles24 | €84,146 | €58,717 | €32,353 | €10,207 | €823 | ▼ 91.9% |
| Current assets29/58 | €37,288 | €34,402 | €46,686 | €57,498 | €82,866 | ▲ 44.1% |
| Amounts receivable within one year40/41 | €34,131 | €20,524 | €12,229 | €12,600 | €12,886 | ▲ 2.3% |
| Trade receivables40 | €10,626 | €10,921 | €12,208 | €12,600 | €12,886 | ▲ 2.3% |
| Other amounts receivable41 | €23,506 | €9,603 | €20 | €0 | - | - |
| Cash at bank and in hand54/58 | €2,517 | €13,210 | €32,836 | €42,839 | €69,021 | ▲ 61.1% |
| Deferred charges and accrued income490/1 | €639 | €668 | €1,621 | €2,059 | €959 | ▼ 53.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €121,849 | €95,652 | €81,244 | €69,790 | €85,655 | ▲ 22.7% |
| Equity10/15 | €43,857 | €31,150 | €32,719 | €34,895 | €59,553 | ▲ 70.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €36,860 | €24,860 | €25,860 | €25,860 | €50,518 | ▲ 95.4% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €35,000 | €23,000 | €24,000 | €24,000 | €48,658 | ▲ 103% |
| Profit (loss) carried forward14 | €797 | €90 | €659 | €2,835 | €2,835 | = |
| Amounts payable17/49 | €77,992 | €64,502 | €48,524 | €34,895 | €26,102 | ▼ 25.2% |
| Amounts payable after more than one year17 | €53,952 | €39,838 | €25,527 | €11,016 | €0 | ▼ 100% |
| Financial debts170/4 | €53,952 | €39,838 | €25,527 | €11,016 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €24,040 | €24,664 | €22,997 | €23,879 | €26,102 | ▲ 9.3% |
| Current portion of amounts payable after more than one year42 | €13,919 | €14,114 | €14,311 | €14,511 | €11,016 | ▼ 24.1% |
| Trade debts44 | €1,598 | €1,420 | €1,948 | €1,773 | €1,858 | ▲ 4.8% |
| Suppliers440/4 | €1,598 | €1,420 | €1,948 | €1,773 | €1,858 | ▲ 4.8% |
| Taxes, remuneration and social security45 | €8,523 | €9,130 | €6,738 | €7,190 | €12,572 | ▲ 74.9% |
| Taxes450/3 | €1,002 | €441 | €430 | €414 | €3,792 | ▲ 816% |
| Remuneration and social security454/9 | €7,521 | €8,689 | €6,308 | €6,776 | €8,780 | ▲ 29.6% |
| Other amounts payable47/48 | - | - | - | €405 | €655 | ▲ 61.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,444 | -€12,707 | €1,570 | €2,175 | €24,658 | ▲ 1,033% |
| + Depreciation and write-downs630 | €36,482 | €26,451 | €26,691 | €22,266 | €10,673 | ▼ 52.1% |
| Operating cash flow (approximation) | €7,039 | €13,744 | €28,261 | €24,441 | €35,331 | ▲ 44.6% |
| Investment in fixed assets (approximation) | - | -€3,140 | €0 | €0 | -€1,169 | - |
| Change in cash | - | €10,693 | €19,626 | €10,002 | €26,183 | ▲ 162% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €24,658 ▲1,033%
Operating result €30,988, net result €24,658, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Back to profitnet €1,570
Net result €1,570 after 3 loss-making years.
15-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 46 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet -€29,444
Net result drops to -€29,444, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
05-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 36 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 2011
Ground area
1,752 m²
Building footprint
217 m²
Volume, LiDAR
1,356 m³
2 parcels, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Route de Charleroi(LEV) 235, 7134 Binche
since 20112.203.106.956
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56302E0584/00L000 | Wallonia | 1,072 m² | 1 · 159 m² | 7.3 m · 2 fl. |
| 56043C0016/00N003 | Wallonia | 681 m² | 1 · 57 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,673 companies in sector 66220 we hold annual accounts for 3,222. 2,402 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-09-2011
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.