VANPE
ActiveSummary
VANPE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €454k and a net result of €66k. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 3550 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▲+9
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 7.6 against 6.48 in 2023; short-term debt: 12.3% and cash: 4.6% of total assets), and 12.3% of the assets are financed with debt.
Credit check 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
87.7%
Return on assets
12.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2025, 12 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
12 d late
2023
26 d late
2022
33 d early
2021
17 d late
2020
7 d late
2019
46 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€66k▲ 108%
2023 · €32k
2018: €57k
2019: €81k▲ +42.9% vs 2018
2020: €95k▲ +17.0% vs 2019
2021: €120k▲ +26.0% vs 2020highest in 7 years
2022: €111k▼ -7.0% vs 2021
2023: €32k▼ -71.7% vs 2022lowest in 7 years
2024: €66k▲ +108% vs 2023
2018 → 2024
Working capital
€419k▼ 1.5%
2023 · €426k
2018: €-60klowest in 7 years
2019: €120k▲ +299% vs 2018
2020: €223k▲ +86.3% vs 2019
2021: €348k▲ +55.9% vs 2020
2022: €445k▲ +28.0% vs 2021highest in 7 years
2023: €426k▼ -4.3% vs 2022
2024: €419k▼ -1.5% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€264k-€384k▲ 45.3%€495k▲ 29.0%€470k▼ 5.1%€454k▼ 3.3%
2020: €264klowest in 5 years
2021: €384k▲ +45.3% vs 2020
2022: €495k▲ +29.0% vs 2021highest in 5 years
2023: €470k▼ -5.1% vs 2022
2024: €454k▼ -3.3% vs 2023
Operating result€135k-€176k▲ 30.7%€160k▼ 9.1%€45k▼ 71.6%€72k▲ 57.6%
2020: €135k
2021: €176k▲ +30.7% vs 2020highest in 5 years
2022: €160k▼ -9.1% vs 2021
2023: €45k▼ -71.6% vs 2022lowest in 5 years
2024: €72k▲ +57.6% vs 2023
Net result€95k-€120k▲ 26.0%€111k▼ 7.0%€32k▼ 71.7%€66k▲ 108%
2020: €95k
2021: €120k▲ +26.0% vs 2020highest in 5 years
2022: €111k▼ -7.0% vs 2021
2023: €32k▼ -71.7% vs 2022lowest in 5 years
2024: €66k▲ +108% vs 2023
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 58% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €518k
Fixed assets
€35k ▼ 20.5%
Current assets
€483k ▼ 4.1%
Equity and liabilities €518k
Equity
€454k ▼ 3.3%
Debt
€64k ▼ 18.2%
Debt's share of the balance-sheet total falls from 14.2% to 12.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€84k▲
2023 · €59k
Cash flow
€79k▲
2023 · €45k
Current ratio
7.60▲
2023 · 6.48
Quick ratio
7.57▲
2023 · 6.46
Debt to equity
0.14▼
2023 · 0.17
ROE
14.5%▲
2023 · 6.7%
ROA
12.7%▲
2023 · 5.8%
Interest coverage
92.83▼
2023 · 125.61
Debt ≤ 1 year
€64k▼
2023 · €78k
Income taxes
€26k▲
2023 · €13k
Staff costs
€57k▲
2023 · €52k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€547k€518k▼
Fixed assets21/28€44k€35k▼
Tangible fixed assets22/27€44k€35k▼
Land and buildings22€11k€5k▼
Plant, machinery and equipment23€31k€29k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€503k€483k▼
Stocks and contracts in progress3€2k€2k▼
Stocks30/36€2k€2k▼
Amounts receivable within one year40/41€11k€7k▼
Trade receivables40€9k€7k▼
Other amounts receivable41€2k€537▼
Current investments50/53-€450k
Cash at bank and in hand54/58€489k€24k▼
Deferred charges and accrued income490/1€1k€361▼
Equity and liabilities
Total equity and liabilities10/49€547k€518k▼
Equity10/15€470k€454k▼
Contributions10/11€19k€19k=
Reserves13€451k€436k▼
Tax-exempt reserves132€7k€7k=
Distributable reserves133€444k€428k▼
Amounts payable17/49€78k€64k▼
Amounts payable within one year42/48€78k€64k▼
Trade debts44€9k€7k▼
Suppliers440/4€9k€7k▼
Taxes, remuneration and social security45€69k€19k▼
Taxes450/3€65k€7k▼
Remuneration and social security454/9€4k€12k▲
Other amounts payable47/48-€38k
Income statement
Code20232024
Remuneration, social security and pensions62€52k€57k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€13k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k-
Other operating charges640/8€4k€4k▼
Gross operating margin9900€119k€145k▲
Operating profit (loss)9901€45k€72k▲
Financial income75/76B-€21k
Recurring financial income75-€21k
Financial charges65/66B€470€910▲
Recurring financial charges65€470€910▲
Profit (loss) for the period before taxes9903€45k€91k▲
Income taxes67/77€13k€26k▲
Profit (loss) for the period9904€32k€66k▲
Profit (loss) for the period to be appropriated9905€32k€66k▲
Appropriation of the result
Profit (loss) to be appropriated9906€32k€66k▲
Transfer from equity791/2€57k€81k▲
Transfer to equity691/2€32k€66k▲
To other reserves6921€32k€66k▲
Profit to be distributed694/7€57k€81k▲
Return on contributions (dividend)694€57k€81k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €73k | €78k | €52k | €57k | ▲ 8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €10k | €12k | €14k | €13k | ▼ 5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €3k | - | - |
| Other operating charges640/8 | - | €3k | €3k | €4k | €4k | ▼ 7.6% |
| Gross operating margin9900 | €241k | €262k | €253k | €119k | €145k | ▲ 22.2% |
| Operating profit (loss)9901 | €135k | €176k | €160k | €45k | €72k | ▲ 57.6% |
| Financial income75/76B | - | €166 | €1 | - | €21k | - |
| Recurring financial income75 | €468 | €166 | €1 | - | €21k | - |
| Financial charges65/66B | - | €419 | €339 | €470 | €910 | ▲ 93.8% |
| Recurring financial charges65 | €400 | €419 | €339 | €470 | €910 | ▲ 93.8% |
| Profit (loss) for the period before taxes9903 | €135k | €176k | €160k | €45k | €91k | ▲ 103% |
| Income taxes67/77 | €40k | €56k | €48k | €13k | €26k | ▲ 91.6% |
| Profit (loss) for the period9904 | €95k | €120k | €111k | €32k | €66k | ▲ 108% |
| Profit (loss) for the period to be appropriated9905 | €95k | €120k | €111k | €32k | €66k | ▲ 108% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €353k | €459k | €594k | €547k | €518k | ▼ 5.4% |
| Fixed assets21/28 | €41k | €36k | €50k | €44k | €35k | ▼ 20.5% |
| Tangible fixed assets22/27 | €41k | €36k | €50k | €44k | €35k | ▼ 20.5% |
| Land and buildings22 | - | €24k | €18k | €11k | €5k | ▼ 59.0% |
| Plant, machinery and equipment23 | - | €6k | €28k | €31k | €29k | ▼ 5.5% |
| Furniture and vehicles24 | - | €6k | €4k | €2k | €1k | ▼ 38.2% |
| Current assets29/58 | €312k | €423k | €545k | €503k | €483k | ▼ 4.1% |
| Stocks and contracts in progress3 | €4k | €3k | €2k | €2k | €2k | ▼ 19.1% |
| Stocks30/36 | - | €3k | €2k | €2k | €2k | ▼ 19.1% |
| Amounts receivable within one year40/41 | €4k | €11k | €51k | €11k | €7k | ▼ 36.2% |
| Trade receivables40 | - | €11k | €51k | €9k | €7k | ▼ 30.5% |
| Other amounts receivable41 | - | - | - | €2k | €537 | ▼ 68.2% |
| Current investments50/53 | - | - | - | - | €450k | - |
| Cash at bank and in hand54/58 | €304k | €409k | €491k | €489k | €24k | ▼ 95.1% |
| Deferred charges and accrued income490/1 | - | €486 | €667 | €1k | €361 | ▼ 67.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €353k | €459k | €594k | €547k | €518k | ▼ 5.4% |
| Equity10/15 | €264k | €384k | €495k | €470k | €454k | ▼ 3.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €245k | €365k | €476k | €451k | €436k | ▼ 3.4% |
| Non-distributable reserves130/1 | - | €4k | €4k | - | - | - |
| Reserves not available under the articles1311 | - | €4k | €4k | - | - | - |
| Tax-exempt reserves132 | - | €7k | €7k | €7k | €7k | = |
| Distributable reserves133 | - | €353k | €465k | €444k | €428k | ▼ 3.5% |
| Amounts payable17/49 | €89k | €75k | €99k | €78k | €64k | ▼ 18.2% |
| Amounts payable within one year42/48 | €89k | €75k | €99k | €78k | €64k | ▼ 18.2% |
| Trade debts44 | €16k | €8k | €9k | €9k | €7k | ▼ 25.2% |
| Suppliers440/4 | - | €8k | €9k | €9k | €7k | ▼ 25.2% |
| Taxes, remuneration and social security45 | - | €67k | €90k | €69k | €19k | ▼ 72.4% |
| Taxes450/3 | - | €64k | €81k | €65k | €7k | ▼ 89.7% |
| Remuneration and social security454/9 | - | €3k | €10k | €4k | €12k | ▲ 241% |
| Other amounts payable47/48 | - | - | - | - | €38k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €95k | €120k | €111k | €32k | €66k | ▲ 108% |
| + Depreciation and write-downs630 | €15k | €10k | €12k | €14k | €13k | ▼ 5.2% |
| Operating cash flow (approximation) | €110k | €130k | €123k | €45k | €79k | ▲ 74.2% |
| Investment in fixed assets (approximation) | - | €-5k | €-26k | €-8k | €-4k | ▲ 49.9% |
| Change in cash | - | €105k | €82k | €-2k | €-465k | ▼ 22,863% |
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
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 12 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet €32k ▼71.7%
Net result drops to €32k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2021
31-12
Financial
Highest result since 2018net €120k ▲26%
Operating result €176k, net result €120k, both a record.
07-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 7 days late
2020
31-12
Financial
Equity above €200kEq €264k ▲55.7%
3 profitable years in a row build equity to €264k.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 46 days late
2019
31-12
Financial
Liquidity times 6current ratio 3.14
Current ratio from 0.49 to 3.14; short-term debt falls from €117k to €56k.
31-12
Financial
Equity above €150kEq €170k ▲90.8%
2 profitable years in a row build equity to €170k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
Show earlier events
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ath · 1 establishment unit since 2005
Ground area
1,486 m²
Building footprint
108 m²
Parcel 51036C0355/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
VANPE SPRL
since 20052.148.994.121
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51036C0355/00F000 | Wallonia | 1,486 m² | 1 · 108 m² | - |
Linked by address, not proof of ownership
Good to know
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 22,815 companies in sector 43211 we hold annual accounts for 10,325. 6,711 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
Founded06-07-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
80010Investigation and private security services
Contact
E-mail
laurence@vanpe.be
Scores and ratios are computed by Checked and are not a credit decision.