VANPOUCKE & CO
ActiveSummary
VANPOUCKE & CO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €255k and a net result of €-33k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 78% of 1526 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▼-36
Solvency92▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.41 in 2024; short-term debt: 30.4% and cash: 38% of total assets), and 32.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
27 d early
2023
34 d early
2022
54 d early
2021
12 d early
2020
37 d early
2019
43 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€255k▼ 11.3%
2024 · €288k
2018: €190klowest in 8 years
2019: €193k▲ +1.7% vs 2018
2020: €194k▲ +0.5% vs 2019
2021: €227k▲ +16.9% vs 2020
2022: €244k▲ +7.3% vs 2021
2023: €270k▲ +10.8% vs 2022
2024: €288k▲ +6.7% vs 2023highest in 8 years
2025: €255k▼ -11.3% vs 2024
2018 → 2025
Total assets
€379k▼ 11.0%
2024 · €425k
2018: €292k
2019: €277k▼ -5.3% vs 2018lowest in 8 years
2020: €375k▲ +35.7% vs 2019
2021: €394k▲ +5.0% vs 2020
2022: €373k▼ -5.3% vs 2021
2023: €383k▲ +2.7% vs 2022
2024: €425k▲ +11.0% vs 2023highest in 8 years
2025: €379k▼ -11.0% vs 2024
2018 → 2025
Net result
€-33k
2024 · €19k
2018: €15k
2019: €5k▼ -67.7% vs 2018
2020: €2k▼ -46.7% vs 2019
2021: €34k▲ +1271% vs 2020highest in 8 years
2022: €18k▼ -47.3% vs 2021
2023: €28k▲ +54.3% vs 2022
2024: €19k▼ -30.1% vs 2023
2025: €-33k▼ -267% vs 2024lowest in 8 years
2018 → 2025
Working capital
€75k▲ 43.0%
2024 · €53k
2018: €-42k
2019: €-45k▼ -8.2% vs 2018
2020: €-83k▼ -83.9% vs 2019lowest in 8 years
2021: €-55k▲ +33.7% vs 2020
2022: €-31k▲ +44.4% vs 2021
2023: €-2k▲ +93.4% vs 2022
2024: €53k▲ +2679% vs 2023
2025: €75k▲ +43.0% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€227k-€244k▲ 7.3%€270k▲ 10.8%€288k▲ 6.7%€255k▼ 11.3%
2021: €227klowest in 5 years
2022: €244k▲ +7.3% vs 2021
2023: €270k▲ +10.8% vs 2022
2024: €288k▲ +6.7% vs 2023highest in 5 years
2025: €255k▼ -11.3% vs 2024
Operating result€46k-€27k▼ 41.7%€42k▲ 58.1%€31k▼ 26.7%€-25k
2021: €46khighest in 5 years
2022: €27k▼ -41.7% vs 2021
2023: €42k▲ +58.1% vs 2022
2024: €31k▼ -26.7% vs 2023
2025: €-25k▼ -182% vs 2024lowest in 5 years
Net result€34k-€18k▼ 47.3%€28k▲ 54.3%€19k▼ 30.1%€-33k
2021: €34khighest in 5 years
2022: €18k▼ -47.3% vs 2021
2023: €28k▲ +54.3% vs 2022
2024: €19k▼ -30.1% vs 2023
2025: €-33k▼ -267% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €25k after €31k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €379k
Fixed assets
€188k ▼ 22.6%
Current assets
€190k ▲ 4.6%
Equity and liabilities €379k
Equity
€255k ▼ 11.3%
Debt
€123k ▼ 10.2%
Debt's share of the balance-sheet total rises from 32.2% to 32.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€30k▼
2024 · €93k
Cash flow
€23k▼
2024 · €82k
Current ratio
1.65▲
2024 · 1.41
Debt to equity
0.48▲
2024 · 0.48
ROE
-12.8%▼
2024 · 6.8%
ROA
-8.6%▼
2024 · 4.6%
Interest coverage
3.59▼
2024 · 10.88
Debt ≤ 1 year
€115k▼
2024 · €129k
Debt > 1 year
€0
Income taxes
€132▼
2024 · €6k
Staff costs
€0
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 · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€425k€379k▼
Fixed assets21/28€243k€188k▼
Tangible fixed assets22/27€243k€188k▼
Land and buildings22€19k€17k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€219k€167k▼
Current assets29/58€182k€190k▲
Amounts receivable within one year40/41€49k€45k▼
Trade receivables40€24k€17k▼
Other amounts receivable41€25k€27k▲
Current investments50/53€100k€0▼
Cash at bank and in hand54/58€30k€144k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€425k€379k▼
Equity10/15€288k€255k▼
Contributions10/11€19k€19k=
Reserves13€250k€237k▼
Distributable reserves133€250k€237k▼
Profit (loss) carried forward14€20k€0▼
Amounts payable17/49€137k€123k▼
Amounts payable after more than one year17-€0
Trade debts175-€0
Amounts payable within one year42/48€129k€115k▼
Current portion of amounts payable after more than one year42€2k-
Trade debts44€9k€2k▼
Suppliers440/4€9k€2k▼
Taxes, remuneration and social security45€2k€0▼
Taxes450/3€2k€0▼
Other amounts payable47/48€117k€113k▼
Accrued charges and deferred income492/3€8k€8k▲
Income statement
Code20242025
Non-recurring operating income76A€80k€23k▼
Remuneration, social security and pensions62-€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€55k▼
Other operating charges640/8-€1k
Gross operating margin9900€93k€31k▼
Operating profit (loss)9901€31k€-25k▼
Financial income75/76B€3k€1k▼
Recurring financial income75€3k€1k▼
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€25k€-33k▼
Income taxes67/77€6k€132▼
Profit (loss) for the period9904€19k€-33k▼
Profit (loss) for the period to be appropriated9905€19k€-33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€-13k▼
Profit (loss) brought forward from the previous period14P€20k€20k=
Transfer from equity791/2-€33k
Transfer to equity691/2€18k€20k▲
To other reserves6921€18k€20k▲
Profit to be distributed694/7€1k€0▼
Return on contributions (dividend)694€1k€0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €80k | €23k | ▼ 71.8% |
| Remuneration, social security and pensions62 | - | - | €318 | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €30k | €30k | €62k | €55k | ▼ 11.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €1k | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | - | €1k | - |
| Gross operating margin9900 | €76k | €56k | €72k | €93k | €31k | ▼ 66.3% |
| Operating profit (loss)9901 | €46k | €27k | €42k | €31k | €-25k | ▼ 182% |
| Financial income75/76B | - | - | €90 | €3k | €1k | ▼ 59.6% |
| Recurring financial income75 | - | - | €90 | €3k | €1k | ▼ 59.6% |
| Financial charges65/66B | €5k | €4k | €5k | €9k | €8k | ▼ 2.5% |
| Recurring financial charges65 | €5k | €4k | €5k | €9k | €8k | ▼ 2.5% |
| Profit (loss) for the period before taxes9903 | €41k | €23k | €37k | €25k | €-33k | ▼ 228% |
| Income taxes67/77 | €7k | €5k | €9k | €6k | €132 | ▼ 97.7% |
| Profit (loss) for the period9904 | €34k | €18k | €28k | €19k | €-33k | ▼ 267% |
| Profit (loss) for the period to be appropriated9905 | €34k | €18k | €28k | €19k | €-33k | ▼ 267% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €394k | €373k | €383k | €425k | €379k | ▼ 11.0% |
| Fixed assets21/28 | €326k | €298k | €278k | €243k | €188k | ▼ 22.6% |
| Tangible fixed assets22/27 | €326k | €298k | €278k | €243k | €188k | ▼ 22.6% |
| Land and buildings22 | €247k | €238k | €234k | €19k | €17k | ▼ 12.1% |
| Plant, machinery and equipment23 | €6k | €4k | €3k | €5k | €4k | ▼ 20.1% |
| Furniture and vehicles24 | €74k | €56k | €40k | €219k | €167k | ▼ 23.6% |
| Current assets29/58 | €68k | €74k | €105k | €182k | €190k | ▲ 4.6% |
| Stocks and contracts in progress3 | €580 | €1k | €4k | - | - | - |
| Stocks30/36 | €580 | €1k | €4k | - | - | - |
| Amounts receivable within one year40/41 | €25k | €35k | €24k | €49k | €45k | ▼ 9.3% |
| Trade receivables40 | €21k | €31k | €20k | €24k | €17k | ▼ 27.2% |
| Other amounts receivable41 | €4k | €3k | €4k | €25k | €27k | ▲ 7.5% |
| Current investments50/53 | - | - | €50k | €100k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €40k | €32k | €23k | €30k | €144k | ▲ 385% |
| Deferred charges and accrued income490/1 | €2k | €6k | €3k | €3k | €2k | ▼ 38.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €394k | €373k | €383k | €425k | €379k | ▼ 11.0% |
| Equity10/15 | €227k | €244k | €270k | €288k | €255k | ▼ 11.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €189k | €205k | €232k | €250k | €237k | ▼ 5.2% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €187k | €203k | €232k | €250k | €237k | ▼ 5.2% |
| Profit (loss) carried forward14 | €20k | €20k | €20k | €20k | €0 | ▼ 100% |
| Amounts payable17/49 | €167k | €129k | €113k | €137k | €123k | ▼ 10.2% |
| Amounts payable after more than one year17 | €41k | €21k | €2k | - | €0 | - |
| Financial debts170/4 | €41k | €21k | €2k | - | - | - |
| Trade debts175 | - | - | - | - | €0 | - |
| Amounts payable within one year42/48 | €123k | €105k | €107k | €129k | €115k | ▼ 11.0% |
| Current portion of amounts payable after more than one year42 | €23k | €19k | €20k | €2k | - | - |
| Trade debts44 | €19k | €5k | €3k | €9k | €2k | ▼ 72.8% |
| Suppliers440/4 | €19k | €5k | €3k | €9k | €2k | ▼ 72.8% |
| Taxes, remuneration and social security45 | €3k | €5k | €3k | €2k | €0 | ▼ 100% |
| Taxes450/3 | €3k | €3k | €3k | €2k | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €3k | - | - | - | - |
| Other amounts payable47/48 | €77k | €75k | €81k | €117k | €113k | ▼ 3.9% |
| Accrued charges and deferred income492/3 | €3k | €3k | €4k | €8k | €8k | ▲ 3.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34k | €18k | €28k | €19k | €-33k | ▼ 267% |
| + Depreciation and write-downs630 | €29k | €30k | €30k | €62k | €55k | ▼ 11.2% |
| Operating cash flow (approximation) | €63k | €48k | €58k | €82k | €23k | ▼ 72.2% |
| Investment in fixed assets (approximation) | - | €-2k | €-9k | €-28k | €-369 | ▲ 98.7% |
| Change in cash | - | €-7k | €-9k | €6k | €114k | ▲ 1,741% |
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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €34k ▲1,271%
Operating result €46k, net result €34k, both a record.
31-12
Financial
Equity above €200kEq €227k ▲16.9%
4 profitable years in a row build equity to €227k.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Kortemark · 1 establishment unit since 1997
Ground area
1,007 m²
Building footprint
366 m²
Volume, LiDAR
1,496 m³
2 parcels, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Staatsbaan 44B, 8610 Kortemark
since 19972.081.628.017
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32011D0593/00X000 | Flanders | 756 m² | 1 · 114 m² | 4.6 m · 1 fl. |
| 32025B0790/00T000 | Flanders | 251 m² | 1 · 251 m² | 7.9 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 19,550 EUR awarded · 19,550 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,768 EUR | 3,768 EUR |
| 2024 | 1 | 4,862 EUR | 4,862 EUR |
| 2023 | 1 | 4,669 EUR | 4,669 EUR |
| 2022 | 1 | 6,251 EUR | 6,251 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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Of 667 companies in sector 77320 we hold annual accounts for 492. 372 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
Founded16-04-1997
Fiscal year end31-12
Activities, NACEBEL 2025
77320Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.