Vanqui
ActiveSummary
Vanqui has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of €667,719. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 80% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+21
Solvency100▲+38
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160,000 at 30 days acceptable
Liquidity ample (current ratio 10.55 against 1.27 in 2024; short-term debt: 6.2% and cash: 14.3% of total assets), and 16.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
83.2%
Return on assets
29.7%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
7 d late
2024
14 d early
2023
119 d early
2022
78 d early
2021
26 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 46 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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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Financials · fiscal year 2025, micro schema
Equity
€1.9m▲ 55.5%
2024 · €1.2m
Total assets
€2.2m▼ 31.2%
2024 · €3.3m
Net result
€667,719▲ 153%
2024 · €263,698
Working capital
€1.3m▲ 207%
2024 · €432,117
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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€462,363-€482,369▲ 4.3%€375,636▼ 22.1%€379,989▲ 1.2%€974,926▲ 157%
Net result€312,731above the sector's middle half-€325,456above the sector's middle half▲ 4.1%€250,488above the sector's middle half▼ 23.0%€263,698above the sector's middle half▲ 5.3%€667,719above the sector's middle half▲ 153%
Equity€904,731within the sector's middle half-€1.2mwithin the sector's middle half▲ 36.0%€1.5mabove the sector's middle half▲ 20.4%€1.2mwithin the sector's middle half▼ 18.8%€1.9mabove the sector's middle half▲ 55.5%
Total assets€5.7mabove the sector's middle half-€6.1mabove the sector's middle half▲ 7.8%€2.3mwithin the sector's middle half▼ 62.5%€3.3mabove the sector's middle half▲ 42.0%€2.2mabove the sector's middle half▼ 31.2%
Debt€4.8m-€4.9m▲ 2.5%€819,723▼ 83.3%€2.1m▲ 152%€377,953▼ 81.7%
Working capital€45,617within the sector's middle half-€369,833within the sector's middle half▲ 711%€662,630above the sector's middle half▲ 79.2%€432,117within the sector's middle half▼ 34.8%€1.3mabove the sector's middle half▲ 207%
Solvency15.9%below the sector's middle half-20.1%below the sector's middle half▲ 4.2pp64.4%within the sector's middle half▲ 44.3pp36.8%within the sector's middle half▼ 27.5pp83.2%above the sector's middle half▲ 46.4pp
Current ratio1.01within the sector's middle half-1.09within the sector's middle half▲ 0.083.78within the sector's middle half▲ 2.691.27within the sector's middle half▼ 2.5110.55above the sector's middle half▲ 9.27
Return on assets (ROA)5.5%within the sector's middle half-5.3%within the sector's middle half▼ 0.2pp10.9%within the sector's middle half▲ 5.6pp8.1%within the sector's middle half▼ 2.8pp29.7%within the sector's middle half▲ 21.6pp
Staff (FTE)3within the sector's middle half-3within the sector's middle half=3above the sector's middle half=3above the sector's middle half=0.7▼ 76.7%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result +153% on 2024. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 157% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€781,472 ▼ 37.4%
Current assets
€1.5m ▼ 27.3%
Equity and liabilities €2.2m
Equity
€1.9m ▲ 55.5%
Debt
€377,953 ▼ 81.7%
Debt's share of the balance-sheet total falls from 63.2% to 16.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€998,171▲
2024 · €536,024
Cash flow
€690,964▲
2024 · €419,733
Debt to equity
0.20▼
2024 · 1.72
ROE
35.7%▲
2024 · 21.9%
Interest coverage
86.79▲
2024 · 47.62
Debt ≤ 1 year
€139,065▼
2024 · €1.6m
Debt > 1 year
€238,889▼
2024 · €477,430
Income taxes
€311,845▲
2024 · €117,874
Staff costs
€55,829▼
2024 · €194,188
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €811,171 | - |
| Remuneration, social security and pensions62 | €259,172 | €183,421 | €182,961 | €194,188 | €55,829 | ▼ 71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €193,231 | €155,589 | €155,731 | €156,035 | €23,245 | ▼ 85.1% |
| Other operating charges640/8 | €582 | €768 | €835 | €871 | €1,844 | ▲ 112% |
| Gross operating margin9900 | €915,348 | €822,147 | €715,162 | €731,083 | €1.1m | ▲ 44.4% |
| Operating profit (loss)9901 | €462,363 | €482,369 | €375,636 | €379,989 | €974,926 | ▲ 157% |
| Financial income75/76B | €2 | €591 | €1,606 | €16,045 | €16,139 | ▲ 0.6% |
| Recurring financial income75 | €2 | €591 | €1,606 | €15,941 | €16,139 | ▲ 1.2% |
| Non-recurring financial income76B | - | - | - | €104 | - | - |
| Financial charges65/66B | €7,059 | €11,131 | €13,948 | €14,462 | €11,501 | ▼ 20.5% |
| Recurring financial charges65 | €7,059 | €11,131 | €13,948 | €11,255 | €11,501 | ▲ 2.2% |
| Non-recurring financial charges66B | - | - | - | €3,207 | - | - |
| Profit (loss) for the period before taxes9903 | €455,305 | €471,829 | €363,294 | €381,572 | €979,563 | ▲ 157% |
| Income taxes67/77 | €142,574 | €146,373 | €112,806 | €117,874 | €311,845 | ▲ 165% |
| Profit (loss) for the period9904 | €312,731 | €325,456 | €250,488 | €263,698 | €667,719 | ▲ 153% |
| Profit (loss) for the period to be appropriated9905 | €312,731 | €325,456 | €250,488 | €263,698 | €667,719 | ▲ 153% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.7m | €6.1m | €2.3m | €3.3m | €2.2m | ▼ 31.2% |
| Fixed assets21/28 | €1.7m | €1.5m | €1.4m | €1.2m | €781,472 | ▼ 37.4% |
| Intangible fixed assets21 | €1.2m | €1.0m | €901,708 | €768,081 | - | - |
| Tangible fixed assets22/27 | €532,745 | €510,783 | €497,934 | €479,606 | €781,472 | ▲ 62.9% |
| Land and buildings22 | €526,161 | €506,087 | €495,126 | €478,073 | €781,472 | ▲ 63.5% |
| Furniture and vehicles24 | €6,584 | €4,696 | €2,809 | €1,533 | - | - |
| Current assets29/58 | €4.0m | €4.6m | €900,756 | €2.0m | €1.5m | ▼ 27.3% |
| Amounts receivable within one year40/41 | €60,378 | €156,074 | €113,233 | €201,267 | €67,493 | ▼ 66.5% |
| Trade receivables40 | €45,867 | €125,766 | €104,692 | €120,815 | €10,690 | ▼ 91.2% |
| Other amounts receivable41 | €14,512 | €30,307 | €8,541 | €80,453 | €56,803 | ▼ 29.4% |
| Current investments50/53 | - | - | €225,000 | - | €1.1m | - |
| Cash at bank and in hand54/58 | €3.9m | €4.4m | €549,928 | €1.8m | €321,862 | ▼ 82.2% |
| Deferred charges and accrued income490/1 | €11,095 | €11,080 | €12,595 | €10,911 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.7m | €6.1m | €2.3m | €3.3m | €2.2m | ▼ 31.2% |
| Equity10/15 | €904,731 | €1.2m | €1.5m | €1.2m | €1.9m | ▲ 55.5% |
| Contributions10/11 | €592,000 | €592,000 | €592,000 | €50,000 | €50,000 | = |
| Reserves13 | €312,731 | €638,187 | €888,675 | €1.1m | €1.8m | ▲ 57.5% |
| Distributable reserves133 | €312,731 | €638,187 | €888,675 | €1.1m | €1.8m | ▲ 57.5% |
| Profit (loss) carried forward14 | - | - | - | €3,698 | €11,417 | ▲ 209% |
| Amounts payable17/49 | €4.8m | €4.9m | €819,723 | €2.1m | €377,953 | ▼ 81.7% |
| Amounts payable after more than one year17 | €842,593 | €685,764 | €581,597 | €477,430 | €238,889 | ▼ 50.0% |
| Financial debts170/4 | €842,593 | €685,764 | €581,597 | €477,430 | €238,889 | ▼ 50.0% |
| Amounts payable within one year42/48 | €3.9m | €4.2m | €238,126 | €1.6m | €139,065 | ▼ 91.2% |
| Current portion of amounts payable after more than one year42 | €111,111 | €104,167 | €104,167 | €104,167 | €66,667 | ▼ 36.0% |
| Trade debts44 | €3.1m | €3.5m | €28,349 | €666,930 | €68 | ▼ 100.0% |
| Suppliers440/4 | €3.1m | €3.5m | €28,349 | €666,930 | - | - |
| Bills of exchange payable441 | - | - | - | - | €68 | - |
| Taxes, remuneration and social security45 | €489,657 | €585,434 | €105,610 | €95,453 | €58,634 | ▼ 38.6% |
| Taxes450/3 | €84,634 | €90,293 | €75,645 | €72,928 | €58,634 | ▼ 19.6% |
| Remuneration and social security454/9 | €405,023 | €495,141 | €29,965 | €22,524 | - | - |
| Other amounts payable47/48 | €224,074 | €0 | - | €719,278 | €13,697 | ▼ 98.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €312,731 | €325,456 | €250,488 | €263,698 | €667,719 | ▲ 153% |
| + Depreciation and write-downs630 | €193,231 | €155,589 | €155,731 | €156,035 | €23,245 | ▼ 85.1% |
| Operating cash flow (approximation) | €505,962 | €481,045 | €406,218 | €419,733 | €690,964 | ▲ 64.6% |
| Investment in fixed assets (approximation) | - | €0 | -€9,255 | -€4,080 | €442,970 | ▲ 10,957% |
| Change in cash | - | €505,858 | -€3.9m | €1.3m | -€1.5m | ▼ 218% |
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
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
31-12
Financial
Highest result since 2021net €667,719 ▲153%
Operating result €974,926, net result €667,719, both a record.
31-12
Financial
Liquidity times 8current ratio 10.55
Current ratio from 1.27 to 10.55; short-term debt falls from €1.6m to €139,065.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €250,488 ▼23%
Net result drops to €250,488, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 3.78
Current ratio from 1.09 to 3.78; short-term debt falls from €4.2m to €238,126.
14-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €1mEq €1.2m ▲36%
2 profitable years in a row build equity to €1.2m.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
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, Gent · 1 establishment unit since 2020
Ground area
4,195 m²
Parcel 44082A0445/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
Vanqui
since 20202.307.525.674
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082A0445/00H000 | Flanders | 4,195 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 6,703 EUR awarded · 6,703 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,700 EUR | 2,700 EUR |
| 2024 | 2 | 3,815 EUR | 3,815 EUR |
| 2022 | 1 | 188 EUR | 188 EUR |
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Of 5,712 companies in sector 70100 we hold annual accounts for 3,518. 1,642 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
Founded24-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
68110Buying and selling of own real estate
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0754870133
Also
9925:BE0754870133
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.