VanQuip
ActiveVanQuip has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €136k and a net result of €30k. Equity is growing by ~22.1% per year across the filed fiscal years. Its solvency ranks better than 73% of 3539 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
93
/ 100
Excellent▼ -1 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency99▲+18
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.78 against 1.61 in 2023), and 38.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
40 d early
2022
39 d early
2021
40 d early
2020
38 d early
2019
42 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€136k▲ 20.2%
2023 · €113k
2018: €42k
2019: €50k
2020: €59k
2021: €64k
2022: €98k
2023: €113k
2018 → 2024
Total assets
€220k▼ 12.9%
2023 · €252k
2018: €161k
2019: €135k
2020: €179k
2021: €183k
2022: €237k
2023: €252k
2018 → 2024
Net result
€30k▼ 17.1%
2023 · €36k
2018: €8k
2019: €18k
2020: €9k
2021: €5k
2022: €35k
2023: €36k
2018 → 2024
Working capital
€92k▲ 66.9%
2023 · €55k
2018: €24k
2019: €25k
2020: €26k
2021: €36k
2022: €40k
2023: €55k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€59k-€64k▲ 8.2%€98k▲ 54.3%€113k▲ 14.8%€136k▲ 20.2%
Operating result€13k-€9k▼ 30.8%€46k▲ 413%€48k▲ 5.1%€44k▼ 9.6%
Net result€9k-€5k▼ 47.3%€35k▲ 614%€36k▲ 4.3%€30k▼ 17.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 10% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €220k
Fixed assets
€76k▼ 28.7%
Current assets
€143k▼ 1.2%
Equity and liabilities €220k
Equity
€136k▲ 20.2%
Debt
€84k▼ 39.6%
The debt ratio falls from 55.3% to 38.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€78k▼
2023 · €85k
Cash flow
€64k▼
2023 · €72k
Solvency
61.7%▲
2023 · 44.7%
Current ratio
2.78▲
2023 · 1.61
Quick ratio
1.48▲
2023 · 1.05
Debt / equity
0.62▼
2023 · 1.23
ROE
22.1%▼
2023 · 32.0%
ROA
13.6%▼
2023 · 14.3%
Interest coverage
60.21▼
2023 · 63.05
Debt
€84k▼
2023 · €139k
Debt ≤ 1 year
€52k▼
2023 · €90k
Debt > 1 year
€32k▼
2023 · €49k
Income taxes
€13k▲
2023 · €11k
Staff costs
€22k▲
2023 · €22k
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€252k€220k▼
Fixed assets21/28€107k€76k▼
Tangible fixed assets22/27€107k€76k▼
Plant, machinery and equipment23€13k€10k▼
Furniture and vehicles24€94k€67k▼
Current assets29/58€145k€143k▼
Stocks and contracts in progress3€51k€67k▲
Stocks30/36€51k€67k▲
Amounts receivable within one year40/41€15k€36k▲
Trade receivables40€15k€36k▲
Other amounts receivable41€110€110=
Cash at bank and in hand54/58€78k€39k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€252k€220k▼
Equity10/15€113k€136k▲
Contributions10/11€20k€20k=
Reserves13€92k€115k▲
Distributable reserves133€92k€115k▲
Amounts payable17/49€139k€84k▼
Amounts payable after more than one year17€49k€32k▼
Financial debts170/4€49k€32k▼
Amounts payable within one year42/48€90k€52k▼
Current portion of amounts payable after more than one year42€21k€17k▼
Financial debts43-€1k
Credit institutions430/8-€1k
Trade debts44€7k€3k▼
Suppliers440/4€7k€3k▼
Advances received on contracts in progress46€7k€7k▼
Taxes, remuneration and social security45€32k€16k▼
Taxes450/3€27k€11k▼
Remuneration and social security454/9€5k€5k▲
Other amounts payable47/48€22k€8k▼
Accrued charges and deferred income492/3€200€300▲
Income statement
Code20232024
Remuneration, social security and pensions62€22k€22k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€34k▼
Other operating charges640/8€8k€7k▼
Gross operating margin9900€114k€107k▼
Operating profit (loss)9901€48k€44k▼
Financial income75/76B€92€143▲
Recurring financial income75€92€143▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€47k€43k▼
Income taxes67/77€11k€13k▲
Profit (loss) for the period9904€36k€30k▼
Profit (loss) for the period to be appropriated9905€36k€30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€30k▼
Transfer to equity691/2€15k€23k▲
To other reserves6921€15k€23k▲
Profit to be distributed694/7€22k€7k▼
Return on contributions (dividend)694€22k€7k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €36k ▲4.3%
Operating result €48k, net result €36k, both a record.
31-12
Financial
Equity above €100kEq €113k ▲14.8%
6 profitable years in a row build equity to €113k.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €5k ▼47.3%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kortrijk · 1 establishment unit since 2010
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.
Koedreef(Mar) 398510 KortrijkGround area
8,694 m²
Building footprint
3,072 m²
Volume, LiDAR
23,920 m³
2 parcels, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VANQUIP
since 20102.191.028.179
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012A0356/00A000 | Flanders | 8,425 m² | 1 · 2,947 m² | 10.4 m · 3 fl. |
| 34026A0121/00P002 | Flanders | 269 m² | 1 · 125 m² | 9.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 · 5 entries · 14,202 EUR awarded · 14,202 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,548 EUR | 5,548 EUR |
| 2024 | 2 | 3,610 EUR | 3,610 EUR |
| 2023 | 1 | 3,240 EUR | 3,240 EUR |
| 2022 | 1 | 1,804 EUR | 1,804 EUR |
Schemes
Individueel Maatwerk
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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Of 24 companies in sector 47813 we hold annual accounts for 9. 7 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-03-2010
Fiscal year end31-12
Activities, NACEBEL
47813Retail trade
95319Other maintenance and repair of motor vehicles
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.vanquip.be