VANRAES
ActiveVANRAES has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €240k and a net result of €34k. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 38% of 14009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▲+7
Solvency40▲+2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.15 in 2024; short-term debt: 37.2% and cash: 3.9% of total assets), and 84.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
15.4%
Return on assets
2.2%
Age of the figures
9 mo
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 · 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 €240k
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 25-02-2026, 156 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
156 d early
2024
30 d early
2023
26 d early
2022
173 d early
2021
125 d early
2020
9 d early
2019
108 d early
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€97k
EBIT margin
-92.2%
Net result
€34k▲ 39.3%
2024 · €24k
2018: €24k
2019: €4k
2020: €15k
2021: €19k
2022: €-100k
2023: €47k
2024: €24k
2018 → 2025
Working capital
€-468k▲ 3.9%
2024 · €-487k
2018: €221k
2019: €254k
2020: €195k
2021: €159k
2022: €102k
2023: €-499k
2024: €-487k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€97k
Equity€235k-€135k▼ 42.6%€182k▲ 34.7%€206k▲ 13.2%€240k▲ 16.3%
Operating result€26k-€-89k€72k€62k▼ 14.4%€73k▲ 17.5%
Net result€19k-€-100k€47k€24k▼ 48.7%€34k▲ 39.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 18% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.55M
Fixed assets
€1.44M▼ 4.1%
Current assets
€111k▲ 29.3%
Equity and liabilities €1.55M
Equity
€240k▲ 16.3%
Debt
€1.32M▼ 5.1%
The debt ratio falls from 87.0% to 84.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€135k▲
2024 · €124k
Cash flow
€96k▲
2024 · €86k
Solvency
15.4%▲
2024 · 13.0%
Current ratio
0.19▲
2024 · 0.15
Quick ratio
0.19▲
2024 · 0.15
Debt / equity
5.49▼
2024 · 6.72
ROE
14.0%▲
2024 · 11.7%
ROA
2.2%▲
2024 · 1.5%
Interest coverage
4.83▲
2024 · 4.15
Debt
€1.32M▼
2024 · €1.39M
Debt ≤ 1 year
€579k▲
2024 · €573k
Debt > 1 year
€736k▼
2024 · €813k
Income taxes
€11k▲
2024 · €8k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.59M€1.55M▼
Fixed assets21/28€1.51M€1.44M▼
Tangible fixed assets22/27€1.50M€1.44M▼
Land and buildings22€1.50M€1.44M▼
Financial fixed assets28€8k€8k=
Current assets29/58€86k€111k▲
Amounts receivable within one year40/41€55k€50k▼
Trade receivables40€48k€50k▲
Other amounts receivable41€7k€25▼
Cash at bank and in hand54/58€30k€60k▲
Equity and liabilities
Total equity and liabilities10/49€1.59M€1.55M▼
Equity10/15€206k€240k▲
Contributions10/11€20k€20k=
Reserves13€115k€115k=
Distributable reserves133€115k€115k=
Profit (loss) carried forward14€71k€105k▲
Amounts payable17/49€1.39M€1.32M▼
Amounts payable after more than one year17€813k€736k▼
Financial debts170/4€813k€736k▼
Amounts payable within one year42/48€573k€579k▲
Current portion of amounts payable after more than one year42€74k€76k▲
Trade debts44€408€26▼
Suppliers440/4€408€26▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€649€5k▲
Taxes450/3€649€5k▲
Other amounts payable47/48€498k€497k=
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€62k=
Other operating charges640/8€10k€797▼
Non-recurring operating charges66A€0-
Gross operating margin9900€134k€136k▲
Operating profit (loss)9901€62k€73k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€30k€28k▼
Recurring financial charges65€30k€28k▼
Profit (loss) for the period before taxes9903€32k€45k▲
Income taxes67/77€8k€11k▲
Profit (loss) for the period9904€24k€34k▲
Profit (loss) for the period to be appropriated9905€24k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€71k€105k▲
Profit (loss) brought forward from the previous period14P€47k€71k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €206k ▲13.2%
2 profitable years in a row build equity to €206k.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €47k
Net result €47k after one loss-making year.
31-12
Financial
Equity above €150kEq €182k ▲34.7%
Equity rises from €135k to €182k.
08-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-100k ▼631%
Net result drops to €-100k, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Wervik · 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.
Menenstraat 1088940 WervikGround area
3,556 m²
Building footprint
1,084 m²
Volume, LiDAR
5,722 m³
Parcel 33009D0765/00M000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vanraes
since 20102.192.106.661
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33009D0765/00M000 | Flanders | 3,556 m² | 1 · 1,084 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
5 endedSimilar companies · same sector, comparable size
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BE 0802.479.911
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IMMO RUEDELYS
BE 0671.614.637
Wielsbeke · Eq €240k
EMMACON
BE 0554.667.081
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S.M.H.
BE 0823.258.004
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KOPACO
BE 0443.891.004
Ravels · Eq €239k
Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 4,323 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-09-2010
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
41001General construction of residential buildings
41003General construction of other non-residential buildings
43120Site preparation
43230Insulation installation
43291Specialised construction activities
43910Bricklaying and masonry work
43990Other specialised construction activities
43994Specialised construction activities
43995Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:janvanraes@hotmail.com