VANRAES ALBERT

Active

Public limited companyfounded 1991active for 34 yearsGentse Steenweg 229, 9990 Maldegem, BelgiumKBO/BCE: BE 0445.741.427

Summary

The computed 12-month bankruptcy probability of VANRAES ALBERT is 2.1% (moderate). The 2025 annual accounts show negative equity (-€22,546) and a net result of -€44,276. Equity is shrinking by about 17% per year across the filed financial years. Its solvency ranks better than 9% of 12,724 sector peers (NACE 47, financial year 2025). The company has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

VANRAES ALBERTActiveChecked score 52/100

Risk analysis Report Compare

Activity

Retail sale of solid, liquid and gaseous fuels, excluding motor fuels

NACE 47781

1 site

Size

€105,563total assets 2025

Equity: -€22,546
Loss: -€44,276

Turnover not published (abbreviated or micro format)

Financial health

52 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 2.1%

Structure

Sulich – Vandedrinck AgnieszkaDirector
Vandedrinck EdwardManaging director

2025 accounts filed 31 days late3 of 8 deeds summarised

Why 52raises riskLoss of €44,276, the second in a row (financial year 2025)Sector: Retail trade (NACE 47)Negative equity -€22,546lowers riskSize: total assets €105,563Show the evidence

Checked score

Score 2025

52 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 20% of its sector peers (NACE 47, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 4-57

equity -21.4% of total assets

Liquidity 51+29

short-term debt 12.5% · cash 2.1%

Profitability 0=

return on assets -41.9%

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,263 companies, NACE 47, micro)

Last 24 months 11-2024: 1.7% 12-2024: 1.7%● unchanged vs 11-2024 01-2025: 1.7%● unchanged vs 12-2024 02-2025: 0.8%▼ -0.9 percentage points vs 01-2025lowest value 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 1.0%▲ +0.2 percentage points vs 06-2025 08-2025: 1.4%▲ +0.4 percentage points vs 07-2025 09-2025: 1.0%▼ -0.4 percentage points vs 08-2025 10-2025: 1.0%● unchanged vs 09-2025 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 1.0%● unchanged vs 04-2026 06-2026: 1.0%● unchanged vs 05-2026 07-2026: 1.1%▲ +0.1 percentage points vs 06-2026 08-2026: 1.7%▲ +0.6 percentage points vs 07-2026 09-2026: 2.1%▲ +0.4 percentage points vs 08-2026highest value 10-2026: 2.1%● unchanged vs 09-2026highest value

No credit on open account

Liquidity ample (current ratio 5.53, compared with 1.6 in 2024, above the usual 1.5; short-term debt: 12.5% and cash: 2.1% of total assets), but equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 14% on solvency, 55% on liquidity, 6% on profitability and 3% on growth.

The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises risk

Loss of €44,276, the second in a row (financial year 2025)

NBB · annual accounts

Size: total assets €105,563

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Sector: Retail trade (NACE 47)

KBO

Negative equity -€22,546

NBB · annual accounts

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€22,546

2025 accounts filed 31 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2025

31 days late

2024

28 days late

2023

12 days early

2022

29 days late

2021

16 days early

2020

15 days early

2019

70 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 16 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (4 of the last 5 filed years within 39 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

31-08-2026 Annual accounts filedfinancial year 2025 · abbreviated…
31-12-2025 Weakest financial yearnet -€44,276
31-12-2025 Liquidity more than triplescurrent ratio 5.53

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€22,546 View
Risk: 5 loss-making years in a rowloss financial year 2025 -€44,276 View
Caution: Among the weakest 10% on solvencysector median 36.6% · 12,724 companies -21.4% View

By topic

Financials

Financial year: 2025
Total assets: €105,563
Loss: -€44,276
Solvency: -21.4%

Total assets▲ 74.5%

Net result

20182025

Go to Financials

Board & ownership

Board: 2 members

Sulich – Vandedrinck AgnieszkaDirector
Vandedrinck EdwardManaging director

Go to Board & ownership

Timeline

Events: 41
Since: 1993
Next accounts: by 31-07-2027

28-08-2025Annual accounts filed
17-01-2025Reappointments: Vandedrinck Edward (director) and Sulich –…
08-10-2024Reappointments: Edward Vandedrinck (director) and Agnieszka Sulich-Vandedrinck…

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Retail sale of solid, liquid and gaseous fuels…NACE 47781
Founded: 15-11-1991
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 47

Annual meeting: First Saturday of June at 18:00
Purpose: “De vennootschap heeft tot voorwerp het aankopen,verkopen van verven,lijmen,schilders- en…” (deed in Dutch)

Go to Articles of association

Key facts about VANRAES ALBERT

What is the company number of VANRAES ALBERT?: 0445.741.427. In Belgium the VAT number is the company number with BE in front: BE 0445.741.427.
Where is VANRAES ALBERT based?: The registered office is at Gentse Steenweg 229, 9990 Maldegem.Company details
What does VANRAES ALBERT do?: According to the KBO register, the main activity is retail sale of solid, liquid and gaseous fuels, excluding motor fuels (NACE 47781).
What is the legal form of VANRAES ALBERT?: Public limited company (NV).
When was VANRAES ALBERT founded?: On 15-11-1991.
Is VANRAES ALBERT still active?: Yes, VANRAES ALBERT is an active enterprise in the KBO register.
What is the turnover of VANRAES ALBERT?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is VANRAES ALBERT profitable?: In financial year 2025, VANRAES ALBERT made a loss of €44,276.
Where can I find the annual accounts of VANRAES ALBERT?: VANRAES ALBERT filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of VANRAES ALBERT due?: By 31-07-2027, for financial year 2026.Timeline