VANRECK TRANSPORT
ActiveVANRECK TRANSPORT has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.51M and a net result of €115k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 46% of 862 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
82
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▲+15
Solvency62▼-2
Growth78▲+20
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.21 in 2024), and 63.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 49
Relative position
BE, all sectors
reference
Sector 49
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
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
36.4%
Return on assets
2.8%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.5M
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
5 d early
2023
13 d early
2022
31 d early
2021
5 d early
2020
1 d early
2019
67 d late
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€115k▲ 77.0%
2024 · €65k
2018: €35k
2019: €11k
2020: €-18k
2021: €103k
2022: €105k
2023: €178k
2024: €65k
2018 → 2025
Working capital
€415k▲ 3.8%
2024 · €400k
2018: €676k
2019: €671k
2020: €675k
2021: €266k
2022: €158k
2023: €347k
2024: €400k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.05M-€1.15M▲ 10.0%€1.33M▲ 15.5%€1.39M▲ 4.9%€1.51M▲ 8.3%
Operating result€154k-€172k▲ 12.0%€262k▲ 52.0%€110k▼ 58.1%€194k▲ 76.4%
Net result€103k-€105k▲ 2.0%€178k▲ 70.3%€65k▼ 63.5%€115k▲ 77.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 76% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.15M
Fixed assets
€1.84M▲ 41.8%
Current assets
€2.31M▼ 1.6%
Equity and liabilities €4.15M
Equity
€1.51M▲ 8.3%
Debt
€2.64M▲ 17.4%
The debt ratio rises from 61.7% to 63.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€356k▲
2024 · €241k
Cash flow
€277k▲
2024 · €196k
Solvency
36.4%▼
2024 · 38.3%
Current ratio
1.22▲
2024 · 1.21
Quick ratio
1.22▲
2024 · 1.20
Debt / equity
1.75▲
2024 · 1.61
ROE
7.6%▲
2024 · 4.7%
ROA
2.8%▲
2024 · 1.8%
Interest coverage
14.16▲
2024 · 13.72
Debt
€2.64M▲
2024 · €2.25M
Debt ≤ 1 year
€1.89M▼
2024 · €1.94M
Debt > 1 year
€747k▲
2024 · €305k
Income taxes
€55k▲
2024 · €32k
Staff costs
€1.88M▲
2024 · €1.48M
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€3.64M€4.15M▲
Fixed assets21/28€1.30M€1.84M▲
Tangible fixed assets22/27€537k€1.08M▲
Furniture and vehicles24€34k€45k▲
Leasing and similar rights25€503k€1.03M▲
Financial fixed assets28€760k€760k=
Current assets29/58€2.34M€2.31M▼
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41€1.81M€1.86M▲
Trade receivables40€1.41M€1.18M▼
Other amounts receivable41€405k€673k▲
Cash at bank and in hand54/58€530k€446k▼
Equity and liabilities
Total equity and liabilities10/49€3.64M€4.15M▲
Equity10/15€1.39M€1.51M▲
Contributions10/11€137k€137k=
Capital10€137k€137k=
Issued capital100€137k€137k=
Reserves13€1.25M€1.35M▲
Non-distributable reserves130/1€14k€14k=
Legal reserve130€14k€14k=
Tax-exempt reserves132€832k€832k=
Distributable reserves133€400k€500k▲
Profit (loss) carried forward14€11k€26k▲
Amounts payable17/49€2.25M€2.64M▲
Amounts payable after more than one year17€305k€747k▲
Financial debts170/4€304k€747k▲
Other amounts payable178/9€600€600=
Amounts payable within one year42/48€1.94M€1.89M▼
Current portion of amounts payable after more than one year42€134k€199k▲
Financial debts43€22k€71k▲
Credit institutions430/8€22k€71k▲
Trade debts44€1.58M€1.29M▼
Suppliers440/4€1.58M€1.29M▼
Taxes, remuneration and social security45€208k€322k▲
Taxes450/3€38k€93k▲
Remuneration and social security454/9€170k€230k▲
Other amounts payable47/48-€5k
Income statement
Code20242025
Non-recurring operating income76A€8k€186k▲
Remuneration, social security and pensions62€1.48M€1.88M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€131k€162k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€46€5k▲
Other operating charges640/8€34k€83k▲
Non-recurring operating charges66A-€51k
Gross operating margin9900€1.76M€2.37M▲
Operating profit (loss)9901€110k€194k▲
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Financial charges65/66B€18k€25k▲
Recurring financial charges65€18k€25k▲
Profit (loss) for the period before taxes9903€97k€170k▲
Income taxes67/77€32k€55k▲
Profit (loss) for the period9904€65k€115k▲
Transfer to tax-exempt reserves689€8k€0▼
Profit (loss) for the period to be appropriated9905€57k€115k▲
Appropriation of the result
Profit (loss) to be appropriated9906€61k€126k▲
Profit (loss) brought forward from the previous period14P€4k€11k▲
Transfer to equity691/2€50k€100k▲
To other reserves6921€50k€100k▲
Social balance
Average headcount (FTE)908725.832.4▲
The notes to these accounts (27 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
26-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €178k ▲70.3%
Operating result €262k, net result €178k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €103k
Net result €103k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-18k ▼265%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 67 days late
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2018
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
28-12-2018
Kathleen Van Egdom: Resigned as Director
28-12-2018
Paul Van Egdom: Resigned as Director
28-12-2018
Paul Van Egdom: Resigned as Managing director
16-04-2018
Kathleen Van Egdom: Resigned as Managing director
17-05-2010
Kristof GEENS: Resigned as Director
Location & real-estate footprint
Registered office, Heist-op-den-Berg · 2 establishment units since 1987
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.
Schoorstraat 402220 Heist-op-den-BergGround area
5.6 ha
Building footprint
9,125 m²
Volume, LiDAR
536 m³
2 parcels, Flanders, Wallonia · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
SA VANRECK TRANSPORTS
since 19872.033.709.522
Vanreck Transport
since 20142.256.631.556
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12322I0610/00B002 | Flanders | 4.6 ha | 1 · 9,035 m² | - |
| 52063F0112/00F000indicative | Wallonia | 9,991 m² | 1 · 90 m² | 6.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 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 · 7 entries · 12,891 EUR awarded · 12,891 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,146 EUR | 1,146 EUR |
| 2024 | 1 | 2,446 EUR | 2,446 EUR |
| 2023 | 3 | 7,118 EUR | 7,118 EUR |
| 2022 | 2 | 2,181 EUR | 2,181 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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PAUL - TRANS
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Of 12,449 companies in sector 49410 we hold annual accounts for 8,086. 3,463 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1986
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.