VANSTEELAND
ActiveSummary
VANSTEELAND has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.7m and a net result of €433,921. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 4909 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+2
Solvency79▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220,000 at 30 days acceptable
Liquidity ample (current ratio 2.13 against 2.21 in 2024; short-term debt: 45.1% and cash: 37.9% of total assets), and 46% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
54%
Return on assets
8.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
22 d early
2023
37 d early
2022
38 d early
2021
26 d early
2020
33 d early
2019
38 d early
← 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 28 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€27.8m
EBIT margin
2.4%
Net result
€433,921▲ 29.4%
2024 · €335,344
Working capital
€2.6m▲ 2.5%
2024 · €2.5m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€27.8m
Operating result€340,705▼ 6.8%€594,993▲ 74.6%€678,248▲ 14.0%€505,912▼ 25.4%€611,068▲ 20.8%
Net result€240,607▼ 3.4%€436,915▲ 81.6%€496,330▲ 13.6%€335,344▼ 32.4%€433,921▲ 29.4%
EBIT margin2.4%
Equity€2.3m▲ 1.8%€2.5m▲ 5.9%€2.6m▲ 5.9%€2.6m▲ 1.4%€2.7m▲ 3.2%
Total assets€4.6m▲ 16.9%€6.0m▲ 29.9%€5.2m▼ 13.5%€4.8m▼ 7.8%€5.1m▲ 5.4%
Debt€2.3m▲ 37.5%€3.6m▲ 54.3%€2.6m▼ 27.0%€2.2m▼ 16.9%€2.3m▲ 8.1%
Working capital€2.0m▼ 7.0%€2.3m▲ 16.0%€2.5m▲ 8.4%€2.5m▲ 0.7%€2.6m▲ 2.5%
Staff (FTE)21.8▼ 9.2%21.2▼ 2.8%20.3▼ 4.2%21.8▲ 7.4%21.8=
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 21% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.1m
Fixed assets
€195,343 ▼ 2.5%
Current assets
€4.9m ▲ 5.7%
Equity and liabilities €5.1m
Equity
€2.7m ▲ 3.2%
Debt
€2.3m ▲ 8.1%
Debt's share of the balance-sheet total rises from 44.9% to 46.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€716,273▲
2024 · €604,168
Cash flow
€539,125▲
2024 · €433,600
Current ratio
2.13▼
2024 · 2.21
Quick ratio
1.39▼
2024 · 1.53
Debt to equity
0.85▲
2024 · 0.81
ROE
15.9%▲
2024 · 12.7%
ROA
8.6%▲
2024 · 7.0%
Interest coverage
59.25▲
2024 · 12.75
Debt ≤ 1 year
€2.3m▲
2024 · €2.1m
Income taxes
€176,071▲
2024 · €140,747
Staff costs
€1.8m▼
2024 · €1.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €27.9m | - | - | - |
| Turnover70 | - | - | €27.8m | - | - | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | €131,618 | - | - | - |
| Other operating income74 | - | - | €29,174 | - | - | - |
| Non-recurring operating income76A | €0 | €6,000 | €17,533 | €4,500 | €40,183 | ▲ 793% |
| Operating charges60/66A | - | - | €27.3m | - | - | - |
| Goods for resale, raw materials and consumables60 | - | - | €23.7m | - | - | - |
| Purchases600/8 | - | - | €25.1m | - | - | - |
| Change in stocks: decrease (increase)609 | - | - | -€1.4m | - | - | - |
| Services and other goods61 | - | - | €1.8m | - | - | - |
| Remuneration, social security and pensions62 | €1.5m | €1.5m | €1.7m | €1.8m | €1.8m | ▼ 0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103,413 | €88,772 | €87,335 | €98,256 | €105,205 | ▲ 7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €8,199 | - |
| Other operating charges640/8 | €5,702 | €9,339 | €13,060 | €18,805 | €25,691 | ▲ 36.6% |
| Gross operating margin9900 | €1.9m | €2.2m | - | €2.5m | €2.6m | ▲ 4.8% |
| Operating profit (loss)9901 | €340,705 | €594,993 | €678,248 | €505,912 | €611,068 | ▲ 20.8% |
| Financial income75/76B | €11,533 | €8,761 | €25,861 | €17,567 | €11,014 | ▼ 37.3% |
| Recurring financial income75 | €11,533 | €8,761 | €25,861 | €17,567 | €11,014 | ▼ 37.3% |
| Income from current assets751 | - | - | €17,056 | - | - | - |
| Other financial income752/9 | - | - | €8,805 | - | - | - |
| Financial charges65/66B | €11,658 | €9,336 | €27,340 | €47,388 | €12,090 | ▼ 74.5% |
| Recurring financial charges65 | €11,658 | €9,336 | €27,340 | €47,388 | €12,090 | ▼ 74.5% |
| Debt charges650 | - | - | €13,052 | - | - | - |
| Other financial charges652/9 | - | - | €14,288 | - | - | - |
| Profit (loss) for the period before taxes9903 | €340,580 | €594,418 | €676,769 | €476,092 | €609,992 | ▲ 28.1% |
| Income taxes67/77 | €99,973 | €157,502 | €180,439 | €140,747 | €176,071 | ▲ 25.1% |
| Taxes670/3 | - | - | €180,439 | - | - | - |
| Profit (loss) for the period9904 | €240,607 | €436,915 | €496,330 | €335,344 | €433,921 | ▲ 29.4% |
| Transfer from tax-exempt reserves789 | €41,813 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €282,420 | €436,915 | €496,330 | €335,344 | €433,921 | ▲ 29.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.6m | €6.0m | €5.2m | €4.8m | €5.1m | ▲ 5.4% |
| Fixed assets21/28 | €374,700 | €313,141 | €264,249 | €200,293 | €195,343 | ▼ 2.5% |
| Tangible fixed assets22/27 | €374,700 | €313,141 | €264,249 | €200,293 | €195,343 | ▼ 2.5% |
| Plant, machinery and equipment23 | €355,674 | €293,200 | €219,943 | €166,272 | €91,512 | ▼ 45.0% |
| Furniture and vehicles24 | €19,026 | €19,941 | €44,307 | €34,021 | €103,831 | ▲ 205% |
| Current assets29/58 | €4.3m | €5.7m | €4.9m | €4.6m | €4.9m | ▲ 5.7% |
| Stocks and contracts in progress3 | €894,653 | €750,426 | €2.3m | €1.4m | €1.7m | ▲ 19.5% |
| Stocks30/36 | €861,840 | €698,498 | €2.1m | €1.3m | €1.6m | ▲ 20.8% |
| Goods purchased for resale34 | - | - | €2.1m | - | - | - |
| Contracts in progress37 | €32,813 | €51,929 | €183,547 | €81,952 | €80,952 | ▼ 1.2% |
| Amounts receivable within one year40/41 | €1.5m | €1.9m | €1.5m | €1.5m | €1.2m | ▼ 16.6% |
| Trade receivables40 | €1.5m | €1.8m | €1.5m | €1.4m | €1.2m | ▼ 12.8% |
| Other amounts receivable41 | €26,414 | €69,155 | €6,321 | €67,158 | €1,620 | ▼ 97.6% |
| Current investments50/53 | - | - | €200,000 | €0 | - | - |
| Other investments51/53 | - | - | €200,000 | - | - | - |
| Cash at bank and in hand54/58 | €1.9m | €3.1m | €940,734 | €1.7m | €1.9m | ▲ 14.4% |
| Deferred charges and accrued income490/1 | €29,179 | €14,433 | €33,973 | €23,474 | €15,284 | ▼ 34.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.6m | €6.0m | €5.2m | €4.8m | €5.1m | ▲ 5.4% |
| Equity10/15 | €2.3m | €2.5m | €2.6m | €2.6m | €2.7m | ▲ 3.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €2.3m | €2.4m | €2.6m | €2.6m | €2.7m | ▲ 3.2% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €6,569 | €6,569 | €6,569 | €6,569 | €6,569 | = |
| Distributable reserves133 | €2.3m | €2.4m | €2.5m | €2.6m | €2.7m | ▲ 3.3% |
| Profit (loss) carried forward14 | €0 | €0 | - | €0 | €0 | - |
| Amounts payable17/49 | €2.3m | €3.6m | €2.6m | €2.2m | €2.3m | ▲ 8.1% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €2.3m | €3.4m | €2.4m | €2.1m | €2.3m | ▲ 9.6% |
| Trade debts44 | €782,593 | €697,433 | €1.1m | €972,163 | €1.4m | ▲ 47.4% |
| Suppliers440/4 | €782,593 | €697,433 | €1.1m | €972,163 | €1.4m | ▲ 47.4% |
| Advances received on contracts in progress46 | €865,097 | €1.8m | €548,220 | €386,890 | €114,420 | ▼ 70.4% |
| Taxes, remuneration and social security45 | €422,192 | €606,385 | €467,670 | €424,640 | €386,485 | ▼ 9.0% |
| Taxes450/3 | €235,380 | €377,979 | €204,026 | €148,634 | €119,534 | ▼ 19.6% |
| Remuneration and social security454/9 | €186,811 | €228,406 | €263,644 | €276,006 | €266,952 | ▼ 3.3% |
| Other amounts payable47/48 | €200,000 | €300,000 | €350,000 | €300,000 | €350,004 | ▲ 16.7% |
| Accrued charges and deferred income492/3 | €33,099 | €153,803 | €153,470 | €71,351 | €46,371 | ▼ 35.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €240,607 | €436,915 | €496,330 | €335,344 | €433,921 | ▲ 29.4% |
| + Depreciation and write-downs630 | €103,413 | €88,772 | €87,335 | €98,256 | €105,205 | ▲ 7.1% |
| Operating cash flow (approximation) | €344,020 | €525,687 | €583,666 | €433,600 | €539,125 | ▲ 24.3% |
| Investment in fixed assets (approximation) | - | -€27,212 | -€38,444 | -€34,299 | -€100,255 | ▼ 192% |
| Change in cash | - | €1.2m | -€2.2m | €737,453 | €242,038 | ▼ 67.2% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €496,330 ▲13.6%
Operating result €678,248, net result €496,330, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-06
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.
0 of 21 acts read
About the unread acts
We know of 21 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
21 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, Izegem · 1 establishment unit since 1979
Ground area
1.2 ha
Building footprint
1,599 m²
Volume, LiDAR
9,135 m³
Parcel 36493B0582/00F003, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VANSTEELAND
since 19792.016.881.210
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36493B0582/00F003 | Flanders | 1.2 ha | 1 · 1,599 m² | 8.9 m · 2 fl. |
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 · 4 entries · 3,938 EUR awarded · 3,846 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 465 EUR | 467 EUR |
| 2024 | 1 | 1,651 EUR | 1,466 EUR |
| 2023 | 1 | 1,064 EUR | 1,155 EUR |
| 2022 | 1 | 758 EUR | 758 EUR |
Recognitions · licences · registrations
Dual-learning approval
1 live approvalPolyvalent mecanicien zware bedrijfsvoertuigen duaal (so)
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Of 338 companies in sector 46713 we hold annual accounts for 204. 104 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-10-1979
Fiscal year end31-12
Activities, NACEBEL 2025
46712Wholesale trade
46713Wholesale trade
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
46180Agents specialised in the wholesale of other particular products
52210Service activities incidental to land transportation
77120Rental and leasing activities
Contact
Scores and ratios are computed by Checked and are not a credit decision.