VANVACO
ActiveSummary
VANVACO has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €308,169 and a net result of €34,423. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 82% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▲+1
Solvency98=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity ample (current ratio 4.09 against 4.63 in 2023; short-term debt: 21.7% and cash: 16% of total assets), and 27.2% of the assets are financed with debt.
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Signals
Three 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
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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 15-07-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
13 d early
2022
14 d early
2021
12 d early
2020
31 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 1 day after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€308,169▲ 12.6%
2023 · €273,746
Total assets
€423,142▲ 13.1%
2023 · €374,107
Net result
€34,423▲ 23.6%
2023 · €27,855
Working capital
€283,344▲ 8.4%
2023 · €261,348
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€87,478▲ 599%€62,690▼ 28.3%€35,805▼ 42.9%€42,148▲ 17.7%€55,527▲ 31.7%
Net result€63,922above the sector's middle half▲ 631%€38,734above the sector's middle half▼ 39.4%€20,441above the sector's middle half▼ 47.2%€27,855above the sector's middle half▲ 36.3%€34,423above the sector's middle half▲ 23.6%
Equity€198,131above the sector's middle half▲ 47.6%€236,865above the sector's middle half▲ 19.5%€245,891above the sector's middle half▲ 3.8%€273,746above the sector's middle half▲ 11.3%€308,169above the sector's middle half▲ 12.6%
Total assets€312,434within the sector's middle half▲ 21.3%€343,602above the sector's middle half▲ 10.0%€350,092above the sector's middle half▲ 1.9%€374,107above the sector's middle half▲ 6.9%€423,142above the sector's middle half▲ 13.1%
Debt€114,303▼ 7.3%€106,737▼ 6.6%€104,201▼ 2.4%€100,361▼ 3.7%€114,973▲ 14.6%
Working capital€155,690above the sector's middle half▲ 29.3%€209,893above the sector's middle half▲ 34.8%€226,614above the sector's middle half▲ 8.0%€261,348above the sector's middle half▲ 15.3%€283,344above the sector's middle half▲ 8.4%
Solvency63.4%above the sector's middle half▲ 11.3pp68.9%above the sector's middle half▲ 5.5pp70.2%above the sector's middle half▲ 1.3pp73.2%above the sector's middle half▲ 2.9pp72.8%above the sector's middle half▼ 0.3pp
Current ratio3.20above the sector's middle half▲ 0.594.08above the sector's middle half▲ 0.874.21above the sector's middle half▲ 0.134.63above the sector's middle half▲ 0.424.09above the sector's middle half▼ 0.54
Return on assets (ROA)20.5%above the sector's middle half▲ 17.1pp11.3%within the sector's middle half▼ 9.2pp5.8%within the sector's middle half▼ 5.4pp7.4%within the sector's middle half▲ 1.6pp8.1%within the sector's middle half▲ 0.7pp
Staff (FTE)4above the sector's middle half▲ 17.6%5.7▲ 42.5%5▼ 12.3%4.5▼ 10.0%4▼ 11.1%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 32% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €423,142
Fixed assets
€48,184 ▲ 18.2%
Current assets
€374,959 ▲ 12.5%
Equity and liabilities €423,142
Equity
€308,169 ▲ 12.6%
Debt
€114,973 ▲ 14.6%
Debt's share of the balance-sheet total rises from 26.8% to 27.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€68,953▲
2023 · €56,610
Cash flow
€47,849▲
2023 · €42,317
Quick ratio
2.85▼
2023 · 3.19
Debt to equity
0.37▲
2023 · 0.37
ROE
11.2%▲
2023 · 10.2%
Interest coverage
14.58▲
2023 · 11.11
Debt ≤ 1 year
€91,615▲
2023 · €71,979
Debt > 1 year
€22,478▼
2023 · €27,823
Income taxes
€16,376▲
2023 · €9,219
Staff costs
€100,372▼
2023 · €125,273
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €107,770 | €117,761 | €125,273 | €100,372 | ▼ 19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,660 | €20,608 | €16,053 | €14,462 | €13,426 | ▼ 7.2% |
| Other operating charges640/8 | - | €4,669 | €2,529 | €3,398 | €2,357 | ▼ 30.7% |
| Gross operating margin9900 | €206,076 | €195,737 | €172,148 | €185,281 | €171,681 | ▼ 7.3% |
| Operating profit (loss)9901 | €87,478 | €62,690 | €35,805 | €42,148 | €55,527 | ▲ 31.7% |
| Financial income75/76B | - | €422 | €9 | €22 | €0 | ▼ 99.0% |
| Recurring financial income75 | €0 | €422 | €9 | €22 | €0 | ▼ 99.0% |
| Financial charges65/66B | - | €4,916 | €5,155 | €5,096 | €4,728 | ▼ 7.2% |
| Recurring financial charges65 | €4,455 | €4,916 | €5,155 | €5,096 | €4,728 | ▼ 7.2% |
| Profit (loss) for the period before taxes9903 | €83,023 | €58,196 | €30,658 | €37,074 | €50,799 | ▲ 37.0% |
| Income taxes67/77 | €19,101 | €19,461 | €10,217 | €9,219 | €16,376 | ▲ 77.6% |
| Profit (loss) for the period9904 | €63,922 | €38,734 | €20,441 | €27,855 | €34,423 | ▲ 23.6% |
| Profit (loss) for the period to be appropriated9905 | €88,295 | €38,734 | €20,441 | €27,855 | €34,423 | ▲ 23.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €312,434 | €343,602 | €350,092 | €374,107 | €423,142 | ▲ 13.1% |
| Fixed assets21/28 | €86,084 | €65,476 | €52,819 | €40,780 | €48,184 | ▲ 18.2% |
| Tangible fixed assets22/27 | €86,084 | €65,476 | €51,319 | €39,280 | €46,684 | ▲ 18.8% |
| Land and buildings22 | - | €41,463 | €34,632 | €28,080 | €28,564 | ▲ 1.7% |
| Plant, machinery and equipment23 | - | €23,400 | €16,513 | €11,200 | €18,120 | ▲ 61.8% |
| Furniture and vehicles24 | - | €613 | €174 | - | - | - |
| Financial fixed assets28 | - | - | €1,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €226,350 | €278,127 | €297,273 | €333,327 | €374,959 | ▲ 12.5% |
| Stocks and contracts in progress3 | €101,101 | €100,760 | €105,975 | €103,542 | €113,504 | ▲ 9.6% |
| Stocks30/36 | - | €100,760 | €105,975 | €103,542 | €113,504 | ▲ 9.6% |
| Amounts receivable within one year40/41 | €22,789 | €22,203 | €18,285 | €30,000 | €26,884 | ▼ 10.4% |
| Trade receivables40 | - | €328 | €2,341 | €4,036 | €4,480 | ▲ 11.0% |
| Other amounts receivable41 | - | €21,875 | €15,944 | €25,965 | €22,404 | ▼ 13.7% |
| Current investments50/53 | - | - | €120,980 | €150,040 | €158,029 | ▲ 5.3% |
| Cash at bank and in hand54/58 | €98,814 | €150,727 | €47,739 | €41,621 | €67,570 | ▲ 62.3% |
| Deferred charges and accrued income490/1 | - | €4,436 | €4,294 | €8,123 | €8,972 | ▲ 10.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €312,434 | €343,602 | €350,092 | €374,107 | €423,142 | ▲ 13.1% |
| Equity10/15 | €198,131 | €236,865 | €245,891 | €273,746 | €308,169 | ▲ 12.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €222,617 | €261,351 | €270,377 | €298,232 | €332,655 | ▲ 11.5% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €259,491 | €268,517 | €298,232 | €332,655 | ▲ 11.5% |
| Profit (loss) carried forward14 | -€43,086 | -€43,086 | -€43,086 | -€43,086 | -€43,086 | = |
| Amounts payable17/49 | €114,303 | €106,737 | €104,201 | €100,361 | €114,973 | ▲ 14.6% |
| Amounts payable after more than one year17 | €43,230 | €38,197 | €33,061 | €27,823 | €22,478 | ▼ 19.2% |
| Financial debts170/4 | - | €38,197 | €33,061 | €27,823 | €22,478 | ▼ 19.2% |
| Amounts payable within one year42/48 | €70,660 | €68,234 | €70,659 | €71,979 | €91,615 | ▲ 27.3% |
| Current portion of amounts payable after more than one year42 | - | €5,033 | €5,135 | €5,239 | €5,344 | ▲ 2.0% |
| Financial debts43 | - | €3,344 | €4,013 | €5,084 | €5,077 | ▼ 0.1% |
| Credit institutions430/8 | - | €3,344 | €4,013 | €5,084 | €5,077 | ▼ 0.1% |
| Trade debts44 | €32,141 | €33,334 | €40,755 | €40,799 | €66,569 | ▲ 63.2% |
| Suppliers440/4 | - | €33,334 | €40,755 | €40,799 | €66,569 | ▲ 63.2% |
| Taxes, remuneration and social security45 | - | €26,522 | €19,017 | €20,160 | €13,927 | ▼ 30.9% |
| Taxes450/3 | - | €9,335 | €604 | €1,050 | €24 | ▼ 97.7% |
| Remuneration and social security454/9 | - | €17,187 | €18,413 | €19,111 | €13,904 | ▼ 27.2% |
| Other amounts payable47/48 | - | - | €1,739 | €697 | €697 | = |
| Accrued charges and deferred income492/3 | - | €307 | €480 | €559 | €880 | ▲ 57.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63,922 | €38,734 | €20,441 | €27,855 | €34,423 | ▲ 23.6% |
| + Depreciation and write-downs630 | €15,660 | €20,608 | €16,053 | €14,462 | €13,426 | ▼ 7.2% |
| Operating cash flow (approximation) | €79,582 | €59,343 | €36,494 | €42,317 | €47,849 | ▲ 13.1% |
| Investment in fixed assets (approximation) | - | €0 | -€3,397 | -€2,423 | -€20,830 | ▼ 760% |
| Change in cash | - | €51,913 | -€102,988 | -€6,118 | €25,949 | ▲ 524% |
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
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €236,865 ▲19.5%
3 profitable years in a row build equity to €236,865.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €63,922 ▲631%
Operating result €87,478, net result €63,922, both a record.
31-12
Financial
Equity above €150,000Eq €198,131 ▲47.6%
2 profitable years in a row build equity to €198,131.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €8,742
Net result €8,742 after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tongeren-Borgloon · 1 establishment unit since 2001
Ground area
2,328 m²
Building footprint
495 m²
Volume, LiDAR
3,223 m³
Parcel 73094B0151/00G000, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SPAR
since 20012.101.261.609
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73094B0151/00G000 | Flanders | 2,328 m² | 1 · 495 m² | 11.7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTongeren-Borgloon2.101.261.609
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,853. 3,746 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-02-1999
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465485875
Also
9925:BE0465485875
Registered
20-01-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.