VANVER
ActiveSummary
VANVER has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €74,110. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 25% of 332 sector peers (NACE 16, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Overview
- Staff
- 22.5 FTE
- Equity
- €1.1m
- Profit
- €74,110
- Largest shareholder
- Vanste · 50%
- VansteDaily manager · permanent representative Gino Vanderhaeghen
- VANVER CONCEPTDaily manager · permanent representative Eddy De Keukelaere
Why 63raises riskLiquidity: current ratio 1.29, cash €84,261Equity €1.1m (22.1% of total assets)1 change of registered office in 24 monthsSize: 22.5 FTE, total assets €4.9mShow the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 16, small): better than 20% on solvency, 7% on liquidity, 22% on profitability and 73% on growth.
The bankruptcy probability was computed on 27-10-2026 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
This company filed its last 7 accounts on average 113 days before the deadline; the sector median (NACE 16) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
- Reappointments: VANVER CONCEPT (director) and Vanste…Permanent representatives: Eddy De Keukelaere…
- Registered officeRegistered-office move
- Annual accounts filedfinancial year 2025 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen two years in a row; 2025 is 3% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 4,685 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96.9% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 4,685 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1.4m | €1.5m | €1.6m | €1.6m | ▼ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.07m | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | ▲ 5.7% |
| Other operating charges640/8 | - | - | - | €0.01m | €0.02m | €0.03m | €0.03m | ▲ 18.4% |
| Gross operating margin9900 | €1.3m | €0.9m | €1.7m | €1.9m | €2.1m | €2.1m | €2.0m | ▼ 3.4% |
| Operating profit (loss)9901 | €0.3m | -€0.4m | €0.2m | €0.3m | €0.4m | €0.3m | €0.3m | ▼ 3.1% |
| Financial income75/76B | - | - | - | €0.001m | €0.009m | €0.008m | €0.006m | ▼ 27.7% |
| Recurring financial income75 | €0.001m | €197 | €0.005m | €0.001m | €0.009m | €0.008m | €0.006m | ▼ 27.7% |
| Financial charges65/66B | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 2.8% |
| Recurring financial charges65 | €0.06m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 2.8% |
| Profit (loss) for the period before taxes9903 | €0.2m | -€0.5m | €0.05m | €0.1m | €0.2m | €0.1m | €0.09m | ▼ 16.4% |
| Income taxes67/77 | €0.08m | €0.01m | €0.003m | €0.002m | €0.002m | €0.001m | €0.02m | ▲ 12× |
| Profit (loss) for the period9904 | €0.1m | -€0.5m | €0.05m | €0.1m | €0.2m | €0.1m | €0.07m | ▼ 29.8% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | -€0.5m | €0.05m | €0.1m | €0.2m | €0.1m | €0.07m | ▼ 29.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3.9m | €4.2m | €5.0m | €5.1m | €6.7m | €6.2m | €4.9m | ▼ 20.9% |
| Formation expenses20 | - | €0.02m | €0.02m | €0.01m | €0.01m | €0.01m | €0.009m | ▼ 16.7% |
| Fixed assets21/28 | €0.07m | €0.4m | €1.1m | €0.9m | €0.9m | €0.8m | €0.8m | ▼ 9.1% |
| Tangible fixed assets22/27 | €0.07m | €0.4m | €1.1m | €0.9m | €0.9m | €0.8m | €0.8m | ▼ 9.1% |
| Land and buildings22 | - | - | - | €0.06m | €0.2m | €0.2m | €0.2m | ▼ 9.6% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.08m | €0.04m | €0.01m | ▼ 78.7% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.02m | €0.01m | €0.008m | ▼ 43.0% |
| Leasing and similar rights25 | - | - | - | €0.7m | €0.6m | €0.6m | €0.5m | ▼ 2.4% |
| Current assets29/58 | €3.9m | €3.8m | €3.9m | €4.2m | €5.7m | €5.3m | €4.1m | ▼ 22.8% |
| Stocks and contracts in progress3 | €0.4m | €0.5m | €0.6m | €2.1m | €2.3m | €2.4m | €2.4m | ▼ 1.5% |
| Stocks30/36 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | ▼ 3.1% |
| Contracts in progress37 | - | - | - | €1.4m | €1.6m | €1.7m | €1.7m | ▼ 0.8% |
| Amounts receivable within one year40/41 | €2.5m | €1.8m | €1.8m | €2.0m | €3.2m | €2.8m | €1.6m | ▼ 40.9% |
| Trade receivables40 | - | - | - | €1.7m | €2.7m | €2.4m | €1.4m | ▼ 42.1% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.4m | €0.4m | €0.3m | ▼ 33.4% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.1m | €0.08m | €0.2m | €0.1m | €0.08m | ▼ 33.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.002m | €0.002m | €0.006m | ▲ 143% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3.9m | €4.2m | €5.0m | €5.1m | €6.7m | €6.2m | €4.9m | ▼ 20.9% |
| Equity10/15 | €0.7m | €0.5m | €0.6m | €0.7m | €0.9m | €1.0m | €1.1m | ▲ 7.4% |
| Contributions10/11 | €0.05m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.6m | €0.2m | €0.3m | €0.4m | €0.6m | €0.7m | €0.8m | ▲ 10.9% |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Tax-exempt reserves132 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Distributable reserves133 | - | - | - | €0.3m | €0.5m | €0.6m | €0.7m | ▲ 11.9% |
| Amounts payable17/49 | €3.3m | €3.7m | €4.4m | €4.4m | €5.8m | €5.2m | €3.8m | ▼ 26.4% |
| Amounts payable after more than one year17 | €0.1m | €0.2m | €0.7m | €0.9m | €0.9m | €0.8m | €0.5m | ▼ 29.7% |
| Financial debts170/4 | - | - | - | €0.8m | €0.8m | €0.6m | €0.4m | ▼ 25.8% |
| Other amounts payable178/9 | - | - | - | €0.1m | €0.1m | €0.2m | €0.09m | ▼ 43.3% |
| Amounts payable within one year42/48 | €3.2m | €3.5m | €3.7m | €3.5m | €4.8m | €4.4m | €3.2m | ▼ 27.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 4.4% |
| Financial debts43 | - | - | - | €2.0m | €2.0m | €2.0m | €2.0m | ▲ 1.0% |
| Credit institutions430/8 | - | - | - | €2.0m | €2.0m | €2.0m | €2.0m | ▲ 1.0% |
| Trade debts44 | €1.5m | €1.3m | €1.4m | €1.2m | €2.5m | €2.2m | €1.0m | ▼ 56.5% |
| Suppliers440/4 | - | - | - | €1.2m | €2.5m | €2.2m | €1.0m | ▼ 56.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.05m | €0.001m | €0.001m | ▲ 50.0% |
| Taxes450/3 | - | - | - | €0.003m | €0.002m | €0.001m | €0.001m | ▲ 50.0% |
| Remuneration and social security454/9 | - | - | - | €0.05m | €0.05m | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.08m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €133,494 | -€464,907 | €50,436 | €141,703 | €174,841 | €105,632 | €74,110 | ▼ 29.8% |
| + Depreciation and write-downs630 | €11,898 | €65,271 | €107,868 | €185,802 | €176,729 | €114,808 | €121,348 | ▲ 5.7% |
| Operating cash flow (approximation) | €145,392 | -€399,637 | €158,304 | €327,505 | €351,570 | €220,440 | €195,458 | ▼ 11.3% |
| Investment in fixed assets (approximation) | - | -€429,318 | -€780,768 | -€8,859 | -€196,707 | -€1,859 | -€45,298 | ▼ 2,337% |
| Change in cash | - | €3,304 | -€121,987 | -€37,284 | €107,677 | -€59,836 | -€42,558 | ▲ 28.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | abbreviated format | 19-12-2025 | 2025-00587503 |
| 30-09-2024 | abbreviated format | 02-01-2025 | 2025-00630937 |
| 30-09-2023 | abbreviated format | 20-11-2023 | 2023-00513267 |
| 30-09-2022 | abbreviated format | 24-11-2022 | 2022-20524604 |
| 30-09-2021 | abbreviated format | 30-11-2021 | 2021-78700412 |
| 30-09-2020 | abbreviated format | 24-03-2021 | 2021-08300317 |
| 30-09-2019 | abbreviated format | 25-03-2020 | 2020-07500499 |
| 30-09-2018 | abbreviated format | 11-03-2019 | 2019-06700057 |
| 30-09-2017 | abbreviated format | 27-03-2018 | 2018-08000034 |
| 30-09-2016 | abbreviated format | 15-03-2017 | 2017-06300524 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 · 1 entry · €135 awarded · €135 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 2
Permanent representatives 2
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Vanste |
|
| VANVER CONCEPT |
|
Owners and capital
Owners
2 ownersOwners 2
-
50%
-
50%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
2 current directorsThe board mandates are listed below; here you explore them as a network.
History
Acts, filings and financial milestones
16-04
Gazette deed
Reappointments: VANVER CONCEPT (director) and Vanste (director)Permanent representatives: Eddy De Keukelaere and Gino Vanderhaeghen · Appointments: Vanste (day-to-day manager) and VANVER CONCEPT (day-to-day manager)9 facts ▸
- General meeting, 01-04-2026
- Director reappointment, VANVER CONCEPT (director)
- Permanent representative, Eddy De Keukelaere (representative)
- Director reappointment, Vanste (director)
- Permanent representative, Gino Vanderhaeghen (representative)
- Board meeting, 01-04-2026
- Director appointment, Vanste (day-to-day manager)
- Director appointment, VANVER CONCEPT (day-to-day manager)
- Other provision, “indiening, lasthebber” (deed in Dutch)
09-03
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 10-02-2026
- Registered-office move, Industriestraat 33,8755 Wingene
Show earlier events
About the unread acts
Of the 9 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0443.700.665
Recognitions · licences · registrations
Recognised contractor
2 categories- D4 Sound and heat insulation, light partitions, false ceilings and floorsclass 1, up to €162,000
- D5 General joinery, timber roof trusses and stairsclass 1, up to €162,000
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 37012C0306/00E000 | Flanders | 503 m² | 1 · 207 m² | 9.4 m · 2 |
How the parcels are linked
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Other provision: “Mandaat gedelegeerd bestuurder bij verlenging/herbenoeming bestuursmandaat, conform statuten” (deed in Dutch)
Read from the deeds: 1 provision, deed of 16-04-2026