VANVER CONCEPT
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 05-12-2025 PDF all 14 filings
Turnover
≈ €110,000
Estimated: probably between €66,000 and €160,000
Total assets
€638,226▼ 1.4%
2024 · €647,583
Net result
€24,255▼ 33.0%
2024 · €36,199
Working capital
€8,430▼ 37.9%
2024 · €13,583
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€41,257
▼ 21.5%
2025
20192025
Net result
€24,255
▼ 33.0%
2025
middle half of the sector
20192025
Equity
€526,372
▲ 4.8%
2025
middle half of the sector
20192025
Total assets
€638,226
▼ 1.4%
2025
middle half of the sector
20192025
Debt
€111,855
▼ 23.1%
2025
20192025
Working capital
€8,430
▼ 37.9%
2025
middle half of the sector
20192025
Solvency
82.5%
▲ 4.9pp
2025
highest quarter of the sector
20192025
Current ratio
1.15
▼ 0.07
2025
middle half of the sector
20192025
Return on assets (ROA)
3.8%
▼ 1.8pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€33,608--€16,817€40,248€50,117▲ 24.5%€52,988▲ 5.7%€52,583▼ 0.8%€41,257▼ 21.5%
Net result€18,573--€22,420below the sector's middle half€27,947within the sector's middle half€30,895within the sector's middle half▲ 10.6%€34,163within the sector's middle half▲ 10.6%€36,199within the sector's middle half▲ 6.0%€24,255within the sector's middle half▼ 33.0%
Equity€413,905-€391,486above the sector's middle half▼ 5.4%€419,432above the sector's middle half▲ 7.1%€450,328within the sector's middle half▲ 7.4%€484,491within the sector's middle half▲ 7.6%€502,117within the sector's middle half▲ 3.6%€526,372within the sector's middle half▲ 4.8%
Total assets€436,977-€638,658above the sector's middle half▲ 46.2%€635,342above the sector's middle half▼ 0.5%€632,701within the sector's middle half▼ 0.4%€645,183within the sector's middle half▲ 2.0%€647,583within the sector's middle half▲ 0.4%€638,226within the sector's middle half▼ 1.4%
Debt€23,072-€247,172▲ 971%€215,910▼ 12.6%€182,373▼ 15.5%€160,692▼ 11.9%€145,466▼ 9.5%€111,855▼ 23.1%
Working capital€77,630-€15,729within the sector's middle half▼ 79.7%€15,676within the sector's middle half▼ 0.3%€19,592within the sector's middle half▲ 25.0%€25,025within the sector's middle half▲ 27.7%€13,583within the sector's middle half▼ 45.7%€8,430within the sector's middle half▼ 37.9%
Solvency94.7%-61.3%within the sector's middle half▼ 33.4pp66.0%within the sector's middle half▲ 4.7pp71.2%within the sector's middle half▲ 5.2pp75.1%within the sector's middle half▲ 3.9pp77.5%within the sector's middle half▲ 2.4pp82.5%above the sector's middle half▲ 4.9pp
Current ratio4.43-1.33within the sector's middle half▼ 3.101.34within the sector's middle half▲ 0.011.48within the sector's middle half▲ 0.141.52within the sector's middle half▲ 0.041.22within the sector's middle half▼ 0.301.15within the sector's middle half▼ 0.07
Return on assets (ROA)4.3%--3.5%below the sector's middle half▼ 7.8pp4.4%within the sector's middle half▲ 7.9pp4.9%within the sector's middle half▲ 0.5pp5.3%within the sector's middle half▲ 0.4pp5.6%within the sector's middle half▲ 0.3pp3.8%within the sector's middle half▼ 1.8pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 22% lower than in 2024. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €638,226
Fixed assets
€571,964 =
Current assets
€66,263 ▼ 12.4%
Equity and liabilities €638,226
Equity
€526,372 ▲ 4.8%
Debt
€111,855 ▼ 23.1%
Debt's share of the balance-sheet total falls from 22.5% to 17.5%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.21▼
2024 · 0.29
ROE
4.6%▼
2024 · 7.2%
Debt ≤ 1 year
€57,832▼
2024 · €62,036
Debt > 1 year
€54,022▼
2024 · €83,430
Income taxes
€12,409▼
2024 · €14,521
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €10,311 | - | - | - |
| Depreciation and write-downs of the year | €11,730 | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,419 | €1,419 | €1,419 | €11,730 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €512 | €609 | €728 | €640 | ▼ 12.2% |
| Gross operating margin9900 | €35,534 | €47,241 | €42,478 | €62,359 | €53,597 | €53,312 | €41,897 | ▼ 21.4% |
| Operating profit (loss)9901 | €33,608 | -€16,817 | €40,248 | €50,117 | €52,988 | €52,583 | €41,257 | ▼ 21.5% |
| Financial income75/76B | - | - | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | - | - | €0 | - | - |
| Financial charges65/66B | - | - | - | €2,026 | €1,784 | €1,864 | €4,594 | ▲ 146% |
| Recurring financial charges65 | €927 | €5,270 | €2,442 | €2,026 | €1,784 | €1,864 | €4,594 | ▲ 146% |
| Profit (loss) for the period before taxes9903 | €32,681 | -€22,087 | €37,806 | €48,091 | €51,204 | €50,720 | €36,664 | ▼ 27.7% |
| Income taxes67/77 | €14,108 | €333 | €9,859 | €17,195 | €17,041 | €14,521 | €12,409 | ▼ 14.5% |
| Profit (loss) for the period9904 | €18,573 | -€22,420 | €27,947 | €30,895 | €34,163 | €36,199 | €24,255 | ▼ 33.0% |
| Profit (loss) for the period to be appropriated9905 | €18,573 | -€22,420 | €27,947 | €30,895 | €34,163 | €36,199 | €24,255 | ▼ 33.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €436,977 | €638,658 | €635,342 | €632,701 | €645,183 | €647,583 | €638,226 | ▼ 1.4% |
| Fixed assets21/28 | €336,725 | €574,801 | €573,383 | €571,964 | €571,964 | €571,964 | €571,964 | = |
| Tangible fixed assets22/27 | €4,257 | €2,838 | €1,419 | - | - | - | - | - |
| Financial fixed assets28 | €332,468 | €571,964 | €571,964 | €571,964 | €571,964 | €571,964 | €571,964 | = |
| Current assets29/58 | €100,252 | €63,856 | €61,960 | €60,737 | €73,219 | €75,619 | €66,263 | ▼ 12.4% |
| Amounts receivable within one year40/41 | €27,127 | €15,980 | €18,854 | €36,600 | €62,500 | €65,112 | €51,350 | ▼ 21.1% |
| Trade receivables40 | - | - | - | €36,600 | €60,500 | €62,112 | €48,350 | ▼ 22.2% |
| Other amounts receivable41 | - | - | - | - | €2,000 | €3,000 | €3,000 | = |
| Cash at bank and in hand54/58 | €3,589 | €17,177 | €22,106 | €19,687 | €10,719 | €10,057 | €13,578 | ▲ 35.0% |
| Deferred charges and accrued income490/1 | - | - | - | €4,450 | - | €450 | €1,335 | ▲ 197% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €436,977 | €638,658 | €635,342 | €632,701 | €645,183 | €647,583 | €638,226 | ▼ 1.4% |
| Equity10/15 | €413,905 | €391,486 | €419,432 | €450,328 | €484,491 | €502,117 | €526,372 | ▲ 4.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €395,305 | €372,886 | €400,832 | €431,728 | €465,891 | €483,517 | €507,772 | ▲ 5.0% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €429,868 | €464,031 | €483,517 | €507,772 | ▲ 5.0% |
| Amounts payable17/49 | €23,072 | €247,172 | €215,910 | €182,373 | €160,692 | €145,466 | €111,855 | ▼ 23.1% |
| Amounts payable after more than one year17 | - | €197,695 | €169,626 | €141,228 | €112,498 | €83,430 | €54,022 | ▼ 35.2% |
| Financial debts170/4 | - | - | - | €141,228 | €112,498 | €83,430 | €54,022 | ▼ 35.2% |
| Amounts payable within one year42/48 | €22,622 | €48,128 | €46,284 | €41,145 | €48,194 | €62,036 | €57,832 | ▼ 6.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €28,398 | €28,731 | €29,067 | €29,408 | ▲ 1.2% |
| Financial debts43 | - | - | - | - | €5,024 | €5,076 | €4,000 | ▼ 21.2% |
| Credit institutions430/8 | - | - | - | - | €5,024 | €5,076 | €4,000 | ▼ 21.2% |
| Trade debts44 | €153 | €176 | €160 | €110 | €2,030 | €730 | €573 | ▼ 21.6% |
| Suppliers440/4 | - | - | - | €110 | €2,030 | €730 | €573 | ▼ 21.6% |
| Taxes, remuneration and social security45 | - | - | - | €2,466 | €4,797 | €5,986 | €5,134 | ▼ 14.2% |
| Taxes450/3 | - | - | - | €2,466 | €2,152 | €5,986 | €2,477 | ▼ 58.6% |
| Remuneration and social security454/9 | - | - | - | - | €2,645 | - | €2,658 | - |
| Other amounts payable47/48 | - | - | - | €10,171 | €7,612 | €21,176 | €18,717 | ▼ 11.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,573 | -€22,420 | €27,947 | €30,895 | €34,163 | €36,199 | €24,255 | ▼ 33.0% |
| + Depreciation and write-downs630 | €1,419 | €1,419 | €1,419 | €11,730 | - | - | - | - |
| Operating cash flow (approximation) | €19,992 | -€21,001 | €29,366 | €42,625 | €34,163 | €36,199 | €24,255 | ▼ 33.0% |
| Investment in fixed assets (approximation) | - | -€239,495 | €0 | -€10,311 | €0 | €0 | €0 | - |
| Change in cash | - | €13,587 | €4,929 | -€2,419 | -€8,968 | -€662 | €3,520 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 05-12-2025 | 2025-00577105 | |
| 30-06-2024 | abbreviated format | 02-01-2025 | 2025-00629906 | |
| 30-06-2023 | abbreviated format | 19-12-2023 | 2023-00530497 | |
| 30-06-2022 | abbreviated format | 28-11-2022 | 2022-20526031 | |
| 30-06-2021 | micro format | 14-12-2021 | 2021-80100584 | |
| 30-06-2020 | micro format | 21-12-2020 | 2020-76400357 | |
| 30-06-2019 | micro format | 21-11-2019 | 2019-74000475 | |
| 30-06-2018 | micro format | 04-12-2018 | 2018-73900136 | |
| 30-06-2017 | micro format | 19-12-2017 | 2017-72700095 | |
| 30-06-2016 | abbreviated format | 30-11-2016 | 2016-69000075 |