VANWILL
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-120k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2024
18 d late
2023
20 d early
2022
34 d early
2021
3 d early
2020
89 d late
2019
145 d late
2018
44 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€270k▼ 30.7%
2023 · €390k
2018: €402k
2019: €402k▼ -0.1% vs 2018
2020: €423k▲ +5.3% vs 2019
2021: €441k▲ +4.3% vs 2020
2022: €456k▲ +3.4% vs 2021highest in 7 years
2023: €390k▼ -14.6% vs 2022
2024: €270k▼ -30.7% vs 2023lowest in 7 years
2018 → 2024
Total assets
€3.54M▲ 683%
2023 · €452k
2018: €420klowest in 7 years
2019: €452k▲ +7.6% vs 2018
2020: €469k▲ +3.8% vs 2019
2021: €451k▼ -3.8% vs 2020
2022: €485k▲ +7.5% vs 2021
2023: €452k▼ -6.7% vs 2022
2024: €3.54M▲ +683% vs 2023highest in 7 years
2018 → 2024
Net result
€-120k▼ 79.8%
2023 · €-67k
2018: €35khighest in 7 years
2019: €-461▼ -101% vs 2018
2020: €21k▲ +4760% vs 2019
2021: €18k▼ -14.9% vs 2020
2022: €25k▲ +36.7% vs 2021
2023: €-67k▼ -367% vs 2022
2024: €-120k▼ -79.8% vs 2023lowest in 7 years
2018 → 2024
Working capital
€1.43M
2023 · €-6k
2018: €224k
2019: €186k▼ -16.8% vs 2018
2020: €160k▼ -14.1% vs 2019
2021: €208k▲ +30.2% vs 2020
2022: €250k▲ +20.1% vs 2021
2023: €-6k▼ -103% vs 2022lowest in 7 years
2024: €1.43M▲ +22207% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€423k-€441k▲ 4.3%€456k▲ 3.4%€390k▼ 14.6%€270k▼ 30.7%
2020: €423k
2021: €441k▲ +4.3% vs 2020
2022: €456k▲ +3.4% vs 2021highest in 5 years
2023: €390k▼ -14.6% vs 2022
2024: €270k▼ -30.7% vs 2023lowest in 5 years
Operating result€27k-€24k▼ 10.0%€33k▲ 37.4%€-66k€-56k▲ 15.5%
2020: €27k
2021: €24k▼ -10.0% vs 2020
2022: €33k▲ +37.4% vs 2021highest in 5 years
2023: €-66k▼ -298% vs 2022lowest in 5 years
2024: €-56k▲ +15.5% vs 2023
Net result€21k-€18k▼ 14.9%€25k▲ 36.7%€-67k€-120k▼ 79.8%
2020: €21k
2021: €18k▼ -14.9% vs 2020
2022: €25k▲ +36.7% vs 2021highest in 5 years
2023: €-67k▼ -367% vs 2022
2024: €-120k▼ -79.8% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €56k in 2024 against €66k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.54M
Fixed assets
€1.73M ▲ 333%
Current assets
€1.81M ▲ 3,399%
Equity and liabilities €3.54M
Equity
€270k ▼ 30.7%
Debt
€3.27M ▲ 5,121%
Debt's share of the balance-sheet total rises from 13.9% to 92.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€11k▲
2023 · €-23k
Cash flow
€-53k▼
2023 · €-23k
Current ratio
4.79▲
2023 · 0.89
Debt to equity
12.13▲
2023 · 0.16
ROE
-44.3%▼
2023 · -17.1%
ROA
-3.4%▲
2023 · -14.7%
Interest coverage
0.17▲
2023 · -68.78
Debt ≤ 1 year
€378k▲
2023 · €58k
Debt > 1 year
€2.86M▲
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€452k€3.54M▲
Fixed assets21/28€401k€1.73M▲
Tangible fixed assets22/27€401k€1.73M▲
Land and buildings22€336k€1.73M▲
Plant, machinery and equipment23€64k€4k▼
Current assets29/58€52k€1.81M▲
Amounts receivable within one year40/41€0€1.80M▲
Trade receivables40€0-
Other amounts receivable41€0€1.80M▲
Cash at bank and in hand54/58€26k€2k▼
Deferred charges and accrued income490/1€26k€5k▼
Equity and liabilities
Total equity and liabilities10/49€452k€3.54M▲
Equity10/15€390k€270k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€328k€208k▼
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Tax-exempt reserves132€1k€1k=
Distributable reserves133€324k€204k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€63k€3.27M▲
Amounts payable after more than one year17€4k€2.86M▲
Financial debts170/4-€2.85M
Other amounts payable178/9€4k€4k=
Amounts payable within one year42/48€58k€378k▲
Current portion of amounts payable after more than one year42-€68k
Financial debts43-€303k
Credit institutions430/8-€303k
Trade debts44€47k€8k▼
Suppliers440/4€47k€8k▼
Taxes, remuneration and social security45€9k€0▼
Taxes450/3€9k€0▼
Other amounts payable47/48€2k€0▼
Accrued charges and deferred income492/3€99€36k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€67k▲
Other operating charges640/8€37k€36k▼
Gross operating margin9900€14k€47k▲
Operating profit (loss)9901€-66k€-56k▲
Financial income75/76B€51€14▼
Recurring financial income75€51€14▼
Financial charges65/66B€335€64k▲
Recurring financial charges65€335€64k▲
Profit (loss) for the period before taxes9903€-67k€-120k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-67k€-120k▼
Profit (loss) for the period to be appropriated9905€-67k€-120k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-67k€-120k▼
Transfer from equity791/2€67k€120k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26k | €30k | €28k | €43k | €67k | ▲ 55.0% |
| Other operating charges640/8 | - | €27k | €28k | €37k | €36k | ▼ 3.3% |
| Gross operating margin9900 | €80k | €82k | €89k | €14k | €47k | ▲ 230% |
| Operating profit (loss)9901 | €27k | €24k | €33k | €-66k | €-56k | ▲ 15.5% |
| Financial income75/76B | - | €578 | €19 | €51 | €14 | ▼ 72.8% |
| Recurring financial income75 | €826 | €578 | €19 | €51 | €14 | ▼ 72.8% |
| Financial charges65/66B | - | €45 | €45 | €335 | €64k | ▲ 18,928% |
| Recurring financial charges65 | €183 | €45 | €45 | €335 | €64k | ▲ 18,928% |
| Profit (loss) for the period before taxes9903 | €28k | €25k | €33k | €-67k | €-120k | ▼ 79.8% |
| Income taxes67/77 | €6k | €7k | €8k | €0 | - | - |
| Profit (loss) for the period9904 | €21k | €18k | €25k | €-67k | €-120k | ▼ 79.8% |
| Profit (loss) for the period to be appropriated9905 | €21k | €18k | €25k | €-67k | €-120k | ▼ 79.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €469k | €451k | €485k | €452k | €3.54M | ▲ 683% |
| Fixed assets21/28 | €269k | €239k | €211k | €401k | €1.73M | ▲ 333% |
| Tangible fixed assets22/27 | €269k | €239k | €211k | €401k | €1.73M | ▲ 333% |
| Land and buildings22 | - | €211k | €191k | €336k | €1.73M | ▲ 414% |
| Plant, machinery and equipment23 | - | €28k | €20k | €64k | €4k | ▼ 94.3% |
| Current assets29/58 | €199k | €212k | €274k | €52k | €1.81M | ▲ 3,399% |
| Amounts receivable within one year40/41 | €88k | €36k | €36k | €0 | €1.80M | - |
| Trade receivables40 | - | - | €3k | €0 | - | - |
| Other amounts receivable41 | - | €36k | €34k | €0 | €1.80M | - |
| Cash at bank and in hand54/58 | €82k | €145k | €188k | €26k | €2k | ▼ 93.9% |
| Deferred charges and accrued income490/1 | - | €31k | €49k | €26k | €5k | ▼ 80.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €469k | €451k | €485k | €452k | €3.54M | ▲ 683% |
| Equity10/15 | €423k | €441k | €456k | €390k | €270k | ▼ 30.7% |
| Contributions10/11 | €31k | €31k | €31k | €62k | €62k | = |
| Capital10 | - | €31k | €31k | €62k | €62k | = |
| Issued capital100 | - | €31k | €31k | €62k | €62k | = |
| Reserves13 | €392k | €410k | €425k | €328k | €208k | ▼ 36.5% |
| Non-distributable reserves130/1 | - | €3k | €3k | €3k | €3k | = |
| Legal reserve130 | - | €3k | €3k | €3k | €3k | = |
| Tax-exempt reserves132 | - | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | - | €406k | €421k | €324k | €204k | ▼ 37.0% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €46k | €10k | €29k | €63k | €3.27M | ▲ 5,121% |
| Amounts payable after more than one year17 | €5k | €5k | €4k | €4k | €2.86M | ▲ 64,979% |
| Financial debts170/4 | - | - | - | - | €2.85M | - |
| Other amounts payable178/9 | - | €5k | €4k | €4k | €4k | = |
| Amounts payable within one year42/48 | €40k | €4k | €23k | €58k | €378k | ▲ 550% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €68k | - |
| Financial debts43 | - | - | - | - | €303k | - |
| Credit institutions430/8 | - | - | - | - | €303k | - |
| Trade debts44 | €3k | €4k | €5k | €47k | €8k | ▼ 84.0% |
| Suppliers440/4 | - | €4k | €5k | €47k | €8k | ▼ 84.0% |
| Taxes, remuneration and social security45 | - | - | €9k | €9k | €0 | ▼ 100% |
| Taxes450/3 | - | - | €9k | €9k | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €10k | €2k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €1k | €825 | €99 | €36k | ▲ 35,995% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €18k | €25k | €-67k | €-120k | ▼ 79.8% |
| + Depreciation and write-downs630 | €26k | €30k | €28k | €43k | €67k | ▲ 55.0% |
| Operating cash flow (approximation) | €48k | €48k | €53k | €-23k | €-53k | ▼ 126% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-233k | €-1.40M | ▼ 502% |
| Change in cash | - | €63k | €42k | €-162k | €-25k | ▲ 84.8% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
03-04
State Gazette act
General meeting · Merger
Dissolution · Share cancellation
07-02
State Gazette act
Merger · Accounting effect
Real estate · Shareholding
2024
31-12
Financial
Weakest financial yearnet €-120k
Net result drops to €-120k, the lowest in the series.
31-12
Financial
Liquidity times 5current ratio 4.79
Current ratio from 0.89 to 4.79.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 12current ratio 58.41
Current ratio from 5.05 to 58.41; short-term debt falls from €40k to €4k.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 145 days late
Show earlier events
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
23-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 84 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:QUEEN'S LANE PROPERTIES