Bart Vergauwen
ActiveBart Vergauwen has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-137k) and a net result of €-11k. Equity is shrinking by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
22
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▲+1
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.37 in 2024; short-term debt: 104% and cash: 2.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-132.6%
Return on assets
-10.4%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-137k
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
29 d late
2023
22 d early
2022
7 d early
2021
30 d late
2020
30 d late
2019
54 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-137k▼ 8.5%
2024 · €-126k
2018: €29k
2019: €7k
2020: €-55k
2021: €-82k
2022: €-96k
2023: €-112k
2024: €-126k
2018 → 2025
Total assets
€103k▼ 19.8%
2024 · €129k
2018: €330k
2019: €362k
2020: €280k
2021: €238k
2022: €186k
2023: €154k
2024: €129k
2018 → 2025
Net result
€-11k▲ 22.4%
2024 · €-14k
2018: €6k
2019: €-23k
2020: €-62k
2021: €-27k
2022: €-14k
2023: €-16k
2024: €-14k
2018 → 2025
Working capital
€-81k▼ 8.3%
2024 · €-75k
2018: €11k
2019: €-15k
2020: €-81k
2021: €-59k
2022: €-62k
2023: €-66k
2024: €-75k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-82k-€-96k▼ 16.9%€-112k▼ 17.0%€-126k▼ 12.3%€-137k▼ 8.5%
Operating result€-26k-€-13k▲ 50.5%€-15k▼ 14.9%€-13k▲ 14.0%€-10k▲ 19.8%
Net result€-27k-€-14k▲ 48.8%€-16k▼ 18.0%€-14k▲ 15.5%€-11k▲ 22.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2025 against €13k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €103k
Fixed assets
€77k▼ 8.7%
Current assets
€26k▼ 40.8%
Key figures and ratios
EBITDA
€-3k▲
2024 · €-5k
Cash flow
€-3k▲
2024 · €-6k
Solvency
-132.6%▼
2024 · -98.0%
Current ratio
0.25▼
2024 · 0.37
Quick ratio
0.06▼
2024 · 0.15
Debt / equity
-1.75▲
2024 · -2.02
ROA
-10.4%▲
2024 · -10.7%
Interest coverage
-3.93▲
2024 · -4.09
Debt
€240k▼
2024 · €255k
Debt ≤ 1 year
€107k▼
2024 · €119k
Debt > 1 year
€133k▼
2024 · €135k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€129k€103k▼
Fixed assets21/28€84k€77k▼
Tangible fixed assets22/27€84k€77k▼
Land and buildings22€84k€77k▼
Current assets29/58€45k€26k▼
Stocks and contracts in progress3€27k€20k▼
Stocks30/36€27k€20k▼
Amounts receivable within one year40/41€2k€4k▲
Trade receivables40-€4k
Other amounts receivable41€2k€0▼
Cash at bank and in hand54/58€14k€2k▼
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€129k€103k▼
Equity10/15€-126k€-137k▼
Contributions10/11€13k€13k=
Reserves13€18k€18k=
Tax-exempt reserves132€10k€10k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€-156k€-167k▼
Amounts payable17/49€255k€240k▼
Amounts payable after more than one year17€135k€133k▼
Financial debts170/4€135k€133k▼
Amounts payable within one year42/48€119k€107k▼
Current portion of amounts payable after more than one year42€17k€3k▼
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€62€284▲
Taxes450/3€62€284▲
Other amounts payable47/48€100k€100k=
Income statement
Code20242025
Non-recurring operating income76A€80€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-169€7k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€-2k€7k▲
Operating profit (loss)9901€-13k€-10k▲
Financial income75/76B€0€21▲
Recurring financial income75€0€21▲
Financial charges65/66B€1k€685▼
Recurring financial charges65€1k€685▼
Profit (loss) for the period before taxes9903€-14k€-11k▲
Profit (loss) for the period9904€-14k€-11k▲
Profit (loss) for the period to be appropriated9905€-14k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-156k€-167k▼
Profit (loss) brought forward from the previous period14P€-143k€-156k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-62k
Net result drops to €-62k, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Gent · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gentbruggestraat 129040 GentGround area
301 m²
Building footprint
306 m²
Volume, LiDAR
1,730 m³
Parcel 44432C1111/00L004, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vergauwen Bart
since 20092.176.078.697
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C1111/00L004 | Flanders | 301 m² | 1 · 306 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,042 companies in sector 43221 we hold annual accounts for 3,469. 1,400 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-02-2009
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
41001General construction of residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0494/917603