CORTVRIENDT - VANACKER
ActiveCORTVRIENDT - VANACKER has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €235k and a net result of €62k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 77% of 7446 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
83
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability91▲+16
Solvency92▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 3.23 against 2.25 in 2023; short-term debt: 24.5% and cash: 21.7% of total assets), and 32.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 →
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
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 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
42 d early
2022
47 d early
2021
45 d early
2020
22 d early
2019
23 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€235k▲ 36.2%
2023 · €172k
2018: €158k
2019: €188k
2020: €185k
2021: €199k
2022: €156k
2023: €172k
2018 → 2024
Total assets
€349k▲ 11.7%
2023 · €313k
2018: €209k
2019: €253k
2020: €299k
2021: €304k
2022: €280k
2023: €313k
2018 → 2024
Net result
€62k▲ 295%
2023 · €16k
2018: €1k
2019: €30k
2020: €-4k
2021: €14k
2022: €18k
2023: €16k
2018 → 2024
Working capital
€190k▲ 65.3%
2023 · €115k
2018: €120k
2019: €155k
2020: €143k
2021: €168k
2022: €115k
2023: €115k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€185k-€199k▲ 7.8%€156k▼ 21.5%€172k▲ 10.1%€235k▲ 36.2%
Operating result€996-€20k▲ 1,901%€29k▲ 46.6%€19k▼ 33.9%€91k▲ 372%
Net result€-4k-€14k€18k▲ 26.5%€16k▼ 13.3%€62k▲ 295%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 372% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €349k
Fixed assets
€73k▼ 30.2%
Current assets
€276k▲ 32.9%
Equity and liabilities €349k
Equity
€235k▲ 36.2%
Debt
€115k▼ 18.3%
The debt ratio falls from 44.9% to 32.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€123k▲
2023 · €44k
Cash flow
€94k▲
2023 · €41k
Solvency
67.2%▲
2023 · 55.1%
Current ratio
3.23▲
2023 · 2.25
Quick ratio
2.92▲
2023 · 2.02
Debt / equity
0.49▼
2023 · 0.81
ROE
26.6%▲
2023 · 9.2%
ROA
17.8%▲
2023 · 5.0%
Interest coverage
25.53▼
2023 · 34.05
Debt
€115k▼
2023 · €140k
Debt ≤ 1 year
€85k▼
2023 · €92k
Debt > 1 year
€26k▼
2023 · €46k
Income taxes
€25k▲
2023 · €3k
Staff costs
€64k▲
2023 · €63k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€313k€349k▲
Fixed assets21/28€105k€73k▼
Tangible fixed assets22/27€105k€73k▼
Land and buildings22€8k€7k▼
Plant, machinery and equipment23€14k€10k▼
Furniture and vehicles24€3k€2k▼
Leasing and similar rights25€75k€52k▼
Other tangible fixed assets26€4k€3k▼
Financial fixed assets28€270€270=
Current assets29/58€208k€276k▲
Stocks and contracts in progress3€21k€27k▲
Stocks30/36€20k€24k▲
Contracts in progress37€848€2k▲
Amounts receivable within one year40/41€58k€132k▲
Trade receivables40€44k€122k▲
Other amounts receivable41€13k€10k▼
Current investments50/53€29k€35k▲
Cash at bank and in hand54/58€93k€76k▼
Deferred charges and accrued income490/1€7k€7k▲
Equity and liabilities
Total equity and liabilities10/49€313k€349k▲
Equity10/15€172k€235k▲
Contributions10/11€19k€19k=
Reserves13€154k€216k▲
Distributable reserves133€154k€216k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€140k€115k▼
Amounts payable after more than one year17€46k€26k▼
Financial debts170/4€46k€26k▼
Amounts payable within one year42/48€92k€85k▼
Current portion of amounts payable after more than one year42€20k€20k▼
Trade debts44€25k€12k▼
Suppliers440/4€25k€12k▼
Taxes, remuneration and social security45€9k€25k▲
Taxes450/3€8k€23k▲
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€38k€29k▼
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20232024
Remuneration, social security and pensions62€63k€64k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€32k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€110k€189k▲
Operating profit (loss)9901€19k€91k▲
Financial income75/76B€686€1k▲
Recurring financial income75€686€1k▲
Financial charges65/66B€1k€5k▲
Recurring financial charges65€1k€5k▲
Profit (loss) for the period before taxes9903€19k€87k▲
Income taxes67/77€3k€25k▲
Profit (loss) for the period9904€16k€62k▲
Profit (loss) for the period to be appropriated9905€16k€62k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€62k▲
Transfer from equity791/2€0-
Transfer to equity691/2€16k€62k▲
To other reserves6921€16k€62k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €62k ▲295%
Operating result €91k, net result €62k, both a record.
31-12
Financial
Equity above €200kEq €235k ▲36.2%
4 profitable years in a row build equity to €235k.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-4k ▼112%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Lichtervelde · 1 establishment unit since 2003
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.
Fonteinestraat 78810 LichterveldeGround area
749 m²
Building footprint
258 m²
Volume, LiDAR
1,001 m³
Parcel 36011C0544/00L000, Flanders · tallest building 8.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CORTVRIENDT - VANACKER
since 20032.126.536.740
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36011C0544/00L000 | Flanders | 749 m² | 1 · 258 m² | 8.9 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 129 EUR awarded · 129 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 129 EUR | 129 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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CBB MONTAGE
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 7,231 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-02-2003
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.