DE GROOT, VAN NES & C° - VLAS
ActiveDE GROOT, VAN NES & C° - VLAS has been active since 1947 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.46M and a net result of €-6k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 94% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290k at 30 days acceptable
Liquidity ample (current ratio 87.13 against 53.59 in 2024; short-term debt: 0.9% and cash: 11.8% of total assets), and 5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95%
Return on assets
-0.2%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
2 d early
2023
1 d early
2022
34 d early
2021
21 d early
2020
45 d early
2019
16 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.46M▼ 0.3%
2024 · €3.47M
2019: €3.53M
2020: €3.52M
2021: €3.50M
2022: €3.53M
2023: €3.52M
2024: €3.47M
2019 → 2025
Total assets
€3.64M▼ 2.5%
2024 · €3.74M
2019: €3.89M
2020: €3.86M
2021: €3.81M
2022: €3.83M
2023: €4.17M
2024: €3.74M
2019 → 2025
Net result
€-6k▼ 370%
2024 · €-1k
2019: €273k
2020: €-4k
2021: €-12k
2022: €25k
2023: €2k
2024: €-1k
2019 → 2025
Working capital
€2.83M▼ 0.9%
2024 · €2.85M
2019: €2.58M
2020: €2.79M
2021: €2.81M
2022: €2.84M
2023: €2.87M
2024: €2.85M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.50M-€3.53M▲ 0.6%€3.52M▼ 0.1%€3.47M▼ 1.5%€3.46M▼ 0.3%
Operating result€-59k-€-63k▼ 7.8%€-42k▲ 32.8%€-38k▲ 9.4%€-44k▼ 14.1%
Net result€-12k-€25k€2k▼ 92.8%€-1k€-6k▼ 370%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €44k in 2025 against €38k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.64M
Fixed assets
€782k▼ 5.8%
Current assets
€2.86M▼ 1.6%
Equity and liabilities €3.64M
Equity
€3.46M▼ 0.3%
Provisions
€138k▼ 31.5%
Debt
€43k▼ 33.2%
The debt ratio falls from 1.7% to 1.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4k▼
2024 · €10k
Cash flow
€42k▼
2024 · €47k
Solvency
95.0%▲
2024 · 92.9%
Current ratio
87.13▲
2024 · 53.59
Quick ratio
87.13▲
2024 · 53.59
Debt / equity
0.01▼
2024 · 0.02
ROE
-0.2%▼
2024 · 0.0%
ROA
-0.2%▼
2024 · 0.0%
Interest coverage
6.94▼
2024 · 15.12
Debt
€43k▼
2024 · €65k
Debt ≤ 1 year
€33k▼
2024 · €54k
Income taxes
€9k▼
2024 · €13k
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€3.74M€3.64M▼
Fixed assets21/28€830k€782k▼
Tangible fixed assets22/27€830k€782k▼
Land and buildings22€818k€774k▼
Furniture and vehicles24€12k€8k▼
Current assets29/58€2.91M€2.86M▼
Amounts receivable after more than one year29€1.75M€1.88M▲
Other amounts receivable291€1.75M€1.88M▲
Amounts receivable within one year40/41€7k€59k▲
Trade receivables40€2k€4k▲
Other amounts receivable41€5k€54k▲
Current investments50/53€467k€474k▲
Cash at bank and in hand54/58€657k€431k▼
Deferred charges and accrued income490/1€25k€22k▼
Equity and liabilities
Total equity and liabilities10/49€3.74M€3.64M▼
Equity10/15€3.47M€3.46M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€3.33M€3.33M▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€418k€440k▲
Distributable reserves133€2.91M€2.88M▼
Investment grants15€74k€71k▼
Provisions and deferred taxes16€202k€138k▼
Deferred taxes168€202k€138k▼
Amounts payable17/49€65k€43k▼
Amounts payable within one year42/48€54k€33k▼
Trade debts44€16k€16k▼
Suppliers440/4€16k€16k▼
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€38k€16k▼
Accrued charges and deferred income492/3€10k€10k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€48k=
Other operating charges640/8€21k€22k▲
Gross operating margin9900€31k€26k▼
Operating profit (loss)9901€-38k€-44k▼
Financial income75/76B€37k€34k▼
Recurring financial income75€37k€34k▼
Financial charges65/66B€650€636▼
Recurring financial charges65€650€636▼
Profit (loss) for the period before taxes9903€-2k€-10k▼
Transfer from deferred taxes780€14k€14k=
Income taxes67/77€13k€9k▼
Profit (loss) for the period9904€-1k€-6k▼
Transfer from tax-exempt reserves789€27k€27k=
Profit (loss) for the period to be appropriated9905€26k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€21k▼
Transfer from equity791/2€48k€50k▲
Transfer to equity691/2€26k€21k▼
To other reserves6921€26k€21k▼
Profit to be distributed694/7€48k€50k▲
Return on contributions (dividend)694€48k€50k▲
The notes to these accounts (4 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
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Liquidity times 7current ratio 53.59
Current ratio from 7.85 to 53.59; short-term debt falls from €419k to €54k.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
10-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
09-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Kortrijk · 2 establishment units since 1947
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.
Leuzestraat(Bel) 1018510 KortrijkGround area
1.3 ha
Building footprint
7,676 m²
Volume, LiDAR
67,448 m³
2 parcels, Flanders, Wallonia · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
DE GROOT VAN NES & CO-VLAS
since 19472.003.345.849
DE GROOT, VAN NES & C°
since 20072.161.025.980
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57008D0179/00Y000 | Wallonia | 1.0 ha | 1 · 7,360 m² | 13.0 m · 3 fl. |
| 34005B0210/00A000 | Flanders | 2,659 m² | 1 · 316 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 · 7,500 EUR awarded · 7,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 7,500 EUR | 7,500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 3,076 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-12-1947
Fiscal year end30-06
Abbreviation NL
G.N.C. - VLAS
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 48 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.