Equity
€1.6m from €7.5m in 2020
Equity fell by 78% in 5 years.
DE SUTTER - GOETHALS
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1999peak €3.7m (2020)
€628,292▼ 32.0%
lowest -€677,272 (2022)
€11,117▼ 96.6%
peak €7.5m (2020)
€1.6m▲ 0.7%
€809,716▼ 3.7%
peak 11.6 FTE (2008)
8.3 FTE▼ 2.4%
Board4 names since 2017
1 director
Owners4 names in the annual accounts
Documentsfilings and deeds
01-07-202630 days before the deadline
2025abbreviated format
Gross margin from €924,523 to €628,292Result from €329,300 to €11,117Investments €75,581
Key points
from the 2025 annual accountsResult
€11,117 ▼ 96.6%
The result fell in 2025 from €329,300 to €11,117.
Investments
€75,581 10.3 × depreciation
Green is investment, beige is depreciation. Machinery stands 442.4% higher than in 2024.
Staff
8 employees on 31-12-2025
In 2025, 2 people joined and 3 left.
Liquidity
13.32 was 7.46 in 2024
Short-term debts fell from €325,942 to €175,953.
Filings
27 annual accounts since 1999
The last five annual accounts were filed 30 to 67 days before the end of the period.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 17,035 companies had the same profile as DE SUTTER - GOETHALS has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,035 companies, not a prediction for DE SUTTER - GOETHALS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, , since 31-03-2021
- 33%annual accounts 2020
- 33%annual accounts 2020
- 33%annual accounts 2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0462429286
Demerger proposal: DE SUTTER-GOETHALS BV splits off to BV WESTBEKE
Gazette deed
1 director appointed, 3 resignations
Resignations: , and · Appointment: WESTBEKE (director) · Permanent representative: · General meeting of 31-03-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DE SUTTER - GOETHALS Lievegem | €2.4m | €0.6m | 66.6% | 8.3 |
| RENIKA Zele | €3.3m | €1.0m | 56.1% | 8.5 |
| ALLSORTS Ghent | €2.3m | €0.6m | 49.6% | 5.4 |
| WILLEMS - RECUPERATIEBEDRIJF Gistel | €3.1m | €0.8m | 73.3% | 6.7 |
| IMBRECHTS GEBRS Kampenhout | €2.3m | €0.8m | 45.8% | 5.3 |
| Indaver Separation Technologies Antwerp | €2.2m | €1.3m | 92.0% | 9.1 |
| TERRANOVA Liège | €2.4m | €0.8m | 55.2% | 6.8 |
These companies have the same main activity as DE SUTTER - GOETHALS: materials recovery from waste (NACE 38210). They are comparable in size and age: total assets between €2.2m and €3.3m, founded between 1992 and 2005.
Official details
Source: KBO- Status
- Active since 14-01-1998Normal situation
- Activity
- Materials recovery from wasteNACE 38210and 1 other
- Joint committee
- 124Construction · annual accounts 2023
- Establishment unit
- 2.086.144.5549940 Evergem, since 30-03-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- ≈ €1.5mestimated
- €2.4m▼ 0.8%
- Employeeson 31-12-2025
- 8▼ 11.1%
- Filing
- Filed on 01-07-2026, 30 days before the end of the filing period
Insights on DE SUTTER - GOETHALS
DE SUTTER - GOETHALS files the abbreviated format. That format states no turnover. The gross margin fell from €1.5m in 2006 to €628,292 in 2025.
The balance sheet grew most from 2017 to 2019 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DE SUTTER - GOETHALS
- What is the company number of DE SUTTER - GOETHALS?
- The company number of DE SUTTER - GOETHALS is 0462.429.286. The VAT number is the same number with BE in front: BE 0462.429.286.
- Where is DE SUTTER - GOETHALS based?
- The registered office is at Baetsdreef 12, 9950 Lievegem.Company details
- What does DE SUTTER - GOETHALS do?
- According to the KBO register, the main activity is materials recovery from waste (NACE 38210).
- What is the legal form of DE SUTTER - GOETHALS?
- DE SUTTER - GOETHALS is a private limited company (BV).
- When was DE SUTTER - GOETHALS founded?
- DE SUTTER - GOETHALS was founded on 14-01-1998.
- Is DE SUTTER - GOETHALS still active?
- Yes, DE SUTTER - GOETHALS is an active enterprise in the KBO register.
- How many employees does DE SUTTER - GOETHALS have?
- DE SUTTER - GOETHALS had an average of 8.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does DE SUTTER - GOETHALS fall under?
- In its 2023 annual accounts, DE SUTTER - GOETHALS states joint committee 124 (Construction).
- What is the turnover of DE SUTTER - GOETHALS?
- The turnover in financial year 2025 is ≈ €1.5m. This figure is estimated from the gross margin of €628,292 and 2,274 comparable companies of the same size. It probably lies between €890,000 and €2.5m. It is a rough estimate.
- Is DE SUTTER - GOETHALS profitable?
- In financial year 2025, DE SUTTER - GOETHALS made a profit of €11,117.
- Where can I find the annual accounts of DE SUTTER - GOETHALS?
- DE SUTTER - GOETHALS filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DE SUTTER - GOETHALS due?
- DE SUTTER - GOETHALS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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