De Vitshaag
ActiveSummary
De Vitshaag has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52k and a net result of €-5k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 95% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▲+43
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 3.26 against 4.93 in 2024; short-term debt: 7.4% and cash: 11.5% of total assets), and 7.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
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
92.6%
Return on assets
-8.4%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-5k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
on the day
2022
18 d early
2021
3 d early
2020
32 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€52k▼ 8.3%
2024 · €57k
2018: €52k
2019: €55k
2020: €72k
2021: €75k
2022: €73k
2023: €68k
2024: €57k
2018 → 2025
Total assets
€56k▼ 6.7%
2024 · €61k
2018: €70k
2019: €68k
2020: €85k
2021: €84k
2022: €87k
2023: €78k
2024: €61k
2018 → 2025
Net result
€-5k▲ 55.2%
2024 · €-11k
2018: €9k
2019: €3k
2020: €17k
2021: €3k
2022: €-2k
2023: €-5k
2024: €-11k
2018 → 2025
Working capital
€9k▼ 30.9%
2024 · €14k
2018: €26k
2019: €27k
2020: €32k
2021: €19k
2022: €21k
2023: €21k
2024: €14k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€75k-€73k▼ 2.8%€68k▼ 6.8%€57k▼ 15.7%€52k▼ 8.3%
Operating result€4k-€-1k€-4k▼ 229%€-9k▼ 136%€-3k▲ 63.0%
Net result€3k-€-2k€-5k▼ 140%€-11k▼ 115%€-5k▲ 55.2%
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 €3k in 2025 against €9k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €56k
Fixed assets
€43k ▼ 1.3%
Current assets
€14k ▼ 20.5%
Equity and liabilities €56k
Equity
€52k ▼ 8.3%
Debt
€4k ▲ 20.4%
Debt's share of the balance-sheet total rises from 5.7% to 7.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6k▲
2024 · €-267
Cash flow
€4k▲
2024 · €-2k
Current ratio
3.26▼
2024 · 4.93
Quick ratio
2.81▼
2024 · 4.30
Debt to equity
0.08▲
2024 · 0.06
ROE
-9.1%▲
2024 · -18.6%
ROA
-8.4%▲
2024 · -17.5%
Interest coverage
4.22▲
2024 · -0.23
Debt ≤ 1 year
€4k▲
2024 · €3k
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 · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€61k€56k▼
Fixed assets21/28€43k€43k▼
Tangible fixed assets22/27€43k€43k▼
Plant, machinery and equipment23€73-
Other tangible fixed assets26€43k€43k▼
Current assets29/58€17k€14k▼
Stocks and contracts in progress3€2k€2k▼
Stocks30/36€2k€2k▼
Amounts receivable within one year40/41€9k€4k▼
Trade receivables40€9k€2k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€5k€7k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€61k€56k▼
Equity10/15€57k€52k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€37k€32k▼
Amounts payable17/49€3k€4k▲
Amounts payable within one year42/48€3k€4k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€522-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€1k€7k▲
Operating profit (loss)9901€-9k€-3k▲
Financial income75/76B€15€46▲
Recurring financial income75€15€46▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€-11k€-5k▲
Income taxes67/77€93-
Profit (loss) for the period9904€-11k€-5k▲
Profit (loss) for the period to be appropriated9905€-11k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€37k€32k▼
Profit (loss) brought forward from the previous period14P€47k€37k▼
The notes to these accounts (5 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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €17k ▲444%
Operating result €19k, net result €17k, both a record.
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-03
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
1 act for this company is 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1987
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.
Botermelkstraat(HSD) 49120 Beveren-Kruibeke-ZwijndrechtGround area
691 m²
Building footprint
174 m²
Volume, LiDAR
911 m³
Parcel 46009C0717/00D000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
De Producent
since 19872.031.916.210
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46009C0717/00D000 | Flanders | 691 m² | 1 · 174 m² | 7.7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeveren-Kruibeke-Zwijndrecht2.031.916.210
Similar companies · same sector, comparable size
BOLD CONSTRUCTION
BE 0778.822.205
Halle · Eq €52,329
SD-SCHRIJNWERKEN
BE 0768.584.547
Oostkamp · Eq €52,251
VDH TOITURES
BE 0769.938.488
Seneffe · Eq €52,380
AFWERKINGSBEDRIJF DPP
BE 0810.710.063
Tongeren-Borgloon · Eq €52,380
S.B.R. CONSTRUCT
BE 0870.453.749
Waterloo · Eq €52,225
Of 4,271 companies in sector 43230 we hold annual accounts for 1,241. 1,030 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-02-1987
Fiscal year end30-09
Activities, NACEBEL 2025
43230Insulation installation
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43310Plastering work
43990Other specialised construction activities
55204Guest rooms (bed and breakfast)
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.