DE VLAMING
ActiveSummary
DE VLAMING has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €189,517. Equity is growing by ~52.2% per year across the filed fiscal years. Its solvency ranks better than 56% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-8
Solvency71▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 2.25 against 2.17 in 2024; short-term debt: 44.4% and cash: 6.8% of total assets), but 53.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
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
46.1%
Return on assets
4.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 17-07-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 d early
2024
14 d early
2023
12 d early
2022
17 d early
2021
18 d early
2020
31 d late
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today. Usually files around 16 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-12-2026 close30-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€189,517▼ 56.1%
2024 · €431,591
Working capital
€2.1m▼ 26.6%
2024 · €2.9m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1.1m▲ 188%€900,352▼ 15.7%€477,159▼ 47.0%€548,376▲ 14.9%€240,641▼ 56.1%
Net result€761,283above the sector's middle half▲ 990%€649,776above the sector's middle half▼ 14.6%€250,882above the sector's middle half▼ 61.4%€431,591above the sector's middle half▲ 72.0%€189,517above the sector's middle half▼ 56.1%
Equity€251,663within the sector's middle half€901,440within the sector's middle half▲ 258%€1.2mwithin the sector's middle half▲ 27.8%€1.6mabove the sector's middle half▲ 37.5%€1.8mwithin the sector's middle half▲ 12.0%
Total assets€12.8mabove the sector's middle half▲ 21.9%€10.1mabove the sector's middle half▼ 20.7%€6.5mabove the sector's middle half▼ 36.1%€5.4mabove the sector's middle half▼ 16.6%€3.8mwithin the sector's middle half▼ 28.7%
Debt€12.5m▲ 13.9%€9.2m▼ 26.3%€5.2m▼ 43.9%€3.7m▼ 28.2%€2.0m▼ 46.5%
Working capital€1.6mabove the sector's middle half€2.2mabove the sector's middle half▲ 40.7%€2.0mabove the sector's middle half▼ 10.1%€2.9mabove the sector's middle half▲ 45.1%€2.1mabove the sector's middle half▼ 26.6%
Solvency2.0%below the sector's middle half▲ 6.8pp8.9%below the sector's middle half▲ 6.9pp17.8%within the sector's middle half▲ 8.9pp29.4%within the sector's middle half▲ 11.6pp46.1%within the sector's middle half▲ 16.7pp
Current ratio1.14within the sector's middle half▲ 0.171.28within the sector's middle half▲ 0.141.45within the sector's middle half▲ 0.172.17within the sector's middle half▲ 0.722.25within the sector's middle half▲ 0.08
Return on assets (ROA)6.0%within the sector's middle half▲ 5.3pp6.4%above the sector's middle half▲ 0.5pp3.9%within the sector's middle half▼ 2.5pp8.0%above the sector's middle half▲ 4.1pp4.9%above the sector's middle half▼ 3.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result -56% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
- 2021 Net result +990% on 2020. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 56% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €3.8m
Equity
€1.8m ▲ 12.0%
Provisions
€83,326 ▼ 12.3%
Debt
€2.0m ▼ 46.5%
Debt's share of the balance-sheet total falls from 68.9% to 51.7%. Equity is higher and debt is lower.
Key figures and ratios
Quick ratio
0.65▼
2024 · 0.92
Debt to equity
1.12▼
2024 · 2.34
ROE
10.7%▼
2024 · 27.2%
Debt ≤ 1 year
€1.7m▼
2024 · €2.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,732 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€25,091 | - | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €142,000 | -€46,974 | -€11,699 | ▲ 75.1% |
| Other operating charges640/8 | €1,757 | €1,182 | €16,589 | €3,492 | €11,048 | ▲ 216% |
| Gross operating margin9900 | €1.0m | €901,533 | €635,748 | €504,894 | €239,990 | ▼ 52.5% |
| Operating profit (loss)9901 | €1.1m | €900,352 | €477,159 | €548,376 | €240,641 | ▼ 56.1% |
| Financial income75/76B | €70 | €7,039 | €1,997 | €4,371 | €10,278 | ▲ 135% |
| Recurring financial income75 | €70 | €7,039 | €1,997 | €4,371 | €10,278 | ▲ 135% |
| Financial charges65/66B | €306,933 | €257,614 | €228,273 | €121,155 | €61,401 | ▼ 49.3% |
| Recurring financial charges65 | €306,933 | €257,614 | €228,273 | €121,155 | €61,401 | ▼ 49.3% |
| Profit (loss) for the period before taxes9903 | €761,283 | €649,776 | €250,882 | €431,592 | €189,517 | ▼ 56.1% |
| Income taxes67/77 | - | - | - | €0 | - | - |
| Profit (loss) for the period9904 | €761,283 | €649,776 | €250,882 | €431,591 | €189,517 | ▼ 56.1% |
| Profit (loss) for the period to be appropriated9905 | €761,283 | €649,776 | €250,882 | €431,591 | €189,517 | ▼ 56.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.8m | €10.1m | €6.5m | €5.4m | €3.8m | ▼ 28.7% |
| Current assets29/58 | €12.8m | €10.1m | €6.5m | €5.4m | €3.8m | ▼ 28.7% |
| Stocks and contracts in progress3 | €8.7m | €6.7m | €3.4m | €3.1m | €2.7m | ▼ 12.2% |
| Stocks30/36 | €7.3m | €5.6m | €2.7m | €1.7m | €727,051 | ▼ 57.6% |
| Contracts in progress37 | €1.3m | €1.2m | €685,477 | €1.4m | €2.0m | ▲ 43.5% |
| Amounts receivable within one year40/41 | €3.1m | €2.2m | €1.7m | €1.4m | €834,287 | ▼ 40.2% |
| Trade receivables40 | €2.7m | €1.8m | €1.5m | €1.1m | €523,535 | ▼ 52.2% |
| Other amounts receivable41 | €414,378 | €421,887 | €256,419 | €299,434 | €310,753 | ▲ 3.8% |
| Cash at bank and in hand54/58 | €599,276 | €1.1m | €1.2m | €810,180 | €260,055 | ▼ 67.9% |
| Deferred charges and accrued income490/1 | €351,454 | €70,153 | €92,055 | €79,899 | €23,528 | ▼ 70.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.8m | €10.1m | €6.5m | €5.4m | €3.8m | ▼ 28.7% |
| Equity10/15 | €251,663 | €901,440 | €1.2m | €1.6m | €1.8m | ▲ 12.0% |
| Contributions10/11 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Capital10 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Issued capital100 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Profit (loss) carried forward14 | -€1.6m | -€953,052 | -€702,170 | -€270,578 | -€81,061 | ▲ 70.0% |
| Provisions and deferred taxes16 | - | - | €142,000 | €95,026 | €83,326 | ▼ 12.3% |
| Provisions for liabilities and charges160/5 | - | - | €142,000 | €95,026 | €83,326 | ▼ 12.3% |
| Other liabilities and charges164/5 | - | - | €142,000 | €95,026 | €83,326 | ▼ 12.3% |
| Amounts payable17/49 | €12.5m | €9.2m | €5.2m | €3.7m | €2.0m | ▼ 46.5% |
| Amounts payable after more than one year17 | €1.0m | €894,605 | €13,687 | - | - | - |
| Financial debts170/4 | €1.0m | €894,605 | €13,687 | - | - | - |
| Amounts payable within one year42/48 | €11.2m | €7.9m | €4.5m | €2.5m | €1.7m | ▼ 31.2% |
| Financial debts43 | €870,008 | €120,008 | €120,008 | - | - | - |
| Other loans439 | €870,008 | €120,008 | €120,008 | - | - | - |
| Trade debts44 | €2.1m | €1.8m | €1.0m | €750,599 | €1.0m | ▲ 35.1% |
| Suppliers440/4 | €2.1m | €1.8m | €1.0m | €750,599 | €1.0m | ▲ 35.1% |
| Advances received on contracts in progress46 | €1.2m | - | - | - | - | - |
| Taxes, remuneration and social security45 | €116,503 | €302,431 | €242,716 | €159,674 | - | - |
| Taxes450/3 | €116,503 | €302,431 | €242,716 | €159,674 | - | - |
| Other amounts payable47/48 | €6.8m | €5.7m | €3.1m | €1.6m | €693,828 | ▼ 55.8% |
| Accrued charges and deferred income492/3 | €310,050 | €437,051 | €698,552 | €1.2m | €280,456 | ▼ 77.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €761,283 | €649,776 | €250,882 | €431,591 | €189,517 | ▼ 56.1% |
| Operating cash flow (approximation) | €761,283 | €649,776 | €250,882 | €431,591 | €189,517 | ▼ 56.1% |
| Change in cash | - | €504,127 | €129,925 | -€423,149 | -€550,125 | ▼ 30.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
29-05
State Gazette act
Reappointments: PROJECTS IN MOTION (director) and FOLLOW-UP (director)Permanent representatives: BECAUS Steven, EGGERMONT Peter and 2 others · Resignations: PIETERS Marie Jeanne Léonie, BECAUS Ignace Marie Joseph and 2 others · Appointments: PROJECTS IN MOTION (non-statutory director) and FOLLOW-UP (non-statutory director)24 facts ▸
State Gazette act
Reappointments: PROJECTS IN MOTION (director) and FOLLOW-UP (director)
Permanent representatives: BECAUS Steven, EGGERMONT Peter and 2 others · Resignations: PIETERS Marie Jeanne Léonie, BECAUS Ignace Marie Joseph and 2 others · Appointments: PROJECTS IN MOTION (non-statutory director) and FOLLOW-UP (non-statutory director)24 facts ▸
- General meeting, buitengewone algemene vergadering
- Other statement, algemene vergadering van 2024, bekrachtiging daden van vertegenwoordiging en bestuur
- Director reappointment, PROJECTS IN MOTION (director)
- Director reappointment, FOLLOW-UP (director)
- Permanent representative, BECAUS Steven
- Permanent representative, EGGERMONT Peter
- Statutes amendment
- Statutes amendment
- Capital, €1.854.491,46
- Director resignation, PIETERS Marie Jeanne Léonie (director)
- Director resignation, BECAUS Ignace Marie Joseph (director)
- Director resignation, BEKAERT Marcus Alberic (director)
- +12 further facts in this act
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-12
Financial
Equity above €1mEq €1.2m ▲27.8%
4 profitable years in a row build equity to €1.2m.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-12
Financial
Equity above €500,000Eq €901,440 ▲258%
3 profitable years in a row build equity to €901,440.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-12
Financial
Highest result since 2018net €761,283 ▲990%
Operating result €1.1m, net result €761,283, both a record.
30-12
Financial
Equity above €200,000Eq €251,663
2 profitable years in a row build equity to €251,663.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-12
Financial
Back to profitnet €69,845
Net result €69,845 after one loss-making year.
Show earlier events
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-12
Financial
Weakest financial yearnet -€225,319
Net result drops to -€225,319, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
FOLLOW-UP
CurrentDirector · since 29-05-2026 · Legal entity
PROJECTS IN MOTION
CurrentDirector · since 29-05-2026 · Legal entity
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Torhout · 1 establishment unit since 1999
Ground area
1,382 m²
Building footprint
249 m²
Volume, LiDAR
1,892 m³
Parcel 31033I0489/00F000, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
Oostendestraat 278, 8820 Torhout
since 19992.040.897.222
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31033I0489/00F000 | Flanders | 1,382 m² | 1 · 249 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
5 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| FOLLOW-UP |
|
| PROJECTS IN MOTION |
|
| BECAUS Ignace Marie Joseph |
|
| BEKAERT Marcus Alberic |
|
| PIETERS Marie Jeanne Léonie |
|
Articles of association
Financial year
From 1 January to 31 December
Annual meeting
Second Friday of June at 11:00
Duration
Unlimited
Purpose
Alle verrichtingen van aankoop, verkoop, exploitatie, valorisatie, verkaveling, urbanisatie, ruiling en verdeling van alle vaste goederen en gronden; Alle wegenis- en…
Full purpose (3 activities)
- Alle verrichtingen van aankoop, verkoop, exploitatie, valorisatie, verkaveling, urbanisatie, ruiling en verdeling van alle vaste goederen en gronden
- Alle wegenis- en rioleringswerken, bouw- en verbouwingswerken
- Het beheer van alle onroerende goederen in de ruimste zin, evenals alle verrichtingen die rechtstreeks of onrechtstreeks met de verwezenlijking van het maatschappelijk voorwerp verband houden
Name clause
DE VLAMING
Legal form clause
Artikel 1, naamloze vennootschap
Registered office clause
Vlaams Gewest, Artikel 2
Dissolution rule
Artikel 4. Duur
Other statement
Beraadslaging volgens regels wijziging statuten, verhoging en vermindering van het kapitaal
Op naam, aard van de andere effecten
Voorzitterschap raad van bestuur, raad kiest uit midden
Bijeenroeping raad van bestuur, plaats in oproepingsbrief,bij gebrek zetel
Besluitvorming raad van bestuur, tenminste helft leden aanwezig of vertegenwoordigd
Buitengewone algemene vergadering, aanvraag
Plaats,oproeping en toegang algemene vergadering, zetel of andere plaats in oproeping
Bestemming winst, bij aanspreking tot opnieuw één tiende
Share class
Op naam, Artikel 9
Board rule
Artikel 13, minimum aantal leden dat door de wet is voorgeschreven
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
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Identification & contact
Identification
Legal formPublic limited company
Founded04-11-1988
Fiscal year end30-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435646301
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.