DE VRIENDT

Active

Private limited companyfounded 20205 yrs activeFort II straat 64, 2160 Wommelgem, BelgiumKBO/BCE: BE 0757.853.278

The computed 12-month bankruptcy probability of DE VRIENDT is 2.8% (moderate). The 2024 annual accounts show equity of €25k and a net result of €-43. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 24% of 9982 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

52 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability62▲+37

Solvency41▲+1

Growth52=

Track record94

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity ample (current ratio 2.09 against 1.52 in 2023; short-term debt: 11.4% and cash: 4% of total assets), but 83.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

16.4%

Return on assets

Age of the figures

21 mo

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

21222324

2021 to 2024 · latest year €-43

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 9982 sector peers (2024).

NBB · sector comparison

Position among 9982 sector peers

Solvency

better than 24%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

31 d early

2023

7 d late

2022

26 d early

2021

1 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€25k▼ 0.2%

2023 · €25k

2021: €15k 2022: €34k 2023: €25k

2021 → 2024

Total assets

€153k▼ 11.1%

2023 · €172k

2021: €170k 2022: €185k 2023: €172k

2021 → 2024

Net result

€-43▲ 99.5%

2023 · €-8k

2021: €10k 2022: €18k 2023: €-8k

2021 → 2024

Working capital

€19k▲ 20.0%

2023 · €16k

2021: €-105 2022: €22k 2023: €16k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€15k-€34k▲ 120%€25k▼ 25.1%€25k▼ 0.2%

Operating result€14k-€30k▲ 106%€-6k€2k

Net result€10k-€18k▲ 79.2%€-8k€-43▲ 99.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €2k after a loss of €6k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €153k

76.1%

23.9%

Fixed assets €116k▼ 7.3%

Current assets €36k▼ 21.3%

Equity and liabilities €153k

16.4%

83.6%

Equity €25k▼ 0.2%

Debt €128k▼ 13.0%

The debt ratio falls from 85.4% to 83.6%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€12k▲

2023 · €4k

Cash flow

€10k▲

2023 · €1k

Solvency

16.4%▲

2023 · 14.6%

Current ratio

2.09▲

2023 · 1.52

Quick ratio

1.73▲

2023 · 1.40

Debt / equity

5.09▼

2023 · 5.84

ROE

-0.2%▲

2023 · -33.6%

ROA

0.0%▲

2023 · -4.9%

Interest coverage

5.22▲

2023 · 1.52

Debt

€128k▼

2023 · €147k

Debt ≤ 1 year

€17k▼

2023 · €30k

Debt > 1 year

€110k▼

2023 · €116k

Income taxes

€200▲

2023 · €195

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€172k€153k▼

Fixed assets21/28€126k€116k▼

Tangible fixed assets22/27€126k€116k▼

Land and buildings22€120k€113k▼

Plant, machinery and equipment23€1k€1k▲

Furniture and vehicles24€5k€2k▼

Current assets29/58€46k€36k▼

Stocks and contracts in progress3€4k€6k▲

Stocks30/36€4k€6k▲

Amounts receivable within one year40/41€21k€21k▲

Trade receivables40€20k€20k▲

Other amounts receivable41€2k€1k▼

Cash at bank and in hand54/58€21k€6k▼

Deferred charges and accrued income490/1€840€3k▲

Equity and liabilities

Total equity and liabilities10/49€172k€153k▼

Equity10/15€25k€25k▼

Contributions10/11€5k€5k=

Reserves13€20k€20k▼

Distributable reserves133€20k€20k▼

Amounts payable17/49€147k€128k▼

Amounts payable after more than one year17€116k€110k▼

Financial debts170/4€116k€110k▼

Amounts payable within one year42/48€30k€17k▼

Current portion of amounts payable after more than one year42€6k€6k▲

Trade debts44€14k€2k▼

Suppliers440/4€14k€2k▼

Taxes, remuneration and social security45€195€6k▲

Taxes450/3€195€6k▲

Other amounts payable47/48€10k€3k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▲

Other operating charges640/8€3k€3k▼

Gross operating margin9900€7k€15k▲

Operating profit (loss)9901€-6k€2k▲

Financial income75/76B€168€124▼

Recurring financial income75€168€124▼

Financial charges65/66B€3k€2k▼

Recurring financial charges65€3k€2k▼

Profit (loss) for the period before taxes9903€-8k€157▲

Income taxes67/77€195€200▲

Profit (loss) for the period9904€-8k€-43▲

Profit (loss) for the period to be appropriated9905€-8k€-43▲

Appropriation of the result

Profit (loss) to be appropriated9906€-8k€-43▲

Transfer from equity791/2€8k€43▼

Transfer to equity691/2€0-

To other reserves6921€0-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

07-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 7 days late

2023

31-12

Financial Weakest financial yearnet €-8k ▼146%

Net result drops to €-8k, the lowest in the series; recovery starts the following year.

05-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Highest result since 2021net €18k ▲79.2%

Operating result €30k, net result €18k, both a record.

01-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 1 day late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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, Wommelgem · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Fort II straat 642160 Wommelgem

Ground area

513 m²

Building footprint

118 m²

Volume, LiDAR

549 m³

Parcel 11052A0189/00G002, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

DE VRIENDT

Fort II straat 64, 2160 WommelgemManufacture of other non-metallic mineral products

since 20202.309.537.039

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11052A0189/00G002	Flanders	513 m²	1 · 118 m²	6.8 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.

Similar companies · same sector, comparable size

SOLID ALGEMENE AANNEMINGEN

Of 29,810 companies in sector 41001 we hold annual accounts for 16,041. 12,079 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded05-11-2020

Fiscal year end31-12

Activities, NACEBEL

41001General construction of residential buildings

42110Construction of roads and motorways

43120Site preparation

43211General electrical installation work

43221Plumbing work

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.