DE VRIESE PROJECTS
ActiveDE VRIESE PROJECTS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €279k and a net result of €29k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 43% of 9690 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
73
/ 100
Healthy▼ -13 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability52▼-48
Solvency52▼-4
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 1.76 against 1.45 in 2023), but 76.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-09-2025, 53 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
53 d late
2023
92 d late
2022
38 d early
2021
30 d late
2020
31 d late
2019
87 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€279k▲ 11.7%
2023 · €250k
2018: €150k
2019: €186k
2020: €214k
2021: €229k
2022: €175k
2023: €250k
2018 → 2024
Total assets
€1.17M▲ 37.1%
2023 · €853k
2018: €599k
2019: €469k
2020: €1.20M
2021: €525k
2022: €825k
2023: €853k
2018 → 2024
Net result
€29k▼ 61.3%
2023 · €75k
2018: €50k
2019: €36k
2020: €28k
2021: €15k
2022: €25k
2023: €75k
2018 → 2024
Working capital
€489k▲ 93.7%
2023 · €253k
2018: €144k
2019: €192k
2020: €235k
2021: €215k
2022: €165k
2023: €253k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€214k-€229k▲ 7.0%€175k▼ 23.8%€250k▲ 43.1%€279k▲ 11.7%
Operating result€37k-€11k▼ 70.3%€35k▲ 214%€101k▲ 191%€44k▼ 56.2%
Net result€28k-€15k▼ 47.3%€25k▲ 70.2%€75k▲ 196%€29k▼ 61.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 56% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.17M
Fixed assets
€38k▼ 3.8%
Current assets
€1.13M▲ 39.1%
Equity and liabilities €1.17M
Equity
€279k▲ 11.7%
Debt
€890k▲ 47.6%
The debt ratio rises from 70.7% to 76.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€57k▼
2023 · €116k
Cash flow
€41k▼
2023 · €90k
Solvency
23.9%▼
2023 · 29.3%
Current ratio
1.76▲
2023 · 1.45
Quick ratio
1.64▲
2023 · 1.14
Debt / equity
3.19▲
2023 · 2.41
ROE
10.4%▼
2023 · 30.1%
ROA
2.5%▼
2023 · 8.8%
Interest coverage
20.20▼
2023 · 100.22
Debt
€890k▲
2023 · €603k
Debt ≤ 1 year
€641k▲
2023 · €560k
Debt > 1 year
€100k
Income taxes
€13k▼
2023 · €30k
Staff costs
€69k▼
2023 · €85k
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€853k€1.17M▲
Fixed assets21/28€40k€38k▼
Tangible fixed assets22/27€29k€27k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€26k€26k▼
Financial fixed assets28€11k€11k=
Current assets29/58€813k€1.13M▲
Stocks and contracts in progress3€174k€78k▼
Stocks30/36€174k€78k▼
Amounts receivable within one year40/41€553k€932k▲
Trade receivables40€331k€642k▲
Other amounts receivable41€222k€290k▲
Cash at bank and in hand54/58€58k€102k▲
Deferred charges and accrued income490/1€28k€19k▼
Equity and liabilities
Total equity and liabilities10/49€853k€1.17M▲
Equity10/15€250k€279k▲
Contributions10/11€19k€19k=
Reserves13€231k€260k▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€229k€260k▲
Amounts payable17/49€603k€890k▲
Amounts payable after more than one year17-€100k
Financial debts170/4-€100k
Amounts payable within one year42/48€560k€641k▲
Trade debts44€356k€555k▲
Suppliers440/4€356k€555k▲
Advances received on contracts in progress46€140k€0▼
Taxes, remuneration and social security45€12k€34k▲
Taxes450/3€9k€27k▲
Remuneration and social security454/9€3k€7k▲
Other amounts payable47/48€53k€53k▼
Accrued charges and deferred income492/3€43k€149k▲
Income statement
Code20232024
Remuneration, social security and pensions62€85k€69k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€12k▼
Other operating charges640/8€4k€12k▲
Gross operating margin9900€206k€137k▼
Operating profit (loss)9901€101k€44k▼
Financial income75/76B€5k€781▼
Recurring financial income75€5k€781▼
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€105k€42k▼
Income taxes67/77€30k€13k▼
Profit (loss) for the period9904€75k€29k▼
Profit (loss) for the period to be appropriated9905€75k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€75k€29k▼
Transfer to equity691/2€75k€29k▼
To other reserves6921€75k€29k▼
Social balance
Average headcount (FTE)90871.61.2▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 53 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 92 days late
2023
31-12
Financial
Highest result since 2018net €75k ▲196%
Operating result €101k, net result €75k, both a record.
31-12
Financial
Equity above €200kEq €250k ▲43.1%
6 profitable years in a row build equity to €250k.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €15k ▼47.3%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Equity above €200kEq €214k ▲15.3%
3 profitable years in a row build equity to €214k.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 87 days late
2019
31-12
Financial
Equity above €150kEq €186k ▲23.8%
2 profitable years in a row build equity to €186k.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Deinze · 1 establishment unit since 2016
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.
Stationsstraat 109850 DeinzeGround area
512 m²
Building footprint
201 m²
Volume, LiDAR
1,006 m³
Parcel 44030B0163/00K002, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
De Vriese Projects
since 20162.253.009.892
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44030B0163/00K002 | Flanders | 512 m² | 1 · 201 m² | 7.6 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.
Similar companies · same sector, comparable size
ALGEMENE ONDERNEMINGEN LANCKMAN
BE 0479.084.879
Lede · Eq €279k
BOUWPROMOTIE KIEKENS STIJN
BE 0894.848.160
Lierde · Eq €279k
SELECTA CONSTRUCT
BE 0653.745.653
Schaarbeek · Eq €280k
WF RENOVATION
BE 0778.869.022
Linkebeek · Eq €278k
BOUWWERKEN RAMON
BE 0417.838.980
Jabbeke · Eq €280k
Of 29,551 companies in sector 41001 we hold annual accounts for 15,877. 11,088 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-05-2016
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.