DE WAELE - VANHEE
ActiveSummary
DE WAELE - VANHEE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €458k and a net result of €55k. Equity is growing by ~30.1% per year across the filed fiscal years. Its solvency ranks better than 74% of 18280 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-9
Solvency87▲+8
Growth52=
Track record94
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.54 against 2.09 in 2024; short-term debt: 37.1% and cash: 13% of total assets), and 37.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
62.3%
Return on assets
7.5%
Age of the figures
12 mo
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 08-04-2026, 22 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
22 d early
2024
7 d early
2023
5 d early
2022
23 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
€458k▲ 13.7%
2024 · €403k
2022: €165k
2023: €291k
2024: €403k
2022 → 2025
Total assets
€736k▼ 1.7%
2024 · €748k
2022: €676k
2023: €748k
2024: €748k
2022 → 2025
Net result
€55k▼ 50.5%
2024 · €111k
2022: €155k
2023: €126k
2024: €111k
2022 → 2025
Working capital
€420k▲ 23.1%
2024 · €341k
2022: €61k
2023: €209k
2024: €341k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€165k-€291k▲ 76.3%€403k▲ 38.3%€458k▲ 13.7%
Operating result€219k-€173k▼ 20.8%€154k▼ 11.2%€71k▼ 53.9%
Net result€155k-€126k▼ 18.8%€111k▼ 11.6%€55k▼ 50.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 54% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €736k
Fixed assets
€42k ▼ 54.4%
Current assets
€693k ▲ 5.7%
Equity and liabilities €736k
Equity
€458k ▲ 13.7%
Debt
€278k ▼ 19.7%
Debt's share of the balance-sheet total falls from 46.2% to 37.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€127k▼
2024 · €210k
Cash flow
€111k▼
2024 · €168k
Current ratio
2.54▲
2024 · 2.09
Quick ratio
2.37▲
2024 · 1.94
Debt to equity
0.61▼
2024 · 0.86
ROE
12.1%▼
2024 · 27.7%
ROA
7.5%▼
2024 · 14.9%
Interest coverage
36.34▼
2024 · 51.71
Debt ≤ 1 year
€273k▼
2024 · €314k
Debt > 1 year
€5k▼
2024 · €31k
Income taxes
€19k▼
2024 · €39k
Staff costs
€203k▲
2024 · €190k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€748k€736k▼
Fixed assets21/28€93k€42k▼
Intangible fixed assets21€1€1=
Tangible fixed assets22/27€93k€42k▼
Land and buildings22€6k€10k▲
Plant, machinery and equipment23€82k€31k▼
Furniture and vehicles24€4k€2k▼
Current assets29/58€656k€693k▲
Stocks and contracts in progress3€45k€45k=
Stocks30/36€45k€45k=
Amounts receivable within one year40/41€96k€103k▲
Trade receivables40€92k€84k▼
Other amounts receivable41€4k€19k▲
Current investments50/53€250k€450k▲
Cash at bank and in hand54/58€265k€96k▼
Equity and liabilities
Total equity and liabilities10/49€748k€736k▼
Equity10/15€403k€458k▲
Contributions10/11€10k€10k=
Reserves13€393k€448k▲
Distributable reserves133€393k€448k▲
Amounts payable17/49€346k€278k▼
Amounts payable after more than one year17€31k€5k▼
Financial debts170/4€31k€5k▼
Amounts payable within one year42/48€314k€273k▼
Current portion of amounts payable after more than one year42€30k€27k▼
Trade debts44€43k€13k▼
Suppliers440/4€43k€13k▼
Taxes, remuneration and social security45€33k€25k▼
Taxes450/3€9k€449▼
Remuneration and social security454/9€24k€24k▲
Other amounts payable47/48€208k€208k▲
Income statement
Code20242025
Remuneration, social security and pensions62€190k€203k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€56k▲
Other operating charges640/8€694€632▼
Gross operating margin9900€401k€331k▼
Operating profit (loss)9901€154k€71k▼
Financial income75/76B€146€6k▲
Recurring financial income75€146€6k▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€150k€74k▼
Income taxes67/77€39k€19k▼
Profit (loss) for the period9904€111k€55k▼
Profit (loss) for the period to be appropriated9905€111k€55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€111k€55k▼
Transfer to equity691/2€111k€55k▼
To other reserves6921€111k€55k▼
The notes to these accounts (7 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
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €55k ▼50.5%
Net result drops to €55k, the lowest in the series.
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €200kEq €291k ▲76.3%
2 profitable years in a row build equity to €291k.
07-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Harelbeke · 1 establishment unit since 2021
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.
Stedestraat 58530 HarelbekeGround area
1,142 m²
Building footprint
551 m²
Volume, LiDAR
2,595 m³
2 parcels, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Slagerij De Waele
since 20212.317.516.773
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34323D0037/00X005 | Flanders | 773 m² | 1 · 210 m² | 6.8 m · 2 fl. |
| 34323D0037/00E005 | Flanders | 369 m² | 1 · 341 m² | 11.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 176 EUR awarded · 176 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 176 EUR | 176 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteHarelbeke2.317.516.773
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,564. 1,113 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
Founded21-05-2021
Fiscal year end30-09
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
47222Retail trade
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.