DES VOILES D'OR
ActiveDES VOILES D'OR has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-10k) and a net result of €-11k. Equity is growing by ~23.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
22
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency0▼-27
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 1.02 in 2024; short-term debt: 131.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 →
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
-31.8%
Return on assets
-33.9%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-10k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
8 d early
2023
1 d early
2022
3 d early
2021
2 d early
2020
1 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-10k
2024 · €658
2018: €-27k
2019: €-23k
2020: €-18k
2021: €-18k
2022: €-13k
2023: €-9k
2024: €658
2018 → 2025
Total assets
€31k▲ 17.1%
2024 · €27k
2018: €1k
2019: €5k
2020: €10k
2021: €19k
2022: €20k
2023: €24k
2024: €27k
2018 → 2025
Net result
€-11k
2024 · €9k
2018: €-3k
2019: €4k
2020: €6k
2021: €5
2022: €5k
2023: €4k
2024: €9k
2018 → 2025
Working capital
€-10k
2024 · €564
2018: €-28k
2019: €-24k
2020: €-18k
2021: €-18k
2022: €-13k
2023: €-9k
2024: €564
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-18k-€-13k▲ 26.4%€-9k▲ 33.5%€658€-10k
Operating result€363-€5k▲ 1,261%€5k▼ 4.9%€10k▲ 107%€-9k
Net result€5-€5k▲ 85,801%€4k▼ 6.9%€9k▲ 114%€-11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9k after €10k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31k
Fixed assets
€418▲ 346%
Current assets
€31k▲ 15.9%
Key figures and ratios
EBITDA
€-9k▼
2024 · €10k
Cash flow
€-10k▼
2024 · €9k
Solvency
-31.8%▼
2024 · 2.5%
Current ratio
0.75▼
2024 · 1.02
Quick ratio
0.73▼
2024 · 1.00
Debt / equity
-4.15
ROA
-33.9%▼
2024 · 34.8%
Interest coverage
-6.00▼
2024 · 18.07
Debt
€41k▲
2024 · €26k
Debt ≤ 1 year
€41k▲
2024 · €26k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€27k€31k▲
Formation expenses20€0€0=
Fixed assets21/28€94€418▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€94€418▲
Land and buildings22€0€0=
Plant, machinery and equipment23€94€10▼
Furniture and vehicles24€0€408▲
Current assets29/58€26k€31k▲
Stocks and contracts in progress3€675€883▲
Stocks30/36€675€883▲
Amounts receivable within one year40/41€25k€24k▼
Trade receivables40€3k€279▼
Other amounts receivable41€22k€24k▲
Cash at bank and in hand54/58€1k-
Deferred charges and accrued income490/1-€6k
Equity and liabilities
Total equity and liabilities10/49€27k€31k▲
Equity10/15€658€-10k▼
Contributions10/11€12k€12k=
Profit (loss) carried forward14€-12k€-22k▼
Amounts payable17/49€26k€41k▲
Amounts payable within one year42/48€26k€41k▲
Financial debts43-€19k
Credit institutions430/8-€19k
Trade debts44€1k€1k▼
Suppliers440/4€1k€1k▼
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€6k€5k▼
Other amounts payable47/48€19k€16k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84€126▲
Other operating charges640/8€629€705▲
Gross operating margin9900€10k€-8k▼
Operating profit (loss)9901€10k€-9k▼
Financial income75/76B€75€219▲
Recurring financial income75€75€219▲
Financial charges65/66B€541€2k▲
Recurring financial charges65€541€2k▲
Profit (loss) for the period before taxes9903€9k€-11k▼
Profit (loss) for the period9904€9k€-11k▼
Profit (loss) for the period to be appropriated9905€9k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-22k▼
Profit (loss) brought forward from the previous period14P€-21k€-12k▲
The notes to these accounts (8 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-11k ▼214%
Net result drops to €-11k, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €9k ▲114%
Operating result €10k, net result €9k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
15-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 15 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 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, Tongeren-Borgloon · 1 establishment unit since 2007
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.
Truierweg 7A3840 Tongeren-BorgloonGround area
2,873 m²
Building footprint
279 m²
Volume, LiDAR
1,924 m³
2 parcels, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Schevenels ramen en interieur / Des Voiles D'or Luxury yacht sales / Pascal Schevenels exclusive interieurbouw en parket
since 20072.159.953.141
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73031B0675/00K000 | Flanders | 1,549 m² | 1 · 174 m² | 10.9 m · 3 fl. |
| 73031B0762/00F000 | Flanders | 1,323 m² | 1 · 104 m² | 7.9 m · 2 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.
Similar companies · same sector, comparable size
KRIMATECH
BE 0453.346.227
Aalter · Eq €664
C.S. CLAES
BE 0420.034.942
Herk-de-Stad · Eq €668
Alliance Technique
BE 0674.532.060
Braine-l'Alleud · Eq €671
Plankenier Paesen
BE 0786.537.861
Lommel · Eq €641
TOM SNELS
BE 0556.947.373
Rijkevorsel · Eq €631
Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 552 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-02-2007
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.