Equity
€7.2m ▲ 132%
Equity rose in 2025 from €3.1m to €7.2m.
FLANDERS SHIP REPAIR
Lifetime
19 annual accounts with figures on one time axis, 25 filings since 2001peak €2.3m (2024)
€1.3m▼ 42.6%
lowest -€37,734 (2010)
€4.1m▲ 339%
peak €7.2m (2025)
€7.2m▲ 132%
€1.4m▼ 38.9%
peak 23.6 FTE (2015)
15.1 FTE▼ 6.2%
Board4 names since 2017
2 directorsKU Dé TA and 1 other
Owners4 names in the annual accounts
60.51%KU Dé TA and 1 other
Documentsfilings and deeds
30-07-20261 day before the deadline
2025financial year
Turnover from €8.2m to €4.6mGross margin from €2.3m to €1.3mResult from €933,471 to €4.1mEquity from €3.1m to €7.2mDebts from €2.2m to €1.4mInvestments €3.8m
Key points
from the 2025 annual accountsStaff
15.1 FTE from 23.6 in 2015
Between 2015 and 2025, 36% of the full-time equivalents disappeared.
Liquidity
1.71 was 1.30 in 2024
Short-term debts fell from €2.2m to €1.4m.
Filings
25 annual accounts since 2001
Three of the last ten came late. The 2019 accounts came latest: 46 days after the end of the period.
Position in the sector
€4.1m
Higher net result than 94% of companies in head offices and management consultancy. Sector median €53,814 · 3,872 companies.
Public support
€80,464 awarded from 2022 to 2025
Flemish support, mostly Subsidies voor internationaal ondernemen.
Net result +339%: one-off income
Checked score
92
Excellent
Financially stronger than 67% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: < 0.1%● unchanged vs 02-2026lowest value
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.2%● unchanged vs 09-2026highest value
11-2026: 0.2%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Liquidity: current ratio 1.71, cash €320,207
lowers risk
Profit of €4.1m (financial year 2025)
Equity €7.2m (84.1% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 85% of them on solvency, 54% on liquidity, 77% on profitability and 51% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
Credit of up to €450,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.71 (1.3 in 2024), above the usual 1.5. Short-term debt is 15.9% and cash 3.7% of total assets. 15.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
1 day early
2023
33 days early
2022
14 days late
2021
3 days early
2020
60 days early
2019
46 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- KU Dé TA 60.51%score 94equity €4.8m (2025) · annual accounts 2025
- N.O.INVEST 39.49%equity €3.2m (2025) · annual accounts 2025
Shares in 1 company, ANTWERP MARINE TECHNICS
Board & ownershipRecent changes
Registered office moved within Bruges
New registered office: Jozef Verschaveweg 106, 8380 Brugge · Previous registered office: Noordzeestraat 14, 8380 Brugge (Zeebrugge), België · Board meeting of 30-06-2026 · Gazette deed
Resignation: Daniel Opstaele (director)
Director discharge: Daniel Opstaele · Gazette deed
Algemene Vergadering
Gazette deed
3 directors reappointed
BVBA Ku Dé Ta (managing director), BVBA N.O. INVEST and Daniel Opstaele · Permanent representatives: Johnny Hofman and Nico Opstaele · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FLANDERS SHIP REPAIR Bruges | €4.6m | 3.5% | 84.1% | 15.1 |
| Chevron Base Oils Belgium Ghent | €3.8m | 9.8% | 90.9% | 13.5 |
| HENDRICKX HOLDING Heist-op-den-Berg | - | - | 54.5% | 18.6 |
| SICAF Maldegem | - | - | 2.7% | 10.2 |
| ANDRE CELIS - HOLDING Lubbeek | - | - | 12.8% | 14.8 |
| BEHEER VAN TURNHOUT Kontich | €5.1m | 7.1% | 68.4% | 19.5 |
| Conseils et Gestion des Salaires COBELSA Nivelles | - | - | 49.8% | 13.3 |
Grey: the largest companies of the sector (head offices and management consultancy (NACE 70)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as FLANDERS SHIP REPAIR: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €6.6m and €14m, founded between 1988 and 2008.
Official details
Source: KBO- Status
- Active since 08-10-1999Normal situation
- Activity
- Activities of head officesNACE 70100and 4 others
- Joint committees
- 111Metal, mechanical and electrical engineering
- 209White-collar workers in metal manufacturing · annual accounts 2025
- Establishment unit
- 2.149.665.2038380 Bruges, since 30-09-2005
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €8.6m▲ 60.7%
- Employeeson 31-12-2025
- 15▼ 6.3%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on FLANDERS SHIP REPAIR
Solvency rose in 2025 from 58.3% to 84.1% because of the retained profit and lower debts.
KU Dé TA holds 60.51% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FLANDERS SHIP REPAIR
- What is the company number of FLANDERS SHIP REPAIR?
- The company number of FLANDERS SHIP REPAIR is 0467.016.297. The VAT number is the same number with BE in front: BE 0467.016.297.
- Where is FLANDERS SHIP REPAIR based?
- The registered office is at Jozef Verschaveweg 106, 8380 Bruges.Company details
- What does FLANDERS SHIP REPAIR do?
- According to the KBO register, the main activity is activities of head offices (NACE 70100).
- What is the legal form of FLANDERS SHIP REPAIR?
- FLANDERS SHIP REPAIR is a public limited company (NV).
- When was FLANDERS SHIP REPAIR founded?
- FLANDERS SHIP REPAIR was founded on 08-10-1999.
- Is FLANDERS SHIP REPAIR still active?
- Yes, FLANDERS SHIP REPAIR is an active enterprise in the KBO register.
- How many employees does FLANDERS SHIP REPAIR have?
- FLANDERS SHIP REPAIR had an average of 15.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does FLANDERS SHIP REPAIR fall under?
- In its 2025 annual accounts, FLANDERS SHIP REPAIR states joint committees 111 (Metal, mechanical and electrical engineering) and 209 (White-collar workers in metal manufacturing).
- What is the turnover of FLANDERS SHIP REPAIR?
- The turnover of FLANDERS SHIP REPAIR was €4.6m in financial year 2025, according to the filed annual accounts.
- Is FLANDERS SHIP REPAIR profitable?
- In financial year 2025, FLANDERS SHIP REPAIR made a profit of €4.1m.
- Where can I find the annual accounts of FLANDERS SHIP REPAIR?
- FLANDERS SHIP REPAIR filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FLANDERS SHIP REPAIR due?
- FLANDERS SHIP REPAIR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies
See how customers, suppliers and banks see your own company and what to improve first.