IDE - VAN GHELUWE
ActiveSummary
IDE - VAN GHELUWE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €804k and a net result of €97k. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 78% of 2008 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+3
Solvency97▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.06 in 2024; short-term debt: 15.1% and cash: 1.6% of total assets), and 28% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
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
72%
Return on assets
8.7%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-10-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
6 d early
2023
4 d early
2022
27 d early
2021
37 d early
2020
30 d early
2019
38 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€804k▼ 0.4%
2024 · €807k
2019: €533k
2020: €592k
2021: €664k
2022: €717k
2023: €789k
2024: €807k
2019 → 2025
Total assets
€1.12M▲ 1.1%
2024 · €1.11M
2019: €1.11M
2020: €1.13M
2021: €1.14M
2022: €1.12M
2023: €1.11M
2024: €1.11M
2019 → 2025
Net result
€97k▲ 40.8%
2024 · €69k
2019: €45k
2020: €59k
2021: €72k
2022: €53k
2023: €71k
2024: €69k
2019 → 2025
Working capital
€-151k▼ 48.8%
2024 · €-101k
2019: €-125k
2020: €-120k
2021: €-103k
2022: €-84k
2023: €-71k
2024: €-101k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€664k-€717k▲ 8.0%€789k▲ 10.0%€807k▲ 2.4%€804k▼ 0.4%
Operating result€74k-€45k▼ 40.0%€72k▲ 61.9%€66k▼ 8.1%€104k▲ 56.6%
Net result€72k-€53k▼ 26.8%€71k▲ 35.0%€69k▼ 3.8%€97k▲ 40.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 57% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.12M
Fixed assets
€1.10M =
Current assets
€18k ▲ 174%
Equity and liabilities €1.12M
Equity
€804k ▼ 0.4%
Debt
€313k ▲ 5.0%
Debt's share of the balance-sheet total rises from 27.0% to 28.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€110k▲
2024 · €73k
Cash flow
€103k▲
2024 · €75k
Current ratio
0.11▲
2024 · 0.06
Debt to equity
0.39▲
2024 · 0.37
ROE
12.0%▲
2024 · 8.5%
ROA
8.7%▲
2024 · 6.2%
Interest coverage
3942.53▲
2024 · 18.56
Debt ≤ 1 year
€169k▲
2024 · €108k
Income taxes
€31k▲
2024 · €20k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.11M€1.12M▲
Fixed assets21/28€1.10M€1.10M=
Tangible fixed assets22/27€0€305▲
Furniture and vehicles24-€305
Leasing and similar rights25€0-
Financial fixed assets28€1.10M€1.10M=
Current assets29/58€7k€18k▲
Amounts receivable within one year40/41€2k€310▼
Other amounts receivable41€2k€310▼
Current investments50/53€15-
Cash at bank and in hand54/58€4k€17k▲
Deferred charges and accrued income490/1€380€185▼
Equity and liabilities
Total equity and liabilities10/49€1.11M€1.12M▲
Equity10/15€807k€804k▼
Contributions10/11€19k€19k=
Reserves13€787k€784k▼
Non-distributable reserves130/1€15k€15k=
Reserves not available under the articles1311€15k€15k=
Distributable reserves133€772k€769k▼
Profit (loss) carried forward14€2k€2k=
Amounts payable17/49€298k€313k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€108k€169k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€1k€1k▼
Suppliers440/4€1k€1k▼
Taxes, remuneration and social security45€11k€11k▲
Taxes450/3€9k€11k▲
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€96k€157k▲
Accrued charges and deferred income492/3€190k€144k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€6k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€75k€111k▲
Operating profit (loss)9901€66k€104k▲
Financial income75/76B€26k€24k▼
Recurring financial income75€26k€24k▼
Financial charges65/66B€4k€28▼
Recurring financial charges65€4k€28▼
Profit (loss) for the period before taxes9903€88k€128k▲
Income taxes67/77€20k€31k▲
Profit (loss) for the period9904€69k€97k▲
Profit (loss) for the period to be appropriated9905€69k€97k▲
Appropriation of the result
Profit (loss) to be appropriated9906€71k€99k▲
Profit (loss) brought forward from the previous period14P€2k€2k=
Transfer from equity791/2€50k€100k▲
Transfer to equity691/2€69k€97k▲
To other reserves6921€69k€97k▲
Profit to be distributed694/7€50k€100k▲
Return on contributions (dividend)694€50k€100k▲
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (15 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
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €97k ▲40.8%
Operating result €104k, net result €97k, both a record.
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
24-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
19-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Moorslede · 1 establishment unit since 2010
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.
Mgr. Catrystraat 208890 MoorsledeGround area
1,009 m²
Building footprint
159 m²
Volume, LiDAR
562 m³
Parcel 36012B0623/00D000, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
IDE - VAN GHELUWE
since 20102.187.959.318
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36012B0623/00D000 | Flanders | 1,009 m² | 1 · 159 m² | 7.9 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.
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DOME CONSTRUCTION
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FRANK ULBURGHS INDUSTRIAL PROJECTS ENGINEERING
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Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 3,762 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
Founded12-04-2010
Fiscal year end31-03
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
28291Manufacture of machinery and equipment not elsewhere classified
28299Manufacture of machinery and equipment not elsewhere classified
28300Manufacture of machinery and equipment not elsewhere classified
33120Repair and maintenance of machinery
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.