Equity
€24.4m ▲ 4.9%
Lidwina vzw has made a profit without a break since 2015.
Lidwina vzw
Lifetime
18 annual accounts with figures on one time axis, 20 filings since 2006peak €10.9m (2025)
€10.9m▲ 12.9%
lowest -€554,923 (2014)
€999,268▲ 37.6%
peak €24.4m (2025)
€24.4m▲ 4.9%
€7.7m▲ 96.7%
peak 515.1 FTE (2025)
515.1 FTE▲ 1.6%
Board31 names since 2003all names
10 directorsJohan Baert and 9 others
Documentsfilings and deeds
21-05-202671 days before the deadline
2025abbreviated format
Turnover from €9.7m to €10.9mResult from €726,326 to €999,268Permanent representatives: Anton Nuttens and Koen Potters 20-08Debts from €3.9m to €7.7mInvestments €10.6mCash from €2.5m to €3.5m
Key points
from the 2025 annual accountsDebts
€7.7m ▲ 96.7%
Debts rose by €3.8m in 2025.
Investments
€10.6m 10.5 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 185.7% higher than in 2024.
Payment terms
322 days to suppliers
Lidwina vzw pays its suppliers 182 days later than in 2024. Customers pay 5 days earlier.
Filings
20 annual accounts since 2006
Two of the last ten came late. The 2017 accounts came latest: 38 days after the end of the period.
Public support
€40.5m awarded from 2022 to 2025
Flemish support, mostly Erkenning en subsidiëring als maatwerkafdeling.
Checked score
97
Excellent
Financially stronger than 75% of large companies in social work without accommodation (NACE 88)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 91 companies (NACE 88, large).
Fewer than 1 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 03-2025lowest value
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%● unchanged 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 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026highest value
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Legal form: non-profit association
Size: turnover €10.9m, 515.1 FTE, total assets €33.0m
Founded in 1964
Equity €24.4m (73.8% 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 88, large). It does better than 78% of them on solvency, 65% on liquidity, 78% on profitability and 79% 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).
Comparable companies, two years later
In July 2024, 513 companies had the same profile as Lidwina vzw has now. Each dot stands for 2 companies, two years later.
96.1%
were still trading
3.1%
stopped another way
0.8%
went bankrupt
That fits the bankruptcy probability of Lidwina vzw itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 513 companies, not a prediction for Lidwina vzw. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,050,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.78 (5.47 in 2024), above the usual 1.5. Short-term debt is 16.7% and cash 10.5% of total assets. 26.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers 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 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 days early
2024
38 days early
2023
58 days early
2022
56 days early
2021
62 days early
2020
60 days early
2019
37 days early
← 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 55 days before the deadline. In the sector (NACE 88), the median for financial year 2024 was 24 days before the deadline, and 25% 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 4 June (5 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
Recent changes
Appointment: Van Havermaet Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Amerik Jansen · General meeting of 19-05-2026 · Gazette deed
New establishment in Mol
Lidwina vzw Non-food, Nijverheidsstraat 17
Reappointments: Teresa Wijgaerts (director) and Nele De Wever (director)
General meeting of 09-12-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Lidwina vzw Mol | €10.9m | 8.5% | 73.8% | 515.1 |
| MIVAS Lier | €11.6m | -1.4% | 87.9% | 634.6 |
| NEKTARI Puurs-Sint-Amands | €11.8m | 1.8% | 68.9% | 602.8 |
| ODAS Bruges | €11.3m | -0.6% | 42.0% | 518.1 |
| MAATWERKBEDRIJF INTERWEST Veurne | €10.8m | 2.7% | 43.9% | 425.8 |
| GANDAE - WELZIJN & WERK OP MAAT Ghent | €12.4m | 5.3% | 84.9% | 403.6 |
| A-kwadraat Turnhout | €13.4m | 2.5% | 72.9% | 614.7 |
Grey: the largest companies of the sector (social work without accommodation (NACE 88)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Lidwina vzw: social work activities without accommodation (NACE 88993). They are comparable in size and age: total assets between €25m and €42m, founded between 1964 and 1969.
Official details
Source: KBO- Status
- Active since 01-09-1964Normal situation
- Activity
- Social work activities without accommodationNACE 88993
- Joint committee
- 327Sheltered and social workshops · annual accounts 2025
- Establishment units
- 2.310.577.5132400 Mol, since 04-09-1995
- 2.153.550.6462400 Mol, since 17-05-2006and 3 others
- Financial year end
- 31 December
- Peppol
- Reachable since 23-01-2025
Annual accounts 2025
- €24.5m▲ 9.3%
- €33.0m▲ 17.0%
- Employeeson 31-12-2025
- 579▲ 1.2%
- Filing
- Filed on 21-05-2026, 71 days before the end of the filing period
Insights on Lidwina vzw
Lidwina vzw has existed since 1964. Turnover grew from €6.1m in 2008 to €10.9m in 2025.
Turnover has grown every year since 2020. Solvency fell in 2025 from 82.4% to 73.8% because of higher debts to suppliers.
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 Lidwina vzw
- What is the company number of Lidwina vzw?
- The company number of Lidwina vzw is 0407.601.720. The VAT number is the same number with BE in front: BE 0407.601.720.
- Where is Lidwina vzw based?
- The registered office is at Postelarenweg 213, 2400 Mol.Company details
- What does Lidwina vzw do?
- According to the KBO register, the main activity is social work activities without accommodation (NACE 88993).
- What is the legal form of Lidwina vzw?
- Lidwina vzw is a non-profit association (VZW).
- When was Lidwina vzw founded?
- Lidwina vzw was founded on 01-09-1964.
- Is Lidwina vzw still active?
- Yes, Lidwina vzw is an active enterprise in the KBO register.
- How many employees does Lidwina vzw have?
- Lidwina vzw had an average of 515.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Lidwina vzw fall under?
- In its 2025 annual accounts, Lidwina vzw states joint committee 327 (Sheltered and social workshops).
- What is the turnover of Lidwina vzw?
- The turnover of Lidwina vzw was €10.9m in financial year 2025, according to the filed annual accounts.
- Is Lidwina vzw profitable?
- In financial year 2025, Lidwina vzw made a profit of €999,268.
- Where can I find the annual accounts of Lidwina vzw?
- Lidwina vzw filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Lidwina vzw due?
- Lidwina vzw must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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