MD HAVERBEKE
ActiveMD HAVERBEKE has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.08M and a net result of €61k. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 76% of 8002 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-1
Solvency96▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 3.73 against 3.29 in 2024; short-term debt: 19.2% and cash: 7.8% of total assets), and 29% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
71%
Return on assets
4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
31 d early
2023
5 d early
2022
84 d early
2021
3 d late
2020
15 d late
2019
31 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.08M▲ 5.5%
2024 · €1.03M
2018: €493k
2019: €539k
2020: €542k
2021: €686k
2022: €948k
2023: €954k
2024: €1.03M
2018 → 2025
Total assets
€1.53M▼ 2.1%
2024 · €1.56M
2018: €1.05M
2019: €1.04M
2020: €1.07M
2021: €1.46M
2022: €2.14M
2023: €1.44M
2024: €1.56M
2018 → 2025
Net result
€61k▼ 17.2%
2024 · €74k
2018: €96k
2019: €46k
2020: €3k
2021: €145k
2022: €262k
2023: €68k
2024: €74k
2018 → 2025
Working capital
€801k▲ 18.8%
2024 · €675k
2018: €511k
2019: €677k
2020: €563k
2021: €488k
2022: €512k
2023: €683k
2024: €675k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€686k-€948k▲ 38.1%€954k▲ 0.6%€1.03M▲ 7.7%€1.08M▲ 5.5%
Operating result€214k-€365k▲ 70.8%€94k▼ 74.2%€114k▲ 21.4%€96k▼ 15.5%
Net result€145k-€262k▲ 80.0%€68k▼ 73.9%€74k▲ 8.1%€61k▼ 17.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.53M
Fixed assets
€432k▼ 27.0%
Current assets
€1.09M▲ 13.0%
Equity and liabilities €1.53M
Equity
€1.08M▲ 5.5%
Debt
€443k▼ 16.8%
The debt ratio falls from 34.1% to 29.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€342k▲
2024 · €324k
Cash flow
€306k▲
2024 · €283k
Solvency
71.0%▲
2024 · 65.9%
Current ratio
3.73▲
2024 · 3.29
Quick ratio
2.30▼
2024 · 2.35
Debt / equity
0.41▼
2024 · 0.52
ROE
5.6%▼
2024 · 7.2%
ROA
4.0%▼
2024 · 4.7%
Interest coverage
21.68▼
2024 · 22.97
Debt
€443k▼
2024 · €533k
Debt ≤ 1 year
€293k▼
2024 · €294k
Debt > 1 year
€150k▼
2024 · €239k
Income taxes
€22k▼
2024 · €27k
Staff costs
€311k▲
2024 · €229k
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€1.56M€1.53M▼
Fixed assets21/28€592k€432k▼
Intangible fixed assets21€576€9k▲
Tangible fixed assets22/27€588k€421k▼
Land and buildings22-€23k
Plant, machinery and equipment23€56k€70k▲
Furniture and vehicles24€533k€327k▼
Financial fixed assets28€3k€3k=
Current assets29/58€969k€1.09M▲
Amounts receivable after more than one year29€24k€59k▲
Trade receivables290€24k€59k▲
Stocks and contracts in progress3€277k€421k▲
Stocks30/36€277k€421k▲
Amounts receivable within one year40/41€454k€490k▲
Trade receivables40€451k€488k▲
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€203k€119k▼
Deferred charges and accrued income490/1€10k€6k▼
Equity and liabilities
Total equity and liabilities10/49€1.56M€1.53M▼
Equity10/15€1.03M€1.08M▲
Contributions10/11€20k€20k=
Reserves13€1.01M€1.06M▲
Tax-exempt reserves132€75k€75k=
Distributable reserves133€933k€989k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€533k€443k▼
Amounts payable after more than one year17€239k€150k▼
Financial debts170/4€239k€150k▼
Amounts payable within one year42/48€294k€293k▼
Current portion of amounts payable after more than one year42€123k€89k▼
Financial debts43€5k€5k▼
Credit institutions430/8€5k€5k▼
Trade debts44€111k€141k▲
Suppliers440/4€111k€141k▲
Advances received on contracts in progress46€8k€4k▼
Taxes, remuneration and social security45€37k€48k▲
Taxes450/3€8k€11k▲
Remuneration and social security454/9€29k€36k▲
Other amounts payable47/48€10k€7k▼
Income statement
Code20242025
Non-recurring operating income76A€24k€29k▲
Remuneration, social security and pensions62€229k€311k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€209k€245k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k€0▼
Other operating charges640/8€5k€5k▲
Non-recurring operating charges66A-€13k
Gross operating margin9900€568k€671k▲
Operating profit (loss)9901€114k€96k▼
Financial income75/76B€488€2k▲
Recurring financial income75€488€2k▲
Financial charges65/66B€14k€16k▲
Recurring financial charges65€14k€16k▲
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€101k€83k▼
Transfer from deferred taxes780€0-
Income taxes67/77€27k€22k▼
Profit (loss) for the period9904€74k€61k▼
Profit (loss) for the period to be appropriated9905€74k€61k▼
Appropriation of the result
Profit (loss) to be appropriated9906€74k€61k▼
Transfer to equity691/2€74k€56k▼
To other reserves6921€74k€56k▼
Profit to be distributed694/7-€5k
Directors or managers695-€5k
Social balance
Average headcount (FTE)90874.15.9▲
The notes to these accounts (25 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1MEq €1.03M ▲7.7%
7 profitable years in a row build equity to €1.03M.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 4.47
Current ratio from 1.54 to 4.47; short-term debt falls from €950k to €197k.
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €262k ▲80%
Operating result €365k, net result €262k, both a record.
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
15-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 15 days late
2020
31-12
Financial
Weakest financial yearnet €3k ▼93.9%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €539k ▲9.3%
2 profitable years in a row build equity to €539k.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
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, Assenede · 1 establishment unit since 1999
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.
Koning Albertstraat 509968 AssenedeGround area
2,500 m²
Building footprint
170 m²
Volume, LiDAR
1,056 m³
Parcel 43012C0002/00Y000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MD HAVERBEKE
since 19992.092.091.941
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43012C0002/00Y000 | Flanders | 2,500 m² | 1 · 170 m² | 9.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 13,184 EUR awarded · 13,184 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 392 EUR | 392 EUR |
| 2024 | 1 | 37 EUR | 136 EUR |
| 2023 | 2 | 12,501 EUR | 12,402 EUR |
| 2022 | 1 | 254 EUR | 254 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 276 companies in sector 46712 we hold annual accounts for 195. 141 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-06-1999
Fiscal year end31-12
Activities, NACEBEL
46712Wholesale trade
49410Freight transport by road
52310Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.