METAALCONSTRUCTIE VANDERSCHEUREN
ActiveMETAALCONSTRUCTIE VANDERSCHEUREN has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-2.27M) and a net result of €-3.93M. Equity is shrinking by ~31% per year across the filed fiscal years. Its solvency ranks better than 5% of 670 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
30
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency3▼-23
Growth30▲+4
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.57 against 0.67 in 2024; short-term debt: 80.1% and cash: 4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
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
-21.6%
Return on assets
-37.4%
Age of the figures
9 mo
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 €-2.27M
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
30 d early
2023
33 d early
2022
12 d early
2021
31 d early
2020
30 d early
2019
14 d late
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€12.96M▲ 19.1%
2024 · €10.88M
2018: €15.86M
2019: €12.60M
2020: €11.47M
2021: €18.13M
2022: €20.25M
2023: €15.02M
2024: €10.88M
2018 → 2025
EBIT margin
-27.3%▲ 4.0pp
2024 · -31.4%
2018: 4.2%
2019: -4.2%
2020: -7.1%
2021: 5.8%
2022: -4.8%
2023: -15.9%
2024: -31.4%
2018 → 2025
Net result
€-3.93M▼ 5.6%
2024 · €-3.72M
2018: €299k
2019: €-653k
2020: €-938k
2021: €756k
2022: €-1.25M
2023: €-2.71M
2024: €-3.72M
2018 → 2025
Working capital
€-3.63M▼ 68.6%
2024 · €-2.15M
2018: €3.20M
2019: €2.20M
2020: €456k
2021: €-2.93M
2022: €-6.35M
2023: €-2.43M
2024: €-2.15M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€18.13M-€20.25M▲ 11.7%€15.02M▼ 25.8%€10.88M▼ 27.6%€12.96M▲ 19.1%
Equity€4.68M-€3.43M▼ 26.7%€719k▼ 79.1%€137k▼ 80.9%€-2.27M
Operating result€1.05M-€-980k€-2.39M▼ 144%€-3.41M▼ 42.7%€-3.54M▼ 3.8%
Net result€756k-€-1.25M€-2.71M▼ 117%€-3.72M▼ 37.1%€-3.93M▼ 5.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3.54M in 2025 against €3.41M in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.49M
Fixed assets
€5.72M▼ 12.9%
Current assets
€4.77M▲ 8.9%
Key figures and ratios
EBITDA
€-1.83M▼
2024 · €-1.81M
Cash flow
€-2.21M▼
2024 · €-2.12M
Solvency
-21.6%▼
2024 · 1.3%
Current ratio
0.57▼
2024 · 0.67
Quick ratio
0.27▼
2024 · 0.39
Debt / equity
-5.63▼
2024 · 78.72
ROA
-37.4%▼
2024 · -34.0%
Interest coverage
-5.67▲
2024 · -6.41
Debt
€12.75M▲
2024 · €10.81M
Debt ≤ 1 year
€8.40M▲
2024 · €6.53M
Debt > 1 year
€4.19M▼
2024 · €4.23M
Income taxes
€2k▼
2024 · €2k
Staff costs
€5.63M▲
2024 · €5.53M
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€10.95M€10.49M▼
Fixed assets21/28€6.57M€5.72M▼
Intangible fixed assets21€14k€59k▲
Tangible fixed assets22/27€6.56M€5.66M▼
Land and buildings22€3.35M€3.07M▼
Plant, machinery and equipment23€1.24M€781k▼
Furniture and vehicles24€340k€62k▼
Leasing and similar rights25€1.63M€939k▼
Assets under construction and advance payments27-€805k
Financial fixed assets28€3k€6k▲
Other financial fixed assets284/8€3k€6k▲
Amounts receivable and cash guarantees285/8€3k€6k▲
Current assets29/58€4.38M€4.77M▲
Stocks and contracts in progress3€1.82M€2.54M▲
Stocks30/36€1.82M€2.54M▲
Raw materials and consumables30/31€952k€1.07M▲
Work in progress32€413k€915k▲
Finished goods33€455k€515k▲
Advance payments36-€35k
Amounts receivable within one year40/41€1.85M€1.76M▼
Trade receivables40€1.71M€1.71M▲
Other amounts receivable41€141k€50k▼
Cash at bank and in hand54/58€528k€422k▼
Deferred charges and accrued income490/1€179k€45k▼
Equity and liabilities
Total equity and liabilities10/49€10.95M€10.49M▼
Equity10/15€137k€-2.27M▼
Contributions10/11€3.20M€4.73M▲
Capital10€3.20M€4.73M▲
Issued capital100€3.20M€4.73M▲
Revaluation surpluses12€2.21M€2.06M▼
Reserves13€167k€324k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€157k€314k▲
Profit (loss) carried forward14€-5.44M€-9.37M▼
Amounts payable17/49€10.81M€12.75M▲
Amounts payable after more than one year17€4.23M€4.19M▼
Financial debts170/4€4.23M€4.19M▼
Leasing and similar obligations172€1.54M€1.02M▼
Credit institutions173€2.69M€3.17M▲
Amounts payable within one year42/48€6.53M€8.40M▲
Current portion of amounts payable after more than one year42€529k€523k▼
Financial debts43€1.92M€1.49M▼
Credit institutions430/8€1.92M€1.49M▼
Trade debts44€2.08M€3.20M▲
Suppliers440/4€2.08M€3.20M▲
Advances received on contracts in progress46-€120k
Taxes, remuneration and social security45€1.84M€2.20M▲
Taxes450/3€249k€217k▼
Remuneration and social security454/9€1.59M€1.98M▲
Other amounts payable47/48€167k€860k▲
Accrued charges and deferred income492/3€49k€171k▲
Income statement
Code20242025
Operating income70/76A€11.64M€13.83M▲
Turnover70€10.88M€12.96M▲
Change in stocks of work in progress, finished goods and contracts in progress71€574k€562k▼
Other operating income74€184k€308k▲
Non-recurring operating income76A€5k€0▼
Operating charges60/66A€15.05M€17.37M▲
Goods for resale, raw materials and consumables60€3.99M€5.09M▲
Purchases600/8€3.58M€5.21M▲
Change in stocks: decrease (increase)609€411k€-118k▼
Services and other goods61€3.75M€4.68M▲
Remuneration, social security and pensions62€5.53M€5.63M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.60M€1.71M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€69k€0▼
Other operating charges640/8€116k€255k▲
Non-recurring operating charges66A-€2k
Operating profit (loss)9901€-3.41M€-3.54M▼
Financial charges65/66B€306k€385k▲
Recurring financial charges65€306k€385k▲
Debt charges650€282k€322k▲
Other financial charges652/9€23k€62k▲
Profit (loss) for the period before taxes9903€-3.72M€-3.93M▼
Income taxes67/77€2k€2k▼
Taxes670/3€2k€2k▼
Profit (loss) for the period9904€-3.72M€-3.93M▼
Profit (loss) for the period to be appropriated9905€-3.72M€-3.93M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-5.44M€-9.37M▼
Profit (loss) brought forward from the previous period14P€-1.72M€-5.44M▼
Social balance
Average headcount (FTE)908791.183.0▼
The notes to these accounts (101 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-3.93M
Net result drops to €-3.93M, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €756k
Net result €756k after 2 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 14 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-03-2020
YeYe: Resigned as Director
18-04-2017
GERT VAN HUFFEL: Resigned as Director
Location & real-estate footprint
Registered office, Diksmuide · 1 establishment unit since 1991
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.
Heernisse(D) 78600 DiksmuideGround area
1.3 ha
Building footprint
8,724 m²
Volume, LiDAR
59,158 m³
Parcel 32003D0701/00R002, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
METAALCONSTRUCTIE VANDERSCHEUREN
since 19912.186.307.744
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32003D0701/00R002 | Flanders | 1.3 ha | 1 · 8,724 m² | 9.7 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 · 14 entries · 81,189 EUR awarded · 80,459 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 39,561 EUR | 39,561 EUR |
| 2024 | 3 | 22,723 EUR | 22,276 EUR |
| 2023 | 4 | 10,101 EUR | 10,058 EUR |
| 2022 | 4 | 8,804 EUR | 8,564 EUR |
Schemes
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Stagebonus (stopgezet)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Recognitions · licences · registrations
Dual-learning approval
3 live approvals · 3 endedLassen-constructie duaal (so)
Lasser-monteerder (vwo)
Lasser-monteerder duaal (so)
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GESTE
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SJC3D Méca
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LUCKINOX
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Of 3,987 companies in sector 25110 we hold annual accounts for 2,148. 1,656 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-12-1973
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
25530Machining of metals
28110
28520
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.