PHILIPPE VANDECAVEYE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €409k and a net result of €120k. Equity is shrinking by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 57% of 3325 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
2 d late
2022
21 d late
2021
26 d late
2020
11 d late
2019
55 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€409k▲ 19.8%
2023 · €341k
2018: €634k
2019: €699k
2020: €384k
2021: €472k
2022: €499k
2023: €341k
2018 → 2024
Net result
€120k
2023 · €-91k
2018: €78k
2019: €65k
2020: €98k
2021: €88k
2022: €115k
2023: €-91k
2018 → 2024
Total assets
€709k▲ 11.1%
2023 · €638k
2018: €917k
2019: €878k
2020: €834k
2021: €689k
2022: €678k
2023: €638k
2018 → 2024
Solvency
57.6%▲ 4.2pp
2023 · 53.4%
2018: 69.2%
2019: 79.6%
2020: 46.0%
2021: 68.5%
2022: 73.5%
2023: 53.4%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€384k-€472k▲ 22.9%€499k▲ 5.6%€341k▼ 31.6%€409k▲ 19.8%
Operating result€147k-€130k▼ 11.2%€172k▲ 31.8%€-88k€154k
Net result€98k-€88k▼ 10.4%€115k▲ 30.2%€-91k€120k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €154k after a loss of €88k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €709k
Fixed assets
€459k▲ 8.5%
Current assets
€250k▲ 16.3%
Equity and liabilities €709k
Equity
€409k▲ 19.8%
Debt
€301k▲ 1.1%
The debt ratio falls from 46.6% to 42.4%. Equity and debt are higher.
Key figures and ratios
Solvency
57.6%▲
2023 · 53.4%
ROE
29.3%▲
2023 · -26.6%
ROA
16.9%▲
2023 · -14.2%
Debt
€301k▲
2023 · €297k
Debt ≤ 1 year
€150k▲
2023 · €148k
Debt > 1 year
€150k▲
2023 · €150k
Income taxes
€23k▲
2023 · €864
Staff costs
€346k▼
2023 · €368k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€638k€709k▲
Fixed assets21/28€423k€459k▲
Tangible fixed assets22/27€423k€459k▲
Land and buildings22€383k€370k▼
Furniture and vehicles24€33k€84k▲
Other tangible fixed assets26€8k€4k▼
Financial fixed assets28€299€299=
Current assets29/58€215k€250k▲
Amounts receivable within one year40/41€40k€59k▲
Trade receivables40€1k€0▼
Other amounts receivable41€39k€59k▲
Current investments50/53€164k€164k=
Cash at bank and in hand54/58€9k€26k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€638k€709k▲
Equity10/15€341k€409k▲
Contributions10/11€6k€6k=
Reserves13€425k€402k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€5k€5k=
Distributable reserves133€418k€395k▼
Profit (loss) carried forward14€-91k€0▲
Amounts payable17/49€297k€301k▲
Amounts payable after more than one year17€150k€150k▲
Financial debts170/4€150k€150k▲
Amounts payable within one year42/48€148k€150k▲
Current portion of amounts payable after more than one year42€60k€72k▲
Trade debts44€19k€15k▼
Suppliers440/4€19k€15k▼
Taxes, remuneration and social security45€56k€50k▼
Taxes450/3€16k€3k▼
Remuneration and social security454/9€41k€47k▲
Other amounts payable47/48€12k€13k▲
Income statement
Code20232024
Remuneration, social security and pensions62€368k€346k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€29k▼
Other operating charges640/8€6k€12k▲
Gross operating margin9900€316k€541k▲
Operating profit (loss)9901€-88k€154k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€1k€12k▲
Recurring financial charges65€1k€12k▲
Profit (loss) for the period before taxes9903€-90k€143k▲
Income taxes67/77€864€23k▲
Profit (loss) for the period9904€-91k€120k▲
Profit (loss) for the period to be appropriated9905€-91k€120k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-91k€29k▲
Profit (loss) brought forward from the previous period14P-€-91k
Transfer from equity791/2€67k€52k▼
Transfer to equity691/2€0€29k▲
To other reserves6921€0€29k▲
Profit to be distributed694/7€67k€52k▼
Return on contributions (dividend)694€67k€52k▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €120k
Net result €120k after one loss-making year.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
31-12
Financial
Weakest financial yearnet €-91k ▼179%
Net result drops to €-91k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
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, Watermaal-Bosvoorde · 1 establishment unit since 2005
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.
Eugène Keymplein 71170 Watermaal-BosvoordeGround area
80 m²
Building footprint
67 m²
Volume, LiDAR
664 m³
Parcel 21017D0152/00K000, Brussels · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Philippe Vandecaveye SPRL
since 20052.145.018.309
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0152/00K000 | Brussels | 80 m² | 1 · 67 m² | 15.3 m · 4 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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Of 1,681 companies in sector 66191 we hold annual accounts for 1,229. 1,036 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-11-2004
Fiscal year end31-12
Activities, NACEBEL
66191Agents and brokers in banking services
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:02/673 14 85