Thomas Van Eetvelde BV
ActiveSummary
Thomas Van Eetvelde BV has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137,211 and a net result of €32,915. Equity has been growing by about 50% per year since 2023. Its solvency ranks better than 43% of 1,257 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 30-05-2023 Normal situation
- Activity
- Construction of roads and motorways NACE 42110and 3 others
- Establishment unit
- 2.346.801.964 9290 Berlare, since 30-05-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Turnover
- €1.2m
- ▲ 46.5%
- Profit
- €32,915
- ▼ 57.0%
- Equity
- €137,211
- ▲ 29.5%
- Total assets
- €355,499
- ▲ 27.6%
- Employees on 31-12-2025
- 3
- ▲ 50.0%
Score breakdownraises riskFounded in 2023Sector: Civil engineering (NACE 42)Profit of €32,915 (financial year 2025)lowers riskLiquidity: current ratio 1.19, cash €49,620, halvedShow the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 42, micro). It does better than 43% of them on solvency, 26% on liquidity, 32% on profitability and 73% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 64 days before the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-05-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is 46% lower than in 2024.
Staff
| Item | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 3 |
| full-time | 2 | 2 | 2 |
| part-time | - | - | 1 |
| in full-time equivalents | 2 | 2 | 2.8 |
| Average over the year, in full-time equivalents | 1.2 | 1.6 | 2 |
| On a permanent contract | 2 | 2 | 3 |
| Joined | 2 | 1 | 1 |
| Left | 0 | 1 | 0 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €7,772 | €103,078 | €26,672 |
| Depreciation and write-downs of the year | €608 | €10,641 | €28,417 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 2 entries · €498 awarded · €498 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €396 | €396 |
| 2023 | 1 | €102 | €102 |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €0.4m | €0.8m | €1.2m | ▲ 46.5% |
| Goods, raw materials, services and sundry goods60/61 | €0.3m | €0.6m | €1.0m | ▲ 61.2% |
| Remuneration, social security and pensions62 | €0.06m | €0.08m | €0.1m | ▲ 42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.001m | €0.01m | €0.03m | ▲ 167% |
| Other operating charges640/8 | €0.001m | €0.004m | €0.005m | ▲ 28.6% |
| Gross operating margin9900 | €0.09m | €0.2m | €0.2m | ▲ 2.3% |
| Operating profit (loss)9901 | €0.03m | €0.1m | €0.06m | ▼ 45.6% |
| Financial income75/76B | €480 | €95 | €110 | ▲ 15.8% |
| Recurring financial income75 | €80 | €95 | €110 | ▲ 15.8% |
| Non-recurring financial income76B | €400 | - | - | - |
| Financial charges65/66B | €0.002m | €0.01m | €0.02m | ▲ 55.4% |
| Recurring financial charges65 | €0.002m | €0.01m | €0.02m | ▲ 55.4% |
| Profit (loss) for the period before taxes9903 | €0.03m | €0.1m | €0.04m | ▼ 57.5% |
| Income taxes67/77 | €0.006m | €0.02m | €0.008m | ▼ 59.2% |
| Profit (loss) for the period9904 | €0.02m | €0.08m | €0.03m | ▼ 57.0% |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.08m | €0.03m | ▼ 57.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €130,397 | €278,655 | €355,499 | ▲ 27.6% |
| Fixed assets21/28 | €7,164 | €99,601 | €97,856 | ▼ 1.8% |
| Tangible fixed assets22/27 | €7,164 | €99,601 | €97,856 | ▼ 1.8% |
| Plant, machinery and equipment23 | €7,164 | €73,824 | €79,708 | ▲ 8.0% |
| Furniture and vehicles24 | - | €25,777 | €18,148 | ▼ 29.6% |
| Current assets29/58 | €123,233 | €179,054 | €257,643 | ▲ 43.9% |
| Stocks and contracts in progress3 | - | - | €19,036 | - |
| Contracts in progress37 | - | - | €19,036 | - |
| Amounts receivable within one year40/41 | €22,857 | €72,046 | €183,797 | ▲ 155% |
| Trade receivables40 | €20,177 | €64,127 | €151,387 | ▲ 136% |
| Other amounts receivable41 | €2,680 | €7,919 | €32,410 | ▲ 309% |
| Cash at bank and in hand54/58 | €100,376 | €107,008 | €49,620 | ▼ 53.6% |
| Deferred charges and accrued income490/1 | - | - | €5,190 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €130,397 | €278,655 | €355,499 | ▲ 27.6% |
| Equity10/15 | €31,050 | €105,962 | €137,211 | ▲ 29.5% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €21,050 | €95,962 | €127,211 | ▲ 32.6% |
| Distributable reserves133 | €21,050 | €95,962 | €127,211 | ▲ 32.6% |
| Amounts payable17/49 | €99,347 | €172,693 | €218,288 | ▲ 26.4% |
| Amounts payable within one year42/48 | €99,347 | €169,639 | €215,744 | ▲ 27.2% |
| Current portion of amounts payable after more than one year42 | - | €5,071 | €5,046 | ▼ 0.5% |
| Trade debts44 | €51,035 | €93,483 | €123,068 | ▲ 31.6% |
| Suppliers440/4 | €51,035 | €93,483 | €123,068 | ▲ 31.6% |
| Taxes, remuneration and social security45 | €10,888 | €19,795 | €31,969 | ▲ 61.5% |
| Taxes450/3 | €3,575 | €6,491 | €5,901 | ▼ 9.1% |
| Remuneration and social security454/9 | €7,313 | €13,304 | €26,068 | ▲ 95.9% |
| Other amounts payable47/48 | €37,424 | €51,290 | €55,661 | ▲ 8.5% |
| Accrued charges and deferred income492/3 | - | €3,054 | €2,544 | ▼ 16.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,716 | €76,578 | €32,915 | ▼ 57.0% |
| + Depreciation and write-downs630 | €608 | €10,641 | €28,417 | ▲ 167% |
| Operating cash flow (approximation) | €23,324 | €87,219 | €61,332 | ▼ 29.7% |
| Investment in fixed assets (approximation) | - | -€103,078 | -€26,672 | ▲ 74.1% |
| Change in cash | - | €6,632 | -€57,388 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as Thomas Van Eetvelde BV has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Thomas Van Eetvelde BV itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for Thomas Van Eetvelde BV. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- VAN EETVELDE Thomas founder
- VAN EETVELDE Filip Alfred founder
Capital transactions
- 01-06-2023 Incorporation · €10,000 · 100 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, algemene vergadering die benoemt bepaalt aantal,duur en indien meerdere bevoegdheid”“Vaste of evenredige vergoeding, 12”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft ten laste overdrager en helft ten laste koper(s),naar evenredigheid verworven aantal bij meer kopers, elke overdracht of overgang van…”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Op elk moment, 24”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook, 25”
Articles of association, deed of 01-06-2023 (in Dutch)
Network & group
Thomas Van Eetvelde BV shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Thomas Van Eetvelde BV. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
27-10
Gazette deed
Registered officeCorrection1 point ▸
- Correction, “9290 Berlare,Goudberg 6C” (deed in Dutch)
01-06
Gazette deed
IncorporationStarting capital €10,000 · Appointment: VAN EETVELDE Thomas (director) · Founder9 points ▸
- Founder, VAN EETVELDE Thomas
- Founder, VAN EETVELDE Filip Alfred
- Incorporation, “Thomas Van Eetvelde BV” (deed in Dutch)
- Founding capital, €10,000
- Bank account, “KBC Bank”, 10000 (deed in Dutch)
- Capital
- Registered office clause, “9290 Berlare,Goudberg 6C” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen die eruit voortvloeien en alle activiteiten ondernomen vanaf 01-06-2023 door comparanten in naam en voor reken…” (deed in Dutch)
- Director appointment, VAN EETVELDE Thomas (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 30 May 2023, Thomas Van Eetvelde BV was incorporated by two natural persons, with a starting capital of €10,000.12 VAN EETVELDE Thomas is director of the company, appointed in the act of 01-06-2023.2 Turnover went from €389,580 in 2023 to €1.2m in 2025 and headcount from 1.2 to 2 full-time equivalents.3
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0802.215.734
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42017D1321/00M002 | Flanders | 5.1 ha | 1 · 153 m² | - |