Checked.be
Active
BE 0685.530.870Private limited company
V.D.W. Interieurbouw
Boekhoutstraat 7 ·3890 Gingelom, Belgium· 8 yrs active
Sector: Joinery installation
(43320)
Conclusion
V.D.W. Interieurbouw has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €116k and a net result of €11k. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 25% of 343 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €116k |
| Net result | €11k |
| Better than sector | 25% |
| Active | 8 yrs |
Financial profile
64
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
69
Profitability
47
Solvency
24
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2017, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
69
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€8k
estimate, not credit advice
Score history
69
2022
96
2023
66
2024
69
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.04 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.04 (≥ 1.0)
+5
Leverage
Debt/equity 4.38 (> 3.0)
-10
Profitability
ROE 9%
+3
Interest coverage
Interest coverage 14.1× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 08-07-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~12.2%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 18.6% | 39.1% | |
| Net result | €11k | €40k | |
| Equity | €116k | €193k | |
| Gross operating margin | €77k | €230k | |
| Staff costs | €32k | €224k |
€41k
+32.9%
22-25
€11k
+87.6%
22-25
€33k
+51.6%
22-25
€626k
+31.7%
22-25
€116k
+10.4%
22-25
€4k
-98.7%
22-25
€32k
-
22-25
€5k
-18.9%
22-25
€509k
+37.8%
22-25
€105k
+42.6%
22-25
€403k
+36.7%
22-25
1.04
-80.9%
22-25
1.04
-80.9%
22-25
18.6%
-16.2%
22-25
4.38
+24.8%
22-25
9.4%
+70.0%
22-25
1.7%
+42.5%
22-25
14.09
+94.4%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €41k | €31k | €38k | €26k |
| Net profit | €11k | €6k | €13k | €5k |
| Cash flow | €33k | €22k | €29k | €22k |
| Staff costs | €32k | - | - | - |
| Income taxes | €5k | €6k | €7k | €2k |
| Dividends | - | - | - | - |
| Total assets | €626k | €475k | €177k | €175k |
| Equity | €116k | €105k | €100k | €74k |
| Debt | €509k | €370k | €77k | €101k |
| of which ≤ 1y | €105k | €73k | €62k | €76k |
| of which > 1y | €403k | €295k | €14k | €24k |
| Working capital | €4k | €327k | €25k | €9k |
| Employees (FTE) | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.04 | 5.45 | 1.40 | 1.11 |
| Quick ratio | 1.04 | 5.45 | 1.05 | 0.72 |
| Working capital ratio | 0.7% | 68.8% | 14.1% | 5.0% |
| Solvency | 18.6% | 22.2% | 56.3% | 42.4% |
| Debt / equity | 4.38 | 3.51 | 0.78 | 1.36 |
| Long-term debt ratio | 3.47 | 2.80 | 0.14 | 0.32 |
| Interest coverage | 14.09 | 7.25 | 15.77 | 11.47 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 1.7% | 1.2% | 7.3% | 2.6% |
| ROE | 9.4% | 5.5% | 12.9% | 6.2% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €626k | €475k | €177k | €175k |
| Fixed assets | 21/28 | €517k | €75k | €90k | €91k |
| Tangible fixed assets | 22/27 | €517k | €75k | €90k | €91k |
| Current assets | 29/58 | €109k | €400k | €87k | €85k |
| Stocks & contracts in progress | 3 | - | - | €22k | €30k |
| Amounts receivable within one year | 40/41 | €33k | €358k | €39k | €38k |
| Cash & bank | 54/58 | €76k | €42k | €26k | €17k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €626k | €475k | €177k | €175k |
| Equity | 10/15 | €116k | €105k | €100k | €74k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €6k |
| Reserves | 13 | €98k | €87k | €81k | €68k |
| Amounts payable | 17/49 | €509k | €370k | €77k | €101k |
| Amounts payable after one year | 17 | €403k | €295k | €14k | €24k |
| Amounts payable within one year | 42/48 | €105k | €73k | €62k | €76k |
| Trade debts payable within one year | 44 | €37k | €27k | €2k | €15k |
| Income statement | |||||
| Gross operating margin | 9900 | €77k | €65k | €41k | €28k |
| Operating result | 9901 | €19k | €15k | €22k | €9k |
| Financial income | 75 | €71 | €1k | €771 | €229 |
| Financial charges | 65 | €3k | €4k | €2k | €2k |
| Result before taxes | 9903 | €16k | €12k | €20k | €7k |
| Income taxes | 67/77 | €5k | €6k | €7k | €2k |
| Net result for the period | 9904 | €11k | €6k | €13k | €5k |
| Result to be appropriated | 9905 | €11k | €6k | €13k | €5k |
Legal Structure
| NACE primary | Joinery installation(43320) |
| Legal form | Private limited company(610) |
| Incorporation | 30-11-2017 |
| Status | Active |
| Postal code | 3890 |
Establishment units
V.D.W. Interieurbouw
since 20172.270.547.987
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71007A0134/02B000 | Flanders | 3,183 m² | 1 · 729 m² | 10.6 m · 1 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 5.45
Current ratio from 1.40 to 5.45.
31-12
Financial
Equity above €100kEq €105k ▲5.9%
3 profitable years in a row build equity to €105k.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €13k ▲180%
Operating result €22k, net result €13k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Joinery installation43320Activities of interior architects71112
Names & trade names
| Legal nameNL | V.D.W. Interieurbouw |
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