Losses
-€103,612 in four years
Every financial year from 2022 to 2025 closed with a loss. 2023 was the heaviest.
VABECO
Lifetime
20 annual accounts with figures on one time axis, 29 filings since 1997peak €111,461 (2009)
€4,860▲ €13,960
lowest -€49,138 (2023)
-€8,134▲ €15,891
peak €368,577 (2021)
€264,964▼ 3.0%
€348▼ 96.8%
Board3 names since 2021
3 directorsBauwens André and 2 others
Documentsfilings and deeds
17-07-202614 days before the deadline
2025financial year
Gross margin from -€9,100 to €4,860Loss of €8,134Debts from €10,735 to €348
Key points
from the 2025 annual accountsFilings
29 annual accounts since 1997
The last five annual accounts were filed 5 to 41 days before the end of the period.
Position in the sector
99.9%
Higher solvency than 95% of companies in specialised construction. Sector median 42.4% · 2,463 companies.
Checked score
95
Excellent
Financially stronger than 59% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%highest value
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: < 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: 0.1%▲ +0.1 percentage points vs 06-2026
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 538.57, cash €168,256
Equity €264,964 (99.9% of total assets)
Founded in 1997
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 43, micro). It does better than 90% of them on solvency, 98% on liquidity, 18% on profitability and 30% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as VABECO has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VABECO itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 12,322 companies, not a prediction for VABECO. 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.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Short-term debt is 0.1% and cash 63.4% of total assets. 0.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€8,134
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 days early
2024
6 days early
2023
5 days early
2022
41 days early
2021
11 days early
2020
9 days early
2019
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0459946977
3 directors reappointed
Bauwens Benny (managing director and chair), Bauwens André and De Smet Vanessa · General meeting of 01-01-2021 · Gazette deed
First establishment
Vriesenrot 4, Dendermonde
Incorporation
published on 13-02-1997 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VABECO Dendermonde | €265,312 | €4,860 | 99.9% | - |
| TEMMERMAN LIEVEN Maldegem | €246,854 | €6,245 | 3.3% | - |
| ROVAN Middelkerke | €245,769 | €3,869 | 57.1% | - |
| KOMPAS Oudenaarde | €223,305 | €4,027 | 96.0% | - |
| DIRK VAN DE VELDE Zwalm | €351,423 | €5,662 | 65.4% | - |
| SCHRIJNWERKERIJ DE COOMAN Ninove | €219,619 | €5,679 | -38.2% | - |
| BERT VANACKER Koekelare | €346,078 | €5,160 | 1.8% | - |
These companies have the same main activity as VABECO: joinery installation (NACE 43320). They are comparable in size and age: total assets between €220,000 and €351,000, founded between 1987 and 2001.
Official details
Source: KBO- Status
- Active since 30-01-1997Normal situation
- Activity
- Joinery installationNACE 43320
- Establishment unit
- 2.081.492.0199200 Dendermonde, since 22-04-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 01-10-2025
Annual accounts 2025
- ≈ €49,000estimated
- €265,312▼ 6.5%
- Filing
- Filed on 17-07-2026, 14 days before the end of the filing period
Insights on VABECO
VABECO has existed since 1997. The gross margin fell from €66,928 in 2006 to €4,860 in 2025.
In April 2023, the Official Gazette published the appointment of Bauwens Benny as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VABECO
- What is the company number of VABECO?
- The company number of VABECO is 0459.946.977. The VAT number is the same number with BE in front: BE 0459.946.977.
- Where is VABECO based?
- The registered office is at Vriesenrot 4, 9200 Dendermonde.Company details
- What does VABECO do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of VABECO?
- VABECO is a public limited company (NV).
- When was VABECO founded?
- VABECO was founded on 30-01-1997.
- Is VABECO still active?
- Yes, VABECO is an active enterprise in the KBO register.
- What is the turnover of VABECO?
- The turnover in financial year 2025 is ≈ €49,000. This figure is estimated from the gross margin of €4,860 and 84 comparable companies (NACE 43320). It probably lies between €28,000 and €96,000. It is a rough estimate.Financials
- Is VABECO profitable?
- In financial year 2025, VABECO made a loss of €8,134.
- Where can I find the annual accounts of VABECO?
- VABECO filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VABECO due?
- VABECO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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