VAKWERK
ActiveThe computed 12-month bankruptcy probability of VAKWERK is 1.6% (moderate). The 2025 annual accounts show equity of €53k and a net result of €33k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 62% of 7238 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
98
/ 100
Excellent▲ +12 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+15
Solvency93▲+19
Growth78=
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.82 against 1.27 in 2024), and 45.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.9%
Return on assets
33.8%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
26 d late
2024
25 d late
2023
28 d late
2022
70 d late
2021
2 d early
2020
30 d late
2019
3 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
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€53k▼ 13.4%
2024 · €61k
2018: €23k
2019: €71k
2020: €92k
2021: €104k
2022: €115k
2023: €122k
2024: €61k
2018 → 2025
Total assets
€97k▼ 29.3%
2024 · €137k
2018: €51k
2019: €123k
2020: €165k
2021: €154k
2022: €191k
2023: €201k
2024: €137k
2018 → 2025
Net result
€33k▲ 212%
2024 · €10k
2018: €4k
2019: €48k
2020: €21k
2021: €12k
2022: €11k
2023: €7k
2024: €10k
2018 → 2025
Working capital
€28k▲ 32.8%
2024 · €21k
2018: €-2k
2019: €14k
2020: €30k
2021: €43k
2022: €82k
2023: €82k
2024: €21k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€104k-€115k▲ 10.6%€122k▲ 6.1%€61k▼ 49.8%€53k▼ 13.4%
Operating result€16k-€17k▲ 8.6%€9k▼ 50.1%€14k▲ 69.2%€40k▲ 177%
Net result€12k-€11k▼ 10.8%€7k▼ 36.0%€10k▲ 48.4%€33k▲ 212%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 177% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €97k
Fixed assets
€36k▼ 12.4%
Current assets
€61k▼ 36.5%
Equity and liabilities €97k
Equity
€53k▼ 13.4%
Debt
€44k▼ 42.3%
The debt ratio falls from 55.2% to 45.1%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€60k▲
2024 · €33k
Cash flow
€53k▲
2024 · €29k
Solvency
54.9%▲
2024 · 44.8%
Current ratio
1.82▲
2024 · 1.27
Quick ratio
1.82▲
2024 · 1.04
Debt / equity
0.82▼
2024 · 1.23
ROE
61.6%▲
2024 · 17.1%
ROA
33.8%▲
2024 · 7.7%
Interest coverage
167.17▲
2024 · 107.41
Debt
€44k▼
2024 · €76k
Debt ≤ 1 year
€34k▼
2024 · €76k
Income taxes
€9k▲
2024 · €4k
Staff costs
€0▼
2024 · €9k
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€137k€97k▼
Fixed assets21/28€41k€36k▼
Tangible fixed assets22/27€41k€36k▼
Plant, machinery and equipment23€26k€26k▼
Furniture and vehicles24€14k€9k▼
Other tangible fixed assets26€519€341▼
Financial fixed assets28€150€150=
Current assets29/58€96k€61k▼
Stocks and contracts in progress3€17k€0▼
Contracts in progress37€17k€0▼
Amounts receivable within one year40/41€12k€2k▼
Trade receivables40€8k€569▼
Other amounts receivable41€3k€1k▼
Current investments50/53€35k€23k▼
Cash at bank and in hand54/58€28k€31k▲
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€137k€97k▼
Equity10/15€61k€53k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€41k€33k▼
Amounts payable17/49€76k€44k▼
Amounts payable within one year42/48€76k€34k▼
Trade debts44€683€15k▲
Suppliers440/4€683€15k▲
Taxes, remuneration and social security45€3k€6k▲
Taxes450/3€3k€6k▲
Other amounts payable47/48€72k€12k▼
Accrued charges and deferred income492/3-€10k
Income statement
Code20242025
Non-recurring operating income76A€455€15k▲
Remuneration, social security and pensions62€9k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€20k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€44k€62k▲
Operating profit (loss)9901€14k€40k▲
Financial income75/76B€412€1k▲
Recurring financial income75€412€1k▲
Financial charges65/66B€308€359▲
Recurring financial charges65€308€359▲
Profit (loss) for the period before taxes9903€15k€41k▲
Income taxes67/77€4k€9k▲
Profit (loss) for the period9904€10k€33k▲
Profit (loss) for the period to be appropriated9905€10k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€41k€33k▼
Profit (loss) brought forward from the previous period14P€31k€0▼
Transfer from equity791/2€71k€29k▼
Profit to be distributed694/7€71k€29k▼
Return on contributions (dividend)694€71k€29k▼
The notes to these accounts (15 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €104k ▲13.5%
4 profitable years in a row build equity to €104k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
31-12
Financial
Highest result since 2018net €48k ▲1036%
Operating result €57k, net result €48k, both a record.
26-06
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.
0 of 2 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
1 director, last change in 2024
Jan Veirman
CurrentNiet statutair bestuurder · since 30-01-2024
30-01-2024
Appointed as Niet statutair bestuurder
Not every act has been read: a resignation may be missing here
2 of this company's 2 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Denderleeuw · 1 establishment unit since 2018
Ground area
2,132 m²
Building footprint
166 m²
Volume, LiDAR
1,006 m³
Parcel 41402B0470/00H000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VAKWERK
since 20182.280.827.811
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41402B0470/00H000 | Flanders | 2,132 m² | 1 · 166 m² | 10.2 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.
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Of 29,529 companies in sector 41001 we hold annual accounts for 15,848. 12,958 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-09-2018
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
01500Mixed farming
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.