Debts
€4.0m 79% of the balance sheet
Financial debts 29%Suppliers 10%Taxes and wages 5%Other 56%
€286,014 of the debts are secured on the company's own assets.
van Cronenburg
Lifetime
1 annual account with figurespeak €2.1m (2025)
€2.1m
lowest -€294,968 (2025)
-€294,968
peak €1.1m (2025)
€1.1m
€4.0m
peak 29.4 FTE (2025)
29.4 FTE
Board2 names since 2025
2 directorsKerykeion and 1 other
Documentsfilings and deeds
30-07-20261 day before the deadline
2025abbreviated format
Loss of €294,968Incorporation 03-061 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsRestructuring
2025
Branch taken over from van Cronenburg. Takeover on 03-06-2025.
Position in the sector
-€294,968
Lower net result than 95% of companies in fabricated metal products. Sector median €43,813 · 1,245 companies.
Checked score
79
Excellent
Financially stronger than 23% of small companies in fabricated metal products (NACE 25)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 748 companies (NACE 25, small).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
06-2026: 1.8%highest value
07-2026: 1.8%● unchanged vs 06-2026highest value
08-2026: 1.0%▼ -0.8 percentage points vs 07-2026
09-2026: 1.0%● unchanged vs 08-2026
10-2026: 0.5%▼ -0.5 percentage points vs 09-2026lowest value
11-2026: 0.5%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €294,968 (financial year 2025)
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
lowers risk
Figures for financial year 2025 (filed on 30-07-2026)
Activity since 2010 (company founded in 2025)
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 25, small). It does better than 20% of them on solvency, 36% on liquidity and 14% on profitability.
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, 5,181 companies had the same profile as van Cronenburg has now. Each dot stands for 13 companies, two years later.
96.4%
were still trading
2.0%
stopped another way
1.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of van Cronenburg itself: 0.5% 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 5,181 companies, not a prediction for van Cronenburg. 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 €85,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is insufficient, with a current ratio of 0.66, below 1. Short-term debt is 60.4% and cash 15% of total assets. 78.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1245 sector peers (2025).
NBB · sector comparisonPosition among 1245 sector peers
Solvency
better than 20%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
1 day early
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- YVERGNEAUX Régine Walter Marguerite 186 sharesdeed of 03-06-2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1023665447
Incorporation
Founding capital of €1,468,020.31, 186 shares · Demerger: van Cronenburg splits off to van Cronenburg · Founder: YVERGNEAUX Régine Walter Marguerite · published on 03-06-2025 · Gazette deed
First establishment
Logboekstraat 15, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| van Cronenburg Ghent | €5.1m | €2.1m | 21.4% | 29.4 |
| Cabnam Fernelmont | €4.5m | €1.0m | 8.5% | 9.9 |
| ADC METAL Nivelles | €1.3m | €1.0m | 3.7% | 18.8 |
| ULIS 4.0. Thuin | €6.2m | €1.6m | 43.7% | 22.3 |
| Wouters Dirk Wuustwezel | €1.8m | €0.3m | 50.2% | - |
| Entreprises A.C.M. Prodesign Tubize | €1.3m | €1.2m | 16.2% | 20.8 |
| AGC - Atelier Grégory COLLIGNON Vaux-sur-Sûre | €1.1m | €0.9m | 54.6% | - |
These companies have the same main activity as van Cronenburg: manufacture of fabricated metal products, except machinery and equipment (NACE 25999). They are comparable in size and age: total assets between €1.1m and €6.2m, founded between 2019 and 2024.
Official details
Source: KBO- Status
- Active since 23-05-2025Normal situation
- Activity
- Manufacture of fabricated metal products, except machinery and equipmentNACE 25999and 4 others
- Joint committee
- 209White-collar workers in metal manufacturing · annual accounts 2025
- Establishment unit
- 2.374.016.2069000 Ghent, since 23-05-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 25-11-2025
Annual accounts 2025
- ≈ €3.7mestimated
- €5.1m
- Employeeson 31-12-2025
- 32
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on van Cronenburg
van Cronenburg has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of -€294,968.
Its solvency ranks better than 20% of 1,245 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
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 van Cronenburg
- What is the company number of van Cronenburg?
- The company number of van Cronenburg is 1023.665.447. The VAT number is the same number with BE in front: BE 1023.665.447.
- Where is van Cronenburg based?
- The registered office is at Logboekstraat 15, 9000 Ghent.Company details
- What does van Cronenburg do?
- According to the KBO register, the main activity is manufacture of fabricated metal products, except machinery and equipment (NACE 25999).
- What is the legal form of van Cronenburg?
- van Cronenburg is a private limited company (BV).
- When was van Cronenburg founded?
- van Cronenburg was founded on 23-05-2025.
- Is van Cronenburg still active?
- Yes, van Cronenburg is an active enterprise in the KBO register.
- How many employees does van Cronenburg have?
- van Cronenburg had an average of 29.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does van Cronenburg fall under?
- In its 2025 annual accounts, van Cronenburg states joint committee 209 (White-collar workers in metal manufacturing).
- What is the turnover of van Cronenburg?
- The turnover in financial year 2025 is ≈ €3.7m. This figure is estimated from the gross margin of €2.1m and 1,585 comparable companies of the same size. It probably lies between €2.5m and €6.0m. It is a rough estimate.
- Is van Cronenburg profitable?
- In financial year 2025, van Cronenburg made a loss of €294,968.
- Where can I find the annual accounts of van Cronenburg?
- van Cronenburg filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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