Van Dael
ActiveVan Dael has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67k and a net result of €-3k. Equity is growing by ~35.3% per year across the filed fiscal years. Its solvency ranks better than 21% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34▼-1
Solvency45▼-8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 1.87 against 4.66 in 2024; short-term debt: 12.1% and cash: 0.1% of total assets), but 80.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.5%
Return on assets
-1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 27711 sector peers (2025).
NBB · sector comparisonPosition among 27711 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 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 · 10 filingsDeviation from the deadline
2025
7 d late
2024
9 d early
2023
34 d late
2022
6 d early
2021
40 d early
2020
58 d early
2019
4 d early
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€67k▼ 28.0%
2024 · €92k
2018: €15k
2019: €20k
2020: €25k
2021: €39k
2022: €73k
2023: €89k
2024: €92k
2018 → 2025
Total assets
€341k▲ 4.0%
2024 · €328k
2018: €34k
2019: €37k
2020: €51k
2021: €55k
2022: €427k
2023: €372k
2024: €328k
2018 → 2025
Net result
€-3k
2024 · €4k
2018: €3k
2019: €5k
2020: €5k
2021: €13k
2022: €35k
2023: €16k
2024: €4k
2018 → 2025
Working capital
€36k▼ 36.1%
2024 · €56k
2018: €10k
2019: €14k
2020: €25k
2021: €37k
2022: €51k
2023: €50k
2024: €56k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€39k-€73k▲ 89.6%€89k▲ 21.2%€92k▲ 4.0%€67k▼ 28.0%
Operating result€17k-€40k▲ 141%€30k▼ 24.3%€13k▼ 57.1%€10k▼ 21.5%
Net result€13k-€35k▲ 159%€16k▼ 55.0%€4k▼ 77.0%€-3k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 21% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €341k
Fixed assets
€264k▲ 2.9%
Current assets
€77k▲ 8.0%
Equity and liabilities €341k
Equity
€67k▼ 28.0%
Debt
€275k▲ 16.5%
The debt ratio rises from 71.8% to 80.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€24k▼
2024 · €26k
Cash flow
€11k▼
2024 · €17k
Solvency
19.5%▼
2024 · 28.2%
Current ratio
1.87▼
2024 · 4.66
Quick ratio
0.81▼
2024 · 2.19
Debt / equity
4.13▲
2024 · 2.55
ROE
-5.1%▼
2024 · 3.9%
ROA
-1.0%▼
2024 · 1.1%
Interest coverage
2.03▲
2024 · 1.77
Debt
€275k▲
2024 · €236k
Debt ≤ 1 year
€41k▲
2024 · €15k
Debt > 1 year
€233k▲
2024 · €220k
Income taxes
€2k▲
2024 · €-2k
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€328k€341k▲
Fixed assets21/28€257k€264k▲
Tangible fixed assets22/27€257k€264k▲
Land and buildings22€248k€237k▼
Plant, machinery and equipment23€3k€25k▲
Furniture and vehicles24€5k€3k▼
Current assets29/58€71k€77k▲
Stocks and contracts in progress3€38k€44k▲
Stocks30/36€19k€19k▼
Contracts in progress37€19k€25k▲
Amounts receivable within one year40/41€11k€29k▲
Trade receivables40€3k€9k▲
Other amounts receivable41€8k€20k▲
Cash at bank and in hand54/58€13k€280▼
Deferred charges and accrued income490/1€9k€4k▼
Equity and liabilities
Total equity and liabilities10/49€328k€341k▲
Equity10/15€92k€67k▼
Contributions10/11€19k€19k=
Reserves13€74k€51k▼
Distributable reserves133€74k€51k▼
Profit (loss) carried forward14-€-3k
Amounts payable17/49€236k€275k▲
Amounts payable after more than one year17€220k€233k▲
Financial debts170/4€220k€233k▲
Amounts payable within one year42/48€15k€41k▲
Current portion of amounts payable after more than one year42€10k€15k▲
Trade debts44€1k-
Suppliers440/4€1k-
Taxes, remuneration and social security45€683€5k▲
Taxes450/3€683€5k▲
Other amounts payable47/48€3k€21k▲
Income statement
Code20242025
Remuneration, social security and pensions62€4k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€14k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€32k€26k▼
Operating profit (loss)9901€13k€10k▼
Financial income75/76B€3k€55▼
Recurring financial income75€3k€55▼
Financial charges65/66B€15k€12k▼
Recurring financial charges65€15k€12k▼
Profit (loss) for the period before taxes9903€1k€-2k▼
Income taxes67/77€-2k€2k▲
Profit (loss) for the period9904€4k€-3k▼
Profit (loss) for the period to be appropriated9905€4k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€-3k▼
Profit (loss) brought forward from the previous period14P€-2k-
Transfer from equity791/2-€23k
Transfer to equity691/2€1k-
To other reserves6921€1k-
Profit to be distributed694/7-€23k
Return on contributions (dividend)694-€23k
The notes to these accounts (9 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
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
31-12
Financial
Weakest financial yearnet €-3k ▼194%
Net result drops to €-3k, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 4.66
Current ratio from 1.85 to 4.66; short-term debt falls from €58k to €15k.
03-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 34 days late
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €35k ▲159%
Operating result €40k, net result €35k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Merksplas · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Industrieweg D102330 MerksplasGround area
3.2 ha
Building footprint
1,978 m²
Volume, LiDAR
11,273 m³
Parcel 13023G0169/00V005, Flanders · tallest building 18.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Industrieweg D10, 2330 Merksplas
since 19932.064.508.408
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13023G0169/00V005 | Flanders | 3.2 ha | 1 · 1,978 m² | 18.0 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,730 EUR awarded · 2,730 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,730 EUR | 2,730 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,042 companies in sector 43221 we hold annual accounts for 3,469. 3,032 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-11-1993
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
46831Wholesale of construction materials, general range
51532
43331Floor and wall tiling
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.