Van De Kar
ActiveVan De Kar has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €808k and a net result of €302k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 45% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability87▲+54
Solvency65▲+15
Growth58=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.24 in 2023; short-term debt: 60.1% and cash: 18.4% of total assets), and 60.1% 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 · 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
39.9%
Return on assets
14.9%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €808k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-10-2025, 83 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
not confirmed
2024
83 d late
2023
57 d late
2022
92 d late
2021
31 d late
2020
31 d late
2019
69 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€808k▲ 59.7%
2023 · €506k
2018: €1.36M
2019: €1.36M
2020: €8k
2021: €288k
2022: €280k
2023: €506k
2018 → 2024
Total assets
€2.02M▲ 0.9%
2023 · €2.01M
2018: €1.46M
2019: €1.44M
2020: €1.60M
2021: €1.68M
2022: €1.86M
2023: €2.01M
2018 → 2024
Net result
€302k▲ 33.4%
2023 · €226k
2018: €-8k
2019: €-1k
2020: €32k
2021: €280k
2022: €-9k
2023: €226k
2018 → 2024
Working capital
€-825k▲ 27.2%
2023 · €-1.13M
2018: €-49k
2019: €-41k
2020: €-1.53M
2021: €-1.31M
2022: €-1.36M
2023: €-1.13M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€8k-€288k▲ 3,472%€280k▼ 3.1%€506k▲ 81.0%€808k▲ 59.7%
Operating result€-19k-€-19k▼ 1.7%€-8k▲ 56.7%€-22k▼ 167%€1k
Net result€32k-€280k▲ 778%€-9k€226k€302k▲ 33.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €1k after a loss of €22k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.02M
Fixed assets
€1.63M▼ 0.4%
Current assets
€391k▲ 6.9%
Equity and liabilities €2.02M
Equity
€808k▲ 59.7%
Debt
€1.22M▼ 18.9%
The debt ratio falls from 74.8% to 60.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8k▲
2023 · €-16k
Cash flow
€308k▲
2023 · €233k
Solvency
39.9%▲
2023 · 25.2%
Current ratio
0.32▲
2023 · 0.24
Quick ratio
0.32▲
2023 · 0.24
Debt / equity
1.51▼
2023 · 2.96
ROE
37.4%▼
2023 · 44.7%
ROA
14.9%▲
2023 · 11.3%
Interest coverage
20.56▲
2023 · -7.24
Debt
€1.22M▼
2023 · €1.50M
Debt ≤ 1 year
€1.22M▼
2023 · €1.50M
Income taxes
€74▲
2023 · €62
Staff costs
€63k▲
2023 · €52k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.01M€2.02M▲
Formation expenses20€551€551=
Fixed assets21/28€1.64M€1.63M▼
Tangible fixed assets22/27€255k€249k▼
Land and buildings22€180k€175k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€2k€2k▼
Assets under construction and advance payments27€70k€70k=
Financial fixed assets28€1.38M€1.38M=
Current assets29/58€366k€391k▲
Amounts receivable within one year40/41€32k€18k▼
Trade receivables40€6k€8k▲
Other amounts receivable41€26k€10k▼
Cash at bank and in hand54/58€334k€372k▲
Equity and liabilities
Total equity and liabilities10/49€2.01M€2.02M▲
Equity10/15€506k€808k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€505k€807k▲
Amounts payable17/49€1.50M€1.22M▼
Amounts payable within one year42/48€1.50M€1.22M▼
Trade debts44€364€206▼
Suppliers440/4€364€206▼
Taxes, remuneration and social security45€14k€5k▼
Taxes450/3€11k€273▼
Remuneration and social security454/9€3k€5k▲
Other amounts payable47/48€1.49M€1.21M▼
Income statement
Code20232024
Remuneration, social security and pensions62€52k€63k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€37k€72k▲
Operating profit (loss)9901€-22k€1k▲
Financial income75/76B€251k€301k▲
Recurring financial income75€251k€301k▲
Financial charges65/66B€2k€367▼
Recurring financial charges65€2k€367▼
Profit (loss) for the period before taxes9903€226k€302k▲
Income taxes67/77€62€74▲
Profit (loss) for the period9904€226k€302k▲
Profit (loss) for the period to be appropriated9905€226k€302k▲
Appropriation of the result
Profit (loss) to be appropriated9906€505k€807k▲
Profit (loss) brought forward from the previous period14P€279k€505k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 83 days late
2024
31-12
Financial
Highest result since 2018net €302k ▲33.4%
Operating result €1k, net result €302k, both a record.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 57 days late
2023
31-12
Financial
Back to profitnet €226k
Net result €226k after one loss-making year.
31-12
Financial
Equity above €500kEq €506k ▲81%
Equity rises from €280k to €506k.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 92 days late
2022
31-12
Financial
Weakest financial yearnet €-9k ▼103%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Equity above €200kEq €288k ▲3472%
2 profitable years in a row build equity to €288k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Back to profitnet €32k
Net result €32k after 2 loss-making years.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Essen · 2 establishment units since 2017
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.
Kraaienberg 1242910 EssenGround area
4,882 m²
Building footprint
1,929 m²
Volume, LiDAR
1,061 m³
2 parcels, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Van De Kar
since 20172.260.091.981
Rijkmakerlaan 24, 2910 Essen
since 20232.341.203.579
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11016B0717/00T004 | Flanders | 3,054 m² | 1 · 1,712 m² | 0.1 m |
| 11016B0045/00H000 | Flanders | 1,828 m² | 1 · 217 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 5,272 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2016
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
42220Construction of utility projects for electricity and telecommunications
43240Other construction installation
43299Specialised construction activities
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.