VAN DE VELDE KATRIEN
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-04-2026 PDF all 24 filings
Turnover
≈ €19,000
Estimated: probably between €14,000 and €30,000
Total assets
€242,612▼ 8.1%
2024 · €264,136
Net result
€1,652▼ 93.8%
2024 · €26,516
Working capital
€235,501▲ 0.8%
2024 · €233,551
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€1,973
▼ 92.1%
2025
20192025
Net result
€1,652
▼ 93.8%
2025
lowest quarter of the sector
20192025
Equity
€231,976
▲ 0.7%
2025
middle half of the sector
20192025
Total assets
€242,612
▼ 8.1%
2025
middle half of the sector
20192025
Debt
€10,636
▼ 68.5%
2025
20192025
Working capital
€235,501
▲ 0.8%
2025
highest quarter of the sector
20192025
Solvency
95.6%
▲ 8.4pp
2025
highest quarter of the sector
20192025
Current ratio
34.35
▲ 25.71
2025
highest quarter of the sector
20192025
Return on assets (ROA)
0.7%
▼ 9.4pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€34,476-€66,218▲ 92.1%-€2,490-€7,290▼ 193%-€2,842▲ 61.0%€25,077€1,973▼ 92.1%
Net result-€15,106-€164,594within the sector's middle half€8,163below the sector's middle half▼ 95.0%-€16,061below the sector's middle half€2,145below the sector's middle half€26,516within the sector's middle half▲ 12×€1,652below the sector's middle half▼ 93.8%
Equity€509,506-€674,100within the sector's middle half▲ 32.3%€682,263within the sector's middle half▲ 1.2%€371,002within the sector's middle half▼ 45.6%€322,602above the sector's middle half▼ 13.0%€230,324within the sector's middle half▼ 28.6%€231,976within the sector's middle half▲ 0.7%
Total assets€519,771-€724,238within the sector's middle half▲ 39.3%€699,937within the sector's middle half▼ 3.4%€372,842below the sector's middle half▼ 46.7%€337,183within the sector's middle half▼ 9.6%€264,136within the sector's middle half▼ 21.7%€242,612within the sector's middle half▼ 8.1%
Debt€10,265-€50,138▲ 388%€17,674▼ 64.7%€1,841▼ 89.6%€14,581▲ 692%€33,812▲ 132%€10,636▼ 68.5%
Working capital€510,514-€654,289above the sector's middle half▲ 28.2%€667,392above the sector's middle half▲ 2.0%€361,419within the sector's middle half▼ 45.8%€317,959above the sector's middle half▼ 12.0%€233,551above the sector's middle half▼ 26.5%€235,501above the sector's middle half▲ 0.8%
Solvency98.0%-93.1%above the sector's middle half▼ 4.9pp97.5%above the sector's middle half▲ 4.4pp99.5%above the sector's middle half▲ 2.0pp95.7%above the sector's middle half▼ 3.8pp87.2%above the sector's middle half▼ 8.5pp95.6%above the sector's middle half▲ 8.4pp
Current ratio56.45-14.05above the sector's middle half▼ 42.4038.76above the sector's middle half▲ 24.7123.34above the sector's middle half8.65above the sector's middle half▼ 14.6934.35above the sector's middle half▲ 25.71
Return on assets (ROA)-2.9%-22.7%above the sector's middle half▲ 25.6pp1.2%below the sector's middle half▼ 21.6pp-4.3%below the sector's middle half▼ 5.5pp0.6%below the sector's middle half▲ 4.9pp10.0%within the sector's middle half▲ 9.4pp0.7%below the sector's middle half▼ 9.4pp
above
within
below
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 92% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €242,612
Fixed assets
€50 =
Current assets
€242,562 ▼ 8.2%
Equity and liabilities €242,612
Equity
€231,976 ▲ 0.7%
Debt
€10,636 ▼ 68.5%
Debt's share of the balance-sheet total falls from 12.8% to 4.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1,973▼
2024 · €30,017
Cash flow
€1,652▼
2024 · €31,456
Debt to equity
0.05▼
2024 · 0.15
ROE
0.7%▼
2024 · 11.5%
Interest coverage
11.82▲
2024 · -6.10
Debt ≤ 1 year
€7,061▼
2024 · €30,535
Income taxes
€1,293▼
2024 · €10,472
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Subsidies and aid
Flemish government
2024 · 1 entry · €126 awarded · €126 paidAnnual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,452 | €4,940 | €4,940 | €4,940 | €4,940 | €4,940 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | €1,357 | €1,527 | €1,466 | €1,572 | €2,000 | ▲ 27.3% |
| Gross operating margin9900 | €40,856 | €74,268 | €3,807 | -€823 | €3,564 | €31,589 | €3,974 | ▼ 87.4% |
| Operating profit (loss)9901 | €34,476 | €66,218 | -€2,490 | -€7,290 | -€2,842 | €25,077 | €1,973 | ▼ 92.1% |
| Financial income75/76B | - | - | €14,925 | €4,621 | €2,028 | €6,986 | €1,139 | ▼ 83.7% |
| Recurring financial income75 | €7,231 | €13,038 | €14,925 | €4,621 | €2,028 | €6,986 | €1,139 | ▼ 83.7% |
| Financial charges65/66B | - | - | €155 | €13,158 | -€3,052 | -€4,925 | €167 | - |
| Recurring financial charges65 | €391 | €130 | €155 | €13,158 | -€3,052 | -€4,925 | €167 | - |
| Profit (loss) for the period before taxes9903 | -€6,506 | €197,352 | €12,279 | -€15,826 | €2,238 | €36,988 | €2,946 | ▼ 92.0% |
| Income taxes67/77 | €8,600 | €32,758 | €4,117 | €235 | €93 | €10,472 | €1,293 | ▼ 87.6% |
| Profit (loss) for the period9904 | -€15,106 | €164,594 | €8,163 | -€16,061 | €2,145 | €26,516 | €1,652 | ▼ 93.8% |
| Profit (loss) for the period to be appropriated9905 | -€15,106 | €164,594 | €8,163 | -€16,061 | €2,145 | €26,516 | €1,652 | ▼ 93.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €519,771 | €724,238 | €699,937 | €372,842 | €337,183 | €264,136 | €242,612 | ▼ 8.1% |
| Fixed assets21/28 | €50 | €19,811 | €14,871 | €9,930 | €4,990 | €50 | €50 | = |
| Tangible fixed assets22/27 | €0 | €19,761 | €14,821 | €9,880 | €4,940 | €0 | - | - |
| Furniture and vehicles24 | - | - | €14,821 | €9,880 | €4,940 | €0 | - | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €519,721 | €704,427 | €685,066 | €362,912 | €332,193 | €264,086 | €242,562 | ▼ 8.2% |
| Amounts receivable after more than one year29 | - | - | €340,000 | €0 | - | - | €50,000 | - |
| Other amounts receivable291 | - | - | €340,000 | €0 | - | - | €50,000 | - |
| Amounts receivable within one year40/41 | €26,338 | €4,320 | €6,931 | €8,884 | €6,359 | €8,817 | €20,287 | ▲ 130% |
| Trade receivables40 | - | - | €6,931 | €0 | €6,026 | €8,817 | €5,244 | ▼ 40.5% |
| Other amounts receivable41 | - | - | - | €8,884 | €333 | €0 | €15,043 | - |
| Current investments50/53 | €269,588 | €357,000 | €337,500 | €353,340 | €323,178 | €250,000 | €167,558 | ▼ 33.0% |
| Cash at bank and in hand54/58 | €23,795 | €1,896 | €635 | €688 | €1,197 | €2,742 | €3,807 | ▲ 38.8% |
| Deferred charges and accrued income490/1 | - | - | €0 | - | €1,458 | €2,526 | €911 | ▼ 63.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €519,771 | €724,238 | €699,937 | €372,842 | €337,183 | €264,136 | €242,612 | ▼ 8.1% |
| Equity10/15 | €509,506 | €674,100 | €682,263 | €371,002 | €322,602 | €230,324 | €231,976 | ▲ 0.7% |
| Contributions10/11 | €313,800 | - | €313,800 | €18,600 | €18,600 | €100 | €100 | = |
| Reserves13 | €210,812 | €360,300 | €368,463 | €368,463 | €315,660 | €230,224 | €231,876 | ▲ 0.7% |
| Non-distributable reserves130/1 | - | - | €9,760 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €9,760 | €0 | - | - | - | - |
| Distributable reserves133 | - | - | €358,702 | €368,463 | €315,660 | €230,224 | €231,876 | ▲ 0.7% |
| Profit (loss) carried forward14 | -€15,106 | - | - | -€16,061 | -€11,658 | €0 | €0 | - |
| Amounts payable17/49 | €10,265 | €50,138 | €17,674 | €1,841 | €14,581 | €33,812 | €10,636 | ▼ 68.5% |
| Amounts payable within one year42/48 | €9,208 | €50,138 | €17,674 | €1,493 | €14,234 | €30,535 | €7,061 | ▼ 76.9% |
| Trade debts44 | €518 | €1,794 | €1,802 | €1,493 | €1,614 | €394 | €189 | ▼ 52.0% |
| Suppliers440/4 | - | - | €1,802 | €1,493 | €1,614 | €394 | €189 | ▼ 52.0% |
| Taxes, remuneration and social security45 | - | - | €15,597 | €0 | €2,116 | €16,212 | €6,871 | ▼ 57.6% |
| Taxes450/3 | - | - | €15,597 | €0 | €2,116 | €16,212 | €6,871 | ▼ 57.6% |
| Other amounts payable47/48 | - | - | €275 | €0 | €10,504 | €13,928 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €348 | €348 | €3,277 | €3,575 | ▲ 9.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,106 | €164,594 | €8,163 | -€16,061 | €2,145 | €26,516 | €1,652 | ▼ 93.8% |
| + Depreciation and write-downs630 | €4,452 | €4,940 | €4,940 | €4,940 | €4,940 | €4,940 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€10,654 | €169,534 | €13,103 | -€11,121 | €7,085 | €31,456 | €1,652 | ▼ 94.7% |
| Investment in fixed assets (approximation) | - | -€24,701 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€21,899 | -€1,261 | €53 | €510 | €1,545 | €1,065 | ▼ 31.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as VAN DE VELDE KATRIEN has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VAN DE VELDE KATRIEN itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 17,041 companies, not a prediction for VAN DE VELDE KATRIEN. 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.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 30-04-2026 | 2026-00097046 | |
| 30-09-2024 | micro format | 04-12-2024 | 2024-00609619 | |
| 30-09-2023 | micro format | 23-03-2024 | 2024-00048225 | |
| 30-09-2022 | abbreviated format | 15-03-2023 | 2023-00039763 | |
| 30-09-2021 | abbreviated format | 27-04-2022 | 2022-20009687 | |
| 30-09-2020 | abbreviated format | 24-04-2021 | 2021-11200530 | |
| 30-09-2019 | abbreviated format | 13-04-2020 | 2020-09100007 | |
| 30-09-2018 | abbreviated format | 31-03-2019 | 2019-08900100 | |
| 30-09-2017 | abbreviated format | 31-05-2018 | 2018-16300309 | |
| 30-09-2016 | abbreviated format | 24-04-2017 | 2017-09800552 |