Skip to content

VAN DE VOORDE

Active
Private limited company (pre-2019)founded 198640 years activeSint-Stevenstraat 54, 9060 Zelzate, BelgiumKBO/BCE: BE 0429.163.434
Summary

The computed 12-month bankruptcy probability of VAN DE VOORDE is 6.5% (elevated). The 2024 annual accounts show negative equity (-€88,511) and a net result of €273,572. Equity is shrinking by ~50.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 36,396 sector peers (NACE 43, fiscal year 2024). The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Plumbing work
NACE 43221Installation of electric heating, air conditioning, cooling and ventilation NACE 43222
#4 oldest company in Zelzate, Construction sector1 site
Size
€11,063total assets 2024
Staff
1 FTE
Equity
-€88,511
Profit
€273,572
Turnover not published (abridged schema)
Financial health
36 Weak Checked score 2024
Bankruptcy probability, 12 months
6.5%
Structure
Accounts 68 days overdue0 of 2 deeds read
Why 36- 1 change of registered office in 24 months- Figures for FY 2024 (filed 02-09-2025)- Sector Specialised construction activities (NACE 43)- Liquidity: current ratio 0.34, cash €7, halvedShow the evidence

Checked score

Score 2024
36 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 46% of its sector peers (NACE 43, micro)
Financial strength · tick = 2023
Weak
Solvency 0=
equity -800.1% of total assets
Liquidity 0-1
short-term debt 268.2% · cash 0.1%
Profitability 100+100
return on assets 2472.8%
Bankruptcy probability, 12 months
6.5% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,513 companies)
Last 24 months 11-2024: 3.4% 12-2024: 3.4%● unchanged vs 11-2024 01-2025: 3.4%● unchanged vs 12-2024 02-2025: 3.4%● unchanged vs 01-2025 03-2025: 6.7%▲ +3.3 percentage points vs 02-2025 04-2025: 6.9%▲ +0.2 percentage points vs 03-2025 05-2025: 6.9%● unchanged vs 04-2025 06-2025: 6.7%▼ -0.2 percentage points vs 05-2025 07-2025: 7.2%▲ +0.5 percentage points vs 06-2025 08-2025: 7.3%▲ +0.1 percentage points vs 07-2025highest value 09-2025: 7.3%● unchanged vs 08-2025 10-2025: 3.1%▼ -4.2 percentage points vs 09-2025 11-2025: 3.1%● unchanged vs 10-2025 12-2025: 3.1%● unchanged vs 11-2025 01-2026: 3.1%● unchanged vs 12-2025 02-2026: 3.1%● unchanged vs 01-2026 03-2026: 3.1%● unchanged vs 02-2026lowest value 04-2026: 3.2%▲ +0.1 percentage points vs 03-2026 05-2026: 3.6%▲ +0.4 percentage points vs 04-2026 06-2026: 3.5%▼ -0.1 percentage points vs 05-2026 07-2026: 3.9%▲ +0.4 percentage points vs 06-2026 08-2026: 4.6%▲ +0.7 percentage points vs 07-2026 09-2026: 5.2%▲ +0.6 percentage points vs 08-2026 10-2026: 6.5%▲ +1.3 percentage points vs 09-2026
No credit on open account
Liquidity short (current ratio 0.34 against 0.05 in 2023; short-term debt: 268.2% and cash: 0.1% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 3% on solvency, 1% on liquidity, 93% on profitability and 88% on growth.

The bankruptcy probability was computed on 06-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals.
+raises risk○neutral
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
raises risk · Figures for FY 2024 (filed 02-09-2025)
NBB · annual accounts
raises risk · Sector Specialised construction activities (NACE 43)
KBO
raises risk · Liquidity: current ratio 0.34, cash €7, halved
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 36396 sector peers (2024).
NBB · sector comparison
Position among 36396 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 filings
Deviation from the deadline
2025
not confirmed
2024
29 days late
2023
61 days late
2022
24 days late
2021
365 days late
2020
702 days late
2019
8 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 196 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Back to profitnet €273,572
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€88,511 View
  • Caution: Among the weakest 5% on solvencysector median 46.6% · 36,396 companies -800.1% View
  • Positive: Back in profit in 2024after -€55,625 in 2023 €273,572 View
  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View

By topic

Financials

Fiscal year
2024
Total assets
€11,063
Profit
€273,572
Solvency
-800.1%
Total assets▼ 94.1%
Net result
20182024
Go to Financials

Timeline

Events
12
Since
2016
  1. 24-08-2023Annual accounts filed
  2. 31-07-2023Annual accounts filed
  3. 03-07-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Plumbing workNACE 43221
Founded
30-06-1986
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.