Van de Walle Frank
ActiveVan de Walle Frank has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €492k and a net result of €99k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 80% of 1074 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
98
/ 100
Excellent▼ -2 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+27
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 3.26 against 3.99 in 2023), and 28.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 81
Relative position
BE, all sectors
reference
Sector 81
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
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
71.4%
Return on assets
14.4%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
57 d early
2022
4 d early
2021
39 d early
2020
61 d late
2019
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€492k▼ 0.6%
2023 · €495k
2018: €185k
2019: €280k
2020: €358k
2021: €424k
2022: €464k
2023: €495k
2018 → 2024
Total assets
€690k▲ 10.6%
2023 · €623k
2018: €364k
2019: €433k
2020: €550k
2021: €581k
2022: €562k
2023: €623k
2018 → 2024
Net result
€99k▲ 37.1%
2023 · €73k
2018: €45k
2019: €96k
2020: €104k
2021: €104k
2022: €70k
2023: €73k
2018 → 2024
Working capital
€423k▲ 10.6%
2023 · €382k
2018: €196k
2019: €277k
2020: €326k
2021: €329k
2022: €376k
2023: €382k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€358k-€424k▲ 18.5%€464k▲ 9.4%€495k▲ 6.7%€492k▼ 0.6%
Operating result€150k-€143k▼ 4.3%€96k▼ 32.9%€98k▲ 1.8%€139k▲ 41.7%
Net result€104k-€104k▼ 0.1%€70k▼ 32.3%€73k▲ 3.5%€99k▲ 37.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 42% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €690k
Fixed assets
€80k▼ 29.5%
Current assets
€610k▲ 19.5%
Equity and liabilities €690k
Equity
€492k▼ 0.6%
Debt
€198k▲ 54.2%
The debt ratio rises from 20.5% to 28.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€175k▲
2023 · €133k
Cash flow
€136k▲
2023 · €107k
Solvency
71.4%▼
2023 · 79.5%
Current ratio
3.26▼
2023 · 3.99
Quick ratio
2.66▼
2023 · 3.47
Debt / equity
0.40▲
2023 · 0.26
ROE
20.2%▲
2023 · 14.6%
ROA
14.4%▲
2023 · 11.6%
Interest coverage
85.63▼
2023 · 85.91
Debt
€198k▲
2023 · €128k
Debt ≤ 1 year
€187k▲
2023 · €128k
Income taxes
€39k▲
2023 · €26k
Staff costs
€294k▲
2023 · €275k
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€623k€690k▲
Fixed assets21/28€113k€80k▼
Tangible fixed assets22/27€113k€79k▼
Plant, machinery and equipment23€42k€30k▼
Furniture and vehicles24€71k€50k▼
Financial fixed assets28€135€135=
Current assets29/58€510k€610k▲
Stocks and contracts in progress3€66k€113k▲
Stocks30/36€54k€44k▼
Contracts in progress37€12k€68k▲
Amounts receivable within one year40/41€53k€35k▼
Trade receivables40€51k€35k▼
Other amounts receivable41€2k€684▼
Cash at bank and in hand54/58€384k€454k▲
Deferred charges and accrued income490/1€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€623k€690k▲
Equity10/15€495k€492k▼
Contributions10/11€15k€15k=
Reserves13€436k€433k▼
Distributable reserves133€436k€433k▼
Profit (loss) carried forward14€44k€44k=
Amounts payable17/49€128k€198k▲
Amounts payable within one year42/48€128k€187k▲
Trade debts44€19k€25k▲
Suppliers440/4€19k€25k▲
Taxes, remuneration and social security45€31k€33k▲
Taxes450/3€29k€30k▲
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€78k€129k▲
Accrued charges and deferred income492/3-€10k
Income statement
Code20232024
Remuneration, social security and pensions62€275k€294k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€37k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€411k€473k▲
Operating profit (loss)9901€98k€139k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€99k€138k▲
Income taxes67/77€26k€39k▲
Profit (loss) for the period9904€73k€99k▲
Profit (loss) for the period to be appropriated9905€73k€99k▲
Appropriation of the result
Profit (loss) to be appropriated9906€116k€143k▲
Profit (loss) brought forward from the previous period14P€44k€44k=
Transfer from equity791/2€36k€96k▲
Transfer to equity691/2€68k€92k▲
To other reserves6921€68k€92k▲
Profit to be distributed694/7€41k€103k▲
Return on contributions (dividend)694€36k€96k▲
Directors or managers695€5k€7k▲
Social balance
Average headcount (FTE)90875.35.4▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Highest result since 2018net €104k ▲8.4%
Operating result €150k, net result €104k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Equity above €200kEq €280k ▲51.8%
2 profitable years in a row build equity to €280k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2022
VAN DE WALLE Frank
CurrentDirector · since 29-04-2022
VERMEIRE Lieve
CurrentDirector · since 29-04-2022
29-04-2022
VAN DE WALLE Frank: Resigned as Director
29-04-2022
VAN DE WALLE Frank: Appointed as Director
29-04-2022
VERMEIRE Lieve: Resigned as Director
29-04-2022
VERMEIRE Lieve: Appointed as Director
Not every act has been read: a resignation may be missing here
2 of this company's 2 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Maldegem · 1 establishment unit since 2006
Ground area
411 m²
Building footprint
104 m²
Volume, LiDAR
556 m³
Parcel 43322O0146/00D000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Van de Walle Frank
since 20062.155.182.820
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43322O0146/00D000indicative | Flanders | 411 m² | 1 · 104 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 21,144 companies in sector 81300 we hold annual accounts for 4,321. 2,633 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-2006
Fiscal year end31-12
Activities, NACEBEL
01410Raising of dairy cattle
81300Landscape service activities
47761Retail sale of flowers, plants, seeds and fertilisers
52483
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 07-09-2026. Scores and ratios are computed by Checked and are not a credit decision.