VAN DER SPEK
ActiveVAN DER SPEK has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €37.24M and a net result of €-29k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 61% of 6593 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
71
/ 100
Healthy▼ -6 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability35▼-5
Solvency78▲+14
Growth43=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.28 in 2023), but 58% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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
42%
Return on assets
0%
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 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
33 d early
2022
41 d early
2021
40 d early
2020
40 d early
2019
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€83.87M▼ 3.4%
2023 · €86.82M
2018: €98.56M
2019: €93.72M
2020: €89.44M
2021: €96.85M
2022: €92.23M
2023: €86.82M
2018 → 2024
EBIT margin
2.3%▼ 0.5pp
2023 · 2.8%
2018: 5.9%
2019: 5.0%
2020: 5.0%
2021: 8.2%
2022: 7.2%
2023: 2.8%
2018 → 2024
Net result
€-29k
2023 · €287k
2018: €3.48M
2019: €2.57M
2020: €2.82M
2021: €5.21M
2022: €4.26M
2023: €287k
2018 → 2024
Working capital
€12.48M▲ 80.9%
2023 · €6.90M
2018: €-541k
2019: €6.23M
2020: €-658k
2021: €3.88M
2022: €-1.34M
2023: €6.90M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€89.44M-€96.85M▲ 8.3%€92.23M▼ 4.8%€86.82M▼ 5.9%€83.87M▼ 3.4%
Equity€27.51M-€32.72M▲ 18.9%€36.98M▲ 13.0%€37.27M▲ 0.8%€37.24M▼ 0.1%
Operating result€4.48M-€7.98M▲ 78.2%€6.60M▼ 17.4%€2.44M▼ 63.0%€1.96M▼ 19.7%
Net result€2.82M-€5.21M▲ 84.5%€4.26M▼ 18.2%€287k▼ 93.3%€-29k
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 20% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €88.67M
Fixed assets
€56.33M▼ 19.7%
Current assets
€32.34M▲ 1.7%
Equity and liabilities €88.67M
Equity
€37.24M▼ 0.1%
Provisions
€1.12M▼ 25.9%
Debt
€50.32M▼ 20.4%
The debt ratio falls from 62.0% to 56.7%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€13.49M▼
2023 · €15.33M
Cash flow
€11.50M▼
2023 · €13.18M
Solvency
42.0%▲
2023 · 36.5%
Current ratio
1.63▲
2023 · 1.28
Quick ratio
1.12▲
2023 · 0.82
Debt / equity
1.35▼
2023 · 1.70
ROE
-0.1%▼
2023 · 0.8%
ROA
0.0%▼
2023 · 0.3%
Interest coverage
7.10▼
2023 · 7.82
Debt
€50.32M▼
2023 · €63.20M
Debt ≤ 1 year
€19.86M▼
2023 · €24.89M
Debt > 1 year
€18.99M▼
2023 · €27.35M
Income taxes
€194k▼
2023 · €277k
Staff costs
€12.47M▲
2023 · €11.83M
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€101.97M€88.67M▼
Fixed assets21/28€70.18M€56.33M▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€70.18M€56.32M▼
Land and buildings22€3.60M€3.30M▼
Plant, machinery and equipment23€23.89M€23.52M▼
Furniture and vehicles24€214k€202k▼
Leasing and similar rights25€42.47M€29.30M▼
Current assets29/58€31.79M€32.34M▲
Stocks and contracts in progress3€11.33M€10.19M▼
Stocks30/36€11.33M€10.19M▼
Goods purchased for resale34€9.15M€10.19M▲
Advance payments36€2.19M-
Amounts receivable within one year40/41€19.50M€17.47M▼
Trade receivables40€19.09M€17.26M▼
Other amounts receivable41€408k€209k▼
Cash at bank and in hand54/58€63k€3.74M▲
Deferred charges and accrued income490/1€895k€941k▲
Equity and liabilities
Total equity and liabilities10/49€101.97M€88.67M▼
Equity10/15€37.27M€37.24M▼
Contributions10/11€363k€363k=
Capital10€363k€363k=
Issued capital100€363k€363k=
Reserves13€7.50M€7.17M▼
Non-distributable reserves130/1€42k€42k=
Legal reserve130€36k€36k=
Other1319€6k€6k=
Tax-exempt reserves132€5.82M€4.92M▼
Distributable reserves133€1.64M€2.21M▲
Profit (loss) carried forward14€29.41M€29.70M▲
Provisions and deferred taxes16€1.51M€1.12M▼
Provisions for liabilities and charges160/5€687k€407k▼
Other liabilities and charges164/5€687k€407k▼
Deferred taxes168€818k€708k▼
Amounts payable17/49€63.20M€50.32M▼
Amounts payable after more than one year17€27.35M€18.99M▼
Financial debts170/4€27.35M€18.99M▼
Leasing and similar obligations172€25.66M€17.54M▼
Credit institutions173€1.69M€1.46M▼
Amounts payable within one year42/48€24.89M€19.86M▼
Current portion of amounts payable after more than one year42€9.55M€6.92M▼
Financial debts43€1.92M€1.24M▼
Credit institutions430/8€1.92M€1.24M▼
Trade debts44€9.65M€8.71M▼
Suppliers440/4€9.65M€8.71M▼
Taxes, remuneration and social security45€3.77M€2.97M▼
Taxes450/3€2.30M€1.37M▼
Remuneration and social security454/9€1.47M€1.61M▲
Other amounts payable47/48-€15k
Accrued charges and deferred income492/3€10.96M€11.46M▲
Income statement
Code20232024
Operating income70/76A€95.50M€91.31M▼
Turnover70€86.82M€83.87M▼
Other operating income74€8.68M€7.44M▼
Operating charges60/66A€93.06M€89.35M▼
Goods for resale, raw materials and consumables60€58.91M€56.61M▼
Purchases600/8€62.20M€57.76M▼
Change in stocks: decrease (increase)609€-3.30M€-1.15M▲
Services and other goods61€9.05M€8.76M▼
Remuneration, social security and pensions62€11.83M€12.47M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12.89M€11.53M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€39k€140k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€191k€-280k▼
Other operating charges640/8€147k€118k▼
Operating profit (loss)9901€2.44M€1.96M▼
Financial income75/76B€19k€53k▲
Recurring financial income75€19k€53k▲
Other financial income752/9€19k€53k▲
Financial charges65/66B€2.00M€1.96M▼
Recurring financial charges65€2.00M€1.96M▼
Debt charges650€1.96M€1.90M▼
Other financial charges652/9€39k€59k▲
Profit (loss) for the period before taxes9903€462k€55k▼
Transfer from deferred taxes780€102k€110k▲
Income taxes67/77€277k€194k▼
Taxes670/3€310k€194k▼
Tax adjustments and reversals of tax provisions77€33k-
Profit (loss) for the period9904€287k€-29k▼
Transfer from tax-exempt reserves789€972k€894k▼
Profit (loss) for the period to be appropriated9905€1.26M€865k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30.07M€30.27M▲
Profit (loss) brought forward from the previous period14P€28.81M€29.41M▲
Transfer to equity691/2€664k€565k▼
To other reserves6921€664k€565k▼
Social balance
Average headcount (FTE)9087119.3117.9▼
The notes to these accounts (82 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-29k ▼110%
Net result drops to €-29k, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €5.21M ▲84.5%
Operating result €7.98M, net result €5.21M, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €25MEq €27.51M ▲11.4%
3 profitable years in a row build equity to €27.51M.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
15 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, Ternat · 1 establishment unit since 1983
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.
Industrielaan 101740 TernatGround area
1.8 ha
Building footprint
4,279 m²
Volume, LiDAR
34,130 m³
Parcel 23086B0341/00L002, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VAN DER SPEK NV
since 19832.023.599.746
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086B0341/00L002 | Flanders | 1.8 ha | 1 · 4,279 m² | 12.0 m · 3 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
2022 to 2025 · 6 entries · 24,334 EUR awarded · 24,334 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 18,841 EUR | 18,841 EUR |
| 2024 | 2 | 2,511 EUR | 2,511 EUR |
| 2023 | 1 | 1,278 EUR | 1,278 EUR |
| 2022 | 1 | 1,704 EUR | 1,704 EUR |
Schemes
Individueel Maatwerk
Vlaams opleidingsverlof (VOV)
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Dual-learning approval
7 live approvals · 2 endedElektromecanicien (vwo)
Elektromecanicien duaal (so)
Elektromechanische technieken duaal (so)
Hoeknaadlasser duaal (so)
Lassen-constructie duaal (so)
Lasser-monteerder (vwo)
Show 1 more
Lasser-monteerder duaal (so)
Legal Entity Identifier
549300Q2KV3NYNWSXS04
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Of 388 companies in sector 46630 we hold annual accounts for 276. 39 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-12-1983
Fiscal year end31-12
Activities, NACEBEL
47812Retail trade
46630Wholesale trade
33110Repair and maintenance of fabricated metal products
45194
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
46713Wholesale trade
77320Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:evip@vanderspek-bel.com