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VAN DER SPEK

Active
Public limited companyfounded 1983active for 42 yearsIndustrielaan 10, 1740 Ternat, BelgiumKBO/BCE: BE 0424.898.107
Summary

VAN DER SPEK has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39.3m and a net result of €2.1m. Equity is growing by about 7.2% per year across the filed financial years. Its solvency ranks better than 59% of 5,025 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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VAN DER SPEKActiveChecked score 91/100
Risk analysis ReportCompare

Overview

Activity
Retail trade
NACE 47812Wholesale trade NACE 46630
Largest company by total assets in Ternat, Wholesale and retail trade sector1 site
Size
€92.7mturnover 2025
Staff
117.4 FTE
Equity
€39.3m
Profit
€2.1m
Financial health
91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
B.V. CONSTRUCTION MACHINERY BULL TRACK
Auditor: Clybouw Bedrijfsrevisoren bvba2025 accounts 39 days early3 of 15 deeds summarised
Why 91raises riskLiquidity: current ratio 1.54, cash €2.9mSector: Retail trade (NACE 47)lowers riskFounded in 1983Equity €39.3m (44.1% of total assets)Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 69% of its sector peers (NACE 47, medium-sized)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 69+2
equity 44.1% of total assets
Liquidity 46-2
short-term debt 22.3% · cash 3.3%
Profitability 74=
return on assets 2.3%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (384 companies, NACE 47, medium-sized)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.2%▼ -0.1 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026lowest value 03-2026: 0.2%● unchanged vs 02-2026lowest value 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026 09-2026: 0.5%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 0.2%▼ -0.3 percentage points vs 09-2026
Credit of up to €3,550,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.54, compared with 1.63 in 2024, above the usual 1.5; short-term debt: 22.3% and cash: 3.3% of total assets), but 55.9% of the assets are financed with debt and provisions.
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 47, medium-sized): better than 70% on solvency, 63% on liquidity, 76% on profitability and 66% on growth.

The bankruptcy probability was computed on 28-10-2026 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).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.54, cash €2.9m
NBB · annual accounts
lowers risk · Founded in 1983
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Retail trade (NACE 47)
KBO
lowers risk · Equity €39.3m (44.1% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
39 days early
2024
38 days early
2023
33 days early
2022
41 days early
2021
40 days early
2020
40 days early
2019
39 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 39 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Back to profitnet €2.1m
  3. Reappointments: Erik Van Audenrode, Danny Dedobbeleer…Permanent representative: Arnaud Clybouw

Key points

  • Positive: Back in profit in 2025after -€29,404 in 2024 €2.1m View
  • Positive: Largest company by total assets in Ternat, Wholesale and retail trade sectorin the Checked rankings No. 1 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by B.V. CONSTRUCTION MACHINERY BULL… parent View

By topic

Financials

Financial year
2025
Turnover
€92.7m
Profit
€2.1m
Solvency
44.1%
Turnover▲ 10.5%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
Parent
B.V. CONSTRUCTION MACHINERY BULL…
Auditor
Clybouw Bedrijfsrevisoren bvba
  • Vanman Coneq SolutionsDirector
  • Danny DedobbeleerManaging director
  • Erik Van AudenrodeManaging director
Go to Board & ownership

Timeline

Events
49
Since
1985
Next accounts
by 31-07-2027
  1. 23-06-2025Annual accounts filed
  2. 10-02-2025Appointment: Vanman Coneq Solutions bv (director)
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Retail tradeNACE 47812
Founded
02-12-1983
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about VAN DER SPEK

What is the company number of VAN DER SPEK?
0424.898.107. In Belgium the VAT number is the company number with BE in front: BE 0424.898.107.
Where is VAN DER SPEK based?
The registered office is at Industrielaan 10, 1740 Ternat.Company details
What does VAN DER SPEK do?
According to the KBO register, the main activity is retail trade (NACE 47812).
What is the legal form of VAN DER SPEK?
Public limited company (NV).
When was VAN DER SPEK founded?
On 02-12-1983.
Is VAN DER SPEK still active?
Yes, VAN DER SPEK is an active enterprise in the KBO register.
How many employees does VAN DER SPEK have?
On average 117.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of VAN DER SPEK?
€92.7m in financial year 2025, according to the filed annual accounts.
Is VAN DER SPEK profitable?
In financial year 2025, VAN DER SPEK made a profit of €2.1m.
Where can I find the annual accounts of VAN DER SPEK?
VAN DER SPEK filed 42 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of VAN DER SPEK due?
By 31-07-2027, for financial year 2026.Timeline

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