VAN DER SPIEGEL
ActiveVAN DER SPIEGEL has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €47k and a net result of €-5k. Equity is shrinking by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 68% of 7446 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability11▼-63
Solvency84▲+5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity ample (current ratio 3.01 against 2.38 in 2023; short-term debt: 32.8% and cash: 12.3% of total assets), and 41% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
59%
Return on assets
-6.4%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-09-2026, 398 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
398 d late
2023
293 d late
2022
633 d late
2021
3 d early
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€47k▼ 9.8%
2023 · €52k
2018: €105k
2019: €119k
2020: €61k
2021: €67k
2022: €48k
2023: €52k
2018 → 2024
Total assets
€79k▼ 17.0%
2023 · €96k
2018: €164k
2019: €182k
2020: €176k
2021: €93k
2022: €70k
2023: €96k
2018 → 2024
Net result
€-5k
2023 · €4k
2018: €7k
2019: €14k
2020: €-58k
2021: €6k
2022: €-19k
2023: €4k
2018 → 2024
Working capital
€52k▼ 3.8%
2023 · €54k
2018: €77k
2019: €96k
2020: €37k
2021: €60k
2022: €47k
2023: €54k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€61k-€67k▲ 10.5%€48k▼ 28.4%€52k▲ 7.6%€47k▼ 9.8%
Operating result€-57k-€7k€-19k€5k€-4k
Net result€-58k-€6k€-19k€4k€-5k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €4k after €5k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €79k
Fixed assets
€1k▼ 39.9%
Current assets
€78k▼ 16.6%
Equity and liabilities €79k
Equity
€47k▼ 9.8%
Debt
€33k▼ 25.6%
The debt ratio falls from 45.7% to 41.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▼
2023 · €8k
Cash flow
€-4k▼
2023 · €7k
Solvency
59.0%▲
2023 · 54.3%
Current ratio
3.01▲
2023 · 2.38
Quick ratio
2.61▲
2023 · 2.00
Debt / equity
0.69▼
2023 · 0.84
ROE
-10.9%▼
2023 · 7.0%
ROA
-6.4%▼
2023 · 3.8%
Interest coverage
-2.00▼
2023 · 8.52
Debt
€33k▼
2023 · €44k
Debt ≤ 1 year
€26k▼
2023 · €40k
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€96k€79k▼
Fixed assets21/28€2k€1k▼
Intangible fixed assets21€1k€1k▼
Tangible fixed assets22/27€407-
Furniture and vehicles24€407-
Current assets29/58€94k€78k▼
Stocks and contracts in progress3€15k€10k▼
Stocks30/36€15k€10k▼
Amounts receivable within one year40/41€68k€58k▼
Trade receivables40€65k€55k▼
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€10k€10k▼
Deferred charges and accrued income490/1€572€196▼
Equity and liabilities
Total equity and liabilities10/49€96k€79k▼
Equity10/15€52k€47k▼
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€7k€7k=
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Profit (loss) carried forward14€-20k€-25k▼
Amounts payable17/49€44k€33k▼
Amounts payable within one year42/48€40k€26k▼
Financial debts43€40€0▼
Credit institutions430/8€40€0▼
Trade debts44€37k€11k▼
Suppliers440/4€37k€11k▼
Advances received on contracts in progress46-€467
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€49€174▲
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48-€12k
Accrued charges and deferred income492/3€4k€7k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€737▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€953-
Other operating charges640/8€419€1k▲
Gross operating margin9900€10k€-2k▼
Operating profit (loss)9901€5k€-4k▼
Financial income75/76B€22€53▲
Recurring financial income75€22€53▲
Financial charges65/66B€977€1k▲
Recurring financial charges65€977€1k▲
Profit (loss) for the period before taxes9903€4k€-5k▼
Profit (loss) for the period9904€4k€-5k▼
Profit (loss) for the period to be appropriated9905€4k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-25k▼
Profit (loss) brought forward from the previous period14P€-23k€-20k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
02-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 398 days late
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 293 days late
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 633 days late
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.42
Current ratio from 1.32 to 3.42; short-term debt falls from €115k to €25k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-58k ▼526%
Net result drops to €-58k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Highest result since 2018net €14k ▲106%
Operating result €14k, net result €14k, both a record.
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Kapellen · 1 establishment unit since 1991
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.
Antwerpsesteenweg 2832950 KapellenGround area
894 m²
Building footprint
300 m²
Volume, LiDAR
1,901 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hanendreef 95, 2930 Brasschaat
since 19912.051.353.921
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0431/00V002 | Flanders | 710 m² | 1 · 234 m² | 9.1 m · 2 fl. |
| 11362M0116/00M004 | Flanders | 184 m² | 1 · 66 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
4 endedSimilar companies · same sector, comparable size
Volt by Pieter
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Lier · Eq €47k
All facilities services
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BNA-TECH
BE 0777.251.496
Temse · Eq €47k
VStechnics by C.C.
BE 0449.210.067
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Truyens Elektriciteitswerken
BE 0805.327.454
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,328. 8,515 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-01-1991
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
42220Construction of utility projects for electricity and telecommunications
43212Electrical installation work in industrial facilities
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.