VAN EETVELDE
ActiveSummary
VAN EETVELDE has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.2m and a net result of €222,206. Equity is growing by about 46% per year across the filed financial years. Its solvency ranks better than 30% of 314 sector peers (NACE 47, financial year 2026). The computed 12-month bankruptcy probability is 0.6% (low).
Financials · financial year 2026, full format
In the rankings
#2 company by staff growth in Lokeren, Wholesale and retail trade sector#8 employer in Lokeren, Wholesale and retail trade sector
Turnover
€22.8m▲ 9.2%
2025 · €20.9m
EBIT margin
1.9%▼ 0.2pp
2025 · 2.1%
Net result
€222,206▲ 1.8%
2025 · €218,265
Working capital
€151,279
2025 · -€391,014
Trend over the years
2022 to 2026, 5 financial years 2018 to 2026, 8 financial years
The operating result has fallen three years in a row; 2026 is 0% below 2025.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€22.8m
2026
Operating result€0.4m
2026
Net result€0.2m
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€6.5m
2026
Equity€1.2m
2026
Debt€5.3m
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.2m
2026
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin1.9%
2026
Return on assets (ROA)3.4%
2026
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency18.9%
2026
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.04
2026
Average staff in full-time equivalents (FTE).
Staff (FTE)44.8
2026
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202120222023202420252026
Turnover€19.1m€20.9m▲ 9.4%€22.8m▲ 9.2%
Operating result€0.06m-€0.05m▼ 11.0%€0.06m-€0.2m▲ 150%€0.5m▲ 226%€0.5m▼ 7.4%€0.4m▼ 7.1%€0.4m▼ 0.4%
Net result€0.05m-€0.05m▼ 10.9%€0.03mwithin the sector's middle half-€0.08mwithin the sector's middle half▲ 151%€0.3mabove the sector's middle half▲ 264%€0.3mabove the sector's middle half▼ 15.0%€0.2mabove the sector's middle half▼ 15.3%€0.2m▲ 1.8%
EBIT margin2.5%2.1%▼ 0.4pp1.9%▼ 0.2pp
Equity€0.07m-€0.1m▲ 66.7%€0.2mwithin the sector's middle half-€0.2mwithin the sector's middle half▲ 54.2%€0.5mwithin the sector's middle half▲ 128%€0.8mwithin the sector's middle half▲ 47.7%€1.0mwithin the sector's middle half▲ 27.3%€1.2m▲ 21.9%
Total assets€0.3m-€0.8m▲ 222%€2.7mabove the sector's middle half-€5.1mabove the sector's middle half▲ 88.2%€5.2mabove the sector's middle half▲ 2.4%€6.6mabove the sector's middle half▲ 26.6%€7.0mabove the sector's middle half▲ 6.2%€6.5m▼ 6.2%
Debt€0.2m-€0.7m▲ 284%€2.5m-€4.8m▲ 90.2%€4.6m▼ 3.7%€5.8m▲ 24.2%€6.0m▲ 3.3%€5.3m▼ 10.9%
Working capital-€0.03m-€0.04m-€1.0mbelow the sector's middle half--€0.9mbelow the sector's middle half▲ 4.7%-€0.7mbelow the sector's middle half▲ 25.5%-€0.7mbelow the sector's middle half▼ 3.5%-€0.4mbelow the sector's middle half▲ 46.1%€0.2m
Solvency28.9%-15.0%▼ 13.9pp5.7%below the sector's middle half-4.7%below the sector's middle half▼ 1.0pp10.4%below the sector's middle half▲ 5.7pp12.2%below the sector's middle half▲ 1.7pp14.6%within the sector's middle half▲ 2.4pp18.9%▲ 4.4pp
Current ratio0.81-1.06▲ 0.260.21below the sector's middle half-0.74below the sector's middle half▲ 0.530.80below the sector's middle half▲ 0.060.83below the sector's middle half▲ 0.030.91below the sector's middle half▲ 0.081.04▲ 0.12
Return on assets (ROA)21.6%-6.0%▼ 15.6pp1.2%below the sector's middle half-1.6%within the sector's middle half▲ 0.4pp5.9%within the sector's middle half▲ 4.2pp3.9%within the sector's middle half▼ 1.9pp3.1%within the sector's middle half▼ 0.8pp3.4%▲ 0.3pp
Staff (FTE)4.2-4.7▲ 11.9%8.3above the sector's middle half-15.5above the sector's middle half▲ 86.7%32.1above the sector's middle half▲ 107%34.1above the sector's middle half▲ 6.2%41.4above the sector's middle half▲ 21.4%44.8▲ 8.2%
above
within
below
the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €6.5m
Fixed assets
€2.4m ▼ 14.3%
Current assets
€4.1m ▼ 0.6%
Equity and liabilities €6.5m
Equity
€1.2m ▲ 21.9%
Debt
€5.3m ▼ 10.9%
Debt's share of the balance-sheet total falls from 85.4% to 81.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€844,900▲
2025 · €811,125
Cash flow
€634,232▲
2025 · €594,823
Quick ratio
0.52▲
2025 · 0.38
Debt to equity
4.28▼
2025 · 5.86
ROE
17.9%▼
2025 · 21.5%
Interest coverage
8.10▲
2025 · 6.65
Debt ≤ 1 year
€4.0m▼
2025 · €4.5m
Debt > 1 year
€1.0m▼
2025 · €1.1m
Income taxes
€90,839▲
2025 · €84,370
Staff costs
€2.7m▲
2025 · €2.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,685 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96.9% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
1.9%
stopped otherwise
96.9%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,685 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | - | €19.4m | €21.3m | €23.1m | ▲ 8.5% |
| Turnover70 | - | - | - | - | - | €19.1m | €20.9m | €22.8m | ▲ 9.2% |
| Other operating income74 | - | - | - | - | - | €0.3m | €0.4m | €0.3m | ▼ 21.5% |
| Non-recurring operating income76A | - | - | - | - | €460 | €0 | €0.02m | €0 | ▼ 100% |
| Operating charges60/66A | - | - | - | - | - | €19.0m | €20.9m | €22.7m | ▲ 8.6% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | - | €14.3m | €15.5m | €16.9m | ▲ 9.0% |
| Purchases600/8 | - | - | - | - | - | €14.9m | €15.9m | €16.5m | ▲ 4.1% |
| Change in stocks: decrease (increase)609 | - | - | - | - | - | -€0.6m | -€0.4m | €0.4m | - |
| Services and other goods61 | - | - | - | - | - | €2.0m | €2.4m | €2.6m | ▲ 8.0% |
| Remuneration, social security and pensions62 | - | - | - | €0.9m | €1.9m | €2.3m | €2.6m | €2.7m | ▲ 7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.03m | €0.03m | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | ▲ 9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0.03m | €0 | €0.03m | €0.008m | ▼ 77.2% |
| Other operating charges640/8 | - | - | - | €0.007m | €0.03m | €0.04m | €0.07m | €0.07m | ▼ 9.1% |
| Non-recurring operating charges66A | - | - | - | €150 | €471 | €0.001m | - | €0.02m | - |
| Gross operating margin9900 | €0.3m | €0.3m | €0.4m | €1.2m | €2.7m | - | - | - | - |
| Operating profit (loss)9901 | €0.06m | €0.05m | €0.06m | €0.2m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 0.4% |
| Financial income75/76B | - | - | - | €0.002m | €0.002m | €0.001m | €0.02m | €0.001m | ▼ 95.2% |
| Recurring financial income75 | €0.001m | €0.001m | €0.001m | €0.002m | €0.002m | €0.001m | €0.02m | €0.001m | ▼ 95.2% |
| Income from current assets751 | - | - | - | - | - | €366 | €0.01m | €0.001m | ▼ 93.2% |
| Other financial income752/9 | - | - | - | - | - | €0.001m | €0.005m | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €0.04m | €0.08m | €0.1m | €0.1m | €0.1m | ▼ 18.7% |
| Recurring financial charges65 | €0.003m | €0.002m | €0.02m | €0.04m | €0.08m | €0.1m | €0.1m | €0.1m | ▼ 18.7% |
| Debt charges650 | - | - | - | - | - | €0.1m | €0.1m | €0.1m | ▼ 14.5% |
| Other financial charges652/9 | - | - | - | - | - | €0.01m | €0.03m | €0.02m | ▼ 38.0% |
| Profit (loss) for the period before taxes9903 | €0.05m | €0.05m | €0.05m | €0.1m | €0.4m | €0.4m | €0.3m | €0.3m | ▲ 3.4% |
| Income taxes67/77 | - | €0.001m | €0.01m | €0.03m | €0.1m | €0.1m | €0.08m | €0.09m | ▲ 7.7% |
| Taxes670/3 | - | - | - | - | - | €0.1m | €0.08m | €0.09m | ▲ 8.1% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | - | - | €328 | - |
| Profit (loss) for the period9904 | €0.05m | €0.05m | €0.03m | €0.08m | €0.3m | €0.3m | €0.2m | €0.2m | ▲ 1.8% |
| Profit (loss) for the period to be appropriated9905 | €0.05m | €0.05m | €0.03m | €0.08m | €0.3m | €0.3m | €0.2m | €0.2m | ▲ 1.8% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.3m | €0.8m | €2.7m | €5.1m | €5.2m | €6.6m | €7.0m | €6.5m | ▼ 6.2% |
| Fixed assets21/28 | €0.1m | €0.09m | €2.4m | €2.4m | €2.4m | €2.9m | €2.8m | €2.4m | ▼ 14.3% |
| Intangible fixed assets21 | - | - | €0.3m | €0.4m | €0.3m | €0.2m | €0.1m | €0.05m | ▼ 55.5% |
| Tangible fixed assets22/27 | €0.1m | €0.09m | €0.4m | €2.0m | €2.0m | €2.4m | €2.4m | €2.4m | ▼ 1.4% |
| Land and buildings22 | - | - | - | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | ▼ 0.7% |
| Plant, machinery and equipment23 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 9.5% |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.1m | €0.3m | €0.3m | €0.3m | ▲ 1.5% |
| Leasing and similar rights25 | - | - | - | - | €0.1m | €0.3m | €0.2m | €0.1m | ▼ 33.0% |
| Other tangible fixed assets26 | - | - | - | €0.03m | €0.02m | €0.006m | €0.02m | €0.02m | ▲ 34.0% |
| Financial fixed assets28 | - | - | €1.7m | €0.006m | €0.009m | €0.3m | €0.3m | €0.02m | ▼ 94.7% |
| Other financial fixed assets284/8 | - | - | - | - | - | €0.3m | €0.3m | €0.02m | ▼ 94.7% |
| Shares284 | - | - | - | - | - | €0.3m | €0.3m | €0.003m | ▼ 99.2% |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | - | €0.006m | €0.004m | €0.02m | ▲ 296% |
| Current assets29/58 | €0.1m | €0.7m | €0.3m | €2.7m | €2.8m | €3.6m | €4.1m | €4.1m | ▼ 0.6% |
| Amounts receivable after more than one year29 | - | - | - | €0.007m | €0 | - | - | - | - |
| Trade receivables290 | - | - | - | €0.007m | €0 | - | - | - | - |
| Stocks and contracts in progress3 | €0.02m | €0.2m | €0.01m | €1.5m | €1.4m | €2.1m | €2.4m | €2.1m | ▼ 15.1% |
| Stocks30/36 | - | - | - | €1.5m | €1.4m | €2.1m | €2.4m | €2.1m | ▼ 15.1% |
| Goods purchased for resale34 | - | - | - | - | - | €2.1m | €2.4m | €2.1m | ▼ 15.1% |
| Amounts receivable within one year40/41 | €0.07m | €0.5m | €0.2m | €1.1m | €1.0m | €1.3m | €1.4m | €1.5m | ▲ 12.3% |
| Trade receivables40 | - | - | - | €0.7m | €0.9m | €1.0m | €1.0m | €0.8m | ▼ 19.0% |
| Other amounts receivable41 | - | - | - | €0.4m | €0.1m | €0.3m | €0.4m | €0.8m | ▲ 88.1% |
| Current investments50/53 | - | - | - | €0.001m | €0.001m | €0.04m | €0.07m | €0.09m | ▲ 35.8% |
| Other investments51/53 | - | - | - | - | - | €0.04m | €0.07m | €0.09m | ▲ 35.8% |
| Cash at bank and in hand54/58 | €0.05m | €0.05m | €0.03m | €0.2m | €0.3m | €0.1m | €0.1m | €0.3m | ▲ 139% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.06m | €0.05m | €0.1m | €0.08m | ▼ 35.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.3m | €0.8m | €2.7m | €5.1m | €5.2m | €6.6m | €7.0m | €6.5m | ▼ 6.2% |
| Equity10/15 | €0.07m | €0.1m | €0.2m | €0.2m | €0.5m | €0.8m | €1.0m | €1.2m | ▲ 21.9% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.004m | €0.004m | €0.004m | €0.2m | €0.5m | €0.8m | €1.0m | €1.2m | ▲ 22.0% |
| Non-distributable reserves130/1 | - | - | - | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | = |
| Reserves not available under the articles1311 | - | - | - | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | = |
| Tax-exempt reserves132 | - | - | - | - | - | - | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €0.2m | €0.5m | €0.8m | €1.0m | €1.2m | ▲ 22.4% |
| Profit (loss) carried forward14 | €0.06m | €0.1m | €0.1m | €0 | - | - | - | - | - |
| Amounts payable17/49 | €0.2m | €0.7m | €2.5m | €4.8m | €4.6m | €5.8m | €6.0m | €5.3m | ▼ 10.9% |
| Amounts payable after more than one year17 | - | €0.01m | €1.3m | €1.2m | €1.1m | €1.3m | €1.1m | €1.0m | ▼ 9.1% |
| Financial debts170/4 | - | - | - | €1.2m | €1.0m | €1.3m | €1.1m | €1.0m | ▼ 9.1% |
| Leasing and similar obligations172 | - | - | - | - | - | €0.2m | €0.1m | €0.08m | ▼ 46.8% |
| Credit institutions173 | - | - | - | - | - | €1.1m | €1.0m | €1.0m | ▼ 3.7% |
| Other amounts payable178/9 | - | - | - | €0.01m | €0.008m | €0.004m | €0.004m | €0.004m | = |
| Amounts payable within one year42/48 | €0.2m | €0.7m | €1.3m | €3.6m | €3.5m | €4.3m | €4.5m | €4.0m | ▼ 12.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.3m | €0.5m | €0.5m | ▼ 1.0% |
| Financial debts43 | - | - | - | €0.4m | €0.4m | €0.4m | €0.7m | €0.5m | ▼ 31.7% |
| Credit institutions430/8 | - | - | - | €0.4m | €0.4m | €0.4m | €0.7m | €0.5m | ▼ 31.7% |
| Trade debts44 | €0.1m | €0.6m | €0.8m | €2.5m | €1.4m | €2.0m | €2.2m | €1.8m | ▼ 19.1% |
| Suppliers440/4 | - | - | - | €2.5m | €1.4m | €2.0m | €2.2m | €1.8m | ▼ 19.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.7m | €0.6m | €0.3m | €0.6m | ▲ 128% |
| Taxes450/3 | - | - | - | €0.06m | €0.4m | €0.2m | €0.04m | €0.2m | ▲ 353% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.3m | €0.4m | €0.2m | €0.4m | ▲ 90.4% |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.9m | €1.0m | €0.9m | €0.7m | ▼ 27.8% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.06m | €0.1m | €0.3m | €0.3m | ▲ 6.1% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,055 | €48,181 | €33,269 | €83,363 | €303,317 | €257,834 | €218,265 | €222,206 | ▲ 1.8% |
| + Depreciation and write-downs630 | €31,719 | €29,553 | €29,562 | €203,500 | €244,792 | €311,276 | €376,558 | €412,026 | ▲ 9.4% |
| Operating cash flow (approximation) | €85,774 | €77,734 | €62,831 | €286,863 | €548,109 | €569,110 | €594,823 | €634,232 | ▲ 6.6% |
| Investment in fixed assets (approximation) | - | -€13,184 | - | -€145,079 | -€237,037 | -€902,176 | -€265,280 | -€6,411 | ▲ 97.6% |
| Change in cash | - | -€1,508 | - | €121,544 | €179,594 | -€184,223 | -€8,853 | €193,674 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-01-2026 | full format | 31-08-2026 | 2026-00504251 |
| 31-01-2025 | full format | 29-08-2025 | 2025-00482705 |
| 31-01-2024 | full format | 28-08-2024 | 2024-00399296 |
| 31-01-2023 | abbreviated format | 28-08-2023 | 2023-00390947 |
| 31-01-2022 | abbreviated format | 27-07-2022 | 2022-20229792 |
| 31-01-2021 | abbreviated format | 22-09-2021 | 2021-68000534 |
| 31-12-2019 | abbreviated format | 30-09-2020 | 2020-57200066 |
| 31-12-2018 | micro format | 16-07-2019 | 2019-33600446 |
| 31-12-2017 | micro format | 16-07-2018 | 2018-34100031 |
| 31-12-2016 | micro format | 19-07-2017 | 2017-33700045 |
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Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €2,044 awarded · €2,044 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €1,511 | €1,511 |
| 2023 | 1 | €533 | €533 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.