VAN FRONTBERGHE
ActiveSummary
The annual accounts of VAN FRONTBERGHE for fiscal year 2025 show a net loss of 62% of total assets and of 90% of the equity at the start of that year. The 2025 annual accounts show equity of €25k and a net result of €-222k. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 12% of 27965 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-65
Solvency32▼-24
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.54 against 0.36 in 2024; short-term debt: 27.9% and cash: 22.5% of total assets), but 93% of the assets are financed with debt.
Credit check 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
7%
Return on assets
-62.3%
Age of the figures
9 mo
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-222k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 12%
← weakest
strongest →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
11 d late
2023
51 d early
2022
7 d early
2021
2 d early
2020
46 d early
2019
11 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€25k▼ 89.9%
2024 · €247k
Total assets
€356k▼ 55.2%
2024 · €795k
Net result
€-222k▼ 818%
2024 · €-24k
Working capital
€53k
2024 · €-229k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22k▼ 0.5%€76k▲ 245%€103k▲ 34.8%€-12k€-194k▼ 1,508%
Net result€4k▼ 54.1%€52k▲ 1,213%€66k▲ 27.7%€-24k€-222k▼ 818%
Equity€154k▲ 2.6%€205k▲ 33.6%€271k▲ 32.1%€247k▼ 8.9%€25k▼ 89.9%
Total assets€265k▼ 14.6%€297k▲ 11.9%€641k▲ 116%€795k▲ 23.9%€356k▼ 55.2%
Debt€112k▼ 30.7%€92k▼ 17.8%€371k▲ 303%€548k▲ 47.9%€331k▼ 39.6%
Working capital€45k▼ 48.7%€102k▲ 128%€203k▲ 98.7%€-229k€53k
Staff (FTE)2.8▲ 40.0%1.8▼ 35.7%1.5▼ 16.7%2.7▲ 80.0%1.1▼ 59.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €194k in 2025 against €12k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €356k
Fixed assets
€203k ▼ 69.5%
Current assets
€153k ▲ 18.9%
Equity and liabilities €356k
Equity
€25k ▼ 89.9%
Debt
€331k ▼ 39.6%
Debt's share of the balance-sheet total rises from 69.0% to 93.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-72k▼
2024 · €95k
Cash flow
€-100k▼
2024 · €83k
Current ratio
1.54▲
2024 · 0.36
Debt to equity
13.25▲
2024 · 2.22
ROE
-887.3%▼
2024 · -9.8%
ROA
-62.3%▼
2024 · -3.0%
Interest coverage
-2.65▼
2024 · 8.37
Debt ≤ 1 year
€99k▼
2024 · €357k
Debt > 1 year
€232k▲
2024 · €191k
Income taxes
€1k▲
2024 · €705
Staff costs
€78k▼
2024 · €162k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €129 | €85k | €50k | €30k | €67k | ▲ 123% |
| Remuneration, social security and pensions62 | €92k | €55k | €94k | €162k | €78k | ▼ 52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48k | €71k | €115k | €107k | €122k | ▲ 13.9% |
| Other operating charges640/8 | €6k | €9k | €7k | €10k | €22k | ▲ 126% |
| Non-recurring operating charges66A | - | €188 | - | €9k | - | - |
| Gross operating margin9900 | €168k | €212k | €319k | €276k | €28k | ▼ 89.9% |
| Operating profit (loss)9901 | €22k | €76k | €103k | €-12k | €-194k | ▼ 1,508% |
| Financial income75/76B | €21 | €0 | €0 | - | €755 | - |
| Recurring financial income75 | €21 | €0 | €0 | - | €755 | - |
| Financial charges65/66B | €14k | €14k | €13k | €11k | €27k | ▲ 138% |
| Recurring financial charges65 | €14k | €14k | €13k | €11k | €27k | ▲ 138% |
| Profit (loss) for the period before taxes9903 | €9k | €63k | €90k | €-23k | €-220k | ▼ 840% |
| Income taxes67/77 | €5k | €11k | €24k | €705 | €1k | ▲ 98.4% |
| Profit (loss) for the period9904 | €4k | €52k | €66k | €-24k | €-222k | ▼ 818% |
| Profit (loss) for the period to be appropriated9905 | €4k | €52k | €66k | €-24k | €-222k | ▼ 818% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €265k | €297k | €641k | €795k | €356k | ▼ 55.2% |
| Fixed assets21/28 | €148k | €171k | €329k | €666k | €203k | ▼ 69.5% |
| Tangible fixed assets22/27 | €148k | €171k | €329k | €666k | €203k | ▼ 69.5% |
| Plant, machinery and equipment23 | €65k | €83k | €215k | €390k | €93k | ▼ 76.1% |
| Furniture and vehicles24 | €84k | €88k | €115k | €277k | €110k | ▼ 60.2% |
| Financial fixed assets28 | €10 | €10 | €10 | €10 | €10 | = |
| Current assets29/58 | €117k | €126k | €312k | €128k | €153k | ▲ 18.9% |
| Amounts receivable within one year40/41 | €68k | €42k | €54k | €102k | €62k | ▼ 39.8% |
| Trade receivables40 | €40k | €7k | €47k | €85k | €28k | ▼ 67.6% |
| Other amounts receivable41 | €27k | €34k | €7k | €17k | €34k | ▲ 96.5% |
| Cash at bank and in hand54/58 | €39k | €84k | €253k | €51 | €80k | ▲ 157,219% |
| Deferred charges and accrued income490/1 | €11k | - | €5k | €26k | €11k | ▼ 58.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €265k | €297k | €641k | €795k | €356k | ▼ 55.2% |
| Equity10/15 | €154k | €205k | €271k | €247k | €25k | ▼ 89.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €44k | €44k | €44k | €44k | €44k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €42k | €42k | €44k | €44k | €44k | = |
| Profit (loss) carried forward14 | €91k | €143k | €209k | €184k | €-37k | ▼ 120% |
| Amounts payable17/49 | €112k | €92k | €371k | €548k | €331k | ▼ 39.6% |
| Amounts payable after more than one year17 | €40k | €68k | €211k | €191k | €232k | ▲ 21.3% |
| Financial debts170/4 | €40k | €68k | €211k | €191k | €232k | ▲ 21.3% |
| Amounts payable within one year42/48 | €72k | €24k | €109k | €357k | €99k | ▼ 72.2% |
| Current portion of amounts payable after more than one year42 | €61k | €12k | €19k | €20k | €63k | ▲ 212% |
| Financial debts43 | €6k | €6k | €6k | €284k | - | - |
| Credit institutions430/8 | €6k | €6k | €6k | €284k | - | - |
| Trade debts44 | €4k | €1k | €59k | €28k | €25k | ▼ 9.5% |
| Suppliers440/4 | €4k | €1k | €59k | €28k | €25k | ▼ 9.5% |
| Taxes, remuneration and social security45 | €2k | €4k | €19k | €19k | €5k | ▼ 72.5% |
| Taxes450/3 | €420 | €4k | €19k | €19k | €5k | ▼ 72.5% |
| Remuneration and social security454/9 | €1k | - | - | - | - | - |
| Other amounts payable47/48 | €102 | €102 | €6k | €6k | €6k | = |
| Accrued charges and deferred income492/3 | - | - | €50k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €52k | €66k | €-24k | €-222k | ▼ 818% |
| + Depreciation and write-downs630 | €48k | €71k | €115k | €107k | €122k | ▲ 13.9% |
| Operating cash flow (approximation) | €52k | €123k | €181k | €83k | €-100k | ▼ 220% |
| Investment in fixed assets (approximation) | - | €-94k | €-273k | €-444k | €341k | ▲ 177% |
| Change in cash | - | €45k | €169k | €-253k | €80k | ▲ 132% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-222k
Net result drops to €-222k, the lowest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 1.54
Current ratio from 0.36 to 1.54; short-term debt falls from €357k to €99k.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €66k ▲27.7%
Operating result €103k, net result €66k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 5.32
Current ratio from 1.62 to 5.32; short-term debt falls from €72k to €24k.
31-12
Financial
Equity above €200kEq €205k ▲33.6%
5 profitable years in a row build equity to €205k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €154k ▲2.6%
4 profitable years in a row build equity to €154k.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Zele · 1 establishment unit since 2011
Ground area
2,022 m²
Building footprint
781 m²
Volume, LiDAR
4,440 m³
Parcel 42028B0743/00G000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VAN FRONTBERGHE
since 20112.198.025.245
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028B0743/00G000 | Flanders | 2,022 m² | 1 · 781 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
5 categoriesVAN FRONTBERGHE BV38932
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Of 607 companies in sector 43130 we hold annual accounts for 302. 188 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43130Specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.