Equity
€24,994 from €270,912 in 2023
Equity fell by 91% in 2 years.
VAN FRONTBERGHE
Lifetime
14 annual accounts with figures on one time axispeak €318,725 (2023)
€27,917▼ 89.9%
lowest -€221,772 (2025)
-€221,772▼ €197,626
peak €270,912 (2023)
€24,994▼ 89.9%
€331,055▼ 39.6%
peak 2 FTE (2020)
-not published
Board2 names since 2011
1 directorKARSIKAYA Yusuf
Documentsfilings and deeds
28-07-20263 days before the deadline
2025micro format
Gross margin from €275,969 to €27,917Loss of €221,772Registered office moved from Lokeren to Zele 02-10Equity from €246,766 to €24,994Debts from €548,078 to €331,055Cash from €51 to €80,233
Key points
from the 2025 annual accountsResult
-€221,772 ▼ 818%
The result fell in 2025 from -€24,146 to -€221,772.
Debts
€331,055 93% of the balance sheet
Financial debts 70%Suppliers 8%Taxes and wages 2%Other 21%
Of this, €99,267 falls due within a year.
Staff
1 employees on 31-12-2025
In 2025, nobody joined and 1 person left.
Liquidity
1.54 was 0.36 in 2024
Short-term debts fell from €356,982 to €99,267.
Position in the sector
-€221,772
Lower net result than 95% of companies in specialised construction. Sector median €10,189 · 35,113 companies.
Checked score
52
Fair
Financially stronger than 21% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.7%▲ +0.4 percentage points vs 07-2025
09-2025: 1.5%▲ +0.8 percentage points vs 08-2025
10-2025: 1.5%● unchanged vs 09-2025
11-2025: 3.7%▲ +2.2 percentage points vs 10-2025
12-2025: 3.7%● unchanged vs 11-2025
01-2026: 3.7%● unchanged vs 12-2025
02-2026: 3.7%● unchanged vs 01-2026
03-2026: 3.7%● unchanged vs 02-2026
04-2026: 4.0%▲ +0.3 percentage points vs 03-2026highest value
05-2026: 3.9%▼ -0.1 percentage points vs 04-2026
06-2026: 1.8%▼ -2.1 percentage points vs 05-2026
07-2026: 1.9%▲ +0.1 percentage points vs 06-2026
08-2026: 2.0%▲ +0.1 percentage points vs 07-2026
09-2026: 2.0%● unchanged vs 08-2026
10-2026: 2.0%● unchanged vs 09-2026
11-2026: 2.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Loss of €221,772, the second in a row (financial year 2025)
1 change of registered office in 24 months
Equity €24,994 (7.0% of total assets)
Sector: Specialised construction activities (NACE 43)
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 12% of them on solvency, 65% on liquidity, 4% on profitability and 4% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 642 companies had the same profile as VAN FRONTBERGHE has now. Each dot stands for 2 companies, two years later.
89.9%
were still trading
5.5%
stopped another way
3.6%
went bankrupt
Another 1.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VAN FRONTBERGHE itself: 2.0% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 642 companies, not a prediction for VAN FRONTBERGHE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 1.54 (0.36 in 2024), above the usual 1.5. Short-term debt is 27.9% and cash 22.5% of total assets. However, 93% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
raises riskneutral
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 -€221,772
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 35125 sector peers (2025).
NBB · sector comparisonPosition among 35125 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 days early
2024
11 days late
2023
51 days early
2022
7 days early
2021
2 days early
2020
46 days early
2019
11 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 28 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Lokeren to Zele
New registered office: Heikensstraat 1 bus 1, 9240 Zele · Previous registered office: Hoogstraat 87C, 9160 Lokeren · Board meeting of 12-09-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0835445657
Registered office moved from Lokeren to Lakeren
New registered office: Hoogstraat 87C, 9160 Lakeren · Previous registered office: Derbystraat 1, 9160 LOKEREN · Board meeting of 13-05-2024 · Gazette deed
Change of role: KARSIKAYA Yusuf, from manager to director
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VAN FRONTBERGHE Zele | €356,049 | €27,917 | 7.0% | - |
| Doru Bouw Groep Ghent | €321,686 | €44,316 | 31.6% | - |
| DE SCHUTTER BORINGEN Zandhoven | €430,879 | €19,391 | 89.5% | - |
| HOLVAST Asse | €339,449 | €32,825 | 12.7% | - |
| DRILLMAT Grobbendonk | €273,812 | €26,706 | 77.7% | - |
| MALIKU Hamme (Vl.) | €228,486 | €53,143 | 88.2% | - |
| CONTRACT & CONTRACTING Machelen (Brab.) | €324,442 | €54,218 | 15.4% | - |
These companies have the same main activity as VAN FRONTBERGHE: specialised construction activities (NACE 43130). They are comparable in size and age: total assets between €228,000 and €431,000, founded between 2009 and 2015.
Official details
Source: KBO- Status
- Active since 13-04-2011Normal situation
- Activity
- Specialised construction activitiesNACE 43130
- Establishment unit
- 2.198.025.2459240 Zele, since 15-04-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 12-09-2025
Annual accounts 2025
- ≈ €160,000estimated
- €356,049▼ 55.2%
- Employeeson 31-12-2025
- 1▼ 50.0%
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on VAN FRONTBERGHE
VAN FRONTBERGHE files the micro format. That format states no turnover. The gross margin rose from €15,936 in 2012 to €27,917 in 2025.
The balance sheet grew most from 2022 to 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VAN FRONTBERGHE
- What is the company number of VAN FRONTBERGHE?
- The company number of VAN FRONTBERGHE is 0835.445.657. The VAT number is the same number with BE in front: BE 0835.445.657.
- Where is VAN FRONTBERGHE based?
- The registered office is at Heikensstraat 1, 9240 Zele.Company details
- What does VAN FRONTBERGHE do?
- According to the KBO register, the main activity is specialised construction activities (NACE 43130).
- What is the legal form of VAN FRONTBERGHE?
- VAN FRONTBERGHE is a private limited company (BV).
- When was VAN FRONTBERGHE founded?
- VAN FRONTBERGHE was founded on 13-04-2011.
- Is VAN FRONTBERGHE still active?
- Yes, VAN FRONTBERGHE is an active enterprise in the KBO register.
- How many employees does VAN FRONTBERGHE have?
- VAN FRONTBERGHE had an average of 1.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of VAN FRONTBERGHE?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €27,917 and 30 comparable companies (NACE 431). It probably lies between €100,000 and €330,000.
- Is VAN FRONTBERGHE profitable?
- In financial year 2025, VAN FRONTBERGHE made a loss of €221,772.
- Where can I find the annual accounts of VAN FRONTBERGHE?
- VAN FRONTBERGHE filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VAN FRONTBERGHE due?
- VAN FRONTBERGHE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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