VAN GEEL
ActiveSummary
VAN GEEL has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €481k and a net result of €70k. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 54% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+2
Solvency73▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.07 against 1.8 in 2024; short-term debt: 31.5% and cash: 35.4% of total assets), but 52% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48%
Return on assets
7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
55 d early
2023
7 d early
2022
31 d early
2021
47 d early
2020
31 d early
2019
31 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€481k▲ 17.0%
2024 · €412k
2018: €239k
2019: €258k
2020: €285k
2021: €321k
2022: €322k
2023: €365k
2024: €412k
2018 → 2025
Total assets
€1.00M▲ 2.5%
2024 · €979k
2018: €1.06M
2019: €1.09M
2020: €1.02M
2021: €1.02M
2022: €1.06M
2023: €1.03M
2024: €979k
2018 → 2025
Net result
€70k▲ 50.9%
2024 · €46k
2018: €24k
2019: €19k
2020: €27k
2021: €36k
2022: €801
2023: €44k
2024: €46k
2018 → 2025
Working capital
€337k▲ 41.1%
2024 · €239k
2018: €116k
2019: €126k
2020: €156k
2021: €198k
2022: €207k
2023: €248k
2024: €239k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€321k-€322k▲ 0.2%€365k▲ 13.6%€412k▲ 12.7%€481k▲ 17.0%
Operating result€39k-€6k▼ 83.6%€60k▲ 846%€62k▲ 3.4%€97k▲ 56.6%
Net result€36k-€801▼ 97.8%€44k▲ 5,365%€46k▲ 5.7%€70k▲ 50.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 57% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.00M
Fixed assets
€351k ▼ 20.3%
Current assets
€653k ▲ 21.2%
Equity and liabilities €1.00M
Equity
€481k ▲ 17.0%
Debt
€522k ▼ 7.9%
Debt's share of the balance-sheet total falls from 58.0% to 52.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€187k▲
2024 · €142k
Cash flow
€159k▲
2024 · €126k
Current ratio
2.07▲
2024 · 1.80
Quick ratio
1.59▲
2024 · 1.31
Debt to equity
1.08▼
2024 · 1.38
ROE
14.5%▲
2024 · 11.2%
ROA
7.0%▲
2024 · 4.7%
Interest coverage
21.01▲
2024 · 17.53
Debt ≤ 1 year
€316k▲
2024 · €300k
Debt > 1 year
€207k▼
2024 · €268k
Income taxes
€27k▲
2024 · €16k
Staff costs
€225k▲
2024 · €217k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€979k€1.00M▲
Fixed assets21/28€440k€351k▼
Tangible fixed assets22/27€440k€350k▼
Land and buildings22€314k€257k▼
Plant, machinery and equipment23€14k€9k▼
Furniture and vehicles24€112k€84k▼
Financial fixed assets28€500€500=
Current assets29/58€539k€653k▲
Stocks and contracts in progress3€147k€151k▲
Stocks30/36€147k€151k▲
Amounts receivable within one year40/41€50k€71k▲
Trade receivables40€45k€71k▲
Other amounts receivable41€5k-
Current investments50/53-€75k
Cash at bank and in hand54/58€341k€356k▲
Equity and liabilities
Total equity and liabilities10/49€979k€1.00M▲
Equity10/15€412k€481k▲
Contributions10/11€19k€19k=
Reserves13€370k€440k▲
Distributable reserves133€370k€440k▲
Profit (loss) carried forward14€23k€23k▲
Amounts payable17/49€567k€522k▼
Amounts payable after more than one year17€268k€207k▼
Financial debts170/4€268k€207k▼
Amounts payable within one year42/48€300k€316k▲
Current portion of amounts payable after more than one year42€61k€62k▲
Trade debts44€65k€64k▼
Suppliers440/4€65k€64k▼
Taxes, remuneration and social security45€47k€81k▲
Taxes450/3€20k€44k▲
Remuneration and social security454/9€27k€37k▲
Other amounts payable47/48€125k€109k▼
Income statement
Code20242025
Non-recurring operating income76A€23k-
Remuneration, social security and pensions62€217k€225k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80k€90k▲
Other operating charges640/8€13k€12k▼
Gross operating margin9900€372k€424k▲
Operating profit (loss)9901€62k€97k▲
Financial income75/76B€8k€9k▲
Recurring financial income75€8k€9k▲
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€62k€97k▲
Income taxes67/77€16k€27k▲
Profit (loss) for the period9904€46k€70k▲
Profit (loss) for the period to be appropriated9905€46k€70k▲
Appropriation of the result
Profit (loss) to be appropriated9906€69k€93k▲
Profit (loss) brought forward from the previous period14P€23k€23k▲
Transfer to equity691/2€46k€70k▲
To other reserves6921€46k€70k▲
Social balance
Average headcount (FTE)90873.93.8▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €70k ▲50.9%
Operating result €97k, net result €70k, both a record.
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €801 ▼97.8%
Net result drops to €801, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Malle · 1 establishment unit since 1988
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.
Ambachtsstraat 52390 MalleGround area
4,008 m²
Building footprint
2,100 m²
Volume, LiDAR
13,327 m³
Parcel 11049B0053/00K000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VAN GEEL
since 19882.041.313.233
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049B0053/00K000 | Flanders | 4,008 m² | 1 · 2,100 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 338 companies in sector 46713 we hold annual accounts for 204. 159 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-11-1988
Fiscal year end31-12
Activities, NACEBEL 2025
25620Manufacture of fabricated metal products, except machinery and equipment
46713Wholesale trade
29202Manufacture of motor vehicles, trailers and semi-trailers
77120Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.