VAN GINKEL
ActiveVAN GINKEL has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €68k and a net result of €21k. Equity is growing by ~32.7% per year across the filed fiscal years. Its solvency ranks better than 66% of 36377 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
100
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency99▲+3
Growth78=
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.48 against 2.07 in 2023), and 39.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
54 d late
2022
32 d late
2021
22 d late
2020
43 d early
2019
4 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€68k▲ 42.9%
2023 · €48k
2018: €-5k
2019: €13k
2020: €31k
2021: €34k
2022: €33k
2023: €48k
2018 → 2024
Total assets
€113k▲ 20.9%
2023 · €93k
2018: €29k
2019: €45k
2020: €66k
2021: €90k
2022: €78k
2023: €93k
2018 → 2024
Net result
€21k▲ 33.4%
2023 · €15k
2018: €-6k
2019: €18k
2020: €17k
2021: €3k
2022: €-1k
2023: €15k
2018 → 2024
Working capital
€61k▲ 52.0%
2023 · €40k
2018: €-6k
2019: €12k
2020: €29k
2021: €25k
2022: €24k
2023: €40k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€31k-€34k▲ 10.1%€33k▼ 3.4%€48k▲ 47.4%€68k▲ 42.9%
Operating result€20k-€3k▼ 84.0%€-3k€18k€27k▲ 45.2%
Net result€17k-€3k▼ 82.1%€-1k€15k€21k▲ 33.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 45% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €113k
Fixed assets
€10k▼ 34.9%
Current assets
€103k▲ 31.8%
Equity and liabilities €113k
Equity
€68k▲ 42.9%
Debt
€44k▼ 2.3%
The debt ratio falls from 48.7% to 39.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€32k▲
2023 · €24k
Cash flow
€26k▲
2023 · €21k
Solvency
60.7%▲
2023 · 51.3%
Current ratio
2.48▲
2023 · 2.07
Quick ratio
2.48▲
2023 · 2.07
Debt / equity
0.65▼
2023 · 0.95
ROE
30.0%▼
2023 · 32.1%
ROA
18.2%▲
2023 · 16.5%
Interest coverage
11.77▼
2023 · 33.96
Debt
€44k▼
2023 · €45k
Debt ≤ 1 year
€41k▲
2023 · €38k
Debt > 1 year
€3k▼
2023 · €8k
Income taxes
€8k▲
2023 · €5k
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€93k€113k▲
Fixed assets21/28€15k€10k▼
Tangible fixed assets22/27€14k€9k▼
Furniture and vehicles24€2k€1k▼
Leasing and similar rights25€12k€8k▼
Financial fixed assets28€1k€1k=
Current assets29/58€78k€103k▲
Amounts receivable within one year40/41€76k€100k▲
Trade receivables40€12k€18k▲
Other amounts receivable41€64k€82k▲
Cash at bank and in hand54/58€2k€3k▲
Deferred charges and accrued income490/1€360€0▼
Equity and liabilities
Total equity and liabilities10/49€93k€113k▲
Equity10/15€48k€68k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€27k€48k▲
Amounts payable17/49€45k€44k▼
Amounts payable after more than one year17€8k€3k▼
Financial debts170/4€8k€3k▼
Amounts payable within one year42/48€38k€41k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€4k€162▼
Suppliers440/4€4k€162▼
Taxes, remuneration and social security45€6k€13k▲
Taxes450/3€6k€13k▲
Other amounts payable47/48€23k€23k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€319€149▼
Gross operating margin9900€24k€32k▲
Operating profit (loss)9901€18k€27k▲
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€699€3k▲
Recurring financial charges65€699€3k▲
Profit (loss) for the period before taxes9903€21k€28k▲
Income taxes67/77€5k€8k▲
Profit (loss) for the period9904€15k€21k▲
Profit (loss) for the period to be appropriated9905€15k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€48k▲
Profit (loss) brought forward from the previous period14P€12k€27k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2018net €21k ▲33.4%
Operating result €27k, net result €21k, both a record.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
08-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 100 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
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
2 directors, no change since 2023
VAN GINKEL Luc Alfons
CurrentNon-statutory director · since 21-12-2023
21-12-2023
VAN GINKEL Luc Alfons: Appointed as Non-statutory director
21-12-2023
Van Ginkel Luc: Resigned as Manager
Location & real-estate footprint
Registered office, Wuustwezel · 2 establishment units since 2009
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.
Kalmthoutse Steenweg 2122990 WuustwezelGround area
2,758 m²
Building footprint
128 m²
Volume, LiDAR
721 m³
2 parcels, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
VAN GINKEL BVBA
since 20092.180.359.763
VAN GINKEL BVBA
since 20102.198.445.018
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662C0555/00N000 | Flanders | 2,051 m² | - | - |
| 11682F0049/00F012 | Flanders | 707 m² | 1 · 128 m² | 8.4 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.
Similar companies · same sector, comparable size
PADECOR
BE 0807.091.864
Lievegem · Eq €68k
P & P INNOVATIONS
BE 0834.267.108
Tongeren-Borgloon · Eq €68k
ETABLISSEMENTS PATEN ET FILS
BE 0437.025.382
Genappe · Eq €68k
MARTENS DIEGO
BE 0684.972.131
Eeklo · Eq €68k
CT interieur
BE 0846.627.579
Beerse · Eq €68k
Of 19,948 companies in sector 43320 we hold annual accounts for 9,084. 7,567 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-08-2009
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
46832Wholesale of timber
47522Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.