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VAN GOETHEM

Active
Public limited companyfounded 199927 yrs activeDreef ter Panne 1, 8000 Brugge, BelgiumKBO/BCE: BE 0466.554.558
Summary

VAN GOETHEM has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €492,684 and a net result of €364,450. Equity is shrinking by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 62% of 15312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Overview

Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
2 sites
Size
€1.1mtotal assets 2025
Equity
€492,684
Profit
€364,450
Turnover not published (abridged schema)
Financial health
98 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Accounts on time0 of 5 deeds read
Why 98- Figures for FY 2025 (filed 03-11-2025)+ Liquidity: current ratio 1.53, cash €655,139+ Size: total assets €1.1m+ Equity €492,684 (45.3% of total assets)Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Better than 83% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency 70+4
equity 45.3% of total assets
Liquidity 80+36
short-term debt 41.6% · cash 60.3%
Profitability 100+95
return on assets 33.5%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (26,360 companies)
Last 12 months 11-2025: 0.4%highest value 12-2025: < 0.1%▼ -92.3% vs 11-2025lowest value 01-2026: < 0.1%● 0.0% vs 12-2025lowest value 02-2026: < 0.1%● 0.0% vs 01-2026lowest value 03-2026: < 0.1%● 0.0% vs 02-2026lowest value 04-2026: < 0.1%● 0.0% vs 03-2026lowest value 05-2026: < 0.1%● 0.0% vs 04-2026lowest value 06-2026: < 0.1%▲ +2.9% vs 05-2026 07-2026: < 0.1%▼ -2.9% vs 06-2026lowest value 08-2026: < 0.1%▲ +2.9% vs 07-2026 09-2026: < 0.1%● 0.0% vs 08-2026 10-2026: < 0.1%▲ +20.0% vs 09-2026
  • Liquidity: current ratio 1.53, cash €655,139 lowers the probability
  • Size: total assets €1.1m lowers the probability for this profile
  • Equity €492,684 (45.3% of total assets) lowers the probability
  • Figures for FY 2025 (filed 03-11-2025) raises the probability
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 1.53 against 0.37 in 2024; short-term debt: 41.6% and cash: 60.3% of total assets), but 54.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 61%, liquidity 86%, profitability 95%, growth against the median 88%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Liquidity: current ratio 1.53, cash €655,139
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Size: total assets €1.1m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Equity €492,684 (45.3% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Figures for FY 2025 (filed 03-11-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
202122232425
2020 to 2025 · latest year €492,684
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
6 d early
2023
5 d early
2022
5 d early
2021
5 d early
2020
30 d late
2018
122 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 26 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close02-10-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Back to profitnet €364,450
  3. Liquidity quadruplescurrent ratio 1.53

Key points

  • Positive: Back in profit in 2025after -€80,819 in 2024 €364,450 View
  • Positive: Among the best 5% on net resultsector median €5,673 · 15,308 companies €364,450 View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View

By topic

Financials

Fiscal year
2025
Total assets
€1.1m
Profit
€364,450
Solvency
45.3%
Total assets▲ 49.9%
Net result
20202025
Go to Financials

Timeline

Events
13
Since
2016
Next accounts
by 31-10-2026
  1. 31-10-2025Annual accounts filed
  2. 31-03-2025Back to profit
  3. 31-03-2025Liquidity quadruples
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Renting and operating of own or leased non-residential…NACE 68203
Founded
15-07-1999
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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