Van Goethem & Co
ActiveVan Goethem & Co has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €341k and a net result of €59k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 53% of 969 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
81
/ 100
Excellent▲ +12 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-13
Solvency76▲+18
Growth52=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 0.95 in 2024), and 52% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
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
8.3%
Age of the figures
8 mo
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
29 d late
2023
71 d late
2022
60 d late
2021
31 d late
2020
30 d late
2019
33 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€341k▲ 20.6%
2024 · €283k
2018: €164k
2019: €185k
2020: €175k
2021: €233k
2022: €261k
2023: €268k
2024: €283k
2018 → 2025
Total assets
€711k▼ 4.7%
2024 · €746k
2018: €483k
2019: €767k
2020: €595k
2021: €563k
2022: €788k
2023: €641k
2024: €746k
2018 → 2025
Net result
€59k▼ 9.0%
2024 · €65k
2018: €71k
2019: €22k
2020: €-10k
2021: €59k
2022: €29k
2023: €24k
2024: €65k
2018 → 2025
Working capital
€59k
2024 · €-13k
2018: €92k
2019: €85k
2020: €68k
2021: €89k
2022: €42k
2023: €26k
2024: €-13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€233k-€261k▲ 12.0%€268k▲ 2.8%€283k▲ 5.4%€341k▲ 20.6%
Operating result€80k-€38k▼ 52.1%€40k▲ 5.0%€98k▲ 146%€89k▼ 9.7%
Net result€59k-€29k▼ 51.2%€24k▼ 16.2%€65k▲ 168%€59k▼ 9.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €711k
Fixed assets
€389k▼ 24.3%
Current assets
€322k▲ 38.5%
Equity and liabilities €711k
Equity
€341k▲ 20.6%
Debt
€370k▼ 20.1%
The debt ratio falls from 62.1% to 52.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€214k▲
2024 · €199k
Cash flow
€184k▲
2024 · €166k
Solvency
48.0%▲
2024 · 37.9%
Current ratio
1.22▲
2024 · 0.95
Quick ratio
1.22▲
2024 · 0.95
Debt / equity
1.08▼
2024 · 1.64
ROE
17.4%▼
2024 · 23.0%
ROA
8.3%▼
2024 · 8.7%
Interest coverage
16.61▼
2024 · 20.80
Debt
€370k▼
2024 · €464k
Debt ≤ 1 year
€263k▲
2024 · €246k
Debt > 1 year
€105k▼
2024 · €217k
Income taxes
€17k▼
2024 · €24k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€746k€711k▼
Fixed assets21/28€514k€389k▼
Tangible fixed assets22/27€513k€389k▼
Plant, machinery and equipment23€23k€16k▼
Furniture and vehicles24€107k€65k▼
Leasing and similar rights25€383k€307k▼
Financial fixed assets28€200€200=
Current assets29/58€233k€322k▲
Amounts receivable within one year40/41€93k€190k▲
Trade receivables40€65k€158k▲
Other amounts receivable41€28k€32k▲
Cash at bank and in hand54/58€122k€132k▲
Deferred charges and accrued income490/1€18k€0▼
Equity and liabilities
Total equity and liabilities10/49€746k€711k▼
Equity10/15€283k€341k▲
Contributions10/11€20k€20k=
Reserves13€263k€321k▲
Distributable reserves133€263k€321k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€464k€370k▼
Amounts payable after more than one year17€217k€105k▼
Financial debts170/4€217k€105k▼
Amounts payable within one year42/48€246k€263k▲
Current portion of amounts payable after more than one year42€136k€112k▼
Financial debts43-€8k
Other loans439-€8k
Trade debts44€32k€122k▲
Suppliers440/4€32k€122k▲
Taxes, remuneration and social security45€34k€17k▼
Taxes450/3€29k€9k▼
Remuneration and social security454/9€5k€8k▲
Other amounts payable47/48€43k€4k▼
Accrued charges and deferred income492/3€386€2k▲
Income statement
Code20242025
Non-recurring operating income76A€4k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€100k€125k▲
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A€14k€75▼
Gross operating margin9900€216k€217k▲
Operating profit (loss)9901€98k€89k▼
Financial income75/76B€5€1▼
Recurring financial income75€5€1▼
Financial charges65/66B€10k€13k▲
Recurring financial charges65€10k€13k▲
Profit (loss) for the period before taxes9903€89k€76k▼
Income taxes67/77€24k€17k▼
Profit (loss) for the period9904€65k€59k▼
Profit (loss) for the period to be appropriated9905€65k€59k▼
Appropriation of the result
Profit (loss) to be appropriated9906€65k€59k▼
Transfer from equity791/2€50k€0▼
Transfer to equity691/2€64k€58k▼
To other reserves6921€64k€58k▼
Profit to be distributed694/7€51k€1k▼
Return on contributions (dividend)694€51k€1k▼
The notes to these accounts (11 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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €59k
Net result €59k after one loss-making year.
31-12
Financial
Equity above €200kEq €233k ▲33.4%
Equity rises from €175k to €233k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-10k ▼145%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
06-06
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.
Directors · office · real estate
Directors
2 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, Hamme (Vl.) · 1 establishment unit since 1994
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.
Meerstraat 1279220 Hamme (Vl.)Ground area
1,272 m²
Building footprint
327 m²
Volume, LiDAR
1,003 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VAN GOETHEM & CO
since 19942.069.088.192
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452C0604/00H000 | Flanders | 734 m² | 1 · 130 m² | - |
| 42452C1225/00K000 | Flanders | 538 m² | 1 · 198 m² | 8.3 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 226 EUR awarded · 226 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 226 EUR | 226 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
4 categoriesVan Goethem & Co BV28493
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Of 1,805 companies in sector 42220 we hold annual accounts for 948. 599 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-10-1994
Fiscal year end31-12
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
45215
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.