Equity
VAN MAERREM has made a profit without a break since 2013.
VAN MAERREM has made a profit without a break since 2013.
Debts rose by €53,519 in 2025.
Green is investment, beige is depreciation.
Short-term debts fell from €104,323 to €55,547.
Latest accounts filed late: after the legal deadline.
More equity than 92% of companies in specialised construction. Sector median €57,703 · 35,137 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 67% of them on solvency, 52% on liquidity, 28% on profitability and 43% on growth.
The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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).
In July 2024, 6,049 companies had the same profile as VAN MAERREM has now. Each dot stands for 16 companies, two years later.
That fits the bankruptcy probability of VAN MAERREM itself: 0.5% within 12 months.
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 6,049 companies, not a prediction for VAN MAERREM. 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.
Liquidity is ample, with a current ratio of 3.96 (2.42 in 2024), above the usual 1.5. Short-term debt is 10.4% and cash 5% of total assets. 38.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 38 days after 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.
| Company | ||||
|---|---|---|---|---|
| VAN MAERREM Deerlijk | €534,523 | €41,681 | 61.8% | - |
| GROUP VANDERSTEENE Menen | €518,080 | €37,062 | 28.8% | - |
| ANDRES VERWARMING EN SANITAIR Temse | €569,877 | €43,007 | 72.4% | - |
| SANITAIR MICHIELS Kontich | €572,322 | €50,405 | 51.6% | - |
| BOOMPUTTE Wielsbeke | €477,506 | €32,961 | 24.1% | - |
| DEBERDT SILVIO Ostend | €419,756 | €48,671 | 72.5% | - |
| VANCRAEYNEST JACQUES Kortrijk | €474,504 | €28,223 | 29.2% | - |
These companies have the same main activity as VAN MAERREM: plumbing work (NACE 43221). They are comparable in size and age: total assets between €420,000 and €572,000, founded between 2005 and 2010.
VAN MAERREM files the micro format. That format states no turnover. The gross margin rose from €22,471 in 2008 to €41,681 in 2025.
The balance sheet grew most from 2020 to 2022 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.
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