Vanbael Construct & Maintenance
ActiveSummary
Vanbael Construct & Maintenance has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €359,835 and a net result of €73,098. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 73% of 1221 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▲+9
Solvency91▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.12 against 2.45 in 2023; short-term debt: 23.6% of total assets), and 34% of the assets are financed with debt.
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Signals
Three 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
36 d early
2022
34 d early
2021
34 d early
2020
39 d early
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€359,835▲ 8.5%
2023 · €331,538
Total assets
€545,035▲ 14.7%
2023 · €475,232
Net result
€73,098▲ 121%
2023 · €33,002
Working capital
€143,413▼ 1.5%
2023 · €145,638
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€83,605▲ 217%€68,799▼ 17.7%€94,016▲ 36.7%€52,225▼ 44.5%€93,458▲ 79.0%
Net result€62,490within the sector's middle half▲ 258%€77,112within the sector's middle half▲ 23.4%€63,670within the sector's middle half▼ 17.4%€33,002within the sector's middle half▼ 48.2%€73,098within the sector's middle half▲ 121%
Equity€157,754below the sector's middle half▲ 65.6%€234,866within the sector's middle half▲ 48.9%€298,536within the sector's middle half▲ 27.1%€331,538within the sector's middle half▲ 11.1%€359,835within the sector's middle half▲ 8.5%
Total assets€362,202below the sector's middle half▲ 45.0%€488,217below the sector's middle half▲ 34.8%€477,128below the sector's middle half▼ 2.3%€475,232below the sector's middle half▼ 0.4%€545,035below the sector's middle half▲ 14.7%
Debt€204,449▲ 32.3%€253,351▲ 23.9%€178,592▼ 29.5%€143,694▼ 19.5%€185,199▲ 28.9%
Working capital€31,489▲ 217%€18,514▼ 41.2%€83,920▲ 353%€145,638▲ 73.5%€143,413▼ 1.5%
Solvency43.6%within the sector's middle half▲ 5.4pp48.1%within the sector's middle half▲ 4.6pp62.6%within the sector's middle half▲ 14.5pp69.8%above the sector's middle half▲ 7.2pp66.0%within the sector's middle half▼ 3.7pp
Staff (FTE)1below the sector's middle half3.2below the sector's middle half▲ 220%3below the sector's middle half▼ 6.3%3.2within the sector's middle half▲ 6.7%5.8within the sector's middle half▲ 81.3%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 79% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €545,035
Fixed assets
€273,057 ▲ 19.1%
Current assets
€271,978 ▲ 10.6%
Equity and liabilities €545,035
Equity
€359,835 ▲ 8.5%
Debt
€185,199 ▲ 28.9%
Debt's share of the balance-sheet total rises from 30.2% to 34.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€146,712▲
2023 · €105,558
Cash flow
€126,352▲
2023 · €86,335
Current ratio
2.12▼
2023 · 2.45
Quick ratio
2.11▼
2023 · 2.45
Debt to equity
0.51▲
2023 · 0.43
ROE
20.3%▲
2023 · 10.0%
ROA
13.4%▲
2023 · 6.9%
Interest coverage
14.60▲
2023 · 10.80
Debt ≤ 1 year
€128,564▲
2023 · €100,305
Debt > 1 year
€56,510▲
2023 · €43,264
Income taxes
€29,999▲
2023 · €23,779
Staff costs
€280,263▲
2023 · €189,183
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €158,401 | €152,276 | €189,183 | €280,263 | ▲ 48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,958 | €49,086 | €56,729 | €53,333 | €53,254 | ▼ 0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €13,781 | - | - | - |
| Other operating charges640/8 | - | €6,992 | €4,253 | €5,190 | €5,443 | ▲ 4.9% |
| Non-recurring operating charges66A | - | - | - | €2,490 | - | - |
| Gross operating margin9900 | €166,686 | €283,278 | €321,055 | €302,421 | €432,418 | ▲ 43.0% |
| Operating profit (loss)9901 | €83,605 | €68,799 | €94,016 | €52,225 | €93,458 | ▲ 79.0% |
| Financial income75/76B | - | €45,267 | €10,901 | €14,328 | €19,686 | ▲ 37.4% |
| Recurring financial income75 | €6,177 | €45,267 | €10,901 | €14,328 | €19,686 | ▲ 37.4% |
| Financial charges65/66B | - | €9,351 | €7,722 | €9,771 | €10,047 | ▲ 2.8% |
| Recurring financial charges65 | €5,331 | €9,351 | €7,722 | €9,771 | €10,047 | ▲ 2.8% |
| Profit (loss) for the period before taxes9903 | €84,451 | €104,716 | €97,195 | €56,782 | €103,097 | ▲ 81.6% |
| Income taxes67/77 | €21,960 | €27,604 | €33,525 | €23,779 | €29,999 | ▲ 26.2% |
| Profit (loss) for the period9904 | €62,490 | €77,112 | €63,670 | €33,002 | €73,098 | ▲ 121% |
| Profit (loss) for the period to be appropriated9905 | €62,490 | €77,112 | €63,670 | €33,002 | €73,098 | ▲ 121% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €362,202 | €488,217 | €477,128 | €475,232 | €545,035 | ▲ 14.7% |
| Fixed assets21/28 | €237,711 | €319,045 | €274,074 | €229,289 | €273,057 | ▲ 19.1% |
| Tangible fixed assets22/27 | €237,711 | €319,045 | €274,074 | €229,289 | €273,057 | ▲ 19.1% |
| Land and buildings22 | - | €167,418 | €156,956 | €151,769 | €141,035 | ▼ 7.1% |
| Plant, machinery and equipment23 | - | €17,732 | €15,738 | €14,509 | €14,565 | ▲ 0.4% |
| Furniture and vehicles24 | - | €112,955 | €88,603 | €60,513 | €114,790 | ▲ 89.7% |
| Leasing and similar rights25 | - | €19,600 | €9,800 | - | - | - |
| Other tangible fixed assets26 | - | €1,339 | €2,977 | €2,498 | €2,667 | ▲ 6.8% |
| Current assets29/58 | €124,491 | €169,172 | €203,054 | €245,943 | €271,978 | ▲ 10.6% |
| Stocks and contracts in progress3 | €159 | €167 | €167 | €167 | €167 | = |
| Stocks30/36 | - | €167 | €167 | €167 | €167 | = |
| Amounts receivable within one year40/41 | €96,070 | €156,949 | €187,238 | €223,476 | €260,871 | ▲ 16.7% |
| Trade receivables40 | - | €62,571 | €74,842 | €51,030 | €87,128 | ▲ 70.7% |
| Other amounts receivable41 | - | €94,377 | €112,396 | €172,446 | €173,742 | ▲ 0.8% |
| Cash at bank and in hand54/58 | €24,412 | €1,305 | €5,957 | €12,125 | - | - |
| Deferred charges and accrued income490/1 | - | €10,751 | €9,692 | €10,175 | €10,939 | ▲ 7.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €362,202 | €488,217 | €477,128 | €475,232 | €545,035 | ▲ 14.7% |
| Equity10/15 | €157,754 | €234,866 | €298,536 | €331,538 | €359,835 | ▲ 8.5% |
| Contributions10/11 | - | €22,000 | €22,000 | €22,000 | €22,000 | = |
| Reserves13 | €134,700 | €211,800 | €275,450 | €308,450 | €336,700 | ▲ 9.2% |
| Distributable reserves133 | - | €211,800 | €275,450 | €308,450 | €336,700 | ▲ 9.2% |
| Profit (loss) carried forward14 | €1,054 | €1,066 | €1,086 | €1,088 | €1,135 | ▲ 4.4% |
| Amounts payable17/49 | €204,449 | €253,351 | €178,592 | €143,694 | €185,199 | ▲ 28.9% |
| Amounts payable after more than one year17 | €111,321 | €102,568 | €59,334 | €43,264 | €56,510 | ▲ 30.6% |
| Financial debts170/4 | - | €102,568 | €59,334 | €43,264 | €56,510 | ▲ 30.6% |
| Amounts payable within one year42/48 | €93,002 | €150,658 | €119,133 | €100,305 | €128,564 | ▲ 28.2% |
| Current portion of amounts payable after more than one year42 | - | €52,847 | €43,382 | €31,046 | €46,762 | ▲ 50.6% |
| Financial debts43 | - | €29,817 | €29,853 | €6,755 | €24,290 | ▲ 260% |
| Credit institutions430/8 | - | €29,817 | €29,853 | €6,755 | €24,290 | ▲ 260% |
| Trade debts44 | €20,781 | €53,377 | €28,629 | €23,540 | €32,134 | ▲ 36.5% |
| Suppliers440/4 | - | €53,377 | €28,629 | €23,540 | €32,134 | ▲ 36.5% |
| Taxes, remuneration and social security45 | - | €14,617 | €17,269 | €38,963 | €25,378 | ▼ 34.9% |
| Taxes450/3 | - | €8,960 | €14,435 | €18,053 | - | - |
| Remuneration and social security454/9 | - | €5,657 | €2,834 | €20,910 | €25,378 | ▲ 21.4% |
| Accrued charges and deferred income492/3 | - | €125 | €125 | €125 | €125 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62,490 | €77,112 | €63,670 | €33,002 | €73,098 | ▲ 121% |
| + Depreciation and write-downs630 | €28,958 | €49,086 | €56,729 | €53,333 | €53,254 | ▼ 0.1% |
| Operating cash flow (approximation) | €91,448 | €126,199 | €120,399 | €86,335 | €126,352 | ▲ 46.4% |
| Investment in fixed assets (approximation) | - | -€130,420 | -€11,758 | -€8,548 | -€97,022 | ▼ 1,035% |
| Change in cash | - | -€23,108 | €4,652 | €6,168 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €77,112 ▲23.4%
Net result €77,112, the highest in the series.
31-12
Financial
Equity above €200,000Eq €234,866 ▲48.9%
4 profitable years in a row build equity to €234,866.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150,000Eq €157,754 ▲65.6%
3 profitable years in a row build equity to €157,754.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €17,476 ▼30.9%
Net result drops to €17,476, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 10 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Beringen · 1 establishment unit since 2010
Ground area
1,768 m²
Building footprint
220 m²
Volume, LiDAR
1,182 m³
Parcel 71029B0326/00G002, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vanbael Construct & Maintenance BV
since 20102.189.060.762
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71029B0326/00G002 | Flanders | 1,767 m² | 1 · 220 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 3,462 companies in sector 25530 we hold annual accounts for 1,655. 1,327 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-04-2010
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25530Machining of metals
43230Insulation installation
43310Plastering work
43333Wallpapering and laying of floor and wall coverings in other materials
43990Other specialised construction activities
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
Contact
Website
www.vanbaelconstruct.be
E-mail
info@vanbaelconstruct.be
Phone
+32 475 64 90 41
Phone
+32472878876
E-invoicing
Reachable via Peppol
Peppol ID
0208:0825057848
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.