VANBECELAERE LUC
ActiveVANBECELAERE LUC has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €144k and a net result of €-17k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 61% of 521 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▼-54
Solvency98▼-2
Growth31▼-14
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.87 against 2.7 in 2024; short-term debt: 27.1% and cash: 24% of total assets), and 27.1% 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○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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Sector 72
lower
← fewer bankruptcies
more bankruptcies →
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
6 d early
2023
29 d late
2022
101 d late
2021
27 d early
2020
24 d late
2019
25 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€244k▼ 5.4%
2024 · €259k
2018: €269k
2019: €267k
2020: €278k
2021: €279k
2022: €250k
2023: €249k
2024: €259k
2018 → 2025
EBIT margin
10.9%▼ 5.6pp
2024 · 16.5%
2018: 12.8%
2019: 22.1%
2020: 27.4%
2021: 17.6%
2022: -19.7%
2023: 9.2%
2024: 16.5%
2018 → 2025
Net result
€-17k
2024 · €40k
2018: €44k
2019: €55k
2020: €65k
2021: €51k
2022: €-56k
2023: €17k
2024: €40k
2018 → 2025
Working capital
€46k▼ 58.8%
2024 · €112k
2018: €79k
2019: €59k
2020: €56k
2021: €54k
2022: €83k
2023: €91k
2024: €112k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€279k-€250k▼ 10.3%€249k▼ 0.5%€259k▲ 3.9%€244k▼ 5.4%
Equity€211k-€155k▼ 26.6%€172k▲ 10.6%€211k▲ 23.0%€144k▼ 31.9%
Operating result€49k-€-49k€23k€43k▲ 86.8%€27k▼ 37.6%
Net result€51k-€-56k€17k€40k▲ 140%€-17k
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 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €197k
Fixed assets
€97k▼ 1.6%
Current assets
€100k▼ 44.0%
Equity and liabilities €197k
Equity
€144k▼ 31.9%
Debt
€53k▼ 18.8%
The debt ratio rises from 23.8% to 27.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€37k▼
2024 · €58k
Cash flow
€-8k▼
2024 · €55k
Solvency
72.9%▼
2024 · 76.2%
Current ratio
1.87▼
2024 · 2.70
Quick ratio
1.87▼
2024 · 2.70
Debt / equity
0.37▲
2024 · 0.31
ROE
-12.2%▼
2024 · 18.7%
ROA
-8.9%▼
2024 · 14.3%
Interest coverage
1.00▼
2024 · 35.23
Debt
€53k▼
2024 · €66k
Debt ≤ 1 year
€53k▼
2024 · €66k
Income taxes
€19k▲
2024 · €14k
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€277k€197k▼
Fixed assets21/28€99k€97k▼
Tangible fixed assets22/27€99k€97k▼
Land and buildings22€84k€82k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€7k€11k▲
Current assets29/58€178k€100k▼
Amounts receivable within one year40/41€4k€6k▲
Trade receivables40€3k€6k▲
Other amounts receivable41€826€826=
Current investments50/53€103k€46k▼
Cash at bank and in hand54/58€70k€47k▼
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€277k€197k▼
Equity10/15€211k€144k▼
Contributions10/11€20k€20k=
Reserves13€191k€124k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€189k€122k▼
Amounts payable17/49€66k€53k▼
Amounts payable within one year42/48€66k€53k▼
Trade debts44€28k€6k▼
Suppliers440/4€28k€6k▼
Taxes, remuneration and social security45€1k-
Taxes450/3€1k-
Other amounts payable47/48€37k€48k▲
Income statement
Code20242025
Turnover70€259k€244k▼
Non-recurring operating income76A-€2k
Goods, raw materials, services and sundry goods60/61€198k€202k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€10k▼
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A-€6k
Gross operating margin9900€60k€45k▼
Operating profit (loss)9901€43k€27k▼
Financial income75/76B€13k€12k▼
Recurring financial income75€4k€3k▼
Non-recurring financial income76B€9k€8k▼
Financial charges65/66B€2k€36k▲
Recurring financial charges65€2k€36k▲
Profit (loss) for the period before taxes9903€54k€2k▼
Income taxes67/77€14k€19k▲
Profit (loss) for the period9904€40k€-17k▼
Profit (loss) for the period to be appropriated9905€40k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€-17k▼
Transfer from equity791/2-€67k
Transfer to equity691/2€40k-
To other reserves6921€40k-
Profit to be distributed694/7-€50k
Return on contributions (dividend)694-€50k
The notes to these accounts (7 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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €211k ▲23%
2 profitable years in a row build equity to €211k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
09-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 101 days late
2022
31-12
Financial
Weakest financial yearnet €-56k ▼209%
Net result drops to €-56k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Highest result since 2018net €65k ▲19.1%
Operating result €76k, net result €65k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Equity above €200kEq €208k ▲35.5%
2 profitable years in a row build equity to €208k.
21-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 113 days late
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 49 days late
2017
27-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 149 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Torhout
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.
Zonstraat 328820 TorhoutGround area
628 m²
Building footprint
183 m²
Volume, LiDAR
931 m³
Parcel 31523F0744/00M000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31523F0744/00M000 | Flanders | 627 m² | 1 · 183 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900XFUDSPJYLOLQ72
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Of 1,178 companies in sector 72109 we hold annual accounts for 716. 474 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-09-1991
Fiscal year end31-12
Activities, NACEBEL
72109Other research and development on natural sciences
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.