VANBESELAERE CONSTRUCT

Active

Private limited companyfounded 20206 yrs activeBruggesteenweg 265, 8830 Hooglede, BelgiumKBO/BCE: BE 0743.670.195

The computed 12-month bankruptcy probability of VANBESELAERE CONSTRUCT is 2.7% (moderate). The 2024 annual accounts show equity of €24k and a net result of €10k. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 15% of 1630 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

53 / 100

Fair▲ +2 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+26

Solvency16▼-1

Growth78▲+26

Stability100

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity short (current ratio 0.96 against 0.8 in 2023), and 90.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 25

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

9.4%

Return on assets

Age of the figures

20 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 1630 sector peers (2024).

NBB · sector comparison

Position among 1630 sector peers

Solvency

better than 15%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

1 d early

2023

6 d late

2022

32 d early

2021

35 d early

2020

33 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€24k▼ 16.4%

2023 · €29k

2020: €11k 2021: €23k 2022: €24k 2023: €29k

2020 → 2024

Total assets

€255k▲ 40.9%

2023 · €181k

2020: €91k 2021: €145k 2022: €225k 2023: €181k

2020 → 2024

Net result

€10k▲ 143%

2023 · €4k

2020: €9k 2021: €12k 2022: €2k 2023: €4k

2020 → 2024

Working capital

€-7k▲ 57.0%

2023 · €-17k

2020: €-4k 2021: €-4k 2022: €-20k 2023: €-17k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€11k-€23k▲ 105%€24k▲ 7.4%€29k▲ 17.5%€24k▼ 16.4%

Operating result€10k-€17k▲ 68.7%€4k▼ 78.0%€8k▲ 98.5%€17k▲ 124%

Net result€9k-€12k▲ 35.5%€2k▼ 85.5%€4k▲ 152%€10k▲ 143%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 124% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €255k

36.5%

63.5%

Fixed assets €93k▼ 16.2%

Current assets €162k▲ 132%

Equity and liabilities €255k

90.6%

Equity €24k▼ 16.4%

Debt €231k▲ 51.7%

The debt ratio rises from 84.2% to 90.6%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€48k▲

2023 · €44k

Cash flow

€41k▲

2023 · €41k

Solvency

9.4%▼

2023 · 15.8%

Current ratio

0.96▲

2023 · 0.80

Quick ratio

0.83▲

2023 · 0.60

Debt / equity

9.66▲

2023 · 5.32

ROE

43.2%▲

2023 · 14.9%

ROA

4.0%▲

2023 · 2.4%

Interest coverage

14.25▲

2023 · 13.36

Debt

€231k▲

2023 · €152k

Debt ≤ 1 year

€169k▲

2023 · €87k

Debt > 1 year

€60k▼

2023 · €65k

Income taxes

€4k

Staff costs

€127k▲

2023 · €28k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€181k€255k▲

Fixed assets21/28€111k€93k▼

Intangible fixed assets21€6k€5k▼

Tangible fixed assets22/27€105k€88k▼

Plant, machinery and equipment23€36k€32k▼

Furniture and vehicles24€63k€36k▼

Leasing and similar rights25€6k€818▼

Other tangible fixed assets26-€19k

Current assets29/58€70k€162k▲

Amounts receivable after more than one year29-€20k

Other amounts receivable291-€20k

Stocks and contracts in progress3€18k€21k▲

Stocks30/36€6k€21k▲

Contracts in progress37€12k-

Amounts receivable within one year40/41€28k€89k▲

Trade receivables40€24k€86k▲

Other amounts receivable41€4k€3k▼

Cash at bank and in hand54/58€11k€25k▲

Deferred charges and accrued income490/1€14k€7k▼

Equity and liabilities

Total equity and liabilities10/49€181k€255k▲

Equity10/15€29k€24k▼

Contributions10/11€3k€3k=

Reserves13€25k€20k▼

Distributable reserves133€25k€20k▼

Profit (loss) carried forward14€1k€1k▲

Amounts payable17/49€152k€231k▲

Amounts payable after more than one year17€65k€60k▼

Financial debts170/4€65k€60k▼

Amounts payable within one year42/48€87k€169k▲

Current portion of amounts payable after more than one year42€44k€37k▼

Financial debts43-€5k

Credit institutions430/8-€5k

Trade debts44€32k€63k▲

Suppliers440/4€32k€63k▲

Taxes, remuneration and social security45€11k€45k▲

Taxes450/3€6k€23k▲

Remuneration and social security454/9€5k€22k▲

Other amounts payable47/48-€19k

Accrued charges and deferred income492/3-€2k

Income statement Code20232024

Non-recurring operating income76A-€852

Remuneration, social security and pensions62€28k€127k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€31k▼

Other operating charges640/8€2k€2k▲

Gross operating margin9900€73k€177k▲

Operating profit (loss)9901€8k€17k▲

Financial income75/76B€10€343▲

Recurring financial income75€10€343▲

Financial charges65/66B€3k€3k▲

Recurring financial charges65€3k€3k▲

Profit (loss) for the period before taxes9903€4k€14k▲

Income taxes67/77-€4k

Profit (loss) for the period9904€4k€10k▲

Profit (loss) for the period to be appropriated9905€4k€10k▲

Appropriation of the result

Profit (loss) to be appropriated9906€6k€11k▲

Profit (loss) brought forward from the previous period14P€2k€1k▼

Transfer from equity791/2-€5k

Transfer to equity691/2€5k-

To other reserves6921€5k-

Profit to be distributed694/7-€15k

Return on contributions (dividend)694-€15k

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

2025

30-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

06-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 6 days late

2023

29-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €2k ▼85.5%

Net result drops to €2k, the lowest in the series; recovery starts the following year.

26-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Highest result since 2020net €12k ▲35.5%

Operating result €17k, net result €12k, both a record.

28-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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, Hooglede · 2 establishment units since 2020

establishment All 2 establishment units on the map

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.

Bruggesteenweg 2658830 Hooglede

Ground area

1.5 ha

Building footprint

162 m²

Volume, LiDAR

685 m³

2 parcels, Flanders · tallest building 8.8 m, ±1 floor. Linked by address, not a title deed.

2 establishment units

VANBESELAERE CONSTRUCT

Rekestraat(STA) 5, 8840 StadenManufacture of metal structures and parts of structures

since 20202.299.456.561

Vanbeselaere Construct

Bruggesteenweg 265, 8830 HoogledeManufacture of metal structures and parts of structures

since 20252.382.086.408

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
36005B0518/00M000	Flanders	1.5 ha	-	-
36019C0430/00H000	Flanders	514 m²	1 · 162 m²	8.8 m · 1 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 · 1,723 EUR awarded · 1,470 EUR paid

Year	Entries	awarded	paid
2023	1	1,723 EUR	1,470 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 1,723 EUR · 1,470 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Dual-learning approval

3 live approvals

Lassen-constructie duaal (so)

Goedgekeurd · 2025 to 2030

Lasser-monteerder (vwo)

Goedgekeurd · 2025 to 2030

Lasser-monteerder duaal (so)

Goedgekeurd · 2025 to 2030

Similar companies · same sector, comparable size

GLOBAL FAIR & CONSTRUCT

Industrial Maintenance Piping

Of 3,448 companies in sector 25530 we hold annual accounts for 1,645. 799 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded14-02-2020

Fiscal year end31-12

Activities, NACEBEL

25530Machining of metals

33120Repair and maintenance of machinery

43240Other construction installation

43299Specialised construction activities

43350Other building finishing work

43910Bricklaying and masonry work

43990Other specialised construction activities

43994Specialised construction activities

43999Specialised construction activities

81210General cleaning of buildings

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.