VANBETSBRUGGE
ActiveSummary
VANBETSBRUGGE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €384,823. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 44% of 2076 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-3
Solvency64▲+5
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.45 in 2024; short-term debt: 61.4% and cash: 19.3% of total assets), but 61.4% of the assets are financed with debt.
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Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
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
38.6%
Return on assets
9.4%
Age of the figures
9 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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
7 d early
2023
7 d early
2022
39 d early
2021
41 d early
2020
33 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 24 July (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#7 company by total assets in Dentergem, Construction sector#8 employer in Dentergem#8 company by equity in Dentergem, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€384,823▼ 26.3%
2024 · €522,244
Working capital
€1.4m▲ 3.5%
2024 · €1.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20212022202320242025
Operating result€207,874▼ 36.0%€488,184▲ 135%€533,106▲ 9.2%€751,802▲ 41.0%€588,606▼ 21.7%
Net result€123,093above the sector's middle half▼ 43.4%€325,021above the sector's middle half▲ 164%€358,970above the sector's middle half▲ 10.4%€522,244above the sector's middle half▲ 45.5%€384,823above the sector's middle half▼ 26.3%
Equity€1.6mabove the sector's middle half▼ 0.1%€1.6mabove the sector's middle half▼ 0.1%€1.6mabove the sector's middle half▼ 0.1%€1.6mabove the sector's middle half▼ 0.1%€1.6mabove the sector's middle half=
Total assets€3.9mabove the sector's middle half▲ 8.2%€4.0mabove the sector's middle half▲ 3.4%€3.9mabove the sector's middle half▼ 2.6%€4.6mabove the sector's middle half▲ 18.1%€4.1mabove the sector's middle half▼ 11.2%
Debt€2.3m▲ 14.8%€2.4m▲ 5.8%€2.3m▼ 4.3%€3.0m▲ 30.4%€2.5m▼ 17.0%
Working capital€1.5mabove the sector's middle half▼ 1.1%€1.5mabove the sector's middle half▲ 2.0%€1.5mabove the sector's middle half▼ 5.0%€1.4mabove the sector's middle half▼ 5.3%€1.4mabove the sector's middle half▲ 3.5%
Solvency40.8%within the sector's middle half▼ 3.4pp39.5%within the sector's middle half▼ 1.4pp40.5%within the sector's middle half▲ 1.0pp34.3%within the sector's middle half▼ 6.2pp38.6%within the sector's middle half▲ 4.3pp
Current ratio1.65within the sector's middle half▼ 0.111.63within the sector's middle half▼ 0.021.63within the sector's middle half=1.45within the sector's middle half▼ 0.171.57within the sector's middle half▲ 0.11
Return on assets (ROA)3.2%within the sector's middle half▼ 2.9pp8.1%within the sector's middle half▲ 4.9pp9.2%within the sector's middle half▲ 1.1pp11.3%within the sector's middle half▲ 2.1pp9.4%within the sector's middle half▼ 1.9pp
Staff (FTE)22.6above the sector's middle half▲ 10.2%23.2above the sector's middle half▲ 2.7%22.4above the sector's middle half▼ 3.4%21.9above the sector's middle half▼ 2.2%21.6within the sector's middle half▼ 1.4%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.1m
Fixed assets
€157,597 ▼ 22.7%
Current assets
€4.0m ▼ 10.7%
Equity and liabilities €4.1m
Equity
€1.6m =
Debt
€2.5m ▼ 17.0%
Debt's share of the balance-sheet total falls from 65.7% to 61.4%. Debt is lower.
Key figures and ratios
EBITDA
€647,713▼
2024 · €809,195
Cash flow
€443,931▼
2024 · €579,638
Quick ratio
1.11▼
2024 · 1.26
Debt to equity
1.59▼
2024 · 1.92
ROE
24.3%▼
2024 · 32.9%
Interest coverage
9.02▼
2024 · 17.83
Debt ≤ 1 year
€2.5m▼
2024 · €3.0m
Income taxes
€137,113▼
2024 · €187,282
Staff costs
€1.4m▼
2024 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 20,134 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5,250 | - | €6,000 | €0 | - | - |
| Remuneration, social security and pensions62 | €1.3m | €1.3m | €1.4m | €1.4m | €1.4m | ▼ 0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,515 | €31,875 | €28,080 | €57,394 | €59,107 | ▲ 3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €109,009 | - | -€4,062 | €0 | - | - |
| Other operating charges640/8 | €6,635 | €7,274 | €21,821 | €24,135 | €7,615 | ▼ 68.4% |
| Gross operating margin9900 | €1.6m | €1.9m | €2.0m | €2.3m | €2.1m | ▼ 8.2% |
| Operating profit (loss)9901 | €207,874 | €488,184 | €533,106 | €751,802 | €588,606 | ▼ 21.7% |
| Financial income75/76B | €5,913 | €4,785 | €4,024 | €3,115 | €5,155 | ▲ 65.5% |
| Recurring financial income75 | €5,913 | €4,785 | €4,024 | €3,115 | €5,155 | ▲ 65.5% |
| Financial charges65/66B | €43,495 | €50,585 | €51,163 | €45,390 | €71,824 | ▲ 58.2% |
| Recurring financial charges65 | €43,495 | €50,585 | €51,163 | €45,390 | €71,824 | ▲ 58.2% |
| Profit (loss) for the period before taxes9903 | €170,292 | €442,384 | €485,967 | €709,526 | €521,937 | ▼ 26.4% |
| Income taxes67/77 | €47,200 | €117,363 | €126,997 | €187,282 | €137,113 | ▼ 26.8% |
| Profit (loss) for the period9904 | €123,093 | €325,021 | €358,970 | €522,244 | €384,823 | ▼ 26.3% |
| Profit (loss) for the period to be appropriated9905 | €123,093 | €325,021 | €358,970 | €522,244 | €384,823 | ▼ 26.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.9m | €4.0m | €3.9m | €4.6m | €4.1m | ▼ 11.2% |
| Fixed assets21/28 | €83,818 | €51,943 | €127,760 | €203,859 | €157,597 | ▼ 22.7% |
| Tangible fixed assets22/27 | €83,818 | €51,943 | €127,760 | €203,859 | €157,597 | ▼ 22.7% |
| Land and buildings22 | €23,715 | €16,055 | €8,395 | €735 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €6,762 | €5,132 | €3,502 | €9,918 | €17,579 | ▲ 77.2% |
| Furniture and vehicles24 | €53,341 | €30,756 | €115,863 | €193,206 | €140,018 | ▼ 27.5% |
| Current assets29/58 | €3.8m | €4.0m | €3.8m | €4.4m | €4.0m | ▼ 10.7% |
| Stocks and contracts in progress3 | €497,605 | €501,832 | €521,762 | €584,682 | €1.1m | ▲ 96.4% |
| Stocks30/36 | €285,245 | €293,362 | €300,232 | €301,422 | €298,332 | ▼ 1.0% |
| Contracts in progress37 | €212,360 | €208,470 | €221,530 | €283,260 | €850,000 | ▲ 200% |
| Amounts receivable within one year40/41 | €2.5m | €2.3m | €2.3m | €3.0m | €2.0m | ▼ 34.6% |
| Trade receivables40 | €2.1m | €1.9m | €2.0m | €2.8m | €1.8m | ▼ 34.2% |
| Other amounts receivable41 | €455,072 | €359,633 | €259,731 | €245,319 | €149,326 | ▼ 39.1% |
| Cash at bank and in hand54/58 | €746,869 | €1.2m | €939,366 | €793,729 | €795,123 | ▲ 0.2% |
| Deferred charges and accrued income490/1 | €17,520 | €15,522 | €31,947 | €40,353 | €44,480 | ▲ 10.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.9m | €4.0m | €3.9m | €4.6m | €4.1m | ▼ 11.2% |
| Equity10/15 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €2.3m | €2.4m | €2.3m | €3.0m | €2.5m | ▼ 17.0% |
| Amounts payable within one year42/48 | €2.3m | €2.4m | €2.3m | €3.0m | €2.5m | ▼ 17.1% |
| Trade debts44 | €1.4m | €1.1m | €1.5m | €1.6m | €1.2m | ▼ 24.0% |
| Suppliers440/4 | €1.4m | €1.1m | €1.5m | €1.6m | €1.2m | ▼ 24.0% |
| Advances received on contracts in progress46 | - | - | - | €2,724 | €182 | ▼ 93.3% |
| Taxes, remuneration and social security45 | €25,664 | €130,695 | €91,039 | €195,511 | €145,722 | ▼ 25.5% |
| Taxes450/3 | €671 | €57,623 | €8,602 | €74,110 | €78,002 | ▲ 5.3% |
| Remuneration and social security454/9 | €24,993 | €73,072 | €82,437 | €121,401 | €67,720 | ▼ 44.2% |
| Other amounts payable47/48 | €832,627 | €1.2m | €762,645 | €1.3m | €1.2m | ▼ 7.2% |
| Accrued charges and deferred income492/3 | - | - | - | €132 | €2,038 | ▲ 1,439% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €123,093 | €325,021 | €358,970 | €522,244 | €384,823 | ▼ 26.3% |
| + Depreciation and write-downs630 | €31,515 | €31,875 | €28,080 | €57,394 | €59,107 | ▲ 3.0% |
| Operating cash flow (approximation) | €154,608 | €356,896 | €387,050 | €579,638 | €443,931 | ▼ 23.4% |
| Investment in fixed assets (approximation) | - | €0 | -€103,898 | -€133,493 | -€12,845 | ▲ 90.4% |
| Change in cash | - | €436,188 | -€243,690 | -€145,638 | €1,394 | ▲ 101% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €522,244 ▲45.5%
Operating result €751,802, net result €522,244, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €123,093 ▼43.4%
Net result drops to €123,093, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Dentergem · 1 establishment unit since 1987
Ground area
3,597 m²
Building footprint
2,268 m²
Volume, LiDAR
13,366 m³
Parcel 37002A0397/00V000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VANBETSBRUGGE HERVE EN ZONEN
since 19872.030.951.158
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37002A0397/00V000 | Flanders | 3,597 m² | 1 · 2,268 m² | 8.1 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.
Structure & network
Owners and holdings
2 ownersOwners 2
-
50%
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 2,495 EUR awarded · 2,257 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,272 EUR | 2,062 EUR |
| 2024 | 1 | 103 EUR | 75 EUR |
| 2023 | 1 | 90 EUR | 90 EUR |
| 2022 | 1 | 30 EUR | 30 EUR |
Recognitions · licences · registrations
Recognised contractor
3 categoriesVANBETSBRUGGE NV16998
Dual-learning approval
2 live approvalsTechnicus installatietechnieken (vwo)
Technicus installatietechnieken duaal (so)
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Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 2,408 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-07-1987
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0431599520
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.