VANCLOOSTER ENGINEERING
ActiveSummary
VANCLOOSTER ENGINEERING has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.3m and a net result of €228. Equity is shrinking by about 5% per year across the filed financial years. Its solvency ranks better than 95% of 2,408 sector peers (NACE 25, financial year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €2.3m
- Profit
- €228
Why 56raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 20-06-2025)lowers riskEquity €2.3m (98.3% of total assets)Founded in 2001Liquidity: current ratio 45.02, cash €332,402Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 25, small): better than 94% on solvency, 82% on liquidity, 10% on profitability and 30% on growth.
The bankruptcy probability was computed on 25-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 27 days before the deadline; the sector median (NACE 25) for financial year 2024 is 8 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (1)
- Amendment of the articlesPower of attorney
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet €228 ▼88.4%
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 25 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result turns negative in 2024: a loss of €48,183 after €4,199 in 2023, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,475 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 14,766 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €45,532 | €41,728 | €49,087 | €51,184 | ▲ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €106,209 | €82,069 | €74,338 | €64,128 | €10,726 | €13,144 | €13,788 | ▲ 4.9% |
| Other operating charges640/8 | - | - | - | €10,192 | €10,514 | €17,170 | €11,809 | ▼ 31.2% |
| Gross operating margin9900 | €184,084 | €181,120 | €129,108 | €125,880 | €68,556 | €83,600 | €28,598 | ▼ 65.8% |
| Operating profit (loss)9901 | €24,749 | €16,603 | €4,293 | €6,028 | €5,588 | €4,199 | -€48,183 | - |
| Financial income75/76B | - | - | - | €108 | €1 | €2,475 | €52,632 | ▲ 21× |
| Recurring financial income75 | €1,843 | €382 | €326 | €108 | €1 | €2,475 | €52,632 | ▲ 21× |
| Financial charges65/66B | - | - | - | €767 | €255 | €892 | €563 | ▼ 36.9% |
| Recurring financial charges65 | €306 | €819 | €612 | €767 | €255 | €892 | €563 | ▼ 36.9% |
| Profit (loss) for the period before taxes9903 | €26,286 | €16,166 | €4,007 | €5,369 | €5,334 | €5,782 | €3,886 | ▼ 32.8% |
| Income taxes67/77 | €1,638 | €6,295 | €2,426 | €3,729 | €4,022 | €3,814 | €3,658 | ▼ 4.1% |
| Profit (loss) for the period9904 | €24,648 | €9,871 | €1,581 | €1,640 | €1,312 | €1,968 | €228 | ▼ 88.4% |
| Profit (loss) for the period to be appropriated9905 | €24,648 | €9,871 | €1,581 | €1,640 | €1,312 | €1,968 | €228 | ▼ 88.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3.4m | €3.1m | €2.8m | €2.4m | €2.4m | €2.4m | €2.4m | ▼ 0.9% |
| Fixed assets21/28 | €0.8m | €0.7m | €0.6m | €0.6m | €0.6m | €0.6m | €0.5m | ▼ 2.4% |
| Tangible fixed assets22/27 | €0.8m | €0.7m | €0.6m | €0.6m | €0.6m | €0.6m | €0.5m | ▼ 2.4% |
| Land and buildings22 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | ▼ 1.1% |
| Plant, machinery and equipment23 | - | - | - | €0.009m | €0.02m | €0.02m | €0.02m | ▼ 22.1% |
| Furniture and vehicles24 | - | - | - | €0.008m | €0.005m | €0.003m | - | - |
| Current assets29/58 | €2.6m | €2.4m | €2.2m | €1.9m | €1.8m | €1.8m | €1.8m | ▼ 0.4% |
| Stocks and contracts in progress3 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 9.3% |
| Stocks30/36 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 9.3% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 16.0% |
| Trade receivables40 | - | - | - | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 32.4% |
| Other amounts receivable41 | - | - | - | - | - | €0.02m | €0.05m | ▲ 121% |
| Current investments50/53 | - | - | - | - | - | €1.3m | €1.3m | ▼ 6.4% |
| Cash at bank and in hand54/58 | €2.4m | €2.2m | €2.0m | €1.6m | €1.5m | €0.2m | €0.3m | ▲ 52.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.02m | €0.01m | €0.01m | ▼ 3.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3.4m | €3.1m | €2.8m | €2.4m | €2.4m | €2.4m | €2.4m | ▼ 0.9% |
| Equity10/15 | €3.1m | €3.0m | €2.6m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €3.1m | €3.0m | €2.6m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | - | - |
| Distributable reserves133 | - | - | - | €2.3m | €2.3m | €2.3m | €2.3m | ▲ 0.1% |
| Amounts payable17/49 | €0.3m | €0.1m | €0.2m | €0.1m | €0.06m | €0.06m | €0.04m | ▼ 35.4% |
| Amounts payable within one year42/48 | €0.3m | €0.1m | €0.2m | €0.1m | €0.06m | €0.06m | €0.04m | ▼ 35.4% |
| Trade debts44 | €0.2m | €0.07m | €0.04m | €0.05m | €0.03m | €0.05m | €0.03m | ▼ 41.2% |
| Suppliers440/4 | - | - | - | €0.05m | €0.03m | €0.05m | €0.03m | ▼ 41.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.02m | €0.01m | €0.007m | ▼ 46.3% |
| Taxes450/3 | - | - | - | €0.04m | €0.02m | €0.01m | €0.005m | ▼ 57.5% |
| Remuneration and social security454/9 | - | - | - | €0.003m | €0.002m | €0.002m | €0.003m | ▲ 8.1% |
| Other amounts payable47/48 | - | - | - | €0.007m | €0.007m | €0.003m | €0.006m | ▲ 117% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.02m | €0.01m | €0.002m | €0.002m | €0.001m | €0.002m | €228 | ▼ 88.4% |
| + Depreciation and write-downs630 | €0.1m | €0.08m | €0.07m | €0.06m | €0.01m | €0.01m | €0.01m | ▲ 4.9% |
| Operating cash flow (approximation) | €0.1m | €0.09m | €0.08m | €0.07m | €0.01m | €0.02m | €0.01m | ▼ 7.3% |
| Investment in fixed assets (approximation) | - | -€0.02m | -€0.02m | €0 | -€0.01m | -€0.01m | €0 | - |
| Change in cash | - | -€0.2m | -€0.2m | -€0.4m | -€0.02m | -€1.3m | €0.1m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 20-06-2025 | 2025-00156342 |
| 31-12-2023 | micro format | 01-07-2024 | 2024-00185622 |
| 31-12-2022 | micro format | 07-07-2023 | 2023-00213443 |
| 31-12-2021 | micro format | 16-06-2022 | 2022-20066948 |
| 31-12-2020 | micro format | 08-07-2021 | 2021-32300326 |
| 31-12-2019 | micro format | 30-07-2020 | 2020-35900396 |
| 31-12-2018 | micro format | 30-07-2019 | 2019-39700131 |
| 31-12-2017 | micro format | 27-07-2018 | 2018-38200521 |
| 31-12-2016 | micro format | 30-06-2017 | 2017-23700047 |
| 31-12-2015 | abbreviated format | 18-07-2016 | 2016-31800597 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Vanclooster Dave |
|
| Vanclooster Marc |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
07-01
Gazette deed
Amendment of the articlesPower of attorney2 facts ▸
- General meeting, 12-12-2025
- Power of attorney
26-02
Gazette deed
Resignation: Vanclooster Marc (manager)Appointment: Vanclooster Dave (director) · Purpose change · Amendment of the articles11 facts ▸
- General meeting, “eenparigheid van stemmen, buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Purpose change
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Share issue, 100, “inbrengen” (deed in Dutch)
- Director resignation, Vanclooster Marc (manager)
- Director appointment, Vanclooster Dave (director (not named in the articles))
- Director discharge, Vanclooster Marc
- Registered office clause, “8610 Kortemark,Lichterveldestraat 33” (deed in Dutch)
- Power of attorney
- Power of attorney, Debbie Hebbelinck
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 32011C1060/00N000 | Flanders | 1,052 m² | 1 · 208 m² | 15.5 m · 1 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- VANCLOOSTER ENGINEERING
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, enkel besluit bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, natuurlijke personen of rechtspersonen,aandeelhouder of niet” (deed in Dutch)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 October to 30 September
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of March at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment, met inachtneming vereisten statutenwijziging” (deed in Dutch)