VANDAELE CONSTRUCT
ActiveVANDAELE CONSTRUCT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €345k and a net result of €90k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 66% of 2179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+34
Solvency79▲+26
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.19 against 1.38 in 2024; short-term debt: 45.4% and cash: 30.4% of total assets), and 46.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
53.8%
Return on assets
14%
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 19-03-2026, 134 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
134 d early
2024
61 d late
2023
61 d late
2022
29 d late
2021
31 d late
2020
31 d late
2019
28 d early
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€345k▲ 35.3%
2024 · €255k
2018: €166k
2019: €209k
2020: €211k
2021: €216k
2022: €218k
2023: €210k
2024: €255k
2018 → 2025
Total assets
€641k▼ 28.3%
2024 · €894k
2018: €1.20M
2019: €1.44M
2020: €1.10M
2021: €1.26M
2022: €840k
2023: €1.02M
2024: €894k
2018 → 2025
Net result
€90k▲ 101%
2024 · €45k
2018: €22k
2019: €43k
2020: €3k
2021: €5k
2022: €2k
2023: €-8k
2024: €45k
2018 → 2025
Working capital
€347k▲ 45.5%
2024 · €239k
2018: €60k
2019: €150k
2020: €134k
2021: €137k
2022: €148k
2023: €163k
2024: €239k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€216k-€218k▲ 0.9%€210k▼ 3.9%€255k▲ 21.3%€345k▲ 35.3%
Operating result€22k-€12k▼ 44.7%€11k▼ 10.8%€79k▲ 629%€103k▲ 30.1%
Net result€5k-€2k▼ 58.8%€-8k€45k€90k▲ 101%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 30% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €641k
Fixed assets
€3k▼ 92.6%
Current assets
€638k▼ 25.8%
Equity and liabilities €641k
Equity
€345k▲ 35.3%
Debt
€296k▼ 53.7%
The debt ratio falls from 71.5% to 46.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€104k▼
2024 · €110k
Cash flow
€91k▲
2024 · €76k
Solvency
53.8%▲
2024 · 28.5%
Current ratio
2.19▲
2024 · 1.38
Quick ratio
2.19▲
2024 · 0.73
Debt / equity
0.86▼
2024 · 2.51
ROE
26.1%▲
2024 · 17.6%
ROA
14.0%▲
2024 · 5.0%
Interest coverage
5.96▲
2024 · 3.26
Debt
€296k▼
2024 · €639k
Debt ≤ 1 year
€291k▼
2024 · €621k
Debt > 1 year
€0▼
2024 · €9k
Income taxes
€407▼
2024 · €727
Staff costs
€241k▼
2024 · €642k
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€894k€641k▼
Fixed assets21/28€35k€3k▼
Intangible fixed assets21€499€0▼
Tangible fixed assets22/27€34k€3k▼
Plant, machinery and equipment23€20k€3k▼
Furniture and vehicles24€14k€0▼
Other tangible fixed assets26€0-
Current assets29/58€859k€638k▼
Stocks and contracts in progress3€408k€0▼
Stocks30/36€216k€0▼
Contracts in progress37€192k€0▼
Amounts receivable within one year40/41€345k€438k▲
Trade receivables40€313k€230k▼
Other amounts receivable41€31k€208k▲
Cash at bank and in hand54/58€85k€195k▲
Deferred charges and accrued income490/1€22k€5k▼
Equity and liabilities
Total equity and liabilities10/49€894k€641k▼
Equity10/15€255k€345k▲
Contributions10/11€362k€362k=
Capital10€362k€362k=
Issued capital100€362k€362k=
Reserves13€125k€125k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€119k€119k=
Profit (loss) carried forward14€-233k€-143k▲
Amounts payable17/49€639k€296k▼
Amounts payable after more than one year17€9k€0▼
Financial debts170/4€9k€0▼
Amounts payable within one year42/48€621k€291k▼
Current portion of amounts payable after more than one year42€10k€0▼
Financial debts43€214k€0▼
Credit institutions430/8€214k€0▼
Trade debts44€230k€135k▼
Suppliers440/4€230k€135k▼
Taxes, remuneration and social security45€47k€2k▼
Taxes450/3€4k€2k▼
Remuneration and social security454/9€43k€0▼
Other amounts payable47/48€120k€153k▲
Accrued charges and deferred income492/3€9k€5k▼
Income statement
Code20242025
Non-recurring operating income76A-€661k
Remuneration, social security and pensions62€642k€241k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€1k▼
Other operating charges640/8€6k€4k▼
Non-recurring operating charges66A-€5k
Gross operating margin9900€758k€354k▼
Operating profit (loss)9901€79k€103k▲
Financial income75/76B€142€5k▲
Recurring financial income75€142€5k▲
Financial charges65/66B€34k€17k▼
Recurring financial charges65€34k€17k▼
Profit (loss) for the period before taxes9903€45k€90k▲
Income taxes67/77€727€407▼
Profit (loss) for the period9904€45k€90k▲
Profit (loss) for the period to be appropriated9905€45k€90k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-233k€-143k▲
Profit (loss) brought forward from the previous period14P€-277k€-233k▲
Social balance
Average headcount (FTE)908712.43.1▼
The notes to these accounts (17 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
19-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €90k ▲101%
Operating result €103k, net result €90k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-8k ▼514%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200kEq €209k ▲26%
2 profitable years in a row build equity to €209k.
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2016
15-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 45 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
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.
22-01-2024
Magda Vynckier: Resigned as Director
22-01-2024
Martijn Vandaele: Resigned as Director
22-01-2024
Philip Vandaele: Resigned as Director
21-04-2017
Magda Vynckier: Resigned as Director
21-04-2017
Philip Vandaele: Resigned as Director
Location & real-estate footprint
Registered office, Ieper · 1 establishment unit since 2001
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.
Bargiestraat 348904 IeperGround area
4.0 ha
Building footprint
1.2 ha
Volume, LiDAR
122,950 m³
2 parcels, Flanders · tallest building 15.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Bargiestraat 34, 8900 Ieper
since 20012.093.176.163
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33003B0873/00E000 | Flanders | 3.3 ha | 1 · 9,494 m² | 15.2 m · 3 fl. |
| 33003B0806/00D000 | Flanders | 7,021 m² | 1 · 2,639 m² | 9.7 m · 3 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
2022 to 2025 · 4 entries · 2,366 EUR awarded · 2,754 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 597 EUR | 597 EUR |
| 2024 | 1 | 367 EUR | 755 EUR |
| 2023 | 1 | 195 EUR | 195 EUR |
| 2022 | 1 | 1,207 EUR | 1,207 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
10 categoriesVANDAELE CONSTRUCT NV34160
Similar companies · same sector, comparable size
MAENHOUT BOUWONDERNEMING
BE 0664.893.527
Kaprijke · Eq €345k
EURO-CONSTRUCTIE
BE 0887.981.550
Brussel · Eq €345k
NEBOUW
BE 0463.676.628
Nijlen · Eq €345k
FABRIO
BE 0439.185.811
Gerpinnes · Eq €345k
MIKAR
BE 0689.692.566
Antwerpen · Eq €344k
Of 29,801 companies in sector 41001 we hold annual accounts for 16,050. 10,552 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-04-2001
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.