VANDAELE MATHIAS
ActiveVANDAELE MATHIAS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.68M and a net result of €-29k. Equity is growing by ~29.3% per year across the filed fiscal years. Its solvency ranks better than 57% of 8657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability20▼-62
Solvency85▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity ample (current ratio 1.89 against 3.47 in 2024; short-term debt: 30.2% and cash: 0.4% of total assets), and 40.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
59.7%
Return on assets
-0.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
29 d late
2022
12 d early
2021
11 d early
2020
16 d late
2019
30 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
€2.68M▼ 1.1%
2024 · €2.71M
2018: €210k
2019: €416k
2020: €720k
2021: €1.19M
2022: €1.47M
2023: €2.25M
2024: €2.71M
2018 → 2025
Total assets
€4.50M▲ 5.2%
2024 · €4.28M
2018: €317k
2019: €1.05M
2020: €1.49M
2021: €2.50M
2022: €2.91M
2023: €3.95M
2024: €4.28M
2018 → 2025
Net result
€-29k
2024 · €462k
2018: €142k
2019: €206k
2020: €305k
2021: €469k
2022: €286k
2023: €777k
2024: €462k
2018 → 2025
Working capital
€1.21M▼ 31.2%
2024 · €1.76M
2018: €201k
2019: €881k
2020: €1.20M
2021: €1.63M
2022: €2.02M
2023: €2.33M
2024: €1.76M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.19M-€1.47M▲ 24.0%€2.25M▲ 52.7%€2.71M▲ 20.5%€2.68M▼ 1.1%
Operating result€681k-€446k▼ 34.5%€1.17M▲ 163%€720k▼ 38.6%€-43k
Net result€469k-€286k▼ 39.1%€777k▲ 172%€462k▼ 40.5%€-29k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €43k after €720k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.50M
Fixed assets
€1.92M▲ 6.9%
Current assets
€2.57M▲ 3.9%
Equity and liabilities €4.50M
Equity
€2.68M▼ 1.1%
Debt
€1.81M▲ 16.0%
The debt ratio rises from 36.5% to 40.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15k▼
2024 · €773k
Cash flow
€30k▼
2024 · €515k
Solvency
59.7%▼
2024 · 63.5%
Current ratio
1.89▼
2024 · 3.47
Quick ratio
1.89▼
2024 · 3.47
Debt / equity
0.68▲
2024 · 0.58
ROE
-1.1%▼
2024 · 17.0%
ROA
-0.7%▼
2024 · 10.8%
Interest coverage
0.21▼
2024 · 14.72
Debt
€1.81M▲
2024 · €1.56M
Debt ≤ 1 year
€1.36M▲
2024 · €713k
Debt > 1 year
€405k▼
2024 · €790k
Income taxes
€3k▼
2024 · €219k
Staff costs
€0▼
2024 · €1k
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€4.28M€4.50M▲
Fixed assets21/28€1.80M€1.92M▲
Tangible fixed assets22/27€1.79M€1.92M▲
Land and buildings22€1.68M€1.80M▲
Plant, machinery and equipment23€73k€69k▼
Furniture and vehicles24€38k€46k▲
Financial fixed assets28€5k€5k=
Current assets29/58€2.48M€2.57M▲
Amounts receivable after more than one year29-€267k
Other amounts receivable291-€267k
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€2.38M€2.29M▼
Trade receivables40€863k€102k▼
Other amounts receivable41€1.51M€2.19M▲
Cash at bank and in hand54/58€97k€16k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€4.28M€4.50M▲
Equity10/15€2.71M€2.68M▼
Contributions10/11€19k€19k=
Reserves13€2.69M€2.69M▼
Distributable reserves133€2.69M€2.69M▼
Profit (loss) carried forward14-€-28k
Amounts payable17/49€1.56M€1.81M▲
Amounts payable after more than one year17€790k€405k▼
Financial debts170/4€790k€405k▼
Amounts payable within one year42/48€713k€1.36M▲
Current portion of amounts payable after more than one year42€86k€35k▼
Financial debts43-€1.00M
Credit institutions430/8-€1.00M
Trade debts44€202k€245k▲
Suppliers440/4€202k€245k▲
Taxes, remuneration and social security45€423k€38k▼
Taxes450/3€423k€38k▼
Other amounts payable47/48€3k€41k▲
Accrued charges and deferred income492/3€59k€48k▼
Income statement
Code20242025
Non-recurring operating income76A€2k€16k▲
Remuneration, social security and pensions62€1k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€59k▲
Other operating charges640/8€160k€35k▼
Gross operating margin9900€933k€51k▼
Operating profit (loss)9901€720k€-43k▼
Financial income75/76B€13k€91k▲
Recurring financial income75€13k€91k▲
Financial charges65/66B€52k€73k▲
Recurring financial charges65€52k€73k▲
Profit (loss) for the period before taxes9903€681k€-26k▼
Income taxes67/77€219k€3k▼
Profit (loss) for the period9904€462k€-29k▼
Profit (loss) for the period to be appropriated9905€462k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€462k€-29k▼
Transfer from equity791/2-€2k
Transfer to equity691/2€462k€0▼
To other reserves6921€462k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (28 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-29k ▼106%
Net result drops to €-29k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €777k ▲172%
Operating result €1.17M, net result €777k, both a record.
31-12
Financial
Equity above €2MEq €2.25M ▲52.7%
6 profitable years in a row build equity to €2.25M.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €1MEq €1.19M ▲65.1%
4 profitable years in a row build equity to €1.19M.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial
Equity above €500kEq €720k ▲73.3%
3 profitable years in a row build equity to €720k.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 6.85
Current ratio from 3.27 to 6.85.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Kortrijk · 1 establishment unit since 2011
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.
Walleweg(Rol) 1248510 KortrijkGround area
4,376 m²
Building footprint
167 m²
Volume, LiDAR
155 m³
Parcel 34033C0021/00D000, Flanders · tallest building 4.6 m. Linked by address, not a title deed.
1 establishment unit
VANDAELE MATHIAS
since 20112.205.924.609
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34033C0021/00D000 | Flanders | 4,376 m² | 1 · 167 m² | 4.6 m |
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.
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Of 5,700 companies in sector 70100 we hold annual accounts for 3,495. 1,441 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-11-2011
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
43211General electrical installation work
47715Retail trade
47722Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 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.