Vande Ginste
ActiveSummary
Vande Ginste has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €530k and a net result of €57k. Equity is growing by ~36.6% per year across the filed fiscal years. Its solvency ranks better than 79% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+1
Solvency95▲+16
Growth75=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 4.92 against 1.75 in 2024; short-term debt: 5.8% and cash: 11.7% of total assets), and 30.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
69.8%
Return on assets
7.5%
Age of the figures
9 mo
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
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 28-04-2026, 94 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
94 d early
2024
34 d early
2023
89 d early
2022
17 d late
2021
61 d late
2020
97 d late
2019
122 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€395k▲ 11.3%
2019 · €355k
2018: €322k
2019: €355k
2018 → 2020
EBIT margin
13.0%▲ 7.6pp
2019 · 5.5%
2018: 1.8%
2019: 5.5%
2018 → 2020
Net result
€57k▲ 2.5%
2024 · €55k
2018: €10k
2019: €15k
2020: €37k
2021: €69k
2022: €67k
2023: €206k
2024: €55k
2018 → 2025
Working capital
€173k▲ 20.6%
2024 · €143k
2018: €-3k
2019: €-9k
2020: €-21k
2021: €16k
2022: €-16k
2023: €201k
2024: €143k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€195k-€262k▲ 34.4%€469k▲ 78.6%€473k▲ 1.0%€530k▲ 12.0%
Operating result€92k-€94k▲ 2.3%€299k▲ 217%€78k▼ 73.9%€83k▲ 6.7%
Net result€69k-€67k▼ 3.0%€206k▲ 207%€55k▼ 73.2%€57k▲ 2.5%
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 recovers in 2025; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €759k
Fixed assets
€543k ▼ 0.6%
Current assets
€217k ▼ 35.4%
Equity and liabilities €759k
Equity
€530k ▲ 12.0%
Debt
€229k ▼ 43.8%
Debt's share of the balance-sheet total falls from 46.3% to 30.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€147k▲
2024 · €142k
Cash flow
€120k▲
2024 · €120k
Current ratio
4.92▲
2024 · 1.75
Quick ratio
4.58▲
2024 · 1.41
Debt to equity
0.43▼
2024 · 0.86
ROE
10.7%▼
2024 · 11.7%
ROA
7.5%▲
2024 · 6.3%
Interest coverage
21.09▼
2024 · 23.57
Debt ≤ 1 year
€44k▼
2024 · €192k
Debt > 1 year
€185k▼
2024 · €216k
Income taxes
€29k▲
2024 · €23k
Staff costs
€485▲
2024 · €325
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€881k€759k▼
Fixed assets21/28€546k€543k▼
Intangible fixed assets21€492-
Tangible fixed assets22/27€545k€543k▼
Land and buildings22€446k€479k▲
Plant, machinery and equipment23€22k€14k▼
Furniture and vehicles24€77k€49k▼
Current assets29/58€335k€217k▼
Stocks and contracts in progress3€65k€15k▼
Stocks30/36€60k€15k▼
Contracts in progress37€5k-
Amounts receivable within one year40/41€41k€105k▲
Trade receivables40€11k€96k▲
Other amounts receivable41€31k€10k▼
Cash at bank and in hand54/58€221k€89k▼
Deferred charges and accrued income490/1€8k€8k▼
Equity and liabilities
Total equity and liabilities10/49€881k€759k▼
Equity10/15€473k€530k▲
Contributions10/11€12k€12k=
Reserves13€461k€517k▲
Tax-exempt reserves132€26k€26k=
Distributable reserves133€435k€491k▲
Amounts payable17/49€408k€229k▼
Amounts payable after more than one year17€216k€185k▼
Financial debts170/4€216k€185k▼
Amounts payable within one year42/48€192k€44k▼
Current portion of amounts payable after more than one year42€37k€31k▼
Trade debts44€83k-
Suppliers440/4€83k-
Advances received on contracts in progress46€10k-
Taxes, remuneration and social security45€6k€13k▲
Taxes450/3€6k€13k▲
Other amounts payable47/48€56k-
Income statement
Code20242025
Remuneration, social security and pensions62€325€485▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€64k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€146k€150k▲
Operating profit (loss)9901€78k€83k▲
Financial income75/76B€6k€9k▲
Recurring financial income75€6k€9k▲
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€78k€85k▲
Income taxes67/77€23k€29k▲
Profit (loss) for the period9904€55k€57k▲
Profit (loss) for the period to be appropriated9905€55k€57k▲
Appropriation of the result
Profit (loss) to be appropriated9906€55k€57k▲
Transfer from equity791/2€51k-
Transfer to equity691/2€55k€57k▲
To other reserves6921€55k€57k▲
Profit to be distributed694/7€51k-
Return on contributions (dividend)694€51k-
The notes to these accounts (11 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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity triplescurrent ratio 4.92
Current ratio from 1.75 to 4.92; short-term debt falls from €192k to €44k.
31-12
Financial
Equity above €500kEq €530k ▲12%
8 profitable years in a row build equity to €530k.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €206k ▲207%
Operating result €299k, net result €206k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.45
Current ratio from 0.91 to 2.45; short-term debt falls from €176k to €139k.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Equity above €200kEq €262k ▲34.4%
5 profitable years in a row build equity to €262k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Equity above €150kEq €195k ▲54.9%
4 profitable years in a row build equity to €195k.
05-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 97 days late
Show earlier events
2020
31-12
Financial
Equity above €100kEq €126k ▲41.1%
3 profitable years in a row build equity to €126k.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
10-07
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.
Directors · office · real estate
Directors
4 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, Diksmuide · 1 establishment unit since 2015
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.
Wijnendalestraat 108600 DiksmuideGround area
666 m²
Building footprint
86 m²
Volume, LiDAR
527 m³
Parcel 32001B0667/00P000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VANDE GINSTE
since 20152.241.111.556
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32001B0667/00P000 | Flanders | 666 m² | 1 · 86 m² | 8.0 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 595 EUR awarded · 574 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 326 EUR | 326 EUR |
| 2024 | 1 | 120 EUR | 99 EUR |
| 2022 | 1 | 149 EUR | 149 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 6,337 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-03-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
25999Manufacture of fabricated metal products, except machinery and equipment
27110Manufacture of electrical equipment
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43240Other construction installation
43410Roofing work
46150Agents in the wholesale of furniture, household goods and hardware
46842Wholesale trade
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.