VANDECASTEELE ENGINEERING
ActiveVANDECASTEELE ENGINEERING has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187k and a net result of €16k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 94% of 2678 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
94
/ 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
Profitability79▼-4
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 17.21 against 4.49 in 2024; short-term debt: 5.8% and cash: 50.3% of total assets), and 6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
94%
Return on assets
8%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
12 d late
2024
1 d early
2023
2 d early
2022
4 d early
2021
30 d late
2020
30 d late
2019
91 d late
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€187k▲ 9.3%
2024 · €171k
2018: €103k
2019: €224k
2020: €284k
2021: €383k
2022: €128k
2023: €147k
2024: €171k
2018 → 2025
Total assets
€199k▼ 10.0%
2024 · €222k
2018: €154k
2019: €301k
2020: €302k
2021: €417k
2022: €455k
2023: €204k
2024: €222k
2018 → 2025
Net result
€16k▼ 35.6%
2024 · €25k
2018: €84k
2019: €121k
2020: €60k
2021: €99k
2022: €47k
2023: €19k
2024: €25k
2018 → 2025
Working capital
€187k▲ 9.8%
2024 · €170k
2018: €66k
2019: €197k
2020: €265k
2021: €372k
2022: €133k
2023: €142k
2024: €170k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€383k-€128k▼ 66.7%€147k▲ 14.9%€171k▲ 17.0%€187k▲ 9.3%
Operating result€129k-€68k▼ 47.2%€29k▼ 58.0%€36k▲ 26.1%€24k▼ 33.4%
Net result€99k-€47k▼ 52.2%€19k▼ 59.8%€25k▲ 31.0%€16k▼ 35.6%
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 falls in 2025; 2025 is 33% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €199k
Fixed assets
€1k▼ 51.9%
Current assets
€198k▼ 9.4%
Equity and liabilities €199k
Equity
€187k▲ 9.3%
Debt
€12k▼ 76.0%
The debt ratio falls from 22.6% to 6.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25k▼
2024 · €38k
Cash flow
€18k▼
2024 · €27k
Solvency
94.0%▲
2024 · 77.4%
Current ratio
17.21▲
2024 · 4.49
Quick ratio
17.21▲
2024 · 4.49
Debt / equity
0.06▼
2024 · 0.29
ROE
8.5%▼
2024 · 14.5%
ROA
8.0%▼
2024 · 11.2%
Interest coverage
76.47▼
2024 · 253.09
Debt
€12k▼
2024 · €50k
Debt ≤ 1 year
€12k▼
2024 · €49k
Income taxes
€8k▼
2024 · €11k
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€222k€199k▼
Fixed assets21/28€3k€1k▼
Tangible fixed assets22/27€3k€1k▼
Land and buildings22€3k€1k▼
Furniture and vehicles24€107€0▼
Current assets29/58€219k€198k▼
Amounts receivable within one year40/41€12k€10k▼
Trade receivables40€8k€3k▼
Other amounts receivable41€4k€7k▲
Current investments50/53-€88k
Cash at bank and in hand54/58€205k€100k▼
Deferred charges and accrued income490/1€1k€60▼
Equity and liabilities
Total equity and liabilities10/49€222k€199k▼
Equity10/15€171k€187k▲
Contributions10/11€20k€20k=
Reserves13€151k€167k▲
Distributable reserves133€151k€167k▲
Amounts payable17/49€50k€12k▼
Amounts payable within one year42/48€49k€12k▼
Trade debts44€771€408▼
Suppliers440/4€771€408▼
Taxes, remuneration and social security45€3k€1k▼
Taxes450/3€3k€1k▼
Other amounts payable47/48€45k€10k▼
Accrued charges and deferred income492/3€1k€500▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€211€216▲
Gross operating margin9900€38k€26k▼
Operating profit (loss)9901€36k€24k▼
Financial income75/76B€5€585▲
Recurring financial income75€5€585▲
Financial charges65/66B€150€333▲
Recurring financial charges65€150€333▲
Profit (loss) for the period before taxes9903€36k€24k▼
Income taxes67/77€11k€8k▼
Profit (loss) for the period9904€25k€16k▼
Profit (loss) for the period to be appropriated9905€25k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€16k▼
Transfer to equity691/2€25k€16k▼
To other reserves6921€25k€16k▼
The notes to these accounts (5 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
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 12 days late
2025
31-12
Financial
Weakest financial yearnet €16k ▼35.6%
Net result drops to €16k, the lowest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 17.21
Current ratio from 4.49 to 17.21; short-term debt falls from €49k to €12k.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €150kEq €171k ▲17%
7 profitable years in a row build equity to €171k.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 3.50
Current ratio from 1.42 to 3.50; short-term debt falls from €315k to €57k.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 15.78
Current ratio from 3.57 to 15.78; short-term debt falls from €76k to €18k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Highest result since 2018net €121k ▲44.2%
Operating result €163k, net result €121k, both a record.
31-12
Financial
Equity above €200kEq €224k ▲118%
2 profitable years in a row build equity to €224k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
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, Koekelare · 1 establishment unit since 2017
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.
Asstraat 68680 KoekelareGround area
3,769 m²
Building footprint
212 m²
Parcel 32010A0638/00G000, Flanders. Linked by address, not a title deed.
1 establishment unit
Vandecasteele Engineering
since 20172.268.930.859
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32010A0638/00G000 | Flanders | 3,769 m² | 1 · 212 m² | - |
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
2024 · 1 entry · 132 EUR awarded · 132 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 132 EUR | 132 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 16,874 companies in sector 62100 we hold annual accounts for 8,779. 6,689 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-09-2017
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
62020IT consultancy
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:vandecasteele.jan@gmail.com
Phone:0486/452711
Fax:051 58 10 82