VANDEMAAS
ActiveVANDEMAAS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €16k and a net result of €-12k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 21% of 1220 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-69
Solvency49▼-12
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.07 against 1.27 in 2023; short-term debt: 75.9% and cash: 6.6% of total assets), and 75.9% 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.
+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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
24.1%
Return on assets
-17.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 1220 sector peers (2024).
NBB · sector comparisonPosition among 1220 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
34 d early
2022
12 d early
2021
24 d early
2020
31 d early
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€16k▼ 42.2%
2023 · €28k
2018: €25k
2019: €22k
2020: €25k
2021: €27k
2022: €29k
2023: €28k
2018 → 2024
Total assets
€67k▼ 14.0%
2023 · €78k
2018: €48k
2019: €119k
2020: €42k
2021: €60k
2022: €71k
2023: €78k
2018 → 2024
Net result
€-12k
2023 · €44
2018: €9k
2019: €-2k
2020: €3k
2021: €2k
2022: €3k
2023: €44
2018 → 2024
Working capital
€4k▼ 73.4%
2023 · €13k
2018: €23k
2019: €11k
2020: €15k
2021: €19k
2022: €14k
2023: €13k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€25k-€27k▲ 8.4%€29k▲ 7.4%€28k▼ 2.8%€16k▼ 42.2%
Operating result€144-€6k▲ 4,107%€3k▼ 42.6%€1k▼ 62.0%€-9k
Net result€3k-€2k▼ 19.5%€3k▲ 34.2%€44▼ 98.4%€-12k
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 2024: a loss of €9k after €1k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €67k
Fixed assets
€13k▼ 13.6%
Current assets
€55k▼ 14.1%
Equity and liabilities €67k
Equity
€16k▼ 42.2%
Debt
€51k▲ 1.8%
The debt ratio rises from 64.1% to 75.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-7k▼
2023 · €4k
Cash flow
€-10k▼
2023 · €3k
Solvency
24.1%▼
2023 · 35.9%
Current ratio
1.07▼
2023 · 1.27
Quick ratio
1.02▼
2023 · 1.23
Debt / equity
3.14▲
2023 · 1.78
ROE
-73.0%▼
2023 · 0.2%
ROA
-17.6%▼
2023 · 0.1%
Interest coverage
-2.35▼
2023 · 9.14
Debt
€51k▲
2023 · €50k
Debt ≤ 1 year
€51k▲
2023 · €50k
Income taxes
€140▼
2023 · €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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€78k€67k▼
Fixed assets21/28€15k€13k▼
Tangible fixed assets22/27€8k€6k▼
Plant, machinery and equipment23€8k€6k▼
Furniture and vehicles24€152-
Financial fixed assets28€7k€7k=
Current assets29/58€64k€55k▼
Stocks and contracts in progress3€2k€3k▲
Stocks30/36€2k€3k▲
Amounts receivable within one year40/41€48k€48k▼
Trade receivables40€45k€46k▲
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€13k€4k▼
Deferred charges and accrued income490/1€755€246▼
Equity and liabilities
Total equity and liabilities10/49€78k€67k▼
Equity10/15€28k€16k▼
Contributions10/11€7k€7k=
Reserves13€22k€22k=
Distributable reserves133€22k€22k=
Profit (loss) carried forward14-€-12k
Amounts payable17/49€50k€51k▲
Amounts payable within one year42/48€50k€51k▲
Trade debts44€24k€28k▲
Suppliers440/4€24k€28k▲
Advances received on contracts in progress46€5k-
Taxes, remuneration and social security45€3k€1k▼
Taxes450/3€1k€1k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€18k€22k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€3k€1k▼
Gross operating margin9900€7k€-6k▼
Operating profit (loss)9901€1k€-9k▼
Financial income75/76B€321€208▼
Recurring financial income75€321€208▼
Financial charges65/66B€429€3k▲
Recurring financial charges65€429€3k▲
Profit (loss) for the period before taxes9903€1k€-12k▼
Income taxes67/77€1k€140▼
Profit (loss) for the period9904€44€-12k▼
Profit (loss) for the period to be appropriated9905€44€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€44€-12k▼
Transfer from equity791/2€806-
Profit to be distributed694/7€850-
Return on contributions (dividend)694€850-
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-12k ▼26900%
Net result drops to €-12k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
08-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 8 days late
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, Genk · 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.
Hasseltweg 3203600 GenkGround area
2,510 m²
Building footprint
484 m²
Volume, LiDAR
2,727 m³
2 parcels, Flanders · tallest building 21.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VANDEMAAS
since 20152.247.402.403
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71306G0215/00C126 | Flanders | 1,782 m² | 1 · 166 m² | 21.6 m · 3 fl. |
| 71306G0221/00X086 | Flanders | 727 m² | 1 · 319 m² | 8.3 m · 2 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.
Similar companies · same sector, comparable size
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RYO-TECH
BE 0792.191.575
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MERKURI
BE 1023.006.639
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GILSON ROGER
BE 0873.325.642
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VAESEN CONSTRUCT
BE 0588.995.282
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Of 3,988 companies in sector 25110 we hold annual accounts for 2,148. 975 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-09-2015
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
Sources
Crossroads Bank for EnterprisesNational Bank · 10 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
2 entriesE-mail:david.maes@vandemaas.com
Phone:0493 799 278