Vandenberghe
ActiveSummary
Vandenberghe has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €614k and a net result of €67k. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 19.06 against 67.73 in 2024; short-term debt: 4.2% and cash: 11.3% of total assets), and 7.1% of the assets are financed with debt.
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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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
92.9%
Return on assets
10.2%
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 13-08-2026, 13 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
13 d late
2024
30 d late
2023
31 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
28 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€614k▲ 6.5%
2024 · €576k
Total assets
€660k▲ 9.7%
2024 · €602k
Net result
€67k▲ 48.1%
2024 · €45k
Working capital
€504k▲ 12.7%
2024 · €447k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€104k▲ 5.6%€67k▼ 35.6%€125k▲ 86.8%€55k▼ 55.9%€82k▲ 48.0%
Net result€84k▲ 3.7%€52k▼ 37.7%€98k▲ 87.4%€45k▼ 53.7%€67k▲ 48.1%
Equity€441k▲ 23.6%€473k▲ 7.3%€551k▲ 16.5%€576k▲ 4.6%€614k▲ 6.5%
Total assets€463k▲ 9.0%€498k▲ 7.7%€580k▲ 16.3%€602k▲ 3.8%€660k▲ 9.7%
Debt€3k▼ 93.5%€7k▲ 108%€10k▲ 51.8%€7k▼ 33.5%€28k▲ 317%
Working capital€269k▲ 41.3%€335k▲ 24.7%€379k▲ 13.1%€447k▲ 17.9%€504k▲ 12.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 48% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €660k
Fixed assets
€129k ▼ 13.2%
Current assets
€531k ▲ 17.2%
Equity and liabilities €660k
Equity
€614k ▲ 6.5%
Provisions
€19k =
Debt
€28k ▲ 317%
Debt's share of the balance-sheet total rises from 1.1% to 4.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€120k▲
2024 · €99k
Cash flow
€106k▲
2024 · €89k
Current ratio
19.06▼
2024 · 67.73
Debt to equity
0.05▲
2024 · 0.01
ROE
10.9%▲
2024 · 7.9%
ROA
10.2%▲
2024 · 7.5%
Interest coverage
83.80▼
2024 · 226.33
Debt ≤ 1 year
€28k▲
2024 · €7k
Income taxes
€18k▲
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40k | €49k | €34k | €44k | €39k | ▼ 12.2% |
| Other operating charges640/8 | €4k | €4k | €5k | €3k | €20k | ▲ 679% |
| Gross operating margin9900 | €148k | €120k | €164k | €102k | €140k | ▲ 37.5% |
| Operating profit (loss)9901 | €104k | €67k | €125k | €55k | €82k | ▲ 48.0% |
| Financial income75/76B | €2k | €2k | €3k | €4k | €5k | ▲ 33.3% |
| Recurring financial income75 | €2k | €2k | €3k | €4k | €5k | ▲ 33.3% |
| Financial charges65/66B | €1k | €635 | €1k | €438 | €1k | ▲ 228% |
| Recurring financial charges65 | €1k | €635 | €1k | €438 | €1k | ▲ 228% |
| Profit (loss) for the period before taxes9903 | €105k | €68k | €127k | €59k | €86k | ▲ 45.7% |
| Income taxes67/77 | €21k | €16k | €29k | €13k | €18k | ▲ 37.7% |
| Profit (loss) for the period9904 | €84k | €52k | €98k | €45k | €67k | ▲ 48.1% |
| Profit (loss) for the period to be appropriated9905 | €84k | €52k | €98k | €45k | €67k | ▲ 48.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €463k | €498k | €580k | €602k | €660k | ▲ 9.7% |
| Fixed assets21/28 | €191k | €157k | €191k | €148k | €129k | ▼ 13.2% |
| Tangible fixed assets22/27 | €190k | €156k | €190k | €148k | €128k | ▼ 13.3% |
| Land and buildings22 | €65k | €61k | €51k | €41k | €34k | ▼ 18.7% |
| Plant, machinery and equipment23 | €1k | €9k | €7k | €6k | €4k | ▼ 40.0% |
| Furniture and vehicles24 | €124k | €87k | €133k | €101k | €91k | ▼ 9.4% |
| Financial fixed assets28 | €625 | €625 | €625 | €625 | €625 | = |
| Current assets29/58 | €272k | €341k | €389k | €453k | €531k | ▲ 17.2% |
| Amounts receivable within one year40/41 | €150k | €136k | €154k | €174k | €208k | ▲ 19.3% |
| Trade receivables40 | €116k | €101k | €102k | €102k | €115k | ▲ 12.9% |
| Other amounts receivable41 | €33k | €35k | €53k | €73k | €93k | ▲ 28.4% |
| Current investments50/53 | - | - | - | - | €249k | - |
| Cash at bank and in hand54/58 | €122k | €204k | €234k | €279k | €75k | ▼ 73.3% |
| Deferred charges and accrued income490/1 | - | €1k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €463k | €498k | €580k | €602k | €660k | ▲ 9.7% |
| Equity10/15 | €441k | €473k | €551k | €576k | €614k | ▲ 6.5% |
| Contributions10/11 | €20k | €20k | €20k | €19k | €19k | = |
| Reserves13 | €420k | €452k | €531k | €558k | €595k | ▲ 6.7% |
| Non-distributable reserves130/1 | - | - | - | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Tax-exempt reserves132 | €85k | €85k | €85k | €85k | €85k | = |
| Distributable reserves133 | €335k | €367k | €445k | €471k | €508k | ▲ 7.9% |
| Provisions and deferred taxes16 | €19k | €19k | €19k | €19k | €19k | = |
| Provisions for liabilities and charges160/5 | €19k | €19k | €19k | €19k | €19k | = |
| Pensions and similar obligations160 | €19k | €19k | €19k | €19k | €19k | = |
| Amounts payable17/49 | €3k | €7k | €10k | €7k | €28k | ▲ 317% |
| Amounts payable within one year42/48 | €3k | €7k | €10k | €7k | €28k | ▲ 317% |
| Trade debts44 | €2k | €7k | €489 | €7k | €5k | ▼ 30.7% |
| Suppliers440/4 | €2k | €7k | €489 | €7k | €5k | ▼ 30.7% |
| Taxes, remuneration and social security45 | €826 | - | €10k | - | €23k | - |
| Taxes450/3 | €826 | - | €10k | - | €17k | - |
| Remuneration and social security454/9 | - | - | - | - | €7k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84k | €52k | €98k | €45k | €67k | ▲ 48.1% |
| + Depreciation and write-downs630 | €40k | €49k | €34k | €44k | €39k | ▼ 12.2% |
| Operating cash flow (approximation) | €124k | €101k | €132k | €89k | €106k | ▲ 18.4% |
| Investment in fixed assets (approximation) | - | €-15k | €-68k | €-1k | €-19k | ▼ 1,187% |
| Change in cash | - | €81k | €31k | €45k | €-204k | ▼ 558% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Highest result since 2018net €98k ▲87.4%
Operating result €125k, net result €98k, both a record.
31-12
Financial
Equity above €500kEq €551k ▲16.5%
6 profitable years in a row build equity to €551k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity times 18current ratio 85.41
Current ratio from 4.87 to 85.41; short-term debt falls from €49k to €3k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Zwevegem · 1 establishment unit since 1992
Ground area
1,955 m²
Building footprint
229 m²
Volume, LiDAR
1,005 m³
Parcel 34014A1000/00K000, Flanders · tallest building 28.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VANDENBERGHE DANNY BVBA
since 19922.057.087.611
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34014A1000/00K000 | Flanders | 1,955 m² | 1 · 229 m² | 28.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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 7,044 companies in sector 43221 we hold annual accounts for 3,472. 2,147 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-02-1992
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
Scores and ratios are computed by Checked and are not a credit decision.