VANDENBERGHE PATRICK
ActiveSummary
VANDENBERGHE PATRICK has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €131,472 and a net result of €975. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 69% of 28806 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
What they do
General electrical installation work
NACE 43211
1 site
How big
€204,405total assets 2025
- Equity
- €131,472
- Profit
- €975
Turnover not published (abridged schema)
Who decides
Accounts 11 d early0 of 1 deed read
Why 66- Higher-failure-rate sector+ Long track record+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability41▲+26
Solvency89▲+6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 2.78 against 2.38 in 2024; short-term debt: 35.7% and cash: 7.2% of total assets), and 35.7% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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
64.3%
Return on assets
0.5%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-01-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
11 d early
2023
39 d early
2022
126 d late
2021
478 d late
2020
1 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 78 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 20 January (4 of the last 5 filed years within 137 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €975
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €204,405Profit €975Solvency 64.3%Liquidity 2.78
Turnover
€176,615
2021
Net result
€975
2019 - 2025
Equity
€131,472▲ 0.7%
2019 - 2025
Solvency
64.3%▲ 6.3pp
2019 - 2025
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€176,615
Operating result€7,675▼ 68.5%€16,403▲ 114%-€57,073-€6,842▲ 88.0%€2,519
Net result€4,890within the sector's middle half▼ 73.8%€10,779within the sector's middle half▲ 120%-€63,634below the sector's middle half-€7,587below the sector's middle half▲ 88.1%€975within the sector's middle half
EBIT margin4.3%
Equity€190,939above the sector's middle half▲ 2.6%€201,717above the sector's middle half▲ 5.6%€138,084above the sector's middle half▼ 31.5%€130,497within the sector's middle half▼ 5.5%€131,472within the sector's middle half▲ 0.7%
Total assets€393,862above the sector's middle half▼ 6.5%€316,975above the sector's middle half▼ 19.5%€236,473within the sector's middle half▼ 25.4%€224,873within the sector's middle half▼ 4.9%€204,405within the sector's middle half▼ 9.1%
Debt€202,923▼ 13.7%€115,258▼ 43.2%€98,389▼ 14.6%€94,376▼ 4.1%€72,933▼ 22.7%
Working capital€189,840above the sector's middle half▲ 1.7%€201,217above the sector's middle half▲ 6.0%€137,684above the sector's middle half▼ 31.6%€130,197above the sector's middle half▼ 5.4%€129,960above the sector's middle half▼ 0.2%
Solvency48.5%within the sector's middle half▲ 4.3pp63.6%within the sector's middle half▲ 15.2pp58.4%within the sector's middle half▼ 5.2pp58.0%within the sector's middle half▼ 0.4pp64.3%within the sector's middle half▲ 6.3pp
Current ratio1.94within the sector's middle half▲ 0.132.75within the sector's middle half▲ 0.812.40within the sector's middle half▼ 0.352.38within the sector's middle half▼ 0.022.78within the sector's middle half▲ 0.40
Return on assets (ROA)1.2%within the sector's middle half▼ 3.2pp3.4%within the sector's middle half▲ 2.2pp-26.9%below the sector's middle half▼ 30.3pp-3.4%below the sector's middle half▲ 23.5pp0.5%within the sector's middle half▲ 3.9pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2,519 after a loss of €6,842 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €204,405
Fixed assets
€1,512 ▲ 404%
Current assets
€202,893 ▼ 9.7%
Equity and liabilities €204,405
Equity
€131,472 ▲ 0.7%
Debt
€72,933 ▼ 22.7%
Debt's share of the balance-sheet total falls from 42.0% to 35.7%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€3,007▲
2024 · -€6,742
Cash flow
€1,463▲
2024 · -€7,487
Quick ratio
1.00▼
2024 · 1.00
Debt to equity
0.55▼
2024 · 0.72
ROE
0.7%▲
2024 · -5.8%
Interest coverage
2.61▲
2024 · -8.62
Debt ≤ 1 year
€72,933▼
2024 · €94,376
Income taxes
€506▲
2024 · €105
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.7%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €176,615 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €247,834 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €772 | €600 | €100 | €100 | €488 | ▲ 388% |
| Other operating charges640/8 | €492 | €647 | €82,440 | €6,883 | €755 | ▼ 89.0% |
| Gross operating margin9900 | €8,939 | €17,650 | €25,467 | €142 | €3,763 | ▲ 2,557% |
| Operating profit (loss)9901 | €7,675 | €16,403 | -€57,073 | -€6,842 | €2,519 | ▲ 137% |
| Financial income75/76B | - | - | €569 | €142 | €116 | ▼ 18.0% |
| Recurring financial income75 | - | - | €569 | €142 | €116 | ▼ 18.0% |
| Financial charges65/66B | €1,287 | €1,081 | €2,115 | €782 | €1,154 | ▲ 47.5% |
| Recurring financial charges65 | €1,287 | €1,081 | €2,115 | €782 | €1,154 | ▲ 47.5% |
| Profit (loss) for the period before taxes9903 | €6,388 | €15,323 | -€58,618 | -€7,483 | €1,481 | ▲ 120% |
| Income taxes67/77 | €1,498 | €4,544 | €5,015 | €105 | €506 | ▲ 384% |
| Profit (loss) for the period9904 | €4,890 | €10,779 | -€63,634 | -€7,587 | €975 | ▲ 113% |
| Profit (loss) for the period to be appropriated9905 | €4,890 | €10,779 | -€63,634 | -€7,587 | €975 | ▲ 113% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €393,862 | €316,975 | €236,473 | €224,873 | €204,405 | ▼ 9.1% |
| Fixed assets21/28 | €1,099 | €500 | €400 | €300 | €1,512 | ▲ 404% |
| Intangible fixed assets21 | €600 | €500 | €400 | €300 | €200 | ▼ 33.3% |
| Tangible fixed assets22/27 | €499 | - | - | - | €1,312 | - |
| Plant, machinery and equipment23 | €459 | - | - | - | €1,312 | - |
| Furniture and vehicles24 | €40 | - | - | - | €0 | - |
| Current assets29/58 | €392,763 | €316,475 | €236,073 | €224,573 | €202,893 | ▼ 9.7% |
| Stocks and contracts in progress3 | €163,870 | €101,000 | €130,000 | €130,000 | €130,000 | = |
| Stocks30/36 | €1,000 | €1,000 | €30,000 | €30,000 | €30,000 | = |
| Contracts in progress37 | €162,870 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Amounts receivable within one year40/41 | €198,163 | €127,368 | €91,134 | €73,496 | €58,186 | ▼ 20.8% |
| Trade receivables40 | €190,013 | €119,218 | €83,571 | €68,664 | €52,298 | ▼ 23.8% |
| Other amounts receivable41 | €8,150 | €8,150 | €7,564 | €4,832 | €5,889 | ▲ 21.9% |
| Cash at bank and in hand54/58 | €30,730 | €88,107 | €13,654 | €20,977 | €14,707 | ▼ 29.9% |
| Deferred charges and accrued income490/1 | - | - | €1,284 | €99 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €393,862 | €316,975 | €236,473 | €224,873 | €204,405 | ▼ 9.1% |
| Equity10/15 | €190,939 | €201,717 | €138,084 | €130,497 | €131,472 | ▲ 0.7% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €15,240 | €26,019 | €26,019 | €26,019 | €26,019 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €13,380 | €24,159 | €24,159 | €26,019 | €26,019 | = |
| Profit (loss) carried forward14 | €163,299 | €163,299 | €99,665 | €92,078 | €93,053 | ▲ 1.1% |
| Amounts payable17/49 | €202,923 | €115,258 | €98,389 | €94,376 | €72,933 | ▼ 22.7% |
| Amounts payable within one year42/48 | €202,923 | €115,258 | €98,389 | €94,376 | €72,933 | ▼ 22.7% |
| Trade debts44 | €106,094 | €26,686 | €9,506 | €32,398 | €39,986 | ▲ 23.4% |
| Suppliers440/4 | €106,094 | €26,686 | €9,506 | €32,398 | €39,986 | ▲ 23.4% |
| Advances received on contracts in progress46 | - | - | - | €4,325 | - | - |
| Taxes, remuneration and social security45 | €2,918 | €9,807 | €9,559 | €2,256 | €506 | ▼ 77.6% |
| Taxes450/3 | €2,918 | €9,807 | €9,559 | €2,256 | €506 | ▼ 77.6% |
| Other amounts payable47/48 | €93,911 | €78,765 | €79,323 | €55,397 | €32,441 | ▼ 41.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,890 | €10,779 | -€63,634 | -€7,587 | €975 | ▲ 113% |
| + Depreciation and write-downs630 | €772 | €600 | €100 | €100 | €488 | ▲ 388% |
| Operating cash flow (approximation) | €5,662 | €11,378 | -€63,534 | -€7,487 | €1,463 | ▲ 120% |
| Investment in fixed assets (approximation) | - | -€1 | €0 | €0 | -€1,700 | - |
| Change in cash | - | €57,377 | -€74,453 | €7,324 | -€6,271 | ▼ 186% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
ELEKTRO DE WAELE
BE 0668.748.682
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Arwa-Technics
BE 0743.411.859
Houthalen-Helchteren · Eq €131,164
MEGAWATT
BE 0862.056.816
Péruwelz · Eq €131,807
SERVIDER
BE 0450.957.849
Namur · Eq €131,810
VERSA VERVACKE
BE 0740.650.032
Wevelgem · Eq €131,816
Of 22,818 companies in this sector we hold annual accounts for 10,343. 8,715 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
13 eventsLatest 20-01-2026Next filing 31-01-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €975
Net result €975 after 2 loss-making years.
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
23-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet -€63,634
Net result drops to -€63,634, the lowest in the series; recovery starts the following year.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 126 days late
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 478 days late
2022
30-06
Financial
Equity above €200,000Eq €201,717 ▲5.6%
4 profitable years in a row build equity to €201,717.
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Company details
Private limited company · founded 15-09-2011Year ends 30-06Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded15-09-2011
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0839314274
Also
9925:BE0839314274
Registered
31-08-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Pittem · 1 establishment unit since 2011
Ground area
305 m²
Building footprint
124 m²
Volume, LiDAR
644 m³
Parcel 37003B0703/00K000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VANDENBERGHE PATRICK
since 2011unit no. 2.270.519.976
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37003B0703/00K000 | Flanders | 305 m² | 1 · 124 m² | 7.8 m · 2 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.
Go further with this company
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