Losses
-€13,831 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
VANDEPITTE
Lifetime
17 annual accounts with figures on one time axis, 39 filings since 1984peak €71,064 (2008)
-€9,420▼ €13,075
lowest -€23,345 (2013)
-€13,020▼ €12,208
peak €159,708 (2023)
€145,877▼ 8.2%
€2,567▲ 386%
peak 1 FTE (2007)
-not published
Board4 names since 2020
4 directorsAndré KORTLEVEN and 3 others
Documentsfilings and deeds
29-11-202529 days late
2025micro format
Gross margin from €3,655 to -€9,420Loss of €13,020Registered office moved within Mouscron 11-04Debts from €528 to €2,567Cash from €56,202 to €114,192
Key points
from the 2025 annual accountsFilings
39 annual accounts 10 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
Position in the sector
-€13,020
Lower net result than 85% of companies in wholesale trade. Sector median €5,606 · 13,811 companies.
Turnover not published (micro format)
Checked score
65
Healthy
Financially stronger than 59% of micro companies in wholesale trade (NACE 46)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: 0.1%▲ +0.1 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.4%▲ +0.2 percentage points vs 10-2025
12-2025: 0.5%▲ +0.1 percentage points vs 11-2025
01-2026: 0.1%▼ -0.4 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.8%▲ +0.7 percentage points vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 0.8%● unchanged vs 07-2026
09-2026: 0.9%▲ +0.1 percentage points vs 08-2026
10-2026: 1.2%▲ +0.3 percentage points vs 09-2026
11-2026: 1.4%▲ +0.2 percentage points vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
2 changes of registered office in 24 months
Figures for financial year 2025 (filed on 01-12-2025)
Loss of €13,020, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 62.38, cash €114,192
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 90% of them on solvency, 98% on liquidity, 22% on profitability and 28% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as VANDEPITTE has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VANDEPITTE itself is higher: 1.4% within 12 months. It rests on far more data about VANDEPITTE than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for VANDEPITTE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 62.38, above the usual 1.5. Short-term debt is 1.5% and cash 66.4% of total assets. 15.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€13,020
raises risk · 2025 accounts filed 29 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-11-2025, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2026
not filed
2025
29 days late
2024
26 days late
2023
30 days late
2022
23 days late
2021
30 days late
2020
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 28 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered office moved from Mouscron to Dottignies
New registered office: Rue de France 6 Bte 1, 7711 Dottignies · Previous registered office: Chaussée de Lille 377, 7700 Mouscron · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0426389135
Registered office moved within Mouscron
New registered office: Chaussée de Lille 377, 7700 Mouscron · Previous registered office: Chaussée de Lille, 381 à 7700 Mouscron · Appointment: André KORTLEVEN (managing director) · General meeting of 03-03-2025 · Gazette deed
1 director appointed, 3 reappointments
Reappointments: Martine VANDEPITTE, André KORTLEVEN and Benoît KORTLEVEN · Appointment: André KORTLEVEN (managing director) · General meeting of 30-10-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VANDEPITTE Mouscron | €172,005 | -€9,420 | 84.8% | - |
| DELVA LIGHTING DESIGN Waregem | €202,542 | -€5,476 | 61.6% | - |
| MAES ELECTRONICS Sint-Niklaas | €231,381 | -€12,326 | 84.5% | - |
| Venture Brasschaat | €224,351 | -€48,921 | 75.1% | - |
| ELECTRO PARMENTIER Wielsbeke | €258,448 | -€6,587 | 97.9% | - |
| DEVALEC Wielsbeke | €187,822 | -€20,277 | -253.5% | - |
| GOETHALS Damme | €279,430 | -€4,013 | 95.9% | - |
These companies have the same main activity as VANDEPITTE: wholesale of electrical household appliances and audio-video equipment (NACE 46431). They are comparable in size and age: total assets between €188,000 and €279,000, founded between 1981 and 1990.
Official details
Source: KBO- Status
- Active since 03-08-1984Normal situation
- Activity
- Wholesale of electrical household appliances and audio-video equipmentNACE 46431and 1 other
- Establishment unit
- 2.047.053.7527700 Mouscron, since 04-10-1984
- Financial year end
- 31 March
- Peppol
- Reachable since 27-11-2025
Insights on VANDEPITTE
VANDEPITTE files the micro format. That format states no turnover. The gross margin fell from €57,184 in 2007 to -€9,420 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VANDEPITTE
- What is the company number of VANDEPITTE?
- The company number of VANDEPITTE is 0426.389.135. The VAT number is the same number with BE in front: BE 0426.389.135.
- Where is VANDEPITTE based?
- The registered office is at Frankrijkstraat 6, 7711 Mouscron.Company details
- What does VANDEPITTE do?
- According to the KBO register, the main activity is wholesale of electrical household appliances and audio-video equipment (NACE 46431).
- What is the legal form of VANDEPITTE?
- VANDEPITTE is a public limited company (NV).
- When was VANDEPITTE founded?
- VANDEPITTE was founded on 03-08-1984.
- Is VANDEPITTE still active?
- Yes, VANDEPITTE is an active enterprise in the KBO register.
- What is the turnover of VANDEPITTE?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is VANDEPITTE profitable?
- In financial year 2025, VANDEPITTE made a loss of €13,020.
- Where can I find the annual accounts of VANDEPITTE?
- VANDEPITTE filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.