VANDER ELST
ActiveVANDER ELST has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €921k and a net result of €124k. Equity is shrinking by ~10% per year across the filed fiscal years. Its solvency ranks better than 39% of 4852 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability47▲+38
Solvency61▲+5
Growth30=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.49 in 2024; short-term debt: 57.1% and cash: 10.1% of total assets), and 64.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
35.9%
Return on assets
4.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
29 d early
2023
15 d early
2022
40 d early
2021
31 d early
2020
39 d early
2019
31 d early
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€9.58M▼ 2.0%
2020 · €9.78M
2018: €10.63M
2019: €10.05M
2020: €9.78M
2018 → 2022
EBIT margin
1.0%▼ 6.7pp
2020 · 7.7%
2018: 10.6%
2019: 2.2%
2020: 7.7%
2018 → 2022
Net result
€124k
2024 · €-257k
2018: €833k
2019: €123k
2020: €548k
2022: €11k
2023: €215k
2024: €-257k
2018 → 2025
Working capital
€707k▲ 5.2%
2024 · €672k
2018: €2.55M
2019: €1.71M
2020: €1.72M
2022: €987k
2023: €995k
2024: €672k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Turnover€9.78M-€9.58M▼ 2.0%
Equity€1.45M-€1.14M▼ 21.3%€1.05M▼ 7.5%€796k▼ 24.4%€921k▲ 15.6%
Operating result€755k-€93k▼ 87.7%€368k▲ 295%€-142k€189k
Net result€548k-€11k▼ 97.9%€215k▲ 1,788%€-257k€124k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €189k after a loss of €142k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.56M
Fixed assets
€392k▼ 21.7%
Current assets
€2.17M▲ 5.6%
Equity and liabilities €2.56M
Equity
€921k▲ 15.6%
Debt
€1.64M▼ 6.7%
The debt ratio falls from 68.8% to 64.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€369k▲
2024 · €48k
Cash flow
€305k▲
2024 · €-67k
Solvency
35.9%▲
2024 · 31.2%
Current ratio
1.48▼
2024 · 1.49
Quick ratio
0.80▼
2024 · 0.87
Debt / equity
1.78▼
2024 · 2.21
ROE
13.5%▲
2024 · -32.2%
ROA
4.9%▲
2024 · -10.0%
Interest coverage
2.61▲
2024 · 0.31
Debt
€1.64M▼
2024 · €1.76M
Debt ≤ 1 year
€1.46M▲
2024 · €1.38M
Debt > 1 year
€179k▼
2024 · €377k
Income taxes
€3k▲
2024 · €2k
Staff costs
€1.49M▼
2024 · €1.68M
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€2.56M€2.56M▲
Fixed assets21/28€501k€392k▼
Intangible fixed assets21€237k€173k▼
Tangible fixed assets22/27€246k€201k▼
Furniture and vehicles24€232k€191k▼
Other tangible fixed assets26€14k€10k▼
Financial fixed assets28€19k€19k=
Current assets29/58€2.05M€2.17M▲
Amounts receivable after more than one year29-€700k
Other amounts receivable291-€700k
Stocks and contracts in progress3€857k€995k▲
Stocks30/36€857k€995k▲
Amounts receivable within one year40/41€802k€157k▼
Trade receivables40€68k€28k▼
Other amounts receivable41€735k€129k▼
Cash at bank and in hand54/58€372k€258k▼
Deferred charges and accrued income490/1€23k€60k▲
Equity and liabilities
Total equity and liabilities10/49€2.56M€2.56M▲
Equity10/15€796k€921k▲
Contributions10/11€187k€187k=
Capital10€187k€187k=
Issued capital100€187k€187k=
Reserves13€866k€734k▼
Non-distributable reserves130/1€169k€169k=
Legal reserve130€169k€169k=
Distributable reserves133€697k€565k▼
Profit (loss) carried forward14€-257k-
Amounts payable17/49€1.76M€1.64M▼
Amounts payable after more than one year17€377k€179k▼
Financial debts170/4€377k€179k▼
Amounts payable within one year42/48€1.38M€1.46M▲
Current portion of amounts payable after more than one year42€186k€191k▲
Financial debts43€157k€109k▼
Credit institutions430/8€157k€109k▼
Trade debts44€797k€962k▲
Suppliers440/4€797k€962k▲
Taxes, remuneration and social security45€208k€200k▼
Taxes450/3€48k€55k▲
Remuneration and social security454/9€160k€145k▼
Other amounts payable47/48€34k-
Income statement
Code20242025
Non-recurring operating income76A€15k€4k▼
Remuneration, social security and pensions62€1.68M€1.49M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€190k€181k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€38k€-2k▼
Other operating charges640/8€15k€14k▼
Non-recurring operating charges66A€626-
Gross operating margin9900€1.78M€1.87M▲
Operating profit (loss)9901€-142k€189k▲
Financial income75/76B€41k€80k▲
Recurring financial income75€41k€80k▲
Financial charges65/66B€154k€142k▼
Recurring financial charges65€154k€142k▼
Profit (loss) for the period before taxes9903€-254k€127k▲
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€-257k€124k▲
Profit (loss) for the period to be appropriated9905€-257k€124k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-257k€-132k▲
Profit (loss) brought forward from the previous period14P-€-257k
Transfer from equity791/2-€132k
Social balance
Average headcount (FTE)908718.416.6▼
The notes to these accounts (19 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €124k
Net result €124k after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-257k ▼219%
Net result drops to €-257k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
15 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, Grimbergen · 1 establishment unit since 1981
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.
Oostvaartdijk 421850 GrimbergenGround area
4,182 m²
Building footprint
1,448 m²
Volume, LiDAR
9,632 m³
Parcel 23025B0055/00S000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VAN DER ELST
since 19812.018.981.061
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23025B0055/00S000 | Flanders | 4,181 m² | 1 · 1,448 m² | 8.5 m · 2 fl. |
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
2025 · 1 entry · 1,125 EUR awarded · 1,125 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,125 EUR | 1,125 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
699400L1K3BFLMJZTI58
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Of 2,507 companies in sector 46649 we hold annual accounts for 1,760. 1,387 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-06-1981
Fiscal year end31-12
Activities, NACEBEL
46643Wholesale of electrical equipment, including installation materials
46649Wholesale of other machinery and equipment
51872
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.