VANDERBIESEN
ActiveSummary
VANDERBIESEN has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €124,610 and a net result of €12,899. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 37% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-1
Solvency60▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.93 against 1.57 in 2024; short-term debt: 27.9% and cash: 2.1% of total assets), but 65% 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
35%
Return on assets
3.6%
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 11-09-2026, 42 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
42 d late
2024
28 d late
2023
20 d early
2022
59 d late
2021
109 d late
2020
128 d late
2019
63 d late
← 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 58 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 11 September (4 of the last 5 filed years within 61 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€124,610▲ 11.5%
2024 · €111,711
Total assets
€356,522▼ 16.1%
2024 · €425,025
Net result
€12,899▼ 24.1%
2024 · €16,998
Working capital
€92,369▼ 2.0%
2024 · €94,207
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€32,834▲ 310%€6,702▼ 79.6%€35,752▲ 433%€29,092▼ 18.6%€25,984▼ 10.7%
Net result€19,718within the sector's middle half▲ 2,141%€50below the sector's middle half▼ 99.7%€23,836within the sector's middle half▲ 47,439%€16,998within the sector's middle half▼ 28.7%€12,899within the sector's middle half▼ 24.1%
Equity€70,827within the sector's middle half▲ 38.6%€70,877within the sector's middle half▲ 0.1%€94,714within the sector's middle half▲ 33.6%€111,711within the sector's middle half▲ 17.9%€124,610within the sector's middle half▲ 11.5%
Total assets€342,977above the sector's middle half▼ 14.2%€377,654above the sector's middle half▲ 10.1%€307,088above the sector's middle half▼ 18.7%€425,025above the sector's middle half▲ 38.4%€356,522above the sector's middle half▼ 16.1%
Debt€272,150▼ 22.0%€306,776▲ 12.7%€212,374▼ 30.8%€313,314▲ 47.5%€231,912▼ 26.0%
Working capital€42,462within the sector's middle half▲ 340%€42,807within the sector's middle half▲ 0.8%€70,969within the sector's middle half▲ 65.8%€94,207above the sector's middle half▲ 32.7%€92,369within the sector's middle half▼ 2.0%
Solvency20.7%below the sector's middle half▲ 7.9pp18.8%below the sector's middle half▼ 1.9pp30.8%within the sector's middle half▲ 12.1pp26.3%within the sector's middle half▼ 4.6pp35.0%within the sector's middle half▲ 8.7pp
Current ratio1.34within the sector's middle half▲ 0.281.24within the sector's middle half▼ 0.101.70within the sector's middle half▲ 0.461.57within the sector's middle half▼ 0.131.93within the sector's middle half▲ 0.36
Return on assets (ROA)5.7%within the sector's middle half▲ 5.5pp0.0%below the sector's middle half▼ 5.7pp7.8%within the sector's middle half▲ 7.7pp4.0%within the sector's middle half▼ 3.8pp3.6%within the sector's middle half▼ 0.4pp
Staff (FTE)5.8▼ 13.4%5▼ 13.8%5.3▲ 6.0%4.2▼ 20.8%4.2=
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 per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €356,522
Fixed assets
€164,537 ▼ 0.4%
Current assets
€191,985 ▼ 26.1%
Equity and liabilities €356,522
Equity
€124,610 ▲ 11.5%
Debt
€231,912 ▼ 26.0%
Debt's share of the balance-sheet total falls from 73.7% to 65.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€65,067▲
2024 · €52,656
Cash flow
€51,982▲
2024 · €40,562
Quick ratio
1.52▲
2024 · 1.36
Debt to equity
1.86▼
2024 · 2.80
ROE
10.4%▼
2024 · 15.2%
Interest coverage
8.51▲
2024 · 8.05
Debt ≤ 1 year
€99,615▼
2024 · €165,596
Debt > 1 year
€131,082▼
2024 · €144,741
Income taxes
€8,042▼
2024 · €8,415
Staff costs
€131,817▼
2024 · €210,707
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,340 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 17,040 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,584 | €1,589 | €1,587 | €3,429 | €13,871 | ▲ 305% |
| Remuneration, social security and pensions62 | €217,913 | €182,647 | €188,894 | €210,707 | €131,817 | ▼ 37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,321 | €24,913 | €25,428 | €23,565 | €39,083 | ▲ 65.9% |
| Other operating charges640/8 | €24,395 | €5,639 | €16,438 | €12,024 | €11,884 | ▼ 1.2% |
| Non-recurring operating charges66A | €26,070 | €743 | - | - | - | - |
| Gross operating margin9900 | €336,533 | €220,644 | €266,512 | €275,387 | €208,769 | ▼ 24.2% |
| Operating profit (loss)9901 | €32,834 | €6,702 | €35,752 | €29,092 | €25,984 | ▼ 10.7% |
| Financial income75/76B | €1,105 | €1,833 | €2,001 | €2,860 | €2,601 | ▼ 9.1% |
| Recurring financial income75 | €1,105 | €1,833 | €2,001 | €2,860 | €2,601 | ▼ 9.1% |
| Financial charges65/66B | €7,246 | €6,461 | €6,260 | €6,540 | €7,644 | ▲ 16.9% |
| Recurring financial charges65 | €7,246 | €6,461 | €6,260 | €6,540 | €7,644 | ▲ 16.9% |
| Profit (loss) for the period before taxes9903 | €26,693 | €2,074 | €31,493 | €25,412 | €20,941 | ▼ 17.6% |
| Income taxes67/77 | €6,975 | €2,024 | €7,657 | €8,415 | €8,042 | ▼ 4.4% |
| Profit (loss) for the period9904 | €19,718 | €50 | €23,836 | €16,998 | €12,899 | ▼ 24.1% |
| Profit (loss) for the period to be appropriated9905 | €19,718 | €50 | €23,836 | €16,998 | €12,899 | ▼ 24.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €342,977 | €377,654 | €307,088 | €425,025 | €356,522 | ▼ 16.1% |
| Fixed assets21/28 | €174,873 | €155,707 | €134,188 | €165,222 | €164,537 | ▼ 0.4% |
| Tangible fixed assets22/27 | €174,823 | €155,657 | €134,188 | €165,222 | €164,537 | ▼ 0.4% |
| Land and buildings22 | €166,159 | €149,651 | €131,529 | €111,274 | €92,575 | ▼ 16.8% |
| Plant, machinery and equipment23 | €1,384 | €2,366 | €2,659 | €52,435 | €66,401 | ▲ 26.6% |
| Furniture and vehicles24 | €7,280 | €3,640 | - | €1,513 | €5,561 | ▲ 268% |
| Financial fixed assets28 | €50 | €50 | - | - | - | - |
| Current assets29/58 | €168,104 | €221,946 | €172,899 | €259,803 | €191,985 | ▼ 26.1% |
| Stocks and contracts in progress3 | €47,416 | €29,690 | €41,447 | €35,099 | €40,122 | ▲ 14.3% |
| Stocks30/36 | €47,416 | €29,690 | €41,447 | €35,099 | €40,122 | ▲ 14.3% |
| Amounts receivable within one year40/41 | €115,644 | €159,856 | €125,510 | €212,344 | €140,412 | ▼ 33.9% |
| Trade receivables40 | €86,065 | €112,617 | €80,447 | €141,738 | €83,911 | ▼ 40.8% |
| Other amounts receivable41 | €29,579 | €47,240 | €45,064 | €70,606 | €56,501 | ▼ 20.0% |
| Cash at bank and in hand54/58 | €4,534 | €31,820 | €5,441 | €8,788 | €7,574 | ▼ 13.8% |
| Deferred charges and accrued income490/1 | €510 | €580 | €501 | €3,573 | €3,877 | ▲ 8.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €342,977 | €377,654 | €307,088 | €425,025 | €356,522 | ▼ 16.1% |
| Equity10/15 | €70,827 | €70,877 | €94,714 | €111,711 | €124,610 | ▲ 11.5% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €10,860 | €23,660 | ▲ 118% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €10,860 | €23,660 | ▲ 118% |
| Profit (loss) carried forward14 | -€31,033 | -€30,983 | -€7,146 | €851 | €950 | ▲ 11.6% |
| Amounts payable17/49 | €272,150 | €306,776 | €212,374 | €313,314 | €231,912 | ▼ 26.0% |
| Amounts payable after more than one year17 | €143,511 | €121,864 | €101,728 | €144,741 | €131,082 | ▼ 9.4% |
| Financial debts170/4 | €143,511 | €121,864 | €101,728 | €144,741 | €131,082 | ▼ 9.4% |
| Amounts payable within one year42/48 | €125,642 | €179,140 | €101,930 | €165,596 | €99,615 | ▼ 39.8% |
| Current portion of amounts payable after more than one year42 | €24,019 | €21,647 | €20,136 | €31,987 | €37,788 | ▲ 18.1% |
| Trade debts44 | €67,422 | €146,744 | €68,600 | €112,682 | €43,115 | ▼ 61.7% |
| Suppliers440/4 | €67,422 | €146,744 | €68,600 | €112,682 | €43,115 | ▼ 61.7% |
| Taxes, remuneration and social security45 | €34,201 | €10,749 | €13,194 | €20,927 | €18,712 | ▼ 10.6% |
| Taxes450/3 | €8,848 | €7,276 | €13,194 | €16,655 | €18,293 | ▲ 9.8% |
| Remuneration and social security454/9 | €25,353 | €3,473 | - | €4,272 | €419 | ▼ 90.2% |
| Accrued charges and deferred income492/3 | €2,997 | €5,773 | €8,716 | €2,977 | €1,214 | ▼ 59.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,718 | €50 | €23,836 | €16,998 | €12,899 | ▼ 24.1% |
| + Depreciation and write-downs630 | €35,321 | €24,913 | €25,428 | €23,565 | €39,083 | ▲ 65.9% |
| Operating cash flow (approximation) | €55,039 | €24,963 | €49,264 | €40,562 | €51,982 | ▲ 28.2% |
| Investment in fixed assets (approximation) | - | -€5,747 | -€3,909 | -€54,598 | -€38,398 | ▲ 29.7% |
| Change in cash | - | €27,286 | -€26,379 | €3,347 | -€1,214 | ▼ 136% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 42 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Equity above €100,000Eq €111,711 ▲17.9%
6 profitable years in a row build equity to €111,711.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €23,836 ▲47,439%
Operating result €35,752, net result €23,836, both a record.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 109 days late
2021
06-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 128 days late
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
31-12
Financial
Back to profitnet €3,389
Net result €3,389 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
19-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 141 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Willebroek · 1 establishment unit since 2005
Ground area
295 m²
Building footprint
107 m²
Volume, LiDAR
596 m³
Parcel 12004B0286/00D003, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vanderbiesen
since 20052.146.292.571
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12004B0286/00D003 | Flanders | 295 m² | 1 · 107 m² | 10.8 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 316 EUR awarded · 316 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 316 EUR | 316 EUR |
Recognitions · licences · registrations
Dual-learning approval
3 endedBehanger (so)
Medewerker schilder- en behangwerken duaal (so)
Schilder (so)
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,666. 2,215 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
Founded20-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0871387226
Also
9925:BE0871387226
Registered
28-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.