Vanderborght Décoration
ActiveThe annual accounts of Vanderborght Décoration for fiscal year 2025 show a net loss of 92% of the equity at the start of that year. The 2025 annual accounts show equity of €377 and a net result of €-5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 10345 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▼-23
Solvency26▼-9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.2 against 0.92 in 2024; short-term debt: 77.7% and cash: 32.5% of total assets), and 98.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.1%
Return on assets
-14%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 10345 sector peers (2025).
NBB · sector comparisonPosition among 10345 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
60 d late
2023
57 d late
2022
31 d late
2021
32 d late
2020
30 d late
2019
16 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, abbreviated schema
Equity
€377▼ 92.5%
2024 · €5k
2018: €-872
2019: €10k
2020: €6k
2021: €2k
2022: €9k
2023: €3k
2024: €5k
2018 → 2025
Total assets
€33k▼ 36.8%
2024 · €52k
2018: €75k
2019: €98k
2020: €89k
2021: €77k
2022: €63k
2023: €48k
2024: €52k
2018 → 2025
Net result
€-5k
2024 · €2k
2018: €-2k
2019: €11k
2020: €-4k
2021: €-4k
2022: €7k
2023: €-6k
2024: €2k
2018 → 2025
Working capital
€5k
2024 · €-3k
2018: €-10k
2019: €4k
2020: €2k
2021: €-3k
2022: €5k
2023: €-14k
2024: €-3k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2k-€9k▲ 287%€3k▼ 67.6%€5k▲ 73.3%€377▼ 92.5%
Operating result€-3k-€7k€-5k€4k€-4k
Net result€-4k-€7k€-6k€2k€-5k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €4k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €33k
Fixed assets
€2k▼ 79.1%
Current assets
€31k▼ 26.1%
Equity and liabilities €33k
Equity
€377▼ 92.5%
Debt
€33k▼ 30.8%
The debt ratio rises from 90.4% to 98.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4k▼
2024 · €12k
Cash flow
€4k▼
2024 · €11k
Solvency
1.1%▼
2024 · 9.6%
Current ratio
1.20▲
2024 · 0.92
Quick ratio
0.42▼
2024 · 0.45
ROA
-14.0%▼
2024 · 4.1%
Interest coverage
13.70▼
2024 · 48.76
Debt
€33k▼
2024 · €47k
Debt ≤ 1 year
€26k▼
2024 · €45k
Income taxes
€257▼
2024 · €1k
Equity ratios withheld: equity of €377 is too small for a meaningful ratio.
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€52k€33k▼
Fixed assets21/28€11k€2k▼
Tangible fixed assets22/27€10k€1k▼
Furniture and vehicles24€9k€851▼
Other tangible fixed assets26€1k€590▼
Financial fixed assets28€760€760=
Current assets29/58€42k€31k▼
Stocks and contracts in progress3€22k€20k▼
Stocks30/36€22k€20k▼
Cash at bank and in hand54/58€20k€11k▼
Deferred charges and accrued income490/1€19€110▲
Equity and liabilities
Total equity and liabilities10/49€52k€33k▼
Equity10/15€5k€377▼
Contributions10/11€19k€19k=
Capital10-€19k
Issued capital100-€19k
Reserves13€620€620=
Non-distributable reserves130/1€620€620=
Legal reserve130-€620
Reserves not available under the articles1311€620-
Profit (loss) carried forward14€-14k€-19k▼
Amounts payable17/49€47k€33k▼
Amounts payable within one year42/48€45k€26k▼
Trade debts44€18k€6k▼
Suppliers440/4€18k€6k▼
Taxes, remuneration and social security45€6k€3k▼
Taxes450/3€6k€3k▼
Other amounts payable47/48€21k€17k▼
Accrued charges and deferred income492/3€2k€7k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€8k▼
Other operating charges640/8€739€737▼
Gross operating margin9900€13k€5k▼
Operating profit (loss)9901€4k€-4k▼
Financial income75/76B-€13
Recurring financial income75-€13
Financial charges65/66B€253€308▲
Recurring financial charges65€253€308▲
Profit (loss) for the period before taxes9903€4k€-4k▼
Income taxes67/77€1k€257▼
Profit (loss) for the period9904€2k€-5k▼
Profit (loss) for the period to be appropriated9905€2k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-19k▼
Profit (loss) brought forward from the previous period14P€-16k€-14k▲
The notes to these accounts (6 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-12
Financial
Weakest financial yearnet €-6k ▼191%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 32 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
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.
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, Nivelles · 1 establishment unit since 1989
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.
Rue des Canonniers 21400 NivellesGround area
744 m²
Building footprint
369 m²
Volume, LiDAR
810 m³
2 parcels, Wallonia · tallest building 17.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
VANDERBORGHT DECORATION
since 19892.044.660.525
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782D0020/00B000 | Wallonia | 698 m² | 1 · 301 m² | - |
| 25782D0591/00B000 | Wallonia | 46 m² | 1 · 68 m² | 17.2 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,245 companies in sector 47789 we hold annual accounts for 1,020. 52 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded14-08-1989
Fiscal year end31-12
Activities, NACEBEL
47789Other retail sale of new goods
52498
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 13 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.