VANDERDONCK – DE FERM
ActiveVANDERDONCK – DE FERM has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-22k) and a net result of €-7k. Equity is shrinking by ~33.2% per year across the filed fiscal years. Its solvency ranks better than 10% of 10345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
34
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▲+2
Solvency13▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.77 against 0.61 in 2024; short-term debt: 95% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 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
-12%
Return on assets
-4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-22k
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 29-07-2026, 2 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
2 d early
2024
23 d early
2023
20 d early
2022
6 d early
2021
2 d early
2020
3 d early
2019
on the day
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-22k▼ 49.7%
2024 · €-15k
2018: €21k
2019: €-13k
2020: €19k
2021: €21k
2022: €-40k
2023: €-3k
2024: €-15k
2018 → 2025
Total assets
€183k▲ 41.7%
2024 · €129k
2018: €64k
2019: €72k
2020: €99k
2021: €107k
2022: €143k
2023: €123k
2024: €129k
2018 → 2025
Net result
€-7k▲ 39.0%
2024 · €-12k
2018: €-1k
2019: €-35k
2020: €32k
2021: €40k
2022: €-61k
2023: €37k
2024: €-12k
2018 → 2025
Working capital
€-40k▼ 3.1%
2024 · €-39k
2018: €9k
2019: €-26k
2020: €9k
2021: €17k
2022: €-54k
2023: €-24k
2024: €-39k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€-40k€-3k▲ 93.2%€-15k▼ 440%€-22k▼ 49.7%
Operating result€39k-€-61k€37k€-10k€-2k▲ 75.5%
Net result€40k-€-61k€37k€-12k€-7k▲ 39.0%
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 stays negative: a loss of €2k in 2025 against €10k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €183k
Fixed assets
€49k▼ 26.9%
Current assets
€133k▲ 117%
Key figures and ratios
EBITDA
€14k▲
2024 · €13k
Cash flow
€9k▼
2024 · €11k
Solvency
-12.0%▼
2024 · -11.4%
Current ratio
0.77▲
2024 · 0.61
Quick ratio
0.70▲
2024 · 0.50
Debt / equity
-9.32▲
2024 · -9.79
ROA
-4.0%▲
2024 · -9.3%
Interest coverage
2.54▼
2024 · 3.13
Debt
€205k▲
2024 · €144k
Debt ≤ 1 year
€173k▲
2024 · €100k
Debt > 1 year
€31k▼
2024 · €43k
Staff costs
€82k▼
2024 · €143k
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€129k€183k▲
Fixed assets21/28€68k€49k▼
Tangible fixed assets22/27€68k€49k▼
Plant, machinery and equipment23€11k€7k▼
Furniture and vehicles24€1k€0▼
Leasing and similar rights25€56k€42k▼
Current assets29/58€61k€133k▲
Stocks and contracts in progress3€11k€11k▲
Stocks30/36€11k€11k▲
Contracts in progress37€0-
Amounts receivable within one year40/41€50k€122k▲
Trade receivables40€38k€118k▲
Other amounts receivable41€12k€4k▼
Cash at bank and in hand54/58€0-
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€129k€183k▲
Equity10/15€-15k€-22k▼
Contributions10/11€19k€19k=
Reserves13€3k€3k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€-36k€-43k▼
Amounts payable17/49€144k€205k▲
Amounts payable after more than one year17€43k€31k▼
Financial debts170/4€43k€31k▼
Amounts payable within one year42/48€100k€173k▲
Current portion of amounts payable after more than one year42€11k€12k▲
Financial debts43€586€5k▲
Credit institutions430/8€586€5k▲
Trade debts44€59k€92k▲
Suppliers440/4€59k€92k▲
Taxes, remuneration and social security45€0€173▲
Remuneration and social security454/9€0€173▲
Other amounts payable47/48€30k€64k▲
Income statement
Code20242025
Remuneration, social security and pensions62€143k€82k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€16k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€159k€99k▼
Operating profit (loss)9901€-10k€-2k▲
Financial income75/76B€2k€643▼
Recurring financial income75€2k€643▼
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€-12k€-7k▲
Profit (loss) for the period9904€-12k€-7k▲
Profit (loss) for the period to be appropriated9905€-12k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-36k€-43k▼
Profit (loss) brought forward from the previous period14P€-24k€-36k▼
Social balance
Average headcount (FTE)90872.51.8▼
The notes to these accounts (15 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-61k ▼252%
Net result drops to €-61k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €40k ▲25.4%
Operating result €39k, net result €40k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €32k
Net result €32k after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2016
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.
Oude Bosuilbaan 272100 AntwerpenGround area
548 m²
Building footprint
221 m²
Volume, LiDAR
1,708 m³
Parcel 11012A0158/00E003, Flanders · tallest building 12.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
VANDERDONCK – DE FERM
since 20162.256.728.061
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0158/00E003 | Flanders | 548 m² | 1 · 221 m² | 12.1 m · 4 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
2022 to 2025 · 4 entries · 1,656 EUR awarded · 1,870 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 98 EUR | 98 EUR |
| 2024 | 1 | 989 EUR | 1,043 EUR |
| 2023 | 1 | 428 EUR | 588 EUR |
| 2022 | 1 | 141 EUR | 141 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
3 live approvalsMonteur sanitaire en verwarmingsinstallaties duaal (so)
Sanitaire en verwarmingsinstallaties duaal (so)
Vakman installatietechnieken (vwo)
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Of 212 companies in sector 47527 we hold annual accounts for 146. 85 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-07-2016
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
47527Retail trade
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.