Checked.be
Active
BE 0885.526.163Private limited company
VANDEROSTYNE CONSTRUCT
Schaapstraat 120 ·8370 Blankenberge, Belgium· 19 yrs active
Sector: Manufacture of other non-metallic mineral products
(23610)
Conclusion
VANDEROSTYNE CONSTRUCT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €429k and a net result of €317k. Equity is growing by ~39.5% per year across the filed fiscal years. Its solvency ranks better than 29% of 262 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €429k |
| Net result | €317k |
| Staff (FTE) | 1 |
| Better than sector | 29% |
Financial profile
76
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
61
Profitability
100
Solvency
40
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2006, 19 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
61
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€25k
estimate, not credit advice
Score history
43
2022
51
2023
61
2024
61
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.92 (< 1.0)
-10
Quick ratio
Quick ratio 0.31 (< 0.6)
-5
Profitability
ROE 74% (≥ 10%)
+10
Interest coverage
Interest coverage 22.4× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 04-05-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~39.5%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 23, Manufacture of other non-metallic mineral products · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 26.6% | 44.8% | |
| Net result | €317k | €30k | |
| Equity | €429k | €471k | |
| Gross operating margin | €576k | €370k | |
| Staff costs | €71k | €265k |
€496k
+20.9%
22-25
€317k
+22.8%
22-25
€432k
+18.0%
22-25
€1.61M
+52.0%
22-25
€429k
+63.9%
22-25
€-56k
-14929.2%
22-25
1
-60.0%
22-25
€71k
+3.1%
22-25
€10k
-66.5%
22-25
€1.12M
+45.9%
22-25
€728k
+24.2%
22-25
€392k
+115.4%
22-25
0.92
-7.6%
22-25
0.31
-43.8%
22-25
26.6%
+7.8%
22-25
2.61
-11.0%
22-25
74.0%
-25.1%
22-25
19.7%
-19.3%
22-25
22.38
+25.7%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €496k | €411k | €335k | €242k |
| Net profit | €317k | €258k | €199k | €123k |
| Cash flow | €432k | €366k | €299k | €222k |
| Staff costs | €71k | €69k | €135k | €195k |
| Income taxes | €10k | €31k | €23k | €2k |
| Dividends | - | - | - | - |
| Total assets | €1.61M | €1.06M | €1.16M | €1.00M |
| Equity | €429k | €262k | €193k | €144k |
| Debt | €1.12M | €768k | €948k | €839k |
| of which ≤ 1y | €728k | €586k | €682k | €483k |
| of which > 1y | €392k | €182k | €267k | €356k |
| Working capital | €-56k | €-371 | €-23k | €-67k |
| Employees (FTE) | 1.0 | 2.5 | 2.5 | 3.9 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.92 | 1.00 | 0.97 | 0.86 |
| Quick ratio | 0.31 | 0.56 | 0.38 | 0.30 |
| Working capital ratio | -3.5% | 0.0% | -2.0% | -6.7% |
| Solvency | 26.6% | 24.7% | 16.6% | 14.4% |
| Debt / equity | 2.61 | 2.93 | 4.91 | 5.82 |
| Long-term debt ratio | 0.91 | 0.70 | 1.38 | 2.47 |
| Interest coverage | 22.38 | 17.80 | 21.96 | 12.82 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 19.7% | 24.4% | 17.1% | 12.3% |
| ROE | 74.0% | 98.8% | 103.0% | 85.5% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (27 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €1.61M | €1.06M | €1.16M | €1.00M |
| Fixed assets | 21/28 | €939k | €474k | €505k | €585k |
| Intangible fixed assets | 21 | €897 | €2k | €3k | - |
| Tangible fixed assets | 22/27 | €937k | €470k | €500k | €584k |
| Financial fixed assets | 28 | €2k | €2k | €2k | €2k |
| Current assets | 29/58 | €672k | €586k | €658k | €415k |
| Stocks & contracts in progress | 3 | €443k | €258k | €399k | €270k |
| Amounts receivable within one year | 40/41 | €206k | €300k | €239k | €142k |
| Cash & bank | 54/58 | €14k | €24k | €18k | €915 |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.61M | €1.06M | €1.16M | €1.00M |
| Equity | 10/15 | €429k | €262k | €193k | €144k |
| Contributions / capital | 10/11 | €12k | €12k | €12k | €12k |
| Reserves | 13 | €417k | €249k | €181k | €126k |
| Accumulated profits (losses) | 14 | €0 | €0 | €0 | €6k |
| Provisions & deferred taxes | 16 | €62k | €30k | €22k | €18k |
| Amounts payable | 17/49 | €1.12M | €768k | €948k | €839k |
| Amounts payable after one year | 17 | €392k | €182k | €267k | €356k |
| Amounts payable within one year | 42/48 | €728k | €586k | €682k | €483k |
| Trade debts payable within one year | 44 | €171k | €138k | €284k | €112k |
| Income statement | |||||
| Gross operating margin | 9900 | €576k | €501k | €490k | €447k |
| Operating result | 9901 | €381k | €303k | €236k | €144k |
| Financial income | 75 | €5k | €10k | €2k | €954 |
| Financial charges | 65 | €22k | €23k | €15k | €19k |
| Result before taxes | 9903 | €364k | €289k | €222k | €126k |
| Income taxes | 67/77 | €10k | €31k | €23k | €2k |
| Net result for the period | 9904 | €317k | €258k | €199k | €123k |
| Result to be appropriated | 9905 | €208k | €258k | €199k | €123k |
Legal Structure
| NACE primary | Manufacture of other non-metallic mineral products(23610) |
| Legal form | Private limited company(610) |
| Incorporation | 08-12-2006 |
| Status | Active |
| Postal code | 8370 |
Establishment units
BVBA Vanderostyne Dimitri
since 20062.158.180.813
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31034B0342/00M000 | Flanders | 2,677 m² | 1 · 947 m² | 8.2 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 4 days late
2025
30-09
Financial
Highest result since 2022net €317k ▲22.8%
Operating result €381k, net result €317k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Equity above €200kEq €262k ▲35.4%
3 profitable years in a row build equity to €262k.
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 8 days late
2023
30-09
Financial
Equity above €150kEq €193k ▲34%
2 profitable years in a row build equity to €193k.
11-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 11 days late
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 55 days late
2018
18-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 18 days late
2017
26-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 26 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Manufacture of other non-metallic mineral products23610General construction of residential buildings4100145211Manufacture of other non-metallic mineral products23510Floor and wall tiling43331Other specialised construction activities43990Specialised construction activities4399945250
Names & trade names
| Legal nameNL | VANDEROSTYNE CONSTRUCT |
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