VANDERSICKEL
ActiveSummary
VANDERSICKEL has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.43M and a net result of €247k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 80% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-15
Solvency100▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 4.21 against 2.54 in 2024; short-term debt: 23.7% and cash: 28.8% of total assets), and 23.9% of the assets are financed with debt.
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Signals
Five 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
76.1%
Return on assets
13.2%
Age of the figures
15 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
42 d late
2023
49 d early
2022
40 d early
2021
13 d early
2020
3 d early
2019
43 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.43M▲ 21.0%
2024 · €1.18M
Total assets
€1.87M▼ 3.8%
2024 · €1.95M
Net result
€247k▼ 54.7%
2024 · €547k
Working capital
€1.43M▲ 21.4%
2024 · €1.18M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€347k▲ 24.2%€323k▼ 7.0%€637k▲ 97.6%€617k▼ 3.1%€340k▼ 44.9%
Net result€255k▲ 80.3%€230k▼ 9.6%€499k▲ 117%€547k▲ 9.6%€247k▼ 54.7%
Equity€1.53M▲ 20.0%€1.76M▲ 15.1%€1.96M▲ 11.3%€1.18M▼ 39.8%€1.43M▲ 21.0%
Total assets€2.09M▲ 12.4%€2.08M▼ 0.9%€2.60M▲ 25.5%€1.95M▼ 25.2%€1.87M▼ 3.8%
Debt€565k▼ 3.9%€317k▼ 43.9%€647k▲ 104%€769k▲ 18.9%€448k▼ 41.7%
Working capital€1.52M▲ 19.8%€1.75M▲ 14.9%€1.95M▲ 11.5%€1.18M▼ 39.7%€1.43M▲ 21.4%
Staff (FTE)2=2=2=2=1.3▼ 35.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 45% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.87M
Fixed assets
€3k ▼ 51.3%
Current assets
€1.87M ▼ 3.6%
Equity and liabilities €1.87M
Equity
€1.43M ▲ 21.0%
Provisions
€169 ▼ 36.4%
Debt
€448k ▼ 41.7%
Debt's share of the balance-sheet total falls from 39.5% to 23.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€344k▼
2024 · €622k
Cash flow
€251k▼
2024 · €551k
Current ratio
4.21▲
2024 · 2.54
Quick ratio
2.69▲
2024 · 1.33
Debt to equity
0.31▼
2024 · 0.65
ROE
17.4%▼
2024 · 46.4%
ROA
13.2%▼
2024 · 28.1%
Interest coverage
14.64▼
2024 · 28.52
Debt ≤ 1 year
€444k▼
2024 · €766k
Income taxes
€89k▲
2024 · €68k
Staff costs
€29k▼
2024 · €48k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €45k | €47k | €48k | €29k | ▼ 39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €3k | €5k | €5k | €3k | ▼ 26.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-6k | €0 | - | €-174 | - |
| Other operating charges640/8 | - | €3k | €2k | €1k | €1k | ▲ 19.1% |
| Gross operating margin9900 | €424k | €367k | €691k | €671k | €374k | ▼ 44.3% |
| Operating profit (loss)9901 | €347k | €323k | €637k | €617k | €340k | ▼ 44.9% |
| Financial income75/76B | - | €9k | €365 | €19k | €20k | ▲ 5.6% |
| Recurring financial income75 | €15k | €9k | €365 | €19k | €20k | ▲ 5.6% |
| Financial charges65/66B | - | €25k | €22k | €22k | €23k | ▲ 7.7% |
| Recurring financial charges65 | €26k | €25k | €22k | €22k | €23k | ▲ 7.7% |
| Profit (loss) for the period before taxes9903 | €336k | €307k | €616k | €614k | €336k | ▼ 45.2% |
| Transfer from deferred taxes780 | - | €96 | €96 | €96 | €96 | = |
| Income taxes67/77 | €81k | €77k | €117k | €68k | €89k | ▲ 31.9% |
| Profit (loss) for the period9904 | €255k | €230k | €499k | €547k | €247k | ▼ 54.7% |
| Profit (loss) for the period to be appropriated9905 | €255k | €230k | €499k | €547k | €247k | ▼ 54.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.09M | €2.08M | €2.60M | €1.95M | €1.87M | ▼ 3.8% |
| Fixed assets21/28 | €12k | €14k | €11k | €7k | €3k | ▼ 51.3% |
| Tangible fixed assets22/27 | €12k | €14k | €11k | €7k | €3k | ▼ 51.3% |
| Furniture and vehicles24 | - | €11k | €10k | €7k | €3k | ▼ 51.3% |
| Other tangible fixed assets26 | - | €2k | €1k | - | - | - |
| Current assets29/58 | €2.08M | €2.06M | €2.59M | €1.94M | €1.87M | ▼ 3.6% |
| Stocks and contracts in progress3 | €988k | €851k | €820k | €921k | €676k | ▼ 26.6% |
| Stocks30/36 | - | €851k | €820k | €921k | €676k | ▼ 26.6% |
| Amounts receivable within one year40/41 | €216k | €442k | €443k | €190k | €154k | ▼ 19.1% |
| Trade receivables40 | - | €263k | €300k | €183k | €106k | ▼ 42.3% |
| Other amounts receivable41 | - | €180k | €143k | €7k | €48k | ▲ 559% |
| Current investments50/53 | - | - | - | €500k | €500k | = |
| Cash at bank and in hand54/58 | €875k | €766k | €1.33M | €328k | €539k | ▲ 64.3% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €2k | €3k | ▲ 44.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.09M | €2.08M | €2.60M | €1.95M | €1.87M | ▼ 3.8% |
| Equity10/15 | €1.53M | €1.76M | €1.96M | €1.18M | €1.43M | ▲ 21.0% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €759k | €759k | €759k | €1.12M | €1.36M | ▲ 22.2% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | €454 | €454 | €454 | €454 | = |
| Distributable reserves133 | - | €753k | €753k | €1.11M | €1.36M | ▲ 22.3% |
| Profit (loss) carried forward14 | €706k | €936k | €1.14M | - | €0 | - |
| Investment grants15 | - | €889 | €702 | €514 | €327 | ▼ 36.4% |
| Provisions and deferred taxes16 | €554 | €457 | €361 | €265 | €169 | ▼ 36.4% |
| Deferred taxes168 | - | €457 | €361 | €265 | €169 | ▼ 36.4% |
| Amounts payable17/49 | €565k | €317k | €647k | €769k | €448k | ▼ 41.7% |
| Amounts payable within one year42/48 | €561k | €314k | €643k | €766k | €444k | ▼ 42.0% |
| Financial debts43 | - | €0 | €0 | €0 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €0 | €0 | €0 | €0 | ▼ 100% |
| Trade debts44 | €21k | €18k | €28k | €16k | €37k | ▲ 131% |
| Suppliers440/4 | - | €18k | €28k | €16k | €37k | ▲ 131% |
| Taxes, remuneration and social security45 | - | €13k | €9k | €6k | €14k | ▲ 153% |
| Taxes450/3 | - | €7k | €3k | €103 | €10k | ▲ 9,318% |
| Remuneration and social security454/9 | - | €6k | €6k | €5k | €4k | ▼ 19.1% |
| Other amounts payable47/48 | - | €283k | €606k | €744k | €393k | ▼ 47.2% |
| Accrued charges and deferred income492/3 | - | €3k | €3k | €3k | €4k | ▲ 24.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €255k | €230k | €499k | €547k | €247k | ▼ 54.7% |
| + Depreciation and write-downs630 | €4k | €3k | €5k | €5k | €3k | ▼ 26.3% |
| Operating cash flow (approximation) | €258k | €234k | €504k | €551k | €251k | ▼ 54.5% |
| Investment in fixed assets (approximation) | - | €-5k | €-2k | €0 | €0 | - |
| Change in cash | - | €-109k | €560k | €-998k | €211k | ▲ 121% |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
14-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 42 days late
2024
30-06
Financial
Highest result since 2019net €547k ▲9.6%
Net result €547k, the highest in the series.
2023
13-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
18-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet €141k ▼20.6%
Net result drops to €141k, the lowest in the series; recovery starts the following year.
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
08-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Deinze · 1 establishment unit since 1977
Ground area
2,426 m²
Building footprint
1,455 m²
Volume, LiDAR
6,432 m³
Parcel 44054A0188/00Y006, Flanders · tallest building 15.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Industrielaan 33, 9800 Deinze
since 19772.013.381.785
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054A0188/00Y006 | Flanders | 2,426 m² | 1 · 1,455 m² | 15.5 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
2023 to 2024 · 2 entries · 554 EUR awarded · 309 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 121 EUR |
| 2023 | 1 | 554 EUR | 188 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
549300U3IKSPERD0KI56
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Of 1,306 companies in sector 46423 we hold annual accounts for 809. 391 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-03-1977
Fiscal year end30-06
Activities, NACEBEL 2025
46412Wholesale of household textiles and bedding
46423Wholesale of clothing, excluding workwear and underwear
Scores and ratios are computed by Checked and are not a credit decision.