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
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.
More with these figures Sector benchmark What changed Value indication
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.