VANDERSTAPPEN
ActiveSummary
VANDERSTAPPEN has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €538k and a net result of €119k. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 76% of 2198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+6
Solvency90▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.92 against 2.18 in 2024; short-term debt: 30.3% and cash: 26.1% of total assets), and 35.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
64.6%
Return on assets
14.3%
Age of the figures
9 mo
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 13-03-2026, 140 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
140 d early
2024
59 d early
2023
89 d early
2022
213 d late
2021
101 d early
2020
53 d early
2019
37 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€538k▲ 13.7%
2024 · €473k
2018: €364k
2019: €405k▲ +11.1% vs 2018
2020: €356k▼ -12.0% vs 2019lowest in 8 years
2021: €572k▲ +60.6% vs 2020
2022: €617k▲ +7.9% vs 2021highest in 8 years
2023: €583k▼ -5.6% vs 2022
2024: €473k▼ -18.8% vs 2023
2025: €538k▲ +13.7% vs 2024
2018 → 2025
Total assets
€833k▼ 7.2%
2024 · €897k
2018: €969k
2019: €727k▼ -25.0% vs 2018lowest in 8 years
2020: €765k▲ +5.2% vs 2019
2021: €1.18M▲ +54.6% vs 2020
2022: €1.33M▲ +12.5% vs 2021highest in 8 years
2023: €1.19M▼ -10.8% vs 2022
2024: €897k▼ -24.4% vs 2023
2025: €833k▼ -7.2% vs 2024
2018 → 2025
Net result
€119k▲ 36.9%
2024 · €87k
2018: €38klowest in 8 years
2019: €40k▲ +4.9% vs 2018
2020: €92k▲ +127% vs 2019
2021: €216k▲ +136% vs 2020highest in 8 years
2022: €125k▼ -42.3% vs 2021
2023: €51k▼ -59.5% vs 2022
2024: €87k▲ +71.6% vs 2023
2025: €119k▲ +36.9% vs 2024
2018 → 2025
Working capital
€484k▲ 20.4%
2024 · €402k
2018: €336k
2019: €358k▲ +6.7% vs 2018
2020: €314k▼ -12.2% vs 2019lowest in 8 years
2021: €700k▲ +123% vs 2020highest in 8 years
2022: €541k▼ -22.6% vs 2021
2023: €503k▼ -7.2% vs 2022
2024: €402k▼ -20.0% vs 2023
2025: €484k▲ +20.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€572k-€617k▲ 7.9%€583k▼ 5.6%€473k▼ 18.8%€538k▲ 13.7%
2021: €572k
2022: €617k▲ +7.9% vs 2021highest in 5 years
2023: €583k▼ -5.6% vs 2022
2024: €473k▼ -18.8% vs 2023lowest in 5 years
2025: €538k▲ +13.7% vs 2024
Operating result€291k-€167k▼ 42.6%€70k▼ 58.1%€128k▲ 82.3%€179k▲ 40.3%
2021: €291khighest in 5 years
2022: €167k▼ -42.6% vs 2021
2023: €70k▼ -58.1% vs 2022lowest in 5 years
2024: €128k▲ +82.3% vs 2023
2025: €179k▲ +40.3% vs 2024
Net result€216k-€125k▼ 42.3%€51k▼ 59.5%€87k▲ 71.6%€119k▲ 36.9%
2021: €216khighest in 5 years
2022: €125k▼ -42.3% vs 2021
2023: €51k▼ -59.5% vs 2022lowest in 5 years
2024: €87k▲ +71.6% vs 2023
2025: €119k▲ +36.9% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 40% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €833k
Fixed assets
€97k ▼ 37.1%
Current assets
€736k ▼ 1.0%
Equity and liabilities €833k
Equity
€538k ▲ 13.7%
Debt
€295k ▼ 30.4%
Debt's share of the balance-sheet total falls from 47.3% to 35.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€236k▲
2024 · €188k
Cash flow
€176k▲
2024 · €147k
Current ratio
2.92▲
2024 · 2.18
Quick ratio
2.84▲
2024 · 2.09
Debt to equity
0.55▼
2024 · 0.90
ROE
22.1%▲
2024 · 18.3%
ROA
14.3%▲
2024 · 9.7%
Interest coverage
64.58▲
2024 · 36.81
Debt ≤ 1 year
€252k▼
2024 · €341k
Debt > 1 year
€43k▼
2024 · €83k
Income taxes
€58k▲
2024 · €39k
Staff costs
€601k▲
2024 · €475k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€897k€833k▼
Fixed assets21/28€154k€97k▼
Tangible fixed assets22/27€154k€96k▼
Plant, machinery and equipment23€2k€992▼
Furniture and vehicles24€69k€47k▼
Leasing and similar rights25€81k€47k▼
Other tangible fixed assets26€1k€819▼
Financial fixed assets28€250€250=
Current assets29/58€743k€736k▼
Stocks and contracts in progress3€30k€20k▼
Stocks30/36€30k€20k▼
Amounts receivable within one year40/41€210k€468k▲
Trade receivables40€176k€457k▲
Other amounts receivable41€34k€11k▼
Current investments50/53€101k€0▼
Cash at bank and in hand54/58€352k€217k▼
Deferred charges and accrued income490/1€50k€31k▼
Equity and liabilities
Total equity and liabilities10/49€897k€833k▼
Equity10/15€473k€538k▲
Contributions10/11€45k€45k=
Reserves13€325k€435k▲
Distributable reserves133€325k€435k▲
Profit (loss) carried forward14€103k€58k▼
Amounts payable17/49€424k€295k▼
Amounts payable after more than one year17€83k€43k▼
Financial debts170/4€83k€43k▼
Amounts payable within one year42/48€341k€252k▼
Current portion of amounts payable after more than one year42€45k€40k▼
Trade debts44€258k€153k▼
Suppliers440/4€258k€153k▼
Taxes, remuneration and social security45€25k€58k▲
Taxes450/3€16k€47k▲
Remuneration and social security454/9€8k€11k▲
Other amounts payable47/48€14k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€475k€601k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€57k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-8k
Other operating charges640/8€8k€15k▲
Non-recurring operating charges66A-€10k
Gross operating margin9900€671k€854k▲
Operating profit (loss)9901€128k€179k▲
Financial income75/76B€3k€1k▼
Recurring financial income75€3k€1k▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€126k€177k▲
Income taxes67/77€39k€58k▲
Profit (loss) for the period9904€87k€119k▲
Profit (loss) for the period to be appropriated9905€87k€119k▲
Appropriation of the result
Profit (loss) to be appropriated9906€348k€222k▼
Profit (loss) brought forward from the previous period14P€261k€103k▼
Transfer from equity791/2€38k€40k▲
Transfer to equity691/2€87k€119k▲
To other reserves6921€87k€119k▲
Profit to be distributed694/7€196k€85k▼
Return on contributions (dividend)694€196k€85k▼
Social balance
Average headcount (FTE)90878.910.4▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | €2k | €0 | - | - |
| Remuneration, social security and pensions62 | €544k | €476k | €508k | €475k | €601k | ▲ 26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51k | €50k | €56k | €60k | €57k | ▼ 5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | €-8k | - |
| Other operating charges640/8 | €7k | €5k | €9k | €8k | €15k | ▲ 71.9% |
| Non-recurring operating charges66A | €0 | - | - | - | €10k | - |
| Gross operating margin9900 | €893k | €698k | €643k | €671k | €854k | ▲ 27.2% |
| Operating profit (loss)9901 | €291k | €167k | €70k | €128k | €179k | ▲ 40.3% |
| Financial income75/76B | €631 | €67 | €3k | €3k | €1k | ▼ 61.6% |
| Recurring financial income75 | €631 | €67 | €3k | €3k | €1k | ▼ 61.6% |
| Financial charges65/66B | €3k | €5k | €4k | €5k | €4k | ▼ 28.4% |
| Recurring financial charges65 | €3k | €5k | €4k | €5k | €4k | ▼ 28.4% |
| Profit (loss) for the period before taxes9903 | €289k | €162k | €69k | €126k | €177k | ▲ 40.6% |
| Income taxes67/77 | €73k | €38k | €18k | €39k | €58k | ▲ 49.0% |
| Profit (loss) for the period9904 | €216k | €125k | €51k | €87k | €119k | ▲ 36.9% |
| Profit (loss) for the period to be appropriated9905 | €216k | €125k | €51k | €87k | €119k | ▲ 36.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.18M | €1.33M | €1.19M | €897k | €833k | ▼ 7.2% |
| Fixed assets21/28 | €145k | €158k | €208k | €154k | €97k | ▼ 37.1% |
| Tangible fixed assets22/27 | €145k | €158k | €208k | €154k | €96k | ▼ 37.2% |
| Plant, machinery and equipment23 | €5k | €4k | €3k | €2k | €992 | ▼ 50.7% |
| Furniture and vehicles24 | €37k | €30k | €88k | €69k | €47k | ▼ 31.6% |
| Leasing and similar rights25 | €98k | €121k | €115k | €81k | €47k | ▼ 41.8% |
| Other tangible fixed assets26 | €5k | €2k | €2k | €1k | €819 | ▼ 30.4% |
| Financial fixed assets28 | - | - | €250 | €250 | €250 | = |
| Current assets29/58 | €1.04M | €1.17M | €979k | €743k | €736k | ▼ 1.0% |
| Stocks and contracts in progress3 | €15k | €30k | €30k | €30k | €20k | ▼ 33.3% |
| Stocks30/36 | €15k | €30k | €30k | €30k | €20k | ▼ 33.3% |
| Amounts receivable within one year40/41 | €689k | €680k | €624k | €210k | €468k | ▲ 123% |
| Trade receivables40 | €687k | €650k | €488k | €176k | €457k | ▲ 159% |
| Other amounts receivable41 | €2k | €30k | €136k | €34k | €11k | ▼ 66.4% |
| Current investments50/53 | - | - | €101k | €101k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €286k | €461k | €186k | €352k | €217k | ▼ 38.2% |
| Deferred charges and accrued income490/1 | €47k | €2k | €38k | €50k | €31k | ▼ 39.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.18M | €1.33M | €1.19M | €897k | €833k | ▼ 7.2% |
| Equity10/15 | €572k | €617k | €583k | €473k | €538k | ▲ 13.7% |
| Contributions10/11 | €45k | €45k | €45k | €45k | €45k | = |
| Reserves13 | €311k | €290k | €277k | €325k | €435k | ▲ 33.8% |
| Non-distributable reserves130/1 | €5k | €5k | €0 | - | - | - |
| Reserves not available under the articles1311 | €5k | €5k | €0 | - | - | - |
| Distributable reserves133 | €307k | €285k | €277k | €325k | €435k | ▲ 33.8% |
| Profit (loss) carried forward14 | €216k | €283k | €261k | €103k | €58k | ▼ 43.6% |
| Amounts payable17/49 | €610k | €713k | €604k | €424k | €295k | ▼ 30.4% |
| Amounts payable after more than one year17 | €72k | €82k | €128k | €83k | €43k | ▼ 48.5% |
| Financial debts170/4 | €72k | €82k | €128k | €83k | €43k | ▼ 48.5% |
| Amounts payable within one year42/48 | €338k | €631k | €476k | €341k | €252k | ▼ 26.1% |
| Current portion of amounts payable after more than one year42 | €43k | €44k | €47k | €45k | €40k | ▼ 10.5% |
| Trade debts44 | €238k | €528k | €416k | €258k | €153k | ▼ 40.8% |
| Suppliers440/4 | €238k | €528k | €416k | €258k | €153k | ▼ 40.8% |
| Taxes, remuneration and social security45 | €53k | €55k | €13k | €25k | €58k | ▲ 136% |
| Taxes450/3 | €46k | €47k | €3k | €16k | €47k | ▲ 193% |
| Remuneration and social security454/9 | €8k | €8k | €10k | €8k | €11k | ▲ 27.6% |
| Other amounts payable47/48 | €4k | €4k | €0 | €14k | €1k | ▼ 91.3% |
| Accrued charges and deferred income492/3 | €201k | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €216k | €125k | €51k | €87k | €119k | ▲ 36.9% |
| + Depreciation and write-downs630 | €51k | €50k | €56k | €60k | €57k | ▼ 5.3% |
| Operating cash flow (approximation) | €267k | €175k | €107k | €147k | €176k | ▲ 19.6% |
| Investment in fixed assets (approximation) | - | €-63k | €-106k | €-6k | €0 | ▲ 100% |
| Change in cash | - | €174k | €-275k | €166k | €-135k | ▼ 181% |
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
13-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €500kEq €538k ▲13.7%
8 profitable years in a row build equity to €538k.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
29-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 213 days late
2022
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €216k ▲136%
Operating result €291k, net result €216k, both a record.
31-12
Financial
Equity above €500kEq €572k ▲60.6%
4 profitable years in a row build equity to €572k.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-04
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, Sint-Katelijne-Waver · 1 establishment unit since 2006
Ground area
614 m²
Building footprint
261 m²
Volume, LiDAR
1,431 m³
Parcel 12035E0255/02C003, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VANDERSTAPPEN
since 20062.155.742.054
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12035E0255/02C003 | Flanders | 614 m² | 1 · 261 m² | 10.1 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
2025 · 1 entry · 63 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 63 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
4 categoriesVANDERSTAPPEN BV38373
Legal Entity Identifier
9845004MTC9F0F9B3930
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 8,951 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-06-2006
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43350Other building finishing work
68310Real estate agency activities
Contact
E-mail
catherine.vdst@vdst.be
Phone
015/29.30.10
Fax
015/20.35.14
E-mail
catherinevdst@vdst.beSint-Katelijne-Waver
Scores and ratios are computed by Checked and are not a credit decision.