Vanderstukken
ActiveVanderstukken has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €370k and a net result of €10k. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 64% of 1836 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-1
Solvency76▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 0.91 in 2024; short-term debt: 48.4% and cash: 4.6% of total assets), and 48.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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
51.4%
Return on assets
1.5%
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
43 d early
2023
36 d early
2022
40 d early
2021
23 d late
2020
19 d late
2019
32 d early
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€370k▲ 2.9%
2024 · €359k
2018: €278k
2019: €341k
2020: €427k
2021: €312k
2022: €285k
2023: €338k
2024: €359k
2018 → 2025
Total assets
€719k▼ 9.6%
2024 · €795k
2018: €1.05M
2019: €977k
2020: €1.33M
2021: €1.24M
2022: €1.13M
2023: €851k
2024: €795k
2018 → 2025
Net result
€10k▼ 51.6%
2024 · €22k
2018: €137k
2019: €63k
2020: €89k
2021: €-114k
2022: €-27k
2023: €52k
2024: €22k
2018 → 2025
Working capital
€43k
2024 · €-36k
2018: €249k
2019: €291k
2020: €16k
2021: €-76k
2022: €-197k
2023: €-134k
2024: €-36k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€312k-€285k▼ 8.6%€338k▲ 18.4%€359k▲ 6.4%€370k▲ 2.9%
Operating result€-92k-€-9k▲ 90.6%€91k€55k▼ 39.8%€39k▼ 29.3%
Net result€-114k-€-27k▲ 76.4%€52k€22k▼ 58.8%€10k▼ 51.6%
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 has fallen two years in a row; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €719k
Fixed assets
€328k▼ 19.9%
Current assets
€391k▲ 1.5%
Equity and liabilities €719k
Equity
€370k▲ 2.9%
Debt
€349k▼ 19.9%
The debt ratio falls from 54.8% to 48.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€144k▼
2024 · €172k
Cash flow
€116k▼
2024 · €139k
Solvency
51.4%▲
2024 · 45.2%
Current ratio
1.12▲
2024 · 0.91
Quick ratio
0.88▲
2024 · 0.76
Debt / equity
0.94▼
2024 · 1.21
ROE
2.8%▼
2024 · 6.0%
ROA
1.5%▼
2024 · 2.7%
Interest coverage
46.60▲
2024 · 34.35
Debt
€349k▼
2024 · €436k
Debt ≤ 1 year
€348k▼
2024 · €421k
Income taxes
€25k▼
2024 · €28k
Staff costs
€88k▲
2024 · €71k
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€795k€719k▼
Fixed assets21/28€410k€328k▼
Intangible fixed assets21€325k€267k▼
Tangible fixed assets22/27€84k€60k▼
Plant, machinery and equipment23€12k€7k▼
Furniture and vehicles24€70k€52k▼
Leasing and similar rights25€987-
Financial fixed assets28€1k€1k=
Current assets29/58€385k€391k▲
Amounts receivable after more than one year29€80k€75k▼
Other amounts receivable291€80k€75k▼
Stocks and contracts in progress3€65k€86k▲
Stocks30/36€65k€86k▲
Amounts receivable within one year40/41€215k€187k▼
Trade receivables40€212k€155k▼
Other amounts receivable41€3k€32k▲
Cash at bank and in hand54/58€17k€33k▲
Deferred charges and accrued income490/1€9k€9k▲
Equity and liabilities
Total equity and liabilities10/49€795k€719k▼
Equity10/15€359k€370k▲
Contributions10/11€12k€12k=
Reserves13€347k€357k▲
Distributable reserves133€347k€357k▲
Amounts payable17/49€436k€349k▼
Amounts payable after more than one year17€13k-
Financial debts170/4€13k-
Amounts payable within one year42/48€421k€348k▼
Current portion of amounts payable after more than one year42€34k€13k▼
Financial debts43-€5k
Credit institutions430/8-€5k
Trade debts44€85k€57k▼
Suppliers440/4€85k€57k▼
Advances received on contracts in progress46€579€579=
Taxes, remuneration and social security45€73k€78k▲
Taxes450/3€61k€59k▼
Remuneration and social security454/9€13k€19k▲
Other amounts payable47/48€229k€194k▼
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20242025
Non-recurring operating income76A-€8k
Remuneration, social security and pensions62€71k€88k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€117k€105k▼
Other operating charges640/8€68k€72k▲
Gross operating margin9900€311k€304k▼
Operating profit (loss)9901€55k€39k▼
Financial income75/76B€9€38▲
Recurring financial income75€9€20▲
Non-recurring financial income76B-€18
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€50k€36k▼
Income taxes67/77€28k€25k▼
Profit (loss) for the period9904€22k€10k▼
Profit (loss) for the period to be appropriated9905€22k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€10k▼
Transfer to equity691/2€22k€10k▼
To other reserves6921€22k€10k▼
Social balance
Average headcount (FTE)90871.71.7=
The notes to these accounts (10 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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €52k
Net result €52k after 2 loss-making years.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
31-12
Financial
Weakest financial yearnet €-114k ▼228%
Net result drops to €-114k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 19 days late
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kortenaken · 1 establishment unit since 2015
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.
Helstraat 493470 KortenakenGround area
9,490 m²
Building footprint
519 m²
Volume, LiDAR
1,846 m³
Parcel 24042E0123/00S000, Flanders · tallest building 5.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Vanderstukken BV
since 20152.244.116.279
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24042E0123/00S000 | Flanders | 9,490 m² | 1 · 519 m² | 5.1 m · 1 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 · 5 entries · 797 EUR awarded · 797 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 250 EUR | 250 EUR |
| 2024 | 1 | 144 EUR | 144 EUR |
| 2023 | 1 | 182 EUR | 182 EUR |
| 2022 | 1 | 221 EUR | 221 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies bevordering en uitvoering beleid
Recognitions · licences · registrations
Food safety, FASFC
1 siteKortenaken2.244.116.279
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Of 12,605 companies in sector 49410 we hold annual accounts for 8,195. 5,605 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-07-2015
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
01410Raising of dairy cattle
01480Raising of other animals
01490Crop and animal production, hunting and related service activities
01500Mixed farming
01610Support activities for crop production
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.