VANDERWEE
ActiveSummary
VANDERWEE has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€977,485) and a net result of €164,095. Equity is shrinking by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 7% of 3940 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability61▲+57
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.01 in 2023; short-term debt: 63.7% and cash: 0% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-78.9%
Return on assets
13.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 3940 sector peers (2024).
NBB · sector comparisonPosition among 3940 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-10-2025, 77 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
77 d late
2023
58 d late
2022
58 d late
2021
72 d late
2020
2 d early
2019
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 45 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€977,485▲ 14.4%
2023 · -€1.1m
Total assets
€1.2m▼ 5.4%
2023 · €1.3m
Net result
€164,095
2023 · -€171,278
Working capital
-€781,239▲ 28.1%
2023 · -€1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€116,915▼ 15.1%-€84,036▲ 28.1%-€53,657▲ 36.1%-€62,182▼ 15.9%€274,580
Net result-€226,086below the sector's middle half▼ 14.5%-€155,429below the sector's middle half▲ 31.3%-€140,804below the sector's middle half▲ 9.4%-€171,278below the sector's middle half▼ 21.6%€164,095above the sector's middle half
Equity-€674,070below the sector's middle half▼ 50.5%-€829,498below the sector's middle half▼ 23.1%-€970,302below the sector's middle half▼ 17.0%-€1.1mbelow the sector's middle half▼ 17.7%-€977,485below the sector's middle half▲ 14.4%
Total assets€1.6mabove the sector's middle half▼ 5.7%€1.5mabove the sector's middle half▼ 5.5%€1.4mabove the sector's middle half▼ 5.7%€1.3mabove the sector's middle half▼ 5.4%€1.2mabove the sector's middle half▼ 5.4%
Debt€2.2m▲ 6.3%€2.3m▲ 3.1%€2.4m▲ 2.5%€2.5m▲ 4.1%€2.2m▼ 9.6%
Working capital-€700,015below the sector's middle half▲ 33.7%-€794,280below the sector's middle half▼ 13.5%-€929,557below the sector's middle half▼ 17.0%-€1.1mbelow the sector's middle half▼ 16.9%-€781,239below the sector's middle half▲ 28.1%
Solvency-43.3%below the sector's middle half▼ 16.2pp-56.4%below the sector's middle half▼ 13.1pp-70.0%below the sector's middle half▼ 13.6pp-87.1%below the sector's middle half▼ 17.1pp-78.9%below the sector's middle half▲ 8.2pp
Current ratio0.01below the sector's middle half▲ 0.010.01below the sector's middle half=0.01below the sector's middle half=0.01below the sector's middle half=0.01below the sector's middle half=
Return on assets (ROA)-14.5%below the sector's middle half▼ 2.6pp-10.6%below the sector's middle half▲ 4.0pp-10.2%below the sector's middle half▲ 0.4pp-13.1%below the sector's middle half▼ 2.9pp13.2%above the sector's middle half▲ 26.3pp
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €274,580 after a loss of €62,182 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.2m ▼ 5.4%
Current assets
€7,742 ▼ 2.3%
Key figures and ratios
EBITDA
€345,201▲
2023 · €14,933
Cash flow
€234,716▲
2023 · -€94,162
Quick ratio
0.01▲
2023 · 0.01
Debt to equity
-2.27▼
2023 · -2.15
Interest coverage
3.14▲
2023 · 0.14
Debt ≤ 1 year
€788,980▼
2023 · €1.1m
Debt > 1 year
€1.4m▲
2023 · €1.4m
Income taxes
€436▲
2023 · €421
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 317 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 92% are still going.
- Small
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
4.1%
stopped otherwise
92%
still going
A further 2.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 317 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €337,500 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €100,472 | €88,874 | €81,710 | €77,116 | €70,621 | ▼ 8.4% |
| Other operating charges640/8 | - | €3,925 | €4,623 | €4,450 | €4,894 | ▲ 10.0% |
| Gross operating margin9900 | -€11,941 | €8,764 | €32,675 | €19,383 | €350,094 | ▲ 1,706% |
| Operating profit (loss)9901 | -€116,915 | -€84,036 | -€53,657 | -€62,182 | €274,580 | ▲ 542% |
| Financial income75/76B | - | €18 | - | €3 | €5 | ▲ 105% |
| Recurring financial income75 | €18 | €18 | - | €3 | €5 | ▲ 105% |
| Financial charges65/66B | - | €71,039 | €86,749 | €108,677 | €110,054 | ▲ 1.3% |
| Recurring financial charges65 | €108,837 | €71,039 | €86,749 | €108,677 | €110,054 | ▲ 1.3% |
| Profit (loss) for the period before taxes9903 | -€225,734 | -€155,057 | -€140,406 | -€170,857 | €164,531 | ▲ 196% |
| Income taxes67/77 | €352 | €372 | €398 | €421 | €436 | ▲ 3.5% |
| Profit (loss) for the period9904 | -€226,086 | -€155,429 | -€140,804 | -€171,278 | €164,095 | ▲ 196% |
| Profit (loss) for the period to be appropriated9905 | -€226,086 | -€155,429 | -€140,804 | -€171,278 | €164,095 | ▲ 196% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.5m | €1.4m | €1.3m | €1.2m | ▼ 5.4% |
| Fixed assets21/28 | €1.5m | €1.5m | €1.4m | €1.3m | €1.2m | ▼ 5.4% |
| Tangible fixed assets22/27 | €1.5m | €1.5m | €1.4m | €1.3m | €1.2m | ▼ 5.4% |
| Land and buildings22 | - | €296,144 | €293,319 | €290,607 | €287,979 | ▼ 0.9% |
| Plant, machinery and equipment23 | - | €39,440 | €30,661 | €21,920 | €15,536 | ▼ 29.1% |
| Furniture and vehicles24 | - | €10,128 | €8,361 | €6,694 | €5,028 | ▼ 24.9% |
| Other tangible fixed assets26 | - | €6,304 | €4,527 | €3,099 | €1,731 | ▼ 44.1% |
| Assets under construction and advance payments27 | - | €1.1m | €1.0m | €980,236 | €921,422 | ▼ 6.0% |
| Current assets29/58 | €8,078 | €8,401 | €6,242 | €7,924 | €7,742 | ▼ 2.3% |
| Stocks and contracts in progress3 | - | €424 | €369 | €936 | €750 | ▼ 19.9% |
| Stocks30/36 | - | €424 | €369 | €936 | €750 | ▼ 19.9% |
| Amounts receivable within one year40/41 | €5,516 | €5,377 | €3,048 | €3,865 | €3,853 | ▼ 0.3% |
| Trade receivables40 | - | €1,640 | €2,440 | €3,043 | €2,768 | ▼ 9.0% |
| Other amounts receivable41 | - | €3,737 | €608 | €823 | €1,085 | ▲ 31.9% |
| Cash at bank and in hand54/58 | - | - | - | - | €90 | - |
| Deferred charges and accrued income490/1 | - | €2,599 | €2,826 | €3,122 | €3,049 | ▼ 2.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.5m | €1.4m | €1.3m | €1.2m | ▼ 5.4% |
| Equity10/15 | -€674,070 | -€829,498 | -€970,302 | -€1.1m | -€977,485 | ▲ 14.4% |
| Contributions10/11 | - | €306,500 | €306,500 | €306,500 | €306,500 | = |
| Outside capital11 | - | - | - | - | €306,500 | - |
| Other1109/19 | - | - | - | - | €306,500 | - |
| Revaluation surpluses12 | - | €8,271 | €7,444 | €6,617 | €5,790 | ▼ 12.5% |
| Reserves13 | €72,682 | €73,509 | €74,336 | €75,163 | €75,990 | ▲ 1.1% |
| Non-distributable reserves130/1 | - | €30,650 | €30,650 | €30,650 | €30,650 | = |
| Reserves not available under the articles1311 | - | €30,650 | €30,650 | €30,650 | €30,650 | = |
| Tax-exempt reserves132 | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | €24,109 | €24,936 | €25,763 | €26,590 | ▲ 3.2% |
| Profit (loss) carried forward14 | -€1.1m | -€1.2m | -€1.4m | -€1.5m | -€1.4m | ▲ 10.7% |
| Amounts payable17/49 | €2.2m | €2.3m | €2.4m | €2.5m | €2.2m | ▼ 9.6% |
| Amounts payable after more than one year17 | €1.5m | €1.5m | €1.4m | €1.4m | €1.4m | ▲ 5.2% |
| Financial debts170/4 | - | €1.5m | €1.4m | €1.4m | €1.4m | ▲ 5.2% |
| Amounts payable within one year42/48 | €708,093 | €802,681 | €935,799 | €1.1m | €788,980 | ▼ 27.9% |
| Current portion of amounts payable after more than one year42 | - | €32,370 | €30,734 | €31,587 | €742,306 | ▲ 2,250% |
| Financial debts43 | - | €601,090 | €711,318 | €854,809 | - | - |
| Credit institutions430/8 | - | €601,090 | €711,318 | €854,809 | - | - |
| Trade debts44 | €157,637 | €150,845 | €167,900 | €172,707 | €34,817 | ▼ 79.8% |
| Suppliers440/4 | - | €150,845 | €167,900 | €172,707 | €34,817 | ▼ 79.8% |
| Advances received on contracts in progress46 | - | €83 | €83 | €83 | €83 | = |
| Taxes, remuneration and social security45 | - | €1,533 | €4,904 | €6,859 | €1,898 | ▼ 72.3% |
| Taxes450/3 | - | €1,533 | €4,904 | €6,859 | €1,898 | ▼ 72.3% |
| Other amounts payable47/48 | - | €16,760 | €20,860 | €28,191 | €9,877 | ▼ 65.0% |
| Accrued charges and deferred income492/3 | - | €62 | €73 | €507 | €112 | ▼ 77.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€226,086 | -€155,429 | -€140,804 | -€171,278 | €164,095 | ▲ 196% |
| + Depreciation and write-downs630 | €100,472 | €88,874 | €81,710 | €77,116 | €70,621 | ▼ 8.4% |
| Operating cash flow (approximation) | -€125,614 | -€66,554 | -€59,094 | -€94,162 | €234,716 | ▲ 349% |
| Investment in fixed assets (approximation) | - | -€2,750 | €0 | €0 | €240 | - |
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
2025
16-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 77 days late
2024
31-12
Financial
Back to profitnet €164,095
Net result €164,095 after 6 loss-making years.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 72 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€226,086
Net result drops to -€226,086, the lowest in the series; recovery starts the following year.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Middelkerke · 1 establishment unit since 2009
Ground area
8,128 m²
Building footprint
434 m²
Volume, LiDAR
2 m³
Parcel 35008D0411/00B000, Flanders · tallest building 0.2 m. Linked by address, not a title deed.
1 establishment unit
Gistelstraat 15, 8432 Middelkerke
since 20092.234.749.247
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35008D0411/00B000 | Flanders | 8,128 m² | 1 · 434 m² | 0.2 m |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMiddelkerke2.234.749.247
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Nieuwpoort
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,961 companies in sector 01430 we hold annual accounts for 742. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded26-05-1989
Fiscal year end31-12
Activities, NACEBEL 2025
01430Raising of horses and other equines
55203Holiday cottages, homes and apartments
55204Guest rooms (bed and breakfast)
68203Renting and operating of own or leased non-residential real estate, excluding land
96995Pet boarding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437575512
Also
9925:BE0437575512
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.