VANDEVELDE
ActiveVANDEVELDE has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €434k and a net result of €93k. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 71% of 9625 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability84=
Solvency84▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.39 against 2.19 in 2023; short-term debt: 41.4% and cash: 21.4% of total assets), and 41.4% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-10-2025, 90 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
90 d late
2023
83 d late
2022
39 d late
2021
78 d late
2020
88 d late
2019
122 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€434k▲ 27.1%
2023 · €342k
2018: €237k
2019: €266k
2020: €321k
2021: €392k
2022: €267k
2023: €342k
2018 → 2024
Total assets
€742k▲ 18.3%
2023 · €627k
2018: €498k
2019: €487k
2020: €511k
2021: €598k
2022: €556k
2023: €627k
2018 → 2024
Net result
€93k▲ 24.0%
2023 · €75k
2018: €39k
2019: €29k
2020: €55k
2021: €71k
2022: €100k
2023: €75k
2018 → 2024
Working capital
€428k▲ 27.5%
2023 · €336k
2018: €230k
2019: €261k
2020: €317k
2021: €388k
2022: €261k
2023: €336k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€321k-€392k▲ 22.1%€267k▼ 31.8%€342k▲ 28.0%€434k▲ 27.1%
Operating result€52k-€77k▲ 47.4%€100k▲ 29.6%€81k▼ 18.7%€107k▲ 32.3%
Net result€55k-€71k▲ 28.8%€100k▲ 41.5%€75k▼ 25.3%€93k▲ 24.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 32% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €742k
Fixed assets
€7k▼ 23.0%
Current assets
€735k▲ 18.9%
Equity and liabilities €742k
Equity
€434k▲ 27.1%
Debt
€307k▲ 7.7%
The debt ratio falls from 45.5% to 41.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€109k▲
2023 · €83k
Cash flow
€95k▲
2023 · €76k
Solvency
58.6%▲
2023 · 54.5%
Current ratio
2.39▲
2023 · 2.19
Quick ratio
1.64▲
2023 · 1.37
Debt / equity
0.71▼
2023 · 0.83
ROE
21.3%▼
2023 · 21.9%
ROA
12.5%▲
2023 · 11.9%
Interest coverage
43.56▼
2023 · 81.53
Debt
€307k▲
2023 · €285k
Debt ≤ 1 year
€307k▲
2023 · €282k
Income taxes
€33k▲
2023 · €27k
Staff costs
€149k▲
2023 · €114k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€627k€742k▲
Fixed assets21/28€9k€7k▼
Tangible fixed assets22/27€9k€7k▼
Land and buildings22€1k€1k=
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€5k€4k▼
Current assets29/58€618k€735k▲
Stocks and contracts in progress3€233k€233k=
Stocks30/36€233k€233k=
Amounts receivable within one year40/41€150k€170k▲
Trade receivables40€146k€170k▲
Other amounts receivable41€4k€47▼
Current investments50/53€57k€169k▲
Cash at bank and in hand54/58€175k€159k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€627k€742k▲
Equity10/15€342k€434k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€280k€373k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€263€263=
Distributable reserves133€274k€366k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€285k€307k▲
Amounts payable within one year42/48€282k€307k▲
Trade debts44€86k€110k▲
Suppliers440/4€86k€110k▲
Taxes, remuneration and social security45€23k€28k▲
Taxes450/3€4k€9k▲
Remuneration and social security454/9€19k€19k▲
Other amounts payable47/48€173k€169k▼
Accrued charges and deferred income492/3€3k€296▼
Income statement
Code20232024
Remuneration, social security and pensions62€114k€149k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€4k€3k▼
Non-recurring operating charges66A€551€0▼
Gross operating margin9900€200k€262k▲
Operating profit (loss)9901€81k€107k▲
Financial income75/76B€22k€21k▼
Recurring financial income75€22k€21k▼
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€102k€126k▲
Income taxes67/77€27k€33k▲
Profit (loss) for the period9904€75k€93k▲
Profit (loss) for the period to be appropriated9905€75k€93k▲
Appropriation of the result
Profit (loss) to be appropriated9906€75k€93k▲
Transfer from equity791/2€0-
Transfer to equity691/2€75k€93k▲
To other reserves6921€75k€93k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Directors or managers695€0-
Social balance
Average headcount (FTE)90872.02.4▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 90 days late
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 83 days late
2023
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 39 days late
2022
31-12
Financial
Highest result since 2018net €100k ▲41.5%
Net result €100k, the highest in the series.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 78 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 88 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
31-12
Financial
Weakest financial yearnet €29k ▼24.9%
Net result drops to €29k, the lowest in the series; recovery starts the following year.
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 71 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Tielt · 1 establishment unit since 1990
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.
Statiestraat 188760 TieltGround area
673 m²
Building footprint
246 m²
Volume, LiDAR
1,475 m³
Parcel 37007A1103/00W000, Flanders · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VANDEVELDE NV
since 19902.046.601.911
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37007A1103/00W000 | Flanders | 673 m² | 1 · 246 m² | 12.2 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTielt2.046.601.911
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Of 5,224 companies in sector 47730 we hold annual accounts for 3,864. 3,418 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-12-1989
Fiscal year end31-12
Activities, NACEBEL
47730Retail sale of pharmaceutical products
52310
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.