VANDEVELDE ENGINEERING
ActiveVANDEVELDE ENGINEERING has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75k and a net result of €6k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 34% of 391 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
69
/ 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
Profitability72▲+11
Solvency56▼-12
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.6 against 2.99 in 2024; short-term debt: 26% and cash: 16.4% of total assets), but 68.9% 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○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
31.1%
Return on assets
2.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
30 d early
2023
28 d early
2022
34 d early
2021
33 d early
2020
31 d early
2019
29 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€75k▼ 30.1%
2024 · €107k
2018: €74k
2019: €83k
2020: €88k
2021: €100k
2022: €126k
2023: €116k
2024: €107k
2018 → 2025
Total assets
€241k▼ 4.5%
2024 · €253k
2018: €135k
2019: €127k
2020: €162k
2021: €298k
2022: €308k
2023: €294k
2024: €253k
2018 → 2025
Net result
€6k▲ 390%
2024 · €1k
2018: €12k
2019: €10k
2020: €24k
2021: €12k
2022: €26k
2023: €2k
2024: €1k
2018 → 2025
Working capital
€38k▼ 40.7%
2024 · €64k
2018: €55k
2019: €68k
2020: €68k
2021: €57k
2022: €81k
2023: €68k
2024: €64k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€100k-€126k▲ 26.3%€116k▼ 8.5%€107k▼ 7.1%€75k▼ 30.1%
Operating result€20k-€39k▲ 93.5%€7k▼ 82.3%€7k▲ 8.7%€14k▲ 86.1%
Net result€12k-€26k▲ 116%€2k▼ 94.2%€1k▼ 17.4%€6k▲ 390%
Turnover and EBIT margin not published: the micro 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 86% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €241k
Fixed assets
€141k▼ 10.1%
Current assets
€101k▲ 4.7%
Equity and liabilities €241k
Equity
€75k▼ 30.1%
Debt
€166k▲ 14.5%
The debt ratio rises from 57.5% to 68.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€30k▲
2024 · €25k
Cash flow
€22k▲
2024 · €19k
Solvency
31.1%▼
2024 · 42.5%
Current ratio
1.60▼
2024 · 2.99
Quick ratio
1.60▼
2024 · 2.99
Debt / equity
2.21▲
2024 · 1.35
ROE
8.3%▲
2024 · 1.2%
ROA
2.6%▲
2024 · 0.5%
Interest coverage
6.74▲
2024 · 5.03
Debt
€166k▲
2024 · €145k
Debt ≤ 1 year
€63k▲
2024 · €32k
Debt > 1 year
€103k▼
2024 · €113k
Income taxes
€3k▲
2024 · €1k
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€253k€241k▼
Fixed assets21/28€156k€141k▼
Tangible fixed assets22/27€156k€141k▼
Land and buildings22€153k€141k▼
Plant, machinery and equipment23€136€12▼
Furniture and vehicles24€3k€69▼
Current assets29/58€96k€101k▲
Amounts receivable within one year40/41€53k€56k▲
Trade receivables40€29k€42k▲
Other amounts receivable41€24k€13k▼
Cash at bank and in hand54/58€38k€40k▲
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€253k€241k▼
Equity10/15€107k€75k▼
Contributions10/11€20k€20k=
Reserves13€87k€55k▼
Tax-exempt reserves132€1k€1k=
Distributable reserves133€86k€53k▼
Amounts payable17/49€145k€166k▲
Amounts payable after more than one year17€113k€103k▼
Financial debts170/4€113k€103k▼
Amounts payable within one year42/48€32k€63k▲
Current portion of amounts payable after more than one year42€13k€10k▼
Financial debts43€2k€2k=
Other loans439€2k€2k=
Trade debts44€4k€6k▲
Suppliers440/4€4k€6k▲
Taxes, remuneration and social security45€3k€6k▲
Taxes450/3€3k€6k▲
Other amounts payable47/48€10k€39k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€16k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€28k€32k▲
Operating profit (loss)9901€7k€14k▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€3k€9k▲
Income taxes67/77€1k€3k▲
Profit (loss) for the period9904€1k€6k▲
Profit (loss) for the period to be appropriated9905€1k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1k€6k▲
Transfer from equity791/2€10k€39k▲
Transfer to equity691/2€1k€6k▲
To other reserves6921€1k€6k▲
Profit to be distributed694/7€10k€39k▲
Return on contributions (dividend)694€10k€39k▲
The notes to these accounts (8 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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €1k ▼17.4%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €26k ▲116%
Operating result €39k, net result €26k, both a record.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €100kEq €100k ▲13.9%
4 profitable years in a row build equity to €100k.
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
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.
Directors · office · real estate
Directors
1 act for this company is 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, Waregem · 1 establishment unit since 2007
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.
Grote Heerweg 1828791 WaregemGround area
2,186 m²
Building footprint
111 m²
Volume, LiDAR
640 m³
Parcel 34006A0438/00Y005, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BVBA Vandevelde Engineering
since 20072.158.560.202
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006A0438/00Y005 | Flanders | 2,186 m² | 1 · 111 m² | 8.1 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.
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BUREAU VOOR INGENIEURS EN INDUSTRIELE TECHNIEKEN
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Smart Technical Maintenance
BE 0799.784.992
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ITENSO TECHNICS
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Of 136 companies in sector 28410 we hold annual accounts for 107. 54 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-12-2006
Fiscal year end30-09
Activities, NACEBEL
28410Manufacture of machinery and equipment not elsewhere classified
29420
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.