VANDEWAERDE
ActiveSummary
VANDEWAERDE has been active since 1995 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €60,552 and a net result of €534. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 66% of 4272 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+16
Solvency76▲+1
Growth38▼-4
Track record92
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 2.47 against 2.41 in 2024; short-term debt: 36.4% and cash: 39.3% of total assets), and 49.3% of the assets are financed with debt.
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Signals
Seven 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
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
50.7%
Return on assets
0.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
59 d late
2023
61 d late
2022
184 d late
2021
176 d late
2020
183 d late
2019
117 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 116 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
Checked, nothing found (1)
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. Usually files around 1 October (4 of the last 5 filed years within 114 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€22,790▼ 35.8%
2024 · €35,485
EBIT margin
14.8%▲ 9.7pp
2024 · 5.1%
Net result
€534▲ 28.1%
2024 · €417
Working capital
€63,830▲ 0.3%
2024 · €63,631
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€29,664▼ 29.8%€39,425▲ 32.9%€33,719▼ 14.5%€35,485▲ 5.2%€22,790▼ 35.8%
Operating result-€6,693€1,313€1,439▲ 9.6%€1,807▲ 25.6%€3,378▲ 86.9%
Net result-€6,799below the sector's middle half€801below the sector's middle half€630below the sector's middle half▼ 21.3%€417below the sector's middle half▼ 33.8%€534within the sector's middle half▲ 28.1%
EBIT margin-22.6%▼ 26.0pp3.3%▲ 25.9pp4.3%▲ 0.9pp5.1%▲ 0.8pp14.8%▲ 9.7pp
Equity€58,171below the sector's middle half▼ 10.5%€58,972below the sector's middle half▲ 1.4%€59,602below the sector's middle half▲ 1.1%€60,018below the sector's middle half▲ 0.7%€60,552below the sector's middle half▲ 0.9%
Total assets€115,549below the sector's middle half▼ 2.1%€111,031below the sector's middle half▼ 3.9%€112,102below the sector's middle half▲ 1.0%€120,871below the sector's middle half▲ 7.8%€119,340below the sector's middle half▼ 1.3%
Debt€57,378▲ 8.2%€52,059▼ 9.3%€52,500▲ 0.8%€60,853▲ 15.9%€58,788▼ 3.4%
Working capital€66,510within the sector's middle half▼ 9.2%€70,886within the sector's middle half▲ 6.6%€65,534within the sector's middle half▼ 7.6%€63,631within the sector's middle half▼ 2.9%€63,830within the sector's middle half▲ 0.3%
Solvency50.3%within the sector's middle half▼ 4.7pp53.1%within the sector's middle half▲ 2.8pp53.2%within the sector's middle half▲ 0.1pp49.7%within the sector's middle half▼ 3.5pp50.7%within the sector's middle half▲ 1.1pp
Current ratio2.97above the sector's middle half▼ 0.523.24above the sector's middle half▲ 0.262.96above the sector's middle half▼ 0.282.41within the sector's middle half▼ 0.552.47within the sector's middle half▲ 0.06
Return on assets (ROA)-5.9%below the sector's middle half▼ 6.8pp0.7%within the sector's middle half▲ 6.6pp0.6%below the sector's middle half▼ 0.2pp0.3%below the sector's middle half▼ 0.2pp0.4%within the sector's middle half▲ 0.1pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 87% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €119,340
Fixed assets
€12,110 ▲ 0.1%
Current assets
€107,230 ▼ 1.4%
Equity and liabilities €119,340
Equity
€60,552 ▲ 0.9%
Debt
€58,788 ▼ 3.4%
Debt's share of the balance-sheet total falls from 50.3% to 49.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4,447▲
2024 · €2,787
Cash flow
€1,603▲
2024 · €1,397
Quick ratio
2.28▲
2024 · 2.19
Debt to equity
0.97▼
2024 · 1.01
ROE
0.9%▲
2024 · 0.7%
Interest coverage
96.67▲
2024 · 17.31
Debt ≤ 1 year
€43,400▼
2024 · €45,141
Debt > 1 year
€15,388▼
2024 · €15,712
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 17,040 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €29,664 | €39,425 | €33,719 | €35,485 | €22,790 | ▼ 35.8% |
| Goods, raw materials, services and sundry goods60/61 | €30,879 | €35,678 | €30,738 | €31,529 | €17,015 | ▼ 46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,114 | €583 | €1,025 | €980 | €1,069 | ▲ 9.1% |
| Other operating charges640/8 | €1,364 | €1,851 | €517 | €1,169 | €1,328 | ▲ 13.6% |
| Gross operating margin9900 | -€1,215 | €3,747 | €2,981 | €3,956 | €5,775 | ▲ 46.0% |
| Operating profit (loss)9901 | -€6,693 | €1,313 | €1,439 | €1,807 | €3,378 | ▲ 86.9% |
| Financial income75/76B | €162 | €154 | - | €21 | - | - |
| Recurring financial income75 | €162 | €92 | - | €21 | - | - |
| Non-recurring financial income76B | - | €62 | - | - | - | - |
| Financial charges65/66B | €220 | €639 | €809 | €1,411 | €2,844 | ▲ 102% |
| Recurring financial charges65 | €220 | €203 | €184 | €161 | €46 | ▼ 71.4% |
| Non-recurring financial charges66B | - | €436 | €625 | €1,250 | €2,798 | ▲ 124% |
| Profit (loss) for the period before taxes9903 | -€6,751 | €828 | €630 | €417 | €534 | ▲ 28.1% |
| Income taxes67/77 | €48 | €27 | - | - | - | - |
| Profit (loss) for the period9904 | -€6,799 | €801 | €630 | €417 | €534 | ▲ 28.1% |
| Profit (loss) for the period to be appropriated9905 | -€6,799 | €801 | €630 | €417 | €534 | ▲ 28.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €115,549 | €111,031 | €112,102 | €120,871 | €119,340 | ▼ 1.3% |
| Fixed assets21/28 | €15,335 | €8,460 | €13,080 | €12,099 | €12,110 | ▲ 0.1% |
| Tangible fixed assets22/27 | €1,729 | €1,146 | €4,766 | €3,785 | €3,796 | ▲ 0.3% |
| Plant, machinery and equipment23 | €1,597 | €1,146 | €1,210 | €674 | €1,129 | ▲ 67.5% |
| Furniture and vehicles24 | €132 | - | - | - | - | - |
| Other tangible fixed assets26 | - | - | €3,556 | €3,111 | €2,667 | ▼ 14.3% |
| Financial fixed assets28 | €13,606 | €7,314 | €8,314 | €8,314 | €8,314 | = |
| Current assets29/58 | €100,214 | €102,571 | €99,022 | €108,772 | €107,230 | ▼ 1.4% |
| Stocks and contracts in progress3 | €11,710 | €8,160 | €11,110 | €10,060 | €8,310 | ▼ 17.4% |
| Stocks30/36 | €11,710 | €8,160 | €11,110 | €10,060 | €8,310 | ▼ 17.4% |
| Amounts receivable within one year40/41 | €44,129 | €43,758 | €51,077 | €43,784 | €49,341 | ▲ 12.7% |
| Trade receivables40 | €32,570 | €29,363 | €35,193 | €26,479 | €35,127 | ▲ 32.7% |
| Other amounts receivable41 | €11,559 | €14,395 | €15,884 | €17,305 | €14,214 | ▼ 17.9% |
| Cash at bank and in hand54/58 | €41,239 | €47,529 | €33,308 | €44,677 | €46,881 | ▲ 4.9% |
| Deferred charges and accrued income490/1 | €3,136 | €3,124 | €3,527 | €10,251 | €2,698 | ▼ 73.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €115,549 | €111,031 | €112,102 | €120,871 | €119,340 | ▼ 1.3% |
| Equity10/15 | €58,171 | €58,972 | €59,602 | €60,018 | €60,552 | ▲ 0.9% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €14,937 | €15,738 | €16,368 | €16,784 | €17,318 | ▲ 3.2% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €8,737 | €9,538 | €10,168 | €10,584 | €11,118 | ▲ 5.0% |
| Profit (loss) carried forward14 | -€18,766 | -€18,766 | -€18,766 | -€18,766 | -€18,766 | = |
| Amounts payable17/49 | €57,378 | €52,059 | €52,500 | €60,853 | €58,788 | ▼ 3.4% |
| Amounts payable after more than one year17 | €23,674 | €20,374 | €19,012 | €15,712 | €15,388 | ▼ 2.1% |
| Other amounts payable178/9 | €23,674 | €20,374 | €19,012 | €15,712 | €15,388 | ▼ 2.1% |
| Amounts payable within one year42/48 | €33,704 | €31,685 | €33,488 | €45,141 | €43,400 | ▼ 3.9% |
| Trade debts44 | €25,374 | €23,355 | €25,158 | €36,811 | €35,070 | ▼ 4.7% |
| Suppliers440/4 | €25,374 | €23,355 | €25,158 | €36,811 | €35,070 | ▼ 4.7% |
| Taxes, remuneration and social security45 | €8,330 | €8,330 | €8,330 | €8,330 | €8,330 | = |
| Remuneration and social security454/9 | €8,330 | €8,330 | €8,330 | €8,330 | €8,330 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,799 | €801 | €630 | €417 | €534 | ▲ 28.1% |
| + Depreciation and write-downs630 | €4,114 | €583 | €1,025 | €980 | €1,069 | ▲ 9.1% |
| Operating cash flow (approximation) | -€2,685 | €1,384 | €1,655 | €1,397 | €1,603 | ▲ 14.7% |
| Investment in fixed assets (approximation) | - | €6,292 | -€5,645 | €1 | -€1,080 | ▼ 108,100% |
| Change in cash | - | €6,290 | -€14,221 | €11,369 | €2,204 | ▼ 80.6% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 30 days late
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 59 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
03-09
KBO administration
UBO non-compliance
event 19-08-2024
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 184 days late
2023
23-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 176 days late
2022
31-12
Financial
Back to profitnet €801
Net result €801 after one loss-making year.
30-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 183 days late
2020
31-12
Financial
Back to profitnet €1,100
Net result €1,100 after 2 loss-making years.
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 117 days late
2019
10-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 132 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 92 days late
25-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 237 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Bocholt · 1 establishment unit since 1995
Ground area
539 m²
Building footprint
165 m²
Volume, LiDAR
885 m³
Parcel 72003A0335/00F002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VANDEWAERDE NV
since 19952.072.997.688
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72003A0335/00F002 | Flanders | 539 m² | 1 · 165 m² | 9.8 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.
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Of 10,654 companies in this sector we hold annual accounts for 5,227. 3,428 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded03-04-1995
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454891002
Also
9925:BE0454891002
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
General meetings
1 convocationGeneral meeting
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC-1-8-04116/22.04)
Scores and ratios are computed by Checked and are not a credit decision.