VANDEWAETERE

Active

Private limited companyfounded 20205 yrs activeSasstraat 20, 8710 Wielsbeke, BelgiumKBO/BCE: BE 0755.500.336

The computed 12-month bankruptcy probability of VANDEWAETERE is 2.1% (moderate). The 2025 annual accounts show equity of €84k and a net result of €2k. Equity is growing by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 22% of 27446 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2025

56 / 100

Fair▼ -25 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability10▼-90

Solvency28▼-17

Growth52▼-26

Stability94

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity tight (current ratio 1.06 against 1.7 in 2024), and 79.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

20.8%

Return on assets

0.4%

Age of the figures

15 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 27446 sector peers (2025).

NBB · sector comparison

Position among 27446 sector peers

Solvency

better than 22%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-10-2025, 115 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

115 d early

2024

136 d early

2023

138 d early

2022

41 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close16-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€84k▲ 2.0%

2024 · €82k

2022: €42k 2023: €50k 2024: €82k

2022 → 2025

Total assets

€402k▲ 6.1%

2024 · €379k

2022: €330k 2023: €339k 2024: €379k

2022 → 2025

Net result

€2k▼ 94.9%

2024 · €32k

2022: €22k 2023: €8k 2024: €32k

2022 → 2025

Working capital

€5k▼ 80.3%

2024 · €24k

2022: €13k 2023: €28k 2024: €24k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€42k-€50k▲ 20.2%€82k▲ 63.4%€84k▲ 2.0%

Operating result€29k-€13k▼ 55.3%€41k▲ 217%€8k▼ 80.1%

Net result€22k-€8k▼ 61.1%€32k▲ 277%€2k▼ 94.9%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 80% below 2024 and is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €402k

78.9%

21.1%

Fixed assets €317k▼ 0.7%

Current assets €85k▲ 42.5%

Equity and liabilities €402k

20.8%

79.2%

Equity €84k▲ 2.0%

Debt €318k▲ 7.2%

The debt ratio rises from 78.4% to 79.2%: debt grows faster than equity.

Key figures and ratios

2025 value · change against 2024

EBITDA

€44k▼

2024 · €73k

Cash flow

€38k▼

2024 · €64k

Solvency

20.8%▼

2024 · 21.6%

Current ratio

1.06▼

2024 · 1.70

Quick ratio

0.88▼

2024 · 1.29

Debt / equity

3.81▲

2024 · 3.62

ROE

1.9%▼

2024 · 38.8%

ROA

0.4%▼

2024 · 8.4%

Interest coverage

6.42▼

2024 · 7.91

Debt

€318k▲

2024 · €297k

Debt ≤ 1 year

€80k▲

2024 · €35k

Debt > 1 year

€238k▼

2024 · €262k

Staff costs

€371

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€379k€402k▲

Fixed assets21/28€319k€317k▼

Tangible fixed assets22/27€319k€317k▼

Land and buildings22€246k€237k▼

Plant, machinery and equipment23€59k€72k▲

Furniture and vehicles24€14k€9k▼

Current assets29/58€59k€85k▲

Stocks and contracts in progress3€14k€14k▲

Stocks30/36€14k€14k▲

Amounts receivable within one year40/41€24k€57k▲

Trade receivables40€19k€45k▲

Other amounts receivable41€5k€12k▲

Cash at bank and in hand54/58€19k€9k▼

Deferred charges and accrued income490/1€3k€4k▲

Equity and liabilities

Total equity and liabilities10/49€379k€402k▲

Equity10/15€82k€84k▲

Contributions10/11€20k€20k=

Reserves13€62k€64k▲

Distributable reserves133€62k€64k▲

Amounts payable17/49€297k€318k▲

Amounts payable after more than one year17€262k€238k▼

Financial debts170/4€219k€197k▼

Other amounts payable178/9€43k€41k▼

Amounts payable within one year42/48€35k€80k▲

Current portion of amounts payable after more than one year42€22k€23k▲

Trade debts44€11k€42k▲

Suppliers440/4€11k€42k▲

Advances received on contracts in progress46€0€14k▲

Taxes, remuneration and social security45€2k€815▼

Taxes450/3€2k€655▼

Remuneration and social security454/9-€160

Accrued charges and deferred income492/3€272€258▼

Income statement Code20242025

Non-recurring operating income76A-€2k

Remuneration, social security and pensions62-€371

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€36k▲

Other operating charges640/8€2k€2k▲

Gross operating margin9900€75k€47k▼

Operating profit (loss)9901€41k€8k▼

Financial income75/76B€205€409▲

Recurring financial income75€205€409▲

Financial charges65/66B€9k€7k▼

Recurring financial charges65€9k€7k▼

Profit (loss) for the period before taxes9903€32k€2k▼

Profit (loss) for the period9904€32k€2k▼

Profit (loss) for the period to be appropriated9905€32k€2k▼

Appropriation of the result

Profit (loss) to be appropriated9906€32k€2k▼

Transfer to equity691/2€32k€2k▼

To other reserves6921€32k€2k▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

Next filing, fiscal year 2026, expected by 31-01-2027

2025

08-10

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

30-06

Financial Weakest financial yearnet €2k ▼94.9%

Net result drops to €2k, the lowest in the series.

2024

17-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

30-06

Financial Highest result since 2022net €32k ▲277%

Operating result €41k, net result €32k, both a record.

2023

15-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2022

21-12

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Wielsbeke · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Sasstraat 208710 Wielsbeke

Ground area

863 m²

Building footprint

327 m²

Volume, LiDAR

2,119 m³

2 parcels, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

SCHRIJNWERKEN VDW

Rijksweg 486A, 8710 WielsbekeJoinery installation

since 20202.308.215.463

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
37017A0658/00Z000	Flanders	434 m²	1 · 77 m²	-
37009A0788/00H008	Flanders	428 m²	1 · 250 m²	9.7 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels 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 · 1 entry · 249 EUR awarded · 249 EUR paid

Year	Entries	awarded	paid
2022	1	249 EUR	249 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 249 EUR · 249 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Sint-Pieters-Leeuw · Eq €84k

Of 19,947 companies in sector 43320 we hold annual accounts for 9,086. 7,647 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded01-10-2020

Fiscal year end30-06

Activities, NACEBEL

43320Joinery installation

Sources

Crossroads Bank for EnterprisesNational Bank · 4 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.