Equity
€1.3m from €2.5m in 2011
Equity fell by 49% in 14 years.
Vandewaetere Building
Lifetime
20 annual accounts with figures on one time axis, 34 filings since 1992peak €83,164 (2009)
€32,436▲ 15.3%
lowest -€80,576 (2013)
€235,554▲ 222%
peak €2.5m (2011)
€1.3m▲ 22.1%
€100,296▼ 44.1%
Board2 names since 2017
1 directorYasmine Dufour
Documentsfilings and deeds
11-06-202650 days before the deadline
2025micro format
Gross margin from €28,141 to €32,436Result from €73,112 to €235,5541 director appointed, 1 resignation, 1 reappointment 14-11Equity from €1.1m to €1.3mDebts from €179,542 to €100,296Cash from €208,082 to €308,038
Key points
from the 2025 annual accountsChecked score
97
Excellent
Financially stronger than 75% of micro companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Size: total assets €1.4m
Equity €1.3m (89.8% of total assets)
Liquidity: current ratio 5.47, cash €308,038
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 81% of them on solvency, 71% on liquidity, 72% on profitability and 78% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as Vandewaetere Building has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of Vandewaetere Building itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for Vandewaetere Building. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €120,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.47 (1.21 in 2024), above the usual 1.5. Short-term debt is 6.1% and cash 21.3% of total assets. 10.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.3m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 days early
2024
30 days early
2023
29 days early
2022
24 days late
2021
30 days early
2020
32 days early
2019
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 22 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved within Koksijde
Capital decrease of €500,000 · New registered office: Residentie Leyhof, 8670 Koksijde, Ter Duinenlaan 6/102 · Previous registered office: Leopold III laan 4, 8670 Koksijde · General meeting of 07-07-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0447510092
1 director appointed, 1 resignation, 1 reappointment
Resignation: Thierry Planckaert (managing director) · Appointment: Yasmine Dufour (sole director) · Reappointment: Yasmine Dufour (sole director) · General meeting of 29-10-2025 · Gazette deed
Environmental permit granted
Functiewijziging · Koksijde
Official details
Source: KBO- Status
- Active since 22-05-1992Normal situation
- Activity
- “De uitbating van een hotel en of appart – hotel - het verhuren van…” (deed in Dutch)From the articles, 14 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.057.911.9138670 Koksijde, since 22-06-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Annual accounts 2025
- ≈ €130,000estimated
- €1.4m▲ 9.7%
- Filing
- Filed on 11-06-2026, 50 days before the end of the filing period
Insights on Vandewaetere Building
Vandewaetere Building files the micro format. That format states no turnover. The gross margin rose from -€31,128 in 2006 to €32,436 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Vandewaetere Building
- What is the company number of Vandewaetere Building?
- The company number of Vandewaetere Building is 0447.510.092. The VAT number is the same number with BE in front: BE 0447.510.092.
- Where is Vandewaetere Building based?
- The registered office is at Ter Duinenlaan 6, 8670 Koksijde.Company details
- What is the legal form of Vandewaetere Building?
- Vandewaetere Building is a public limited company (NV).
- When was Vandewaetere Building founded?
- Vandewaetere Building was founded on 22-05-1992.
- Is Vandewaetere Building still active?
- Yes, Vandewaetere Building is an active enterprise in the KBO register.
- What is the turnover of Vandewaetere Building?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €32,436 and 2,946 comparable companies of the same size. It probably lies between €78,000 and €230,000. It is a rough estimate.Financials
- Is Vandewaetere Building profitable?
- In financial year 2025, Vandewaetere Building made a profit of €235,554.
- Where can I find the annual accounts of Vandewaetere Building?
- Vandewaetere Building filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Vandewaetere Building due?
- Vandewaetere Building must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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