Equity
€15.0m ▼ 7.1%
VANDEWEGHE FLEXO PRINTING paid out €1.4m in dividends. That is 71% of the 2025 profit.
VANDEWEGHE FLEXO PRINTING
Lifetime
19 annual accounts with figures on one time axis, 27 filings since 1999peak €4.3m (2023)
€3.9m▲ 2.7%
peak €2.4m (2023)
€2.0m▲ 7.3%
peak €16.1m (2024)
€15.0m▼ 7.1%
€987,625▼ 7.5%
peak 17.2 FTE (2024)
17 FTE▼ 1.2%
Board4 names since 2020
4 directorsPaul-Charles Vandeweghe and 3 others
Documentsfilings and deeds
12-06-202649 days before the deadline
2025abbreviated format
Demerger: VANDEWEGHE FLEXO PRINTING splits off to IMMO FLEXO 24-07Demerger proposal: VANDEWEGHE FLEXO PRINTING NV splits off to… 06-06Dividend €1.4m
Key points
from the 2025 annual accountsTurnover
≈ €6.8m estimated
The abbreviated format states no turnover.
Staff
19 employees on 31-12-2025
In 2025, 4 people joined and 3 left.
Filings
27 annual accounts since 1999
The last five annual accounts were filed 31 to 49 days before the end of the period.
Restructuring
2025
Branch transferred to IMMO FLEXO. Contribution on 24-07-2025.
Position in the sector
€2.0m
Higher net result than 95% of companies in printing. Sector median €11,544 · 359 companies.
Checked score
96
Excellent
Financially stronger than 68% of small companies in printing (NACE 18)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 136 companies (NACE 18, small).
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 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
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%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged 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 05-2026highest value
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 16.04, cash €2.7m
Founded in 2000
Equity €15.0m (93.1% of total assets)
Profit of €2.0m (financial year 2025)
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 (NACE 18, small). It does better than 93% of them on solvency, 87% on liquidity, 57% on profitability and 35% on growth.
The bankruptcy probability was computed on 10-11-2026 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 VANDEWEGHE FLEXO PRINTING 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 VANDEWEGHE FLEXO PRINTING 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 VANDEWEGHE FLEXO PRINTING. 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 €1,400,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 16.04 (14.37 in 2024), above the usual 1.5. Short-term debt is 6.1% and cash 16.7% of total assets. 6.9% 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
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 days early
2024
38 days early
2023
33 days early
2022
34 days early
2021
31 days early
2020
52 days early
2019
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 34 days before the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% of those companies filed 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 27 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Carine De Wispelaere 1 sharedeed of 06-06-2025
- Charles Vandeweghe 3,696 sharesdeed of 06-06-2025
- Loic Vandeweghe 3,696 sharesdeed of 06-06-2025
Recent changes
Reappointments: Loic Vandeweghe (managing director) and Charles Vandeweghe (managing director)
General meeting of 28-05-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0469397450
Demerger: VANDEWEGHE FLEXO PRINTING splits off to IMMO FLEXO
Capital decrease of €244,647.81 to €2,105,352.19 · Capital after the decrease: €2,105,352.19 · DE WISPELAERE Carine holds 1 share · General meeting of 09-07-2025 · Gazette deed
Demerger proposal: VANDEWEGHE FLEXO PRINTING NV splits off to Immo Flexo
Carine De Wispelaere holds 1 share · Charles Vandeweghe holds 3,696 shares · Loic Vandeweghe holds 3,696 shares · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VANDEWEGHE FLEXO PRINTING Aalter | €16.1m | €3.9m | 93.1% | 17 |
| ORBO Kortemark | €6.7m | €3.9m | 68.0% | 28.2 |
| VD Printing Temse | €10.4m | €2.7m | 46.4% | 14 |
| DRUKKERIJ ARIJS Kluisbergen | €6.1m | €2.0m | 12.1% | 17.6 |
| ETIVOET Deinze | €6.6m | €3.6m | 45.7% | 34.4 |
| IMPRIMERIE AZ PRINT Grâce-Hollogne | €9.2m | €2.8m | 57.8% | 31.4 |
| VERPAKKINGEN DONCKERS Lier | €5.8m | €1.6m | 32.9% | 26.1 |
These companies have the same main activity as VANDEWEGHE FLEXO PRINTING: other printing (NACE 18120). They are comparable in size and age: total assets between €5.8m and €10m, founded between 1980 and 1995.
Official details
Source: KBO- Status
- Active since 07-01-2000Normal situation
- Activity
- Other printingNACE 18120and 1 other
- Establishment unit
- 2.099.346.7499880 Aalter, since 08-02-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 29-01-2026
Annual accounts 2025
- €16.1m▼ 7.1%
- Employeeson 31-12-2025
- 19▲ 5.6%
- Filing
- Filed on 12-06-2026, 49 days before the end of the filing period
Insights on VANDEWEGHE FLEXO PRINTING
VANDEWEGHE FLEXO PRINTING files the abbreviated format. That format states no turnover. The gross margin rose from €72,986 in 2006 to €3.9m 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 VANDEWEGHE FLEXO PRINTING
- What is the company number of VANDEWEGHE FLEXO PRINTING?
- The company number of VANDEWEGHE FLEXO PRINTING is 0469.397.450. The VAT number is the same number with BE in front: BE 0469.397.450.
- Where is VANDEWEGHE FLEXO PRINTING based?
- The registered office is at Léon Bekaertlaan 20, 9880 Aalter.Company details
- What does VANDEWEGHE FLEXO PRINTING do?
- According to the KBO register, the main activity is other printing (NACE 18120).
- What is the legal form of VANDEWEGHE FLEXO PRINTING?
- VANDEWEGHE FLEXO PRINTING is a public limited company (NV).
- When was VANDEWEGHE FLEXO PRINTING founded?
- VANDEWEGHE FLEXO PRINTING was founded on 07-01-2000.
- Is VANDEWEGHE FLEXO PRINTING still active?
- Yes, VANDEWEGHE FLEXO PRINTING is an active enterprise in the KBO register.
- How many employees does VANDEWEGHE FLEXO PRINTING have?
- VANDEWEGHE FLEXO PRINTING had an average of 17 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of VANDEWEGHE FLEXO PRINTING?
- The turnover in financial year 2025 is ≈ €6.8m. This figure is estimated from the gross margin of €3.9m and 1,585 comparable companies of the same size. It probably lies between €4.6m and €11.0m. It is a rough estimate.
- Is VANDEWEGHE FLEXO PRINTING profitable?
- In financial year 2025, VANDEWEGHE FLEXO PRINTING made a profit of €2.0m.
- Where can I find the annual accounts of VANDEWEGHE FLEXO PRINTING?
- VANDEWEGHE FLEXO PRINTING filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VANDEWEGHE FLEXO PRINTING due?
- VANDEWEGHE FLEXO PRINTING must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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