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VANDEWIELE

Active
Public limited companyfounded 1968active for 58 yearsMichel Vandewielestraat(Mar) 7, 8510 Kortrijk, BelgiumKBO/BCE: BE 0405.450.595
Summary

VANDEWIELE has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €324.4m and a net result of -€45.3m. Equity is growing by about 5.5% per year across the filed financial years. Its solvency ranks better than 39% of 383 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

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VANDEWIELEActiveChecked score 81/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28940
Largest company by total assets in Kortrijk, Manufacturing sector1 site
Size
€83.2mturnover 2025
Staff
464.3 FTE
Equity
€324.4m
Loss
-€45.3m
Standalone figures, without subsidiaries
Financial health
81 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Structure
Parent
VANDEWIELE GROUP · 100%
Holdings
20
Auditor: Ernst & Young Bedrijfsrevisoren BCVBA2025 accounts 59 days early5 of 26 deeds summarised
Why 81raises riskLiquidity: current ratio 0.72, cash €13.4mLoss of €45.3m (financial year 2025)lowers riskFounded in 1968Size: turnover €83.2m, 464.3 FTE, total assets €939.5m, files consolidated accountsShow the evidence

Checked score

Score 2025
81 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 29% of its sector peers (all companies)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 60-5
equity 34.5% of total assets
Liquidity 41-4
short-term debt 27.4% · cash 1.4%
Profitability 8-7
return on assets -4.8%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (16 companies, NACE 28, large)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025highest value 07-2025: 0.2%▼ -0.2 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026lowest value 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.3%▲ +0.1 percentage points vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.4%▲ +0.1 percentage points vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026
Credit of up to €8,300,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.72, compared with 1.3 in 2024, below 1; short-term debt: 27.4% and cash: 1.4% of total assets), and 65.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (all companies): better than 50% on solvency, 44% on liquidity, 11% on profitability and 12% on growth.

The bankruptcy probability was computed on 27-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.72, cash €13.4m
NBB · annual accounts
raises risk · Loss of €45.3m (financial year 2025)
NBB · annual accounts
lowers risk · Founded in 1968
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €83.2m, 464.3 FTE, total assets €939.5m, files consolidated accounts
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
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 02-06-2026, 59 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
59 days early
2024
51 days early
2023
57 days early
2022
56 days early
2021
69 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 58 days before the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% 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 5 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · consolidated
  2. Annual accounts filedfinancial year 2025 · full…
  3. Reappointment: Ernst & Young Bedrijfsrevisoren BCVBA…Permanent representative: Paul Eelen

Key points

  • Caution: From profit to loss in 2025after €26.4m in 2024 -€45.3m View
  • Caution: Among the weakest 5% on net resultsector median €151,759 · 383 companies -€45.3m View
  • Controlled by VANDEWIELE GROUPthe company in turn controls 18 companies 100% View
  • Merger with A. De Koninckmerger on 05-11-2024 2024 View
  • Flemish supportawarded from 2022 to 2025 €487,100 View
  • Active since 1968founded 01-01-1968 58 years View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View

By topic

Financials

Financial year
2025
Turnover
€83.2m
Loss
-€45.3m
Solvency
34.5%
Turnover▼ 32.7%
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Parent
VANDEWIELE GROUP · 100%
Auditor
Ernst & Young Bedrijfsrevisoren…
  • Charles BeauduinDirector
Go to Board & ownership

Network & group

Subsidiaries
18
Direct holdings
20
Mergers and asset contributions
1

20 holdings

Go to Network & group

Timeline

Events
93
Since
1978
Next accounts
by 31-07-2027
  1. 10-06-2025Annual accounts filed
  2. 10-06-2025Annual accounts filed
  3. 31-12-2024Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of machinery and equipment not elsewhere classifiedNACE 28940
Founded
01-01-1968
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
“De exploitatie van een gieterij en een werkplaats voor mechanische constructies; De…” (deed in Dutch)
Go to Articles of association

Key facts about VANDEWIELE

What is the company number of VANDEWIELE?
0405.450.595. In Belgium the VAT number is the company number with BE in front: BE 0405.450.595.
Where is VANDEWIELE based?
The registered office is at Michel Vandewielestraat(Mar) 7, 8510 Kortrijk.Company details
What does VANDEWIELE do?
According to the KBO register, the main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28940).
What is the legal form of VANDEWIELE?
Public limited company (NV).
When was VANDEWIELE founded?
On 01-01-1968.
Is VANDEWIELE still active?
Yes, VANDEWIELE is an active enterprise in the KBO register.
How many employees does VANDEWIELE have?
On average 464.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of VANDEWIELE?
€83.2m in financial year 2025, according to the filed annual accounts.
Is VANDEWIELE profitable?
In financial year 2025, VANDEWIELE made a loss of €45.3m.
Where can I find the annual accounts of VANDEWIELE?
VANDEWIELE filed 84 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of VANDEWIELE due?
By 31-07-2027, for financial year 2026.Timeline

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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies

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