Vankeirsbilck & Bauden

Active

Private limited companyfounded 201411 yrs activeLeffingestraat 13, 8432 Middelkerke, BelgiumKBO/BCE: BE 0567.855.915

Summary

The computed 12-month bankruptcy probability of Vankeirsbilck & Bauden is 2.2% (moderate). The 2024 annual accounts show equity of €471k and a net result of €87k. Equity is growing by ~25.1% per year across the filed fiscal years. Its solvency ranks better than 74% of 18941 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

72 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability82▲+3

Solvency82▲+3

Growth78=

Track record100

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €30k at 30 days acceptable

Liquidity ample (current ratio 6.74 against 9.0 in 2023; short-term debt: 11.3% and cash: 24.4% of total assets), and 42.7% 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

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

−lowers risk+raises risk○neutral

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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 filings

Deviation from the deadline

2025

not confirmed

2024

55 d late

2023

68 d late

2022

52 d late

2021

74 d late

2020

145 d early

2019

9 d early

← before the deadline after the deadline →

Checked, nothing found (1)

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 2024, micro schema

Equity

€471k▲ 22.7%

2023 · €384k

2018: €61k 2019: €103k 2020: €183k 2021: €275k 2022: €336k 2023: €384k

2018 → 2024

Total assets

€821k▲ 15.6%

2023 · €710k

2018: €434k 2019: €512k 2020: €569k 2021: €631k 2022: €726k 2023: €710k

2018 → 2024

Net result

€87k▲ 56.6%

2023 · €56k

2018: €31k 2019: €41k 2020: €81k 2021: €91k 2022: €70k 2023: €56k

2018 → 2024

Working capital

€533k▲ 21.8%

2023 · €437k

2018: €106k 2019: €148k 2020: €234k 2021: €324k 2022: €378k 2023: €437k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€183k-€275k▲ 49.8%€336k▲ 22.5%€384k▲ 14.0%€471k▲ 22.7%

Operating result€120k-€138k▲ 15.6%€103k▼ 25.3%€87k▼ 15.9%€133k▲ 53.1%

Net result€81k-€91k▲ 12.9%€70k▼ 23.4%€56k▼ 20.4%€87k▲ 56.6%

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

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 53% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €821k

23.8%

76.2%

Fixed assets €195k ▼ 10.4%

Current assets €626k ▲ 27.1%

Equity and liabilities €821k

57.3%

42.7%

Equity €471k ▲ 22.7%

Debt €351k ▲ 7.3%

Debt's share of the balance-sheet total falls from 46.0% to 42.7%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€161k▲

2023 · €122k

Cash flow

€115k▲

2023 · €91k

Current ratio

6.74▼

2023 · 9.00

Quick ratio

6.68▼

2023 · 8.92

Debt to equity

0.74▼

2023 · 0.85

ROE

18.5%▲

2023 · 14.5%

ROA

10.6%▲

2023 · 7.8%

Interest coverage

13.47▲

2023 · 11.70

Debt ≤ 1 year

€93k▲

2023 · €55k

Debt > 1 year

€257k▼

2023 · €272k

Income taxes

€35k▲

2023 · €21k

Staff costs

€28k▲

2023 · €20k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 58 lines

Balance sheet Code20232024

Assets

Total assets20/58€710k€821k▲

Fixed assets21/28€218k€195k▼

Tangible fixed assets22/27€218k€195k▼

Land and buildings22€172k€163k▼

Plant, machinery and equipment23€19k€11k▼

Furniture and vehicles24€1k€3k▲

Leasing and similar rights25€22k€15k▼

Other tangible fixed assets26€4k€3k▼

Current assets29/58€492k€626k▲

Stocks and contracts in progress3€4k€5k▲

Stocks30/36€4k€5k▲

Amounts receivable within one year40/41€10k€14k▲

Trade receivables40€8k€13k▲

Other amounts receivable41€2k€324▼

Current investments50/53€400k€401k▲

Cash at bank and in hand54/58€73k€200k▲

Deferred charges and accrued income490/1€5k€6k▲

Equity and liabilities

Total equity and liabilities10/49€710k€821k▲

Equity10/15€384k€471k▲

Contributions10/11€19k€19k=

Reserves13€322k€407k▲

Non-distributable reserves130/1€0-

Reserves not available under the articles1311€0-

Distributable reserves133€322k€407k▲

Profit (loss) carried forward14€43k€45k▲

Amounts payable17/49€327k€351k▲

Amounts payable after more than one year17€272k€257k▼

Financial debts170/4€224k€207k▼

Other amounts payable178/9€48k€50k▲

Amounts payable within one year42/48€55k€93k▲

Current portion of amounts payable after more than one year42€21k€18k▼

Trade debts44€4k€10k▲

Suppliers440/4€4k€10k▲

Taxes, remuneration and social security45€16k€25k▲

Taxes450/3€11k€13k▲

Remuneration and social security454/9€5k€12k▲

Other amounts payable47/48€13k€40k▲

Accrued charges and deferred income492/3€466€447▼

Income statement Code20232024

Non-recurring operating income76A-€23k

Remuneration, social security and pensions62€20k€28k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€28k▼

Other operating charges640/8€7k€7k▼

Gross operating margin9900€150k€196k▲

Operating profit (loss)9901€87k€133k▲

Financial income75/76B€7€1k▲

Recurring financial income75€7€1k▲

Financial charges65/66B€10k€12k▲

Recurring financial charges65€10k€12k▲

Profit (loss) for the period before taxes9903€76k€122k▲

Income taxes67/77€21k€35k▲

Profit (loss) for the period9904€56k€87k▲

Profit (loss) for the period to be appropriated9905€56k€87k▲

Appropriation of the result

Profit (loss) to be appropriated9906€96k€130k▲

Profit (loss) brought forward from the previous period14P€40k€43k▲

Transfer to equity691/2€45k€85k▲

To other reserves6921€45k€85k▲

Profit to be distributed694/7€8k€0▼

Return on contributions (dividend)694€8k€0▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

24-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 55 days late

2024

07-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 68 days late

2023

21-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 52 days late

2022

13-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 74 days late

2021

31-12

Financial Highest result since 2018net €91k ▲12.9%

Operating result €138k, net result €91k, both a record.

31-12

Financial Equity above €200kEq €275k ▲49.8%

4 profitable years in a row build equity to €275k.

08-03

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Equity above €150kEq €183k ▲78.8%

3 profitable years in a row build equity to €183k.

22-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Equity above €100kEq €103k ▲67.7%

2 profitable years in a row build equity to €103k.

30-09

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 61 days late

2018

04-10

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 65 days late

2017

29-09

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 60 days late

2016

18-10

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 79 days late

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

Directors · office · real estate

Directors

5 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, Middelkerke · 2 establishment units since 2014

establishment All 2 establishment units 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.

Leffingestraat 138432 Middelkerke

Ground area

565 m²

Building footprint

474 m²

Volume, LiDAR

8,840 m³

3 parcels, Flanders · tallest building 29.8 m, ±9 floors. Linked by address, not a title deed.

2 establishment units

Vankeirsbilck & Bauden

Zeedijk 65, 8430 MiddelkerkeConstruction of residential and non-residential buildings

since 20142.239.309.138

De Cremerie

Zeedijk 66, 8430 MiddelkerkeFood and beverage service activities

since 20172.265.903.073

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35008B0224/00X002	Flanders	257 m²	1 · 114 m²	10.6 m · 2 fl.
35011B0180/00Y078	Flanders	205 m²	1 · 256 m²	28.1 m · 8 fl.
35011B0180/00M082	Flanders	103 m²	1 · 104 m²	29.8 m · 9 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 2

3 of 3 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Middelkerke2.239.309.138

1 permission

Toelating · Detailhandel met verwerking · since 09-05-2017

Similar companies · same sector, comparable size

Trois-Ponts · Eq €470,195

Italian Food Market Company

Tremelo · Eq €469,563

Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 6,471 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded17-11-2014

Fiscal year end31-12

Activities, NACEBEL 2025

56111Full-service restaurants

56112Limited-service restaurants, excluding mobile food services

43350Other building finishing work

Sources

Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.