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Vansteenbrugge J.

Active
Private limited companyfounded 1971active for 55 yearsWinkelstraat 47, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0408.422.260
Summary

Vansteenbrugge J. has been active since 1971 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €761,936 and a net result of €777. Equity remains stable across the filed financial years (±0.1% per year). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (26 days) Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00437081.

Equity
€761,936▲ 0.1%
2024 · €761,159
Total assets
€779,126▼ 1.1%
2024 · €788,100
Net result
€777▼ 69.4%
2024 · €2,541
Working capital
€422,110▲ 2.7%
2024 · €410,940
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result turns negative in 2025: a loss of €9,736 after €5,357 in 2024, the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€9,736 2025 Net result€777 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result-€11,347--€10,623▲ 6.4%-€2,808▲ 73.6%-€3,809▼ 35.6%€1,018€5,357▲ 426%-€9,736
Net result-€7,736--€6,957▲ 10.1%-€5,755▲ 17.3%-€1,189▲ 79.3%€1,290€2,541▲ 97.0%€777▼ 69.4%
Equity€771,228-€764,272▼ 0.9%€758,517▼ 0.8%€757,328▼ 0.2%€758,618▲ 0.2%€761,159▲ 0.3%€761,936▲ 0.1%
Total assets€803,285-€787,515▼ 2.0%€780,426▼ 0.9%€775,203▼ 0.7%€776,645▲ 0.2%€788,100▲ 1.5%€779,126▼ 1.1%
Debt€5,266-€319▼ 93.9%€2,852▲ 794%€2,684▼ 5.9%€6,702▲ 150%€19,482▲ 191%€13,598▼ 30.2%
Working capital€383,696-€393,608▲ 2.6%€384,176▼ 2.4%€393,414▲ 2.4%€405,835▲ 3.2%€410,940▲ 1.3%€422,110▲ 2.7%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €779,126
Fixed assets €345,100 ▼ 4.0%
Current assets €434,026 ▲ 1.2%
Equity and liabilities €779,126
Equity €761,936 ▲ 0.1%
Provisions €3,592 ▼ 51.8%
Debt €13,598 ▼ 30.2%
Debt's share of the balance-sheet total falls from 2.5% to 1.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€9,806▼
2024 · €15,848
Cash flow
€20,320▲
2024 · €13,032
Current ratio
36.42▲
2024 · 24.09
Debt to equity
0.02▼
2024 · 0.03
ROE
0.1%▼
2024 · 0.3%
ROA
0.1%▼
2024 · 0.3%
Interest coverage
36.41▲
2024 · 4.19
Debt ≤ 1 year
€11,916▼
2024 · €17,800
Income taxes
€3,920▼
2024 · €5,119
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96.2% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 14,766 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€788,100€779,126▼
Fixed assets21/28€359,360€345,100▼
Tangible fixed assets22/27€353,798€339,537▼
Land and buildings22€336,355€322,229▼
Plant, machinery and equipment23€17,443€17,308▼
Financial fixed assets28€5,563€5,563=
Current assets29/58€428,740€434,026▲
Amounts receivable within one year40/41-€2,705
Other amounts receivable41-€2,705
Current investments50/53€250,000€250,000=
Cash at bank and in hand54/58€155,146€151,650▼
Deferred charges and accrued income490/1€23,594€29,670▲
Equity and liabilities
Total equity and liabilities10/49€788,100€779,126▼
Equity10/15€761,159€761,936▲
Contributions10/11€262,000€262,000=
Reserves13€499,159€499,936▲
Tax-exempt reserves132€14,485€6,976▼
Distributable reserves133€484,674€492,960▲
Provisions and deferred taxes16€7,459€3,592▼
Deferred taxes168€7,459€3,592▼
Amounts payable17/49€19,482€13,598▼
Amounts payable within one year42/48€17,800€11,916▼
Trade debts44€6,644€0▼
Suppliers440/4€6,644€0▼
Taxes, remuneration and social security45€5,119€5,119=
Taxes450/3€5,119€5,119=
Other amounts payable47/48€6,037€6,797▲
Accrued charges and deferred income492/3€1,682€1,682▼
Income statement Code20242025
Non-recurring operating income76A€150€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,491€19,543▲
Other operating charges640/8€6,291€6,269▼
Gross operating margin9900€22,139€16,075▼
Operating profit (loss)9901€5,357-€9,736▼
Financial income75/76B€2,218€10,836▲
Recurring financial income75€2,218€10,836▲
Financial charges65/66B€3,781€269▼
Recurring financial charges65€3,781€269▼
Profit (loss) for the period before taxes9903€3,794€830▼
Transfer from deferred taxes780€3,866€3,866=
Income taxes67/77€5,119€3,920▼
Profit (loss) for the period9904€2,541€777▼
Transfer from tax-exempt reserves789€7,509€7,509=
Profit (loss) for the period to be appropriated9905€10,050€8,285▼
Appropriation of the result
Profit (loss) to be appropriated9906€10,050€8,285▼
Transfer to equity691/2€10,050€8,285▼
To other reserves6921€10,050€8,285▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Non-recurring operating income76A--€33,512€6,706-€150€0▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21,782€21,231€32,528€22,388€14,997€10,491€19,543▲ 86.3%
Other operating charges640/8--€11,059€5,860€6,124€6,291€6,269▼ 0.3%
Gross operating margin9900€15,547€15,480€40,778€24,439€22,139€22,139€16,075▼ 27.4%
Operating profit (loss)9901-€11,347-€10,623-€2,808-€3,809€1,018€5,357-€9,736-
Financial income75/76B--€364€3-€2,218€10,836▲ 389%
Recurring financial income75--€364€3-€2,218€10,836▲ 389%
Financial charges65/66B--€566€471€391€3,781€269▼ 92.9%
Recurring financial charges65€256€201€566€471€391€3,781€269▼ 92.9%
Profit (loss) for the period before taxes9903-€11,602-€10,823-€3,011-€4,277€627€3,794€830▼ 78.1%
Transfer from deferred taxes780--€3,866€3,866€3,866€3,866€3,866=
Income taxes67/77--€6,611€778€3,203€5,119€3,920▼ 23.4%
Profit (loss) for the period9904-€7,736-€6,957-€5,755-€1,189€1,290€2,541€777▼ 69.4%
Transfer from tax-exempt reserves789--€7,509€7,509€7,509€7,509€7,509=
Profit (loss) for the period to be appropriated9905-€227€552€1,754€6,319€8,799€10,050€8,285▼ 17.6%
Line2019202020212022202320242025Change
Assets
Total assets20/58€803,285€787,515€780,426€775,203€776,645€788,100€779,126▼ 1.1%
Fixed assets21/28€414,323€393,587€393,398€379,105€364,108€359,360€345,100▼ 4.0%
Tangible fixed assets22/27€409,750€388,519€388,090€373,542€358,545€353,798€339,537▼ 4.0%
Land and buildings22--€376,327€357,123€344,831€336,355€322,229▼ 4.2%
Plant, machinery and equipment23--€11,764€16,420€13,714€17,443€17,308▼ 0.8%
Financial fixed assets28€4,573€5,068€5,308€5,563€5,563€5,563€5,563=
Current assets29/58€388,962€393,927€387,028€396,098€412,538€428,740€434,026▲ 1.2%
Amounts receivable within one year40/41€400€13,695€28,467€200€228-€2,705-
Trade receivables40--€27,870€200€228---
Other amounts receivable41--€597---€2,705-
Current investments50/53-----€250,000€250,000=
Cash at bank and in hand54/58€388,562€380,232€358,562€375,687€373,461€155,146€151,650▼ 2.3%
Deferred charges and accrued income490/1---€20,211€38,849€23,594€29,670▲ 25.8%
Equity and liabilities
Total equity and liabilities10/49€803,285€787,515€780,426€775,203€776,645€788,100€779,126▼ 1.1%
Equity10/15€771,228€764,272€758,517€757,328€758,618€761,159€761,936▲ 0.1%
Contributions10/11€262,000€262,000€262,000€262,000€262,000€262,000€262,000=
Reserves13€509,456€502,272€494,763€495,328€496,618€499,159€499,936▲ 0.2%
Non-distributable reserves130/1--€26,200-----
Reserves not available under the articles1311--€26,200-----
Tax-exempt reserves132--€37,011€29,502€21,994€14,485€6,976▼ 51.8%
Distributable reserves133--€431,552€465,826€474,624€484,674€492,960▲ 1.7%
Profit (loss) carried forward14-€227-€1,754-----
Provisions and deferred taxes16€26,790€22,924€19,058€15,191€11,325€7,459€3,592▼ 51.8%
Deferred taxes168--€19,058€15,191€11,325€7,459€3,592▼ 51.8%
Amounts payable17/49€5,266€319€2,852€2,684€6,702€19,482€13,598▼ 30.2%
Amounts payable within one year42/48€5,266€319€2,852€2,684€6,702€17,800€11,916▼ 33.1%
Trade debts44€560€279€2,852€1,906€756€6,644€0▼ 100%
Suppliers440/4--€2,852€1,906€756€6,644€0▼ 100%
Taxes, remuneration and social security45---€778€3,203€5,119€5,119=
Taxes450/3---€778€3,203€5,119€5,119=
Other amounts payable47/48----€2,744€6,037€6,797▲ 12.6%
Accrued charges and deferred income492/3-----€1,682€1,682▼ 0.1%
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€7,736-€6,957-€5,755-€1,189€1,290€2,541€777▼ 69.4%
+ Depreciation and write-downs630€21,782€21,231€32,528€22,388€14,997€10,491€19,543▲ 86.3%
Operating cash flow (approximation)€14,046€14,274€26,773€21,199€16,288€13,032€20,320▲ 55.9%
Investment in fixed assets (approximation)--€495-€32,339-€8,095€0-€5,744-€5,282▲ 8.0%
Change in cash--€8,330-€21,670€17,126-€2,226-€218,315-€3,496▲ 98.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 48 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 26-08-2026 2026-00437081
31-12-2024 micro format 27-08-2025 2025-00414801
31-12-2023 micro format 22-08-2024 2024-00360801
31-12-2022 micro format 29-08-2023 2023-00402794
31-12-2021 micro format 22-08-2022 2022-20300068
30-06-2020 micro format 21-12-2020 2020-76200219
30-06-2019 micro format 10-12-2019 2019-75600333
30-06-2018 micro format 14-12-2018 2018-74200341
30-06-2017 micro format 30-01-2018 2018-02600519
30-06-2016 abbreviated format 21-12-2016 2016-70600533

Show all 48 filings

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