VANSTEENKISTE
ActiveSummary
VANSTEENKISTE has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €305,210. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 52% of 7900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+1
Solvency71▼-29
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity tight (current ratio 1.48 against 4.79 in 2024; short-term debt: 52.9% and cash: 8.5% of total assets), and 54% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46%
Return on assets
11.4%
Age of the figures
9 mo
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 24-04-2026, 98 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
98 d early
2024
31 d early
2023
40 d early
2022
12 d early
2021
24 d late
2020
31 d late
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.2m▼ 47.7%
2024 · €2.4m
Total assets
€2.7m▼ 5.9%
2024 · €2.8m
Net result
€305,210▼ 1.5%
2024 · €310,007
Working capital
€674,656▼ 61.3%
2024 · €1.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€544,914▲ 9.3%€547,435▲ 0.5%€502,684▼ 8.2%€473,047▼ 5.9%€460,559▼ 2.6%
Net result€366,310above the sector's middle half▼ 5.9%€367,599above the sector's middle half▲ 0.4%€335,811above the sector's middle half▼ 8.6%€310,007above the sector's middle half▼ 7.7%€305,210above the sector's middle half▼ 1.5%
Equity€1.3mabove the sector's middle half▲ 24.9%€1.7mabove the sector's middle half▲ 27.5%€2.0mabove the sector's middle half▲ 19.7%€2.4mabove the sector's middle half▲ 15.2%€1.2mabove the sector's middle half▼ 47.7%
Total assets€1.9mabove the sector's middle half▲ 11.1%€2.2mabove the sector's middle half▲ 14.1%€2.5mabove the sector's middle half▲ 15.4%€2.8mabove the sector's middle half▲ 12.7%€2.7mabove the sector's middle half▼ 5.9%
Debt€577,927▼ 11.5%€481,247▼ 16.7%€482,071▲ 0.2%€492,543▲ 2.2%€1.4m▲ 194%
Working capital€901,749▲ 34.4%€1.3m▲ 44.2%€1.4m▲ 6.9%€1.7m▲ 25.5%€674,656▼ 61.3%
Solvency69.8%above the sector's middle half▲ 7.7pp78.0%above the sector's middle half▲ 8.2pp80.9%above the sector's middle half▲ 2.9pp82.7%above the sector's middle half▲ 1.8pp46.0%within the sector's middle half▼ 36.7pp
Staff (FTE)0.8below the sector's middle half▲ 300%1.2below the sector's middle half▲ 50.0%1.2below the sector's middle half=1below the sector's middle half▼ 16.7%0.4below the sector's middle half▼ 60.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 3% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.7m
Fixed assets
€584,555 ▼ 8.4%
Current assets
€2.1m ▼ 5.2%
Equity and liabilities €2.7m
Equity
€1.2m ▼ 47.7%
Debt
€1.4m ▲ 194%
Debt's share of the balance-sheet total rises from 17.3% to 54.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€518,321▼
2024 · €534,717
Cash flow
€362,973▼
2024 · €371,677
Current ratio
1.48▼
2024 · 4.79
Quick ratio
1.42▼
2024 · 4.70
Debt to equity
1.18▲
2024 · 0.21
ROE
24.8%▲
2024 · 13.2%
ROA
11.4%▲
2024 · 10.9%
Interest coverage
15.81▲
2024 · 15.76
Debt ≤ 1 year
€1.4m▲
2024 · €460,684
Income taxes
€141,464▼
2024 · €145,579
Staff costs
€25,255▼
2024 · €46,870
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,324 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €27,953 | €48,846 | €41,853 | €46,870 | €25,255 | ▼ 46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,842 | €48,234 | €50,793 | €61,670 | €57,762 | ▼ 6.3% |
| Other operating charges640/8 | €6,746 | €7,854 | €7,837 | €8,642 | €8,703 | ▲ 0.7% |
| Gross operating margin9900 | €619,455 | €652,368 | €603,166 | €590,229 | €552,279 | ▼ 6.4% |
| Operating profit (loss)9901 | €544,914 | €547,435 | €502,684 | €473,047 | €460,559 | ▼ 2.6% |
| Financial income75/76B | €11,743 | €12,682 | €14,241 | €16,477 | €18,893 | ▲ 14.7% |
| Recurring financial income75 | €11,743 | €12,682 | €14,241 | €16,477 | €18,893 | ▲ 14.7% |
| Financial charges65/66B | €17,809 | €18,579 | €24,690 | €33,939 | €32,778 | ▼ 3.4% |
| Recurring financial charges65 | €17,809 | €18,579 | €24,690 | €33,939 | €32,778 | ▼ 3.4% |
| Profit (loss) for the period before taxes9903 | €538,848 | €541,538 | €492,235 | €455,586 | €446,674 | ▼ 2.0% |
| Transfer from deferred taxes780 | €622 | €622 | - | - | - | - |
| Income taxes67/77 | €173,160 | €174,560 | €156,424 | €145,579 | €141,464 | ▼ 2.8% |
| Profit (loss) for the period9904 | €366,310 | €367,599 | €335,811 | €310,007 | €305,210 | ▼ 1.5% |
| Transfer from tax-exempt reserves789 | €1,426 | €1,408 | €276 | €276 | €276 | = |
| Profit (loss) for the period to be appropriated9905 | €367,736 | €369,007 | €336,087 | €310,283 | €305,486 | ▼ 1.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €2.2m | €2.5m | €2.8m | €2.7m | ▼ 5.9% |
| Fixed assets21/28 | €479,432 | €436,979 | €677,481 | €638,215 | €584,555 | ▼ 8.4% |
| Tangible fixed assets22/27 | €479,432 | €436,979 | €677,481 | €638,215 | €584,555 | ▼ 8.4% |
| Land and buildings22 | €352,181 | €344,565 | €513,793 | €516,975 | €500,984 | ▼ 3.1% |
| Plant, machinery and equipment23 | €2,443 | €4,546 | €6,811 | €4,995 | €3,975 | ▼ 20.4% |
| Furniture and vehicles24 | €98,642 | €64,667 | €136,643 | €98,977 | €65,293 | ▼ 34.0% |
| Other tangible fixed assets26 | €26,166 | €23,200 | €20,234 | €17,269 | €14,303 | ▼ 17.2% |
| Current assets29/58 | €1.4m | €1.7m | €1.8m | €2.2m | €2.1m | ▼ 5.2% |
| Stocks and contracts in progress3 | €35,218 | €36,174 | €37,968 | €41,974 | €81,385 | ▲ 93.9% |
| Stocks30/36 | €35,218 | €36,174 | €37,968 | €41,974 | €81,385 | ▲ 93.9% |
| Amounts receivable within one year40/41 | €98,237 | €109,051 | €170,644 | €180,307 | €84,746 | ▼ 53.0% |
| Trade receivables40 | €79,507 | €103,222 | €152,908 | €163,797 | €84,685 | ▼ 48.3% |
| Other amounts receivable41 | €18,730 | €5,829 | €17,736 | €16,510 | €61 | ▼ 99.6% |
| Current investments50/53 | €1.2m | €1.3m | €1.4m | €1.7m | €1.7m | ▲ 0.3% |
| Cash at bank and in hand54/58 | €104,061 | €306,624 | €236,672 | €283,674 | €226,748 | ▼ 20.1% |
| Deferred charges and accrued income490/1 | €34,794 | €31,557 | €31,696 | €26,521 | €20,034 | ▼ 24.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €2.2m | €2.5m | €2.8m | €2.7m | ▼ 5.9% |
| Equity10/15 | €1.3m | €1.7m | €2.0m | €2.4m | €1.2m | ▼ 47.7% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €1.3m | €1.7m | €2.0m | €2.3m | €1.2m | ▼ 48.2% |
| Tax-exempt reserves132 | €53,852 | €52,444 | €52,168 | €51,892 | €51,616 | ▼ 0.5% |
| Distributable reserves133 | €1.3m | €1.6m | €2.0m | €2.3m | €1.2m | ▼ 49.3% |
| Profit (loss) carried forward14 | €6,939 | €6,947 | €8,033 | - | - | - |
| Provisions and deferred taxes16 | €622 | - | - | - | - | - |
| Deferred taxes168 | €622 | - | - | - | - | - |
| Amounts payable17/49 | €577,927 | €481,247 | €482,071 | €492,543 | €1.4m | ▲ 194% |
| Amounts payable after more than one year17 | €29,556 | €16,890 | €4,223 | - | - | - |
| Financial debts170/4 | €29,556 | €16,890 | €4,223 | - | - | - |
| Amounts payable within one year42/48 | €534,910 | €449,127 | €455,899 | €460,684 | €1.4m | ▲ 208% |
| Current portion of amounts payable after more than one year42 | €12,667 | €12,667 | €12,667 | €4,223 | - | - |
| Trade debts44 | €10,828 | €11,121 | €16,295 | €32,785 | €18,928 | ▼ 42.3% |
| Suppliers440/4 | €10,828 | €11,121 | €16,295 | €32,785 | €18,928 | ▼ 42.3% |
| Taxes, remuneration and social security45 | €66,076 | €48,456 | €37,059 | €37,752 | €82,718 | ▲ 119% |
| Taxes450/3 | €61,276 | €48,456 | €29,719 | €37,752 | €82,718 | ▲ 119% |
| Remuneration and social security454/9 | €4,800 | - | €7,340 | - | - | - |
| Other amounts payable47/48 | €445,339 | €376,883 | €389,878 | €385,923 | €1.3m | ▲ 241% |
| Accrued charges and deferred income492/3 | €13,461 | €15,230 | €21,948 | €31,860 | €29,042 | ▼ 8.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €366,310 | €367,599 | €335,811 | €310,007 | €305,210 | ▼ 1.5% |
| + Depreciation and write-downs630 | €39,842 | €48,234 | €50,793 | €61,670 | €57,762 | ▼ 6.3% |
| Operating cash flow (approximation) | €406,152 | €415,834 | €386,603 | €371,677 | €362,973 | ▼ 2.3% |
| Investment in fixed assets (approximation) | - | -€5,781 | -€291,295 | -€22,404 | -€4,102 | ▲ 81.7% |
| Change in cash | - | €202,563 | -€69,951 | €47,001 | -€56,926 | ▼ 221% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €305,210 ▼1.5%
Net result drops to €305,210, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2mEq €2.0m ▲19.7%
6 profitable years in a row build equity to €2.0m.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €389,203 ▲25.1%
Net result €389,203, the highest in the series.
31-12
Financial
Equity above €1mEq €1.1m ▲15.6%
3 profitable years in a row build equity to €1.1m.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Roeselare · 1 establishment unit since 1980
Ground area
2,772 m²
Building footprint
1,401 m²
Volume, LiDAR
1,447 m³
2 parcels, Flanders · tallest building 4.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GEBROEDERS VANSTEENKISTE BVBA
since 19802.018.301.170
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B0795/00F000 | Flanders | 1,398 m² | 1 · 967 m² | - |
| 36302B0769/00F000 | Flanders | 1,373 m² | 1 · 433 m² | 4.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,667. 2,800 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-12-1979
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43410Roofing work
47551Retail sale of household furniture
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0419979514
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.