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VANTIEGHEM

Active
Private limited company (pre-2019)founded 1996active for 30 yearsTer Moude(M) 20, 8552 Zwevegem, BelgiumKBO/BCE: BE 0458.616.889
Summary

VANTIEGHEM has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187,067 and a net result of -€33,468. Equity is shrinking by about 6% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€187,067▼ 15.2%
2024 · €220,535
Total assets
€187,645▼ 15.6%
2024 · €222,217
Net result
-€33,468
2024 · €8,926
Working capital
€46,232▼ 24.8%
2024 · €61,496
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 €29,168 after €8,936 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-€29,168 2025 Net result-€33,468 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-€18,694--€20,307▼ 8.6%-€16,354▲ 19.5%-€17,907▼ 9.5%-€9,255▲ 48.3%€8,936-€29,168
Net result-€18,686--€20,337▼ 8.8%-€16,380▲ 19.5%-€18,073▼ 10.3%-€9,330▲ 48.4%€8,926-€33,468
Equity€275,730-€255,393▼ 7.4%€239,012▼ 6.4%€220,940▼ 7.6%€211,609▼ 4.2%€220,535▲ 4.2%€187,067▼ 15.2%
Total assets€285,148-€261,655▼ 8.2%€243,966▼ 6.8%€230,398▼ 5.6%€211,949▼ 8.0%€222,217▲ 4.8%€187,645▼ 15.6%
Debt€9,418-€6,262▼ 33.5%€4,953▼ 20.9%€9,459▲ 91.0%€339▼ 96.4%€1,682▲ 396%€578▼ 65.6%
Working capital€44,818-€42,389▼ 5.4%€43,456▲ 2.5%€47,083▲ 8.3%€49,847▲ 5.9%€61,496▲ 23.4%€46,232▼ 24.8%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €187,645
Fixed assets €141,136 ▼ 11.3%
Current assets €46,509 ▼ 26.4%
Equity and liabilities €187,645
Equity €187,067 ▼ 15.2%
Debt €578 ▼ 65.6%
Debt's share of the balance-sheet total falls from 0.8% to 0.3%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€11,264▼
2024 · €26,840
Cash flow
-€15,565▼
2024 · €26,829
Debt to equity
0.00▼
2024 · 0.01
ROE
-17.9%▼
2024 · 4.0%
ROA
-17.8%▼
2024 · 4.0%
Interest coverage
-10727.89▼
2024 · 86.48
Debt ≤ 1 year
€277▼
2024 · €1,682
Income taxes
€46
A ratio outside any meaningful range has been withheld (balance sheet total €187,645, equity €187,067).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,835 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84.4% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.7% went bankrupt
13.5% stopped otherwise
84.4% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 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% 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%

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 5,835 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 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€222,217€187,645▼
Fixed assets21/28€159,039€141,136▼
Tangible fixed assets22/27€159,039€141,136▼
Land and buildings22€158,694€140,962▼
Other tangible fixed assets26€346€174▼
Current assets29/58€63,178€46,509▼
Amounts receivable within one year40/41€46€63▲
Trade receivables40€0-
Other amounts receivable41€46€63▲
Cash at bank and in hand54/58€62,548€46,446▼
Deferred charges and accrued income490/1€584€0▼
Equity and liabilities
Total equity and liabilities10/49€222,217€187,645▼
Equity10/15€220,535€187,067▼
Contributions10/11€6,205€6,205=
Reserves13€213,859€180,859▼
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Distributable reserves133€212,000€179,000▼
Profit (loss) carried forward14€470€2▼
Amounts payable17/49€1,682€578▼
Amounts payable within one year42/48€1,682€277▼
Trade debts44€41€86▲
Suppliers440/4€41€86▲
Other amounts payable47/48€1,641€191▼
Accrued charges and deferred income492/3-€301
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,904€17,904=
Other operating charges640/8€3,760€3,649▼
Gross operating margin9900€30,600-€7,615▼
Operating profit (loss)9901€8,936-€29,168▼
Financial income75/76B€300€101▼
Recurring financial income75€300€101▼
Financial charges65/66B€310€4,355▲
Recurring financial charges65€310€1▼
Non-recurring financial charges66B-€4,354
Profit (loss) for the period before taxes9903€8,926-€33,422▼
Income taxes67/77-€46
Profit (loss) for the period9904€8,926-€33,468▼
Profit (loss) for the period to be appropriated9905€8,926-€33,468▼
Appropriation of the result
Profit (loss) to be appropriated9906€9,470-€32,998▼
Profit (loss) brought forward from the previous period14P€545€470▼
Transfer from equity791/2€0€33,000▲
Transfer to equity691/2€9,000€0▼
To other reserves6921€9,000€0▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,909€17,909€17,997€17,326€17,328€17,904€17,904=
Other operating charges640/8---€3,031€3,137€3,760€3,649▼ 2.9%
Gross operating margin9900€2,007€393€4,693€2,450€11,209€30,600-€7,615-
Operating profit (loss)9901-€18,694-€20,307-€16,354-€17,907-€9,255€8,936-€29,168-
Financial income75/76B---€0€20€300€101▼ 66.3%
Recurring financial income75€80€48€53€0€20€300€101▼ 66.3%
Financial charges65/66B---€166€95€310€4,355▲ 14×
Recurring financial charges65€72€79€72€166€95€310€1▼ 99.7%
Non-recurring financial charges66B------€4,354-
Profit (loss) for the period before taxes9903-€18,686-€20,337-€16,372-€18,073-€9,330€8,926-€33,422-
Income taxes67/77--€8€0--€46-
Profit (loss) for the period9904-€18,686-€20,337-€16,380-€18,073-€9,330€8,926-€33,468-
Profit (loss) for the period to be appropriated9905-€18,686-€20,337-€16,380-€18,073-€9,330€8,926-€33,468-
Line2019202020212022202320242025Change
Assets
Total assets20/58€285,148€261,655€243,966€230,398€211,949€222,217€187,645▼ 15.6%
Fixed assets21/28€230,912€213,004€195,557€179,091€161,763€159,039€141,136▼ 11.3%
Tangible fixed assets22/27€230,912€213,004€195,557€179,091€161,763€159,039€141,136▼ 11.3%
Land and buildings22---€178,218€161,245€158,694€140,962▼ 11.2%
Plant, machinery and equipment23---€183€0---
Other tangible fixed assets26---€690€518€346€174▼ 49.8%
Current assets29/58€54,236€48,651€48,409€51,308€50,186€63,178€46,509▼ 26.4%
Amounts receivable within one year40/41€8€7€0-€444€46€63▲ 36.0%
Trade receivables40----€37€0--
Other amounts receivable41----€407€46€63▲ 36.0%
Cash at bank and in hand54/58€53,795€48,363€47,932€50,800€49,204€62,548€46,446▼ 25.7%
Deferred charges and accrued income490/1---€508€538€584€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€285,148€261,655€243,966€230,398€211,949€222,217€187,645▼ 15.6%
Equity10/15€275,730€255,393€239,012€220,940€211,609€220,535€187,067▼ 15.2%
Contributions10/11€6,205€0-€6,205€6,205€6,205€6,205=
Reserves13€268,859€248,859€231,859€213,859€204,859€213,859€180,859▼ 15.4%
Non-distributable reserves130/1---€1,859€1,859€1,859€1,859=
Reserves not available under the articles1311---€1,859€1,859€1,859€1,859=
Distributable reserves133---€212,000€203,000€212,000€179,000▼ 15.6%
Profit (loss) carried forward14€666€328€948€875€545€470€2▼ 99.5%
Amounts payable17/49€9,418€6,262€4,953€9,459€339€1,682€578▼ 65.6%
Amounts payable within one year42/48€9,418€6,262€4,953€4,225€339€1,682€277▼ 83.5%
Trade debts44€407€276€37€1,621€339€41€86▲ 110%
Suppliers440/4---€1,621€339€41€86▲ 110%
Other amounts payable47/48---€2,604€0€1,641€191▼ 88.4%
Accrued charges and deferred income492/3---€5,234€0-€301-
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€18,686-€20,337-€16,380-€18,073-€9,330€8,926-€33,468-
+ Depreciation and write-downs630€17,909€17,909€17,997€17,326€17,328€17,904€17,904=
Operating cash flow (approximation)-€777-€2,429€1,616-€747€7,998€26,829-€15,565-
Investment in fixed assets (approximation)-€0-€550-€860€0-€15,180€0-
Change in cash--€5,432-€430€2,868-€1,596€13,343-€16,101-

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 29 filings with the National Bank
Financial year Type Filed Reference
30-06-2025 micro format 30-01-2026 2026-00019825
30-06-2024 micro format 30-01-2025 2025-00018971
30-06-2023 micro format 27-01-2024 2024-00011021
30-06-2022 micro format 31-01-2023 2023-00016642
30-06-2021 micro format 01-02-2022 2022-03600386
30-06-2020 micro format 01-02-2021 2021-04300533
30-06-2019 abbreviated format 31-01-2020 2020-03700169
30-06-2018 abbreviated format 31-01-2019 2019-04000241
30-06-2017 abbreviated format 30-01-2018 2018-04600143
30-06-2016 abbreviated format 06-02-2017 2017-03800091

Show all 29 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.