VANTYGHEM PROJECTS

Active

Public limited companyfounded 199135 yrs activeTorhoutbaan(ICH) 1, 8480 Ichtegem, BelgiumKBO/BCE: BE 0444.367.490

VANTYGHEM PROJECTS has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €439k and a net result of €8k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 65% of 15867 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2024

86 / 100

Excellent= vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability10▼-6

Solvency98▲+1

Growth52▼-26

Stability100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €40k at 30 days acceptable

Liquidity ample (current ratio 3.7 against 3.68 in 2023), and 41.2% 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

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

−lowers risk+raises risk○neutral

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

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-09-2025, 43 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

43 d late

2023

47 d late

2022

28 d early

2021

44 d early

2020

54 d early

2019

56 d late

← before the deadline after the deadline →

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

€439k▲ 1.9%

2023 · €431k

2018: €268k 2019: €293k 2020: €345k 2021: €386k 2022: €417k 2023: €431k

2018 → 2024

Total assets

€747k▼ 4.6%

2023 · €783k

2018: €564k 2019: €617k 2020: €623k 2021: €618k 2022: €742k 2023: €783k

2018 → 2024

Net result

€8k▼ 38.5%

2023 · €14k

2018: €12k 2019: €30k 2020: €53k 2021: €41k 2022: €33k 2023: €14k

2018 → 2024

Working capital

€172k▼ 10.3%

2023 · €192k

2018: €199k 2019: €198k 2020: €220k 2021: €211k 2022: €217k 2023: €192k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€345k-€386k▲ 11.7%€417k▲ 8.1%€431k▲ 3.3%€439k▲ 1.9%

Operating result€76k-€58k▼ 23.2%€43k▼ 26.6%€28k▼ 34.2%€21k▼ 26.9%

Net result€53k-€41k▼ 23.0%€33k▼ 18.2%€14k▼ 59.0%€8k▼ 38.5%

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

Result per fiscal year

Operating resultNet result

The operating result has fallen four years in a row; 2024 is 27% below 2023 and is the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €747k

68.4%

31.6%

Fixed assets €511k▼ 1.6%

Current assets €236k▼ 10.5%

Equity and liabilities €747k

58.8%

41.2%

Equity €439k▲ 1.9%

Debt €308k▼ 12.6%

The debt ratio falls from 45.0% to 41.2%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€40k▼

2023 · €45k

Cash flow

€28k▼

2023 · €31k

Solvency

58.8%▲

2023 · 55.0%

Current ratio

3.70▲

2023 · 3.68

Quick ratio

1.95▼

2023 · 2.08

Debt / equity

0.70▼

2023 · 0.82

ROE

1.9%▼

2023 · 3.2%

ROA

1.1%▼

2023 · 1.7%

Interest coverage

3.29▼

2023 · 3.79

Debt

€308k▼

2023 · €352k

Debt ≤ 1 year

€64k▼

2023 · €72k

Debt > 1 year

€244k▼

2023 · €280k

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

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€783k€747k▼

Fixed assets21/28€519k€511k▼

Tangible fixed assets22/27€519k€511k▼

Land and buildings22€518k€511k▼

Plant, machinery and equipment23€810-

Current assets29/58€264k€236k▼

Stocks and contracts in progress3€114k€112k▼

Stocks30/36€114k€112k▼

Amounts receivable within one year40/41€117k€108k▼

Trade receivables40€117k€108k▼

Cash at bank and in hand54/58€23k€12k▼

Deferred charges and accrued income490/1€9k€4k▼

Equity and liabilities

Total equity and liabilities10/49€783k€747k▼

Equity10/15€431k€439k▲

Contributions10/11€74k€74k=

Capital10€74k€74k=

Issued capital100€74k€74k=

Reserves13€95k€95k=

Non-distributable reserves130/1€7k€7k=

Legal reserve130€7k€7k=

Tax-exempt reserves132€13k€13k=

Distributable reserves133€74k€74k=

Profit (loss) carried forward14€261k€270k▲

Amounts payable17/49€352k€308k▼

Amounts payable after more than one year17€280k€244k▼

Financial debts170/4€280k€244k▼

Amounts payable within one year42/48€72k€64k▼

Current portion of amounts payable after more than one year42€31k€31k=

Trade debts44€7k€7k▲

Suppliers440/4€7k€7k▲

Taxes, remuneration and social security45€9k€7k▼

Taxes450/3€9k€6k▼

Remuneration and social security454/9€0€2k▲

Other amounts payable47/48€25k€18k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€20k▲

Other operating charges640/8€9k€8k▼

Gross operating margin9900€54k€48k▼

Operating profit (loss)9901€28k€21k▼

Financial income75/76B€4k€61▼

Recurring financial income75€4k€61▼

Financial charges65/66B€12k€12k▲

Recurring financial charges65€12k€12k▲

Profit (loss) for the period before taxes9903€20k€8k▼

Income taxes67/77€7k-

Profit (loss) for the period9904€14k€8k▼

Profit (loss) for the period to be appropriated9905€14k€8k▼

Appropriation of the result

Profit (loss) to be appropriated9906€261k€270k▲

Profit (loss) brought forward from the previous period14P€248k€261k▲

The notes to these accounts (7 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 12Financial 2Filings 10

2025

12-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 43 days late

2024

31-12

Financial Weakest financial yearnet €8k ▼38.5%

Net result drops to €8k, the lowest in the series.

16-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 47 days late

2023

03-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

17-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

07-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Highest result since 2018net €53k ▲76.4%

Operating result €76k, net result €53k, both a record.

25-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 56 days late

2019

30-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

05-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 36 days late

2017

15-09

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 46 days late

2016

15-09

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 46 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, Ichtegem · 1 establishment unit since 1991

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.

Torhoutbaan(ICH) 18480 Ichtegem

Ground area

1,290 m²

Building footprint

642 m²

Volume, LiDAR

3,041 m³

Parcel 35006D0287/00F000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

VANTYGHEM NV

Torhoutsebaan(EER) 1, 8480 IchtegemNACE 45432

since 19912.053.486.436

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35006D0287/00F000	Flanders	1,290 m²	1 · 642 m²	7.3 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

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

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 213 EUR awarded · 213 EUR paid

Year	Entries	awarded	paid
2025	1	213 EUR	213 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 213 EUR · 213 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

DE STIP INTERNATIONAL

Tongeren-Borgloon · Eq €445k

Grobbendonk · Eq €447k

ROEX SEATING SOLUTIONS

BE 0471.504.330

Dilsen-Stokkem · Eq €428k

Of 674 companies in sector 46494 we hold annual accounts for 527. 398 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded03-06-1991

Fiscal year end31-12

Activities, NACEBEL

46494Wholesale of non-electrical household articles

51471

43332Laying of wooden floor and wall coverings

45432

47552Retail sale of lighting equipment

47592Retail trade

52442

Sources

Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.