VANZEEBROECK NV-SA
ActiveVANZEEBROECK NV-SA has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.61M and a net result of €-64k. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 56% of 4860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▼-46
Solvency76▼-5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity ample (current ratio 5.42 against 10.8 in 2024; short-term debt: 7.2% and cash: 0.7% of total assets), and 49.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · 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 →
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
50.7%
Return on assets
-0.9%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
36 d early
2023
on the day
2022
1 d late
2021
21 d early
2020
2 d early
2019
75 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-64k
2024 · €129k
2018: €17k
2019: €99k
2020: €863k
2021: €697k
2022: €267k
2023: €235k
2024: €129k
2018 → 2025
Working capital
€2.28M▼ 8.7%
2024 · €2.50M
2018: €1.60M
2019: €1.62M
2020: €3.22M
2021: €3.05M
2022: €3.32M
2023: €3.15M
2024: €2.50M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.05M-€3.31M▲ 8.8%€3.55M▲ 7.1%€3.68M▲ 3.6%€3.61M▼ 1.8%
Operating result€1.05M-€375k▼ 64.3%€322k▼ 14.1%€177k▼ 44.9%€-275k
Net result€697k-€267k▼ 61.6%€235k▼ 12.2%€129k▼ 44.9%€-64k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €275k after €177k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.13M
Fixed assets
€4.33M▲ 11.9%
Current assets
€2.79M▲ 1.6%
Equity and liabilities €7.13M
Equity
€3.61M▼ 1.8%
Debt
€3.51M▲ 19.3%
The debt ratio rises from 44.5% to 49.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€69k▼
2024 · €500k
Cash flow
€280k▼
2024 · €452k
Solvency
50.7%▼
2024 · 55.5%
Current ratio
5.42▼
2024 · 10.80
Quick ratio
1.92▼
2024 · 4.22
Debt / equity
0.97▲
2024 · 0.80
ROE
-1.8%▼
2024 · 3.5%
ROA
-0.9%▼
2024 · 2.0%
Interest coverage
0.49▼
2024 · 5.57
Debt
€3.51M▲
2024 · €2.95M
Debt ≤ 1 year
€515k▲
2024 · €255k
Debt > 1 year
€2.94M▲
2024 · €2.68M
Income taxes
€458▼
2024 · €660
Staff costs
€371k▲
2024 · €314k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€6.62M€7.13M▲
Fixed assets21/28€3.87M€4.33M▲
Intangible fixed assets21€8k€11k▲
Tangible fixed assets22/27€3.86M€4.32M▲
Land and buildings22€3.45M€3.87M▲
Plant, machinery and equipment23€381k€422k▲
Furniture and vehicles24€26k€28k▲
Financial fixed assets28€4k€4k=
Current assets29/58€2.75M€2.79M▲
Stocks and contracts in progress3€1.67M€1.80M▲
Stocks30/36€1.67M€1.80M▲
Amounts receivable within one year40/41€964k€923k▼
Trade receivables40€920k€896k▼
Other amounts receivable41€44k€27k▼
Cash at bank and in hand54/58€97k€53k▼
Deferred charges and accrued income490/1€15k€16k▲
Equity and liabilities
Total equity and liabilities10/49€6.62M€7.13M▲
Equity10/15€3.68M€3.61M▼
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Reserves13€3.18M€3.11M▼
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Distributable reserves133€3.13M€3.06M▼
Amounts payable17/49€2.95M€3.51M▲
Amounts payable after more than one year17€2.68M€2.94M▲
Financial debts170/4€1.48M€1.33M▼
Other amounts payable178/9€1.20M€1.62M▲
Amounts payable within one year42/48€255k€515k▲
Current portion of amounts payable after more than one year42€148k€153k▲
Trade debts44€16k€294k▲
Suppliers440/4€16k€294k▲
Taxes, remuneration and social security45€68k€46k▼
Taxes450/3€8k€267▼
Remuneration and social security454/9€60k€46k▼
Other amounts payable47/48€23k€21k▼
Accrued charges and deferred income492/3€11k€58k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€314k€371k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€323k€344k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-28k€0▲
Other operating charges640/8€23k€6k▼
Gross operating margin9900€810k€446k▼
Operating profit (loss)9901€177k€-275k▼
Financial income75/76B€42k€351k▲
Recurring financial income75€42k€351k▲
Financial charges65/66B€90k€140k▲
Recurring financial charges65€90k€140k▲
Profit (loss) for the period before taxes9903€130k€-64k▼
Income taxes67/77€660€458▼
Profit (loss) for the period9904€129k€-64k▼
Profit (loss) for the period to be appropriated9905€129k€-64k▼
Appropriation of the result
Profit (loss) to be appropriated9906€129k€-64k▼
Transfer from equity791/2-€64k
Transfer to equity691/2€129k€0▼
To other reserves6921€129k€0▼
Social balance
Average headcount (FTE)90875.86.3▲
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-64k ▼150%
Net result drops to €-64k, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 38.70
Current ratio from 16.53 to 38.70; short-term debt falls from €214k to €84k.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 1 day late
2022
10-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 10.70
Current ratio from 2.89 to 10.70; short-term debt falls from €1.70M to €315k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €863k ▲769%
Net result €863k, the highest in the series.
31-12
Financial
Equity above €2MEq €2.45M ▲54.4%
3 profitable years in a row build equity to €2.45M.
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 75 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
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.
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, Tubize · 1 establishment unit since 1986
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.
Rue Ilya Prigogine 101480 TubizeGround area
7,122 m²
Parcel 25105A0534/00B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Geert Van Zeebroeck
since 19862.035.491.154
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105A0534/00B000 | Wallonia | 7,121 m² | - | - |
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
2022 to 2025 · 7 entries · 34,667 EUR awarded · 34,667 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 10,608 EUR | 10,608 EUR |
| 2024 | 2 | 13,169 EUR | 13,169 EUR |
| 2023 | 2 | 4,927 EUR | 4,927 EUR |
| 2022 | 1 | 5,963 EUR | 5,963 EUR |
Schemes
Subsidies voor internationaal ondernemen
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
549300U7V2I0UYG1W656
Similar companies · same sector, comparable size
Sodibel Group
BE 0413.174.171
Elsene · Eq €3.62M
NICO
BE 0428.984.676
Perwez · Eq €3.65M
Duracell Belgium Distribution
BE 0627.646.616
Aarschot · Eq €3.65M
DELTA DIFFUSION
BE 0439.626.071
Walhain · Eq €3.66M
KORELEC
BE 0422.651.269
Kuurne · Eq €3.54M
Of 1,170 companies in sector 46499 we hold annual accounts for 743. 349 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-08-1986
Fiscal year end31-12
Activities, NACEBEL
22120Manufacture of rubber and plastic products
25130
46499Wholesale of other household goods
51478
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@heva.be