VENTANA
ActiveSummary
VENTANA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €662,018 and a net result of €19,215. Equity is growing by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 52% of 2258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-12
Solvency65▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.41 in 2024; short-term debt: 21.8% and cash: 7.9% of total assets), and 60.4% 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
39.6%
Return on assets
1.1%
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 01-04-2026, 121 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
121 d early
2024
112 d early
2023
139 d early
2022
12 d early
2021
16 d early
2020
11 d early
2019
31 d late
← 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 54 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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. Usually files around 10 April (4 of the last 5 filed years within 96 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€662,018▲ 3.0%
2024 · €642,802
Total assets
€1.7m▼ 1.2%
2024 · €1.7m
Net result
€19,215▼ 88.3%
2024 · €163,876
Working capital
€69,146▼ 38.3%
2024 · €112,010
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€84,537▼ 1.3%€93,886▲ 11.1%€168,883▲ 79.9%€220,386▲ 30.5%€40,726▼ 81.5%
Net result€76,946within the sector's middle half▼ 2.3%€79,128within the sector's middle half▲ 2.8%€114,538above the sector's middle half▲ 44.8%€163,876above the sector's middle half▲ 43.1%€19,215within the sector's middle half▼ 88.3%
Equity€335,261within the sector's middle half▲ 29.8%€414,389within the sector's middle half▲ 23.6%€528,927within the sector's middle half▲ 27.6%€642,802within the sector's middle half▲ 21.5%€662,018above the sector's middle half▲ 3.0%
Total assets€1.6mwithin the sector's middle half▲ 9.5%€1.8mwithin the sector's middle half▲ 11.0%€1.8mwithin the sector's middle half▼ 2.6%€1.7mwithin the sector's middle half▼ 3.9%€1.7mwithin the sector's middle half▼ 1.2%
Debt€1.3m▲ 5.3%€1.4m▲ 7.7%€1.2m▼ 11.6%€1.0m▼ 14.9%€1.0m▼ 3.7%
Working capital-€687,793below the sector's middle half▼ 47.3%-€776,937below the sector's middle half▼ 13.0%€100,037within the sector's middle half€112,010within the sector's middle half▲ 12.0%€69,146within the sector's middle half▼ 38.3%
Solvency20.6%within the sector's middle half▲ 3.2pp22.9%within the sector's middle half▲ 2.3pp30.1%within the sector's middle half▲ 7.1pp38.0%within the sector's middle half▲ 8.0pp39.6%within the sector's middle half▲ 1.6pp
Current ratio0.36below the sector's middle half▼ 0.040.35below the sector's middle half▼ 0.011.38within the sector's middle half▲ 1.031.41within the sector's middle half▲ 0.021.19within the sector's middle half▼ 0.22
Return on assets (ROA)4.7%within the sector's middle half▼ 0.6pp4.4%within the sector's middle half▼ 0.3pp6.5%within the sector's middle half▲ 2.1pp9.7%within the sector's middle half▲ 3.2pp1.1%within the sector's middle half▼ 8.5pp
Staff (FTE)4within the sector's middle half=4within the sector's middle half=3.5within the sector's middle half▼ 12.5%3.3within the sector's middle half▼ 5.7%3.6within the sector's middle half▲ 9.1%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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 falls in 2025; 2025 is 82% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.2m ▼ 5.0%
Current assets
€433,570 ▲ 11.7%
Equity and liabilities €1.7m
Equity
€662,018 ▲ 3.0%
Debt
€1.0m ▼ 3.7%
Debt's share of the balance-sheet total falls from 62.0% to 60.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€145,117▼
2024 · €317,385
Cash flow
€123,606▼
2024 · €260,875
Quick ratio
0.80▼
2024 · 1.23
Debt to equity
1.52▼
2024 · 1.63
ROE
2.9%▼
2024 · 25.5%
Interest coverage
5.85▼
2024 · 10.40
Debt ≤ 1 year
€364,423▲
2024 · €276,270
Debt > 1 year
€627,255▼
2024 · €749,453
Income taxes
€8,723▼
2024 · €39,908
Staff costs
€277,575▲
2024 · €228,879
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
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 0.6% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% 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 17,040 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €724 | €413 | ▼ 42.9% |
| Remuneration, social security and pensions62 | €249,321 | €257,164 | €253,815 | €228,879 | €277,575 | ▲ 21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €84,381 | €102,553 | €88,709 | €96,999 | €104,391 | ▲ 7.6% |
| Other operating charges640/8 | €4,365 | €11,959 | €12,954 | €13,088 | €10,984 | ▼ 16.1% |
| Gross operating margin9900 | €422,605 | €465,562 | €524,362 | €559,352 | €433,676 | ▼ 22.5% |
| Operating profit (loss)9901 | €84,537 | €93,886 | €168,883 | €220,386 | €40,726 | ▼ 81.5% |
| Financial income75/76B | €15,542 | €17,869 | €17,227 | €13,920 | €12,029 | ▼ 13.6% |
| Recurring financial income75 | €15,542 | €17,869 | €17,227 | €13,920 | €12,029 | ▼ 13.6% |
| Financial charges65/66B | €22,987 | €19,408 | €34,131 | €30,522 | €24,817 | ▼ 18.7% |
| Recurring financial charges65 | €22,987 | €19,408 | €34,131 | €30,522 | €24,817 | ▼ 18.7% |
| Profit (loss) for the period before taxes9903 | €77,092 | €92,347 | €151,979 | €203,784 | €27,938 | ▼ 86.3% |
| Income taxes67/77 | €146 | €13,219 | €37,441 | €39,908 | €8,723 | ▼ 78.1% |
| Profit (loss) for the period9904 | €76,946 | €79,128 | €114,538 | €163,876 | €19,215 | ▼ 88.3% |
| Profit (loss) for the period to be appropriated9905 | €76,946 | €79,128 | €114,538 | €163,876 | €19,215 | ▼ 88.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.8m | €1.8m | €1.7m | €1.7m | ▼ 1.2% |
| Fixed assets21/28 | €1.2m | €1.4m | €1.4m | €1.3m | €1.2m | ▼ 5.0% |
| Tangible fixed assets22/27 | €1.2m | €1.4m | €1.4m | €1.3m | €1.2m | ▼ 5.0% |
| Land and buildings22 | €921,206 | €1.1m | €1.1m | €1.0m | €1.0m | ▼ 3.9% |
| Plant, machinery and equipment23 | €147,023 | €100,625 | €138,250 | €107,154 | €76,059 | ▼ 29.0% |
| Furniture and vehicles24 | €2,031 | €8,269 | €43,366 | €33,310 | €55,408 | ▲ 66.3% |
| Leasing and similar rights25 | €162,061 | €147,061 | €132,061 | €117,061 | €102,061 | ▼ 12.8% |
| Financial fixed assets28 | €1,100 | €1,100 | €1,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €395,123 | €424,746 | €360,346 | €388,279 | €433,570 | ▲ 11.7% |
| Stocks and contracts in progress3 | €75,475 | €150,510 | €52,291 | €49,316 | €143,230 | ▲ 190% |
| Stocks30/36 | €28,300 | €45,000 | €39,000 | €36,000 | €38,000 | ▲ 5.6% |
| Contracts in progress37 | €47,175 | €105,510 | €13,291 | €13,316 | €105,230 | ▲ 690% |
| Amounts receivable within one year40/41 | €219,338 | €107,522 | €187,806 | €121,904 | €152,752 | ▲ 25.3% |
| Trade receivables40 | €207,391 | €78,402 | €142,496 | €88,398 | €124,372 | ▲ 40.7% |
| Other amounts receivable41 | €11,947 | €29,120 | €45,311 | €33,507 | €28,380 | ▼ 15.3% |
| Cash at bank and in hand54/58 | €93,348 | €158,189 | €113,702 | €209,391 | €131,278 | ▼ 37.3% |
| Deferred charges and accrued income490/1 | €6,961 | €8,525 | €6,547 | €7,668 | €6,309 | ▼ 17.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.8m | €1.8m | €1.7m | €1.7m | ▼ 1.2% |
| Equity10/15 | €335,261 | €414,389 | €528,927 | €642,802 | €662,018 | ▲ 3.0% |
| Contributions10/11 | €400,000 | €400,000 | €400,000 | €400,000 | €400,000 | = |
| Reserves13 | €30,000 | €14,389 | €128,927 | €242,802 | €262,018 | ▲ 7.9% |
| Non-distributable reserves130/1 | €10,000 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €10,000 | €0 | - | - | - | - |
| Distributable reserves133 | €20,000 | €14,389 | €128,927 | €242,802 | €262,018 | ▲ 7.9% |
| Profit (loss) carried forward14 | -€94,739 | €0 | - | €0 | €0 | - |
| Amounts payable17/49 | €1.3m | €1.4m | €1.2m | €1.0m | €1.0m | ▼ 3.7% |
| Amounts payable after more than one year17 | €210,366 | €190,967 | €970,676 | €749,453 | €627,255 | ▼ 16.3% |
| Financial debts170/4 | €210,366 | €190,967 | €970,676 | €749,453 | €627,255 | ▼ 16.3% |
| Amounts payable within one year42/48 | €1.1m | €1.2m | €260,309 | €276,270 | €364,423 | ▲ 31.9% |
| Current portion of amounts payable after more than one year42 | €18,548 | €19,400 | €20,291 | €21,223 | €22,198 | ▲ 4.6% |
| Trade debts44 | €31,970 | €69,725 | €65,161 | €50,497 | €42,260 | ▼ 16.3% |
| Suppliers440/4 | €31,970 | €69,725 | €65,161 | €50,497 | €42,260 | ▼ 16.3% |
| Advances received on contracts in progress46 | €54,000 | €117,000 | €57,500 | €0 | €140,500 | - |
| Taxes, remuneration and social security45 | €28,179 | €32,588 | €29,340 | €36,815 | €41,730 | ▲ 13.4% |
| Taxes450/3 | €3,165 | €6,270 | €5,353 | €12,214 | €14,910 | ▲ 22.1% |
| Remuneration and social security454/9 | €25,015 | €26,318 | €23,987 | €24,601 | €26,820 | ▲ 9.0% |
| Other amounts payable47/48 | €950,219 | €962,971 | €88,018 | €167,735 | €117,735 | ▼ 29.8% |
| Accrued charges and deferred income492/3 | - | - | - | €22,321 | €17,594 | ▼ 21.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76,946 | €79,128 | €114,538 | €163,876 | €19,215 | ▼ 88.3% |
| + Depreciation and write-downs630 | €84,381 | €102,553 | €88,709 | €96,999 | €104,391 | ▲ 7.6% |
| Operating cash flow (approximation) | €161,327 | €181,681 | €203,247 | €260,875 | €123,606 | ▼ 52.6% |
| Investment in fixed assets (approximation) | - | -€251,425 | -€105,982 | €0 | -€39,545 | - |
| Change in cash | - | €64,841 | -€44,487 | €95,689 | -€78,112 | ▼ 182% |
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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €163,876 ▲43.1%
Operating result €220,386, net result €163,876, both a record.
14-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 1.38
Current ratio from 0.35 to 1.38; short-term debt falls from €1.2m to €260,309.
31-12
Financial
Equity above €500,000Eq €528,927 ▲27.6%
5 profitable years in a row build equity to €528,927.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200,000Eq €258,315 ▲43.9%
2 profitable years in a row build equity to €258,315.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Back to profitnet €132,394
Net result €132,394 after one loss-making year.
Show earlier events
31-12
Financial
Equity above €150,000Eq €179,544 ▲281%
Equity rises from €47,150 to €179,544.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ieper · 1 establishment unit since 2004
Ground area
1.6 ha
Building footprint
8,233 m²
Volume, LiDAR
99,544 m³
Parcel 33305B0939/00T000, Flanders · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Ventana
since 20042.139.504.155
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33305B0939/00T000 | Flanders | 1.6 ha | 1 · 8,233 m² | 14.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,453 companies in this sector we hold annual accounts for 1,059. 576 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded28-09-2004
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43320Joinery installation
Contact
Phone
057/429202Ieper
E-invoicing
Reachable via Peppol
Peppol ID
0208:0867465654
Also
9925:BE0867465654
Registered
19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.