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VONDEL

Active
Public limited companyfounded 198243 yrs activeDijkstraat 29, 9990 Maldegem, BelgiumKBO/BCE: BE 0423.404.010
Summary

VONDEL has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €143,417 and a net result of €18,342. Equity is growing by ~4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability83▼-3
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 35.01 against 24.08 in 2023; short-term debt: 1.5% and cash: 50.7% of total assets), and 8.6% 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 · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · 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
highest failure risk from 2 to 8 years 43 years 0 50 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-06-2025, 52 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
52 d early
2023
45 d early
2022
69 d early
2021
59 d early
2020
38 d late
2019
16 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 34 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · 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

History

On 23 December 1982, VONDEL was incorporated.1 Total assets went from EUR 498,482 in 2018 to EUR 156,831 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€143,417▲ 14.7%
2023 · €125,075
Total assets
€156,831▲ 13.4%
2023 · €138,355
Net result
€18,342▼ 4.4%
2023 · €19,193
Working capital
€81,192▲ 47.6%
2023 · €55,002
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€14,979▲ 53.3%€16,091▲ 7.4%€25,877▲ 60.8%€26,014▲ 0.5%€24,888▼ 4.3%
Net result€4,336▼ 14.4%€10,565▲ 144%€19,154▲ 81.3%€19,193▲ 0.2%€18,342▼ 4.4%
Equity€76,163▼ 81.6%€86,728▲ 13.9%€105,882▲ 22.1%€125,075▲ 18.1%€143,417▲ 14.7%
Total assets€469,110▼ 2.3%€102,445▼ 78.2%€119,701▲ 16.8%€138,355▲ 15.6%€156,831▲ 13.4%
Debt€392,947▲ 500%€15,718▼ 96.0%€13,818▼ 12.1%€13,280▼ 3.9%€13,414▲ 1.0%
Working capital-€10,850€9,861€36,315▲ 268%€55,002▲ 51.5%€81,192▲ 47.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2020: €14,979€14,979Net result 2020: €4,336€4,336Operating result 2021: €16,091€16,091Net result 2021: €10,565€10,565Operating result 2022: €25,877€25,877Net result 2022: €19,154€19,154Operating result 2023: €26,014€26,014Net result 2023: €19,193€19,193Operating result 2024: €24,888€24,888Net result 2024: €18,342€18,34220202021202220232024€0€10,000€20,000€30,000Operating result 2022: €25,877€25,900Net result 2022: €19,154€19,200Operating result 2023: €26,014€26,000Net result 2023: €19,193€19,200Operating result 2024: €24,888€24,900Net result 2024: €18,342€18,300202220232024
The operating result falls in 2024; 2024 is 4% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €156,831
Fixed assets €73,252 ▼ 9.5%
Current assets €83,580 ▲ 45.6%
Equity and liabilities €156,831
Equity €143,417 ▲ 14.7%
Debt €13,414 ▲ 1.0%
Debt's share of the balance-sheet total falls from 9.6% to 8.6%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€32,606▼
2023 · €33,629
Cash flow
€26,060▼
2023 · €26,807
Current ratio
35.01▲
2023 · 24.08
Debt to equity
0.09▼
2023 · 0.11
ROE
12.8%▼
2023 · 15.3%
ROA
11.7%▼
2023 · 13.9%
Interest coverage
86.70▼
2023 · 91.30
Debt ≤ 1 year
€2,387▲
2023 · €2,383
Debt > 1 year
€7,500=
2023 · €7,500
Income taxes
€6,169▼
2023 · €6,453
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of 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 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€138,355€156,831▲
Fixed assets21/28€80,970€73,252▼
Tangible fixed assets22/27€80,970€73,252▼
Land and buildings22€80,970€73,252▼
Current assets29/58€57,385€83,580▲
Amounts receivable within one year40/41€547€1,378▲
Other amounts receivable41€547€1,378▲
Cash at bank and in hand54/58€54,312€79,582▲
Deferred charges and accrued income490/1€2,526€2,620▲
Equity and liabilities
Total equity and liabilities10/49€138,355€156,831▲
Equity10/15€125,075€143,417▲
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Reserves13€63,575€81,917▲
Non-distributable reserves130/1€6,150€6,150=
Legal reserve130€6,150€6,150=
Distributable reserves133€57,425€75,767▲
Amounts payable17/49€13,280€13,414▲
Amounts payable after more than one year17€7,500€7,500=
Other amounts payable178/9€7,500€7,500=
Amounts payable within one year42/48€2,383€2,387▲
Financial debts43€2,383€2,387▲
Credit institutions430/8€2,383€2,387▲
Accrued charges and deferred income492/3€3,396€3,527▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,615€7,718▲
Other operating charges640/8€4,677€4,858▲
Gross operating margin9900€38,306€37,464▼
Operating profit (loss)9901€26,014€24,888▼
Financial charges65/66B€368€376▲
Recurring financial charges65€368€376▲
Profit (loss) for the period before taxes9903€25,646€24,512▼
Income taxes67/77€6,453€6,169▼
Profit (loss) for the period9904€19,193€18,342▼
Profit (loss) for the period to be appropriated9905€19,193€18,342▼
Appropriation of the result
Profit (loss) to be appropriated9906€19,193€18,342▼
Transfer to equity691/2€19,193€18,342▼
To other reserves6921€19,193€18,342▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,479€6,963€6,963€7,615€7,718▲ 1.4%
Other operating charges640/8-€3,940€3,769€4,677€4,858▲ 3.9%
Non-recurring operating charges66A-€3,588----
Gross operating margin9900€34,848€30,582€36,609€38,306€37,464▼ 2.2%
Operating profit (loss)9901€14,979€16,091€25,877€26,014€24,888▼ 4.3%
Recurring financial income75€72-----
Financial charges65/66B-€1,120€338€368€376▲ 2.1%
Recurring financial charges65€6,784€1,120€338€368€376▲ 2.1%
Profit (loss) for the period before taxes9903€8,267€14,971€25,539€25,646€24,512▼ 4.4%
Income taxes67/77€3,931€4,406€6,385€6,453€6,169▼ 4.4%
Profit (loss) for the period9904€4,336€10,565€19,154€19,193€18,342▼ 4.4%
Profit (loss) for the period to be appropriated9905€4,336€10,565€19,154€19,193€18,342▼ 4.4%
Line20202021202220232024Change
Assets
Total assets20/58€469,110€102,445€119,701€138,355€156,831▲ 13.4%
Fixed assets21/28€104,153€88,002€81,039€80,970€73,252▼ 9.5%
Tangible fixed assets22/27€104,153€88,002€81,039€80,970€73,252▼ 9.5%
Land and buildings22-€88,002€81,039€80,970€73,252▼ 9.5%
Current assets29/58€364,957€14,443€38,662€57,385€83,580▲ 45.6%
Amounts receivable within one year40/41€346,956€2,674€14,173€547€1,378▲ 152%
Other amounts receivable41-€2,674€14,173€547€1,378▲ 152%
Cash at bank and in hand54/58€14,166€9,609€22,096€54,312€79,582▲ 46.5%
Deferred charges and accrued income490/1-€2,161€2,393€2,526€2,620▲ 3.7%
Equity and liabilities
Total equity and liabilities10/49€469,110€102,445€119,701€138,355€156,831▲ 13.4%
Equity10/15€76,163€86,728€105,882€125,075€143,417▲ 14.7%
Contributions10/11€61,500€61,500€61,500€61,500€61,500=
Capital10-€61,500€61,500€61,500€61,500=
Issued capital100-€61,500€61,500€61,500€61,500=
Reserves13€14,663€25,228€44,382€63,575€81,917▲ 28.9%
Non-distributable reserves130/1-€6,150€6,150€6,150€6,150=
Legal reserve130-€6,150€6,150€6,150€6,150=
Distributable reserves133-€19,078€38,232€57,425€75,767▲ 31.9%
Amounts payable17/49€392,947€15,718€13,818€13,280€13,414▲ 1.0%
Amounts payable after more than one year17€7,500€7,500€7,500€7,500€7,500=
Other amounts payable178/9-€7,500€7,500€7,500€7,500=
Amounts payable within one year42/48€375,806€4,582€2,347€2,383€2,387▲ 0.2%
Financial debts43-€2,345€2,347€2,383€2,387▲ 0.2%
Credit institutions430/8-€2,345€2,347€2,383€2,387▲ 0.2%
Trade debts44€939-----
Other amounts payable47/48-€2,237----
Accrued charges and deferred income492/3-€3,635€3,972€3,396€3,527▲ 3.8%
Line20202021202220232024Change
Profit (loss) for the period9904€4,336€10,565€19,154€19,193€18,342▼ 4.4%
+ Depreciation and write-downs630€15,479€6,963€6,963€7,615€7,718▲ 1.4%
Operating cash flow (approximation)€19,815€17,529€26,118€26,807€26,060▼ 2.8%
Investment in fixed assets (approximation)-€9,188€0-€7,546€0▲ 100%
Change in cash--€4,557€12,487€32,216€25,270▼ 21.6%

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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Timeline · acts, filings and financial milestones

2025
09-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
16-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Highest result since 2018net €19,193 ▲0.2%
Operating result €26,014, net result €19,193, both a record.
23-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Liquidity times 5current ratio 16.48
Current ratio from 3.15 to 16.48; short-term debt falls from €4,582 to €2,347.
31-12
Financial Equity above €100,000Eq €105,882 ▲22.1%
5 profitable years in a row build equity to €105,882.
02-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Liquidity triplescurrent ratio 3.15
Current ratio from 0.97 to 3.15; short-term debt falls from €375,806 to €4,582.
07-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 38 days late
2020
31-12
Financial Weakest financial yearnet €4,336 ▼14.4%
Net result drops to €4,336, the lowest in the series; recovery starts the following year.
15-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
21-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-06
NBB filing Annual accounts filed
fiscal year 2015 · 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, Maldegem · 1 establishment unit since 1983
seat establishment approximate The establishment unit on the map
Ground area
5,101 m²
Parcel 43010A0004/00_000, Flanders. Linked by address, not a title deed.
1 establishment unit
Dijkstraat 29, 9990 Maldegem
since 19832.021.567.694
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
43010A0004/00_000 Flanders 5,101 m² - -
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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. BLAC 99.5%
  2. VONDEL

Highest known parent: BLAC. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded23-12-1982
Fiscal year end31-12
Contact
Phone 0486373876Maldegem
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.