VOORDECKER
ActiveSummary
VOORDECKER has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €221,005 and a net result of €2,880. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 63% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+54
Solvency83=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 2.38 against 2.35 in 2024; short-term debt: 41.7% and cash: 57.3% of total assets), and 41.7% 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
58.3%
Return on assets
0.8%
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
22 d late
2023
9 d late
2022
on the day
2021
29 d late
2020
6 d late
2019
81 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 20 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€221,005▲ 1.3%
2024 · €218,125
Total assets
€378,946▲ 1.3%
2024 · €374,175
Net result
€2,880
2024 · -€7,097
Working capital
€218,353▲ 3.6%
2024 · €210,782
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€16,620▲ 57.7%€5,821▼ 65.0%€7,187▲ 23.5%-€7,015€2,915
Net result€14,322within the sector's middle half▲ 70.8%€3,267within the sector's middle half▼ 77.2%€5,508within the sector's middle half▲ 68.6%-€7,097below the sector's middle half€2,880within the sector's middle half
Equity€216,446above the sector's middle half▲ 7.1%€219,714above the sector's middle half▲ 1.5%€225,222above the sector's middle half▲ 2.5%€218,125above the sector's middle half▼ 3.2%€221,005above the sector's middle half▲ 1.3%
Total assets€359,610above the sector's middle half▲ 5.3%€377,691above the sector's middle half▲ 5.0%€380,785above the sector's middle half▲ 0.8%€374,175above the sector's middle half▼ 1.7%€378,946above the sector's middle half▲ 1.3%
Debt€143,164▲ 2.8%€157,977▲ 10.3%€155,564▼ 1.5%€156,049▲ 0.3%€157,941▲ 1.2%
Working capital€195,046above the sector's middle half▼ 3.5%€202,776above the sector's middle half▲ 4.0%€213,082above the sector's middle half▲ 5.1%€210,782above the sector's middle half▼ 1.1%€218,353above the sector's middle half▲ 3.6%
Solvency60.2%within the sector's middle half▲ 1.0pp58.2%within the sector's middle half▼ 2.0pp59.1%within the sector's middle half▲ 1.0pp58.3%within the sector's middle half▼ 0.9pp58.3%within the sector's middle half=
Current ratio2.36within the sector's middle half▼ 0.092.28within the sector's middle half▼ 0.082.37within the sector's middle half▲ 0.092.35within the sector's middle half▼ 0.022.38within the sector's middle half▲ 0.03
Return on assets (ROA)4.0%within the sector's middle half▲ 1.5pp0.9%within the sector's middle half▼ 3.1pp1.4%within the sector's middle half▲ 0.6pp-1.9%below the sector's middle half▼ 3.3pp0.8%within the sector's middle half▲ 2.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2,915 after a loss of €7,015 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €378,946
Fixed assets
€2,652 ▼ 63.9%
Current assets
€376,295 ▲ 2.6%
Equity and liabilities €378,946
Equity
€221,005 ▲ 1.3%
Debt
€157,941 ▲ 1.2%
Debt's share of the balance-sheet total stays at 41.7%.
Key figures and ratios
EBITDA
€7,606▲
2024 · -€2,218
Cash flow
€7,571▲
2024 · -€2,300
Debt to equity
0.71▼
2024 · 0.72
ROE
1.3%▲
2024 · -3.3%
Interest coverage
167.68▲
2024 · -20.34
Debt ≤ 1 year
€157,941▲
2024 · €156,049
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 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 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 17,027 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,036 | €4,793 | €4,797 | €4,797 | €4,691 | ▼ 2.2% |
| Other operating charges640/8 | €351 | €82 | - | - | €253 | - |
| Gross operating margin9900 | €19,007 | €10,696 | €11,984 | -€2,218 | €7,859 | ▲ 454% |
| Operating profit (loss)9901 | €16,620 | €5,821 | €7,187 | -€7,015 | €2,915 | ▲ 142% |
| Financial income75/76B | €20 | €16 | €20 | €27 | €10 | ▼ 61.6% |
| Recurring financial income75 | €20 | €16 | €20 | €27 | €10 | ▼ 61.6% |
| Financial charges65/66B | €65 | €70 | €131 | €109 | €45 | ▼ 58.4% |
| Recurring financial charges65 | €65 | €70 | €131 | €109 | €45 | ▼ 58.4% |
| Profit (loss) for the period before taxes9903 | €16,575 | €5,767 | €7,076 | -€7,097 | €2,880 | ▲ 141% |
| Income taxes67/77 | €2,254 | €2,500 | €1,568 | - | - | - |
| Profit (loss) for the period9904 | €14,322 | €3,267 | €5,508 | -€7,097 | €2,880 | ▲ 141% |
| Profit (loss) for the period to be appropriated9905 | €14,322 | €3,267 | €5,508 | -€7,097 | €2,880 | ▲ 141% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €359,610 | €377,691 | €380,785 | €374,175 | €378,946 | ▲ 1.3% |
| Fixed assets21/28 | €21,401 | €16,937 | €12,140 | €7,343 | €2,652 | ▼ 63.9% |
| Tangible fixed assets22/27 | €21,401 | €16,937 | €12,140 | €7,343 | €2,652 | ▼ 63.9% |
| Furniture and vehicles24 | €21,401 | €16,937 | €12,140 | €7,343 | €2,652 | ▼ 63.9% |
| Current assets29/58 | €338,210 | €360,753 | €368,645 | €366,831 | €376,295 | ▲ 2.6% |
| Amounts receivable within one year40/41 | €32,481 | €40,308 | €53,621 | €39,679 | €33,854 | ▼ 14.7% |
| Trade receivables40 | €20,871 | €29,791 | €41,616 | €26,403 | €19,731 | ▼ 25.3% |
| Other amounts receivable41 | €11,610 | €10,517 | €12,005 | €13,276 | €14,123 | ▲ 6.4% |
| Current investments50/53 | €125,219 | €125,219 | €125,219 | €125,219 | €125,219 | = |
| Cash at bank and in hand54/58 | €180,510 | €195,226 | €189,268 | €201,933 | €217,221 | ▲ 7.6% |
| Deferred charges and accrued income490/1 | - | - | €537 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €359,610 | €377,691 | €380,785 | €374,175 | €378,946 | ▲ 1.3% |
| Equity10/15 | €216,446 | €219,714 | €225,222 | €218,125 | €221,005 | ▲ 1.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €195,986 | €199,254 | €204,762 | €197,665 | €200,545 | ▲ 1.5% |
| Amounts payable17/49 | €143,164 | €157,977 | €155,564 | €156,049 | €157,941 | ▲ 1.2% |
| Amounts payable within one year42/48 | €143,164 | €157,977 | €155,564 | €156,049 | €157,941 | ▲ 1.2% |
| Trade debts44 | €3,659 | €11,204 | €2,708 | €2,884 | €1,870 | ▼ 35.2% |
| Suppliers440/4 | €3,659 | €11,204 | €2,708 | €2,884 | €1,870 | ▼ 35.2% |
| Taxes, remuneration and social security45 | €1,455 | - | €662 | - | - | - |
| Remuneration and social security454/9 | €1,455 | - | €662 | - | - | - |
| Other amounts payable47/48 | €138,049 | €146,773 | €152,193 | €153,165 | €156,071 | ▲ 1.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,322 | €3,267 | €5,508 | -€7,097 | €2,880 | ▲ 141% |
| + Depreciation and write-downs630 | €2,036 | €4,793 | €4,797 | €4,797 | €4,691 | ▼ 2.2% |
| Operating cash flow (approximation) | €16,357 | €8,060 | €10,305 | -€2,300 | €7,571 | ▲ 429% |
| Investment in fixed assets (approximation) | - | -€330 | €0 | €0 | €0 | - |
| Change in cash | - | €14,716 | -€5,957 | €12,664 | €15,288 | ▲ 20.7% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €2,880
Net result €2,880 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Weakest financial yearnet -€7,097
Net result drops to -€7,097, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
31-12
Financial
Equity above €200,000Eq €202,125 ▲4.3%
3 profitable years in a row build equity to €202,125.
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 81 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Wemmel · 1 establishment unit since 2004
Ground area
385 m²
Building footprint
150 m²
Volume, LiDAR
1,030 m³
Parcel 22005A0525/00A009, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
VOORDECKER
since 20042.143.953.089
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22005A0525/00A009 | Flanders | 385 m² | 1 · 150 m² | 11.7 m · 2 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 9,536 companies in sector 43222 we hold annual accounts for 5,669. 4,747 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-11-2004
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0870197391
Also
9925:BE0870197391
Registered
24-02-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.