VAN VOOREN
ActiveVAN VOOREN has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.40M and a net result of €1.44M. Equity is growing by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 63% of 149 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+3
Solvency98▲+1
Growth81▼-3
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity ample (current ratio 2.33 against 2.17 in 2024), and 41% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 33
Relative position
BE, all sectors
reference
Sector 33
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
59%
Return on assets
15.7%
Age of the figures
8 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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
20 d late
2023
30 d late
2022
122 d early
2021
135 d early
2020
113 d early
2019
147 d early
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€18.94M▲ 13.8%
2024 · €16.63M
2023: €13.94M
2024: €16.63M
2023 → 2025
EBIT margin
10.3%▲ 0.9pp
2024 · 9.4%
2023: 9.8%
2024: 9.4%
2023 → 2025
Net result
€1.44M▲ 25.5%
2024 · €1.15M
2018: €377k
2019: €181k
2020: €211k
2021: €612k
2022: €453k
2023: €967k
2024: €1.15M
2018 → 2025
Working capital
€4.96M▲ 37.3%
2024 · €3.61M
2018: €1.04M
2019: €1.08M
2020: €1.32M
2021: €1.60M
2022: €1.44M
2023: €2.36M
2024: €3.61M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€13.94M€16.63M▲ 19.3%€18.94M▲ 13.8%
Equity€1.84M-€1.85M▲ 0.2%€2.81M▲ 52.4%€3.96M▲ 40.8%€5.40M▲ 36.4%
Operating result€838k-€645k▼ 23.1%€1.36M▲ 111%€1.57M▲ 15.3%€1.96M▲ 24.5%
Net result€612k-€453k▼ 26.1%€967k▲ 114%€1.15M▲ 18.6%€1.44M▲ 25.5%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 24% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.15M
Fixed assets
€439k▲ 17.2%
Current assets
€8.71M▲ 29.9%
Equity and liabilities €9.15M
Equity
€5.40M▲ 36.4%
Debt
€3.75M▲ 20.3%
The debt ratio falls from 44.1% to 41.0%: equity grows faster than debt.
Key figures and ratios
EBITDA
€2.09M▲
2024 · €1.71M
Cash flow
€1.58M▲
2024 · €1.28M
Solvency
59.0%▲
2024 · 55.9%
Current ratio
2.33▲
2024 · 2.17
Quick ratio
1.98▲
2024 · 1.91
Debt / equity
0.69▼
2024 · 0.79
ROE
26.7%▼
2024 · 29.0%
ROA
15.7%▼
2024 · 16.2%
Interest coverage
70.26▲
2024 · 48.48
Debt
€3.75M▲
2024 · €3.12M
Debt ≤ 1 year
€3.74M▲
2024 · €3.09M
Debt > 1 year
€4k▼
2024 · €11k
Income taxes
€499k▲
2024 · €408k
Staff costs
€2.98M▲
2024 · €2.81M
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€7.08M€9.15M▲
Fixed assets21/28€375k€439k▲
Intangible fixed assets21€42k€28k▼
Tangible fixed assets22/27€330k€411k▲
Plant, machinery and equipment23€103k€94k▼
Furniture and vehicles24€163k€96k▼
Other tangible fixed assets26€64k€221k▲
Financial fixed assets28€3k€0▼
Other financial fixed assets284/8€3k€0▼
Amounts receivable and cash guarantees285/8€3k€0▼
Current assets29/58€6.70M€8.71M▲
Stocks and contracts in progress3€793k€1.29M▲
Stocks30/36€793k€1.29M▲
Goods purchased for resale34€793k€1.29M▲
Amounts receivable within one year40/41€4.03M€4.45M▲
Trade receivables40€3.87M€4.15M▲
Other amounts receivable41€160k€300k▲
Cash at bank and in hand54/58€1.85M€2.95M▲
Deferred charges and accrued income490/1€31k€22k▼
Equity and liabilities
Total equity and liabilities10/49€7.08M€9.15M▲
Equity10/15€3.96M€5.40M▲
Contributions10/11€19k€19k=
Reserves13€3.94M€5.38M▲
Tax-exempt reserves132€71€71=
Distributable reserves133€3.94M€5.38M▲
Amounts payable17/49€3.12M€3.75M▲
Amounts payable after more than one year17€11k€4k▼
Financial debts170/4€11k€4k▼
Credit institutions173€11k€4k▼
Amounts payable within one year42/48€3.09M€3.74M▲
Current portion of amounts payable after more than one year42€6k€6k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€2.08M€3.15M▲
Suppliers440/4€2.08M€3.15M▲
Advances received on contracts in progress46€371k€254k▼
Taxes, remuneration and social security45€321k€330k▲
Taxes450/3€65k€60k▼
Remuneration and social security454/9€256k€271k▲
Other amounts payable47/48€310k€0▼
Accrued charges and deferred income492/3€20k€0▼
Income statement
Code20242025
Operating income70/76A€16.77M€19.10M▲
Turnover70€16.63M€18.94M▲
Other operating income74€137k€162k▲
Operating charges60/66A€15.20M€17.14M▲
Goods for resale, raw materials and consumables60€10.52M€11.92M▲
Purchases600/8€10.10M€12.42M▲
Change in stocks: decrease (increase)609€419k€-498k▼
Services and other goods61€1.66M€2.09M▲
Remuneration, social security and pensions62€2.81M€2.98M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€135k€137k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€26k€0▼
Other operating charges640/8€52k€12k▼
Operating profit (loss)9901€1.57M€1.96M▲
Financial income75/76B€42k€42k▲
Recurring financial income75€42k€42k▲
Income from current assets751€42k€41k▼
Other financial income752/9€764€2k▲
Financial charges65/66B€59k€59k▲
Recurring financial charges65€59k€59k▲
Debt charges650€35k€30k▼
Other financial charges652/9€24k€30k▲
Profit (loss) for the period before taxes9903€1.55M€1.94M▲
Income taxes67/77€408k€499k▲
Taxes670/3€408k€500k▲
Tax adjustments and reversals of tax provisions77-€412
Profit (loss) for the period9904€1.15M€1.44M▲
Profit (loss) for the period to be appropriated9905€1.15M€1.44M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.15M€1.44M▲
Transfer to equity691/2€1.15M€1.44M▲
To other reserves6921€1.15M€1.44M▲
Social balance
Average headcount (FTE)908739.942.1▲
The notes to these accounts (75 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
28-07
State Gazette act
Resignations & appointments · MiscellaneousGeneral meeting · Board meeting · Director appointment9 facts ▸
State Gazette act
Resignations & appointments · Miscellaneous
General meeting · Board meeting · Director appointment9 facts ▸
- General meeting, 8 juli 2026
- Board meeting, 8 juli 2026
- Director appointment, NV-EMC (bestuurder)
- Director appointment, NV-EMC (gedelegeerd bestuurder)
- Director resignation, NV-EMC (gedelegeerd bestuurder)
- Permanent representative, Nicolas Verhaeghe
- Power of attorney, Elcla
- Power of attorney, NV-EMC
- Permanent representative, Francis Claeys
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €1.44M ▲25.5%
Operating result €1.96M, net result €1.44M, both a record.
31-12
Financial
Equity above €5MEq €5.40M ▲36.4%
8 profitable years in a row build equity to €5.40M.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 20 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Equity above €2MEq €2.81M ▲52.4%
6 profitable years in a row build equity to €2.81M.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €181k ▼52%
Net result drops to €181k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
NV-EMC
CurrentDirector · since 08-07-2026 · Private limited company · perm. rep.: Nicolas Verhaeghe
08-07-2026
Appointed as Director
08-07-2026
Appointed as Managing director
07-07-2026
Resigned as Managing director
Location & real-estate footprint
Registered office, Brugge · 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.
Gotevlietstraat 188000 BruggeGround area
5,033 m²
Building footprint
2,299 m²
Volume, LiDAR
10,709 m³
Parcel 31810N0209/00P000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VAN VOOREN BV
since 19862.034.645.571
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31810N0209/00P000 | Flanders | 5,033 m² | 1 · 2,299 m² | 7.9 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.
Structure & network
Ownership & control
1 partyControl over this companysits on this company's board1
1 subsidiary · 1 location
controls
VAN VOORENBE 0429.491.155
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 5,104 EUR awarded · 5,026 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 197 EUR |
| 2024 | 1 | 3,829 EUR | 3,607 EUR |
| 2023 | 1 | 373 EUR | 877 EUR |
| 2022 | 1 | 902 EUR | 345 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
5 categoriesVAN VOOREN BV22056
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Of 1,221 companies in sector 33200 we hold annual accounts for 675. 157 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-09-1986
Fiscal year end31-12
Activities, NACEBEL
33200Installation of industrial machinery and equipment
43211General electrical installation work
45310
27900Manufacture of electrical equipment
28250Manufacture of machinery and equipment not elsewhere classified
42220Construction of utility projects for electricity and telecommunications
46643Wholesale of electrical equipment, including installation materials
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.