DAVID VANDERMEULEN
ActiveSummary
DAVID VANDERMEULEN has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €665k and a net result of €231k. Equity is growing by ~26% per year across the filed fiscal years. Its solvency ranks better than 63% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▲+1
Solvency91▼-9
Growth52=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 1.75 against 4.08 in 2024; short-term debt: 34.4% and cash: 14.1% of total assets), and 34.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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
65.6%
Return on assets
22.8%
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 23-05-2026, 69 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
69 d early
2024
68 d early
2023
72 d early
2022
125 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€665k▲ 1.6%
2024 · €655k
2022: €301klowest in 4 years
2023: €473k▲ +57.0% vs 2022
2024: €655k▲ +38.5% vs 2023
2025: €665k▲ +1.6% vs 2024highest in 4 years
2022 → 2025
Total assets
€1.01M▲ 21.6%
2024 · €834k
2022: €433klowest in 4 years
2023: €700k▲ +61.6% vs 2022
2024: €834k▲ +19.1% vs 2023
2025: €1.01M▲ +21.6% vs 2024highest in 4 years
2022 → 2025
Net result
€231k▲ 26.2%
2024 · €183k
2022: €297khighest in 4 years
2023: €172k▼ -41.9% vs 2022lowest in 4 years
2024: €183k▲ +6.0% vs 2023
2025: €231k▲ +26.2% vs 2024
2022 → 2025
Working capital
€261k▼ 52.6%
2024 · €551k
2022: €286k
2023: €477k▲ +66.8% vs 2022
2024: €551k▲ +15.6% vs 2023highest in 4 years
2025: €261k▼ -52.6% vs 2024lowest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€301k-€473k▲ 57.0%€655k▲ 38.5%€665k▲ 1.6%
2022: €301klowest in 4 years
2023: €473k▲ +57.0% vs 2022
2024: €655k▲ +38.5% vs 2023
2025: €665k▲ +1.6% vs 2024highest in 4 years
Operating result€408k-€247k▼ 39.4%€259k▲ 5.0%€285k▲ 9.8%
2022: €408khighest in 4 years
2023: €247k▼ -39.4% vs 2022lowest in 4 years
2024: €259k▲ +5.0% vs 2023
2025: €285k▲ +9.8% vs 2024
Net result€297k-€172k▼ 41.9%€183k▲ 6.0%€231k▲ 26.2%
2022: €297khighest in 4 years
2023: €172k▼ -41.9% vs 2022lowest in 4 years
2024: €183k▲ +6.0% vs 2023
2025: €231k▲ +26.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 10% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.01M
Fixed assets
€404k ▲ 290%
Current assets
€610k ▼ 16.5%
Equity and liabilities €1.01M
Equity
€665k ▲ 1.6%
Debt
€349k ▲ 94.7%
Debt's share of the balance-sheet total rises from 21.5% to 34.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€309k▲
2024 · €261k
Cash flow
€255k▲
2024 · €184k
Current ratio
1.75▼
2024 · 4.08
Debt to equity
0.52▲
2024 · 0.27
ROE
34.7%▲
2024 · 27.9%
ROA
22.8%▲
2024 · 21.9%
Interest coverage
559.05▼
2024 · 4632.35
Debt ≤ 1 year
€349k▲
2024 · €179k
Income taxes
€78k▼
2024 · €93k
Staff costs
€51k▼
2024 · €53k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€834k€1.01M▲
Fixed assets21/28€104k€404k▲
Tangible fixed assets22/27€4k€182k▲
Furniture and vehicles24€4k€182k▲
Financial fixed assets28€100k€222k▲
Current assets29/58€730k€610k▼
Amounts receivable after more than one year29€288k€286k▼
Other amounts receivable291€288k€286k▼
Amounts receivable within one year40/41€79k€180k▲
Trade receivables40€10k€500▼
Other amounts receivable41€69k€180k▲
Cash at bank and in hand54/58€361k€143k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€834k€1.01M▲
Equity10/15€655k€665k▲
Contributions10/11€5k€5k=
Capital10€5k€5k=
Issued capital100€5k€5k=
Reserves13€649k€649k=
Distributable reserves133€649k€649k=
Profit (loss) carried forward14€541€11k▲
Amounts payable17/49€179k€349k▲
Amounts payable within one year42/48€179k€349k▲
Trade debts44€7k€23▼
Suppliers440/4€7k€23▼
Taxes, remuneration and social security45€171k€162k▼
Taxes450/3€168k€155k▼
Remuneration and social security454/9€3k€7k▲
Other amounts payable47/48€731€187k▲
Income statement
Code20242025
Remuneration, social security and pensions62€53k€51k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€24k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€315k€361k▲
Operating profit (loss)9901€259k€285k▲
Financial income75/76B€16k€25k▲
Recurring financial income75€16k€25k▲
Financial charges65/66B€56€553▲
Recurring financial charges65€56€553▲
Profit (loss) for the period before taxes9903€275k€309k▲
Income taxes67/77€93k€78k▼
Profit (loss) for the period9904€183k€231k▲
Profit (loss) for the period to be appropriated9905€183k€231k▲
Appropriation of the result
Profit (loss) to be appropriated9906€184k€231k▲
Profit (loss) brought forward from the previous period14P€2k€541▼
Transfer to equity691/2€183k-
To other reserves6921€183k-
Profit to be distributed694/7€833€220k▲
Return on contributions (dividend)694€833€220k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €65k | €43k | €53k | €51k | ▼ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €15k | €2k | €24k | ▲ 1,365% |
| Other operating charges640/8 | €3k | €1k | €1k | €1k | ▲ 3.3% |
| Gross operating margin9900 | €491k | €305k | €315k | €361k | ▲ 14.6% |
| Operating profit (loss)9901 | €408k | €247k | €259k | €285k | ▲ 9.8% |
| Financial income75/76B | €4k | €13k | €16k | €25k | ▲ 54.0% |
| Recurring financial income75 | €4k | €13k | €16k | €25k | ▲ 54.0% |
| Financial charges65/66B | €386 | €329 | €56 | €553 | ▲ 880% |
| Recurring financial charges65 | €386 | €329 | €56 | €553 | ▲ 880% |
| Profit (loss) for the period before taxes9903 | €411k | €259k | €275k | €309k | ▲ 12.2% |
| Income taxes67/77 | €114k | €87k | €93k | €78k | ▼ 15.5% |
| Profit (loss) for the period9904 | €297k | €172k | €183k | €231k | ▲ 26.2% |
| Profit (loss) for the period to be appropriated9905 | €297k | €172k | €183k | €231k | ▲ 26.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €433k | €700k | €834k | €1.01M | ▲ 21.6% |
| Fixed assets21/28 | €16k | €2k | €104k | €404k | ▲ 290% |
| Tangible fixed assets22/27 | €16k | €2k | €4k | €182k | ▲ 4,992% |
| Furniture and vehicles24 | €16k | €2k | €4k | €182k | ▲ 4,992% |
| Financial fixed assets28 | - | - | €100k | €222k | ▲ 122% |
| Current assets29/58 | €417k | €698k | €730k | €610k | ▼ 16.5% |
| Amounts receivable after more than one year29 | €200k | €289k | €288k | €286k | ▼ 0.4% |
| Other amounts receivable291 | €200k | €289k | €288k | €286k | ▼ 0.4% |
| Amounts receivable within one year40/41 | €24k | €1k | €79k | €180k | ▲ 127% |
| Trade receivables40 | €1k | - | €10k | €500 | ▼ 95.0% |
| Other amounts receivable41 | €23k | €1k | €69k | €180k | ▲ 159% |
| Current investments50/53 | €192k | - | - | - | - |
| Cash at bank and in hand54/58 | - | €408k | €361k | €143k | ▼ 60.4% |
| Deferred charges and accrued income490/1 | - | €227 | €2k | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €433k | €700k | €834k | €1.01M | ▲ 21.6% |
| Equity10/15 | €301k | €473k | €655k | €665k | ▲ 1.6% |
| Contributions10/11 | €5k | €5k | €5k | €5k | = |
| Capital10 | €5k | €5k | €5k | €5k | = |
| Issued capital100 | €5k | €5k | €5k | €5k | = |
| Reserves13 | €295k | €466k | €649k | €649k | = |
| Distributable reserves133 | €295k | €466k | €649k | €649k | = |
| Profit (loss) carried forward14 | €1k | €2k | €541 | €11k | ▲ 1,973% |
| Amounts payable17/49 | €132k | €227k | €179k | €349k | ▲ 94.7% |
| Amounts payable within one year42/48 | €131k | €221k | €179k | €349k | ▲ 94.7% |
| Trade debts44 | - | €299 | €7k | €23 | ▼ 99.7% |
| Suppliers440/4 | - | €299 | €7k | €23 | ▼ 99.7% |
| Taxes, remuneration and social security45 | €130k | €216k | €171k | €162k | ▼ 5.5% |
| Taxes450/3 | €130k | €204k | €168k | €155k | ▼ 7.8% |
| Remuneration and social security454/9 | - | €11k | €3k | €7k | ▲ 114% |
| Other amounts payable47/48 | €560 | €6k | €731 | €187k | ▲ 25,490% |
| Accrued charges and deferred income492/3 | €1k | €6k | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €297k | €172k | €183k | €231k | ▲ 26.2% |
| + Depreciation and write-downs630 | €15k | €15k | €2k | €24k | ▲ 1,365% |
| Operating cash flow (approximation) | €312k | €187k | €184k | €255k | ▲ 38.2% |
| Investment in fixed assets (approximation) | - | €-1 | €-103k | €-325k | ▼ 214% |
| Change in cash | - | - | €-47k | €-218k | ▼ 367% |
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
23-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500kEq €655k ▲38.5%
3 profitable years in a row build equity to €655k.
21-10
State Gazette act
Board meeting · Director resignation
Director appointment
23-07
State Gazette act
Board meeting · Director appointment
Permanent representative · Power of attorney
20-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €172k ▼41.9%
Net result drops to €172k, the lowest in the series; recovery starts the following year.
03-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 125 days late
2021
31-05
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
31-05
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Deinze · 1 establishment unit since 2021
Ground area
2,308 m²
Building footprint
218 m²
Volume, LiDAR
1,462 m³
Parcel 44070A0285/00F000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DAVID VANDERMEULEN
since 20212.312.518.701
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44070A0285/00F000 | Flanders | 2,308 m² | 1 · 218 m² | 9.5 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.
Structure & network
Connections & network
1 connected companyLinked via shared directors
Shared director
→
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,375 EUR awarded · 939 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,375 EUR | 939 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
894500JEVPPYLSB6GN10
Similar companies · same sector, comparable size
N.C.I.
BE 0438.476.127
Brussel · Eq €665,287
SADOINE C&A
BE 0845.944.819
Tournai · Eq €664,188
ROSY MANAGEMENT
BE 0806.199.563
Chaumont-Gistoux · Eq €666,563
DS Pharma Services
BE 0888.667.379
Oud-Turnhout · Eq €666,928
EXTRAM
BE 0841.532.705
Namur · Eq €667,133
Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 5,361 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
Founded19-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
47812Retail trade
46180Agents specialised in the wholesale of other particular products
77110Renting and leasing of cars and light motor vehicles
Contact
E-mail
dvandermeulen@bmbe.be
Phone
0477209916
Scores and ratios are computed by Checked and are not a credit decision.