ETION LEDENWERKING VZW
ActiveETION LEDENWERKING VZW has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €994k and a net result of €0. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 33% of 470 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
66
/ 100
Healthy▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency95▼-1
Growth78=
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 2.31 against 2.59 in 2023), but 50.4% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 94
Relative position
BE, all sectors
reference
Sector 94
lower
← 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 2024Solvency, return and age of the figures
Solvency
49.6%
Return on assets
0%
Age of the figures
20 mo
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 23-05-2025, 69 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
69 d early
2023
68 d early
2022
67 d early
2021
61 d early
2020
60 d early
2019
64 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€994k=
2023 · €994k
2020: €989k
2022: €994k
2023: €994k
2020 → 2024
Total assets
€2.01M▲ 3.1%
2023 · €1.94M
2020: €1.37M
2022: €1.85M
2023: €1.94M
2020 → 2024
Net result
€0
2023 · €0
2020: €-115k
2022: €0
2023: €0
2020 → 2024
Working capital
€1.08M▼ 4.4%
2023 · €1.13M
2020: €997k
2022: €1.29M
2023: €1.13M
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202220232024Trend
Equity€989k-€994k▲ 0.5%€994k=€994k=
Operating result€-115k-€449€78▼ 82.6%€-256
Net result€-115k-€0€0€0
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €256 after €78 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.01M
Fixed assets
€108k▲ 2.0%
Current assets
€1.90M▲ 3.2%
Equity and liabilities €2.01M
Equity
€994k=
Debt
€1.01M▲ 6.4%
The debt ratio rises from 48.9% to 50.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€34k▲
2023 · €15k
Cash flow
€35k▲
2023 · €15k
Solvency
49.6%▼
2023 · 51.1%
Current ratio
2.31▼
2023 · 2.59
Quick ratio
2.31▼
2023 · 2.59
Debt / equity
1.02▲
2023 · 0.96
ROE
0.0%=
2023 · 0.0%
ROA
0.0%=
2023 · 0.0%
Interest coverage
88.40▲
2023 · 14.31
Debt
€1.01M▲
2023 · €950k
Debt ≤ 1 year
€820k▲
2023 · €711k
Staff costs
€3.20M▲
2023 · €3.07M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.94M€2.01M▲
Fixed assets21/28€106k€108k▲
Intangible fixed assets21€98k€93k▼
Tangible fixed assets22/27€8k€15k▲
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€8k€15k▲
Current assets29/58€1.84M€1.90M▲
Amounts receivable within one year40/41€1.45M€876k▼
Trade receivables40€221k€123k▼
Other amounts receivable41€1.23M€753k▼
Cash at bank and in hand54/58€186k€437k▲
Deferred charges and accrued income490/1€205k€585k▲
Equity and liabilities
Total equity and liabilities10/49€1.94M€2.01M▲
Equity10/15€994k€994k=
Contributions10/11€477k€477k=
Capital10€477k€477k=
Reserves13€64k€64k=
Profit (loss) carried forward14€453k€453k=
Amounts payable17/49€950k€1.01M▲
Amounts payable within one year42/48€711k€820k▲
Trade debts44€159k€328k▲
Suppliers440/4€159k€328k▲
Bills of exchange payable441€0€0=
Taxes, remuneration and social security45€552k€492k▼
Taxes450/3€107k€88k▼
Remuneration and social security454/9€444k€404k▼
Accrued charges and deferred income492/3€239k€192k▼
Income statement
Code20232024
Remuneration, social security and pensions62€3.07M€3.20M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€35k▲
Other operating charges640/8€1k€645▼
Non-recurring operating charges66A€15k-
Gross operating margin9900€3.10M€3.24M▲
Operating profit (loss)9901€78€-256▼
Financial income75/76B€992€645▼
Recurring financial income75€992€645▼
Financial charges65/66B€1k€389▼
Recurring financial charges65€1k€389▼
Profit (loss) for the period before taxes9903€0€0=
Profit (loss) for the period9904€0€0=
Profit (loss) for the period to be appropriated9905€0€0=
Appropriation of the result
Profit (loss) to be appropriated9906€453k€453k=
Profit (loss) brought forward from the previous period14P€453k€453k=
Social balance
Average headcount (FTE)908726.927.8▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
21-08
State Gazette act
Resignations & appointmentsGeneral meeting · Approval · Director discharge19 facts ▸
State Gazette act
Resignations & appointments
General meeting · Approval · Director discharge19 facts ▸
- General meeting, 2026-05-21
- Approval, jaarrekening, 2025
- Approval, begroting
- Director discharge, Tom Willemen
- Director discharge, Dirk Mertens
- Director resignation, Tom Willemen (bestuurder)
- Director resignation, Dirk Mertens (bestuurder)
- Director reappointment, Tom Willemen (bestuurder)
- Director reappointment, Dirk Mertens (bestuurder)
- Board composition, bestuurder, 2026-05-21
- Board composition, voorzitter, 2026-05-21
- Board composition, bestuurder, 2026-05-21
- +7 further facts in this act
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
State Gazette actNBB filing
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26107438). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Gino Vijncke
CurrentDagelijks bestuur · since 21-05-2026
Dirk Mertens
CurrentDirector
Tom Willemen
CurrentDirector
21-05-2026
Gino Vijncke: Appointed as Dagelijks bestuur
21-05-2026
Dirk Mertens: Resigned as Director
21-05-2026
Tom Willemen: Resigned as Director
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2006
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.
Sneeuwbeslaan 202610 AntwerpenGround area
1.5 ha
Building footprint
3,529 m²
Volume, LiDAR
41,768 m³
Parcel 11051B0041/00W000, Flanders · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
VKW LEDENWERKING vzw
since 20062.157.863.384
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11051B0041/00W000 | Flanders | 1.5 ha | 1 · 3,529 m² | 16.4 m · 4 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
Connections & network
24 connected companiesLinked via shared directors
viaTom Willemen · Managing director
→
viaTom Willemen · Director
→
viaDirk Mertens · Director
→
viaTom Willemen · Director
→
Show 20 more companies with a shared director
viaTom Willemen · Director
former→
viaDirk Mertens · Director
former→
viaTom Willemen · Director
former→
viaDirk Mertens · Director
former→
viaDirk Mertens · Director
former→
viaDirk Mertens · Director
former→
viaTom Willemen · Director
former→
viaTom Willemen · Director
former→
viaTom Willemen · Administrateur et administrateur délégué
former→
viaTom Willemen · Representative
former→
viaDirk Mertens · Director
former→
viaTom Willemen · Director
former→
viaDirk Mertens · Director
former→
viaDirk Mertens · Director
former→
viaDirk Mertens · Director
former→
viaTom Willemen · Permanent representative
former→
viaTom Willemen · Director
former→
viaTom Willemen · Director
former→
viaTom Willemen · Director
former→
viaTom Willemen · Director
former→
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Of 1,251 companies in sector 94110 we hold annual accounts for 576. 484 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded02-04-2004
Fiscal year end31-12
Activities, NACEBEL
94110Activities of business and employers' organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 21 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.