Checked.be
Active
BE 0666.812.246Private limited company
DAVE VINCK
Azalealaan 32 ·2390 Malle, Belgium· 9 yrs active
Sector: Plumbing work
(43221)
Conclusion
DAVE VINCK has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €29k and a net result of €15k. Equity is shrinking by ~10% per year across the filed fiscal years. Its solvency ranks better than 73% of 36383 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €29k |
| Net result | €15k |
| Better than sector | 73% |
| Active | 9 yrs |
Financial profile
86
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
100
Solvency
100
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2016, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€3k
estimate, not credit advice
Score history
93
2021
93
2022
37
2023
100
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.08 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.96 (≥ 1.0)
+5
Leverage
Debt/equity 0.48 (< 1.0)
+10
Profitability
ROE 50% (≥ 10%)
+10
Interest coverage
Interest coverage 10.7× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 27-06-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~10%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 67.6% | 46.6% | |
| Net result | €15k | €9k | |
| Equity | €29k | €58k | |
| Gross operating margin | €19k | €38k | |
| Total assets | €43k | €140k |
€19k
-
21-24
€15k
-
21-24
€15k
-
21-24
€43k
-13.4%
21-24
€29k
+80.3%
21-24
€29k
+83.6%
21-24
€3k
+2980.7%
21-24
€2k
+108.3%
21-24
€14k
-58.4%
21-24
€14k
-58.4%
21-24
3.08
+109.4%
21-24
2.96
+123.6%
21-24
67.6%
+108.1%
21-24
0.48
-76.9%
21-24
50.3%
-
21-24
34.0%
-
21-24
10.73
-
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €19k | €-9k | €13k | €25k |
| Net profit | €15k | €-10k | €7k | €16k |
| Cash flow | €15k | €-10k | €8k | €17k |
| Staff costs | - | - | - | - |
| Income taxes | €3k | €81 | €3k | €7k |
| Dividends | €2k | - | €800 | - |
| Total assets | €43k | €50k | €56k | €56k |
| Equity | €29k | €16k | €39k | €33k |
| Debt | €14k | €34k | €17k | €23k |
| of which ≤ 1y | €14k | €34k | €16k | €22k |
| of which > 1y | - | - | - | - |
| Working capital | €29k | €16k | €38k | €31k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 3.08 | 1.47 | 3.44 | 2.39 |
| Quick ratio | 2.96 | 1.32 | 3.07 | 2.17 |
| Working capital ratio | 67.6% | 31.9% | 68.6% | 56.1% |
| Solvency | 67.6% | 32.5% | 69.7% | 59.2% |
| Debt / equity | 0.48 | 2.08 | 0.43 | 0.69 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 10.73 | -9.08 | 9.25 | 17.56 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 34.0% | -20.8% | 12.1% | 29.5% |
| ROE | 50.3% | -64.1% | 17.4% | 49.9% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €43k | €50k | €56k | €56k |
| Fixed assets | 21/28 | - | €289 | €2k | €2k |
| Tangible fixed assets | 22/27 | - | €289 | €2k | €2k |
| Current assets | 29/58 | €43k | €49k | €54k | €54k |
| Stocks & contracts in progress | 3 | €2k | €5k | €6k | €5k |
| Amounts receivable within one year | 40/41 | €18k | €21k | €31k | €14k |
| Cash & bank | 54/58 | €24k | €19k | €15k | €33k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €43k | €50k | €56k | €56k |
| Equity | 10/15 | €29k | €16k | €39k | €33k |
| Contributions / capital | 10/11 | - | - | €12k | €12k |
| Reserves | 13 | €29k | €26k | €26k | €20k |
| Accumulated profits (losses) | 14 | - | €-10k | - | - |
| Amounts payable | 17/49 | €14k | €34k | €17k | €23k |
| Amounts payable within one year | 42/48 | €14k | €34k | €16k | €22k |
| Trade debts payable within one year | 44 | €2k | €17k | €8k | €12k |
| Income statement | |||||
| Gross operating margin | 9900 | €19k | €-9k | €13k | €25k |
| Operating result | 9901 | €19k | €-9k | €11k | €24k |
| Financial income | 75 | €0 | €25 | €0 | €135 |
| Financial charges | 65 | €2k | €971 | €1k | €1k |
| Result before taxes | 9903 | €17k | €-10k | €10k | €23k |
| Income taxes | 67/77 | €3k | €81 | €3k | €7k |
| Net result for the period | 9904 | €15k | €-10k | €7k | €16k |
| Result to be appropriated | 9905 | €15k | €-10k | €7k | €16k |
Legal Structure
| NACE primary | Plumbing work(43221) |
| Legal form | Private limited company(610) |
| Incorporation | 30-11-2016 |
| Status | Active |
| Postal code | 2390 |
Establishment units
DAVE VINCK
since 20162.258.815.343
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11032A0123/00B002 | Flanders | 788 m² | 1 · 129 m² | 8.6 m · 2 fl. |
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.
Updates
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.08
Current ratio from 1.47 to 3.08; short-term debt falls from €34k to €14k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-10k ▼253%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Plumbing work43221General electrical installation work43211
Names & trade names
| Legal nameNL | DAVE VINCK |
Similar companies
BASTIN
BE 0449.308.156 · Namur
ALTIN SOLUTIONS
BE 1022.908.352 · Evergem
LJ SOLUTIONS
BE 0546.727.137 · Pont-à-Celles
SANIQUENT
BE 1003.841.221 · Opwijk
AT ENERGY
BE 0711.765.016 · Evere