VAN BELLEGHEM MATHIEU
ActiveThe computed 12-month bankruptcy probability of VAN BELLEGHEM MATHIEU is 1.5% (moderate). The 2025 annual accounts show equity of €205k and a net result of €90k. Equity is growing by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 66% of 473 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
83
/ 100
Excellent▼ -17 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency86▼-13
Growth78=
Stability100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 1.6 against 2.44 in 2024), but 50.8% 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
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
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
49.2%
Return on assets
21.6%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
29 d late
2022
30 d late
2021
11 d early
2020
30 d late
← 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€205k▼ 14.7%
2024 · €240k
2020: €73k
2021: €114k
2022: €161k
2023: €193k
2024: €240k
2020 → 2025
Total assets
€416k▲ 8.7%
2024 · €383k
2020: €253k
2021: €299k
2022: €258k
2023: €278k
2024: €383k
2020 → 2025
Net result
€90k▼ 6.9%
2024 · €96k
2020: €58k
2021: €41k
2022: €47k
2023: €33k
2024: €96k
2020 → 2025
Working capital
€114k▼ 21.1%
2024 · €144k
2020: €27k
2021: €43k
2022: €84k
2023: €127k
2024: €144k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€114k-€161k▲ 40.8%€193k▲ 20.4%€240k▲ 24.0%€205k▼ 14.7%
Operating result€47k-€58k▲ 21.3%€41k▼ 28.8%€120k▲ 192%€117k▼ 2.4%
Net result€41k-€47k▲ 14.0%€33k▼ 29.6%€96k▲ 194%€90k▼ 6.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €416k
Fixed assets
€114k▼ 17.6%
Current assets
€302k▲ 23.6%
Equity and liabilities €416k
Equity
€205k▼ 14.7%
Debt
€212k▲ 48.0%
The debt ratio rises from 37.4% to 50.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€151k▼
2024 · €160k
Cash flow
€124k▼
2024 · €137k
Solvency
49.2%▼
2024 · 62.6%
Current ratio
1.60▼
2024 · 2.44
Quick ratio
1.40▼
2024 · 1.69
Debt / equity
1.03▲
2024 · 0.60
ROE
43.9%▲
2024 · 40.2%
ROA
21.6%▼
2024 · 25.2%
Interest coverage
46.48▼
2024 · 61.69
Debt
€212k▲
2024 · €143k
Debt ≤ 1 year
€188k▲
2024 · €100k
Debt > 1 year
€23k▼
2024 · €43k
Income taxes
€28k▲
2024 · €25k
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€383k€416k▲
Fixed assets21/28€138k€114k▼
Intangible fixed assets21€15k€12k▼
Tangible fixed assets22/27€123k€102k▼
Plant, machinery and equipment23€11k€7k▼
Furniture and vehicles24€70k€49k▼
Leasing and similar rights25€0-
Other tangible fixed assets26€42k€46k▲
Current assets29/58€244k€302k▲
Stocks and contracts in progress3€75k€38k▼
Stocks30/36€10k€10k▼
Contracts in progress37€65k€28k▼
Amounts receivable within one year40/41€53k€91k▲
Trade receivables40€16k€59k▲
Other amounts receivable41€37k€32k▼
Cash at bank and in hand54/58€115k€172k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€383k€416k▲
Equity10/15€240k€205k▼
Contributions10/11€15k€15k=
Reserves13€225k€190k▼
Distributable reserves133€225k€190k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€143k€212k▲
Amounts payable after more than one year17€43k€23k▼
Financial debts170/4€43k€23k▼
Amounts payable within one year42/48€100k€188k▲
Current portion of amounts payable after more than one year42€27k€20k▼
Trade debts44€19k€18k▼
Suppliers440/4€19k€18k▼
Taxes, remuneration and social security45€5k€24k▲
Taxes450/3€2k€21k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€50k€127k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€35k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€161k€154k▼
Operating profit (loss)9901€120k€117k▼
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€122k€117k▼
Income taxes67/77€25k€28k▲
Profit (loss) for the period9904€96k€90k▼
Profit (loss) for the period to be appropriated9905€96k€90k▼
Appropriation of the result
Profit (loss) to be appropriated9906€96k€90k▼
Transfer from equity791/2-€125k
Transfer to equity691/2€46k€90k▲
To other reserves6921€46k€90k▲
Profit to be distributed694/7€50k€125k▲
Return on contributions (dividend)694€50k€125k▲
The notes to these accounts (13 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Highest result since 2020net €96k ▲194%
Operating result €120k, net result €96k, both a record.
31-12
Financial
Equity above €200kEq €240k ▲24%
5 profitable years in a row build equity to €240k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €33k ▼29.6%
Net result drops to €33k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Equity above €150kEq €161k ▲40.8%
3 profitable years in a row build equity to €161k.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100kEq €114k ▲55.7%
2 profitable years in a row build equity to €114k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wingene · 1 establishment unit since 2020
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.
Bosveldstraat 258750 WingeneGround area
7,426 m²
Building footprint
177 m²
Volume, LiDAR
253 m³
Parcel 37019A0556/00G000, Flanders · tallest building 6.2 m. Linked by address, not a title deed.
1 establishment unit
VAN BELLEGHEM MATHIEU
since 20202.300.745.473
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37019A0556/00G000 | Flanders | 7,426 m² | 1 · 177 m² | 6.2 m |
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.
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Of 876 companies in sector 33110 we hold annual accounts for 435. 326 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-01-2020
Fiscal year end31-12
Activities, NACEBEL
33110Repair and maintenance of fabricated metal products
01199Crop and animal production, hunting and related service activities
01290Crop and animal production, hunting and related service activities
01410Raising of dairy cattle
01462Crop and animal production, hunting and related service activities
01480Raising of other animals
01490Crop and animal production, hunting and related service activities
01620Support activities for animal production
43221Plumbing work
46831Wholesale of construction materials, general range
46842Wholesale trade
47527Retail trade
95220Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 6 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.