VAN BOGAERT
ActiveSummary
VAN BOGAERT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17.21M and a net result of €1.55M. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 68% of 643 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▼-8
Solvency78▲+4
Growth38▼-14
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.15M at 30 days acceptable
Liquidity ample (current ratio 1.97 against 1.9 in 2024; short-term debt: 36.2% and cash: 3.1% of total assets), and 47% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
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
53%
Return on assets
4.8%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 10 filingsDeviation from the deadline
2025
21 d late
2024
13 d late
2023
28 d late
2022
30 d late
2020
5 d late
2019
16 d early
2018
21 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€108.09M▲ 0.1%
2024 · €107.95M
2022: €134.22M
2023: €98.45M
2024: €107.95M
2022 → 2025
EBIT margin
1.7%▼ 2.2pp
2024 · 3.8%
2022: 2.6%
2023: 2.3%
2024: 3.8%
2022 → 2025
Net result
€1.55M▼ 54.5%
2024 · €3.41M
2018: €1.66M
2019: €1.39M
2020: €1.30M
2022: €2.52M
2023: €1.86M
2024: €3.41M
2018 → 2025
Working capital
€11.40M▲ 8.7%
2024 · €10.49M
2018: €5.05M
2019: €6.48M
2020: €6.45M
2022: €7.59M
2023: €8.05M
2024: €10.49M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Turnover€134.22M€98.45M▼ 26.7%€107.95M▲ 9.6%€108.09M▲ 0.1%
Equity€9.25M-€10.72M▲ 15.8%€12.49M▲ 16.6%€15.83M▲ 26.7%€17.21M▲ 8.8%
Operating result€1.46M-€3.43M▲ 134%€2.22M▼ 35.4%€4.15M▲ 87.1%€1.80M▼ 56.7%
Net result€1.30M-€2.52M▲ 94.5%€1.86M▼ 26.4%€3.41M▲ 83.8%€1.55M▼ 54.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 57% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32.46M
Fixed assets
€9.30M ▼ 8.7%
Current assets
€23.17M ▲ 4.6%
Equity and liabilities €32.46M
Equity
€17.21M ▲ 8.8%
Provisions
€6k ▼ 96.3%
Debt
€15.24M ▼ 6.8%
Debt's share of the balance-sheet total falls from 50.6% to 47.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3.09M▼
2024 · €5.38M
Cash flow
€2.85M▼
2024 · €4.65M
Current ratio
1.97▲
2024 · 1.90
Quick ratio
1.93▲
2024 · 1.87
Debt to equity
0.89▼
2024 · 1.03
ROE
9.0%▼
2024 · 21.6%
ROA
4.8%▼
2024 · 10.6%
Interest coverage
48.48▼
2024 · 75.80
Debt ≤ 1 year
€11.76M▲
2024 · €11.67M
Debt > 1 year
€3.41M▼
2024 · €4.63M
Income taxes
€454k▼
2024 · €1.06M
Staff costs
€1.47M▲
2024 · €994k
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 · 87 lines
Balance sheet
Code20242025
Assets
Total assets20/58€32.34M€32.46M▲
Fixed assets21/28€10.19M€9.30M▼
Tangible fixed assets22/27€10.19M€9.30M▼
Land and buildings22€3.89M€3.78M▼
Plant, machinery and equipment23€6.25M€5.50M▼
Furniture and vehicles24€44k€18k▼
Financial fixed assets28€280€280=
Other financial fixed assets284/8€280€280=
Shares284€255€255=
Amounts receivable and cash guarantees285/8€25€25=
Current assets29/58€22.16M€23.17M▲
Stocks and contracts in progress3€390k€507k▲
Stocks30/36€390k€507k▲
Raw materials and consumables30/31€263k€250k▼
Finished goods33€127k€257k▲
Amounts receivable within one year40/41€21.65M€21.62M▼
Trade receivables40€16.70M€16.84M▲
Other amounts receivable41€4.95M€4.78M▼
Cash at bank and in hand54/58€46k€1.01M▲
Deferred charges and accrued income490/1€74k€28k▼
Equity and liabilities
Total equity and liabilities10/49€32.34M€32.46M▲
Equity10/15€15.83M€17.21M▲
Contributions10/11€1.01M€1.01M=
Capital10€1.01M€1.01M=
Issued capital100€1.01M€1.01M=
Reserves13€14.22M€15.69M▲
Non-distributable reserves130/1€101k€101k=
Legal reserve130€101k€101k=
Tax-exempt reserves132€842k€1.81M▲
Distributable reserves133€13.28M€13.78M▲
Investment grants15€592k€511k▼
Provisions and deferred taxes16€155k€6k▼
Provisions for liabilities and charges160/5€155k€6k▼
Other liabilities and charges164/5€155k€6k▼
Amounts payable17/49€16.36M€15.24M▼
Amounts payable after more than one year17€4.63M€3.41M▼
Financial debts170/4€4.63M€3.41M▼
Credit institutions173€4.63M€3.41M▼
Amounts payable within one year42/48€11.67M€11.76M▲
Current portion of amounts payable after more than one year42€1.20M€1.22M▲
Trade debts44€10.25M€9.87M▼
Suppliers440/4€10.25M€9.87M▼
Taxes, remuneration and social security45€214k€353k▲
Taxes450/3€37k€49k▲
Remuneration and social security454/9€177k€303k▲
Other amounts payable47/48-€323k
Accrued charges and deferred income492/3€64k€68k▲
Income statement
Code20242025
Operating income70/76A€107.56M€108.29M▲
Turnover70€107.95M€108.09M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-406k€130k▲
Other operating income74€25k€72k▲
Operating charges60/66A€103.42M€106.50M▲
Goods for resale, raw materials and consumables60€93.66M€95.40M▲
Purchases600/8€93.77M€95.39M▲
Change in stocks: decrease (increase)609€-109k€13k▲
Services and other goods61€7.57M€8.41M▲
Remuneration, social security and pensions62€994k€1.47M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.24M€1.30M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€53k-
Provisions for liabilities and charges: additions (uses and reversals)635/8€-152k€-149k▲
Other operating charges640/8€47k€64k▲
Operating profit (loss)9901€4.15M€1.80M▼
Financial income75/76B€492k€286k▼
Recurring financial income75€489k€286k▼
Income from financial fixed assets750€10€10=
Income from current assets751€229k€143k▼
Other financial income752/9€260k€143k▼
Non-recurring financial income76B€2k€168▼
Financial charges65/66B€168k€75k▼
Recurring financial charges65€168k€75k▼
Debt charges650€71k€64k▼
Other financial charges652/9€97k€11k▼
Non-recurring financial charges66B€1€14▲
Profit (loss) for the period before taxes9903€4.47M€2.01M▼
Income taxes67/77€1.06M€454k▼
Taxes670/3€1.07M€454k▼
Tax adjustments and reversals of tax provisions77€8k€169▼
Profit (loss) for the period9904€3.41M€1.55M▼
Transfer from tax-exempt reserves789€187k€31k▼
Transfer to tax-exempt reserves689-€998k
Profit (loss) for the period to be appropriated9905€3.60M€586k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.60M€586k▼
Transfer to equity691/2€3.60M€500k▼
To other reserves6921€3.60M€500k▼
Profit to be distributed694/7-€86k
Directors or managers695-€86k
Social balance
Average headcount (FTE)908712.517.5▲
The notes to these accounts (65 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 21 days late
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 13 days late
2024
31-12
Financial
Highest result since 2018net €3.41M ▲83.8%
Operating result €4.15M, net result €3.41M, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
30-12
Financial
Equity above €10MEq €10.72M ▲15.8%
4 profitable years in a row build equity to €10.72M.
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 5 days late
2020
31-12
Financial
Weakest financial yearnet €1.30M ▼6.4%
Net result drops to €1.30M, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Zele · 1 establishment unit since 2021
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.
Poldergotestraat 289240 ZeleGround area
1.6 ha
Building footprint
3,953 m²
Volume, LiDAR
77 m³
Parcel 42028A1514/00A002, Flanders · tallest building 6.7 m. Linked by address, not a title deed.
1 establishment unit
VAN BOGAERT
since 20212.310.621.162
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028A1514/00A002 | Flanders | 1.6 ha | 1 · 3,953 m² | 6.7 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 12,151 EUR awarded · 12,151 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,193 EUR | 1,193 EUR |
| 2023 | 1 | 0 EUR | 10,958 EUR |
| 2022 | 1 | 10,958 EUR | 0 EUR |
Schemes
Call groene stroom (stopgezet)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
1 siteZele2.310.621.162
Legal Entity Identifier
699400OC1UL1CI6DGB84
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NEW VEPELI
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Of 328 companies in sector 10130 we hold annual accounts for 233. 82 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-05-2005
Fiscal year end31-12
Activities, NACEBEL 2025
10130Manufacture of food products
46321Wholesale of meat and meat products, excluding game and poultry
47221Retail sale of meat and meat products, excluding game and poultry
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.