Van Gerwen & Vader
ActiveSummary
Van Gerwen & Vader has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €-398. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 45% of 7029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▼-45
Solvency73▲+11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.56 in 2024; short-term debt: 52.2% and cash: 79.9% of total assets), but 52.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.6%
Return on assets
-0.8%
Age of the figures
9 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 03-08-2026, 3 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 · 8 filingsDeviation from the deadline
2025
3 d late
2024
7 d early
2023
37 d early
2022
8 d late
2021
27 d early
2020
4 d late
2019
23 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, micro schema
Equity
€25k▼ 1.6%
2024 · €25k
2018: €73k
2019: €108k
2020: €22k
2021: €23k
2022: €24k
2023: €25k
2024: €25k
2018 → 2025
Total assets
€53k▼ 23.7%
2024 · €69k
2018: €98k
2019: €198k
2020: €207k
2021: €151k
2022: €80k
2023: €85k
2024: €69k
2018 → 2025
Net result
€-398
2024 · €458
2018: €55k
2019: €35k
2020: €1k
2021: €36k
2022: €399
2023: €1k
2024: €458
2018 → 2025
Working capital
€19k▼ 20.7%
2024 · €24k
2018: €72k
2019: €123k
2020: €61k
2021: €21k
2022: €23k
2023: €25k
2024: €24k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€23k-€24k▲ 1.7%€25k▲ 5.9%€25k▲ 1.8%€25k▼ 1.6%
Operating result€46k-€2k▼ 94.8%€4k▲ 56.6%€3k▼ 6.3%€-3k
Net result€36k-€399▼ 98.9%€1k▲ 248%€458▼ 67.1%€-398
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €3k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53k
Fixed assets
€6k ▲ 325%
Current assets
€47k ▼ 31.0%
Equity and liabilities €53k
Equity
€25k ▼ 1.6%
Debt
€27k ▼ 36.7%
Debt's share of the balance-sheet total falls from 63.1% to 52.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▼
2024 · €4k
Cash flow
€623▼
2024 · €1k
Current ratio
1.70▲
2024 · 1.56
Debt to equity
1.10▼
2024 · 1.71
ROE
-1.6%▼
2024 · 1.8%
ROA
-0.8%▼
2024 · 0.7%
Interest coverage
-2.30▼
2024 · 5.19
Debt ≤ 1 year
€27k▼
2024 · €43k
Income taxes
€1k▼
2024 · €2k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€69k€53k▼
Fixed assets21/28€1k€6k▲
Tangible fixed assets22/27€1k€6k▲
Plant, machinery and equipment23€1k€981▼
Furniture and vehicles24€0€5k▲
Current assets29/58€67k€47k▼
Amounts receivable within one year40/41€14k€4k▼
Trade receivables40€13k€3k▼
Other amounts receivable41€335€1k▲
Current investments50/53€25k-
Cash at bank and in hand54/58€28k€42k▲
Deferred charges and accrued income490/1€1k€685▼
Equity and liabilities
Total equity and liabilities10/49€69k€53k▼
Equity10/15€25k€25k▼
Contributions10/11€19k€19k=
Reserves13€6k€6k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€4k€5k▲
Profit (loss) carried forward14€458-
Amounts payable17/49€43k€27k▼
Amounts payable within one year42/48€43k€27k▼
Trade debts44€10k€2k▼
Suppliers440/4€10k€2k▼
Taxes, remuneration and social security45€2k€8k▲
Taxes450/3€2k€8k▲
Other amounts payable47/48€31k€18k▼
Accrued charges and deferred income492/3€100€100=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€734€1k▲
Other operating charges640/8€126€128▲
Gross operating margin9900€4k€-1k▼
Operating profit (loss)9901€3k€-3k▼
Financial income75/76B€0€4k▲
Recurring financial income75€0€4k▲
Financial charges65/66B€809€679▼
Recurring financial charges65€809€679▼
Profit (loss) for the period before taxes9903€3k€910▼
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€458€-398▼
Profit (loss) for the period to be appropriated9905€458€-398▼
Appropriation of the result
Profit (loss) to be appropriated9906€458€60▼
Profit (loss) brought forward from the previous period14P-€458
Transfer to equity691/2-€60
To other reserves6921-€60
The notes to these accounts (5 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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Weakest financial yearnet €-398 ▼187%
Net result drops to €-398, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €108k ▲47.9%
2 profitable years in a row build equity to €108k.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brugge · 1 establishment unit since 2018
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.
Kasteelhoevestraat 268200 BruggeGround area
574 m²
Building footprint
133 m²
Volume, LiDAR
772 m³
Parcel 31424B0609/00F000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Van Gerwen & Vader
since 20182.271.990.418
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31424B0609/00F000 | Flanders | 574 m² | 1 · 133 m² | 9.4 m · 2 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.
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Of 9,860 companies in sector 73110 we hold annual accounts for 3,753. 2,738 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 formPrivate limited company
Founded05-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.