VAN GOETHEM
ActiveVAN GOETHEM has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.62M and a net result of €420k. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 75% of 9039 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▲+3
Solvency93▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity ample (current ratio 1.88 against 3.36 in 2023; short-term debt: 31.9% and cash: 20.9% of total assets), and 32.1% 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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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 2024Solvency, return and age of the figures
Solvency
67.9%
Return on assets
10.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
57 d late
2022
28 d late
2021
30 d late
2020
153 d late
2019
116 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€2.62M▲ 19.1%
2023 · €2.20M
2018: €785k
2019: €885k
2020: €1.26M
2021: €1.47M
2022: €1.94M
2023: €2.20M
2018 → 2024
Total assets
€3.85M▲ 25.0%
2023 · €3.08M
2018: €2.16M
2019: €2.48M
2020: €3.14M
2021: €3.05M
2022: €2.95M
2023: €3.08M
2018 → 2024
Net result
€420k▲ 61.6%
2023 · €260k
2018: €125k
2019: €100k
2020: €376k
2021: €208k
2022: €468k
2023: €260k
2018 → 2024
Working capital
€1.09M▼ 40.4%
2023 · €1.82M
2018: €540k
2019: €647k
2020: €859k
2021: €1.06M
2022: €1.54M
2023: €1.82M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.26M-€1.47M▲ 16.5%€1.94M▲ 31.8%€2.20M▲ 13.4%€2.62M▲ 19.1%
Operating result€478k-€285k▼ 40.4%€628k▲ 121%€346k▼ 44.9%€514k▲ 48.6%
Net result€376k-€208k▼ 44.6%€468k▲ 125%€260k▼ 44.4%€420k▲ 61.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 49% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.85M
Fixed assets
€1.54M▲ 216%
Current assets
€2.32M▼ 10.7%
Equity and liabilities €3.85M
Equity
€2.62M▲ 19.1%
Debt
€1.23M▲ 39.8%
The debt ratio rises from 28.7% to 32.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€643k▲
2023 · €436k
Cash flow
€549k▲
2023 · €350k
Solvency
67.9%▼
2023 · 71.3%
Current ratio
1.88▼
2023 · 3.36
Quick ratio
1.43▼
2023 · 2.58
Debt / equity
0.47▲
2023 · 0.40
ROE
16.0%▲
2023 · 11.8%
ROA
10.9%▲
2023 · 8.4%
Interest coverage
265.22▲
2023 · 216.21
Debt
€1.23M▲
2023 · €883k
Debt ≤ 1 year
€1.23M▲
2023 · €771k
Debt > 1 year
€5k▼
2023 · €88k
Income taxes
€97k▲
2023 · €87k
Staff costs
€321k▲
2023 · €248k
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€3.08M€3.85M▲
Fixed assets21/28€486k€1.54M▲
Tangible fixed assets22/27€484k€1.53M▲
Land and buildings22€193k€193k=
Plant, machinery and equipment23€13k€883k▲
Furniture and vehicles24€277k€457k▲
Financial fixed assets28€2k€2k=
Current assets29/58€2.59M€2.32M▼
Stocks and contracts in progress3€603k€560k▼
Stocks30/36€603k€560k▼
Amounts receivable within one year40/41€1.11M€927k▼
Trade receivables40€885k€696k▼
Other amounts receivable41€230k€231k▲
Cash at bank and in hand54/58€856k€806k▼
Deferred charges and accrued income490/1€20k€22k▲
Equity and liabilities
Total equity and liabilities10/49€3.08M€3.85M▲
Equity10/15€2.20M€2.62M▲
Contributions10/11€317k€317k=
Capital10€317k€317k=
Issued capital100€317k€317k=
Reserves13€1.88M€2.30M▲
Non-distributable reserves130/1€32k€32k=
Legal reserve130€32k€32k=
Tax-exempt reserves132€196k€196k=
Distributable reserves133€1.65M€2.07M▲
Amounts payable17/49€883k€1.23M▲
Amounts payable after more than one year17€88k€5k▼
Financial debts170/4€84k-
Other amounts payable178/9€4k€5k▲
Amounts payable within one year42/48€771k€1.23M▲
Current portion of amounts payable after more than one year42€76k€84k▲
Trade debts44€174k€459k▲
Suppliers440/4€174k€459k▲
Taxes, remuneration and social security45€88k€85k▼
Taxes450/3€62k€48k▼
Remuneration and social security454/9€26k€36k▲
Other amounts payable47/48€433k€602k▲
Accrued charges and deferred income492/3€24k-
Income statement
Code20232024
Remuneration, social security and pensions62€248k€321k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€90k€129k▲
Other operating charges640/8€18k€21k▲
Gross operating margin9900€701k€986k▲
Operating profit (loss)9901€346k€514k▲
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€347k€517k▲
Income taxes67/77€87k€97k▲
Profit (loss) for the period9904€260k€420k▲
Profit (loss) for the period to be appropriated9905€260k€420k▲
Appropriation of the result
Profit (loss) to be appropriated9906€260k€420k▲
Transfer to equity691/2€260k€420k▲
To other reserves6921€260k€420k▲
Social balance
Average headcount (FTE)90875.05.9▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 57 days late
2023
31-12
Financial
Equity above €2MEq €2.20M ▲13.4%
6 profitable years in a row build equity to €2.20M.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
31-12
Financial
Highest result since 2018net €468k ▲125%
Operating result €628k, net result €468k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 153 days late
2020
31-12
Financial
Equity above €1MEq €1.26M ▲42.4%
3 profitable years in a row build equity to €1.26M.
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 116 days late
2019
31-12
Financial
Weakest financial yearnet €100k ▼19.6%
Net result drops to €100k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 51 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · 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
3 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, Lubbeek · 1 establishment unit since 1994
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.
Bollenberg(LUB) 333210 LubbeekGround area
206 m²
Parcel 24066E0069/00G004, Flanders. Linked by address, not a title deed.
1 establishment unit
VAN GOETHEM NV
since 19942.068.879.841
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24066E0069/00G004 | Flanders | 206 m² | - | - |
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 2025 · 6 entries · 106,970 EUR awarded · 80,936 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 146 EUR |
| 2024 | 2 | 493 EUR | 80,348 EUR |
| 2023 | 1 | 106 EUR | 106 EUR |
| 2022 | 2 | 106,371 EUR | 336 EUR |
Schemes
Subsidies laadpalen (Relance)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 840 companies in sector 46810 we hold annual accounts for 473. 300 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-10-1994
Fiscal year end31-12
Activities, NACEBEL
46810Wholesale of solid, liquid and gaseous fuels and related products
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
52481
43120Site preparation
45112
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
51532
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.