VANSTEENKISTE INFRA
ActiveVANSTEENKISTE INFRA has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.72M and a net result of €134k. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 28% of 296 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
71
/ 100
Healthy▲ +13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability28▲+7
Solvency41▲+1
Growth37▲+2
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.18 in 2024), and 75.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
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
24.6%
Return on assets
1.2%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-04-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
21 d early
2023
20 d early
2022
23 d early
2021
11 d early
2020
15 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€13.75M▲ 13.7%
2024 · €12.10M
2019: €10.73M
2020: €11.79M
2021: €12.64M
2022: €14.81M
2023: €13.47M
2024: €12.10M
2019 → 2025
EBIT margin
3.4%▲ 0.6pp
2024 · 2.8%
2019: 8.8%
2020: 7.5%
2021: 6.7%
2022: 6.4%
2023: 9.4%
2024: 2.8%
2019 → 2025
Net result
€134k▲ 256%
2024 · €38k
2019: €547k
2020: €489k
2021: €523k
2022: €616k
2023: €824k
2024: €38k
2019 → 2025
Working capital
€1.73M▲ 24.1%
2024 · €1.40M
2019: €7.33M
2020: €7.86M
2021: €6.32M
2022: €4.84M
2023: €1.64M
2024: €1.40M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€12.64M-€14.81M▲ 17.2%€13.47M▼ 9.1%€12.10M▼ 10.2%€13.75M▲ 13.7%
Equity€2.61M-€1.73M▼ 33.8%€2.55M▲ 47.7%€2.59M▲ 1.5%€2.72M▲ 5.2%
Operating result€853k-€944k▲ 10.7%€1.27M▲ 34.8%€341k▼ 73.2%€474k▲ 39.2%
Net result€523k-€616k▲ 17.9%€824k▲ 33.7%€38k▼ 95.4%€134k▲ 256%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 39% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.08M
Fixed assets
€1.34M▼ 1.4%
Current assets
€9.74M▲ 6.5%
Equity and liabilities €11.08M
Equity
€2.72M▲ 5.2%
Provisions
€3k▼ 60.1%
Debt
€8.35M▲ 5.6%
The debt ratio rises from 75.3% to 75.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€758k▲
2024 · €668k
Cash flow
€418k▲
2024 · €365k
Solvency
24.6%▼
2024 · 24.7%
Current ratio
1.22▲
2024 · 1.18
Quick ratio
1.18▲
2024 · 1.14
Debt / equity
3.07▲
2024 · 3.05
ROE
4.9%▲
2024 · 1.5%
ROA
1.2%▲
2024 · 0.4%
Interest coverage
3.34▲
2024 · 2.39
Debt
€8.35M▲
2024 · €7.90M
Debt ≤ 1 year
€8.01M▲
2024 · €7.75M
Debt > 1 year
€344k▲
2024 · €155k
Income taxes
€87k▲
2024 · €30k
Staff costs
€5.44M▲
2024 · €5.14M
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€10.50M€11.08M▲
Fixed assets21/28€1.36M€1.34M▼
Tangible fixed assets22/27€1.02M€1.25M▲
Land and buildings22€506k€506k▲
Plant, machinery and equipment23€58k€52k▼
Furniture and vehicles24€13k€10k▼
Leasing and similar rights25€440k€683k▲
Financial fixed assets28€339k€86k▼
Affiliated companies280/1€250k€0▼
Amounts receivable281€250k€0▼
Other financial fixed assets284/8€89k€86k▼
Shares284€14k€14k=
Amounts receivable and cash guarantees285/8€75k€73k▼
Current assets29/58€9.15M€9.74M▲
Stocks and contracts in progress3€294k€294k=
Stocks30/36€294k€294k=
Raw materials and consumables30/31€294k€294k=
Amounts receivable within one year40/41€6.05M€9.08M▲
Trade receivables40€5.70M€8.60M▲
Other amounts receivable41€358k€475k▲
Cash at bank and in hand54/58€2.75M€365k▼
Deferred charges and accrued income490/1€45k€2k▼
Equity and liabilities
Total equity and liabilities10/49€10.50M€11.08M▲
Equity10/15€2.59M€2.72M▲
Contributions10/11€833k€833k=
Capital10€833k€833k=
Issued capital100€833k€833k=
Reserves13€1.76M€1.89M▲
Non-distributable reserves130/1€83k€83k=
Legal reserve130€83k€83k=
Tax-exempt reserves132€450k€436k▼
Distributable reserves133€1.22M€1.37M▲
Profit (loss) carried forward14€568€565▼
Provisions and deferred taxes16€8k€3k▼
Deferred taxes168€8k€3k▼
Amounts payable17/49€7.90M€8.35M▲
Amounts payable after more than one year17€155k€344k▲
Financial debts170/4€155k€344k▲
Leasing and similar obligations172€155k€344k▲
Amounts payable within one year42/48€7.75M€8.01M▲
Current portion of amounts payable after more than one year42€285k€238k▼
Financial debts43€147k€0▼
Credit institutions430/8€147k€0▼
Trade debts44€2.24M€2.40M▲
Suppliers440/4€2.24M€2.40M▲
Taxes, remuneration and social security45€378k€473k▲
Taxes450/3€15k€107k▲
Remuneration and social security454/9€364k€366k▲
Other amounts payable47/48€4.70M€4.90M▲
Income statement
Code20242025
Operating income70/76A€12.56M€14.21M▲
Turnover70€12.10M€13.75M▲
Other operating income74€459k€460k▲
Operating charges60/66A€12.22M€13.74M▲
Goods for resale, raw materials and consumables60€4.60M€5.52M▲
Purchases600/8€4.60M€5.52M▲
Services and other goods61€1.97M€2.29M▲
Remuneration, social security and pensions62€5.14M€5.44M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€327k€284k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€15k€0▼
Other operating charges640/8€158k€204k▲
Non-recurring operating charges66A-€528
Operating profit (loss)9901€341k€474k▲
Financial income75/76B€10k€12k▲
Recurring financial income75€10k€12k▲
Income from financial fixed assets750€5k€9k▲
Income from current assets751€1k€1k▼
Other financial income752/9€3k€2k▼
Financial charges65/66B€289k€270k▼
Recurring financial charges65€289k€270k▼
Debt charges650€279k€227k▼
Other financial charges652/9€10k€43k▲
Profit (loss) for the period before taxes9903€62k€217k▲
Transfer from deferred taxes780€6k€5k▼
Income taxes67/77€30k€87k▲
Taxes670/3€33k€87k▲
Tax adjustments and reversals of tax provisions77€3k€1▼
Profit (loss) for the period9904€38k€134k▲
Transfer from tax-exempt reserves789€19k€14k▼
Profit (loss) for the period to be appropriated9905€57k€148k▲
Appropriation of the result
Profit (loss) to be appropriated9906€58k€149k▲
Profit (loss) brought forward from the previous period14P€996€568▼
Transfer to equity691/2€57k€148k▲
To other reserves6921€57k€148k▲
Social balance
Average headcount (FTE)9087102.897.7▼
The notes to these accounts (84 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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Weakest financial yearnet €38k ▼95.4%
Net result drops to €38k, the lowest in the series; recovery starts the following year.
10-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Highest result since 2019net €824k ▲33.7%
Operating result €1.27M, net result €824k, both a record.
30-09
Financial
Equity above €2MEq €2.55M ▲47.7%
5 profitable years in a row build equity to €2.55M.
07-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
19-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
17 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, Gistel · 1 establishment unit since 1971
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.
Nieuwpoortse Steenweg 1288470 GistelGround area
554 m²
Building footprint
493 m²
Volume, LiDAR
1,557 m³
Parcel 35005D0779/00T000, Flanders · tallest building 4.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Nieuwpoortse Steenweg 128, 8470 Gistel
since 19712.005.421.253
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35005D0779/00T000 | Flanders | 553 m² | 1 · 493 m² | 4.6 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 34,636 EUR awarded · 34,636 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 8,768 EUR | 8,768 EUR |
| 2024 | 2 | 8,804 EUR | 8,804 EUR |
| 2023 | 2 | 9,688 EUR | 9,688 EUR |
| 2022 | 2 | 7,376 EUR | 7,376 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
10 categoriesVANSTEENKISTE INFRA NV#10440
VANSTEENKISTE INFRA NV06940
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SNAUWAERT
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Of 2,316 companies in sector 42110 we hold annual accounts for 1,086. 485 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-12-1970
Fiscal year end30-09
Activities, NACEBEL
42110Construction of roads and motorways
45230
92611
93110Operation of sports facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.