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Vanthuyne Davy

Active
Private limited company·Sanitaire werkzaamheden· 3 yrs active
Sint-Pietersstraat 124 ·8880 Ledegem, Belgium
KBO/BCE: BE 0797.954.266
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Age3 yrs
Real estate1 parcel · 487 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Vanthuyne Davy is 2.8% (moderate). The 2024 annual accounts show equity of €39k and a net result of €38k. Its solvency ranks better than 42% of 11120 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Filing behaviour

From the deposit records, complete market-wide
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-09-2025, 52 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.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2024 31-07-2025 21-09-2025 52 d late 2025-00501299

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
2.8% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€38k
Working capital€31k

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 21-09-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 34.6% 40.9%
better than 42% of 11120 sector peers
Net result €38k €11k
better than 81% of 11103 sector peers
Equity €39k €34k
better than 54% of 11124 sector peers
Gross operating margin €73k €35k
better than 74% of 11092 sector peers
Total assets €113k €94k
better than 58% of 11120 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2024
Depositmicro
Revenue-
EBITDA€54k
Net profit€38k
Cash flow€43k
Staff costs-
Income taxes€11k
Dividends-
Total assets€113k
Equity€39k
Debt€74k
of which ≤ 1y€74k
of which > 1y-
Working capital€31k
Employees (FTE)-
Ratios (computed)
2024
Current ratio1.42
Quick ratio1.42
Working capital ratio27.8%
Solvency34.6%
Debt / equity1.89
Long-term debt ratio-
Interest coverage27.70
Gross margin-
Net margin-
ROA33.7%
ROE97.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€113k
Fixed assets 21/28€8k
Intangible fixed assets 21€1
Tangible fixed assets 22/27€8k
Current assets 29/58€105k
Amounts receivable within one year 40/41€11k
Cash & bank 54/58€94k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€113k
Equity 10/15€39k
Contributions / capital 10/11€1k
Accumulated profits (losses) 14€38k
Amounts payable 17/49€74k
Amounts payable within one year 42/48€74k
Trade debts payable within one year 44€11k
Income statement
Gross operating margin 9900€73k
Operating result 9901€49k
Financial income 75€2k
Financial charges 65€2k
Result before taxes 9903€49k
Income taxes 67/77€11k
Net result for the period 9904€38k
Result to be appropriated 9905€38k
Ratios computed by Checked.

Health barometer

FY 2024 · computed
81 / 100 Excellent
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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.

Sint-Pietersstraat 1248880 Ledegem

Establishment units

1 location
Vanthuyne Davy
Sint-Pietersstraat 124, 8880 LedegemVervaardiging van radiatoren, stoomketels en ketels voor centrale verwarming
since 20232.341.246.141
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area487 m²
Buildings1
Building footprint118 m²
Volume (LiDAR)426 m³
Tallest building6.1 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36010C0946/02M002 Flanders 487 m² 1 · 118 m² 6.1 m · 1 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

4 of 5 axes measured
Health81Profitability100Solvency64Growth-Stability79
81 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 81
Profitability 100
Solvency 64
Growth -
Stability 79

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 970 of the 6,998 companies in this sector. 875 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Loodgieterswerk43221Sanitaire werkzaamheden43221Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Installatie van isolatie43230Isolatiewerkzaamheden43291Schrijnwerk43320Schrijnwerk43320Handelsbemiddeling in hout en bouwmaterialen46130Handelsbemiddeling in de groothandel in hout en bouwmaterialen46130Groothandel in bouwmaterialen, algemeen assortiment46731Groothandel in bouwmaterialen, algemeen assortiment46831Detailhandel in overige bouwmaterialen in gespecialiseerde winkels47529Detailhandel in overige bouwmaterialen, neg47529
Primary activity highlighted.
Names & trade names
Legal nameNL Vanthuyne Davy
Registered office
Sint-Pietersstraat 124
8880 Ledegem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.