Firma Vanhoorde
ActiveFirma Vanhoorde has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €427k and a net result of €35k. Equity is shrinking by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 91% of 2438 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+73
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 7.65 against 5.21 in 2023; short-term debt: 11.8% and cash: 20.9% of total assets), and 11.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 25
Relative position
BE, all sectors
reference
Sector 25
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
88.2%
Return on assets
7.2%
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 04-09-2025, 35 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
35 d late
2023
28 d late
2022
121 d late
2021
59 d late
2020
184 d late
2019
39 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€427k▲ 9.0%
2023 · €392k
2018: €591k
2019: €543k
2020: €491k
2021: €444k
2022: €445k
2023: €392k
2018 → 2024
Total assets
€484k▲ 2.7%
2023 · €471k
2018: €645k
2019: €604k
2020: €579k
2021: €494k
2022: €486k
2023: €471k
2018 → 2024
Net result
€35k
2023 · €-53k
2018: €-19k
2019: €-48k
2020: €-52k
2021: €-48k
2022: €2k
2023: €-53k
2018 → 2024
Working capital
€380k▲ 13.5%
2023 · €335k
2018: €420k
2019: €399k
2020: €373k
2021: €358k
2022: €376k
2023: €335k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€491k-€444k▼ 9.7%€445k▲ 0.4%€392k▼ 12.0%€427k▲ 9.0%
Operating result€-54k-€-44k▲ 17.8%€1k€-54k€35k
Net result€-52k-€-48k▲ 8.9%€2k€-53k€35k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €35k after a loss of €54k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €484k
Fixed assets
€47k▼ 17.6%
Current assets
€438k▲ 5.5%
Equity and liabilities €484k
Equity
€427k▲ 9.0%
Debt
€57k▼ 28.1%
The debt ratio falls from 16.9% to 11.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45k▲
2023 · €-42k
Cash flow
€45k▲
2023 · €-41k
Solvency
88.2%▲
2023 · 83.1%
Current ratio
7.65▲
2023 · 5.21
Quick ratio
4.24▲
2023 · 2.75
Debt / equity
0.13▼
2023 · 0.20
ROE
8.2%▲
2023 · -13.6%
ROA
7.2%▲
2023 · -11.3%
Interest coverage
6.48▲
2023 · -46.02
Debt
€57k▼
2023 · €80k
Debt ≤ 1 year
€57k▼
2023 · €80k
Income taxes
€683▲
2023 · €36
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€471k€484k▲
Fixed assets21/28€57k€47k▼
Tangible fixed assets22/27€56k€47k▼
Land and buildings22€56k€47k▼
Financial fixed assets28€135€135=
Current assets29/58€415k€438k▲
Stocks and contracts in progress3€196k€195k▼
Stocks30/36€196k€195k▼
Amounts receivable within one year40/41€102k€94k▼
Trade receivables40€102k€94k▼
Other amounts receivable41€80€12▼
Current investments50/53€48k€48k=
Cash at bank and in hand54/58€68k€101k▲
Deferred charges and accrued income490/1€1k€96▼
Equity and liabilities
Total equity and liabilities10/49€471k€484k▲
Equity10/15€392k€427k▲
Contributions10/11€530k€530k=
Outside capital11€530k€530k=
Other1109/19€530k€530k=
Reserves13€17k€17k=
Tax-exempt reserves132€4k€4k=
Distributable reserves133€12k€12k=
Profit (loss) carried forward14€-155k€-120k▲
Amounts payable17/49€80k€57k▼
Amounts payable within one year42/48€80k€57k▼
Trade debts44€73k€55k▼
Suppliers440/4€73k€55k▼
Taxes, remuneration and social security45€5k€2k▼
Taxes450/3€1k€2k▲
Remuneration and social security454/9€4k-
Other amounts payable47/48€1k€505▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€10k▼
Other operating charges640/8€2k€9k▲
Gross operating margin9900€-39k€54k▲
Operating profit (loss)9901€-54k€35k▲
Financial income75/76B€1k€8k▲
Recurring financial income75€1k€8k▲
Financial charges65/66B€903€7k▲
Recurring financial charges65€903€7k▲
Profit (loss) for the period before taxes9903€-53k€36k▲
Income taxes67/77€36€683▲
Profit (loss) for the period9904€-53k€35k▲
Profit (loss) for the period to be appropriated9905€-53k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-155k€-120k▲
Profit (loss) brought forward from the previous period14P€-101k€-155k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €-53k ▼3357%
Net result drops to €-53k, the lowest in the series; recovery starts the following year.
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 121 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after 4 loss-making years.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 184 days late
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 39 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 53 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 59 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, Gent · 1 establishment unit since 1960
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.
Robert Rinskopflaan 279050 GentGround area
98 m²
Building footprint
90 m²
Volume, LiDAR
593 m³
Parcel 44362B0320/00Y003, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Robert Rinskopflaan 27, 9050 Gent
since 19602.005.694.833
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44362B0320/00Y003 | Flanders | 98 m² | 1 · 90 m² | 11.9 m · 3 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 56 companies in sector 25930 we hold annual accounts for 45. 28 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
25930Manufacture of fabricated metal products, except machinery and equipment
28730
24340Manufacture of basic metals
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.