GEARCRAFT - VANHOUTTE
ActiveGEARCRAFT - VANHOUTTE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.71M and a net result of €1.40M. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 87% of 405 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1M at 30 days acceptable
Liquidity ample (current ratio 7.23 against 7.49 in 2024; short-term debt: 9.3% and cash: 23.1% of total assets), and 17.2% 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○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
82.8%
Return on assets
9.9%
Age of the figures
12 mo
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 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
16 d early
2023
27 d early
2022
33 d early
2021
33 d early
2020
30 d early
2019
15 d early
← 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
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€11.71M▲ 6.9%
2024 · €10.95M
2019: €7.03M
2020: €7.94M
2021: €8.71M
2022: €9.37M
2023: €10.14M
2024: €10.95M
2019 → 2025
Total assets
€14.14M▲ 5.9%
2024 · €13.36M
2019: €9.80M
2020: €10.74M
2021: €11.39M
2022: €11.82M
2023: €12.44M
2024: €13.36M
2019 → 2025
Net result
€1.40M▼ 4.2%
2024 · €1.46M
2019: €761k
2020: €1.44M
2021: €1.13M
2022: €1.04M
2023: €1.17M
2024: €1.46M
2019 → 2025
Working capital
€8.20M▲ 9.8%
2024 · €7.47M
2019: €4.28M
2020: €5.20M
2021: €5.10M
2022: €5.52M
2023: €6.39M
2024: €7.47M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8.71M-€9.37M▲ 7.6%€10.14M▲ 8.3%€10.95M▲ 8.0%€11.71M▲ 6.9%
Operating result€1.29M-€1.18M▼ 8.3%€1.36M▲ 14.5%€1.61M▲ 18.6%€1.62M▲ 0.5%
Net result€1.13M-€1.04M▼ 8.1%€1.17M▲ 13.3%€1.46M▲ 24.7%€1.40M▼ 4.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 0% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.14M
Fixed assets
€4.63M▼ 2.4%
Current assets
€9.51M▲ 10.4%
Equity and liabilities €14.14M
Equity
€11.71M▲ 6.9%
Provisions
€61k▼ 9.3%
Debt
€2.38M▲ 1.6%
The debt ratio falls from 17.5% to 16.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.49M▲
2024 · €2.39M
Cash flow
€2.28M▲
2024 · €2.24M
Solvency
82.8%▲
2024 · 82.0%
Current ratio
7.23▼
2024 · 7.49
Quick ratio
7.08▼
2024 · 7.32
Debt / equity
0.20▼
2024 · 0.21
ROE
12.0%▼
2024 · 13.4%
ROA
9.9%▼
2024 · 11.0%
Interest coverage
39.40▲
2024 · 33.72
Debt
€2.38M▲
2024 · €2.34M
Debt ≤ 1 year
€1.32M▲
2024 · €1.15M
Debt > 1 year
€1.03M▼
2024 · €1.16M
Income taxes
€332k▲
2024 · €274k
Staff costs
€918k▲
2024 · €886k
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€13.36M€14.14M▲
Fixed assets21/28€4.74M€4.63M▼
Tangible fixed assets22/27€4.74M€4.63M▼
Land and buildings22€1.89M€1.72M▼
Plant, machinery and equipment23€1.59M€1.68M▲
Furniture and vehicles24€30k€40k▲
Other tangible fixed assets26€1.23M€1.19M▼
Financial fixed assets28€50€50=
Current assets29/58€8.62M€9.51M▲
Amounts receivable after more than one year29€125k€125k=
Other amounts receivable291€125k€125k=
Stocks and contracts in progress3€198k€194k▼
Stocks30/36€198k€194k▼
Amounts receivable within one year40/41€1.16M€1.25M▲
Trade receivables40€563k€693k▲
Other amounts receivable41€598k€556k▼
Current investments50/53€4.34M€4.62M▲
Cash at bank and in hand54/58€2.71M€3.27M▲
Deferred charges and accrued income490/1€83k€57k▼
Equity and liabilities
Total equity and liabilities10/49€13.36M€14.14M▲
Equity10/15€10.95M€11.71M▲
Contributions10/11€125k€125k=
Capital10€125k€125k=
Issued capital100€125k€125k=
Reserves13€10.83M€11.58M▲
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Tax-exempt reserves132€201k€183k▼
Distributable reserves133€10.62M€11.39M▲
Provisions and deferred taxes16€67k€61k▼
Deferred taxes168€67k€61k▼
Amounts payable17/49€2.34M€2.38M▲
Amounts payable after more than one year17€1.16M€1.03M▼
Financial debts170/4€1.16M€1.03M▼
Amounts payable within one year42/48€1.15M€1.32M▲
Current portion of amounts payable after more than one year42€131k€131k=
Trade debts44€130k€322k▲
Suppliers440/4€130k€322k▲
Taxes, remuneration and social security45€181k€140k▼
Taxes450/3€48k€7k▼
Remuneration and social security454/9€133k€133k▼
Other amounts payable47/48€709k€723k▲
Accrued charges and deferred income492/3€23k€26k▲
Income statement
Code20242025
Non-recurring operating income76A-€327k
Remuneration, social security and pensions62€886k€918k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€779k€878k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€22k▲
Other operating charges640/8€24k€101k▲
Gross operating margin9900€3.30M€3.53M▲
Operating profit (loss)9901€1.61M€1.62M▲
Financial income75/76B€194k€175k▼
Recurring financial income75€194k€175k▼
Financial charges65/66B€71k€63k▼
Recurring financial charges65€71k€63k▼
Profit (loss) for the period before taxes9903€1.73M€1.73M▼
Transfer from deferred taxes780€6k€6k=
Income taxes67/77€274k€332k▲
Profit (loss) for the period9904€1.46M€1.40M▼
Transfer from tax-exempt reserves789€19k€19k=
Profit (loss) for the period to be appropriated9905€1.48M€1.42M▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.48M€1.42M▼
Transfer to equity691/2€833k€772k▼
To other reserves6921€833k€772k▼
Profit to be distributed694/7€650k€650k=
Return on contributions (dividend)694-€250k
Directors or managers695€650k€400k▼
Social balance
Average headcount (FTE)908714.912.9▼
The notes to these accounts (18 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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
14-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2019net €1.46M ▲24.7%
Net result €1.46M, the highest in the series.
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €10MEq €10.14M ▲8.3%
5 profitable years in a row build equity to €10.14M.
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
16-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
19-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
07-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 7 days late
2015
22-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Waregem · 1 establishment unit since 1991
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.
Kalkhoevestraat 328790 WaregemGround area
2,797 m²
Building footprint
2,157 m²
Volume, LiDAR
6,260 m³
Parcel 34452B1152/00D019, Flanders · tallest building 15.4 m. Linked by address, not a title deed.
1 establishment unit
ATELIER VANHOUTTE HELMAR
since 19912.052.771.507
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B1152/00D019 | Flanders | 2,796 m² | 1 · 2,157 m² | 15.4 m |
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.
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsMechanische vormgeving duaal (so)
Mechanische vormgevingstechnieken duaal (so)
Legal Entity Identifier
549300HVNJOWLLG3CP67
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Of 210 companies in sector 28299 we hold annual accounts for 154. 48 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-03-1991
Fiscal year end30-09
Activities, NACEBEL
25530Machining of metals
28299Manufacture of machinery and equipment not elsewhere classified
28520
29430
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.