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GLASWERKEN VANHEERTUM

Active
Private limited companyfounded 1999active for 27 yearsKoeybleuken 6, 2300 Turnhout, BelgiumKBO/BCE: BE 0466.684.222

From the official registers: KBO 25 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

GLASWERKEN VANHEERTUM has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €587,117 and a net result of -€146,785. Equity has been growing by about 18% per year since 2019. Its solvency ranks better than 31% of 2,445 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Official details

KBO
Status
Active since 10-08-1999 Normal situation
Activity
Specialised construction activities NACE 43343and 2 others
Establishment unit
2.092.121.635 2300 Turnhout, since 08-09-1999
Financial year end
30 June
Peppol
Reachable since 21-10-2026

Board and ownership

Board
  • Versmissen BVDirector · since 01-05-2008
  • Vermissen HendrikDirector · since 30-12-2019
  • DECONSULTDirector · since 04-04-2024 · permanent representative Dennis Colart

Financial position

66 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Annual accounts to 30-06-2025
Turnover
€3.4m
▼ 8.8%
Loss
€146,785
Equity
€587,117
▼ 20.0%
Total assets
€2.1m
▲ 9.9%
Staff
19.8 FTE
▼ 5.3%
Filed on 03-12-2025, 59 days before the deadlinePDF
Score breakdownraises riskLoss of €146,785 (financial year 2025)Sector: Specialised construction activities (NACE 43)Size: turnover €3.4m, 19.8 FTE, total assets €2.1mlowers riskFounded in 1999Show the evidence

Checked score

Score 2025
66 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 25% of small companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Weak
Solvency 54-10
equity 28.6% of total assets
Liquidity 36-14
short-term debt 45.7% · cash 7.0%
Profitability 32-35
return on assets -7.1%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,649 companies, NACE 43, small)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025lowest value 01-2026: 0.8%▲ +0.5 percentage points vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.8%● unchanged vs 05-2026 07-2026: 0.8%● unchanged vs 06-2026 08-2026: 0.8%● unchanged vs 07-2026 09-2026: 0.8%● unchanged vs 08-2026 10-2026: 0.9%▲ +0.1 percentage points vs 09-2026highest value
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.22 (1.52 in 2024), below the usual 1.5. Short-term debt is 45.7% and cash 7% of total assets. 71.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 35% of them on solvency, 34% on liquidity, 12% on profitability and 20% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Loss of €146,785 (financial year 2025)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Founded in 1999
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Size: turnover €3.4m, 19.8 FTE, total assets €2.1m
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-12-2025, 59 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
59 days early
2024
57 days early
2023
55 days early
2022
56 days early
2021
55 days early
2020
54 days early
2019
53 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 56 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 6 December (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end01-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: From profit to loss in 2025after a profit of €55,093 in 2024 -€146,785 View
  • Caution: Lower net result than 93% of companies in specialised constructionsector median €42,866 · 2,446 companies -€146,785 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

Comparable companies

These companies have the same main activity as GLASWERKEN VANHEERTUM: specialised construction activities (NACE 43343). They are comparable in size and age: total assets between €1.9m and €3.5m, founded between 1963 and 2013.

CompanyTotal assetsTurnover
GLASWERKEN VANHEERTUM Turnhout€2.1m€3.4m
ROELANTS GLAS Aarschot€2.2m€3.4m
RAAMWINKEL Bornem€3.5m€11.3m
Firma Vandenbulcke Brugge€2.4m€2.9m
VEISTERS Waregem€2.2m€4.9m
GLASCENTRALE Wevelgem€1.9m-
GAEREMYNCK & FILS Mouscron€2.7m-
Full comparison

Documents

Annual accounts at the NBB

All 25 annual accounts

Articles and registers

Key facts about GLASWERKEN VANHEERTUM

What is the company number of GLASWERKEN VANHEERTUM?
The company number of GLASWERKEN VANHEERTUM is 0466.684.222. The VAT number is the same number with BE in front: BE 0466.684.222.
Where is GLASWERKEN VANHEERTUM based?
The registered office is at Koeybleuken 6, 2300 Turnhout.Company details
What does GLASWERKEN VANHEERTUM do?
According to the KBO register, the main activity is specialised construction activities (NACE 43343).
What is the legal form of GLASWERKEN VANHEERTUM?
The legal form of GLASWERKEN VANHEERTUM is Private limited company (BV).
When was GLASWERKEN VANHEERTUM founded?
GLASWERKEN VANHEERTUM was founded on 10-08-1999.
Is GLASWERKEN VANHEERTUM still active?
Yes, GLASWERKEN VANHEERTUM is an active enterprise in the KBO register.
How many employees does GLASWERKEN VANHEERTUM have?
GLASWERKEN VANHEERTUM had an average of 19.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of GLASWERKEN VANHEERTUM?
The turnover of GLASWERKEN VANHEERTUM was €3.4m in financial year 2025, according to the filed annual accounts.
Is GLASWERKEN VANHEERTUM profitable?
In financial year 2025, GLASWERKEN VANHEERTUM made a loss of €146,785.
Where can I find the annual accounts of GLASWERKEN VANHEERTUM?
GLASWERKEN VANHEERTUM filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of GLASWERKEN VANHEERTUM due?
GLASWERKEN VANHEERTUM must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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