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INSTATH

Active
Private limited companyfounded 2001active for 25 yearsTen Edestraat 14, 9810 Nazareth, BelgiumKBO/BCE: BE 0474.861.322
Summary

INSTATH has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126,639 and a net result of €29,371, of which €16,750 non-recurring income. Equity has been growing by about 16% per year since 2019. Its solvency ranks better than 34% of 34,972 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Overview

Official details

Source: KBO
Status
Active since 21-05-2001 Normal situation
Activity
Installation of electric heating, air conditioning, cooling and ventilation NACE 43222and 2 others
Establishment unit
2.100.461.952 9810 Nazareth, since 04-10-2001
Financial year end
30 June
Peppol
Reachable since 22-05-2025

Board and ownership

Board

Financial position

90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts to 30-06-2025
Gross margin
€53,146
▲ 76.2%
Turnover
≈ €200,000
estimated
Profit
€29,371
▲ 749%
Equity
€126,639
▲ 30.2%
Total assets
€388,309
▼ 1.8%
Score breakdownraises riskSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 0.63, cash €102,855Founded in 2001Size: total assets €388,309Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 51% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 58+8
equity 32.6% of total assets
Liquidity 47+10
short-term debt 67.4% · cash 26.5%
Profitability 78+23
return on assets 7.6%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,685 companies, NACE 43, micro)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.4%▲ +0.2 percentage points vs 01-2025highest value 03-2025: 0.2%▼ -0.2 percentage points vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026lowest value 08-2026: 0.2%● unchanged vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €11,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.63 (0.56 in 2024), below 1. Short-term debt is 67.4% and cash 26.5% of total assets. 67.4% 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, micro). It does better than 34% of them on solvency, 38% on liquidity, 56% on profitability and 75% on growth.

The bankruptcy probability was computed on 04-11-2026 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).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Liquidity: current ratio 0.63, cash €102,855
NBB · annual accounts
lowers risk · Founded in 2001
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: total assets €388,309
Companies of this size fail less 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 02-01-2026, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
29 days early
2024
4 days early
2023
1 day early
2022
on the day
2021
28 days late
2020
71 days late
2019
on the day
← 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 9 days after 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 30 January (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 end04-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 02-01-2026 PDF all 24 filings

Turnover
≈ €200,000
Estimated: probably between €160,000 and €280,000
Total assets
€388,309▼ 1.8%
2024 · €395,616
Net result
€29,371▲ 749%
2024 · €3,458
Working capital
-€97,270▲ 24.2%
2024 · -€128,326
Multi-year overview
2019 to 2025, 7 financial years
Operating result
€41,653
▲ 234% 2025
20192025
Net result
€29,371
▲ 749% 2025
middle half of the sector
20192025
Equity
€126,639
▲ 30.2% 2025
middle half of the sector
20192025
Total assets
€388,309
▼ 1.8% 2025
highest quarter of the sector
20192025
Debt
€261,669
▼ 12.3% 2025
20192025
Working capital
-€97,270
▲ 24.2% 2025
lowest quarter of the sector
20192025
Solvency
32.6%
▲ 8.0pp 2025
middle half of the sector
20192025
Current ratio
0.63
▲ 0.07 2025
lowest quarter of the sector
20192025
Return on assets (ROA)
7.6%
▲ 6.7pp 2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€4,263-€6,457▲ 51.4%€1,870▼ 71.0%€29,550▲ 16×€28,687▼ 2.9%€12,480▼ 56.5%€41,653▲ 234%
Net result-€2,083--€963below the sector's middle half▲ 53.7%€425below the sector's middle half€16,894within the sector's middle half▲ 40×€22,425within the sector's middle half▲ 32.7%€3,458within the sector's middle half▼ 84.6%€29,371within the sector's middle half▲ 749%
Equity€55,030-€54,066within the sector's middle half▼ 1.8%€54,491within the sector's middle half▲ 0.8%€71,385within the sector's middle half▲ 31.0%€93,810within the sector's middle half▲ 31.4%€97,268within the sector's middle half▲ 3.7%€126,639within the sector's middle half▲ 30.2%
Total assets€633,691-€608,965above the sector's middle half▼ 3.9%€488,542above the sector's middle half▼ 19.8%€498,809above the sector's middle half▲ 2.1%€447,338above the sector's middle half▼ 10.3%€395,616above the sector's middle half▼ 11.6%€388,309above the sector's middle half▼ 1.8%
Debt€578,662-€554,899▼ 4.1%€434,051▼ 21.8%€427,424▼ 1.5%€353,528▼ 17.3%€298,348▼ 15.6%€261,669▼ 12.3%
Working capital-€216,338--€199,131below the sector's middle half▲ 8.0%-€213,018below the sector's middle half▼ 7.0%-€191,673below the sector's middle half▲ 10.0%-€146,360below the sector's middle half▲ 23.6%-€128,326below the sector's middle half▲ 12.3%-€97,270below the sector's middle half▲ 24.2%
Solvency8.7%-8.9%below the sector's middle half▲ 0.2pp11.2%below the sector's middle half▲ 2.3pp14.3%below the sector's middle half▲ 3.2pp21.0%below the sector's middle half▲ 6.7pp24.6%within the sector's middle half▲ 3.6pp32.6%within the sector's middle half▲ 8.0pp
Current ratio0.53-0.55below the sector's middle half▲ 0.020.45below the sector's middle half▼ 0.110.53below the sector's middle half▲ 0.090.58below the sector's middle half▲ 0.050.56below the sector's middle half▼ 0.020.63below the sector's middle half▲ 0.07
Return on assets (ROA)-0.3%--0.2%below the sector's middle half▲ 0.2pp0.1%below the sector's middle half▲ 0.2pp3.4%within the sector's middle half▲ 3.3pp5.0%within the sector's middle half▲ 1.6pp0.9%within the sector's middle half▼ 4.1pp7.6%within the sector's middle half▲ 6.7pp
above within below The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is over 3.3 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €388,309
Fixed assets €223,909 ▼ 3.4%
Current assets €164,400 ▲ 0.4%
Equity and liabilities €388,309
Equity €126,639 ▲ 30.2%
Debt €261,669 ▼ 12.3%
Debt's share of the balance-sheet total falls from 75.4% to 67.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€49,539▲
2024 · €26,557
Cash flow
€37,257▲
2024 · €17,535
Debt to equity
2.07▼
2024 · 3.07
ROE
23.2%▲
2024 · 3.6%
Interest coverage
over 100▲
2024 · 4.21
Debt ≤ 1 year
€261,669▼
2024 · €292,147
Income taxes
€12,370▲
2024 · €2,712
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item30-06-202230-06-202330-06-202430-06-2025
Tangible fixed assets€7,742---
Depreciation and write-downs of the year€43,681€14,077€14,077€7,886

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€395,616€388,309▼
Fixed assets21/28€231,795€223,909▼
Tangible fixed assets22/27€231,795€223,909▼
Land and buildings22€227,750€221,406▼
Plant, machinery and equipment23€4,044€2,503▼
Furniture and vehicles24€0-
Current assets29/58€163,822€164,400▲
Amounts receivable within one year40/41€74,065€59,605▼
Trade receivables40€74,065€59,605▼
Cash at bank and in hand54/58€85,950€102,855▲
Deferred charges and accrued income490/1€3,807€1,940▼
Equity and liabilities
Total equity and liabilities10/49€395,616€388,309▼
Equity10/15€97,268€126,639▲
Contributions10/11€50,000€50,000=
Reserves13€6,228€76,639▲
Non-distributable reserves130/1€6,228€0▼
Reserves not available under the articles1311€6,228€0▼
Distributable reserves133-€76,639
Profit (loss) carried forward14€41,040€0▼
Amounts payable17/49€298,348€261,669▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€292,147€261,669▼
Current portion of amounts payable after more than one year42€5,702€0▼
Trade debts44€31,355€9,568▼
Suppliers440/4€31,355€9,568▼
Taxes, remuneration and social security45€6,088€15,426▲
Taxes450/3€6,088€15,426▲
Other amounts payable47/48€249,003€236,676▼
Accrued charges and deferred income492/3€6,201€0▼
Income statement Code20242025
Non-recurring operating income76A€0€16,750▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,077€7,886▼
Other operating charges640/8€3,613€3,608▼
Gross operating margin9900€30,170€53,146▲
Operating profit (loss)9901€12,480€41,653▲
Financial income75/76B€0€330▲
Recurring financial income75€0€330▲
Financial charges65/66B€6,310€242▼
Recurring financial charges65€6,310€242▼
Profit (loss) for the period before taxes9903€6,170€41,741▲
Income taxes67/77€2,712€12,370▲
Profit (loss) for the period9904€3,458€29,371▲
Profit (loss) for the period to be appropriated9905€3,458€29,371▲
Appropriation of the result
Profit (loss) to be appropriated9906€41,040€70,411▲
Profit (loss) brought forward from the previous period14P€37,582€41,040▲
Transfer to equity691/2-€70,411
To other reserves6921-€70,411

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 02-01-2026.

Line2019202020212022202320242025Change
Non-recurring operating income76A----€21,270€0€16,750-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44,235€50,426€47,701€43,681€14,077€14,077€7,886▼ 44.0%
Other operating charges640/8---€9,995€2,446€3,613€3,608▼ 0.1%
Gross operating margin9900€49,157€60,981€55,677€83,226€45,211€30,170€53,146▲ 76.2%
Operating profit (loss)9901€4,263€6,457€1,870€29,550€28,687€12,480€41,653▲ 234%
Financial income75/76B---€120€183€0€330▲ 1,648×
Recurring financial income75€133€54€0€120€183€0€330▲ 1,648×
Financial charges65/66B---€862€438€6,310€242▼ 96.2%
Recurring financial charges65€3,552€3,783€1,445€862€438€6,310€242▼ 96.2%
Profit (loss) for the period before taxes9903€844€2,728€425€28,808€28,433€6,170€41,741▲ 577%
Income taxes67/77€2,927€3,691€0€11,914€6,008€2,712€12,370▲ 356%
Profit (loss) for the period9904-€2,083-€963€425€16,894€22,425€3,458€29,371▲ 749%
Profit (loss) for the period to be appropriated9905-€2,083-€963€425€16,894€22,425€3,458€29,371▲ 749%
Line2019202020212022202320242025Change
Assets
Total assets20/58€633,691€608,965€488,542€498,809€447,338€395,616€388,309▼ 1.8%
Fixed assets21/28€384,830€365,362€317,604€281,666€245,872€231,795€223,909▼ 3.4%
Tangible fixed assets22/27€384,812€365,343€317,604€281,666€245,872€231,795€223,909▼ 3.4%
Land and buildings22---€240,440€234,095€227,750€221,406▼ 2.8%
Plant, machinery and equipment23---€7,126€5,585€4,044€2,503▼ 38.1%
Furniture and vehicles24---€34,100€6,191€0--
Financial fixed assets28€19€19€0-----
Current assets29/58€248,861€243,604€170,938€217,143€201,466€163,822€164,400▲ 0.4%
Amounts receivable within one year40/41€69,961€34,817€65,305€4,114€60,379€74,065€59,605▼ 19.5%
Trade receivables40---€4,114€60,379€74,065€59,605▼ 19.5%
Cash at bank and in hand54/58€172,083€203,717€99,195€206,769€136,849€85,950€102,855▲ 19.7%
Deferred charges and accrued income490/1---€6,261€4,239€3,807€1,940▼ 49.0%
Equity and liabilities
Total equity and liabilities10/49€633,691€608,965€488,542€498,809€447,338€395,616€388,309▼ 1.8%
Equity10/15€55,030€54,066€54,491€71,385€93,810€97,268€126,639▲ 30.2%
Contributions10/11€50,000--€50,000€50,000€50,000€50,000=
Reserves13€6,228€6,228€6,228€6,228€6,228€6,228€76,639▲ 12×
Non-distributable reserves130/1---€6,228€6,228€6,228€0▼ 100%
Reserves not available under the articles1311---€6,228€6,228€6,228€0▼ 100%
Distributable reserves133------€76,639-
Profit (loss) carried forward14-€1,198-€2,162-€1,737€15,157€37,582€41,040€0▼ 100%
Amounts payable17/49€578,662€554,899€434,051€427,424€353,528€298,348€261,669▼ 12.3%
Amounts payable after more than one year17€111,437€111,152€50,095€18,607€5,702€0--
Financial debts170/4---€18,607€5,702€0--
Amounts payable within one year42/48€465,200€442,734€383,956€408,817€347,826€292,147€261,669▼ 10.4%
Current portion of amounts payable after more than one year42---€31,488€12,906€5,702€0▼ 100%
Trade debts44€118,021€34,271€35,376€46,179€72,195€31,355€9,568▼ 69.5%
Suppliers440/4---€46,179€72,195€31,355€9,568▼ 69.5%
Taxes, remuneration and social security45---€21,651€8,123€6,088€15,426▲ 153%
Taxes450/3---€21,651€8,123€6,088€15,426▲ 153%
Other amounts payable47/48---€309,499€254,603€249,003€236,676▼ 5.0%
Accrued charges and deferred income492/3-----€6,201€0▼ 100%
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€2,083-€963€425€16,894€22,425€3,458€29,371▲ 749%
+ Depreciation and write-downs630€44,235€50,426€47,701€43,681€14,077€14,077€7,886▼ 44.0%
Operating cash flow (approximation)€42,152€49,463€48,126€60,575€36,502€17,535€37,257▲ 112%
Investment in fixed assets (approximation)--€30,957€57-€7,742€21,717€0€0-
Change in cash-€31,635-€104,523€107,574-€69,920-€50,899€16,905-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 31,368 companies had the same profile as INSTATH has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
93.5% was still going
5.9% stopped otherwise
0.5% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of INSTATH itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 31,368 companies, not a prediction for INSTATH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Latest 10 of 24 filings with the National Bank
Financial year Type Filed Reference Document
30-06-2025 micro format 02-01-2026 2026-00001231 PDF
30-06-2024 micro format 27-01-2025 2025-00026841 PDF
30-06-2023 micro format 30-01-2024 2024-00019497 PDF
30-06-2022 micro format 31-01-2023 2023-00021258 PDF
30-06-2021 micro format 28-02-2022 2022-06900420 PDF
30-06-2020 micro format 12-04-2021 2021-10200555 PDF
30-06-2019 micro format 31-01-2020 2020-03900092 PDF
30-06-2018 micro format 31-01-2019 2019-04000570 PDF
30-06-2017 micro format 31-01-2018 2018-04300234 PDF
30-06-2016 abbreviated format 30-01-2017 2017-02600078 PDF

Show all 24 filings

Board & ownership

Directors

Directors
1 director, no change since 2025
Marc Thielemans
Statutory director · since 14-05-2001 · term without a fixed end · listed in the 2025 annual accounts, filed on 02-01-2026
Current
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 06-03-2025

Owners and capital

Capital transactions

Capital over time
  1. 06-03-2025 Converted to unavailable equity
  2. 21-04-2023 Converted to unavailable equity · €18,600
  3. 21-04-2023 Converted to unavailable equity · €1,860

Articles of association

Board ruleThese rules set how the board is made up, meets and takes decisions.
“Iedere bestuurder vertegenwoordigt vennootschap jegens derden en in rechte als eiser of verweerder, geheel van bevoegdheden aan hem…”

Articles of association, deed of 06-03-2025 (in Dutch)

Network & group

INSTATH shares no director with another company.

Connections & network

1 current director
Depth

The network starts from the directors of INSTATH. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-01-2027
2026
02-01
NBB filing Annual accounts 2025 filedPDF
micro format · 29 days before the deadline
2025
30-06
Financial Highest result from 2019 to 2025net €29,371 ▲749%
The operating result of €41,653 and the net result of €29,371 are both a record.
30-06
Financial Equity above €100,000equity €126,639 ▲30.2%
After 5 profitable years in a row, equity reaches €126,639.
06-03
Gazette deed Appointment: Marc Thielemans (statutory director)
Registered office clause: Ten Edestraat 14 A, 9810 Nazareth · Power of attorney: Ann DE PAEPE4 points ▸
  • General meeting, 18-04-2023
  • Director appointment, Marc Thielemans (statutory director)
  • Registered office clause, Ten Edestraat 14 A, 9810 Nazareth
  • Power of attorney, Ann DE PAEPE
  • The act holds 3 more points.

Open the act in the Belgian Official Gazette

27-01
NBB filing Annual accounts 2024 filedPDF
micro format · 4 days before the deadline
2024
30-01
NBB filing Annual accounts 2023 filedPDF
micro format · 1 day before the deadline
2023
21-04
Gazette deed Company renamed from HVH DESIGN to HosteVanhee
Registered office clause: Heernislaan 19, 9000 Gent3 points ▸
  • Registered office clause, Heernislaan 19, 9000 Gent
  • General meeting, 18-04-2023
  • Name change, HosteVanhee
  • The act holds 6 more points.

Open the act in the Belgian Official Gazette

31-01
NBB filing Annual accounts 2022 filedPDF
micro format · on the deadline day
2022
28-02
NBB filing Annual accounts 2021 filedPDF
micro format · 28 days late
2021
30-06
Financial Back to profitnet €425
The net result is €425, after 2 loss-making years.
12-04
NBB filing Annual accounts 2020 filedPDF
micro format · 71 days late
2020
31-01
NBB filing Annual accounts 2019 filedPDF
micro format · on the deadline day
Show earlier events
2019
31-01
NBB filing Annual accounts 2018 filedPDF
micro format · on the deadline day
2018
31-01
NBB filing Annual accounts 2017 filedPDF
micro format · on the deadline day
2017
30-01
NBB filing Annual accounts 2016 filedPDF
abbreviated format · 1 day before the deadline
2001
02-06
Gazette deed Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

INSTATH was incorporated on 21 May 2001.1 The name was changed to HosteVanhee in 2023.2 Since 2001, Marc Thielemans has served as statutory director.3 Total assets fell from €633,691 in 2019 to €388,309 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 21-04-2023
  3. 3National Bank, annual accounts 2025
  4. 4National Bank, annual accounts 2019 and 2025

Company details

Register details

Identity

KBO record
Name INSTATH in Dutch
Enterprise number 0474.861.322
Legal form Private limited company
Status Active, normale toestand
Founded 21-05-2001
Entity type Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 06-03-2025 (in Dutch)

Registered office and establishments

Registered office Ten Edestraat 14, 9810 Nazareth, Belgium
Establishment unit INSTAH BVBA, Ten Edestraat 14, 9810 Nazareth since 04-10-2001 · unit number 2.100.461.952 4342904 Specialised construction activities

Activities

NACEBEL 2025
43222 Installation of electric heating, air conditioning, cooling and ventilation main activity
47632 Retail sale of bicycles
95290 Repair and maintenance of other personal and household goods
Codes under NACEBEL 2008
43222 Specialised construction activities main activity
47785 Retail trade
95290 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Codes under NACEBEL 2003
45331 main activity
52492
52740

Invoicing and payment

VAT number BE 0474.861.322
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0474861322
Other Peppol ID 9925:BE0474861322
Registered 22-05-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 4 November 2026 · Peppol Directory

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0474.861.322

Financial year and general meeting

Accounts at the NBB
Financial year end 30-06
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Saturday of November at 10:00
deed of 06-03-2025 (in Dutch)

Sites & property

Location
registered office establishment The establishment unit on the map

Buildings and parcels at the address

Ground area
1,068 m²
Building footprint
210 m²
Building volume
1,375 m³
Cadastral parcel Region Area Buildings Height / floors
44018A0989/00N000 Flanders 1,068 m² 1 · 210 m² 9.9 m · 2