PATRICK VANHORENBEKE
ActiveSummary
The computed 12-month bankruptcy probability of PATRICK VANHORENBEKE is 2.0% (moderate). The 2024 annual accounts show equity of €761k and a net result of €212k. Equity is growing by ~36.3% per year across the filed fiscal years. Its solvency ranks better than 61% of 6162 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability82▼-3
Solvency63▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.66 against 1.62 in 2023; short-term debt: 9.7% and cash: 9.3% of total assets), but 62.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-05-2025, 62 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
62 d early
2023
54 d early
2022
48 d early
2021
73 d early
2020
53 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€212k▼ 12.7%
2023 · €242k
2018: €15klowest in 7 years
2019: €18k▲ +15.5% vs 2018
2020: €196k▲ +1006% vs 2019
2021: €39k▼ -80.0% vs 2020
2022: €205k▲ +423% vs 2021
2023: €242k▲ +18.2% vs 2022highest in 7 years
2024: €212k▼ -12.7% vs 2023
2018 → 2024
Working capital
€323k▲ 130%
2023 · €141k
2018: €111k
2019: €79k▼ -28.8% vs 2018
2020: €243k▲ +208% vs 2019
2021: €-422▼ -100% vs 2020lowest in 7 years
2022: €50k▲ +11851% vs 2021
2023: €141k▲ +184% vs 2022
2024: €323k▲ +130% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€269k-€313k▲ 16.3%€487k▲ 55.8%€591k▲ 21.3%€761k▲ 28.8%
2020: €269klowest in 5 years
2021: €313k▲ +16.3% vs 2020
2022: €487k▲ +55.8% vs 2021
2023: €591k▲ +21.3% vs 2022
2024: €761k▲ +28.8% vs 2023highest in 5 years
Operating result€286k-€71k▼ 75.2%€307k▲ 332%€359k▲ 17.1%€311k▼ 13.5%
2020: €286k
2021: €71k▼ -75.2% vs 2020lowest in 5 years
2022: €307k▲ +332% vs 2021
2023: €359k▲ +17.1% vs 2022highest in 5 years
2024: €311k▼ -13.5% vs 2023
Net result€196k-€39k▼ 80.0%€205k▲ 423%€242k▲ 18.2%€212k▼ 12.7%
2020: €196k
2021: €39k▼ -80.0% vs 2020lowest in 5 years
2022: €205k▲ +423% vs 2021
2023: €242k▲ +18.2% vs 2022highest in 5 years
2024: €212k▼ -12.7% vs 2023
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 13% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.01M
Fixed assets
€1.49M ▼ 4.0%
Current assets
€517k ▲ 40.2%
Equity and liabilities €2.01M
Equity
€761k ▲ 28.8%
Debt
€1.25M ▼ 6.3%
Debt's share of the balance-sheet total falls from 69.2% to 62.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€417k▼
2023 · €469k
Cash flow
€318k▼
2023 · €353k
Current ratio
2.66▲
2023 · 1.62
Quick ratio
2.62▲
2023 · 1.57
Debt to equity
1.64▼
2023 · 2.25
ROE
27.8%▼
2023 · 41.0%
ROA
10.6%▼
2023 · 12.6%
Interest coverage
29.37▲
2023 · 26.19
Debt ≤ 1 year
€194k▼
2023 · €228k
Debt > 1 year
€780k▼
2023 · €862k
Income taxes
€99k▼
2023 · €107k
Staff costs
€183k▲
2023 · €175k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 58 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.92M€2.01M▲
Fixed assets21/28€1.55M€1.49M▼
Tangible fixed assets22/27€1.55M€1.49M▼
Land and buildings22€1.18M€1.15M▼
Plant, machinery and equipment23€261k€240k▼
Furniture and vehicles24€108k€99k▼
Financial fixed assets28€391€391=
Current assets29/58€369k€517k▲
Amounts receivable after more than one year29-€275k
Other amounts receivable291-€275k
Stocks and contracts in progress3€10k€9k▼
Stocks30/36€10k€9k▼
Amounts receivable within one year40/41€54k€47k▼
Trade receivables40€54k€47k▼
Cash at bank and in hand54/58€304k€186k▼
Deferred charges and accrued income490/1€717-
Equity and liabilities
Total equity and liabilities10/49€1.92M€2.01M▲
Equity10/15€591k€761k▲
Contributions10/11€6k€6k=
Reserves13€529k€707k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€527k€705k▲
Profit (loss) carried forward14€2k€2k=
Investment grants15€54k€47k▼
Amounts payable17/49€1.33M€1.25M▼
Amounts payable after more than one year17€862k€780k▼
Financial debts170/4€862k€780k▼
Amounts payable within one year42/48€228k€194k▼
Current portion of amounts payable after more than one year42€90k€82k▼
Trade debts44€26k€24k▼
Suppliers440/4€26k€24k▼
Advances received on contracts in progress46€21k€23k▲
Taxes, remuneration and social security45€92k€53k▼
Taxes450/3€67k€30k▼
Remuneration and social security454/9€25k€24k▼
Other amounts payable47/48-€12k
Accrued charges and deferred income492/3€239k€271k▲
Income statement
Code20232024
Remuneration, social security and pensions62€175k€183k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€110k€106k▼
Other operating charges640/8€13k€12k▼
Non-recurring operating charges66A€308-
Gross operating margin9900€658k€613k▼
Operating profit (loss)9901€359k€311k▼
Financial income75/76B€8k€14k▲
Recurring financial income75€8k€14k▲
Financial charges65/66B€18k€14k▼
Recurring financial charges65€18k€14k▼
Profit (loss) for the period before taxes9903€349k€311k▼
Income taxes67/77€107k€99k▼
Profit (loss) for the period9904€242k€212k▼
Profit (loss) for the period to be appropriated9905€242k€212k▼
Appropriation of the result
Profit (loss) to be appropriated9906€244k€213k▼
Profit (loss) brought forward from the previous period14P€2k€2k=
Transfer to equity691/2€112k€187k▲
To other reserves6921€112k€187k▲
Profit to be distributed694/7€131k€25k▼
Return on contributions (dividend)694€131k€25k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €162k | €176k | €175k | €183k | ▲ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61k | €66k | €72k | €110k | €106k | ▼ 3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2k | - | - | - |
| Other operating charges640/8 | - | €111k | €12k | €13k | €12k | ▼ 3.3% |
| Non-recurring operating charges66A | - | - | €58 | €308 | - | - |
| Gross operating margin9900 | €460k | €411k | €568k | €658k | €613k | ▼ 6.9% |
| Operating profit (loss)9901 | €286k | €71k | €307k | €359k | €311k | ▼ 13.5% |
| Financial income75/76B | - | €10k | €19k | €8k | €14k | ▲ 84.6% |
| Recurring financial income75 | €18k | €10k | €19k | €8k | €14k | ▲ 84.6% |
| Financial charges65/66B | - | €16k | €18k | €18k | €14k | ▼ 20.8% |
| Recurring financial charges65 | €14k | €16k | €18k | €18k | €14k | ▼ 20.8% |
| Profit (loss) for the period before taxes9903 | €291k | €65k | €307k | €349k | €311k | ▼ 10.9% |
| Transfer from deferred taxes780 | - | €1k | - | - | - | - |
| Income taxes67/77 | €96k | €27k | €102k | €107k | €99k | ▼ 6.9% |
| Profit (loss) for the period9904 | €196k | €39k | €205k | €242k | €212k | ▼ 12.7% |
| Profit (loss) for the period to be appropriated9905 | €196k | €39k | €205k | €242k | €212k | ▼ 12.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.03M | €1.85M | €1.82M | €1.92M | €2.01M | ▲ 4.5% |
| Fixed assets21/28 | €633k | €1.54M | €1.58M | €1.55M | €1.49M | ▼ 4.0% |
| Tangible fixed assets22/27 | €632k | €1.54M | €1.58M | €1.55M | €1.49M | ▼ 4.0% |
| Land and buildings22 | - | €1.23M | €1.21M | €1.18M | €1.15M | ▼ 2.8% |
| Plant, machinery and equipment23 | - | €265k | €289k | €261k | €240k | ▼ 7.8% |
| Furniture and vehicles24 | - | €44k | €76k | €108k | €99k | ▼ 7.8% |
| Financial fixed assets28 | €75 | €391 | €391 | €391 | €391 | = |
| Current assets29/58 | €398k | €305k | €242k | €369k | €517k | ▲ 40.2% |
| Amounts receivable after more than one year29 | - | - | - | - | €275k | - |
| Other amounts receivable291 | - | - | - | - | €275k | - |
| Stocks and contracts in progress3 | €6k | €102k | €6k | €10k | €9k | ▼ 12.3% |
| Stocks30/36 | - | €102k | €6k | €10k | €9k | ▼ 12.3% |
| Amounts receivable within one year40/41 | €50k | €54k | €93k | €54k | €47k | ▼ 12.1% |
| Trade receivables40 | - | €52k | €90k | €54k | €47k | ▼ 12.1% |
| Other amounts receivable41 | - | €2k | €4k | - | - | - |
| Cash at bank and in hand54/58 | €341k | €148k | €143k | €304k | €186k | ▼ 38.9% |
| Deferred charges and accrued income490/1 | - | - | - | €717 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.03M | €1.85M | €1.82M | €1.92M | €2.01M | ▲ 4.5% |
| Equity10/15 | €269k | €313k | €487k | €591k | €761k | ▲ 28.8% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Outside capital11 | - | €6k | - | - | - | - |
| Other1109/19 | - | €6k | - | - | - | - |
| Reserves13 | €259k | €235k | €417k | €529k | €707k | ▲ 33.7% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €233k | €415k | €527k | €705k | ▲ 33.8% |
| Profit (loss) carried forward14 | €2k | €2k | €2k | €2k | €2k | = |
| Investment grants15 | - | €70k | €62k | €54k | €47k | ▼ 14.3% |
| Provisions and deferred taxes16 | €1k | - | - | - | - | - |
| Amounts payable17/49 | €760k | €1.54M | €1.33M | €1.33M | €1.25M | ▼ 6.3% |
| Amounts payable after more than one year17 | €403k | €1.00M | €913k | €862k | €780k | ▼ 9.5% |
| Financial debts170/4 | - | €1.00M | €913k | €862k | €780k | ▼ 9.5% |
| Amounts payable within one year42/48 | €154k | €305k | €192k | €228k | €194k | ▼ 14.9% |
| Current portion of amounts payable after more than one year42 | - | €81k | €93k | €90k | €82k | ▼ 9.2% |
| Trade debts44 | €18k | €33k | €26k | €26k | €24k | ▼ 6.0% |
| Suppliers440/4 | - | €33k | €26k | €26k | €24k | ▼ 6.0% |
| Advances received on contracts in progress46 | - | €16k | €19k | €21k | €23k | ▲ 10.2% |
| Taxes, remuneration and social security45 | - | €116k | €49k | €92k | €53k | ▼ 41.6% |
| Taxes450/3 | - | €106k | €36k | €67k | €30k | ▼ 55.2% |
| Remuneration and social security454/9 | - | €10k | €13k | €25k | €24k | ▼ 5.4% |
| Other amounts payable47/48 | - | €59k | €5k | - | €12k | - |
| Accrued charges and deferred income492/3 | - | €230k | €227k | €239k | €271k | ▲ 13.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €196k | €39k | €205k | €242k | €212k | ▼ 12.7% |
| + Depreciation and write-downs630 | €61k | €66k | €72k | €110k | €106k | ▼ 3.8% |
| Operating cash flow (approximation) | €257k | €106k | €277k | €353k | €318k | ▼ 9.9% |
| Investment in fixed assets (approximation) | - | €-977k | €-107k | €-84k | €-44k | ▲ 47.6% |
| Change in cash | - | €-193k | €-5k | €162k | €-118k | ▼ 173% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €242k ▲18.2%
Operating result €359k, net result €242k, both a record.
31-12
Financial
Equity above €500kEq €591k ▲21.3%
6 profitable years in a row build equity to €591k.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €269k ▲214%
3 profitable years in a row build equity to €269k.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
08-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Anderlecht · 5 establishment units since 2010
Ground area
1,598 m²
Building footprint
773 m²
Volume, LiDAR
6,758 m³
5 parcels, Brussels, Flanders · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
5 establishment units
SPRL PATRICK VANHORENBEKE
since 20102.189.738.871
Tarantellastraat 14, 1070 Anderlecht
since 20162.251.234.002
Waverse steenweg 1712, 1160 Oudergem
since 20192.294.355.747
PATRICK VANHORENBEKE
since 20212.318.530.226
IMMO VHB
since 20262.384.888.817
5 parcels
Flanders
1
(20%)
Brussels
4
(80%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0013/00R005 | Brussels | 648 m² | 1 · 213 m² | 9.0 m · 2 fl. |
| 21019A0148/00T003 | Brussels | 422 m² | 1 · 298 m² | 16.1 m · 4 fl. |
| 21302A0013/00G008 | Brussels | 235 m² | 1 · 97 m² | 15.0 m · 4 fl. |
| 21332B0120/00N006 | Brussels | 160 m² | 1 · 84 m² | 13.2 m · 3 fl. |
| 23016B0139/00V002 | Flanders | 132 m² | 1 · 81 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 903 companies in sector 96301 we hold annual accounts for 612. 481 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded25-06-2010
Fiscal year end31-12
Activities, NACEBEL 2025
96301Funeral services
Scores and ratios are computed by Checked and are not a credit decision.