VAHECON
ActiveVAHECON has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €370k and a net result of €94k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 49% of 9369 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
90
/ 100
Excellent▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+6
Solvency96▼-4
Growth58▼-20
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.16 against 6.7 in 2024), and 46.5% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
53.5%
Return on assets
13.6%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
49 d early
2023
50 d early
2022
34 d early
2021
27 d early
2020
40 d early
2019
52 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€370k▼ 28.0%
2024 · €513k
2018: €447k
2019: €509k
2020: €528k
2021: €488k
2022: €449k
2023: €474k
2024: €513k
2018 → 2025
Total assets
€691k▲ 15.9%
2024 · €596k
2018: €604k
2019: €680k
2020: €740k
2021: €718k
2022: €680k
2023: €800k
2024: €596k
2018 → 2025
Net result
€94k▼ 2.2%
2024 · €96k
2018: €59k
2019: €62k
2020: €86k
2021: €89k
2022: €75k
2023: €85k
2024: €96k
2018 → 2025
Working capital
€361k▼ 24.1%
2024 · €475k
2018: €451k
2019: €514k
2020: €537k
2021: €445k
2022: €430k
2023: €468k
2024: €475k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€488k-€449k▼ 7.9%€474k▲ 5.6%€513k▲ 8.2%€370k▼ 28.0%
Operating result€124k-€113k▼ 8.7%€120k▲ 6.2%€123k▲ 1.8%€127k▲ 3.9%
Net result€89k-€75k▼ 15.8%€85k▲ 13.3%€96k▲ 13.3%€94k▼ 2.2%
Turnover and EBIT margin not published: the micro 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 4% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €691k
Fixed assets
€21k▼ 45.6%
Current assets
€670k▲ 20.1%
Equity and liabilities €691k
Equity
€370k▼ 28.0%
Debt
€322k▲ 286%
The debt ratio rises from 14.0% to 46.5%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€145k▲
2024 · €140k
Cash flow
€111k▼
2024 · €113k
Solvency
53.5%▼
2024 · 86.0%
Current ratio
2.16▼
2024 · 6.70
Quick ratio
2.16▼
2024 · 6.70
Debt / equity
0.87▲
2024 · 0.16
ROE
25.4%▲
2024 · 18.7%
ROA
13.6%▼
2024 · 16.1%
Interest coverage
214.10▼
2024 · 428.94
Debt
€322k▲
2024 · €83k
Debt ≤ 1 year
€310k▲
2024 · €83k
Income taxes
€41k▲
2024 · €39k
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€596k€691k▲
Fixed assets21/28€38k€21k▼
Tangible fixed assets22/27€38k€21k▼
Plant, machinery and equipment23€947-
Furniture and vehicles24€37k€21k▼
Current assets29/58€558k€670k▲
Amounts receivable within one year40/41€51k€54k▲
Trade receivables40€39k€41k▲
Other amounts receivable41€12k€13k▲
Current investments50/53€2k-
Cash at bank and in hand54/58€502k€614k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€596k€691k▲
Equity10/15€513k€370k▼
Contributions10/11€12k€12k=
Reserves13€501k€357k▼
Tax-exempt reserves132€5k-
Distributable reserves133€496k€357k▼
Amounts payable17/49€83k€322k▲
Amounts payable within one year42/48€83k€310k▲
Trade debts44€111€179▲
Suppliers440/4€111€179▲
Taxes, remuneration and social security45€28k€17k▼
Taxes450/3€28k€17k▼
Other amounts payable47/48€55k€293k▲
Accrued charges and deferred income492/3-€12k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▲
Other operating charges640/8€712€611▼
Gross operating margin9900€141k€145k▲
Operating profit (loss)9901€123k€127k▲
Financial income75/76B€13k€8k▼
Recurring financial income75€13k€8k▼
Non-recurring financial income76B€13k€8k▼
Financial charges65/66B€326€676▲
Recurring financial charges65€326€676▲
Profit (loss) for the period before taxes9903€135k€135k▲
Income taxes67/77€39k€41k▲
Profit (loss) for the period9904€96k€94k▼
Transfer from tax-exempt reserves789-€5k
Profit (loss) for the period to be appropriated9905€96k€99k▲
Appropriation of the result
Profit (loss) to be appropriated9906€96k€99k▲
Transfer from equity791/2€57k€238k▲
Transfer to equity691/2€96k€99k▲
To other reserves6921€96k€99k▲
Profit to be distributed694/7€57k€238k▲
Return on contributions (dividend)694€57k€238k▲
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
Next filing, fiscal year 2026, expected by
2026
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €96k ▲13.3%
Net result €96k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 6.70
Current ratio from 2.51 to 6.70; short-term debt falls from €309k to €83k.
31-12
Financial
Equity above €500kEq €513k ▲8.2%
7 profitable years in a row build equity to €513k.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €500kEq €509k ▲13.9%
2 profitable years in a row build equity to €509k.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2023
Alain Van Hemelrijk
CurrentDirector · since 29-11-2023
29-11-2023
Appointed as Director
Location & real-estate footprint
Registered office, Bornem · 1 establishment unit since 2004
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.
Paardenstraat(MAR) 572880 BornemGround area
915 m²
Building footprint
146 m²
Volume, LiDAR
792 m³
Parcel 12024A0122/00X000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VAHECON
since 20042.137.177.244
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12024A0122/00X000 | Flanders | 915 m² | 1 · 146 m² | 8.4 m · 2 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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GREEN CITY WALLONIE 2
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Anumecs
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AQUALE
BE 0477.877.428
Namur · Eq €368k
V2-INVEST
BE 0560.705.332
Roeselare · Eq €368k
Of 11,503 companies in sector 71121 we hold annual accounts for 6,523. 4,697 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-03-2004
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
74203
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.