VAN HEMELEN
ActiveSummary
VAN HEMELEN has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €664k and a net result of €82k. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 69% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+1
Solvency85▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.86 against 3.03 in 2024; short-term debt: 32% and cash: 9.4% of total assets), and 39.6% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
60.4%
Return on assets
7.5%
Age of the figures
9 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 23-03-2026, 130 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
130 d early
2024
66 d early
2023
65 d early
2022
56 d early
2021
31 d early
2020
40 d early
2019
52 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€664k▼ 10.0%
2024 · €738k
2018: €413klowest in 8 years
2019: €467k▲ +13.3% vs 2018
2020: €496k▲ +6.2% vs 2019
2021: €566k▲ +14.1% vs 2020
2022: €646k▲ +14.1% vs 2021
2023: €743k▲ +15.1% vs 2022highest in 8 years
2024: €738k▼ -0.8% vs 2023
2025: €664k▼ -10.0% vs 2024
2018 → 2025
Total assets
€1.10M▼ 4.3%
2024 · €1.15M
2018: €1.10M
2019: €1.13M▲ +2.7% vs 2018
2020: €1.39M▲ +22.9% vs 2019
2021: €1.47M▲ +5.6% vs 2020highest in 8 years
2022: €1.34M▼ -8.9% vs 2021
2023: €1.22M▼ -9.0% vs 2022
2024: €1.15M▼ -5.8% vs 2023
2025: €1.10M▼ -4.3% vs 2024lowest in 8 years
2018 → 2025
Net result
€82k▲ 14.5%
2024 · €72k
2018: €45klowest in 8 years
2019: €78k▲ +72.3% vs 2018
2020: €156k▲ +101% vs 2019
2021: €195k▲ +24.9% vs 2020highest in 8 years
2022: €146k▼ -25.2% vs 2021
2023: €143k▼ -2.3% vs 2022
2024: €72k▼ -49.6% vs 2023
2025: €82k▲ +14.5% vs 2024
2018 → 2025
Working capital
€654k▼ 2.7%
2024 · €672k
2018: €453klowest in 8 years
2019: €522k▲ +15.2% vs 2018
2020: €638k▲ +22.2% vs 2019
2021: €634k▼ -0.5% vs 2020
2022: €680k▲ +7.1% vs 2021
2023: €812k▲ +19.5% vs 2022highest in 8 years
2024: €672k▼ -17.2% vs 2023
2025: €654k▼ -2.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€566k-€646k▲ 14.1%€743k▲ 15.1%€738k▼ 0.8%€664k▼ 10.0%
2021: €566klowest in 5 years
2022: €646k▲ +14.1% vs 2021
2023: €743k▲ +15.1% vs 2022highest in 5 years
2024: €738k▼ -0.8% vs 2023
2025: €664k▼ -10.0% vs 2024
Operating result€285k-€204k▼ 28.3%€198k▼ 3.1%€113k▼ 42.8%€114k▲ 0.9%
2021: €285khighest in 5 years
2022: €204k▼ -28.3% vs 2021
2023: €198k▼ -3.1% vs 2022
2024: €113k▼ -42.8% vs 2023lowest in 5 years
2025: €114k▲ +0.9% vs 2024
Net result€195k-€146k▼ 25.2%€143k▼ 2.3%€72k▼ 49.6%€82k▲ 14.5%
2021: €195khighest in 5 years
2022: €146k▼ -25.2% vs 2021
2023: €143k▼ -2.3% vs 2022
2024: €72k▼ -49.6% vs 2023lowest in 5 years
2025: €82k▲ +14.5% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.10M
Fixed assets
€93k ▼ 35.3%
Current assets
€1.00M ▲ 0.1%
Equity and liabilities €1.10M
Equity
€664k ▼ 10.0%
Debt
€434k ▲ 6.0%
Debt's share of the balance-sheet total rises from 35.7% to 39.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€173k▲
2024 · €171k
Cash flow
€141k▲
2024 · €129k
Current ratio
2.86▼
2024 · 3.03
Quick ratio
2.53▲
2024 · 2.50
Debt to equity
0.65▲
2024 · 0.56
ROE
12.4%▲
2024 · 9.7%
ROA
7.5%▲
2024 · 6.3%
Interest coverage
19.58▲
2024 · 8.49
Debt ≤ 1 year
€351k▲
2024 · €331k
Debt > 1 year
€81k▲
2024 · €71k
Income taxes
€34k▲
2024 · €29k
Staff costs
€167k▼
2024 · €190k
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 · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.15M€1.10M▼
Fixed assets21/28€144k€93k▼
Tangible fixed assets22/27€134k€83k▼
Land and buildings22€59k€31k▼
Plant, machinery and equipment23€23k€20k▼
Furniture and vehicles24€52k€32k▼
Financial fixed assets28€10k€10k=
Current assets29/58€1.00M€1.00M▲
Stocks and contracts in progress3€174k€117k▼
Stocks30/36€154k€116k▼
Contracts in progress37€20k€2k▼
Amounts receivable within one year40/41€599k€785k▲
Trade receivables40€201k€233k▲
Other amounts receivable41€398k€551k▲
Cash at bank and in hand54/58€231k€103k▼
Deferred charges and accrued income490/1€269€0▼
Equity and liabilities
Total equity and liabilities10/49€1.15M€1.10M▼
Equity10/15€738k€664k▼
Contributions10/11€19k€19k=
Reserves13€719k€645k▼
Distributable reserves133€719k€645k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€410k€434k▲
Amounts payable after more than one year17€71k€81k▲
Financial debts170/4€71k€81k▲
Amounts payable within one year42/48€331k€351k▲
Current portion of amounts payable after more than one year42€40k€40k▼
Financial debts43€24k€0▼
Credit institutions430/8€24k€0▼
Trade debts44€90k€95k▲
Suppliers440/4€90k€95k▲
Taxes, remuneration and social security45€6k€19k▲
Taxes450/3€1k€15k▲
Remuneration and social security454/9€5k€4k▼
Other amounts payable47/48€172k€197k▲
Accrued charges and deferred income492/3€7k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€11k€0▼
Remuneration, social security and pensions62€190k€167k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€59k▲
Other operating charges640/8€5k€4k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€366k€344k▼
Operating profit (loss)9901€113k€114k▲
Financial income75/76B€8k€11k▲
Recurring financial income75€8k€11k▲
Financial charges65/66B€20k€9k▼
Recurring financial charges65€20k€9k▼
Profit (loss) for the period before taxes9903€101k€117k▲
Income taxes67/77€29k€34k▲
Profit (loss) for the period9904€72k€82k▲
Profit (loss) for the period to be appropriated9905€72k€82k▲
Appropriation of the result
Profit (loss) to be appropriated9906€72k€82k▲
Transfer from equity791/2€78k€156k▲
Transfer to equity691/2€72k€82k▲
To other reserves6921€72k€82k▲
Profit to be distributed694/7€78k€156k▲
Return on contributions (dividend)694€78k€156k▲
Social balance
Average headcount (FTE)90872.52.0▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €6k | €0 | €11k | €11k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €338k | €325k | €254k | €190k | €167k | ▼ 12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €86k | €81k | €69k | €57k | €59k | ▲ 2.9% |
| Other operating charges640/8 | €4k | €8k | €6k | €5k | €4k | ▼ 35.2% |
| Non-recurring operating charges66A | - | €1k | €11k | €0 | - | - |
| Gross operating margin9900 | €713k | €620k | €538k | €366k | €344k | ▼ 6.0% |
| Operating profit (loss)9901 | €285k | €204k | €198k | €113k | €114k | ▲ 0.9% |
| Financial income75/76B | €13k | €21k | €25k | €8k | €11k | ▲ 38.8% |
| Recurring financial income75 | €13k | €21k | €25k | €8k | €11k | ▲ 38.8% |
| Financial charges65/66B | €13k | €12k | €18k | €20k | €9k | ▼ 56.0% |
| Recurring financial charges65 | €13k | €12k | €18k | €20k | €9k | ▼ 56.0% |
| Profit (loss) for the period before taxes9903 | €284k | €213k | €205k | €101k | €117k | ▲ 15.3% |
| Income taxes67/77 | €89k | €67k | €63k | €29k | €34k | ▲ 17.1% |
| Profit (loss) for the period9904 | €195k | €146k | €143k | €72k | €82k | ▲ 14.5% |
| Profit (loss) for the period to be appropriated9905 | €195k | €146k | €143k | €72k | €82k | ▲ 14.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.47M | €1.34M | €1.22M | €1.15M | €1.10M | ▼ 4.3% |
| Fixed assets21/28 | €290k | €237k | €147k | €144k | €93k | ▼ 35.3% |
| Tangible fixed assets22/27 | €290k | €237k | €137k | €134k | €83k | ▼ 37.9% |
| Land and buildings22 | €140k | €117k | €88k | €59k | €31k | ▼ 46.9% |
| Plant, machinery and equipment23 | €43k | €31k | €17k | €23k | €20k | ▼ 14.9% |
| Furniture and vehicles24 | €88k | €81k | €32k | €52k | €32k | ▼ 37.9% |
| Leasing and similar rights25 | €19k | €7k | €0 | - | - | - |
| Financial fixed assets28 | - | - | €10k | €10k | €10k | = |
| Current assets29/58 | €1.18M | €1.10M | €1.07M | €1.00M | €1.00M | ▲ 0.1% |
| Stocks and contracts in progress3 | €195k | €253k | €164k | €174k | €117k | ▼ 32.6% |
| Stocks30/36 | €190k | €240k | €163k | €154k | €116k | ▼ 24.6% |
| Contracts in progress37 | €5k | €13k | €205 | €20k | €2k | ▼ 92.6% |
| Amounts receivable within one year40/41 | €564k | €466k | €675k | €599k | €785k | ▲ 31.1% |
| Trade receivables40 | €181k | €193k | €219k | €201k | €233k | ▲ 16.1% |
| Other amounts receivable41 | €383k | €274k | €456k | €398k | €551k | ▲ 38.7% |
| Cash at bank and in hand54/58 | €413k | €381k | €232k | €231k | €103k | ▼ 55.4% |
| Deferred charges and accrued income490/1 | €8k | €1k | €674 | €269 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.47M | €1.34M | €1.22M | €1.15M | €1.10M | ▼ 4.3% |
| Equity10/15 | €566k | €646k | €743k | €738k | €664k | ▼ 10.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €547k | €627k | €725k | €719k | €645k | ▼ 10.3% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €546k | €625k | €725k | €719k | €645k | ▼ 10.3% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €904k | €693k | €475k | €410k | €434k | ▲ 6.0% |
| Amounts payable after more than one year17 | €350k | €265k | €204k | €71k | €81k | ▲ 14.3% |
| Financial debts170/4 | €350k | €265k | €204k | €71k | €81k | ▲ 14.3% |
| Amounts payable within one year42/48 | €545k | €423k | €260k | €331k | €351k | ▲ 6.0% |
| Current portion of amounts payable after more than one year42 | €89k | €85k | €61k | €40k | €40k | ▼ 1.0% |
| Financial debts43 | €90k | €35k | €28k | €24k | €0 | ▼ 100% |
| Credit institutions430/8 | €90k | €35k | €28k | €24k | €0 | ▼ 100% |
| Trade debts44 | €219k | €181k | €85k | €90k | €95k | ▲ 5.5% |
| Suppliers440/4 | €219k | €181k | €85k | €90k | €95k | ▲ 5.5% |
| Taxes, remuneration and social security45 | €21k | €17k | €13k | €6k | €19k | ▲ 235% |
| Taxes450/3 | €13k | €9k | €8k | €1k | €15k | ▲ 1,387% |
| Remuneration and social security454/9 | €8k | €8k | €5k | €5k | €4k | ▼ 17.8% |
| Other amounts payable47/48 | €125k | €105k | €73k | €172k | €197k | ▲ 14.7% |
| Accrued charges and deferred income492/3 | €9k | €6k | €11k | €7k | €2k | ▼ 71.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €195k | €146k | €143k | €72k | €82k | ▲ 14.5% |
| + Depreciation and write-downs630 | €86k | €81k | €69k | €57k | €59k | ▲ 2.9% |
| Operating cash flow (approximation) | €281k | €227k | €212k | €129k | €141k | ▲ 9.3% |
| Investment in fixed assets (approximation) | - | €-27k | €21k | €-55k | €-8k | ▲ 85.1% |
| Change in cash | - | €-31k | €-149k | €-2k | €-128k | ▼ 7,613% |
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
Next filing, fiscal year 2026, expected by
2026
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €195k ▲24.9%
Operating result €285k, net result €195k, both a record.
31-12
Financial
Equity above €500kEq €566k ▲14.1%
4 profitable years in a row build equity to €566k.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Merksplas · 1 establishment unit since 2003
Ground area
2,720 m²
Building footprint
26 m²
Volume, LiDAR
39 m³
Parcel 13023G0170/00D006, Flanders · tallest building 2.8 m, ±1 floor. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
VAN HEMELEN
since 20032.125.083.522
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13023G0170/00D006 | Flanders | 2,720 m² | 1 · 25 m² | 2.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 107 EUR awarded · 107 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 107 EUR | 107 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,044 companies in sector 43221 we hold annual accounts for 3,472. 2,065 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
Founded13-12-1991
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43240Other construction installation
Scores and ratios are computed by Checked and are not a credit decision.