Equity
€663,557 ▼ 10.0%
VAN HEMELEN paid out €156,335 in dividends. That is 190% of the 2025 profit.
VAN HEMELEN
Lifetime
20 annual accounts with figures on one time axis, 34 filings since 1992peak €886,738 (2019)
€344,114▼ 6.0%
peak €195,190 (2021)
€82,262▲ 14.5%
peak €743,386 (2023)
€663,557▼ 10.0%
€434,444▲ 6.0%
peak 10.6 FTE (2018)
2 FTE▼ 20.0%
Board5 names since 2003
5 directorsHerman VAN HEMELEN and 4 others
Documentsfilings and deeds
23-03-2026130 days before the deadline
2025abbreviated format
Staff from 2.5 FTE to 2 FTEDividend €156,335Cash from €230,620 to €102,772
Key points
from the 2025 annual accountsChecked score
91
Excellent
Financially stronger than 46% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: 0.1%▲ +0.1 percentage points vs 03-2026highest value
05-2026: 0.1%● unchanged vs 04-2026highest value
06-2026: 0.1%● unchanged vs 05-2026highest value
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Founded in 1991
Size: 2 FTE, total assets €1.1m
Equity €663,557 (60.4% of total assets)
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 66% of them on solvency, 39% on liquidity, 55% on profitability and 24% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as VAN HEMELEN has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VAN HEMELEN itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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 VAN HEMELEN. 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.
Credit verdict
Credit of up to €60,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.86 (3.03 in 2024), above the usual 1.5. Short-term debt is 32% and cash 9.4% of total assets. 39.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
66 days early
2023
65 days early
2022
56 days early
2021
31 days early
2020
40 days early
2019
52 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 63 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 next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 May (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0445901080
Legal-form change · Resignations & appointments
Reappointments: Herman VAN HEMELEN, Nick VAN HEMELEN, Sam VAN HEMELEN and Tim VAN HEMELEN · Appointment: JANSSEN Annie (director) · General meeting of 08-02-2022 · Gazette deed
Capital decrease of €138,375 to €18,592.01
Capital from €156,967.01 to €18,592.01 · General meeting of 17-01-2018 · Gazette deed
First establishment
Industrieweg 4, Merksplas
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VAN HEMELEN Merksplas | - | - | 60.4% | 2 |
| DE LEEGE MARC, Loodgieterij en Daken Niel | €0.5m | 9.0% | 97.9% | 2 |
| DURCE Chaumont-Gistoux | €1.1m | 2.3% | 6.0% | 2 |
| CROES-BELLEN Alken | - | - | 63.8% | 2.5 |
| DECUYPERE Zwevegem | - | - | 27.8% | 2.5 |
| LOODGIETERSBEDRIJF BOLLE Maldegem | - | - | 32.2% | 2 |
| MAURITS VANDEN ABBEELE EN ZONEN BVBA Berlare | - | - | 69.9% | 2.7 |
These companies have the same main activity as VAN HEMELEN: plumbing work (NACE 43221). They are comparable in size and age: total assets between €913,000 and €1.3m, founded between 1982 and 1999.
Official details
Source: KBO- Status
- Active since 13-12-1991Normal situation
- Activity
- Plumbing workNACE 43221and 3 others
- Establishment unit
- 2.125.083.5222330 Merksplas, since 07-03-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 19-08-2025
Annual accounts 2025
- ≈ €880,000estimated
- €1.1m▼ 4.3%
- Employeeson 31-12-2025
- 3▼ 25.0%
- Filing
- Filed on 23-03-2026, 130 days before the end of the filing period
Insights on VAN HEMELEN
VAN HEMELEN files the abbreviated format. That format states no turnover. The gross margin rose from €133,453 in 2006 to €344,114 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VAN HEMELEN
- What is the company number of VAN HEMELEN?
- The company number of VAN HEMELEN is 0445.901.080. The VAT number is the same number with BE in front: BE 0445.901.080.
- Where is VAN HEMELEN based?
- The registered office is at Industrieweg 4, 2330 Merksplas.Company details
- What does VAN HEMELEN do?
- According to the KBO register, the main activity is plumbing work (NACE 43221).
- What is the legal form of VAN HEMELEN?
- VAN HEMELEN is a private limited company (BV).
- When was VAN HEMELEN founded?
- VAN HEMELEN was founded on 13-12-1991.
- Is VAN HEMELEN still active?
- Yes, VAN HEMELEN is an active enterprise in the KBO register.
- How many employees does VAN HEMELEN have?
- VAN HEMELEN had an average of 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of VAN HEMELEN?
- The turnover in financial year 2025 is ≈ €880,000. This figure is estimated from the gross margin of €344,114 and 46 comparable companies (NACE 432). It probably lies between €740,000 and €1.1m.
- Is VAN HEMELEN profitable?
- In financial year 2025, VAN HEMELEN made a profit of €82,262.
- Where can I find the annual accounts of VAN HEMELEN?
- VAN HEMELEN filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VAN HEMELEN due?
- VAN HEMELEN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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