VAN HESE
ActiveSummary
VAN HESE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €940k and a net result of €68k. Equity is shrinking by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 67% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-2
Solvency95▲+8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity tight (current ratio 1.0 against 0.78 in 2024; short-term debt: 29.6% and cash: 16.2% of total assets), and 29.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
70.3%
Return on assets
5.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €940k
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 17-05-2026, 75 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
75 d early
2024
71 d early
2023
70 d early
2022
74 d early
2021
76 d early
2020
75 d early
2019
75 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, micro schema
Equity
€940k▲ 7.8%
2024 · €872k
2018: €1.48M
2019: €1.56M▲ +5.2% vs 2018
2020: €1.62M▲ +4.4% vs 2019highest in 8 years
2021: €1.58M▼ -2.6% vs 2020
2022: €696k▼ -56.0% vs 2021lowest in 8 years
2023: €785k▲ +12.8% vs 2022
2024: €872k▲ +11.1% vs 2023
2025: €940k▲ +7.8% vs 2024
2018 → 2025
Total assets
€1.34M▼ 4.5%
2024 · €1.40M
2018: €1.65M
2019: €1.69M▲ +2.5% vs 2018
2020: €1.74M▲ +3.1% vs 2019
2021: €1.77M▲ +1.8% vs 2020highest in 8 years
2022: €1.68M▼ -5.3% vs 2021
2023: €1.48M▼ -11.8% vs 2022
2024: €1.40M▼ -5.5% vs 2023
2025: €1.34M▼ -4.5% vs 2024lowest in 8 years
2018 → 2025
Net result
€68k▼ 21.3%
2024 · €87k
2018: €97khighest in 8 years
2019: €77k▼ -20.3% vs 2018
2020: €69k▼ -11.1% vs 2019
2021: €80k▲ +16.4% vs 2020
2022: €74k▼ -7.6% vs 2021
2023: €89k▲ +20.5% vs 2022
2024: €87k▼ -2.6% vs 2023
2025: €68k▼ -21.3% vs 2024lowest in 8 years
2018 → 2025
Working capital
€363
2024 · €-115k
2018: €849khighest in 8 years
2019: €500k▼ -41.1% vs 2018
2020: €546k▲ +9.1% vs 2019
2021: €520k▼ -4.8% vs 2020
2022: €-326k▼ -163% vs 2021lowest in 8 years
2023: €-211k▲ +35.4% vs 2022
2024: €-115k▲ +45.3% vs 2023
2025: €363▲ +100% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.58M-€696k▼ 56.0%€785k▲ 12.8%€872k▲ 11.1%€940k▲ 7.8%
2021: €1.58Mhighest in 5 years
2022: €696k▼ -56.0% vs 2021lowest in 5 years
2023: €785k▲ +12.8% vs 2022
2024: €872k▲ +11.1% vs 2023
2025: €940k▲ +7.8% vs 2024
Operating result€94k-€89k▼ 4.7%€107k▲ 20.1%€108k▲ 0.6%€84k▼ 22.1%
2021: €94k
2022: €89k▼ -4.7% vs 2021
2023: €107k▲ +20.1% vs 2022
2024: €108k▲ +0.6% vs 2023highest in 5 years
2025: €84k▼ -22.1% vs 2024lowest in 5 years
Net result€80k-€74k▼ 7.6%€89k▲ 20.5%€87k▼ 2.6%€68k▼ 21.3%
2021: €80k
2022: €74k▼ -7.6% vs 2021
2023: €89k▲ +20.5% vs 2022highest in 5 years
2024: €87k▼ -2.6% vs 2023
2025: €68k▼ -21.3% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.34M
Fixed assets
€941k ▼ 4.8%
Current assets
€396k ▼ 3.7%
Equity and liabilities €1.34M
Equity
€940k ▲ 7.8%
Debt
€397k ▼ 24.8%
Debt's share of the balance-sheet total falls from 37.7% to 29.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€133k▼
2024 · €155k
Cash flow
€117k▼
2024 · €134k
Current ratio
1.00▲
2024 · 0.78
Debt to equity
0.42▼
2024 · 0.61
ROE
7.3%▼
2024 · 10.0%
ROA
5.1%▼
2024 · 6.2%
Interest coverage
520.80▼
2024 · 659.65
Debt ≤ 1 year
€395k▼
2024 · €526k
Income taxes
€17k▼
2024 · €23k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.40M€1.34M▼
Fixed assets21/28€989k€941k▼
Tangible fixed assets22/27€989k€941k▼
Land and buildings22€957k€916k▼
Plant, machinery and equipment23€3k€4k▲
Furniture and vehicles24€28k€22k▼
Current assets29/58€411k€396k▼
Amounts receivable within one year40/41€27k€25k▼
Trade receivables40€27k€25k▼
Current investments50/53-€150k
Cash at bank and in hand54/58€381k€216k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.40M€1.34M▼
Equity10/15€872k€940k▲
Contributions10/11€19k€19k=
Reserves13€853k€921k▲
Tax-exempt reserves132€38k€38k=
Distributable reserves133€816k€884k▲
Amounts payable17/49€528k€397k▼
Amounts payable within one year42/48€526k€395k▼
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€11k€11k▼
Taxes450/3€11k€11k▼
Other amounts payable47/48€514k€383k▼
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€49k▲
Other operating charges640/8€7k€6k▼
Gross operating margin9900€162k€139k▼
Operating profit (loss)9901€108k€84k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€235€255▲
Recurring financial charges65€235€255▲
Profit (loss) for the period before taxes9903€110k€86k▼
Income taxes67/77€23k€17k▼
Profit (loss) for the period9904€87k€68k▼
Profit (loss) for the period to be appropriated9905€87k€68k▼
Appropriation of the result
Profit (loss) to be appropriated9906€87k€68k▼
Transfer to equity691/2€87k€68k▼
To other reserves6921€87k€68k▼
The notes to these accounts (5 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51k | €49k | €47k | €47k | €49k | ▲ 3.7% |
| Other operating charges640/8 | €6k | €6k | €6k | €7k | €6k | ▼ 13.7% |
| Gross operating margin9900 | €150k | €144k | €160k | €162k | €139k | ▼ 14.3% |
| Operating profit (loss)9901 | €94k | €89k | €107k | €108k | €84k | ▼ 22.1% |
| Financial income75/76B | €4k | €4k | €5k | €2k | €2k | ▼ 17.5% |
| Recurring financial income75 | €4k | €4k | €5k | €2k | €2k | ▼ 17.5% |
| Financial charges65/66B | €-2k | €-14 | €386 | €235 | €255 | ▲ 8.5% |
| Recurring financial charges65 | €-2k | €-14 | €386 | €235 | €255 | ▲ 8.5% |
| Profit (loss) for the period before taxes9903 | €101k | €93k | €112k | €110k | €86k | ▼ 22.1% |
| Income taxes67/77 | €21k | €19k | €23k | €23k | €17k | ▼ 25.1% |
| Profit (loss) for the period9904 | €80k | €74k | €89k | €87k | €68k | ▼ 21.3% |
| Profit (loss) for the period to be appropriated9905 | €80k | €74k | €89k | €87k | €68k | ▼ 21.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.77M | €1.68M | €1.48M | €1.40M | €1.34M | ▼ 4.5% |
| Fixed assets21/28 | €1.07M | €1.02M | €999k | €989k | €941k | ▼ 4.8% |
| Tangible fixed assets22/27 | €1.07M | €1.02M | €999k | €989k | €941k | ▼ 4.8% |
| Land and buildings22 | €1.06M | €1.02M | €998k | €957k | €916k | ▼ 4.3% |
| Plant, machinery and equipment23 | €4k | €806 | €403 | €3k | €4k | ▲ 14.4% |
| Furniture and vehicles24 | €10k | €5k | - | €28k | €22k | ▼ 24.0% |
| Other tangible fixed assets26 | €972 | €648 | €324 | - | - | - |
| Current assets29/58 | €702k | €656k | €483k | €411k | €396k | ▼ 3.7% |
| Amounts receivable within one year40/41 | €13k | €16k | €31k | €27k | €25k | ▼ 4.3% |
| Trade receivables40 | €13k | €16k | €31k | €27k | €25k | ▼ 4.3% |
| Current investments50/53 | €98k | €100k | - | - | €150k | - |
| Cash at bank and in hand54/58 | €589k | €538k | €449k | €381k | €216k | ▼ 43.3% |
| Deferred charges and accrued income490/1 | €988 | €3k | €2k | €3k | €4k | ▲ 34.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.77M | €1.68M | €1.48M | €1.40M | €1.34M | ▼ 4.5% |
| Equity10/15 | €1.58M | €696k | €785k | €872k | €940k | ▲ 7.8% |
| Contributions10/11 | €979k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €603k | €677k | €766k | €853k | €921k | ▲ 8.0% |
| Non-distributable reserves130/1 | €20k | - | - | - | - | - |
| Reserves not available under the articles1311 | €20k | - | - | - | - | - |
| Tax-exempt reserves132 | €38k | €38k | €38k | €38k | €38k | = |
| Distributable reserves133 | €546k | €640k | €729k | €816k | €884k | ▲ 8.4% |
| Amounts payable17/49 | €192k | €984k | €697k | €528k | €397k | ▼ 24.8% |
| Amounts payable after more than one year17 | €9k | - | - | - | - | - |
| Financial debts170/4 | €9k | - | - | - | - | - |
| Amounts payable within one year42/48 | €182k | €982k | €694k | €526k | €395k | ▼ 24.9% |
| Current portion of amounts payable after more than one year42 | €37k | €12k | - | - | - | - |
| Trade debts44 | €1k | €2k | €2k | €2k | €2k | ▼ 12.7% |
| Suppliers440/4 | €1k | €2k | €2k | €2k | €2k | ▼ 12.7% |
| Taxes, remuneration and social security45 | €12k | €10k | €14k | €11k | €11k | ▼ 2.0% |
| Taxes450/3 | €12k | €10k | €14k | €11k | €11k | ▼ 2.0% |
| Other amounts payable47/48 | €132k | €959k | €678k | €514k | €383k | ▼ 25.4% |
| Accrued charges and deferred income492/3 | €1k | €1k | €3k | €2k | €2k | ▲ 3.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €80k | €74k | €89k | €87k | €68k | ▼ 21.3% |
| + Depreciation and write-downs630 | €51k | €49k | €47k | €47k | €49k | ▲ 3.7% |
| Operating cash flow (approximation) | €131k | €123k | €136k | €134k | €117k | ▼ 12.6% |
| Investment in fixed assets (approximation) | - | €0 | €-22k | €-37k | €-1k | ▲ 96.7% |
| Change in cash | - | €-52k | €-88k | €-68k | €-165k | ▼ 143% |
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
17-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €68k ▼21.3%
Net result drops to €68k, the lowest in the series.
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
05-07
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.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Niklaas · 1 establishment unit since 1993
Ground area
4,146 m²
Building footprint
119 m²
Volume, LiDAR
714 m³
Parcel 46002B0290/00H000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Eikenlaan 21, 9111 Sint-Niklaas
since 19932.061.119.049
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002B0290/00H000 | Flanders | 4,146 m² | 1 · 119 m² | 7.9 m · 2 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.
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Of 2,143 companies in sector 71209 we hold annual accounts for 1,085. 585 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
Founded08-01-1993
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.