VAN HOUT IMMO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 16-06-2026 PDF all 29 filings
Turnover
≈ €160,000
Estimated: probably between €71,000 and €370,000
Total assets
€707,126▼ 0.9%
2024 · €713,815
Net result
-€2,520
2024 · €1,105
Working capital
-€230,622▲ 6.2%
2024 · -€245,790
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€1,345
2025
20182025
Net result
-€2,520
2025
20182025
Equity
€343,680
▼ 0.7%
2025
20182025
Total assets
€707,126
▼ 0.9%
2025
20182025
Debt
€283,910
▼ 0.1%
2025
20182025
Working capital
-€230,622
▲ 6.2%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€348,351--€854-€5,792▼ 578%-€14,600▼ 152%-€914▲ 93.7%€1,005€747▼ 25.7%-€1,345
Net result€245,076--€547-€4,551▼ 732%-€11,661▼ 156%-€2,137▲ 81.7%-€1,013▲ 52.6%€1,105-€2,520
Equity€352,605-€352,058▼ 0.2%€347,507▼ 1.3%€348,245▲ 0.2%€346,108▼ 0.6%€345,095▼ 0.3%€346,200▲ 0.3%€343,680▼ 0.7%
Total assets€458,504-€452,077▼ 1.4%€547,162▲ 21.0%€719,920▲ 31.6%€748,299▲ 3.9%€740,402▼ 1.1%€713,815▼ 3.6%€707,126▼ 0.9%
Debt€6,699-€822▼ 87.7%€101,729▲ 124×€276,729▲ 172%€311,098▲ 12.4%€308,067▼ 1.0%€284,227▼ 7.7%€283,910▼ 0.1%
Working capital€453,305-€232,181▼ 48.8%€113,971▼ 50.9%-€272,963-€281,138▼ 3.0%-€265,323▲ 5.6%-€245,790▲ 7.4%-€230,622▲ 6.2%
The operating result for 2025 is a loss of €1,345, after a profit of €747 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €707,126
Fixed assets
€654,638 ▼ 3.2%
Current assets
€52,488 ▲ 39.4%
Equity and liabilities €707,126
Equity
€343,680 ▼ 0.7%
Provisions
€79,536 ▼ 4.6%
Debt
€283,910 ▼ 0.1%
Debt's share of the balance-sheet total rises from 39.8% to 40.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€20,166▼
2024 · €22,258
Cash flow
€18,991▼
2024 · €22,615
Current ratio
0.19▲
2024 · 0.13
Debt to equity
0.83▲
2024 · 0.82
ROE
-0.7%▼
2024 · 0.3%
ROA
-0.4%▼
2024 · 0.2%
Interest coverage
7.18▼
2024 · over 100
Debt ≤ 1 year
€283,110▼
2024 · €283,457
Income taxes
€2,217▼
2024 · €3,437
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €398,882 | €24,455 | - | - | - |
| Depreciation and write-downs of the year | €14,191 | €21,439 | €21,511 | €21,511 | €21,511 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €8 | €5,563 | €14,191 | €21,439 | €21,511 | €21,511 | €21,511 | = |
| Other operating charges640/8 | - | - | - | - | - | - | €227 | €236 | ▲ 3.8% |
| Gross operating margin9900 | €359,427 | -€846 | -€229 | -€410 | €20,525 | €22,516 | €22,485 | €20,402 | ▼ 9.3% |
| Operating profit (loss)9901 | €348,351 | -€854 | -€5,792 | -€14,600 | -€914 | €1,005 | €747 | -€1,345 | - |
| Financial charges65/66B | - | - | - | €42 | €4,929 | €3,054 | €59 | €2,810 | ▲ 48× |
| Recurring financial charges65 | €24 | €22 | €31 | €42 | €4,929 | €3,054 | €59 | €2,810 | ▲ 48× |
| Profit (loss) for the period before taxes9903 | €348,326 | -€876 | -€5,823 | -€14,642 | -€5,843 | -€2,049 | €689 | -€4,155 | - |
| Transfer from deferred taxes780 | - | - | - | €2,981 | €3,852 | €3,852 | €3,852 | €3,852 | = |
| Income taxes67/77 | €4,051 | -€327 | - | - | €147 | €2,817 | €3,437 | €2,217 | ▼ 35.5% |
| Profit (loss) for the period9904 | €245,076 | -€547 | -€4,551 | -€11,661 | -€2,137 | -€1,013 | €1,105 | -€2,520 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €7,096 | €9,171 | €9,171 | €9,171 | €9,171 | = |
| Profit (loss) for the period to be appropriated9905 | €8,915 | -€542 | -€1,524 | -€4,565 | €7,034 | €8,159 | €10,276 | €6,652 | ▼ 35.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €458,504 | €452,077 | €547,162 | €719,920 | €748,299 | €740,402 | €713,815 | €707,126 | ▼ 0.9% |
| Fixed assets21/28 | - | €219,075 | €331,462 | €716,154 | €719,169 | €697,659 | €676,148 | €654,638 | ▼ 3.2% |
| Tangible fixed assets22/27 | - | €219,075 | €331,462 | €716,154 | €719,169 | €697,659 | €676,148 | €654,638 | ▼ 3.2% |
| Land and buildings22 | - | - | - | €716,154 | €719,169 | €697,659 | €676,148 | €654,638 | ▼ 3.2% |
| Current assets29/58 | €458,504 | €233,003 | €215,700 | €3,766 | €29,129 | €42,744 | €37,667 | €52,488 | ▲ 39.4% |
| Amounts receivable within one year40/41 | - | - | - | - | - | - | - | €2,783 | - |
| Other amounts receivable41 | - | - | - | - | - | - | - | €2,783 | - |
| Cash at bank and in hand54/58 | €458,504 | €233,003 | €215,700 | €3,766 | €29,129 | €42,744 | €37,667 | €49,706 | ▲ 32.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €458,504 | €452,077 | €547,162 | €719,920 | €748,299 | €740,402 | €713,815 | €707,126 | ▼ 0.9% |
| Equity10/15 | €352,605 | €352,058 | €347,507 | €348,245 | €346,108 | €345,095 | €346,200 | €343,680 | ▼ 0.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €366,744 | €366,739 | €363,712 | €356,616 | €347,445 | €338,273 | €329,102 | €319,931 | ▼ 2.8% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €226,033 | €216,862 | €207,690 | €198,519 | €189,348 | ▼ 4.6% |
| Distributable reserves133 | - | - | - | €128,723 | €128,723 | €128,723 | €128,723 | €128,723 | = |
| Profit (loss) carried forward14 | -€20,339 | -€20,881 | -€22,406 | -€26,970 | -€19,936 | -€11,778 | -€1,502 | €5,150 | - |
| Provisions and deferred taxes16 | €99,200 | €99,198 | €97,926 | €94,945 | €91,093 | €87,241 | €83,388 | €79,536 | ▼ 4.6% |
| Deferred taxes168 | - | - | - | €94,945 | €91,093 | €87,241 | €83,388 | €79,536 | ▼ 4.6% |
| Amounts payable17/49 | €6,699 | €822 | €101,729 | €276,729 | €311,098 | €308,067 | €284,227 | €283,910 | ▼ 0.1% |
| Amounts payable within one year42/48 | €5,199 | €822 | €101,729 | €276,729 | €310,268 | €308,067 | €283,457 | €283,110 | ▼ 0.1% |
| Taxes, remuneration and social security45 | - | - | - | - | €147 | €317 | €437 | - | - |
| Taxes450/3 | - | - | - | - | €147 | €317 | €437 | - | - |
| Other amounts payable47/48 | - | - | - | €276,729 | €310,121 | €307,750 | €283,020 | €283,110 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | €830 | - | €770 | €800 | ▲ 3.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €245,076 | -€547 | -€4,551 | -€11,661 | -€2,137 | -€1,013 | €1,105 | -€2,520 | - |
| + Depreciation and write-downs630 | - | €8 | €5,563 | €14,191 | €21,439 | €21,511 | €21,511 | €21,511 | = |
| Operating cash flow (approximation) | €245,076 | -€539 | €1,012 | €2,530 | €19,302 | €20,498 | €22,615 | €18,991 | ▼ 16.0% |
| Investment in fixed assets (approximation) | - | - | -€117,951 | -€398,882 | -€24,455 | €0 | €0 | €0 | - |
| Change in cash | - | -€225,501 | -€17,303 | -€211,934 | €25,363 | €13,615 | -€5,077 | €12,039 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 8,617 companies had the same profile as VAN HOUT IMMO has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VAN HOUT IMMO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 8,617 companies, not a prediction for VAN HOUT IMMO. 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.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 16-06-2026 | 2026-00164229 | |
| 31-12-2024 | micro format | 20-06-2025 | 2025-00157232 | |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00181115 | |
| 31-12-2022 | micro format | 23-06-2023 | 2023-00151125 | |
| 31-12-2021 | micro format | 26-06-2022 | 2022-20092363 | |
| 31-12-2020 | micro format | 25-06-2021 | 2021-24700317 | |
| 31-12-2019 | micro format | 10-06-2020 | 2020-15900072 | |
| 31-12-2018 | micro format | 22-02-2019 | 2019-05600391 | |
| 31-12-2017 | micro format | 07-06-2018 | 2018-17000530 | |
| 31-12-2016 | micro format | 23-06-2017 | 2017-21400589 |