VANASSCHE Firefighting Engineering
ActiveSummary
VANASSCHE Firefighting Engineering has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.0m and a net result of €489,461. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 86% of 312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▲+38
Solvency91▲+4
Growth49▼-4
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €700,000 at 30 days acceptable
Liquidity ample (current ratio 3.5 against 4.64 in 2024; short-term debt: 25.7% and cash: 15.9% of total assets), and 33.6% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
66.4%
Return on assets
3.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-12-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
51 d early
2022
1 d early
2021
39 d early
2020
39 d early
2019
51 d early
2018
64 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#10 company by equity in Harelbeke, Manufacturing sector
Turnover
€18.7m▼ 18.1%
2024 · €22.9m
EBIT margin
3.6%▲ 4.5pp
2024 · -0.9%
Net result
€489,461
2024 · -€274,343
Working capital
€8.7m▼ 9.5%
2024 · €9.7m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220242025
Turnover€14.0m▲ 3.6%€14.7m▲ 5.5%€11.5m▼ 21.7%€22.9m-€18.7m▼ 18.1%
Operating result€68,744▼ 92.6%€837,479▲ 1,118%€351,128▼ 58.1%-€214,889-€669,039
Net result€60,566▼ 90.1%€635,667▲ 950%€226,411▼ 64.4%-€274,343-€489,461
EBIT margin0.5%▼ 6.4pp5.7%▲ 5.2pp3.0%▼ 2.6pp-0.9%-3.6%▲ 4.5pp
Equity€7.9m▲ 0.8%€8.6m▲ 8.0%€8.8m▲ 2.6%€8.5m-€9.0m▲ 5.7%
Total assets€10.0m▲ 2.2%€10.4m▲ 3.4%€11.1m▲ 7.0%€13.8m-€13.6m▼ 1.7%
Debt€2.1m▲ 8.0%€1.8m▼ 14.1%€2.3m▲ 27.8%€5.3m-€4.6m▼ 13.7%
Working capital€6.1m▼ 2.6%€6.2m▲ 2.8%€6.6m▲ 5.7%€9.7m-€8.7m▼ 9.5%
Staff (FTE)38.5▲ 6.6%42.5▲ 10.4%39.8▼ 6.4%38.4-37.6▼ 2.1%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €669,039 after a loss of €214,889 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.6m
Fixed assets
€1.4m ▼ 10.8%
Current assets
€12.2m ▼ 0.6%
Equity and liabilities €13.6m
Equity
€9.0m ▲ 5.7%
Debt
€4.6m ▼ 13.7%
Debt's share of the balance-sheet total falls from 38.3% to 33.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€833,288▲
2024 · €91,740
Cash flow
€653,709▲
2024 · €32,286
Current ratio
3.50▼
2024 · 4.64
Quick ratio
1.41▼
2024 · 1.42
Debt to equity
0.51▼
2024 · 0.62
ROE
5.4%▲
2024 · -3.2%
ROA
3.6%▲
2024 · -2.0%
Interest coverage
34.28▲
2024 · 0.89
Debt ≤ 1 year
€3.5m▲
2024 · €2.7m
Debt > 1 year
€1.0m▼
2024 · €2.6m
Income taxes
€190,371▲
2024 · €2,348
Staff costs
€2.7m▼
2024 · €4.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,684 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €11.3m | €24.5m | €18.4m | ▼ 25.0% |
| Turnover70 | €14.0m | €14.7m | €11.5m | €22.9m | €18.7m | ▼ 18.1% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | -€603,886 | €1.6m | -€382,805 | ▼ 124% |
| Other operating income74 | - | - | €38,743 | €70,462 | €42,313 | ▼ 39.9% |
| Non-recurring operating income76A | - | - | €301,799 | €18,433 | €43,726 | ▲ 137% |
| Operating charges60/66A | - | - | €10.9m | €24.7m | €17.7m | ▼ 28.3% |
| Goods for resale, raw materials and consumables60 | - | - | €7.0m | €17.7m | €13.6m | ▼ 23.0% |
| Purchases600/8 | - | - | €9.5m | €18.8m | €12.7m | ▼ 32.5% |
| Change in stocks: decrease (increase)609 | - | - | -€2.4m | -€1.1m | €928,059 | ▲ 182% |
| Services and other goods61 | - | - | €1.0m | €1.7m | €1.3m | ▼ 26.3% |
| Remuneration, social security and pensions62 | - | - | €2.5m | €4.9m | €2.7m | ▼ 45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €178,873 | €200,564 | €189,971 | €306,629 | €164,249 | ▼ 46.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €136,396 | €39,246 | -€62,843 | ▼ 260% |
| Other operating charges640/8 | - | - | €34,091 | €91,620 | €70,266 | ▼ 23.3% |
| Non-recurring operating charges66A | - | - | €10,643 | - | - | - |
| Operating profit (loss)9901 | €68,744 | €837,479 | €351,128 | -€214,889 | €669,039 | ▲ 411% |
| Financial income75/76B | - | - | €69,790 | €97,979 | €42,885 | ▼ 56.2% |
| Recurring financial income75 | €62,077 | €46,745 | €69,790 | €97,979 | €42,885 | ▼ 56.2% |
| Income from financial fixed assets750 | - | - | - | €4,862 | €1,329 | ▼ 72.7% |
| Income from current assets751 | - | - | - | €14,723 | €2,056 | ▼ 86.0% |
| Other financial income752/9 | - | - | €69,790 | €78,394 | €39,500 | ▼ 49.6% |
| Financial charges65/66B | - | - | €79,483 | €155,085 | €32,092 | ▼ 79.3% |
| Recurring financial charges65 | €13,242 | €9,368 | €19,633 | €155,085 | €32,092 | ▼ 79.3% |
| Debt charges650 | €7,000 | €3,614 | €146 | €103,179 | €24,306 | ▼ 76.4% |
| Other financial charges652/9 | - | - | €19,488 | €51,906 | €7,786 | ▼ 85.0% |
| Non-recurring financial charges66B | - | - | €59,850 | - | - | - |
| Profit (loss) for the period before taxes9903 | €117,579 | €874,855 | €341,435 | -€271,995 | €679,832 | ▲ 350% |
| Income taxes67/77 | €57,013 | €239,188 | €115,024 | €2,348 | €190,371 | ▲ 8,009% |
| Taxes670/3 | - | - | €115,024 | €2,348 | €190,371 | ▲ 8,009% |
| Profit (loss) for the period9904 | €60,566 | €635,667 | €226,411 | -€274,343 | €489,461 | ▲ 278% |
| Transfer from tax-exempt reserves789 | - | - | €330,406 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €60,566 | €1.5m | €556,817 | -€274,343 | €489,461 | ▲ 278% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.0m | €10.4m | €11.1m | €13.8m | €13.6m | ▼ 1.7% |
| Fixed assets21/28 | €1.9m | €2.4m | €2.3m | €1.5m | €1.4m | ▼ 10.8% |
| Tangible fixed assets22/27 | €1.1m | €1.2m | €1.1m | €885,620 | €760,395 | ▼ 14.1% |
| Land and buildings22 | - | - | €570,363 | €453,627 | €394,791 | ▼ 13.0% |
| Plant, machinery and equipment23 | - | - | €320,672 | €295,542 | €271,403 | ▼ 8.2% |
| Furniture and vehicles24 | - | - | €189,598 | €131,730 | €90,088 | ▼ 31.6% |
| Other tangible fixed assets26 | - | - | €5,785 | €4,721 | €4,112 | ▼ 12.9% |
| Financial fixed assets28 | €775,167 | €1.1m | €1.2m | €644,347 | €605,097 | ▼ 6.1% |
| Other financial fixed assets284/8 | - | - | €1.2m | €644,347 | €605,097 | ▼ 6.1% |
| Amounts receivable and cash guarantees285/8 | - | - | €1.2m | €644,347 | €605,097 | ▼ 6.1% |
| Current assets29/58 | €8.1m | €8.0m | €8.8m | €12.3m | €12.2m | ▼ 0.6% |
| Stocks and contracts in progress3 | €2.8m | €2.6m | €5.9m | €8.5m | €7.3m | ▼ 14.6% |
| Stocks30/36 | - | - | €4.9m | €6.0m | €5.1m | ▼ 14.4% |
| Raw materials and consumables30/31 | - | - | €4.9m | €6.0m | €5.1m | ▼ 14.4% |
| Contracts in progress37 | - | - | €938,371 | €2.5m | €2.2m | ▼ 15.1% |
| Amounts receivable within one year40/41 | €2.3m | €1.3m | €2.0m | €3.0m | €2.7m | ▼ 10.6% |
| Trade receivables40 | - | - | €1.5m | €2.7m | €2.7m | ▼ 2.4% |
| Other amounts receivable41 | - | - | €528,698 | €261,307 | €11,479 | ▼ 95.6% |
| Cash at bank and in hand54/58 | €1.5m | €2.5m | €943,171 | €751,321 | €2.2m | ▲ 187% |
| Deferred charges and accrued income490/1 | - | - | €28,233 | €21,996 | €111,555 | ▲ 407% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.0m | €10.4m | €11.1m | €13.8m | €13.6m | ▼ 1.7% |
| Equity10/15 | €7.9m | €8.6m | €8.8m | €8.5m | €9.0m | ▲ 5.7% |
| Contributions10/11 | €175,010 | €175,010 | €175,010 | €175,010 | €175,010 | = |
| Capital10 | - | - | €175,010 | €175,010 | €175,010 | = |
| Issued capital100 | - | - | €175,010 | €175,010 | €175,010 | = |
| Reserves13 | €2.0m | €1.2m | €1.2m | €8.4m | €8.9m | ▲ 5.9% |
| Non-distributable reserves130/1 | - | - | €17,501 | €17,501 | €17,501 | = |
| Legal reserve130 | - | - | €17,501 | €17,501 | €17,501 | = |
| Tax-exempt reserves132 | - | - | €15,013 | €15,013 | €15,013 | = |
| Distributable reserves133 | - | - | €1.2m | €8.3m | €8.8m | ▲ 5.9% |
| Profit (loss) carried forward14 | €5.7m | €7.2m | €7.4m | - | - | - |
| Amounts payable17/49 | €2.1m | €1.8m | €2.3m | €5.3m | €4.6m | ▼ 13.7% |
| Amounts payable after more than one year17 | - | - | - | €2.6m | €1.0m | ▼ 60.7% |
| Financial debts170/4 | - | - | - | €2.6m | €1.0m | ▼ 60.7% |
| Other loans174 | - | - | - | €2.6m | €1.0m | ▼ 60.7% |
| Amounts payable within one year42/48 | €2.1m | €1.8m | €2.3m | €2.7m | €3.5m | ▲ 31.8% |
| Trade debts44 | €1.4m | €1.2m | €1.7m | €1.8m | €2.5m | ▲ 35.9% |
| Suppliers440/4 | - | - | €1.7m | €1.8m | €2.5m | ▲ 35.9% |
| Taxes, remuneration and social security45 | - | - | €401,864 | €390,290 | €385,824 | ▼ 1.1% |
| Taxes450/3 | - | - | €27,368 | €12,436 | €64,102 | ▲ 415% |
| Remuneration and social security454/9 | - | - | €374,496 | €377,854 | €321,722 | ▼ 14.9% |
| Other amounts payable47/48 | - | - | €197,317 | €420,193 | €607,109 | ▲ 44.5% |
| Accrued charges and deferred income492/3 | - | - | €32,631 | €24,269 | €45,971 | ▲ 89.4% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €60,566 | €635,667 | €226,411 | -€274,343 | €489,461 | ▲ 278% |
| + Depreciation and write-downs630 | €178,873 | €200,564 | €189,971 | €306,629 | €164,249 | ▼ 46.4% |
| Operating cash flow (approximation) | €239,439 | €836,231 | €416,381 | €32,286 | €653,709 | ▲ 1,925% |
| Investment in fixed assets (approximation) | - | -€664,896 | -€92,742 | - | €227 | - |
| Change in cash | - | €976,201 | -€1.6m | - | €1.4m | - |
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
26-03
State Gazette act
Appointment: JHM Projects (director)Permanent representative: Jürgen Gekiere · Reappointments: Jan Vanassche (director) and Kurt Vanassche (director) · Mandate compensation8 facts ▸
State Gazette act
Appointment: JHM Projects (director)
Permanent representative: Jürgen Gekiere · Reappointments: Jan Vanassche (director) and Kurt Vanassche (director) · Mandate compensation8 facts ▸
- General meeting, 03/03/2026
- Director appointment, JHM Projects (director)
- Permanent representative, Jürgen Gekiere
- Mandate compensation, JHM Projects
- Director reappointment, Jan Vanassche (director)
- Mandate compensation, Jan Vanassche
- Director reappointment, Kurt Vanassche (director)
- Mandate compensation, Kurt Vanassche
2025
24-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Back to profitnet €489,461
Net result €489,461 after one loss-making year.
2024
11-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Weakest financial yearnet -€274,343
Net result drops to -€274,343, the lowest in the series; recovery starts the following year.
2023
29-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Highest result since 2018net €635,667 ▲950%
Net result €635,667, the highest in the series.
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
10-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 14 acts read
About the unread acts
Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26042714). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
JHM Projects
CurrentDirector · since 01-01-2026 · Limited partnership
Jan Vanassche
CurrentDirector · since 03-03-2026
Kurt Vanassche
CurrentDirector · since 03-03-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
13 of this company's 14 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Harelbeke · 1 establishment unit since 1975
Ground area
2.3 ha
Building footprint
1,107 m²
Volume, LiDAR
6,127 m³
Parcel 34017A0491/00B000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Vanassche FFE
since 19752.011.393.681
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34017A0491/00B000 | Flanders | 2.3 ha | 1 · 1,107 m² | 7.2 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.
Mandate history
3 people since 2026, 3 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| JHM Projects |
|
| Jan Vanassche |
|
| Kurt Vanassche |
|
Structure & network
Owners and holdings
1 ownerChain of control
- SCHIETHOEK
- VANASSCHE Firefighting Engineering
Highest known parent: SCHIETHOEK. The sources do not say who stands above it.
Owners 1
- SCHIETHOEKparent99.96%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
VANASSCHE SERVICES
via Jan Vanassche and Kurt Vanassche · Director
→
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 2,973 EUR awarded · 3,108 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,308 EUR | 1,308 EUR |
| 2024 | 1 | 131 EUR | 131 EUR |
| 2023 | 1 | 1,267 EUR | 1,402 EUR |
| 2022 | 1 | 267 EUR | 267 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300IF1KLNG6MREP45
Similar companies · same sector, comparable size
GROZ-BECKERT CARDING BELGIUM
BE 0405.443.271
Deerlijk · Eq €9.8m
GEA Process Engineering
BE 0400.888.924
Halle · Eq €10.4m
PHARMA FLEX
BE 0897.187.147
Nivelles · Eq €10.5m
ETS ANTOINE
BE 0440.449.680
Anderlecht · Eq €7.3m
ABC CONTRACTING
BE 0401.463.895
Andenne · Eq €11.2m
Of 211 companies in sector 28299 we hold annual accounts for 154. 53 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-07-1975
Fiscal year end30-06
Abbreviation NL
VANASSCHE FFE
Activities, NACEBEL 2025
28299Manufacture of machinery and equipment not elsewhere classified
29100Manufacture of motor vehicles, trailers and semi-trailers
47812Retail trade
47300Retail sale of automotive fuel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0415345684
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.