VANDER HOEVEN
ActiveVANDER HOEVEN has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €83k and a net result of €104k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 16% of 27451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▼-11
Solvency38▼-6
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.81 against 0.84 in 2024; short-term debt: 84.1% and cash: 15.4% of total assets), and 87.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 43
higher
← 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
12.9%
Return on assets
16.3%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 27451 sector peers (2025).
NBB · sector comparisonPosition among 27451 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
on the day
2023
on the day
2022
on the day
2021
22 d late
2020
3 d early
2018
7 d early
← before the deadline
after the deadline →
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 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€83k▲ 5.2%
2024 · €79k
2018: €83k
2020: €54k
2021: €55k
2022: €64k
2023: €75k
2024: €79k
2018 → 2025
Total assets
€639k▲ 51.1%
2024 · €423k
2018: €353k
2020: €383k
2021: €283k
2022: €556k
2023: €764k
2024: €423k
2018 → 2025
Net result
€104k▼ 25.9%
2024 · €141k
2018: €162k
2020: €200k
2021: €122k
2022: €199k
2023: €122k
2024: €141k
2018 → 2025
Working capital
€-105k▼ 105%
2024 · €-51k
2018: €16k
2020: €4k
2021: €-24k
2022: €-20k
2023: €-49k
2024: €-51k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€55k-€64k▲ 16.5%€75k▲ 17.9%€79k▲ 5.0%€83k▲ 5.2%
Operating result€120k-€201k▲ 66.7%€122k▼ 39.0%€141k▲ 15.3%€105k▼ 25.4%
Net result€122k-€199k▲ 63.4%€122k▼ 38.8%€141k▲ 15.4%€104k▼ 25.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €639k
Fixed assets
€206k▲ 25.6%
Current assets
€433k▲ 67.3%
Equity and liabilities €639k
Equity
€83k▲ 5.2%
Debt
€557k▲ 61.6%
The debt ratio rises from 81.4% to 87.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€148k▼
2024 · €193k
Cash flow
€147k▼
2024 · €192k
Solvency
12.9%▼
2024 · 18.6%
Current ratio
0.81▼
2024 · 0.84
Quick ratio
0.68▲
2024 · 0.56
Debt / equity
6.73▲
2024 · 4.38
ROE
125.9%▼
2024 · 178.8%
ROA
16.3%▼
2024 · 33.2%
Interest coverage
70.96▲
2024 · 35.41
Debt
€557k▲
2024 · €344k
Debt ≤ 1 year
€538k▲
2024 · €310k
Debt > 1 year
€18k▼
2024 · €34k
Income taxes
€2k▼
2024 · €2k
Staff costs
€95k▲
2024 · €81k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€423k€639k▲
Fixed assets21/28€164k€206k▲
Tangible fixed assets22/27€164k€206k▲
Land and buildings22€26k€14k▼
Plant, machinery and equipment23€73k€60k▼
Furniture and vehicles24€65k€61k▼
Other tangible fixed assets26-€71k
Financial fixed assets28€115€115=
Current assets29/58€259k€433k▲
Stocks and contracts in progress3€84k€68k▼
Stocks30/36€84k€68k▼
Amounts receivable within one year40/41€82k€250k▲
Trade receivables40€39k€150k▲
Other amounts receivable41€42k€100k▲
Cash at bank and in hand54/58€82k€98k▲
Deferred charges and accrued income490/1€11k€17k▲
Equity and liabilities
Total equity and liabilities10/49€423k€639k▲
Equity10/15€79k€83k▲
Contributions10/11€25k€25k=
Reserves13€7k€7k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€46k€51k▲
Amounts payable17/49€344k€557k▲
Amounts payable after more than one year17€34k€18k▼
Financial debts170/4€34k€18k▼
Amounts payable within one year42/48€310k€538k▲
Current portion of amounts payable after more than one year42€24k€16k▼
Financial debts43€931€251▼
Credit institutions430/8€931€251▼
Trade debts44€81k€126k▲
Suppliers440/4€81k€126k▲
Taxes, remuneration and social security45€11k€14k▲
Taxes450/3€3k€5k▲
Remuneration and social security454/9€8k€9k▲
Other amounts payable47/48€193k€381k▲
Accrued charges and deferred income492/3-€661
Income statement
Code20242025
Non-recurring operating income76A€14k€47k▲
Remuneration, social security and pensions62€81k€95k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€43k▼
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A-€9k
Gross operating margin9900€275k€254k▼
Operating profit (loss)9901€141k€105k▼
Financial income75/76B€7k€3k▼
Recurring financial income75€7k€3k▼
Financial charges65/66B€5k€2k▼
Recurring financial charges65€5k€2k▼
Profit (loss) for the period before taxes9903€143k€106k▼
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€141k€104k▼
Profit (loss) for the period to be appropriated9905€141k€104k▼
Appropriation of the result
Profit (loss) to be appropriated9906€183k€151k▼
Profit (loss) brought forward from the previous period14P€43k€46k▲
Profit to be distributed694/7€137k€100k▼
Directors or managers695€137k€100k▼
Social balance
Average headcount (FTE)90872.0-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-03
State Gazette act
Registered office · Resignations & appointmentsGeneral meeting · Registered-office move · Director resignation7 facts ▸
State Gazette act
Registered office · Resignations & appointments
General meeting · Registered-office move · Director resignation7 facts ▸
- General meeting, 20/06/2025
- Registered-office move, Schippersdijk 70 te 9200 Dendermonde
- Director resignation, Madi (bestuurder)
- Director resignation, Ronny Van Damme (bestuurder)
- Director appointment, Madi (bestuurder)
- Permanent representative, Verdickt Marcel
- Permanent representative, Ronny Van Damme
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Weakest financial yearnet €104k ▼25.9%
Net result drops to €104k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Highest result since 2018net €200k ▲23.6%
Operating result €203k, net result €200k, both a record.
2019
23-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 7 days late
2017
03-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 3 days late
2016
30-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2019
Madi
CurrentDirector · since 28-09-2019 · Legal entity
28-09-2019
Madi: Appointed as Director
28-09-2019
Madi: Resigned as Director
28-09-2019
Ronny Van Damme: Resigned as Director
Location & real-estate footprint
Registered office, Dendermonde · 2 establishment units since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Schippersdijk (BAA) 709200 DendermondeGround area
2,605 m²
Building footprint
383 m²
Volume, LiDAR
1,439 m³
2 parcels, Flanders · tallest building 7.5 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
VANDER HOEVEN BVBA
since 19952.031.604.820
Huidatelier
since 20222.338.324.164
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42002B0475/00D000 | Flanders | 1,314 m² | - | - |
| 42002B0630/00N000 | Flanders | 1,291 m² | 1 · 383 m² | 7.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2022 to 2024 · 3 entries · 246 EUR awarded · 229 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 96 EUR | 79 EUR |
| 2023 | 1 | 126 EUR | 126 EUR |
| 2022 | 1 | 24 EUR | 24 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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DOM.CONSTRUCT
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BEL DECOR
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Of 4,095 companies in sector 43240 we hold annual accounts for 1,631. 1,372 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-11-1987
Fiscal year end30-06
Activities, NACEBEL
43221Plumbing work
43240Other construction installation
43299Specialised construction activities
45332
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.