VANDERHAEGEN
ActiveVANDERHAEGEN has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €675k and a net result of €42k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 91% of 1236 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
86
/ 100
Excellent▼ -8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability31▼-11
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 9.27 against 6.8 in 2023), and 10.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
89.3%
Return on assets
5.6%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-05-2025, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
72 d early
2023
43 d early
2022
40 d early
2021
61 d early
2020
36 d early
2019
4 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€675k▲ 4.3%
2023 · €647k
2018: €495k
2019: €521k
2020: €521k
2021: €562k
2022: €615k
2023: €647k
2018 → 2024
Total assets
€756k▲ 0.7%
2023 · €751k
2018: €566k
2019: €614k
2020: €600k
2021: €637k
2022: €684k
2023: €751k
2018 → 2024
Net result
€42k▼ 22.9%
2023 · €55k
2018: €16k
2019: €28k
2020: €93
2021: €41k
2022: €53k
2023: €55k
2018 → 2024
Working capital
€501k▲ 12.8%
2023 · €444k
2018: €296k
2019: €300k
2020: €299k
2021: €360k
2022: €427k
2023: €444k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€521k-€562k▲ 7.9%€615k▲ 9.4%€647k▲ 5.3%€675k▲ 4.3%
Operating result€1k-€38k▲ 2,419%€96k▲ 156%€65k▼ 32.2%€56k▼ 13.7%
Net result€93-€41k▲ 44,214%€53k▲ 28.4%€55k▲ 3.2%€42k▼ 22.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 14% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €756k
Fixed assets
€195k▼ 15.6%
Current assets
€561k▲ 7.9%
Equity and liabilities €756k
Equity
€675k▲ 4.3%
Debt
€81k▼ 22.0%
The debt ratio falls from 13.8% to 10.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€90k▼
2023 · €99k
Cash flow
€76k▼
2023 · €89k
Solvency
89.3%▲
2023 · 86.2%
Current ratio
9.27▲
2023 · 6.80
Quick ratio
9.18▲
2023 · 6.75
Debt / equity
0.12▼
2023 · 0.16
ROE
6.2%▼
2023 · 8.4%
ROA
5.6%▼
2023 · 7.3%
Interest coverage
30.61▼
2023 · 62.08
Debt
€81k▼
2023 · €103k
Debt ≤ 1 year
€61k▼
2023 · €77k
Debt > 1 year
€20k▼
2023 · €27k
Income taxes
€17k▼
2023 · €23k
Staff costs
€125k▼
2023 · €149k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€751k€756k▲
Fixed assets21/28€230k€195k▼
Tangible fixed assets22/27€230k€195k▼
Land and buildings22€113k€113k=
Plant, machinery and equipment23€39k€28k▼
Furniture and vehicles24€78k€54k▼
Other tangible fixed assets26€0€0=
Current assets29/58€520k€561k▲
Stocks and contracts in progress3€4k€6k▲
Stocks30/36€4k€6k▲
Amounts receivable within one year40/41€61k€58k▼
Trade receivables40€59k€57k▼
Other amounts receivable41€2k€1k▼
Current investments50/53€159k€211k▲
Cash at bank and in hand54/58€296k€286k▼
Deferred charges and accrued income490/1€744€0▼
Equity and liabilities
Total equity and liabilities10/49€751k€756k▲
Equity10/15€647k€675k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€585k€613k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€579k€607k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€103k€81k▼
Amounts payable after more than one year17€27k€20k▼
Financial debts170/4€27k€20k▼
Amounts payable within one year42/48€77k€61k▼
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€14k€12k▼
Suppliers440/4€14k€12k▼
Taxes, remuneration and social security45€56k€42k▼
Taxes450/3€39k€26k▼
Remuneration and social security454/9€17k€16k▼
Income statement
Code20232024
Remuneration, social security and pensions62€149k€125k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€34k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€0▼
Other operating charges640/8€2k€363▼
Gross operating margin9900€252k€216k▼
Operating profit (loss)9901€65k€56k▼
Financial income75/76B€14k€5k▼
Recurring financial income75€14k€5k▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€78k€59k▼
Income taxes67/77€23k€17k▼
Profit (loss) for the period9904€55k€42k▼
Profit (loss) for the period to be appropriated9905€55k€42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€55k€42k▼
Transfer from equity791/2€22k€14k▼
Transfer to equity691/2€55k€42k▼
To the legal reserve6920€55k€42k▼
Profit to be distributed694/7€22k€14k▼
Return on contributions (dividend)694€22k€14k▼
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
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €55k ▲3.2%
Net result €55k, the highest in the series.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €93 ▼99.7%
Net result drops to €93, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
31-12
Financial
Equity above €500kEq €521k ▲5.2%
2 profitable years in a row build equity to €521k.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-12-2025
Resigned as Director
Location & real-estate footprint
Registered office, Haaltert · 1 establishment unit since 1994
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.
Molenveld(HA) 69450 HaaltertGround area
1,432 m²
Building footprint
553 m²
Volume, LiDAR
2,800 m³
2 parcels, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VANDERHAEGEN NV
since 19942.065.130.889
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41024A1512/00P000 | Flanders | 719 m² | 1 · 260 m² | 7.1 m · 1 fl. |
| 41024A1513/00L000 | Flanders | 713 m² | 1 · 293 m² | 9.6 m · 2 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.
Similar companies · same sector, comparable size
VEYS INVEST
BE 0432.551.209
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CASTILLO VALERE
BE 0467.177.041
Wommelgem · Eq €696k
COMITH
BE 0455.560.401
Affligem · Eq €700k
NIKKEL ART
BE 0822.876.833
Maaseik · Eq €649k
CARACTERES M.B.
BE 0445.769.240
Libramont-Chevigny · Eq €648k
Of 2,853 companies in sector 18130 we hold annual accounts for 828. 446 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-12-1993
Fiscal year end31-12
Activities, NACEBEL
18130Pre-press and pre-media services
22250
46423Wholesale of clothing, excluding workwear and underwear
51421
46412Wholesale of household textiles and bedding
51410
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.