Vanderhaeghe Patrick
ActiveVanderhaeghe Patrick has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €973k and a net result of €67k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 55% of 7931 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▼-9
Solvency75=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 1.72 in 2024; short-term debt: 48.2% and cash: 26.3% of total assets), but 50.5% 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+raises 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
49.5%
Return on assets
3.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
8 d early
2023
29 d late
2022
32 d late
2021
31 d late
2020
53 d late
2019
90 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€973k▲ 7.4%
2024 · €906k
2018: €873k
2019: €899k
2020: €831k
2021: €900k
2022: €963k
2023: €986k
2024: €906k
2018 → 2025
Total assets
€1.96M▲ 7.5%
2024 · €1.83M
2018: €1.52M
2019: €1.63M
2020: €1.72M
2021: €1.70M
2022: €1.86M
2023: €1.79M
2024: €1.83M
2018 → 2025
Net result
€67k▼ 8.3%
2024 · €73k
2018: €44k
2019: €27k
2020: €73k
2021: €69k
2022: €63k
2023: €23k
2024: €73k
2018 → 2025
Working capital
€740k▲ 17.1%
2024 · €632k
2018: €715k
2019: €708k
2020: €610k
2021: €655k
2022: €688k
2023: €676k
2024: €632k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€900k-€963k▲ 7.0%€986k▲ 2.4%€906k▼ 8.1%€973k▲ 7.4%
Operating result€105k-€76k▼ 27.6%€53k▼ 30.6%€133k▲ 153%€133k=
Net result€69k-€63k▼ 7.8%€23k▼ 63.0%€73k▲ 212%€67k▼ 8.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 0% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.96M
Fixed assets
€277k▼ 11.5%
Current assets
€1.69M▲ 11.4%
Equity and liabilities €1.96M
Equity
€973k▲ 7.4%
Debt
€992k▲ 7.5%
The debt ratio stays at 50.5%.
Key figures and ratios
EBITDA
€192k▲
2024 · €189k
Cash flow
€126k▼
2024 · €129k
Solvency
49.5%▼
2024 · 49.6%
Current ratio
1.78▲
2024 · 1.72
Quick ratio
1.39▲
2024 · 1.33
Debt / equity
1.02▲
2024 · 1.02
ROE
6.9%▼
2024 · 8.0%
ROA
3.4%▼
2024 · 4.0%
Interest coverage
3.86▼
2024 · 4.84
Debt
€992k▲
2024 · €922k
Debt ≤ 1 year
€948k▲
2024 · €883k
Debt > 1 year
€0▼
2024 · €4k
Income taxes
€26k▼
2024 · €29k
Staff costs
€416k▲
2024 · €410k
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€1.83M€1.96M▲
Fixed assets21/28€313k€277k▼
Tangible fixed assets22/27€313k€277k▼
Land and buildings22€161k€168k▲
Plant, machinery and equipment23€43k€28k▼
Furniture and vehicles24€109k€81k▼
Current assets29/58€1.52M€1.69M▲
Stocks and contracts in progress3€343k€368k▲
Stocks30/36€343k€368k▲
Amounts receivable within one year40/41€844k€790k▼
Trade receivables40€793k€741k▼
Other amounts receivable41€51k€48k▼
Cash at bank and in hand54/58€314k€517k▲
Deferred charges and accrued income490/1€16k€14k▼
Equity and liabilities
Total equity and liabilities10/49€1.83M€1.96M▲
Equity10/15€906k€973k▲
Contributions10/11€19k€19k=
Reserves13€888k€954k▲
Tax-exempt reserves132€39k€39k=
Distributable reserves133€848k€915k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€922k€992k▲
Amounts payable after more than one year17€4k€0▼
Financial debts170/4€4k€0▼
Amounts payable within one year42/48€883k€948k▲
Current portion of amounts payable after more than one year42€36k€4k▼
Trade debts44€193k€203k▲
Suppliers440/4€193k€203k▲
Taxes, remuneration and social security45€44k€73k▲
Taxes450/3€5k€21k▲
Remuneration and social security454/9€39k€52k▲
Other amounts payable47/48€610k€668k▲
Accrued charges and deferred income492/3€35k€44k▲
Income statement
Code20242025
Non-recurring operating income76A€9k€0▼
Remuneration, social security and pensions62€410k€416k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€59k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-4k€-23k▼
Other operating charges640/8€16k€16k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€612k€600k▼
Operating profit (loss)9901€133k€133k=
Financial income75/76B€8k€10k▲
Recurring financial income75€8k€10k▲
Financial charges65/66B€39k€50k▲
Recurring financial charges65€39k€50k▲
Profit (loss) for the period before taxes9903€102k€93k▼
Income taxes67/77€29k€26k▼
Profit (loss) for the period9904€73k€67k▼
Profit (loss) for the period to be appropriated9905€73k€67k▼
Appropriation of the result
Profit (loss) to be appropriated9906€73k€67k▼
Transfer from equity791/2€153k€0▼
Transfer to equity691/2€73k€67k▼
To other reserves6921€73k€67k▼
Profit to be distributed694/7€153k€0▼
Return on contributions (dividend)694€153k€0▼
Social balance
Average headcount (FTE)90876.46.4=
The notes to these accounts (20 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €73k ▲212%
Operating result €133k, net result €73k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €23k ▼63%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 53 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Ieper · 1 establishment unit since 1989
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.
Rijselseweg 1068900 IeperGround area
3,603 m²
Building footprint
1,054 m²
Volume, LiDAR
7,048 m³
Parcel 33011D0177/00M003, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VANDERHAEGHE PATRICK BVBA
since 19892.041.485.358
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33011D0177/00M003 | Flanders | 3,603 m² | 1 · 1,054 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 2025 · 9 entries · 28,867 EUR awarded · 27,381 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 403 EUR | 487 EUR |
| 2024 | 2 | 10,065 EUR | 9,064 EUR |
| 2023 | 2 | 9,046 EUR | 8,762 EUR |
| 2022 | 2 | 9,353 EUR | 9,068 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
7 categoriesVanderhaeghe Patrick BV30852
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Of 472 companies in sector 46842 we hold annual accounts for 346. 255 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-12-1988
Fiscal year end31-12
Activities, NACEBEL
46842Wholesale trade
47521Retail sale of hardware, building materials, paint and glass (general range)
51542
52462
28250Manufacture of machinery and equipment not elsewhere classified
29230
43222Installation of electric heating, air conditioning, cooling and ventilation
46442Wholesale trade
47783Retail trade
47784Retail trade
47789Other retail sale of new goods
51442
52488
52498
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.vanderhaeghepatrick.be
E-mail:info@vanderhaeghepatrick.be