VANGHEEL
ActiveVANGHEEL has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €280k and a net result of €-119k. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 75% of 7391 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-87
Solvency92▼-5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 2.89 against 3.43 in 2024; short-term debt: 33% and cash: 5.7% of total assets), and 33% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 41
Relative position
BE, all sectors
reference
Sector 41
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 08-05-2026, 84 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
84 d early
2024
117 d early
2023
42 d early
2022
39 d early
2021
36 d early
2020
40 d early
2019
13 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€280k▼ 29.8%
2024 · €399k
2018: €114k
2019: €203k
2020: €197k
2021: €209k
2022: €280k
2023: €318k
2024: €399k
2018 → 2025
Total assets
€418k▼ 24.5%
2024 · €554k
2018: €249k
2019: €410k
2020: €258k
2021: €292k
2022: €407k
2023: €622k
2024: €554k
2018 → 2025
Net result
€-119k
2024 · €81k
2018: €517
2019: €88k
2020: €-5k
2021: €12k
2022: €71k
2023: €38k
2024: €81k
2018 → 2025
Working capital
€261k▼ 29.4%
2024 · €369k
2018: €100k
2019: €196k
2020: €233k
2021: €215k
2022: €272k
2023: €481k
2024: €369k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€209k-€280k▲ 34.0%€318k▲ 13.7%€399k▲ 25.4%€280k▼ 29.8%
Operating result€16k-€99k▲ 506%€66k▼ 33.4%€137k▲ 109%€-112k
Net result€12k-€71k▲ 516%€38k▼ 46.0%€81k▲ 111%€-119k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €112k after €137k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €418k
Fixed assets
€20k▼ 39.8%
Current assets
€398k▼ 23.5%
Equity and liabilities €418k
Equity
€280k▼ 29.8%
Debt
€138k▼ 10.8%
The debt ratio rises from 27.9% to 33.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-100k▼
2024 · €144k
Cash flow
€-107k▼
2024 · €88k
Solvency
67.0%▼
2024 · 72.1%
Current ratio
2.89▼
2024 · 3.43
Quick ratio
0.78▼
2024 · 1.20
Debt / equity
0.49▲
2024 · 0.39
ROE
-42.4%▼
2024 · 20.3%
ROA
-28.4%▼
2024 · 14.6%
Interest coverage
-15.71▼
2024 · 6.11
Debt
€138k▼
2024 · €155k
Debt ≤ 1 year
€138k▼
2024 · €152k
Income taxes
€160▼
2024 · €33k
Staff costs
€7k
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€554k€418k▼
Fixed assets21/28€33k€20k▼
Tangible fixed assets22/27€31k€20k▼
Plant, machinery and equipment23€27k€18k▼
Furniture and vehicles24€4k€1k▼
Financial fixed assets28€2k-
Current assets29/58€521k€398k▼
Stocks and contracts in progress3€338k€290k▼
Stocks30/36€338k€290k▼
Amounts receivable within one year40/41€157k€84k▼
Other amounts receivable41€157k€84k▼
Cash at bank and in hand54/58€26k€24k▼
Equity and liabilities
Total equity and liabilities10/49€554k€418k▼
Equity10/15€399k€280k▼
Contributions10/11€19k€19k=
Reserves13€381k€262k▼
Distributable reserves133€381k€262k▼
Amounts payable17/49€155k€138k▼
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€152k€138k▼
Current portion of amounts payable after more than one year42€5k€11k▲
Trade debts44€19k€1k▼
Suppliers440/4€19k€1k▼
Taxes, remuneration and social security45€22k€18k▼
Taxes450/3€19k€18k▼
Remuneration and social security454/9€3k€940▼
Other amounts payable47/48€106k€107k▲
Income statement
Code20242025
Remuneration, social security and pensions62-€7k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€12k▲
Other operating charges640/8€917€2k▲
Gross operating margin9900€145k€-91k▼
Operating profit (loss)9901€137k€-112k▼
Financial income75/76B€1€1▼
Recurring financial income75€1€1▼
Financial charges65/66B€24k€6k▼
Recurring financial charges65€24k€6k▼
Profit (loss) for the period before taxes9903€113k€-119k▼
Income taxes67/77€33k€160▼
Profit (loss) for the period9904€81k€-119k▼
Profit (loss) for the period to be appropriated9905€81k€-119k▼
Appropriation of the result
Profit (loss) to be appropriated9906€81k€-119k▼
Transfer from equity791/2-€119k
Transfer to equity691/2€81k-
To other reserves6921€81k-
The notes to these accounts (8 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
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-119k ▼247%
Net result drops to €-119k, the lowest in the series.
05-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
31-12
Financial
Equity above €200kEq €209k ▲5.8%
Equity rises from €197k to €209k.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 7current ratio 13.56
Current ratio from 1.95 to 13.56; short-term debt falls from €206k to €19k.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
31-12
Financial
Highest result since 2018net €88k ▲17007%
Net result €88k, the highest in the series.
31-12
Financial
Equity above €200kEq €203k ▲77.3%
2 profitable years in a row build equity to €203k.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
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
3 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, Kasterlee · 1 establishment unit since 2015
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.
Retiesebaan 2362460 KasterleeGround area
5,949 m²
Building footprint
535 m²
Volume, LiDAR
834 m³
2 parcels, Flanders · tallest building 8.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Vangheel
since 20152.246.352.724
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13017C0663/00K000 | Flanders | 3,230 m² | 1 · 226 m² | 8.8 m · 1 fl. |
| 13372A1121/00B002 | Flanders | 2,719 m² | 1 · 308 m² | - |
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
B.A.O. Group
BE 0887.918.697
Edegem · Eq €280k
FRANCOIS R.
BE 0883.265.568
Walcourt · Eq €280k
IMMO J.G.H.
BE 0833.674.913
Oud-Turnhout · Eq €280k
DE WILDE F.
BE 0440.618.342
Grobbendonk · Eq €280k
JAN VANDENBUSSCHE & ZOON
BE 0848.885.008
Poperinge · Eq €280k
Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 11,176 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-09-2015
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
46130Agents in the wholesale of timber and building materials
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.