VANHA
ActiveSummary
VANHA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €333k and a net result of €-291. Equity remains stable across the filed fiscal years (±1.4% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 7.25 against 7.46 in 2024; short-term debt: 5.8% and cash: 38.8% of total assets), and 8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
92%
Return on assets
-0.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
20 d early
2023
6 d early
2022
4 d early
2021
1 d early
2020
22 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€333k▼ 6.4%
2024 · €356k
Total assets
€363k▼ 5.1%
2024 · €382k
Net result
€-291▲ 96.6%
2024 · €-9k
Working capital
€131k▼ 17.5%
2024 · €159k
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
Line20212022202320242025
Operating result€39k▼ 6.0%€12k▼ 68.6%€9k▼ 31.0%€-10k€-1k▲ 89.4%
Net result€29k▼ 0.9%€11k▼ 62.9%€8k▼ 24.6%€-9k€-291▲ 96.6%
Equity€386k▲ 8.0%€397k▲ 2.8%€365k▼ 8.1%€356k▼ 2.4%€333k▼ 6.4%
Total assets€401k▲ 10.0%€405k▲ 1.0%€384k▼ 5.2%€382k▼ 0.6%€363k▼ 5.1%
Debt€15k▲ 107%€8k▼ 44.7%€19k▲ 133%€26k▲ 32.9%€29k▲ 12.8%
Working capital€169k▼ 3.4%€149k▼ 12.1%€145k▼ 2.6%€159k▲ 9.9%€131k▼ 17.5%
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 stays negative: a loss of €1k in 2025 against €10k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €363k
Fixed assets
€210k ▲ 6.0%
Current assets
€152k ▼ 17.1%
Equity and liabilities €363k
Equity
€333k ▼ 6.4%
Debt
€29k ▲ 12.8%
Debt's share of the balance-sheet total rises from 6.8% to 8.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€29k▲
2024 · €17k
Cash flow
€30k▲
2024 · €19k
Current ratio
7.25▼
2024 · 7.46
Debt to equity
0.09▲
2024 · 0.07
ROE
-0.1%▲
2024 · -2.4%
ROA
-0.1%▲
2024 · -2.3%
Interest coverage
86.74▲
2024 · 53.37
Debt ≤ 1 year
€21k▼
2024 · €25k
Debt > 1 year
€0▼
2024 · €172
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €28k | €28k | €27k | €30k | ▲ 9.8% |
| Other operating charges640/8 | €8k | €8k | €10k | €10k | €10k | ▲ 0.3% |
| Gross operating margin9900 | €67k | €48k | €47k | €27k | €39k | ▲ 44.0% |
| Operating profit (loss)9901 | €39k | €12k | €9k | €-10k | €-1k | ▲ 89.4% |
| Financial income75/76B | €0 | €3k | €4k | €2k | €1k | ▼ 42.0% |
| Recurring financial income75 | €0 | €3k | €4k | €2k | €1k | ▼ 42.0% |
| Financial charges65/66B | €186 | €268 | €196 | €321 | €335 | ▲ 4.2% |
| Recurring financial charges65 | €186 | €268 | €196 | €321 | €335 | ▲ 4.2% |
| Profit (loss) for the period before taxes9903 | €39k | €15k | €12k | €-9k | €-291 | ▲ 96.6% |
| Income taxes67/77 | €11k | €5k | €4k | €0 | - | - |
| Profit (loss) for the period9904 | €29k | €11k | €8k | €-9k | €-291 | ▲ 96.6% |
| Profit (loss) for the period to be appropriated9905 | €29k | €11k | €8k | €-9k | €-291 | ▲ 96.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €401k | €405k | €384k | €382k | €363k | ▼ 5.1% |
| Fixed assets21/28 | €219k | €249k | €221k | €198k | €210k | ▲ 6.0% |
| Intangible fixed assets21 | €1k | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €218k | €249k | €221k | €198k | €210k | ▲ 6.0% |
| Land and buildings22 | €214k | €248k | €221k | €198k | €203k | ▲ 2.2% |
| Furniture and vehicles24 | €3k | €1k | €420 | €0 | €8k | - |
| Current assets29/58 | €182k | €156k | €163k | €184k | €152k | ▼ 17.1% |
| Amounts receivable within one year40/41 | €25k | €53k | €51k | €35k | €10k | ▼ 72.0% |
| Other amounts receivable41 | €25k | €53k | €51k | €35k | €10k | ▼ 72.0% |
| Cash at bank and in hand54/58 | €155k | €100k | €109k | €145k | €141k | ▼ 3.2% |
| Deferred charges and accrued income490/1 | €3k | €3k | €3k | €3k | €2k | ▼ 42.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €401k | €405k | €384k | €382k | €363k | ▼ 5.1% |
| Equity10/15 | €386k | €397k | €365k | €356k | €333k | ▼ 6.4% |
| Contributions10/11 | €74k | €74k | €74k | €74k | €74k | = |
| Capital10 | €74k | €74k | €74k | €74k | €74k | = |
| Issued capital100 | €74k | €74k | €74k | €74k | €74k | = |
| Reserves13 | €312k | €323k | €290k | €282k | €259k | ▼ 8.1% |
| Non-distributable reserves130/1 | €7k | €7k | €7k | €7k | €7k | = |
| Legal reserve130 | €7k | €7k | €7k | €7k | €7k | = |
| Distributable reserves133 | €304k | €315k | €283k | €274k | €252k | ▼ 8.3% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €15k | €8k | €19k | €26k | €29k | ▲ 12.8% |
| Amounts payable after more than one year17 | €234 | €234 | €234 | €172 | €0 | ▼ 100% |
| Other amounts payable178/9 | €234 | €234 | €234 | €172 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €13k | €7k | €18k | €25k | €21k | ▼ 14.6% |
| Trade debts44 | €3k | €97 | €10k | €16k | €10k | ▼ 38.0% |
| Suppliers440/4 | €3k | €97 | €10k | €16k | €10k | ▼ 38.0% |
| Taxes, remuneration and social security45 | €11k | €5k | €4k | €0 | - | - |
| Taxes450/3 | €11k | €5k | €4k | €0 | - | - |
| Other amounts payable47/48 | - | €2k | €5k | €9k | €11k | ▲ 27.1% |
| Accrued charges and deferred income492/3 | €2k | €991 | €991 | €1k | €8k | ▲ 691% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €11k | €8k | €-9k | €-291 | ▲ 96.6% |
| + Depreciation and write-downs630 | €20k | €28k | €28k | €27k | €30k | ▲ 9.8% |
| Operating cash flow (approximation) | €49k | €39k | €36k | €19k | €30k | ▲ 58.9% |
| Investment in fixed assets (approximation) | - | €-58k | €0 | €-4k | €-42k | ▼ 852% |
| Change in cash | - | €-55k | €9k | €36k | €-5k | ▼ 113% |
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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €29k ▲46%
Operating result €42k, net result €29k, both a record.
30-09
Financial
Liquidity triplescurrent ratio 31.32
Current ratio from 12.17 to 31.32; short-term debt falls from €14k to €6k.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
18-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
27-03
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.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Waregem · 1 establishment unit since 1990
Ground area
2,065 m²
Building footprint
416 m²
Volume, LiDAR
1,704 m³
Parcel 34452B0835/00M002, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Fazantenlaan 8, 8790 Waregem
since 19902.184.523.538
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0835/00M002 | Flanders | 2,065 m² | 1 · 415 m² | 6.9 m · 1 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.
Identification & contact
Identification
Legal formPublic limited company
Founded21-09-1990
Fiscal year end30-09
Scores and ratios are computed by Checked and are not a credit decision.