VANHAECKE CONSTRUCTIE
ActiveVANHAECKE CONSTRUCTIE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46k and a net result of €-98k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 1025 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
15
/ 100
Critical▼ -46 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-19
Solvency2▼-20
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.55 against 1.33 in 2024), and 98.1% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 1025 sector peers (2025).
NBB · sector comparisonPosition among 1025 sector peers
Solvency
better than 8%
← weakest
strongest →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
2 d early
2023
86 d early
2022
95 d early
2021
58 d early
2020
50 d early
2019
102 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€46k▼ 68.0%
2024 · €145k
2018: €73k
2019: €46k
2020: €-140k
2021: €-4k
2022: €27k
2023: €139k
2024: €145k
2018 → 2025
Total assets
€2.41M▼ 2.9%
2024 · €2.48M
2018: €516k
2019: €1.93M
2020: €1.79M
2021: €1.84M
2022: €1.84M
2023: €1.86M
2024: €2.48M
2018 → 2025
Net result
€-98k
2024 · €6k
2018: €14k
2019: €-27k
2020: €-186k
2021: €6k
2022: €30k
2023: €113k
2024: €6k
2018 → 2025
Working capital
€-374k
2024 · €226k
2018: €7k
2019: €17k
2020: €-162k
2021: €-195k
2022: €-212k
2023: €-157k
2024: €226k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-4k-€27k€139k▲ 423%€145k▲ 4.0%€46k▼ 68.0%
Operating result€45k-€69k▲ 52.9%€167k▲ 144%€55k▼ 67.4%€-53k
Net result€6k-€30k▲ 447%€113k▲ 274%€6k▼ 95.0%€-98k
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 turns negative in 2025: a loss of €53k after €55k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.41M
Fixed assets
€1.96M▲ 25.2%
Current assets
€450k▼ 50.9%
Equity and liabilities €2.41M
Equity
€46k▼ 68.0%
Debt
€2.37M▲ 1.1%
The debt ratio rises from 94.2% to 98.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€102k▼
2024 · €194k
Cash flow
€56k▼
2024 · €145k
Solvency
1.9%▼
2024 · 5.8%
Current ratio
0.55▼
2024 · 1.33
Quick ratio
0.31▼
2024 · 1.02
Debt / equity
50.93▲
2024 · 16.14
ROE
-212.0%▼
2024 · 3.9%
ROA
-4.1%▼
2024 · 0.2%
Interest coverage
1.57▼
2024 · 3.85
Debt
€2.37M▲
2024 · €2.34M
Debt ≤ 1 year
€824k▲
2024 · €690k
Debt > 1 year
€1.54M▼
2024 · €1.64M
Income taxes
€170▲
2024 · €0
Staff costs
€254k▲
2024 · €168k
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€2.48M€2.41M▼
Fixed assets21/28€1.57M€1.96M▲
Tangible fixed assets22/27€1.57M€1.96M▲
Land and buildings22€1.25M€1.72M▲
Plant, machinery and equipment23€152k€116k▼
Furniture and vehicles24€15k€8k▼
Leasing and similar rights25€98k€72k▼
Other tangible fixed assets26€50k€48k▼
Financial fixed assets28€495€495=
Current assets29/58€916k€450k▼
Stocks and contracts in progress3€212k€198k▼
Stocks30/36€178k€176k▼
Contracts in progress37€34k€22k▼
Amounts receivable within one year40/41€607k€187k▼
Trade receivables40€142k€186k▲
Other amounts receivable41€464k€2k▼
Cash at bank and in hand54/58€88k€53k▼
Deferred charges and accrued income490/1€10k€11k▲
Equity and liabilities
Total equity and liabilities10/49€2.48M€2.41M▼
Equity10/15€145k€46k▼
Contributions10/11€6k€6k=
Revaluation surpluses12€131k€131k=
Reserves13€179k€179k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€179k€179k=
Profit (loss) carried forward14€-171k€-270k▼
Amounts payable17/49€2.34M€2.37M▲
Amounts payable after more than one year17€1.64M€1.54M▼
Financial debts170/4€1.64M€1.54M▼
Amounts payable within one year42/48€690k€824k▲
Current portion of amounts payable after more than one year42€172k€205k▲
Financial debts43€125k€137k▲
Credit institutions430/8€125k€137k▲
Trade debts44€353k€298k▼
Suppliers440/4€353k€298k▼
Taxes, remuneration and social security45€38k€66k▲
Taxes450/3€26k€20k▼
Remuneration and social security454/9€12k€47k▲
Other amounts payable47/48€2k€117k▲
Accrued charges and deferred income492/3€5k€7k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€168k€254k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€139k€154k▲
Other operating charges640/8€14k€10k▼
Gross operating margin9900€376k€365k▼
Operating profit (loss)9901€55k€-53k▼
Financial income75/76B€1k€19k▲
Recurring financial income75€1k€19k▲
Financial charges65/66B€50k€65k▲
Recurring financial charges65€50k€65k▲
Profit (loss) for the period before taxes9903€6k€-98k▼
Income taxes67/77€0€170▲
Profit (loss) for the period9904€6k€-98k▼
Profit (loss) for the period to be appropriated9905€6k€-98k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-171k€-270k▼
Profit (loss) brought forward from the previous period14P€-177k€-171k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)90874.26.9▲
The notes to these accounts (28 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €113k ▲274%
Operating result €167k, net result €113k, both a record.
31-12
Financial
Equity above €100kEq €139k ▲423%
3 profitable years in a row build equity to €139k.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-186k
Net result drops to €-186k, the lowest in the series; recovery starts the following year.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 62 days late
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2024
VANHAECKE Tom Georges Maria
CurrentNon-statutory director · since 03-10-2024
03-10-2024
Appointed as Non-statutory director
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2000
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.
Peraltastraat 77-798000 BruggeGround area
1,481 m²
Building footprint
538 m²
Volume, LiDAR
3,036 m³
Parcel 31807I0057/00C002, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VANHAECKE CONSTRUCTIE
since 20002.099.437.316
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807I0057/00C002 | Flanders | 1,481 m² | 1 · 538 m² | 7.0 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 · 3 entries · 2,430 EUR awarded · 2,430 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,878 EUR | 1,878 EUR |
| 2022 | 1 | 552 EUR | 552 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Dual-learning approval
4 live approvals · 8 endedHoeknaadlasser duaal (so)
Lassen-constructie duaal (so)
Lasser-monteerder (vwo)
Lasser-monteerder duaal (so)
Similar companies · same sector, comparable size
A.L.N.
BE 0764.596.857
Evergem · Eq €46k
DELTA CONSTRUCT
BE 0432.454.803
Donceel · Eq €46k
MONTARO
BE 0478.420.034
Kinrooi · Eq €47k
CONMAD
BE 0777.399.768
Balen · Eq €46k
De Vos Office
BE 0402.906.326
Braine-le-Château · Eq €47k
Of 3,964 companies in sector 25110 we hold annual accounts for 2,133. 1,393 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-01-2000
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.