Checked.be
Active
BE 0869.767.821Private limited company
VANHAEREN GILBERT
Grootstraat 167 ·3570 Alken, Belgium· 21 yrs active
Sector: Other specialised construction activities
(43990)
Conclusion
VANHAEREN GILBERT has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €256k and a net result of €23k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 84% of 36382 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €256k |
| Net result | €23k |
| Better than sector | 84% |
| Active | 21 yrs |
Financial profile
78
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
45
Solvency
100
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2004, 21 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€22k
estimate, not credit advice
Score history
68
2020
52
2021
94
2022
98
2023
86
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 5.72 (≥ 1.5)
+10
Quick ratio
Quick ratio 5.67 (≥ 1.0)
+5
Leverage
Debt/equity 0.28 (< 1.0)
+10
Profitability
ROE 9%
+3
Interest coverage
Interest coverage 26.0× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-06-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±1.2%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 78.2% | 46.6% | |
| Net result | €23k | €9k | |
| Equity | €256k | €58k | |
| Gross operating margin | €64k | €38k | |
| Total assets | €328k | €140k |
€60k
+23.3%
20-24
€23k
-15.0%
20-24
€50k
+24.7%
20-24
€328k
+15.5%
20-24
€256k
+9.9%
20-24
€177k
-11.3%
20-24
1
-20.0%
20-24
€10k
-35.9%
20-24
€9k
+16.7%
20-24
€29k
-80.6%
20-24
€72k
+41.3%
20-24
€37k
+12.7%
20-24
€34k
+160.3%
20-24
5.72
-18.3%
20-24
5.67
-18.3%
20-24
78.2%
-4.9%
20-24
0.28
+28.6%
20-24
9.0%
-22.6%
20-24
7.0%
-26.4%
20-24
25.97
-18.3%
20-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €60k | €49k | €30k | €-15k | €26k |
| Net profit | €23k | €27k | €16k | €-42k | €1k |
| Cash flow | €50k | €40k | €27k | €-35k | €16k |
| Staff costs | - | €10k | €16k | €14k | - |
| Income taxes | €9k | €7k | €2k | €18k | €1k |
| Dividends | - | €29k | - | €150k | - |
| Total assets | €328k | €284k | €312k | €264k | €469k |
| Equity | €256k | €233k | €235k | €219k | €411k |
| Debt | €72k | €51k | €77k | €45k | €58k |
| of which ≤ 1y | €37k | €33k | €53k | €45k | €57k |
| of which > 1y | €34k | €13k | €22k | - | - |
| Working capital | €177k | €199k | €195k | €177k | €364k |
| Employees (FTE) | - | 0.8 | 1.0 | 0.3 | 0.3 |
Note: these years are not on the same basis. The filed schemas differ (micro schema, abbreviated schema), so the columns are not directly comparable.
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 5.72 | 7.00 | 4.68 | 4.96 | 7.36 |
| Quick ratio | 5.67 | 6.94 | 4.65 | 4.94 | 7.35 |
| Working capital ratio | 53.9% | 70.2% | 62.5% | 67.2% | 77.5% |
| Solvency | 78.2% | 82.1% | 75.4% | 82.8% | 87.6% |
| Debt / equity | 0.28 | 0.22 | 0.33 | 0.21 | - |
| Long-term debt ratio | 0.13 | 0.06 | 0.09 | - | - |
| Interest coverage | 25.97 | 31.77 | 26.63 | -9.14 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 7.0% | 9.5% | 5.3% | -16.1% | 0.3% |
| ROE | 9.0% | 11.6% | 7.0% | -19.4% | 0.3% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €328k | €284k | €312k | €264k | €469k |
| Fixed assets | 21/28 | €114k | €51k | €64k | €42k | €48k |
| Tangible fixed assets | 22/27 | €113k | €51k | €64k | €34k | €41k |
| Financial fixed assets | 28 | €325 | €325 | €325 | €7k | €7k |
| Current assets | 29/58 | €214k | €233k | €248k | €222k | €421k |
| Stocks & contracts in progress | 3 | €2k | €2k | €2k | €933 | €643 |
| Amounts receivable within one year | 40/41 | €35k | €43k | €56k | €42k | €55k |
| Cash & bank | 54/58 | €173k | €183k | €187k | €174k | €363k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €328k | €284k | €312k | €264k | €469k |
| Equity | 10/15 | €256k | €233k | €235k | €219k | €411k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | - |
| Reserves | 13 | €238k | €215k | €217k | €200k | €393k |
| Amounts payable | 17/49 | €72k | €51k | €77k | €45k | €58k |
| Amounts payable after one year | 17 | €34k | €13k | €22k | - | - |
| Amounts payable within one year | 42/48 | €37k | €33k | €53k | €45k | €57k |
| Trade debts payable within one year | 44 | €10k | €14k | €21k | €21k | €26k |
| Income statement | ||||||
| Gross operating margin | 9900 | €64k | €62k | €56k | €25k | €46k |
| Operating result | 9901 | €33k | €36k | €20k | €-23k | €11k |
| Financial income | 75 | €505 | €4 | €0 | €102 | €149 |
| Financial charges | 65 | €2k | €2k | €1k | €2k | €3k |
| Result before taxes | 9903 | €32k | €34k | €19k | €-24k | €2k |
| Income taxes | 67/77 | €9k | €7k | €2k | €18k | €1k |
| Net result for the period | 9904 | €23k | €27k | €16k | €-42k | €1k |
| Result to be appropriated | 9905 | €23k | €27k | €16k | €43k | €1k |
Legal Structure
| NACE primary | Other specialised construction activities(43990) |
| Legal form | Private limited company(610) |
| Incorporation | 02-11-2004 |
| Status | Active |
| Postal code | 3570 |
Establishment units
Vanhaeren Gilbert / Kraanwerken VG
since 20042.143.576.373
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73302D0244/00F000 | Flanders | 983 m² | 1 · 134 m² | 8.9 m · 2 fl. |
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.
Updates
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €27k ▲64.3%
Operating result €36k, net result €27k, both a record.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-42k ▼3375%
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
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.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
20300Other specialised construction activities43990Specialised construction activities439992523028120Joinery installation43320Specialised construction activities43343
Names & trade names
| Legal nameNL | VANHAEREN GILBERT |
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