VANHEE ENGINEERING
ActiveVANHEE ENGINEERING has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €466k and a net result of €6k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 91% of 391 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-10
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 14.31 against 12.54 in 2024; short-term debt: 7% and cash: 8% of total assets), and 7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
93%
Return on assets
1.2%
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 09-04-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
34 d early
2023
33 d early
2022
31 d early
2021
2 d early
2020
36 d early
2019
33 d early
← before the deadline
after the deadline →
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
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€466k▼ 16.8%
2024 · €560k
2019: €269k
2020: €345k
2021: €379k
2022: €441k
2023: €537k
2024: €560k
2019 → 2025
Total assets
€500k▼ 17.7%
2024 · €608k
2019: €450k
2020: €532k
2021: €511k
2022: €554k
2023: €650k
2024: €608k
2019 → 2025
Net result
€6k▼ 89.4%
2024 · €55k
2019: €161k
2020: €76k
2021: €34k
2022: €62k
2023: €96k
2024: €55k
2019 → 2025
Working capital
€464k▼ 16.7%
2024 · €558k
2019: €276k
2020: €351k
2021: €386k
2022: €434k
2023: €534k
2024: €558k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€379k-€441k▲ 16.4%€537k▲ 21.8%€560k▲ 4.1%€466k▼ 16.8%
Operating result€44k-€79k▲ 80.7%€126k▲ 59.2%€76k▼ 39.1%€2k▼ 97.3%
Net result€34k-€62k▲ 83.6%€96k▲ 55.3%€55k▼ 42.7%€6k▼ 89.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 97% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €500k
Fixed assets
€1k▼ 43.3%
Current assets
€499k▼ 17.6%
Equity and liabilities €500k
Equity
€466k▼ 16.8%
Debt
€35k▼ 27.8%
The debt ratio falls from 8.0% to 7.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3k▼
2024 · €78k
Cash flow
€7k▼
2024 · €57k
Solvency
93.0%▲
2024 · 92.0%
Current ratio
14.31▲
2024 · 12.54
Quick ratio
14.31▲
2024 · 12.54
Debt / equity
0.07▼
2024 · 0.09
ROE
1.3%▼
2024 · 9.9%
ROA
1.2%▼
2024 · 9.1%
Interest coverage
18.71▼
2024 · 240.35
Debt
€35k▼
2024 · €48k
Debt ≤ 1 year
€35k▼
2024 · €48k
Income taxes
€3k▼
2024 · €29k
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€608k€500k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€993▼
Plant, machinery and equipment23€1k€762▼
Furniture and vehicles24€500€231▼
Financial fixed assets28€126€126=
Current assets29/58€606k€499k▼
Amounts receivable after more than one year29€565k€444k▼
Other amounts receivable291€565k€444k▼
Amounts receivable within one year40/41€7k€16k▲
Other amounts receivable41€7k€16k▲
Cash at bank and in hand54/58€34k€40k▲
Equity and liabilities
Total equity and liabilities10/49€608k€500k▼
Equity10/15€560k€466k▼
Contributions10/11€19k€19k=
Reserves13€537k€437k▼
Distributable reserves133€537k€437k▼
Profit (loss) carried forward14€4k€10k▲
Amounts payable17/49€48k€35k▼
Amounts payable within one year42/48€48k€35k▼
Trade debts44€16k€32k▲
Suppliers440/4€16k€32k▲
Taxes, remuneration and social security45€29k€3k▼
Taxes450/3€29k€3k▼
Other amounts payable47/48€4k-
Income statement
Code20242025
Non-recurring operating income76A-€13k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€854▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€51k€-51k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€130k€-46k▼
Operating profit (loss)9901€76k€2k▼
Financial income75/76B€8k€7k▼
Recurring financial income75€8k€7k▼
Financial charges65/66B€324€157▼
Recurring financial charges65€324€157▼
Profit (loss) for the period before taxes9903€84k€9k▼
Income taxes67/77€29k€3k▼
Profit (loss) for the period9904€55k€6k▼
Profit (loss) for the period to be appropriated9905€55k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€59k€10k▼
Profit (loss) brought forward from the previous period14P€4k€4k▲
Transfer from equity791/2-€100k
Transfer to equity691/2€55k-
To other reserves6921€55k-
Profit to be distributed694/7-€100k
Return on contributions (dividend)694-€100k
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
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €6k ▼89.4%
Net result drops to €6k, the lowest in the series.
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity doublescurrent ratio 12.54
Current ratio from 5.76 to 12.54; short-term debt falls from €112k to €48k.
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €500kEq €537k ▲21.8%
5 profitable years in a row build equity to €537k.
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
03-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 64 days late
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, Izegem · 1 establishment unit since 1996
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.
Lieven Gevaertlaan 28870 IzegemGround area
6,281 m²
Building footprint
3,477 m²
Volume, LiDAR
17,803 m³
Parcel 36492A0311/00B000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VANHEE ENGINEERING
since 19962.078.554.305
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36492A0311/00B000 | Flanders | 6,281 m² | 1 · 3,477 m² | 6.8 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600C6ZXW6CE1SM107
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JANS TRANSPORT EFFICIENTIE
BE 0438.058.829
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Of 210 companies in sector 28299 we hold annual accounts for 154. 116 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-10-1996
Fiscal year end30-09
Activities, NACEBEL
28299Manufacture of machinery and equipment not elsewhere classified
29247
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.