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VANHEE ENGINEERING

Active Private limited companyfounded 1996active for 30 yearsLieven Gevaertlaan 2, 8870 IzegemKBO/BCE: BE 0458.923.727
VANHEE ENGINEERING
Financial year 2025
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Annual accounts 2025

micro format, filed on 09-04-2026, 21 days before the deadline
Gross margin
-€45,778
▼ €175,509
Operating result
€2,090
▼ 97.3%
Profit
€5,874
▼ 89.4%
Working capital
€464,438
▼ 16.7%
Solvency
93.0%
▲ 1.0 percentage points
Current ratio
14.31
▲ 1.77

Turnover and EBIT margin are not published. The micro format does not require them.

Balance sheet

balance sheet total €500,451 on 30-09-2025
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency93.0%

Higher than 92% of 465 companies in 2025.

Current ratio14.31

Higher than 91% of 455 companies in 2025.

Return on assets1.2%

Higher than 33% of 459 companies in 2025.

VANHEE ENGINEERING Middle half of the sector 80% of the sector Micro accounts in machinery and equipment (NACE 28)

Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Staff

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Blue and white collar

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201720162015201420132012201120102009200820072006
Balance sheet: assets
Total assets20/58 500,451608,031649,647553,907510,572531,609449,515399,386247,430131,849326,657382,378402,962169,383163,539201,431180,500104,714131,400
Fixed assets21/28 1,1191,9733,4497,0032,0083,2552,5641261261264707,64716,91724,73031,8839,7181,7101,11627,522
Intangible fixed assets21 ----0--------------
Tangible fixed assets22/27 9931,8473,3236,8771,8833,1302,438---3447,52216,79124,60431,7589,5941,58699227,398
Plant, machinery and equipment23 7621,3462,4414,7811,5302,182711--------26459599227,398
Furniture and vehicles24 2315008822,0963539471,727---3447,52213,88721,21627,885496991--
Other tangible fixed assets26 ------------2,9053,3893,8738,834---
Financial fixed assets28 126126126126126126126126126126126126126126126124124124124
Current assets29/58 499,333606,058646,199546,904508,564528,354446,951399,260247,305131,724326,187374,730386,045144,653131,656191,713178,790103,599103,878
Amounts receivable after more than one year29 443,594564,594587,944529,944489,744464,974408,411247,911124,311----------
Other amounts receivable291 443,594564,594587,944529,944489,744464,974408,411247,911124,311----------
Amounts receivable within one year40/41 15,8637,2698,3932,2305,40724,6847,69554,35810,25923,509198,600216,513152,012100,16941,717148,660114,72544,60037,399
Trade receivables40 --2,898-1,52024,684-13,97410,23620,23930,58461,4619,49011,70327,54353,533104,91814,5995,680
Other amounts receivable41 15,8637,2695,4952,2303,887-7,69540,383233,270168,015155,052142,52288,46614,17495,1279,80730,00131,719
Current investments50/53 -----10,39410,39471,02896,31654,34578,11228,05540,580-25,00025,00025,000-44
Cash at bank and in hand54/58 39,87634,19649,86214,73113,41227,42019,57225,64715,21053,09648,853128,212190,75942,06962,52415,63837,01058,99966,435
Deferred charges and accrued income490/1 -----8828793171,2097746231,9512,6932,4152,4152,4152,055--
Balance sheet: equity and liabilities
Total equity and liabilities10/49 500,451608,031649,647553,907510,572531,609449,515399,386247,430131,849326,657382,378402,962169,383163,539201,431180,500104,714131,400
Equity10/15 465,557559,683537,493441,143379,095345,305269,080108,12274,34174,70174,339276,131290,341129,039120,820170,77586,9268,882-18,023
Contributions10/11 18,60018,60018,60018,60018,60018,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,592
Issued capital100 ------18,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,59218,592
Reserves13 436,859536,859514,859419,859359,859324,859234,85984,85951,85956,10955,747257,539271,749206,466206,466206,466206,466206,466206,466
Non-distributable reserves130/1 --1,8591,8591,8591,859-------------
Legal reserve130 ------1,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,859
Reserves not available under the articles1311 --1,8591,8591,8591,859-------------
Distributable reserves133 436,859536,859513,000418,000358,000323,000233,00083,00050,00054,25053,888255,680269,890204,607204,607204,607204,607204,607204,607
Profit (loss) carried forward14 10,0984,2234,0342,6846361,85415,6284,6713,890-----96,019-104,239-54,283-138,132-216,177-243,081
Provisions and deferred taxes16 ------------39,705------
Provisions for liabilities and charges160/5 ------------39,705------
Amounts payable17/49 34,89448,348112,154112,764131,477186,305180,435291,264173,08957,149252,318106,24672,91640,34442,71930,65693,57495,833149,423
Amounts payable after more than one year17 -----------2,9179,61115,89521,793-4,07027,87350,651
Financial debts170/4 -----------2,9179,61115,89521,793-4,07027,87350,651
Amounts payable within one year42/48 34,89448,348112,154112,764122,477177,305171,435291,264173,08957,149252,318103,33063,30524,44920,92730,65689,50467,96098,076
Current portion of amounts payable after more than one year42 ----------2,9176,6946,2845,8985,5364,07023,80322,77821,797
Trade debts44 32,15915,66171,18222,75055,47342,93570,263246,786102,35520,29792,36094,10018,62915,69413,91816,86353,94612,50856,101
Suppliers440/4 32,15915,66171,18222,75055,47342,93570,263246,786102,35520,29792,36094,10018,62915,69413,91816,86353,94612,50856,101
Advances received on contracts in progress46 ---43,67441,00055,24026,65520,50020,130----------
Taxes, remuneration and social security45 2,73529,17137,28023,7638,72072,31962,63418,87638,55332,21640,0412,53538,3922,8571,4739,72311,7566,67511,550
Taxes450/3 2,73529,17137,28023,7638,72072,31962,63418,87634,60430,54739,20510735,3065152717,1478,825272,151
Remuneration and social security454/9 --------3,9491,6698362,4283,0862,3421,2022,5762,9316,6489,399
Other amounts payable47/48 -3,5163,69122,57717,2846,81111,8835,10312,0524,635117,000------25,9998,628
Accrued charges and deferred income492/3 ----9,0009,0009,000-----------696
Income statement
Non-recurring operating income76A 12,932------------------
Gross operating margin9900 -45,778129,732138,168121,24473,000142,498372,603100,57921,503128,46470,521-3,231278,50636,093-19,740106,320130,566101,324174,281
Remuneration, social security and pensions62 --8,03939,18627,12835,44490,08758,06552,91547,90218,15719,84917,06117,75313,12019,13949,15242,15144,470
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 8541,4762,3091,8061,2472,6063,414--3447,1787,3977,8137,8138,3531,80889228,05934,247
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 -50,52450,524-------44,28654,619--------
Provisions for liabilities and charges: additions (uses and reversals)635/8 ------------39,70539,705------
Other operating charges640/8 1,8021,3021,0121,3879921,0462,3708648562,9311,13016,3929,5651,0127,7617198211,185372
Non-recurring operating charges66A --1,245----------------
Operating profit (loss)9901 2,09076,429125,56478,86543,633103,402276,73241,650-32,26833,002-10,562-7,164204,3639,515-48,97484,65479,70129,92995,192
Financial income75/76B 6,6768,2558,2107,6577,5487,00814,11615,73437,279295314511463122857020673144
Recurring financial income75 6,6768,2558,2107,6577,5487,00814,11615,73437,279295314511463122857020673144
Financial charges65/66B 15732414334210,95647627,2504,6665,2463,09235,4476,9788,9531,6081,2668751,8623,7555,580
Recurring financial charges65 15732414334210,95647627,2504,6665,2463,09235,4476,9788,9531,6081,2668751,8623,7555,580
Profit (loss) for the period before taxes9903 8,60984,360133,63086,18040,226109,935263,59952,717-23530,205-45,694-14,091195,5568,219-49,95583,84978,04426,90589,655
Income taxes67/77 2,73529,17137,28024,1336,43633,710102,64118,93612529,8439811934,254------
Profit (loss) for the period9904 5,87455,18996,35162,04833,79076,225160,95733,781-360362-45,792-14,210161,3028,219-49,95583,84978,04426,90589,655
Profit (loss) for the period to be appropriated9905 5,87455,18996,35162,04833,79076,225160,95733,781-360362-45,792-14,210161,3028,219-49,95583,84978,04426,90589,655
Appropriation of the result
Profit (loss) to be appropriated9906 10,09859,22399,03462,68435,64491,854165,62837,671-360362-45,792-14,21065,283-96,019-104,239-54,283-138,132-216,177-243,081
Profit (loss) brought forward from the previous period14P 4,2234,0342,6846361,854--------------
Transfer from equity791/2 100,000-------4,250-201,79214,210-------
Transfer to equity691/2 -55,00095,00060,00035,00890,000150,00033,000-362--65,283------
To other reserves6921 -55,00095,00060,00035,00890,000150,00033,000-362--65,283------
Profit to be distributed694/7 100,000---------156,000--------
Return on contributions (dividend)694 100,000---------156,000--------
Social balance sheet
Average staff (FTE)9087 ---1111111111111111
Hours worked1013 ---1,1949389902,5401,7491,6951,6154844965264764474591,7641,5461,749
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 9 older financial years (1997-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 09-04-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-09-2025 micro format 09-04-2026 2026-00075184 PDF
30-09-2024 micro format 27-03-2025 2025-00055645 PDF
30-09-2023 micro format 28-03-2024 2024-00051170 PDF
30-09-2022 micro format 30-03-2023 2023-00048405 PDF
30-09-2021 micro format 28-04-2022 2022-20011319 PDF
30-09-2020 micro format 25-03-2021 2021-08400595 PDF
30-09-2019 micro format 28-03-2020 2020-07900022 PDF
31-12-2017 micro format 29-06-2018 2018-25400187 PDF
31-12-2016 micro format 31-08-2017 2017-54800466 PDF
31-12-2015 abbreviated format 03-10-2016 2016-64300382 PDF
31-12-2014 abbreviated format 31-08-2015 2015-54100131 PDF
31-12-2013 abbreviated format 26-08-2014 2014-50600138 PDF
31-12-2012 abbreviated format 29-08-2013 2013-53100345 PDF
31-12-2011 abbreviated format 30-10-2012 2012-62900328 PDF
31-12-2010 abbreviated format 09-11-2011 2011-60300056 PDF
31-12-2009 abbreviated format 07-09-2010 2010-53700424 PDF
31-12-2008 abbreviated format 29-09-2009 2009-78900187 PDF
31-12-2007 abbreviated format 30-09-2008 2008-76900010 PDF
31-12-2006 abbreviated format 11-09-2007 2007-71900391 PDF
31-12-2005 abbreviated format 07-07-2006 2006-43301716 PDF
31-12-2004 abbreviated format 15-07-2005 2005-50004048 PDF
31-12-2003 abbreviated format 11-08-2004 2004-59405340 PDF
31-12-2002 abbreviated format 30-07-2003 2003-55601817 PDF
31-12-2001 abbreviated format 10-09-2002 2002-54704040 PDF
31-12-2000 abbreviated format 09-10-2001 2001-63101248 PDF
31-12-1999 abbreviated format 01-09-2000 2000-54301582 PDF
31-12-1998 abbreviated format 17-09-1999 1999-47103191 PDF
31-12-1997 abbreviated format 28-08-1998 1998-43103907 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201720162015201420132012201120102009200820072006
EBITDA 2,94477,905127,87380,67244,880106,008280,146--33,346-3,384233212,17617,328-40,62186,46280,59357,987129,439
Cash flow 6,72856,66598,66063,85435,03778,831164,371--706-38,615-6,813169,11516,032-41,60285,65778,93754,964123,903
Investment in fixed assets (approximation) 00-1,2456,80003,2975,852--001,032066034,9959,8161,4871,653-
Change in cash 5,681-15,66735,1311,318-14,0087,849-10,437-37,8864,243-79,359-62,547148,690-20,45546,886-21,372-21,989-7,437-
Working capital 464,438557,710534,045434,140386,086351,050275,516107,99774,21574,57573,869271,401322,740120,204110,729161,05689,28635,6395,802
Solvency 93.0%92.0%82.7%79.6%74.2%65.0%59.9%27.1%30.0%56.7%22.8%72.2%72.1%76.2%73.9%84.8%48.2%8.5%-13.7%
Current ratio 14.3112.545.764.854.152.982.611.371.432.301.293.636.105.926.296.252.001.521.06
Debt to equity 0.070.090.210.260.350.540.672.692.330.773.390.380.250.310.350.181.0810.79-
ROE 1.3%9.9%17.9%14.1%8.9%22.1%59.8%31.2%-0.5%0.5%-61.6%-5.1%55.6%6.4%-41.3%49.1%89.8%302.9%-
ROA 1.2%9.1%14.8%11.2%6.6%14.3%35.8%8.5%-0.1%0.3%-14.0%-3.7%40.0%4.9%-30.5%41.6%43.2%25.7%68.2%
Interest coverage 18.71over 100over 100over 1004.10--------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item30-09-202230-09-2021
Employees at the balance-sheet date11
full-time11
in full-time equivalents11
Average over the year, in full-time equivalents11
On a permanent contract11
Training hours1612

Source: social balance sheet in the 2021 to 2022 annual accounts

Investments

fixed assets acquired
Item30-09-202530-09-202430-09-202330-09-202230-09-2021
Tangible fixed assets---€6,800-
Depreciation and write-downs of the year€854€1,476€2,309€1,806€1,247

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on VANHEE ENGINEERING

The operating result for 2025 is 97% lower than in 2024 and the lowest since 2016. It is the second fall in a row.

Debt's share of the balance-sheet total falls from 8.0% to 7.0%. Equity and debt are lower.

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