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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
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Overview

Lifetime

19 annual accounts with figures on one time axis, 28 filings since 1997
Gross marginpeak €372,603 (2019)
-€45,778▼ €175,509
Resultlowest -€49,955 (2010)
€5,874▼ 89.4%
Equitypeak €559,683 (2024)
€465,557▼ 16.8%
Debts
€34,894▼ 27.8%
Staffpeak 1 FTE (2006)
-not published
Board1 name since 2021
1 directorBart VANHEE
Documentsfilings and deeds
09-04-202621 days before the deadline
2025micro format
Gross margin from €129,732 to -€45,778Result from €55,189 to €5,874Dividend €100,000Equity from €559,683 to €465,557Debts from €48,348 to €34,894

Key points

from the 2025 annual accounts

Equity

€465,557 ▼ 16.8%
559,6832024+5,874Profit-100,000Dividend465,5572025

VANHEE ENGINEERING paid out €100,000 in dividends. That is 1,702% of the 2025 profit.

Filings

28 annual accounts since 1997
deadline200020102020

Two of the last ten came late. The 2015 accounts came latest: 64 days after the end of the period.

Position in the sector

93.0%

Higher solvency than 91% of companies in machinery and equipment. Sector median 49.8% · 465 companies.

Turnover not published (micro format)

Checked score

93
Excellent
Financially stronger than 53% of micro companies in machinery and equipment (NACE 28)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.3% across 980 companies (NACE 28, micro).

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1%lowest value 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.2%▲ +0.1 percentage points vs 03-2026highest value 05-2026: 0.1%▼ -0.1 percentage points vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Strong

Solvency
100=equity 93.0% of total assets
Liquidity
60+3short-term debt 7.0% · cash 8.0%
Profitability
70-10return on assets 1.2%

Score breakdown

raises risk
Sector: Manufacture of machinery and equipment not elsewhere classified (NACE 28)
lowers risk
Founded in 1996
Equity €465,557 (93.0% of total assets)
Figures for financial year 2025 (filed on 09-04-2026)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 28, micro). It does better than 89% of them on solvency, 59% on liquidity, 43% on profitability and 20% on growth.

The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 30-09-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 14,766 companies had the same profile as VANHEE ENGINEERING has now. Each dot stands for 37 companies, two years later.

96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of VANHEE ENGINEERING itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 14,766 companies, not a prediction for VANHEE ENGINEERING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €40,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 14.31 (12.54 in 2024), above the usual 1.5. Short-term debt is 7% and cash 8% of total assets. 7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1996
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €465,557 (93.0% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 09-04-2026)
NBB · annual accounts
raises risk · Sector: Manufacture of machinery and equipment not elsewhere classified (NACE 28)
KBO
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 filings
Deviation from the deadline
2025
21 days early
2024
34 days early
2023
33 days early
2022
31 days early
2021
2 days early
2020
36 days early
2019
33 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 27 days before the deadline. In the sector (NACE 28), the median for financial year 2024 was 11 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end06-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

BV
Bart VANHEE
Director
  • Bart VANHEE all the sharesdeed of 31-10-2023
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0458923727
Resignation: Bart VANHEE (manager) Reappointment: Bart VANHEE (statutory director) · Bart VANHEE holds all the shares · General meeting of 16-10-2023 · Gazette deed
First establishment Lieven Gevaertlaan 2, Izegem
Incorporation published on 17-10-1996 · Gazette deed
All 42 events

Comparable companies

same main activity, similar in size and age
Company Total assets Gross margin Solvency Staff
VANHEE ENGINEERING Izegem €0.5m -€45,778 93.0% -
B.A.S. BEDRIJFSAUTOMATISERING SEGERS Heusden-Zolder €0.4m €5,252 95.3% -
Omnitech Deinze €0.1m -€21,035 94.2% -
MECABLO Halen €0.2m €7,980 98.7% -
EURO FISH EQUIPMENT Fleurus €0.9m €11,341 73.0% -
KUMASS Kortrijk €1.1m €15,521 95.4% -
MECOPOL Diksmuide €0.5m €15,158 47.1% -

These companies have the same main activity as VANHEE ENGINEERING: manufacture of machinery and equipment not elsewhere classified (NACE 28299). They are comparable in size and age: total assets between €124,000 and €1.1m, founded between 1983 and 2008.

Official details

Source: KBO
Status
Active since 07-10-1996Normal situation
Activity
Manufacture of machinery and equipment not elsewhere classifiedNACE 28299
Joint committee
111Metal, mechanical and electrical engineering · annual accounts 30-09-2021
Establishment unit
2.078.554.3058870 Izegem, since 09-10-1996
Financial year end
30 September
Peppol
Reachable since 23-12-2025
Company details

Annual accounts to 30-09-2025

Gross margin
-€45,778
Profit
€5,874▼ 89.4%
Equity
€465,557▼ 16.8%
Total assets
€500,451▼ 17.7%
Filing
Filed on 09-04-2026, 21 days before the end of the filing period
Financials

Insights on VANHEE ENGINEERING

VANHEE ENGINEERING files the micro format. That format states no turnover. The gross margin fell from €174,281 in 2006 to -€45,778 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

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.

Board & ownership

Board

1 director, last change in 2023
Bart VANHEE
Statutory director
in office according to the deed of 31-10-2023 term without a fixed end
earlier manager, until 31-10-2023
listed in the 2025 annual accounts, filed on 09-04-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Bart VANHEE
Statutory director
BoardEarliermandate already running before its first mention
Mandates as a list
  • Bart VANHEE
    • Statutory director, since before 30-09-2021
    • Manager, until 31-10-2023

See the board, name and registered office on a given date →

Control

Shareholder
Bart VANHEE
This company
VANHEE ENGINEERING
Equity €465,557
Profit €5,874 in 2025

Capital

Contribution
€18,600
Source
2025 annual accounts

Articles of association

deed of 31-10-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Saturday of March at 11:00

Shareholders

Stated in the deed deed of 31-10-2023 ↗

Network & group

No group

VANHEE ENGINEERING has no parent and no holdings in its annual accounts. Bart VANHEE is the only director. VANHEE ENGINEERING shares no director with another company.

Timeline

Timeline

42 events since 1996

Deadline for the 2026 accounts: 30-04-2027

2026
Annual accounts 2025 filed PDFmicro format · 21 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0458923727
Annual accounts 2024 filed PDFmicro format · 34 days before the deadline
2024
Liquidity more than doubled current ratio 12.54 The current ratio rises from 5.76 to 12.54. Short-term debt falls from €112,154 to €48,348.
Annual accounts 2023 filed PDFmicro format · 33 days before the deadline
2023
Resignation: Bart VANHEE (manager)Reappointment: Bart VANHEE (statutory director) · Bart VANHEE holds all the shares · General meeting of 16-10-20238 points ▸
  • 75 shares
  • Board composition, Bart VANHEE (statutory director)
  • General meeting, 16-10-2023
  • Registered office clause, Lieven Gevaertlaan 2
  • Director resignation, Bart VANHEE (manager)
  • Director reappointment, Bart VANHEE (statutory director)
  • Board composition, Bart VANHEE (director)
  • Bart VANHEE holds all the shares
  • The deed holds 8 more points.

Open the deed in the Belgian Official Gazette

Equity above €500,000 equity €537,493 ▲21.8% After 6 profitable years in a row, equity reaches €537,493.
Annual accounts 2022 filed PDFmicro format · 31 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 2 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 36 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 33 days before the deadline
2018
Annual accounts 2017 filed PDFmicro format · 32 days before the deadline
2017
Back to profit net €33,781 The net result is €33,781, after one loss-making year.
Annual accounts 2016 filed PDFmicro format · 31 days late
2016
Annual accounts 2015 filed PDFabbreviated format · 64 days late
2015
Back to profit net €362 The net result is €362, after 2 loss-making years.
Annual accounts 2014 filed PDFabbreviated format · 31 days late
2014
Annual accounts 2013 filed PDFabbreviated format · 26 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 29 days late
2012
Highest result from 2006 to 2025 net €161,302 ▲1,862% The net result of €161,302 is the highest of those years.
Equity above €200,000 equity €290,341 ▲125% After 2 profitable years in a row, equity reaches €290,341.
Annual accounts 2011 filed PDFabbreviated format · 91 days late
2011
Back to profit net €8,219 The net result is €8,219, after one loss-making year.
Annual accounts 2010 filed PDFabbreviated format · 101 days late
2010
Weakest financial year net -€49,955 The net result drops to -€49,955, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2009 filed PDFabbreviated format · 38 days late
2009
Liquidity more than triples current ratio 6.25 The current ratio rises from 2.00 to 6.25. Short-term debt falls from €89,504 to €30,656.
Equity above €150,000 equity €170,775 ▲96.5% With a profit in every financial year since 2006, equity grows to €170,775.
Annual accounts 2008 filed PDFabbreviated format · 60 days late
2008
Annual accounts 2007 filed PDFabbreviated format · 61 days late
2007
Annual accounts 2006 filed PDFabbreviated format · 42 days late
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1996
First establishment Lieven Gevaertlaan 2, Izegem
Incorporation published on 17-10-1996

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

VANHEE ENGINEERING was incorporated on 7 October 1996.1 Total assets rose from €449,515 in 2019 to €500,451 in 2025 and headcount from 1 full-time equivalents in 2019 to 1 in 2022.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019, 2022 and 2025

Company details

Identity

Enterprise number
0458.923.727
VAT number
BE 0458.923.727
Peppol ID
0208:0458923727
Other Peppol ID
9925:BE0458923727
LEI code
967600C6ZXW6CE1SM107 no longer live in the LEI register
Legal form
Private limited company
Status
Active, normal situation
Founded
07-10-1996
Financial year
ends on 30 September
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Saturday of March at 11:00
deed of 31-10-2023 (in Dutch)
Peppol
Reachable since 23-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
VANHEE ENGINEERING in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 31-10-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 31-10-2023 (in Dutch)

Activities

NACEBEL 2025
28299 Manufacture of machinery and equipment not elsewhere classified main activity
Joint committees annual accounts 30-09-2021
JC 111 Metal, mechanical and electrical engineering
Codes under NACEBEL 2008
28299 Manufacture of machinery and equipment not elsewhere classified main activity
Codes under NACEBEL 2003
29247 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Bijdragen tot vestiging en ontwikkeling van ondernemingen; Het verwerven,door inschrijving of aankoop,en het beheren van…”
11 activities
  1. Bijdragen tot vestiging en ontwikkeling van ondernemingen
  2. Het verwerven,door inschrijving of aankoop,en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten vennootschappen;
  3. Het bevorderen van de oprichting van vennootschappen door inbreng,participatie of investering;
  4. Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren,onder om het even welke vorm: in dit kader kan zij zich ook borg stellen of haar aval verlenen,in de meest ruimte zin,alle handels- en financiële operaties verrichten,behalve die welke wettelijk voorbehouden zijn aan depositobanken,houders van deposito’s op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatie-ondernemingen;
  5. Het verlenen van adviezen van financiële,technische,commerciële of administratieve aard in de ruimste zin,bijstand en diensten verlenen,rechtstreeks of onrechtstreeks,op het vlak van administratie en financiën,verkoop,productie en algemeen bestuur;
  6. Het optreden als tussenpersoon bij onderhandelingen door gehele of gedeeltelijke overname van aandelen in de meest ruimte betekenis,het deelnemen aan emmissieverrichtingen van aandelen en vastrentende waarden voor intekening,waarborgplaatsing,verhandeling of anderszins,alsmede het verwezenlijken van om het even welke verrichtingen inzake portefeuille- of kapitaalbestuur;
  7. Het waarnemen van alle bestuursopdrachten,het uitoefenen van opdrachten en functies in andere vennootschappen evenals de functie van vereffenaar van andere vennootschappen;
  8. Het beheer van een onroerend vermogen en de huurfinanciering van onroerende goederen aan derden,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen,zoals het onderhoud,de ontwikkeling,de verfraaiing en de verhuring van deze goederen alsmede zich borgstellen voor het goede verkoop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen,ontwikkeling van projecten in de onroerende goederensector;
  9. Het ontwikkelen,kopen,verkopen,in licentie nemen of geven van octrooien,know-how en aanverwante immateriële duurzame activa;
  10. De aan- en verkoop,in- en uitvoer,commissiehandel en vertegenwoordiging van om het even welke goederen,in het kort tussenpersoon in de handel;
  11. Alle verrichtingen van commerciële,industriële,onroerende,roerende of financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp verwant of verknocht zijn of de verwezenlijking ervan kunnen bevorderen.
deed of 31-10-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Lieven Gevaertlaan 2 registered office 8870 Izegem 2370001 Cutting, shaping and finishing of stone 09-10-1996 2.078.554.305

Buildings and parcels at the address

Ground area
6,281 m²
Buildings
3,477 m²
Volume, LiDAR
17,803 m³
Tallest building
6.8 m
Buildings to scale, each on its own parcel
3,477 m², 6.8 m 3,477 m², 6.8 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
36492A0311/00B0006,281 m² 1 · 3,477 m² 6.8 m · 2

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