VANHEE PATRICK
ActiveSummary
VANHEE PATRICK has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €472k and a net result of €111k. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 90% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▲+10
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 9.54 against 7.77 in 2024; short-term debt: 6.8% and cash: 40.9% of total assets), and 11.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
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
88.5%
Return on assets
20.9%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 10-10-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
38 d early
2023
28 d early
2022
5 d early
2021
32 d early
2020
5 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€472k▲ 24.0%
2024 · €380k
2019: €447k
2020: €188k▼ -58.0% vs 2019lowest in 7 years
2021: €226k▲ +20.4% vs 2020
2022: €249k▲ +10.2% vs 2021
2023: €346k▲ +38.8% vs 2022
2024: €380k▲ +9.9% vs 2023
2025: €472k▲ +24.0% vs 2024highest in 7 years
2019 → 2025
Total assets
€533k▲ 19.2%
2024 · €447k
2019: €528k
2020: €266k▼ -49.7% vs 2019lowest in 7 years
2021: €290k▲ +9.1% vs 2020
2022: €301k▲ +3.6% vs 2021
2023: €370k▲ +23.1% vs 2022
2024: €447k▲ +20.8% vs 2023
2025: €533k▲ +19.2% vs 2024highest in 7 years
2019 → 2025
Net result
€111k▲ 94.4%
2024 · €57k
2019: €25k
2020: €22k▼ -12.8% vs 2019lowest in 7 years
2021: €54k▲ +146% vs 2020
2022: €37k▼ -30.8% vs 2021
2023: €97k▲ +159% vs 2022
2024: €57k▼ -40.8% vs 2023
2025: €111k▲ +94.4% vs 2024highest in 7 years
2019 → 2025
Working capital
€309k▲ 56.1%
2024 · €198k
2019: €349khighest in 7 years
2020: €79k▼ -77.3% vs 2019lowest in 7 years
2021: €100k▲ +26.4% vs 2020
2022: €123k▲ +23.0% vs 2021
2023: €220k▲ +78.4% vs 2022
2024: €198k▼ -9.8% vs 2023
2025: €309k▲ +56.1% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€226k-€249k▲ 10.2%€346k▲ 38.8%€380k▲ 9.9%€472k▲ 24.0%
2021: €226klowest in 5 years
2022: €249k▲ +10.2% vs 2021
2023: €346k▲ +38.8% vs 2022
2024: €380k▲ +9.9% vs 2023
2025: €472k▲ +24.0% vs 2024highest in 5 years
Operating result€97k-€56k▼ 41.6%€143k▲ 153%€87k▼ 39.2%€163k▲ 87.5%
2021: €97k
2022: €56k▼ -41.6% vs 2021lowest in 5 years
2023: €143k▲ +153% vs 2022
2024: €87k▼ -39.2% vs 2023
2025: €163k▲ +87.5% vs 2024highest in 5 years
Net result€54k-€37k▼ 30.8%€97k▲ 159%€57k▼ 40.8%€111k▲ 94.4%
2021: €54k
2022: €37k▼ -30.8% vs 2021lowest in 5 years
2023: €97k▲ +159% vs 2022
2024: €57k▼ -40.8% vs 2023
2025: €111k▲ +94.4% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 88% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €533k
Fixed assets
€187k ▼ 14.7%
Current assets
€346k ▲ 51.9%
Equity and liabilities €533k
Equity
€472k ▲ 24.0%
Debt
€61k ▼ 8.0%
Debt's share of the balance-sheet total falls from 14.9% to 11.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€195k▲
2024 · €102k
Cash flow
€144k▲
2024 · €72k
Current ratio
9.54▲
2024 · 7.77
Debt to equity
0.13▼
2024 · 0.17
ROE
23.6%▲
2024 · 15.1%
ROA
20.9%▲
2024 · 12.8%
Interest coverage
63.82▼
2024 · 99.88
Debt ≤ 1 year
€36k▲
2024 · €29k
Debt > 1 year
€25k▼
2024 · €37k
Income taxes
€53k▲
2024 · €29k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€447k€533k▲
Fixed assets21/28€220k€187k▼
Tangible fixed assets22/27€219k€186k▼
Land and buildings22€113k€105k▼
Furniture and vehicles24€105k€81k▼
Financial fixed assets28€1k€1k=
Current assets29/58€227k€346k▲
Amounts receivable within one year40/41€30k€21k▼
Other amounts receivable41€30k€21k▼
Current investments50/53-€107k
Cash at bank and in hand54/58€176k€218k▲
Deferred charges and accrued income490/1€22k-
Equity and liabilities
Total equity and liabilities10/49€447k€533k▲
Equity10/15€380k€472k▲
Contributions10/11€6k€6k=
Reserves13€364k€455k▲
Distributable reserves133€364k€455k▲
Profit (loss) carried forward14€10k€10k=
Amounts payable17/49€67k€61k▼
Amounts payable after more than one year17€37k€25k▼
Financial debts170/4€37k€25k▼
Amounts payable within one year42/48€29k€36k▲
Current portion of amounts payable after more than one year42€17k€12k▼
Trade debts44€3k€3k▲
Suppliers440/4€3k€3k▲
Taxes, remuneration and social security45€10k€21k▲
Taxes450/3€10k€21k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€32k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€106k€199k▲
Operating profit (loss)9901€87k€163k▲
Financial income75/76B€718€5k▲
Recurring financial income75€718€2k▲
Non-recurring financial income76B-€3k
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€87k€165k▲
Income taxes67/77€29k€53k▲
Profit (loss) for the period9904€57k€111k▲
Profit (loss) for the period to be appropriated9905€57k€111k▲
Appropriation of the result
Profit (loss) to be appropriated9906€67k€122k▲
Profit (loss) brought forward from the previous period14P€10k€10k=
Transfer from equity791/2€23k€20k▼
Transfer to equity691/2€57k€111k▲
To other reserves6921€57k€111k▲
Profit to be distributed694/7€23k€20k▼
Return on contributions (dividend)694€23k€20k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €12k | €12k | €15k | €32k | ▲ 114% |
| Other operating charges640/8 | - | €5k | €5k | €4k | €4k | ▲ 2.4% |
| Gross operating margin9900 | €112k | €73k | €159k | €106k | €199k | ▲ 88.3% |
| Operating profit (loss)9901 | €97k | €56k | €143k | €87k | €163k | ▲ 87.5% |
| Financial income75/76B | - | €1k | €2k | €718 | €5k | ▲ 575% |
| Recurring financial income75 | €1k | €1k | €2k | €718 | €2k | ▲ 110% |
| Non-recurring financial income76B | - | - | - | - | €3k | - |
| Financial charges65/66B | - | €632 | €444 | €1k | €3k | ▲ 200% |
| Recurring financial charges65 | €13k | €632 | €444 | €1k | €3k | ▲ 200% |
| Profit (loss) for the period before taxes9903 | €85k | €57k | €144k | €87k | €165k | ▲ 90.2% |
| Income taxes67/77 | €31k | €20k | €48k | €29k | €53k | ▲ 82.0% |
| Profit (loss) for the period9904 | €54k | €37k | €97k | €57k | €111k | ▲ 94.4% |
| Profit (loss) for the period to be appropriated9905 | €82k | €37k | €97k | €57k | €111k | ▲ 94.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €290k | €301k | €370k | €447k | €533k | ▲ 19.2% |
| Fixed assets21/28 | €155k | €143k | €131k | €220k | €187k | ▼ 14.7% |
| Tangible fixed assets22/27 | €154k | €142k | €130k | €219k | €186k | ▼ 14.8% |
| Land and buildings22 | - | €131k | €122k | €113k | €105k | ▼ 7.6% |
| Furniture and vehicles24 | - | €11k | €8k | €105k | €81k | ▼ 22.5% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €135k | €157k | €239k | €227k | €346k | ▲ 51.9% |
| Amounts receivable after more than one year29 | - | €50k | €50k | - | - | - |
| Other amounts receivable291 | - | €50k | €50k | - | - | - |
| Amounts receivable within one year40/41 | €21k | €36k | €35k | €30k | €21k | ▼ 29.4% |
| Trade receivables40 | - | €16k | - | - | - | - |
| Other amounts receivable41 | - | €20k | €35k | €30k | €21k | ▼ 29.4% |
| Current investments50/53 | - | - | - | - | €107k | - |
| Cash at bank and in hand54/58 | €58k | €70k | €152k | €176k | €218k | ▲ 24.0% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €22k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €290k | €301k | €370k | €447k | €533k | ▲ 19.2% |
| Equity10/15 | €226k | €249k | €346k | €380k | €472k | ▲ 24.0% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €196k | €233k | €330k | €364k | €455k | ▲ 25.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €231k | €328k | €364k | €455k | ▲ 25.0% |
| Profit (loss) carried forward14 | €24k | €10k | €10k | €10k | €10k | = |
| Amounts payable17/49 | €64k | €51k | €24k | €67k | €61k | ▼ 8.0% |
| Amounts payable after more than one year17 | €29k | €17k | €5k | €37k | €25k | ▼ 33.0% |
| Financial debts170/4 | - | €17k | €5k | €37k | €25k | ▼ 33.0% |
| Amounts payable within one year42/48 | €35k | €34k | €19k | €29k | €36k | ▲ 23.7% |
| Current portion of amounts payable after more than one year42 | - | €12k | €12k | €17k | €12k | ▼ 26.9% |
| Trade debts44 | €8k | €6k | €2k | €3k | €3k | ▲ 1.1% |
| Suppliers440/4 | - | €6k | €2k | €3k | €3k | ▲ 1.1% |
| Taxes, remuneration and social security45 | - | €15k | €5k | €10k | €21k | ▲ 117% |
| Taxes450/3 | - | €14k | €5k | €10k | €21k | ▲ 117% |
| Remuneration and social security454/9 | - | €1k | - | - | - | - |
| Other amounts payable47/48 | - | €2k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54k | €37k | €97k | €57k | €111k | ▲ 94.4% |
| + Depreciation and write-downs630 | €10k | €12k | €12k | €15k | €32k | ▲ 114% |
| Operating cash flow (approximation) | €64k | €49k | €109k | €72k | €144k | ▲ 98.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-103k | €0 | ▲ 100% |
| Change in cash | - | €12k | €82k | €24k | €42k | ▲ 78.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €111k ▲94.4%
Operating result €163k, net result €111k, both a record.
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Liquidity triplescurrent ratio 12.67
Current ratio from 4.59 to 12.67; short-term debt falls from €34k to €19k.
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Equity above €200kEq €226k ▲20.4%
3 profitable years in a row build equity to €226k.
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet €22k ▼12.8%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
2019
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Gistel · 1 establishment unit since 1999
Ground area
1,963 m²
Building footprint
294 m²
Volume, LiDAR
1,813 m³
Parcel 35005D0476/00D000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Claventweg 62, 8470 Gistel
since 19992.093.033.435
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35005D0476/00D000 | Flanders | 1,963 m² | 1 · 294 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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QUARES RESIDENTIAL AGENCY
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DP GLOBAL INVEST
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L'AGENCE DE L'EQUERRE
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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 4,639 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-10-1999
Fiscal year end31-03
Activities, NACEBEL 2025
68310Real estate agency activities
Contact
E-mail
patrickvanhee@skynet.be
Scores and ratios are computed by Checked and are not a credit decision.