VANHEE PROJEKT
ActiveVANHEE PROJEKT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €807k and a net result of €-141k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 53% of 820 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency66▼-29
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days only on tighter terms
Liquidity tight (current ratio 1.41 against 1.91 in 2024), and 64% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
29 d late
2022
25 d late
2021
23 d late
2020
24 d late
2019
21 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-141k
2024 · €1.13M
2018: €73k
2019: €-141k
2020: €-154k
2021: €-251k
2022: €-242k
2023: €-182k
2024: €1.13M
2018 → 2025
Working capital
€558k▼ 9.7%
2024 · €618k
2018: €1.11M
2019: €1.24M
2020: €1.15M
2021: €500k
2022: €100k
2023: €-370k
2024: €618k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€604k-€362k▼ 40.0%€-114k€948k€807k▼ 14.9%
Operating result€-178k-€-198k▼ 11.2%€-165k▲ 16.7%€1.23M€-119k
Net result€-251k-€-242k▲ 3.8%€-182k▲ 24.7%€1.13M€-141k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €119k after €1.23M in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.24M
Fixed assets
€315k▼ 22.9%
Current assets
€1.92M▲ 48.6%
Equity and liabilities €2.24M
Equity
€807k▼ 14.9%
Debt
€1.43M▲ 89.7%
The debt ratio rises from 44.3% to 64.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-101k▼
2024 · €1.25M
Cash flow
€-123k▼
2024 · €1.16M
Solvency
36.0%▼
2024 · 55.7%
Current ratio
1.41▼
2024 · 1.91
Quick ratio
0.23▼
2024 · 0.91
Debt / equity
1.78▲
2024 · 0.80
ROE
-17.5%▼
2024 · 119.7%
ROA
-6.3%▼
2024 · 66.6%
Interest coverage
-3.91▼
2024 · 66.63
Debt
€1.43M▲
2024 · €756k
Debt ≤ 1 year
€1.37M▲
2024 · €677k
Debt > 1 year
€65k▼
2024 · €77k
Income taxes
€0▼
2024 · €76k
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€1.70M€2.24M▲
Fixed assets21/28€409k€315k▼
Tangible fixed assets22/27€409k€315k▼
Land and buildings22€321k€310k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€81k€0▼
Financial fixed assets28€96€96=
Current assets29/58€1.30M€1.92M▲
Stocks and contracts in progress3€679k€1.61M▲
Stocks30/36€679k€1.61M▲
Contracts in progress37€0-
Amounts receivable within one year40/41€510k€185k▼
Trade receivables40€110k€85k▼
Other amounts receivable41€400k€100k▼
Cash at bank and in hand54/58€106k€127k▲
Deferred charges and accrued income490/1€161€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.70M€2.24M▲
Equity10/15€948k€807k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€887k€746k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€881k€740k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€756k€1.43M▲
Amounts payable after more than one year17€77k€65k▼
Financial debts170/4€77k€65k▼
Amounts payable within one year42/48€677k€1.37M▲
Current portion of amounts payable after more than one year42€12k€13k▲
Financial debts43€150k€700k▲
Credit institutions430/8€150k€700k▲
Trade debts44€53k€222k▲
Suppliers440/4€53k€222k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€6k€11k▲
Taxes450/3€2k€7k▲
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€456k€422k▼
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20242025
Non-recurring operating income76A€16k€24k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€18k▼
Other operating charges640/8€11k€11k▼
Non-recurring operating charges66A€5k€6k▲
Gross operating margin9900€1.27M€-85k▼
Operating profit (loss)9901€1.23M€-119k▼
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€19k€26k▲
Recurring financial charges65€19k€26k▲
Profit (loss) for the period before taxes9903€1.21M€-141k▼
Income taxes67/77€76k€0▼
Profit (loss) for the period9904€1.13M€-141k▼
Profit (loss) for the period to be appropriated9905€1.13M€-141k▼
Appropriation of the result
Profit (loss) to be appropriated9906€164k€-141k▼
Profit (loss) brought forward from the previous period14P€-971k€0▲
Transfer from equity791/2€73k€141k▲
Transfer to equity691/2€164k€0▼
To other reserves6921€164k€0▼
Profit to be distributed694/7€73k€0▼
Return on contributions (dividend)694€73k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (16 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Back to profitnet €1.13M
Net result €1.13M after 5 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.91
Current ratio from 0.95 to 1.91; short-term debt falls from €7.67M to €677k.
31-12
Financial
Equity above €500kEq €948k
Equity rises from €-114k to €948k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
31-12
Financial
Weakest financial yearnet €-251k
Net result drops to €-251k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 10 days late
2017
23-06
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
5 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, Jabbeke · 1 establishment unit since 2006
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.
Vaartdijk-Zuid 48490 JabbekeGround area
1.1 ha
Building footprint
159 m²
Volume, LiDAR
388 m³
Parcel 31012A1123/00C000, Flanders · tallest building 6.2 m. Linked by address, not a title deed.
1 establishment unit
Vanhee Projekt
since 20062.151.363.394
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31012A1123/00C000 | Flanders | 1.1 ha | 1 · 159 m² | 6.2 m |
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.
Similar companies · same sector, comparable size
LIFE BOUW
BE 0879.559.574
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AAS CHASSIS
BE 0841.962.473
Vorst · Eq €807k
Bouwonderneming Willy Tack
BE 0407.568.561
Kortrijk · Eq €808k
ENTREPRISE DE TOITURE D.I.M.
BE 0422.764.305
Elsene · Eq €807k
PLACIDO CONSTRUCT
BE 0500.506.934
Zaventem · Eq €807k
Of 29,551 companies in sector 41001 we hold annual accounts for 15,874. 7,226 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-01-2006
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
68121Development of residential building projects
52100Warehousing and storage
63122
70111
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.