VANHEE-VERFAILLIE

Active

Private limited companyfounded 20224 yrs activeVossaardestraat 6, 8940 Wervik, BelgiumKBO/BCE: BE 0783.484.341

The computed 12-month bankruptcy probability of VANHEE-VERFAILLIE is 2.2% (moderate). The 2025 annual accounts show equity of €186k and a net result of €4k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 43% of 18024 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

56 / 100

Fair▲ +5 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability9▼-39

Solvency48▲+9

Growth52=

Stability94

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €10k at 30 days acceptable

Liquidity tight (current ratio 1.32 against 1.26 in 2024), and 73.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

26.4%

Return on assets

0.5%

Age of the figures

8 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

3 d early

2024

28 d late

2023

29 d late

2022

30 d late

← before the deadline after the deadline →

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 months

Position in the running window

15-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€186k▲ 1.9%

2024 · €183k

2022: €103k 2023: €165k 2024: €183k

2022 → 2025

Total assets

€704k▼ 11.3%

2024 · €794k

2022: €608k 2023: €816k 2024: €794k

2022 → 2025

Net result

€4k▼ 80.0%

2024 · €18k

2022: €102k 2023: €62k 2024: €18k

2022 → 2025

Working capital

€165k▲ 6.5%

2024 · €155k

2022: €109k 2023: €136k 2024: €155k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€103k-€165k▲ 59.9%€183k▲ 10.6%€186k▲ 1.9%

Operating result€137k-€82k▼ 40.2%€25k▼ 69.7%€9k▼ 65.3%

Net result€102k-€62k▼ 39.5%€18k▼ 71.6%€4k▼ 80.0%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen three years in a row; 2025 is 65% below 2024 and is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €704k

95.9%

Fixed assets €29k▼ 25.5%

Current assets €675k▼ 10.6%

Equity and liabilities €704k

26.4%

73.6%

Equity €186k▲ 1.9%

Debt €518k▼ 15.3%

The debt ratio falls from 77.0% to 73.6%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€19k▼

2024 · €36k

Cash flow

€13k▼

2024 · €29k

Solvency

26.4%▲

2024 · 23.0%

Current ratio

1.32▲

2024 · 1.26

Quick ratio

0.28▼

2024 · 0.38

Debt / equity

2.78▼

2024 · 3.35

ROE

1.9%▼

2024 · 9.6%

ROA

0.5%▼

2024 · 2.2%

Interest coverage

2.35▼

2024 · 7.25

Debt

€518k▼

2024 · €611k

Debt ≤ 1 year

€510k▼

2024 · €600k

Debt > 1 year

€8k▼

2024 · €12k

Income taxes

€2k▼

2024 · €5k

Staff costs

€207

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€794k€704k▼

Fixed assets21/28€39k€29k▼

Intangible fixed assets21€502€238▼

Tangible fixed assets22/27€38k€29k▼

Plant, machinery and equipment23€7k€5k▼

Furniture and vehicles24€5k€3k▼

Other tangible fixed assets26€26k€21k▼

Current assets29/58€755k€675k▼

Stocks and contracts in progress3€528k€530k▲

Stocks30/36€528k€530k▲

Amounts receivable within one year40/41€151k€107k▼

Trade receivables40€150k€107k▼

Other amounts receivable41€44€36▼

Cash at bank and in hand54/58€75k€36k▼

Deferred charges and accrued income490/1€2k€2k▼

Equity and liabilities

Total equity and liabilities10/49€794k€704k▼

Equity10/15€183k€186k▲

Contributions10/11€5k€5k=

Reserves13€178k€181k▲

Distributable reserves133€178k€181k▲

Amounts payable17/49€611k€518k▼

Amounts payable after more than one year17€12k€8k▼

Financial debts170/4€12k€8k▼

Amounts payable within one year42/48€600k€510k▼

Current portion of amounts payable after more than one year42€3k€13k▲

Financial debts43€50k€50k=

Credit institutions430/8€50k€50k=

Trade debts44€224k€132k▼

Suppliers440/4€224k€132k▼

Advances received on contracts in progress46€9k-

Taxes, remuneration and social security45€29k€21k▼

Taxes450/3€26k€17k▼

Remuneration and social security454/9€3k€4k▲

Other amounts payable47/48€284k€293k▲

Accrued charges and deferred income492/3€84€23▼

Income statement Code20242025

Non-recurring operating income76A€22k-

Remuneration, social security and pensions62-€207

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€10k▼

Other operating charges640/8€1k€15k▲

Gross operating margin9900€38k€34k▼

Operating profit (loss)9901€25k€9k▼

Financial income75/76B€2k€5k▲

Recurring financial income75€2k€5k▲

Financial charges65/66B€5k€8k▲

Recurring financial charges65€5k€8k▲

Profit (loss) for the period before taxes9903€22k€6k▼

Income taxes67/77€5k€2k▼

Profit (loss) for the period9904€18k€4k▼

Profit (loss) for the period to be appropriated9905€18k€4k▼

Appropriation of the result

Profit (loss) to be appropriated9906€18k€4k▼

Transfer to equity691/2€18k€4k▼

To other reserves6921€18k€4k▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €4k ▼80%

Net result drops to €4k, the lowest in the series.

28-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 28 days late

2024

29-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 29 days late

2023

31-12

Financial Equity above €150kEq €165k ▲59.9%

2 profitable years in a row build equity to €165k.

30-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Wervik · 2 establishment units since 2022

establishment All 2 establishment units on the map

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.

Vossaardestraat 68940 Wervik

Ground area

6,163 m²

Building footprint

2,202 m²

Volume, LiDAR

12,342 m³

3 parcels, Flanders · tallest building 12.7 m, ±4 floors. Linked by address, not a title deed.

2 establishment units

Dartshop Vanhee

Ieperstraat 373, 8930 MenenRetail sale of other sporting goods

since 20222.329.293.860

Dartshop Vanhee

Meensesteenweg 244, 8890 MoorsledeRetail sale of other sporting goods

since 20262.391.750.081

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
36003A0478/00W000	Flanders	3,098 m²	1 · 435 m²	12.7 m · 4 fl.
34372A0312/00X000	Flanders	2,890 m²	1 · 1,625 m²	6.5 m · 1 fl.
33029A0250/00W000	Flanders	175 m²	1 · 143 m²	8.0 m · 1 fl.