VANHEEDE ENVIRONMENTAL LOGISTICS
ActiveVANHEEDE ENVIRONMENTAL LOGISTICS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21.61M and a net result of €-3.34M. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 36% of 862 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability13▼-2
Solvency38▼-11
Growth54▼-1
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €800k at 30 days only on tighter terms
Liquidity short (current ratio 0.89 against 0.97 in 2024), and 73.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
26.5%
Return on assets
-4.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Sector 38
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€3.3M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
8 d early
2023
6 d early
2022
12 d early
2021
16 d early
2020
26 d late
2019
11 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€142.99M▲ 4.6%
2024 · €136.64M
2018: €87.72M
2019: €91.51M
2020: €93.48M
2021: €108.33M
2022: €114.95M
2023: €122.05M
2024: €136.64M
2018 → 2025
EBIT margin
-1.7%▼ 0.6pp
2024 · -1.1%
2018: 0.5%
2019: 2.7%
2020: 4.4%
2021: 5.1%
2022: 0.6%
2023: -1.7%
2024: -1.1%
2018 → 2025
Net result
€-3.34M▼ 41.2%
2024 · €-2.37M
2018: €113k
2019: €1.57M
2020: €2.90M
2021: €3.42M
2022: €75k
2023: €-2.54M
2024: €-2.37M
2018 → 2025
Working capital
€-4.14M▼ 256%
2024 · €-1.16M
2018: €304k
2019: €-1.44M
2020: €212k
2021: €-2.10M
2022: €-1.76M
2023: €-6.73M
2024: €-1.16M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€108.33M-€114.95M▲ 6.1%€122.05M▲ 6.2%€136.64M▲ 12.0%€142.99M▲ 4.6%
Equity€21.34M-€21.42M▲ 0.4%€18.88M▼ 11.8%€25.09M▲ 32.9%€21.61M▼ 13.9%
Operating result€5.53M-€665k▼ 88.0%€-2.09M€-1.50M▲ 28.2%€-2.37M▼ 58.3%
Net result€3.42M-€75k▼ 97.8%€-2.54M€-2.37M▲ 6.6%€-3.34M▼ 41.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.37M in 2025 against €1.50M in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81.57M
Fixed assets
€46.49M▲ 4.9%
Current assets
€35.08M▼ 0.2%
Equity and liabilities €81.57M
Equity
€21.61M▼ 13.9%
Provisions
€618k▲ 248%
Debt
€59.34M▲ 9.4%
The debt ratio rises from 68.2% to 72.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€7.29M▼
2024 · €7.74M
Cash flow
€6.32M▼
2024 · €6.87M
Solvency
26.5%▼
2024 · 31.6%
Current ratio
0.89▼
2024 · 0.97
Quick ratio
0.83▼
2024 · 0.91
Debt / equity
2.75▲
2024 · 2.16
ROE
-15.5%▼
2024 · -9.4%
ROA
-4.1%▼
2024 · -3.0%
Interest coverage
7.20▼
2024 · 9.93
Debt
€59.34M▲
2024 · €54.23M
Debt ≤ 1 year
€39.22M▲
2024 · €36.33M
Debt > 1 year
€19.68M▲
2024 · €17.56M
Income taxes
€-21k▼
2024 · €62k
Staff costs
€31.77M▲
2024 · €30.78M
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€79.50M€81.57M▲
Fixed assets21/28€44.33M€46.49M▲
Intangible fixed assets21€758k€840k▲
Tangible fixed assets22/27€43.54M€45.61M▲
Land and buildings22€6.67M€6.77M▲
Plant, machinery and equipment23€994k€1.33M▲
Furniture and vehicles24€21.52M€20.33M▼
Leasing and similar rights25€12.56M€15.19M▲
Assets under construction and advance payments27€1.79M€1.99M▲
Financial fixed assets28€38k€42k▲
Other financial fixed assets284/8€38k€42k▲
Amounts receivable and cash guarantees285/8€38k€42k▲
Current assets29/58€35.17M€35.08M▼
Stocks and contracts in progress3€2.15M€2.65M▲
Stocks30/36€2.15M€2.65M▲
Raw materials and consumables30/31€1.56M€2.13M▲
Goods purchased for resale34€587k€521k▼
Amounts receivable within one year40/41€29.25M€27.57M▼
Trade receivables40€28.07M€27.48M▼
Other amounts receivable41€1.18M€87k▼
Cash at bank and in hand54/58€3.46M€4.63M▲
Deferred charges and accrued income490/1€307k€228k▼
Equity and liabilities
Total equity and liabilities10/49€79.50M€81.57M▲
Equity10/15€25.09M€21.61M▼
Contributions10/11€2.06M€2.06M=
Capital10€2.06M€2.06M=
Issued capital100€2.06M€2.06M=
Revaluation surpluses12€847k€847k=
Reserves13€23.59M€23.59M=
Non-distributable reserves130/1€204k€204k=
Legal reserve130€204k€204k=
Tax-exempt reserves132€2.29M€1.98M▼
Distributable reserves133€21.09M€21.41M▲
Profit (loss) carried forward14€-1.55M€-4.89M▼
Investment grants15€135k-
Provisions and deferred taxes16€177k€618k▲
Provisions for liabilities and charges160/5€177k€618k▲
Other liabilities and charges164/5€177k€618k▲
Amounts payable17/49€54.23M€59.34M▲
Amounts payable after more than one year17€17.56M€19.68M▲
Financial debts170/4€14.06M€16.16M▲
Leasing and similar obligations172€9.01M€11.11M▲
Credit institutions173€5.05M€5.04M▼
Other amounts payable178/9€3.50M€3.52M▲
Amounts payable within one year42/48€36.33M€39.22M▲
Current portion of amounts payable after more than one year42€4.70M€5.52M▲
Financial debts43€4.90M€5.60M▲
Credit institutions430/8€4.90M€5.60M▲
Trade debts44€21.80M€21.93M▲
Suppliers440/4€21.80M€21.93M▲
Taxes, remuneration and social security45€4.91M€5.04M▲
Taxes450/3€930k€968k▲
Remuneration and social security454/9€3.98M€4.07M▲
Other amounts payable47/48€24k€1.13M▲
Accrued charges and deferred income492/3€342k€440k▲
Income statement
Code20242025
Operating income70/76A€138.24M€144.21M▲
Turnover70€136.64M€142.99M▲
Own construction capitalised72€555k€278k▼
Other operating income74€602k€687k▲
Non-recurring operating income76A€449k€252k▼
Operating charges60/66A€139.74M€146.58M▲
Goods for resale, raw materials and consumables60€64.07M€65.75M▲
Purchases600/8€64.31M€66.26M▲
Change in stocks: decrease (increase)609€-244k€-504k▼
Services and other goods61€33.58M€36.50M▲
Remuneration, social security and pensions62€30.78M€31.77M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9.24M€9.66M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€107k€200k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-3k€441k▲
Other operating charges640/8€1.93M€2.21M▲
Non-recurring operating charges66A€35k€45k▲
Operating profit (loss)9901€-1.50M€-2.37M▼
Financial income75/76B€131k€193k▲
Recurring financial income75€131k€193k▲
Income from current assets751€129k€56k▼
Other financial income752/9€2k€137k▲
Financial charges65/66B€939k€1.19M▲
Recurring financial charges65€939k€1.19M▲
Debt charges650€780k€1.01M▲
Other financial charges652/9€159k€174k▲
Profit (loss) for the period before taxes9903€-2.31M€-3.36M▼
Income taxes67/77€62k€-21k▼
Taxes670/3€62k€9k▼
Tax adjustments and reversals of tax provisions77-€30k
Profit (loss) for the period9904€-2.37M€-3.34M▼
Transfer from tax-exempt reserves789€737k€316k▼
Transfer to tax-exempt reserves689-€316k
Profit (loss) for the period to be appropriated9905€-1.63M€-3.34M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-811k€-4.89M▼
Profit (loss) brought forward from the previous period14P€820k€-1.55M▼
Transfer to equity691/2€737k-
To other reserves6921€737k-
Social balance
Average headcount (FTE)9087458.9463.3▲
The notes to these accounts (97 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-3.34M
Net result drops to €-3.34M, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €25MEq €25.09M ▲32.9%
Equity rises from €18.88M to €25.09M.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €3.42M ▲17.7%
Operating result €5.53M, net result €3.42M, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
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.
07-03-2022
Resigned as Director
07-03-2022
Resigned as Managing director
27-12-2018
Resigned as Director
27-12-2018
Resigned as Managing director
21-02-2014
Resigned as Director
21-02-2014
Resigned as Managing director
Location & real-estate footprint
Registered office, Wervik · 13 establishment units since 1969
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.
Dullaardstraat 118940 WervikGround area
28.4 ha
Building footprint
3.4 ha
Volume, LiDAR
69,340 m³
13 parcels, Flanders, Wallonia · tallest building 15.4 m, ±5 floors. Linked by address, not a title deed.
13 establishment units
VANHEEDE ENVIRONMENTAL LOGISTICS
since 19692.002.597.860
VANHEEDE ENVIRONMENTAL LOGISTICS
since 19932.061.167.153
VANHEEDE ENVIRONMENTAL LOGISTICS
since 19932.061.167.252
VANHEEDE ENVIRONMENTAL LOGISTICS
since 19932.061.167.054
VANHEEDE ENVIRONMENTAL LOGISTICS
since 20092.177.013.659
VANHEEDE ENVIRONMENTAL LOGISTICS
since 20092.177.013.758
Show 7 more locations
VANHEEDE ENVIRONMENTAL LOGISTICS
since 20122.217.392.878
VANHEEDE ENVIRONMENTAL LOGISTICS
since 20142.236.032.716
VANHEEDE ENVIRONMENTAL LOGISTICS
since 20192.288.980.066
VANHEEDE ENVIRONMENTAL LOGISTICS
since 20212.319.351.063
VANHEEDE ENVIRONMENTAL LOGISTICS
since 20232.349.745.717
VANHEEDE ENVIRONMENTAL LOGISTICS
since 20252.371.188.061
VANHEEDE ENVIRONMENTAL LOGISTICS
since 20262.393.310.593
13 parcels
Flanders
7
(53.8%)
Wallonia
6
(46.2%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502E0173/00T000 | Flanders | 5.5 ha | 1 · 1.2 ha | - |
| 54003T0530/00H000 | Wallonia | 4.4 ha | 1 · 365 m² | 8.8 m · 3 fl. |
| 11814A0269/00Z007 | Flanders | 3.9 ha | 1 · 497 m² | 10.7 m · 3 fl. |
| 81015A2920/00W003 | Wallonia | 2.4 ha | 1 · 2,385 m² | - |
| 61027A0229/00P003 | Wallonia | 2.4 ha | - | - |
| 36302B1698/00L002 | Flanders | 2.1 ha | 1 · 1.2 ha | - |
| 61070A0144/00A000 | Wallonia | 2.1 ha | 1 · 391 m² | 13.2 m · 3 fl. |
| 25782C0617/00L000 | Wallonia | 1.9 ha | 1 · 2,667 m² | 15.4 m · 5 fl. |
| 44812P0351/00T003 | Flanders | 1.2 ha | - | - |
| 31022A0425/00Y000 | Flanders | 8,931 m² | 1 · 1,576 m² | 11.6 m · 3 fl. |
| 23053B0258/00H000 | Flanders | 8,843 m² | 1 · 2,263 m² | - |
| 53066B0206/00F000 | Wallonia | 6,225 m² | - | - |
| 33009D0234/00Z000 | Flanders | 620 m² | 1 · 620 m² | 8.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 12
13 of 13 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 367,201 EUR awarded · 271,393 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 15,434 EUR | 159,146 EUR |
| 2024 | 2 | 259,384 EUR | 19,864 EUR |
| 2023 | 2 | 53,299 EUR | 53,299 EUR |
| 2022 | 2 | 39,084 EUR | 39,084 EUR |
Schemes
Ecologiepremie+
Vlaams opleidingsverlof (VOV)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Recognitions · licences · registrations
Food safety, FASFC
1 siteWervik2.061.167.153
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Of 389 companies in sector 38110 we hold annual accounts for 200. 47 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-01-1993
Fiscal year end31-12
Activities, NACEBEL
38110Waste collection, recovery and disposal activities
49410Freight transport by road
90021
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.