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VANHEEDE PROPRETE

Active
Private limited companyfounded 198937 yrs activeRue de Villers(VIN) 35, 4520 Wanze, BelgiumKBO/BCE: BE 0437.808.609
Summary

The computed 12-month bankruptcy probability of VANHEEDE PROPRETE is 4.2% (elevated). The 2025 annual accounts show negative equity (-€3.8m) and a net result of -€1.1m. Equity is shrinking by ~22.1% per year across the filed fiscal years. Its solvency ranks better than 6% of 240 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
VANHEEDE PROPRETEActiveChecked score 46/100
Risk analysis ReportCompare

Overview

Activity
Waste collection, recovery and disposal activities
NACE 38110
#1 company by staff growth in the province of Liège, Water and waste sector1 site
Size
€3.7mtotal assets 2025
Staff
76.4 FTE
Equity
-€3.8m
Loss
-€1.1m
Net result -84%: other schema
Financial health
46 Fair Checked score 2025
Bankruptcy chance 12 m
4.2%
Structure
Parent
VANHEEDE ENVIRONMENT GROUP · 100%
Accounts 7 d early0 of 13 deeds read
Why 46- Negative equity -€3.8m- Loss of €1.1m, the second in a row (FY 2025)- Sector Waste collection, recovery and disposal activities (NACE 38)- Founded in 1989Show the evidence

Checked score

Score 2025
46 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 12% of its sector peers (NACE 38, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -103.1% of total assets
Liquidity 32+12
short-term debt 52.0% · cash 6.4%
Profitability 0=
return on assets -28.5%
Bankruptcy probability, 12 months
4.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (46 companies)
Last 24 months 11-2024: 5.8% 12-2024: 5.8%● 0.0% vs 11-2024 01-2025: 5.8%● 0.0% vs 12-2024 02-2025: 5.9%▲ +1.2% vs 01-2025 03-2025: 5.9%● 0.0% vs 02-2025 04-2025: 5.9%● 0.0% vs 03-2025 05-2025: 6.0%▲ +2.3% vs 04-2025highest value 06-2025: 5.9%▼ -2.3% vs 05-2025 07-2025: 6.0%▲ +2.2% vs 06-2025 08-2025: 4.6%▼ -22.8% vs 07-2025 09-2025: 4.6%● 0.0% vs 08-2025 10-2025: 4.6%● 0.0% vs 09-2025 11-2025: 4.6%● 0.0% vs 10-2025 12-2025: 4.6%● 0.0% vs 11-2025 01-2026: 4.6%● 0.0% vs 12-2025 02-2026: 4.6%● 0.0% vs 01-2026 03-2026: 5.2%▲ +11.5% vs 02-2026 04-2026: 5.2%● 0.0% vs 03-2026 05-2026: 5.2%▲ +0.6% vs 04-2026 06-2026: 5.4%▲ +4.1% vs 05-2026 07-2026: 5.5%▲ +1.0% vs 06-2026 08-2026: 4.2%▼ -23.1% vs 07-2026lowest value 09-2026: 4.2%● 0.0% vs 08-2026lowest value 10-2026: 4.2%● 0.0% vs 09-2026lowest value
  • Negative equity -€3.8m raises the probability
  • Loss of €1.1m, the second in a row (FY 2025) raises the probability
  • Sector Waste collection, recovery and disposal activities (NACE 38) raises the probability
  • Founded in 1989 raises the probability for this profile
No credit on open account
Liquidity ample (current ratio 1.58 against 1.08 in 2024; short-term debt: 52% and cash: 6.4% of total assets), but equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 38, medium-sized). Better than this share of them on solvency 2%, liquidity 33%, profitability 5%, growth against the median 7%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity -€3.8m
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €1.1m, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Waste collection, recovery and disposal activities (NACE 38)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Founded in 1989
In the bankruptcy model this factor raises the probability for this profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€3.8m
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
7 d early
2024
8 d early
2023
6 d early
2022
11 d early
2021
16 d early
2020
9 d early
2019
9 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 23 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Weakest financial yearnet -€1.1m
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€3.8m View
  • Risk: 8 loss-making years in a rowloss fiscal year 2025 -€1.1m View
  • Caution: Result fell in 2025different schema filed ▼ 83.7% View
  • Caution: Among the weakest 5% on net resultsector median €34,397 · 241 companies -€1.1m View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by VANHEEDE ENVIRONMENT GROUP 100% View

By topic

Financials

Fiscal year
2025
Total assets
€3.7m
Loss
-€1.1m
Solvency
-103.1%
Turnover▲ 1.7%
Net result
20182019
Go to Financials

Timeline

Events
11
Since
2017
Next accounts
by 31-07-2027
  1. 24-07-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 23-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Waste collection, recovery and disposal activitiesNACE 38110
Founded
28-06-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?VANHEEDE ENVIRONMENT GROUP · 11 companies

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