VANHEGEN CONSULTING
ActiveVANHEGEN CONSULTING has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43k and a net result of €-322. Equity is shrinking by ~23% per year across the filed fiscal years. Its solvency ranks better than 74% of 1287 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▲+16
Solvency77▲+7
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.18 in 2024; short-term debt: 40.6% and cash: 35.3% of total assets), and 48.1% of the assets are financed with debt.
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
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.9%
Return on assets
-0.4%
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 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-322
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
3 d early
2023
21 d early
2022
3 d early
2021
16 d early
2020
2 d early
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€43k▼ 0.8%
2024 · €43k
2018: €211k
2019: €184k
2020: €175k
2021: €167k
2022: €53k
2023: €56k
2024: €43k
2018 → 2025
Total assets
€82k▼ 13.8%
2024 · €95k
2018: €291k
2019: €235k
2020: €209k
2021: €180k
2022: €118k
2023: €107k
2024: €95k
2018 → 2025
Net result
€-322▲ 97.5%
2024 · €-13k
2018: €-31k
2019: €-27k
2020: €-10k
2021: €-8k
2022: €-86k
2023: €3k
2024: €-13k
2018 → 2025
Working capital
€16k▲ 133%
2024 · €7k
2018: €-30k
2019: €-19k
2020: €6k
2021: €30k
2022: €-13k
2023: €7k
2024: €7k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€167k-€53k▼ 68.4%€56k▲ 5.3%€43k▼ 22.8%€43k▼ 0.8%
Operating result€-7k-€-85k▼ 1,114%€4k€-10k€258
Net result€-8k-€-86k▼ 1,034%€3k€-13k€-322▲ 97.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €258 after a loss of €10k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82k
Fixed assets
€33k▼ 35.8%
Current assets
€49k▲ 11.5%
Equity and liabilities €82k
Equity
€43k▼ 0.8%
Debt
€39k▼ 24.6%
The debt ratio falls from 55.0% to 48.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€25k▲
2024 · €14k
Cash flow
€25k▲
2024 · €12k
Solvency
51.9%▲
2024 · 45.0%
Current ratio
1.48▲
2024 · 1.18
Quick ratio
1.48▲
2024 · 1.18
Debt / equity
0.93▼
2024 · 1.22
ROE
-0.8%▲
2024 · -29.5%
ROA
-0.4%▲
2024 · -13.3%
Interest coverage
36.07▲
2024 · 6.20
Debt
€39k▼
2024 · €52k
Debt ≤ 1 year
€33k▼
2024 · €37k
Debt > 1 year
€6k▼
2024 · €14k
Income taxes
€173▼
2024 · €173
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€95k€82k▼
Fixed assets21/28€51k€33k▼
Tangible fixed assets22/27€51k€33k▼
Furniture and vehicles24€24k€15k▼
Other tangible fixed assets26€27k€18k▼
Current assets29/58€44k€49k▲
Amounts receivable after more than one year29€2k€1k▼
Other amounts receivable291€2k€1k▼
Amounts receivable within one year40/41€13k€17k▲
Trade receivables40€13k€17k▲
Other amounts receivable41€500€518▲
Cash at bank and in hand54/58€29k€29k▼
Deferred charges and accrued income490/1€108€2k▲
Equity and liabilities
Total equity and liabilities10/49€95k€82k▼
Equity10/15€43k€43k▼
Contributions10/11€6k€6k=
Reserves13€100k€100k=
Distributable reserves133€100k€100k=
Profit (loss) carried forward14€-63k€-64k▼
Amounts payable17/49€52k€39k▼
Amounts payable after more than one year17€14k€6k▼
Financial debts170/4€14k€6k▼
Amounts payable within one year42/48€37k€33k▼
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€1k€1k▲
Suppliers440/4€1k€1k▲
Advances received on contracts in progress46€12k€12k▼
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Other amounts payable47/48€13k€8k▼
Accrued charges and deferred income492/3€1k€590▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€25k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€16k€27k▲
Operating profit (loss)9901€-10k€258▲
Financial income75/76B€203€295▲
Recurring financial income75€203€295▲
Financial charges65/66B€2k€702▼
Recurring financial charges65€2k€702▼
Profit (loss) for the period before taxes9903€-12k€-149▲
Income taxes67/77€173€173▼
Profit (loss) for the period9904€-13k€-322▲
Profit (loss) for the period to be appropriated9905€-13k€-322▲
Appropriation of the result
Profit (loss) to be appropriated9906€-63k€-64k▼
Profit (loss) brought forward from the previous period14P€-51k€-63k▼
The notes to these accounts (6 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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after 5 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-86k
Net result drops to €-86k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 3.33
Current ratio from 1.18 to 3.33; short-term debt falls from €32k to €13k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
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, Brugge · 1 establishment unit since 2001
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.
Kleine Kuipersstraat 28000 BruggeGround area
909 m²
Building footprint
286 m²
Volume, LiDAR
2,311 m³
Parcel 31804D0916/00E000, Flanders · tallest building 16.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
La belle alliance
since 20012.095.277.204
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31804D0916/00E000 | Flanders | 909 m² | 1 · 286 m² | 16.1 m · 3 fl. |
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.
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Treelodge
BE 0674.622.924
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RIVES 903
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CASARA
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Of 3,002 companies in sector 55203 we hold annual accounts for 689. 487 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-09-2001
Fiscal year end31-12
Activities, NACEBEL
55203Holiday cottages, homes and apartments
74152
55204Guest rooms (bed and breakfast)
70100Activities of head offices
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.