VANHEULE SPORT
ActiveSummary
VANHEULE SPORT has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-137k) and a net result of €-12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 18280 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 27.24 against 1.59 in 2024; short-term debt: 3% and cash: 18.7% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Five 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
-190%
Return on assets
-16.4%
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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-137k
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
29 d early
2023
26 d early
2022
45 d early
2021
54 d early
2020
45 d early
2019
99 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-137k▼ 9.5%
2024 · €-126k
2018: €-86k
2019: €-73k
2020: €-57k
2021: €-12k
2022: €23k
2023: €37k
2024: €-126k
2018 → 2025
Total assets
€72k▼ 57.2%
2024 · €169k
2018: €610k
2019: €550k
2020: €551k
2021: €514k
2022: €517k
2023: €454k
2024: €169k
2018 → 2025
Net result
€-12k▲ 92.7%
2024 · €-163k
2018: €-855
2019: €13k
2020: €17k
2021: €45k
2022: €35k
2023: €14k
2024: €-163k
2018 → 2025
Working capital
€56k▲ 2.4%
2024 · €55k
2018: €511k
2019: €460k
2020: €479k
2021: €450k
2022: €461k
2023: €307k
2024: €55k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-12k-€23k€37k▲ 61.6%€-126k€-137k▼ 9.5%
Operating result€53k-€44k▼ 16.6%€30k▼ 30.6%€-170k€-10k▲ 94.1%
Net result€45k-€35k▼ 21.5%€14k▼ 59.5%€-163k€-12k▲ 92.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2025 against €170k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72k
Fixed assets
€14k ▼ 32.2%
Current assets
€58k ▼ 60.7%
Key figures and ratios
EBITDA
€-3k▲
2024 · €-163k
Cash flow
€-5k▲
2024 · €-156k
Solvency
-190.0%▼
2024 · -74.3%
Current ratio
27.24▲
2024 · 1.59
Quick ratio
17.87▲
2024 · 1.26
Debt to equity
-1.53▲
2024 · -2.35
ROA
-16.4%▲
2024 · -96.3%
Interest coverage
-1.92▲
2024 · -22.33
Debt
€210k▼
2024 · €295k
Debt ≤ 1 year
€2k▼
2024 · €93k
Debt > 1 year
€208k▲
2024 · €201k
Income taxes
€202▼
2024 · €255
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€169k€72k▼
Fixed assets21/28€21k€14k▼
Tangible fixed assets22/27€21k€14k▼
Plant, machinery and equipment23€19k€13k▼
Furniture and vehicles24€2k€2k▼
Financial fixed assets28€15€15=
Current assets29/58€148k€58k▼
Stocks and contracts in progress3€30k€20k▼
Stocks30/36€30k€20k▼
Amounts receivable within one year40/41€40k€25k▼
Trade receivables40€40k€25k▼
Current investments50/53€100€100=
Cash at bank and in hand54/58€78k€14k▼
Equity and liabilities
Total equity and liabilities10/49€169k€72k▼
Equity10/15€-126k€-137k▼
Contributions10/11€35k€35k=
Reserves13€96k€96k=
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Tax-exempt reserves132€5k€5k=
Distributable reserves133€87k€87k=
Profit (loss) carried forward14€-257k€-269k▼
Amounts payable17/49€295k€210k▼
Amounts payable after more than one year17€201k€208k▲
Other amounts payable178/9€201k€208k▲
Amounts payable within one year42/48€93k€2k▼
Current portion of amounts payable after more than one year42€73k-
Trade debts44€2k€134▼
Suppliers440/4€2k€134▼
Taxes, remuneration and social security45€18k€2k▼
Taxes450/3€18k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=
Other operating charges640/8€394€401▲
Gross operating margin9900€-163k€-3k▲
Operating profit (loss)9901€-170k€-10k▲
Financial income75/76B€15k€2▼
Recurring financial income75€2€2▼
Non-recurring financial income76B€15k-
Financial charges65/66B€7k€2k▼
Recurring financial charges65€7k€2k▼
Profit (loss) for the period before taxes9903€-163k€-12k▲
Income taxes67/77€255€202▼
Profit (loss) for the period9904€-163k€-12k▲
Profit (loss) for the period to be appropriated9905€-163k€-12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-257k€-269k▼
Profit (loss) brought forward from the previous period14P€-94k€-257k▼
The notes to these accounts (5 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 17current ratio 27.24
Current ratio from 1.59 to 27.24; short-term debt falls from €93k to €2k.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-163k ▼1247%
Net result drops to €-163k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €45k ▲170%
Operating result €53k, net result €45k, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
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
2 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, Koksijde · 1 establishment unit since 2003
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.
Zeelaan(Kok) 3258670 KoksijdeGround area
204 m²
Building footprint
184 m²
Volume, LiDAR
2,061 m³
Parcel 38014E0339/00A000, Flanders · tallest building 18.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
VANHEULE JEANS & FASHION
since 20032.128.744.182
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38014E0339/00A000 | Flanders | 204 m² | 1 · 184 m² | 18.7 m · 5 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.
Similar companies · same sector, comparable size
ANRO
BE 0478.162.191
Heusden-Zolder · Eq €37,209
VITIS
BE 0417.301.720
Hemiksem · Eq €37,196
NEW MF
BE 1001.733.549
Wavre · Eq €36,855
PAFT
BE 0413.115.080
Boechout · Eq €36,703
ROCH4PADEL
BE 0733.688.006
Rochefort · Eq €36,128
Of 1,314 companies in sector 47639 we hold annual accounts for 624. 468 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-1981
Fiscal year end31-12
Activities, NACEBEL 2025
47639Retail sale of other sporting goods
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.