Vanheule Technics
ActiveSummary
Vanheule Technics has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,907 and a net result of €8,003. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 23% of 397 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-7
Solvency43▲+9
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.03 in 2024; short-term debt: 82.4% and cash: 2.4% of total assets), and 82.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
17.6%
Return on assets
8.8%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 397 sector peers (2025).
NBB · sector comparisonPosition among 397 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 20-10-2025, 11 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
11 d early
2024
6 d early
2023
25 d early
2022
28 d early
2021
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€15,907▲ 101%
2024 · €7,904
Total assets
€90,447▲ 6.1%
2024 · €85,248
Net result
€8,003▼ 35.6%
2024 · €12,433
Working capital
€11,626▲ 453%
2024 · €2,101
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,045-€765▼ 91.5%-€14,192€11,788€9,653▼ 18.1%
Net result€6,656-€584▼ 91.2%-€14,269€12,433€8,003▼ 35.6%
Equity€9,156-€9,740▲ 6.4%-€4,529€7,904€15,907▲ 101%
Total assets€47,472-€41,764▼ 12.0%€47,030▲ 12.6%€85,248▲ 81.3%€90,447▲ 6.1%
Debt€38,316-€32,024▼ 16.4%€51,558▲ 61.0%€77,343▲ 50.0%€74,540▼ 3.6%
Working capital€9,156-€8,815▼ 3.7%-€6,960€2,101€11,626▲ 453%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €90,447
Fixed assets
€4,282 ▼ 26.2%
Current assets
€86,166 ▲ 8.5%
Equity and liabilities €90,447
Equity
€15,907 ▲ 101%
Debt
€74,540 ▼ 3.6%
Debt's share of the balance-sheet total falls from 90.7% to 82.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11,175▼
2024 · €13,177
Cash flow
€9,525▼
2024 · €13,822
Current ratio
1.16▲
2024 · 1.03
Quick ratio
0.58▲
2024 · 0.38
Debt to equity
4.69▼
2024 · 9.79
ROE
50.3%▼
2024 · 157.3%
ROA
8.8%▼
2024 · 14.6%
Interest coverage
167.82▼
2024 · 239.46
Debt ≤ 1 year
€74,540▼
2024 · €77,343
Income taxes
€1,586
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,703 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €835 | €141 | €276 | €1,389 | €1,522 | ▲ 9.6% |
| Other operating charges640/8 | - | €111 | €112 | €765 | €792 | ▲ 3.4% |
| Gross operating margin9900 | €9,880 | €1,018 | -€13,804 | €13,943 | €11,967 | ▼ 14.2% |
| Operating profit (loss)9901 | €9,045 | €765 | -€14,192 | €11,788 | €9,653 | ▼ 18.1% |
| Financial income75/76B | - | €7 | €54 | €699 | €3 | ▼ 99.6% |
| Recurring financial income75 | €149 | €7 | €54 | €699 | €3 | ▼ 99.6% |
| Financial charges65/66B | - | €108 | €131 | €55 | €67 | ▲ 21.0% |
| Recurring financial charges65 | €43 | €108 | €131 | €55 | €67 | ▲ 21.0% |
| Profit (loss) for the period before taxes9903 | €9,151 | €664 | -€14,269 | €12,433 | €9,590 | ▼ 22.9% |
| Income taxes67/77 | €2,495 | €79 | - | - | €1,586 | - |
| Profit (loss) for the period9904 | €6,656 | €584 | -€14,269 | €12,433 | €8,003 | ▼ 35.6% |
| Profit (loss) for the period to be appropriated9905 | €6,656 | €584 | -€14,269 | €12,433 | €8,003 | ▼ 35.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47,472 | €41,764 | €47,030 | €85,248 | €90,447 | ▲ 6.1% |
| Fixed assets21/28 | - | €926 | €2,431 | €5,803 | €4,282 | ▼ 26.2% |
| Tangible fixed assets22/27 | - | €926 | €2,431 | €5,803 | €4,282 | ▼ 26.2% |
| Plant, machinery and equipment23 | - | €926 | €2,431 | €5,803 | €4,282 | ▼ 26.2% |
| Current assets29/58 | €47,472 | €40,839 | €44,598 | €79,444 | €86,166 | ▲ 8.5% |
| Stocks and contracts in progress3 | €23,515 | €21,491 | €26,349 | €49,720 | €43,235 | ▼ 13.0% |
| Stocks30/36 | - | €17,333 | €26,349 | €49,720 | €43,235 | ▼ 13.0% |
| Contracts in progress37 | - | €4,158 | - | - | - | - |
| Amounts receivable within one year40/41 | €16,065 | €3,742 | €17,037 | €21,057 | €39,997 | ▲ 89.9% |
| Trade receivables40 | - | €1,291 | €13,800 | €19,249 | €39,232 | ▲ 104% |
| Other amounts receivable41 | - | €2,451 | €3,237 | €1,808 | €765 | ▼ 57.7% |
| Cash at bank and in hand54/58 | €4,379 | €15,198 | €781 | €8,106 | €2,138 | ▼ 73.6% |
| Deferred charges and accrued income490/1 | - | €407 | €430 | €560 | €796 | ▲ 42.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47,472 | €41,764 | €47,030 | €85,248 | €90,447 | ▲ 6.1% |
| Equity10/15 | €9,156 | €9,740 | -€4,529 | €7,904 | €15,907 | ▲ 101% |
| Contributions10/11 | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €6,656 | €7,240 | €7,240 | €7,240 | €13,407 | ▲ 85.2% |
| Distributable reserves133 | - | €7,240 | €7,240 | €7,240 | €13,407 | ▲ 85.2% |
| Profit (loss) carried forward14 | - | - | -€14,269 | -€1,836 | €0 | ▲ 100% |
| Amounts payable17/49 | €38,316 | €32,024 | €51,558 | €77,343 | €74,540 | ▼ 3.6% |
| Amounts payable within one year42/48 | €38,316 | €32,024 | €51,558 | €77,343 | €74,540 | ▼ 3.6% |
| Trade debts44 | €19,197 | €6,458 | €12,496 | €24,530 | €6,899 | ▼ 71.9% |
| Suppliers440/4 | - | €6,458 | €12,496 | €24,530 | €6,899 | ▼ 71.9% |
| Advances received on contracts in progress46 | - | €44 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €79 | - | - | €7,287 | - |
| Taxes450/3 | - | €79 | - | - | €7,287 | - |
| Other amounts payable47/48 | - | €25,443 | €39,062 | €52,813 | €60,354 | ▲ 14.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,656 | €584 | -€14,269 | €12,433 | €8,003 | ▼ 35.6% |
| + Depreciation and write-downs630 | €835 | €141 | €276 | €1,389 | €1,522 | ▲ 9.6% |
| Operating cash flow (approximation) | €7,491 | €726 | -€13,993 | €13,822 | €9,525 | ▼ 31.1% |
| Investment in fixed assets (approximation) | - | - | -€1,782 | -€4,761 | €0 | ▲ 100% |
| Change in cash | - | €10,819 | -€14,417 | €7,325 | -€5,969 | ▼ 181% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
20-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €12,433
Net result €12,433 after one loss-making year.
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet -€14,269
Net result drops to -€14,269, the lowest in the series; recovery starts the following year.
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Middelkerke · 1 establishment unit since 2020
Ground area
2,379 m²
Building footprint
506 m²
Volume, LiDAR
2,817 m³
Parcel 35022A0025/00K002, Flanders · tallest building 13.2 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Vanheule Technics
since 20202.302.891.846
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35022A0025/00K002 | Flanders | 2,379 m² | 1 · 505 m² | 13.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
2023 · 1 entry · 384 EUR awarded · 384 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 384 EUR | 384 EUR |
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Of 263 companies in sector 28300 we hold annual accounts for 197. 41 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-05-2020
Fiscal year end31-03
Activities, NACEBEL 2025
28300Manufacture of machinery and equipment not elsewhere classified
01610Support activities for crop production
33110Repair and maintenance of fabricated metal products
33120Repair and maintenance of machinery
68121Development of residential building projects
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0746894060
Also
9925:BE0746894060
Registered
31-12-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.