VANHIXE
ActiveSummary
VANHIXE has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €603,101 and a net result of -€95,674. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 78% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability4▼-96
Solvency98▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 3.7 against 4.32 in 2024; short-term debt: 26.5% and cash: 10.7% of total assets), and 26.8% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
34 d early
2023
64 d early
2022
81 d early
2021
81 d early
2020
1 d early
2019
26 d late
← 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 36 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor 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 How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#2 oldest company in Gistel, Construction sector#8 company by equity in Gistel, Construction sector
Equity
€603,101▼ 13.7%
2024 · €698,775
Total assets
€824,054▼ 9.6%
2024 · €911,102
Net result
-€95,674
2024 · €369,410
Working capital
€589,293▼ 13.4%
2024 · €680,728
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€30,517▲ 37.0%€16,683▼ 45.3%-€10,559€556,071-€96,381
Net result€19,979▲ 25.0%€12,411▼ 37.9%-€11,058€369,410-€95,674
Equity€328,012▲ 6.5%€340,423▲ 3.8%€329,365▼ 3.2%€698,775▲ 112%€603,101▼ 13.7%
Total assets€370,543▲ 8.9%€383,631▲ 3.5%€360,141▼ 6.1%€911,102▲ 153%€824,054▼ 9.6%
Debt€42,531▲ 32.3%€43,208▲ 1.6%€30,776▼ 28.8%€212,327▲ 590%€220,954▲ 4.1%
Working capital€245,945▲ 11.6%€255,210▲ 3.8%€236,309▼ 7.4%€680,728▲ 188%€589,293▼ 13.4%
Staff (FTE)2▲ 100%2=2=2=1.9▼ 5.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2024 Equity +112%, Total assets +153% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €96,381 after €556,071 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €824,054
Fixed assets
€16,465 ▼ 34.7%
Current assets
€807,590 ▼ 8.8%
Equity and liabilities €824,054
Equity
€603,101 ▼ 13.7%
Debt
€220,954 ▲ 4.1%
Debt's share of the balance-sheet total rises from 23.3% to 26.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€87,614▼
2024 · €564,839
Cash flow
-€86,906▼
2024 · €378,177
Current ratio
3.70▼
2024 · 4.32
Quick ratio
3.63▼
2024 · 4.17
Debt to equity
0.37▲
2024 · 0.30
ROE
-15.9%▼
2024 · 52.9%
ROA
-11.6%▼
2024 · 40.5%
Interest coverage
-144.86▼
2024 · 351.02
Debt ≤ 1 year
€218,296▲
2024 · €205,141
Debt > 1 year
€2,657▼
2024 · €7,186
Income taxes
€161▼
2024 · €187,112
Staff costs
€108,757▼
2024 · €120,867
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 5,827 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €579,265 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €83,100 | €84,302 | €105,949 | €120,867 | €108,757 | ▼ 10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,562 | €11,334 | €10,703 | €8,767 | €8,767 | = |
| Other operating charges640/8 | €3,474 | €3,610 | €3,544 | €4,101 | €3,802 | ▼ 7.3% |
| Non-recurring operating charges66A | - | - | - | - | €20,894 | - |
| Gross operating margin9900 | €129,653 | €115,929 | €109,637 | €689,806 | €45,838 | ▼ 93.4% |
| Operating profit (loss)9901 | €30,517 | €16,683 | -€10,559 | €556,071 | -€96,381 | ▼ 117% |
| Financial income75/76B | €1,353 | €836 | €532 | €2,060 | €1,473 | ▼ 28.5% |
| Recurring financial income75 | €1,353 | €836 | €532 | €2,060 | €1,473 | ▼ 28.5% |
| Financial charges65/66B | €2,708 | €1,399 | €879 | €1,609 | €605 | ▼ 62.4% |
| Recurring financial charges65 | €2,708 | €1,399 | €879 | €1,609 | €605 | ▼ 62.4% |
| Profit (loss) for the period before taxes9903 | €29,162 | €16,121 | -€10,907 | €556,522 | -€95,513 | ▼ 117% |
| Income taxes67/77 | €9,183 | €3,710 | €151 | €187,112 | €161 | ▼ 99.9% |
| Profit (loss) for the period9904 | €19,979 | €12,411 | -€11,058 | €369,410 | -€95,674 | ▼ 126% |
| Transfer from tax-exempt reserves789 | €3,113 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €23,092 | €12,411 | -€11,058 | €369,410 | -€95,674 | ▼ 126% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €370,543 | €383,631 | €360,141 | €911,102 | €824,054 | ▼ 9.6% |
| Fixed assets21/28 | €82,935 | €101,352 | €104,735 | €25,232 | €16,465 | ▼ 34.7% |
| Tangible fixed assets22/27 | €82,746 | €101,163 | €104,546 | €25,043 | €16,276 | ▼ 35.0% |
| Land and buildings22 | €77,440 | €74,088 | €70,735 | €0 | - | - |
| Plant, machinery and equipment23 | €380 | €190 | €2,104 | €1,656 | €1,208 | ▼ 27.1% |
| Furniture and vehicles24 | €4,926 | €26,885 | €31,707 | €23,387 | €15,068 | ▼ 35.6% |
| Financial fixed assets28 | €189 | €189 | €189 | €189 | €189 | = |
| Current assets29/58 | €287,608 | €282,279 | €255,406 | €885,869 | €807,590 | ▼ 8.8% |
| Stocks and contracts in progress3 | €34,655 | €43,219 | €33,412 | €29,949 | €14,173 | ▼ 52.7% |
| Stocks30/36 | €31,655 | €39,719 | €29,147 | €26,049 | €14,173 | ▼ 45.6% |
| Contracts in progress37 | €3,000 | €3,500 | €4,265 | €3,900 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €47,825 | €10,555 | €20,764 | €674,799 | €691,232 | ▲ 2.4% |
| Trade receivables40 | €37,467 | €5,246 | €11,951 | €670,437 | €677,950 | ▲ 1.1% |
| Other amounts receivable41 | €10,358 | €5,309 | €8,812 | €4,363 | €13,282 | ▲ 204% |
| Current investments50/53 | €126,797 | €166,796 | €151,981 | €133,156 | €14,075 | ▼ 89.4% |
| Cash at bank and in hand54/58 | €77,932 | €60,663 | €48,221 | €46,750 | €88,109 | ▲ 88.5% |
| Deferred charges and accrued income490/1 | €399 | €1,045 | €1,028 | €1,214 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €370,543 | €383,631 | €360,141 | €911,102 | €824,054 | ▼ 9.6% |
| Equity10/15 | €328,012 | €340,423 | €329,365 | €698,775 | €603,101 | ▼ 13.7% |
| Contributions10/11 | €27,268 | €27,268 | €27,268 | €27,268 | €27,268 | = |
| Reserves13 | €300,744 | €313,155 | €302,096 | €671,506 | €575,832 | ▼ 14.2% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €300,744 | €313,155 | €302,096 | €671,506 | €575,832 | ▼ 14.2% |
| Amounts payable17/49 | €42,531 | €43,208 | €30,776 | €212,327 | €220,954 | ▲ 4.1% |
| Amounts payable after more than one year17 | €868 | €16,138 | €11,679 | €7,186 | €2,657 | ▼ 63.0% |
| Financial debts170/4 | €868 | €16,138 | €11,679 | €7,186 | €2,657 | ▼ 63.0% |
| Amounts payable within one year42/48 | €41,663 | €27,070 | €19,097 | €205,141 | €218,296 | ▲ 6.4% |
| Current portion of amounts payable after more than one year42 | €6,928 | €5,294 | €4,459 | €4,494 | €4,528 | ▲ 0.8% |
| Trade debts44 | €15,153 | €3,481 | €7,914 | €8,145 | €22,100 | ▲ 171% |
| Suppliers440/4 | €15,153 | €3,481 | €7,914 | €8,145 | €22,100 | ▲ 171% |
| Advances received on contracts in progress46 | €265 | €0 | €400 | €528 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €13,104 | €6,851 | €4,395 | €184,455 | €191,259 | ▲ 3.7% |
| Taxes450/3 | €9,914 | €5,313 | €930 | €181,608 | €182,633 | ▲ 0.6% |
| Remuneration and social security454/9 | €3,191 | €1,538 | €3,465 | €2,847 | €8,626 | ▲ 203% |
| Other amounts payable47/48 | €6,214 | €11,444 | €1,929 | €7,521 | €409 | ▼ 94.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,979 | €12,411 | -€11,058 | €369,410 | -€95,674 | ▼ 126% |
| + Depreciation and write-downs630 | €12,562 | €11,334 | €10,703 | €8,767 | €8,767 | = |
| Operating cash flow (approximation) | €32,541 | €23,745 | -€355 | €378,177 | -€86,906 | ▼ 123% |
| Investment in fixed assets (approximation) | - | -€29,750 | -€14,087 | €70,735 | €0 | ▼ 100% |
| Change in cash | - | -€17,269 | -€12,443 | -€1,470 | €41,358 | ▲ 2,913% |
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
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€95,674
Net result drops to -€95,674, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €369,410
Net result €369,410 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €698,775 ▲112%
Equity rises from €329,365 to €698,775.
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
04-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
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.
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Gistel · 1 establishment unit since 1978
Ground area
627 m²
Parcel 35005A1425/00F002, Flanders. Linked by address, not a title deed.
1 establishment unit
VANHIXE BVBA
since 19782.017.391.152
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35005A1425/00F002 | Flanders | 627 m² | - | - |
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.
Recognitions · licences · registrations
Recognised contractor
3 categoriesVANHIXE BV15327
Similar companies · same sector, comparable size
NELISSEN KRISTOF
BE 0874.804.891
Alken · Eq €604,305
MOZ
BE 0859.957.458
Temse · Eq €600,575
Alg. Bouwwerken & Renovaties Ketelslegers
BE 0837.815.031
Tongeren-Borgloon · Eq €605,671
STONEFLOORS
BE 0477.861.986
Roeselare · Eq €598,892
DIECAPART
BE 0872.995.248
Kortrijk · Eq €597,144
Of 3,960 companies in sector 43331 we hold annual accounts for 1,788. 971 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
Founded19-12-1977
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0417822748
Also
9925:BE0417822748
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.