Equity
€102,116 ▼ 44.5%
VANHOLLEBEKE TECHNICS paid out €100,000 in dividends. That is 551% of the 2025 profit.
VANHOLLEBEKE TECHNICS
Lifetime
6 annual accounts with figures on one time axispeak €123,258 (2020)
€85,565▼ 2.1%
peak €72,484 (2020)
€18,134▼ 50.5%
peak €183,982 (2024)
€102,116▼ 44.5%
€539,129▲ 61.6%
Board1 name since 2019
1 directorVANHOLLEBEKE,Thomas
Documentsfilings and deeds
15-07-202616 days before the deadline
2025micro format
Result from €36,659 to €18,134Dividend €100,000Equity from €183,982 to €102,116Debts from €333,687 to €539,129Investments €113,887Cash from €27,261 to €14,503
Key points
from the 2025 annual accountsDebts
€539,129 84% of the balance sheet
Financial debts 50%Suppliers 21%Taxes and wages 3%Other 26%
Of this, €268,520 falls due within a year.
Investments
€113,887 2.5 × depreciation
Green is investment, beige is depreciation. Machinery stands 39.3% higher than in 2024.
Liquidity
0.79 was 1.66 in 2024
Short-term debts rose from €94,628 to €268,520.
Filings
6 annual accounts 2 late
The 2022 accounts came latest: 49 days after the end of the period.
Position in the sector
15.9%
Lower solvency than 81% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
Checked score
78
Excellent
Financially stronger than 23% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.6%▼ -0.1 percentage points vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.7%▲ +0.1 percentage points vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 1.2%▲ +0.5 percentage points vs 07-2025
09-2025: 1.2%● unchanged vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025highest value
01-2026: 1.0%▼ -0.2 percentage points vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.1%▲ +0.1 percentage points vs 03-2026
05-2026: 1.2%▲ +0.1 percentage points vs 04-2026
06-2026: 1.1%▼ -0.1 percentage points vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 0.5%▼ -0.6 percentage points vs 07-2026lowest value
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
Founded in 2019
lowers risk
Size: total assets €641,245
Figures for financial year 2025 (filed on 15-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 18% of them on solvency, 21% on liquidity, 43% on profitability and 10% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,372 companies had the same profile as VANHOLLEBEKE TECHNICS has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
1.4%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VANHOLLEBEKE TECHNICS itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,372 companies, not a prediction for VANHOLLEBEKE TECHNICS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.79 (1.66 in 2024), below 1. Short-term debt is 41.9% and cash 2.3% of total assets. 84.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 35136 sector peers (2025).
NBB · sector comparisonPosition among 35136 sector peers
Solvency
better than 18%
← weakest
strongest →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
16 days early
2024
1 day early
2023
21 days early
2022
49 days late
2021
5 days early
2020
20 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 4 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0736819225
Purpose change
“I.Specifieke activiteiten:; II.Algemene activiteiten:; Installatie van verwarming,klimaatregeling en…” (deed in Dutch) · General meeting of 13-09-2022 · Gazette deed
Incorporation
Founding capital of €2,000, 100 shares · Founder: VANHOLLEBEKE, Thomas (shareholder) · Appointment: VANHOLLEBEKE, Thomas (director) · published on 30-10-2019 · Gazette deed
First establishment
St. Streuvelslaan 47, Lichtervelde
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VANHOLLEBEKE TECHNICS Lichtervelde | €641,245 | €85,565 | 15.9% | - |
| MANEMI Moorslede | €677,230 | €80,269 | 33.7% | - |
| David Thijs Zwevegem | €672,371 | €93,027 | 5.6% | - |
| VDM ELECTRICS Koksijde | €661,128 | €89,393 | 63.2% | - |
| ELEKTROFLOW Pittem | €669,863 | €72,068 | 24.8% | - |
| Borgo Elektriciteit Evergem | €621,094 | €77,105 | 23.0% | - |
| ASB Heusden-Zolder | €731,658 | €74,527 | 31.4% | - |
These companies have the same main activity as VANHOLLEBEKE TECHNICS: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €621,000 and €732,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 28-10-2019Normal situation
- Activity
- General electrical installation workNACE 43211and 1 other
- Establishment unit
- 2.295.088.5918810 Lichtervelde, since 28-10-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 14-02-2025
Annual accounts 2025
- ≈ €330,000estimated
- €641,245▲ 23.9%
- ≈ 0.1 FTEestimated
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on VANHOLLEBEKE TECHNICS
VANHOLLEBEKE TECHNICS files the micro format. That format states no turnover. The gross margin fell from €123,258 in 2020 to €85,565 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VANHOLLEBEKE TECHNICS
- What is the company number of VANHOLLEBEKE TECHNICS?
- The company number of VANHOLLEBEKE TECHNICS is 0736.819.225. The VAT number is the same number with BE in front: BE 0736.819.225.
- Where is VANHOLLEBEKE TECHNICS based?
- The registered office is at St. Streuvelslaan 47, 8810 Lichtervelde.Company details
- What does VANHOLLEBEKE TECHNICS do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of VANHOLLEBEKE TECHNICS?
- VANHOLLEBEKE TECHNICS is a private limited company (BV).
- When was VANHOLLEBEKE TECHNICS founded?
- VANHOLLEBEKE TECHNICS was founded on 28-10-2019.
- Is VANHOLLEBEKE TECHNICS still active?
- Yes, VANHOLLEBEKE TECHNICS is an active enterprise in the KBO register.
- What is the turnover of VANHOLLEBEKE TECHNICS?
- The turnover in financial year 2025 is ≈ €330,000. This figure is estimated from the gross margin of €85,565 and 40 comparable companies (NACE 43211). It probably lies between €210,000 and €530,000.Financials
- Is VANHOLLEBEKE TECHNICS profitable?
- In financial year 2025, VANHOLLEBEKE TECHNICS made a profit of €18,134.
- Where can I find the annual accounts of VANHOLLEBEKE TECHNICS?
- VANHOLLEBEKE TECHNICS filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VANHOLLEBEKE TECHNICS due?
- VANHOLLEBEKE TECHNICS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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