Equity
€2.9m ▲ 1.1%
VANHOOREN has made a profit without a break since 2020.
VANHOOREN
Lifetime
20 annual accounts with figures on one time axis, 34 filings since 1992peak €1.3m (2021)
€303,227▼ 18.7%
lowest -€42,693 (2006)
€32,107▼ 63.2%
peak €2.9m (2025)
€2.9m▲ 1.1%
€2.2m▲ 54.7%
Board6 names since 2021
2 directorsEric Vanhooren and 1 other
Documentsfilings and deeds
24-07-20267 days before the deadline
2025abbreviated format
Gross margin from €373,011 to €303,227Result from €87,317 to €32,107Debts from €1.4m to €2.2mInvestments €624,966Cash from €61,820 to €552,851
Key points
from the 2025 annual accountsResult
€32,107 ▼ 63.2%
The result fell in 2025: the 2024 profit included a one-off income of €96,000.
Debts
€2.2m ▲ 54.7%
Debts rose by €788,485 in 2025.
Investments
€638,466 4.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 41.3% higher than in 2024.
Filings
34 annual accounts since 1992
Seven of the last ten came late. The 2019 accounts came latest: 70 days after the end of the period.
Position in the sector
€2.9m
More equity than 95% of companies in construction of buildings. Sector median €194,387 · 2,818 companies.
Checked score
95
Excellent
Financially stronger than 57% of small companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 911 companies (NACE 41, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Size: total assets €5.5m
Founded in 1991
Figures for financial year 2025 (filed on 24-07-2026)
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 41, small). It does better than 73% of them on solvency, 73% on liquidity, 40% on profitability and 43% 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 very low class on 30-06-2025, 0.1% 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, 14,766 companies had the same profile as VANHOOREN has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VANHOOREN itself: < 0.1% 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 14,766 companies, not a prediction for VANHOOREN. 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 €270,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.8 (0.9 in 2024), below 1. Short-term debt is 23.1% and cash 10% of total assets. 48.1% 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
Five signals.
lowers riskraises riskneutral
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 days early
2024
21 days early
2023
14 days late
2022
28 days late
2021
61 days late
2020
45 days early
2019
70 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 14 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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 15 August (4 of the last 5 accounts filed within 36 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 0208:0444687887
Environmental permit granted
Bouwen of herbouwen · Provincie West-Vlaanderen
1 director appointed, 3 resignations
Resignations: VANHOOREN Gilbert Prosper, GHYSELBRECHT Irène Madeleine and CARBONEZ Linda Carbonez · Appointment: VANHOOREN Eric Gilbert Henri (sole director) · General meeting of 17-04-2023 · Gazette deed
5 directors resigning, 4 reappointments
Resignations: Eric Vanhooren, Linda Carbonez, Gilbert Vanhooren, Irene Ghyselbrecht and EVIVAN · Permanent representative: Evi Vanhooren · Reappointments: Eric Vanhooren (managing director), Linda Carbonez, Gilbert Vanhooren and Irene Ghyselbrecht · General meeting of 18-06-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VANHOOREN Middelkerke | €5.5m | €303,227 | 51.9% | - |
| BO ARTE Bruges | €6.3m | €379,206 | 8.4% | 1 |
| IMMOBILIERE BLAIRON ET CIE Binche | €5.7m | €304,970 | 44.4% | 3.2 |
| LOYD Boortmeerbeek | €5.1m | €349,303 | 10.6% | 2.4 |
| Michiels Mechelen | €6.4m | €285,139 | 4.1% | 1.2 |
| ADESON INVEST Knokke-Heist | €8.7m | €265,529 | 55.5% | - |
| DE CRAECKER - VLAEMINCK Wetteren | €4.4m | €358,698 | 29.4% | 0 |
These companies have the same main activity as VANHOOREN: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €4.4m and €8.7m, founded between 1986 and 1995.
Official details
Source: KBO- Status
- Active since 16-07-1991Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Establishment unit
- 2.053.694.1938430 Middelkerke, since 31-07-1991
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Annual accounts 2025
- ≈ €650,000estimated
- €5.5m▲ 17.9%
- Filing
- Filed on 24-07-2026, 7 days before the end of the filing period
Insights on VANHOOREN
VANHOOREN files the abbreviated format. That format states no turnover. The gross margin rose from €15,625 in 2006 to €303,227 in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets.
In May 2023, three directors stepped down.
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 VANHOOREN
- What is the company number of VANHOOREN?
- The company number of VANHOOREN is 0444.687.887. The VAT number is the same number with BE in front: BE 0444.687.887.
- Where is VANHOOREN based?
- The registered office is at Sluisvaartstraat 55, 8430 Middelkerke.Company details
- What does VANHOOREN do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of VANHOOREN?
- VANHOOREN is a public limited company (NV).
- When was VANHOOREN founded?
- VANHOOREN was founded on 16-07-1991.
- Is VANHOOREN still active?
- Yes, VANHOOREN is an active enterprise in the KBO register.
- What is the turnover of VANHOOREN?
- The turnover in financial year 2025 is ≈ €650,000. This figure is estimated from the gross margin of €303,227 and 30 comparable companies (NACE 41001). It probably lies between €520,000 and €960,000.Financials
- Is VANHOOREN profitable?
- In financial year 2025, VANHOOREN made a profit of €32,107.
- Where can I find the annual accounts of VANHOOREN?
- VANHOOREN filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VANHOOREN due?
- VANHOOREN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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