Financials
- Fiscal year
- 2025
- Total assets
- €142,323
- Profit
- €20,809
- Solvency
- -19.7%
Total assets▲ 2.2%
Net result
20182025
VANHORI
ActiveSummary
VANHORI has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€28,002) and a net result of €20,809. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 22% of 5502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Beauty care and other beauty treatments
NACE 96220Beauty treatment NACE 96022
#5 oldest company in Maldegem, Other services sector1 site
Size
€142,323total assets 2025
- Equity
- -€28,002
- Profit
- €20,809
Turnover not published (abridged schema)
Structure
Accounts 46 d early0 of 2 deeds read
Why 56Capped at 59: negative equity- Negative equity -€28,002+ Size: total assets €142,323+ Founded in 1997+ Liquidity: current ratio 0.63, cash €37,552Show the evidence
Checked score
Score 2025
56
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 51% of its sector peers (NACE 96, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency
5+5
equity -19.7% of total assets
Liquidity
33+6
short-term debt 106.5% · cash 26.4%
Profitability
87+25
return on assets 14.6%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.7%highest value
12-2024: 0.7%● 0.0% vs 11-2024highest value
01-2025: 0.7%▼ -1.0% vs 12-2024
02-2025: 0.7%● 0.0% vs 01-2025
03-2025: 0.7%▼ -2.5% vs 02-2025
04-2025: 0.7%▲ +1.6% vs 03-2025
05-2025: 0.7%▼ -0.3% vs 04-2025
06-2025: 0.7%▼ -1.5% vs 05-2025
07-2025: 0.6%▼ -10.8% vs 06-2025
08-2025: 0.6%● 0.0% vs 07-2025
09-2025: 0.6%● 0.0% vs 08-2025
10-2025: 0.6%● 0.0% vs 09-2025
11-2025: 0.6%● 0.0% vs 10-2025
12-2025: 0.6%● 0.0% vs 11-2025
01-2026: 0.6%▼ -6.3% vs 12-2025
02-2026: 0.6%● 0.0% vs 01-2026
03-2026: 0.5%▼ -2.5% vs 02-2026
04-2026: 0.6%▲ +0.2% vs 03-2026
05-2026: 0.6%● 0.0% vs 04-2026
06-2026: 0.5%▼ -4.2% vs 05-2026
07-2026: 0.3%▼ -39.3% vs 06-2026
08-2026: 0.3%● 0.0% vs 07-2026
09-2026: 0.3%▼ -0.9% vs 08-2026lowest value
10-2026: 0.3%● 0.0% vs 09-2026lowest value
- Negative equity -€28,002 raises the probability
- Size: total assets €142,323 lowers the probability for this profile
- Founded in 1997 lowers the probability for this profile
- Liquidity: current ratio 0.63, cash €37,552 lowers the probability
No credit on open account
Liquidity short (current ratio 0.63 against 0.5 in 2024; short-term debt: 106.5% and cash: 26.4% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 96, micro). Better than this share of them on solvency 23%, liquidity 25%, profitability 75%, growth against the median 79%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 5502 sector peers (2025).
NBB · sector comparisonPosition among 5502 sector peers
Solvency
better than 22%
← 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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
41 d early
2023
31 d early
2022
49 d early
2021
51 d early
2020
23 d early
2019
52 d early
← 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 42 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% 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. Usually files around 15 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €20,809
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 15-06-2026Annual accounts filed
- 31-12-2025Back to profit
- 20-06-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Beauty care and other beauty treatmentsNACE 96220
- Founded
- 12-12-1997
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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