VANHOSTA
ActiveSummary
VANHOSTA has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39.1m and a net result of €1.5m. Equity remains stable across the filed financial years (±1.3% per year). Its solvency ranks better than 81% of 11,191 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 4.6 FTE
- Equity
- €39.1m
- Profit
- €1.5m
- Holdings
- 5
Why 92raises riskLiquidity: current ratio 1.70, cash €1.4mlowers riskEquity €39.1m (73.7% of total assets)Size: 4.6 FTE, total assets €53.0mFigures for financial year 2025 (filed 21-04-2026)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 80% on solvency, 42% on liquidity, 41% on profitability and 48% on growth.
The bankruptcy probability was computed on 26-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 3 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Back to profitnet €1.5m
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €700,040 after a loss of €83,164 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 17,042 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 17,042 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.6m | - | €0.1m | €0.02m | €0.2m | ▲ 748% |
| Remuneration, social security and pensions62 | - | - | - | €0.3m | €0.5m | €0.6m | €0.6m | €0.7m | ▲ 19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.7m | €0.8m | €1.1m | €0.8m | €0.5m | €0.7m | €0.7m | €0.7m | ▼ 0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.009m | €0 | €0.007m | -€0.02m | €0 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | -€0.3m | €0 | - | - |
| Other operating charges640/8 | - | - | - | €0.2m | €0.2m | €0.2m | €0.4m | €0.2m | ▼ 39.1% |
| Non-recurring operating charges66A | - | - | - | €0.7m | €0 | - | €0.2m | €0.02m | ▼ 86.4% |
| Gross operating margin9900 | €2.1m | €1.5m | €2.0m | €4.6m | €2.8m | €1.8m | €1.8m | €2.4m | ▲ 35.6% |
| Operating profit (loss)9901 | €0.9m | €0.3m | €0.3m | €2.5m | €1.5m | €0.6m | -€0.08m | €0.7m | - |
| Financial income75/76B | - | - | - | €0.1m | €0.06m | €0.1m | €0.2m | €1.1m | ▲ 460% |
| Recurring financial income75 | €0.2m | €0.2m | €0.2m | €0.1m | €0.06m | €0.1m | €0.2m | €1.1m | ▲ 460% |
| Non-recurring financial income76B | - | - | - | €0 | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.2m | €0.2m | €0.2m | €0.6m | €0.5m | ▼ 13.4% |
| Recurring financial charges65 | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.6m | €0.5m | ▼ 13.4% |
| Non-recurring financial charges66B | - | - | - | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.8m | €0.3m | €0.3m | €2.5m | €1.4m | €0.5m | -€0.5m | €1.3m | - |
| Transfer from deferred taxes780 | - | - | - | €0.01m | €0.01m | €0.01m | €0.3m | €0.6m | ▲ 130% |
| Transfer to deferred taxes680 | - | - | - | €0.2m | €0 | - | - | - | - |
| Income taxes67/77 | €0.2m | €0.1m | €0.1m | €0.6m | €0.4m | €0.2m | €0.2m | €0.4m | ▲ 142% |
| Profit (loss) for the period9904 | €0.6m | €0.2m | €0.2m | €1.7m | €1.0m | €0.3m | -€0.3m | €1.5m | - |
| Transfer from tax-exempt reserves789 | - | - | - | €0.02m | €0.02m | €0.02m | €0.6m | €0.03m | ▼ 95.3% |
| Transfer to tax-exempt reserves689 | - | - | - | €1.1m | €0.4m | €0 | €0.2m | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €0.5m | €0.1m | €0.2m | €0.6m | €0.6m | €0.3m | €0.01m | €1.6m | ▲ 118× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €43.7m | €43.7m | €44.5m | €45.9m | €49.3m | €52.9m | €54.0m | €53.0m | ▼ 1.8% |
| Fixed assets21/28 | €32.1m | €30.1m | €33.9m | €33.2m | €30.7m | €39.7m | €40.5m | €34.7m | ▼ 14.4% |
| Tangible fixed assets22/27 | €21.6m | €21.0m | €25.5m | €25.6m | €23.0m | €32.0m | €32.9m | €27.8m | ▼ 15.4% |
| Land and buildings22 | - | - | - | €25.1m | €21.6m | €28.4m | €31.5m | €26.4m | ▼ 16.1% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.001m | €0.001m | €0.001m | €189 | ▼ 68.1% |
| Furniture and vehicles24 | - | - | - | €0.05m | €0.2m | €0.1m | €0.09m | €0.05m | ▼ 43.8% |
| Other tangible fixed assets26 | - | - | - | €0.4m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Assets under construction and advance payments27 | - | - | - | €0.01m | €0.5m | €2.6m | €0.5m | €0.6m | ▲ 10.1% |
| Financial fixed assets28 | €10.5m | €9.1m | €8.4m | €7.6m | €7.7m | €7.7m | €7.7m | €6.9m | ▼ 10.0% |
| Current assets29/58 | €11.6m | €13.6m | €10.6m | €12.7m | €18.6m | €13.2m | €13.5m | €18.3m | ▲ 36.2% |
| Amounts receivable after more than one year29 | - | - | - | €0.8m | €0.8m | €0.8m | €0.9m | €0.8m | ▼ 11.4% |
| Other amounts receivable291 | - | - | - | €0.8m | €0.8m | €0.8m | €0.9m | €0.8m | ▼ 11.4% |
| Stocks and contracts in progress3 | €9.2m | €10.9m | €6.3m | €5.2m | €11.9m | €11.1m | €10.9m | €14.1m | ▲ 29.3% |
| Stocks30/36 | - | - | - | €5.2m | €11.9m | €11.1m | €10.9m | €14.1m | ▲ 29.3% |
| Amounts receivable within one year40/41 | €0.8m | €1.5m | €3.7m | €4.1m | €1.2m | €1.0m | €1.1m | €1.4m | ▲ 28.8% |
| Trade receivables40 | - | - | - | €4.1m | €1.1m | €0.7m | €1.0m | €0.4m | ▼ 58.4% |
| Other amounts receivable41 | - | - | - | €0.002m | €0.06m | €0.3m | €0.03m | €0.9m | ▲ 29× |
| Current investments50/53 | - | - | - | - | €3.0m | €0 | - | - | - |
| Cash at bank and in hand54/58 | €0.07m | €0.1m | €0.3m | €2.4m | €1.5m | €0.02m | €0.09m | €1.4m | ▲ 17× |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.3m | €0.4m | €0.5m | €0.6m | ▲ 19.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €43.7m | €43.7m | €44.5m | €45.9m | €49.3m | €52.9m | €54.0m | €53.0m | ▼ 1.8% |
| Equity10/15 | €36.0m | €36.2m | €36.4m | €38.1m | €39.1m | €39.1m | €38.7m | €39.1m | ▲ 0.8% |
| Contributions10/11 | €12.3m | €12.3m | - | €12.4m | €12.4m | €12.4m | €12.4m | €12.4m | = |
| Reserves13 | €23.7m | €23.8m | €24.0m | €25.7m | €26.7m | €26.4m | €26.1m | €26.4m | ▲ 1.2% |
| Non-distributable reserves130/1 | - | - | - | €1.2m | €1.2m | €1.2m | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1.2m | €1.2m | €1.2m | €0 | - | - |
| Tax-exempt reserves132 | - | - | - | €1.5m | €1.9m | €1.9m | €1.5m | €0.8m | ▼ 45.4% |
| Distributable reserves133 | - | - | - | €23.0m | €23.6m | €23.3m | €24.6m | €25.6m | ▲ 4.0% |
| Profit (loss) carried forward14 | - | - | - | - | - | €0.3m | €0.3m | €0.3m | = |
| Provisions and deferred taxes16 | €0.9m | €0.7m | €0.7m | €0.9m | €0.8m | €0.5m | €0.3m | €0.3m | ▼ 3.0% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.6m | €0.6m | €0.2m | €0.2m | €0.2m | = |
| Pensions and similar obligations160 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Taxes161 | - | - | - | - | €0.3m | €0 | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €0.3m | - | - | - | - | - |
| Deferred taxes168 | - | - | - | €0.3m | €0.3m | €0.3m | €0.08m | €0.07m | ▼ 11.9% |
| Amounts payable17/49 | €6.8m | €6.8m | €7.3m | €7.0m | €9.4m | €13.2m | €15.0m | €13.7m | ▼ 8.6% |
| Amounts payable after more than one year17 | €3.8m | €2.8m | €1.7m | €1.3m | €5.2m | €4.3m | €3.3m | €2.8m | ▼ 14.9% |
| Financial debts170/4 | - | - | - | €1.3m | €5.2m | €4.3m | €3.3m | €2.8m | ▼ 15.0% |
| Other amounts payable178/9 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Amounts payable within one year42/48 | €2.9m | €3.9m | €5.6m | €5.6m | €4.2m | €8.9m | €11.6m | €10.8m | ▼ 7.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.4m | €0.9m | €0.9m | €2.2m | €1.5m | ▼ 32.6% |
| Financial debts43 | - | - | - | €0.01m | €0.03m | €6.1m | €7.6m | €7.7m | ▲ 2.5% |
| Credit institutions430/8 | - | - | - | €0.01m | €0.03m | €6.1m | €7.6m | €7.7m | ▲ 2.5% |
| Trade debts44 | €0.05m | €0.3m | €1.7m | €2.7m | €0.9m | €1.2m | €0.6m | €0.2m | ▼ 75.9% |
| Suppliers440/4 | - | - | - | €2.7m | €0.9m | €1.2m | €0.6m | €0.2m | ▼ 75.9% |
| Advances received on contracts in progress46 | - | - | - | €0.2m | €0 | - | - | €0.1m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.3m | €0.3m | €0.2m | €0.4m | ▲ 67.9% |
| Taxes450/3 | - | - | - | €0.1m | €0.2m | €0.3m | €0.2m | €0.3m | ▲ 87.5% |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.05m | €0.06m | €0.06m | €0.07m | ▲ 13.5% |
| Other amounts payable47/48 | - | - | - | €2.2m | €2.1m | €0.4m | €0.9m | €0.9m | ▼ 5.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.07m | €0.02m | €0.002m | €0.03m | €0.06m | ▲ 125% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.6m | €0.2m | €0.2m | €1.7m | €1.0m | €0.3m | -€0.3m | €1.5m | - |
| + Depreciation and write-downs630 | €0.7m | €0.8m | €1.1m | €0.8m | €0.5m | €0.7m | €0.7m | €0.7m | ▼ 0.1% |
| Operating cash flow (approximation) | €1.2m | €0.9m | €1.4m | €2.4m | €1.6m | €1.0m | €0.4m | €2.3m | ▲ 453% |
| Investment in fixed assets (approximation) | - | €1.3m | -€4.9m | -€0.08m | €2.0m | -€9.7m | -€1.6m | €5.1m | - |
| Change in cash | - | €0.05m | €0.2m | €2.1m | -€0.9m | -€1.5m | €0.07m | €1.4m | ▲ 21× |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-04-2026 | 2026-00083093 |
| 31-12-2024 | abbreviated format | 25-08-2025 | 2025-00424138 |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00447506 |
| 31-12-2022 | abbreviated format | 31-07-2023 | 2023-00311606 |
| 31-12-2021 | abbreviated format | 30-06-2022 | 2022-20128737 |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-62500594 |
| 31-12-2019 | abbreviated format | 28-08-2020 | 2020-46600499 |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-61200528 |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-54000267 |
| 31-12-2016 | full format | 31-08-2017 | 2017-54700116 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 · 1 entry · €99 awardedPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GEKIERE Nathalie Marie-Thérèse |
|
| VANHONSEBROUCK Vincent Germaine Wilfried |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Holdings and subsidiaries
5 holdings · 4 subsidiaries in the treeHoldings 5
Source for every holding own accounts 2025
- Vanhosta BouwgroepsubsidiaryEquity €595,693Result -€709,093100%
-
55%
-
55%
- Equity -€138,803Result -€13,39740.85%
- Equity -€2.8mResult -€192,66740.05%
All subsidiaries, including indirect ones 4
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
Vanhosta Bouwgroep 100%1 subsidiary
- ROYAL 800 55%
- ZOUTE 800 55%
According to the 2025 annual accounts of VANHOSTA and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
08-01
Gazette deed
Resignations: VANHONSEBROUCK Vincent Germaine Wilfried (statutory manager) and GEKIERE Nathalie Marie-Thérèse (manager)Appointments: VANHONSEBROUCK Vincent Germaine Wilfried (statutory director) and GEKIERE Nathalie Marie-Thérèse (statutory director) · Purpose change · Capital conversion19 facts ▸
- General meeting, 22-12-2023
- Purpose change
- Other provision, “onderwerping aan WVV en behoud rechtsvorm, statuten aanpassen aan WVV en rechtsvorm besloten vennootschap behouden” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing en beschikbaar maken voor uitkering, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director resignation, VANHONSEBROUCK Vincent Germaine Wilfried (statutory manager)
- Director appointment, VANHONSEBROUCK Vincent Germaine Wilfried (statutory director) (2 times)
- Other provision, “geen beroepsverbod uitgesproken” (deed in Dutch)
- Other provision, “kwijting ontslagnemende statutair zaakvoerder, volgende jaarvergadering” (deed in Dutch)
- Amendment of the articles
- Capital
- Director appointment, GEKIERE Nathalie Marie-Thérèse (statutory director)
- +7 further facts in this act
About the unread acts
Of the 11 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0873.190.040
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31333K0089/00N002 | Flanders | 1,096 m² | 1 · 249 m² | 16.1 m · 2 |
| 31013A0801/00K000 | Flanders | 466 m² | 1 · 236 m² | 27.5 m · 8 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Vanhosta
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, exploitatiezetels oprichten of opheffen bij enkel besluit bestuursorgaan voor zover geen wijziging taalregime” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, kan vertrekvergoeding toekennen” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Voor helft overdrager en helft koper(s) naar evenredigheid aantal bij meer kopers, elke overdracht onder levenden ten bezwarende of…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Monday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering beslissende zoals inzake statutenwijziging” (deed in Dutch)“Vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Indien geen andere vereffenaar benoemd, bestuurder(s) in functie” (deed in Dutch)