Equity
€196,556 ▼ 10.7%
VANHOTEC paid out €42,183 in dividends. That is 225% of the 2026 profit.
VANHOTEC
Lifetime
19 annual accounts with figures on one time axis, 20 filings since 2006peak €104,694 (2025)
€68,791▼ 34.3%
lowest -€15,226 (2012)
€18,732▼ 56.9%
peak €220,007 (2025)
€196,556▼ 10.7%
€270,778▼ 2.8%
Board2 names since 2004
2 directorsVanhove Franky and 1 other
Documentsfilings and deeds
28-09-202633 days before the deadline
2026micro format
Gross margin from €104,694 to €68,791Result from €43,505 to €18,732Dividend €42,183
Key points
from the 2026 annual accountsChecked score
91
Excellent
Financially stronger than 45% of micro companies in specialised construction (NACE 43)
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: 0.7% across 47,693 companies (NACE 43, micro).
About 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 06-2025
08-2025: 0.3%● unchanged vs 07-2025highest value
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.1%▼ -0.2 percentage points vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026lowest value
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%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 2.56, cash €89,628
Founded in 2004
Equity €196,556 (42.1% of total assets)
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 45% of them on solvency, 65% on liquidity, 46% on profitability and 24% 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 31-03-2026.
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 VANHOTEC 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 VANHOTEC 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 VANHOTEC. 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 €17,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.56 (2.82 in 2025), above the usual 1.5. Short-term debt is 21.5% and cash 19.2% of total assets. However, 57.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
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 31-03-2026 was due by 31-10-2026 and was filed on 28-09-2026, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
33 days early
2025
32 days early
2024
3 days early
2023
25 days early
2022
34 days early
2021
32 days early
2020
44 days early
← 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 29 days before 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 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 29 September (5 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 today31-03-2027 year end31-10-2027 deadline
Recent changes
Security firm approval (camera systems) granted
Decision of 30-03-2022, published on 12-07-2024
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0869839679
Security firm approval (alarm systems) renewed
Decision of 30-10-2020, published on 22-06-2021
Changes of role: Vanhove Franky (director) and Geldof Katrien (director)
“zoalshiernageweergegevenindestatuten” (deed in Dutch) · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VANHOTEC Heuvelland | €467,334 | €68,791 | 42.1% | - |
| DHOMAC Moorslede | €459,976 | €68,302 | 30.9% | - |
| DME ALGEMENE ELECTRICITEIT Oudenburg | €487,738 | €78,107 | 22.9% | - |
| STEVE VANDENBON Damme | €463,877 | €65,948 | 44.6% | - |
| ART'ELEC WIRELESS SYSTEMS Chaudfontaine | €469,712 | €66,043 | 46.7% | - |
| BJC Duffel | €525,039 | €73,773 | 33.3% | - |
| SVB Olen | €423,062 | €68,372 | 44.8% | - |
These companies have the same main activity as VANHOTEC: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €423,000 and €525,000, founded between 2002 and 2008.
Official details
Source: KBO- Status
- Active since 04-11-2004Normal situation
- Activity
- General electrical installation workNACE 43211and 4 others
- Establishment unit
- 2.143.589.7368953 Heuvelland, since 01-11-2004
- Financial year end
- 31 March
- Peppol
- Reachable since 20-11-2020
Annual accounts to 31-03-2026
- €467,334▼ 6.3%
- Filing
- Filed on 28-09-2026, 33 days before the end of the filing period
Insights on VANHOTEC
VANHOTEC files the micro format. That format states no turnover. The gross margin rose from €43,015 in 2007 to €68,791 in 2026.
The balance sheet grew most in 2021 through fixed assets.
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 VANHOTEC
- What is the company number of VANHOTEC?
- The company number of VANHOTEC is 0869.839.679. The VAT number is the same number with BE in front: BE 0869.839.679.
- Where is VANHOTEC based?
- The registered office is at St.-Medardusplein (Wijtsch) 14, 8953 Heuvelland.Company details
- What does VANHOTEC do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of VANHOTEC?
- VANHOTEC is a private limited company (BV).
- When was VANHOTEC founded?
- VANHOTEC was founded on 04-11-2004.
- Is VANHOTEC still active?
- Yes, VANHOTEC is an active enterprise in the KBO register.
- What is the turnover of VANHOTEC?
- The turnover in financial year 2026 is ≈ €270,000. This figure is estimated from the gross margin of €68,791 and 40 comparable companies (NACE 43211). It probably lies between €160,000 and €420,000.Financials
- Is VANHOTEC profitable?
- In financial year 2026, VANHOTEC made a profit of €18,732.
- Where can I find the annual accounts of VANHOTEC?
- VANHOTEC filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of VANHOTEC due?
- VANHOTEC must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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