VANHOTEC
ActiveSummary
VANHOTEC has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €220k and a net result of €44k. Equity is growing by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 47% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+7
Solvency69▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 2.82 against 1.78 in 2024; short-term debt: 18.4% and cash: 15.3% of total assets), but 55.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.1%
Return on assets
8.7%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-09-2025, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
3 d early
2023
25 d early
2022
34 d early
2021
32 d early
2020
44 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€220k▲ 24.6%
2024 · €177k
2019: €80klowest in 7 years
2020: €89k▲ +11.1% vs 2019
2021: €114k▲ +27.2% vs 2020
2022: €141k▲ +24.4% vs 2021
2023: €159k▲ +12.5% vs 2022
2024: €177k▲ +11.0% vs 2023
2025: €220k▲ +24.6% vs 2024highest in 7 years
2019 → 2025
Total assets
€499k▼ 5.8%
2024 · €529k
2019: €381k
2020: €374k▼ -1.9% vs 2019lowest in 7 years
2021: €534k▲ +42.8% vs 2020highest in 7 years
2022: €532k▼ -0.5% vs 2021
2023: €468k▼ -12.0% vs 2022
2024: €529k▲ +13.2% vs 2023
2025: €499k▼ -5.8% vs 2024
2019 → 2025
Net result
€44k▲ 148%
2024 · €18k
2019: €9k
2020: €9k▼ -1.2% vs 2019lowest in 7 years
2021: €24k▲ +172% vs 2020
2022: €28k▲ +14.4% vs 2021
2023: €18k▼ -36.1% vs 2022
2024: €18k▼ -1.1% vs 2023
2025: €44k▲ +148% vs 2024highest in 7 years
2019 → 2025
Working capital
€167k▲ 45.1%
2024 · €115k
2019: €84k
2020: €105k▲ +25.0% vs 2019
2021: €71k▼ -32.3% vs 2020lowest in 7 years
2022: €96k▲ +36.0% vs 2021
2023: €117k▲ +21.6% vs 2022
2024: €115k▼ -1.7% vs 2023
2025: €167k▲ +45.1% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€114k-€141k▲ 24.4%€159k▲ 12.5%€177k▲ 11.0%€220k▲ 24.6%
2021: €114klowest in 5 years
2022: €141k▲ +24.4% vs 2021
2023: €159k▲ +12.5% vs 2022
2024: €177k▲ +11.0% vs 2023
2025: €220k▲ +24.6% vs 2024highest in 5 years
Operating result€29k-€42k▲ 42.9%€29k▼ 30.0%€29k▼ 1.6%€68k▲ 133%
2021: €29k
2022: €42k▲ +42.9% vs 2021
2023: €29k▼ -30.0% vs 2022
2024: €29k▼ -1.6% vs 2023lowest in 5 years
2025: €68k▲ +133% vs 2024highest in 5 years
Net result€24k-€28k▲ 14.4%€18k▼ 36.1%€18k▼ 1.1%€44k▲ 148%
2021: €24k
2022: €28k▲ +14.4% vs 2021
2023: €18k▼ -36.1% vs 2022
2024: €18k▼ -1.1% vs 2023lowest in 5 years
2025: €44k▲ +148% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 133% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €499k
Fixed assets
€240k ▼ 9.6%
Current assets
€258k ▼ 1.9%
Equity and liabilities €499k
Equity
€220k ▲ 24.6%
Debt
€279k ▼ 21.0%
Debt's share of the balance-sheet total falls from 66.6% to 55.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€100k▲
2024 · €54k
Cash flow
€75k▲
2024 · €43k
Current ratio
2.82▲
2024 · 1.78
Quick ratio
1.17▲
2024 · 0.57
Debt to equity
1.27▼
2024 · 2.00
ROE
19.8%▲
2024 · 9.9%
ROA
8.7%▲
2024 · 3.3%
Interest coverage
9.50▲
2024 · 6.01
Debt ≤ 1 year
€91k▼
2024 · €148k
Debt > 1 year
€183k▼
2024 · €200k
Income taxes
€17k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€529k€499k▼
Fixed assets21/28€266k€240k▼
Tangible fixed assets22/27€265k€239k▼
Land and buildings22€215k€199k▼
Plant, machinery and equipment23€5k€5k▼
Furniture and vehicles24€45k€36k▼
Financial fixed assets28€620€620=
Current assets29/58€263k€258k▼
Stocks and contracts in progress3€179k€152k▼
Stocks30/36€159k€139k▼
Contracts in progress37€20k€13k▼
Amounts receivable within one year40/41€34k€22k▼
Trade receivables40€29k€16k▼
Other amounts receivable41€6k€6k▲
Cash at bank and in hand54/58€42k€76k▲
Deferred charges and accrued income490/1€8k€9k▲
Equity and liabilities
Total equity and liabilities10/49€529k€499k▼
Equity10/15€177k€220k▲
Contributions10/11€12k€12k=
Reserves13€164k€208k▲
Distributable reserves133€164k€208k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€352k€279k▼
Amounts payable after more than one year17€200k€183k▼
Financial debts170/4€200k€183k▼
Amounts payable within one year42/48€148k€91k▼
Current portion of amounts payable after more than one year42€24k€17k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€29k€11k▼
Suppliers440/4€29k€11k▼
Advances received on contracts in progress46€4k€532▼
Taxes, remuneration and social security45€29k€4k▼
Taxes450/3€423€23▼
Remuneration and social security454/9€29k€4k▼
Other amounts payable47/48€62k€59k▼
Accrued charges and deferred income492/3€4k€4k=
Income statement
Code20242025
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€32k▲
Other operating charges640/8€4k€5k▲
Gross operating margin9900€58k€105k▲
Operating profit (loss)9901€29k€68k▲
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Non-recurring financial charges66B€250€0▼
Profit (loss) for the period before taxes9903€23k€60k▲
Income taxes67/77€6k€17k▲
Profit (loss) for the period9904€18k€44k▲
Profit (loss) for the period to be appropriated9905€18k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€75k€44k▼
Profit (loss) brought forward from the previous period14P€57k€0▼
Transfer to equity691/2€75k€44k▼
To other reserves6921€75k€44k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47k | €42k | €32k | €25k | €32k | ▲ 27.0% |
| Other operating charges640/8 | - | €4k | €5k | €4k | €5k | ▲ 21.6% |
| Gross operating margin9900 | €78k | €88k | €66k | €58k | €105k | ▲ 79.2% |
| Operating profit (loss)9901 | €29k | €42k | €29k | €29k | €68k | ▲ 133% |
| Financial income75/76B | - | €4k | €3k | €4k | €3k | ▼ 8.6% |
| Recurring financial income75 | €6k | €4k | €3k | €4k | €3k | ▼ 8.6% |
| Financial charges65/66B | - | €8k | €8k | €9k | €10k | ▲ 13.1% |
| Recurring financial charges65 | €9k | €8k | €8k | €9k | €10k | ▲ 16.3% |
| Non-recurring financial charges66B | - | - | - | €250 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €27k | €38k | €25k | €23k | €60k | ▲ 159% |
| Income taxes67/77 | €3k | €10k | €7k | €6k | €17k | ▲ 190% |
| Profit (loss) for the period9904 | €24k | €28k | €18k | €18k | €44k | ▲ 148% |
| Profit (loss) for the period to be appropriated9905 | €24k | €28k | €18k | €18k | €44k | ▲ 148% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €534k | €532k | €468k | €529k | €499k | ▼ 5.8% |
| Fixed assets21/28 | €282k | €254k | €230k | €266k | €240k | ▼ 9.6% |
| Tangible fixed assets22/27 | €281k | €253k | €229k | €265k | €239k | ▼ 9.6% |
| Land and buildings22 | - | €237k | €219k | €215k | €199k | ▼ 7.6% |
| Plant, machinery and equipment23 | - | €2k | €7k | €5k | €5k | ▼ 4.5% |
| Furniture and vehicles24 | - | €13k | €3k | €45k | €36k | ▼ 19.8% |
| Financial fixed assets28 | €620 | €620 | €620 | €620 | €620 | = |
| Current assets29/58 | €252k | €278k | €238k | €263k | €258k | ▼ 1.9% |
| Stocks and contracts in progress3 | €125k | €190k | €191k | €179k | €152k | ▼ 15.4% |
| Stocks30/36 | - | €142k | €150k | €159k | €139k | ▼ 12.9% |
| Contracts in progress37 | - | €48k | €41k | €20k | €13k | ▼ 35.0% |
| Amounts receivable within one year40/41 | €34k | €34k | €27k | €34k | €22k | ▼ 36.4% |
| Trade receivables40 | - | €24k | €22k | €29k | €16k | ▼ 44.7% |
| Other amounts receivable41 | - | €10k | €5k | €6k | €6k | ▲ 5.8% |
| Cash at bank and in hand54/58 | €39k | €46k | €13k | €42k | €76k | ▲ 82.0% |
| Deferred charges and accrued income490/1 | - | €8k | €7k | €8k | €9k | ▲ 9.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €534k | €532k | €468k | €529k | €499k | ▼ 5.8% |
| Equity10/15 | €114k | €141k | €159k | €177k | €220k | ▲ 24.6% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €44k | €72k | €89k | €164k | €208k | ▲ 26.5% |
| Distributable reserves133 | - | €72k | €89k | €164k | €208k | ▲ 26.5% |
| Profit (loss) carried forward14 | €57k | €57k | €57k | €0 | - | - |
| Amounts payable17/49 | €421k | €390k | €309k | €352k | €279k | ▼ 21.0% |
| Amounts payable after more than one year17 | €236k | €205k | €180k | €200k | €183k | ▼ 8.6% |
| Financial debts170/4 | - | €205k | €180k | €200k | €183k | ▼ 8.6% |
| Amounts payable within one year42/48 | €181k | €182k | €121k | €148k | €91k | ▼ 38.3% |
| Current portion of amounts payable after more than one year42 | - | €46k | €25k | €24k | €17k | ▼ 29.1% |
| Financial debts43 | - | €40k | €25k | €0 | - | - |
| Credit institutions430/8 | - | €40k | €25k | €0 | - | - |
| Trade debts44 | €54k | €46k | €9k | €29k | €11k | ▼ 63.2% |
| Suppliers440/4 | - | €46k | €9k | €29k | €11k | ▼ 63.2% |
| Advances received on contracts in progress46 | - | - | - | €4k | €532 | ▼ 86.0% |
| Taxes, remuneration and social security45 | - | €8k | €13k | €29k | €4k | ▼ 85.8% |
| Taxes450/3 | - | €81 | €3k | €423 | €23 | ▼ 94.6% |
| Remuneration and social security454/9 | - | €8k | €10k | €29k | €4k | ▼ 85.7% |
| Other amounts payable47/48 | - | €42k | €49k | €62k | €59k | ▼ 4.9% |
| Accrued charges and deferred income492/3 | - | €3k | €7k | €4k | €4k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €28k | €18k | €18k | €44k | ▲ 148% |
| + Depreciation and write-downs630 | €47k | €42k | €32k | €25k | €32k | ▲ 27.0% |
| Operating cash flow (approximation) | €71k | €70k | €50k | €43k | €75k | ▲ 76.8% |
| Investment in fixed assets (approximation) | - | €-13k | €-8k | €-61k | €-6k | ▲ 89.4% |
| Change in cash | - | €7k | €-33k | €29k | €34k | ▲ 17.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €44k ▲148%
Operating result €68k, net result €44k, both a record.
31-03
Financial
Equity above €200kEq €220k ▲24.6%
7 profitable years in a row build equity to €220k.
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €150kEq €159k ▲12.5%
5 profitable years in a row build equity to €159k.
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Equity above €100kEq €114k ▲27.2%
3 profitable years in a row build equity to €114k.
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
25-03
Financial
Weakest financial yearnet €9k ▼1.2%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Heuvelland · 1 establishment unit since 2004
Ground area
244 m²
Building footprint
45 m²
Volume, LiDAR
199 m³
Parcel 33032A0227/00X000, Flanders · tallest building 4.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Vanhotec
since 20042.143.589.736
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33032A0227/00X000 | Flanders | 244 m² | 1 · 45 m² | 4.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 481 EUR awarded · 481 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 481 EUR | 481 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
6 categoriesVANHOTEC BV29258
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,130 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-11-2004
Fiscal year end31-03
Activities, NACEBEL 2025
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
47540Retail sale of electrical household appliances
47552Retail sale of lighting equipment
Scores and ratios are computed by Checked and are not a credit decision.