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Vanhout PPS

Active
Public limited companyfounded 201412 yrs activeLammerdries 12, 2440 Geel, BelgiumKBO/BCE: BE 0558.974.376
Summary

Vanhout PPS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €59,506 and a net result of -€547. Equity remains stable across the filed fiscal years (±1.2% per year). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability37▲+8
Solvency34=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.1 in 2023; short-term debt: 90.9% and cash: 15.1% of total assets), and 90.9% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
9.1%
Return on assets
-0.1%
Age of the figures
21 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 12 years 0 20 y
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 d early
2024
18 d late
2023
12 d late
2022
26 d early
2021
30 d late
2020
19 d late
2019
22 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 on the deadline day; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 13 August (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 8 August 2014, Vanhout PPS was incorporated.1 Total assets went from EUR 104,384 in 2018 to EUR 650,602 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Turnover
€632,479
EBIT margin
-3.4%
Net result
-€547▲ 97.5%
2023 · -€22,233
Working capital
€59,506▼ 0.9%
2023 · €60,053
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€632,479
Operating result-€929▼ 15.7%-€857▲ 7.7%-€754▲ 12.1%-€21,756▼ 2,787%-€52▲ 99.8%
Net result-€956within the sector's middle half▼ 18.2%-€892within the sector's middle half▲ 6.7%-€788within the sector's middle half▲ 11.6%-€22,233within the sector's middle half▼ 2,720%-€547within the sector's middle half▲ 97.5%
EBIT margin-3.4%
Equity€83,967within the sector's middle half▼ 1.1%€83,075within the sector's middle half▼ 1.1%€82,286within the sector's middle half▼ 0.9%€60,053below the sector's middle half▼ 27.0%€59,506below the sector's middle half▼ 0.9%
Total assets€84,271below the sector's middle half▼ 18.4%€83,379below the sector's middle half▼ 1.1%€82,895below the sector's middle half▼ 0.6%€657,644below the sector's middle half▲ 693%€650,602below the sector's middle half▼ 1.1%
Debt€304=€304=€608▲ 100%€597,591▲ 98,156%€591,096▼ 1.1%
Working capital€83,967within the sector's middle half▼ 18.4%€83,075within the sector's middle half▼ 1.1%€82,286within the sector's middle half▼ 0.9%€60,053within the sector's middle half▼ 27.0%€59,506within the sector's middle half▼ 0.9%
Solvency99.6%above the sector's middle half▲ 17.4pp99.6%above the sector's middle half=99.3%above the sector's middle half▼ 0.4pp9.1%within the sector's middle half▼ 90.1pp9.1%within the sector's middle half=
Current ratio1.10within the sector's middle half1.10within the sector's middle half=
Return on assets (ROA)-1.1%within the sector's middle half▼ 0.4pp-1.1%within the sector's middle half▲ 0.1pp-1.0%within the sector's middle half▲ 0.1pp-3.4%below the sector's middle half▼ 2.4pp-0.1%within the sector's middle half▲ 3.3pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0Operating result 2020: -€929-€929Net result 2020: -€956-€956Operating result 2021: -€857-€857Net result 2021: -€892-€892Operating result 2022: -€754-€754Net result 2022: -€788-€788Operating result 2023: -€21,756-€21,756Net result 2023: -€22,233-€22,233Operating result 2024: -€52-€52Net result 2024: -€547-€54720202021202220232024-€30,000-€20,000-€10,000€0Operating result 2022: -€754-€754Net result 2022: -€788-€788Operating result 2023: -€21,756-€21,800Net result 2023: -€22,233-€22,200Operating result 2024: -€52-€52Net result 2024: -€547-€547202220232024
The operating result stays negative: a loss of €52 in 2024 against €21,756 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €650,602
Equity €59,506 ▼ 0.9%
Debt €591,096 ▼ 1.1%
Debt's share of the balance-sheet total stays at 90.9%.
Key figures and ratios
2024 value · change against 2023
Debt to equity
9.93▼
2023 · 9.95
ROE
-0.9%▲
2023 · -37.0%
Debt ≤ 1 year
€591,096▼
2023 · €597,591
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 912 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 95% are still going.

  • Small
  • 10 to 20 years old
  • solvency under 10%
  • a small loss
2.4% went bankrupt
2.1% stopped otherwise
95% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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% 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 912 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet Code20232024
Assets
Total assets20/58€657,644€650,602▼
Current assets29/58€657,644€650,602▼
Amounts receivable within one year40/41€413,432€552,148▲
Trade receivables40€393,893€552,148▲
Other amounts receivable41€19,538-
Cash at bank and in hand54/58€244,213€98,454▼
Equity and liabilities
Total equity and liabilities10/49€657,644€650,602▼
Equity10/15€60,053€59,506▼
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Reserves13€6,150€6,150=
Non-distributable reserves130/1€6,150€6,150=
Legal reserve130€6,150€6,150=
Profit (loss) carried forward14-€7,597-€8,144▼
Amounts payable17/49€597,591€591,096▼
Amounts payable within one year42/48€597,591€591,096▼
Trade debts44€597,591€501,096▼
Suppliers440/4€597,591€501,096▼
Advances received on contracts in progress46-€60,000
Other amounts payable47/48-€30,000
Income statement Code20232024
Operating income70/76A€632,479-
Turnover70€632,479-
Operating charges60/66A€654,235-
Services and other goods61€654,126-
Other operating charges640/8€109€118▲
Gross operating margin9900-€66
Operating profit (loss)9901-€21,756-€52▲
Financial charges65/66B€477€495▲
Recurring financial charges65€477€495▲
Other financial charges652/9€477-
Profit (loss) for the period before taxes9903-€22,233-€547▲
Profit (loss) for the period9904-€22,233-€547▲
Profit (loss) for the period to be appropriated9905-€22,233-€547▲
Appropriation of the result
Profit (loss) to be appropriated9906-€7,597-€8,144▼
Profit (loss) brought forward from the previous period14P€14,636-€7,597▼
Line20202021202220232024Change
Operating income70/76A---€632,479--
Turnover70---€632,479--
Operating charges60/66A-€857€754€654,235--
Services and other goods61-€756€652€654,126--
Other operating charges640/8-€101€102€109€118▲ 8.3%
Gross operating margin9900----€66-
Operating profit (loss)9901-€929-€857-€754-€21,756-€52▲ 99.8%
Financial charges65/66B-€35€35€477€495▲ 3.6%
Recurring financial charges65€27€35€35€477€495▲ 3.6%
Other financial charges652/9-€35€35€477--
Profit (loss) for the period before taxes9903-€956-€892-€788-€22,233-€547▲ 97.5%
Profit (loss) for the period9904-€956-€892-€788-€22,233-€547▲ 97.5%
Profit (loss) for the period to be appropriated9905-€956-€892-€788-€22,233-€547▲ 97.5%
Line20202021202220232024Change
Assets
Total assets20/58€84,271€83,379€82,895€657,644€650,602▼ 1.1%
Current assets29/58€84,271€83,379€82,895€657,644€650,602▼ 1.1%
Amounts receivable within one year40/41€3,794€3,796€3,797€413,432€552,148▲ 33.6%
Trade receivables40---€393,893€552,148▲ 40.2%
Other amounts receivable41-€3,796€3,797€19,538--
Cash at bank and in hand54/58€80,477€79,583€79,097€244,213€98,454▼ 59.7%
Equity and liabilities
Total equity and liabilities10/49€84,271€83,379€82,895€657,644€650,602▼ 1.1%
Equity10/15€83,967€83,075€82,286€60,053€59,506▼ 0.9%
Contributions10/11€61,500€61,500€61,500€61,500€61,500=
Capital10-€61,500€61,500€61,500€61,500=
Issued capital100-€61,500€61,500€61,500€61,500=
Reserves13€6,150€6,150€6,150€6,150€6,150=
Non-distributable reserves130/1-€6,150€6,150€6,150€6,150=
Legal reserve130-€6,150€6,150€6,150€6,150=
Profit (loss) carried forward14€16,317€15,425€14,636-€7,597-€8,144▼ 7.2%
Amounts payable17/49€304€304€608€597,591€591,096▼ 1.1%
Amounts payable within one year42/48€304€304€608€597,591€591,096▼ 1.1%
Trade debts44€304€304€608€597,591€501,096▼ 16.1%
Suppliers440/4-€304€608€597,591€501,096▼ 16.1%
Advances received on contracts in progress46----€60,000-
Other amounts payable47/48----€30,000-
Line20202021202220232024Change
Profit (loss) for the period9904-€956-€892-€788-€22,233-€547▲ 97.5%
Operating cash flow (approximation)-€956-€892-€788-€22,233-€547▲ 97.5%
Change in cash--€894-€486€165,115-€145,759▼ 188%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
09-07
State Gazette act Reappointments: Jureco bv, Manibel bv and Herroelen bv
Permanent representatives: R. Eijckmans, B. Lenaerts and B. Herroelen8 facts ▸
  • General meeting, 09-06-2026
  • Director reappointment, Jureco bv (director)
  • Permanent representative, R. Eijckmans (permanent representative)
  • Director reappointment, Manibel bv (director)
  • Permanent representative, B. Lenaerts (permanent representative)
  • Director reappointment, Herroelen bv (director)
  • Permanent representative, B. Herroelen (permanent representative)
  • Permanent representative, R. Eijckmans (permanent representative)
30-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
18-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
2024
12-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 12 days late
2023
31-12
Financial Weakest financial yearnet -€22,233
Net result drops to -€22,233, the lowest in the series; recovery starts the following year.
05-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
30-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
19-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 19 days late
2020
09-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial Liquidity doublescurrent ratio 339.45
Current ratio from 160.18 to 339.45; short-term debt falls from €652 to €304.
04-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
07-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts

Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
under verification, last change in 2026
This board is reconstructed from a single act (26088309). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Board 3

Herroelen bv
Director · since 09-06-2026 · Legal entity · perm. rep.: B. Herroelen
Current
Jureco bv
Director · since 09-06-2026 · Legal entity · perm. rep.: R. Eijckmans
Current
Manibel bv
Director · since 09-06-2026 · Legal entity · perm. rep.: B. Lenaerts
Current

Permanent representatives 3

B. Herroelen
Permanent representative · since 09-06-2026 · for Herroelen bv
Current
B. Lenaerts
Permanent representative · since 09-06-2026 · for Manibel bv
Current
R. Eijckmans
Permanent representative · since 09-06-2026 · for Jureco bv
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Geel · 1 establishment unit since 2014
seat establishment The establishment unit on the map
Ground area
3.4 ha
Building footprint
5,238 m²
Parcel 13373A0494/00E000, Flanders. Linked by address, not a title deed.
46 companies at this address See who is registered here
1 establishment unit
Lammerdries 12, 2440 Geel
Real estate development
since 20142.234.599.886
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13373A0494/00E000 Flanders 3.4 ha 1 · 5,238 m² -
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.

Mandate history

3 people since 2026, 3 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Herroelen bv
  • Director, already before 09-06-2026 to date
Jureco bv
  • Director, already before 09-06-2026 to date
Manibel bv
  • Director, already before 09-06-2026 to date
See the board, name and seat on a given date →

Structure & network

Part of the group BESIX Group 60 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. BESIX Group 100%
  2. VANHOUT 100%
  3. Vanhout PPS

Highest known parent: BESIX Group. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.

Connections & network

3 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Similar companies · same sector, comparable size

Of 1,293 companies in sector 68122 we hold annual accounts for 903. 493 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded08-08-2014
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID 0208:0558974376
Also 9925:BE0558974376

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.