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Vanhout Projects

Active
Public limited companyfounded 1983active for 43 yearsLammerdries 12, 2440 Geel, Belgium46 active companies are registered at this addressKBO/BCE: BE 0425.561.665
Summary

Vanhout Projects has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.2m and a net result of €922,149. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 48% of 1,022 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow ReportCompare
Vanhout ProjectsActiveChecked score 90/100
Risk analysis ReportCompare

Overview

Activity
General construction of residential buildings
NACE 41001
3rd largest company by equity in Geel, Construction sector1 site
Size
€30.1moperating revenue 2025
Staff
10.9 FTE
Equity
€8.2m
Profit
€922,149
Financial health
90 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
VANHOUT · 100%
Holdings
9
  • Jureco bvDirector · permanent representative R. Eijckmans
  • Manibel bvDirector · permanent representative B. Lenaerts
Auditor: DELOITTE Bedrijfsrevisoren BV2025 accounts 29 days early3 of 21 deeds summarised
Why 90raises riskSector: Construction of residential and non-residential buildings (NACE 41)1 of the last 3 latelowers riskFounded in 1983Liquidity: current ratio 1.77, cash €4.4mShow the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 57% of its sector peers (NACE 41, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 56+14
equity 31.5% of total assets
Liquidity 44+25
short-term debt 52.9% · cash 16.7%
Profitability 82+20
return on assets 3.5%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (911 companies, NACE 41, small)
Last 24 months 11-2024: 0.9% 12-2024: 0.9%● unchanged vs 11-2024 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025 03-2025: 0.9%● unchanged vs 02-2025 04-2025: 0.9%● unchanged vs 03-2025 05-2025: 0.9%● unchanged vs 04-2025 06-2025: 0.9%● unchanged vs 05-2025 07-2025: 1.0%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.6%▼ -0.4 percentage points vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.5%▼ -0.1 percentage points vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.6%▲ +0.1 percentage points vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.2%▼ -0.4 percentage points vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €190,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.77, compared with 1.29 in 2024, above the usual 1.5; short-term debt: 52.9% and cash: 16.7% of total assets), but 68.5% of the assets are financed with debt and provisions.
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 41, small): better than 50% on solvency, 54% on liquidity, 86% on profitability and 38% on growth.

The bankruptcy probability was computed on 24-10-2026 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

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1983
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
lowers risk · Liquidity: current ratio 1.77, cash €4.4m
NBB · annual accounts
raises risk · 1 of the last 3 late
NBB · filings
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
29 days early
2024
1 day early
2023
36 days late
2022
24 days late
2021
117 days late
2020
44 days late
2019
31 days late
← 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 32 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 August (4 of the last 5 filed years within 53 days of that day).
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: Jureco bv (director) and Manibel…Permanent representatives: R. Eijckmans and…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Caution: Turnover fell in 2025from €5.9m to €1.9m ▼ 67.5% View
  • Positive: 3rd largest company by equity in Geel, Construction sectorin the Checked rankings No. 3 View
  • Controlled by VANHOUTultimately: BESIX Group 100% View
  • Positive: 7 profitable years in a rowprofit 2025: €922,149 7 years View
  • New directorslatest change 04-06-2026 · 2 in office 2 joined View

By topic

Financials

Financial year
2025
Turnover
€1.9m
Profit
€922,149
Solvency
31.5%
Turnover▼ 67.5%
Net result
20182025
Go to Financials

Board & ownership

Board
2 members
Parent
VANHOUT · 100%
Auditor
DELOITTE Bedrijfsrevisoren BV
  • Jureco bvDirector
  • Manibel bvDirector
Go to Board & ownership

Timeline

Events
48
Since
1985
Next accounts
by 31-07-2027
  1. 11-12-2024Resignation: Forvis Mazars Bedrijfsrevisoren (statutory auditor)
  2. 05-09-2024Annual accounts filed
  3. 22-12-2023Permanent representative: Ronny Eijckmans
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
General construction of residential buildingsNACE 41001
Founded
22-10-1983
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about Vanhout Projects

What is the company number of Vanhout Projects?
0425.561.665. In Belgium the VAT number is the company number with BE in front: BE 0425.561.665.
Where is Vanhout Projects based?
The registered office is at Lammerdries 12, 2440 Geel.Company details
What does Vanhout Projects do?
According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of Vanhout Projects?
Public limited company (NV).
When was Vanhout Projects founded?
On 22-10-1983.
Is Vanhout Projects still active?
Yes, Vanhout Projects is an active enterprise in the KBO register.
How many employees does Vanhout Projects have?
On average 10.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Vanhout Projects?
€1.9m in financial year 2025, according to the filed annual accounts.
Is Vanhout Projects profitable?
In financial year 2025, Vanhout Projects made a profit of €922,149.
Where can I find the annual accounts of Vanhout Projects?
Vanhout Projects filed 42 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Vanhout Projects due?
By 31-07-2027, for financial year 2026.Timeline

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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check

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