VANHOVE
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Rechtbank van koophandel te Dendermonde
- Declared bankrupt
- 20 September 2004
- Supervising judge
- Dirk Nevens
- Official Gazette
- 27-09-2004 (pdf) ↗search the document for 2004/031215
Deadlines
- Provisional date payments stopped
- 20 September 2004A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 12 October 2004Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 20 October 2004art. XX.104 and XX.155 CEL
- First verification report
- passed on 29 October 2004Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 20 September 2005Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Mr. Marga PietersAffligemdreef 144, 9300 Aalst
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
28 d early
2023
4 d early
2022
4 d early
2021
20 d late
2019
91 d late
2018
29 d 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 15 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
VANHOVE was incorporated on 22 November 1983.1 Since 2026, Stéphanie Mathias has served as director of the company.2 Total assets fell from EUR 3 million in 2018 to EUR 301,454 in 2025 and headcount from 0.5 full-time equivalents in 2018 to 0.5 in 2021.3 On 20 September 2004 the company was declared bankrupt.4
Go further with this company
What became of the directors' other companies?Supplier due diligence Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Renting and operating of own or leased non-residential real estate, excluding land sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€227,304▼ 14.9%
2024 · €267,178
Total assets
€301,454▼ 11.5%
2024 · €340,814
Net result
-€39,874
2024 · €29,936
Working capital
€46,903▼ 43.8%
2024 · €83,386
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€137,737-€97,987▼ 28.9%€61,780▼ 37.0%€30,355▼ 50.9%-€41,309
Net result-€41,125below the sector's middle half-€77,870within the sector's middle half€58,316within the sector's middle half▼ 25.1%€29,936within the sector's middle half▼ 48.7%-€39,874below the sector's middle half
Equity€181,055within the sector's middle half-€258,925within the sector's middle half▲ 43.0%€267,242within the sector's middle half▲ 3.2%€267,178within the sector's middle half=€227,304within the sector's middle half▼ 14.9%
Total assets€390,200below the sector's middle half-€329,943below the sector's middle half▼ 15.4%€372,126below the sector's middle half▲ 12.8%€340,814below the sector's middle half▼ 8.4%€301,454below the sector's middle half▼ 11.5%
Debt€201,484-€65,109▼ 67.7%€100,726▲ 54.7%€71,229▼ 29.3%€73,494▲ 3.2%
Working capital-€85,969within the sector's middle half-€21,036within the sector's middle half€62,496within the sector's middle half▲ 197%€83,386within the sector's middle half▲ 33.4%€46,903within the sector's middle half▼ 43.8%
Solvency46.4%within the sector's middle half-78.5%above the sector's middle half▲ 32.1pp71.8%above the sector's middle half▼ 6.7pp78.4%above the sector's middle half▲ 6.6pp75.4%above the sector's middle half▼ 3.0pp
Current ratio0.57within the sector's middle half-1.33within the sector's middle half▲ 0.761.67within the sector's middle half▲ 0.342.18within the sector's middle half▲ 0.511.66within the sector's middle half▼ 0.52
Return on assets (ROA)-10.5%below the sector's middle half-23.6%above the sector's middle half▲ 34.1pp15.7%above the sector's middle half▼ 7.9pp8.8%above the sector's middle half▼ 6.9pp-13.2%below the sector's middle half▼ 22.0pp
Staff (FTE)0.5below the sector's middle half-
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.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €41,309 after €30,355 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €301,454
Fixed assets
€182,975 ▼ 1.9%
Current assets
€118,479 ▼ 23.2%
Equity and liabilities €301,454
Equity
€227,304 ▼ 14.9%
Provisions
€656 ▼ 72.8%
Debt
€73,494 ▲ 3.2%
Debt's share of the balance-sheet total rises from 20.9% to 24.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€18,924▼
2024 · €59,471
Cash flow
-€17,489▼
2024 · €59,052
Quick ratio
1.14▼
2024 · 1.66
Debt to equity
0.32▲
2024 · 0.27
ROE
-17.5%▼
2024 · 11.2%
Interest coverage
-59.75▼
2024 · 212.27
Debt ≤ 1 year
€71,576▲
2024 · €70,823
Income taxes
€0▼
2024 · €1,889
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €9,729 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,461 | €29,978 | €29,473 | €29,116 | €22,385 | ▼ 23.1% |
| Other operating charges640/8 | €37,709 | €20,408 | €21,459 | €24,912 | €17,410 | ▼ 30.1% |
| Gross operating margin9900 | €237,636 | €148,373 | €112,712 | €84,382 | -€1,513 | ▼ 102% |
| Operating profit (loss)9901 | €137,737 | €97,987 | €61,780 | €30,355 | -€41,309 | ▼ 236% |
| Financial income75/76B | €54,942 | €0 | €14 | €0 | - | - |
| Recurring financial income75 | €54,942 | €0 | €14 | €0 | - | - |
| Financial charges65/66B | €238,788 | €568 | €323 | €280 | €317 | ▲ 13.0% |
| Recurring financial charges65 | €238,788 | €568 | €323 | €280 | €317 | ▲ 13.0% |
| Profit (loss) for the period before taxes9903 | -€46,109 | €97,419 | €61,470 | €30,074 | -€41,626 | ▼ 238% |
| Transfer from deferred taxes780 | €6,329 | €1,751 | €1,751 | €1,751 | €1,751 | = |
| Income taxes67/77 | €1,345 | €21,300 | €4,905 | €1,889 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€41,125 | €77,870 | €58,316 | €29,936 | -€39,874 | ▼ 233% |
| Transfer from tax-exempt reserves789 | €18,988 | €5,254 | €5,254 | €5,254 | €5,254 | = |
| Profit (loss) for the period to be appropriated9905 | -€22,137 | €83,124 | €63,570 | €35,190 | -€34,621 | ▼ 198% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €390,200 | €329,943 | €372,126 | €340,814 | €301,454 | ▼ 11.5% |
| Fixed assets21/28 | €275,172 | €245,194 | €215,721 | €186,605 | €182,975 | ▼ 1.9% |
| Tangible fixed assets22/27 | €275,172 | €245,194 | €215,721 | €186,605 | €182,975 | ▼ 1.9% |
| Land and buildings22 | €225,518 | €195,824 | €166,422 | €137,306 | €133,676 | ▼ 2.6% |
| Plant, machinery and equipment23 | €49,654 | €49,370 | €49,299 | €49,299 | €49,299 | = |
| Current assets29/58 | €115,028 | €84,749 | €156,405 | €154,209 | €118,479 | ▼ 23.2% |
| Stocks and contracts in progress3 | €36,645 | €36,645 | €36,645 | €36,645 | €36,645 | = |
| Stocks30/36 | €36,645 | €36,645 | €36,645 | €36,645 | €36,645 | = |
| Amounts receivable within one year40/41 | - | €7,071 | €605 | €1,360 | €387 | ▼ 71.6% |
| Trade receivables40 | - | €7,071 | €605 | €1,360 | €387 | ▼ 71.6% |
| Cash at bank and in hand54/58 | €76,373 | €39,022 | €119,155 | €113,306 | €70,611 | ▼ 37.7% |
| Deferred charges and accrued income490/1 | €2,010 | €2,011 | €0 | €2,898 | €10,836 | ▲ 274% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €390,200 | €329,943 | €372,126 | €340,814 | €301,454 | ▼ 11.5% |
| Equity10/15 | €181,055 | €258,925 | €267,242 | €267,178 | €227,304 | ▼ 14.9% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €119,555 | €197,425 | €205,742 | €205,678 | €165,804 | ▼ 19.4% |
| Non-distributable reserves130/1 | €4,958 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | €4,958 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Tax-exempt reserves132 | €22,983 | €17,729 | €12,476 | €7,222 | €1,968 | ▼ 72.7% |
| Distributable reserves133 | €91,614 | €173,546 | €187,116 | €192,306 | €157,685 | ▼ 18.0% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €7,661 | €5,910 | €4,158 | €2,407 | €656 | ▼ 72.8% |
| Deferred taxes168 | €7,661 | €5,910 | €4,158 | €2,407 | €656 | ▼ 72.8% |
| Amounts payable17/49 | €201,484 | €65,109 | €100,726 | €71,229 | €73,494 | ▲ 3.2% |
| Amounts payable within one year42/48 | €200,997 | €63,714 | €93,909 | €70,823 | €71,576 | ▲ 1.1% |
| Trade debts44 | €4,274 | €2,536 | €4,745 | €5,637 | €46,640 | ▲ 727% |
| Suppliers440/4 | €4,274 | €2,536 | €4,745 | €5,637 | €46,640 | ▲ 727% |
| Taxes, remuneration and social security45 | €1,309 | €22,075 | €5,562 | €1,919 | €2,020 | ▲ 5.3% |
| Taxes450/3 | €1,309 | €22,075 | €5,562 | €1,919 | €2,020 | ▲ 5.3% |
| Other amounts payable47/48 | €195,414 | €39,103 | €83,603 | €63,267 | €22,917 | ▼ 63.8% |
| Accrued charges and deferred income492/3 | €487 | €1,395 | €6,817 | €406 | €1,918 | ▲ 372% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€41,125 | €77,870 | €58,316 | €29,936 | -€39,874 | ▼ 233% |
| + Depreciation and write-downs630 | €52,461 | €29,978 | €29,473 | €29,116 | €22,385 | ▼ 23.1% |
| Operating cash flow (approximation) | €11,336 | €107,848 | €87,790 | €59,052 | -€17,489 | ▼ 130% |
| Investment in fixed assets (approximation) | - | -€0 | €0 | €0 | -€18,755 | - |
| Change in cash | - | -€37,351 | €80,133 | -€5,848 | -€42,696 | ▼ 630% |
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
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
State Gazette act
Resignation: Stéphanie Mathias (director)Appointment: Stéphanie Mathias (director) · Permanent representatives: Jacques Mathias and Marc Hofman · Mandate compensation7 facts ▸
State Gazette act
Resignation: Stéphanie Mathias (director)
Appointment: Stéphanie Mathias (director) · Permanent representatives: Jacques Mathias and Marc Hofman · Mandate compensation7 facts ▸
- General meeting, 28/02/2026
- Director resignation, Stéphanie Mathias (director)
- Director appointment, Stéphanie Mathias (director)
- Mandate compensation, Stéphanie Mathias
- Permanent representative, Jacques Mathias
- Permanent representative, Marc Hofman
- Power of attorney, VGD Accountants en Belastingconsulenten
2025
02-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Back to profitnet €77,870
Net result €77,870 after 2 loss-making years.
30-09
Financial
Liquidity doublescurrent ratio 1.33
Current ratio from 0.57 to 1.33; short-term debt falls from €200,997 to €63,714.
30-09
Financial
Equity above €200,000Eq €258,925 ▲43%
Equity rises from €181,055 to €258,925.
20-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 20 days late
2021
30-09
Financial
Weakest financial yearnet -€41,125
Net result drops to -€41,125, the lowest in the series.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2004
27-09
Bankruptcy
Opening
Rechtbank van koophandel te Dendermonde · event 20-09-2004
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 18 acts read
About the unread acts
Of the 18 Belgian State Gazette acts we know for this company, 1 has been read. The other 17 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Stéphanie Mathias
CurrentDirector · since 28-02-2026
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
17 of this company's 18 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, Aalst · 1 establishment unit since 1996
Ground area
955 m²
Building footprint
199 m²
Volume, LiDAR
1,793 m³
Parcel 41002B0178/00Z000, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
ROLLERLAND
since 19962.113.591.792
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002B0178/00Z000 | Flanders | 954 m² | 1 · 198 m² | 13.1 m · 3 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.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Stéphanie Mathias |
|
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Mr. Marga Pieters Affligemdreef 144, 9300 Aalst |
20-09-2004 → present |
Structure & network
Owners and holdings
1 ownerChain of control
- MDP HOLDING
- VANHOVE
Highest known parent: MDP HOLDING. The sources do not say who stands above it.
Owners 1
- MDP HOLDINGparent100%
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
1 current directorThe 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.
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Company details
Identification
Legal formPublic limited company
Founded22-11-1983
Fiscal year end30-09
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0425234142
Also
9925:BE0425234142
Registered
14-10-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.