VANHOVE
ActiveSummary
VANHOVE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46k and a net result of €5k. Equity is shrinking by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 38% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-2
Solvency58▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.52 against 0.4 in 2024; short-term debt: 50.6% and cash: 8.4% of total assets), and 66.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
33.2%
Return on assets
3.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €46k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
28 d late
2023
30 d late
2022
28 d late
2021
26 d late
2020
26 d late
2019
27 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€46k▲ 11.9%
2024 · €41k
2018: €95k
2019: €92k
2020: €55k
2021: €44k
2022: €32k
2023: €33k
2024: €41k
2018 → 2025
Total assets
€139k▼ 6.6%
2024 · €148k
2018: €247k
2019: €218k
2020: €270k
2021: €264k
2022: €176k
2023: €162k
2024: €148k
2018 → 2025
Net result
€5k▼ 36.9%
2024 · €8k
2018: €-227
2019: €-3k
2020: €-38k
2021: €-11k
2022: €-11k
2023: €1k
2024: €8k
2018 → 2025
Working capital
€-34k▲ 31.5%
2024 · €-49k
2018: €-14k
2019: €-230
2020: €-45k
2021: €-56k
2022: €-68k
2023: €-72k
2024: €-49k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€32k▼ 25.8%€33k▲ 3.3%€41k▲ 23.4%€46k▲ 11.9%
Operating result€-11k-€-13k▼ 10.2%€-279▲ 97.8%€6k€7k▲ 5.3%
Net result€-11k-€-11k▲ 0.2%€1k€8k▲ 635%€5k▼ 36.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €139k
Fixed assets
€102k ▼ 11.6%
Current assets
€36k ▲ 11.2%
Equity and liabilities €139k
Equity
€46k ▲ 11.9%
Provisions
€22k ▼ 11.1%
Debt
€70k ▼ 14.5%
Debt's share of the balance-sheet total falls from 55.3% to 50.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20k▼
2024 · €27k
Cash flow
€18k▼
2024 · €28k
Current ratio
0.52▲
2024 · 0.40
Quick ratio
0.30▲
2024 · 0.30
Debt to equity
1.52▼
2024 · 1.99
ROE
10.7%▼
2024 · 18.9%
ROA
3.5%▼
2024 · 5.2%
Interest coverage
48.73▲
2024 · 24.91
Debt ≤ 1 year
€70k▼
2024 · €82k
Income taxes
€4k▲
2024 · €438
Staff costs
€40k▲
2024 · €39k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€148k€139k▼
Fixed assets21/28€116k€102k▼
Tangible fixed assets22/27€116k€102k▼
Land and buildings22€115k€102k▼
Furniture and vehicles24€854-
Financial fixed assets28€37€37=
Current assets29/58€33k€36k▲
Stocks and contracts in progress3€8k€15k▲
Stocks30/36€8k€15k▲
Amounts receivable within one year40/41€8k€9k▲
Trade receivables40€8k€9k▲
Other amounts receivable41€15€20▲
Cash at bank and in hand54/58€12k€12k▼
Deferred charges and accrued income490/1€4k-
Equity and liabilities
Total equity and liabilities10/49€148k€139k▼
Equity10/15€41k€46k▲
Contributions10/11€19k€19k=
Reserves13€51k€45k▼
Tax-exempt reserves132€49k€44k▼
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-28k€-18k▲
Provisions and deferred taxes16€25k€22k▼
Deferred taxes168€25k€22k▼
Amounts payable17/49€82k€70k▼
Amounts payable within one year42/48€82k€70k▼
Current portion of amounts payable after more than one year42€3k-
Trade debts44€8k€3k▼
Suppliers440/4€8k€3k▼
Taxes, remuneration and social security45€16k€17k▲
Taxes450/3€5k€6k▲
Remuneration and social security454/9€11k€11k▲
Other amounts payable47/48€56k€50k▼
Income statement
Code20242025
Remuneration, social security and pensions62€39k€40k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€13k▼
Other operating charges640/8€4k€3k▼
Gross operating margin9900€70k€62k▼
Operating profit (loss)9901€6k€7k▲
Financial income75/76B€102€4▼
Recurring financial income75€102€4▼
Financial charges65/66B€1k€414▼
Recurring financial charges65€1k€414▼
Profit (loss) for the period before taxes9903€5k€6k▲
Transfer from deferred taxes780€3k€3k=
Income taxes67/77€438€4k▲
Profit (loss) for the period9904€8k€5k▼
Transfer from tax-exempt reserves789€5k€5k=
Profit (loss) for the period to be appropriated9905€13k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-28k€-18k▲
Profit (loss) brought forward from the previous period14P€-42k€-28k▲
Social balance
Average headcount (FTE)90871.21.1▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €8k ▲635%
Net result €8k, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after 5 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lede · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Grote Steenweg 2609340 LedeGround area
3,063 m²
Building footprint
435 m²
Volume, LiDAR
2,012 m³
Parcel 41052C0136/00E000, Flanders · tallest building 13.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VANHOVE
since 19952.070.829.046
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41052C0136/00E000 | Flanders | 3,063 m² | 1 · 435 m² | 13.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CURLISS
BE 1019.763.770
Andenne · Eq €47k
MILEVA
BE 0632.536.901
Fléron · Eq €48k
VEN 28
BE 0461.753.553
Stabroek · Eq €44k
GROUP D&D
BE 0449.803.747
Heusden-Zolder · Eq €49k
MAGIE PARFUMERIE
BE 1014.770.052
Niel · Eq €43k
Of 798 companies in sector 46450 we hold annual accounts for 452. 304 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-02-1995
Fiscal year end31-12
Activities, NACEBEL 2025
46450Wholesale of perfume and cosmetics
96220Beauty care and other beauty treatments
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.