VANHOVE CLEANING
ActiveVANHOVE CLEANING has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.32M and a net result of €457k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 61% of 1077 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81▼-5
Solvency77▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 2.43 in 2023; short-term debt: 37.3% and cash: 5.4% of total assets), and 48.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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 2024Solvency, return and age of the figures
Solvency
51.7%
Return on assets
10.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
68 d late
2022
31 d late
2021
61 d late
2020
61 d late
2019
47 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€2.32M▼ 0.4%
2023 · €2.33M
2018: €2.32M
2019: €2.46M
2020: €2.52M
2021: €2.34M
2022: €2.18M
2023: €2.33M
2018 → 2024
Total assets
€4.49M▲ 8.1%
2023 · €4.16M
2018: €3.05M
2019: €3.24M
2020: €3.23M
2021: €3.02M
2022: €3.49M
2023: €4.16M
2018 → 2024
Net result
€457k▼ 21.7%
2023 · €583k
2018: €270k
2019: €211k
2020: €57k
2021: €176k
2022: €282k
2023: €583k
2018 → 2024
Working capital
€1.56M▼ 17.8%
2023 · €1.90M
2018: €1.64M
2019: €1.45M
2020: €1.49M
2021: €1.34M
2022: €1.45M
2023: €1.90M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2.52M-€2.34M▼ 7.3%€2.18M▼ 6.8%€2.33M▲ 7.0%€2.32M▼ 0.4%
Operating result€94k-€262k▲ 179%€360k▲ 37.3%€715k▲ 98.5%€580k▼ 18.8%
Net result€57k-€176k▲ 211%€282k▲ 60.1%€583k▲ 107%€457k▼ 21.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 19% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.49M
Fixed assets
€1.26M▲ 34.5%
Current assets
€3.23M▲ 0.4%
Equity and liabilities €4.49M
Equity
€2.32M▼ 0.4%
Provisions
€48k=
Debt
€2.12M▲ 19.4%
The debt ratio rises from 42.7% to 47.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€642k▼
2023 · €771k
Cash flow
€518k▼
2023 · €639k
Solvency
51.7%▼
2023 · 56.1%
Current ratio
1.93▼
2023 · 2.43
Quick ratio
1.93▼
2023 · 2.43
Debt / equity
0.91▲
2023 · 0.76
ROE
19.7%▼
2023 · 25.0%
ROA
10.2%▼
2023 · 14.0%
Interest coverage
8.69▼
2023 · 15.99
Debt
€2.12M▲
2023 · €1.78M
Debt ≤ 1 year
€1.67M▲
2023 · €1.32M
Income taxes
€85k▼
2023 · €95k
Staff costs
€327k▼
2023 · €432k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€4.16M€4.49M▲
Fixed assets21/28€934k€1.26M▲
Tangible fixed assets22/27€861k€1.18M▲
Land and buildings22€825k€780k▼
Plant, machinery and equipment23€37k€67k▲
Furniture and vehicles24-€335k
Financial fixed assets28€72k€75k▲
Current assets29/58€3.22M€3.23M▲
Stocks and contracts in progress3€4k€4k▲
Stocks30/36€4k€4k▲
Amounts receivable within one year40/41€1.75M€2.14M▲
Trade receivables40€1.70M€1.96M▲
Other amounts receivable41€45k€178k▲
Current investments50/53€1.11M€841k▼
Cash at bank and in hand54/58€339k€241k▼
Deferred charges and accrued income490/1€24k€7k▼
Equity and liabilities
Total equity and liabilities10/49€4.16M€4.49M▲
Equity10/15€2.33M€2.32M▼
Contributions10/11€19k€19k=
Reserves13€692k€427k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€45k€45k=
Distributable reserves133€645k€380k▼
Profit (loss) carried forward14€1.62M€1.88M▲
Provisions and deferred taxes16€48k€48k=
Provisions for liabilities and charges160/5€48k€48k=
Other liabilities and charges164/5€48k€48k=
Amounts payable17/49€1.78M€2.12M▲
Amounts payable within one year42/48€1.32M€1.67M▲
Trade debts44€59k€262k▲
Suppliers440/4€59k€262k▲
Taxes, remuneration and social security45€44k€46k▲
Taxes450/3€2k€2k▲
Remuneration and social security454/9€42k€43k▲
Other amounts payable47/48€1.22M€1.37M▲
Accrued charges and deferred income492/3€452k€446k▼
Income statement
Code20232024
Non-recurring operating income76A€62-
Remuneration, social security and pensions62€432k€327k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€62k▲
Other operating charges640/8€15k€16k▲
Gross operating margin9900€1.22M€984k▼
Operating profit (loss)9901€715k€580k▼
Financial income75/76B€11k€35k▲
Recurring financial income75€11k€35k▲
Financial charges65/66B€48k€74k▲
Recurring financial charges65€48k€74k▲
Profit (loss) for the period before taxes9903€678k€542k▼
Income taxes67/77€95k€85k▼
Profit (loss) for the period9904€583k€457k▼
Profit (loss) for the period to be appropriated9905€583k€457k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.92M€2.08M▲
Profit (loss) brought forward from the previous period14P€1.34M€1.62M▲
Transfer from equity791/2€130k€265k▲
Profit to be distributed694/7€430k€465k▲
Return on contributions (dividend)694€130k€265k▲
Directors or managers695€300k€200k▼
Social balance
Average headcount (FTE)90876.33.8▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
31-12
Financial
Highest result since 2018net €583k ▲107%
Operating result €715k, net result €583k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €57k ▼73.2%
Net result drops to €57k, the lowest in the series; recovery starts the following year.
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 47 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 52 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Torhout · 3 establishment units since 1996
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.
Bruggestraat 738820 TorhoutGround area
7,483 m²
Building footprint
1,816 m²
Volume, LiDAR
13,016 m³
3 parcels, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
DE WATERBEER
since 19962.078.869.554
DE WATERBEER
since 20002.231.067.009
DE WATERBEER
since 20122.231.067.108
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31040F1516/00N000 | Flanders | 3,557 m² | 1 · 601 m² | 9.3 m · 3 fl. |
| 31040F1516/00M000 | Flanders | 3,018 m² | 1 · 1,096 m² | 7.9 m · 2 fl. |
| 31522C0903/00B002 | Flanders | 908 m² | 1 · 118 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels 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 to 2023 · 3 entries · 160,662 EUR awarded · 49,230 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,415 EUR | 1,415 EUR |
| 2022 | 2 | 159,247 EUR | 47,815 EUR |
Schemes
Proeftuinen Droogte (voor bedrijven, non-profit en overheidsbedrijven)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,013 companies in sector 81220 we hold annual accounts for 2,416. 489 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded16-10-1996
Fiscal year end31-12
Activities, NACEBEL
37000Sewerage
81220Other building cleaning and industrial cleaning
90010
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.