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VANHOVE & D

Active
Private limited companyfounded 201015 yrs activeOmselweg 47, 3960 Bree, BelgiumKBO/BCE: BE 0832.035.019
Summary

The computed 12-month bankruptcy probability of VANHOVE & D is 1.9% (moderate). The 2025 annual accounts show negative equity (-€34,852) and a net result of -€567. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 5% of 1012 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025
Age of the figures
Age of the figures
18 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 15 years 0 20 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€34,852
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 d early
2024
3 d early
2023
1 d early
2022
3 d early
2021
5 d early
2020
10 d late
2019
1 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 1 day before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 28 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close30-09-2026 today31-10-2026 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

VANHOVE & D was incorporated on 20 December 2010.1 Total assets fell from EUR 28,347 in 2019 to EUR 2,657 in 2023.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2023

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Financials · fiscal year 2025, micro schema

Equity
-€34,852▼ 1.7%
2024 · -€34,284
Total assets
€269▼ 3.2%
2024 · €278
Net result
-€567▲ 64.7%
2024 · -€1,605
Working capital
-€34,852▼ 1.7%
2024 · -€34,284
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 42, Civil engineering, 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
Line20212022202320242025
Operating result-€216-€614▼ 184%-€412▲ 32.9%-€1,490▼ 261%-€451▲ 69.7%
Net result-€299below the sector's middle half-€671below the sector's middle half▼ 124%-€507below the sector's middle half▲ 24.5%-€1,605below the sector's middle half▼ 217%-€567below the sector's middle half▲ 64.7%
Equity-€31,502below the sector's middle half▼ 1.0%-€32,173below the sector's middle half▼ 2.1%-€32,679below the sector's middle half▼ 1.6%-€34,284below the sector's middle half▼ 4.9%-€34,852below the sector's middle half▼ 1.7%
Total assets€999below the sector's middle half▼ 87.1%€34below the sector's middle half▼ 96.6%€2,657below the sector's middle half▲ 7,760%€278below the sector's middle half▼ 89.6%€269below the sector's middle half▼ 3.2%
Debt€32,501▼ 16.6%€32,206▼ 0.9%€35,337▲ 9.7%€34,562▼ 2.2%€35,120▲ 1.6%
Working capital-€31,100below the sector's middle half▼ 0.3%-€32,173below the sector's middle half▼ 3.5%-€32,679below the sector's middle half▼ 1.6%-€34,284below the sector's middle half▼ 4.9%-€34,852below the sector's middle half▼ 1.7%
Solvency
Current ratio
Return on assets (ROA)
above within below the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€2,000-€1,500-€1,000-€500€0Operating result 2021: -€216-€216Net result 2021: -€299-€299Operating result 2022: -€614-€614Net result 2022: -€671-€671Operating result 2023: -€412-€412Net result 2023: -€507-€507Operating result 2024: -€1,490-€1,490Net result 2024: -€1,605-€1,605Operating result 2025: -€451-€451Net result 2025: -€567-€56720212022202320242025-€2,000-€1,500-€1,000-€500€0Operating result 2023: -€412-€412Net result 2023: -€507-€507Operating result 2024: -€1,490-€1,490Net result 2024: -€1,605-€1,610Operating result 2025: -€451-€451Net result 2025: -€567-€567202320242025
The operating result stays negative: a loss of €451 in 2025 against €1,490 in 2024; the loss shrinks.
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€35,120▲
2024 · €34,562
Ratios withheld: a balance sheet total of €269 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
5.8% went bankrupt
8.1% stopped otherwise
85% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.

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 6,906 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 · 2025 against 2024 · 26 lines
Balance sheet Code20242025
Assets
Total assets20/58€278€269▼
Current assets29/58€278€269▼
Amounts receivable within one year40/41€240€240=
Other amounts receivable41€240€240=
Cash at bank and in hand54/58€38€29▼
Equity and liabilities
Total equity and liabilities10/49€278€269▼
Equity10/15-€34,284-€34,852▼
Contributions10/11€18,600€18,600=
Reserves13€15,273€14,706▼
Distributable reserves133€15,273€14,706▼
Profit (loss) carried forward14-€68,157-€68,157=
Amounts payable17/49€34,562€35,120▲
Amounts payable within one year42/48€34,562€35,120▲
Other amounts payable47/48€34,562€35,120▲
Income statement Code20242025
Goods, raw materials, services and sundry goods60/61€879-
Other operating charges640/8€611€451▼
Gross operating margin9900-€879€0▲
Operating profit (loss)9901-€1,490-€451▲
Financial charges65/66B€115€116▲
Recurring financial charges65€115€116▲
Profit (loss) for the period before taxes9903-€1,605-€567▲
Profit (loss) for the period9904-€1,605-€567▲
Profit (loss) for the period to be appropriated9905-€1,605-€567▲
Appropriation of the result
Profit (loss) to be appropriated9906-€68,157-€68,724▼
Profit (loss) brought forward from the previous period14P-€66,552-€68,157▼
Transfer from equity791/2-€567

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Goods, raw materials, services and sundry goods60/61---€879--
Other operating charges640/8-€464€405€611€451▼ 26.1%
Gross operating margin9900€5,155-€150-€8-€879€0▲ 100%
Operating profit (loss)9901-€216-€614-€412-€1,490-€451▲ 69.7%
Financial charges65/66B-€57€94€115€116▲ 0.5%
Recurring financial charges65€83€57€94€115€116▲ 0.5%
Profit (loss) for the period before taxes9903-€299-€671-€507-€1,605-€567▲ 64.7%
Profit (loss) for the period9904-€299-€671-€507-€1,605-€567▲ 64.7%
Profit (loss) for the period to be appropriated9905-€299-€671-€507-€1,605-€567▲ 64.7%
Line20212022202320242025Change
Assets
Total assets20/58€999€34€2,657€278€269▼ 3.2%
Current assets29/58€999€34€2,657€278€269▼ 3.2%
Amounts receivable within one year40/41-€32€32€240€240=
Other amounts receivable41-€32€32€240€240=
Cash at bank and in hand54/58€999€2€2,626€38€29▼ 23.7%
Equity and liabilities
Total equity and liabilities10/49€999€34€2,657€278€269▼ 3.2%
Equity10/15-€31,502-€32,173-€32,679-€34,284-€34,852▼ 1.7%
Contributions10/11-€18,600€18,600€18,600€18,600=
Reserves13€15,273€15,273€15,273€15,273€14,706▼ 3.7%
Non-distributable reserves130/1-€1,860€1,860---
Reserves not available under the articles1311-€1,860€1,860---
Distributable reserves133-€13,413€13,413€15,273€14,706▼ 3.7%
Profit (loss) carried forward14-€65,374-€66,045-€66,552-€68,157-€68,157=
Amounts payable17/49€32,501€32,206€35,337€34,562€35,120▲ 1.6%
Amounts payable within one year42/48€32,099€32,206€35,337€34,562€35,120▲ 1.6%
Other amounts payable47/48-€32,206€35,337€34,562€35,120▲ 1.6%
Line20212022202320242025Change
Profit (loss) for the period9904-€299-€671-€507-€1,605-€567▲ 64.7%
Operating cash flow (approximation)-€299-€671-€507-€1,605-€567▲ 64.7%
Change in cash--€997€2,624-€2,588-€9▲ 99.7%

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 31-10-2026
2025
29-10
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2024
28-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2023
30-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2022
28-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2021
26-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2020
10-11
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
31-03
Financial Back to profitnet €2,711
Net result €2,711 after one loss-making year.
2019
30-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
30-10
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2016
31-10
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
6 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, Bree · 1 establishment unit since 2010
seat establishment The establishment unit on the map
Ground area
2,058 m²
Building footprint
164 m²
Volume, LiDAR
889 m³
Parcel 72027B0099/00B002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
V & D VERWARMINGSTECHNIEK
Omselweg 47, 3960 BreeInstallation of electric heating, air conditioning, cooling and ventilation
since 20102.194.655.385
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
72027B0099/00B002 Flanders 2,058 m² 1 · 164 m² 8.1 m · 2 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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,823 companies in sector 42220 we hold annual accounts for 959. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded20-12-2010
Fiscal year end31-03
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID 0208:0832035019
Also 9925:BE0832035019
Registered 16-12-2025

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.