Parent and group
- INFRA GROUP100%
- Infra International100%
- We Connect Infra100%
VANHULLE
ActiveSummary
VANHULLE has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €788,351 and a net result of -€4,888. Equity has been growing by about 4% per year since 2018. Its solvency ranks better than 92% of 525 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Official details
Source: KBO- Status
- Active since 08-05-1995 Normal situation
- Activity
- Construction of utility projects for electricity and telecommunications NACE 42220
- Joint committee
- 124 Paritair Comité voor het bouwbedrijf · annual accounts 30-09-2025
- Establishment unit
- 2.071.605.343 9240 Zele, since 18-05-1995
- Financial year end
- 30 September
- Peppol
- Reachable
Board and ownership
Board
- MARCOL InvestDirector · since 28-05-2024 · permanent representative Vanhulle Johan
- Auditor
- KPMG Bedrijfsrevisoren BV/SRL
Shareholders
- VERBRAEKEN DRILLING INFRA100%annual accounts 30-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
Annual accounts to 30-09-2025
- Gross margin
- €166,113
- ▲ 10.0%
- Turnover
- ≈ €420,000
- estimated
- Loss
- €4,888
- ▼ 56.9%
- Equity
- €788,351
- ▼ 0.6%
- Total assets
- €901,002
- ▼ 50.1%
- Staff
- ≈ 0.2 FTE
- estimated
- 2025 accounts filed 74 days after the deadline
Score breakdownraises riskLast filed accounts filed 74 days late; 3 of the last 3 accounts lateLiquidity: current ratio 5.01, cash €19,048, halvedlowers riskFounded in 1995Equity €788,351 (87.5% of total assets)Show the evidence
Checked score
Score 2025
85
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 51% of micro companies in civil engineering (NACE 42)
Financial strength · tick: 2024
Strong
Solvency
100+31
equity 87.5% of total assets
Liquidity
52+26
short-term debt 11.3% · cash 2.1%
Profitability
50+17
return on assets -0.5%
Bankruptcy probability within 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 1.4%● unchanged vs 12-2024
02-2025: 1.5%▲ +0.1 percentage points vs 01-2025
03-2025: 1.7%▲ +0.2 percentage points vs 02-2025
04-2025: 1.7%● unchanged vs 03-2025
05-2025: 1.9%▲ +0.2 percentage points vs 04-2025
06-2025: 1.8%▼ -0.1 percentage points vs 05-2025
07-2025: 1.9%▲ +0.1 percentage points vs 06-2025
08-2025: 2.3%▲ +0.4 percentage points vs 07-2025
09-2025: 2.9%▲ +0.6 percentage points vs 08-2025highest value
10-2025: 1.2%▼ -1.7 percentage points vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.3%▲ +0.1 percentage points vs 12-2025
02-2026: 1.4%▲ +0.1 percentage points vs 01-2026
03-2026: 1.3%▼ -0.1 percentage points vs 02-2026
04-2026: 1.4%▲ +0.1 percentage points vs 03-2026
05-2026: 1.8%▲ +0.4 percentage points vs 04-2026
06-2026: 2.2%▲ +0.4 percentage points vs 05-2026
07-2026: 1.2%▼ -1.0 percentage point vs 06-2026
08-2026: 0.3%▼ -0.9 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Credit of up to €65,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.01 (1.35 in 2024), above the usual 1.5. Short-term debt is 11.3% and cash 2.1% of total assets. 12.5% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 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 42, micro). It does better than 92% of them on solvency, 52% on liquidity, 26% on profitability and 35% on growth.
The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 74 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-07-2026, 74 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
74 days late
2024
153 days late
2023
484 days late
2022
47 days early
2021
13 days early
2020
37 days early
2019
43 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 82 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end03-11-2026 today30-04-2027 deadline
Key points
Recent changes
- · Gazette deed Appointment: KPMG Bedrijfsrevisoren BV/SRL (statutory auditor)Permanent representatives: Ellemarie Bex and Vanhulle Johan
- · Gazette deed Miscellaneous
- · Gazette deed 1 director appointed, 1 director resigningAppointment: Marcol Invest BV (director) · Permanent representative: Vanhulle Johan · Resignation: Vanhulle Johan (director)
Companies linked to VANHULLE
Comparable companies
These companies have the same main activity as VANHULLE: construction of utility projects for electricity and telecommunications (NACE 42220). They are comparable in size and age: total assets between €626,000 and €1.1m, founded between 1985 and 2001.
| Company | Total assets | Gross margin |
|---|---|---|
| VANHULLE Zele | €0.9m | €0.2m |
| Van Goethem & Co Hamme (Vl.) | €0.7m | €0.2m |
| CRAHAY Liège | €0.8m | €0.2m |
| HYDROWIND Grimbergen | €0.7m | €0.2m |
| TRAVAUX PUBLICS MOUSCRON Mouscron | €1.1m | €0.2m |
| ALL LASER TECHNICS Leuven | €0.8m | €0.3m |
| NAPRO Brussel | €0.6m | €0.2m |
Key facts about VANHULLE
- What is the company number of VANHULLE?
- The company number of VANHULLE is 0455.109.350. The VAT number is the same number with BE in front: BE 0455.109.350.
- Where is VANHULLE based?
- The registered office is at Touwslagerstraat 8, 9240 Zele.Company details
- What does VANHULLE do?
- According to the KBO register, the main activity is construction of utility projects for electricity and telecommunications (NACE 42220).
- What is the legal form of VANHULLE?
- The legal form of VANHULLE is Private limited company (BV).
- When was VANHULLE founded?
- VANHULLE was founded on 08-05-1995.
- Is VANHULLE still active?
- Yes, VANHULLE is an active enterprise in the KBO register.
- How many employees does VANHULLE have?
- VANHULLE had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does VANHULLE fall under?
- In its 30-09-2025 annual accounts, VANHULLE states joint committee 124 (Paritair Comité voor het bouwbedrijf).
- What is the turnover of VANHULLE?
- The turnover in financial year 2025 is ≈ €420,000. This figure is estimated from the gross margin of €166,113 and 1,647 comparable companies of the same size. It probably lies between €260,000 and €790,000. It is a rough estimate.
- Is VANHULLE profitable?
- In financial year 2025, VANHULLE made a loss of €4,888.
- Where can I find the annual accounts of VANHULLE?
- VANHULLE filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VANHULLE due?
- VANHULLE must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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