VANHULLE - IEPER
ActiveSummary
VANHULLE - IEPER has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.48M and a net result of €-515k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 89% of 9038 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-16
Solvency100=
Growth22▼-13
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 4.35 against 5.41 in 2023; short-term debt: 14.8% and cash: 12.8% of total assets), and 14.8% 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 →
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 2024Solvency, return and age of the figures
Solvency
85.2%
Return on assets
-17.7%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-515k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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
28 d late
2023
23 d late
2022
31 d late
2021
12 d early
2020
30 d early
2019
32 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€10.91M▼ 38.6%
2022 · €17.76M
2018: €26.38M
2019: €29.01M
2020: €24.38M
2021: €20.45M
2022: €17.76M
2018 → 2023
EBIT margin
-1.1%▼ 2.4pp
2022 · 1.3%
2018: 0.8%
2019: 0.7%
2020: -1.2%
2021: -0.3%
2022: 1.3%
2018 → 2023
Net result
€-515k▼ 302%
2023 · €-128k
2018: €86k
2019: €87k
2020: €-264k
2021: €512k
2022: €159k
2023: €-128k
2018 → 2024
Working capital
€1.45M▼ 24.0%
2023 · €1.90M
2018: €1.03M
2019: €1.24M
2020: €1.17M
2021: €1.66M
2022: €1.97M
2023: €1.90M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€24.38M-€20.45M▼ 16.2%€17.76M▼ 13.1%€10.91M▼ 38.6%
Equity€2.45M-€2.96M▲ 20.9%€3.12M▲ 5.4%€2.99M▼ 4.1%€2.48M▼ 17.2%
Operating result€-287k-€-67k▲ 76.8%€230k€-122k€-513k▼ 319%
Net result€-264k-€512k€159k▼ 68.9%€-128k€-515k▼ 302%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €513k in 2024 against €122k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.91M
Fixed assets
€1.03M ▼ 5.3%
Current assets
€1.88M ▼ 19.6%
Equity and liabilities €2.91M
Equity
€2.48M ▼ 17.2%
Debt
€432k ▲ 0.1%
Debt's share of the balance-sheet total rises from 12.6% to 14.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-425k▼
2023 · €-31k
Cash flow
€-427k▼
2023 · €-37k
Current ratio
4.35▼
2023 · 5.41
Quick ratio
2.49▲
2023 · 2.41
Debt to equity
0.17▲
2023 · 0.14
ROE
-20.8%▼
2023 · -4.3%
ROA
-17.7%▼
2023 · -3.7%
Interest coverage
-122.11▼
2023 · -0.75
Debt ≤ 1 year
€432k▲
2023 · €431k
Income taxes
€946▼
2023 · €1k
Staff costs
€627k▲
2023 · €553k
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 · 2024 against 2023 · 78 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.43M€2.91M▼
Fixed assets21/28€1.09M€1.03M▼
Intangible fixed assets21€3k€7k▲
Tangible fixed assets22/27€500k€437k▼
Land and buildings22€450k€400k▼
Plant, machinery and equipment23€19k€8k▼
Furniture and vehicles24€30k€29k▼
Financial fixed assets28€590k€590k=
Companies linked by participating interests282/3€590k-
Participating interests282€590k-
Other financial fixed assets284/8€198-
Amounts receivable and cash guarantees285/8€198-
Current assets29/58€2.33M€1.88M▼
Stocks and contracts in progress3€1.30M€803k▼
Stocks30/36€1.30M€803k▼
Goods purchased for resale34€1.30M-
Amounts receivable within one year40/41€740k€699k▼
Trade receivables40€275k€244k▼
Other amounts receivable41€465k€456k▼
Cash at bank and in hand54/58€297k€374k▲
Deferred charges and accrued income490/1€0€742▲
Equity and liabilities
Total equity and liabilities10/49€3.43M€2.91M▼
Equity10/15€2.99M€2.48M▼
Contributions10/11€1.17M€1.17M=
Reserves13€293k€293k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€19k€19k=
Distributable reserves133€274k€274k=
Profit (loss) carried forward14€1.53M€1.02M▼
Amounts payable17/49€431k€432k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Credit institutions173€0-
Amounts payable within one year42/48€431k€432k▲
Current portion of amounts payable after more than one year42€10k€0▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€129k€158k▲
Suppliers440/4€129k€158k▲
Advances received on contracts in progress46€37k€0▼
Taxes, remuneration and social security45€125k€144k▲
Taxes450/3€48k€53k▲
Remuneration and social security454/9€77k€91k▲
Other amounts payable47/48€130k€130k=
Income statement
Code20232024
Operating income70/76A€10.94M-
Turnover70€10.91M-
Other operating income74€29k-
Non-recurring operating income76A€0€200▲
Operating charges60/66A€11.07M-
Goods for resale, raw materials and consumables60€9.50M-
Purchases600/8€9.10M-
Change in stocks: decrease (increase)609€396k-
Services and other goods61€744k-
Remuneration, social security and pensions62€553k€627k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€91k€88k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€136k€75k▼
Other operating charges640/8€45k€25k▼
Non-recurring operating charges66A€0-
Gross operating margin9900-€302k
Operating profit (loss)9901€-122k€-513k▼
Financial income75/76B€40k€2k▼
Recurring financial income75€40k€2k▼
Income from financial fixed assets750€38k-
Other financial income752/9€2k-
Financial charges65/66B€45k€3k▼
Recurring financial charges65€45k€3k▼
Debt charges650€41k-
Other financial charges652/9€3k-
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€-127k€-514k▼
Income taxes67/77€1k€946▼
Taxes670/3€1k-
Profit (loss) for the period9904€-128k€-515k▼
Profit (loss) for the period to be appropriated9905€-128k€-515k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.53M€1.02M▼
Profit (loss) brought forward from the previous period14P€1.66M€1.53M▼
Social balance
Average headcount (FTE)90879.610.8▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-515k
Net result drops to €-515k, the lowest in the series.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 5.41
Current ratio from 1.80 to 5.41; short-term debt falls from €2.46M to €431k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €512k
Net result €512k after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 32 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ieper · 1 establishment unit since 2003
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.
Steverlyncklaan 188900 IeperGround area
4,947 m²
Building footprint
3,504 m²
Volume, LiDAR
22,343 m³
Parcel 33011C0134/00R003, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vanhulle-Ieper
since 20032.135.202.897
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33011C0134/00R003 | Flanders | 4,947 m² | 1 · 3,504 m² | 9.2 m · 2 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
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ESSAL
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ATELIERS MARCEL LAMBERT
BE 0874.140.046
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AUTOHANDEL SNEPPE
BE 0878.844.744
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Of 2,128 companies in sector 46711 we hold annual accounts for 1,126. 431 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
Founded25-08-2003
Fiscal year end31-12
Activities, NACEBEL 2025
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.