VANHULLEBUS KRIS
ActiveSummary
VANHULLEBUS KRIS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €144k and a net result of €14k. Equity is shrinking by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 20% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+2
Solvency45▼-9
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.19 in 2024; short-term debt: 41.4% and cash: 4.7% of total assets), and 80.3% 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 43
Relative position
BE, all sectors
reference
Sector 43
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 2025Solvency, return and age of the figures
Solvency
19.7%
Return on assets
1.9%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 7777 sector peers (2025).
NBB · sector comparisonPosition among 7777 sector peers
Solvency
better than 20%
← weakest
strongest →
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 €144k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-02-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
on the day
2023
on the day
2022
2 d early
2021
32 d early
2020
30 d early
2019
13 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€144k▲ 10.8%
2024 · €130k
2018: €271k
2019: €282k
2020: €285k
2021: €273k
2022: €83k
2023: €130k
2024: €130k
2018 → 2025
Total assets
€728k▲ 61.5%
2024 · €451k
2018: €584k
2019: €563k
2020: €611k
2021: €473k
2022: €293k
2023: €279k
2024: €451k
2018 → 2025
Net result
€14k
2024 · €-805
2018: €5k
2019: €11k
2020: €3k
2021: €-12k
2022: €-190k
2023: €47k
2024: €-805
2018 → 2025
Working capital
€7k▼ 86.5%
2024 · €55k
2018: €174k
2019: €165k
2020: €172k
2021: €200k
2022: €16k
2023: €60k
2024: €55k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€273k-€83k▼ 69.7%€130k▲ 57.1%€130k▼ 0.6%€144k▲ 10.8%
Operating result€-7k-€-189k▼ 2,688%€51k€3k▼ 94.9%€26k▲ 898%
Net result€-12k-€-190k▼ 1,549%€47k€-805€14k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 898% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €728k
Fixed assets
€419k ▲ 295%
Current assets
€309k ▼ 10.4%
Equity and liabilities €728k
Equity
€144k ▲ 10.8%
Debt
€584k ▲ 82.0%
Debt's share of the balance-sheet total rises from 71.3% to 80.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€86k▲
2024 · €48k
Cash flow
€74k▲
2024 · €44k
Current ratio
1.02▼
2024 · 1.19
Quick ratio
0.83▼
2024 · 0.99
Debt to equity
4.07▲
2024 · 2.48
ROE
9.7%▲
2024 · -0.6%
ROA
1.9%▲
2024 · -0.2%
Interest coverage
6.78▼
2024 · 13.08
Debt ≤ 1 year
€302k▲
2024 · €290k
Debt > 1 year
€283k▲
2024 · €32k
Staff costs
€212k▲
2024 · €191k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€451k€728k▲
Fixed assets21/28€106k€419k▲
Tangible fixed assets22/27€106k€419k▲
Plant, machinery and equipment23€51k€44k▼
Furniture and vehicles24€55k€91k▲
Leasing and similar rights25-€284k
Current assets29/58€345k€309k▼
Stocks and contracts in progress3€58k€60k▲
Stocks30/36€58k€60k▲
Amounts receivable within one year40/41€284k€191k▼
Trade receivables40€246k€150k▼
Other amounts receivable41€37k€41k▲
Cash at bank and in hand54/58€0€34k▲
Deferred charges and accrued income490/1€3k€24k▲
Equity and liabilities
Total equity and liabilities10/49€451k€728k▲
Equity10/15€130k€144k▲
Contributions10/11€19k€19k=
Reserves13€111k€125k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€109k€123k▲
Amounts payable17/49€321k€584k▲
Amounts payable after more than one year17€32k€283k▲
Financial debts170/4€32k€283k▲
Amounts payable within one year42/48€290k€302k▲
Current portion of amounts payable after more than one year42€28k€62k▲
Financial debts43€10k€181▼
Credit institutions430/8€10k€181▼
Trade debts44€209k€191k▼
Suppliers440/4€209k€191k▼
Advances received on contracts in progress46€4k€0▼
Taxes, remuneration and social security45€10k€23k▲
Taxes450/3€502€3k▲
Remuneration and social security454/9€10k€19k▲
Other amounts payable47/48€28k€26k▼
Income statement
Code20242025
Remuneration, social security and pensions62€191k€212k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€60k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€242k€302k▲
Operating profit (loss)9901€3k€26k▲
Financial income75/76B€260€887▲
Recurring financial income75€260€887▲
Financial charges65/66B€4k€13k▲
Recurring financial charges65€4k€13k▲
Profit (loss) for the period before taxes9903€-805€14k▲
Profit (loss) for the period9904€-805€14k▲
Profit (loss) for the period to be appropriated9905€-805€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-805€14k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€805€0▼
Transfer to equity691/2-€14k
To other reserves6921-€14k
Social balance
Average headcount (FTE)90873.63.3▼
The notes to these accounts (17 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
24-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €47k
Net result €47k after 2 loss-making years.
30-09
Financial
Equity above €100kEq €130k ▲57.1%
Equity rises from €83k to €130k.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €-190k
Net result drops to €-190k, the lowest in the series; recovery starts the following year.
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-04
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.
Directors · office · real estate
Directors
4 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, Knokke-Heist · 1 establishment unit since 1990
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.
Keuvelhoekstraat 278300 Knokke-HeistGround area
1,832 m²
Building footprint
436 m²
Volume, LiDAR
2,403 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VANHULLEBUS KRIS
since 19902.047.409.385
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31021G0373/00H000 | Flanders | 1,002 m² | 1 · 247 m² | 8.9 m · 2 fl. |
| 31333H0533/00E002 | Flanders | 829 m² | 1 · 190 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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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STUBBE NICO CONSTRUCT
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ENTREPRISES GILBERT PETIT
BE 0430.252.111
Sivry-Rance · Eq €143,244
ENTREPRISES RINCHARD
BE 0439.546.194
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De Feyter
BE 0787.934.463
Erpe-Mere · Eq €143,067
Of 8,455 companies in sector 43120 we hold annual accounts for 3,233. 2,651 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
Founded20-12-1989
Fiscal year end30-09
Activities, NACEBEL 2025
43120Site preparation
43990Other specialised construction activities
42110Construction of roads and motorways
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.