Vanthuyne
ActiveVanthuyne has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €222k and a net result of €35k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 34% of 170 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2026
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability76▼-2
Solvency62=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 3.06 against 1.85 in 2025; short-term debt: 16.9% and cash: 22.4% of total assets), but 62.5% 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
37.5%
Return on assets
5.9%
Age of the figures
6 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 14-09-2026, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
47 d early
2025
38 d early
2024
37 d early
2023
41 d early
2022
33 d early
2021
33 d early
2020
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, micro schema
Equity
€222k▲ 18.7%
2025 · €187k
2019: €74k
2020: €89k
2021: €104k
2022: €112k
2023: €137k
2024: €150k
2025: €187k
2019 → 2026
Total assets
€593k▲ 17.3%
2025 · €506k
2019: €357k
2020: €357k
2021: €395k
2022: €376k
2023: €362k
2024: €412k
2025: €506k
2019 → 2026
Net result
€35k▼ 5.5%
2025 · €37k
2019: €19k
2020: €15k
2021: €15k
2022: €8k
2023: €25k
2024: €13k
2025: €37k
2019 → 2026
Working capital
€206k▲ 110%
2025 · €98k
2019: €65k
2020: €63k
2021: €41k
2022: €40k
2023: €43k
2024: €72k
2025: €98k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€112k-€137k▲ 22.1%€150k▲ 9.8%€187k▲ 24.6%€222k▲ 18.7%
Operating result€15k-€38k▲ 145%€24k▼ 36.9%€57k▲ 143%€54k▼ 6.0%
Net result€8k-€25k▲ 202%€13k▼ 46.0%€37k▲ 177%€35k▼ 5.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 6% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €593k
Fixed assets
€287k▼ 1.6%
Current assets
€306k▲ 43.1%
Equity and liabilities €593k
Equity
€222k▲ 18.7%
Debt
€371k▲ 16.5%
The debt ratio falls from 63.0% to 62.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€103k▲
2025 · €99k
Cash flow
€84k▲
2025 · €78k
Solvency
37.5%▲
2025 · 37.0%
Current ratio
3.06▲
2025 · 1.85
Quick ratio
2.37▲
2025 · 1.67
Debt / equity
1.67▼
2025 · 1.70
ROE
15.7%▼
2025 · 19.8%
ROA
5.9%▼
2025 · 7.3%
Interest coverage
17.20▲
2025 · 15.67
Debt
€371k▲
2025 · €319k
Debt ≤ 1 year
€100k▼
2025 · €116k
Debt > 1 year
€271k▲
2025 · €203k
Income taxes
€13k▼
2025 · €14k
Staff costs
€123k▲
2025 · €116k
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€506k€593k▲
Fixed assets21/28€292k€287k▼
Tangible fixed assets22/27€292k€287k▼
Land and buildings22€202k€191k▼
Plant, machinery and equipment23€14k€30k▲
Furniture and vehicles24€76k€66k▼
Current assets29/58€214k€306k▲
Stocks and contracts in progress3€20k€69k▲
Stocks30/36€20k€69k▲
Amounts receivable within one year40/41€127k€89k▼
Trade receivables40€125k€89k▼
Other amounts receivable41€1k€681▼
Cash at bank and in hand54/58€60k€133k▲
Deferred charges and accrued income490/1€7k€15k▲
Equity and liabilities
Total equity and liabilities10/49€506k€593k▲
Equity10/15€187k€222k▲
Contributions10/11€6k€6k=
Reserves13€69k€103k▲
Distributable reserves133€69k€103k▲
Profit (loss) carried forward14€112k€113k▲
Amounts payable17/49€319k€371k▲
Amounts payable after more than one year17€203k€271k▲
Financial debts170/4€203k€271k▲
Amounts payable within one year42/48€116k€100k▼
Current portion of amounts payable after more than one year42€31k€32k▲
Trade debts44€23k€4k▼
Suppliers440/4€23k€4k▼
Taxes, remuneration and social security45€36k€40k▲
Taxes450/3€36k€39k▲
Remuneration and social security454/9-€1k
Other amounts payable47/48€26k€25k▼
Income statement
Code20252026
Non-recurring operating income76A€9k€474▼
Remuneration, social security and pensions62€116k€123k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€49k▲
Other operating charges640/8€7k€11k▲
Gross operating margin9900€222k€237k▲
Operating profit (loss)9901€57k€54k▼
Financial income75/76B€180€270▲
Recurring financial income75€180€270▲
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€51k€48k▼
Income taxes67/77€14k€13k▼
Profit (loss) for the period9904€37k€35k▼
Profit (loss) for the period to be appropriated9905€37k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€147k€147k=
Profit (loss) brought forward from the previous period14P€110k€112k▲
Transfer to equity691/2€35k€34k▼
To other reserves6921€35k€34k▼
The notes to these accounts (8 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 2027, expected by
2026
14-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Equity above €200kEq €222k ▲18.7%
8 profitable years in a row build equity to €222k.
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €37k ▲177%
Operating result €57k, net result €37k, both a record.
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Equity above €150kEq €150k ▲9.8%
6 profitable years in a row build equity to €150k.
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet €8k ▼43.8%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Equity above €100kEq €104k ▲16.4%
3 profitable years in a row build equity to €104k.
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Houthulst · 1 establishment unit since 2014
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.
Nijverheidsstraat 2A8650 HouthulstGround area
1,592 m²
Parcel 32006D0113/00B004, Flanders. Linked by address, not a title deed.
1 establishment unit
zaal De Schriewerkerie
since 20142.229.117.507
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32006D0113/00B004 | Flanders | 1,592 m² | - | - |
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
SCHRIJNWERKERIJ DEVOS-TANGHE
BE 0831.546.752
Deinze · Eq €222k
ENTREPRISE GENERALE P&G DUPUIS
BE 0449.435.741
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A.S.C. Projects
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HAZER
BE 0754.621.495
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LEVA PARQUETS
BE 0432.652.860
Vorst · Eq €223k
Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 7,299 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-03-2014
Fiscal year end31-03
Activities, NACEBEL
43320Joinery installation
46643Wholesale of electrical equipment, including installation materials
16110Sawmilling and planing of wood
16230Manufacture of other builders' carpentry and joinery
16281Manufacture of other wood products
43211General electrical installation work
43213Specialised construction activities
43332Laying of wooden floor and wall coverings
46180Agents specialised in the wholesale of other particular products
46832Wholesale of timber
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.