VH Auctions
ActiveVH Auctions has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.30M and a net result of €1.73M. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 92% of 10252 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 5.87 against 7.21 in 2024; short-term debt: 14.3% and cash: 77.8% of total assets), and 14.3% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
85.7%
Return on assets
114.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
31 d early
2024
143 d early
2023
154 d early
2022
166 d early
2021
158 d early
2020
109 d early
2019
121 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.30M▲ 6.9%
2024 · €1.22M
2019: €92k
2020: €200k
2021: €725k
2022: €1.36M
2023: €1.41M
2024: €1.22M
2019 → 2025
Total assets
€1.52M▲ 10.5%
2024 · €1.38M
2019: €181k
2020: €276k
2021: €821k
2022: €1.45M
2023: €1.53M
2024: €1.38M
2019 → 2025
Net result
€1.73M▲ 90.0%
2024 · €913k
2019: €73k
2020: €108k
2021: €525k
2022: €962k
2023: €806k
2024: €913k
2019 → 2025
Working capital
€1.06M▲ 8.6%
2024 · €974k
2019: €35k
2020: €122k
2021: €662k
2022: €1.23M
2023: €1.21M
2024: €974k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€725k-€1.36M▲ 87.8%€1.41M▲ 3.3%€1.22M▼ 13.3%€1.30M▲ 6.9%
Operating result€693k-€1.28M▲ 83.9%€1.09M▼ 14.5%€1.24M▲ 13.5%€2.33M▲ 88.4%
Net result€525k-€962k▲ 83.1%€806k▼ 16.2%€913k▲ 13.2%€1.73M▲ 90.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 88% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.52M
Fixed assets
€246k▲ 0.3%
Current assets
€1.27M▲ 12.7%
Equity and liabilities €1.52M
Equity
€1.30M▲ 6.9%
Debt
€217k▲ 38.3%
The debt ratio rises from 11.4% to 14.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.42M▲
2024 · €1.32M
Cash flow
€1.83M▲
2024 · €994k
Solvency
85.7%▼
2024 · 88.6%
Current ratio
5.87▼
2024 · 7.21
Quick ratio
5.87▼
2024 · 7.21
Debt / equity
0.17▲
2024 · 0.13
ROE
133.1%▲
2024 · 74.9%
ROA
114.1%▲
2024 · 66.3%
Interest coverage
6365.36▲
2024 · 1272.83
Debt
€217k▲
2024 · €157k
Debt ≤ 1 year
€217k▲
2024 · €157k
Income taxes
€597k▲
2024 · €321k
Staff costs
€988k▲
2024 · €793k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.38M€1.52M▲
Fixed assets21/28€245k€246k▲
Tangible fixed assets22/27€245k€245k▲
Plant, machinery and equipment23€26k€62k▲
Furniture and vehicles24€219k€184k▼
Financial fixed assets28€516€516=
Current assets29/58€1.13M€1.27M▲
Amounts receivable within one year40/41€47k€55k▲
Trade receivables40€33k€27k▼
Other amounts receivable41€14k€28k▲
Cash at bank and in hand54/58€1.06M€1.18M▲
Deferred charges and accrued income490/1€28k€36k▲
Equity and liabilities
Total equity and liabilities10/49€1.38M€1.52M▲
Equity10/15€1.22M€1.30M▲
Contributions10/11€19k€19k=
Reserves13€1.20M€1.28M▲
Distributable reserves133€1.20M€1.28M▲
Amounts payable17/49€157k€217k▲
Amounts payable within one year42/48€157k€217k▲
Trade debts44€40k€17k▼
Suppliers440/4€40k€17k▼
Advances received on contracts in progress46€2k-
Taxes, remuneration and social security45€114k€200k▲
Taxes450/3€32k€88k▲
Remuneration and social security454/9€82k€112k▲
Income statement
Code20242025
Remuneration, social security and pensions62€793k€988k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€81k€92k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€23k€31k▲
Other operating charges640/8€7k€9k▲
Non-recurring operating charges66A€445-
Gross operating margin9900€2.14M€3.45M▲
Operating profit (loss)9901€1.24M€2.33M▲
Financial income75/76B€10k€11k▲
Recurring financial income75€10k€11k▲
Financial charges65/66B€14k€14k▼
Recurring financial charges65€1k€381▼
Non-recurring financial charges66B€13k€13k▲
Profit (loss) for the period before taxes9903€1.23M€2.33M▲
Income taxes67/77€321k€597k▲
Profit (loss) for the period9904€913k€1.73M▲
Profit (loss) for the period to be appropriated9905€913k€1.73M▲
Appropriation of the result
Profit (loss) to be appropriated9906€913k€1.73M▲
Transfer from equity791/2€1.10M€1.65M▲
Transfer to equity691/2€913k€1.73M▲
To other reserves6921€913k€1.73M▲
Profit to be distributed694/7€1.10M€1.65M▲
Return on contributions (dividend)694€1.10M€1.65M▲
Social balance
Average headcount (FTE)908715.415.2▼
The notes to these accounts (10 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
State Gazette act
Capital & shares · Resignations & appointmentsGeneral meeting · Director resignation · Director appointment12 facts ▸
State Gazette act
Capital & shares · Resignations & appointments
General meeting · Director resignation · Director appointment12 facts ▸
- General meeting, 17/03/2026
- Director resignation, Sven Van Hunsel (bestuurder)
- Director appointment, Estela Holding SAS (bestuurder)
- Permanent representative, Olivier de la Chaise
- Mandate compensation, Estela Holding SAS
- Power of attorney, Four and Five Law BV
- Board meeting, 17/03/2026
- Director appointment, VH Management SRL (gedelegeerde tot het dagelijks bestuur)
- Permanent representative, Sven Van Hunsel
- Power of attorney, VH Management SRL
- Power of attorney, Kurt Van Hunsel
- Power of attorney, Four and Five Law BV
2025
31-12
Financial
Highest result since 2019net €1.73M ▲90%
Operating result €2.33M, net result €1.73M, both a record.
10-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €1MEq €1.36M ▲87.8%
4 profitable years in a row build equity to €1.36M.
23-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 7.89
Current ratio from 2.61 to 7.89.
31-12
Financial
Equity above €500kEq €725k ▲263%
3 profitable years in a row build equity to €725k.
13-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €200k ▲117%
2 profitable years in a row build equity to €200k.
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2026
Estela Holding SAS
CurrentDirector · since 17-03-2026 · Legal entity · perm. rep.: Olivier de la Chaise
VH Management
CurrentGedelegeerde tot het dagelijks bestuur · since 17-03-2026 · Private limited company · perm. rep.: Sven Van Hunsel
17-03-2026
Estela Holding SAS: Appointed as Director
17-03-2026
VH Management: Appointed as Gedelegeerde tot het dagelijks bestuur
17-03-2026
Van hunsel Sven: Resigned as Director
Location & real-estate footprint
Registered office, Zele · 1 establishment unit since 2019
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.
Wijnveld 59240 ZeleGround area
3,910 m²
Building footprint
1,784 m²
Parcel 42028A1514/00C000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
VH Auctions
since 20192.286.092.535
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028A1514/00C000 | Flanders | 3,910 m² | 1 · 1,784 m² | 0.1 m |
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
Web Trading Services
BE 0541.854.371
Herstal · Eq €1.31M
ED. VAN DE VIJVER
BE 0411.660.575
Knokke-Heist · Eq €1.32M
DE RIECK ZELE
BE 0441.031.482
Zele · Eq €1.29M
INDUSTRIE- EN SNUFFELMARKT
BE 0424.161.697
Halen · Eq €1.29M
M-B-H
BE 0882.552.619
Habay · Eq €1.28M
Of 12,979 companies in sector 47120 we hold annual accounts for 2,186. 779 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-02-2019
Fiscal year end31-12
Activities, NACEBEL
47120Other non-specialised retail sale
47910Retail trade
47920Retail trade
47990Retail trade
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.