Active BE 0770.795.454Private limited company

VYHO

Ichtegemstraat 109 ·8680 Koekelare, Belgium· 5 yrs active

Sector: Joinery (43320)

Conclusion Checked

The computed 12-month bankruptcy probability of VYHO is 2.5% (moderate). The 2024 annual accounts show equity of €51k and a net result of €10k. Equity is growing by ~37.9% per year across the filed fiscal years. Its solvency ranks better than 20% of 11070 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€51k
Net result	€10k
Staff (FTE)	0.7
Better than sector	20%

Snowflake analysis 5 axes · computed by Checked

64 / 100

Strong profile, led by stability.

Health 71

Profitability 62

Solvency 24

Growth 68

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

2.5% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2024 · computed

71 / 100 Healthy

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 08-10-2025 with the NBB · fiscal year 2024 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~37.9%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	14.7%	40.9%	better than 20% of 11070 sector peers
Net result	€10k	€11k	better than 46% of 11052 sector peers
Equity	€51k	€34k	better than 63% of 11073 sector peers
Gross operating margin	€108k	€35k	better than 84% of 11043 sector peers
Staff costs	€25k	€25k	higher than 50% of 4029 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€665k

+44.2% 22-24

EBITDA

€82k

+0.2% far above sector median

Net profit

€10k

-55.9% -45% vs sector

Cash flow

€69k

-7.6% far above sector median

Total assets

€345k

-9.7% +67% vs sector

Equity

€51k

+23.2% -48% vs sector

Working capital

€17k

+100.8% -86% vs sector

Employees (FTE)

1

- -94% vs sector

Staff costs

€25k

- -96% vs sector

Income taxes

€2k

- -85% vs sector

Debt

€294k

-13.7% +172% vs sector

Debt ≤ 1y

€125k

+1.7% +284% vs sector

Debt > 1y

€169k

-22.4% far above sector median

Current ratio

1.13

+6.2% -78% vs sector

Quick ratio

0.74

+23.2% -86% vs sector

Solvency

14.7%

+36.5% -75% vs sector

Debt / equity

5.79

-30.0% far above sector median

ROE

18.8%

-64.2% ≈ vs sector

ROA

2.8%

-51.1% -69% vs sector

Net margin

1.4%

-69.4% 22-24

EBITDA margin

12.3%

-30.5% 22-24

Interest coverage

7.84

-38.0% -54% vs sector

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Revenue	€665k
EBITDA	€82k
Net profit	€10k
Cash flow	€69k
Staff costs	€25k
Income taxes	€2k
Dividends	-
Total assets	€345k
Equity	€51k
Debt	€294k
of which ≤ 1y	€125k
of which > 1y	€169k
Working capital	€17k
Employees (FTE)	0.7

Ratios (computed)

	2024
Current ratio	1.13
Quick ratio	0.74
Working capital ratio	4.9%
Solvency	14.7%
Debt / equity	5.79
Long-term debt ratio	3.32
Interest coverage	7.84
Gross margin	16.2%
Net margin	1.4%
ROA	2.8%
ROE	18.8%
EBITDA margin	12.3%
Days sales outstanding	34d
Days payable outstanding	49d
Inventory turnover	11.28
Days inventory (DSI)	32d

Balance-sheet composition 2024

Assets

Fixed assets €203k · 58.8% Current assets €142k · 41.2%

Equity & liabilities

Equity €51k · 14.7% Debt €294k · 85.3%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€345k
Fixed assets	21/28	€203k
Formation expenses	20	€240
Tangible fixed assets	22/27	€200k
Financial fixed assets	28	€2k
Current assets	29/58	€142k
Stocks & contracts in progress	3	€49k
Amounts receivable within one year	40/41	€89k
Cash & bank	54/58	€4
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€345k
Equity	10/15	€51k
Contributions / capital	10/11	€2k
Reserves	13	€48k
Accumulated profits (losses)	14	€790
Amounts payable	17/49	€294k
Amounts payable after one year	17	€169k
Amounts payable within one year	42/48	€125k
Trade debts payable within one year	44	€75k
Income statement
Turnover	70	€665k
Gross operating margin	9900	€108k
Operating result	9901	€22k
Financial income	75	€13
Financial charges	65	€10k
Result before taxes	9903	€11k
Income taxes	67/77	€2k
Net result for the period	9904	€10k
Result to be appropriated	9905	€10k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Joinery(43320)
Legal form	Private limited company(610)
Incorporation	06-07-2021
Status	Active
Postal code	8680

Establishment units 1 location

VYHO

Ichtegemstraat 109, 8680 KoekelareAanbrengen in gebouwen en andere bouwwerken van : - thermische isolatiemateriaal - isolatiemateriaal tegen geluid en trillingen

since 20212.319.138.851

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
32010C1019/00R000	Flanders	2,036 m²	1 · 163 m²	9.2 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

08-10-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

18-04-2025

State Gazette act Director changes

2024

30-08-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

2023

31-08-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 1 year ago

2025

18-04-2025 Change in the board of directors Director changes

Original publication ↗

Technical details

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Company registry (CBE) Crossroads Bank

Activities

Schrijnwerk43320Schrijnwerk43320Algemene bouw van residentiële gebouwen41001Algemene bouw van andere niet-residentiële gebouwen41003Algemene bouw van residentiële gebouwen41201Algemene bouw van andere niet-residentiële gebouwen41203Loodgieterswerk43221Sanitaire werkzaamheden43221Installatie van isolatie43230Isolatiewerkzaamheden43291Groothandel in andere machines en werktuigen, neg46649Groothandel in andere machines en werktuigen, n.e.g.46699

Primary activity highlighted.

Names & trade names

Legal nameNL

VYHO

Registered office

Ichtegemstraat 109

8680 Koekelare, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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