VYHO
ActiveThe computed 12-month bankruptcy probability of VYHO is 2.1% (moderate). The 2025 annual accounts show equity of €71k and a net result of €21k. Equity is growing by ~35.8% per year across the filed fiscal years. Its solvency ranks better than 22% of 27711 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+6
Solvency46▲+6
Growth85▲+17
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.13 in 2024; short-term debt: 42% and cash: 1% of total assets), and 79.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
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 2025Solvency, return and age of the figures
Solvency
20.8%
Return on assets
6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 27711 sector peers (2025).
NBB · sector comparisonPosition among 27711 sector peers
Solvency
better than 22%
← weakest
strongest →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
25 d early
2024
69 d late
2023
30 d late
2022
31 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€656k▼ 1.4%
2024 · €665k
2022: €301k
2023: €461k
2024: €665k
2022 → 2025
EBIT margin
5.5%▲ 2.2pp
2024 · 3.3%
2022: 6.3%
2023: 6.1%
2024: 3.3%
2022 → 2025
Net result
€21k▲ 116%
2024 · €10k
2022: €18k
2023: €22k
2024: €10k
2022 → 2025
Working capital
€57k▲ 237%
2024 · €17k
2022: €-31k
2023: €8k
2024: €17k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€301k-€461k▲ 53.1%€665k▲ 44.2%€656k▼ 1.4%
Equity€20k-€41k▲ 111%€51k▲ 23.2%€71k▲ 40.7%
Operating result€19k-€28k▲ 47.5%€22k▼ 22.5%€36k▲ 65.4%
Net result€18k-€22k▲ 23.7%€10k▼ 55.9%€21k▲ 116%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 65% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €344k
Fixed assets
€143k▼ 29.6%
Current assets
€201k▲ 41.9%
Equity and liabilities €344k
Equity
€71k▲ 40.7%
Debt
€273k▼ 7.3%
The debt ratio falls from 85.3% to 79.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€97k▲
2024 · €82k
Cash flow
€82k▲
2024 · €69k
Solvency
20.8%▲
2024 · 14.7%
Current ratio
1.39▲
2024 · 1.13
Quick ratio
0.95▲
2024 · 0.74
Debt / equity
3.81▼
2024 · 5.79
ROE
28.9%▲
2024 · 18.8%
ROA
6.0%▲
2024 · 2.8%
Interest coverage
11.13▲
2024 · 7.84
Debt
€273k▼
2024 · €294k
Debt ≤ 1 year
€144k▲
2024 · €125k
Debt > 1 year
€128k▼
2024 · €169k
Income taxes
€7k▲
2024 · €2k
Staff costs
€44k▲
2024 · €25k
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€345k€344k▼
Formation expenses20€240€80▼
Fixed assets21/28€203k€143k▼
Tangible fixed assets22/27€200k€140k▼
Plant, machinery and equipment23€187k€131k▼
Furniture and vehicles24€11k€8k▼
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€2k€2k=
Current assets29/58€142k€201k▲
Stocks and contracts in progress3€49k€63k▲
Stocks30/36€33k€38k▲
Contracts in progress37€16k€25k▲
Amounts receivable within one year40/41€89k€131k▲
Trade receivables40€61k€115k▲
Other amounts receivable41€27k€16k▼
Cash at bank and in hand54/58€4€3k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€345k€344k▼
Equity10/15€51k€71k▲
Contributions10/11€2k€2k=
Reserves13€48k€69k▲
Distributable reserves133€48k€69k▲
Profit (loss) carried forward14€790€448▼
Amounts payable17/49€294k€273k▼
Amounts payable after more than one year17€169k€128k▼
Financial debts170/4€116k€86k▼
Other amounts payable178/9€53k€42k▼
Amounts payable within one year42/48€125k€144k▲
Current portion of amounts payable after more than one year42€29k€30k▲
Financial debts43€13k€41k▲
Credit institutions430/8€13k€41k▲
Trade debts44€75k€52k▼
Suppliers440/4€75k€52k▼
Taxes, remuneration and social security45€8k€22k▲
Taxes450/3€2k€9k▲
Remuneration and social security454/9€6k€12k▲
Income statement
Code20242025
Turnover70€665k€656k▼
Goods, raw materials, services and sundry goods60/61€558k€513k▼
Remuneration, social security and pensions62€25k€44k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€61k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k
Other operating charges640/8€1k€209▼
Gross operating margin9900€108k€143k▲
Operating profit (loss)9901€22k€36k▲
Financial income75/76B€13€51▲
Recurring financial income75€13€51▲
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€11k€27k▲
Income taxes67/77€2k€7k▲
Profit (loss) for the period9904€10k€21k▲
Profit (loss) for the period to be appropriated9905€10k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€21k▲
Profit (loss) brought forward from the previous period14P€219€790▲
Transfer to equity691/2€9k€21k▲
To other reserves6921€9k€21k▲
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 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
31-12
Financial
Weakest financial yearnet €10k ▼55.9%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2022net €22k ▲23.7%
Net result €22k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
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, Koekelare · 1 establishment unit since 2021
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.
Ichtegemstraat 1098680 KoekelareGround area
2,036 m²
Building footprint
163 m²
Volume, LiDAR
691 m³
Parcel 32010C1019/00R000, Flanders · tallest building 9.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VYHO
since 20212.319.138.851
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32010C1019/00R000 | Flanders | 2,036 m² | 1 · 163 m² | 9.2 m · 1 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
FLOR SOL
BE 0786.421.560
Anderlecht · Eq €71k
LIMAT
BE 0426.353.897
Kapellen · Eq €71k
Van Erdeghem
BE 0684.774.171
Hamme (Vl.) · Eq €72k
KY BUILD
BE 0737.654.217
Tienen · Eq €71k
ANCIENS ETABLISSEMENTS GRIGNARD
BE 0722.742.248
Gembloux · Eq €71k
Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 7,638 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-07-2021
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
41001General construction of residential buildings
41003General construction of other non-residential buildings
43221Plumbing work
43230Insulation installation
43291Specialised construction activities
46649Wholesale of other machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.