ACTIVE

VANHEE CONSTRUCT

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Financial year 2025 · closed on 30/09/2025

Net result

-33,6 k €

+54.9% YoY

Gross margin

72,9 k €

+638.4% YoY

Equity

550,1 k €

-5.8% YoY

Workforce

0,0 ETP

What does VANHEE CONSTRUCT do?

VANHEE CONSTRUCT is a Public limited company incorporated in 1999. Its registered office is in Jabbeke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0467.150.317

Incorporation

26/10/1999

Legal form

Public limited company

Registered office

Vaartdijk-Zuid 4
8490 Jabbeke · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

30/09/2025

Average workforce

0,0 ETP

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	72,9 k €	+638%	9,9 k €	-92.6%	134,2 k €	+141%	55,7 k €	-84.7%	365,2 k €	+145%	149,3 k €	-22.3%	192,2 k €	-34.3%	292,5 k €	+32.5%	220,8 k €	-1.4%	223,9 k €	-25.5%	300,6 k €	-21.6%	383,3 k €	-12.2%	436,5 k €	+68.1%	259,7 k €	-7.6%	281,2 k €	+66.2%	169,2 k €	-43.4%	298,7 k €	+163%	113,5 k €	+12.5%	100,9 k €
EBITDA	5,9 k €	+110%	-57,6 k €	-184%	68,9 k €	+988%	-7,8 k €	-103%	257,7 k €	+305%	63,7 k €	-21.0%	80,6 k €	-44.3%	144,8 k €	+141%	60,0 k €	+4101%	-1,5 k €	-101%	123,1 k €	-44.3%	221,0 k €	-2.8%	227,4 k €	+112%	107,1 k €	-16.4%	128,0 k €	+114%	59,8 k €	-37.4%	95,4 k €	+113%	44,9 k €	+1.4%	44,2 k €
Operating result	-33,8 k €	+56.8%	-78,3 k €	-248%	52,8 k €	+277%	-29,9 k €	-115%	204,8 k €	+1825%	10,6 k €	+52.9%	7,0 k €	-93.5%	107,7 k €	+669%	14,0 k €	+121%	-67,9 k €	-377%	24,5 k €	-85.4%	167,2 k €	+7.9%	155,0 k €	+592%	22,4 k €	+1451%	1,4 k €	+116%	-9,0 k €	-157%	15,8 k €	+23.3%	12,8 k €	-59.4%	31,5 k €
Net result	-33,6 k €	+54.9%	-74,6 k €	-272%	43,4 k €	+267%	-26,0 k €	-120%	130,2 k €	+2107%	5,9 k €	+72.0%	3,4 k €	-94.8%	66,5 k €	+968%	6,2 k €	+305%	1,5 k €	-98.5%	100,7 k €	-5.6%	106,7 k €	-2.6%	109,5 k €	+1798%	5,8 k €	-10.5%	6,4 k €	-41.0%	10,9 k €	+165%	4,1 k €	-77.3%	18,2 k €	-20.1%	22,8 k €
Balance sheet
Equity	550,1 k €	-5.8%	583,7 k €	-20.5%	734,2 k €	+6.3%	690,7 k €	-2.1%	705,2 k €	+22.6%	575,0 k €	+1.0%	569,1 k €	+0.6%	565,7 k €	+13.3%	499,2 k €	+1.3%	493,0 k €	+0.3%	491,4 k €	+25.8%	390,7 k €	+37.6%	284,1 k €	+62.7%	174,6 k €	+3.4%	168,8 k €	+4.0%	162,4 k €	+7.2%	151,4 k €	+2.8%	147,3 k €	+26.3%	116,7 k €
Total assets	938,3 k €	+14.1%	822,3 k €	-12.3%	937,7 k €	+3.2%	909,0 k €	-24.8%	1,2 M €	+11.0%	1,1 M €	+35.0%	807,0 k €	+1.9%	791,7 k €	+3.5%	764,6 k €	-2.8%	786,3 k €	-15.8%	934,3 k €	+1.7%	918,3 k €	-15.5%	1,1 M €	+27.3%	854,5 k €	-3.6%	886,1 k €	+16.7%	759,3 k €	+19.6%	634,7 k €	+14.0%	556,7 k €	+170%	206,3 k €
Cash	66,5 k €	-43.6%	117,9 k €	+75.4%	67,2 k €	-50.0%	134,4 k €	-25.3%	179,9 k €	+2002%	8,6 k €	-88.3%	73,1 k €	-83.6%	444,9 k €	+609%	62,7 k €	-3.4%	64,9 k €	-53.6%	139,8 k €	+47.9%	94,6 k €	-32.2%	139,5 k €	+208%	45,4 k €	-66.9%	137,1 k €	+585%	20,0 k €	-73.8%	76,4 k €	-5.1%	80,5 k €	+283%	21,0 k €
Debts	387,8 k €	+63.0%	237,9 k €	+17.4%	202,6 k €	-7.0%	217,8 k €	-56.7%	503,6 k €	-2.0%	514,1 k €	+117%	237,2 k €	+5.0%	225,9 k €	-11.1%	254,1 k €	-5.7%	269,3 k €	-24.8%	358,0 k €	-19.5%	444,6 k €	-27.6%	613,8 k €	+36.3%	450,5 k €	-7.1%	485,0 k €	+27.4%	380,7 k €	+39.6%	272,8 k €	+4.0%	262,3 k €	+197%	88,3 k €
Other
Workforce	0,0 ETP		–		1,0 ETP	0.0%	1,0 ETP		–		–		–		–		3,4 ETP	-10.5%	3,8 ETP	-5.0%	4,0 ETP	+8.1%	3,7 ETP	-17.8%	4,5 ETP	+12.5%	4,0 ETP	+21.2%	3,3 ETP	+50.0%	2,2 ETP	-33.3%	3,3 ETP	+120%	1,5 ETP	-25.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 4 ended

Active mandates

Serge Vanhee

Director · since 04 décembre 2023 · until 31 mars 2028

Active

Ended mandates

Hilaire Vanhee

Director · since 04 décembre 2023 · until 31 mars 2028

Ended

Hilaire Vanhee

Director

Ended

Serge Vanhee

Managing director

Ended

Serge VANHEE

Director

Ended

At this address

Other companies at this address

Company	CBE no.
VANHEE INVEST● Active	0471.879.561
VANHEE PROJEKT● Active	0878.956.590

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/05/2026	08/05/2025	30/04/2024	03/04/2023	31/03/2022	26/04/2021
General meeting	27/03/2026	28/03/2025	29/03/2024	31/03/2023	25/03/2022	26/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	27/03/2026	11/05/2026	Dutch	PDF
Micro model	30/09/2024	28/03/2025	08/05/2025	Dutch	PDF
Abridged model	30/09/2023	29/03/2024	30/04/2024	Dutch	PDF
Abridged model	30/09/2022	31/03/2023	03/04/2023	Dutch	PDF
Abridged model	30/09/2021	25/03/2022	31/03/2022	Dutch	PDF
Micro model	30/09/2020	26/03/2021	26/04/2021	Dutch	PDF
Micro model	30/09/2019	27/03/2020	09/04/2020	Dutch	PDF
Micro model	30/09/2018	29/03/2019	15/04/2019	Dutch	PDF
Micro model	30/09/2017	30/03/2018	18/04/2018	Dutch	PDF
Abridged model	30/09/2016	31/03/2017	07/04/2017	Dutch	PDF
Abridged model	30/09/2015	25/03/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	27/03/2015	08/04/2015	Dutch	PDF
Abridged model	30/09/2013	28/03/2014	07/04/2014	Dutch	PDF
Abridged model	30/09/2012	06/04/2013	25/04/2013	Dutch	PDF
Abridged model	30/09/2011	27/04/2012	07/05/2012	Dutch	PDF
Abridged model	30/09/2010	27/04/2011	29/04/2011	Dutch	PDF
Abridged model	30/09/2009	08/03/2010	18/03/2010	Dutch	PDF
Abridged model	30/09/2008	24/03/2009	26/03/2009	Dutch	PDF
Abridged model	30/09/2007	31/03/2008	29/04/2008	Dutch	PDF
Abridged model	30/09/2006	30/03/2007	27/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 4 ended

Active mandates

Serge Vanhee

Director · since 04 décembre 2023 · until 31 mars 2028

Active

Ended mandates

Hilaire Vanhee

Director · since 04 décembre 2023 · until 31 mars 2028

Ended

Hilaire Vanhee

Director

Ended

Serge Vanhee

Managing director

Ended

Serge VANHEE

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/06/2025
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/05/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares20/01/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates27/08/2010
ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/04/2004
MAATSCHAPPELIJKE ZETEL
PDF
Mandates12/02/2004
ONTSLAGEN - BENOEMINGEN - DOEL - BENAMING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares16/01/2004
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BOEKJAAR - DIVERSEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-33,6 k €↑
2024
Annual accounts 2024-74,6 k €↓
2023
Annual accounts 202343,4 k €↑
2022
Annual accounts 2022-26,0 k €↓
2020
Annual accounts 2020130,2 k €↑
2019
Annual accounts 20195,9 k €↑
2018
Annual accounts 20183,4 k €↓
2017
Annual accounts 201766,5 k €↑
2016
Annual accounts 20166,2 k €↑
2015
Annual accounts 20151,5 k €↓
2014
Annual accounts 2014100,7 k €↓
2013
Annual accounts 2013106,7 k €↓
2012
Annual accounts 2012109,5 k €↑
2011
Annual accounts 20115,8 k €↓
2010
Annual accounts 20106,4 k €↓
2009
Annual accounts 200910,9 k €↑
2008
Annual accounts 20084,1 k €↓
2007
Annual accounts 200718,2 k €↓
2006
Annual accounts 200622,8 k €
26/10/1999
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

VANHEE CONSTRUCT

Overview

What does VANHEE CONSTRUCT do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline