Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 117 to 98.6.
Financials
Financial year 2025
VAN HUELE from Oostende, company number BE0405299355, closed financial year 2025 with a result of € 670,506 after tax. For that financial year VAN HUELE recorded revenue of € 24.9 million and equity of € 5.1 million. Compared with financial year 2024, the result moved from € 910,516 to € 670,506. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 5.1 million
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 670,506
▼ 26% vs 2024
Profit after tax over the fiscal year.
€ 548,915
▲ 72% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 4.8 million.
People and assets in 2025
98.6
▼ 6.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.3 million
▼ 4% vs 2024
€ 63,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 148,322
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5.5 million
▲ 1% vs 2024
€ 229,400 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 2.5 million
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 48 days on average.
€ 515,079
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 27,169,262 | € 35,666,891 | € 27,455,633 | € 24,864,916 | ▼ 9% |
| Profit after taxes | € 331,018 | € -925,455 | € 910,516 | € 670,506 | ▼ 26% |
| Equity | € 4,459,935 | € 3,534,481 | € 4,444,996 | € 5,115,501 | ▲ 15% |
| Total debts | € 8,681,734 | € 10,104,143 | € 9,738,691 | € 8,789,045 | ▼ 10% |
| Cash | € 1,916,273 | € 965,830 | € 319,395 | € 548,915 | ▲ 72% |
| Retained profit | € 4,111,334 | € 3,185,880 | € 4,096,395 | € 4,766,900 | ▲ 16% |
| Bank debt | € 2,547,989 | € 4,673,335 | € 5,392,242 | € 5,459,923 | ▲ 1% |
| Balance sheet total | € 13,141,669 | € 13,775,453 | € 14,280,603 | € 14,001,462 | ▼ 2% |
| Employees (FTE) | 102 | 117 | 105 | 98.6 | ▼ 6.4 |
Key figures of VAN HUELE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to VAN HUELE?
What happened at VAN HUELE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- VAN HUELE XAVIER BVBA stepped down as director. NBB
- KRISTOF PASSCHYN BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 670,506 (▼ 26% vs 2024). Source: NBB ↗
- VAN HUELE XAVIER BVBA became a director. NBB
- KRISTOF PASSCHYN BV became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Oostende. KBO
In short
From € 331,018 profit in 2022 to € 670,506 profit in 2025.
Paid € 455,387 in corporate taxes since 2022.
Best year ever: 2024, with € 910,516 profit.
Pays suppliers within 48 days on average.
Management
The stake of XAVIER VAN HUELE, KRISTOF PASSCHYN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VAN HUELEThe shares are held by XAVIER VAN HUELE (97.5%) and KRISTOF PASSCHYN (2.5%).
Directors
According to the 2025 annual accounts
Managing director · represented by XAVIER VAN HUELE
Also active at: SANECAL, WOODROW, Cassteman, VAN HUELE INVEST
since 2023 · until 2029
Director · represented by Kristof Passchyn
Also active at: SANECAL, VAN HUELE INVEST
since 2023 · until 2029
Shareholders
97.5%
2.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zandvoordestraat 453
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →SUPERSALON
€ -6,795 gross margin · 2025
TM VAN HUELE-AELTERMAN
BAKEN
€ 36,752 gross margin · 2025
XAVIER VAN HUELE same network
€ 240,510 gross margin · 2025
VAN HUELE INVEST same network
€ 1.5 million revenue · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.299.355
- VAT number
- BE 0405.299.355
- Registered office
- Zandvoordestraat 453, 8400 Oostende
- Names & denominations
- VAN HUELE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 24 Jul 2025
- Activities · NACE
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