Financials
Financial year 2024
VANHOVE from Tongeren-Borgloon, company number BE0434885246, closed financial year 2024 with a result of € 84,161 after tax. For that financial year VANHOVE recorded a gross margin of € 936,700 and equity of € 2.1 million. Compared with financial year 2023, the result moved from € 81,081 to € 84,161. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2025.
€ 2.1 million
▲ 4% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 84,161
▲ 4% vs 2023
Profit after tax over the fiscal year.
€ 548,360
▲ 20% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 2.1 million.
People and assets in 2024
6.5
▼ 0.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 495,365
▲ 5% vs 2023
€ 76,200 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.
€ 397,687
▼ 47% vs 2023
Of which on lease € 266,753.
Debts at end 2024
€ 2.6 million
▼ 6% vs 2023
€ 281,843 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 1.5 million
▼ 49% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 89,283
▼ 34% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 761,468 | € 620,500 | € 848,202 | € 936,700 | ▲ 10% |
| Profit after taxes | € 246,244 | € 92,790 | € 81,081 | € 84,161 | ▲ 4% |
| Equity | € 2,103,536 | € 2,196,325 | € 2,052,811 | € 2,136,972 | ▲ 4% |
| Total debts | € 3,243,794 | € 3,620,502 | € 6,070,164 | € 4,195,964 | ▼ 31% |
| Cash | € 305,370 | € 220,641 | € 458,208 | € 548,360 | ▲ 20% |
| Land & buildings | € 382,467 | € 365,062 | € 1,021,834 | € 1,029,270 | ▲ 1% |
| Retained profit | € 2,083,704 | € 2,176,494 | € 2,032,980 | € 2,117,141 | ▲ 4% |
| Dividend | € 0 | € 0 | € 224,595 | € 0 | ▼ 100% |
| Bank debt | € 1,805,307 | € 1,748,472 | € 2,737,442 | € 2,576,123 | ▼ 6% |
| Balance sheet total | € 5,408,426 | € 5,865,825 | € 8,178,032 | € 6,390,406 | ▼ 22% |
| Employees (FTE) | 5.3 | 6 | 7 | 6.5 | ▼ 0.5 |
Key figures of VANHOVE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to VANHOVE?
What happened at VANHOVE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 84,161 (▲ 4% vs 2023). Source: NBB ↗
- Wilfried Vanhove became a director. NBB
- Patrick Vanhove became a director. NBB
- New establishment in Tongeren-Borgloon. KBO
- Start of the company according to the CBE. KBO
In short
From € 246,244 profit in 2021 to € 84,161 profit in 2024.
Paid € 191,316 in corporate taxes since 2021.
Best year ever: 2021, with € 246,244 profit.
On average € 144,100 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind VANHOVE are Wilfried Vanhove and Patrick Vanhove.
Directors
According to the 2024 annual accounts
Wilfried Vanhove
Director
since 1988
Patrick Vanhove
Director
since 1988
Establishments
Establishment units
Physical locations of this company
Overhaamlaan 35
3700 Tongeren-Borgloon
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0434.885.246
- VAT number
- BE 0434.885.246
- Registered office
- Overhaamlaan 35, 3700 Tongeren-Borgloon
- Names & denominations
- VANHOVE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 August 1988
- Peppol
- Active · Active since 24 Jun 2025
- Activities · NACE
Reparatie en onderhoud van machines
Herstelling van landbouwmachines
Groothandel in machines, werktuigen en toebehoren voor de landbouw
Groothandel in gereedschapswerktuigen
Groothandel in andere motorvoertuigen (> 3,5 ton)
Detailhandel in andere motorvoertuigen (> 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Algemeen onderhoud en reparatie van overige motorvoertuigen (> 3,5 ton)
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