Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VANHOVE from Tongeren-Borgloon, company number BE0434885246, closed financial year 2025 with a result of € 113,140 after tax. For that financial year VANHOVE recorded a gross margin of € 961,021 and equity of € 2.2 million. Compared with financial year 2024, the result moved from € 84,161 to € 113,140. 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 October 8, 2026.
€ 2.2 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 113,140
▲ 34% vs 2024
Profit after tax over the fiscal year.
€ 338,462
▼ 38% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 83,696 paid out
74 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 515,840
▲ 4% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 362,835
▼ 9% vs 2024
Of which on lease € 216,464.
Debts at end 2025
€ 2.3 million
▼ 10% vs 2024
€ 202,892 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 2.7 million
▲ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 72,851
▼ 18% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 620,500 | € 848,202 | € 936,700 | € 961,021 | ▲ 3% |
| Profit after taxes | € 92,790 | € 81,081 | € 84,161 | € 113,140 | ▲ 34% |
| Equity | € 2,196,325 | € 2,052,811 | € 2,136,972 | € 2,166,416 | ▲ 1% |
| Total debts | € 3,620,502 | € 6,070,164 | € 4,195,964 | € 5,212,617 | ▲ 24% |
| Cash | € 220,641 | € 458,208 | € 548,360 | € 338,462 | ▼ 38% |
| Land & buildings | € 365,062 | € 1,021,834 | € 1,029,270 | € 1,028,170 | |
| Retained profit | € 2,176,494 | € 2,032,980 | € 2,117,141 | € 2,146,584 | ▲ 1% |
| Dividend | € 0 | € 224,595 | € 0 | € 83,696 | |
| Bank debt | € 1,748,472 | € 2,737,442 | € 2,576,123 | € 2,315,323 | ▼ 10% |
| Balance sheet total | € 5,865,825 | € 8,178,032 | € 6,390,406 | € 7,436,113 | ▲ 16% |
| Employees (FTE) | 6 | 7 | 6.5 | - |
Key figures of VANHOVE, 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 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 2025: profit of € 113,140 (▲ 34% vs 2024). filed late Source: NBB ↗
- New establishment in Tongeren-Borgloon. KBO
- Start of the company according to the CBE. KBO
In short
From € 92,790 profit in 2022 to € 113,140 profit in 2025.
Paid € 192,007 in corporate taxes since 2022.
Best year ever: 2025, with € 113,140 profit.
On average € 144,100 of value added per employee in 2024.
Management
Behind VANHOVE are Maarten Vanhove , Wilfried Vanhove and Patrick Vanhove.
Directors
According to the 2025 annual accounts
Maarten Vanhove
Director
Wilfried Vanhove
Director
Patrick Vanhove
Director
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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