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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Shrinking team NBB
FTE fell two years in a row, from 15.2 to 13.1.
Financials
Financial year 2025
TIMMERBEDRIJF VANHEE from Nieuwpoort, company number BE0439092472, closed financial year 2025 with a result of € 20,672 after tax. For that financial year TIMMERBEDRIJF VANHEE recorded a gross margin of € 1.4 million and equity of € 647,295. Compared with financial year 2024, the result moved from € 32,425 to € 20,672. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 28, 2026.
€ 647,295
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 20,672
▼ 36% vs 2024
Profit after tax over the fiscal year.
€ 257,109
▼ 30% 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 € 417,295.
People and assets in 2025
13.1
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1 million
▲ 1% vs 2024
€ 77,000 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.
€ 295,870
▼ 8% vs 2024
Of which on lease € 139,999.
Debts at end 2025
€ 1.1 million
▼ 8% vs 2024
€ 172,149 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 199,791
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,544
▲ 40% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,038,415 | € 1,379,877 | € 1,337,073 | € 1,355,746 | ▲ 1% |
| Profit after taxes | € 79,206 | € 89,512 | € 32,425 | € 20,672 | ▼ 36% |
| Equity | € 504,687 | € 594,199 | € 626,623 | € 647,295 | ▲ 3% |
| Total debts | € 2,085,287 | € 1,773,275 | € 1,943,158 | € 1,774,856 | ▼ 9% |
| Cash | € 434,895 | € 255,695 | € 369,193 | € 257,109 | ▼ 30% |
| Land & buildings | € 696,438 | € 655,587 | € 583,578 | € 512,331 | ▼ 12% |
| Retained profit | € 274,687 | € 364,199 | € 396,623 | € 417,295 | ▲ 5% |
| Bank debt | € 1,198,493 | € 1,048,620 | € 1,184,445 | € 1,091,083 | ▼ 8% |
| Balance sheet total | € 2,589,974 | € 2,367,473 | € 2,569,781 | € 2,422,151 | ▼ 6% |
| Employees (FTE) | 11.9 | 15.2 | 14.4 | 13.1 | ▼ 1.3 |
Key figures of TIMMERBEDRIJF VANHEE, 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 TIMMERBEDRIJF VANHEE?
What happened at TIMMERBEDRIJF VANHEE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 20,672 (▼ 36% vs 2024). Source: NBB ↗
- New establishment in Oostende. KBO
- New establishment in Nieuwpoort. KBO
- Start of the company according to the CBE. KBO
In short
From € 79,206 profit in 2022 to € 20,672 profit in 2025.
Paid € 89,996 in corporate taxes since 2022.
Best year ever: 2023, with € 89,512 profit.
On average € 103,500 of value added per employee in 2025.
Management
Behind TIMMERBEDRIJF VANHEE is Nicolas Vanhee.
Directors
According to the 2025 annual accounts
Nicolas Vanhee
Director
Establishments
Establishment units
Physical locations of this company
Toevluchtweg 10 box A
8620 Nieuwpoort
Toevluchtweg 10 A
8620 Nieuwpoort
Active since 10 January 1990
Torhoutsesteenweg 83 box 2
8400 Oostende
Active since 1 April 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.092.472
- VAT number
- BE 0439.092.472
- Registered office
- Toevluchtweg 10 bus A, 8620 Nieuwpoort
- Names & denominations
- TIMMERBEDRIJF VANHEE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 November 1989
- Peppol
- Active · Active since 17 Jun 2025
- Activities · NACE
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