Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VANHORI from Maldegem, company number BE0462104436, closed financial year 2025 with a result of € 20,809 after tax. For that financial year VANHORI recorded a gross margin of € 47,963 and equity of € -28,002. Compared with financial year 2024, the result moved from € -7,190 to € 20,809. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ -28,002
▲ € 20,809 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 20,809
▲ still € 7,190 loss in 2024
Profit after tax over the fiscal year.
€ 37,552
▲ 24% 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 € -46,602.
Debts at end 2025
€ 28,112
▼ 33% vs 2024
€ 10,267 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 3,166
▼ 37% 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 | € 44,481 | € 23,418 | € 22,071 | € 47,963 | ▲ 117% |
| Profit after taxes | € 10,802 | € -11,409 | € -7,190 | € 20,809 | ▲ € 27,999 |
| Equity | € -30,212 | € -41,621 | € -48,811 | € -28,002 | ▲ € 20,809 |
| Total debts | € 223,964 | € 205,839 | € 188,032 | € 170,325 | ▼ 9% |
| Cash | € 34,956 | € 37,159 | € 30,306 | € 37,552 | ▲ 24% |
| Retained profit | € -48,812 | € -60,221 | € -67,411 | € -46,602 | ▲ € 20,809 |
| Bank debt | € 72,515 | € 57,379 | € 41,896 | € 28,112 | ▼ 33% |
| Balance sheet total | € 193,751 | € 164,218 | € 139,221 | € 142,323 | ▲ 2% |
Key figures of VANHORI, 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 VANHORI?
What happened at VANHORI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 20,809. Source: NBB ↗
- New establishment in Maldegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 10,802 profit in 2022 to € 20,809 profit in 2025.
Paid € 191 in corporate taxes since 2022.
Best year ever: 2025, with € 20,809 profit.
Management
Behind VANHORI are Rita Van Hoof and Ine Bauwens.
Directors
According to the 2025 annual accounts
Rita Van Hoof
Director
Ine Bauwens
Director
Establishments
Establishment units
Physical locations of this company
Paardedreef 2
9990 Maldegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
GOOGLE - Google LLC, US
Website info
Features
Security
Details
- Company number
- 0462.104.436
- VAT number
- BE 0462.104.436
- Registered office
- Paardedreef 2, 9990 Maldegem
- Names & denominations
- VANHORI
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 December 1997
- Peppol
- Active · Active since 23 Jan 2026
- Contact
- schoonheidsinstituutbaine.be
- Activities · NACE
Schoonheidsverzorging en andere schoonheidsbehandelingen
Schoonheidsverzorging