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N.V. VAN HEE CONSTRUCT

Active
Public limited company· 36 yrs active
Bisschoppenhoflaan 307 ·2100 Antwerpen, Belgium
KBO/BCE: BE 0440.258.155
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age36 yrs
Board2
Connections21

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of N.V. VAN HEE CONSTRUCT is 0.7% (low). The 2025 annual accounts show equity of €79k and a net result of €-1k. Equity remains stable across the filed fiscal years (±0.7% per year). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.7% Low
0%0,5%1,5%4%10%≥25%
No NACE activity registered +Long track record Lower-risk legal form

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Trust signals

2 signals
Long-established
Founded in 1990, 36 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No administrative flags

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-1k
Working capital€79k-48.8%

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 29-10-2025 with the NBB · fiscal year 2025 · verkort
€-60k€-40k€-20k€0Operating result 2021: €-885€-885Net result 2021: €-55k€-55kOperating result 2022: €9k€9kNet result 2022: €906€906Operating result 2023: €2k€2kNet result 2023: €-1k€-1kOperating result 2024: €1k€1kNet result 2024: €562€562Operating result 2025: €-6k€-6kNet result 2025: €-1k€-1k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 7 fiscal years (±0.7%/year).
€70k€75k€80k€85k2026: €78k (€72k - €85k)2027: €78k (€72k - €84k)2028: €77k (€71k - €84k)2019: €82k2020: €83k2021: €80k2022: €81k2023: €80k2024: €81k2025: €79k2019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Net profit
€-1k
- 19-25
Total assets
€1.37M
-5.4% 19-25
Equity
€79k
-1.8% 19-25
Working capital
€79k
-48.8% 19-25
Income taxes
€767
-45.5% 19-25
Debt
€1.30M
-5.6% 19-25
Debt ≤ 1y
€1.30M
-0.2% 19-25
Current ratio
1.06
-5.2% 19-25
Quick ratio
1.06
-5.2% 19-25
Solvency
5.8%
+3.8% 19-25
Debt / equity
16.39
-3.9% 19-25
ROE
-1.8%
- 19-25
ROA
-0.1%
- 19-25
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA-
Net profit€-1k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€1.37M
Equity€79k
Debt€1.30M
of which ≤ 1y€1.30M
of which > 1y-
Working capital€79k
Employees (FTE)-
Ratios (computed)
2025
Current ratio1.06
Quick ratio1.06
Working capital ratio5.8%
Solvency5.8%
Debt / equity16.39
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-0.1%
ROE-1.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€1.37M
Current assets 29/58€1.37M
Amounts receivable within one year 40/41€1.37M
Cash & bank 54/58€119
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.37M
Equity 10/15€79k
Contributions / capital 10/11€74k
Reserves 13€61k
Accumulated profits (losses) 14€-56k
Amounts payable 17/49€1.30M
Amounts payable within one year 42/48€1.30M
Income statement
Gross operating margin 9900€-4k
Operating result 9901€-6k
Financial income 75€5k
Financial charges 65€185
Result before taxes 9903€-1k
Net result for the period 9904€-1k
Result to be appropriated 9905€-1k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
37 / 100 Weak
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

10 directors
Current directors & mandates
  • C W H EUROPELegal entity
    Director· perm. rep.: Henricus M.M. Heinrichs
    State Gazette act 21002131 (07-01-2021)
    Current
    07-09-2020 → present
  • Herman C.J. Valcke
    Director
    State Gazette act 21002131 (07-01-2021)
    Current
    07-09-2020 → present
Historic, not recently confirmed (5)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • Walter De Cock
    Managing director
    State Gazette act 18102869 (03-07-2018)
    Not recently confirmed
    last confirmed in an act from 2018
    2 events
    • 18-06-2018 Appointed· Managing director
    • 12-05-2017 Appointed· Director
  • Herman VALCKE
    Director
    State Gazette act 17131238 (14-09-2017)
    Not recently confirmed
    last confirmed in an act from 2017
  • BVBA VANDEBORNE PROJECTONTWIKKELINGLegal entity
    Managing director· perm. rep.: Paul DE BUYSER
    State Gazette act 17067561 (12-05-2017)
    Not recently confirmed
    last confirmed in an act from 2017
  • EMMASO
    Director
    State Gazette act 15012287 (23-01-2015)
    Not recently confirmed
    last confirmed in an act from 2015
    2 events
    • 23-01-2015 Appointed· Director
    • 10-01-2015 Resigned· Director
  • Katrien Valcke
    Director
    State Gazette act 15012287 (23-01-2015)
    Not recently confirmed
    last confirmed in an act from 2015
    4 events
    • 23-01-2015 Mandate renewed· Director
    • 23-01-2015 Appointed· Managing director
    • 10-01-2015 Resigned· Director
    • 10-01-2015 Resigned· Managing director
Former directors (3)
  • STEEL-IRGLegal entity
    Director· perm. rep.: Paul de Buyser
    State Gazette act 16088477 (28-06-2016)
    Former
    10-01-2015 → 18-06-2018
    5 events
    • 18-06-2018 Resigned· Director
    • 25-05-2016 Appointed· Director
    • 25-05-2016 Mandate renewed· Managing director
    • 14-08-2015 Appointed· Director
    • 10-01-2015 Appointed· Managing director
  • VANDEBORNE PROJECTONTWIKKELING
    Director
    State Gazette act 16088477 (28-06-2016)
    Former
    - → 25-05-2016
  • Pierre Chauffour
    Director
    State Gazette act 15012287 (23-01-2015)
    Former
    23-01-2015 → 27-10-2015
    2 events
    • 27-10-2015 Resigned· Director
    • 23-01-2015 Mandate renewed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary -
Legal form Public limited company(014)
Incorporation10-04-1990
StatusActive
Postal code2100

Structure & network

Connections & network

21 connected companies
C W H EUROPE, Parent company CWC W H EUROPESTEEL-IRG, Parent company · open bankruptcy SSTEEL-IRG+18 companies via a shared address +18via a sharedaddressKARTOON, Shared address KKARTOONN.V. VAN HEE CONSTRUCT N.V. VAN HEECONSTRUCT0440.258.155
Group structureShared address / shareholderBundled connectionsOpen bankruptcy
Group structure
C W H EUROPE
Parent · 1 subsidiary · 1 location
Control
STEEL-IRG
Parent · 1 subsidiary · 1 location
Control
Network connections
AEQUITAS
Shared address
Avenue Construction
Shared address
B&R LOGISTICS
Shared address
CORRECT BUSINESS
Shared address
IMMO MARKETING
Shared address
KARTOON
Shared address
MONTANA
Shared address
PATRIMAN
Shared address
PHILCO Smart Vending
Shared address
PI CAPITAL FUND
Shared address
RASSCHAERT
Shared address
STIMANO HOLDING
Shared address
WINDOW TEAM
Shared address
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Locations & real estate

Registered office

on the map · from the address register
seat.Municipality exact location from the address register
14 companies at this address See who is registered here

Establishment units

1 location
Bisschoppenhoflaan 307, 2100 Antwerpen
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)
since 20032.124.984.344
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area7,155 m²
Buildings1
Building footprint157 m²
Volume (LiDAR)2,510 m³
Tallest building18.1 m · ±6 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11012A0176/00S000 Flanders 7,155 m² 1 · 157 m² 18.1 m · 6 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

13 acts
Capital history · 1
07-02-2012
v3.2
Address history · 3
18-02-2026
v3.2
30-06-2010
v3.2
28-04-2008
v3.2
All acts · 13 updated 5 months ago
2026
18-02-2026 Registered office moved within Antwerpen Registered-office change
  • Middelmolenlaan 175, 2100 Antwerpen → Bisschoppenhoflaan 307, 2100 Antwerpen
Summary: v3.2
2021
07-01-2021 1 director appointed, 1 reappointed Director changes
  • Henricus M.M. Heinrichs, Bestuurder
  • Herman C.J. Valcke, Bestuurder
Summary: v3.2
2018
03-07-2018 1 director appointed, 1 resigning Director changes
  • Walter De Cock, Gedelegeerd bestuurder
  • Paul de Buyser, Bestuurder
Summary: v3.2
2017
14-09-2017 Herman VALCKE appointed as director Director changes
  • Herman VALCKE, Bestuurder
Summary: v3.2
12-05-2017 2 directors appointed Director changes
  • DE COCK Walter, Bestuurder
  • Paul DE BUYSER, Gedelegeerd bestuurder
Summary: v3.2
2016
08-07-2016 Articles of association amended Statutes amendment
28-06-2016 1 director appointed, 1 resigning, 1 reappointed Director changes
  • Paul De Buyser, Bestuurder
  • VANDEBORNE PROJECTONTWIKKELING, Bestuurder
  • Paul De Buyser, Gedelegeerd bestuurder
Summary: v3.2
2015
27-10-2015 Pierre Chauffour resigns as director Director changes
  • Pierre Chauffour, Bestuurder
Summary: v3.2
14-08-2015 2 directors appointed, 3 resigning Director changes
  • Pierre Chauffour, Bestuurder
  • Pierre Chauffour, Gedelegeerd bestuurder
  • EMMASO, Bestuurder
  • Katrien Valcke, Bestuurder
  • Katrien Valcke, Gedelegeerd bestuurder
Summary: v3.2
23-01-2015 2 directors appointed, 2 reappointed Director changes
  • Emmaso, Bestuurder
  • Katrien Valcke, Gedelegeerd bestuurder
  • Pierre Chauffour, Bestuurder
  • Katrien Valcke, Bestuurder
Summary: v3.2
2012
07-02-2012 Capital increase to €74,368.06 Capital & shares
2010
30-06-2010 Registered office moved within Wilrijk Registered-office change
  • Jules Moretuslei 197, 2610 Wilrijk → Gaston Fabrélaan 63, 2610 Wilrijk
Summary: v3.2
2008
28-04-2008 Registered office moved from Berchem to Wilrijk Registered-office change
  • Marsstraat 23, 2600 Berchem → Jules Moretuslei 197, 2610 Wilrijk
Summary: v3.2

Analysis

Snowflake analysis

financial profile on 5 axes
Health37Profitability0Solvency16Growth58Stability100
42 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 37
Profitability 0
Solvency 16
Growth 58
Stability 100

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verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Company registry

Company registry (CBE)

Crossroads Bank
Names & trade names
Legal nameNL N.V. VAN HEE CONSTRUCT
Registered office
Bisschoppenhoflaan 307
2100 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.