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Van Hool

Active
Public limited company·Vervaardiging van motorvoertuigen· 71 yrs active
Bernard Van Hoolstraat 58 ·2500 Lier, Belgium
Open bankruptcy
KBO/BCE: BE 0404.060.032
Watch Print / PDF
Age71 yrs
Board6
Staff (FTE)2535.8

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for Van Hool according to publications in the Belgian State Gazette. The file additionally contains 1 judicial reorganisation. The 2022 annual accounts show equity of €22.59M and a net result of €-18.49M.

Based on the State Gazette, CBE and 5 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Insolvency timeline

2 events
12-04-2024
Bankruptcy Opening
Date: 08-04-2024 · Ondernemingsrechtbank Antwerpen, afdeling Mechelen · VAN HOOL NV BERNARD VAN HOOLSTRAAT 58, 2500 KONINGSHOOIKT · Publications in State Gazette ↗
22-03-2024
Judicial reorganisation Opening
Date: 19-03-2024 · Ondernemingsrechtbank Antwerpen · amiable · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 13-07-2023, 18 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2022, that is 31-07-2023.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 nothing on record not filed -
31-12-2022 31-07-2023 13-07-2023 18 d early 2023-00246897
31-12-2021 31-07-2022 07-07-2022 24 d early 2022-20187543
31-12-2020 31-07-2021 02-07-2021 29 d early 2021-32900446
31-12-2019 31-07-2020 08-07-2020 23 d early 2020-29800504
31-12-2018 31-07-2019 27-06-2019 34 d early 2019-28100282

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags

No administrative flags

Financials

Turnover€490.62M+89.4%
EBIT margin-3.1%+20.2pp
Net result€-18.49M+70.8%
Working capital€95.89M-24.5%
Directors4

Annual accounts & ratios

Source: NBB · 2022
Annual accounts filed on 13-07-2023 with the NBB · fiscal year 2022 · volledig
The figures below are the statutory (non-consolidated) annual accounts. This company also files consolidated accounts; the group figures can differ substantially.
€-200.00M€0€200.00M€400.00M€600.00M€800.00MRevenue 2018: €640.27M€640.27MOperating result 2018: €-6.86M€-6.86MNet result 2018: €18.05M€18.05MRevenue 2019: €714.30M€714.30MOperating result 2019: €-2.62M€-2.62MNet result 2019: €12.68M€12.68MRevenue 2020: €411.40M€411.40MOperating result 2020: €-51.43M€-51.43MNet result 2020: €-42.75M€-42.75MRevenue 2021: €259.00M€259.00MOperating result 2021: €-60.31M€-60.31MNet result 2021: €-63.34M€-63.34MRevenue 2022: €490.62M€490.62MOperating result 2022: €-15.09M€-15.09MNet result 2022: €-18.49M€-18.49M20182019202020212022
RevenueOperating resultNet result
No trend projection for this company: it files both statutory and consolidated annual accounts. The statutory figures above track the parent, and they jump when activities move inside the group, not when the business grows or shrinks. A trend through such a series measures a restructuring, not a business trajectory.
Sector comparison
Fiscal year 2022 · NACE 29 · compared across all schema types (micro, abbreviated and full combined)
Metric This company Sector median Position in the sector
Solvency 5.0% 26.8%
better than 18% of 42 sector peers
Net result €-18.49M €10k
better than 5% of 42 sector peers
Equity €22.59M €102k
better than 95% of 42 sector peers
Total assets €450.83M €799k
better than 95% of 42 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€490.62M
+89.4% 18-22
EBITDA
€-4.30M
+91.4% 18-22
Net profit
€-18.49M
+70.8% 18-22
Cash flow
€-7.70M
+85.5% 18-22
Total assets
€450.83M
+13.5% 18-22
Equity
€22.59M
-37.3% 18-22
Working capital
€95.89M
-24.5% 18-22
Employees (FTE)
2536
-8.2% 18-22
Staff costs
€128.71M
+23.5% 18-22
Income taxes
€-460k
-46.9% 18-22
Debt
€413.79M
+20.2% 18-22
Debt ≤ 1y
€274.29M
+36.7% 18-22
Debt > 1y
€131.93M
-1.0% 18-22
Current ratio
1.35
-17.4% 18-22
Quick ratio
0.79
-6.0% 18-22
Solvency
5.0%
-44.8% 18-22
Debt / equity
18.32
+91.9% 18-22
ROE
-81.8%
+53.4% 18-22
ROA
-4.1%
+74.3% 18-22
Net margin
-3.8%
+84.6% 18-22
EBITDA margin
-0.9%
+95.5% 18-22
Interest coverage
-0.55
+93.0% 18-22
Figures by fiscal year
Fiscal year2022
Depositvolledig
Revenue€490.62M
EBITDA€-4.30M
Net profit€-18.49M
Cash flow€-7.70M
Staff costs€128.71M
Income taxes€-460k
Dividends-
Total assets€450.83M
Equity€22.59M
Debt€413.79M
of which ≤ 1y€274.29M
of which > 1y€131.93M
Working capital€95.89M
Employees (FTE)2535.8
Ratios (computed)
2022
Current ratio1.35
Quick ratio0.79
Working capital ratio21.3%
Solvency5.0%
Debt / equity18.32
Long-term debt ratio5.84
Interest coverage-0.55
Gross margin26.1%
Net margin-3.8%
ROA-4.1%
ROE-81.8%
EBITDA margin-0.9%
Days sales outstanding61d
Days payable outstanding114d
Inventory turnover2.34
Days inventory (DSI)156d
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€450.83M
Fixed assets 21/28€78.22M
Formation expenses 20€2.43M
Intangible fixed assets 21€32.09M
Tangible fixed assets 22/27€18.23M
Financial fixed assets 28€27.91M
Current assets 29/58€370.18M
Stocks & contracts in progress 3€154.84M
Amounts receivable within one year 40/41€165.20M
Cash & bank 54/58€4.51M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€450.83M
Equity 10/15€22.59M
Contributions / capital 10/11€25.00M
Reserves 13€117.15M
Accumulated profits (losses) 14€-124.58M
Provisions & deferred taxes 16€14.45M
Amounts payable 17/49€413.79M
Amounts payable after one year 17€131.93M
Amounts payable within one year 42/48€274.29M
Trade debts payable within one year 44€113.46M
Income statement
Turnover 70€490.62M
Operating result 9901€-15.09M
Financial income 75€7.96M
Financial charges 65€11.81M
Result before taxes 9903€-18.95M
Income taxes 67/77€-460k
Net result for the period 9904€-18.49M
Result to be appropriated 9905€-18.49M
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 2022 · computed
0 / 100 Critical
050100
Computed from 6 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 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

20 directors
Current directors & mandates
  • FiVH Management BVLegal entity
    Director
    State Gazette act 23096078 (27-07-2023)
    Current
    27-07-2023 → present
  • Manax BVLegal entity
    Director
    State Gazette act 23096078 (27-07-2023)
    Current
    27-07-2023 → present
  • Peter Ramaut
    Director
    State Gazette act 22080352 (06-07-2022)
    Current
    06-07-2022 → present
  • Clement De Meersman
    Director
    State Gazette act 22080352 (06-07-2022)
    Current
    14-11-2018 → present
    2 events
    • 06-07-2022 Appointed· Director
    • 14-11-2018 Appointed· Director
  • Jan Van Hool
    Director
    State Gazette act 23096078 (27-07-2023)
    Current
    06-07-2017 → present
    2 events
    • 27-07-2023 Appointed· Director
    • 06-07-2017 Appointed· Director
  • Frank Van Hool
    Director
    State Gazette act 23096078 (27-07-2023)
    Current
    08-06-2015 → present
    3 events
    • 27-07-2023 Appointed· Director
    • 06-07-2017 Appointed· Director
    • 08-06-2015 Appointed· Director
Historic, not recently confirmed (8)
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.
  • Bee Capital BVBALegal entity
    Director
    State Gazette act 19086827 (01-07-2019)
    Not recently confirmed
    last confirmed in an act from 2019
    2 events
    • 01-07-2019 Appointed· Director
    • 27-05-2019 Appointed· Director
  • Clement De Meersman BVBALegal entity
    Director
    State Gazette act 19086827 (01-07-2019)
    Not recently confirmed
    last confirmed in an act from 2019
  • EENBEEK BVBALegal entity
    Director
    State Gazette act 18165326 (14-11-2018)
    Not recently confirmed
    last confirmed in an act from 2018
  • PETER RAMAUT BVBALegal entity
    Director
    State Gazette act 18165326 (14-11-2018)
    Not recently confirmed
    last confirmed in an act from 2018
  • Manax BVBALegal entity
    Director
    State Gazette act 18100488 (28-06-2018)
    Not recently confirmed
    last confirmed in an act from 2018
  • FIVH Management BVBALegal entity
    Director
    State Gazette act 17096667 (06-07-2017)
    Not recently confirmed
    last confirmed in an act from 2017
    2 events
    • 06-07-2017 Appointed· Director
    • 24-05-2017 Appointed· Gedelegeerd bestuurder (ceo)
  • Jan B. Van Hool
    Director
    State Gazette act 15080560 (08-06-2015)
    Not recently confirmed
    last confirmed in an act from 2015
  • Leopold L. Van Hool
    Director
    State Gazette act 15080560 (08-06-2015)
    Not recently confirmed
    last confirmed in an act from 2015
Permanent representatives (1)
These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.
  • Daniel Wuyts
    Vaste vertegenwoordiger
    State Gazette act 16116190 (17-08-2016)
    Permanent representative
    17-08-2016 → present
Former directors (6)
  • Werner Krott
    Director
    State Gazette act 22080352 (06-07-2022)
    Former
    06-07-2022 → 01-06-2023
    2 events
    • 01-06-2023 Resigned· Director
    • 06-07-2022 Appointed· Director
  • Ben Van Hool
    Director
    State Gazette act 17096667 (06-07-2017)
    Former
    06-07-2017 → 13-01-2021
    2 events
    • 13-01-2021 Resigned· Director
    • 06-07-2017 Appointed· Director
  • Zeydon NVLegal entity
    Director
    State Gazette act 17096667 (06-07-2017)
    Former
    08-06-2015 → 01-07-2019
    4 events
    • 01-07-2019 Resigned· Director
    • 27-05-2019 Resigned· Director
    • 06-07-2017 Appointed· Director
    • 08-06-2015 Appointed· Director
  • Christian Luyten
    Director
    State Gazette act 17159351 (13-11-2017)
    Former
    13-11-2017 → 28-06-2018
    2 events
    • 28-06-2018 Resigned· Director
    • 13-11-2017 Appointed· Director
  • Leopold Van Hool
    Director
    State Gazette act 17096667 (06-07-2017)
    Former
    06-07-2017 → 13-11-2017
    2 events
    • 13-11-2017 Resigned· Director
    • 06-07-2017 Appointed· Director
  • Filip Van Hool
    Gedelegeerd bestuurder (ceo)
    State Gazette act 17002292 (04-01-2017)
    Former
    04-01-2017 → 06-07-2017
    3 events
    • 06-07-2017 Resigned· Director
    • 24-05-2017 Resigned· Gedelegeerd bestuurder (ceo)
    • 04-01-2017 Appointed· Gedelegeerd bestuurder (ceo)
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Statutory auditor

3 auditors
Statutory auditor IRE/IBR number Tenure
Daniel WuytsCurrent
Statutory auditor
- 06-07-2022 → present
Enst & Young Bedrijfsrevisoren
Statutory auditor
succeeded by Daniel Wuyts in 2022
- 01-07-2019 → 06-07-2022
Ernst & Young Bedrijfsrevisoren
Statutory auditor
succeeded by Enst & Young Bedrijfsrevisoren in 2019
- 17-08-2016 → 01-07-2019
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

4 mandates
Role Name Tenure Source
Curator KRIS VAN DEN BERGHEN
FREDERIK DE MERODE- STRAAT 94-96, 2800 MECHELEN
08-04-2024 → present Belgian State Gazette
Curator JEROEN PINOY
CELLEBROEDERSSTRAAT 13, 2800 MECHELEN-
08-04-2024 → present Belgian State Gazette
Curator ELKE VAN WEERDT
TEMSESTEENWEG 2, 2880 BORNEM
08-04-2024 → present Belgian State Gazette
Curator PHILIPPE VAN DER HEYDEN
NEETWEG 24, 2220 HEIST-OP-DEN-BERG-
08-04-2024 → present Belgian State Gazette

Legal Structure

NACE primary Vervaardiging van motorvoertuigen(29100)
Legal form Public limited company(014)
Incorporation26-08-1954
StatusActive
Postal code2500
First BS signal 22-03-2024
Latest BS signal 12-04-2024

Structure & network

Company structure: linked entities

4 linked entities
Van HoolBE 0404.060.032KRIS VAN DEN BERGHENReceiverJEROEN PINOYReceiver ↔ 170ROMY CURVYTaverne Den DreefMK MALIPANELKE VAN WEERDTReceiver ↔ 51AYZESDLabrintsPHILIPPE VAN DER HEYD…Receiver
Mandates
2 of these mandate-holders are active on other cases, click any red card to open that KBO.

Locations & real estate

Establishment units

2 locations
VAN HOOL
Bernard Van Hoolstraat 61, 2500 Lierde vervaardiging van bedrijfsvoertuigen : bestelwagens, vrachtauto's, trekkers voor opleggers, dumpers voor het gebruik in het terrein, kraan- en takelwagens, pantserauto's voor het vervoer van bankbi
since 19542.004.639.315
VAN HOOL
Bernard Van Hoolstraat 58, 2500 Lierde vervaardiging van bedrijfsvoertuigen : bestelwagens, vrachtauto's, trekkers voor opleggers, dumpers voor het gebruik in het terrein, kraan- en takelwagens, pantserauto's voor het vervoer van bankbi
since 19672.004.639.216
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area28.0 ha
Buildings2
Building footprint10.7 ha
Volume (LiDAR)926,941 m³
Tallest building20.7 m · ±3 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 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12019B0438/00E004 Flanders 17.8 ha 1 · 10.7 ha 20.7 m · 3 fl.
12019B0185/00R004 Flanders 10.3 ha 1 · 815 m² 9.8 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

2 events from the State Gazette
12-04-2024
Bankruptcy Opening
Date: 08-04-2024 · Ondernemingsrechtbank Antwerpen, afdeling Mechelen · VAN HOOL NV BERNARD VAN HOOLSTRAAT 58, 2500 KONINGSHOOIKT · Publications in State Gazette ↗
22-03-2024
Judicial reorganisation Opening
Date: 19-03-2024 · Ondernemingsrechtbank Antwerpen · amiable · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-03-22 · Judicial reorganisation · Opening2024-04-12 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgisch Staatsblad · acts

20 acts
Capital history · 2
15-10-2015
v3.2
02-07-2015
v3.2
All acts · 20 updated 3 years ago
2023
27-07-2023 4 directors appointed Director changes
  • Frank Van Hool, Bestuurder
  • FiVH Management BV, Bestuurder
  • Jan Van Hool, Bestuurder
  • Manax BV, Bestuurder
Summary: v3.2
01-06-2023 Werner Krott resigns as director Director changes
  • Werner Krott, Bestuurder
Summary: v3.2
2022
06-07-2022 4 directors appointed Director changes
  • Clement De Meersman, Bestuurder
  • Werner Krott, Bestuurder
  • Peter Ramaut, Bestuurder
  • Daniel Wuyts, Commissaris
Summary: v3.2
2021
18-03-2021 Articles of association amended Statutes amendment
13-01-2021 Ben Van Hool resigns as director Director changes
  • Ben Van Hool, Bestuurder
Summary: v3.2
2019
01-07-2019 3 directors appointed, 1 resigning Director changes
  • Clement De Meersman BVBA, Bestuurder
  • Bee Capital BVBA, Bestuurder
  • Enst & Young Bedrijfsrevisoren, Commissaris
  • Zeydon NV, Bestuurder
Summary: v3.2
27-05-2019 1 director appointed, 1 resigning Director changes
  • Bee Capital BVBA, Bestuurder
  • Zeydon NV, Bestuurder
Summary: v3.2
04-01-2019 Articles of association amended Statutes amendment
2018
14-11-2018 3 directors appointed Director changes
  • Clement De Meersman, Bestuurder
  • EENBEEK BVBA, Bestuurder
  • PETER RAMAUT BVBA, Bestuurder
Summary: v3.2
28-06-2018 1 director appointed, 1 resigning Director changes
  • Manax BVBA, Bestuurder
  • Christian Luyten, Bestuurder
Summary: v3.2
2017
13-11-2017 1 director appointed, 1 resigning Director changes
  • Christian Luyten, Bestuurder
  • Leopold Van Hool, Bestuurder
Summary: v3.2
06-07-2017 6 directors appointed, 1 resigning Director changes
  • FIVH Management BVBA, Bestuurder
  • Jan Van Hool, Bestuurder
  • Frank Van Hool, Bestuurder
  • Leopold Van Hool, Bestuurder
  • Zeydon NV, Bestuurder
  • Ben Van Hool, Bestuurder
  • Filip Van Hool, Bestuurder
Summary: v3.2
24-05-2017 1 director appointed, 1 resigning Director changes
  • FiVH Management BVBA, Gedelegeerd bestuurder (ceo)
  • Filip Van Hool, Gedelegeerd bestuurder (ceo)
Summary: v3.2
04-01-2017 Publication in the Belgian Official Gazette, Miscellaneous Miscellaneous·Filip Van Hool
Summary: Court filing noticeNotary: Filip Van Hool · Mechelen
04-01-2017 Filip Van Hool appointed as gedelegeerd bestuurder (ceo) Director changes
  • Filip Van Hool, Gedelegeerd bestuurder (ceo)
Summary: v3.2
2016
17-08-2016 2 directors appointed Director changes
  • Ernst & Young Bedrijfsrevisoren, Commissaris
  • Daniel Wuyts, Vaste vertegenwoordiger
Summary: v3.2
2015
15-10-2015 Transaction in capital or shares Capital & shares
02-07-2015 Transaction in capital or shares Capital & shares
02-07-2015 Publication in the Belgian Official Gazette, Miscellaneous Miscellaneous·Remy De Mey
Summary: otherNotary: Remy De Mey · Lier
08-06-2015 4 directors appointed Director changes
  • Frank Van Hool, Bestuurder
  • Zeydon NV, Bestuurder
  • Jan B. Van Hool, Bestuurder
  • Leopold L. Van Hool, Bestuurder
Summary: v3.2

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability2Solvency22Growth26Stability0
10 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 2
Solvency 22
Growth 26
Stability 0

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Credit advice

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.

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Vervaardiging en assemblage van motorvoertuigen29100Vervaardiging van motorvoertuigen29100Vervaardiging en assemblage van auto's34100Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)45113Handel in aanhangwagens, opleggers en caravans45194Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)45201Groothandel in aanhangwagens, opleggers en caravans46713Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)47811Handel in aanhangwagens, opleggers, caravans en dergelijke50104Onderhoud en reparatie van auto's50200Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)95311
Primary activity highlighted.
Names & trade names
Legal nameNL Van Hool
Registered office
Bernard Van Hoolstraat 58
2500 Lier, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.