Vanhulle Miguel

Active

Private limited companyfounded 20233 yrs activeOlmenlaan 49, 9870 Zulte, BelgiumKBO/BCE: BE 0798.599.416

Summary

The computed 12-month bankruptcy probability of Vanhulle Miguel is 2.6% (moderate). The 2024 annual accounts show equity of €71k and a net result of €26k. Its solvency ranks better than 84% of 5894 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

81 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency100=

Growth52

Track record94

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity ample (current ratio 4.04 against 3.94 in 2023; short-term debt: 24.8% and cash: 92.3% of total assets), and 24.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Three signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 81

Relative position

BE, all sectors

reference

Sector 81

higher

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

24 d early

2023

15 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity

€71k▲ 58.0%

2023 · €45k

2023: €45k

2023 → 2024

Total assets

€95k▲ 56.6%

2023 · €61k

2023: €61k

2023 → 2024

Net result

€26k▼ 39.3%

2023 · €43k

2023: €43k

2023 → 2024

Working capital

€71k▲ 58.0%

2023 · €45k

2023: €45k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€45k-€71k▲ 58.0%

Operating result€54k-€32k▼ 41.4%

Net result€43k-€26k▼ 39.3%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 41% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €95k

75.2%

24.8%

Equity €71k ▲ 58.0%

Debt €23k ▲ 52.6%

Debt's share of the balance-sheet total falls from 25.4% to 24.8%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

Current ratio

4.04▲

2023 · 3.94

Debt to equity

0.33▼

2023 · 0.34

ROE

36.7%▼

2023 · 95.6%

ROA

27.6%▼

2023 · 71.3%

Debt ≤ 1 year

€23k▲

2023 · €15k

Income taxes

€7k▼

2023 · €11k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines

Balance sheet Code20232024

Assets

Total assets20/58€61k€95k▲

Current assets29/58€61k€95k▲

Amounts receivable within one year40/41€7k€7k▼

Trade receivables40€7k€6k▼

Other amounts receivable41€25€407▲

Cash at bank and in hand54/58€53k€87k▲

Deferred charges and accrued income490/1€533€543▲

Equity and liabilities

Total equity and liabilities10/49€61k€95k▲

Equity10/15€45k€71k▲

Contributions10/11€2k€2k=

Reserves13€43k€69k▲

Distributable reserves133€43k€69k▲

Profit (loss) carried forward14€146€335▲

Amounts payable17/49€15k€23k▲

Amounts payable within one year42/48€15k€23k▲

Trade debts44€673€397▼

Suppliers440/4€673€397▼

Taxes, remuneration and social security45€12k€20k▲

Taxes450/3€12k€19k▲

Remuneration and social security454/9-€2k

Other amounts payable47/48€2k€3k▲

Income statement Code20232024

Gross operating margin9900€54k€32k▼

Operating profit (loss)9901€54k€32k▼

Financial income75/76B€62€2k▲

Recurring financial income75€62€2k▲

Financial charges65/66B€8€125▲

Recurring financial charges65€8€125▲

Profit (loss) for the period before taxes9903€54k€33k▼

Income taxes67/77€11k€7k▼

Profit (loss) for the period9904€43k€26k▼

Profit (loss) for the period to be appropriated9905€43k€26k▼

Appropriation of the result

Profit (loss) to be appropriated9906€43k€26k▼

Profit (loss) brought forward from the previous period14P-€146

Transfer to equity691/2€43k€26k▼

To other reserves6921€43k€26k▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

2025

07-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

16-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

NBB filing

Directors · office · real estate

Directors

1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Zulte · 1 establishment unit since 2023

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Olmenlaan 499870 Zulte

Ground area

1,600 m²

Building footprint

303 m²

Volume, LiDAR

1,725 m³

Parcel 44081C0543/00K003, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Vanhulle Miguel

Olmenlaan 49, 9870 ZulteGrowing of vegetables, melons, roots and tubers

since 20232.341.915.441

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44081C0543/00K003	Flanders	1,600 m²	1 · 303 m²	9.0 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2023 · 1 entry · 62 EUR awarded · 62 EUR paid

Year	Entries	awarded	paid
2023	1	62 EUR	62 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 62 EUR · 62 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

JORIS VAN HASSEL TUINEN & LIFTING

Sint-Katelijne-Waver · Eq €71,436

Orp-Jauche · Eq €71,196

CAUBERGH GROENVOORZIENING

BE 0787.327.125

Lanaken · Eq €71,191

Of 21,216 companies in sector 81300 we hold annual accounts for 4,362. 3,641 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded17-02-2023

Fiscal year end31-12

Activities, NACEBEL 2025

81300Landscape service activities

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.