Vanhullebus – Gailliaert
ActiveVanhullebus – Gailliaert has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €151k and a net result of €28k. Its solvency ranks better than 36% of 1329 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▼-10
Solvency59▲+6
Growth52
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.92 against 0.49 in 2023; short-term debt: 37.7% and cash: 21.7% of total assets), and 66.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
37 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€151k▲ 23.2%
2023 · €122k
2023: €122k
2023 → 2024
Total assets
€449k▲ 4.3%
2023 · €431k
2023: €431k
2023 → 2024
Net result
€28k▼ 54.0%
2023 · €62k
2023: €62k
2023 → 2024
Working capital
€-13k▲ 82.6%
2023 · €-73k
2023: €-73k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€122k-€151k▲ 23.2%
Operating result€83k-€46k▼ 43.8%
Net result€62k-€28k▼ 54.0%
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 44% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €449k
Fixed assets
€292k▼ 18.9%
Current assets
€156k▲ 124%
Equity and liabilities €449k
Equity
€151k▲ 23.2%
Debt
€298k▼ 3.2%
The debt ratio falls from 71.6% to 66.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€142k▼
2023 · €170k
Cash flow
€124k▼
2023 · €149k
Solvency
33.5%▲
2023 · 28.4%
Current ratio
0.92▲
2023 · 0.49
Quick ratio
0.92▲
2023 · 0.49
Debt / equity
1.98▼
2023 · 2.52
ROE
18.8%▼
2023 · 50.4%
ROA
6.3%▼
2023 · 14.3%
Interest coverage
15.07▼
2023 · 21.87
Debt
€298k▼
2023 · €308k
Debt ≤ 1 year
€169k▲
2023 · €143k
Debt > 1 year
€127k▼
2023 · €165k
Income taxes
€9k▼
2023 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€431k€449k▲
Fixed assets21/28€361k€292k▼
Intangible fixed assets21€1k€542▼
Tangible fixed assets22/27€359k€292k▼
Plant, machinery and equipment23€53k€58k▲
Furniture and vehicles24€48k€41k▼
Leasing and similar rights25€166k€113k▼
Other tangible fixed assets26€92k€81k▼
Current assets29/58€70k€156k▲
Stocks and contracts in progress3-€2k
Stocks30/36-€2k
Amounts receivable within one year40/41€48k€30k▼
Trade receivables40€33k€10k▼
Other amounts receivable41€15k€20k▲
Cash at bank and in hand54/58€19k€97k▲
Deferred charges and accrued income490/1€3k€28k▲
Equity and liabilities
Total equity and liabilities10/49€431k€449k▲
Equity10/15€122k€151k▲
Contributions10/11€2k€2k=
Reserves13€120k€149k▲
Tax-exempt reserves132€21k€42k▲
Distributable reserves133€99k€106k▲
Amounts payable17/49€308k€298k▼
Amounts payable after more than one year17€165k€127k▼
Financial debts170/4€165k€127k▼
Amounts payable within one year42/48€143k€169k▲
Current portion of amounts payable after more than one year42€37k€38k▲
Trade debts44€34k€19k▼
Suppliers440/4€34k€19k▼
Advances received on contracts in progress46€6k€9k▲
Taxes, remuneration and social security45€2k€0▼
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€64k€103k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€96k▲
Other operating charges640/8€499€642▲
Non-recurring operating charges66A€4k€937▼
Gross operating margin9900€175k€144k▼
Operating profit (loss)9901€83k€46k▼
Financial income75/76B€401€358▼
Recurring financial income75€401€358▼
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€75k€37k▼
Income taxes67/77€14k€9k▼
Profit (loss) for the period9904€62k€28k▼
Transfer to tax-exempt reserves689€21k€21k=
Profit (loss) for the period to be appropriated9905€41k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€7k▼
Transfer to equity691/2€41k€7k▼
To other reserves6921€41k€7k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €151k ▲23.2%
2 profitable years in a row build equity to €151k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Beernem · 1 establishment unit since 2018
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.
Vullaertstraat 908730 BeernemGround area
1,904 m²
Building footprint
168 m²
Volume, LiDAR
798 m³
Parcel 31021G0356/00W000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Grondwerken Vanhullebus
since 20182.279.807.232
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31021G0356/00W000 | Flanders | 1,904 m² | 1 · 168 m² | 9.4 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.
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GKL AFSLUITINGEN
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Of 2,327 companies in sector 42110 we hold annual accounts for 1,097. 765 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-08-2018
Fiscal year end31-12
Trade name NL
PhotoBarn
Activities, NACEBEL
42110Construction of roads and motorways
74209Other photographic activities
81210General cleaning of buildings
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.