ACTIVE

VITAS

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Financial year 2025 · closed on 31/12/2025

Net result

-2,5 M €

+29.3% YoY

Revenue

37,1 M €

+4.4% YoY

Equity

13,3 M €

-2.1% YoY

Workforce

423,6 ETP

-1.1% YoY

What does VITAS do?

VITAS is a Project leader organization, Flemish Region incorporated in 1990. Its main activity is: Residential nursing care activities. Its registered office is in Peer. It employs on average 423,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0239.946.326

Incorporation

19/01/1990

Legal form

Project leader organization, Flemish Region

Registered office

J.H. Leynenstraat 28
3990 Peer · FlandreSee on map

Contributed capital

2 482 879,32 €

Latest accounts

31/12/2025

Average workforce

423,6 ETP

Activities (NACE)

87101Residential nursing care activities· main 87101Residential nursing care activities

Joint committees (1)

Contacts

3 public details availableLog in to view

Signals

Positive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	37,1 M €	+4.4%	35,5 M €	+4.4%	34 M €	+6.7%	31,8 M €	+35.8%	23,4 M €	+14.1%	20,6 M €	+36.6%	15 M €	+4.9%	14,3 M €	+3.5%	13,8 M €	+2.1%	13,6 M €	+4.3%	13 M €	+10.3%	11,8 M €	+27.7%	9,2 M €	+10.1%	8,4 M €	+4.9%	8 M €	+14.7%	7 M €	+32.8%	5,2 M €	+10.0%	4,8 M €	+6.3%	4,5 M €
EBITDA	2,8 M €	+78.5%	1,6 M €	-24.9%	2,1 M €	+8.8%	1,9 M €	-25.5%	2,6 M €	+50.6%	1,7 M €	+44.6%	1,2 M €	+174%	430,3 k €	-44.7%	778,8 k €	+23.3%	631,7 k €	+112%	297,7 k €	+266%	-179,2 k €	+39.9%	-298,4 k €	-93.9%	-153,9 k €	-175%	205,5 k €	+161%	78,8 k €	-66.7%	236,8 k €	-28.6%	331,7 k €	+2.3%	324,2 k €
Operating result	-1,8 M €	+34.7%	-2,7 M €	+0.2%	-2,8 M €	-10.7%	-2,5 M €	-111%	-1,2 M €	-34.8%	-873,7 k €	-1946%	-42,7 k €	+95.0%	-846,9 k €	-74.9%	-484,2 k €	+19.5%	-601,2 k €	+34.1%	-912,5 k €	+34.0%	-1,4 M €	-40.4%	-984,7 k €	-25.3%	-785,7 k €	-83.5%	-428,2 k €	+21.6%	-545,8 k €	-434%	-102,3 k €	-391%	35,2 k €	+36.9%	25,7 k €
Net result	-2,5 M €	+29.3%	-3,6 M €	-3.8%	-3,5 M €	-16.0%	-3 M €	-82.1%	-1,6 M €	-121%	-741,3 k €	-2283%	-31,1 k €	+96.9%	-1 M €	-120%	-461,8 k €	+22.4%	-595,1 k €	+29.4%	-842,9 k €	+36.2%	-1,3 M €	-48.0%	-892,7 k €	-53.1%	-583,1 k €	-157%	-227,3 k €	+40.5%	-382,2 k €	-224%	-118,1 k €	-198%	121,1 k €	+5.4%	114,8 k €
Balance sheet
Equity	13,3 M €	-2.1%	13,6 M €	-4.2%	14,2 M €	-4.2%	14,8 M €	-2.2%	15,2 M €	-7.0%	16,3 M €	+30.4%	12,5 M €	-1.3%	12,7 M €	+164%	4,8 M €	-0.4%	4,8 M €	-0.4%	4,9 M €	-0.9%	4,9 M €	-1.0%	4,9 M €	+15.7%	4,3 M €	-6.4%	4,6 M €	-6.6%	4,9 M €	+1.8%	4,8 M €	+1.7%	4,7 M €	+0.1%	4,7 M €
Total assets	92,8 M €	-4.6%	97,2 M €	-2.7%	99,9 M €	+2.4%	97,5 M €	+11.3%	87,6 M €	+18.7%	73,8 M €	+109%	35,3 M €	+7.0%	33 M €	+30.6%	25,3 M €	-2.2%	25,8 M €	-4.4%	27 M €	+8.6%	24,9 M €	-11.8%	28,2 M €	+57.1%	18 M €	+29.8%	13,8 M €	-4.8%	14,5 M €	+12.0%	13 M €	+67.1%	7,8 M €	+9.9%	7,1 M €
Cash	1,5 M €	+10.0%	1,4 M €	+6.7%	1,3 M €	-27.9%	1,8 M €	-5.8%	1,9 M €	-19.0%	2,4 M €	+4.4%	2,3 M €	+623%	312,4 k €	-72.3%	1,1 M €	-21.2%	1,4 M €	-23.4%	1,9 M €	+14812%	12,5 k €	-99.7%	4,5 M €	+15.0%	3,9 M €	+200%	1,3 M €	-22.0%	1,7 M €	+422%	321,7 k €	+58.8%	202,5 k €	-71.1%	701,3 k €
Debts	78,4 M €	-5.3%	82,7 M €	-1.8%	84,2 M €	+4.0%	81 M €	+14.4%	70,8 M €	+27.4%	55,6 M €	+145%	22,6 M €	+12.3%	20,2 M €	-0.8%	20,3 M €	-2.6%	20,9 M €	-5.3%	22 M €	+10.9%	19,9 M €	-14.2%	23,2 M €	+70.5%	13,6 M €	+48.0%	9,2 M €	-4.1%	9,6 M €	+18.6%	8,1 M €	+171%	3 M €	+30.1%	2,3 M €
Other
Workforce	423,6 ETP	-1.1%	428,1 ETP	+5.3%	406,7 ETP	+5.4%	386,0 ETP	+20.0%	321,8 ETP	+2.1%	315,1 ETP	+27.0%	248,2 ETP	-5.9%	263,8 ETP	+3.8%	254,1 ETP	+1.1%	251,4 ETP	-2.7%	258,5 ETP	+4.9%	246,5 ETP	+27.1%	193,9 ETP	+11.1%	174,5 ETP	+2.3%	170,5 ETP	+11.4%	153,0 ETP	+23.4%	124,0 ETP	+19.2%	104,0 ETP	-1.0%	105,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 86 ended

Active mandates

Frans Heijlen

Director · since 26 mars 2025

Active

Gilbert Hulsmans

Vice-chairman of the board of directors · since 26 mars 2025

Active

Ann-Sofie Vanoverstijns

Vice-chairman of the board of directors · since 01 janvier 2022

Active

Bilgin Bekdemir

Director · since 01 janvier 2022 · until 26 mars 2025

Active

Carina Gijsbers

Vice-chairman of the board of directors · since 19 juin 2019

Active

Katrien Debruyne

Vice-chairman of the board of directors · since 19 juin 2019 · until 26 mars 2025

Active

Kurt Plessers

Vice-chairman of the board of directors · since 19 juin 2019 · until 26 mars 2025

Active

Raf Nelis

Chairman of the board of directors · since 19 juin 2019

Active

Ended mandates

Bilgin Bekdemir

Director · since 01 janvier 2022

Ended

Katrien Debruyne

Vice-chairman of the board of directors · since 19 juin 2019

Ended

Kurt Plessers

Vice-chairman of the board of directors · since 19 juin 2019

Ended

Katrien Debruyne

Director · since 26 juin 2018 · until 18 juin 2019

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/07/2026	19/06/2025	28/06/2024	28/06/2023	01/07/2022	02/07/2021
General meeting	24/06/2026	18/06/2025	26/06/2024	28/06/2023	29/06/2022	23/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	24/06/2026	01/07/2026	Dutch	PDF
Full model	31/12/2024	18/06/2025	19/06/2025	Dutch	PDF
Full model	31/12/2023	26/06/2024	28/06/2024	Dutch	PDF
Full model	31/12/2022	28/06/2023	28/06/2023	Dutch	PDF
Full model	31/12/2021	29/06/2022	01/07/2022	Dutch	PDF
Full model	31/12/2020	23/06/2021	02/07/2021	Dutch	PDF
Full model	31/12/2019	24/06/2020	14/07/2020	Dutch	PDF
Full model	31/12/2018	19/06/2019	28/06/2019	Dutch	PDF
Full model	31/12/2017	26/06/2018	29/06/2018	Dutch	PDF
Full modelCorrection	31/12/2016	20/06/2017	05/06/2018	Dutch	PDF
Full model	31/12/2016	20/06/2017	21/06/2017	Dutch	PDF
Full model	31/12/2015	22/06/2016	24/06/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	26/06/2015	Dutch	PDF
Full model	31/12/2013	20/06/2014	30/06/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	02/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	12/07/2012	Dutch	PDF
Full model	31/12/2010	17/06/2011	29/06/2011	Dutch	PDF
Full model	31/12/2009	26/06/2010	28/06/2010	Dutch	PDF
Full model	31/12/2008	26/06/2009	30/06/2009	Dutch	PDF
Full model	31/12/2007	27/06/2008	16/07/2008	Dutch	PDF
Full model	31/12/2006	25/05/2007	20/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 86 ended

Active mandates

Frans Heijlen

Director · since 26 mars 2025

Active

Gilbert Hulsmans

Vice-chairman of the board of directors · since 26 mars 2025

Active

Ann-Sofie Vanoverstijns

Vice-chairman of the board of directors · since 01 janvier 2022

Active

Bilgin Bekdemir

Director · since 01 janvier 2022 · until 26 mars 2025

Active

Carina Gijsbers

Vice-chairman of the board of directors · since 19 juin 2019

Active

Katrien Debruyne

Vice-chairman of the board of directors · since 19 juin 2019 · until 26 mars 2025

Active

Kurt Plessers

Vice-chairman of the board of directors · since 19 juin 2019 · until 26 mars 2025

Active

Raf Nelis

Chairman of the board of directors · since 19 juin 2019

Active

Ended mandates

Bilgin Bekdemir

Director · since 01 janvier 2022

Ended

Katrien Debruyne

Vice-chairman of the board of directors · since 19 juin 2019

Ended

Kurt Plessers

Vice-chairman of the board of directors · since 19 juin 2019

Ended

Katrien Debruyne

Director · since 26 juin 2018 · until 18 juin 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office10/11/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates22/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other17/10/2023
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates27/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office03/03/2022
MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates11/02/2021
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-2,5 M €↑
2024
Annual accounts 2024-3,6 M €↓
2023
Annual accounts 2023-3,5 M €↓
28/06/2023
nominationTom Quittelier — commissaris
2022
Annual accounts 2022-3 M €↓
10/01/2022
nominationAnn-Sofie Vanoverstijns — bestuurder
10/01/2022
nominationBilgin Bekdemir — deelnemer met raadgevende stem
2021
Annual accounts 2021-1,6 M €↓
2019
Annual accounts 2019-741,3 k €↓
2018
Annual accounts 2018-31,1 k €↑
2017
Annual accounts 2017-1 M €↓
2016
Annual accounts 2016-461,8 k €↑
2015
Annual accounts 2015-595,1 k €↑
2014
Annual accounts 2014-842,9 k €↑
2013
Annual accounts 2013-1,3 M €↓
2012
Annual accounts 2012-892,7 k €↓
2011
Annual accounts 2011-583,1 k €↓
2011
Name changeVITAS
2010
Annual accounts 2010-227,3 k €↑
2009
Annual accounts 2009-382,2 k €↓
2008
Annual accounts 2008-118,1 k €↓
2007
Annual accounts 2007121,1 k €↑
2006
Annual accounts 2006114,8 k €
2006
Name changeOpdrachthoudende Vereniging St. Antonius
19/01/1990
IncorporationProject leader organization, Flemish Region

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

VITAS

Overview

What does VITAS do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline