ACTIVE

VANA REAL ESTATE

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Financial year 2025 · closed on 31/12/2025

Net result

14,4 M €

+329.3% YoY

Revenue

4,5 M €

-17.1% YoY

Equity

43,7 M €

+38.4% YoY

Workforce

1,8 ETP

+38.5% YoY

What does VANA REAL ESTATE do?

VANA REAL ESTATE is a Public limited company incorporated in 1948. Its main activity is: Buying and selling of own real estate. Its registered office is in Diest. It employs on average 1,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0400.942.768

Incorporation

28/09/1948

Legal form

Public limited company

Registered office

Egide Alenusstraat 10
3290 Diest · FlandreSee on map

Contributed capital

5 902 956,51 €

Latest accounts

31/12/2025

Average workforce

1,8 ETP

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate

Joint committees (3)

311
323
32300

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2011		2010		2009		2008		2007		2006
Income statement
Revenue	4,5 M €	-17.1%	5,4 M €	-6.9%	5,8 M €	+7.5%	5,4 M €	+25.4%	4,3 M €	-0.8%	4,4 M €	-10.4%	4,9 M €	-9.1%	5,4 M €	+427937%	1,3 k €		–		–		–		137,9 M €	+5.5%	130,8 M €	+11.6%	117,2 M €	+2.4%	114,4 M €	-7.2%	123,3 M €	-1.0%	124,5 M €
EBITDA	19,3 M €	+158%	7,5 M €	+14.4%	6,5 M €	+41.9%	4,6 M €	-14.9%	5,4 M €	+6.3%	5,1 M €	-16.5%	6,1 M €	-14.8%	7,1 M €	+33.9%	5,3 M €	+31.3%	4,1 M €	+0.4%	4 M €	+0.8%	4 M €	-70.6%	13,7 M €	-11.5%	15,4 M €	+14.7%	13,5 M €	-12.7%	15,4 M €	+17.2%	13,2 M €	+26.8%	10,4 M €
Operating result	17,8 M €	+272%	4,8 M €	+15.8%	4,1 M €	+72.7%	2,4 M €	-27.1%	3,3 M €	-4.8%	3,4 M €	-24.8%	4,6 M €	-16.8%	5,5 M €	+42.8%	3,9 M €	+45.6%	2,6 M €	-10.3%	2,9 M €	-1.2%	3 M €	-49.2%	5,9 M €	-24.7%	7,8 M €	+30.6%	6 M €	-18.0%	7,3 M €	+53.1%	4,8 M €	+100%	2,4 M €
Net result	14,4 M €	+329%	3,4 M €	+415%	-1,1 M €	-164%	1,7 M €	-21.1%	2,1 M €	-13.8%	2,4 M €	-19.1%	3 M €	-17.9%	3,7 M €	+62.9%	2,2 M €	+47.5%	1,5 M €	+14.0%	1,3 M €	-45.1%	2,4 M €	-54.8%	5,4 M €	+43.0%	3,8 M €	-41.4%	6,4 M €	+243%	1,9 M €	+153%	-3,5 M €	-181%	4,3 M €
Balance sheet
Equity	43,7 M €	+38.4%	31,6 M €	+8.4%	29,1 M €	-3.5%	30,2 M €	+1.7%	29,7 M €	+3.8%	28,6 M €	+8.2%	26,4 M €	+12.8%	23,4 M €	+14.4%	20,5 M €	+5.9%	19,3 M €	+6.3%	18,2 M €	+7.9%	16,9 M €	-69.6%	55,4 M €	+10.8%	50 M €	+5.7%	47,3 M €	+15.7%	40,9 M €	+4.8%	39 M €	-8.3%	42,5 M €
Total assets	63,6 M €	+9.8%	57,9 M €	-3.1%	59,7 M €	-5.4%	63,1 M €	-9.0%	69,4 M €	+22.6%	56,6 M €	+1.5%	55,7 M €	+12.9%	49,4 M €	+12.7%	43,8 M €	+1.4%	43,2 M €	+12.2%	38,5 M €	-0.7%	38,8 M €	-68.2%	121,9 M €	+7.3%	113,6 M €	-10.7%	127,3 M €	+2.6%	124,1 M €	-0.1%	124,2 M €	-9.3%	137 M €
Cash	1,5 M €	+192%	526,7 k €	-4.6%	551,8 k €	-72.3%	2 M €	+152%	790,6 k €	-76.8%	3,4 M €	+38.9%	2,5 M €	+3833%	62,4 k €	-78.5%	290,2 k €	-49.4%	573,3 k €	+2680%	20,6 k €	+107%	10 k €	-99.8%	5 M €	-53.4%	10,8 M €	-18.4%	13,2 M €	+14.2%	11,6 M €	+426%	2,2 M €	+205%	722,5 k €
Debts	14,7 M €	-34.9%	22,6 M €	-17.8%	27,5 M €	-7.3%	29,7 M €	-17.5%	36 M €	+43.3%	25,1 M €	-3.7%	26,1 M €	+14.7%	22,8 M €	+12.0%	20,3 M €	-3.6%	21,1 M €	+11.9%	18,8 M €	-7.9%	20,4 M €	-67.8%	63,4 M €	+6.3%	59,7 M €	-21.4%	75,9 M €	-1.7%	77,3 M €	+1.1%	76,4 M €	-11.3%	86,1 M €
Other
Workforce	1,8 ETP	+38.5%	1,3 ETP	+30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-9.1%	1,1 ETP	0.0%	1,1 ETP	0.0%	1,1 ETP	0.0%	1,1 ETP	+22.2%	0,9 ETP	-10.0%	1,0 ETP	-99.6%	267,9 ETP	+2.9%	260,3 ETP	-2.2%	266,2 ETP	-5.5%	281,7 ETP	-0.1%	281,9 ETP	+6.6%	264,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 86 ended

Active mandates

ELPEE

Director · since 30 juin 2023 · until 30 juin 2028 · 0654.895.401

Represented by Luc Plasman

Active

Nicolas Meerschaert

Managing director · since 30 juin 2023 · until 30 juin 2028

Active

Record Vastgoed

Director · since 30 juin 2023 · until 30 juin 2028

Represented by Susanna Van Der Mispel

Active

Bel-air Consulting

Director · since 31 mai 2022 · until 30 juin 2028 · 0817.665.161

Represented by Belinde Bakker

Active

William Vanaudenhove

Director · since 31 mai 2022 · until 30 juin 2028

Active

Ended mandates

Magnolia Lab

Director · since 27 juin 2024 · 1017.501.888

Represented by Vanaudenhove Lore

Ended

Neil Vanonckelen

Director · since 27 juin 2024

Ended

ELPEE

Chairman of the board of directors · since 30 juin 2023 · until 30 juin 2028 · 0654.895.401

Represented by Luc PLASMAN

Ended

ELPEE

Director · since 30 juin 2023 · 0654.895.401

Represented by Luc Plasman

Ended

At this address

Other companies at this address

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DRI● Active	0781.398.346
EV Services● Active	0843.020.565
WINKELPARK DEN BOOM● Active	0404.067.752

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Consolidated accounts
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	10/07/2026	05/03/2026	06/03/2025	29/07/2023	28/06/2022	25/06/2021
General meeting	26/06/2026	07/12/2025	28/06/2024	30/06/2023	31/05/2022	01/01/9999
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

42 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	10/07/2026	Dutch	PDF
Full model	31/12/2024	07/12/2025	05/03/2026	Dutch	PDF
Full model	31/12/2023	28/06/2024	06/03/2025	Dutch	PDF
Consolidated accounts	31/12/2023	26/07/2024	31/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	29/07/2023	Dutch	PDF
Consolidated accounts	31/12/2022	30/06/2023	04/07/2023	Dutch	PDF
Full model	31/12/2021	31/05/2022	28/06/2022	Dutch	PDF
Consolidated accounts	31/12/2021	31/05/2022	01/07/2022	Dutch	PDF
Full model	31/12/2020	28/05/2021	18/06/2021	Dutch	PDF
Consolidated accounts	31/12/2020	01/01/9999	25/06/2021	Dutch	PDF
Full model	31/12/2019	31/07/2020	24/08/2020	Dutch	PDF
Consolidated accounts	31/12/2019	31/07/2020	07/08/2020	Dutch	PDF
Full modelCorrection	31/12/2018	24/05/2019	29/08/2019	Dutch	PDF
Full model	31/12/2018	24/05/2019	11/06/2019	Dutch	PDF
Consolidated accountsCorrection	31/12/2018	24/05/2019	29/08/2019	Dutch	PDF
Consolidated accounts	31/12/2018	24/05/2019	11/06/2019	Dutch	PDF
Full model	31/12/2017	25/05/2018	11/06/2018	Dutch	PDF
Consolidated accounts	31/12/2017	25/05/2018	11/06/2018	Dutch	PDF
Full model	31/12/2016	31/05/2017	01/06/2017	Dutch	PDF
Consolidated accounts	31/12/2016	31/05/2017	01/06/2017	Dutch	PDF
Full model	31/12/2015	27/05/2016	08/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	27/05/2016	08/06/2016	Dutch	PDF
Full model	31/12/2014	29/05/2015	15/06/2015	Dutch	PDF
Consolidated accounts	31/12/2014	29/05/2015	15/06/2015	Dutch	PDF

View all 42 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

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 · 5 active · 86 ended

Active mandates

ELPEE

Director · since 30 juin 2023 · until 30 juin 2028 · 0654.895.401

Represented by Luc Plasman

Active

Nicolas Meerschaert

Managing director · since 30 juin 2023 · until 30 juin 2028

Active

Record Vastgoed

Director · since 30 juin 2023 · until 30 juin 2028

Represented by Susanna Van Der Mispel

Active

Bel-air Consulting

Director · since 31 mai 2022 · until 30 juin 2028 · 0817.665.161

Represented by Belinde Bakker

Active

William Vanaudenhove

Director · since 31 mai 2022 · until 30 juin 2028

Active

Ended mandates

Magnolia Lab

Director · since 27 juin 2024 · 1017.501.888

Represented by Vanaudenhove Lore

Ended

Neil Vanonckelen

Director · since 27 juin 2024

Ended

ELPEE

Chairman of the board of directors · since 30 juin 2023 · until 30 juin 2028 · 0654.895.401

Represented by Luc PLASMAN

Ended

ELPEE

Director · since 30 juin 2023 · 0654.895.401

Represented by Luc Plasman

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office22/01/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates04/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL - ALGEMENE VERGADERING
PDF
Mandates06/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/01/2019
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 202514,4 M €↑
2024
Annual accounts 20243,4 M €↑
2023
Annual accounts 2023-1,1 M €↓
30/06/2023
reconductionElpee BV — bestuurder
30/06/2023
reconductionRecord Vastgoed — bestuurder
30/06/2023
reconductionNicolas Meerschaert — bestuurder
2023
Name changeVANA REAL ESTATE (2023)
2022
Annual accounts 20221,7 M €↓
31/05/2022
reconductionBel-air Consulting BV — bestuurder
31/05/2022
reconductionTom Vanaudenhove — bestuurder
31/05/2022
reconductionWilliam Vanaudenhove — bestuurder
2021
Annual accounts 20212,1 M €↓
2021
Name changeVANA REAL ESTATE
2020
Annual accounts 20202,4 M €↓
2019
Annual accounts 20193 M €↓
2018
Annual accounts 20183,7 M €↑
2017
Annual accounts 20172,2 M €↑
2016
Annual accounts 20161,5 M €↑
2014
Annual accounts 20141,3 M €↓
2013
Annual accounts 20132,4 M €↓
2011
Annual accounts 20115,4 M €↑
2010
Annual accounts 20103,8 M €↓
2009
Annual accounts 20096,4 M €↑
2008
Annual accounts 20081,9 M €↑
2007
Annual accounts 2007-3,5 M €↓
2006
Annual accounts 20064,3 M €
28/09/1948
IncorporationPublic limited company

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

VANA REAL ESTATE

Overview

What does VANA REAL ESTATE do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

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