ACTIVE

Van Hoorebeke en Zoon

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Financial year 2025 · closed on 31/12/2025

Net result

2,4 M €

+92.6% YoY

Gross margin

6,6 M €

+24.4% YoY

Equity

6,9 M €

+52.4% YoY

Workforce

39,0 ETP

What does Van Hoorebeke en Zoon do?

Van Hoorebeke en Zoon is a Private limited company incorporated in 1945. Its main activity is: Urban and suburban passenger land transport. Its registered office is in Maldegem. It employs on average 39,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0401.054.616

Incorporation

21/02/1945

Legal form

Private limited company

Registered office

Mevrouw Courtmanslaan 87
9990 Maldegem · FlandreSee on map

Contributed capital

29 815,12 €

Latest accounts

31/12/2025

Average workforce

39,0 ETP

Activities (NACE)

49310Urban and suburban passenger land transport· main 49310Urban and suburban passenger land transport 60212Television programming and broadcasting activities

Joint committees (5)

140
14001
14002
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	6,6 M €	+24.4%	5,3 M €	+31.5%	4 M €	+14.3%	3,5 M €	+5.9%	3,3 M €	-5.4%	3,5 M €	+23.5%	2,8 M €	+5.0%	2,7 M €	+9.0%	2,5 M €	-1.5%	2,5 M €	-0.8%	2,5 M €	+3.1%	2,5 M €	+2.0%	2,4 M €	-6.7%	2,6 M €	+16.8%	2,2 M €	-5.8%	2,3 M €	-2.0%	2,4 M €	-17.1%	2,9 M €	+42.8%	2 M €
EBITDA	3,9 M €	+43.3%	2,7 M €	+40.8%	1,9 M €	+22.5%	1,6 M €	+6.5%	1,5 M €	-25.9%	2 M €	+50.0%	1,3 M €	+9.0%	1,2 M €	+21.3%	1 M €	-0.2%	1 M €	+3.0%	983,4 k €	+6.3%	924,7 k €	+4.9%	881,3 k €	-14.4%	1 M €	+37.5%	748,5 k €	-20.9%	946,1 k €	+1.9%	928 k €	-38.3%	1,5 M €	+123%	674,1 k €
Operating result	2,6 M €	+12.7%	2,3 M €	+66.6%	1,4 M €	+16.8%	1,2 M €	+13.9%	1,1 M €	-33.3%	1,6 M €	+76.2%	894,7 k €	+7.1%	835,1 k €	+23.6%	675,9 k €	+12.2%	602,3 k €	+7.8%	558,9 k €	-0.3%	560,6 k €	+38.3%	405,4 k €	-20.1%	507,7 k €	+87.4%	270,9 k €	-52.1%	565,4 k €	+11.8%	505,5 k €	-56.2%	1,2 M €	+196%	389,5 k €
Net result	2,4 M €	+92.6%	1,2 M €	+39.4%	887,5 k €	+1.7%	872,4 k €	+77.8%	490,6 k €	-66.0%	1,4 M €	+109%	690,6 k €	+34.8%	512,5 k €	+27.1%	403,3 k €	-18.4%	494,2 k €	+18.1%	418,5 k €	-11.0%	470,4 k €	+50.9%	311,6 k €	-15.5%	368,8 k €	+45.3%	253,9 k €	-27.8%	351,8 k €	-29.1%	495,9 k €	-36.8%	784,5 k €	+178%	282,3 k €
Balance sheet
Equity	6,9 M €	+52.4%	4,6 M €	+30.2%	3,5 M €	-64.7%	9,9 M €	+4.1%	9,5 M €	-14.6%	11,2 M €	+204%	3,7 M €	+23.1%	3 M €	-4.8%	3,1 M €	+0.0%	3,1 M €	+2.5%	3,1 M €	-5.6%	3,2 M €	+13.7%	2,8 M €	+0.4%	2,8 M €	-1.6%	2,9 M €	+9.6%	2,6 M €	+0.1%	2,6 M €	+23.2%	2,1 M €	+58.1%	1,3 M €
Total assets	11,7 M €	+71.3%	6,9 M €	+47.1%	4,7 M €	-58.3%	11,2 M €	+13.1%	9,9 M €	-15.5%	11,7 M €	+195%	4 M €	-4.3%	4,1 M €	+7.8%	3,8 M €	-4.9%	4 M €	-2.1%	4,1 M €	+12.2%	3,7 M €	+6.1%	3,5 M €	-3.0%	3,6 M €	+13.3%	3,1 M €	-3.2%	3,3 M €	+11.3%	2,9 M €	+11.2%	2,6 M €	+28.4%	2 M €
Cash	1,5 M €	-49.8%	2,9 M €	+191%	997,2 k €	-61.6%	2,6 M €	+85.2%	1,4 M €	-47.4%	2,7 M €	+141%	1,1 M €	-19.6%	1,4 M €	+0.0%	1,4 M €	+18.3%	1,2 M €	+7.8%	1,1 M €	+91.1%	563,9 k €	-34.5%	860,6 k €	+12.7%	763,7 k €	+26.4%	604,1 k €	-63.1%	1,6 M €	+51.9%	1,1 M €	+148%	435,6 k €	+86.8%	233,1 k €
Debts	4,8 M €	+109%	2,3 M €	+97.9%	1,2 M €	-7.9%	1,3 M €	+256%	355,4 k €	-32.7%	528,1 k €	+86.3%	283,5 k €	-75.4%	1,2 M €	+64.0%	702 k €	-22.1%	901,6 k €	-15.0%	1,1 M €	+146%	431,2 k €	-29.2%	609,2 k €	-16.2%	727,3 k €	+178%	261,3 k €	-57.9%	620,5 k €	+112%	292,4 k €	-40.7%	493,3 k €	-29.2%	697 k €
Other
Workforce	39,0 ETP		–		–		–		28,0 ETP		–		28,4 ETP	0.0%	28,4 ETP	+1.4%	28,0 ETP	-6.4%	29,9 ETP	-3.2%	30,9 ETP	-0.3%	31,0 ETP	+2.0%	30,4 ETP	+2.4%	29,7 ETP	+2.4%	29,0 ETP	0.0%	29,0 ETP	-4.9%	30,5 ETP	-1.0%	30,8 ETP	+2.3%	30,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

Yves De Laere

Administrator - manager · since 09 juillet 2000

Active

Annie Van Hoorebeke

Administrator - manager

Active

Ended mandates

Yves De Laere

Manager · since 09 juillet 2000

Ended

Annie Van Hoorebeke

Manager

Ended

Yves De Laere

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	02/07/2026	31/07/2025	01/10/2024	24/08/2023	04/07/2022	02/08/2021
General meeting	29/05/2026	16/06/2025	17/06/2024	19/06/2023	20/06/2022	21/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	02/07/2026	Dutch	PDF
Abridged model	31/12/2024	16/06/2025	31/07/2025	Dutch	PDF
Abridged model	31/12/2023	17/06/2024	01/10/2024	Dutch	PDF
Abridged model	31/12/2022	19/06/2023	24/08/2023	Dutch	PDF
Abridged model	31/12/2021	20/06/2022	04/07/2022	Dutch	PDF
Abridged model	31/12/2020	21/06/2021	02/08/2021	Dutch	PDF
Abridged model	31/12/2019	15/06/2020	18/06/2020	Dutch	PDF
Abridged model	31/12/2018	17/06/2019	04/07/2019	Dutch	PDF
Abridged model	31/12/2017	18/06/2018	30/08/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	26/07/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	14/07/2016	Dutch	PDF
Abridged model	31/12/2014	29/06/2015	24/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	24/07/2014	Dutch	PDF
Abridged model	31/12/2012	17/06/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	28/06/2012	18/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	19/07/2011	Dutch	PDF
Abridged model	31/12/2009	29/06/2010	20/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	16/07/2009	Dutch	PDF
Abridged model	31/12/2007	16/06/2008	15/07/2008	Dutch	PDF
Abridged model	31/12/2006	28/06/2007	10/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 2 active · 3 ended

Active mandates

Yves De Laere

Administrator - manager · since 09 juillet 2000

Active

Annie Van Hoorebeke

Administrator - manager

Active

Ended mandates

Yves De Laere

Manager · since 09 juillet 2000

Ended

Annie Van Hoorebeke

Manager

Ended

Yves De Laere

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring28/10/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - KAPITAAL - AANDELEN
PDF
Restructuring17/04/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates11/08/2021
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring14/08/2019
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/06/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 20252,4 M €↑
2024
Annual accounts 20241,2 M €↑
2023
Annual accounts 2023887,5 k €↑
2022
Annual accounts 2022872,4 k €↑
2021
Annual accounts 2021490,6 k €↓
2020
Annual accounts 20201,4 M €↑
2018
Annual accounts 2018690,6 k €↑
2017
Annual accounts 2017512,5 k €↑
2016
Annual accounts 2016403,3 k €↓
2015
Annual accounts 2015494,2 k €↑
2014
Annual accounts 2014418,5 k €↓
2013
Annual accounts 2013470,4 k €↑
2012
Annual accounts 2012311,6 k €↓
2011
Annual accounts 2011368,8 k €↑
2010
Annual accounts 2010253,9 k €↓
2009
Annual accounts 2009351,8 k €↓
2008
Annual accounts 2008495,9 k €↓
2007
Annual accounts 2007784,5 k €↑
2006
Annual accounts 2006282,3 k €
21/02/1945
IncorporationPrivate 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

Van Hoorebeke en Zoon

Overview

What does Van Hoorebeke en Zoon 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