ACTIVE

VH-TRANS

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Financial year 2025 · closed on 31/12/2025
Net result
77,2 k €
+213.9% YoY
Gross margin
1,5 M €
+7.0% YoY
Equity
1,2 M €
+6.8% YoY
Workforce
17,0 ETP
-14.1% YoY

What does VH-TRANS do?

VH-TRANS is a Public limited company incorporated in 1957. Its registered office is in Oudenburg. It employs on average 17,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0401.055.903
Incorporation
02/03/1957
Legal form
Public limited company
Registered office
Stationsstraat 30
8460 Oudenburg · FlandreSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Average workforce
17,0 ETP
Joint committees (4)
  • 140
  • 14003
  • 200
  • 226
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 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Gross margin1,5 M €1,4 M €1,5 M €1,5 M €2,1 M €2,4 M €2,4 M €2,5 M €1,8 M €1,7 M €––––––––
EBITDA424,4 k €235,2 k €210,6 k €269,4 k €273,1 k €407,2 k €448,3 k €436,4 k €507,5 k €485,8 k €431,3 k €457,5 k €284,5 k €492,7 k €486,7 k €409 k €242,9 k €203,3 k €
Operating result68 k €-61,3 k €-48,7 k €44,6 k €21,2 k €63,2 k €103,1 k €77,3 k €143,6 k €127,9 k €46,6 k €71,7 k €7,5 k €35,9 k €78,7 k €49,9 k €-27,3 k €12 k €
Net result77,2 k €-67,7 k €-56,5 k €29,9 k €13,8 k €40,2 k €97,1 k €71,5 k €133,8 k €109,5 k €58,5 k €34,8 k €157,7 k €8,3 k €12,9 k €24,9 k €-51,8 k €62,3 k €
Balance sheet
Equity1,2 M €1,1 M €1,2 M €1,3 M €1,2 M €1,2 M €1,2 M €1,1 M €1 M €879,5 k €770 k €711,5 k €676,7 k €519,6 k €440,5 k €427,5 k €399,5 k €451,3 k €
Total assets2 M €2,1 M €2,4 M €2 M €2,4 M €2,8 M €2,7 M €1,9 M €1,9 M €1,8 M €2 M €2,4 M €2,9 M €2,2 M €2,4 M €2,4 M €1,5 M €1,4 M €
Cash–––208,2 €208,2 €208,2 €208,2 €143,2 €183,3 €229,9 €428,5 €133,3 €65,7 €13,3 k €33 k €67 k €146,2 k €139,3 k €
Debts801,2 k €1 M €1,2 M €740,9 k €1,2 M €1,6 M €1,5 M €856,9 k €893,1 k €914,5 k €1,2 M €1,7 M €2,2 M €1,7 M €2 M €2 M €1,1 M €940,2 k €
Other
Workforce17,0 ETP19,8 ETP21,3 ETP21,2 ETP32,6 ETP35,2 ETP33,9 ETP32,9 ETP22,3 ETP21,2 ETP23,0 ETP23,3 ETP30,3 ETP34,3 ETP34,7 ETP28,8 ETP23,9 ETP15,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 44 ended

Active mandates

BOUW BEHEER

Director · since 27 septembre 2023 · until 29 juin 2029 · 0454.532.201

Represented by Pieter De Poorter

Active
HAVECON

Director · since 01 décembre 2022 · until 30 juin 2028 · 0508.704.028

Represented by Hans De Keyser

Active
GROEP VERHELST

Managing director · since 30 juin 2021 · until 25 juin 2027 · 0842.100.847

Represented by Kathleen Verhelst

Active

Ended mandates

BOUW BEHEER

Director · since 27 septembre 2023 · until 29 juin 2029 · 0454.532.201

Represented by Pieter De Poorter

Ended
STP

Director · since 30 juin 2022 · until 30 juin 2028 · 0872.231.918

Represented by Stefaan Tavernier

Ended
GROEP VERHELST

Managing director · since 30 juin 2021 · until 25 juin 2027 · 0842.100.847

Represented by Kathleen Verhelst

Ended
BOUW BEHEER

Director · since 28 juin 2019 · until 30 juin 2021 · 0454.532.201

Represented by Kathleen Verhelst

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date20/07/202622/07/202531/07/202404/07/202306/07/202214/07/2021
General meeting26/06/202604/07/202504/07/202430/06/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202620/07/2026DutchPDF
Abridged model31/12/202404/07/202522/07/2025DutchPDF
Abridged model31/12/202304/07/202431/07/2024DutchPDF
Abridged model31/12/202230/06/202304/07/2023DutchPDF
Abridged model31/12/202130/06/202206/07/2022DutchPDF
Abridged model31/12/202030/06/202114/07/2021DutchPDF
Abridged model31/12/201926/06/202017/07/2020DutchPDF
Abridged model31/12/201828/06/201908/07/2019DutchPDF
Abridged model31/12/201721/06/201813/07/2018DutchPDF
Abridged model31/12/201630/06/201707/07/2017DutchPDF
Full model31/12/201524/06/201613/07/2016DutchPDF
Full model31/12/201426/06/201514/07/2015DutchPDF
Full model31/12/201327/06/201408/07/2014DutchPDF
Full model31/12/201228/06/201316/07/2013DutchPDF
Full model31/12/201129/06/201211/07/2012DutchPDF
Full model31/12/201024/06/201107/07/2011DutchPDF
Full model31/12/200925/06/201028/06/2010DutchPDF
Full model31/12/200826/06/200907/07/2009DutchPDF
Full model31/12/200727/06/200818/07/2008DutchPDF
Full model31/12/200629/06/200716/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 3 active · 44 ended

Active mandates

BOUW BEHEER

Director · since 27 septembre 2023 · until 29 juin 2029 · 0454.532.201

Represented by Pieter De Poorter

Active
HAVECON

Director · since 01 décembre 2022 · until 30 juin 2028 · 0508.704.028

Represented by Hans De Keyser

Active
GROEP VERHELST

Managing director · since 30 juin 2021 · until 25 juin 2027 · 0842.100.847

Represented by Kathleen Verhelst

Active

Ended mandates

BOUW BEHEER

Director · since 27 septembre 2023 · until 29 juin 2029 · 0454.532.201

Represented by Pieter De Poorter

Ended
STP

Director · since 30 juin 2022 · until 30 juin 2028 · 0872.231.918

Represented by Stefaan Tavernier

Ended
GROEP VERHELST

Managing director · since 30 juin 2021 · until 25 juin 2027 · 0842.100.847

Represented by Kathleen Verhelst

Ended
BOUW BEHEER

Director · since 28 juin 2019 · until 30 juin 2021 · 0454.532.201

Represented by Kathleen Verhelst

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates28/07/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/09/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/12/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/07/2021
    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

Timeline

  1. 2025
    Annual accounts 202577,2 k €↑
  2. 2024
    Annual accounts 2024-67,7 k €↓
  3. 2023
    Annual accounts 2023-56,5 k €↓
  4. 2022
    Annual accounts 202229,9 k €↑
  5. 2021
    Annual accounts 202113,8 k €↓
  6. 2020
    Annual accounts 202040,2 k €↓
  7. 2019
    Annual accounts 201997,1 k €↑
  8. 2018
    Annual accounts 201871,5 k €↓
  9. 2017
    Annual accounts 2017133,8 k €↑
  10. 2016
    Annual accounts 2016109,5 k €↑
  11. 2015
    Annual accounts 201558,5 k €↑
  12. 2014
    Annual accounts 201434,8 k €↓
  13. 2013
    Annual accounts 2013157,7 k €↑
  14. 2012
    Annual accounts 20128,3 k €↓
  15. 2011
    Annual accounts 201112,9 k €↓
  16. 2010
    Annual accounts 201024,9 k €↑
  17. 2009
    Annual accounts 2009-51,8 k €↓
  18. 2009
    Name changeVH -TRANS
  19. 2008
    Annual accounts 200862,3 k €
  20. 2008
    Name changeDOSSAN
  21. 02/03/1957
    IncorporationPublic limited company