ACTIVE

VAHF

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Financial year 2020 · closed on 31/12/2020
Net result
2,5 M €
+824.5% YoY
Gross margin
5,6 M €
+187.6% YoY
Equity
14,3 M €
-26.9% YoY
Workforce
6,5 ETP
+12.1% YoY

What does VAHF do?

VAHF is a Public limited company incorporated in 1971. Its registered office is in Watermael-Boitsfort. It employs on average 6,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0408.217.768
Incorporation
30/03/1971
Legal form
Public limited company
Registered office
Rue du Gruyer 50
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
14 639 038,82 €
Latest accounts
31/12/2020
Average workforce
6,5 ETP
Activities (NACE)
35110Production of electricity· main35110Production of electricity35150Electric power generation, transmission and distribution68203Rental and operating of own or leased real estate
Joint committees (1)
  • 323
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20202019201820172016201520142013201220112006
Income statement
Gross margin5,6 M €1,9 M €1,3 M €1,3 M €1,2 M €1,3 M €1,2 M €1,4 M €659,1 k €601,4 k €171,7 k €
EBITDA5 M €1,4 M €836,3 k €898,2 k €831,4 k €1 M €977 k €1,2 M €543,2 k €483,7 k €110,7 k €
Operating result3,6 M €23,2 k €-539,1 k €-459,4 k €-486,1 k €-641,1 k €-629 k €-320,2 k €-248,6 k €-299,2 k €-153,4 k €
Net result2,5 M €-339,7 k €-754,3 k €812,1 k €6,2 M €-1 M €2 M €-257,5 k €488,1 k €-110,6 k €137,7 k €
Balance sheet
Equity14,3 M €19,5 M €19,9 M €19,3 M €18,5 M €19,1 M €20 M €17,9 M €18,1 M €5,6 M €2,6 M €
Total assets41,2 M €36,7 M €28,9 M €36,4 M €28,8 M €30,5 M €30,5 M €28,7 M €27,8 M €15,5 M €6,9 M €
Cash495,8 k €177,3 k €56,9 k €555,2 k €83,1 k €65,6 k €201,3 k €722,5 k €851,4 k €368,8 k €179,5 k €
Debts20,2 M €17,2 M €9 M €17 M €10,3 M €11,5 M €10,5 M €8,1 M €7 M €7,4 M €4,1 M €
Other
Workforce6,5 ETP5,8 ETP5,2 ETP4,1 ETP3,4 ETP2,3 ETP1,4 ETP1,0 ETP0,9 ETP1,0 ETP1,3 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 31/12/2020 · 1 active · 47 ended

Active mandates

Vicinity Partners

Director · since 31 décembre 2020 · 0724.935.240

Represented by Jean-Baptiste Van Ex

Active

Ended mandates

BRENUS

Director · since 12 juin 2018 · until 08 juin 2021 · 0468.485.848

Represented by OLIVIER VAN CAUWELAERT

Ended
CHLOE HUPIN

Director · since 12 juin 2018 · until 08 juin 2021

Ended
PHILIPPE BORREMANS

Director · since 28 juin 2016

Ended
JEAN-JACQUES DELENS

Director · since 29 janvier 2016 · until 08 juin 2021

Ended
At this address

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Résidence Louise● Active
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Vicinity Affordable Housing Fund● Active
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Vicinity Partners● Active
0724.935.240
Vicinity Services● Active
0759.989.456
VICINITY UNITY● Active
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Annual accounts

Full financial information

202420232022202120202019
Type of accountFull modelFull modelFull modelFull modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date15/09/202505/08/202428/06/202308/07/202231/08/202130/07/2020
General meeting10/06/202511/06/202414/06/202320/05/202225/06/202109/06/2020
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

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202410/06/202515/09/2025FrenchPDF
Full model31/12/202311/06/202405/08/2024FrenchPDF
Full model31/12/202214/06/202328/06/2023FrenchPDF
Full model31/12/202120/05/202208/07/2022FrenchPDF
Abridged model31/12/202025/06/202131/08/2021FrenchPDF
Abridged model31/12/201909/06/202030/07/2020FrenchPDF
Abridged model31/12/201816/06/201925/07/2019FrenchPDF
Abridged model31/12/201712/06/201812/07/2018FrenchPDF
Abridged model31/12/201613/06/201703/08/2017FrenchPDF
Abridged model31/12/201514/06/201629/07/2016FrenchPDF
Abridged model31/12/201410/06/201528/08/2015FrenchPDF
Abridged model31/12/201310/06/201407/07/2014FrenchPDF
Abridged model31/12/201211/06/201317/06/2013FrenchPDF
Abridged model31/12/201112/06/201227/06/2012FrenchPDF
Abridged model31/12/201015/06/201129/06/2011FrenchPDF
Abridged model31/12/200915/06/201021/06/2010FrenchPDF
Abridged model31/12/200830/06/200930/07/2009FrenchPDF
Abridged model31/12/200710/06/200831/07/2008FrenchPDF
Abridged model31/12/200607/06/200723/07/2007FrenchPDF
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 31/12/2020 · 1 active · 47 ended

Active mandates

Vicinity Partners

Director · since 31 décembre 2020 · 0724.935.240

Represented by Jean-Baptiste Van Ex

Active

Ended mandates

BRENUS

Director · since 12 juin 2018 · until 08 juin 2021 · 0468.485.848

Represented by OLIVIER VAN CAUWELAERT

Ended
CHLOE HUPIN

Director · since 12 juin 2018 · until 08 juin 2021

Ended
PHILIPPE BORREMANS

Director · since 28 juin 2016

Ended
JEAN-JACQUES DELENS

Director · since 29 janvier 2016 · until 08 juin 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares08/07/2026
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS - CAPITAL, ACTIONS
    PDF
  • Restructuring10/04/2026
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Other03/03/2026
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - OBJET
    PDF
  • Capital / shares14/10/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates02/09/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other19/04/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - OBJET
    PDF
  • Capital / shares29/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Restructuring13/09/2023
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    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. 2020
    Annual accounts 20202,5 M €↑
  2. 2020
    Name changeVAHF
  3. 2019
    Annual accounts 2019-339,7 k €↑
  4. 2018
    Annual accounts 2018-754,3 k €↓
  5. 2017
    Annual accounts 2017812,1 k €↓
  6. 2016
    Annual accounts 20166,2 M €↑
  7. 2015
    Annual accounts 2015-1 M €↓
  8. 2014
    Annual accounts 20142 M €↑
  9. 2013
    Annual accounts 2013-257,5 k €↓
  10. 2012
    Annual accounts 2012488,1 k €↑
  11. 2011
    Annual accounts 2011-110,6 k €↓
  12. 2006
    Annual accounts 2006137,7 k €
  13. 2006
    Name changeURBANI
  14. 30/03/1971
    IncorporationPublic limited company