ACTIVE

VANRUSSELT

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Financial year 2025 · closed on 31/12/2025

Net result

28,6 k €

-48.0% YoY

Gross margin

258,7 k €

-12.2% YoY

Equity

607,5 k €

+4.9% YoY

Workforce

3,0 ETP

0.0% YoY

What does VANRUSSELT do?

VANRUSSELT is a Private limited company incorporated in 1979. Its registered office is in Hasselt. It employs on average 3,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0419.892.016

Incorporation

04/10/1979

Legal form

Private limited company

Registered office

Maastrichtersteenweg 236
3500 Hasselt · FlandreSee on map

Contributed capital

37 500,00 €

Latest accounts

31/12/2025

Average workforce

3,0 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	258,7 k €	-12.2%	294,5 k €	+25.5%	234,6 k €	-5.3%	247,9 k €	+33.2%	186,1 k €	+54.0%	120,8 k €	-25.8%	162,7 k €	+15.1%	141,4 k €	-4.6%	148,1 k €	-12.4%	169,2 k €	+8.0%	156,6 k €	+14.5%	136,7 k €	+14.4%	119,5 k €	+64.3%	72,7 k €	-46.6%	136,2 k €	+30.7%	104,2 k €	+5.5%	98,9 k €	+8.8%	90,8 k €	-33.5%	136,6 k €	-1.9%	139,3 k €
EBITDA	75,6 k €	-39.3%	124,6 k €	+39.7%	89,2 k €	-37.5%	142,7 k €	+82.3%	78,3 k €	+380%	16,3 k €	-28.2%	22,7 k €	+91.5%	11,9 k €	-33.5%	17,8 k €	-57.2%	41,7 k €	+51.2%	27,6 k €	+221%	8,6 k €	+523%	-2 k €	+92.3%	-26,5 k €	-166%	40,5 k €	+190%	14 k €	+717%	1,7 k €	+170%	-2,4 k €	-105%	52,3 k €	+4.6%	50 k €
Operating result	47,9 k €	-45.7%	88,2 k €	+40.5%	62,8 k €	-50.1%	125,9 k €	+109%	60,2 k €	+1526%	3,7 k €	-52.6%	7,8 k €	+466%	1,4 k €	-75.0%	5,5 k €	-81.6%	29,9 k €	+45.6%	20,5 k €	+2837%	699 €	+108%	-9,2 k €	+70.5%	-31,3 k €	-183%	37,8 k €	+262%	10,5 k €	+400%	-3,5 k €	+62.2%	-9,2 k €	-122%	41,5 k €	+5.4%	39,4 k €
Net result	28,6 k €	-48.0%	55,1 k €	+38.8%	39,7 k €	-51.2%	81,3 k €	+79.2%	45,4 k €	+1756%	2,4 k €	-46.5%	4,6 k €	+196%	1,5 k €	-69.6%	5,1 k €	-82.9%	29,7 k €	+48.1%	20 k €	+12517%	158,9 €	+102%	-9,3 k €	+69.2%	-30,1 k €	-189%	34 k €	+540%	5,3 k €	+164%	-8,3 k €	+46.0%	-15,3 k €	-147%	32,4 k €	+22.6%	26,4 k €
Balance sheet
Equity	607,5 k €	+4.9%	578,9 k €	+10.5%	523,8 k €	+8.2%	484,1 k €	+20.2%	402,9 k €	+12.7%	357,5 k €	+0.7%	355 k €	+1.3%	350,5 k €	+0.4%	348,9 k €	-5.3%	368,4 k €	+8.8%	338,7 k €	+6.3%	318,6 k €	+0.0%	318,5 k €	-2.8%	327,8 k €	-8.4%	357,9 k €	+10.5%	323,9 k €	+1.7%	318,6 k €	-2.5%	326,8 k €	-4.5%	342,2 k €	+10.5%	309,8 k €
Total assets	841,1 k €	+6.5%	789,6 k €	+3.0%	766,9 k €	+6.6%	719,2 k €	+19.5%	602 k €	+9.5%	549,8 k €	+15.2%	477,1 k €	+2.1%	467,4 k €	+4.9%	445,4 k €	-9.2%	490,7 k €	+15.4%	425,2 k €	+17.1%	363 k €	+4.1%	348,6 k €	-7.1%	375,2 k €	-28.6%	525,6 k €	+7.8%	487,6 k €	+0.5%	485,2 k €	-6.6%	519,4 k €	-15.5%	614,5 k €	+6.1%	579,2 k €
Cash	302,2 k €	+84.6%	163,7 k €	-2.0%	167,1 k €	-27.1%	229,2 k €	+71.4%	133,7 k €	-17.3%	161,7 k €	+1007%	14,6 k €	-85.2%	98,7 k €	-17.7%	119,9 k €	-32.4%	177,4 k €	+6.1%	167,2 k €	+78.0%	93,9 k €	+84.2%	51 k €	-20.3%	64 k €	-65.6%	186,3 k €	+8.5%	171,6 k €	+20.7%	142,2 k €	+1561%	8,6 k €	-95.6%	192,7 k €	+24.1%	155,3 k €
Debts	232 k €	+11.1%	208,9 k €	-13.6%	241,7 k €	+3.3%	233,9 k €	+17.4%	199,1 k €	+3.7%	192 k €	+57.3%	122,1 k €	+4.4%	116,9 k €	+23.5%	94,7 k €	-21.4%	120,5 k €	+39.3%	86,5 k €	+94.9%	44,4 k €	+47.7%	30 k €	-36.6%	47,4 k €	-71.7%	167,7 k €	+2.4%	163,7 k €	-1.7%	166,6 k €	-13.5%	192,5 k €	-16.5%	230,6 k €	+1.1%	228,2 k €
Other
Workforce	3,0 ETP	0.0%	3,0 ETP	+7.1%	2,8 ETP	+27.3%	2,2 ETP	-4.3%	2,3 ETP	-23.3%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	+3.4%	2,9 ETP	-3.3%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 14 ended

Active mandates

Robin Daniels

Director · since 06 décembre 2019

Active

Frans Vanrusselt

Director · since 21 décembre 2017

Active

Marie Louise De Cock

Director · since 21 décembre 2017

Active

Sandra Vanrusselt

Director · since 21 décembre 2017

Active

Ended mandates

Frans Hendrik Vanrusselt

Director · since 21 décembre 2017

Ended

FRANS VANRUSSELT

Managing director · since 10 mai 2011 · until 10 mai 2017

Ended

MARIE LOUISE DE COCK

Director · since 10 mai 2011 · until 10 mai 2017

Ended

SANDRA VANRUSSELT

Director · since 10 mai 2011 · until 10 mai 2017

Ended

At this address

Other companies at this address

Company	CBE no.
SASOMA● Active	0723.441.836

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	29/07/2026	30/07/2025	29/08/2024	30/08/2023	31/08/2022	30/09/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	09/05/2023	10/05/2022	11/05/2021
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	12/05/2026	29/07/2026	Dutch	PDF
Abridged model	31/12/2024	13/05/2025	30/07/2025	Dutch	PDF
Abridged model	31/12/2023	14/05/2024	29/08/2024	Dutch	PDF
Abridged model	31/12/2022	09/05/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	10/05/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	11/05/2021	30/09/2021	Dutch	PDF
Abridged model	31/12/2019	22/07/2020	27/10/2020	Dutch	PDF
Abridged model	31/12/2018	14/05/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	08/05/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	09/05/2017	29/08/2017	Dutch	PDF
Abridged model	31/12/2015	10/05/2016	23/08/2016	Dutch	PDF
Abridged model	31/12/2014	12/05/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	13/05/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	14/05/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	08/05/2012	26/07/2012	Dutch	PDF
Abridged model	31/12/2010	10/05/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	11/05/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	12/05/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	13/05/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	08/05/2007	27/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 4 active · 14 ended

Active mandates

Robin Daniels

Director · since 06 décembre 2019

Active

Frans Vanrusselt

Director · since 21 décembre 2017

Active

Marie Louise De Cock

Director · since 21 décembre 2017

Active

Sandra Vanrusselt

Director · since 21 décembre 2017

Active

Ended mandates

Frans Hendrik Vanrusselt

Director · since 21 décembre 2017

Ended

FRANS VANRUSSELT

Managing director · since 10 mai 2011 · until 10 mai 2017

Ended

MARIE LOUISE DE COCK

Director · since 10 mai 2011 · until 10 mai 2017

Ended

SANDRA VANRUSSELT

Director · since 10 mai 2011 · until 10 mai 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2018
BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Other22/02/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/12/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/11/2005
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates11/12/2002
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 202528,6 k €↓
2024
Annual accounts 202455,1 k €↑
2023
Annual accounts 202339,7 k €↓
2022
Annual accounts 202281,3 k €↑
2021
Annual accounts 202145,4 k €↑
2020
Annual accounts 20202,4 k €↓
2019
Annual accounts 20194,6 k €↑
2018
Annual accounts 20181,5 k €↓
2017
Annual accounts 20175,1 k €↓
2016
Annual accounts 201629,7 k €↑
2015
Annual accounts 201520 k €↑
2014
Annual accounts 2014158,9 €↑
2013
Annual accounts 2013-9,3 k €↑
2012
Annual accounts 2012-30,1 k €↓
2011
Annual accounts 201134 k €↑
2010
Annual accounts 20105,3 k €↑
2009
Annual accounts 2009-8,3 k €↑
2008
Annual accounts 2008-15,3 k €↓
2007
Annual accounts 200732,4 k €↑
2006
Annual accounts 200626,4 k €
04/10/1979
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

VANRUSSELT

Overview

What does VANRUSSELT do?

Trend over 20 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