ACTIVE

Rational

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Financial year 2025 · closed on 31/12/2025

Net result

7,6 k €

+9874.7% YoY

Gross margin

926,9 k €

-8.5% YoY

Equity

185,1 k €

+4.3% YoY

Workforce

18,3 ETP

-3.7% YoY

What does Rational do?

Rational is a Public limited company incorporated in 1980. Its registered office is in Tessenderlo-Ham. It employs on average 18,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.040.178

Incorporation

14/10/1980

Legal form

Public limited company

Registered office

Staatsbaan 20
3945 Tessenderlo-Ham · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

18,3 ETP

Joint committees (2)

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 10 financial years

	2025		2024		2023		2022		2021		2020		2009		2008		2007		2006
Income statement
Gross margin	926,9 k €	-8.5%	1 M €	+1.1%	1 M €	-0.4%	1 M €	-3.9%	1 M €	+12.0%	934,1 k €	-32.4%	1,4 M €	-13.3%	1,6 M €	-2.7%	1,6 M €	+4.5%	1,6 M €
EBITDA	10,7 k €	+475%	1,9 k €	-63.6%	5,1 k €	-91.7%	61,8 k €	+77.6%	34,8 k €	+83.6%	19 k €	+2015%	896,7 €	+127%	-3,4 k €	-124%	14,1 k €	+119%	-75,4 k €
Operating result	10,7 k €	+475%	1,9 k €	-63.6%	5,1 k €	-91.7%	61,8 k €	+77.6%	34,8 k €	+83.6%	19 k €	+2015%	896,7 €	+127%	-3,4 k €	-124%	14,1 k €	+119%	-75,4 k €
Net result	7,6 k €	+9875%	76,2 €	-75.2%	307,7 €	-99.3%	43,6 k €	+77.1%	24,6 k €	+109%	11,8 k €	+2138%	526,6 €	+114%	-3,8 k €	-138%	9,9 k €	+98.7%	5 k €
Balance sheet
Equity	185,1 k €	+4.3%	177,5 k €	+0.0%	177,4 k €	+0.2%	177,1 k €	+32.6%	133,5 k €	+22.6%	108,9 k €	+107%	52,6 k €	+1.0%	52,1 k €	-6.7%	55,8 k €	+21.4%	46 k €
Total assets	474,2 k €	+37.4%	345 k €	-8.7%	377,8 k €	+17.0%	322,9 k €	+8.5%	297,7 k €	+16.2%	256,1 k €	+16.1%	220,6 k €	-39.1%	362,2 k €	-24.2%	477,6 k €	+13.5%	420,8 k €
Cash	588,2 €	+593%	84,8 €	-69.5%	278,4 €	+141%	115,3 €	+39.4%	82,7 €	-96.9%	2,6 k €	-82.1%	14,7 k €	+219%	4,6 k €	-20.7%	5,8 k €	+70.2%	3,4 k €
Debts	289,1 k €	+72.5%	167,6 k €	-16.4%	200,5 k €	+37.5%	145,8 k €	-11.2%	164,2 k €	+11.5%	147,2 k €	-12.4%	168 k €	-45.8%	310,1 k €	-26.5%	421,8 k €	+12.5%	374,9 k €
Other
Workforce	18,3 ETP	-3.7%	19,0 ETP	-2.1%	19,4 ETP	-8.5%	21,2 ETP	-6.6%	22,7 ETP	-3.0%	23,4 ETP	-39.5%	38,7 ETP	-11.8%	43,9 ETP	-8.7%	48,1 ETP	+1.5%	47,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 20 ended

Active mandates

Gilbert Van der Voort

Director

Active

Guido Van der Voort

Director

Active

Ended mandates

Gilbert Van der Voort

Managing director · since 04 mai 2013 · until 04 mai 2019

Ended

Guido Van der Voort

Managing director · since 04 mai 2013 · until 04 mai 2019

Ended

Gilbert Van der Voort

Managing director · since 03 mai 2013 · until 03 mai 2019

Ended

Guido Van der Voort

Managing director · since 03 mai 2013 · until 03 mai 2019

Ended

At this address

Other companies at this address

Company	CBE no.
Sanifin● Active	0446.663.026
Sanos● Active	0404.661.135

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	01/07/2026	18/07/2025	02/07/2024	25/10/2023	21/03/2023	09/09/2022
General meeting	01/05/2026	02/05/2025	03/05/2024	24/10/2023	20/03/2023	27/06/2022
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/05/2026	01/07/2026	Dutch	PDF
Abridged model	31/12/2024	02/05/2025	18/07/2025	Dutch	PDF
Abridged model	31/12/2023	03/05/2024	02/07/2024	Dutch	PDF
Abridged model	31/12/2022	24/10/2023	25/10/2023	Dutch	PDF
Abridged model	31/12/2021	20/03/2023	21/03/2023	Dutch	PDF
Abridged model	31/12/2020	27/06/2022	09/09/2022	Dutch	PDF
Abridged model	31/12/2019	16/11/2020	30/11/2020	Dutch	PDF
Abridged model	31/12/2018	03/05/2019	07/08/2019	Dutch	PDF
Abridged model	31/12/2017	19/09/2018	27/09/2018	Dutch	PDF
Abridged model	31/12/2016	05/05/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	06/05/2016	02/06/2016	Dutch	PDF
Abridged model	31/12/2014	08/05/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/05/2014	29/07/2014	Dutch	PDF
Abridged model	31/12/2012	03/05/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	04/05/2012	31/08/2012	Dutch	PDF
Abridged modelCorrection	31/12/2010	06/05/2011	28/10/2011	Dutch	PDF
Abridged model	31/12/2010	06/05/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	07/05/2010	17/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/05/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	04/05/2007	20/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 20 ended

Active mandates

Gilbert Van der Voort

Director

Active

Guido Van der Voort

Director

Active

Ended mandates

Gilbert Van der Voort

Managing director · since 04 mai 2013 · until 04 mai 2019

Ended

Guido Van der Voort

Managing director · since 04 mai 2013 · until 04 mai 2019

Ended

Gilbert Van der Voort

Managing director · since 03 mai 2013 · until 03 mai 2019

Ended

Guido Van der Voort

Managing director · since 03 mai 2013 · until 03 mai 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office28/08/2026
ZETEL
PDF
Mandates25/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/09/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/10/2008
ONTSLAGEN - BENOEMINGEN
PDF
Registered office20/01/2005
MAATSCHAPPELIJKE ZETEL
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 20257,6 k €↑
2024
Annual accounts 202476,2 €↓
2023
Annual accounts 2023307,7 €↓
2022
Annual accounts 202243,6 k €↑
2021
Annual accounts 202124,6 k €↑
2020
Annual accounts 202011,8 k €↑
2009
Annual accounts 2009526,6 €↑
2008
Annual accounts 2008-3,8 k €↓
2007
Annual accounts 20079,9 k €↑
2006
Annual accounts 20065 k €
14/10/1980
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

Rational

Overview

What does Rational do?

Trend over 10 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