ACTIVE

Vanhout Projects

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Financial year 2025 · closed on 31/12/2025

Net result

922,1 k €

-13.5% YoY

Revenue

1,9 M €

-67.5% YoY

Equity

8,2 M €

+12.6% YoY

Workforce

10,9 ETP

+0.9% YoY

What does Vanhout Projects do?

Vanhout Projects is a Public limited company incorporated in 1983. Its main activity is: Construction of buildings. Its registered office is in Geel. It employs on average 10,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.561.665

Incorporation

22/10/1983

Legal form

Public limited company

Registered office

Lammerdries 12
2440 Geel · FlandreSee on map

Contributed capital

2 507 800,71 €

Latest accounts

31/12/2025

Average workforce

10,9 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles 41101Development of building projects 41102Development of building projects 68121Buying and selling of own real estate+1

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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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
Revenue	1,9 M €	-67.5%	5,9 M €	-20.9%	7,5 M €	+23.4%	6,1 M €	+119%	2,8 M €	+20.3%	2,3 M €	-62.2%	6,1 M €	+34.7%	4,5 M €	-43.5%	8 M €	+734%	963,3 k €	-78.3%	4,4 M €	+1073%	377,7 k €	-31.2%	548,6 k €	-50.1%	1,1 M €	+94.8%	564,9 k €	-14.0%	656,8 k €	+10.4%	595 k €	-32.0%	875,1 k €		–		654,4 k €
EBITDA	1,8 M €	-8.8%	1,9 M €	+22.7%	1,6 M €	+18.2%	1,3 M €	-19.0%	1,6 M €	+1600%	-109,4 k €	-111%	971,2 k €	+2446%	38,1 k €	-92.7%	526 k €	+192866%	-272,9 €	-100%	990,8 k €	+2204%	-47,1 k €	-116%	294,1 k €	+1108%	24,4 k €	-13.1%	28 k €	-0.7%	28,2 k €	+2.3%	27,6 k €	+145%	-60,9 k €	-251%	40,4 k €	-33.3%	60,6 k €
Operating result	1,7 M €	-8.7%	1,9 M €	+24.3%	1,5 M €	+18.8%	1,3 M €	-19.8%	1,6 M €	+1163%	-150 k €	-116%	948,2 k €	+2484%	36,7 k €	-93.0%	525,5 k €	+357495%	146,9 €	-100.0%	990,8 k €	+2204%	-47,1 k €	-113%	348,9 k €	+1333%	24,4 k €	-13.1%	28 k €	+689%	-4,8 k €	-117%	27,6 k €	+578%	-5,8 k €	-116%	36,7 k €	-46.4%	68,4 k €
Net result	922,1 k €	-13.5%	1,1 M €	+32.5%	804,6 k €	-42.2%	1,4 M €	+2.7%	1,4 M €	-3.9%	1,4 M €	+130%	612,7 k €	+2823%	-22,5 k €	-105%	457,9 k €	+1281%	-38,8 k €	-103%	1,2 M €	+1645%	-75,5 k €	-121%	364,1 k €	+1460%	23,3 k €	-15.2%	27,5 k €	+1103%	-2,7 k €	-110%	28,3 k €	+305%	7 k €	+200%	2,3 k €	-94.0%	38,6 k €
Balance sheet
Equity	8,2 M €	+12.6%	7,3 M €	+17.0%	6,3 M €	-26.0%	8,5 M €	+19.7%	7,1 M €	+23.7%	5,7 M €	+32.8%	4,3 M €	+16.6%	3,7 M €	-0.6%	3,7 M €	+14.1%	3,2 M €	-1.2%	3,3 M €	+326%	772,3 k €	-8.9%	847,8 k €	+75.3%	483,6 k €	+5.1%	460,3 k €	+6.4%	432,8 k €	+177%	-564,5 k €	+4.8%	-592,8 k €	+1.2%	-599,7 k €	+0.4%	-602,1 k €
Total assets	26,2 M €	-37.5%	41,9 M €	+16.6%	35,9 M €	+15.6%	31,1 M €	-21.0%	39,4 M €	+72.1%	22,9 M €	+51.4%	15,1 M €	+8.6%	13,9 M €	-14.3%	16,2 M €	+34.6%	12,1 M €	+7.5%	11,2 M €	+43.9%	7,8 M €	+269%	2,1 M €	+32.7%	1,6 M €	+111%	754,8 k €	+34.2%	562,4 k €	+99.5%	281,9 k €	-39.5%	465,8 k €	-35.3%	719,8 k €	-1.5%	730,6 k €
Cash	4,4 M €	+39.1%	3,2 M €	+35.5%	2,3 M €	-2.2%	2,4 M €	-21.4%	3 M €	+502%	502,5 k €	-60.1%	1,3 M €	+11846%	10,5 k €	-97.9%	490 k €	+147%	198,6 k €	+51.4%	131,1 k €	-2.4%	134,4 k €	+144%	55,2 k €	-75.2%	222,7 k €	+82.9%	121,8 k €	+18.2%	103 k €	+138%	43,3 k €	-74.7%	171,3 k €	-27.2%	235,2 k €	+50.1%	156,7 k €
Debts	17,4 M €	-49.7%	34,5 M €	+17.6%	29,4 M €	+30.0%	22,6 M €	-29.9%	32,2 M €	+88.7%	17,1 M €	+58.7%	10,8 M €	+5.7%	10,2 M €	-18.3%	12,5 M €	+42.5%	8,7 M €	+11.2%	7,9 M €	+13.0%	7 M €	+478%	1,2 M €	+15.1%	1 M €	+385%	215,8 k €	+221%	67,3 k €	-91.2%	764,8 k €	-20.3%	959,6 k €	-21.2%	1,2 M €	-1.4%	1,2 M €
Other
Workforce	10,9 ETP	+0.9%	10,8 ETP	+4.9%	10,3 ETP	-11.2%	11,6 ETP	-17.7%	14,1 ETP	+3.7%	13,6 ETP	+19.3%	11,4 ETP	+12.9%	10,1 ETP	+18.8%	8,5 ETP	-23.4%	11,1 ETP	-0.9%	11,2 ETP	+3.7%	10,8 ETP	+2.9%	10,5 ETP	-21.1%	13,3 ETP	-10.1%	14,8 ETP	-7.5%	16,0 ETP	+11.9%	14,3 ETP	-17.8%	17,4 ETP	-19.4%	21,6 ETP	+4.3%	20,7 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 · 30 ended

Active mandates

JURECO

Director · until 04 juin 2026 · 0863.789.354

Represented by Ronny Eijckmans

Active

Manibel

Director · until 04 juin 2026 · 0810.802.016

Represented by Bert Lenaerts

Active

Ended mandates

SCHEEMA

Director · since 05 juin 2014 · until 01 juin 2017 · 0536.374.069

Represented by Joeri Schellens

Ended

SCHEEMA

Director · since 05 juin 2014 · 0536.374.069

Represented by Joeri Schellens

Ended

F.Mir

Director · since 07 juin 2012 · until 04 juin 2015 · 0863.825.976

Represented by Frans Michielsen

Ended

F.Mir

Director · since 07 juin 2012 · until 04 juin 2015 · 0863.825.976

Represented by Frans Michielsen

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	30/07/2025	05/09/2024	24/08/2023	25/11/2022	13/09/2021
General meeting	04/06/2026	05/06/2025	06/06/2024	01/06/2023	02/06/2022	03/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full modelCorrection	31/12/2025	04/06/2026	02/07/2026	Dutch	PDF
Full model	31/12/2025	04/06/2026	30/06/2026	Dutch	PDF
Full model	31/12/2024	05/06/2025	30/07/2025	Dutch	PDF
Full model	31/12/2023	06/06/2024	05/09/2024	Dutch	PDF
Full model	31/12/2022	01/06/2023	24/08/2023	Dutch	PDF
Full model	31/12/2021	02/06/2022	25/11/2022	Dutch	PDF
Full model	31/12/2020	03/06/2021	13/09/2021	Dutch	PDF
Full model	31/12/2019	12/06/2020	31/08/2020	Dutch	PDF
Full model	31/12/2018	06/06/2019	05/07/2019	Dutch	PDF
Full model	31/12/2017	07/06/2018	11/07/2018	Dutch	PDF
Full model	31/12/2016	01/06/2017	07/07/2017	Dutch	PDF
Full model	31/12/2015	02/06/2016	23/06/2016	Dutch	PDF
Full model	31/12/2014	04/06/2015	07/07/2015	Dutch	PDF
Full model	31/12/2013	05/06/2014	04/07/2014	Dutch	PDF
Full model	31/12/2012	06/06/2013	17/06/2013	Dutch	PDF
Full model	31/12/2011	07/06/2012	27/06/2012	Dutch	PDF
Full model	31/12/2010	06/06/2011	22/06/2011	Dutch	PDF
Full model	31/12/2009	03/06/2010	01/07/2010	Dutch	PDF
Full model	31/12/2008	04/06/2009	18/06/2009	Dutch	PDF
Full model	31/12/2007	05/06/2008	02/07/2008	Dutch	PDF
Full model	31/12/2006	07/06/2007	19/06/2007	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 · 30 ended

Active mandates

JURECO

Director · until 04 juin 2026 · 0863.789.354

Represented by Ronny Eijckmans

Active

Manibel

Director · until 04 juin 2026 · 0810.802.016

Represented by Bert Lenaerts

Active

Ended mandates

SCHEEMA

Director · since 05 juin 2014 · until 01 juin 2017 · 0536.374.069

Represented by Joeri Schellens

Ended

SCHEEMA

Director · since 05 juin 2014 · 0536.374.069

Represented by Joeri Schellens

Ended

F.Mir

Director · since 07 juin 2012 · until 04 juin 2015 · 0863.825.976

Represented by Frans Michielsen

Ended

F.Mir

Director · since 07 juin 2012 · until 04 juin 2015 · 0863.825.976

Represented by Frans Michielsen

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other25/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates22/12/2023
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/10/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/07/2018
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 2025922,1 k €↓
2024
Annual accounts 20241,1 M €↑
2023
Annual accounts 2023804,6 k €↓
2022
Annual accounts 20221,4 M €↑
2021
Annual accounts 20211,4 M €↓
2020
Annual accounts 20201,4 M €↑
2019
Annual accounts 2019612,7 k €↑
2018
Annual accounts 2018-22,5 k €↓
2017
Annual accounts 2017457,9 k €↑
2016
Annual accounts 2016-38,8 k €↓
2015
Annual accounts 20151,2 M €↑
2014
Annual accounts 2014-75,5 k €↓
2013
Annual accounts 2013364,1 k €↑
2012
Annual accounts 201223,3 k €↓
2011
Annual accounts 201127,5 k €↑
2010
Annual accounts 2010-2,7 k €↓
2009
Annual accounts 200928,3 k €↑
2008
Annual accounts 20087 k €↑
2007
Annual accounts 20072,3 k €↓
2006
Annual accounts 200638,6 k €
22/10/1983
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

Vanhout Projects

Overview

What does Vanhout Projects 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