ACTIVE

Val du Ser

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Financial year 2025 · closed on 31/12/2025

Net result

-8,4 k €

+18.4% YoY

Gross margin

-1,3 k €

0.0% YoY

Equity

754,2 k €

-1.1% YoY

What does Val du Ser do?

Val du Ser is a Public limited company incorporated in 1983. Its registered office is in La Louvière.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.713.796

Incorporation

05/12/1983

Legal form

Public limited company

Registered office

Rue Louis de Brouckère(L.L) 73
7100 La Louvière · WallonieSee on map

Contributed capital

383 000,00 €

Latest accounts

31/12/2025

Signals

Solid equity

View the BCE/KBO Public Search record →

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	-1,3 k €	0.0%	-1,3 k €	+55.4%	-3,0 k €	-115%	-1,4 k €	-100%	417,5 k €	+343%	94,2 k €	-25.8%	127,0 k €	-29.1%	179,1 k €	+7.5%	166,7 k €	+48.1%	112,5 k €	-1.8%	114,6 k €	+470%	20,1 k €	+33.7%	15,0 k €	-7.7%	16,3 k €	-8.4%	17,8 k €	+2.5%	17,4 k €	-5.2%	18,3 k €	-5.5%	19,4 k €	+4.2%	18,6 k €	+4.7%	17,8 k €
EBITDA	-1,3 k €	+71.0%	-4,6 k €	-53.7%	-3,0 k €	-115%	-1,4 k €	-100%	412,5 k €	+362%	89,3 k €	-26.7%	121,9 k €	-17.6%	147,9 k €	-1.1%	149,6 k €	+40.4%	106,6 k €	+8.1%	98,6 k €	+597%	14,2 k €	+46.5%	9,7 k €	-12.6%	11,1 k €	-13.0%	12,7 k €	+2.8%	12,4 k €	-7.2%	13,3 k €	-8.6%	14,6 k €	+5.0%	13,9 k €	+5.4%	13,2 k €
Operating result	-8,4 k €	+27.9%	-11,7 k €	-15.9%	-10,1 k €	+34.9%	-15,5 k €	-104%	398,4 k €	+429%	75,3 k €	-30.2%	107,8 k €	-13.4%	124,5 k €	+86.0%	66,9 k €	-24.1%	88,1 k €	+34.4%	65,6 k €	+466%	-17,9 k €	-902%	2,2 k €	-38.5%	3,6 k €	-31.4%	5,3 k €	+6.9%	4,9 k €	-16.2%	5,9 k €	-17.6%	7,2 k €	+10.8%	6,5 k €	+12.4%	5,8 k €
Net result	-8,4 k €	+18.4%	-10,3 k €	+38.8%	-16,8 k €	+5.8%	-17,9 k €	-107%	259,5 k €	+534%	40,9 k €	-13.3%	47,3 k €	+115%	-313,2 k €	-1878%	17,6 k €	-63.0%	47,7 k €	+27.1%	37,5 k €	-86.1%	269,9 k €	+6316%	4,2 k €	-25.0%	5,6 k €	-23.0%	7,3 k €	+4.9%	6,9 k €	-20.6%	8,7 k €	-18.8%	10,8 k €	+67.6%	6,4 k €	+12.6%	5,7 k €
Balance sheet
Equity	754,2 k €	-1.1%	762,6 k €	-1.3%	772,9 k €	-2.1%	789,8 k €	-2.2%	807,7 k €	+47.4%	548,1 k €	+8.1%	507,2 k €	+10.3%	459,9 k €	-40.5%	773,1 k €	+2.3%	755,5 k €	+6.7%	707,9 k €	+5.6%	670,3 k €	+67.4%	400,4 k €	+1.1%	396,2 k €	+0.0%	396,1 k €	+0.1%	395,7 k €	+0.1%	395,4 k €	-0.1%	395,7 k €	+0.2%	395,1 k €	+0.1%	394,7 k €
Total assets	1,1 M €	-0.6%	1,1 M €	-8.1%	1,2 M €	-4.3%	1,2 M €	-1.6%	1,3 M €	-2.6%	1,3 M €	-1.0%	1,3 M €	-14.5%	1,5 M €	-29.1%	2,2 M €	+50.3%	1,4 M €	-2.3%	1,5 M €	-16.4%	1,8 M €	+340%	400,4 k €	-0.3%	401,7 k €	-0.3%	403,0 k €	-0.5%	405,1 k €	-0.2%	405,9 k €	+0.0%	405,8 k €	+1.2%	401,1 k €	+0.3%	400,1 k €
Cash	1,9 €	0.0%	1,9 €		–		–		38,2 €		–		–		60,6 €	-99.7%	18,4 k €	+9903%	183,6 €	+187%	64,0 €	-86.7%	481,0 €	+41.5%	340,0 €	-14.8%	399,0 €	-82.3%	2,2 k €	-73.5%	8,5 k €	+695%	1,1 k €	-59.1%	2,6 k €	+95.4%	1,3 k €	-42.1%	2,3 k €
Debts	224,1 k €	+0.6%	222,8 k €	-27.7%	308,3 k €	-10.2%	343,4 k €	-0.7%	345,8 k €	-53.8%	748,8 k €	-6.8%	803,4 k €	-25.1%	1,1 M €	-22.7%	1,4 M €	+105%	676,0 k €	-9.6%	747,6 k €	-31.4%	1,1 M €		–		5,5 k €	-20.3%	6,9 k €	-26.5%	9,4 k €	-11.1%	10,6 k €	+4.1%	10,1 k €	+69.0%	6,0 k €	+11.1%	5,4 k €

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 · 3 active · 9 ended

Active mandates

Alexandre Vanhove

Mandate

Active

Edouard Vanhove

Mandate

Active

Maurice Vanhove

Mandate

Active

Ended mandates

ALEXANDRE VANHOVE

Director · since 24 avril 2014

Ended

EDOUARD VANHOVE

Director · since 24 avril 2014

Ended

MAURICE VANHOVE

Managing director · since 24 avril 2014

Ended

Gauthier PIRON

Director · since 19 mai 2012

Ended

At this address

Other companies at this address

Company	CBE no.
FUNERAILLES VANHOVE-GAVA● Active	0895.901.797

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Micro model	Micro model	Micro model	Micro 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	04/08/2026	28/07/2025	30/08/2024	29/09/2023	30/08/2022	19/08/2021
General meeting	20/07/2026	25/07/2025	30/08/2024	29/08/2023	31/05/2022	18/08/2021
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	20/07/2026	04/08/2026	French	PDF
Micro model	31/12/2024	25/07/2025	28/07/2025	French	PDF
Micro model	31/12/2023	30/08/2024	30/08/2024	French	PDF
Micro model	31/12/2022	29/08/2023	29/09/2023	French	PDF
Micro model	31/12/2021	31/05/2022	30/08/2022	French	PDF
Micro model	31/12/2020	18/08/2021	19/08/2021	French	PDF
Micro model	31/12/2019	25/06/2020	29/06/2020	French	PDF
Micro model	31/12/2018	18/05/2019	09/10/2019	French	PDF
Micro model	31/12/2017	19/05/2018	29/08/2018	French	PDF
Micro model	31/12/2016	20/05/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	28/06/2016	19/07/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	29/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	28/08/2014	French	PDF
Abridged model	31/12/2012	18/05/2013	19/06/2013	French	PDF
Abridged model	31/12/2011	19/05/2012	11/06/2012	French	PDF
Abridged model	31/12/2010	21/05/2011	16/08/2011	French	PDF
Abridged model	31/12/2009	15/05/2010	02/07/2010	French	PDF
Abridged model	31/12/2008	25/06/2009	02/07/2009	French	PDF
Abridged model	31/12/2007	18/06/2008	25/06/2008	French	PDF
Abridged model	31/12/2006	19/05/2007	01/06/2007	French	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 · 3 active · 9 ended

Active mandates

Alexandre Vanhove

Mandate

Active

Edouard Vanhove

Mandate

Active

Maurice Vanhove

Mandate

Active

Ended mandates

ALEXANDRE VANHOVE

Director · since 24 avril 2014

Ended

EDOUARD VANHOVE

Director · since 24 avril 2014

Ended

MAURICE VANHOVE

Managing director · since 24 avril 2014

Ended

Gauthier PIRON

Director · since 19 mai 2012

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates12/05/2014
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates08/08/2012
DEMISSIONS, NOMINATIONS
PDF
Capital / shares11/01/2012
CAPITAL, ACTIONS
PDF
Mandates02/10/2006
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates30/06/2003
DEMISSIONS, NOMINATIONS
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 2025-8,4 k €↑
2024
Annual accounts 2024-10,3 k €↑
2023
Annual accounts 2023-16,8 k €↑
2022
Annual accounts 2022-17,9 k €↓
2021
Annual accounts 2021259,5 k €↑
2020
Annual accounts 202040,9 k €↓
2019
Annual accounts 201947,3 k €↑
2018
Annual accounts 2018-313,2 k €↓
2017
Annual accounts 201717,6 k €↓
2016
Annual accounts 201647,7 k €↑
2015
Annual accounts 201537,5 k €↓
2014
Annual accounts 2014269,9 k €↑
2013
Annual accounts 20134,2 k €↓
2012
Annual accounts 20125,6 k €↓
2011
Annual accounts 20117,3 k €↑
2010
Annual accounts 20106,9 k €↓
2009
Annual accounts 20098,7 k €↓
2008
Annual accounts 200810,8 k €↑
2007
Annual accounts 20076,4 k €↑
2006
Annual accounts 20065,7 k €
05/12/1983
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

Val du Ser

Overview

What does Val du Ser 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