ACTIVE

VANLAER

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Financial year 2025 · closed on 31/12/2025

Net result

167,7 k €

-65.3% YoY

Gross margin

1,5 M €

+15.4% YoY

Equity

3,2 M €

+5.6% YoY

Workforce

18,0 ETP

-1.6% YoY

What does VANLAER do?

VANLAER is a Public limited company incorporated in 1985. Its registered office is in Hasselt. It employs on average 18,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.073.965

Incorporation

02/12/1985

Legal form

Public limited company

Registered office

Stadsheide 10
3500 Hasselt · FlandreSee on map

Contributed capital

580 500,00 €

Latest accounts

31/12/2025

Average workforce

18,0 ETP

Joint committees (3)

Signals

ProfitableSolid equityPositive 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	1,5 M €	+15.4%	1,3 M €	+10.0%	1,2 M €	+29.9%	939,8 k €	-8.0%	1 M €	+39.4%	733,2 k €	-8.1%	797,5 k €	-0.1%	798,7 k €	+8.7%	734,8 k €	+2.9%	714,2 k €	+8.1%	660,4 k €	-13.2%	760,8 k €	+12.0%	679,2 k €	+24.4%	545,9 k €	-18.3%	668,2 k €	-9.7%	739,9 k €	+59.9%	462,6 k €	+12.9%	409,7 k €	-6.1%	436,4 k €	-4.4%	456,3 k €
EBITDA	516,7 k €	+157%	201 k €	-29.0%	283,1 k €	+74.1%	162,6 k €	-44.0%	290,7 k €	+124%	129,7 k €	-8.7%	142,1 k €	+2.6%	138,4 k €	+12.8%	122,7 k €	-11.3%	138,3 k €	+10.7%	124,9 k €	-48.0%	240 k €	+84.8%	129,9 k €	+170%	-186,2 k €	-69.7%	-109,8 k €	-160%	181,9 k €	+69.5%	107,3 k €	+274%	28,7 k €	-61.9%	75,4 k €	-10.3%	84,1 k €
Operating result	302,4 k €	+3042%	9,6 k €	-90.1%	96,9 k €	+87.6%	51,7 k €	-70.9%	177,7 k €	+887%	18 k €	-25.5%	24,2 k €	-35.6%	37,6 k €	+100.0%	18,8 k €	-49.3%	37 k €	-50.1%	74,3 k €	-51.8%	154,1 k €	+327%	36,1 k €	+113%	-286,5 k €	-42.2%	-201,5 k €	-300%	100,7 k €	+79.9%	56 k €	+311%	-26,6 k €	-198%	27,1 k €	-3.0%	27,9 k €
Net result	167,7 k €	-65.3%	482,9 k €	-57.7%	1,1 M €	+1861%	58,3 k €	-69.3%	189,8 k €	+759%	22,1 k €	-25.9%	29,8 k €	-24.6%	39,5 k €	+16.1%	34,1 k €	-43.8%	60,5 k €	-37.6%	97,1 k €	-45.0%	176,3 k €	+183%	62,3 k €	+123%	-272,7 k €	-65.8%	-164,5 k €	-296%	84 k €	+27.0%	66,2 k €	+595%	-13,4 k €	-145%	29,4 k €	-10.2%	32,8 k €
Balance sheet
Equity	3,2 M €	+5.6%	3 M €	+19.1%	2,5 M €	+82.1%	1,4 M €	+4.4%	1,3 M €	+16.6%	1,1 M €	+2.0%	1,1 M €	+2.7%	1,1 M €	+3.8%	1,1 M €	+3.3%	1 M €	+6.3%	957,2 k €	+11.3%	860,1 k €	+25.8%	683,8 k €	+4.2%	656,5 k €	-29.3%	929,2 k €	-15.0%	1,1 M €	+8.3%	1 M €	+7.0%	943,5 k €	-1.4%	956,9 k €	+3.2%	927,5 k €
Total assets	6,5 M €	-1.3%	6,6 M €	-2.5%	6,8 M €	+82.7%	3,7 M €	+16.5%	3,2 M €	+61.5%	2 M €	+56.9%	1,3 M €	-13.1%	1,4 M €	+12.9%	1,3 M €	-6.7%	1,4 M €	+27.1%	1,1 M €	+3.2%	1 M €	-3.4%	1,1 M €	-12.1%	1,2 M €	-16.0%	1,5 M €	+8.4%	1,4 M €	+22.9%	1,1 M €	+4.6%	1,1 M €	-4.6%	1,1 M €	+1.1%	1,1 M €
Cash	146,4 k €	+13.4%	129,1 k €	+264%	35,5 k €	-75.8%	146,6 k €	+171%	54,1 k €	+98.5%	27,2 k €	-84.8%	178,6 k €	+157%	69,5 k €	-34.3%	105,8 k €	-33.4%	158,9 k €	+103%	78,2 k €	-15.6%	92,6 k €	-33.5%	139,3 k €	+171%	51,3 k €	+123%	23 k €	+94.1%	11,9 k €	-95.8%	281,7 k €	+13.0%	249,3 k €	+26.9%	196,4 k €	+14.5%	171,6 k €
Debts	3,3 M €	-7.1%	3,5 M €	-15.9%	4,2 M €	+81.5%	2,3 M €	+25.1%	1,9 M €	+123%	832,7 k €	+504%	137,8 k €	-61.3%	356,5 k €	+54.0%	231,6 k €	-35.3%	358 k €	+186%	125,1 k €	-33.6%	188,5 k €	-53.1%	402,2 k €	-30.5%	578,6 k €	+6.8%	541,8 k €	+106%	262,8 k €	+178%	94,4 k €	-15.9%	112,2 k €	-24.8%	149,3 k €	-10.5%	166,9 k €
Other
Workforce	18,0 ETP	-1.6%	18,3 ETP	+2.8%	17,8 ETP	+11.9%	15,9 ETP	+4.6%	15,2 ETP	+12.6%	13,5 ETP	-3.6%	14,0 ETP	-3.4%	14,5 ETP	+1.4%	14,3 ETP	+10.9%	12,9 ETP	+1.6%	12,7 ETP	-4.5%	13,3 ETP	-5.0%	14,0 ETP	-27.5%	19,3 ETP	-17.5%	23,4 ETP	+39.3%	16,8 ETP	+71.4%	9,8 ETP	-3.0%	10,1 ETP	-1.0%	10,2 ETP	0.0%	10,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 19 ended

Active mandates

Bart VANLAER

Director

Active

Christof VANLAER

Director

Active

Ended mandates

Bart VANLAER

Managing director · since 05 mai 2015 · until 05 mai 2021

Ended

Christof VANLAER

Managing director · since 05 mai 2015 · until 05 mai 2021

Ended

Denise VANREUSEL

Director · since 05 mai 2015 · until 05 mai 2021

Ended

Bart Vanlaer

Director · since 04 mai 2009 · until 05 mai 2015

Ended

At this address

Other companies at this address

Company	CBE no.
BOLDERDAL● Active	0442.233.094

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	29/06/2026	28/05/2025	24/06/2024	13/07/2023	13/07/2022	13/07/2021
General meeting	04/05/2026	05/05/2025	27/05/2024	15/06/2023	24/06/2022	30/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/05/2026	29/06/2026	Dutch	PDF
Abridged model	31/12/2024	05/05/2025	28/05/2025	Dutch	PDF
Abridged model	31/12/2023	27/05/2024	24/06/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	13/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	13/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	13/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	29/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	15/07/2019	Dutch	PDF
Abridged model	31/12/2017	07/05/2018	15/05/2018	Dutch	PDF
Abridged model	31/12/2016	02/05/2017	23/05/2017	Dutch	PDF
Abridged model	31/12/2015	02/05/2016	26/05/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	09/06/2015	Dutch	PDF
Abridged model	31/12/2013	05/05/2014	05/06/2014	Dutch	PDF
Abridged model	31/12/2012	06/05/2013	24/06/2013	Dutch	PDF
Abridged model	31/12/2011	07/05/2012	18/06/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	15/06/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	11/06/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	02/07/2009	Dutch	PDF
Abridged model	31/12/2007	05/05/2008	07/05/2008	Dutch	PDF
Abridged model	31/12/2006	07/05/2007	16/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 19 ended

Active mandates

Bart VANLAER

Director

Active

Christof VANLAER

Director

Active

Ended mandates

Bart VANLAER

Managing director · since 05 mai 2015 · until 05 mai 2021

Ended

Christof VANLAER

Managing director · since 05 mai 2015 · until 05 mai 2021

Ended

Denise VANREUSEL

Director · since 05 mai 2015 · until 05 mai 2021

Ended

Bart Vanlaer

Director · since 04 mai 2009 · until 05 mai 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other18/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
PDF
Mandates26/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/02/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates30/03/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares20/12/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other25/01/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates02/06/2009
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 2025167,7 k €↓
2024
Annual accounts 2024482,9 k €↓
2023
Annual accounts 20231,1 M €↑
2023
Name changeVANLAER
2022
Annual accounts 202258,3 k €↓
2021
Annual accounts 2021189,8 k €↑
2020
Annual accounts 202022,1 k €↓
2019
Annual accounts 201929,8 k €↓
2018
Annual accounts 201839,5 k €↑
2017
Annual accounts 201734,1 k €↓
2016
Annual accounts 201660,5 k €↓
2015
Annual accounts 201597,1 k €↓
2014
Annual accounts 2014176,3 k €↑
2013
Annual accounts 201362,3 k €↑
2012
Annual accounts 2012-272,7 k €↓
2011
Annual accounts 2011-164,5 k €↓
2010
Annual accounts 201084 k €↑
2009
Annual accounts 200966,2 k €↑
2008
Annual accounts 2008-13,4 k €↓
2007
Annual accounts 200729,4 k €↓
2006
Annual accounts 200632,8 k €
2006
Name changeVANLAER-KEUKENS
02/12/1985
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

VANLAER

Overview

What does VANLAER 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