ACTIVE

VANAFISH

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Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

-9.4% YoY

Gross margin

2,5 M €

-4.5% YoY

Equity

3,5 M €

+2.6% YoY

Workforce

17,1 ETP

-1.7% YoY

What does VANAFISH do?

VANAFISH is a Public limited company incorporated in 1987. Its registered office is in Pittem. It employs on average 17,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.566.766

Incorporation

04/03/1987

Legal form

Public limited company

Registered office

Spoorweglaan 24
8740 Pittem · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

17,1 ETP

Joint committees (2)

Contacts

1 public detail availableLog in to view

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 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	2,5 M €	-4.5%	2,6 M €	+9.6%	2,4 M €	+24.4%	1,9 M €	+1.3%	1,9 M €	+56.1%	1,2 M €	-34.2%	1,8 M €	+7.3%	1,7 M €	+17.0%	1,4 M €	+20.3%	1,2 M €	+5.1%	1,1 M €	-12.9%	1,3 M €	+26.3%	1 M €	-20.5%	1,3 M €	-1.7%	1,3 M €	+13.2%	1,2 M €	-4.8%	1,2 M €	+10.5%	1,1 M €	+14.3%	980,6 k €	-8.0%	1,1 M €
EBITDA	1,6 M €	-2.6%	1,7 M €	+13.4%	1,5 M €	+27.1%	1,2 M €	-1.7%	1,2 M €	+122%	530,9 k €	-53.6%	1,1 M €	+9.1%	1 M €	+28.8%	813,9 k €	+22.4%	664,7 k €	+1.3%	656,3 k €	-21.1%	832,3 k €	+61.7%	514,7 k €	-34.7%	788,6 k €	+4.5%	755 k €	+29.4%	583,2 k €	-16.9%	701,8 k €	+8.7%	645,6 k €	-1.5%	655,7 k €	-14.7%	768,8 k €
Operating result	1,3 M €	-7.7%	1,4 M €	+10.5%	1,3 M €	+25.3%	1 M €	+1.3%	1 M €	+245%	299,4 k €	-69.0%	964,8 k €	+16.1%	831,3 k €	+37.6%	604,2 k €	+24.4%	485,7 k €	+3.8%	467,8 k €	-23.1%	608,6 k €	+113%	285,4 k €	-51.7%	591,5 k €	-5.9%	628,9 k €	+26.5%	497 k €	-10.3%	553,9 k €	+16.3%	476,4 k €	+20.3%	395,9 k €	-25.4%	531 k €
Net result	1,1 M €	-9.4%	1,2 M €	+12.7%	1,1 M €	+24.8%	855,5 k €	+0.8%	849,1 k €	+299%	212,6 k €	-67.1%	645,9 k €	+14.3%	565 k €	+44.6%	390,8 k €	+38.0%	283,1 k €	+2.1%	277,3 k €	-28.4%	387,4 k €	+116%	179,7 k €	-52.4%	377,6 k €	-1.2%	382,2 k €	+28.9%	296,5 k €	-14.3%	345,9 k €	+11.4%	310,5 k €	+14.8%	270,6 k €	-24.8%	359,9 k €
Balance sheet
Equity	3,5 M €	+2.6%	3,4 M €	+21.4%	2,8 M €	+19.9%	2,4 M €	+17.8%	2 M €	+21.2%	1,6 M €	+14.8%	1,4 M €	+13.5%	1,3 M €	+20.5%	1 M €	+12.4%	932 k €	+43.6%	648,9 k €	-10.1%	721,6 k €	-19.3%	894,2 k €	-1.8%	910,6 k €	+24.2%	733 k €	+33.1%	550,8 k €	-18.9%	679,3 k €	-40.1%	1,1 M €	+5.6%	1,1 M €	+33.7%	802,3 k €
Total assets	5,4 M €	-1.5%	5,5 M €	+31.7%	4,2 M €	-13.6%	4,8 M €	+30.5%	3,7 M €	+0.2%	3,7 M €	-2.5%	3,8 M €	+1.7%	3,7 M €	+10.6%	3,4 M €	+2.2%	3,3 M €	+16.1%	2,8 M €	-0.4%	2,9 M €	+4.2%	2,7 M €	-1.1%	2,8 M €	+5.3%	2,6 M €	+1.6%	2,6 M €	-4.0%	2,7 M €	+6.3%	2,5 M €	-14.5%	3 M €	-17.5%	3,6 M €
Cash	261,1 k €	-21.0%	330,4 k €	+292%	84,2 k €	-81.3%	451 k €	-4.7%	473,4 k €	-41.5%	809,1 k €	+19.6%	676,6 k €	+57.8%	428,9 k €	-13.9%	498,3 k €	-9.5%	550,6 k €	+38.1%	398,7 k €	+8.4%	367,7 k €	+143%	151,4 k €	+22.6%	123,4 k €	+70.1%	72,6 k €	-47.8%	139,2 k €	+104%	68,1 k €	-39.2%	112 k €	-15.9%	133,2 k €	-80.1%	669,1 k €
Debts	1,9 M €	-8.3%	2,1 M €	+53.1%	1,4 M €	-45.3%	2,5 M €	+45.3%	1,7 M €	-16.7%	2 M €	-13.0%	2,4 M €	-4.4%	2,5 M €	+9.4%	2,3 M €	-4.7%	2,4 M €	+7.9%	2,2 M €	+2.9%	2,1 M €	+15.6%	1,8 M €	-0.6%	1,9 M €	-2.4%	1,9 M €	-6.9%	2 M €	+1.0%	2 M €	+43.7%	1,4 M €	-25.9%	1,9 M €	-29.0%	2,7 M €
Other
Workforce	17,1 ETP	-1.7%	17,4 ETP	-2.8%	17,9 ETP	-3.2%	18,5 ETP	+4.5%	17,7 ETP	-3.8%	18,4 ETP	+7.6%	17,1 ETP	+6.2%	16,1 ETP	+19.3%	13,5 ETP	+19.5%	11,3 ETP	+2.7%	11,0 ETP	+1.9%	10,8 ETP	0.0%	10,8 ETP	-4.4%	11,3 ETP	-5.0%	11,9 ETP	+2.6%	11,6 ETP	-10.8%	13,0 ETP	-6.5%	13,9 ETP	+41.8%	9,8 ETP	+46.3%	6,7 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 · 25 ended

Active mandates

Tanguy BUYSE

Director · since 01 janvier 2026 · until 01 janvier 2032

Active

Ursidae

Managing director · since 01 janvier 2026 · until 01 janvier 2032 · 0628.959.678

Represented by Bruno DUMOLIN

Active

Ended mandates

Tanguy BUYSE

Director · since 01 janvier 2020 · until 01 janvier 2026

Ended

Ursidae

Managing director · since 01 janvier 2020 · until 01 janvier 2026 · 0628.959.678

Represented by Bruno DUMOLIN

Ended

Bruno DUMOLIN

Director · since 30 avril 2015 · until 01 janvier 2020

Ended

Bruno DUMOLIN

Director · since 30 avril 2015 · until 30 avril 2021

Ended

At this address

Other companies at this address

Company	CBE no.
ENNO● Active	0430.782.938
Ursidae● Active	0628.959.678
Urso Real Estate● Active	1002.831.728

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	30/06/2026	03/07/2025	04/07/2024	05/07/2023	30/06/2022	30/06/2021
General meeting	03/06/2026	04/06/2025	05/06/2024	07/06/2023	01/06/2022	02/06/2021
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	03/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	04/06/2025	03/07/2025	Dutch	PDF
Abridged model	31/12/2023	05/06/2024	04/07/2024	Dutch	PDF
Abridged model	31/12/2022	07/06/2023	05/07/2023	Dutch	PDF
Abridged model	31/12/2021	01/06/2022	30/06/2022	Dutch	PDF
Abridged model	31/12/2020	02/06/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	03/06/2020	01/07/2020	Dutch	PDF
Abridged model	31/12/2018	05/06/2019	01/07/2019	Dutch	PDF
Abridged model	31/12/2017	06/06/2018	02/07/2018	Dutch	PDF
Abridged model	31/12/2016	07/06/2017	06/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/04/2016	03/05/2016	Dutch	PDF
Abridged model	31/12/2014	17/04/2015	12/05/2015	Dutch	PDF
Abridged model	31/12/2013	04/06/2014	19/06/2014	Dutch	PDF
Abridged model	31/12/2012	05/06/2013	19/06/2013	Dutch	PDF
Abridged model	31/12/2011	06/06/2012	15/06/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	15/06/2011	Dutch	PDF
Abridged model	31/12/2009	02/06/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	03/06/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	04/06/2008	12/06/2008	Dutch	PDF
Abridged model	31/12/2006	06/06/2007	26/06/2007	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 · 25 ended

Active mandates

Tanguy BUYSE

Director · since 01 janvier 2026 · until 01 janvier 2032

Active

Ursidae

Managing director · since 01 janvier 2026 · until 01 janvier 2032 · 0628.959.678

Represented by Bruno DUMOLIN

Active

Ended mandates

Tanguy BUYSE

Director · since 01 janvier 2020 · until 01 janvier 2026

Ended

Ursidae

Managing director · since 01 janvier 2020 · until 01 janvier 2026 · 0628.959.678

Represented by Bruno DUMOLIN

Ended

Bruno DUMOLIN

Director · since 30 avril 2015 · until 01 janvier 2020

Ended

Bruno DUMOLIN

Director · since 30 avril 2015 · until 30 avril 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/05/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/03/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/09/2007
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/07/2007
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 20251,1 M €↓
2024
Annual accounts 20241,2 M €↑
2023
Annual accounts 20231,1 M €↑
2022
Annual accounts 2022855,5 k €↑
2021
Annual accounts 2021849,1 k €↑
2020
Annual accounts 2020212,6 k €↓
2019
Annual accounts 2019645,9 k €↑
2018
Annual accounts 2018565 k €↑
2017
Annual accounts 2017390,8 k €↑
2016
Annual accounts 2016283,1 k €↑
2015
Annual accounts 2015277,3 k €↓
2014
Annual accounts 2014387,4 k €↑
2013
Annual accounts 2013179,7 k €↓
2012
Annual accounts 2012377,6 k €↓
2011
Annual accounts 2011382,2 k €↑
2010
Annual accounts 2010296,5 k €↓
2009
Annual accounts 2009345,9 k €↑
2008
Annual accounts 2008310,5 k €↑
2007
Annual accounts 2007270,6 k €↓
2006
Annual accounts 2006359,9 k €
04/03/1987
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

VANAFISH

Overview

What does VANAFISH 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