ACTIVE

DARAH

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Financial year 2025 · closed on 30/09/2025

Net result

-36,5 k €

-175.5% YoY

Gross margin

198,3 k €

+13.1% YoY

Equity

1,6 M €

-2.2% YoY

What does DARAH do?

DARAH is a Public limited company incorporated in 1987. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.933.287

Incorporation

06/04/1987

Legal form

Public limited company

Registered office

Goudsbloemenlaan 11
8300 Knokke-Heist · FlandreSee on map

Contributed capital

1 410 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	198,3 k €	+13.1%	175,4 k €	+2.5%	171,1 k €	+0.8%	169,6 k €	+6.6%	159,1 k €	-72.3%	574,4 k €	-1.4%	582,8 k €	+313%	141 k €	-10.3%	157,2 k €	+26.8%	124 k €	-30.7%	178,8 k €	-3.0%	184,4 k €	+10.2%	167,3 k €	-2.5%	171,6 k €	-0.3%	172,1 k €	+3.4%	166,4 k €	+5.2%	158,2 k €	+15.6%	136,8 k €	-10.3%	152,6 k €
EBITDA	168,7 k €	+14.5%	147,4 k €	+0.5%	146,6 k €	-1.2%	148,3 k €	+7.4%	138,1 k €	-75.0%	551,9 k €	-1.2%	558,8 k €	+358%	121,9 k €	-11.0%	136,9 k €	+31.6%	104,1 k €	-34.7%	159,3 k €	-3.9%	165,7 k €	+11.6%	148,5 k €	-4.1%	154,9 k €	-1.8%	157,7 k €	+3.7%	152,1 k €	+5.5%	144,1 k €	+17.0%	123,2 k €	-13.1%	141,7 k €
Operating result	46,8 k €	+16.9%	40,1 k €	+10.5%	36,3 k €	-47.3%	68,8 k €	+22.0%	56,3 k €	-87.9%	465,3 k €	-3.3%	481,3 k €	+652%	64 k €	-6.1%	68,2 k €	+392%	13,9 k €	-77.8%	62,5 k €	+388%	12,8 k €	+107%	-196,1 k €	-401%	65,1 k €	-16.4%	77,9 k €	-4.0%	81,1 k €	+22.7%	66,1 k €	+31.3%	50,3 k €	-14.7%	59 k €
Net result	-36,5 k €	-175%	48,3 k €	+411%	-15,5 k €	-127%	57,2 k €	-18.8%	70,4 k €	-77.6%	313,8 k €	-8.2%	341,8 k €	+1255%	-29,6 k €	-45.2%	-20,4 k €	+77.0%	-88,6 k €	-202%	86,6 k €	+203%	-84 k €	+63.7%	-231,4 k €	-738%	36,3 k €	+9.1%	33,2 k €	-10.0%	36,9 k €	+61.1%	22,9 k €	+52.2%	15,1 k €	-24.0%	19,8 k €
Balance sheet
Equity	1,6 M €	-2.2%	1,7 M €	-8.4%	1,8 M €	-0.9%	1,8 M €	+3.2%	1,8 M €	+4.2%	1,7 M €	+21.7%	1,4 M €	+29.5%	1,1 M €	-2.7%	1,1 M €	-1.8%	1,1 M €	-7.3%	1,2 M €	+7.7%	1,1 M €	-6.9%	1,2 M €	+91.5%	632,3 k €	+6.1%	596,1 k €	+5.9%	562,8 k €	+7.0%	525,9 k €	+4.6%	503 k €	+3.1%	487,9 k €
Total assets	4,3 M €	+2.9%	4,1 M €	+8.6%	3,8 M €	+13.0%	3,4 M €	-1.4%	3,4 M €	-3.1%	3,5 M €	+11.7%	3,2 M €	+14.1%	2,8 M €	-2.9%	2,8 M €	-1.5%	2,9 M €	-3.1%	3 M €	+2.0%	2,9 M €	-2.0%	3 M €	+122%	1,3 M €	+1.8%	1,3 M €	+13.9%	1,2 M €	+1.9%	1,1 M €	+3.3%	1,1 M €	+1.2%	1,1 M €
Cash	179,5 k €	-65.6%	521,2 k €	+683%	66,6 k €	-80.5%	342,1 k €	-49.1%	672,2 k €	-36.7%	1,1 M €	+65.9%	640,5 k €	+320%	152,4 k €	-22.5%	196,6 k €	-51.8%	407,6 k €	+11.6%	365,3 k €	+25.0%	292,2 k €	-8.2%	318,3 k €	-23.3%	414,9 k €	-4.1%	432,8 k €	+35.8%	318,7 k €	+28.4%	248,2 k €	+33.7%	185,7 k €	+73.4%	107,1 k €
Debts	2,6 M €	+6.6%	2,4 M €	+24.8%	1,9 M €	+30.9%	1,5 M €	-4.7%	1,5 M €	-6.6%	1,7 M €	-0.7%	1,7 M €	-0.6%	1,7 M €	-2.2%	1,7 M €	-2.0%	1,8 M €	-1.1%	1,8 M €	-1.6%	1,8 M €	+1.5%	1,8 M €	+154%	696,9 k €	-1.8%	709,6 k €	+19.6%	593,3 k €	-0.7%	597,5 k €	+0.4%	595,2 k €	-0.3%	597,1 k €

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 30/09/2025 · 2 active · 16 ended

Active mandates

David Vanhove

Managing director · since 19 avril 2024 · until 10 mars 2029

Active

Sarah Vanhove

Director · since 19 avril 2024 · until 10 mars 2029

Active

Ended mandates

David VANHOVE

Managing director · since 09 mars 2019 · until 08 mars 2025

Ended

Sarah VANHOVE

Director · since 09 mars 2019 · until 08 mars 2025

Ended

David VANHOVE

Managing director · since 30 septembre 2013 · until 09 mars 2019

Ended

Freddy VANHOVE

Director · since 30 septembre 2013 · until 13 février 2019

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/03/2026	10/02/2025	30/01/2024	07/03/2023	03/01/2022	23/02/2021
General meeting	02/03/2026	07/02/2025	30/01/2024	06/03/2023	23/12/2021	22/02/2021
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
Micro model	30/09/2025	02/03/2026	02/03/2026	Dutch	PDF
Micro model	30/09/2024	07/02/2025	10/02/2025	Dutch	PDF
Micro model	30/09/2023	30/01/2024	30/01/2024	Dutch	PDF
Micro model	30/09/2022	06/03/2023	07/03/2023	Dutch	PDF
Micro model	30/09/2021	23/12/2021	03/01/2022	Dutch	PDF
Micro model	30/09/2020	22/02/2021	23/02/2021	Dutch	PDF
Micro model	30/09/2019	14/03/2020	30/03/2020	Dutch	PDF
Micro model	30/09/2018	09/03/2019	27/03/2019	Dutch	PDF
Micro model	30/09/2017	10/03/2018	12/03/2018	Dutch	PDF
Abridged model	30/09/2016	11/03/2017	27/03/2017	Dutch	PDF
Abridged model	30/09/2015	12/03/2016	29/03/2016	Dutch	PDF
Abridged model	30/09/2014	14/03/2015	16/04/2015	Dutch	PDF
Abridged model	30/09/2013	08/03/2014	28/03/2014	Dutch	PDF
Abridged model	30/09/2012	09/03/2013	11/03/2013	Dutch	PDF
Abridged model	30/09/2011	10/03/2012	10/04/2012	Dutch	PDF
Abridged model	30/09/2010	12/03/2011	21/03/2011	Dutch	PDF
Abridged model	30/09/2009	13/03/2010	22/03/2010	Dutch	PDF
Abridged model	30/09/2008	14/03/2009	26/03/2009	Dutch	PDF
Abridged model	30/09/2007	08/03/2008	11/03/2008	Dutch	PDF
Abridged model	30/09/2006	10/03/2007	27/03/2007	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 30/09/2025 · 2 active · 16 ended

Active mandates

David Vanhove

Managing director · since 19 avril 2024 · until 10 mars 2029

Active

Sarah Vanhove

Director · since 19 avril 2024 · until 10 mars 2029

Active

Ended mandates

David VANHOVE

Managing director · since 09 mars 2019 · until 08 mars 2025

Ended

Sarah VANHOVE

Director · since 09 mars 2019 · until 08 mars 2025

Ended

David VANHOVE

Managing director · since 30 septembre 2013 · until 09 mars 2019

Ended

Freddy VANHOVE

Director · since 30 septembre 2013 · until 13 février 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/04/2024
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates09/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/07/2015
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/10/2013
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/04/2009
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/12/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/03/2003
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 2025-36,5 k €↓
2024
Annual accounts 202448,3 k €↑
2023
Annual accounts 2023-15,5 k €↓
2022
Annual accounts 202257,2 k €↓
2021
Annual accounts 202170,4 k €↓
2020
Annual accounts 2020313,8 k €↓
2019
Annual accounts 2019341,8 k €↑
2018
Annual accounts 2018-29,6 k €↓
2017
Annual accounts 2017-20,4 k €↑
2016
Annual accounts 2016-88,6 k €↓
2015
Annual accounts 201586,6 k €↑
2014
Annual accounts 2014-84 k €↑
2013
Annual accounts 2013-231,4 k €↓
2012
Annual accounts 201236,3 k €↑
2011
Annual accounts 201133,2 k €↓
2010
Annual accounts 201036,9 k €↑
2009
Annual accounts 200922,9 k €↑
2008
Annual accounts 200815,1 k €↓
2007
Annual accounts 200719,8 k €
06/04/1987
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

DARAH

Overview

What does DARAH do?

Trend over 19 financial years

Indicative valuation

Board of directors

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