VOLUNTARY DISSOLUTION - LIQUIDATION

VACOVE

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Financial year 2025 · closed on 31/12/2025

Net result

178,4 k €

-47.6% YoY

Gross margin

264 k €

-47.3% YoY

Equity

793,3 k €

+1.4% YoY

Company — Voluntary dissolution - liquidation.

What does VACOVE do?

VACOVE is a Public limited company incorporated in 1987. Its registered office is in Houthalen-Helchteren.

Legal situation

● Voluntary dissolution - liquidation

BCE/KBO no. / VAT

BE 0432.998.991

Incorporation

28/12/1987

Legal form

Public limited company

Registered office

Ringlaan 18 box 1
3530 Houthalen-Helchteren · FlandreSee on map

Contributed capital

245 414,59 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2020		2019		2018		2017		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	264 k €	-47.3%	501 k €	+210%	161,6 k €	+1355%	11,1 k €	-34.0%	16,8 k €		–		-3,7 k €	-115%	25,3 k €	+99.8%	12,7 k €	-43.8%	22,5 k €	+11.6%	20,2 k €	-36.8%	32 k €	+48.6%	21,5 k €	-28.6%	30,1 k €	-8.0%	32,8 k €	+0.8%	32,5 k €	+5.3%	30,8 k €	+74.7%	17,7 k €	-22.7%	22,9 k €
EBITDA	264 k €	-47.3%	501 k €	+210%	161,4 k €	+1383%	10,9 k €	-34.7%	16,7 k €		–		-4,9 k €	+84.1%	-31 k €	-466%	8,5 k €	-54.0%	18,4 k €	-8.8%	20,2 k €	-25.3%	27 k €	+61.8%	16,7 k €	-32.9%	24,9 k €	-10.0%	27,7 k €	+1.0%	27,4 k €	+3.6%	26,5 k €	+90.3%	13,9 k €	-27.4%	19,2 k €
Operating result	264 k €	-47.0%	497,8 k €	+236%	148,1 k €	+7757%	-1,9 k €	-150%	3,9 k €		–		-17,7 k €	+60.1%	-44,4 k €	-794%	-5 k €	-200%	5 k €	-5.4%	5,3 k €	-55.7%	11,9 k €	+513%	1,9 k €	-82.5%	11,1 k €	-25.4%	14,8 k €	+1.5%	14,6 k €	+6.4%	13,7 k €	+197%	-14,2 k €	-633%	2,7 k €
Net result	178,4 k €	-47.6%	340,7 k €	+420%	65,5 k €	+3401%	-2 k €	-199%	2 k €		–		52,5 k €	+211%	-47 k €	-468%	-8,3 k €	-464%	2,3 k €	-98.6%	162,9 k €	+837%	-22,1 k €	-528%	-3,5 k €	-168%	5,1 k €	+105%	-110,1 k €	-1605%	7,3 k €	+96.5%	3,7 k €	+121%	-17,5 k €	-321%	7,9 k €
Balance sheet
Equity	793,3 k €	+1.4%	782,1 k €	-14.6%	916,3 k €	-9.3%	1 M €	-0.2%	1 M €	+0.2%	1 M €	0.0%	1 M €	+547%	156,3 k €	-23.1%	203,4 k €	-3.9%	211,6 k €	+4.7%	202,1 k €	+415%	39,2 k €	-36.0%	61,3 k €	-5.4%	64,9 k €	+8.6%	59,7 k €	-64.8%	169,8 k €	+4.5%	162,5 k €	+2.3%	158,7 k €	-9.9%	176,2 k €
Total assets	827,4 k €	-11.9%	939,2 k €	+2.5%	916,3 k €	-11.0%	1 M €	-0.5%	1 M €	-3.3%	1,1 M €	0.0%	1,1 M €	+268%	290,5 k €	-17.3%	351,4 k €	-5.0%	370,1 k €	-6.9%	397,4 k €	+18.4%	335,5 k €	-9.2%	369,5 k €	-2.2%	377,8 k €	-1.0%	381,8 k €	-37.6%	611,4 k €	-0.8%	616,4 k €	-2.1%	629,7 k €	+38.1%	456 k €
Cash	707,4 k €	-2.9%	728,8 k €	+658%	96,2 k €	+109%	45,9 k €	+26.9%	36,2 k €	-40.1%	60,4 k €	0.0%	60,4 k €	-12.9%	69,4 k €	+6.9%	64,9 k €	-7.5%	70,1 k €	-20.7%	88,5 k €	+5184%	1,7 k €	-70.2%	5,6 k €	-40.3%	9,4 k €	+47.5%	6,4 k €	-66.0%	18,8 k €	-20.4%	23,6 k €	-14.2%	27,5 k €	-65.3%	79,2 k €
Debts	34 k €	-78.3%	157,1 k €	+541503%	29 €	-99.8%	18,7 k €	-15.3%	22 k €	-62.5%	58,8 k €	0.0%	58,8 k €	+21.3%	48,5 k €	-22.3%	62,4 k €	-14.3%	72,8 k €	-33.6%	109,6 k €	-62.9%	295,6 k €	-3.9%	307,4 k €	-1.8%	312,9 k €	-2.8%	322,1 k €	-26.2%	436,6 k €	-3.2%	451,2 k €	-4.2%	471 k €	+68.4%	279,7 k €

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 18 ended

Active mandates

MARK BERNAERTS

Liquidator · since 18 décembre 2020

Active

Ended mandates

Rita Van Coppenolle

Managing director · since 18 juin 2010 · until 18 juin 2016

Ended

Stijn Bartolomivis

Director · since 18 juin 2010 · until 18 juin 2016

Ended

Toon Vandijck

Director · since 18 juin 2010 · until 18 juin 2016

Ended

Christina Maria Vandijck

Director · since 16 juin 2006 · until 15 juin 2012

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged 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	19/12/2020
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	1 months
Filing date	13/03/2026	11/06/2025	17/06/2024	06/07/2023	16/06/2022	16/06/2022
General meeting	17/02/2026	–	14/06/2024	–	–	–
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
Abridged model	31/12/2025	17/02/2026	13/03/2026	Dutch	PDF
Abridged model	31/12/2024	—	11/06/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	17/06/2024	Dutch	PDF
Micro model	31/12/2022	—	06/07/2023	Dutch	PDF
Micro model	31/12/2021	—	16/06/2022	Dutch	PDF
Micro model	31/12/2020	—	16/06/2022	Dutch	PDF
Micro model	18/12/2020	16/07/2021	17/09/2021	Dutch	PDF
Micro model	31/12/2019	12/06/2020	21/04/2021	Dutch	PDF
Micro model	31/12/2018	14/06/2019	21/04/2021	Dutch	PDF
Micro model	31/12/2017	08/06/2018	01/10/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	18/07/2017	Dutch	PDF
Abridged model	31/12/2015	18/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	24/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	28/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	22/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	26/08/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	16/07/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	22/06/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	24/06/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	19/06/2007	Dutch	PDF

Estimate

Indicative valuation

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 · 1 active · 18 ended

Active mandates

MARK BERNAERTS

Liquidator · since 18 décembre 2020

Active

Ended mandates

Rita Van Coppenolle

Managing director · since 18 juin 2010 · until 18 juin 2016

Ended

Stijn Bartolomivis

Director · since 18 juin 2010 · until 18 juin 2016

Ended

Toon Vandijck

Director · since 18 juin 2010 · until 18 juin 2016

Ended

Christina Maria Vandijck

Director · since 16 juin 2006 · until 15 juin 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/01/2021
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - ONTSLAGEN - BENOEMINGEN
PDF
Registered office11/02/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates03/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Registered office20/02/2012
MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/09/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/10/2006
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 2025178,4 k €↓
2024
Annual accounts 2024340,7 k €↑
2023
Annual accounts 202365,5 k €↑
2022
Annual accounts 2022-2 k €↓
2021
Annual accounts 20212 k €↓
2020
Annual accounts 2020
2020
Annual accounts 202052,5 k €↑
2019
Annual accounts 2019-47 k €↓
2018
Annual accounts 2018-8,3 k €↓
2017
Annual accounts 20172,3 k €↓
2014
Annual accounts 2014162,9 k €↑
2013
Annual accounts 2013-22,1 k €↓
2012
Annual accounts 2012-3,5 k €↓
2011
Annual accounts 20115,1 k €↑
2010
Annual accounts 2010-110,1 k €↓
2009
Annual accounts 20097,3 k €↑
2008
Annual accounts 20083,7 k €↑
2007
Annual accounts 2007-17,5 k €↓
2006
Annual accounts 20067,9 k €
28/12/1987
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

VACOVE

Overview

What does VACOVE do?

Trend over 19 financial years

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