ACTIVE

AvH Growth Capital

Financial year 2025 · Closed on 31/12/2025

Net result-23,9 M €-323,8 %over 1 year

Revenue169,5 k €-17,0 %over 1 year

Equity211,9 M €-10,1 %over 1 year

Identity

Source · BCE/KBO

AvH Growth Capital is a Public limited company incorporated in 1988. Its main activity is: Activities of holding companies. Its registered office is in Etterbeek.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0434.330.168
Incorporation: 19/05/1988
Legal form: Public limited company
Registered office: Avenue de Tervueren 72
1040 Etterbeek · BruxellesSee on map
Contributed capital: 114 831 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Contacts

5 public details availableLog in to view

Signals

Solid equityGood liquidity

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	169,5 k €	-17.0%	204,1 k €	+30.2%	156,7 k €	+56.7%	100 k €	+36.4%	73,3 k €
EBITDA	-2,5 M €	-16.6%	-2,1 M €	+38.4%	-3,5 M €	+48.3%	-6,7 M €	-163%	-2,5 M €
Operating result	-2,5 M €	-16.0%	-2,2 M €	+37.8%	-3,5 M €	+47.8%	-6,7 M €	-160%	-2,6 M €
Net result	-23,9 M €	-324%	10,7 M €	+1164%	845,7 k €	-99.4%	136,9 M €	+3573%	3,7 M €
Balance sheet
Equity	211,9 M €	-10.1%	235,8 M €	+4.7%	225,1 M €	+0.4%	224,3 M €	+63.2%	137,4 M €
Total assets	223,7 M €	-8.0%	243,1 M €	+7.7%	225,7 M €	-18.0%	275,2 M €	+44.1%	191 M €
Cash	1,4 M €	+44.2%	977,5 k €	-38.8%	1,6 M €	+175%	581,9 k €	-36.8%	920,2 k €
Debts	11,6 M €	+63.0%	7,1 M €	+1040%	625,7 k €	-98.8%	50,9 M €	-5.0%	53,6 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 75 ended

Active mandates

An HERREMANS

Director · since 16 mai 2022 · until 15 mai 2028

Active

André-Xavier COOREMAN

Director · since 16 mai 2022 · until 15 mai 2028

Active

John-Eric BERTRAND

Director · since 16 mai 2022 · until 15 mai 2028

Active

Koen JANSSEN

Director · since 16 mai 2022 · until 15 mai 2028

Active

Piet BEVERNAGE

Director · since 16 mai 2022 · until 15 mai 2028

Active

Piet DEJONGHE

Director · since 16 mai 2022 · until 15 mai 2028

Active

Tom BAMELIS

Director · since 16 mai 2022 · until 15 mai 2028

Active

Ended mandates

An HERREMANS

Director · since 16 mai 2022 · until 19 mai 2025

Ended

André-Xavier COOREMAN

Director · since 16 mai 2022 · until 19 mai 2025

Ended

Jan SUYKENS

Director · since 16 mai 2022 · until 31 décembre 2023

Ended

Jan SUYKENS

Director · since 16 mai 2022 · until 19 mai 2025

Ended

Other companies at this address

Avenue de Tervueren 72 1040 Etterbeek

Company	CBE no.
Africacier● Active	0401.514.375

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	08/06/2026	21/05/2025	04/06/2024	05/06/2023	30/05/2022	14/06/2021
General meeting	18/05/2026	19/05/2025	21/05/2024	15/05/2023	16/05/2022	17/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/05/2026	08/06/2026	Dutch	PDF
Full model	31/12/2024	19/05/2025	21/05/2025	Dutch	PDF
Full model	31/12/2023	21/05/2024	04/06/2024	Dutch	PDF
Full model	31/12/2022	15/05/2023	05/06/2023	Dutch	PDF
Full model	31/12/2021	16/05/2022	30/05/2022	Dutch	PDF
Full model	31/12/2020	17/05/2021	14/06/2021	Dutch	PDF
Full model	31/12/2019	18/05/2020	04/06/2020	Dutch	PDF
Full model	31/12/2018	20/05/2019	03/06/2019	Dutch	PDF
Full model	31/12/2017	22/05/2018	29/06/2018	Dutch	PDF
Full model	31/12/2016	15/05/2017	23/05/2017	Dutch	PDF
Full model	31/12/2015	20/05/2016	30/05/2016	Dutch	PDF
Full model	31/12/2014	18/05/2015	01/06/2015	Dutch	PDF
Full model	31/12/2013	19/05/2014	11/06/2014	Dutch	PDF
Full model	31/12/2012	21/05/2013	04/06/2013	Dutch	PDF
Full model	31/12/2011	21/05/2012	08/06/2012	Dutch	PDF
Full model	31/12/2010	16/05/2011	15/06/2011	Dutch	PDF
Full model	31/12/2009	31/05/2010	14/06/2010	Dutch	PDF
Full model	31/12/2008	18/05/2009	05/06/2009	Dutch	PDF
Full model	31/12/2007	19/05/2008	05/06/2008	Dutch	PDF
Full model	31/12/2006	21/05/2007	01/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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.

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 75 ended

Active mandates

An HERREMANS

Director · since 16 mai 2022 · until 15 mai 2028

Active

André-Xavier COOREMAN

Director · since 16 mai 2022 · until 15 mai 2028

Active

John-Eric BERTRAND

Director · since 16 mai 2022 · until 15 mai 2028

Active

Koen JANSSEN

Director · since 16 mai 2022 · until 15 mai 2028

Active

Piet BEVERNAGE

Director · since 16 mai 2022 · until 15 mai 2028

Active

Piet DEJONGHE

Director · since 16 mai 2022 · until 15 mai 2028

Active

Tom BAMELIS

Director · since 16 mai 2022 · until 15 mai 2028

Active

Ended mandates

An HERREMANS

Director · since 16 mai 2022 · until 19 mai 2025

Ended

André-Xavier COOREMAN

Director · since 16 mai 2022 · until 19 mai 2025

Ended

Jan SUYKENS

Director · since 16 mai 2022 · until 31 décembre 2023

Ended

Jan SUYKENS

Director · since 16 mai 2022 · until 19 mai 2025

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates17/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/06/2022
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

01/04/2026
nominationGuy della Faille d'Huysse — lid van het investeringscomité
01/01/2026
nominationJeroen Vangindertael — lid van het investeringscomité
2025
Annual accounts 2025-23,9 M €↓
19/05/2025
reconductionAn Herremans — bestuurder
19/05/2025
reconductionJohn-Eric Bertrand — bestuurder
19/05/2025
reconductionPiet Dejonghe — bestuurder
19/05/2025
reconductionTom Bamelis — bestuurder
19/05/2025
reconductionPiet Bevernage — bestuurder
19/05/2025
reconductionAndré Cooreman — bestuurder
19/05/2025
reconductionKoen Janssen — bestuurder
2024
Annual accounts 202410,7 M €↑
22/05/2024
nominationDeloitte Bedrijfsrevisoren BV — commissaris
2023
Annual accounts 2023845,7 k €↓
15/05/2023
reconductionErnst & Young Bedrijfsrevisoren BV — commissaris
01/05/2023
nominationChristophe Maters — lid van het investeringscomité
2022
Annual accounts 2022136,9 M €↑
2021
Annual accounts 20213,7 M €↑
2020
Annual accounts 2020-282,2 k €↓
2019
Annual accounts 20191,8 M €↑
01/12/2019
nominationHilde Haems — Investeringscomité
2018
Annual accounts 2018-9,7 M €↑
01/11/2018
nominationThomas Ternest — Investeringscomité
01/01/2018
nominationNele Govaert — Investeringscomité
2017
Annual accounts 2017-19,5 M €↓
2016
Annual accounts 201641,6 M €↑
01/12/2016
nominationPhilip Heylen — Investeringscomité
2015
Annual accounts 20152,2 M €↑
2014
Annual accounts 2014-17,3 M €↓
01/09/2014
nominationJens Van Nieuwenborgh — Investeringscomité
2013
Annual accounts 201375,7 M €↑
2012
Annual accounts 201219 M €↑
2011
Annual accounts 20117,7 M €↑
2010
Annual accounts 2010-5,2 M €↓
2009
Annual accounts 200919,1 M €↓
2008
Annual accounts 200843,3 M €
19/05/1988
IncorporationPublic limited company

AvH Growth Capital

Overview

Identity

Financials

Valuation

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

Timeline