ACTIVE

VAN-DI

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Financial year 2025 · closed on 31/12/2025

Net result

9,6 k €

+89.1% YoY

Gross margin

98,5 k €

+13.8% YoY

Equity

198,2 k €

+5.1% YoY

What does VAN-DI do?

VAN-DI is a Public limited company incorporated in 1989. Its main activity is: Raising of horses and other equines. Its registered office is in As.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.223.243

Incorporation

13/04/1989

Legal form

Public limited company

Registered office

Heulkensstraat 25
3665 As · FlandreSee on map

Contributed capital

167 328,13 €

Latest accounts

31/12/2025

Activities (NACE)

01430Raising of horses and other equines· main 70200Management consultancy activities 70220Business and other management consultancy activities 74142Specialised design activities 01220Growing of tropical and subtropical fruits 01450Raising of sheep and goats+1

Joint committees (1)

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	98,5 k €	+13.8%	86,5 k €	-15.0%	101,8 k €	+58.0%	64,4 k €	+14.3%	56,4 k €	-36.5%	88,7 k €	+9.1%	81,3 k €	+55.2%	52,4 k €	+31.1%	40 k €	-42.8%	69,9 k €	-22.9%	90,7 k €	+196%	30,7 k €	-47.9%	58,8 k €	-20.9%	74,3 k €	+23.6%	60,2 k €	-21.6%	76,8 k €	-7.5%	83 k €	+17571%	-474,8 €	-101%	60,5 k €	+31.4%	46 k €
EBITDA	75,7 k €	+9.9%	68,9 k €	-3.5%	71,4 k €	+20.3%	59,4 k €	+14.4%	51,9 k €	-37.7%	83,2 k €	+13.3%	73,5 k €	+160%	28,2 k €	-23.7%	37 k €	-45.0%	67,4 k €	-20.4%	84,7 k €	+205%	27,8 k €	-50.6%	56,2 k €	-21.9%	72 k €	+27.3%	56,6 k €	-24.3%	74,7 k €	-9.0%	82,1 k €	+3074%	-2,8 k €	-105%	57,1 k €	+30.7%	43,7 k €
Operating result	25,2 k €	+13.9%	22,1 k €	-14.7%	25,9 k €	+138%	10,9 k €	-43.3%	19,2 k €	-63.6%	52,7 k €	+30.0%	40,5 k €	+918%	-5 k €	-168%	7,3 k €	-49.3%	14,4 k €	-55.6%	32,4 k €	+213%	-28,5 k €	-333%	12,3 k €	-54.6%	27 k €	+300%	6,7 k €	-72.7%	24,8 k €	-20.6%	31,2 k €	+144%	-70,5 k €	-1431%	5,3 k €	+71.7%	3,1 k €
Net result	9,6 k €	+89.1%	5,1 k €	-58.2%	12,2 k €	+255%	3,4 k €	-54.6%	7,6 k €	-78.8%	35,6 k €	+42.9%	24,9 k €	+300%	-12,4 k €	-38733%	32,2 €	-99.6%	7,9 k €	+41.0%	5,6 k €	+117%	-32,3 k €	-359%	-7 k €	-292%	3,7 k €	-62.2%	9,7 k €	-30.5%	14 k €	-32.0%	20,5 k €	+128%	-73,6 k €	-558%	16,1 k €	-9.6%	17,8 k €
Balance sheet
Equity	198,2 k €	+5.1%	188,6 k €	+2.8%	183,5 k €	+7.1%	171,3 k €	+2.0%	167,9 k €	+4.7%	160,4 k €	+28.5%	124,8 k €	+25.0%	99,8 k €	-11.1%	112,3 k €	+0.0%	112,2 k €	+7.5%	104,4 k €	+5.6%	98,8 k €	-24.6%	131,1 k €	-5.1%	138,1 k €	+2.7%	134,5 k €	+7.8%	124,8 k €	+12.6%	110,8 k €	+22.7%	90,3 k €	-44.9%	163,9 k €	+10.9%	147,9 k €
Total assets	536,3 k €	-6.9%	576,3 k €	+4.1%	553,5 k €	-1.5%	562,2 k €	-13.9%	652,9 k €	-8.2%	711,1 k €	-17.0%	857 k €	+24.2%	690,1 k €	+48.5%	464,9 k €	-7.8%	504,4 k €	-3.4%	522,3 k €	-1.7%	531,1 k €	-9.2%	584,6 k €	-7.0%	628,8 k €	+7.5%	584,9 k €	-0.6%	588,4 k €	-7.4%	635,6 k €	+24.5%	510,6 k €	+17.4%	435 k €	+0.7%	431,8 k €
Cash	49,1 k €	+188%	17 k €	-68.1%	53,4 k €	+50.4%	35,5 k €	+321%	8,4 k €	-65.5%	24,5 k €	-54.5%	53,8 k €	+195%	18,2 k €	+24.4%	14,7 k €	+2920%	485,6 €	-94.1%	8,2 k €	+4399%	182,7 €	-99.6%	44,2 k €	+371%	9,4 k €		–		32,9 k €	+6.5%	30,9 k €	-71.8%	109,4 k €	+1320%	7,7 k €	-64.1%	21,5 k €
Debts	338,1 k €	-12.8%	387,8 k €	+4.8%	370 k €	-5.3%	390,9 k €	-19.4%	485 k €	-11.9%	550,7 k €	-24.6%	730,5 k €	+23.9%	589,6 k €	+67.2%	352,5 k €	-10.1%	392,1 k €	-6.2%	418 k €	-3.3%	432,1 k €	-4.7%	453,5 k €	-7.6%	490,6 k €	+8.9%	450,4 k €	-2.9%	463,6 k €	-11.6%	524,7 k €	+24.9%	420,2 k €	+55.0%	271,1 k €	-4.5%	283,9 k €

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 · 1 active · 4 ended

Active mandates

Hendrik Kerkhofs

Managing director

Active

Ended mandates

Angelo Bruno

Director · until 29 mai 2013

Ended

Angelo Bruno

Director

Ended

Karel Kerkhofs

Director · until 11 septembre 2023

Ended

Karel Kerkhofs

Director

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	01/01/2025	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	29/07/2026	28/08/2025	09/09/2024	02/08/2023	30/08/2022	30/08/2021
General meeting	30/06/2026	21/08/2025	28/06/2024	23/06/2023	24/06/2022	25/06/2021
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
Micro model	31/12/2025	30/06/2026	29/07/2026	Dutch	PDF
Micro model	31/12/2024	21/08/2025	28/08/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	09/09/2024	Dutch	PDF
Micro model	31/12/2022	23/06/2023	02/08/2023	Dutch	PDF
Micro model	31/12/2021	24/06/2022	30/08/2022	Dutch	PDF
Micro model	31/12/2020	25/06/2021	30/08/2021	Dutch	PDF
Micro model	31/12/2019	08/09/2020	22/10/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	27/08/2019	Dutch	PDF
Micro model	31/12/2017	22/06/2018	20/07/2018	Dutch	PDF
Micro model	31/12/2016	23/06/2017	17/08/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	04/08/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	20/08/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	18/08/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	10/07/2013	Dutch	PDF
Abridged model	31/12/2011	22/06/2012	09/08/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	20/08/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	22/07/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	26/08/2008	Dutch	PDF
Abridged model	31/12/2006	22/06/2007	13/07/2007	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 · 1 active · 4 ended

Active mandates

Hendrik Kerkhofs

Managing director

Active

Ended mandates

Angelo Bruno

Director · until 29 mai 2013

Ended

Angelo Bruno

Director

Ended

Karel Kerkhofs

Director · until 11 septembre 2023

Ended

Karel Kerkhofs

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/02/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/05/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares28/02/2007
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
PDF
Mandates22/12/2003
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 20259,6 k €↑
2024
Annual accounts 20245,1 k €↓
2023
Annual accounts 202312,2 k €↑
2022
Annual accounts 20223,4 k €↓
2021
Annual accounts 20217,6 k €↓
2020
Annual accounts 202035,6 k €↑
2019
Annual accounts 201924,9 k €↑
2018
Annual accounts 2018-12,4 k €↓
2017
Annual accounts 201732,2 €↓
2016
Annual accounts 20167,9 k €↑
2015
Annual accounts 20155,6 k €↑
2014
Annual accounts 2014-32,3 k €↓
2013
Annual accounts 2013-7 k €↓
2012
Annual accounts 20123,7 k €↓
2011
Annual accounts 20119,7 k €↓
2010
Annual accounts 201014 k €↓
2009
Annual accounts 200920,5 k €↑
2008
Annual accounts 2008-73,6 k €↓
2007
Annual accounts 200716,1 k €↓
2006
Annual accounts 200617,8 k €
13/04/1989
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

VAN-DI

Overview

What does VAN-DI do?

Trend over 20 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