VANAL
0437.532.158 · rovalta.com · 22/09/2026
NORMAL SITUATION
VANAL
Financial year 2025 · closed on 31/12/2025
Net result
623,1 k €
+6206.1% YoY
Gross margin
842,9 k €
+242766.0% YoY
Equity
0 €
-100.0% YoY
Company — Normal situation.
Overview
What does VANAL do?
VANAL is a company registered in Belgium.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0437.532.158
Legal form
Public limited company
Contributed capital
0,00 €
Latest accounts
31/12/2025
Signals
ProfitablePositive cashflowPositive EBITDA
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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 | 842,9 k € | +242766% | -347,4 € | -104% | 9,3 k € | -43.0% | 16,3 k € | +7.6% | 15,2 k € | -5.6% | 16,1 k € | +15.8% | 13,9 k € | -1.1% | 14 k € | +0.0% | 14 k € | -2.9% | 14,5 k € | -9.6% | 16 k € | +33.3% | 12 k € | -21.4% | 15,3 k € | +87.9% | 8,1 k € | +261% | 2,3 k € | -89.2% | 20,9 k € | -21.8% | 26,7 k € | +11.6% | 24 k € | -23.5% | 31,3 k € | -6.2% | 33,4 k € |
| EBITDA | 833,3 k € | +8366% | -10,1 k € | -14256% | -70,2 € | -101% | 7,8 k € | +17.4% | 6,7 k € | -12.5% | 7,6 k € | +30.6% | 5,8 k € | -5.2% | 6,2 k € | -2.2% | 6,3 k € | -7.7% | 6,8 k € | -14.9% | 8 k € | +79.7% | 4,5 k € | -33.0% | 6,7 k € | +427% | 1,3 k € | +126% | -4,8 k € | -133% | 14,5 k € | -26.8% | 19,8 k € | +12.8% | 17,6 k € | -30.0% | 25,1 k € | -7.3% | 27,1 k € |
| Operating result | 833,3 k € | +8366% | -10,1 k € | -14256% | -70,2 € | -101% | 7,8 k € | +17.4% | 6,7 k € | -12.5% | 7,6 k € | +30.6% | 5,8 k € | -5.2% | 6,2 k € | -2.2% | 6,3 k € | -7.7% | 6,8 k € | -14.9% | 8 k € | +79.7% | 4,5 k € | +173% | -6,1 k € | +46.9% | -11,5 k € | +34.7% | -17,6 k € | -1112% | 1,7 k € | -75.3% | 7,1 k € | +5019% | -143,4 € | -102% | 7,4 k € | -21.1% | 9,4 k € |
| Net result | 623,1 k € | +6206% | -10,2 k € | -5588% | -179,4 € | -103% | 5,8 k € | +26.1% | 4,6 k € | -26.2% | 6,2 k € | +6.8% | 5,8 k € | -5.3% | 6,1 k € | -2.3% | 6,3 k € | -6.6% | 6,7 k € | -13.8% | 7,8 k € | +79.1% | 4,4 k € | +162% | -7 k € | +79.1% | -33,7 k € | -182% | 41 k € | +3883% | -1,1 k € | -171% | 1,5 k € | +2103% | 68,9 € | -99.0% | 6,9 k € | -7.7% | 7,4 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 0 € | -100% | 66,3 k € | -13.3% | 76,5 k € | -0.2% | 76,7 k € | +8.2% | 70,9 k € | +6.9% | 66,3 k € | +10.4% | 60,1 k € | -36.3% | 94,3 k € | +7.0% | 88,1 k € | +7.7% | 81,8 k € | +9.0% | 75,1 k € | +11.6% | 67,3 k € | +6.9% | 62,9 k € | -10.1% | 69,9 k € | -32.5% | 103,7 k € | +65.4% | 62,7 k € | -1.7% | 63,8 k € | +2.4% | 62,2 k € | +0.1% | 62,2 k € | +12.4% | 55,3 k € |
| Total assets | 0 € | -100% | 66,7 k € | -13.2% | 76,9 k € | -4.4% | 80,5 k € | +10.8% | 72,6 k € | +7.3% | 67,7 k € | -33.7% | 102,1 k € | +6.0% | 96,3 k € | +6.8% | 90,2 k € | +6.8% | 84,4 k € | +8.7% | 77,7 k € | +8.1% | 71,8 k € | +10.7% | 64,9 k € | -31.1% | 94,2 k € | -33.6% | 141,8 k € | -16.4% | 169,7 k € | -8.3% | 185,1 k € | -2.1% | 189,1 k € | +30.4% | 145 k € | -9.9% | 160,9 k € |
| Cash | 0 € | -100% | 2,9 k € | -28.1% | 4 k € | -46.0% | 7,4 k € | -49.5% | 14,6 k € | +50.7% | 9,7 k € | -78.0% | 44,2 k € | +15.2% | 38,3 k € | +19.1% | 32,2 k € | +21.8% | 26,4 k € | +785% | 3 k € | -78.4% | 13,8 k € | +97.0% | 7 k € | -70.7% | 23,9 k € | +2860% | 807,3 € | -38.7% | 1,3 k € | -34.0% | 2 k € | -54.7% | 4,4 k € | +426% | 839,2 € | -74.7% | 3,3 k € |
| Debts | – | – | 0 € | -100% | 3,8 k € | +116% | 1,8 k € | +26.0% | 1,4 k € | -96.7% | 42,1 k € | +1936% | 2,1 k € | 0.0% | 2,1 k € | -20.2% | 2,6 k € | +0.4% | 2,6 k € | -43.6% | 4,6 k € | +129% | 2 k € | -91.8% | 24,3 k € | -36.4% | 38,1 k € | -17.6% | 46,3 k € | -23.7% | 60,6 k € | -19.0% | 74,8 k € | +99.2% | 37,6 k € | -44.1% | 67,2 k € | ||
Governance
Board of directors
Seen on filing of 31/12/2024 · 4 active · 8 ended
Active mandates
Martin Jorgen Flaga
ActiveSoren Sandholm Overgaard
ActiveCarsten Frees
ActiveHenrik Ziegler
ActiveEnded mandates
Carsten Fees
EndedCarsten Frees
EndedHenrik Ziegler
EndedMichael Bohl Brinks
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged 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 | 27/02/2026 | 29/08/2025 | 20/12/2024 | 21/08/2023 | 07/04/2023 | 20/04/2021 |
| General meeting | 31/12/2025 | 26/08/2025 | 18/12/2024 | 30/06/2023 | 28/02/2023 | 17/04/2021 |
| 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
Looking for more information about this company?
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Annual accounts filings
37 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 31/12/2025 | 27/02/2026 | Dutch | |
| Abridged model | 31/12/2024 | 26/08/2025 | 29/08/2025 | Dutch | |
| Abridged model | 31/12/2023 | 18/12/2024 | 20/12/2024 | Dutch | |
| Abridged model | 31/12/2022 | 30/06/2023 | 21/08/2023 | Dutch | |
| Abridged model | 31/12/2021 | 28/02/2023 | 07/04/2023 | Dutch | |
| Micro model | 31/12/2020 | 17/04/2021 | 20/04/2021 | Dutch | |
| Micro model | 31/12/2019 | 18/04/2020 | 19/05/2020 | Dutch | |
| Micro model | 31/12/2018 | 20/04/2019 | 23/04/2019 | Dutch | |
| Micro model | 31/12/2017 | 21/04/2018 | 04/06/2018 | Dutch | |
| Abridged model | 31/12/2016 | 15/04/2017 | 24/04/2017 | Dutch | |
| Abridged model | 31/12/2015 | 16/04/2016 | 17/05/2016 | Dutch | |
| Abridged model | 31/12/2014 | 17/04/2015 | 19/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 18/04/2014 | 05/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 19/04/2013 | 18/06/2013 | Dutch | |
| Abridged model | 31/12/2011 | 21/04/2012 | 27/04/2012 | Dutch | |
| Abridged model | 31/12/2010 | 19/05/2011 | 08/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 20/05/2010 | 14/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 18/04/2009 | 14/05/2009 | Dutch | |
| Abridged model | 31/12/2007 | 18/04/2008 | 08/07/2008 | Dutch | |
| Abridged model | 31/12/2006 | 27/04/2007 | 24/07/2007 | Dutch | |
| Abridged model | 31/12/2005 | 28/04/2006 | 15/06/2006 | Dutch | |
| Abridged model | 31/12/2004 | 29/04/2005 | 08/07/2005 | Dutch | |
| Abridged model | 31/12/2003 | 23/04/2004 | 08/12/2004 | Dutch | |
| Abridged model | 31/12/2002 | 21/04/2003 | 04/08/2003 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2024 · 4 active · 8 ended
Active mandates
Martin Jorgen Flaga
ActiveSoren Sandholm Overgaard
ActiveCarsten Frees
ActiveHenrik Ziegler
ActiveEnded mandates
Carsten Fees
EndedCarsten Frees
EndedHenrik Ziegler
EndedMichael Bohl Brinks
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Dissolution05/02/2026ONTBINDING EN SLUITING VAN VEREFFENING
- Mandates17/06/2025Ontslag bestuurders - Benoeming bestuurders - Ontslag van de dagelijkse
- Mandates27/02/2023ONTSLAGEN - BENOEMINGEN
- Mandates29/06/2021ONTSLAGEN - BENOEMINGEN
- Mandates20/12/2019ONTSLAGEN - BENOEMINGEN
- Mandates14/09/2009ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025623,1 k €↑
- 2024Annual accounts 2024-10,2 k €↓
- 2023Annual accounts 2023-179,4 €↓
- 2022Annual accounts 20225,8 k €↑
- 2021Annual accounts 20214,6 k €↓
- 2020Annual accounts 20206,2 k €↑
- 2019Annual accounts 20195,8 k €↓
- 2018Annual accounts 20186,1 k €↓
- 2017Annual accounts 20176,3 k €↓
- 2016Annual accounts 20166,7 k €↓
- 2015Annual accounts 20157,8 k €↑
- 2014Annual accounts 20144,4 k €↑
- 2013Annual accounts 2013-7 k €↑
- 2012Annual accounts 2012-33,7 k €↓
- 2011Annual accounts 201141 k €↑
- 2010Annual accounts 2010-1,1 k €↓
- 2009Annual accounts 20091,5 k €↑
- 2008Annual accounts 200868,9 €↓
- 2007Annual accounts 20076,9 k €↓
- 2006Annual accounts 20067,4 k €