ACTIVE

VHC

Financial year 2025 · closed on 31/12/2025
Net result
-42,1 k €
-2273.4% YoY
Gross margin
3,8 k €
-91.0% YoY
Equity
471,3 k €
-8.2% YoY

What does VHC do?

VHC is a Private limited company incorporated in 1989. Its registered office is in Beersel.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0437.779.410
Incorporation
16/06/1989
Legal form
Private limited company
Registered office
Bronstraat 5
1652 Beersel · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Signals
Solid equity
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin3,8 k €42 k €51,7 k €16,6 k €17 k €43,2 k €82,3 k €45,9 k €60,4 k €8,1 k €-1,2 k €-15,7 k €-13,4 k €-6,8 k €475 €22,5 k €27,9 k €18,3 k €15,5 k €21,2 k €
EBITDA-10,1 k €31,5 k €42,8 k €9,1 k €11,6 k €37,5 k €75,6 k €41,5 k €22 k €3,3 k €-6,9 k €-20,3 k €-17,1 k €-10 k €-3,9 k €15,5 k €20,7 k €11,3 k €8,9 k €13,4 k €
Operating result-50,6 k €-8,9 k €842,5 €-95 k €-6,4 k €20,2 k €49,4 k €15,5 k €-2,9 k €-29,9 k €-37,3 k €-44,7 k €-26,4 k €-19,4 k €-16,4 k €-7,4 k €-3,7 k €-13,1 k €-15,4 k €-12,1 k €
Net result-42,1 k €-1,8 k €-9,2 k €-66,9 k €-7,2 k €7,4 k €4,1 k €9,9 k €23,2 k €-4,5 k €30,7 k €188,8 k €605 €161,7 k €210,5 k €-3,5 k €1,1 k €5,5 k €5,5 k €-8,9 k €
Balance sheet
Equity471,3 k €513,4 k €516 k €525,9 k €593,7 k €601,7 k €595,1 k €591,8 k €582,7 k €559,6 k €564,1 k €533,4 k €772,2 k €771,6 k €609,8 k €399,4 k €402,9 k €401,7 k €396,3 k €390,8 k €
Total assets1,2 M €1,4 M €1,5 M €1,5 M €1,5 M €1 M €1,1 M €1,2 M €1,1 M €1 M €1,1 M €1,2 M €1,1 M €1,1 M €803,3 k €442,8 k €447 k €455,2 k €462,3 k €468,6 k €
Cash8,4 k €3,3 k €2,7 k €254 k €11,8 k €28 k €22,6 k €84,7 k €2,3 k €39,3 k €2,5 k €93,4 k €186,7 k €97,6 k €38,9 k €9,1 k €5,6 k €5 k €4,1 k €904,1 €
Debts670,3 k €788,2 k €832,5 k €855,5 k €778,9 k €322,8 k €400,2 k €487,5 k €421,5 k €242,3 k €279,5 k €272,1 k €12 k €27,9 k €19,5 k €15,6 k €15,6 k €23,7 k €35,2 k €45,9 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 31/12/2025 · 2 active · 7 ended

Active mandates

Martine Lenoir

Director · since 18 août 2014

Active
Patrick VAN HOUTRYVE

Director · since 18 août 2014

Active

Ended mandates

Martine LENOIR

Director · since 28 mars 2014

Ended
Jenny DEBISSCHOP

Managing director

Ended
Jenny DEBISSCHOP

Manager

Ended
Martine LENOIR

Director

Ended
At this address

Other companies at this address

CompanyCBE no.
CREOLLiquidation
0447.989.253
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/06/202611/08/202526/06/202428/06/202323/06/202218/06/2021
General meeting06/06/202607/06/202501/06/202403/06/202304/06/202205/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202506/06/202629/06/2026DutchPDF
Micro model31/12/202407/06/202511/08/2025DutchPDF
Micro model31/12/202301/06/202426/06/2024DutchPDF
Micro model31/12/202203/06/202328/06/2023DutchPDF
Micro model31/12/202104/06/202223/06/2022DutchPDF
Micro model31/12/202005/06/202118/06/2021DutchPDF
Micro model31/12/201906/06/202003/09/2020DutchPDF
Micro model31/12/201801/06/201929/08/2019DutchPDF
Micro model31/12/201702/06/201812/07/2018DutchPDF
Micro model31/12/201603/06/201727/06/2017DutchPDF
Abridged model31/12/201504/06/201614/07/2016DutchPDF
Abridged model31/12/201418/06/201504/08/2015FrenchPDF
Abridged model31/12/201307/06/201403/07/2014FrenchPDF
Abridged model31/12/201201/06/201309/07/2013FrenchPDF
Abridged model31/12/201130/06/201212/07/2012FrenchPDF
Abridged model31/12/201030/06/201101/08/2011FrenchPDF
Abridged model31/12/200930/06/201019/08/2010FrenchPDF
Abridged model31/12/200806/06/200910/08/2009FrenchPDF
Abridged model31/12/200730/06/200828/08/2008FrenchPDF
Abridged model31/12/200617/08/200720/08/2007FrenchPDF
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 31/12/2025 · 2 active · 7 ended

Active mandates

Martine Lenoir

Director · since 18 août 2014

Active
Patrick VAN HOUTRYVE

Director · since 18 août 2014

Active

Ended mandates

Martine LENOIR

Director · since 28 mars 2014

Ended
Jenny DEBISSCHOP

Managing director

Ended
Jenny DEBISSCHOP

Manager

Ended
Martine LENOIR

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Mandates07/11/2017
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates28/07/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office25/11/2015
    SIEGE SOCIAL
    PDF
  • Mandates10/09/2014
    DENOMINATION - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other28/04/2014
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE
    PDF
  • Other16/01/2012
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates23/11/2011
    DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2025
    Annual accounts 2025-42,1 k €
  2. 2024
    Annual accounts 2024-1,8 k €
  3. 2023
    Annual accounts 2023-9,2 k €
  4. 2022
    Annual accounts 2022-66,9 k €
  5. 2021
    Annual accounts 2021-7,2 k €
  6. 2020
    Annual accounts 20207,4 k €
  7. 2019
    Annual accounts 20194,1 k €
  8. 2018
    Annual accounts 20189,9 k €
  9. 2017
    Annual accounts 201723,2 k €
  10. 2016
    Annual accounts 2016-4,5 k €
  11. 2015
    Annual accounts 201530,7 k €
  12. 2014
    Annual accounts 2014188,8 k €
  13. 2013
    Annual accounts 2013605 €
  14. 2012
    Annual accounts 2012161,7 k €
  15. 2011
    Annual accounts 2011210,5 k €
  16. 2010
    Annual accounts 2010-3,5 k €
  17. 2009
    Annual accounts 20091,1 k €
  18. 2008
    Annual accounts 20085,5 k €
  19. 2007
    Annual accounts 20075,5 k €
  20. 2006
    Annual accounts 2006-8,9 k €
  21. 16/06/1989
    IncorporationPrivate limited company