ACTIVE

VANELGRO

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Financial year 2025 · closed on 31/12/2025

Net result

267,5 k €

+69.5% YoY

Gross margin

2,6 M €

+11.4% YoY

Equity

617,4 k €

+3.3% YoY

Workforce

34,5 ETP

+1.8% YoY

What does VANELGRO do?

VANELGRO is a Private limited company incorporated in 1989. Its main activity is: Construction of utility projects for electricity and telecommunications. Its registered office is in Tongeren-Borgloon. It employs on average 34,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.281.326

Incorporation

27/12/1989

Legal form

Private limited company

Registered office

Overhaamlaan 30
3700 Tongeren-Borgloon · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

34,5 ETP

Activities (NACE)

42220Construction of utility projects for electricity and telecommunications· main 42220Construction of utility projects for electricity and telecommunications 45215Maintenance and repair of motor vehicles 45310Wholesale trade of motor vehicle parts and accessories 43211Electrical installation 43211Electrical installation

Joint committees (4)

124
149
14901
200

Signals

ProfitableSolid equityLow riskPositive 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	2,6 M €	+11.4%	2,3 M €	+9.3%	2,1 M €	+14.6%	1,9 M €	+7.5%	1,7 M €	+19.7%	1,4 M €	+0.2%	1,4 M €	+5.6%	1,4 M €	+45.3%	940 k €	+17.2%	802,4 k €	+20.8%	664,3 k €	-12.4%	758 k €	-18.1%	925 k €	+2.9%	899,2 k €	-7.2%	969,3 k €	+6.4%	911,1 k €	+7.4%	848,6 k €	-3.9%	883,1 k €	-0.9%	891,4 k €	-0.5%	896,3 k €
EBITDA	701 k €	+28.6%	545 k €	+18.2%	461,2 k €	+78.6%	258,2 k €	-2.3%	264,2 k €	-13.6%	305,8 k €	+0.7%	303,6 k €	+0.3%	302,5 k €	+74.2%	173,7 k €	+63.4%	106,3 k €	+14.7%	92,7 k €	-30.2%	132,8 k €	-11.1%	149,4 k €	+2.7%	145,5 k €	+27.2%	114,4 k €	+7.4%	106,5 k €	-18.6%	130,9 k €	+17.3%	111,5 k €	+18.0%	94,5 k €	-13.7%	109,6 k €
Operating result	359,4 k €	+55.3%	231,4 k €	+7.4%	215,4 k €	+154%	84,9 k €	-11.6%	95,9 k €	-25.8%	129,3 k €	+54.1%	83,9 k €	+53.3%	54,7 k €	+131%	23,7 k €	+19.9%	19,7 k €	+34.1%	14,7 k €	-71.7%	51,9 k €	+15.7%	44,9 k €	+56.1%	28,7 k €	-9.7%	31,8 k €	+34.4%	23,7 k €	-65.2%	68,1 k €	+30.4%	52,2 k €	+10.3%	47,3 k €	-18.7%	58,2 k €
Net result	267,5 k €	+69.5%	157,8 k €	-0.4%	158,5 k €	+112%	74,8 k €	+19.1%	62,8 k €	-29.9%	89,6 k €	+75.3%	51,1 k €	+47.4%	34,7 k €	+3164%	-1,1 k €	+74.7%	-4,5 k €	+86.7%	-33,7 k €	-372%	-7,1 k €	-330%	3,1 k €	-63.5%	8,5 k €	-0.1%	8,5 k €	+13.7%	7,5 k €	+5.2%	7,1 k €	+104%	3,5 k €	-65.3%	10,1 k €	+3907%	251 €
Balance sheet
Equity	617,4 k €	+3.3%	597,5 k €	+3.4%	577,8 k €	+13.4%	509,3 k €	+16.8%	436 k €	+16.2%	375,2 k €	+30.5%	287,6 k €	+20.1%	239,4 k €	+17.0%	204,7 k €	-0.6%	205,9 k €	-2.1%	210,3 k €	-13.8%	244 k €	+1.8%	239,6 k €	+1.3%	236,5 k €	+3.7%	228 k €	+3.9%	219,5 k €	+3.5%	212 k €	+3.5%	204,9 k €	+1.7%	201,4 k €	+5.3%	191,4 k €
Total assets	2 M €	-4.2%	2 M €	+5.4%	1,9 M €	+40.0%	1,4 M €	+15.8%	1,2 M €	+11.9%	1,1 M €	+26.0%	850,2 k €	-2.8%	875 k €	-2.9%	901,2 k €	+15.9%	777,6 k €	+11.8%	695,5 k €	-11.3%	784,3 k €	-21.2%	995,8 k €	+7.7%	924,8 k €	+21.3%	762,4 k €	+10.6%	689,5 k €	+18.0%	584,5 k €	-1.1%	591,2 k €	-5.4%	625 k €	-7.8%	678,2 k €
Cash	272,2 k €	+16.6%	233,3 k €	+20.9%	193 k €	+224%	59,6 k €	-31.2%	86,6 k €	-54.3%	189,6 k €	+15.4%	164,3 k €	+86.7%	88 k €	-56.8%	203,7 k €	+224%	62,9 k €	+422%	12 k €	-61.6%	31,4 k €	-30.5%	45,1 k €	-55.8%	102,1 k €	+174%	37,3 k €	+94069%	39,6 €	-60.8%	101 €	-35.6%	156,9 €	-78.2%	718,5 €	+36.3%	527 €
Debts	1,3 M €	-7.3%	1,4 M €	+6.1%	1,4 M €	+55.5%	878,5 k €	+15.2%	762,8 k €	+9.9%	693,9 k €	+23.3%	562,6 k €	-11.5%	635,5 k €	-8.6%	695,2 k €	+21.9%	570,4 k €	+17.8%	484,2 k €	-10.4%	540,3 k €	-28.6%	756,2 k €	+9.9%	688,3 k €	+28.8%	534,5 k €	+13.7%	470 k €	+26.2%	372,4 k €	-3.6%	386,3 k €	-8.8%	423,6 k €	-9.4%	467,8 k €
Other
Workforce	34,5 ETP	+1.8%	33,9 ETP	-1.7%	34,5 ETP	-6.8%	37,0 ETP	+6.6%	34,7 ETP	+21.3%	28,6 ETP	+6.3%	26,9 ETP	+6.7%	25,2 ETP	+30.6%	19,3 ETP	-3.0%	19,9 ETP	+8.7%	18,3 ETP	-4.2%	19,1 ETP	-11.6%	21,6 ETP	-8.1%	23,5 ETP	-2.1%	24,0 ETP	0.0%	24,0 ETP	+12.7%	21,3 ETP	+0.5%	21,2 ETP	+1.4%	20,9 ETP	-0.9%	21,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 16 ended

Active mandates

GLV Management

Administrator - manager · since 10 février 2022 · 0781.837.222

Represented by Vanheusden Glenn

Active

KEV MANAGEMENT

Administrator - manager · since 10 février 2022 · 0781.836.925

Represented by Vanheusden Kenneth

Active

Hilde Poismans

Administrator - manager · since 02 octobre 1998

Active

Erik Vanheusden

Administrator - manager · since 27 décembre 1989

Active

Ended mandates

KEV MANAGEMENT

Director · since 10 février 2023 · 0781.836.925

Represented by Kenneth Vanheusden

Ended

GLV Management

Director · since 10 février 2022 · 0781.837.222

Represented by Vanheusden GLENN

Ended

GLV Management

Director · since 10 février 2022 · 0781.837.222

Represented by Vanheusden GLENN

Ended

KEV MANAGEMENT

Director · since 10 février 2022 · 0781.836.925

Represented by Vanheusden KENNETH

Ended

At this address

Other companies at this address

Company	CBE no.
GLENNETH● Active	0462.069.693

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	20/07/2026	26/06/2025	28/06/2024	14/07/2023	08/07/2022	29/07/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	20/07/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	26/06/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	28/06/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	14/07/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	08/07/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	29/07/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	16/07/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	22/07/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	12/08/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	29/07/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	23/08/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	27/08/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	25/08/2011	Dutch	PDF
Abridged modelCorrection	31/12/2009	04/06/2010	25/08/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	02/05/2009	17/08/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	26/08/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	23/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 16 ended

Active mandates

GLV Management

Administrator - manager · since 10 février 2022 · 0781.837.222

Represented by Vanheusden Glenn

Active

KEV MANAGEMENT

Administrator - manager · since 10 février 2022 · 0781.836.925

Represented by Vanheusden Kenneth

Active

Hilde Poismans

Administrator - manager · since 02 octobre 1998

Active

Erik Vanheusden

Administrator - manager · since 27 décembre 1989

Active

Ended mandates

KEV MANAGEMENT

Director · since 10 février 2023 · 0781.836.925

Represented by Kenneth Vanheusden

Ended

GLV Management

Director · since 10 février 2022 · 0781.837.222

Represented by Vanheusden GLENN

Ended

GLV Management

Director · since 10 février 2022 · 0781.837.222

Represented by Vanheusden GLENN

Ended

KEV MANAGEMENT

Director · since 10 février 2022 · 0781.836.925

Represented by Vanheusden KENNETH

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/10/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office20/11/2008
MAATSCHAPPELIJKE ZETEL
PDF
Registered office04/07/2005
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares22/07/2004
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025267,5 k €↑
2024
Annual accounts 2024157,8 k €↓
2023
Annual accounts 2023158,5 k €↑
2022
Annual accounts 202274,8 k €↑
2021
Annual accounts 202162,8 k €↓
2020
Annual accounts 202089,6 k €↑
2019
Annual accounts 201951,1 k €↑
2018
Annual accounts 201834,7 k €↑
2017
Annual accounts 2017-1,1 k €↑
2016
Annual accounts 2016-4,5 k €↑
2015
Annual accounts 2015-33,7 k €↓
2014
Annual accounts 2014-7,1 k €↓
2013
Annual accounts 20133,1 k €↓
2012
Annual accounts 20128,5 k €↓
2011
Annual accounts 20118,5 k €↑
2010
Annual accounts 20107,5 k €↑
2009
Annual accounts 20097,1 k €↑
2008
Annual accounts 20083,5 k €↓
2007
Annual accounts 200710,1 k €↑
2006
Annual accounts 2006251 €
27/12/1989
IncorporationPrivate 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

VANELGRO

Overview

What does VANELGRO do?

Trend over 20 financial years

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