ACTIVE

VANHA

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Financial year 2025 · closed on 30/09/2025

Net result

-291,4 €

+96.6% YoY

Gross margin

39 k €

+44.0% YoY

Equity

333,4 k €

-6.4% YoY

What does VANHA do?

VANHA is a Public limited company incorporated in 1990. Its registered office is in Waregem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.092.148

Incorporation

21/09/1990

Legal form

Public limited company

Registered office

Fazantenlaan 8
8790 Waregem · FlandreSee on map

Contributed capital

74 368,06 €

Latest accounts

30/09/2025

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	39 k €	+44.0%	27,1 k €	-42.4%	47 k €	-2.8%	48,4 k €	-27.6%	66,8 k €	+62.2%	41,2 k €	-22.9%	53,5 k €	+4.9%	51 k €	+110%	24,3 k €	-59.3%	59,7 k €	+6.1%	56,3 k €	-4.0%	58,6 k €	+11.1%	52,8 k €	+17.1%	45,1 k €	+2.1%	44,1 k €	+7.0%	41,3 k €	-10.2%	45,9 k €
EBITDA	29 k €	+69.4%	17,1 k €	-53.4%	36,7 k €	-8.9%	40,3 k €	-32.0%	59,3 k €	+62.9%	36,4 k €	-21.2%	46,2 k €	+3.5%	44,6 k €	+149%	17,9 k €	-66.4%	53,4 k €	+6.7%	50 k €	-4.2%	52,2 k €	+12.0%	46,6 k €	+19.1%	39,1 k €	+1.8%	38,4 k €	+7.3%	35,8 k €	-11.9%	40,6 k €
Operating result	-1,1 k €	+89.4%	-10,3 k €	-221%	8,5 k €	-31.0%	12,4 k €	-68.6%	39,4 k €	+1049%	3,4 k €	-78.7%	16,1 k €	+6.1%	15,2 k €	+246%	-10,4 k €	-137%	28,3 k €	+16.1%	24,4 k €	-6.5%	26,1 k €	+15.8%	22,6 k €	+53.5%	14,7 k €	-37.6%	23,5 k €	+15.4%	20,4 k €	-20.0%	25,5 k €
Net result	-291,4 €	+96.6%	-8,6 k €	-208%	8 k €	-24.6%	10,6 k €	-62.9%	28,7 k €	+995%	2,6 k €	-76.1%	11 k €	+7.8%	10,2 k €	+172%	-14,2 k €	-175%	19 k €	+17.9%	16,1 k €	-0.5%	16,2 k €	+16.8%	13,8 k €	+25.3%	11 k €	-37.7%	17,7 k €	+24.0%	14,3 k €	-13.4%	16,5 k €
Balance sheet
Equity	333,4 k €	-6.4%	356,2 k €	-2.4%	364,8 k €	-8.1%	396,9 k €	+2.8%	386,3 k €	+25.1%	308,8 k €	+0.9%	306,2 k €	+3.7%	295,2 k €	+3.6%	285,1 k €	-4.7%	299,2 k €	+6.8%	280,3 k €	+6.1%	264,2 k €	+6.5%	248 k €	+5.9%	234,2 k €	+4.9%	223,2 k €	+8.6%	205,4 k €	+7.5%	191,1 k €
Total assets	362,6 k €	-5.1%	382 k €	-0.6%	384,2 k €	-5.2%	405,2 k €	+1.0%	401,4 k €	+23.0%	326,3 k €	+3.5%	315,2 k €	-15.6%	373,4 k €	+5.4%	354,4 k €	-3.8%	368,5 k €	+4.5%	352,8 k €	+0.3%	351,6 k €	-3.0%	362,3 k €	+3.8%	349 k €	+45.3%	240,1 k €	-6.0%	255,6 k €	+1.1%	252,8 k €
Cash	140,6 k €	-3.2%	145,3 k €	+33.4%	108,9 k €	+9.4%	99,5 k €	-35.8%	155 k €	+34.7%	115,1 k €	+26.9%	90,7 k €	-31.1%	131,6 k €	+44.9%	90,8 k €	-7.4%	98,1 k €	+71.3%	57,2 k €	+43.2%	40 k €	-8.3%	43,6 k €	+481%	7,5 k €	-65.4%	21,7 k €	-17.9%	26,4 k €	+37.4%	19,2 k €
Debts	21 k €	-15.2%	24,8 k €	+34.5%	18,4 k €	+151%	7,3 k €	-45.7%	13,5 k €	-14.1%	15,8 k €	+75.5%	9 k €	-88.5%	78,1 k €	+12.7%	69,3 k €	-0.0%	69,3 k €	-1.6%	70,5 k €	-19.4%	87,4 k €	-22.2%	112,3 k €	-0.1%	112,4 k €	+621%	15,6 k €	-68.0%	48,8 k €	-17.6%	59,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 5 ended

Active mandates

Inge Devos

Director · since 04 décembre 2017

Active

Steven Van Den Bossche

Director · since 04 décembre 2017

Active

Ended mandates

Steven Van Den Bossche

Managing director · since 04 décembre 2017

Ended

FRANCINE HANSON

Director

Ended

GUDRUN VAN DEN BOSSCHE

Director

Ended

JACQUES VAN DEN BOSSCHE

Managing director

Ended

At this address

Other companies at this address

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HDK● Active	0894.443.235
IMMO C.D.● Active	0479.023.612
I & S PROPERTY● Active	0765.464.711
STEVABO● Active	0831.569.221
VSDI● Active	0684.861.669

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/04/2026	10/04/2025	24/04/2024	26/04/2023	29/04/2022	08/04/2021
General meeting	28/03/2026	29/03/2025	30/03/2024	25/03/2023	31/03/2022	27/03/2021
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	30/09/2025	28/03/2026	27/04/2026	Dutch	PDF
Micro model	30/09/2024	29/03/2025	10/04/2025	Dutch	PDF
Micro model	30/09/2023	30/03/2024	24/04/2024	Dutch	PDF
Micro model	30/09/2022	25/03/2023	26/04/2023	Dutch	PDF
Micro model	30/09/2021	31/03/2022	29/04/2022	Dutch	PDF
Micro model	30/09/2020	27/03/2021	08/04/2021	Dutch	PDF
Abridged model	30/09/2019	28/03/2020	31/03/2020	Dutch	PDF
Abridged model	30/09/2018	30/03/2019	25/04/2019	Dutch	PDF
Micro model	30/09/2017	23/11/2017	18/12/2017	Dutch	PDF
Abridged model	30/09/2016	25/03/2017	27/03/2017	Dutch	PDF
Abridged model	30/09/2015	26/03/2016	29/03/2016	Dutch	PDF
Abridged model	30/09/2014	28/03/2015	30/03/2015	Dutch	PDF
Abridged model	30/09/2013	13/03/2014	31/03/2014	Dutch	PDF
Abridged model	30/09/2012	30/03/2013	26/04/2013	Dutch	PDF
Abridged model	30/09/2011	31/03/2012	27/04/2012	Dutch	PDF
Abridged model	30/09/2010	23/11/2010	31/03/2011	Dutch	PDF
Abridged model	30/09/2009	27/03/2010	30/03/2010	Dutch	PDF
Abridged model	30/09/2008	28/03/2009	31/03/2009	Dutch	PDF
Abridged model	30/09/2007	29/03/2008	01/04/2008	Dutch	PDF
Abridged model	30/09/2006	24/03/2007	26/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 30/09/2025 · 2 active · 5 ended

Active mandates

Inge Devos

Director · since 04 décembre 2017

Active

Steven Van Den Bossche

Director · since 04 décembre 2017

Active

Ended mandates

Steven Van Den Bossche

Managing director · since 04 décembre 2017

Ended

FRANCINE HANSON

Director

Ended

GUDRUN VAN DEN BOSSCHE

Director

Ended

JACQUES VAN DEN BOSSCHE

Managing director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/12/2017
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/05/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/05/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/05/2004
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 2025-291,4 €↑
2024
Annual accounts 2024-8,6 k €↓
2023
Annual accounts 20238 k €↓
2022
Annual accounts 202210,6 k €↓
2021
Annual accounts 202128,7 k €↑
2018
Annual accounts 20182,6 k €↓
2017
Annual accounts 201711 k €↑
2016
Annual accounts 201610,2 k €↑
2015
Annual accounts 2015-14,2 k €↓
2014
Annual accounts 201419 k €↑
2013
Annual accounts 201316,1 k €↓
2012
Annual accounts 201216,2 k €↑
2011
Annual accounts 201113,8 k €↑
2010
Annual accounts 201011 k €↓
2009
Annual accounts 200917,7 k €↑
2008
Annual accounts 200814,3 k €↓
2007
Annual accounts 200716,5 k €
21/09/1990
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

VANHA

Overview

What does VANHA do?

Trend over 17 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