ACTIVE

VANBACO

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Financial year 2025 · closed on 30/12/2025

Net result

2,4 k €

-15.1% YoY

Gross margin

67,8 k €

+2.7% YoY

Equity

342,6 k €

+0.7% YoY

What does VANBACO do?

VANBACO is a Public limited company incorporated in 1991. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Tienen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.316.427

Incorporation

12/02/1991

Legal form

Public limited company

Registered office

Beauduinstraat 7
3300 Tienen · FlandreSee on map

Contributed capital

298 000,00 €

Latest accounts

30/12/2025

Activities (NACE)

74855Other professional, scientific and technical activities· main 82100Office administrative and support activities 82110Combined office administrative service activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityHealthy 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	67,8 k €	+2.7%	66 k €	-6.8%	70,8 k €	+4.0%	68,1 k €	+97.2%	34,5 k €	-23.0%	44,9 k €	-27.4%	61,8 k €	+1.4%	60,9 k €	-4.9%	64,1 k €	+8.4%	59,1 k €	+46.1%	40,5 k €	+16.6%	34,7 k €	-1.6%	35,3 k €	-0.7%	35,5 k €	+18.9%	29,9 k €	-48.8%	58,4 k €	+59.6%	36,6 k €	-9.0%	40,2 k €	+9.1%	36,9 k €	-12.9%	42,4 k €
EBITDA	-4,3 k €	-106%	-2,1 k €	-153%	3,9 k €	+509%	645 €	-83.9%	4 k €	-32.5%	6 k €	+98.4%	3 k €	-42.6%	5,2 k €	-55.2%	11,7 k €	+75.7%	6,7 k €	+1664%	377 €	-93.7%	6 k €	-8.5%	6,5 k €	-2.0%	6,6 k €	-19.4%	8,2 k €	-36.7%	13 k €	+238%	-9,4 k €	-460%	-1,7 k €	-110%	16,7 k €	+578%	2,5 k €
Operating result	-915,6 €	+71.6%	-3,2 k €	-245%	2,2 k €	+310%	-1,1 k €	-139%	2,7 k €	-49.8%	5,4 k €	+121%	2,4 k €	-47.8%	4,7 k €	-58.0%	11,1 k €	+119%	5,1 k €	+171%	-7,2 k €	-349%	-1,6 k €	-70.9%	-934 €	-16.9%	-799 €	-200%	799 €	-85.7%	5,6 k €	+133%	-16,8 k €	-84.8%	-9,1 k €	-199%	9,2 k €	+275%	-5,3 k €
Net result	2,4 k €	-15.1%	2,9 k €	-54.2%	6,3 k €	+678%	-1,1 k €	-140%	2,7 k €	-50.0%	5,4 k €	+122%	2,4 k €	-47.4%	4,6 k €	-58.4%	11,1 k €	+116%	5,1 k €	+169%	-7,4 k €	-467%	-1,3 k €	-480%	-226 €	-133%	678 €	-71.5%	2,4 k €	-67.2%	7,2 k €	+154%	-13,5 k €	-137%	-5,7 k €	-127%	21,4 k €	+1042%	-2,3 k €
Balance sheet
Equity	342,6 k €	+0.7%	340,2 k €	+0.9%	337,3 k €	+1.9%	331 k €	-0.3%	332,1 k €	+0.8%	329,4 k €	+1.7%	324,1 k €	+0.8%	321,6 k €	+1.5%	317 k €	+3.6%	305,9 k €	+1.7%	300,8 k €	-2.4%	308,2 k €	-0.4%	309,6 k €	-0.1%	309,8 k €	+0.2%	309,1 k €	+0.8%	306,7 k €	+2.4%	299,5 k €	-4.3%	312,9 k €	-1.8%	318,6 k €	+7.2%	297,2 k €
Total assets	348,2 k €	-1.3%	352,8 k €	+0.0%	352,7 k €	+1.9%	346,1 k €	+2.5%	337,7 k €	+0.8%	335,1 k €	-0.4%	336,5 k €	+1.2%	332,7 k €	+2.3%	325 k €	+2.1%	318,2 k €	+1.7%	312,9 k €	-1.0%	316,1 k €	+0.9%	313,1 k €	-6.7%	335,7 k €	-2.5%	344,1 k €	+7.5%	320 k €	+4.7%	305,6 k €	-5.4%	323 k €	-0.4%	324,2 k €	+3.8%	312,5 k €
Cash	267,4 k €	+11.3%	240,3 k €	+3.0%	233,4 k €	+101%	116,1 k €	+15.4%	100,6 k €	+11.9%	89,9 k €	+12.8%	79,7 k €	+15.4%	69 k €	+67.7%	41,2 k €	+45.8%	28,2 k €	+75.7%	16,1 k €	-65.4%	46,4 k €	+153%	18,3 k €	-59.7%	45,5 k €	-6.5%	48,7 k €	+163%	18,5 k €	-4.5%	19,4 k €	+89.4%	10,2 k €	-45.3%	18,7 k €	+16.6%	16,1 k €
Debts	5,6 k €	-37.3%	8,9 k €	-28.7%	12,4 k €	-3.0%	12,8 k €	+215%	4,1 k €	-18.1%	5 k €	-29.1%	7 k €	-36.7%	11 k €	+38.0%	8 k €	-34.7%	12,2 k €	+1.5%	12,1 k €	+54.3%	7,8 k €	+118%	3,6 k €	-86.1%	25,9 k €	-25.3%	34,7 k €	+162%	13,2 k €	+118%	6,1 k €	-39.5%	10 k €	+78.9%	5,6 k €	+6.1%	5,3 k €
Other
Workforce	–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

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 30/12/2025 · 1 active · 14 ended

Active mandates

Bert Vanbaelen

Director

Active

Ended mandates

Bert Vanbaelen

Managing director · since 25 avril 2017 · until 25 avril 2023

Ended

Karin Vanbaelen

Chairman of the board of directors · since 25 avril 2017 · until 25 avril 2023

Ended

Willy Vanbaelen

Director · since 25 avril 2017 · until 25 avril 2023

Ended

Willy Vanbaelen

Director · since 05 octobre 2014 · until 25 avril 2017

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	Abridged model
Start of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Closing of the financial year	30/12/2025	30/12/2024	30/12/2023	30/12/2022	30/12/2021	30/12/2020
Length of the financial year	13 months	13 months	13 months	13 months	13 months	13 months
Filing date	30/04/2026	04/05/2025	06/07/2024	03/06/2023	09/07/2022	29/05/2021
General meeting	28/04/2026	29/04/2025	30/04/2024	25/04/2023	26/04/2022	27/04/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/12/2025	28/04/2026	30/04/2026	Dutch	PDF
Micro model	30/12/2024	29/04/2025	04/05/2025	Dutch	PDF
Micro model	30/12/2023	30/04/2024	06/07/2024	Dutch	PDF
Micro model	30/12/2022	25/04/2023	03/06/2023	Dutch	PDF
Micro model	30/12/2021	26/04/2022	09/07/2022	Dutch	PDF
Abridged model	30/12/2020	27/04/2021	29/05/2021	Dutch	PDF
Abridged model	30/12/2019	18/09/2020	24/09/2020	Dutch	PDF
Abridged model	30/12/2018	30/04/2019	06/07/2019	Dutch	PDF
Abridged model	30/12/2017	24/04/2018	07/07/2018	Dutch	PDF
Abridged model	30/12/2016	25/04/2017	20/05/2017	Dutch	PDF
Abridged model	30/12/2015	26/04/2016	04/06/2016	Dutch	PDF
Abridged model	30/12/2014	28/04/2015	09/05/2015	Dutch	PDF
Abridged model	30/12/2013	29/04/2014	22/05/2014	Dutch	PDF
Abridged model	30/12/2012	30/04/2013	01/06/2013	Dutch	PDF
Abridged model	30/12/2011	24/04/2012	16/06/2012	Dutch	PDF
Abridged model	30/12/2010	30/05/2011	27/07/2011	Dutch	PDF
Abridged model	30/12/2009	31/05/2010	26/07/2010	Dutch	PDF
Abridged model	30/12/2008	25/05/2009	24/07/2009	Dutch	PDF
Abridged model	30/12/2007	26/05/2008	19/07/2008	Dutch	PDF
Abridged model	30/12/2006	28/05/2007	29/06/2007	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 30/12/2025 · 1 active · 14 ended

Active mandates

Bert Vanbaelen

Director

Active

Ended mandates

Bert Vanbaelen

Managing director · since 25 avril 2017 · until 25 avril 2023

Ended

Karin Vanbaelen

Chairman of the board of directors · since 25 avril 2017 · until 25 avril 2023

Ended

Willy Vanbaelen

Director · since 25 avril 2017 · until 25 avril 2023

Ended

Willy Vanbaelen

Director · since 05 octobre 2014 · until 25 avril 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/03/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares23/01/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/12/2003
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 20252,4 k €↓
2024
Annual accounts 20242,9 k €↓
2023
Annual accounts 20236,3 k €↑
2022
Annual accounts 2022-1,1 k €↓
2021
Annual accounts 20212,7 k €↓
2020
Annual accounts 20205,4 k €↑
2019
Annual accounts 20192,4 k €↓
2018
Annual accounts 20184,6 k €↓
2017
Annual accounts 201711,1 k €↑
2016
Annual accounts 20165,1 k €↑
2015
Annual accounts 2015-7,4 k €↓
2014
Annual accounts 2014-1,3 k €↓
2013
Annual accounts 2013-226 €↓
2012
Annual accounts 2012678 €↓
2011
Annual accounts 20112,4 k €↓
2010
Annual accounts 20107,2 k €↑
2009
Annual accounts 2009-13,5 k €↓
2008
Annual accounts 2008-5,7 k €↓
2007
Annual accounts 200721,4 k €↑
2006
Annual accounts 2006-2,3 k €
12/02/1991
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

VANBACO

Overview

What does VANBACO 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