ACTIVE

VACHO

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

546,6 k €

+31.0% YoY

Gross margin

1,3 M €

+12.5% YoY

Equity

9,3 M €

+6.3% YoY

What does VACHO do?

VACHO is a Public limited company incorporated in 1992. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.858.709

Incorporation

11/03/1992

Legal form

Public limited company

Registered office

Noorderlaan 660
2030 Antwerpen · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,3 M €	+12.5%	1,2 M €	-1.8%	1,2 M €	-2.2%	1,2 M €	+3.7%	1,2 M €	+60.3%	727,2 k €	+42.1%	511,9 k €	-81.0%	2,7 M €	+12.2%	2,4 M €	+229%	728,8 k €	+2.4%	711,7 k €	+4.3%	682,1 k €	+40.3%	486,1 k €	-10.7%	544,1 k €	-2.9%	560,6 k €	+39.8%	401 k €	+51.1%	265,5 k €	-31.5%	387,3 k €	+70.3%	227,4 k €
EBITDA	1,2 M €	+14.0%	1 M €	-1.5%	1,1 M €	-3.6%	1,1 M €	+3.4%	1,1 M €	+55.8%	684,8 k €	+44.9%	472,8 k €	-82.1%	2,6 M €	+14.2%	2,3 M €	+241%	677,6 k €	+6.3%	637,3 k €	+48.3%	429,8 k €	-3.8%	446,9 k €	-14.5%	523 k €	-1.8%	532,3 k €	+36.1%	391,1 k €	+65.3%	236,7 k €	-33.9%	357,8 k €	+72.2%	207,8 k €
Operating result	800,4 k €	+22.5%	653,3 k €	-2.3%	668,7 k €	-5.7%	709,4 k €	+0.4%	706,2 k €	+53.2%	461,1 k €	+36.9%	336,7 k €	-86.6%	2,5 M €	+15.5%	2,2 M €	+307%	533,2 k €	+8.7%	490,6 k €	+79.6%	273,1 k €	-18.9%	336,9 k €	-15.4%	398,4 k €	-2.3%	407,9 k €	+594%	-82,6 k €	-141%	200,1 k €	-33.8%	302,1 k €	+79.2%	168,6 k €
Net result	546,6 k €	+31.0%	417,2 k €	+1.2%	412,2 k €	-5.0%	433,8 k €	-0.1%	434,1 k €	+29.9%	334,2 k €	+23.5%	270,6 k €	-84.8%	1,8 M €	+25.5%	1,4 M €	+342%	320,7 k €	+9.1%	294 k €	+107%	142,3 k €	-35.6%	220,9 k €	-12.2%	251,6 k €	-15.2%	296,7 k €	+502%	-73,7 k €	-107%	987,9 k €	+323%	233,8 k €	+41.2%	165,6 k €
Balance sheet
Equity	9,3 M €	+6.3%	8,7 M €	+5.0%	8,3 M €	+5.2%	7,9 M €	+5.8%	7,5 M €	+6.2%	7 M €	+7.9%	6,5 M €	+4.3%	6,3 M €	+42.0%	4,4 M €	+47.3%	3 M €	+12.0%	2,7 M €	+12.4%	2,4 M €	+6.4%	2,2 M €	+11.0%	2 M €	+14.3%	1,8 M €	+20.2%	1,5 M €	-4.8%	1,5 M €	+178%	554,1 k €	+73.0%	320,3 k €
Total assets	12,2 M €	-2.8%	12,6 M €	-2.5%	12,9 M €	-2.9%	13,3 M €	+7.3%	12,4 M €	-3.2%	12,8 M €	+65.6%	7,7 M €	+3.5%	7,5 M €	+48.3%	5 M €	+5.3%	4,8 M €	-3.0%	4,9 M €	-4.7%	5,2 M €	+52.6%	3,4 M €	-1.7%	3,4 M €	-4.3%	3,6 M €	-3.3%	3,7 M €	+135%	1,6 M €	+87.7%	842,3 k €	+42.2%	592,3 k €
Cash	31,5 k €	+224%	9,7 k €	-6.1%	10,4 k €	+74.2%	5,9 k €	-63.0%	16,1 k €	+88.1%	8,5 k €	-96.1%	219,3 k €	+175%	79,7 k €	-76.2%	334,8 k €	+5020%	6,5 k €	-58.5%	15,8 k €	-80.4%	80,5 k €	+454%	14,5 k €	-24.2%	19,2 k €	-8.4%	20,9 k €	-40.3%	35,1 k €	-94.7%	662,5 k €	+223%	204,8 k €	+128%	89,9 k €
Debts	2,1 M €	-29.1%	2,9 M €	-19.4%	3,6 M €	-17.3%	4,4 M €	+13.1%	3,9 M €	-18.1%	4,7 M €	+28142%	16,7 k €	+4.9%	16 k €	-43.0%	28 k €	-98.4%	1,7 M €	-21.2%	2,2 M €	-20.5%	2,8 M €	+144%	1,1 M €	-19.6%	1,4 M €	-22.3%	1,8 M €	-18.7%	2,2 M €	+6724%	33 k €	-87.7%	268,7 k €	-1.2%	272 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 16 ended

Active mandates

DELCRINVEST

Managing director · since 18 décembre 2023 · until 01 juin 2029 · 0537.478.780

Represented by Jozef Delcroix

Active

Katleen Delcroix

Managing director · since 18 décembre 2023 · until 01 juin 2029

Active

Philip Delcroix

Managing director · since 18 décembre 2023 · until 01 juin 2029

Active

Ended mandates

DELCRINVEST

Managing director · since 01 juin 2022 · until 01 juin 2028 · 0537.478.780

Represented by Jozef Delcroix

Ended

DELCRINVEST

Managing director · since 01 juin 2022 · until 01 juin 2029 · 0537.478.780

Represented by Jozef Delcroix

Ended

DELCRINVEST

Managing director · since 01 juin 2022 · until 01 juin 2028 · 0537.478.780

Represented by Paula Donckers

Ended

Katleen Delcroix

Managing director · since 01 juin 2016 · until 01 juin 2024

Ended

At this address

Other companies at this address

Company	CBE no.
Ann@Invest● Active	0734.607.328
ANTWERP PORT STORAGE● Active	0461.893.412
Bart@Invest● Active	0734.615.345
Demafin Invest● Active	1002.195.585
IMMOBRIO● Active	0628.639.380
Junima@Invest● Active	0730.962.207
KAPELSE GROND MAATSCHAPPIJ● Active	0896.781.034
Louis@Invest● Active	0734.614.751
MINERVA REAL ESTATE● Active	0877.448.835
MINERVA TRADING● Active	0460.678.635
POLIMMO● Active	1039.992.329
Résidence Urbaine● Active	0404.729.827
Shopping Consult● Active	0794.253.816
TYRETRANS● Active	0460.651.020
ULTRIUM DEVELOPMENT● Active	0635.717.214

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	29/07/2026	29/07/2025	17/07/2024	26/07/2023	09/08/2022	16/07/2021
General meeting	01/06/2026	02/06/2025	01/06/2024	01/06/2023	01/06/2022	01/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	29/07/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	29/07/2025	Dutch	PDF
Abridged model	31/12/2023	01/06/2024	17/07/2024	Dutch	PDF
Abridged model	31/12/2022	01/06/2023	26/07/2023	Dutch	PDF
Abridged model	31/12/2021	01/06/2022	09/08/2022	Dutch	PDF
Abridged model	31/12/2020	01/06/2021	16/07/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	09/07/2020	Dutch	PDF
Abridged model	31/12/2018	01/06/2019	19/07/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	17/07/2018	Dutch	PDF
Abridged model	31/12/2016	01/06/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	01/06/2016	27/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	24/06/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	02/08/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	23/07/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	02/08/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	16/08/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	12/08/2009	Dutch	PDF
Abridged model	30/06/2007	17/12/2007	20/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 3 active · 16 ended

Active mandates

DELCRINVEST

Managing director · since 18 décembre 2023 · until 01 juin 2029 · 0537.478.780

Represented by Jozef Delcroix

Active

Katleen Delcroix

Managing director · since 18 décembre 2023 · until 01 juin 2029

Active

Philip Delcroix

Managing director · since 18 décembre 2023 · until 01 juin 2029

Active

Ended mandates

DELCRINVEST

Managing director · since 01 juin 2022 · until 01 juin 2028 · 0537.478.780

Represented by Jozef Delcroix

Ended

DELCRINVEST

Managing director · since 01 juin 2022 · until 01 juin 2029 · 0537.478.780

Represented by Jozef Delcroix

Ended

DELCRINVEST

Managing director · since 01 juin 2022 · until 01 juin 2028 · 0537.478.780

Represented by Paula Donckers

Ended

Katleen Delcroix

Managing director · since 01 juin 2016 · until 01 juin 2024

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/09/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Registered office31/01/2012
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates31/08/2010
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/06/2008
KAPITAAL - AANDELEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/01/2008
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 2025546,6 k €↑
2024
Annual accounts 2024417,2 k €↑
2023
Annual accounts 2023412,2 k €↓
2022
Annual accounts 2022433,8 k €↓
2021
Annual accounts 2021434,1 k €↑
2020
Annual accounts 2020334,2 k €↑
2019
Annual accounts 2019270,6 k €↓
2018
Annual accounts 20181,8 M €↑
2017
Annual accounts 20171,4 M €↑
2016
Annual accounts 2016320,7 k €↑
2015
Annual accounts 2015294 k €↑
2014
Annual accounts 2014142,3 k €↓
2013
Annual accounts 2013220,9 k €↓
2012
Annual accounts 2012251,6 k €↓
2011
Annual accounts 2011296,7 k €↑
2010
Annual accounts 2010-73,7 k €↓
2009
Annual accounts 2009987,9 k €↑
2008
Annual accounts 2008233,8 k €↑
2007
Annual accounts 2007165,6 k €
11/03/1992
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

VACHO

Overview

What does VACHO do?

Trend over 19 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