VEHO
0448.186.916 · rovalta.com · 23/09/2026
ACTIVE
VEHO
Financial year 2025 · closed on 30/09/2025
Net result
24,8 M €
+892.9% YoY
Gross margin
333 k €
+11.5% YoY
Equity
108,8 M €
+29.5% YoY
Overview
What does VEHO do?
VEHO is a Public limited company incorporated in 1992. Its main activity is: Management consultancy activities. Its registered office is in Izegem.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0448.186.916
Incorporation
08/09/1992
Legal form
Public limited company
Registered office
Baronielaan 5
8870 Izegem · FlandreSee on map
8870 Izegem · FlandreSee on map
Contributed capital
1 195 000,00 €
Latest accounts
30/09/2025
Activities (NACE)
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 333 k € | +11.5% | 298,5 k € | -23.1% | 388 k € | -1.7% | 394,5 k € | -15.7% | 467,8 k € | +84.8% | 253,2 k € | +14.3% | 221,4 k € | -31.8% | 324,7 k € | – | – | 954,7 k € | +35.4% | 704,9 k € | +19.7% | 588,7 k € | +178% | 212,1 k € | -80.8% | 1,1 M € | +28.2% | 863,9 k € | -22.8% | 1,1 M € | +330% | 260,1 k € | |||
| EBITDA | 278,2 k € | +194% | 94,6 k € | -74.3% | 367,7 k € | +8.4% | 339,1 k € | -24.4% | 448,5 k € | +173% | 164,4 k € | -16.7% | 197,5 k € | -32.8% | 294 k € | -63.0% | 793,9 k € | +22.1% | 650,1 k € | -30.1% | 930 k € | +37.0% | 678,9 k € | +19.4% | 568,6 k € | +196% | 192,2 k € | -82.4% | 1,1 M € | +28.5% | 848 k € | -23.7% | 1,1 M € | +345% | 249,6 k € |
| Operating result | 91,5 k € | +189% | -102,9 k € | -177% | 133 k € | +18.3% | 112,4 k € | -64.7% | 318,6 k € | +156% | -567,2 k € | -4188% | -13,2 k € | -147% | 28,1 k € | -93.5% | 432 k € | +12.8% | 382,9 k € | -41.6% | 656 k € | +63.6% | 401,1 k € | +39.7% | 287,1 k € | +1735% | -17,6 k € | -102% | 905,1 k € | +37.6% | 657,9 k € | -1.5% | 667,6 k € | +320% | 159,1 k € |
| Net result | 24,8 M € | +893% | 2,5 M € | +76.4% | 1,4 M € | -70.2% | 4,8 M € | +868% | 490,9 k € | +289% | 126,3 k € | -93.1% | 1,8 M € | +158% | 706,2 k € | -92.7% | 9,7 M € | +517% | 1,6 M € | -56.9% | 3,7 M € | +162% | 1,4 M € | +88.5% | 740 k € | -98.5% | 50,8 M € | +10088% | 498,3 k € | +55.4% | 320,7 k € | -16.0% | 381,9 k € | +543% | 59,4 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 108,8 M € | +29.5% | 84 M € | +3.1% | 81,5 M € | +1.8% | 80 M € | +6.3% | 75,3 M € | +2.1% | 73,8 M € | +0.2% | 73,6 M € | +2.5% | 71,8 M € | +1.0% | 71,1 M € | +15.9% | 61,4 M € | +2.6% | 59,8 M € | +6.5% | 56,1 M € | +2.5% | 54,7 M € | +1.4% | 54 M € | +1568% | 3,2 M € | +18.2% | 2,7 M € | +13.3% | 2,4 M € | +18.8% | 2 M € |
| Total assets | 114,9 M € | +26.9% | 90,6 M € | +3.8% | 87,3 M € | +1.0% | 86,4 M € | +8.6% | 79,6 M € | +2.3% | 77,7 M € | -3.3% | 80,4 M € | -2.1% | 82,1 M € | -0.0% | 82,2 M € | +13.2% | 72,6 M € | +2.2% | 71,1 M € | +4.5% | 68 M € | +19.8% | 56,8 M € | -1.0% | 57,4 M € | +781% | 6,5 M € | +21.9% | 5,3 M € | +2.6% | 5,2 M € | +52.3% | 3,4 M € |
| Cash | 844 k € | +201% | 280,4 k € | -90.9% | 3,1 M € | +38.2% | 2,2 M € | -13.5% | 2,6 M € | -72.2% | 9,3 M € | -25.9% | 12,5 M € | +6.5% | 11,7 M € | -40.8% | 19,8 M € | -13.5% | 22,9 M € | -22.5% | 29,6 M € | -20.9% | 37,4 M € | +56.1% | 23,9 M € | -47.7% | 45,8 M € | +5922% | 759,9 k € | +10930% | 6,9 k € | -90.6% | 73,3 k € | -79.0% | 349,2 k € |
| Debts | 6,2 M € | -4.2% | 6,4 M € | +10.9% | 5,8 M € | -6.1% | 6,2 M € | +46.6% | 4,2 M € | +13.4% | 3,7 M € | -42.6% | 6,5 M € | -37.5% | 10,3 M € | -6.7% | 11,1 M € | -1.6% | 11,3 M € | -0.2% | 11,3 M € | -5.1% | 11,9 M € | +494% | 2 M € | -40.3% | 3,4 M € | +2.4% | 3,3 M € | +25.9% | 2,6 M € | -5.9% | 2,8 M € | +100.0% | 1,4 M € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | – | 0,0 ETP | 0,0 ETP | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | |||||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 25 M€ and 50 M€
See the valuationGovernance
Board of directors
Seen on filing of 30/09/2025 · 4 active · 16 ended
Active mandates
Hendrik Van Eeckhout
ActiveKarel Van Eeckhout
ActiveChristine Vanden Avenne
ActivePhiliep Van Eeckhout
ActiveEnded mandates
Christine Vanden Avenne
EndedPhiliep Van Eeckhout
EndedChristine (2007) Vanden Avenne
EndedChristine Vanden Avenne
EndedAt this address
Other companies at this address
Financials
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 | 01/10/2024 | 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 | 23/04/2026 | 04/04/2025 | 18/03/2024 | 23/04/2023 | 06/04/2022 | 30/04/2021 |
| General meeting | 04/02/2026 | 05/02/2025 | 07/02/2024 | 01/02/2023 | 02/02/2022 | 03/02/2021 |
| 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 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 30/09/2025 | 04/02/2026 | 23/04/2026 | Dutch | |
| Abridged model | 30/09/2024 | 05/02/2025 | 04/04/2025 | Dutch | |
| Abridged model | 30/09/2023 | 07/02/2024 | 18/03/2024 | Dutch | |
| Abridged model | 30/09/2022 | 01/02/2023 | 23/04/2023 | Dutch | |
| Abridged model | 30/09/2021 | 02/02/2022 | 06/04/2022 | Dutch | |
| Abridged model | 30/09/2020 | 03/02/2021 | 30/04/2021 | Dutch | |
| Abridged model | 30/09/2019 | 05/02/2020 | 30/04/2020 | Dutch | |
| Abridged model | 30/09/2018 | 06/02/2019 | 29/03/2019 | Dutch | |
| Abridged model | 30/09/2017 | 07/02/2018 | 03/04/2018 | Dutch | |
| Full model | 30/09/2016 | 01/02/2017 | 31/03/2017 | Dutch | |
| Full model | 30/09/2015 | 03/02/2016 | 30/03/2016 | Dutch | |
| Abridged model | 30/09/2014 | 04/02/2015 | 21/04/2015 | Dutch | |
| Abridged model | 30/09/2013 | 05/02/2014 | 30/04/2014 | Dutch | |
| Abridged model | 30/09/2012 | 06/02/2013 | 26/04/2013 | Dutch | |
| Abridged model | 30/09/2011 | 01/02/2012 | 27/04/2012 | Dutch | |
| Abridged model | 30/09/2010 | 02/02/2011 | 27/04/2011 | Dutch | |
| Abridged model | 30/09/2009 | 03/02/2010 | 06/04/2010 | Dutch | |
| Abridged model | 30/09/2008 | 04/02/2009 | 30/03/2009 | Dutch | |
| Abridged model | 30/09/2007 | 06/02/2008 | 31/03/2008 | Dutch | |
| Abridged model | 30/09/2006 | 07/02/2007 | 28/03/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 25 M€ and 50 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/09/2025 · 4 active · 16 ended
Active mandates
Hendrik Van Eeckhout
ActiveKarel Van Eeckhout
ActiveChristine Vanden Avenne
ActivePhiliep Van Eeckhout
ActiveEnded mandates
Christine Vanden Avenne
EndedPhiliep Van Eeckhout
EndedChristine (2007) Vanden Avenne
EndedChristine Vanden Avenne
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates26/08/2025ONTSLAGEN - BENOEMINGEN
- Mandates29/04/2025ONTSLAGEN - BENOEMINGEN
- Other12/01/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates24/04/2019ONTSLAGEN - BENOEMINGEN
- Mandates14/05/2013ONTSLAGEN - BENOEMINGEN
- Mandates18/01/2012STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
- Mandates12/03/2007ONTSLAGEN - BENOEMINGEN
- Other22/06/2006DOEL
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202524,8 M €↑
- 17/07/2025nominationHendrik Van Eeckhout — niet-statutaire bestuurder
- 17/07/2025nominationKarel Van Eeckhout — niet-statutaire bestuurder
- 05/02/2025reconductionVanden Avenne Christine — bestuurder
- 05/02/2025reconductionVan Eeckhout Philiep — bestuurder
- 05/02/2025nominationPhiliep Van Eeckhout — gedelegeerd bestuurder
- 2024Annual accounts 20242,5 M €↑
- 2023Annual accounts 20231,4 M €↓
- 2022Annual accounts 20224,8 M €↑
- 2021Annual accounts 2021490,9 k €↑
- 2019Annual accounts 2019126,3 k €↓
- 2018Annual accounts 20181,8 M €↑
- 2017Annual accounts 2017706,2 k €↓
- 2016Annual accounts 20169,7 M €↑
- 2015Annual accounts 20151,6 M €↓
- 2014Annual accounts 20143,7 M €↑
- 2013Annual accounts 20131,4 M €↑
- 2012Annual accounts 2012740 k €↓
- 2011Annual accounts 201150,8 M €↑
- 2010Annual accounts 2010498,3 k €↑
- 2009Annual accounts 2009320,7 k €↓
- 2008Annual accounts 2008381,9 k €↑
- 2007Annual accounts 200759,4 k €
- 08/09/1992IncorporationPublic limited company