ACTIVE

ANDHERS

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Financial year 2025 · Closed on 31/12/2025

Net result34,7 M €+10,0 %over 1 year

Revenue10,1 M €+26,2 %over 1 year

Equity417,4 M €+3,9 %over 1 year

Workforce8,2 ETP-2,4 %over 1 year

Identity

Source · BCE/KBO

ANDHERS is a Public limited company incorporated in 1992. Its main activity is: Activities of holding companies. Its registered office is in Sint-Niklaas. It employs on average 8,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0448.548.388
Incorporation: 04/11/1992
Legal form: Public limited company
Registered office: Industriepark-West 40
9100 Sint-Niklaas · FlandreSee on map
Contributed capital: 60 924 602,14 €
Latest accounts: 31/12/2025
Average workforce: 8,2 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70100Activities of head offices 70100Activities of head offices 74151Specialised design activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 41 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	10,1 M €	+26.2%	8 M €	+21.2%	6,6 M €	-65.3%	19 M €	+11.3%	17,1 M €
EBITDA	508,8 k €	+41.0%	360,8 k €	+68.2%	214,5 k €	-88.2%	1,8 M €	+37.6%	1,3 M €
Operating result	473,8 k €	+52.9%	309,9 k €	+96.7%	157,5 k €	-82.2%	885,4 k €	+54.8%	572 k €
Net result	34,7 M €	+10.0%	31,6 M €	-88.1%	266 M €	+885%	27 M €	+47.8%	18,3 M €
Balance sheet
Equity	417,4 M €	+3.9%	401,7 M €	+3.2%	389,1 M €	+174%	142,1 M €	+6.0%	134,1 M €
Total assets	518,5 M €	+2.7%	505,1 M €	+10.7%	456,5 M €	+132%	196,3 M €	-4.0%	204,4 M €
Cash	6,3 M €	-15.3%	7,4 M €	+12.7%	6,6 M €	-34.3%	10 M €	-78.0%	45,3 M €
Debts	100,9 M €	-2.2%	103,2 M €	+53.6%	67,2 M €	+24.4%	54 M €	-22.9%	70,1 M €
Other
Workforce	8,2 ETP	-2.4%	8,4 ETP	-74.5%	33,0 ETP	-30.2%	47,3 ETP	-1.9%	48,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 9 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
SNOFLA0457.764.180Represented by Jozef DE BACKER	Chairman of the board of directors18/01/2011 → 26/05/2026Managing directoruntil 26/05/2026
Alio Consilio0697.559.860Represented by Michel Vermaerke	Director27/05/2024 → 26/05/2026
P.O. Management0869.932.127	Director25/05/2009 → 26/05/2026
2B-ENERGY0808.341.184Represented by Ronnie BELMANS	Directoruntil 26/05/2026
cp.eu0479.758.040Represented by Geert Pauwels	Directoruntil 26/05/2026
DIHRCONSULT0728.939.063Represented by Steven VAN HOOREBEKE	Directoruntil 26/05/2026
REN(R)EW0874.610.594Represented by Joelle Bragard - De Naeyer	Directoruntil 26/05/2026
S.P.& J.0436.275.217Represented by Jan CALMEYN	Directoruntil 26/05/2026
Ventures@RV0758.558.608Represented by Ruben Verhoeven	Directoruntil 26/05/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
FINMORE0898.974.224Represented by Christine Verhaert	Director27/05/2024 → 2024 accounts
INDUCAP Comm V vertegenwoordigd door de heer Philippe Lambrecht0897.575.246	Director22/03/2012 → 2013 accounts

Other companies at this address

Industriepark-West 40 9100 Sint-Niklaas

Company	CBE no.
Niko● Active	0405.045.670
Niko Belgium● Active	0448.615.694

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	08/06/2026	11/06/2025	13/06/2024	06/06/2023	30/05/2022	23/02/2022
General meeting	26/05/2026	26/05/2025	27/05/2024	30/05/2023	23/05/2022	25/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 41 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/05/2026	08/06/2026	Dutch	PDF
Consolidated accounts	31/12/2025	26/05/2026	08/06/2026	Dutch	PDF
Full model	31/12/2024	26/05/2025	11/06/2025	Dutch	PDF
Consolidated accounts	31/12/2024	26/05/2025	11/06/2025	Dutch	PDF
Full model	31/12/2023	27/05/2024	13/06/2024	Dutch	PDF
Consolidated accounts	31/12/2023	27/05/2024	13/06/2024	Dutch	PDF
Full model	31/12/2022	30/05/2023	06/06/2023	Dutch	PDF
Consolidated accounts	31/12/2022	—	06/06/2023	Dutch	PDF
Full model	31/12/2021	23/05/2022	30/05/2022	Dutch	PDF
Consolidated accounts	31/12/2021	23/05/2022	30/05/2022	Dutch	PDF
Full modelCorrection	31/12/2020	25/05/2021	23/02/2022	Dutch	PDF
Full model	31/12/2020	25/05/2021	16/06/2021	Dutch	PDF
Consolidated accounts	31/12/2020	25/05/2021	16/06/2021	Dutch	PDF
Full model	31/12/2019	25/05/2020	17/06/2020	Dutch	PDF
Consolidated accounts	31/12/2019	25/05/2020	17/06/2020	Dutch	PDF
Full model	31/12/2018	27/05/2019	20/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	01/01/9999	21/06/2019	Dutch	PDF
Full model	31/12/2017	28/05/2018	21/06/2018	Dutch	PDF
Consolidated accounts	31/12/2017	28/05/2018	21/06/2018	Dutch	PDF
Full model	31/12/2016	29/05/2017	15/06/2017	Dutch	PDF
Consolidated accounts	31/12/2016	29/05/2017	21/06/2017	Dutch	PDF
Full model	31/12/2015	23/05/2016	25/05/2016	Dutch	PDF
Consolidated accounts	31/12/2015	23/05/2016	25/05/2016	Dutch	PDF
Full model	31/12/2014	26/05/2015	05/06/2015	Dutch	PDF

View all 41 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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.

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 9 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
SNOFLA0457.764.180Represented by Jozef DE BACKER	Chairman of the board of directors18/01/2011 → 26/05/2026Managing directoruntil 26/05/2026
Alio Consilio0697.559.860Represented by Michel Vermaerke	Director27/05/2024 → 26/05/2026
P.O. Management0869.932.127	Director25/05/2009 → 26/05/2026
2B-ENERGY0808.341.184Represented by Ronnie BELMANS	Directoruntil 26/05/2026
cp.eu0479.758.040Represented by Geert Pauwels	Directoruntil 26/05/2026
DIHRCONSULT0728.939.063Represented by Steven VAN HOOREBEKE	Directoruntil 26/05/2026
REN(R)EW0874.610.594Represented by Joelle Bragard - De Naeyer	Directoruntil 26/05/2026
S.P.& J.0436.275.217Represented by Jan CALMEYN	Directoruntil 26/05/2026
Ventures@RV0758.558.608Represented by Ruben Verhoeven	Directoruntil 26/05/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
FINMORE0898.974.224Represented by Christine Verhaert	Director27/05/2024 → 2024 accounts
INDUCAP Comm V vertegenwoordigd door de heer Philippe Lambrecht0897.575.246	Director22/03/2012 → 2013 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other03/07/2026
—
PDF
Mandates11/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other23/01/2024
DIVERSEN
PDF
Other12/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
PDF
Mandates09/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/10/2023
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

SNOFLA

Alio Consilio

S.P.& J.

cp.eu

DIHRCONSULT

Ventures@RV

2B-ENERGY

P.O. Management

REN(R)EW

FINMORE

INDUCAP Comm V vertegenwoordigd door de heer Philippe Lambrecht

BERGES TRADING & MANAGEMENT

Show the 6 other mandates

19921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

ANDHERSNiko Group NV

Industriepark-West 40, 9100 Sint-Niklaas

Chairman of the board of directorsManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Industriepark-West 40, 9100 Sint-NiklaasCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00158045

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ANDHERSCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00158045
Andhers NV (voorheen Niko Group NV)	accounts 2023	Accounts 2023 · 2024-00131062
Niko Group NV	accounts 2009 → 2022	Accounts 2022 · 2023-00116949

Events

2025
Annual accounts 202534,7 M €↑
26/05/2025
nominationRuben Verhoeven · bestuurder
26/05/2025
nominationGeert Pauwels · bestuurder
2024
Annual accounts 202431,6 M €↓
2024
Name changeANDHERS
20/06/2024
nominationSnofla nv · voorzitter van de raad van bestuur
27/05/2024
nominationAlio Consilio BV · bestuurder
27/05/2024
nominationFinmore BV · bestuurder
2023
Annual accounts 2023266 M €↑
2023
Name changeAndhers NV (voorheen Niko Group NV)
30/05/2023
reconductionSnofla NV · bestuurder
30/05/2023
reconductionVHC3S NV · bestuurder
30/05/2023
reconductionRen(jew BV · bestuurder
30/05/2023
reconductionSP&J NV · bestuurder
30/05/2023
reconductionP.O. Management BV · bestuurder
30/05/2023
reconduction2B-Energy BV · bestuurder
30/05/2023
reconductionDIHRConsult BV · bestuurder
30/05/2023
reconductionEY : Bedrijfs-revisoren BV · commissaris voor verificatie van de geconsolideerde jaarrekening
30/05/2023
apport
2022
Annual accounts 202227 M €↑
2021
Annual accounts 202118,3 M €↑
2020
Annual accounts 202010,7 M €↑
2019
Annual accounts 20197,3 M €↑
2018
Annual accounts 2018-2,9 M €↑
2017
Annual accounts 2017-6,7 M €↓
2016
Annual accounts 20169,5 M €↓
2015
Annual accounts 201512,7 M €↑
2014
Annual accounts 20146,9 M €↑
2013
Annual accounts 20135 M €↑
2012
Annual accounts 2012959,7 k €↓
2011
Annual accounts 201115,4 M €↑
2010
Annual accounts 20101,6 M €↓
2009
Annual accounts 200920,3 M €↑
2008
Annual accounts 2008-2,5 M €
04/11/1992
IncorporationPublic limited company

ANDHERS

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events