ACTIVE

Malvan

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Financial year 2025 · closed on 31/12/2025

Net result

23,4 k €

+11.9% YoY

Gross margin

67,5 k €

-16.8% YoY

Equity

144,9 k €

+10.7% YoY

What does Malvan do?

Malvan is a Private limited company incorporated in 1997. Its main activity is: Management consultancy activities. Its registered office is in Heuvelland.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.574.212

Incorporation

28/04/1997

Legal form

Private limited company

Registered office

Schoolstraat(Wijtsch) 36
8953 Heuvelland · FlandreSee on map

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 01300Plant propagation 01500Mixed farming 01500Mixed farming+3

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	67,5 k €	-16.8%	81,2 k €	-34.7%	124,3 k €	+201%	41,3 k €	+19.5%	34,6 k €	-11.4%	39 k €	-27.9%	54,1 k €	+15.0%	47,1 k €	+6.3%	44,3 k €	+18.1%	37,5 k €	-12.3%	42,8 k €	+29.7%	33 k €	+4.0%	31,7 k €	-5.0%	33,4 k €	-7.2%	36 k €	+23.9%	29 k €	-9.1%	32 k €	+5.9%	30,2 k €	+4.4%	28,9 k €	-2.9%	29,8 k €
EBITDA	63 k €	+29.8%	48,5 k €	-60.0%	121,2 k €	+220%	37,9 k €	+20.0%	31,6 k €	-12.8%	36,2 k €	-29.4%	51,3 k €	+15.8%	44,3 k €	+5.5%	42 k €	+18.6%	35,4 k €	-12.3%	40,4 k €	+30.7%	30,9 k €	+4.8%	29,4 k €	-3.7%	30,6 k €	-6.9%	32,9 k €	+20.9%	27,2 k €	-9.1%	29,9 k €	+6.3%	28,1 k €	+3.0%	27,3 k €	-3.2%	28,2 k €
Operating result	43,7 k €	+25.3%	34,9 k €	-67.3%	106,6 k €	+439%	19,8 k €	+38.0%	14,3 k €	-34.4%	21,9 k €	-34.9%	33,6 k €	-2.4%	34,4 k €	+2.5%	33,6 k €	+60.4%	20,9 k €	-1.0%	21,1 k €	+82.1%	11,6 k €	+16.9%	9,9 k €	-10.9%	11,1 k €	-19.4%	13,8 k €	+41.3%	9,8 k €	-39.2%	16,1 k €	+12.3%	14,3 k €	+34.4%	10,6 k €	+60.3%	6,6 k €
Net result	23,4 k €	+11.9%	20,9 k €	-71.8%	74,1 k €	+479%	12,8 k €	+40.4%	9,1 k €	-27.6%	12,6 k €	-22.9%	16,3 k €	+2.2%	16 k €	+7.8%	14,8 k €	+59.0%	9,3 k €	-3.1%	9,6 k €	+457%	1,7 k €	+5724%	29,7 €	-91.2%	336,6 €	-91.0%	3,7 k €	+737%	-585,9 €	-113%	4,5 k €	+16.5%	3,8 k €	+999%	348,8 €	+138%	-919,9 €
Balance sheet
Equity	144,9 k €	+10.7%	130,9 k €	-21.7%	167,2 k €	+34.9%	123,9 k €	+3.8%	119,4 k €	+8.3%	110,3 k €	+9.3%	100,9 k €	+19.3%	84,6 k €	+23.3%	68,6 k €	+27.5%	53,8 k €	+20.9%	44,5 k €	+27.6%	34,9 k €	+5.2%	33,1 k €	+0.1%	33,1 k €	+1.0%	32,8 k €	+12.9%	29 k €	-2.0%	29,6 k €	+17.8%	25,2 k €	+18.0%	21,3 k €	+1.7%	21 k €
Total assets	418 k €	-8.5%	456,8 k €	+58.4%	288,4 k €	+46.1%	197,4 k €	+6.4%	185,6 k €	-3.6%	192,6 k €	+5.1%	183,2 k €	-7.0%	197 k €	+7.3%	183,5 k €	+7.3%	171 k €	-6.1%	182,1 k €	-5.6%	192,9 k €	-6.3%	205,8 k €	-5.5%	217,7 k €	-6.9%	233,8 k €	+1.2%	231 k €	+6.3%	217,4 k €	+0.7%	215,9 k €	-2.8%	222,1 k €	-5.6%	235,3 k €
Cash	19,3 k €	-69.6%	63,7 k €	-55.1%	141,8 k €	+94.1%	73 k €	+1570%	4,4 k €	-33.2%	6,6 k €	+345%	1,5 k €	-83.4%	8,9 k €	+219%	2,8 k €	+112%	1,3 k €	-82.9%	7,7 k €	+32.2%	5,8 k €	+52.5%	3,8 k €	+2.9%	3,7 k €	-53.4%	7,9 k €	+46.3%	5,4 k €		–		8,8 k €	+64.6%	5,3 k €	-45.2%	9,7 k €
Debts	273,1 k €	-16.2%	325,9 k €	+169%	121,2 k €	+240%	35,6 k €	-43.6%	63,1 k €	-17.3%	76,4 k €	-2.4%	78,2 k €	-27.3%	107,6 k €	-2.0%	109,7 k €	+1.5%	108,1 k €	-15.4%	127,7 k €	-8.9%	140,2 k €	-12.2%	159,7 k €	-9.7%	176,7 k €	-8.5%	193,1 k €	-2.5%	198 k €	+7.5%	184,3 k €	-1.9%	187,8 k €	-4.7%	197,1 k €	-7.2%	212,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Jean-Francois Vanhove

Director

Active

Kathy Malengier

Director

Active

Ended mandates

Jean-François VANHOVE

Director · since 22 avril 1997

Ended

Jean-François VANHOVE

Manager · since 22 avril 1997

Ended

Kathy MALENGIER

Director · since 22 avril 1997

Ended

Kathy MALENGIER

Manager · since 22 avril 1997

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	Micro 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	31/08/2026	28/08/2025	21/06/2024	12/07/2023	30/08/2022	27/08/2021
General meeting	06/06/2026	07/06/2025	15/03/2024	03/06/2023	30/06/2022	05/06/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	06/06/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	07/06/2025	28/08/2025	Dutch	PDF
Micro model	31/12/2023	15/03/2024	21/06/2024	Dutch	PDF
Micro model	31/12/2022	03/06/2023	12/07/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	30/08/2022	Dutch	PDF
Micro model	31/12/2020	05/06/2021	27/08/2021	Dutch	PDF
Micro model	31/12/2019	06/06/2020	31/08/2020	Dutch	PDF
Micro model	31/12/2018	01/06/2019	30/08/2019	Dutch	PDF
Micro model	31/12/2017	02/06/2018	30/08/2018	Dutch	PDF
Micro model	31/12/2016	03/06/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/08/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	01/08/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	01/08/2013	31/08/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	27/07/2012	Dutch	PDF
Abridged model	31/12/2010	04/06/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	07/08/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	01/08/2009	25/08/2009	Dutch	PDF
Abridged model	31/12/2007	14/08/2008	25/08/2008	Dutch	PDF
Abridged model	31/12/2006	28/07/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2025 · 2 active · 6 ended

Active mandates

Jean-Francois Vanhove

Director

Active

Kathy Malengier

Director

Active

Ended mandates

Jean-François VANHOVE

Director · since 22 avril 1997

Ended

Jean-François VANHOVE

Manager · since 22 avril 1997

Ended

Kathy MALENGIER

Director · since 22 avril 1997

Ended

Kathy MALENGIER

Manager · since 22 avril 1997

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/06/2024
DOEL, ONTSLAGEN, BENOEMINGEN, STATUTEN (VERTALING,
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 202523,4 k €↑
2024
Annual accounts 202420,9 k €↓
2023
Annual accounts 202374,1 k €↑
2022
Annual accounts 202212,8 k €↑
2021
Annual accounts 20219,1 k €↓
2020
Annual accounts 202012,6 k €↓
2019
Annual accounts 201916,3 k €↑
2018
Annual accounts 201816 k €↑
2017
Annual accounts 201714,8 k €↑
2016
Annual accounts 20169,3 k €↓
2015
Annual accounts 20159,6 k €↑
2014
Annual accounts 20141,7 k €↑
2013
Annual accounts 201329,7 €↓
2012
Annual accounts 2012336,6 €↓
2011
Annual accounts 20113,7 k €↑
2010
Annual accounts 2010-585,9 €↓
2009
Annual accounts 20094,5 k €↑
2008
Annual accounts 20083,8 k €↑
2007
Annual accounts 2007348,8 €↑
2006
Annual accounts 2006-919,9 €
28/04/1997
IncorporationPrivate 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

Malvan

Overview

What does Malvan 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