ACTIVE

VANGOR

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Financial year 2025 · closed on 30/06/2025

Net result

14 k €

+200.2% YoY

Gross margin

201,4 k €

+23.5% YoY

Equity

1,6 M €

+0.9% YoY

Workforce

1,1 ETP

+10.0% YoY

What does VANGOR do?

VANGOR is a Private company with limited liability incorporated in 1999. Its main activity is: Management consultancy activities. Its registered office is in Kontich. It employs on average 1,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.501.110

Incorporation

09/07/1999

Legal form

Private company with limited liability

Registered office

Groeningenlei 132
2550 Kontich · FlandreSee on map

Contributed capital

325 000,00 €

Latest accounts

30/06/2025

Average workforce

1,1 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 74142Specialised design activities

Joint committees (2)

200
20000

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	201,4 k €	+23.5%	163,1 k €	-7.4%	176,2 k €	-55.9%	399,9 k €	-48.6%	777,9 k €	+335%	178,7 k €	-36.7%	282,4 k €	+20.9%	233,6 k €	-62.9%	628,9 k €	+138%	263,7 k €	-13.4%	304,6 k €	+52.9%	199,2 k €	-15.9%	237 k €	+78.6%	132,7 k €	+81.6%	73,1 k €	+46.3%	49,9 k €	+1054%	-5,2 k €
EBITDA	120,1 k €	+40.4%	85,5 k €	-4.7%	89,7 k €	-50.7%	182,1 k €	-74.8%	722 k €	+331%	167,3 k €	-38.2%	270,8 k €	+22.0%	222 k €	-64.1%	618,4 k €	+147%	250,8 k €	-11.7%	284 k €	+58.0%	179,8 k €	-3.3%	186 k €	+41.2%	131,8 k €	+92.0%	68,6 k €	+45.1%	47,3 k €	+879%	-6,1 k €
Operating result	2,9 k €	+108%	-34,8 k €	+44.4%	-62,5 k €	-1228%	5,5 k €	-99.0%	549,2 k €	+664%	71,9 k €	-59.0%	175,4 k €	+38.6%	126,5 k €	-52.8%	268,3 k €	+70.6%	157,2 k €	-17.5%	190,5 k €	+129%	83,3 k €	-32.5%	123,5 k €	+120%	56,2 k €	+52.3%	36,9 k €	+9.1%	33,9 k €	+305%	-16,5 k €
Net result	14 k €	+200%	-14 k €	+69.5%	-45,8 k €	-474%	12,2 k €	-96.2%	319,6 k €	+7045%	4,5 k €	-97.2%	160,2 k €	+870%	16,5 k €	-98.5%	1,1 M €	+6031%	17,7 k €	+108%	-214,9 k €	-1677%	13,6 k €	-70.7%	46,6 k €	+89.0%	24,6 k €	+45.7%	16,9 k €	-15.7%	20,1 k €	+171%	-28,4 k €
Balance sheet
Equity	1,6 M €	+0.9%	1,6 M €	-0.8%	1,6 M €	-2.7%	1,7 M €	-1.4%	1,7 M €	+22.9%	1,4 M €	+0.3%	1,4 M €	+13.0%	1,2 M €	+1.4%	1,2 M €	-5.5%	1,3 M €	+1.4%	1,3 M €	-14.5%	1,5 M €	-1.6%	1,5 M €	-0.1%	1,5 M €	+1.7%	1,5 M €	+1.2%	1,5 M €	+1.4%	1,4 M €
Total assets	2,7 M €	-2.6%	2,7 M €	-6.2%	2,9 M €	-8.5%	3,2 M €	-26.8%	4,3 M €	+10.4%	3,9 M €	+2.7%	3,8 M €	-3.5%	4 M €	-2.9%	4,1 M €	+2.1%	4 M €	-2.9%	4,1 M €	+8.3%	3,8 M €	-4.9%	4 M €	+48.6%	2,7 M €	-6.6%	2,9 M €	+27.3%	2,3 M €	+5.3%	2,1 M €
Cash	14,4 k €	+245%	4,2 k €	-14.3%	4,9 k €	-42.8%	8,5 k €	-87.2%	66,5 k €	+517%	10,8 k €	-27.4%	14,8 k €	-56.7%	34,3 k €	+34387%	99,3 €	-99.0%	10,2 k €	+452%	1,9 k €	-9.5%	2 k €	+179%	735,2 €	+303%	182,2 €	-68.3%	574,4 €	-26.3%	779,2 €	-67.0%	2,4 k €
Debts	854,3 k €	-9.6%	945,5 k €	-14.1%	1,1 M €	-16.8%	1,3 M €	-44.2%	2,4 M €	-5.7%	2,5 M €	+4.1%	2,4 M €	-10.9%	2,7 M €	+1.9%	2,7 M €	-1.7%	2,7 M €	-4.2%	2,8 M €	+25.8%	2,2 M €	-1.4%	2,3 M €	+93.4%	1,2 M €	+6.0%	1,1 M €	+40.3%	791,4 k €	+13.3%	698,3 k €
Other
Workforce	1,1 ETP	+10.0%	1,0 ETP	-50.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 10 ended

Active mandates

Patrick Spaas

Director · since 01 mars 2024

Active

Robert GORLE

Director · since 10 décembre 2012

Active

Maria VAN DEN HOLE

Director · since 09 juillet 1999

Active

Ended mandates

Patrick Spaas

Director · since 20 novembre 2020 · until 01 mars 2023

Ended

Patrick SPAAS

Director · since 20 novembre 2020 · until 03 mars 2023

Ended

Robert GORLE

Director · since 09 juillet 1999

Ended

Maria Van den hole

Manager · since 30 juin 1999 · until 01 mars 1900

Ended

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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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/01/2026	31/01/2025	31/01/2024	30/01/2023	27/01/2022	29/01/2021
General meeting	30/12/2025	31/12/2024	31/12/2023	30/12/2022	30/12/2021	30/12/2020
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
Abridged model	30/06/2025	30/12/2025	30/01/2026	Dutch	PDF
Abridged model	30/06/2024	31/12/2024	31/01/2025	Dutch	PDF
Abridged model	30/06/2023	31/12/2023	31/01/2024	Dutch	PDF
Abridged model	30/06/2022	30/12/2022	30/01/2023	Dutch	PDF
Abridged model	30/06/2021	30/12/2021	27/01/2022	Dutch	PDF
Abridged model	30/06/2020	30/12/2020	29/01/2021	Dutch	PDF
Abridged model	30/06/2019	31/12/2019	30/01/2020	Dutch	PDF
Abridged model	30/06/2018	27/12/2018	25/01/2019	Dutch	PDF
Abridged model	30/06/2017	29/12/2017	29/01/2018	Dutch	PDF
Abridged model	30/06/2016	20/12/2016	20/01/2017	Dutch	PDF
Abridged model	30/06/2015	18/12/2015	19/01/2016	Dutch	PDF
Abridged model	30/06/2014	23/12/2014	16/01/2015	Dutch	PDF
Abridged model	30/06/2013	24/12/2013	23/01/2014	Dutch	PDF
Abridged model	30/06/2012	07/12/2012	03/01/2013	Dutch	PDF
Abridged model	30/06/2011	30/12/2011	30/01/2012	Dutch	PDF
Abridged model	30/06/2010	21/02/2011	23/02/2011	Dutch	PDF
Abridged model	30/06/2009	04/12/2009	19/02/2010	Dutch	PDF
Abridged model	30/06/2008	23/12/2008	16/01/2009	Dutch	PDF
Abridged model	30/06/2007	07/12/2007	18/12/2007	Dutch	PDF
Abridged model	30/06/2006	22/12/2006	15/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 30/06/2025 · 3 active · 10 ended

Active mandates

Patrick Spaas

Director · since 01 mars 2024

Active

Robert GORLE

Director · since 10 décembre 2012

Active

Maria VAN DEN HOLE

Director · since 09 juillet 1999

Active

Ended mandates

Patrick Spaas

Director · since 20 novembre 2020 · until 01 mars 2023

Ended

Patrick SPAAS

Director · since 20 novembre 2020 · until 03 mars 2023

Ended

Robert GORLE

Director · since 09 juillet 1999

Ended

Maria Van den hole

Manager · since 30 juin 1999 · until 01 mars 1900

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares14/04/2015
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring24/12/2012
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring23/10/2012
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other06/08/2010
DIVERSEN
PDF
Registered office02/10/2008
MAATSCHAPPELIJKE ZETEL
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 202514 k €↑
2024
Annual accounts 2024-14 k €↑
2023
Annual accounts 2023-45,8 k €↓
2022
Annual accounts 202212,2 k €↓
2019
Annual accounts 2019319,6 k €↑
2018
Annual accounts 20184,5 k €↓
2017
Annual accounts 2017160,2 k €↑
2016
Annual accounts 201616,5 k €↓
2015
Annual accounts 20151,1 M €↑
2014
Annual accounts 201417,7 k €↑
2013
Annual accounts 2013-214,9 k €↓
2012
Annual accounts 201213,6 k €↓
2011
Annual accounts 201146,6 k €↑
2010
Annual accounts 201024,6 k €↑
2009
Annual accounts 200916,9 k €↓
2008
Annual accounts 200820,1 k €↑
2007
Annual accounts 2007-28,4 k €
09/07/1999
IncorporationPrivate company with limited liability

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

VANGOR

Overview

What does VANGOR do?

Trend over 17 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