ACTIVE

VITHECO

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Financial year 2025 · closed on 31/12/2025

Net result

-74,3 k €

-103.0% YoY

Gross margin

28,9 k €

-43.3% YoY

Equity

19,4 M €

-0.4% YoY

Workforce

0,0 ETP

What does VITHECO do?

VITHECO is a Public limited company incorporated in 2000. Its main activity is: Activities of holding companies. Its registered office is in Zandhoven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.806.209

Incorporation

21/09/2000

Legal form

Public limited company

Registered office

Vierselbaan 111
2240 Zandhoven · FlandreSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 65231Reinsurance

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive EBITDAHealthy social debts

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Health score

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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	28,9 k €	-43.3%	51,0 k €	+47.0%	34,7 k €	-51.2%	71,2 k €	+6223%	-1,2 k €	+90.0%	-11,7 k €	-237%	-3,5 k €	-158%	6,0 k €	-40.2%	10,0 k €	+65.6%	6,1 k €	-17.5%	7,3 k €	+8.5%	6,8 k €	+5637%	118,0 €	-98.1%	6,3 k €	+133%	-19,0 k €	-466%	5,2 k €	+654%	-939,0 €	-85.9%	-505,0 €	-102%	21,0 k €	+848%	-2,8 k €
EBITDA	3,0 k €	-88.6%	26,3 k €	+165%	9,9 k €	-79.8%	49,0 k €	+333%	-21,0 k €	+34.1%	-31,8 k €	-38.2%	-23,0 k €	-80.7%	-12,8 k €	-56.0%	-8,2 k €	+28.9%	-11,5 k €	-11.4%	-10,3 k €	+4.7%	-10,8 k €	+37.7%	-17,4 k €	-64.5%	-10,6 k €	+63.5%	-29,0 k €	-209%	-9,4 k €	+23.3%	-12,2 k €	-29.0%	-9,5 k €	-147%	20,1 k €	+635%	-3,8 k €
Operating result	-3,8 k €	-118%	21,6 k €	+393%	4,4 k €	-89.8%	42,8 k €	+261%	-26,6 k €	+52.7%	-56,2 k €	-22.2%	-46,0 k €	-28.9%	-35,7 k €	-16.7%	-30,6 k €	-27.2%	-24,0 k €	-5.1%	-22,9 k €	+2.2%	-23,4 k €	+15.8%	-27,7 k €	-13.0%	-24,6 k €	+43.1%	-43,2 k €	-20.3%	-35,9 k €	+6.5%	-38,4 k €	+4.6%	-40,3 k €	-604%	8,0 k €	+156%	-14,2 k €
Net result	-74,3 k €	-103%	2,5 M €	-37.3%	4,0 M €	+30564%	-13,1 k €	-192%	14,3 k €	+25.9%	11,3 k €	-98.9%	1,0 M €	-6.2%	1,1 M €	+57.7%	690,5 k €	-53.9%	1,5 M €	+23.8%	1,2 M €	+1119%	-118,8 k €	-108%	1,5 M €	+93.8%	783,9 k €	+2247%	-36,5 k €	-102%	1,7 M €	+268%	470,4 k €	-82.6%	2,7 M €	+127%	1,2 M €	-15.4%	1,4 M €
Balance sheet
Equity	19,4 M €	-0.4%	19,4 M €	+14.8%	16,9 M €	+30.9%	12,9 M €	-13.5%	14,9 M €	+0.1%	14,9 M €	+0.1%	14,9 M €	+7.4%	13,9 M €	+8.5%	12,8 M €	+5.7%	12,1 M €	+14.1%	10,6 M €	+12.9%	9,4 M €	-1.2%	9,5 M €	+15.8%	8,2 M €	+10.5%	7,4 M €	-0.5%	7,5 M €	+30.0%	5,8 M €	-25.1%	7,7 M €	+24.5%	6,2 M €	+23.9%	5,0 M €
Total assets	32,0 M €	+11.4%	28,8 M €	+20.1%	23,9 M €	+9.6%	21,8 M €	+6.6%	20,5 M €	+10.9%	18,5 M €	-0.2%	18,5 M €	+3.9%	17,8 M €	+15.7%	15,4 M €	-1.6%	15,6 M €	+8.3%	14,4 M €	+13.0%	12,8 M €	-4.8%	13,4 M €	+21.5%	11,1 M €	+8.2%	10,2 M €	-0.9%	10,3 M €	+32.0%	7,8 M €	+0.2%	7,8 M €	-7.4%	8,4 M €	+14.7%	7,3 M €
Cash	2,6 k €	-96.1%	67,0 k €	+371%	14,2 k €	+33.5%	10,7 k €	-3.9%	11,1 k €	+69.1%	6,6 k €	-18.7%	8,1 k €	-31.1%	11,7 k €	-21.6%	14,9 k €	-83.0%	87,7 k €	+1891%	4,4 k €	-74.3%	17,1 k €	-33.4%	25,7 k €	+2199%	1,1 k €	-86.0%	8,0 k €		–		524,0 €	-65.9%	1,5 k €	-87.9%	12,7 k €	+144%	5,2 k €
Debts	12,6 M €	+35.7%	9,3 M €	+32.9%	7,0 M €	-21.3%	8,9 M €	+60.9%	5,5 M €	+56.3%	3,5 M €	-1.1%	3,6 M €	-8.5%	3,9 M €	+51.4%	2,6 M €	-26.7%	3,5 M €	-7.8%	3,8 M €	+13.3%	3,4 M €	-13.6%	3,9 M €	+38.3%	2,8 M €	+2.1%	2,8 M €	-1.9%	2,8 M €	+37.4%	2,1 M €	+1802%	107,8 k €	-95.1%	2,2 M €	-4.9%	2,3 M €
Other
Workforce	0,0 ETP		0,0 ETP	-100%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 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 31/12/2025 · 1 active · 9 ended

Active mandates

Victor Theeuwes

Director · since 25 février 2022

Active

Ended mandates

Victor Theeuwes

Managing director · since 25 février 2022

Ended

Pieternel Theeuwes

Director · since 01 décembre 2020 · until 01 juin 2023

Ended

THEMA

Director · since 01 juin 2017 · until 01 juin 2023 · 0418.547.278

Represented by Victor Theeuwes

Ended

Victor Theeuwes

Director · since 01 juin 2017 · until 01 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
Stud 111● Active	0413.751.124
THEMA● Active	0418.547.278
T.O.G.● Active	0863.267.138

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	27/07/2026	24/07/2025	23/07/2024	14/07/2023	14/04/2022	28/07/2021
General meeting	30/06/2026	30/06/2025	25/06/2024	23/06/2023	13/04/2022	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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	27/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	24/07/2025	Dutch	PDF
Abridged model	31/12/2023	25/06/2024	23/07/2024	Dutch	PDF
Abridged model	31/12/2022	23/06/2023	14/07/2023	Dutch	PDF
Abridged model	31/12/2021	13/04/2022	14/04/2022	Dutch	PDF
Abridged model	31/12/2020	01/06/2021	28/07/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	24/07/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	30/07/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	27/07/2018	Dutch	PDF
Abridged model	31/12/2016	01/06/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	01/06/2016	02/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	04/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	07/08/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	02/08/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	31/07/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	12/07/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	29/07/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	26/06/2007	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 31/12/2025 · 1 active · 9 ended

Active mandates

Victor Theeuwes

Director · since 25 février 2022

Active

Ended mandates

Victor Theeuwes

Managing director · since 25 février 2022

Ended

Pieternel Theeuwes

Director · since 01 décembre 2020 · until 01 juin 2023

Ended

THEMA

Director · since 01 juin 2017 · until 01 juin 2023 · 0418.547.278

Represented by Victor Theeuwes

Ended

Victor Theeuwes

Director · since 01 juin 2017 · until 01 juin 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/03/2022
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring11/01/2021
ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates24/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring24/06/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates18/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/08/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/05/2011
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 2025-74,3 k €↓
2024
Annual accounts 20242,5 M €↓
2023
Annual accounts 20234,0 M €↑
2022
Annual accounts 2022-13,1 k €↓
2021
Annual accounts 202114,3 k €↑
2020
Annual accounts 202011,3 k €↓
2019
Annual accounts 20191,0 M €↓
2018
Annual accounts 20181,1 M €↑
2017
Annual accounts 2017690,5 k €↓
2016
Annual accounts 20161,5 M €↑
2015
Annual accounts 20151,2 M €↑
2014
Annual accounts 2014-118,8 k €↓
2013
Annual accounts 20131,5 M €↑
2012
Annual accounts 2012783,9 k €↑
2011
Annual accounts 2011-36,5 k €↓
2010
Annual accounts 20101,7 M €↑
2009
Annual accounts 2009470,4 k €↓
2008
Annual accounts 20082,7 M €↑
2007
Annual accounts 20071,2 M €↓
2006
Annual accounts 20061,4 M €
21/09/2000
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

VITHECO

Overview

What does VITHECO do?

Trend over 20 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