ACTIVE

VERTHUS

Financial year 2025 · closed on 30/06/2025
Net result
132,6 k €
-43.8% YoY
Gross margin
2,1 M €
+0.2% YoY
Equity
1,9 M €
+7.1% YoY
Workforce
41,7 ETP
+5.8% YoY

What does VERTHUS do?

VERTHUS is a Public limited company incorporated in 2001. Its registered office is in Kortemark. It employs on average 41,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0475.857.749
Incorporation
12/10/2001
Legal form
Public limited company
Registered office
Edewallestraat 94
8610 Kortemark · FlandreSee on map
Contributed capital
156 023,63 €
Latest accounts
30/06/2025
Average workforce
41,7 ETP
Joint committees (3)
  • 100
  • 14904
  • 201
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201820172016201520142013201220112010200920082007
Income statement
Gross margin2,1 M €2,1 M €2,2 M €2,1 M €1,8 M €1,6 M €309,5 k €264,6 k €347,3 k €362,8 k €347,8 k €327,4 k €345,8 k €392,1 k €377,7 k €327,1 k €291,1 k €467 k €
EBITDA303,2 k €445,6 k €508,2 k €437 k €607,5 k €411,4 k €69,1 k €-2,1 k €70,8 k €67 k €76,6 k €80,2 k €116,3 k €116,1 k €162,8 k €122,1 k €56,4 k €74,1 k €
Operating result122,8 k €258 k €254,8 k €256,9 k €482,7 k €317,7 k €16,9 k €-52 k €14,9 k €17,2 k €31,2 k €44,3 k €105,2 k €91,7 k €140 k €101,7 k €36,2 k €54,2 k €
Net result132,6 k €235,9 k €258,7 k €257,3 k €424,9 k €306,3 k €35,7 k €-40,3 k €30,3 k €-40,3 k €-3,5 k €28,1 k €80,6 k €91,4 k €100,4 k €75 k €42,1 k €27,2 k €
Balance sheet
Equity1,9 M €1,7 M €3,6 M €3,4 M €3 M €2,6 M €109,8 k €74,1 k €114,4 k €114,1 k €154,4 k €158 k €211,9 k €213,3 k €203,9 k €185,5 k €192,5 k €232,4 k €
Total assets4,7 M €4,7 M €4,7 M €4,3 M €3,8 M €3,6 M €1,3 M €1,2 M €1,1 M €1 M €1,1 M €1,2 M €985,6 k €746,8 k €947,1 k €924,1 k €827,7 k €704,4 k €
Cash489,9 k €400,1 k €499,1 k €325,8 k €855,5 k €988,2 k €190,3 k €131,3 k €152,3 k €166,3 k €217,6 k €379,9 k €286,8 k €102,4 k €262,8 k €281,1 k €195,6 k €189,8 k €
Debts2,9 M €2,9 M €1,1 M €833,2 k €776,8 k €990,6 k €1,2 M €1,1 M €1 M €895,7 k €943,7 k €1 M €773,7 k €533,5 k €743,2 k €738,5 k €635,2 k €471,9 k €
Other
Workforce41,7 ETP39,4 ETP38,5 ETP40,4 ETP33,8 ETP32,3 ETP5,8 ETP6,6 ETP6,9 ETP7,4 ETP6,7 ETP5,9 ETP5,5 ETP6,2 ETP6,4 ETP6,6 ETP6,2 ETP11,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 12 ended

Active mandates

Nancy Vancoppenolle

Director · since 21 décembre 2024 · until 21 décembre 2030

Active
PINACO

Managing director · since 21 décembre 2024 · until 21 décembre 2030 · 0863.728.481

Active

Ended mandates

Nancy Vancoppenolle

Director · since 30 octobre 2018 · until 21 décembre 2024

Ended
PINACO

Managing director · since 30 octobre 2018 · until 21 décembre 2024 · 0863.728.481

Ended
P. Vermeersch & Co

Managing director · since 30 septembre 2017 · until 30 septembre 2023 · 0475.857.155

Ended
PINACO

Managing director · since 30 septembre 2017 · until 30 septembre 2023 · 0863.728.481

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date02/02/202604/02/202522/01/202431/01/202331/01/202208/01/2021
General meeting10/01/202621/12/202423/12/202307/01/202305/01/202219/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202510/01/202602/02/2026DutchPDF
Abridged model30/06/202421/12/202404/02/2025DutchPDF
Abridged model30/06/202323/12/202322/01/2024DutchPDF
Abridged model30/06/202207/01/202331/01/2023DutchPDF
Abridged model30/06/202105/01/202231/01/2022DutchPDF
Abridged model30/06/202019/12/202008/01/2021DutchPDF
Abridged model30/06/201902/01/202031/01/2020DutchPDF
Abridged model31/03/201829/09/201801/10/2018DutchPDF
Abridged model31/03/201730/09/201731/10/2017DutchPDF
Abridged model31/03/201624/09/201627/10/2016DutchPDF
Abridged model31/03/201526/09/201528/09/2015DutchPDF
Abridged model31/03/201427/09/201429/09/2014DutchPDF
Abridged model31/03/201328/09/201330/09/2013DutchPDF
Abridged model31/03/201229/09/201201/10/2012DutchPDF
Abridged model31/03/201124/09/201126/09/2011DutchPDF
Abridged model31/03/201025/09/201027/09/2010DutchPDF
Abridged model31/03/200926/09/200928/09/2009DutchPDF
Abridged model31/03/200827/09/200829/09/2008DutchPDF
Abridged model31/03/200729/09/200701/10/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 12 ended

Active mandates

Nancy Vancoppenolle

Director · since 21 décembre 2024 · until 21 décembre 2030

Active
PINACO

Managing director · since 21 décembre 2024 · until 21 décembre 2030 · 0863.728.481

Active

Ended mandates

Nancy Vancoppenolle

Director · since 30 octobre 2018 · until 21 décembre 2024

Ended
PINACO

Managing director · since 30 octobre 2018 · until 21 décembre 2024 · 0863.728.481

Ended
P. Vermeersch & Co

Managing director · since 30 septembre 2017 · until 30 septembre 2023 · 0475.857.155

Ended
PINACO

Managing director · since 30 septembre 2017 · until 30 septembre 2023 · 0863.728.481

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/06/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares22/04/2024
    KAPITAAL - AANDELEN
    PDF
  • Restructuring25/05/2022
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring24/01/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
    PDF
  • Other30/06/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING
    PDF
  • Restructuring28/11/2018
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates26/09/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/12/2017
    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

Timeline

  1. 2025
    Annual accounts 2025132,6 k €
  2. 2024
    Annual accounts 2024235,9 k €
  3. 2023
    Annual accounts 2023258,7 k €
  4. 2022
    Annual accounts 2022257,3 k €
  5. 2021
    Annual accounts 2021424,9 k €
  6. 2020
    Annual accounts 2020306,3 k €
  7. 2018
    Annual accounts 201835,7 k €
  8. 2017
    Annual accounts 2017-40,3 k €
  9. 2016
    Annual accounts 201630,3 k €
  10. 2015
    Annual accounts 2015-40,3 k €
  11. 2014
    Annual accounts 2014-3,5 k €
  12. 2013
    Annual accounts 201328,1 k €
  13. 2012
    Annual accounts 201280,6 k €
  14. 2011
    Annual accounts 201191,4 k €
  15. 2010
    Annual accounts 2010100,4 k €
  16. 2009
    Annual accounts 200975 k €
  17. 2008
    Annual accounts 200842,1 k €
  18. 2007
    Annual accounts 200727,2 k €
  19. 12/10/2001
    IncorporationPublic limited company