VSH
0476.379.866 · rovalta.com · 23/09/2026
ACTIVE
VSH
Financial year 2025 · closed on 31/03/2025
Net result
62,3 k €
-98.0% YoY
Gross margin
-13 k €
-103.5% YoY
Equity
4,6 M €
+1.4% YoY
Overview
What does VSH do?
VSH is a Public limited company incorporated in 2001. Its main activity is: Management consultancy activities. Its registered office is in Oostende.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0476.379.866
Incorporation
31/12/2001
Legal form
Public limited company
Registered office
Alfons Pieterslaan 90-92
8400 Oostende · FlandreSee on map
8400 Oostende · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
31/03/2025
Activities (NACE)
Joint committees (1)
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | -13 k € | -103% | 376,7 k € | -61.4% | 976 k € | +27.0% | 768,4 k € | +245% | 222,4 k € | -69.5% | 729,2 k € | -1.1% | 737,5 k € | +9328% | 7,8 k € | +131% | -25,3 k € | -1116% | 2,5 k € | +451% | -710 € | -102% | 28,9 k € | +583% | 4,2 k € | -71.1% | 14,6 k € | -78.0% | 66,6 k € | +1085% | 5,6 k € | -92.6% | 75,8 k € | -0.4% | 76,1 k € | -22.7% | 98,4 k € |
| EBITDA | -18,6 k € | -105% | 374,9 k € | -61.5% | 974,9 k € | +27.3% | 765,7 k € | +246% | 221,1 k € | -69.6% | 728,1 k € | -1.1% | 736,2 k € | +10330% | 7,1 k € | +127% | -26,2 k € | -206% | -8,6 k € | -566% | -1,3 k € | -105% | 25,9 k € | +115% | -172,3 k € | -1359% | 13,7 k € | -73.2% | 51 k € | +1086% | 4,3 k € | -93.8% | 70 k € | +4.8% | 66,7 k € | -31.6% | 97,5 k € |
| Operating result | -53,1 k € | -114% | 372,2 k € | -61.8% | 974,9 k € | +27.3% | 765,7 k € | +253% | 217,1 k € | -70.0% | 722,7 k € | -1.1% | 730,8 k € | +28614% | 2,5 k € | +109% | -28,8 k € | -236% | -8,6 k € | -566% | -1,3 k € | -105% | 25,9 k € | -91.1% | 292,3 k € | +2036% | 13,7 k € | -73.2% | 51 k € | +1086% | 4,3 k € | -93.8% | 70 k € | +4.8% | 66,7 k € | -22.1% | 85,6 k € |
| Net result | 62,3 k € | -98.0% | 3,1 M € | +395% | 618,7 k € | +30.7% | 473,3 k € | +405% | 93,7 k € | -83.4% | 565,4 k € | -12.6% | 646,8 k € | +778% | -95,4 k € | -71.7% | -55,5 k € | -542% | -8,7 k € | -508% | -1,4 k € | -106% | 25,7 k € | +109% | -272,1 k € | -2172% | -12 k € | -148% | 24,8 k € | +192% | -26,9 k € | -713% | 4,4 k € | -36.7% | 6,9 k € | -38.1% | 11,2 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 4,6 M € | +1.4% | 4,5 M € | +140% | 1,9 M € | +49.3% | 1,3 M € | +60.6% | 781,1 k € | +13.6% | 687,5 k € | +463% | 122 k € | +123% | -524,8 k € | -22.2% | -429,4 k € | -14.9% | -373,9 k € | -2.4% | -365,2 k € | -0.4% | -363,8 k € | +6.6% | -389,4 k € | -232% | -117,4 k € | -11.4% | -105,4 k € | +19.0% | -130,2 k € | -26.0% | -103,3 k € | +4.1% | -107,7 k € | +6.0% | -114,6 k € |
| Total assets | 4,8 M € | -5.1% | 5,1 M € | +13.9% | 4,4 M € | -0.4% | 4,5 M € | -1.0% | 4,5 M € | +7.4% | 4,2 M € | +3.7% | 4 M € | -0.1% | 4 M € | -0.1% | 4,1 M € | +9333% | 43 k € | -28.1% | 59,7 k € | -34.0% | 90,4 k € | -21.2% | 114,8 k € | -72.3% | 413,6 k € | -14.7% | 485,1 k € | -17.2% | 585,9 k € | -28.8% | 822,5 k € | -24.2% | 1,1 M € | -6.9% | 1,2 M € |
| Cash | 38,9 k € | +50.2% | 25,9 k € | +96.4% | 13,2 k € | +2159% | 584 € | -94.2% | 10 k € | +1032% | 888 € | +5.0% | 846 € | +311% | 206 € | -84.9% | 1,4 k € | -86.4% | 10 k € | +144% | 4,1 k € | -78.1% | 18,7 k € | +83.0% | 10,2 k € | -57.3% | 24 k € | +4943% | 475,3 € | -78.8% | 2,2 k € | +64.0% | 1,4 k € | +499% | 228 € | -97.0% | 7,5 k € |
| Debts | 249,2 k € | -56.2% | 569,7 k € | -77.7% | 2,6 M € | -19.7% | 3,2 M € | -13.8% | 3,7 M € | +6.3% | 3,5 M € | -10.7% | 3,9 M € | -14.3% | 4,5 M € | +1.3% | 4,5 M € | +974% | 416,8 k € | -1.9% | 424,9 k € | -6.5% | 454,2 k € | -9.9% | 504,2 k € | -5.1% | 531 k € | -10.1% | 590,4 k € | -17.5% | 715,8 k € | -22.6% | 925,1 k € | -22.4% | 1,2 M € | -6.8% | 1,3 M € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | – | 0,0 ETP | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | ||||||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/03/2025 · 2 active · 14 ended
Active mandates
Arnaud Van Schoote
ActiveActive
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
Groep Armo Projects● Active | 1013.334.353 |
JUMA● Active | 0454.796.970 |
NUWI● Active | 0463.599.424 |
Van Schoote● Active | 0447.361.030 |
VS INSURANCE● Active | 0864.457.565 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/04/2024 | 01/04/2023 | 01/04/2022 | 01/04/2021 | 01/04/2020 | 01/04/2019 |
| Closing of the financial year | 31/03/2025 | 31/03/2024 | 31/03/2023 | 31/03/2022 | 31/03/2021 | 31/03/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 30/10/2025 | 30/10/2024 | 26/10/2023 | 07/11/2022 | 18/11/2021 | 09/11/2020 |
| General meeting | 30/10/2025 | 30/10/2024 | 29/09/2023 | 03/11/2022 | 26/10/2021 | 19/09/2020 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/03/2025 | 30/10/2025 | 30/10/2025 | Dutch | |
| Abridged model | 31/03/2024 | 30/10/2024 | 30/10/2024 | Dutch | |
| Abridged model | 31/03/2023 | 29/09/2023 | 26/10/2023 | Dutch | |
| Abridged model | 31/03/2022 | 03/11/2022 | 07/11/2022 | Dutch | |
| Abridged model | 31/03/2021 | 26/10/2021 | 18/11/2021 | Dutch | |
| Abridged model | 31/03/2020 | 19/09/2020 | 09/11/2020 | Dutch | |
| Abridged model | 31/03/2019 | 21/09/2019 | 28/11/2019 | Dutch | |
| Abridged model | 31/03/2018 | 22/09/2018 | 27/11/2018 | Dutch | |
| Abridged model | 31/03/2017 | 23/09/2017 | 27/11/2017 | Dutch | |
| Abridged model | 31/03/2016 | 05/04/2016 | 31/10/2016 | Dutch | |
| Abridged model | 31/03/2015 | 15/09/2015 | 16/10/2015 | Dutch | |
| Abridged model | 31/03/2014 | 16/09/2014 | 27/10/2014 | Dutch | |
| Abridged model | 31/03/2013 | 30/12/2013 | 12/02/2014 | Dutch | |
| Abridged model | 31/03/2012 | 01/04/2012 | 28/09/2012 | Dutch | |
| Abridged model | 31/03/2011 | 05/04/2011 | 30/09/2011 | Dutch | |
| Abridged model | 31/03/2010 | 30/07/2010 | 15/11/2010 | Dutch | |
| Abridged model | 31/03/2009 | 30/09/2009 | 09/11/2009 | Dutch | |
| Abridged model | 31/03/2008 | 30/09/2008 | 27/11/2008 | Dutch | |
| Abridged model | 31/03/2007 | 25/09/2007 | 28/09/2007 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/03/2025 · 2 active · 14 ended
Active mandates
Arnaud Van Schoote
ActiveActive
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates06/01/2026ONTSLAGEN - BENOEMINGEN
- Mandates22/11/2023STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
- Mandates30/10/2023ONTSLAGEN - BENOEMINGEN
- Mandates16/03/2022ONTSLAGEN - BENOEMINGEN
- Other29/08/2018DOEL
- Mandates08/12/2017ONTSLAGEN - BENOEMINGEN
- Mandates10/02/2017ONTSLAGEN - BENOEMINGEN
- Registered office02/09/2016BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202562,3 k €↓
- 2024Annual accounts 20243,1 M €↑
- 2023Annual accounts 2023618,7 k €↑
- 2022Annual accounts 2022473,3 k €↑
- 2021Annual accounts 202193,7 k €↓
- 2020Annual accounts 2020565,4 k €↓
- 2019Annual accounts 2019646,8 k €↑
- 2018Annual accounts 2018-95,4 k €↓
- 2017Annual accounts 2017-55,5 k €↓
- 2016Annual accounts 2016-8,7 k €↓
- 2015Annual accounts 2015-1,4 k €↓
- 2014Annual accounts 201425,7 k €↑
- 2013Annual accounts 2013-272,1 k €↓
- 2012Annual accounts 2012-12 k €↓
- 2011Annual accounts 201124,8 k €↑
- 2010Annual accounts 2010-26,9 k €↓
- 2009Annual accounts 20094,4 k €↓
- 2008Annual accounts 20086,9 k €↓
- 2007Annual accounts 200711,2 k €
- 31/12/2001IncorporationPublic limited company