ACTIVE

BMVH

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Financial year 2025 · closed on 31/12/2025

Net result

955,5 k €

+16.9% YoY

Gross margin

958,4 k €

+142.3% YoY

Equity

48,1 M €

+2.0% YoY

Workforce

1,8 ETP

+5.9% YoY

What does BMVH do?

BMVH is a Public limited company incorporated in 2002. Its main activity is: Activities of holding companies. Its registered office is in Hooglede. It employs on average 1,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.042.931

Incorporation

22/03/2002

Legal form

Public limited company

Registered office

Bruggesteenweg 245
8830 Hooglede · FlandreSee on map

Contributed capital

27 635 000,00 €

Latest accounts

31/12/2025

Average workforce

1,8 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities 74142Specialised design activities 74151Specialised design activities

Joint committees (3)

200
20000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	958,4 k €	+142%	395,5 k €	-16.0%	470,6 k €	-36.0%	734,7 k €	+25.1%	587,4 k €	-2.2%	600,7 k €	-23.1%	781,2 k €	-0.4%	784,2 k €	+9.2%	718,2 k €	-15.0%	845,1 k €	-10.7%	946 k €		–		–		–		943,2 k €	+30.3%	723,7 k €	-11.5%	818,1 k €	-2.4%	838,6 k €
EBITDA	675,2 k €	+231%	204,3 k €	-9.2%	224,9 k €	-29.1%	317,4 k €	+3703%	-8,8 k €	+97.9%	-422,2 k €	-178%	542,9 k €	-0.3%	544,3 k €	+16.3%	468,1 k €	-13.3%	539,7 k €	-2.5%	553,7 k €	+2.1%	542,1 k €	-8.0%	589,3 k €	+6.7%	552,1 k €	+28.7%	428,9 k €	+65.2%	259,7 k €	-24.9%	345,9 k €	+15.8%	298,7 k €
Operating result	10 k €	+104%	-246 k €	-34.0%	-183,5 k €	-654%	33,1 k €	+117%	-193,3 k €	+68.0%	-603,1 k €	-728%	96,1 k €	-77.2%	421,9 k €	+23.5%	341,5 k €	-16.8%	410,7 k €	-3.8%	426,8 k €	+3.1%	414 k €	-10.4%	462,2 k €	+8.9%	424,4 k €	+46.0%	290,7 k €	+135%	123,5 k €	-41.8%	212,1 k €	+15.5%	183,7 k €
Net result	955,5 k €	+16.9%	817,4 k €	-68.8%	2,6 M €	+123%	1,2 M €	+14.0%	1 M €	+31.9%	781,9 k €	-54.7%	1,7 M €	+221%	537,2 k €	-26.9%	734,6 k €	+48.0%	496,2 k €	+18.7%	417,9 k €	-89.2%	3,9 M €	+908%	382,7 k €	+21.6%	314,7 k €	+793%	35,2 k €	-68.2%	110,8 k €	-26.6%	150,9 k €	+8.2%	139,5 k €
Balance sheet
Equity	48,1 M €	+2.0%	47,2 M €	+37.7%	34,2 M €	+8.3%	31,6 M €	+3.9%	30,4 M €	+3.5%	29,4 M €	+2.7%	28,6 M €	+6.4%	26,9 M €	+2.0%	26,4 M €	+2.9%	25,6 M €	+2.0%	25,1 M €	+1.7%	24,7 M €	+18.5%	20,9 M €	+1.9%	20,5 M €	+1.6%	20,2 M €	+0.2%	20,1 M €	+0.6%	20 M €	+0.8%	19,9 M €
Total assets	58,2 M €	+3.4%	56,2 M €	+34.3%	41,8 M €	+6.4%	39,3 M €	+10.5%	35,6 M €	+8.5%	32,8 M €	+2.4%	32,1 M €	+5.2%	30,5 M €	-0.1%	30,5 M €	+1.3%	30,1 M €	+1.8%	29,6 M €	-0.8%	29,8 M €	+18.6%	25,1 M €	+1.9%	24,7 M €	+1.7%	24,2 M €	+4.8%	23,1 M €	+1.4%	22,8 M €	-0.5%	22,9 M €
Cash	1,1 M €	-11.4%	1,2 M €	+467%	216,3 k €	-88.7%	1,9 M €	-57.2%	4,5 M €	+58.4%	2,8 M €	+83.6%	1,5 M €	-50.5%	3,1 M €	-8.0%	3,4 M €	-40.4%	5,7 M €	+0.2%	5,6 M €	+4.7%	5,4 M €	-1.1%	5,4 M €	-28.7%	7,6 M €	+37.3%	5,6 M €	-27.2%	7,7 M €	+794%	856,2 k €	+451%	155,5 k €
Debts	10 M €	+12.8%	8,8 M €	+18.2%	7,5 M €	-1.9%	7,6 M €	+79.7%	4,2 M €	+73.7%	2,4 M €	-1.7%	2,5 M €	-4.4%	2,6 M €	-16.6%	3,1 M €	-9.2%	3,4 M €	+2.6%	3,3 M €	-16.6%	4 M €	+25.5%	3,2 M €	+2.8%	3,1 M €	+3.1%	3 M €	+8.6%	2,8 M €	+9.6%	2,5 M €	-9.2%	2,8 M €
Other
Workforce	1,8 ETP	+5.9%	1,7 ETP	-41.4%	2,9 ETP	-37.0%	4,6 ETP	+12.2%	4,1 ETP	+5.1%	3,9 ETP	+34.5%	2,9 ETP	+3.6%	2,8 ETP	-12.5%	3,2 ETP	-17.9%	3,9 ETP	-33.9%	5,9 ETP	-1.7%	6,0 ETP	+62.2%	3,7 ETP	-27.5%	5,1 ETP	-12.1%	5,8 ETP	+18.4%	4,9 ETP	-31.0%	7,1 ETP	-11.3%	8,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 6 ended

Active mandates

VTBM

Director · since 27 décembre 2022 · until 31 mai 2031 · 0673.672.225

Represented by Valcke Tom

Active

Cecile Haverbeke

Managing director · since 30 décembre 2019 · until 31 mai 2031

Active

Luc Valcke

Managing director · since 30 décembre 2019 · until 31 mai 2031

Active

Ended mandates

VTBM

Director · since 27 décembre 2022 · 0673.672.225

Represented by Tom Valcke

Ended

Cecile Haverbeke

Managing director

Ended

CECILE HAVERBEKE

Director

Ended

LUC VALCKE

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Gardival Concept Store● Active	1026.952.064

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	26/06/2026	22/08/2025	28/06/2024	11/07/2023	20/07/2022	09/07/2021
General meeting	30/05/2026	31/05/2025	25/05/2024	27/05/2023	28/05/2022	29/05/2021
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	30/05/2026	26/06/2026	Dutch	PDF
Abridged model	31/12/2024	31/05/2025	22/08/2025	Dutch	PDF
Abridged model	31/12/2023	25/05/2024	28/06/2024	Dutch	PDF
Abridged model	31/12/2022	27/05/2023	11/07/2023	Dutch	PDF
Abridged model	31/12/2021	28/05/2022	20/07/2022	Dutch	PDF
Abridged model	31/12/2020	29/05/2021	09/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/05/2020	20/08/2020	Dutch	PDF
Abridged model	31/12/2018	25/05/2019	12/07/2019	Dutch	PDF
Abridged model	31/12/2017	26/05/2018	24/08/2018	Dutch	PDF
Abridged model	31/12/2016	27/05/2017	19/07/2017	Dutch	PDF
Abridged model	31/12/2015	28/05/2016	19/07/2016	Dutch	PDF
Full model	31/12/2014	30/05/2015	22/07/2015	Dutch	PDF
Full model	31/12/2013	31/05/2014	22/07/2014	Dutch	PDF
Full model	31/12/2012	25/05/2013	29/07/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	29/05/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	06/07/2011	Dutch	PDF
Abridged model	31/12/2009	29/05/2010	09/06/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	29/07/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	03/06/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	08/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2025 · 3 active · 6 ended

Active mandates

VTBM

Director · since 27 décembre 2022 · until 31 mai 2031 · 0673.672.225

Represented by Valcke Tom

Active

Cecile Haverbeke

Managing director · since 30 décembre 2019 · until 31 mai 2031

Active

Luc Valcke

Managing director · since 30 décembre 2019 · until 31 mai 2031

Active

Ended mandates

VTBM

Director · since 27 décembre 2022 · 0673.672.225

Represented by Tom Valcke

Ended

Cecile Haverbeke

Managing director

Ended

CECILE HAVERBEKE

Director

Ended

LUC VALCKE

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/02/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/01/2020
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates16/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office16/02/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates19/08/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/01/2008
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025955,5 k €↑
31/05/2025
reconductionLuc Valcke — bestuurder
31/05/2025
reconductionCecile Haverbeke — bestuurder
31/05/2025
reconductionTom Valcke — vaste vertegenwoordiger
2024
Annual accounts 2024817,4 k €↓
23/12/2024
reconductionLuc Valcke — bestuurder
23/12/2024
nominationLuc Valcke — dagelijks bestuurder
23/12/2024
reconductionCecile Haverbeke — bestuurder
23/12/2024
nominationCecile Haverbeke — dagelijks bestuurder
23/12/2024
reconductionVTBM — bestuurder
23/12/2024
apportLuc Valcke
23/12/2024
apportCecile Haverbeke
2023
Annual accounts 20232,6 M €↑
2022
Annual accounts 20221,2 M €↑
27/12/2022
nominationVTBM BV — bestuurder
2021
Annual accounts 20211 M €↑
2020
Annual accounts 2020781,9 k €↓
2019
Annual accounts 20191,7 M €↑
2018
Annual accounts 2018537,2 k €↓
2017
Annual accounts 2017734,6 k €↑
2016
Annual accounts 2016496,2 k €↑
2015
Annual accounts 2015417,9 k €↓
2014
Annual accounts 20143,9 M €↑
2013
Annual accounts 2013382,7 k €↑
2012
Annual accounts 2012314,7 k €↑
2011
Annual accounts 201135,2 k €↓
2010
Annual accounts 2010110,8 k €↓
2009
Annual accounts 2009150,9 k €↑
2008
Annual accounts 2008139,5 k €
22/03/2002
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

BMVH

Overview

What does BMVH do?

Trend over 18 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