ACTIVE

VERTIGE

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Financial year 2025 · closed on 31/12/2025

Net result

13,6 k €

+156.2% YoY

Revenue

108 €

-99.9% YoY

Equity

2,2 k €

+118.8% YoY

What does VERTIGE do?

VERTIGE is a Private limited company incorporated in 2002. Its main activity is: Forestry and logging. Its registered office is in Beauvechain.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.186.631

Incorporation

30/12/2002

Legal form

Private limited company

Registered office

Rue de Wavre 11
1320 Beauvechain · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

02012Forestry and logging· main 02200Logging 02200Logging 01410Raising of dairy cattle 02011Forestry and logging 02100Silviculture and other forestry activities+12

Signals

ProfitablePositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	108 €	-99.9%	127,5 k €	-13.4%	147,1 k €		–		–		–		–		–		–		–		–		–		–		255,3 k €	+65.9%	153,9 k €	-26.0%	208,1 k €	+38.2%	150,5 k €	+24.3%	121,1 k €	-11.6%	137 k €
EBITDA	13,8 k €	+162%	-22,2 k €	-206%	21 k €	+1299%	1,5 k €	-84.2%	9,5 k €	+273%	-5,5 k €	-131%	17,7 k €	+182%	6,3 k €	-76.7%	26,9 k €	-46.9%	50,6 k €	+244%	-35,2 k €	-286%	18,9 k €	-58.7%	45,8 k €	+27.2%	36 k €	-3.0%	37,1 k €	+42.7%	26 k €	-5.1%	27,4 k €	-17.2%	33,1 k €	+40.6%	23,5 k €
Operating result	13,8 k €	+158%	-23,5 k €	-222%	19,4 k €	+267%	-11,6 k €	-247%	-3,3 k €	+79.0%	-15,9 k €	-345%	6,5 k €	+157%	-11,5 k €	-156%	20,6 k €	-53.7%	44,4 k €	+217%	-38,1 k €	-3041%	1,3 k €	-54.1%	2,8 k €	-76.6%	12 k €	-15.6%	14,2 k €	+62.0%	8,8 k €	+13.6%	7,7 k €	-25.4%	10,4 k €	+350%	-4,1 k €
Net result	13,6 k €	+156%	-24,2 k €	-247%	16,5 k €	+182%	-20,3 k €	-55.4%	-13 k €	-2.2%	-12,8 k €	-425%	3,9 k €	+130%	-13 k €	-186%	15,1 k €	-61.5%	39,3 k €	+202%	-38,7 k €	-8965%	436 €	-32.6%	647 €	-91.5%	7,6 k €	-15.1%	8,9 k €	+98.0%	4,5 k €	+16.6%	3,9 k €	-50.8%	7,9 k €	+210%	-7,2 k €
Balance sheet
Equity	2,2 k €	+119%	-11,5 k €	-190%	12,8 k €	+439%	-3,8 k €	-123%	16,5 k €	-44.1%	29,5 k €	-30.2%	42,3 k €	+10.2%	38,4 k €	-25.2%	51,3 k €	+41.8%	36,2 k €	+1254%	-3,1 k €	-109%	35,5 k €	-8.8%	38,9 k €	+1.7%	38,3 k €	+24.7%	30,7 k €	+40.9%	21,8 k €	+26.1%	17,3 k €	+28.8%	13,4 k €	+141%	5,6 k €
Total assets	21,9 k €	-31.5%	32 k €	+44.3%	22,2 k €	-37.0%	35,2 k €	-45.0%	63,9 k €	-14.3%	74,6 k €	-29.5%	105,7 k €	-0.8%	106,5 k €	+48.4%	71,8 k €	+7.9%	66,6 k €	+45.8%	45,7 k €	-52.3%	95,7 k €	+26.5%	75,6 k €	-35.8%	117,7 k €	+4.5%	112,7 k €	+22.7%	91,9 k €	+3.6%	88,7 k €	-18.4%	108,6 k €	+85.7%	58,5 k €
Cash	21,8 k €	+4115%	516,5 €	-88.3%	4,4 k €	-33.1%	6,6 k €	+30.1%	5,1 k €	+25.0%	4,1 k €	-67.1%	12,3 k €	-39.0%	20,2 k €	-45.0%	36,7 k €	+28.6%	28,5 k €	+1577%	1,7 k €	-86.2%	12,3 k €	+788%	1,4 k €	-85.5%	9,6 k €	-50.1%	19,2 k €	+107%	9,3 k €	+37.0%	6,8 k €	+78.5%	3,8 k €	-52.3%	8 k €
Debts	19,7 k €	-54.5%	43,4 k €	+362%	9,4 k €	-75.9%	38,9 k €	-17.9%	47,4 k €	+5.3%	45 k €	-29.0%	63,4 k €	-7.0%	68,2 k €	+233%	20,5 k €	-32.6%	30,4 k €	-37.8%	48,8 k €	-18.9%	60,2 k €	+64.1%	36,7 k €	-53.8%	79,4 k €	-3.1%	82 k €	+17.0%	70,1 k €	-1.8%	71,4 k €	-24.9%	95 k €	+80.2%	52,7 k €

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 · 2 active · 4 ended

Active mandates

Christophe HUBIN

Mandate

Active

Jean-François D'HOYE

Mandate

Active

Ended mandates

Christophe HUBIN

Director

Ended

Christophe HUBIN

Manager

Ended

Jean-François D'Hoye

Manager

Ended

Jean-François D'HOYE

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	11/06/2026	06/07/2025	26/08/2024	13/11/2023	04/05/2023	15/11/2021
General meeting	11/06/2026	12/06/2025	13/06/2024	08/06/2023	09/06/2022	10/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	11/06/2026	11/06/2026	French	PDF
Micro model	31/12/2024	12/06/2025	06/07/2025	French	PDF
Micro model	31/12/2023	13/06/2024	26/08/2024	French	PDF
Micro model	31/12/2022	08/06/2023	13/11/2023	French	PDF
Micro model	31/12/2021	09/06/2022	04/05/2023	French	PDF
Micro model	31/12/2020	10/06/2021	15/11/2021	French	PDF
Micro model	31/12/2019	11/06/2020	30/07/2020	French	PDF
Micro model	31/12/2018	13/06/2019	09/08/2019	French	PDF
Micro model	31/12/2017	14/06/2018	17/08/2018	French	PDF
Micro model	31/12/2016	08/06/2017	27/09/2017	French	PDF
Abridged model	31/12/2015	09/06/2016	23/06/2016	French	PDF
Abridged model	31/12/2014	11/06/2015	29/06/2015	French	PDF
Abridged model	31/12/2012	13/06/2013	04/12/2013	French	PDF
Abridged model	31/12/2011	14/06/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	09/06/2011	28/09/2011	French	PDF
Abridged model	31/12/2009	10/06/2010	28/08/2010	French	PDF
Abridged model	31/12/2008	11/06/2009	31/07/2009	French	PDF
Abridged model	31/12/2007	12/06/2008	17/02/2009	French	PDF
Abridged model	31/12/2006	14/06/2007	30/01/2009	French	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 · 2 active · 4 ended

Active mandates

Christophe HUBIN

Mandate

Active

Jean-François D'HOYE

Mandate

Active

Ended mandates

Christophe HUBIN

Director

Ended

Christophe HUBIN

Manager

Ended

Jean-François D'Hoye

Manager

Ended

Jean-François D'HOYE

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/07/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office26/02/2013
SIEGE SOCIAL
PDF
Registered office31/10/2005
SIEGE SOCIAL
PDF
Other10/01/2003
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202513,6 k €↑
2024
Annual accounts 2024-24,2 k €↓
2023
Annual accounts 202316,5 k €↑
2022
Annual accounts 2022-20,3 k €↓
2021
Annual accounts 2021-13 k €↓
2020
Annual accounts 2020-12,8 k €↓
2019
Annual accounts 20193,9 k €↑
2018
Annual accounts 2018-13 k €↓
2017
Annual accounts 201715,1 k €↓
2016
Annual accounts 201639,3 k €↑
2015
Annual accounts 2015-38,7 k €↓
2014
Annual accounts 2014436 €↓
2012
Annual accounts 2012647 €↓
2011
Annual accounts 20117,6 k €↓
2010
Annual accounts 20108,9 k €↑
2009
Annual accounts 20094,5 k €↑
2008
Annual accounts 20083,9 k €↓
2007
Annual accounts 20077,9 k €↑
2006
Annual accounts 2006-7,2 k €
30/12/2002
IncorporationPrivate 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

VERTIGE

Overview

What does VERTIGE do?

Trend over 19 financial years

Indicative valuation

Board of directors

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