ACTIVE

VANJE

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Financial year 2025 · closed on 31/12/2025

Net result

206,7 k €

+655.7% YoY

Gross margin

-600 €

+81.6% YoY

Equity

26,9 M €

+0.8% YoY

What does VANJE do?

VANJE is a Private limited company incorporated in 2008. Its main activity is: Management consultancy activities. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0807.224.595

Incorporation

20/10/2008

Legal form

Private limited company

Registered office

Rue Harenheyde 57
1130 Bruxelles · BruxellesSee on map

Contributed capital

20 685 100,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	-600 €	+81.6%	-3,3 k €	-208%	3 k €	+144%	-6,9 k €	+10.5%	-7,7 k €	-11.0%	-7 k €	+7.5%	-7,5 k €	-17.5%	-6,4 k €	+23.0%	-8,3 k €	-576%	-1,2 k €	+88.2%	-10,4 k €	-561%	2,3 k €	+239%	668,3 €	+112%	-5,7 k €	+65.8%	-16,8 k €	-141%	-6,9 k €	+20.6%	-8,8 k €
EBITDA	-1,6 k €	+62.6%	-4,3 k €	-307%	2,1 k €	+127%	-7,8 k €	+9.4%	-8,6 k €	-9.7%	-7,8 k €	+6.7%	-8,4 k €	-15.4%	-7,3 k €	+46.4%	-13,6 k €	-546%	-2,1 k €	+81.6%	-11,4 k €	-971%	1,3 k €	+553%	-288,7 €	+95.3%	-6,2 k €	+64.1%	-17,2 k €	-133%	-7,4 k €	+23.3%	-9,6 k €
Operating result	-1,6 k €	+62.6%	-4,3 k €	-307%	2,1 k €	+127%	-7,8 k €	+9.4%	-8,6 k €	-9.7%	-7,8 k €	+6.7%	-8,4 k €	-15.4%	-7,3 k €	+46.4%	-13,6 k €	-546%	-2,1 k €	+81.6%	-11,4 k €	-971%	1,3 k €	+553%	-288,7 €	+95.3%	-6,2 k €	+66.0%	-18,2 k €	-111%	-8,6 k €	+22.8%	-11,2 k €
Net result	206,7 k €	+656%	27,4 k €	-90.4%	284,2 k €	-15.1%	334,6 k €	-52.8%	708,3 k €	+537%	111,3 k €	-55.4%	249,6 k €	+15941%	1,6 k €	-99.3%	228,2 k €	-47.4%	434 k €	+94.7%	222,9 k €	+1029%	19,7 k €	-98.9%	1,7 M €	+1.0%	1,7 M €	+9526%	-18,3 k €	-110%	-8,7 k €	+22.0%	-11,2 k €
Balance sheet
Equity	26,9 M €	+0.8%	26,7 M €	+0.1%	26,7 M €	+1.1%	26,4 M €	+1.3%	26,1 M €	+2.8%	25,4 M €	+0.4%	25,3 M €	+1.0%	25 M €	+0.0%	25 M €	+0.9%	24,8 M €	+1.8%	24,4 M €	+0.9%	24,1 M €	+0.1%	24,1 M €	+7.8%	22,4 M €	+8.3%	20,6 M €	+1610915%	-1,3 k €	-117%	7,4 k €
Total assets	29 M €	+1.1%	28,7 M €	+0.1%	28,6 M €	+8.3%	26,5 M €	+1.3%	26,1 M €	+2.6%	25,4 M €	+0.6%	25,3 M €	+1.0%	25 M €	-0.0%	25 M €	+1.0%	24,8 M €	+1.8%	24,4 M €	+0.9%	24,1 M €	+0.0%	24,1 M €	+7.8%	22,4 M €	+8.4%	20,7 M €	+1016355%	2 k €	-81.1%	10,8 k €
Cash	96,1 k €	-92.5%	1,3 M €	-25.4%	1,7 M €	-16.6%	2,1 M €	+79.1%	1,2 M €	+3.7%	1,1 M €	-18.2%	1,4 M €	-59.0%	3,3 M €	-7.5%	3,6 M €	+7.1%	3,3 M €	+15.1%	2,9 M €	-10.0%	3,2 M €	-6.9%	3,5 M €	+99.7%	1,7 M €	+20511%	8,4 k €	+688%	1,1 k €	-84.1%	6,7 k €
Debts	2 M €	+5.6%	1,9 M €	+0.0%	1,9 M €	+5529%	34,3 k €	+24.6%	27,6 k €	-61.4%	71,4 k €	+119%	32,6 k €	+36.5%	23,9 k €	-11.3%	27 k €	+38.9%	19,4 k €	-9.3%	21,4 k €	+11.7%	19,2 k €	-40.7%	32,3 k €	-7.4%	34,9 k €	+113%	16,4 k €	+803%	1,8 k €	-0.3%	1,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Patrick Choay

Director · since 09 mai 2023

Active

Ended mandates

Patrick Choay

Director · since 17 octobre 2008

Ended

Patrick Choay

Manager · since 17 octobre 2008

Ended

At this address

Other companies at this address

Company	CBE no.
ALLONS VOIR● Active	0704.841.194
AURORA CONSULTING● Active	0477.745.784
DELMMA● Active	0826.937.866
DISTRIPHAR● Active	0876.852.383
F.INITIATIVES● Active	0665.883.719
PROMEDITECH● Active	0807.225.387
TD-CONCEPT● Active	0889.269.472
THALY● Active	0467.285.127

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	21/07/2026	20/06/2025	04/07/2024	20/06/2023	27/06/2022	16/06/2021
General meeting	04/06/2026	05/06/2025	06/06/2024	01/06/2023	02/06/2022	03/06/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	04/06/2026	21/07/2026	French	PDF
Micro model	31/12/2024	05/06/2025	20/06/2025	French	PDF
Micro model	31/12/2023	06/06/2024	04/07/2024	French	PDF
Micro model	31/12/2022	01/06/2023	20/06/2023	French	PDF
Micro model	31/12/2021	02/06/2022	27/06/2022	French	PDF
Micro model	31/12/2020	03/06/2021	16/06/2021	French	PDF
Micro model	31/12/2019	04/06/2020	02/07/2020	French	PDF
Micro model	31/12/2018	06/06/2019	12/06/2019	French	PDF
Abridged model	31/12/2017	07/06/2018	12/06/2018	French	PDF
Abridged model	31/12/2016	01/06/2017	13/06/2017	French	PDF
Abridged model	31/12/2015	02/06/2016	01/07/2016	French	PDF
Abridged model	31/12/2014	04/06/2015	14/07/2015	French	PDF
Abridged model	31/12/2013	05/06/2014	11/06/2014	French	PDF
Abridged model	31/12/2012	06/06/2013	21/06/2013	French	PDF
Abridged model	31/12/2011	07/06/2012	05/07/2012	French	PDF
Abridged model	31/12/2010	03/06/2011	04/07/2011	French	PDF
Abridged model	31/12/2009	03/06/2010	18/06/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 1 active · 2 ended

Active mandates

Patrick Choay

Director · since 09 mai 2023

Active

Ended mandates

Patrick Choay

Director · since 17 octobre 2008

Ended

Patrick Choay

Manager · since 17 octobre 2008

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/05/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares16/03/2012
CAPITAL, ACTIONS - ANNEE COMPTABLE
PDF
Other28/10/2008
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 2025206,7 k €↑
2024
Annual accounts 202427,4 k €↓
2023
Annual accounts 2023284,2 k €↓
2022
Annual accounts 2022334,6 k €↓
2021
Annual accounts 2021708,3 k €↑
2020
Annual accounts 2020111,3 k €↓
2019
Annual accounts 2019249,6 k €↑
2018
Annual accounts 20181,6 k €↓
2017
Annual accounts 2017228,2 k €↓
2016
Annual accounts 2016434 k €↑
2015
Annual accounts 2015222,9 k €↑
2014
Annual accounts 201419,7 k €↓
2013
Annual accounts 20131,7 M €↑
2012
Annual accounts 20121,7 M €↑
2011
Annual accounts 2011-18,3 k €↓
2010
Annual accounts 2010-8,7 k €↑
2009
Annual accounts 2009-11,2 k €
20/10/2008
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

VANJE

Overview

What does VANJE do?

Trend over 17 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