ACTIVE

VGH SOFTWARE

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Financial year 2025 · closed on 31/12/2025

Net result

48,8 k €

-3.0% YoY

Revenue

174,4 k €

-1.3% YoY

Equity

210,9 k €

+17.6% YoY

What does VGH SOFTWARE do?

VGH SOFTWARE is a Private limited company incorporated in 2009. Its main activity is: Computer consultancy activities. Its registered office is in Gingelom.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0816.770.385

Incorporation

30/06/2009

Legal form

Private limited company

Registered office

Truilingenstraat 72 box A
3891 Gingelom · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 62010Computer programming activities 62100Computer programming, consultancy and related activities 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Revenue	174,4 k €	-1.3%	176,6 k €	+8.3%	163,1 k €	+2.5%	159,1 k €	+7.6%	147,8 k €	+20.0%	123,2 k €	+3.7%	118,8 k €	+5.2%	112,9 k €	-3.9%	117,4 k €	-8.1%	127,8 k €	+22.1%	104,7 k €	+4.5%	100,1 k €	+3.9%	96,3 k €	-1.9%	98,2 k €	-7.4%	106 k €	-16.0%	126,2 k €
EBITDA	79,9 k €	-5.6%	84,6 k €	+60.9%	52,6 k €	-9.8%	58,2 k €	+4.4%	55,8 k €	+53.0%	36,5 k €	+50.4%	24,2 k €	-44.2%	43,4 k €	-12.2%	49,4 k €	-10.5%	55,2 k €	+58.6%	34,8 k €	+12.0%	31,1 k €	+144%	12,7 k €	-60.1%	31,9 k €	-28.0%	44,3 k €	+7.2%	41,3 k €
Operating result	70,3 k €	-2.9%	72,4 k €	+79.5%	40,3 k €	-18.1%	49,3 k €	+5.4%	46,8 k €	+68.3%	27,8 k €	+80.6%	15,4 k €	-53.1%	32,8 k €	-18.1%	40,1 k €	-19.7%	49,9 k €	+70.4%	29,3 k €	+15.6%	25,3 k €	+262%	7 k €	-74.6%	27,6 k €	-37.4%	44,1 k €	+9.8%	40,1 k €
Net result	48,8 k €	-3.0%	50,3 k €	+85.5%	27,1 k €	-18.3%	33,2 k €	+4.2%	31,8 k €	+73.2%	18,4 k €	+154%	7,2 k €	-67.2%	22,1 k €	-8.0%	24 k €	-20.1%	30 k €	+88.7%	15,9 k €	+8.2%	14,7 k €	+580%	2,2 k €	-86.4%	15,9 k €	-47.1%	30,1 k €	+16.5%	25,8 k €
Balance sheet
Equity	210,9 k €	+17.6%	179,4 k €	+32.8%	135,1 k €	+15.1%	117,4 k €	+8.0%	108,6 k €	-5.6%	115 k €	-16.1%	137,2 k €	+4.4%	131,4 k €	+20.2%	109,4 k €	+28.1%	85,4 k €	+5.6%	80,9 k €	+24.5%	65 k €	+29.3%	50,3 k €	+4.5%	48,1 k €	-22.6%	62,2 k €	+94.0%	32 k €
Total assets	243,8 k €	+23.0%	198,2 k €	+13.2%	175 k €	+0.6%	174 k €	+1.8%	170,9 k €	-6.7%	183,2 k €	+4.3%	175,7 k €	+7.9%	162,8 k €	+7.3%	151,8 k €	-10.4%	169,5 k €	+22.6%	138,3 k €	+5.6%	131 k €	-5.5%	138,5 k €	-16.8%	166,6 k €	+105%	81,5 k €	+67.7%	48,6 k €
Cash	167,7 k €	+40.8%	119,2 k €	+46.6%	81,3 k €	-3.3%	84,1 k €	+17.1%	71,8 k €	+6.8%	67,3 k €	+72.6%	39 k €	-26.6%	53,1 k €	-4.1%	55,3 k €	-32.4%	81,9 k €	+29.9%	63 k €	+31.8%	47,8 k €	-20.7%	60,3 k €	-28.4%	84,2 k €	+20.1%	70,1 k €	+47.3%	47,6 k €
Debts	32,8 k €	+83.7%	17,9 k €	-42.7%	31,2 k €	-21.2%	39,6 k €	-14.8%	46,4 k €	-15.5%	55 k €	+113%	25,8 k €	-17.8%	31,4 k €	-25.8%	42,3 k €	-49.7%	84,1 k €	+46.5%	57,4 k €	-13.0%	66 k €	-24.9%	87,9 k €	-25.6%	118,1 k €	+514%	19,2 k €	+19.3%	16,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

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

Active mandates

Bert Vangoidsenhoven

Director

Active

Ended mandates

Bert Vangoidsenhoven

Mandate

Ended

Bert Vangoidsenhoven

Manager

Ended

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	01/06/2026	03/06/2025	04/06/2024	31/05/2023	10/06/2022	04/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	01/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	03/06/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	04/06/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	31/05/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	10/06/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	04/06/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	17/06/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	02/08/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	05/07/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	08/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	15/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	18/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	11/07/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	20/06/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	22/06/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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

Bert Vangoidsenhoven

Director

Active

Ended mandates

Bert Vangoidsenhoven

Mandate

Ended

Bert Vangoidsenhoven

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202548,8 k €↓
2024
Annual accounts 202450,3 k €↑
2023
Annual accounts 202327,1 k €↓
2022
Annual accounts 202233,2 k €↑
2021
Annual accounts 202131,8 k €↑
2020
Annual accounts 202018,4 k €↑
2019
Annual accounts 20197,2 k €↓
2018
Annual accounts 201822,1 k €↓
2017
Annual accounts 201724 k €↓
2016
Annual accounts 201630 k €↑
2015
Annual accounts 201515,9 k €↑
2014
Annual accounts 201414,7 k €↑
2013
Annual accounts 20132,2 k €↓
2012
Annual accounts 201215,9 k €↓
2011
Annual accounts 201130,1 k €↑
2010
Annual accounts 201025,8 k €
30/06/2009
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

VGH SOFTWARE

Overview

What does VGH SOFTWARE do?

Trend over 16 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

Similar companies

Similar companies

Timeline