ACTIVE

VAPHARAL

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Financial year 2025 · Closed on 30/06/2025

Net result1,3 M €-88,1 %over 1 year
Gross margin-11,3 k €-28,2 %over 1 year
Equity132,5 M €+1,0 %over 1 year
Workforce0,0 ETP

Identity

Source · BCE/KBO

VAPHARAL is a Public limited company incorporated in 2010. Its registered office is in La Hulpe.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0821.961.865
Incorporation
05/01/2010
Legal form
Public limited company
Registered office
Avenue Reine Astrid 92
1310 La Hulpe · WallonieSee on map
Contributed capital
59 470 000,00 €
Latest accounts
30/06/2025
Average workforce
0,0 ETP
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 16 filings

Trend over 14 financial years

20252024202320222019
Income statement
Gross margin-11,3 k €-8,8 k €-10,1 k €-6,7 k €–
EBITDA-58,2 k €-38,8 k €-41,3 k €-44,1 k €-26,4 k €
Operating result-58,2 k €-38,8 k €-41,3 k €-44,1 k €-26,4 k €
Net result1,3 M €10,8 M €1,8 M €-473,3 k €5,3 M €
Balance sheet
Equity132,5 M €131,2 M €120,5 M €119,8 M €102,8 M €
Total assets132,5 M €132,4 M €121,7 M €121,1 M €104,1 M €
Cash2,1 M €1,7 M €1,4 M €693,4 k €24,8 k €
Debts4,4 k €1,1 M €1,2 M €1,3 M €1,3 M €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP––

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

3 active · 1 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Antoine Cornet de Ways-Ruart
Director17/12/2020 → 15/09/2026
Céline Cornet de Ways-Ruart
Director17/12/2020 → 15/09/2026
Maxime Cornet de Ways-Ruart
Director17/12/2020 → 15/09/2026

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Celarvath SPRL0821.207.938Represented by Céline Cornet de Ways-Ruart
Manager05/01/2010 → 2019 accountsDirector05/01/2010 → 2020 accounts

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Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelFull model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date19/01/202611/12/202418/10/202329/12/202217/01/202228/12/2020
General meeting23/12/202526/11/202421/09/202315/09/202216/09/202117/09/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 16 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202523/12/202519/01/2026FrenchPDF
Abridged model30/06/202426/11/202411/12/2024FrenchPDF
Abridged model30/06/202321/09/202318/10/2023FrenchPDF
Abridged model30/06/202215/09/202229/12/2022FrenchPDF
Abridged model30/06/202116/09/202117/01/2022FrenchPDF
Full model30/06/202017/09/202028/12/2020FrenchPDF
Full model30/06/201919/09/201931/10/2019FrenchPDF
Abridged model30/06/201823/10/201831/10/2018FrenchPDF
Abridged model30/06/201716/10/201731/10/2017FrenchPDF
Abridged model30/06/201615/09/201609/11/2016FrenchPDF
Abridged model30/06/201501/09/201520/11/2015FrenchPDF
Abridged model30/06/201418/09/201406/11/2014FrenchPDF
Abridged model30/06/201319/09/201317/01/2014FrenchPDF
Abridged model30/06/201220/09/201207/12/2012FrenchPDF
Abridged model30/06/201115/09/201110/11/2011FrenchPDF
Abridged model30/06/201016/09/201016/12/2010FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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.

Board of directors

Source · NBB, accounts to 30/06/2025

3 active · 1 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Antoine Cornet de Ways-Ruart
Director17/12/2020 → 15/09/2026
Céline Cornet de Ways-Ruart
Director17/12/2020 → 15/09/2026
Maxime Cornet de Ways-Ruart
Director17/12/2020 → 15/09/2026

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Celarvath SPRL0821.207.938Represented by Céline Cornet de Ways-Ruart
Manager05/01/2010 → 2019 accountsDirector05/01/2010 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates24/12/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares30/06/2017
    CAPITAL, ACTIONS
    PDF
  • Registered office10/06/2015
    SIEGE SOCIAL
    PDF
  • Mandates27/01/2011
    DEMISSIONS, NOMINATIONS - DIVERS
    PDF
  • Other14/01/2010
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings14 filings
Mandates
Antoine Cornet de Ways-Ruart
Maxime Cornet de Ways-Ruart
Céline Cornet de Ways-Ruart
Celarvath SPRL
20102011201220132014201520162017201820192020202120222023202420252026
VAPHARAL
Avenue Reine Astrid 92, 1310 La Hulpe
Director
Director
Director
ManagerDirector
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Avenue Reine Astrid 92, 1310 La HulpeCurrent
accounts 2022 → 2025
Accounts 2025 · 2026-00010258

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
VAPHARALCurrent
accounts 2022 → 2025
Accounts 2025 · 2026-00010258

Events

  1. 2025
    Annual accounts 20251,3 M €↓
  2. 2024
    Annual accounts 202410,8 M €↑
  3. 2023
    Annual accounts 20231,8 M €↑
  4. 2022
    Annual accounts 2022-473,3 k €↓
  5. 2019
    Annual accounts 20195,3 M €↓
  6. 2018
    Annual accounts 201811,8 M €↑
  7. 2017
    Annual accounts 20174,6 M €↑
  8. 2016
    Annual accounts 20161,5 M €↓
  9. 2015
    Annual accounts 20151,9 M €↑
  10. 2014
    Annual accounts 20141 M €↓
  11. 2013
    Annual accounts 20133,5 M €↓
  12. 2012
    Annual accounts 201213 M €↑
  13. 2011
    Annual accounts 20111,2 M €↑
  14. 2010
    Annual accounts 2010692,1 k €
  15. 05/01/2010
    IncorporationPublic limited company