ACTIVE

VH-PROJECTS

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Financial year 2025 · closed on 31/12/2025
Net result
53,9 k €
+182.2% YoY
Gross margin
92,7 k €
+156.3% YoY
Equity
96,1 k €
+127.8% YoY

What does VH-PROJECTS do?

VH-PROJECTS is a Private limited company incorporated in 2011. Its main activity is: Specialised construction activities. Its registered office is in Pelt.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0833.175.659
Incorporation
26/01/2011
Legal form
Private limited company
Registered office
Zwamstraat 30
3900 Pelt · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
43410Specialised construction activities· main43910Roofing activities41001Construction of buildings41201Construction of residential and non-residential buildings43320Joinery installation43320Joinery installation
Joint committees (1)
  • 302
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220212020201920182017201620152014201320122011
Income statement
Gross margin92,7 k €36,1 k €-2,2 k €-2,7 k €4,6 k €30,3 k €74,9 k €0 €-1,1 k €-16,4 k €107,1 k €69,9 k €0 €-12,3 k €2,4 k €
EBITDA89,9 k €34,6 k €-2,6 k €-3,1 k €4,2 k €29,9 k €74,5 k €-409,5 €-1,5 k €-43,9 k €11,8 k €-18 k €-437,6 €-13,4 k €746,3 €
Operating result85,6 k €31,7 k €-2,6 k €-3,1 k €4,2 k €29,9 k €74,5 k €-409,5 €-1,5 k €-43,9 k €-2 k €-31,2 k €-437,6 €-13,4 k €-486,1 €
Net result53,9 k €19,1 k €-3 k €-3,4 k €3,9 k €29,7 k €74,5 k €-409,5 €-1,5 k €-44 k €-3,5 k €-32,7 k €-437,6 €-13,9 k €-637,9 €
Balance sheet
Equity96,1 k €42,2 k €23,1 k €26,1 k €29,5 k €25,7 k €-4,1 k €-78,5 k €-78,1 k €-76,6 k €-32,6 k €-29 k €469 €-8,3 k €5,6 k €
Total assets234,6 k €168,9 k €69,9 k €112,2 k €112,7 k €140 k €92,6 k €20,5 €20,5 €325,5 €65,9 k €103,5 k €469 €4,4 k €11,5 k €
Cash461,5 €0 €6,6 €0,3 €1,2 €18,2 €6,5 €20,5 €20,5 €325,5 €2,3 k €13,4 k €469 €469 €5,8 k €
Debts138,5 k €103,9 k €23,9 k €86 k €83,1 k €114,4 k €96,7 k €78,6 k €78,1 k €76,9 k €98,5 k €132,5 k €0 €12,7 k €5,9 k €
Other
Workforce––––––––––3,0 ETP3,6 ETP–––
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Sabine Hoogsteder

Director · since 29 avril 2024

Active
Tom Vangeneugden

Director · since 31 janvier 2024

Active

Ended mandates

Luc Debois

Director · since 27 décembre 2019

Ended
Luc Debois

Director · since 28 mai 2018 · until 31 janvier 2024

Ended
Luc Debois

Manager · since 28 mai 2018

Ended
Luc DEBOIS

Director · since 28 mai 2018

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/07/202609/09/202531/07/202411/07/202331/08/202224/06/2021
General meeting30/06/202626/08/202528/06/202419/06/202330/08/202221/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/06/202630/07/2026DutchPDF
Micro model31/12/202426/08/202509/09/2025DutchPDF
Micro model31/12/202328/06/202431/07/2024DutchPDF
Micro model31/12/202219/06/202311/07/2023DutchPDF
Micro model31/12/202130/08/202231/08/2022DutchPDF
Micro model31/12/202021/06/202124/06/2021DutchPDF
Micro model31/12/201915/06/202007/07/2020DutchPDF
Micro model31/12/201828/06/201926/07/2019DutchPDF
Micro model31/12/201720/09/201825/09/2018DutchPDF
Micro model31/12/201619/06/201730/08/2017DutchPDF
Abridged model31/12/201520/06/201628/08/2016DutchPDF
Abridged model31/12/201415/06/201528/08/2015DutchPDF
Abridged model31/12/201316/06/201428/08/2014DutchPDF
Abridged model31/12/201217/06/201331/08/2013DutchPDF
Abridged model31/12/201118/06/201220/09/2012DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 9 ended

Active mandates

Sabine Hoogsteder

Director · since 29 avril 2024

Active
Tom Vangeneugden

Director · since 31 janvier 2024

Active

Ended mandates

Luc Debois

Director · since 27 décembre 2019

Ended
Luc Debois

Director · since 28 mai 2018 · until 31 janvier 2024

Ended
Luc Debois

Manager · since 28 mai 2018

Ended
Luc DEBOIS

Director · since 28 mai 2018

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/06/2024
    BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/04/2024
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/01/2020
    WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/08/2018
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office12/12/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates13/01/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office11/12/2013
    BENAMING - MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates23/04/2012
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 202553,9 k €↑
  2. 2024
    Annual accounts 202419,1 k €↑
  3. 2023
    Annual accounts 2023-3 k €↑
  4. 2023
    Name changeVH-Projects
  5. 2022
    Annual accounts 2022-3,4 k €↓
  6. 2021
    Annual accounts 20213,9 k €↓
  7. 2021
    Name changeVIRTUAL THEME PARK
  8. 2020
    Annual accounts 202029,7 k €↓
  9. 2019
    Annual accounts 201974,5 k €↑
  10. 2018
    Annual accounts 2018-409,5 €↑
  11. 2017
    Annual accounts 2017-1,5 k €↑
  12. 2016
    Annual accounts 2016-44 k €↓
  13. 2015
    Annual accounts 2015-3,5 k €↑
  14. 2014
    Annual accounts 2014-32,7 k €↓
  15. 2013
    Annual accounts 2013-437,6 €↑
  16. 2012
    Annual accounts 2012-13,9 k €↓
  17. 2011
    Annual accounts 2011-637,9 €
  18. 26/01/2011
    IncorporationPrivate limited company