ACTIVE

TheValueChain

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Financial year 2025 · closed on 31/12/2025
Net result
484,6 k €
+18.1% YoY
Revenue
43,6 M €
-5.8% YoY
Equity
16,7 M €
+3.0% YoY
Workforce
80,6 ETP
-25.7% YoY

What does TheValueChain do?

TheValueChain is a Public limited company incorporated in 2011. Its main activity is: Computer programming activities. Its registered office is in Kontich. It employs on average 80,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0838.023.085
Incorporation
20/07/2011
Legal form
Public limited company
Registered office
Satenrozen 10
2550 Kontich · FlandreSee on map
Contributed capital
5 757 500,00 €
Latest accounts
31/12/2025
Average workforce
80,6 ETP
Activities (NACE)
62010Computer programming activities· main62020Computer consultancy activities62100Computer programming, consultancy and related activities62200Computer programming, consultancy and related activities
Joint committees (2)
  • 100
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202018201720162015201420132012
Income statement
Revenue43,6 M €46,3 M €46,8 M €35,5 M €36,7 M €36,4 M €24,4 M €16,7 M €13,3 M €10,9 M €7,8 M €–3,6 M €
EBITDA1 M €1,1 M €1,3 M €2,4 M €2,8 M €2,7 M €2,1 M €978,3 k €397,1 k €284,9 k €242,8 k €116,9 k €38,4 k €
Operating result904,2 k €1 M €1,3 M €2,4 M €2,8 M €2,6 M €1,9 M €960,3 k €378,1 k €277,5 k €233,1 k €106,9 k €30,2 k €
Net result484,6 k €410,4 k €14,4 M €1,6 M €2 M €1,8 M €1,3 M €656,4 k €114,4 k €100,9 k €96,5 k €32,9 k €876,1 €
Balance sheet
Equity16,7 M €16,2 M €15,3 M €10,8 M €9,2 M €7,2 M €1,8 M €1 M €1 M €316,2 k €215,3 k €148,8 k €115,9 k €
Total assets37,3 M €36,3 M €58,1 M €24,1 M €18 M €16,5 M €13 M €9,8 M €8,6 M €3,5 M €2,3 M €1,8 M €797,3 k €
Cash1 M €1,6 M €1,8 M €1 M €1 M €2,7 M €753,4 k €869,5 k €629,3 k €280,5 k €431,5 k €221,1 k €41,8 k €
Debts18 M €18,1 M €40,4 M €10,3 M €6,9 M €7,8 M €9,6 M €7,3 M €6,2 M €2,5 M €1,8 M €1,5 M €681,4 k €
Other
Workforce80,6 ETP108,5 ETP107,8 ETP97,3 ETP83,9 ETP73,6 ETP57,8 ETP50,2 ETP41,4 ETP34,9 ETP23,6 ETP12,5 ETP7,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 28 ended

Active mandates

GUMPTION

Director · since 03 mai 2018 · until 01 juin 2029 · 0847.610.843

Represented by Bart Embrechts

Active
ONESB

Managing director · since 03 mai 2018 · until 01 juin 2029 · 0837.209.176

Represented by Ivan LEYSEN

Active
INNOVATO

Managing director · until 01 juin 2029 · 0872.838.662

Represented by Dieter Oversteyns

Active

Ended mandates

GUMPTION

Director · since 03 mai 2018 · until 03 mai 2024 · 0847.610.843

Represented by Bart Embrechts

Ended
GUMPTION

Director · since 03 mai 2018 · until 01 juin 2029 · 0847.610.843

Represented by Embrechts BART

Ended
GUMPTION

Director · since 03 mai 2018 · until 03 mai 2024 · 0847.610.843

Represented by Embrechts BART

Ended
ONESB

Director · since 03 mai 2018 · until 01 juin 2029 · 0837.209.176

Represented by Leysen IVAN

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date23/06/202630/06/202527/06/202425/07/202301/08/202223/07/2021
General meeting15/06/202606/06/202507/06/202430/06/202331/07/202225/06/2021
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

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202515/06/202623/06/2026DutchPDF
Abridged model31/12/202406/06/202530/06/2025DutchPDF
Abridged model31/12/202307/06/202427/06/2024DutchPDF
Abridged model31/12/202230/06/202325/07/2023DutchPDF
Abridged model31/12/202131/07/202201/08/2022DutchPDF
Abridged model31/12/202025/06/202123/07/2021DutchPDF
Abridged model31/12/201919/06/202007/07/2020DutchPDF
Abridged model31/12/201807/06/201920/06/2019DutchPDF
Abridged model31/12/201726/03/201829/08/2018DutchPDF
Abridged model31/12/201613/04/201707/06/2017DutchPDF
Abridged model31/12/201503/06/201630/06/2016DutchPDF
Abridged model31/12/201405/06/201524/06/2015DutchPDF
Abridged model31/12/201306/06/201428/07/2014DutchPDF
Abridged model31/12/201207/06/201305/07/2013DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 3 active · 28 ended

Active mandates

GUMPTION

Director · since 03 mai 2018 · until 01 juin 2029 · 0847.610.843

Represented by Bart Embrechts

Active
ONESB

Managing director · since 03 mai 2018 · until 01 juin 2029 · 0837.209.176

Represented by Ivan LEYSEN

Active
INNOVATO

Managing director · until 01 juin 2029 · 0872.838.662

Represented by Dieter Oversteyns

Active

Ended mandates

GUMPTION

Director · since 03 mai 2018 · until 03 mai 2024 · 0847.610.843

Represented by Bart Embrechts

Ended
GUMPTION

Director · since 03 mai 2018 · until 01 juin 2029 · 0847.610.843

Represented by Embrechts BART

Ended
GUMPTION

Director · since 03 mai 2018 · until 03 mai 2024 · 0847.610.843

Represented by Embrechts BART

Ended
ONESB

Director · since 03 mai 2018 · until 01 juin 2029 · 0837.209.176

Represented by Leysen IVAN

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/09/2026
    HERBENOEMING
    PDF
  • Restructuring14/01/2026
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates28/11/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring19/09/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
    PDF
  • Mandates31/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring06/03/2024
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring21/11/2023
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring08/03/2023
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    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. 01/01/2026
    augmentation_capital
  2. 2025
    Annual accounts 2025484,6 k €↑
  3. 2024
    Annual accounts 2024410,4 k €↓
  4. 08/01/2024
    revocationEls Urbanczyk — tekenbevoegdheid
  5. 08/01/2024
    nominationEls Urbancyk — tekenbevoegdheid (ondertekenen inhuurcontracten en arbeidscontracten)
  6. 2023
    Annual accounts 202314,4 M €↑
  7. 2022
    Annual accounts 20221,6 M €↓
  8. 2021
    Annual accounts 20212 M €↑
  9. 2020
    Annual accounts 20201,8 M €↑
  10. 2018
    Annual accounts 20181,3 M €↑
  11. 2017
    Annual accounts 2017656,4 k €↑
  12. 2016
    Annual accounts 2016114,4 k €↑
  13. 2015
    Annual accounts 2015100,9 k €↑
  14. 2014
    Annual accounts 201496,5 k €↑
  15. 2013
    Annual accounts 201332,9 k €↑
  16. 2012
    Annual accounts 2012876,1 €
  17. 20/07/2011
    IncorporationPublic limited company