ACTIVE

VNF HORECA SERVICES

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Financial year 2025 · closed on 31/12/2025
Net result
15,6 k €
-41.9% YoY
Gross margin
132,2 k €
-2.1% YoY
Equity
198,2 k €
-9.8% YoY

What does VNF HORECA SERVICES do?

VNF HORECA SERVICES is a Private limited company incorporated in 2011. Its main activity is: Wholesale of china and glassware and cleaning materials. Its registered office is in Nivelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0840.780.558
Incorporation
03/11/2011
Legal form
Private limited company
Registered office
Avenue Thomas Edison 170
1402 Nivelles · WallonieSee on map
Contributed capital
14 260,00 €
Latest accounts
31/12/2025
Activities (NACE)
46442Wholesale of china and glassware and cleaning materials· main46442Wholesale of china and glassware and cleaning materials46190Agents involved in the sale of a variety of goods46190Agents involved in the sale of a variety of goods82100Office administrative and support activities82110Combined office administrative service activities
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 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin132,2 k €135 k €171,5 k €154,9 k €129,8 k €86,9 k €81,6 k €86,3 k €91,4 k €98 k €63,5 k €51,4 k €11,6 k €10,9 k €
EBITDA37,7 k €45,9 k €85,1 k €83,5 k €115,5 k €50,9 k €21,6 k €3 k €28,7 k €45,7 k €27,4 k €21 k €1,8 k €10,1 k €
Operating result24,2 k €41,1 k €72,7 k €81,4 k €115,5 k €50,1 k €8,8 k €-9,6 k €19,9 k €37,7 k €15,6 k €7,8 k €-3,4 k €8,3 k €
Net result15,6 k €26,7 k €50,8 k €53,8 k €90 k €38,3 k €3,6 k €-11,3 k €8 k €20,5 k €6,9 k €5,2 k €-4 k €6,2 k €
Balance sheet
Equity198,2 k €219,6 k €213,9 k €184 k €170,3 k €80,2 k €47,3 k €43,8 k €55,1 k €47,1 k €26,6 k €19,7 k €14,5 k €18,6 k €
Total assets269,2 k €292 k €292,3 k €297,3 k €239,1 k €161,3 k €154,5 k €162,9 k €194,5 k €199,2 k €159,3 k €110,5 k €117,6 k €53,4 k €
Cash61,7 k €70 k €86,9 k €147,2 k €135,5 k €47,7 k €25,5 k €9,5 k €7,5 k €51,2 k €27 k €22,1 k €27,4 k €6,2 k €
Debts71 k €72,4 k €78,4 k €113,2 k €68,8 k €81,1 k €107,2 k €119,1 k €139,4 k €152,1 k €132,7 k €90,9 k €103 k €34,8 k €
Other
Workforce–––––––––3,5 ETP3,1 ETP1,0 ETP0,5 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 · 1 active · 5 ended

Active mandates

David Palm

Director

Active

Ended mandates

DAVID PALM

Mandate · since 01 juillet 2013

Ended
MICHEL DITORE

Mandate · since 01 juillet 2013

Ended
AGNES COLARD

Mandate · since 14 octobre 2011

Ended
David Palm

Mandate

Ended
At this address

Other companies at this address

CompanyCBE no.
PADAC IMMO● Active
0672.724.296
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 date11/06/202624/06/202528/06/202408/07/202311/10/202220/05/2021
General meeting11/06/202624/06/202524/06/202430/06/202330/06/202220/05/2021
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
Micro model31/12/202511/06/202611/06/2026FrenchPDF
Micro model31/12/202424/06/202524/06/2025FrenchPDF
Micro model31/12/202324/06/202428/06/2024FrenchPDF
Micro model31/12/202230/06/202308/07/2023FrenchPDF
Micro model31/12/202130/06/202211/10/2022FrenchPDF
Micro model31/12/202020/05/202120/05/2021FrenchPDF
Micro model31/12/201930/06/202008/07/2020FrenchPDF
Micro model31/12/201830/06/201930/10/2019FrenchPDF
Abridged model31/12/201711/05/201829/08/2018FrenchPDF
Abridged model31/12/201612/05/201730/08/2017FrenchPDF
Abridged model31/12/201529/06/201604/07/2016FrenchPDF
Abridged model31/12/201429/06/201530/06/2015FrenchPDF
Abridged model31/12/201321/05/201404/06/2014FrenchPDF
Abridged model31/12/201210/05/201325/06/2013FrenchPDF
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 · 1 active · 5 ended

Active mandates

David Palm

Director

Active

Ended mandates

DAVID PALM

Mandate · since 01 juillet 2013

Ended
MICHEL DITORE

Mandate · since 01 juillet 2013

Ended
AGNES COLARD

Mandate · since 14 octobre 2011

Ended
David Palm

Mandate

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates07/12/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates15/07/2013
    DEMISSIONS, NOMINATIONS
    PDF
  • Other16/11/2011
    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

Timeline

  1. 2025
    Annual accounts 202515,6 k €↓
  2. 2024
    Annual accounts 202426,7 k €↓
  3. 2023
    Annual accounts 202350,8 k €↓
  4. 2022
    Annual accounts 202253,8 k €↓
  5. 2021
    Annual accounts 202190 k €↑
  6. 2020
    Annual accounts 202038,3 k €↑
  7. 2019
    Annual accounts 20193,6 k €↑
  8. 2018
    Annual accounts 2018-11,3 k €↓
  9. 2017
    Annual accounts 20178 k €↓
  10. 2016
    Annual accounts 201620,5 k €↑
  11. 2015
    Annual accounts 20156,9 k €↑
  12. 2014
    Annual accounts 20145,2 k €↑
  13. 2013
    Annual accounts 2013-4 k €↓
  14. 2012
    Annual accounts 20126,2 k €
  15. 03/11/2011
    IncorporationPrivate limited company