ACTIVE

FLEMISH INVESTMENT VEHICLE

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Financial year 2025 · closed on 31/12/2025

Net result

-7,9 k €

+82.4% YoY

Gross margin

14,7 k €

+165.5% YoY

Equity

720,1 k €

-1.1% YoY

Workforce

0,0 ETP

What does FLEMISH INVESTMENT VEHICLE do?

FLEMISH INVESTMENT VEHICLE is a Private limited company incorporated in 2011. Its main activity is: Management consultancy activities. Its registered office is in Koksijde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0841.292.381

Incorporation

24/11/2011

Legal form

Private limited company

Registered office

Zeedijk (Odk) 449 box 602
8670 Koksijde · FlandreSee on map

Contributed capital

160 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

Solid equityPositive EBITDA

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Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	14,7 k €	+166%	-22,5 k €	-112%	184,2 k €	+19.3%	154,5 k €	+35.4%	114,1 k €	-12.0%	129,7 k €	+314%	31,3 k €	-76.3%	132,2 k €	+26628%	-498,2 €	-112%	4,3 k €	+540%	-972,4 €	-104%	22,1 k €	+408%	4,4 k €	+419%	-1,4 k €
EBITDA	10,3 k €	+140%	-26 k €	-114%	181 k €	+20.3%	150,4 k €	+36.0%	110,6 k €	-11.1%	124,4 k €	+309%	30,4 k €	-76.8%	131,2 k €	+9048%	-1,5 k €	-144%	3,3 k €	+270%	-1,9 k €	-109%	21,7 k €	+443%	4 k €	+334%	-1,7 k €
Operating result	7,1 k €	+124%	-29,5 k €	-117%	177,4 k €	+20.7%	147 k €	+34.1%	109,7 k €	-11.8%	124,3 k €	+309%	30,4 k €	-76.8%	131,2 k €	+9048%	-1,5 k €	-144%	3,3 k €	+270%	-1,9 k €	-109%	21,7 k €	+443%	4 k €	+334%	-1,7 k €
Net result	-7,9 k €	+82.4%	-44,9 k €	-120%	220,6 k €	+19.0%	185,3 k €	+12.8%	164,3 k €	+94.7%	84,4 k €	+312%	20,5 k €	-79.3%	98,9 k €	+2430%	-4,2 k €	-817%	591,9 €	+108%	-7,2 k €	+93.8%	-116,7 k €	-718%	-14,3 k €	+25.6%	-19,2 k €
Balance sheet
Equity	720,1 k €	-1.1%	728 k €	-5.8%	772,9 k €	+39.9%	552,3 k €	+50.5%	367 k €	+81.0%	202,7 k €	+71.3%	118,3 k €	-90.9%	1,3 M €	+8.3%	1,2 M €	-0.4%	1,2 M €	+0.0%	1,2 M €	-0.6%	1,2 M €	-8.8%	1,3 M €	+22722%	5,8 k €
Total assets	1,3 M €	-0.3%	1,4 M €	+0.6%	1,3 M €	-2.9%	1,4 M €	-17.8%	1,7 M €	+12.8%	1,5 M €	+7.1%	1,4 M €	+1.6%	1,4 M €	+2.7%	1,3 M €	-0.4%	1,3 M €	+0.4%	1,3 M €	-0.6%	1,3 M €	-27.0%	1,8 M €	+266%	503,5 k €
Cash	118,8 €	-81.8%	651,9 €		–		283,9 €	-30.2%	406,5 €	-88.1%	3,4 k €	-24.2%	4,5 k €	+52.3%	3 k €	+566%	444,5 €	-16.4%	531,6 €	-6.4%	568,1 €	-11.3%	640,3 €	-63.7%	1,8 k €	-41.6%	3 k €
Debts	628,9 k €	+0.7%	624,4 k €	+9.2%	571,6 k €	-31.3%	832,2 k €	-36.8%	1,3 M €	+2.1%	1,3 M €	+1.2%	1,3 M €	+1635%	73,5 k €	-45.1%	133,9 k €	-1.0%	135,2 k €	+5.5%	128,1 k €	+0.9%	127 k €	-74.6%	499,4 k €	+3.8%	481,1 k €
Other
Workforce	0,0 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 · 1 ended

Active mandates

Karina Van Keer

Director · since 11 mai 2020

Active

Kurt Moons

Director · since 22 novembre 2011

Active

Ended mandates

Kurt Moons

Manager · since 22 novembre 2011

Ended

At this address

Other companies at this address

Company	CBE no.
AdVIMO● Active	0452.558.745

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	31/08/2026	28/08/2025	30/09/2024	08/10/2023	24/10/2022	31/10/2021
General meeting	11/05/2026	12/05/2025	13/05/2024	08/05/2023	09/05/2022	10/05/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	11/05/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	12/05/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	13/05/2024	30/09/2024	Dutch	PDF
Abridged model	31/12/2022	08/05/2023	08/10/2023	Dutch	PDF
Abridged model	31/12/2021	09/05/2022	24/10/2022	Dutch	PDF
Abridged model	31/12/2020	10/05/2021	31/10/2021	Dutch	PDF
Abridged model	31/12/2019	11/05/2020	17/10/2020	Dutch	PDF
Abridged model	31/12/2018	13/05/2019	30/07/2019	Dutch	PDF
Abridged model	31/12/2017	14/05/2018	29/09/2018	Dutch	PDF
Abridged model	31/12/2016	08/05/2017	27/07/2017	Dutch	PDF
Abridged model	31/12/2015	09/05/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	11/05/2015	15/07/2015	Dutch	PDF
Abridged model	31/12/2013	12/05/2014	17/08/2014	Dutch	PDF
Abridged model	31/12/2012	13/05/2013	31/07/2013	Dutch	PDF

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 · 1 ended

Active mandates

Karina Van Keer

Director · since 11 mai 2020

Active

Kurt Moons

Director · since 22 novembre 2011

Active

Ended mandates

Kurt Moons

Manager · since 22 novembre 2011

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office20/12/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares13/01/2020
WIJZIGING RECHTSVORM - BENAMING - KAPITAAL - AANDELEN
PDF
Restructuring20/08/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares19/02/2014
KAPITAAL - AANDELEN
PDF
Other06/12/2011
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, 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

2025
Annual accounts 2025-7,9 k €↑
2024
Annual accounts 2024-44,9 k €↓
2023
Annual accounts 2023220,6 k €↑
2022
Annual accounts 2022185,3 k €↑
2021
Annual accounts 2021164,3 k €↑
2020
Annual accounts 202084,4 k €↑
2019
Annual accounts 201920,5 k €↓
2018
Annual accounts 201898,9 k €↑
2017
Annual accounts 2017-4,2 k €↓
2016
Annual accounts 2016591,9 €↑
2015
Annual accounts 2015-7,2 k €↑
2014
Annual accounts 2014-116,7 k €↓
2013
Annual accounts 2013-14,3 k €↑
2012
Annual accounts 2012-19,2 k €
24/11/2011
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

FLEMISH INVESTMENT VEHICLE

Overview

What does FLEMISH INVESTMENT VEHICLE do?

Trend over 14 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline