ACTIVE

VITHE

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Financial year 2025 · closed on 31/12/2025

Net result

294,4 k €

-87.0% YoY

Gross margin

523,7 k €

+36.4% YoY

Equity

3,5 M €

+6.0% YoY

What does VITHE do?

VITHE is a Private limited company incorporated in 2004. Its main activity is: Management consultancy activities. Its registered office is in Ronse.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.498.858

Incorporation

07/01/2004

Legal form

Private limited company

Registered office

Chaussée d'Ellezelles 599
9600 Ronse · FlandreSee on map

Contributed capital

25 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 47690Retail sale of cultural and recreation goods in specialised stores 47787Other retail sale of new goods in specialised stores 47791Retail sale of second-hand goods in stores+7

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	523,7 k €	+36.4%	383,8 k €	-11.5%	433,8 k €	+9.4%	396,7 k €	+96.0%	202,4 k €	-30.2%	290,1 k €	+24.0%	233,9 k €	+4.3%	224,2 k €	+23.4%	181,8 k €	+5.2%	172,8 k €	-0.4%	173,4 k €	+22.2%	141,9 k €	+2.2%	138,9 k €	-7.6%	150,3 k €	-13.8%	174,3 k €	+156%	68,1 k €	-42.9%	119,1 k €	+6.6%	111,7 k €	+77.5%	62,9 k €
EBITDA	520,9 k €	+37.0%	380,3 k €	-11.7%	430,5 k €	+9.3%	393,8 k €	+97.4%	199,5 k €	-30.5%	287,0 k €	+24.7%	230,1 k €	+4.5%	220,2 k €	+22.7%	179,4 k €	+4.9%	171,0 k €	-0.6%	172,1 k €	+23.3%	139,6 k €	+2.2%	136,6 k €	-7.9%	148,4 k €	-14.2%	173,0 k €	+163%	65,9 k €	-43.7%	117,1 k €	+6.3%	110,2 k €	+76.7%	62,4 k €
Operating result	493,6 k €	+37.9%	358,0 k €	-13.8%	415,3 k €	+10.5%	375,9 k €	+121%	170,1 k €	-34.3%	259,1 k €	+28.4%	201,8 k €	+6.9%	188,8 k €	+20.7%	156,4 k €	+3.4%	151,3 k €	-3.5%	156,7 k €	+25.7%	124,7 k €	+2.8%	121,2 k €	-11.8%	137,5 k €	-16.9%	165,4 k €	+185%	58,0 k €	-46.0%	107,6 k €	+4.8%	102,6 k €	+85.3%	55,4 k €
Net result	294,4 k €	-87.0%	2,3 M €	+720%	276,3 k €	+11.5%	247,7 k €	+126%	109,4 k €	-87.7%	888,0 k €	+144%	364,0 k €	+119%	166,2 k €	+103%	81,9 k €	+4.7%	78,2 k €	-10.2%	87,1 k €	+24.1%	70,2 k €	+2.3%	68,6 k €	-11.5%	77,5 k €	-25.4%	103,9 k €	+232%	31,3 k €	-51.5%	64,7 k €	-1.5%	65,7 k €	+81.7%	36,1 k €
Balance sheet
Equity	3,5 M €	+6.0%	3,3 M €	+70.2%	2,0 M €	-4.3%	2,1 M €	+4.1%	2,0 M €	-2.2%	2,0 M €	+78.8%	1,1 M €	+47.7%	763,0 k €	+27.9%	596,8 k €	+15.9%	514,9 k €	+17.9%	436,6 k €	+24.9%	349,5 k €	+34.2%	260,5 k €	+35.7%	191,9 k €	+67.8%	114,4 k €	-56.1%	260,5 k €	+13.7%	229,2 k €	+39.3%	164,5 k €	+66.4%	98,8 k €
Total assets	5,2 M €	+5.3%	4,9 M €	+92.8%	2,5 M €	+0.8%	2,5 M €	+13.5%	2,2 M €	+1.7%	2,2 M €	+64.1%	1,3 M €	+12.5%	1,2 M €	+23.4%	957,8 k €	+4.1%	919,6 k €	-7.5%	993,9 k €	+57.6%	630,8 k €	+8.0%	584,1 k €	+14.0%	512,4 k €	+22.6%	418,0 k €	+19.6%	349,5 k €	+0.3%	348,4 k €	+17.6%	296,1 k €	+174%	108,0 k €
Cash	565,9 k €	+141%	234,7 k €	+26.6%	185,4 k €	-49.6%	367,5 k €	+170%	135,9 k €	-2.4%	139,2 k €	+362%	30,1 k €	-79.1%	144,0 k €	-1.2%	145,8 k €	+71.4%	85,1 k €	-57.8%	201,5 k €	+95.9%	102,9 k €	+92.7%	53,4 k €	-0.5%	53,7 k €	-49.3%	105,9 k €	+184%	37,3 k €	+32.8%	28,1 k €	+3.0%	27,3 k €	-60.1%	68,2 k €
Debts	1,6 M €	+1.8%	1,5 M €	+170%	564,3 k €	+23.5%	456,8 k €	+87.6%	243,5 k €	+53.2%	159,0 k €	-19.0%	196,2 k €	-51.5%	404,5 k €	+12.3%	360,1 k €	-11.0%	404,7 k €	-23.9%	532,1 k €	+99.1%	267,2 k €	-13.3%	308,0 k €	-3.8%	320,3 k €	+6.1%	302,0 k €	+243%	88,1 k €	-25.9%	119,0 k €	-9.6%	131,5 k €	+1447%	8,5 k €

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 · 2 active · 2 ended

Active mandates

Anita Thevissen

Director · since 01 janvier 2023

Active

Dirk Vidts

Director · since 07 janvier 2004

Active

Ended mandates

Dirk Vidts

Director · since 31 décembre 2003

Ended

Dirk Vidts

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged model	Micro 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	10/07/2026	15/07/2025	14/06/2024	11/07/2023	07/06/2022	30/08/2021
General meeting	23/06/2026	07/06/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	23/06/2026	10/07/2026	Dutch	PDF
Micro model	31/12/2024	07/06/2025	15/07/2025	Dutch	PDF
Micro model	31/12/2023	01/06/2024	14/06/2024	Dutch	PDF
Abridged model	31/12/2022	03/06/2023	11/07/2023	Dutch	PDF
Abridged model	31/12/2021	04/06/2022	07/06/2022	Dutch	PDF
Micro model	31/12/2020	05/06/2021	30/08/2021	Dutch	PDF
Micro model	31/12/2019	06/06/2020	29/06/2020	Dutch	PDF
Micro model	31/12/2018	01/06/2019	03/07/2019	Dutch	PDF
Micro model	31/12/2017	02/06/2018	25/07/2018	Dutch	PDF
Micro model	31/12/2016	03/06/2017	03/07/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	27/07/2016	Dutch	PDF
Abridged model	31/12/2014	06/06/2015	24/07/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	22/08/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	21/06/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	12/07/2012	Dutch	PDF
Abridged model	31/12/2010	04/06/2011	14/07/2011	Dutch	PDF
Abridged model	31/12/2009	05/06/2010	28/06/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	12/06/2009	Dutch	PDF
Abridged model	31/12/2007	07/06/2008	03/11/2008	Dutch	PDF
Abridged model	31/12/2006	02/06/2007	31/08/2007	Dutch	PDF

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 · 2 active · 2 ended

Active mandates

Anita Thevissen

Director · since 01 janvier 2023

Active

Dirk Vidts

Director · since 07 janvier 2004

Active

Ended mandates

Dirk Vidts

Director · since 31 décembre 2003

Ended

Dirk Vidts

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office11/01/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates14/07/2004
ONTSLAGEN - BENOEMINGEN
PDF
Other15/01/2004
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 2025294,4 k €↓
2024
Annual accounts 20242,3 M €↑
2023
Annual accounts 2023276,3 k €↑
2022
Annual accounts 2022247,7 k €↑
2021
Annual accounts 2021109,4 k €↓
2019
Annual accounts 2019888,0 k €↑
2018
Annual accounts 2018364,0 k €↑
2017
Annual accounts 2017166,2 k €↑
2016
Annual accounts 201681,9 k €↑
2015
Annual accounts 201578,2 k €↓
2014
Annual accounts 201487,1 k €↑
2013
Annual accounts 201370,2 k €↑
2012
Annual accounts 201268,6 k €↓
2011
Annual accounts 201177,5 k €↓
2010
Annual accounts 2010103,9 k €↑
2009
Annual accounts 200931,3 k €↓
2008
Annual accounts 200864,7 k €↓
2007
Annual accounts 200765,7 k €↑
2006
Annual accounts 200636,1 k €
07/01/2004
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

VITHE

Overview

What does VITHE do?

Trend over 19 financial years

Indicative valuation

Board of directors

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