ACTIVE

VAHECON

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Financial year 2025 · closed on 31/12/2025

Net result

93,9 k €

-2.2% YoY

Gross margin

145,3 k €

+3.4% YoY

Equity

369,6 k €

-28.0% YoY

What does VAHECON do?

VAHECON is a Private limited company incorporated in 2004. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Bornem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0864.032.349

Incorporation

15/03/2004

Legal form

Private limited company

Registered office

Paardenstraat(MAR) 57
2880 Bornem · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74203Photographic activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	145,3 k €	+3.4%	140,5 k €	+4.1%	135 k €	+5.6%	127,9 k €	-1.1%	129,3 k €	-1.2%	130,9 k €	+31.5%	99,5 k €	+0.3%	99,2 k €	-12.0%	112,7 k €	+7.6%	104,8 k €	-3.4%	108,5 k €	+6.7%	101,7 k €	-16.6%	122 k €	+8.2%	112,8 k €	-2.1%	115,2 k €	-7.2%	124,2 k €	+11.1%	111,8 k €	+34.1%	83,3 k €	+3.6%	80,4 k €	-8.7%	88,1 k €
EBITDA	144,7 k €	+3.5%	139,8 k €	+4.1%	134,3 k €	+5.5%	127,3 k €	-1.1%	128,7 k €	-1.2%	130,3 k €	+32.4%	98,4 k €	+0.3%	98,1 k €	-12.0%	111,5 k €	+11.6%	99,9 k €	-7.3%	107,7 k €	+6.6%	101 k €	-16.0%	120,3 k €	+7.4%	112,1 k €	-1.9%	114,2 k €	-7.0%	122,7 k €	+10.8%	110,7 k €	+35.3%	81,8 k €	+3.8%	78,9 k €	-9.2%	86,8 k €
Operating result	127,3 k €	+3.9%	122,6 k €	+1.8%	120,5 k €	+6.2%	113,4 k €	-8.7%	124,2 k €	-3.3%	128,5 k €	+39.8%	91,9 k €	+0.4%	91,5 k €	-7.0%	98,4 k €	+12.7%	87,3 k €	-5.7%	92,7 k €	+2.2%	90,7 k €	-22.1%	116,4 k €	+15.5%	100,8 k €	-5.3%	106,5 k €	-7.4%	115 k €	+12.0%	102,7 k €	+41.0%	72,9 k €	+4.6%	69,7 k €	-9.4%	76,9 k €
Net result	93,9 k €	-2.2%	96 k €	+13.3%	84,8 k €	+13.3%	74,9 k €	-15.8%	88,9 k €	+3.4%	86 k €	+38.8%	62 k €	+5.0%	59 k €	-3.4%	61,1 k €	+13.8%	53,7 k €	-3.6%	55,7 k €	-16.4%	66,6 k €	-20.9%	84,2 k €	+5.7%	79,6 k €	+2.3%	77,9 k €	-14.0%	90,6 k €	+16.5%	77,7 k €	+27.6%	60,9 k €	+13.6%	53,6 k €	-2.0%	54,7 k €
Balance sheet
Equity	369,6 k €	-28.0%	513,2 k €	+8.2%	474,3 k €	+5.6%	449,1 k €	-7.9%	487,8 k €	-7.7%	528,3 k €	+3.8%	508,9 k €	+13.9%	447 k €	-39.8%	742,3 k €	+9.0%	681,2 k €	+8.6%	627,5 k €	+9.7%	571,8 k €	+13.2%	505,1 k €	+4.5%	483,3 k €	+18.3%	408,7 k €	+7.3%	380,8 k €	+11.9%	340,2 k €	+29.6%	262,5 k €	+27.4%	206,1 k €	+35.1%	152,5 k €
Total assets	691,2 k €	+15.9%	596,5 k €	-25.5%	800,1 k €	+17.6%	680,2 k €	-5.2%	717,6 k €	-3.1%	740,2 k €	+8.8%	680,5 k €	+12.6%	604,1 k €	-31.4%	881,1 k €	+7.7%	818,4 k €	+8.4%	755 k €	+8.1%	698,3 k €	+11.7%	624,9 k €	+11.4%	560,8 k €	+13.3%	494,8 k €	+12.4%	440 k €	+17.4%	374,7 k €	+19.2%	314,4 k €	+5.3%	298,4 k €	+34.2%	222,4 k €
Cash	613,5 k €	+22.2%	502 k €	+54.3%	325,4 k €	-45.4%	596,2 k €	-4.0%	620,7 k €	-13.7%	719,4 k €	+8.3%	664 k €	+14.4%	580,2 k €	-30.9%	839,1 k €	+10.1%	762,1 k €	+9.8%	694,1 k €	+10.8%	626,5 k €	+6.1%	590,5 k €	+18.1%	500 k €	+8.0%	463,1 k €	+16.1%	398,8 k €	+21.9%	327,3 k €	+14.1%	286,9 k €	+7.3%	267,5 k €	+47.8%	180,9 k €
Debts	309,8 k €	+272%	83,3 k €	-73.0%	309,1 k €	+44.9%	213,3 k €	-3.8%	221,7 k €	+8.8%	203,6 k €	+23.8%	164,4 k €	+13.3%	145,2 k €	+9.1%	133,1 k €	-3.0%	137,2 k €	+7.6%	127,5 k €	+0.8%	126,5 k €	+5.6%	119,8 k €	+54.6%	77,5 k €	-10.0%	86,1 k €	+45.3%	59,2 k €	+71.8%	34,5 k €	-33.5%	51,9 k €	-43.8%	92,3 k €	+32.1%	69,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

ALAIN VAN HEMELRIJK

Mandate

Active

Ended mandates

ALAIN VAN HEMELRIJCK

Manager

Ended

ALAIN VAN HEMELRIJK

Director

Ended

ALAIN VAN HEMELRIJK

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	26/05/2026	12/06/2025	11/06/2024	27/06/2023	04/07/2022	21/06/2021
General meeting	02/05/2026	03/05/2025	04/05/2024	06/05/2023	07/05/2022	03/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	02/05/2026	26/05/2026	Dutch	PDF
Micro model	31/12/2024	03/05/2025	12/06/2025	Dutch	PDF
Micro model	31/12/2023	04/05/2024	11/06/2024	Dutch	PDF
Micro model	31/12/2022	06/05/2023	27/06/2023	Dutch	PDF
Micro model	31/12/2021	07/05/2022	04/07/2022	Dutch	PDF
Micro model	31/12/2020	03/05/2021	21/06/2021	Dutch	PDF
Micro model	31/12/2019	02/05/2020	09/06/2020	Dutch	PDF
Micro model	31/12/2018	04/05/2019	17/06/2019	Dutch	PDF
Micro model	31/12/2017	05/05/2018	28/06/2018	Dutch	PDF
Micro model	31/12/2016	06/05/2017	10/07/2017	Dutch	PDF
Abridged model	31/12/2015	07/05/2016	13/07/2016	Dutch	PDF
Abridged model	31/12/2014	02/05/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	03/05/2014	07/07/2014	Dutch	PDF
Abridged model	31/12/2012	04/05/2013	17/07/2013	Dutch	PDF
Abridged model	31/12/2011	05/05/2012	20/08/2012	Dutch	PDF
Abridged model	31/12/2010	07/05/2011	23/08/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	08/07/2010	Dutch	PDF
Abridged model	31/12/2008	02/05/2009	24/08/2009	Dutch	PDF
Abridged model	31/12/2007	03/05/2008	22/08/2008	Dutch	PDF
Abridged model	31/12/2006	05/05/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 3 ended

Active mandates

ALAIN VAN HEMELRIJK

Mandate

Active

Ended mandates

ALAIN VAN HEMELRIJCK

Manager

Ended

ALAIN VAN HEMELRIJK

Director

Ended

ALAIN VAN HEMELRIJK

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares13/04/2018
KAPITAAL - AANDELEN
PDF
Capital / shares21/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other23/03/2004
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 202593,9 k €↓
2024
Annual accounts 202496 k €↑
2023
Annual accounts 202384,8 k €↑
2022
Annual accounts 202274,9 k €↓
2021
Annual accounts 202188,9 k €↑
2020
Annual accounts 202086 k €↑
2019
Annual accounts 201962 k €↑
2018
Annual accounts 201859 k €↓
2017
Annual accounts 201761,1 k €↑
2016
Annual accounts 201653,7 k €↓
2015
Annual accounts 201555,7 k €↓
2014
Annual accounts 201466,6 k €↓
2013
Annual accounts 201384,2 k €↑
2012
Annual accounts 201279,6 k €↑
2011
Annual accounts 201177,9 k €↓
2010
Annual accounts 201090,6 k €↑
2009
Annual accounts 200977,7 k €↑
2008
Annual accounts 200860,9 k €↑
2007
Annual accounts 200753,6 k €↓
2006
Annual accounts 200654,7 k €
15/03/2004
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

VAHECON

Overview

What does VAHECON do?

Trend over 20 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