ACTIVE

VITAGEST

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Financial year 2025 · closed on 31/12/2025

Net result

222,5 k €

-22.9% YoY

Gross margin

149,1 k €

-37.2% YoY

Equity

427,9 k €

+0.6% YoY

What does VITAGEST do?

VITAGEST is a Public limited company incorporated in 2004. Its main activity is: Activities of holding companies. Its registered office is in Waimes.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.495.123

Incorporation

10/12/2004

Legal form

Public limited company

Registered office

Rue de la Dîme,Ovifat 5
4950 Waimes · WallonieSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities 64922Other credit granting 64922Other credit granting 65222Reinsurance+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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Recommended credit limit

✦ 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	149,1 k €	-37.2%	237,5 k €	+2.2%	232,3 k €	+14.9%	202,2 k €	-14.6%	236,8 k €	-11.5%	267,6 k €	+135%	113,7 k €	+29.3%	87,9 k €	-28.6%	123,1 k €	-6.9%	132,2 k €	+14.9%	115 k €	+1.7%	113 k €	+5.6%	107,1 k €	+2.2%	104,7 k €	+2.6%	102 k €	-12.1%	116,1 k €	+1.4%	114,5 k €	+77.8%	64,4 k €	-17.7%	78,3 k €	+9.4%	71,6 k €
EBITDA	146,7 k €	-37.6%	235,1 k €	+3.6%	226,9 k €	+13.3%	200,3 k €	-14.5%	234,3 k €	-11.7%	265,5 k €	+141%	110,2 k €	+28.4%	85,8 k €	-28.8%	120,5 k €	-5.1%	126,9 k €	+11.8%	113,5 k €	+3.2%	110 k €	+4.3%	105,5 k €	+2.5%	102,9 k €	+4.7%	98,3 k €	-12.4%	112,2 k €	+0.6%	111,6 k €	+83.5%	60,8 k €	-19.9%	75,9 k €	+15.0%	66 k €
Operating result	135,7 k €	-39.6%	224,6 k €	+2.6%	219,1 k €	+15.2%	190,1 k €	-16.1%	226,5 k €	-11.7%	256,4 k €	+154%	101,1 k €	+29.5%	78 k €	-30.7%	112,7 k €	-4.9%	118,5 k €	+19.6%	99 k €	+4.2%	95 k €	+3.1%	92,2 k €	+2.5%	90 k €	+11.3%	80,8 k €	-13.3%	93,2 k €	-4.7%	97,9 k €	+108%	47 k €	-27.2%	64,6 k €	+29.0%	50,1 k €
Net result	222,5 k €	-22.9%	288,5 k €	+5.2%	274,2 k €	+8.7%	252,3 k €	-13.3%	291 k €	-5.1%	306,5 k €	+74.5%	175,6 k €	+11.0%	158,3 k €	-4.5%	165,8 k €	-12.9%	190,4 k €	-8.5%	208,1 k €	+1.2%	205,6 k €	+33.4%	154,2 k €	+9.0%	141,4 k €	-2.2%	144,6 k €	-14.5%	169,2 k €	+26.8%	133,4 k €	+93.8%	68,8 k €	-11.7%	77,9 k €	+9.5%	71,2 k €
Balance sheet
Equity	427,9 k €	+0.6%	425,4 k €	+19.2%	356,9 k €	+10.6%	322,7 k €	+11.1%	290,4 k €	+16.4%	249,4 k €	+30.2%	191,5 k €	+8.9%	175,9 k €	-14.7%	206,1 k €	-10.0%	228,9 k €	+9.0%	210 k €	+15.5%	181,9 k €	+19.5%	152,3 k €	-3.7%	158,1 k €	-1.6%	160,7 k €	+6.4%	151,1 k €	+14.6%	131,9 k €	+11.3%	118,5 k €	-15.2%	139,6 k €	-0.8%	140,7 k €
Total assets	712,6 k €	-4.8%	748,8 k €	+5.6%	709 k €	+14.1%	621,5 k €	-6.5%	664,5 k €	+6.2%	625,9 k €	+30.1%	481,1 k €	-8.9%	528,2 k €	-5.9%	561,3 k €	+0.9%	556,6 k €	+2.3%	544 k €	+10.1%	494,1 k €	+15.4%	428,2 k €	-2.0%	437,1 k €	-12.9%	501,6 k €	+8.1%	463,8 k €	+26.9%	365,4 k €	+9.3%	334,3 k €	+4.1%	321,2 k €	-2.7%	330,1 k €
Cash	212,4 k €	-26.1%	287,3 k €	+124%	128,4 k €	-25.7%	172,8 k €	+3.0%	167,7 k €	-1.5%	170,3 k €	+92.1%	88,7 k €	-48.0%	170,5 k €	-12.2%	194,3 k €	-16.8%	233,5 k €	-2.9%	240,4 k €	+295%	60,9 k €	-61.5%	158,3 k €	+143%	65,1 k €	-35.4%	100,8 k €	+97.8%	51 k €	-14.7%	59,8 k €	+185%	21 k €	-61.7%	54,9 k €	+61.6%	34 k €
Debts	282,5 k €	-12.1%	321,4 k €	-8.2%	350,2 k €	+18.4%	295,8 k €	-20.6%	372,6 k €	-0.7%	375,1 k €	+30.1%	288,2 k €	-18.0%	351,6 k €	-0.7%	354,1 k €	+8.3%	326,9 k €	-2.1%	334 k €	+7.0%	312,2 k €	+13.1%	275,9 k €	-1.1%	279 k €	-18.1%	340,8 k €	+9.0%	312,7 k €	+34.5%	232,5 k €	+7.7%	215,9 k €	+18.9%	181,5 k €	-4.2%	189,4 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 · 3 active · 25 ended

Active mandates

Dimitri VAN DYCK

Managing director · since 20 août 2024 · until 27 mai 2030

Active

Liliane COLLETTE

Managing director · since 20 août 2024 · until 27 mai 2030

Active

Werner VAN DYCK

Managing director · since 20 août 2024 · until 27 mai 2030

Active

Ended mandates

Dimitri VAN DYCK

Director · since 03 juillet 2023

Ended

Michael VAN DYCK

Director · since 03 juillet 2023

Ended

Dimitri VAN DYCK

Managing director · since 30 mai 2022 · until 29 mai 2028

Ended

Liliane COLLETTE

Director · since 30 mai 2022 · until 29 mai 2028

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	28/05/2026	04/06/2025	03/06/2024	05/06/2023	01/06/2022	01/06/2021
General meeting	26/05/2026	26/05/2025	27/05/2024	30/05/2023	30/05/2022	31/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/05/2026	28/05/2026	French	PDF
Micro modelCorrection	31/12/2024	26/05/2025	04/06/2025	French	PDF
Micro model	31/12/2024	30/05/2025	02/06/2025	French	PDF
Micro model	31/12/2023	27/05/2024	03/06/2024	French	PDF
Micro model	31/12/2022	30/05/2023	05/06/2023	French	PDF
Micro model	31/12/2021	30/05/2022	01/06/2022	French	PDF
Micro model	31/12/2020	31/05/2021	01/06/2021	French	PDF
Micro model	31/12/2019	25/05/2020	04/06/2020	French	PDF
Micro model	31/12/2018	27/05/2019	03/06/2019	French	PDF
Micro model	31/12/2017	28/05/2018	06/06/2018	French	PDF
Abridged model	31/12/2016	29/05/2017	06/06/2017	French	PDF
Abridged model	31/12/2015	30/05/2016	07/06/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	02/06/2015	French	PDF
Abridged model	31/12/2013	26/05/2014	06/06/2014	French	PDF
Abridged model	31/12/2012	28/05/2013	17/06/2013	French	PDF
Abridged model	31/12/2011	29/05/2012	12/06/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	06/06/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	08/06/2010	French	PDF
Abridged model	31/12/2008	27/05/2009	05/06/2009	French	PDF
Abridged model	31/12/2007	28/05/2008	06/06/2008	French	PDF
Abridged model	31/12/2006	29/05/2007	31/05/2007	French	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 · 3 active · 25 ended

Active mandates

Dimitri VAN DYCK

Managing director · since 20 août 2024 · until 27 mai 2030

Active

Liliane COLLETTE

Managing director · since 20 août 2024 · until 27 mai 2030

Active

Werner VAN DYCK

Managing director · since 20 août 2024 · until 27 mai 2030

Active

Ended mandates

Dimitri VAN DYCK

Director · since 03 juillet 2023

Ended

Michael VAN DYCK

Director · since 03 juillet 2023

Ended

Dimitri VAN DYCK

Managing director · since 30 mai 2022 · until 29 mai 2028

Ended

Liliane COLLETTE

Director · since 30 mai 2022 · until 29 mai 2028

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office23/09/2024
ADRESSE AUTRE QUE SIEGE SOCIAL - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates06/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates07/07/2016
DEMISSIONS, NOMINATIONS
PDF
Capital / shares13/12/2012
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates28/07/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates30/06/2010
DEMISSIONS, NOMINATIONS
PDF
Other23/12/2004
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

2025
Annual accounts 2025222,5 k €↓
2024
Annual accounts 2024288,5 k €↑
2024
Name changeMIDIVA
2023
Annual accounts 2023274,2 k €↑
2022
Annual accounts 2022252,3 k €↓
2021
Annual accounts 2021291 k €↓
2021
Name changeVITAGEST
2020
Annual accounts 2020306,5 k €↑
2019
Annual accounts 2019175,6 k €↑
2018
Annual accounts 2018158,3 k €↓
2017
Annual accounts 2017165,8 k €↓
2016
Annual accounts 2016190,4 k €↓
2015
Annual accounts 2015208,1 k €↑
2014
Annual accounts 2014205,6 k €↑
2013
Annual accounts 2013154,2 k €↑
2012
Annual accounts 2012141,4 k €↓
2011
Annual accounts 2011144,6 k €↓
2010
Annual accounts 2010169,2 k €↑
2009
Annual accounts 2009133,4 k €↑
2008
Annual accounts 200868,8 k €↓
2007
Annual accounts 200777,9 k €↑
2006
Annual accounts 200671,2 k €
10/12/2004
IncorporationPublic 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

VITAGEST

Overview

What does VITAGEST 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