ACTIVE

VANCODECO

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Financial year 2025 · closed on 30/09/2025

Net result

-27,6 k €

-111.8% YoY

Gross margin

321,2 k €

+8.5% YoY

Equity

1,1 M €

-6.9% YoY

What does VANCODECO do?

VANCODECO is a Private limited company incorporated in 2005. Its main activity is: Specialist medical practice activities. Its registered office is in Dinant.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0875.400.749

Incorporation

03/08/2005

Legal form

Private limited company

Registered office

Rue Saint-Rémy 31
5503 Dinant · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

30/09/2025

Activities (NACE)

86220Specialist medical practice activities· main 86220Specialist medical practice activities

Signals

Solid equityLow riskGood liquidityPositive 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		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	321,2 k €	+8.5%	296 k €	+1.3%	292,3 k €	+42.7%	204,8 k €	-25.3%	274,1 k €	+77.4%	154,5 k €	-27.7%	213,8 k €	+17.0%	182,7 k €	-21.1%	231,6 k €	+47.0%	157,6 k €	-28.7%	221 k €	+31.6%	167,9 k €	+59.7%	105,2 k €	+17.8%	89,3 k €	-27.4%	123 k €	-28.2%	171,2 k €	+8.0%	158,5 k €	-0.1%	158,8 k €	+89.0%	84 k €
EBITDA	278,9 k €	-4.8%	293 k €	+1.2%	289,5 k €	+43.8%	201,4 k €	-26.0%	272,2 k €	+80.4%	150,8 k €	-28.8%	211,8 k €	+18.2%	179,2 k €	-21.1%	227,1 k €	+46.0%	155,6 k €	-29.0%	219,1 k €	+31.8%	166,3 k €	+59.8%	104 k €	+18.1%	88,1 k €	-28.3%	122,9 k €	-28.2%	171,1 k €	+8.0%	158,5 k €	-0.1%	158,7 k €	+89.0%	84 k €
Operating result	38,7 k €	-91.0%	431,1 k €	+338%	98,4 k €	-47.1%	185,9 k €	-24.8%	247,2 k €	+86.6%	132,5 k €	-31.7%	193,9 k €	+21.4%	159,7 k €	-24.9%	212,7 k €	+57.9%	134,7 k €	-32.3%	199 k €	+35.8%	146,6 k €	+52.0%	96,4 k €	+33.4%	72,3 k €	-22.8%	93,7 k €	-30.4%	134,6 k €	+10.5%	121,9 k €	-1.0%	123,1 k €	+200%	41 k €
Net result	-27,6 k €	-112%	233,4 k €	+566%	35 k €	-79.4%	170,1 k €	-6.2%	181,2 k €	+64.7%	110,1 k €	-19.0%	135,9 k €	+27.2%	106,8 k €	-21.9%	136,9 k €	+36.7%	100,1 k €	-33.8%	151,2 k €	+35.8%	111,3 k €	+53.7%	72,4 k €	+137%	30,5 k €	-51.6%	63,1 k €	-42.6%	109,8 k €	+19.9%	91,6 k €	-10.3%	102,1 k €	+179%	36,6 k €
Balance sheet
Equity	1,1 M €	-6.9%	1,2 M €	+16.5%	1 M €	-0.5%	1 M €	+10.8%	927,7 k €	-7.9%	1 M €	+12.3%	897,6 k €	+17.8%	761,7 k €	-23.9%	1 M €	+15.8%	863,7 k €	+13.1%	763,6 k €	+24.7%	612,4 k €	+13.5%	539,6 k €	+15.5%	467,2 k €	+7.0%	436,7 k €	+16.9%	373,6 k €	+41.6%	263,7 k €	+37.3%	192,1 k €	+74.6%	110 k €
Total assets	1,5 M €	+3.3%	1,4 M €	-9.5%	1,6 M €	+5.2%	1,5 M €	+12.9%	1,3 M €	+19.9%	1,1 M €	+13.8%	970,3 k €	+24.6%	778,9 k €	-24.2%	1 M €	+11.8%	919,3 k €	+9.6%	838,9 k €	+21.4%	690,8 k €	+19.7%	576,9 k €	+16.7%	494,4 k €	+4.7%	472,2 k €	+13.7%	415,3 k €	+2.3%	406,1 k €	+13.0%	359,4 k €	+22.4%	293,7 k €
Cash	119,7 k €	-23.5%	156,4 k €	+53.0%	102,2 k €	-0.1%	102,3 k €	+23.6%	82,7 k €	+1.3%	81,7 k €	+3.1%	79,2 k €	+177%	28,6 k €	-79.9%	142,6 k €	+206%	46,6 k €	-17.1%	56,2 k €	-20.8%	71 k €	+123%	31,9 k €	-38.2%	51,6 k €	+70.0%	30,3 k €	+12.9%	26,9 k €	-32.9%	40,1 k €	-53.7%	86,5 k €	+189%	29,9 k €
Debts	134,3 k €	-41.3%	228,9 k €	-39.9%	380,6 k €	-18.3%	466,1 k €	+18.2%	394,3 k €	+308%	96,6 k €	+33.2%	72,5 k €	+322%	17,2 k €	-37.8%	27,6 k €	-50.3%	55,6 k €	-26.2%	75,3 k €	-3.9%	78,3 k €	+110%	37,3 k €	+37.0%	27,2 k €	-23.2%	35,4 k €	-13.8%	41,1 k €	-71.1%	142,3 k €	-14.4%	166,3 k €	-9.4%	183,7 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 30/09/2025 · 2 active · 6 ended

Active mandates

CHRISTINE DECONINCK

Administrator - manager

Active

OLIVIER VANCOLLIE

Administrator - manager

Active

Ended mandates

Christine DECONINCK

Manager · since 28 juillet 2005 · until 28 juillet 2015

Ended

Olivier VANCOLLIE

Manager · since 28 juillet 2005 · until 27 juillet 2015

Ended

CHRISTINE DECONINCK

Manager · since 01 juillet 2005 · until 30 juin 2015

Ended

OLIVIER VANCOLLIE

Manager · since 01 juillet 2005 · until 30 juin 2015

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/03/2026	01/04/2025	26/03/2024	05/04/2023	31/03/2022	31/03/2021
General meeting	24/03/2026	24/03/2025	24/03/2024	24/03/2023	24/03/2022	24/03/2021
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	30/09/2025	24/03/2026	27/03/2026	French	PDF
Micro model	30/09/2024	24/03/2025	01/04/2025	French	PDF
Micro model	30/09/2023	24/03/2024	26/03/2024	French	PDF
Micro model	30/09/2022	24/03/2023	05/04/2023	French	PDF
Micro model	30/09/2021	24/03/2022	31/03/2022	French	PDF
Micro model	30/09/2020	24/03/2021	31/03/2021	French	PDF
Micro model	30/09/2019	24/03/2020	24/03/2020	French	PDF
Micro model	30/09/2018	25/03/2019	02/04/2019	French	PDF
Micro model	30/09/2017	24/03/2018	26/03/2018	French	PDF
Abridged model	30/09/2016	24/03/2017	30/03/2017	French	PDF
Abridged model	30/09/2015	24/03/2016	30/03/2016	French	PDF
Abridged model	30/09/2014	24/03/2015	30/03/2015	French	PDF
Abridged model	30/09/2013	15/01/2014	11/02/2014	French	PDF
Abridged model	30/09/2012	04/12/2012	10/12/2012	French	PDF
Abridged model	30/09/2011	24/03/2012	05/04/2012	French	PDF
Abridged modelCorrection	30/09/2010	24/03/2011	02/12/2011	French	PDF
Abridged model	30/09/2010	24/03/2011	29/03/2011	French	PDF
Abridged model	30/09/2009	24/03/2010	03/05/2010	French	PDF
Abridged model	30/09/2008	24/03/2009	22/04/2009	French	PDF
Abridged model	30/09/2007	24/03/2008	01/04/2008	French	PDF
Abridged model	30/09/2006	20/03/2007	29/03/2007	French	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 30/09/2025 · 2 active · 6 ended

Active mandates

CHRISTINE DECONINCK

Administrator - manager

Active

OLIVIER VANCOLLIE

Administrator - manager

Active

Ended mandates

Christine DECONINCK

Manager · since 28 juillet 2005 · until 28 juillet 2015

Ended

Olivier VANCOLLIE

Manager · since 28 juillet 2005 · until 27 juillet 2015

Ended

CHRISTINE DECONINCK

Manager · since 01 juillet 2005 · until 30 juin 2015

Ended

OLIVIER VANCOLLIE

Manager · since 01 juillet 2005 · until 30 juin 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/02/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office16/07/2021
SIEGE SOCIAL
PDF
Capital / shares26/03/2018
CAPITAL, ACTIONS
PDF
Mandates14/11/2016
DEMISSIONS, NOMINATIONS
PDF
Capital / shares24/03/2014
CAPITAL, ACTIONS
PDF
Other29/07/2010
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other14/11/2005
DIVERS
PDF
Other10/08/2005
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 2025-27,6 k €↓
2024
Annual accounts 2024233,4 k €↑
2023
Annual accounts 202335 k €↓
2022
Annual accounts 2022170,1 k €↓
2021
Annual accounts 2021181,2 k €↑
2020
Annual accounts 2020110,1 k €↓
2019
Annual accounts 2019135,9 k €↑
2018
Annual accounts 2018106,8 k €↓
2017
Annual accounts 2017136,9 k €↑
2016
Annual accounts 2016100,1 k €↓
2015
Annual accounts 2015151,2 k €↑
2014
Annual accounts 2014111,3 k €↑
2013
Annual accounts 201372,4 k €↑
2012
Annual accounts 201230,5 k €↓
2011
Annual accounts 201163,1 k €↓
2010
Annual accounts 2010109,8 k €↑
2009
Annual accounts 200991,6 k €↓
2008
Annual accounts 2008102,1 k €↑
2007
Annual accounts 200736,6 k €
03/08/2005
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

VANCODECO

Overview

What does VANCODECO 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