ACTIVE

VHL Consulting

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Financial year 2025 · closed on 31/12/2025

Net result

26,5 k €

+15.2% YoY

Gross margin

61,3 k €

+15.9% YoY

Equity

224,4 k €

-2.7% YoY

What does VHL Consulting do?

VHL Consulting is a Private limited company incorporated in 2006. Its main activity is: Computer programming activities. Its registered office is in Aalter.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0879.055.768

Incorporation

01/02/2006

Legal form

Private limited company

Registered office

Aalterseweg 9
9910 Aalter · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Signals

ProfitableSolid 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	61,3 k €	+15.9%	52,9 k €	+38.4%	38,2 k €	-25.9%	51,6 k €	-7.0%	55,5 k €	+86.0%	29,8 k €	-55.8%	67,5 k €	+83.2%	36,9 k €	-31.2%	53,6 k €	+14.0%	47 k €	+41.4%	33,3 k €	-57.1%	77,6 k €	+161%	29,8 k €	+14.1%	26,1 k €	-37.6%	41,8 k €	+23.2%	33,9 k €	-45.3%	62 k €	+1.6%	61 k €	+63.9%	37,2 k €
EBITDA	41,1 k €	+19.7%	34,3 k €	+60.2%	21,4 k €	-31.8%	31,4 k €	+7.7%	29,2 k €	-1.8%	29,7 k €	-54.5%	65,3 k €	+77.9%	36,7 k €	-31.3%	53,5 k €	+14.9%	46,6 k €	+54.7%	30,1 k €	-60.5%	76,2 k €	+178%	27,4 k €	+18.9%	23,1 k €	-41.2%	39,2 k €	+21.1%	32,4 k €	-43.7%	57,5 k €	-1.8%	58,6 k €	+78.2%	32,9 k €
Operating result	40,3 k €	+20.1%	33,5 k €	+62.3%	20,7 k €	-32.9%	30,8 k €	+6.5%	28,9 k €	-1.2%	29,3 k €	-54.9%	64,9 k €	+95.1%	33,3 k €	-33.5%	50 k €	+7.9%	46,4 k €	+56.2%	29,7 k €	-60.8%	75,8 k €	+181%	27 k €	+23.3%	21,9 k €	-42.1%	37,9 k €	+38.5%	27,3 k €	-46.4%	51 k €	-2.0%	52,1 k €	+90.1%	27,4 k €
Net result	26,5 k €	+15.2%	23 k €	+57.3%	14,6 k €	+879%	1,5 k €	-90.5%	15,8 k €	-7.4%	17 k €	-54.5%	37,4 k €	+114%	17,5 k €	-55.2%	39,1 k €	+253%	11,1 k €	-39.2%	18,2 k €	-72.2%	65,5 k €	+7842%	825 €	-91.6%	9,9 k €	-51.0%	20,2 k €	+50.7%	13,4 k €	-55.5%	30,1 k €	-22.1%	38,6 k €	+152%	15,4 k €
Balance sheet
Equity	224,4 k €	-2.7%	230,7 k €	-6.9%	247,7 k €	-1.6%	251,7 k €	-3.3%	260,2 k €	+6.4%	244,4 k €	+7.5%	227,4 k €	+19.7%	190 k €	+10.2%	172,5 k €	+5.6%	163,4 k €	+7.3%	152,3 k €	+13.6%	134,1 k €	+13.1%	118,5 k €	-11.3%	133,7 k €	+8.0%	123,8 k €	+19.5%	103,7 k €	+14.8%	90,3 k €	+50.0%	60,2 k €	+179%	21,6 k €
Total assets	313,9 k €	+6.2%	295,7 k €	-3.4%	306,2 k €	-6.3%	326,7 k €	-3.1%	337,3 k €	-3.3%	348,9 k €	+10.8%	314,9 k €	+21.3%	259,6 k €	+12.2%	231,3 k €	-11.9%	262,6 k €	-0.7%	264,4 k €	-3.6%	274,3 k €	+19.7%	229,2 k €	+0.5%	228,2 k €	-2.4%	233,9 k €	-0.0%	233,9 k €	+2.7%	227,7 k €	+42.2%	160,1 k €	+83.3%	87,4 k €
Cash	31,1 k €	-21.0%	39,3 k €	+1407%	2,6 k €	-88.7%	23 k €	+62.6%	14,1 k €	-8.1%	15,4 k €	+34.7%	11,4 k €	+178%	4,1 k €	-56.4%	9,4 k €	-13.3%	10,9 k €	-60.5%	27,5 k €	+131%	11,9 k €		–		–		–		–		–		–		–
Debts	89,1 k €	+37.4%	64,9 k €	+10.9%	58,5 k €	-22.0%	75 k €	-2.7%	77,1 k €	-26.2%	104,5 k €	+19.4%	87,5 k €	+25.7%	69,6 k €	+18.4%	58,8 k €	-39.2%	96,8 k €	-9.9%	107,4 k €	-23.5%	140,3 k €	+27.6%	109,9 k €	+17.3%	93,7 k €	-14.3%	109,3 k €	-16.1%	130,3 k €	-5.2%	137,4 k €	+38.5%	99,2 k €	+50.8%	65,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,1 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Lieven VAN HERZEELE

Director

Active

Ended mandates

Lieven VAN HERZEELE

Director · since 30 janvier 2006

Ended

Lieven Van Herzeele

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Dokter Hilde Verhaegen● Active	0899.849.204

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	24/07/2026	19/08/2025	14/08/2024	03/08/2023	17/10/2022	28/10/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	09/06/2023	10/06/2022	11/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	12/06/2026	24/07/2026	Dutch	PDF
Micro model	31/12/2024	13/06/2025	19/08/2025	Dutch	PDF
Micro model	31/12/2023	14/06/2024	14/08/2024	Dutch	PDF
Micro model	31/12/2022	09/06/2023	03/08/2023	Dutch	PDF
Micro model	31/12/2021	10/06/2022	17/10/2022	Dutch	PDF
Micro model	31/12/2020	11/06/2021	28/10/2021	Dutch	PDF
Micro model	31/12/2019	12/06/2020	30/10/2020	Dutch	PDF
Micro model	31/12/2018	14/06/2019	05/11/2019	Dutch	PDF
Micro model	31/12/2017	08/06/2018	28/03/2019	Dutch	PDF
Micro model	31/12/2016	09/06/2017	04/12/2017	Dutch	PDF
Abridged model	31/12/2015	10/06/2016	19/01/2017	Dutch	PDF
Abridged model	31/12/2014	12/06/2015	21/12/2015	Dutch	PDF
Abridged model	31/12/2013	13/06/2014	23/12/2014	Dutch	PDF
Abridged model	31/12/2012	14/06/2013	17/06/2013	Dutch	PDF
Abridged model	31/12/2011	08/06/2012	07/09/2012	Dutch	PDF
Abridged model	31/12/2010	10/06/2011	14/06/2011	Dutch	PDF
Abridged model	31/12/2009	11/06/2010	30/11/2010	Dutch	PDF
Abridged model	31/12/2008	12/06/2009	27/11/2009	Dutch	PDF
Abridged model	31/12/2007	13/06/2008	30/09/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 1 active · 2 ended

Active mandates

Lieven VAN HERZEELE

Director

Active

Ended mandates

Lieven VAN HERZEELE

Director · since 30 janvier 2006

Ended

Lieven Van Herzeele

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office26/03/2009
MAATSCHAPPELIJKE ZETEL
PDF
Other13/02/2006
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 202526,5 k €↑
2024
Annual accounts 202423 k €↑
2023
Annual accounts 202314,6 k €↑
2023
Name changeVHL Consulting
2022
Annual accounts 20221,5 k €↓
2021
Annual accounts 202115,8 k €↓
2021
Name changeDaLiSoft
2020
Annual accounts 202017 k €↓
2019
Annual accounts 201937,4 k €↑
2018
Annual accounts 201817,5 k €↓
2017
Annual accounts 201739,1 k €↑
2016
Annual accounts 201611,1 k €↓
2015
Annual accounts 201518,2 k €↓
2014
Annual accounts 201465,5 k €↑
2013
Annual accounts 2013825 €↓
2012
Annual accounts 20129,9 k €↓
2011
Annual accounts 201120,2 k €↑
2010
Annual accounts 201013,4 k €↓
2009
Annual accounts 200930,1 k €↓
2008
Annual accounts 200838,6 k €↑
2007
Annual accounts 200715,4 k €
01/02/2006
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

VHL Consulting

Overview

What does VHL Consulting do?

Trend over 19 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