ACTIVE

HALF VIER

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Financial year 2025 · closed on 31/12/2025

Net result

-79,5 k €

-1027.2% YoY

Gross margin

1 M €

-7.8% YoY

Equity

782,4 k €

-9.2% YoY

Workforce

16,6 ETP

+2.5% YoY

What does HALF VIER do?

HALF VIER is a Private limited company incorporated in 2006. Its registered office is in Gent. It employs on average 16,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0885.990.575

Incorporation

28/12/2006

Legal form

Private limited company

Registered office

Vlasmarkt 6
9000 Gent · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Average workforce

16,6 ETP

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	1 M €	-7.8%	1,1 M €	-13.6%	1,3 M €	-5.9%	1,3 M €	+267%	366,5 k €	+179%	131,3 k €	-85.1%	883,4 k €	-6.3%	943,1 k €	-13.7%	1,1 M €	+35.6%	806,1 k €	+5.2%	766,6 k €	-13.8%	889,1 k €	+11.8%	794,9 k €	+7.4%	740,4 k €	+20.2%	616 k €	+23.1%	500,6 k €	+4.2%	480,7 k €	+29.3%	371,6 k €	+40.5%	264,5 k €
EBITDA	73,1 k €	-47.3%	138,9 k €	-61.9%	364,6 k €	-37.3%	581,8 k €	+327%	136,3 k €	+274%	-78,4 k €	-152%	149,8 k €	-32.2%	221,1 k €	+86.9%	118,3 k €	-14.8%	138,8 k €	-13.6%	160,7 k €	-42.0%	277 k €	+52.3%	181,8 k €	-25.0%	242,5 k €	+76.1%	137,7 k €	-4.7%	144,5 k €	+1.4%	142,5 k €	+45.4%	98,1 k €	+34.6%	72,9 k €
Operating result	-58,4 k €	-559%	12,7 k €	-95.1%	257,5 k €	-49.1%	506,4 k €	+697%	63,5 k €	+138%	-168,2 k €	-557%	36,8 k €	-62.6%	98,3 k €	+1591%	-6,6 k €	-122%	30,6 k €	+30.8%	23,4 k €	-82.7%	135,7 k €	+201%	45,1 k €	-52.8%	95,7 k €	+197%	32,2 k €	+29.9%	24,8 k €	+32.4%	18,7 k €	+37.6%	13,6 k €	-22.6%	17,6 k €
Net result	-79,5 k €	-1027%	-7,1 k €	-104%	174,1 k €	-55.8%	394,1 k €	+156%	154 k €	+301%	-76,7 k €	-797%	11 k €	-83.0%	64,9 k €	+384%	-22,8 k €	-261%	-6,3 k €	-167%	9,5 k €	-92.2%	122,6 k €	+426%	23,3 k €	-50.8%	47,4 k €	+399%	9,5 k €	+83.2%	5,2 k €	+135%	2,2 k €	+187%	-2,5 k €	-338%	1,1 k €
Balance sheet
Equity	782,4 k €	-9.2%	861,9 k €	-0.8%	868,9 k €	+25.1%	694,8 k €	+131%	300,7 k €	+105%	146,8 k €	-34.3%	223,5 k €	+5.2%	212,5 k €	+44.0%	147,6 k €	-34.9%	226,9 k €	-2.7%	233,2 k €	+4.3%	223,7 k €	+38.8%	161,1 k €	+16.9%	137,8 k €	+52.4%	90,4 k €	+11.7%	80,9 k €	+6.8%	75,7 k €	+3.0%	73,5 k €	-3.3%	76,1 k €
Total assets	1,3 M €	-5.6%	1,3 M €	-12.9%	1,5 M €	+6.8%	1,4 M €	+55.5%	932,4 k €	-1.7%	949 k €	-9.6%	1,1 M €	-9.7%	1,2 M €	+6.1%	1,1 M €	+47.0%	745,8 k €	+24.9%	597,4 k €	-2.1%	610,4 k €	+10.1%	554,2 k €	-0.8%	558,4 k €	-14.8%	655,4 k €	+41.4%	463,5 k €	+5.5%	439,4 k €	-13.0%	505 k €	+21.1%	417,2 k €
Cash	117,2 k €	-21.3%	148,9 k €	-23.0%	193,3 k €	-42.6%	336,7 k €	+47.9%	227,7 k €	+141%	94,3 k €	+57.6%	59,8 k €	-33.2%	89,6 k €	+33.6%	67 k €	-65.5%	194,4 k €	+445%	35,7 k €	-71.5%	125,3 k €	+65.3%	75,8 k €	+489%	12,9 k €	-83.8%	79,6 k €	+132%	34,4 k €	+502%	5,7 k €	-69.9%	18,9 k €	+23.8%	15,3 k €
Debts	467,3 k €	-1.8%	476 k €	-26.8%	649,9 k €	-3.8%	675,7 k €	+14.7%	588,9 k €	-24.2%	777,2 k €	-6.0%	826,5 k €	-12.9%	949 k €	+0.1%	948,5 k €	+82.8%	519 k €	+51.9%	341,6 k €	-11.7%	386,7 k €	-1.6%	393 k €	-6.5%	420,6 k €	-25.6%	565 k €	+47.7%	382,6 k €	+5.2%	363,7 k €	-15.7%	431,5 k €	+26.5%	341,1 k €
Other
Workforce	16,6 ETP	+2.5%	16,2 ETP	-4.7%	17,0 ETP	+4.3%	16,3 ETP	+55.2%	10,5 ETP	-7.9%	11,4 ETP	-42.4%	19,8 ETP	+7.0%	18,5 ETP	-2.6%	19,0 ETP	+5.6%	18,0 ETP	+15.4%	15,6 ETP	-17.5%	18,9 ETP	-39.0%	31,0 ETP	+118%	14,2 ETP	+10.1%	12,9 ETP	+15.2%	11,2 ETP	+16.7%	9,6 ETP	+134%	4,1 ETP	-16.3%	4,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 13 ended

Active mandates

Gerald Claes

Andere functie

Active

Mario Vuylsteke

Andere functie

Active

Ended mandates

Gerald Claes

Director · since 11 mai 2020

Ended

Gerald Claes

Manager · since 11 mai 2020

Ended

Mario Vuylsteke

Director · since 11 mai 2020

Ended

Mario Vuylsteke

Manager · since 11 mai 2020

Ended

At this address

Other companies at this address

Company	CBE no.
BROOD & SPELEN● Active	0476.585.744
VLASMARKT● Active	0433.956.125

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	22/06/2026	27/08/2025	29/08/2024	27/10/2023	31/08/2022	20/09/2021
General meeting	15/06/2026	28/07/2025	17/06/2024	31/07/2023	31/07/2022	30/06/2021
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
Abridged model	31/12/2025	15/06/2026	22/06/2026	Dutch	PDF
Abridged model	31/12/2024	28/07/2025	27/08/2025	Dutch	PDF
Abridged model	31/12/2023	17/06/2024	29/08/2024	Dutch	PDF
Abridged model	31/12/2022	31/07/2023	27/10/2023	Dutch	PDF
Abridged model	31/12/2021	31/07/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	20/09/2021	Dutch	PDF
Abridged model	31/12/2019	30/09/2020	29/10/2020	Dutch	PDF
Abridged model	31/12/2018	17/06/2019	24/09/2019	Dutch	PDF
Abridged model	31/12/2017	31/07/2018	27/09/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	31/07/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	31/07/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	06/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/07/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	18/06/2012	24/06/2012	Dutch	PDF
Abridged model	31/12/2010	31/07/2011	27/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	18/08/2010	Dutch	PDF
Abridged model	31/12/2008	21/06/2009	11/07/2009	Dutch	PDF
Abridged model	31/12/2007	16/06/2008	18/06/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 13 ended

Active mandates

Gerald Claes

Andere functie

Active

Mario Vuylsteke

Andere functie

Active

Ended mandates

Gerald Claes

Director · since 11 mai 2020

Ended

Gerald Claes

Manager · since 11 mai 2020

Ended

Mario Vuylsteke

Director · since 11 mai 2020

Ended

Mario Vuylsteke

Manager · since 11 mai 2020

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/05/2020
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/01/2018
KAPITAAL - AANDELEN
PDF
Mandates26/09/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other09/01/2007
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 2025-79,5 k €↓
2024
Annual accounts 2024-7,1 k €↓
2023
Annual accounts 2023174,1 k €↓
2022
Annual accounts 2022394,1 k €↑
2021
Annual accounts 2021154 k €↑
2020
Annual accounts 2020-76,7 k €↓
2019
Annual accounts 201911 k €↓
2018
Annual accounts 201864,9 k €↑
2017
Annual accounts 2017-22,8 k €↓
2016
Annual accounts 2016-6,3 k €↓
2015
Annual accounts 20159,5 k €↓
2014
Annual accounts 2014122,6 k €↑
2013
Annual accounts 201323,3 k €↓
2012
Annual accounts 201247,4 k €↑
2011
Annual accounts 20119,5 k €↑
2010
Annual accounts 20105,2 k €↑
2009
Annual accounts 20092,2 k €↑
2008
Annual accounts 2008-2,5 k €↓
2007
Annual accounts 20071,1 k €
28/12/2006
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

HALF VIER

Overview

What does HALF VIER 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