ACTIVE

VANAS ENGINEERING

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Financial year 2025 · closed on 31/12/2025

Net result

812,5 k €

-30.1% YoY

Revenue

17,2 M €

-16.7% YoY

Equity

6,5 M €

+14.0% YoY

Workforce

55,1 ETP

+2.6% YoY

What does VANAS ENGINEERING do?

VANAS ENGINEERING is a Private limited company incorporated in 2007. Its registered office is in Beveren-Kruibeke-Zwijndrecht. It employs on average 55,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0894.124.224

Incorporation

12/12/2007

Legal form

Private limited company

Registered office

Zwaluwbeek(MEL) 3
9120 Beveren-Kruibeke-Zwijndrecht · FlandreSee on map

Contributed capital

453 440,07 €

Latest accounts

31/12/2025

Average workforce

55,1 ETP

Joint committees (1)

10204

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2011		2010		2009		2008
Income statement
Revenue	17,2 M €	-16.7%	20,7 M €	+3.7%	19,9 M €	+66.4%	12 M €	+3.9%	11,5 M €	+28.0%	9 M €	-32.2%	13,3 M €	+16.0%	11,5 M €	-15.7%	13,6 M €	+31.0%	10,4 M €	-17.2%	12,5 M €	+16.1%	10,8 M €	+588%	1,6 M €	+10.1%	1,4 M €	-8.7%	1,6 M €	+44.9%	1,1 M €
EBITDA	1,3 M €	-39.8%	2,2 M €	-26.7%	3 M €	+97.6%	1,5 M €	+188%	531,2 k €	-19.4%	659,2 k €	-57.1%	1,5 M €	+34.6%	1,1 M €	-43.5%	2 M €	+10.7%	1,8 M €	+28.8%	1,4 M €	+76.7%	800,5 k €	+59.4%	502,1 k €	+28.1%	391,9 k €	+79.1%	218,8 k €	+1.1%	216,5 k €
Operating result	1,2 M €	-25.8%	1,7 M €	-42.2%	2,9 M €	+108%	1,4 M €	+259%	382,7 k €	-12.0%	434,9 k €	-65.0%	1,2 M €	+35.0%	919,8 k €	-48.9%	1,8 M €	+5.7%	1,7 M €	+49.8%	1,1 M €	+164%	431,3 k €	+133%	185 k €	+9.6%	168,9 k €	+37.6%	122,7 k €	+23.1%	99,7 k €
Net result	812,5 k €	-30.1%	1,2 M €	-44.6%	2,1 M €	+108%	1 M €	+302%	250,6 k €	-13.0%	287,9 k €	-69.1%	930,7 k €	+69.8%	548,3 k €	-51.4%	1,1 M €	+6.2%	1,1 M €	+49.4%	710,4 k €	+188%	246,8 k €	+6291%	3,9 k €	-80.7%	20 k €	+22164%	-90,5 €	-102%	6 k €
Balance sheet
Equity	6,5 M €	+14.0%	5,7 M €	+25.2%	4,6 M €	+84.5%	2,5 M €	+67.3%	1,5 M €	-44.1%	2,6 M €	-31.7%	3,9 M €	+31.1%	2,9 M €	+22.1%	2,4 M €	+36.2%	1,8 M €	+0.3%	1,8 M €	-14.7%	2,1 M €	+812%	227 k €	-2.0%	231,5 k €	+37.4%	168,4 k €	-3.2%	174,1 k €
Total assets	12,6 M €	+1.4%	12,5 M €	+18.9%	10,5 M €	+13.8%	9,2 M €	+21.4%	7,6 M €	+15.5%	6,6 M €	-5.7%	7 M €	+10.3%	6,3 M €	-12.8%	7,2 M €	+4.8%	6,9 M €	-6.6%	7,4 M €	+0.9%	7,3 M €	+134%	3,1 M €	-2.6%	3,2 M €	-2.2%	3,3 M €	+38.3%	2,4 M €
Cash	925,2 k €	+39.1%	665,2 k €	-27.0%	910,6 k €	+459%	163 k €	-22.8%	211,2 k €	-81.0%	1,1 M €	+707%	137,8 k €	+9.6%	125,7 k €	+35.0%	93,1 k €	-71.0%	320,6 k €	+44.5%	221,9 k €	-24.2%	292,8 k €	+329%	68,2 k €	-17.8%	83 k €	-35.7%	129,1 k €	+110%	61,5 k €
Debts	5,2 M €	-18.1%	6,3 M €	+7.3%	5,9 M €	-12.1%	6,7 M €	+10.3%	6,1 M €	+55.8%	3,9 M €	+27.4%	3,1 M €	-5.3%	3,2 M €	-31.9%	4,8 M €	-6.1%	5,1 M €	-8.7%	5,6 M €	+8.6%	5,1 M €	+77.3%	2,9 M €	-2.7%	3 M €	-2.7%	3,1 M €	+43.1%	2,1 M €
Other
Workforce	55,1 ETP	+2.6%	53,7 ETP	+7.6%	49,9 ETP	+11.4%	44,8 ETP	+5.4%	42,5 ETP	-2.5%	43,6 ETP	+0.7%	43,3 ETP	+8.8%	39,8 ETP	+6.4%	37,4 ETP	-20.3%	46,9 ETP	-4.5%	49,1 ETP	+3.4%	47,5 ETP	+265%	13,0 ETP	-7.1%	14,0 ETP	+16.7%	12,0 ETP	+36.4%	8,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 45 ended

Active mandates

AVM360

bestuurder · since 31 mai 2024 · 1002.775.607

Represented by Andy Van Mieghem

Active

Cariani Giovanni

Director · since 31 mai 2024

Active

Massimiliano Gigli

Director · since 31 mai 2024

Active

Ended mandates

AVM360

Director · since 31 mai 2024 · 1002.775.607

Represented by Andy Van Mieghem

Ended

AVM360

Managing director · since 01 décembre 2023 · until 02 juin 2025 · 1002.775.607

Represented by Andy Van Mieghem

Ended

Douglas Macpherson

bestuurder · since 15 juin 2022 · until 02 juin 2025

Ended

Douglas Macpherson

Director · since 15 juin 2022 · until 31 mai 2024

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	30/06/2025	06/05/2024	29/06/2023	14/07/2022	12/04/2021
General meeting	01/06/2026	02/06/2025	18/03/2024	05/06/2023	15/06/2022	15/03/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	01/06/2026	24/07/2026	Dutch	PDF
Full model	31/12/2024	02/06/2025	30/06/2025	Dutch	PDF
Full model	31/12/2023	18/03/2024	06/05/2024	Dutch	PDF
Full model	31/12/2022	05/06/2023	29/06/2023	Dutch	PDF
Full model	31/12/2021	15/06/2022	14/07/2022	Dutch	PDF
Full model	31/12/2020	15/03/2021	12/04/2021	Dutch	PDF
Full model	31/12/2019	16/03/2020	15/04/2020	Dutch	PDF
Full model	31/12/2018	19/03/2019	16/04/2019	Dutch	PDF
Full model	31/12/2017	19/03/2018	12/04/2018	Dutch	PDF
Full model	31/12/2016	15/03/2017	28/04/2017	Dutch	PDF
Full model	31/10/2015	21/03/2016	19/04/2016	Dutch	PDF
Full model	31/12/2014	16/03/2015	14/04/2015	Dutch	PDF
Full model	31/12/2013	17/03/2014	15/04/2014	Dutch	PDF
Full model	31/12/2012	18/03/2013	18/04/2013	Dutch	PDF
Full model	31/12/2011	19/03/2012	17/04/2012	Dutch	PDF
Full model	31/12/2010	21/03/2011	20/04/2011	Dutch	PDF
Full model	31/12/2009	15/03/2010	02/04/2010	Dutch	PDF
Full model	31/12/2008	16/03/2009	15/04/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 45 ended

Active mandates

AVM360

bestuurder · since 31 mai 2024 · 1002.775.607

Represented by Andy Van Mieghem

Active

Cariani Giovanni

Director · since 31 mai 2024

Active

Massimiliano Gigli

Director · since 31 mai 2024

Active

Ended mandates

AVM360

Director · since 31 mai 2024 · 1002.775.607

Represented by Andy Van Mieghem

Ended

AVM360

Managing director · since 01 décembre 2023 · until 02 juin 2025 · 1002.775.607

Represented by Andy Van Mieghem

Ended

Douglas Macpherson

bestuurder · since 15 juin 2022 · until 02 juin 2025

Ended

Douglas Macpherson

Director · since 15 juin 2022 · until 31 mai 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other04/09/2026
INTREKKEN VOLMACHTEN
PDF
Other26/05/2026
DIVERSEN
PDF
Mandates05/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/05/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/03/2024
ONTSLAGEN - BENOEMINGEN
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 2025812,5 k €↓
2024
Annual accounts 20241,2 M €↓
2023
Annual accounts 20232,1 M €↑
2022
Annual accounts 20221 M €↑
2021
Annual accounts 2021250,6 k €↓
2020
Annual accounts 2020287,9 k €↓
2019
Annual accounts 2019930,7 k €↑
2018
Annual accounts 2018548,3 k €↓
2017
Annual accounts 20171,1 M €↑
2015
Annual accounts 20151,1 M €↑
2014
Annual accounts 2014710,4 k €↑
2013
Annual accounts 2013246,8 k €↑
2013
Name changeVANAS ENGINEERING
2011
Annual accounts 20113,9 k €↓
2010
Annual accounts 201020 k €↑
2009
Annual accounts 2009-90,5 €↓
2008
Annual accounts 20086 k €
2008
Name changeVANASOFT
12/12/2007
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

VANAS ENGINEERING

Overview

What does VANAS ENGINEERING do?

Trend over 16 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