ACTIVE

VEMAHO

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Financial year 2025 · closed on 30/09/2025

Net result

838,3 k €

-15.5% YoY

Gross margin

631,5 k €

+23.9% YoY

Equity

8,8 M €

+10.5% YoY

What does VEMAHO do?

VEMAHO is a Private company with limited liability incorporated in 2008. Its main activity is: Management consultancy activities. Its registered office is in Izegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0895.370.178

Incorporation

30/01/2008

Legal form

Private company with limited liability

Registered office

Ambachtenstraat 24 box 1
8870 Izegem · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 64200Activities of holding companies 64210Activities of holding companies

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	631,5 k €	+23.9%	509,6 k €	-32.0%	749,2 k €	+33.3%	562,1 k €	+30.7%	430 k €	+30.6%	329,2 k €	-0.2%	329,7 k €	+24.9%	264 k €	+18.0%	223,7 k €	+11.5%	200,6 k €	-5.0%	211,2 k €	+1.5%	208,1 k €	+0.4%	207,2 k €	-19.8%	258,5 k €	+166%	97,3 k €	+226%	29,8 k €	-36.2%	46,8 k €
EBITDA	630,4 k €	+24.0%	508,5 k €	-32.0%	748,1 k €	+33.3%	561,2 k €	+30.8%	429 k €	+30.7%	328,2 k €	-0.2%	328,7 k €	+25.0%	263 k €	+18.1%	222,7 k €	+11.5%	199,7 k €	-5.0%	210,3 k €	+1.5%	207,1 k €	+0.5%	206,2 k €	-19.9%	257,5 k €	+166%	96,8 k €	+229%	29,4 k €	-36.1%	46 k €
Operating result	630,4 k €	+24.0%	508,5 k €	-32.0%	748,1 k €	+33.3%	561,2 k €	+30.8%	429 k €	+30.7%	328,2 k €	-0.2%	328,7 k €	+25.0%	263 k €	+18.1%	222,7 k €	+11.5%	199,7 k €	-5.0%	210,3 k €	+1.7%	206,8 k €	+0.5%	205,8 k €	-20.0%	257,1 k €	+167%	96,4 k €	+235%	28,8 k €	-35.9%	44,9 k €
Net result	838,3 k €	-15.5%	992,4 k €	-2.9%	1 M €	-48.3%	2 M €	+174%	722,5 k €	+26.4%	571,6 k €	-23.7%	749,1 k €	+171%	276,4 k €	+1.9%	271,1 k €	+2.1%	265,6 k €	+3.2%	257,4 k €	+5.1%	245 k €	+2.9%	238,1 k €	-44.5%	429,2 k €	+6759%	6,3 k €	-28.6%	8,8 k €	-72.1%	31,4 k €
Balance sheet
Equity	8,8 M €	+10.5%	8 M €	+13.8%	7 M €	+16.9%	6 M €	+47.9%	4,1 M €	+21.6%	3,3 M €	+19.6%	2,8 M €	+36.6%	2 M €	+15.6%	1,8 M €	+18.1%	1,5 M €	+21.6%	1,2 M €	+26.4%	974,5 k €	+33.6%	729,4 k €	+48.5%	491,3 k €	+692%	62,1 k €	+11.2%	55,8 k €	+27.2%	43,9 k €
Total assets	9,4 M €	+9.6%	8,6 M €	+12.1%	7,7 M €	+9.4%	7 M €	+40.9%	5 M €	+4.8%	4,7 M €	+1.3%	4,7 M €	-1.4%	4,7 M €	-0.2%	4,8 M €	+3.1%	4,6 M €	-1.9%	4,7 M €	-1.6%	4,8 M €	+0.2%	4,8 M €	-1.7%	4,9 M €	+1.6%	4,8 M €	+3.1%	4,6 M €	+5847%	77,9 k €
Cash	1,3 M €	-49.4%	2,6 M €	+70.9%	1,5 M €	-11.4%	1,7 M €	+403%	339,6 k €	+123%	152,6 k €	+66.7%	91,6 k €	-42.3%	158,8 k €	-7.7%	172 k €	+456%	30,9 k €	-74.0%	119,2 k €	-37.6%	191 k €	+17.7%	162,2 k €	-7.1%	174,7 k €	-8.5%	190,9 k €	+405%	37,8 k €	-45.8%	69,8 k €
Debts	544,1 k €	-1.4%	551,7 k €	-8.0%	599,8 k €	-37.9%	966,3 k €	+10.8%	872,4 k €	-37.8%	1,4 M €	-23.5%	1,8 M €	-30.8%	2,7 M €	-9.7%	2,9 M €	-3.4%	3 M €	-10.2%	3,4 M €	-8.8%	3,7 M €	-5.8%	3,9 M €	-8.0%	4,3 M €	-5.7%	4,5 M €	-0.5%	4,6 M €	+13667%	33,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 1 ended

Active mandates

Maarten Vanhaverbeke

Director

Active

Ended mandates

Maarten Vanhaverbeke

Mandate

Ended

At this address

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SPILCO● Active	0436.977.674
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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	01/10/2024	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	08/04/2026	08/04/2025	02/04/2024	21/03/2023	12/04/2022	29/04/2021
General meeting	21/03/2026	15/03/2025	16/03/2024	18/03/2023	19/03/2022	30/03/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	21/03/2026	08/04/2026	Dutch	PDF
Abridged model	30/09/2024	15/03/2025	08/04/2025	Dutch	PDF
Abridged model	30/09/2023	16/03/2024	02/04/2024	Dutch	PDF
Abridged model	30/09/2022	18/03/2023	21/03/2023	Dutch	PDF
Abridged model	30/09/2021	19/03/2022	12/04/2022	Dutch	PDF
Abridged model	30/09/2020	30/03/2021	29/04/2021	Dutch	PDF
Abridged model	30/09/2019	21/03/2020	23/03/2020	Dutch	PDF
Abridged model	30/09/2018	16/03/2019	04/04/2019	Dutch	PDF
Abridged model	30/09/2017	17/03/2018	30/03/2018	Dutch	PDF
Abridged model	30/09/2016	18/03/2017	31/03/2017	Dutch	PDF
Abridged model	30/09/2015	19/03/2016	21/03/2016	Dutch	PDF
Abridged model	30/09/2014	21/03/2015	23/03/2015	Dutch	PDF
Abridged model	30/09/2013	15/03/2014	27/03/2014	Dutch	PDF
Abridged model	30/09/2012	16/03/2013	19/03/2013	Dutch	PDF
Abridged model	30/09/2011	17/03/2012	13/04/2012	Dutch	PDF
Abridged model	30/09/2010	19/03/2011	30/03/2011	Dutch	PDF
Abridged model	30/09/2009	20/03/2010	22/03/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 1 active · 1 ended

Active mandates

Maarten Vanhaverbeke

Director

Active

Ended mandates

Maarten Vanhaverbeke

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office30/03/2015
MAATSCHAPPELIJKE ZETEL
PDF
Other11/02/2008
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 2025838,3 k €↓
2024
Annual accounts 2024992,4 k €↓
2023
Annual accounts 20231 M €↓
2022
Annual accounts 20222 M €↑
2021
Annual accounts 2021722,5 k €↑
2020
Annual accounts 2020571,6 k €↓
2019
Annual accounts 2019749,1 k €↑
2018
Annual accounts 2018276,4 k €↑
2017
Annual accounts 2017271,1 k €↑
2016
Annual accounts 2016265,6 k €↑
2015
Annual accounts 2015257,4 k €↑
2014
Annual accounts 2014245 k €↑
2013
Annual accounts 2013238,1 k €↓
2012
Annual accounts 2012429,2 k €↑
2011
Annual accounts 20116,3 k €↓
2010
Annual accounts 20108,8 k €↓
2009
Annual accounts 200931,4 k €
30/01/2008
IncorporationPrivate company with limited liability

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

VEMAHO

Overview

What does VEMAHO do?

Trend over 17 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