ACTIVE

VICTOR

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Financial year 2025 · closed on 31/12/2025

Net result

188,9 k €

-52.6% YoY

Gross margin

565,6 k €

-25.2% YoY

Equity

5,6 M €

+0.7% YoY

Workforce

2,9 ETP

0.0% YoY

What does VICTOR do?

VICTOR is a Private limited company incorporated in 2008. Its main activity is: Activities of holding companies. Its registered office is in Gingelom. It employs on average 2,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0896.106.883

Incorporation

29/02/2008

Legal form

Private limited company

Registered office

Ambachtsweg 14
3890 Gingelom · FlandreSee on map

Contributed capital

790 550,00 €

Latest accounts

31/12/2025

Average workforce

2,9 ETP

Activities (NACE)

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

Joint committees (3)

200
20000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	565,6 k €	-25.2%	756 k €	+51.9%	497,6 k €	+45.4%	342,3 k €	-8.5%	373,9 k €	+235%	111,8 k €	-76.7%	479,6 k €	+836%	51,2 k €	-66.9%	155 k €	+294%	39,4 k €	+467%	6,9 k €	-74.5%	27,3 k €	-2.1%	27,9 k €	-1.1%	28,2 k €	+50.2%	18,8 k €
EBITDA	316,8 k €	-32.8%	471,3 k €	+117%	217,2 k €	+83.7%	118,2 k €	-19.3%	146,5 k €	+58.7%	92,3 k €	-70.7%	315,4 k €	+556%	48,1 k €	-68.2%	151,4 k €	+321%	36 k €	+20291%	176,4 €	-99.3%	26,1 k €	+18.2%	22,1 k €	-17.0%	26,6 k €	+70.6%	15,6 k €
Operating result	290,4 k €	-29.5%	412,1 k €	+157%	160,6 k €	+302%	40 k €	-46.7%	75 k €	+33.0%	56,4 k €	-80.8%	293,4 k €	+956%	27,8 k €	-78.2%	127,5 k €	+319%	-58,1 k €	-303%	-14,4 k €	-168%	21,2 k €	+95.5%	10,8 k €	-29.1%	15,3 k €	+136%	6,5 k €
Net result	188,9 k €	-52.6%	398,4 k €	-61.8%	1 M €	+118%	478,2 k €	-15.4%	565,3 k €	+948%	53,9 k €	-76.0%	225 k €	+2438%	8,9 k €	-32.2%	13,1 k €	+12028%	107,8 €	-98.7%	8,2 k €	+135%	3,5 k €	+217%	1,1 k €	-79.9%	5,5 k €	+219%	-4,6 k €
Balance sheet
Equity	5,6 M €	+0.7%	5,6 M €	+7.7%	5,2 M €	+25.3%	4,1 M €	+13.1%	3,7 M €	+230%	1,1 M €	+5.1%	1,1 M €	+27.2%	826,3 k €	+1.1%	817,4 k €	+3943%	20,2 k €	+0.5%	20,1 k €	+69.3%	11,9 k €	+41.8%	8,4 k €	+15.2%	7,3 k €	+314%	1,8 k €
Total assets	10,5 M €	-6.7%	11,2 M €	+27.3%	8,8 M €	-8.5%	9,6 M €	+5.2%	9,1 M €	+188%	3,2 M €	-2.0%	3,2 M €	+5.3%	3,1 M €	+24.0%	2,5 M €	+21.1%	2 M €	+339%	466,5 k €	+205%	152,7 k €	-7.1%	164,3 k €	-10.4%	183,3 k €	+21.4%	151 k €
Cash	935,5 k €	-53.2%	2 M €	+846%	211,5 k €	+162%	80,8 k €	-87.5%	645,2 k €	+2293%	27 k €	-86.8%	204,1 k €	+89.2%	107,9 k €	+1715%	5,9 k €	-38.4%	9,7 k €	+247%	2,8 k €	-39.2%	4,6 k €	-69.1%	14,8 k €	+178%	5,3 k €	+67.1%	3,2 k €
Debts	4,7 M €	-13.4%	5,4 M €	+51.1%	3,6 M €	-34.2%	5,4 M €	-0.8%	5,5 M €	+165%	2,1 M €	-5.4%	2,2 M €	-2.8%	2,2 M €	+35.2%	1,7 M €	-18.0%	2 M €	+355%	446,3 k €	+217%	140,8 k €	-9.7%	155,9 k €	-11.4%	176 k €	+17.9%	149,3 k €
Other
Workforce	2,9 ETP	0.0%	2,9 ETP	0.0%	2,9 ETP	+3.6%	2,8 ETP	-3.4%	2,9 ETP		–		–		–		–		–		0,2 ETP		–		–		–		–

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 31/12/2025 · 4 active · 5 ended

Active mandates

Anne-Sofie Nivelles

Director

Active

Bart Nivelles

Managing director

Active

Francesca Vansimsen

Director

Active

Thibaut Nivelles

Director

Active

Ended mandates

Anne-Sofie Nivelles

Director · since 17 décembre 2019

Ended

Francesca Vansimsen

Director · since 17 décembre 2019

Ended

Nivelles Bart

Managing director · since 17 décembre 2019

Ended

Thibaut Nivelles

Director · since 17 décembre 2019

Ended

At this address

Other companies at this address

Company	CBE no.
C2Y● Active	0597.595.224
GROUP NIVELLES● Active	0451.958.533
Homelab Construct● Active	0476.232.089
Homelab Invest● Active	0700.396.418
IMMO EN RENT BCP● Active	0806.057.132
TEMENOS● Active	0845.057.664

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	30/06/2026	10/07/2025	02/07/2024	03/07/2023	11/07/2022	06/08/2021
General meeting	30/06/2026	08/07/2025	21/06/2024	01/07/2023	10/06/2022	04/08/2021
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	31/12/2025	30/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	08/07/2025	10/07/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	02/07/2024	Dutch	PDF
Abridged model	31/12/2022	01/07/2023	03/07/2023	Dutch	PDF
Abridged model	31/12/2021	10/06/2022	11/07/2022	Dutch	PDF
Abridged model	31/12/2020	04/08/2021	06/08/2021	Dutch	PDF
Abridged model	31/12/2019	23/09/2020	09/10/2020	Dutch	PDF
Micro model	31/12/2018	03/05/2019	24/08/2019	Dutch	PDF
Micro model	31/12/2017	05/05/2018	26/09/2018	Dutch	PDF
Abridged model	31/12/2016	05/05/2017	18/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/05/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/05/2015	25/10/2015	Dutch	PDF
Abridged model	31/12/2013	02/05/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	03/05/2013	24/10/2013	Dutch	PDF
Abridged model	31/12/2011	04/05/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	01/05/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	01/05/2010	27/08/2010	Dutch	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 31/12/2025 · 4 active · 5 ended

Active mandates

Anne-Sofie Nivelles

Director

Active

Bart Nivelles

Managing director

Active

Francesca Vansimsen

Director

Active

Thibaut Nivelles

Director

Active

Ended mandates

Anne-Sofie Nivelles

Director · since 17 décembre 2019

Ended

Francesca Vansimsen

Director · since 17 décembre 2019

Ended

Nivelles Bart

Managing director · since 17 décembre 2019

Ended

Thibaut Nivelles

Director · since 17 décembre 2019

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring06/09/2022
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring16/06/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring10/01/2020
BENAMING - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring18/11/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office08/02/2018
MAATSCHAPPELIJKE ZETEL
PDF
Registered office21/03/2016
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares22/01/2016
KAPITAAL - AANDELEN
PDF
Other11/03/2008
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 2025188,9 k €↓
2024
Annual accounts 2024398,4 k €↓
2023
Annual accounts 20231 M €↑
2022
Annual accounts 2022478,2 k €↓
2021
Annual accounts 2021565,3 k €↑
2021
Name changeVictor
2018
Annual accounts 201853,9 k €↓
2017
Annual accounts 2017225 k €↑
2016
Annual accounts 20168,9 k €↓
2015
Annual accounts 201513,1 k €↑
2014
Annual accounts 2014107,8 €↓
2013
Annual accounts 20138,2 k €↑
2012
Annual accounts 20123,5 k €↑
2011
Annual accounts 20111,1 k €↓
2010
Annual accounts 20105,5 k €↑
2009
Annual accounts 2009-4,6 k €
2009
Name changeB&F - CONSULTING
29/02/2008
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

VICTOR

Overview

What does VICTOR do?

Trend over 15 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