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ANDHERS

Active Risk: not assessed Public limited companyfounded 1992active for 34 yearsIndustriepark-West 40, 9100 Sint-NiklaasKBO/BCE: BE 0448.548.388 #1 company by total assets in Sint-Niklaas
Heads the group ANDHERS 15 companies in 10 countries
See the group

Lifetime

18 annual accounts with figures on one time axis, 34 filings since 1992
peak €518.5m (2025)
€518.5m▲ 2.7%
lowest -€6.7m (2017)
€34.7m▲ 10.0%
peak €417.4m (2025)
€417.4m▲ 3.9%
€101.0m▼ 2.3%
peak 48.2 FTE (2021)
8.2 FTE▼ 2.4%
Board24 names since 2006all names
9 directorsRen(r)ew BV and 8 others
Owners3 names in the annual accounts
23.85%VIDAL and 1 other
Documentsfilings and deeds
08-06-202653 days before the deadline
2025financial year
Turnover from €8.0m to €10.1m2 directors appointed 16-06Dividend €19.0mInvestments €386,278

Key points

from the 2025 annual accounts

Equity

€417.4m ▲ 3.9%
401.72024+34.7Profit-19.0Dividend417.42025

ANDHERS paid out €19.0m in dividends. That is 55% of the 2025 profit.

Investments

€2.2m 62.1 × depreciation
20212022202320242025

Green is investment, beige is depreciation.

Staff

8.2 FTE from 48.2 in 2021

Between 2021 and 2025, 83% of the full-time equivalents disappeared.

Payment terms

77 days to suppliers
Suppliers
120 to 77
Customers
368 to 100

ANDHERS pays its suppliers 43 days earlier than in 2024. Customers pay 268 days earlier.

Group

12 companies controlled

Heads a group.

Board

4 joined · 1 left

Board changed. Latest change 03-07-2026 · 9 in office.

Financial institution: outside the modelBankruptcy probability: sector outside the modelStandalone figures, without subsidiaries

Group, consolidated 2025: turnover €193.4m, result €36.7m

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.

Bankruptcy probability within 12 months

The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

1 signal, which does not raise the risk
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
53 days early
2024
50 days early
2023
48 days early
2022
55 days early
2021
62 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 54 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

DB
DIHRCONSULT BV
Director, Steven Van Hoorebeke
AC
Alio Consilio BV
Director, Michel Vermaerke
CE
CP.EU BV
Director, Geert Pauwels
VR
Ventures @ RV BV
Director, Ruben Verhoeven
EB
2B-Energy BV
Director, Ronnie Beimans
BP
Auditor, Peter D'hondt
and 4 others
  • VIDAL 23.85%score 98equity €19.4m (2025) · 30-09-2025 annual accounts of VIDAL
  • S.P.& J. 21.59%equity €11.2m (2025) · 30-06-2025 annual accounts of S.P.& J.

Shares in 16 companies, including ELESSAN and Niko

Board & ownership

Recent changes

9 directors appointed, 1 statutory auditor appointed, 1 resignation, 1 resignation Resignations: Finmore BV and EY Bedrijfsrevisoren BV (statutory auditor) · Permanent representatives: Christine Verhaert, Jozef De Backer, Jan Calmeyn, Joëlle Bragard-De Naeyer, Koen Verhaert, Ronnie Belmans and 7 others · Appointments: Snofla NV, SP&J NV, Ren(r)ew BV, P.O. Management BV, DIHRConsult BV, Alio Consilio BV and 4 others · General meeting of 26-05-2026 · Gazette deed
Resignation: Finmore BV (director) Permanent representative: Christine Verhaert · Board meeting of 18-02-2026 · Gazette deed
2 directors appointed Ventures @ RV BV and CP.EU BV · Permanent representatives: Ruben Verhoeven and Geert Pauwels · General meeting of 26-05-2025 · Gazette deed
2 directors appointed, 1 resignation Resignation: VHC3S NV · Permanent representatives: Rudy Mattheus, Michel Vermaerke, Christine Verhaert and Jozef De Backer · Appointments: Alio Consilio BV and Finmore BV · Board meeting of 20-06-2024 · Gazette deed
All 114 events

Comparable companies

same main activity, similar in size and age
Company
ANDHERS Sint-Niklaas €10.1m 4.7% 80.5% 8.2
ABACUS GROUP Waregem €7.1m -17.5% 92.1% 14.5
BARONIE Bruges €5.4m 0.2% 86.8% 4.8
MG Real Estate Ghent €13.7m -67.7% 43.7% 14
DARLING INGREDIENTS BELGIUM HOLDING Ghent €17.4m 12.4% 92.6% 9.8
ECONOCOM GROUP Ixelles €22.1m 0.1% 41.4% 8
T.P.F. Forest €9.1m 13.4% 42.2% 12.6
-10%0%10%20%€5m€50m€500mANDHERSEBIT margin

Grey: the largest companies of the sector (financial services (NACE 64)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as ANDHERS: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €148m and €1.5bn, founded between 1982 and 2003.

Official details

Source: KBO
Status
Active since 04-11-1992Normal situation
Activity
Activities of holding companiesNACE 64210and 1 other
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment unit
2.059.573.3839100 Sint-Niklaas, since 18-11-1992
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2025

€518.5m▲ 2.7%
Employeeson 31-12-2025
9▲ 12.5%
Filing
Filed on 08-06-2026, 53 days before the end of the filing period
Financials

Companies linked to ANDHERS

Insights on ANDHERS

ANDHERS has existed since 1992. The present size dates from 2023. The balance sheet total rose that year from €196.3m to €456.5m, while staff fell from 47.3 to 33 full-time equivalents.

The balance sheet total has grown every year since.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about ANDHERS

What is the company number of ANDHERS?
The company number of ANDHERS is 0448.548.388. The VAT number is the same number with BE in front: BE 0448.548.388.
Where is ANDHERS based?
The registered office is at Industriepark-West 40, 9100 Sint-Niklaas.Company details
What does ANDHERS do?
According to the KBO register, the main activity is activities of holding companies (NACE 64210).
What is the legal form of ANDHERS?
ANDHERS is a public limited company (NV).
When was ANDHERS founded?
ANDHERS was founded on 04-11-1992.
Is ANDHERS still active?
Yes, ANDHERS is an active enterprise in the KBO register.
How many employees does ANDHERS have?
ANDHERS had an average of 8.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does ANDHERS fall under?
In its 2025 annual accounts, ANDHERS states joint committee 200 (Auxiliary committee for white-collar workers).
What is the turnover of ANDHERS?
The turnover of ANDHERS was €10.1m in financial year 2025, according to the filed annual accounts.
Is ANDHERS profitable?
In financial year 2025, ANDHERS made a profit of €34.7m.
Where can I find the annual accounts of ANDHERS?
ANDHERS filed 66 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ANDHERS due?
ANDHERS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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