VAN ES (0896.129.748): financials and annual accounts

Annual accounts 2025

abbreviated format, filed on 29-06-2026, 32 days before the deadline

€859,399

▲ 61.9%

€406,331

▲ 559%

€518,351

▲ 208%

€504,966

▲ 227%

81.0%

▲ 18.1 percentage points

4.12

▲ 2.24

Money flows

no detail for 2025

Balance sheet

balance sheet total €1.6m on 31-12-2025

What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

81.0%

Higher than 86% of 2,076 companies in 2025.

4.12

Higher than 83% of 2,056 companies in 2025.

24.0%

Higher than 94% of 2,070 companies in 2025.

VAN ES Middle half of the sector 80% of the sector Abbreviated accounts in crop and animal production (NACE 01)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter · Staff: top quarter

Staff

€39,529

Staff costs divided by the average number of full-time equivalents.

51 hours per contract

contracts started contracts ended

In 2025, 361 short contracts started and 361 ended, on average 51 hours worked per contract. Staff averaged 7.7 full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Balance sheet: assets
`20/58`	1.6m	1.5m	1.9m	1.2m	1.2m	1.1m	1.3m	1.5m	1.8m	2.1m	2.1m	2.2m	2.3m	2.5m	2.6m	2.5m	2.5m	1.2m
`20`	-	-	-	-	-	-	-	-	-	-	-	-	1,544	3,087	4,631	6,175	12,349	4,631
`21/28`	356,537	454,557	497,762	707,118	771,108	844,043	1.0m	1.2m	1.4m	1.6m	1.8m	2.0m	2.0m	2.1m	2.1m	2.2m	2.3m	1.1m
`22/27`	355,266	453,286	496,491	403,790	467,780	540,715	742,224	921,130	1.1m	1.3m	1.5m	1.7m	1.6m	1.8m	2.0m	2.2m	2.3m	1.1m
`22`	202,878	264,583	326,508	380,732	442,279	503,824	565,371	626,940	688,509	732,612	793,308	854,003	854,003	914,699	975,395	1.0m	1.1m	687,306
`23`	104,808	143,588	164,267	12,317	19,451	26,891	162,902	291,413	415,110	538,718	660,371	791,861	788,111	914,808	1.0m	1.1m	1.2m	375,900
`24`	47,581	45,115	5,716	10,741	6,050	10,001	13,951	2,777	3,702	-	2,500	5,000	7,500	10,000	-	-	-	-
`28`	1,271	1,271	1,271	303,328	303,328	303,328	303,328	303,328	303,328	303,328	303,328	303,328	303,328	303,328	38,521	40,866	40,866	-
`29/58`	1.3m	1.0m	1.4m	517,373	415,896	258,178	263,582	294,595	397,811	483,884	339,884	270,888	394,218	334,202	524,285	318,062	208,116	134,659
`3`	20,094	132,231	104,272	97,736	100,906	109,764	115,403	102,016	95,289	105,162	90,166	32,150	24,808	53,283	117,247	140,793	23,780	-
`30/36`	20,094	132,231	104,272	97,736	100,906	109,764	115,403	102,016	95,289	105,162	90,166	32,150	24,808	53,283	117,247	140,793	23,780	-
`40/41`	47,317	275,427	1.0m	34,237	116,699	137,804	118,355	150,945	200,787	298,345	222,812	177,469	254,894	191,457	393,288	157,529	165,863	17,464
`40`	9,783	255,472	699,178	20,862	32,552	16,653	29,123	2,153	32,939	26,326	188,902	114,308	177,838	124,061	343,144	141,462	159,055	-
`41`	37,534	19,956	301,602	13,376	84,147	121,151	89,233	148,792	167,848	272,019	33,910	63,161	77,056	67,396	50,143	16,067	6,808	17,464
`50/53`	1.1m	450,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`54/58`	153,275	165,140	274,177	374,440	187,752	203	10,153	32,001	101,735	80,377	26,907	61,270	114,516	75,361	326	6,722	5,308	117,196
`490/1`	11,708	11,560	10,574	10,960	10,538	10,407	19,671	9,633	-	-	-	-	-	14,100	13,425	13,019	13,165	-
Balance sheet: equity and liabilities
`10/49`	1.6m	1.5m	1.9m	1.2m	1.2m	1.1m	1.3m	1.5m	1.8m	2.1m	2.1m	2.2m	2.3m	2.5m	2.6m	2.5m	2.5m	1.2m
`10/15`	1.3m	936,346	891,061	448,989	206,074	-159,723	31,228	180,280	419,018	533,204	343,804	364,349	391,010	351,859	-554,187	-51,535	-34,058	291,079
`10/11`	164,453	164,453	164,453	164,453	164,453	164,453	164,453	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	354,300	354,300	354,300	354,300
`100`	-	-	-	-	-	-	164,453	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	354,300	354,300	354,300	354,300
`13`	1.2m	767,448	720,145	276,056	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`133`	1.2m	767,448	720,145	276,056	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`14`	-	-	-	-	31,122	-336,693	-150,613	-971,280	-737,413	-628,099	-822,370	-806,697	-784,907	-828,929	-964,847	-405,835	-388,358	-63,221
`15`	2,426	4,444	6,463	8,481	10,499	12,517	17,388	22,260	27,131	32,003	36,874	41,745	46,617	51,488	56,360	-	-	-
`16`	128	234	340	446	553	659	915	1,172	1,428	1,684	1,941	2,197	2,454	2,710	2,966	-	-	-
`168`	128	234	340	446	553	659	915	1,172	1,428	1,684	1,941	2,197	2,454	2,710	2,966	-	-	-
`17/49`	311,530	552,337	996,164	775,055	980,377	1.3m	1.3m	1.3m	1.4m	1.5m	1.8m	1.9m	2.0m	2.1m	3.1m	2.6m	2.6m	911,418
`17`	-	-	-	-	38,227	118,182	236,364	367,045	510,227	653,409	796,591	939,773	1.1m	1.2m	1.1m	1.2m	1.3m	-
`170/4`	-	-	-	-	38,227	118,182	236,364	367,045	510,227	653,409	796,591	939,773	1.1m	1.2m	1.1m	1.2m	1.3m	-
`42/48`	311,530	552,337	996,164	775,055	942,150	1.1m	1.0m	970,556	877,787	870,244	957,055	918,762	863,586	899,419	2.1m	1.4m	1.3m	911,418
`42`	-	-	0	33,000	112,955	149,911	130,682	143,182	143,182	143,182	143,182	143,182	143,182	130,682	118,182	118,182	-	-
`43`	-	-	0	265,000	265,000	285,000	305,000	325,000	325,000	385,000	445,000	445,000	445,000	445,000	457,458	147,911	187,798	-
`430/8`	-	-	0	265,000	265,000	285,000	305,000	325,000	325,000	385,000	445,000	445,000	445,000	445,000	457,458	147,911	187,798	-
`44`	49,783	296,072	575,724	76,794	230,809	360,059	280,733	310,137	260,699	195,055	200,877	115,241	104,973	129,037	584,634	343,649	276,163	181,562
`440/4`	49,783	296,072	575,724	76,794	230,809	360,059	280,733	310,137	260,699	195,055	200,877	115,241	104,973	129,037	584,634	343,649	276,163	181,562
`45`	18,251	25,703	19,889	12,892	14,021	18,322	27,138	49,437	23,346	1,612	1,700	8,477	4,378	3,715	2,511	374	35,025	-
`450/3`	7,851	14,580	6,666	228	1,540	812	556	656	756	931	1,023	1,739	3,206	1,252	2,511	-	26,233	-
`454/9`	10,399	11,123	13,223	12,664	12,481	17,510	26,582	48,782	22,591	681	677	6,738	1,172	2,462	-	374	8,792	-
`47/48`	243,496	230,562	400,551	387,369	319,366	329,812	297,074	142,799	125,560	145,395	166,297	206,862	166,053	190,986	913,257	785,747	783,761	729,856
`492/3`	-	-	-	-	-	-	-	-	-	-	-	-	8,700	-	-	-	-	-
Income statement
`70`	-	-	-	-	1.1m	726,694	-	-	-	-	-	-	-	-	-	-	-	-
`76A`	-	-	-	-	-	-	-	-	-	-	-	-	-	134,883	-	-	25,000	-
`9900`	859,399	530,795	968,220	664,849	738,260	369,856	414,804	276,017	373,383	586,520	381,178	203,370	441,957	416,145	-208,174	405,694	-194,061	-55,228
`60/61`	-	-	-	-	349,820	357,123	-	-	-	-	-	-	-	-	-	-	-	-
`62`	304,377	347,143	372,482	324,759	260,915	305,437	312,563	269,246	230,737	132,337	137,872	128,973	111,643	118,103	94,480	133,859	129,846	-
`630`	112,020	106,910	77,899	71,990	76,960	201,509	201,531	197,254	195,041	194,849	194,686	4,044	196,151	195,556	193,056	192,330	-	-
`640/8`	16,082	15,104	15,087	13,340	14,207	24,777	13,373	12,731	12,550	12,161	11,511	11,972	11,007	10,446	9,636	8,329	8,133	8,032
`66A`	20,589	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,081	-
`9901`	406,331	61,639	502,752	254,761	386,178	-161,867	-112,664	-203,214	-64,946	247,174	37,109	58,381	123,155	92,040	-505,345	71,176	-332,040	-63,259
`75/76B`	8,290	14,517	6,079	9,939	3,824	4,874	10,861	12,857	14,859	16,850	18,853	20,866	22,852	30,357	50,105	-	10	59
`75`	8,290	14,517	6,079	2,018	3,824	4,874	10,861	12,857	14,859	16,850	18,853	20,866	22,852	30,357	50,105	-	10	59
`76B`	-	-	0	7,921	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`65/66B`	19,064	28,853	64,742	19,767	22,186	29,087	42,078	43,111	58,728	69,154	70,937	100,238	101,086	120,364	101,517	88,653	13,026	21
`65`	19,064	28,853	39,749	19,767	22,186	29,087	42,078	43,111	58,728	69,154	70,937	100,238	101,086	120,364	101,517	88,653	13,026	21
`66B`	-	0	24,992	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`9903`	395,557	47,303	444,090	244,934	367,815	-186,080	-143,881	-233,468	-108,815	194,870	-14,975	-20,991	44,921	136,916	-556,757	-17,477	-325,137	-63,221
`780`	106	106	106	106	106	-	-	-	-	-	-	-	-	-	-	-	-	-
`67/77`	2,718	106	106	106	106	256	556	656	756	855	955	1,055	1,155	1,255	2,511	-	-	0
`9904`	392,945	47,303	444,090	244,934	367,815	-186,080	-144,180	-233,867	-109,315	194,271	-15,673	-21,790	44,023	135,918	-559,012	-17,477	-325,137	-63,221
`9905`	392,945	47,303	444,090	244,934	367,815	-186,080	-144,180	-233,867	-109,315	194,271	-15,673	-21,790	44,023	135,918	-559,012	-17,477	-325,137	-63,221
Appropriation of the result
`9906`	392,945	47,303	444,090	276,056	31,122	-336,693	-1.1m	-971,280	-737,413	-628,099	-822,370	-806,697	-784,907	-828,929	-964,847	-405,835	-388,358	-63,221
`14P`	-	-	0	31,122	-336,693	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	-	-	-	-	-	964,847	-	-	-	-	-	-	-	-	-	-	-
`691/2`	392,945	47,303	444,090	276,056	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`6921`	392,945	47,303	444,090	276,056	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	7.7	8.7	9.2	9.5	8	10.7	11.8	9.3	8.6	3.2	4.2	4	4.2	4.5	4.4	4	5.4	-
Hours worked`1013`	18,514	22,824	22,720	24,668	21,434	23,748	21,513	19,394	18,859	13,515	14,495	13,812	11,974	13,350	10,831	15,688	12,988	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	29-06-2026	2026-00232355	PDF
31-12-2024	abbreviated format	02-06-2025	2025-00113070	PDF
31-12-2023	abbreviated format	25-07-2024	2024-00281657	PDF
31-12-2022	abbreviated format	13-07-2023	2023-00244959	PDF
31-12-2021	abbreviated format	31-05-2022	2022-20041088	PDF
31-12-2020	abbreviated format	29-11-2021	2021-78400277	PDF
31-12-2019	abbreviated format	01-12-2020	2020-73100094	PDF
31-12-2018	abbreviated format	28-08-2019	2019-52000300	PDF
31-12-2017	abbreviated format	05-07-2018	2018-29100108	PDF
31-12-2016	abbreviated format	11-08-2017	2017-43300424	PDF
31-12-2015	abbreviated format	20-07-2016	2016-33100056	PDF
31-12-2014	abbreviated format	28-08-2015	2015-50300254	PDF
31-12-2013	abbreviated format	10-09-2014	2014-58200222	PDF
31-12-2012	abbreviated format	09-08-2013	2013-41600538	PDF
31-12-2011	abbreviated format	05-07-2012	2012-25600035	PDF
31-12-2010	abbreviated format	16-06-2011	2011-16900126	PDF
31-12-2009	abbreviated format	20-08-2010	2010-43100359	PDF
31-12-2008	abbreviated format	09-07-2009	2009-37600225	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
518,351	168,549	580,651	326,751	463,138	39,642	88,867	-5,960	130,095	442,022	231,795	62,425	319,307	287,596	-312,289	263,506	-	-
504,966	154,213	521,989	316,923	444,775	15,429	57,351	-36,613	85,727	389,120	179,012	-17,746	240,174	331,474	-365,956	174,853	-	-
14,000	63,705	171,716	8,000	4,025	0	22,625	11,062	31,033	10,000	0	3,750	4,715	277,307	51,489	59,840	1.6m	1.1m
-11,865	-109,037	-100,263	186,688	187,549	-9,950	-21,848	-69,734	21,358	53,470	-34,364	-53,246	39,155	75,035	-6,396	1,414	-111,888	-
970,863	482,022	393,639	-257,682	-526,254	-884,925	-777,044	-675,961	-479,976	-386,360	-617,171	-647,873	-469,367	-565,217	-1.6m	-1.1m	-1.1m	-776,759
-	-	-	-	35.5%	-22.3%	-	-	-	-	-	-	-	-	-	-	-	-
81.0%	62.9%	47.2%	36.7%	17.4%	-14.5%	2.4%	11.9%	23.2%	25.9%	16.4%	16.4%	16.6%	14.2%	-21.4%	-2.0%	-1.3%	24.2%
4.12	1.87	1.40	0.67	0.44	0.23	0.25	0.30	0.45	0.56	0.36	0.29	0.46	0.37	0.25	0.23	0.16	0.15
4.05	1.63	1.29	0.54	0.33	0.13	0.14	0.20	0.34	0.44	0.26	0.26	0.43	0.31	0.20	0.13	0.14	0.15
0.23	0.59	1.12	1.73	4.76	-	40.89	7.42	3.31	2.86	5.10	5.10	5.00	6.04	-	-	-	3.13
29.6%	5.1%	49.8%	54.6%	178.5%	-	-461.7%	-129.7%	-26.1%	36.4%	-4.6%	-6.0%	11.3%	38.6%	-	-	-	-21.7%
24.0%	3.2%	23.5%	20.0%	31.0%	-16.9%	-11.0%	-15.4%	-6.0%	9.4%	-0.7%	-1.0%	1.9%	5.5%	-21.6%	-0.7%	-12.8%	-5.3%
27.19	5.84	14.61	16.53	20.88	-	-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	11 days	8 days	-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	241 days	368 days	-	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	0	0	1	1	1
full-time	0	0	1	1	1
part-time	0	0	0	-	-
in full-time equivalents	0	0	1	1	1
	7.7	8.7	9.2	9.5	8
On a permanent contract	0	0	1	1	1
Joined	361	416	419	368	444
Left	361	417	419	367	445
Training hours	0	0	0	-	-

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	-	-	-	-	€151,182
Debts guaranteed by Belgian public bodies	-	-	-	€33,000	-
Mortgages, amount registered	-	-	-	-	€1.0m
Carrying value of the mortgaged assets	-	-	-	-	€319,324

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€14,000	€63,705	€170,600	€8,000	€4,025
Financial fixed assets	-	-	€1,116	-	-
	€112,020	€106,910	€77,899	€71,990	€76,960

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on VAN ES

The operating result for 2025 is 6.6 times that of 2024. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 37.1% to 19.0%. Equity is higher and debt is lower.

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency81.0%

Current ratio4.12

Return on assets24.0%

Staff

Staff cost per FTE€39,529

Joined and left51 hours per contract

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on VAN ES

Next steps

in €m

in euro

81.0%

4.12

24.0%

€39,529

51 hours per contract