VANELGRO

Active Private limited companyfounded 1989active for 36 yearsOverhaamlaan 30, 3700 Tongeren-BorgloonKBO/BCE: BE 0439.281.326 #4 employer in Tongeren-Borgloon, Construction sector

VANELGRO

Financial year 2025

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Annual accounts 2025

abbreviated format, filed on 20-07-2026, 11 days before the deadline

€2.6m

▲ 11.4%

€359,427

▲ 55.3%

€267,515

▲ 69.5%

€59,701

▲ 21.2%

31.5%

▲ 2.3 percentage points

1.07

▲ 0.01

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €4.5m. Estimated: probably between €3.0m and €7.3m.

In the rankings #4 employer in Tongeren-Borgloon, Construction sector

Balance sheet

balance sheet total €2.0m on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

31.5%

Higher than 40% of 529 companies in 2025.

1.07

Higher than 27% of 520 companies in 2025.

13.6%

Higher than 74% of 519 companies in 2025.

VANELGRO Middle half of the sector 80% of the sector Abbreviated accounts in civil engineering (NACE 42)

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

Staff

€54,127

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

+1 person

people who joined people who left

In 2025, 10 people joined and 9 left.

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	2007	2006
Balance sheet: assets
`20/58`	2.0m	2.0m	1.9m	1.4m	1.2m	1.1m	850,163	874,971	901,204	777,552	695,488	784,295	995,787	924,822	762,446	689,492	584,451	591,155	625,047	678,182
`21/28`	1.1m	1.2m	1.2m	674,059	586,862	491,014	377,853	433,422	333,788	271,616	227,643	271,629	323,105	360,588	260,456	310,934	220,781	243,130	215,553	249,569
`21`	-	-	-	-	-	-	-	-	-	-	955	2,245	3,535	4,825	1,340	-	-	-	-	-
`22/27`	1.1m	1.2m	1.2m	674,059	586,862	491,014	377,853	433,422	333,788	271,616	226,688	269,384	319,570	355,763	256,076	307,894	217,741	240,090	211,468	245,484
`22`	75,756	76,275	88,171	57,464	61,358	48,686	57,382	66,372	50,772	58,094	65,771	73,447	81,366	89,564	97,872	104,366	76,095	81,741	88,275	96,124
`23`	50,019	71,082	79,208	71,470	51,220	38,057	35,660	59,293	24,878	20,959	21,184	28,275	36,898	38,058	28,784	28,761	29,465	64,459	67,111	76,980
`24`	129,264	147,071	136,668	106,637	146,434	154,428	73,438	54,691	88,056	38,957	50,605	50,776	37,583	49,484	45,888	54,959	50,301	58,519	51,339	65,866
`25`	830,773	905,352	870,822	438,488	327,850	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`28`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,040	3,040	3,040	3,040	4,085	4,085
`29/58`	876,574	849,600	768,949	713,999	612,189	580,051	472,310	441,549	567,417	505,937	467,845	512,666	672,682	564,235	501,990	378,558	363,670	348,025	409,494	428,613
`3`	363,166	372,861	367,713	292,474	207,280	156,745	116,595	165,089	149,000	216,000	238,000	251,500	170,500	158,250	114,500	133,500	150,000	158,000	254,250	252,750
`30/36`	363,166	372,861	367,713	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,250	2,750
`37`	-	-	-	292,474	207,280	156,745	116,595	165,089	149,000	216,000	238,000	251,500	170,500	158,250	114,500	133,500	150,000	158,000	250,000	250,000
`40/41`	232,595	234,289	198,106	355,960	314,550	231,167	180,796	175,677	211,614	225,674	217,803	228,721	457,053	303,782	350,030	245,018	213,569	189,868	154,525	150,336
`40`	164,369	138,200	120,784	310,093	276,011	201,667	151,096	122,858	145,077	166,772	197,644	215,993	412,274	273,970	326,157	210,535	184,567	170,226	152,586	125,354
`41`	68,226	96,089	77,323	45,867	38,538	29,500	29,700	52,819	66,537	58,902	20,159	12,728	44,779	29,812	23,874	34,483	29,002	19,642	1,940	24,982
`54/58`	272,180	233,341	192,981	59,582	86,643	189,606	164,303	88,018	203,677	62,878	12,042	31,360	45,130	102,095	37,329	40	101	157	719	527
`490/1`	8,632	9,109	10,149	5,983	3,716	2,533	10,616	12,764	3,125	1,385	-	1,085	-	108	131	-	-	-	-	25,000
Balance sheet: equity and liabilities
`10/49`	2.0m	2.0m	1.9m	1.4m	1.2m	1.1m	850,163	874,971	901,204	777,552	695,488	784,295	995,787	924,822	762,446	689,492	584,451	591,155	625,047	678,182
`10/15`	617,384	597,516	577,845	509,348	436,043	375,218	287,571	239,427	204,723	205,856	210,331	244,002	239,587	236,483	227,990	219,487	212,011	204,901	201,409	191,352
`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`13`	598,784	578,916	559,245	490,748	417,443	356,618	268,971	220,827	244,719	244,719	244,719	244,719	233,167	233,167	233,167	233,167	233,167	233,167	233,167	233,167
`130/1`	1,859	1,859	1,859	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
`1311`	1,859	1,859	1,859	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`133`	596,925	577,057	557,386	488,889	415,584	354,759	267,112	218,967	242,860	242,860	242,860	242,860	231,307	231,307	231,307	231,307	231,307	231,307	231,307	231,308
`14`	0	0	0	-	-	-	-	-	-58,596	-57,463	-52,987	-19,317	-12,179	-15,283	-23,776	-32,279	-39,756	-46,865	-50,358	-60,415
`17/49`	1.3m	1.5m	1.4m	878,711	763,007	695,846	562,592	635,544	696,481	571,696	485,156	540,293	756,200	688,339	534,455	470,004	372,440	386,254	423,639	486,830
`17`	526,853	648,479	641,800	307,482	290,318	280,402	246,388	284,732	200,160	90,572	55,067	93,904	122,402	145,084	50,343	99,216	54,949	54,827	76,277	131,994
`170/4`	526,853	648,479	641,800	307,482	290,318	280,402	246,388	284,732	200,160	90,572	55,067	93,904	122,402	145,084	50,343	99,216	54,949	54,827	76,277	131,994
`42/48`	816,873	800,326	723,895	570,992	472,483	413,458	316,204	350,813	495,044	479,846	429,131	446,390	633,798	543,255	484,112	370,789	317,491	331,427	347,362	335,765
`42`	298,774	255,788	245,014	189,857	170,291	187,789	133,497	117,592	79,975	89,422	73,043	69,030	68,890	83,362	62,675	68,958	52,158	68,409	67,324	72,014
`43`	0	100,000	100,000	100,000	75,000	-	-	100,000	200,000	200,000	200,000	225,000	250,000	200,000	200,028	7,787	17,161	65,496	89,393	46,583
`430/8`	0	100,000	100,000	100,000	75,000	-	-	100,000	200,000	200,000	200,000	225,000	250,000	200,000	200,028	7,787	17,161	65,496	89,393	46,583
`44`	166,994	223,584	200,450	209,245	125,783	109,993	107,592	93,074	176,945	157,773	117,357	102,606	231,913	221,403	191,905	251,727	198,296	181,125	172,185	203,473
`440/4`	166,994	223,584	200,450	209,245	125,783	109,993	107,592	93,074	176,945	157,773	117,357	102,606	231,913	221,403	191,905	251,727	198,296	181,125	172,185	203,473
`45`	85,332	60,039	63,695	37,118	65,896	88,032	63,979	40,146	38,124	32,651	15,791	32,478	66,046	31,233	24,989	42,316	49,876	16,397	18,460	13,695
`450/3`	29,883	14,092	10,372	12,632	28,607	53,453	36,486	12,685	22,901	17,393	15,791	11,714	22,225	18,758	13,623	8,122	36,748	4,587	3,746	-
`454/9`	55,449	45,947	53,323	24,485	37,289	34,580	27,493	27,461	15,223	15,258	-	20,763	43,821	12,475	11,366	34,195	13,128	11,811	14,714	13,695
`47/48`	265,774	160,914	114,737	34,773	35,513	27,645	11,137	-	-	-	22,939	17,276	16,950	7,257	4,515	-	-	-	-	-
`492/3`	1,276	3,058	278	237	207	1,986	-	-	1,278	1,278	958	-	-	-	-	-	-	-	-	19,071
Income statement
`76A`	207	0	57,388	1,800	-	-	-	3,850	-	-	-	774	1,620	12,000	4,959	10,895	200	138	124	67,869
`9900`	2.6m	2.3m	2.1m	1.9m	1.7m	1.4m	1.4m	1.4m	940,009	802,357	664,310	758,030	925,045	899,246	969,335	911,061	848,604	883,093	891,410	896,333
`62`	1.9m	1.8m	1.7m	1.6m	1.5m	1.1m	1.1m	1.1m	736,821	669,760	567,347	614,995	771,136	746,579	848,796	797,675	713,245	765,766	791,934	786,769
`630`	341,566	313,580	245,814	173,339	168,233	176,490	219,638	247,778	149,998	86,519	77,953	80,926	104,534	116,720	82,536	82,859	62,785	59,324	47,172	51,346
`640/8`	17,219	17,751	14,679	8,576	7,976	6,763	5,653	9,428	4,966	5,916	4,298	10,201	4,514	7,215	6,173	6,851	4,490	5,784	4,956	-
`66A`	9,980	-	-	-	-	-	9,838	-	24,571	20,428	5,124	15,552	7,276	-	1,020	305	27,200	-	-	89,087
`9901`	359,427	231,372	215,369	84,852	95,937	129,335	83,932	54,749	23,652	19,734	14,711	51,908	44,861	28,731	31,830	23,676	68,085	52,220	47,349	58,218
`75/76B`	33	924	2	19,755	53	28	11	16	25	0	15	60	41	98	21	24	29	52	27	44
`75`	33	924	2	26	53	28	11	16	25	0	15	60	41	98	21	24	29	52	27	44
`76B`	-	-	0	19,729	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`65/66B`	39,474	41,628	36,034	14,073	13,301	11,041	12,400	14,985	16,652	17,093	19,221	22,537	24,730	26,692	21,357	23,028	29,589	39,580	34,705	14,196
`65`	39,474	41,628	36,034	14,073	13,301	11,041	12,400	14,985	16,652	17,093	19,221	22,537	24,730	26,692	21,357	23,028	29,589	39,580	34,705	14,196
`9903`	319,986	190,667	179,336	90,534	82,689	118,323	71,544	39,779	7,025	2,641	-9,619	14,653	14,516	14,138	14,433	11,261	11,524	12,829	12,795	22,848
`67/77`	52,471	32,851	20,839	15,729	19,864	28,675	20,399	5,076	8,158	7,117	24,051	21,791	11,412	5,645	5,930	3,785	4,414	9,337	2,738	22,597
`9904`	267,515	157,816	158,497	74,805	62,825	89,647	51,144	34,703	-1,133	-4,475	-33,670	-7,138	3,104	8,493	8,503	7,476	7,110	3,493	10,057	251
`9905`	267,515	157,816	158,497	74,805	62,825	89,647	51,144	34,703	-1,133	-4,475	-33,670	-7,138	3,104	8,493	8,503	7,476	7,110	3,493	10,057	251
Appropriation of the result
`9906`	267,515	157,816	158,497	74,805	62,825	89,647	51,144	-23,892	-58,596	-57,463	-52,987	-19,317	-12,179	-15,283	-23,776	-32,279	-39,756	-46,865	-50,358	-60,415
`791/2`	87,647	48,144	-	-	-	-	-	58,596	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	107,515	67,816	68,497	73,305	60,825	87,647	48,144	34,703	-	-	-	-	-	-	-	-	-	-	-	-
`6921`	107,515	67,816	68,497	73,305	60,825	87,647	48,144	34,703	-	-	-	-	-	-	-	-	-	-	-	-
`694/7`	247,647	138,144	90,000	1,500	2,000	2,000	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-
`694`	87,647	48,144	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`695`	160,000	90,000	90,000	1,500	2,000	2,000	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	34.5	33.9	34.5	37	34.7	28.6	26.9	25.2	19.3	19.9	18.3	19.1	21.6	23.5	24	24	22.9	21.2	20.9	22.7
Hours worked`1013`	46,922	45,285	43,957	48,388	45,663	35,676	36,248	35,544	24,819	23,827	19,966	22,748	27,128	26,650	30,348	30,102	27,800	29,057	29,659	31,432
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 15 older financial years (1991-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 26 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 20-07-2026.

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	20-07-2026	2026-00309563	PDF
31-12-2024	abbreviated format	26-06-2025	2025-00180428	PDF
31-12-2023	abbreviated format	28-06-2024	2024-00175340	PDF
31-12-2022	abbreviated format	14-07-2023	2023-00235659	PDF
31-12-2021	abbreviated format	08-07-2022	2022-20161904	PDF
31-12-2020	abbreviated format	29-07-2021	2021-41500484	PDF
31-12-2019	abbreviated format	16-07-2020	2020-30300093	PDF
31-12-2018	abbreviated format	22-07-2019	2019-35100596	PDF
31-12-2017	abbreviated format	31-08-2018	2018-55500152	PDF
31-12-2016	abbreviated format	28-07-2017	2017-38700235	PDF
31-12-2015	abbreviated format	12-08-2016	2016-41800513	PDF
31-12-2014	abbreviated format	30-07-2015	2015-37800536	PDF
31-12-2013	abbreviated format	29-07-2014	2014-37600160	PDF
31-12-2012	abbreviated format	23-08-2013	2013-44700302	PDF
31-12-2011	abbreviated format	27-08-2012	2012-44600601	PDF
31-12-2010	abbreviated format	25-08-2011	2011-43100539	PDF
31-12-2009	abbreviated format	27-08-2010	2010-45200297	PDF
31-12-2008	abbreviated format	17-08-2009	2009-57600022	PDF
31-12-2007	abbreviated format	26-08-2008	2008-64600158	PDF
31-12-2006	full format	23-08-2007	2007-60600299	PDF
31-12-2005	abbreviated format	06-07-2006	2006-42203441	PDF
31-12-2004	abbreviated format	12-07-2005	2005-47003076	PDF
30-06-2003	abbreviated format	10-12-2003	2003-82802243	PDF
30-06-2002	abbreviated format	30-12-2002	2002-79600868	PDF
30-06-2001	abbreviated format	21-12-2001	2001-77601832	PDF
30-06-2000	abbreviated format	22-12-2000	2000-77400237	PDF
30-06-1999	abbreviated format	23-12-1999	1999-65100565	PDF
30-06-1998	abbreviated format	30-12-1998	1998-64202862	PDF
30-06-1997	abbreviated format	29-12-1997	1997-58700425	PDF
30-06-1996	abbreviated format	06-01-1997	1997-00203514	PDF
30-06-1995	abbreviated format	08-01-1996	1996-00503516	PDF
30-06-1994	abbreviated format	23-12-1994	1994-51201648	PDF
30-06-1993	abbreviated format	22-12-1993	1993-47002760	PDF
30-06-1992	abbreviated format	09-12-1992	1992-40100289	PDF
30-06-1991	abbreviated format	04-12-1991	1991-31901479	PDF

Subsidies and aid

Flemish government 2022 to 2025, 4 entries, €3,718 awarded, €3,717 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

€3,718

Year	Entries	Awarded	Paid
2025	1	€1,655	€1,739
2024	1	€799	€829
2023	1	€507	€392
2022	1	€757	€757

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	2007	2006
700,993	544,952	461,183	258,191	264,170	305,825	303,570	302,526	173,650	106,253	92,665	132,834	149,396	145,452	114,366	106,535	130,869	111,543	94,521	109,564
609,081	471,396	404,311	248,143	231,058	266,137	270,782	282,481	148,866	82,043	44,283	73,789	107,638	125,213	91,039	90,335	69,894	62,816	57,229	51,597
238,578	338,491	753,203	260,536	264,081	289,650	201,498	347,412	240,742	153,334	40,342	49,422	76,147	219,892	33,078	180,887	72,636	87,946	13,157	106,987
38,839	40,360	133,399	-27,061	-102,963	25,303	76,285	-115,659	140,799	50,837	-19,318	-13,770	-56,965	64,766	37,289	-61	-56	-562	192	-
59,701	49,274	45,053	143,007	139,706	166,593	156,106	90,736	72,373	26,090	38,714	66,277	38,884	20,979	17,878	7,769	46,179	16,598	62,132	92,848
31.5%	29.2%	29.7%	36.7%	36.4%	35.0%	33.8%	27.4%	22.7%	26.5%	30.2%	31.1%	24.1%	25.6%	29.9%	31.8%	36.3%	34.7%	32.2%	28.2%
1.07	1.06	1.06	1.25	1.30	1.40	1.49	1.26	1.15	1.05	1.09	1.15	1.06	1.04	1.04	1.02	1.15	1.05	1.18	1.28
0.63	0.60	0.55	0.74	0.86	1.02	1.12	0.79	0.85	0.60	0.54	0.59	0.79	0.75	0.80	0.66	0.67	0.57	0.45	0.52
2.18	2.43	2.36	1.73	1.75	1.85	1.96	2.65	3.40	2.78	2.31	2.21	3.16	2.91	2.34	2.14	1.76	1.89	2.10	2.54
43.3%	26.4%	27.4%	14.7%	14.4%	23.9%	17.8%	14.5%	-0.6%	-2.2%	-16.0%	-2.9%	1.3%	3.6%	3.7%	3.4%	3.4%	1.7%	5.0%	0.1%
13.6%	7.7%	8.2%	5.4%	5.2%	8.4%	6.0%	4.0%	-0.1%	-0.6%	-4.8%	-0.9%	0.3%	0.9%	1.1%	1.1%	1.2%	0.6%	1.6%	0.0%
17.76	13.09	12.80	18.35	19.86	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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	35	34	35	36	34
full-time	34	33	34	35	32
part-time	1	1	1	1	2
in full-time equivalents	34.5	33.5	34.5	35.9	33.7
	34.5	33.9	34.5	37	34.7
On a permanent contract	29	31	31	32	30
Joined	10	10	7	14	12
Left	9	11	8	12	8
Training hours	0	-	-	-	-

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

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€238,578	€338,491	€753,203	€260,536	€264,081
Financial fixed assets	€0	-	-	-	-
	€341,566	€313,580	€245,814	€173,339	€168,233

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

Public contracts

3 awards · 2024

Ondergrondse leidingen: SYN20W008-BIS_SYN23W001-AGO - 2

buyer: Synductis cvConstruction workawarded 27-06-2024€34.5m5 tendersTED 437847-2024

Werken in en rond cabines: Cabinewerken regio Zenne-Dender

buyer: Fluvius System Operator cv (Speciale Sectoren)Construction workawarded 05-02-2024€19.0m4 tendersTED 117140-2024

Kleine grond- en technische werken: Kleine grond- en technische werken regio Limburg-Zuid

buyer: Fluvius System Operator cv (Speciale Sectoren)Construction workawarded 05-02-2024€19.0m4 tendersTED 118282-2024

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Insights on VANELGRO

The operating result for 2025 is 55% higher than in 2024 and the highest since 2006. It is the third rise in a row, after the fall in 2022.

Debt's share of the balance-sheet total falls from 70.8% to 68.5%. Equity is higher and debt is lower.

Next steps

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Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency31.5%

Current ratio1.07

Return on assets13.6%

Staff

Staff cost per FTE€54,127

Joined and left+1 person

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 4 entries, €3,718 awarded, €3,717 paid

Key figures and ratios

Social balance sheet

Investments

Public contracts

Insights on VANELGRO

Next steps

in euro

in euro

31.5%

1.07

13.6%

€54,127

+1 person