ACTIVE

Ateliers V.H.B.

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Financial year 2025 · Closed on 31/12/2025

Net result304,1 k €-23,0 %over 1 year

Gross margin598,9 k €-42,7 %over 1 year

Equity5,9 M €+5,4 %over 1 year

Workforce3,1 ETP-11,4 %over 1 year

Identity

Source · BCE/KBO

Ateliers V.H.B. is a Public limited company incorporated in 1944. Its main activity is: Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Its registered office is in Merelbeke. It employs on average 3,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0400.122.327
Incorporation: 11/05/1944
Legal form: Public limited company
Registered office: Ambachtsweg 15-17
9820 Merelbeke · FlandreSee on map
Contributed capital: 2 394 536,55 €
Latest accounts: 31/12/2025
Average workforce: 3,1 ETP

Activities (NACE)

25530Forging, pressing, stamping and roll-forming of metal; powder metallurgy· main 25620Machining 28520Manufacture of machinery and equipment n.e.c.

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	598,9 k €	-42.7%	1 M €	+84.7%	566 k €	+11.0%	509,8 k €	-11.3%	574,5 k €
EBITDA	391,3 k €	+497%	-98,5 k €	-125%	400,2 k €	+22.6%	326,4 k €	-13.8%	378,6 k €
Operating result	372 k €	-22.3%	478,7 k €	+20.8%	396,4 k €	-13.2%	456,4 k €	+23.1%	370,9 k €
Net result	304,1 k €	-23.0%	395 k €	+41.4%	279,3 k €	-12.3%	318,7 k €	+23.3%	258,4 k €
Balance sheet
Equity	5,9 M €	+5.4%	5,6 M €	+7.6%	5,2 M €	+5.7%	4,9 M €	+6.9%	4,6 M €
Total assets	8,9 M €	+2.7%	8,6 M €	-0.3%	8,6 M €	+7.0%	8,1 M €	+6.3%	7,6 M €
Cash	49,5 k €	-31.9%	72,6 k €	-26.4%	98,7 k €	-46.2%	183,5 k €	-54.1%	399,9 k €
Debts	3 M €	-2.4%	3 M €	-12.1%	3,5 M €	+9.0%	3,2 M €	+10.3%	2,9 M €
Other
Workforce	3,1 ETP	-11.4%	3,5 ETP	+45.8%	2,4 ETP	-14.3%	2,8 ETP	-17.6%	3,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 28 ended

Active mandates

Paul De Breuck

Managing director · since 15 juin 2018

Active

Pierre-Paul De Breuck

Director · since 15 juin 2018

Active

Ended mandates

Advies en Commitment

Manager · since 25 juin 2010 · 0462.209.651

Represented by Paul Etienne (AV 2016) de Breuck

Ended

Jean Jacques Libert (tot AV 2010)

Director · since 01 octobre 2006

Ended

Advies en Commitment

Director · 0462.209.651

Represented by Paul Etienne (AV 2016) de Breuck

Ended

Gaston Van San

Director · until 31 août 2006

Ended

Full financial information

Source · NBB

	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	24/09/2026	05/12/2025	29/11/2024	21/12/2023	22/11/2022	30/11/2021
General meeting	18/09/2026	05/12/2025	18/06/2024	19/06/2023	20/06/2022	21/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/09/2026	24/09/2026	Dutch	PDF
Abridged model	31/12/2024	05/12/2025	05/12/2025	Dutch	PDF
Abridged model	31/12/2023	18/06/2024	29/11/2024	Dutch	PDF
Abridged model	31/12/2022	19/06/2023	21/12/2023	Dutch	PDF
Abridged model	31/12/2021	20/06/2022	22/11/2022	Dutch	PDF
Abridged model	31/12/2020	21/06/2021	30/11/2021	Dutch	PDF
Abridged model	31/12/2019	24/08/2020	08/10/2020	Dutch	PDF
Abridged model	31/12/2018	15/06/2019	11/10/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	27/09/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	30/10/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	31/10/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	30/09/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	29/09/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	31/08/2013	Dutch	PDF
Abridged model	31/12/2011	22/06/2012	26/10/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	30/11/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	28/06/2007	27/08/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 28 ended

Active mandates

Paul De Breuck

Managing director · since 15 juin 2018

Active

Pierre-Paul De Breuck

Director · since 15 juin 2018

Active

Ended mandates

Advies en Commitment

Manager · since 25 juin 2010 · 0462.209.651

Represented by Paul Etienne (AV 2016) de Breuck

Ended

Jean Jacques Libert (tot AV 2010)

Director · since 01 octobre 2006

Ended

Advies en Commitment

Director · 0462.209.651

Represented by Paul Etienne (AV 2016) de Breuck

Ended

Gaston Van San

Director · until 31 août 2006

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates26/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other22/01/2015
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares31/01/2014
KAPITAAL - AANDELEN
PDF
Mandates23/11/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares26/01/2012
KAPITAAL - AANDELEN
PDF
Mandates13/10/2010
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 2025304,1 k €↓
2024
Annual accounts 2024395 k €↑
2024
Name changeAteliers V.H.B.
2023
Annual accounts 2023279,3 k €↓
2022
Annual accounts 2022318,7 k €↑
2021
Annual accounts 2021258,4 k €↓
2021
Name changeATELIERS VHB
2020
Annual accounts 2020332,2 k €↑
2019
Annual accounts 2019234,8 k €↑
2018
Annual accounts 2018222,8 k €↑
2017
Annual accounts 2017203,3 k €↑
2016
Annual accounts 2016149,5 k €↑
2015
Annual accounts 2015120,3 k €↓
2014
Annual accounts 2014228,5 k €↑
2013
Annual accounts 2013181,3 k €↓
2012
Annual accounts 2012231,5 k €↑
2011
Annual accounts 2011228,1 k €↑
2010
Annual accounts 2010227,1 k €↑
2009
Annual accounts 2009204,2 k €↓
2008
Annual accounts 2008249,7 k €↓
2007
Annual accounts 2007258,9 k €↑
2006
Annual accounts 2006253,5 k €
11/05/1944
IncorporationPublic limited company

Ateliers V.H.B.

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Timeline