VMF
0400.930.395 · rovalta.com · 21/09/2026
ACTIVE
VMF
Financial year 2025 · closed on 31/12/2025
Net result
112,1 k €
+473.4% YoY
Gross margin
186 k €
+49.1% YoY
Equity
1,1 M €
+11.9% YoY
Overview
What does VMF do?
VMF is a Public limited company incorporated in 1921. Its main activity is: Manufacture of engines and turbines, except aircraft, vehicle and cycle engines. Its registered office is in Diest.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0400.930.395
Incorporation
09/10/1921
Legal form
Public limited company
Registered office
Peerstraat 25
3290 Diest · FlandreSee on map
3290 Diest · FlandreSee on map
Contributed capital
878 910,00 €
Latest accounts
31/12/2025
Activities (NACE)
Joint committees (2)
- 111
- 209
Signals
ProfitablePositive cashflowPositive EBITDA
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Financials
Trend over 14 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2007 | 2006 | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||
| Gross margin | 186 k € | +49.1% | 124,8 k € | -39.3% | 205,4 k € | – | – | 154,1 k € | -33.4% | 231,5 k € | – | – | – | – | 1,5 M € | -13.1% | 1,7 M € | -13.5% | 2 M € | ||||||||
| EBITDA | 184,6 k € | +55.4% | 118,8 k € | -40.7% | 200,4 k € | -26.6% | 273,1 k € | +26.2% | 216,4 k € | +473% | 37,8 k € | -71.5% | 132,7 k € | +15.4% | 114,9 k € | +132% | -354,4 k € | +36.9% | -561,4 k € | +41.0% | -951,4 k € | -42.0% | -670,2 k € | -1354% | -46,1 k € | -139% | 119,1 k € |
| Operating result | 113,2 k € | +105% | 55,3 k € | -55.0% | 122,7 k € | -43.4% | 216,9 k € | +33.0% | 163 k € | +466% | 28,8 k € | -76.9% | 124,7 k € | +25.6% | 99,2 k € | +127% | -364,8 k € | +47.1% | -689 k € | +36.1% | -1,1 M € | -27.2% | -847,2 k € | -423% | -162 k € | -1520% | 11,4 k € |
| Net result | 112,1 k € | +473% | -30 k € | -104% | 805,8 k € | +886% | 81,7 k € | -62.1% | 215,5 k € | +1303% | 15,4 k € | -80.2% | 77,5 k € | +127% | -291 k € | -130% | 973,6 k € | +207% | -907 k € | -137% | -382,2 k € | +35.5% | -592,2 k € | -340% | -134,7 k € | -2347% | -5,5 k € |
| Balance sheet | |||||||||||||||||||||||||||
| Equity | 1,1 M € | +11.9% | 939,4 k € | -3.1% | 969,5 k € | +493% | 163,6 k € | +99.9% | 81,9 k € | -51.1% | 167,5 k € | +10.1% | 152,1 k € | +104% | 74,6 k € | -79.6% | 365,6 k € | +171% | -517,9 k € | -233% | 390,4 k € | +1509% | 24,3 k € | -96.1% | 618,8 k € | -18.0% | 754,9 k € |
| Total assets | 4,2 M € | +4.0% | 4 M € | -8.0% | 4,4 M € | +160% | 1,7 M € | +9.0% | 1,5 M € | -38.6% | 2,5 M € | +1.9% | 2,5 M € | +0.8% | 2,4 M € | -2.4% | 2,5 M € | +83.4% | 1,4 M € | -23.7% | 1,8 M € | -22.5% | 2,3 M € | -11.6% | 2,6 M € | -8.3% | 2,9 M € |
| Cash | 10,1 k € | -69.0% | 32,7 k € | -70.8% | 112 k € | +2104% | 5,1 k € | -80.9% | 26,7 k € | -64.1% | 74,4 k € | +986% | 6,9 k € | -42.1% | 11,8 k € | -70.6% | 40,3 k € | -48.1% | 77,6 k € | -63.2% | 210,8 k € | +124% | 94,3 k € | -28.3% | 131,4 k € | -2.2% | 134,3 k € |
| Debts | 3 M € | +1.7% | 3 M € | -9.4% | 3,3 M € | +138% | 1,4 M € | +3.9% | 1,3 M € | -33.4% | 2 M € | +3.3% | 1,9 M € | -0.7% | 1,9 M € | +18.0% | 1,6 M € | -5.5% | 1,7 M € | +47.3% | 1,2 M € | -47.3% | 2,2 M € | +20.5% | 1,9 M € | +3.8% | 1,8 M € |
| Other | |||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | 0,1 ETP | -50.0% | 0,2 ETP | -50.0% | 0,4 ETP | -94.9% | 7,8 ETP | -59.2% | 19,1 ETP | -22.7% | 24,7 ETP | -12.7% | 28,3 ETP | -28.7% | 39,7 ETP | -1.0% | 40,1 ETP | |||||
Estimate
Indicative valuation
As an indication, this company is worth
between 500 k€ and 1 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 25 ended
Active mandates
Twiggy Verbeeck
ActiveBart Henkens
ActiveGert Van Erum
ActiveEnded mandates
Bart Henkens
EndedBart Henkens
EndedTwiggy Verbeeck
EndedTwiggy Verbeeck
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
GETinvest● Active | 0895.369.386 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Full model | Full 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 | 01/07/2026 | 25/06/2025 | 03/07/2024 | 10/07/2023 | 05/07/2022 | 31/08/2021 |
| General meeting | 05/06/2026 | 06/06/2025 | 07/06/2024 | 30/06/2023 | 30/06/2022 | 31/08/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
48 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 05/06/2026 | 01/07/2026 | Dutch | |
| Abridged model | 31/12/2024 | 06/06/2025 | 25/06/2025 | Dutch | |
| Abridged model | 31/12/2023 | 07/06/2024 | 03/07/2024 | Dutch | |
| Full model | 31/12/2022 | 30/06/2023 | 10/07/2023 | Dutch | |
| Full model | 31/12/2021 | 30/06/2022 | 05/07/2022 | Dutch | |
| Abridged model | 31/12/2020 | 31/08/2021 | 31/08/2021 | Dutch | |
| Abridged model | 31/12/2019 | 15/09/2020 | 28/10/2020 | Dutch | |
| Abridged model | 31/12/2018 | 07/06/2019 | 11/07/2019 | Dutch | |
| Abridged model | 31/12/2017 | 01/06/2018 | 28/06/2018 | Dutch | |
| Abridged model | 31/12/2016 | 02/06/2017 | 11/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 03/06/2016 | 06/07/2016 | Dutch | |
| Abridged model | 31/12/2014 | 05/06/2015 | 17/07/2015 | Dutch | |
| Full model | 31/12/2013 | 06/06/2014 | 16/07/2014 | Dutch | |
| Full model | 31/12/2012 | 07/06/2013 | 06/09/2013 | Dutch | |
| Full model | 31/12/2011 | 22/06/2012 | 30/08/2012 | Dutch | |
| Full model | 31/12/2010 | 03/06/2011 | 05/07/2011 | Dutch | |
| Abridged model | 30/09/2009 | 05/03/2010 | 11/03/2010 | Dutch | |
| Abridged model | 31/12/2007 | 09/04/2008 | 21/05/2008 | Dutch | |
| Abridged model | 31/12/2006 | 11/04/2007 | 09/05/2007 | Dutch | |
| Abridged model | 31/12/2005 | 12/04/2006 | 28/06/2006 | Dutch | |
| Abridged model | 31/12/2004 | 02/05/2005 | 23/05/2005 | Dutch | |
| Full model | 31/12/2003 | 14/04/2004 | 14/05/2004 | Dutch | |
| Full model | 31/12/2002 | 09/04/2003 | 12/05/2003 | Dutch | |
| Full model | 31/12/2001 | 10/04/2002 | 09/08/2002 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 500 k€ and 1 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 25 ended
Active mandates
Twiggy Verbeeck
ActiveBart Henkens
ActiveGert Van Erum
ActiveEnded mandates
Bart Henkens
EndedBart Henkens
EndedTwiggy Verbeeck
EndedTwiggy Verbeeck
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates17/06/2026ONTSLAGEN - BENOEMINGEN
- Mandates20/08/2024ONTSLAGEN - BENOEMINGEN
- Other22/12/2023STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates01/08/2022ONTSLAGEN - BENOEMINGEN
- Mandates01/12/2020ONTSLAGEN - BENOEMINGEN
- Mandates26/06/2018ONTSLAGEN - BENOEMINGEN
- Other04/11/2016STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates22/09/2016ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025112,1 k €↑
- 2024Annual accounts 2024-30 k €↓
- 2023Annual accounts 2023805,8 k €↑
- 2022Annual accounts 202281,7 k €↓
- 2021Annual accounts 2021215,5 k €↑
- 2015Annual accounts 201515,4 k €↓
- 2014Annual accounts 201477,5 k €↑
- 2013Annual accounts 2013-291 k €↓
- 2012Annual accounts 2012973,6 k €↑
- 2011Annual accounts 2011-907 k €↓
- 2010Annual accounts 2010-382,2 k €↑
- 2009Annual accounts 2009-592,2 k €↓
- 2007Annual accounts 2007-134,7 k €↓
- 2006Annual accounts 2006-5,5 k €
- 09/10/1921IncorporationPublic limited company