ACTIVE

VINCOTTE

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Financial year 2025 · closed on 31/12/2025

Net result

2,8 M €

-14.0% YoY

Revenue

136,1 M €

+3.4% YoY

Equity

21,7 M €

+14.8% YoY

Workforce

973,0 ETP

-1.6% YoY

What does VINCOTTE do?

VINCOTTE is a Non-profit organization incorporated in 1968. Its main activity is: Technical testing and analysis. Its registered office is in Vilvoorde. It employs on average 973,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0402.726.875

Incorporation

01/01/1968

Legal form

Non-profit organization

Registered office

Olieslagerslaan (Jan) 35
1800 Vilvoorde · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

973,0 ETP

Activities (NACE)

71209Technical testing and analysis· main 71209Technical testing and analysis 74302Translation and interpretation activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	136,1 M €	+3.4%	131,6 M €	+7.4%	122,6 M €	+13.7%	107,8 M €	+3.0%	104,7 M €	+2.7%	101,9 M €	-6.7%	109,2 M €	+3.1%	106 M €	+14.6%	92,5 M €	-8.9%	101,5 M €	+7.6%	94,3 M €	-0.6%	95 M €	+3.3%	91,9 M €	+0.9%	91,1 M €	+5.1%	86,7 M €	+0.3%	86,5 M €	+6.8%	81 M €	+6.1%	76,3 M €
EBITDA	3,3 M €	-14.3%	3,9 M €	+6292%	60,9 k €	+101%	-7,4 M €	-199%	-2,5 M €	+53.8%	-5,4 M €	-1166%	504,4 k €	+167%	-751,7 k €	+78.3%	-3,5 M €	-147%	7,3 M €	-6.2%	7,8 M €	-10.3%	8,7 M €	+89.3%	4,6 M €	-37.7%	7,4 M €	-12.7%	8,5 M €	-15.5%	10 M €	+68.7%	5,9 M €	+108%	2,9 M €
Operating result	3,1 M €	-8.5%	3,4 M €	+1643%	-218 k €	+97.2%	-7,7 M €	-217%	-2,4 M €	+52.8%	-5,1 M €	-9682%	53,7 k €	+103%	-1,6 M €	+61.9%	-4,2 M €	-170%	6,1 M €	-8.0%	6,6 M €	-19.3%	8,1 M €	+92.4%	4,2 M €	-31.8%	6,2 M €	-19.6%	7,7 M €	-16.0%	9,2 M €	+80.0%	5,1 M €	+167%	1,9 M €
Net result	2,8 M €	-14.0%	3,3 M €	+19.9%	2,7 M €	+134%	-7,9 M €	-212%	-2,5 M €	+49.5%	-5 M €	-229%	3,9 M €	+64.4%	2,4 M €	+112%	-19,7 M €	-43.5%	-13,7 M €	-1159%	1,3 M €	-69.7%	4,3 M €	+41.2%	3 M €	-51.7%	6,3 M €	-26.2%	8,5 M €	-7.8%	9,2 M €	+62.2%	5,7 M €	+166%	2,1 M €
Balance sheet
Equity	21,7 M €	+14.8%	18,9 M €	+20.7%	15,7 M €	+20.9%	13 M €	-37.8%	20,9 M €	-10.8%	23,4 M €	-17.6%	28,4 M €	+15.9%	24,5 M €	+10.7%	22,1 M €	-47.1%	41,9 M €	-24.7%	55,6 M €	+2.4%	54,3 M €	+8.5%	50 M €	+6.4%	47 M €	+15.4%	40,7 M €	+26.4%	32,2 M €	+40.0%	23 M €	+32.8%	17,3 M €
Total assets	55,6 M €	+13.8%	48,8 M €	-1.1%	49,4 M €	+13.2%	43,6 M €	-17.9%	53,1 M €	-11.0%	59,7 M €	-38.8%	97,4 M €	+4.3%	93,4 M €	+2.4%	91,2 M €	-24.4%	120,6 M €	+19.5%	100,9 M €	+5.6%	95,5 M €	+9.6%	87,1 M €	+3.9%	83,9 M €	+9.5%	76,6 M €	+12.1%	68,3 M €	+11.5%	61,3 M €	+12.8%	54,3 M €
Cash	329,7 k €	-95.1%	6,7 M €	-4.1%	7 M €	+64.5%	4,3 M €	-30.4%	6,1 M €	-30.2%	8,8 M €	+236%	2,6 M €	+12.9%	2,3 M €	-56.7%	5,3 M €	+27.7%	4,2 M €	+121%	1,9 M €	+19.4%	1,6 M €	+1.3%	1,6 M €	-24.7%	2,1 M €	+23.7%	1,7 M €	-6.6%	1,8 M €	+24.5%	1,4 M €	+97.0%	733,6 k €
Debts	26,5 M €	+30.1%	20,4 M €	-10.4%	22,7 M €	+7.8%	21,1 M €	-7.0%	22,7 M €	-15.1%	26,7 M €	-53.6%	57,6 M €	+14.3%	50,4 M €	+19.0%	42,4 M €	+27.0%	33,4 M €	+37.8%	24,2 M €	-2.4%	24,8 M €	+2.4%	24,2 M €	+0.9%	24 M €	+6.6%	22,5 M €	-2.5%	23,1 M €	-1.7%	23,5 M €	+4.6%	22,5 M €
Other
Workforce	973,0 ETP	-1.6%	988,7 ETP	+1.0%	978,9 ETP	-1.2%	990,8 ETP	-0.9%	999,8 ETP	+1.2%	987,9 ETP	+2.8%	961,2 ETP	+0.1%	960,3 ETP	+4.8%	916,4 ETP	+1.9%	899,3 ETP	-0.6%	904,8 ETP	-1.4%	917,8 ETP	+0.1%	916,9 ETP	+2.7%	892,5 ETP	+3.3%	863,8 ETP	+2.8%	840,5 ETP	+2.0%	823,9 ETP	-0.3%	826,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 118 ended

Active mandates

Luc LEROY

Chairman of the board of directors · since 19 juin 2025 · until 24 avril 2031

Active

Ilse VANDERLOCHT

Managing director · since 01 mars 2024 · until 29 avril 2027

Active

Bernard Hernandez

Director · since 01 février 2024 · until 29 avril 2027

Active

Ended mandates

Bernard De Cannière

Director · since 25 avril 2024 · until 31 décembre 2024 · 0478.015.802

Represented by Bernard DE CANNIERE

Ended

Bernard De Cannière

Director · since 25 avril 2024 · until 31 décembre 2024 · 0478.015.802

Represented by Bernard DE CANNIERE

Ended

Ilse Vanderlocht

Director · since 01 mars 2024 · until 29 avril 2027

Ended

DAB Management

Director · since 20 mai 2022 · until 24 avril 2025 · 0811.829.622

Represented by Dirk BOOGMANS

Ended

At this address

Other companies at this address

Company	CBE no.
A.P.A.C.● Active	0407.591.723
Belgische Groepering van Industriële Schilder-aannemers● Active	0466.981.259
VINÇOTTE● Active	0462.513.222
VINCOTTE ACADEMY● Active	0438.362.202
Vinçotte Certigo● Active	0821.076.888
Vinçotte International● Active	0416.988.944
Vinçotte VAT Unit● Active	0696.771.487

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	08/05/2026	23/06/2025	06/05/2024	08/05/2023	11/05/2022	11/05/2021
General meeting	30/04/2026	19/06/2025	25/04/2024	27/04/2023	28/04/2022	29/04/2021
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

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Filings

Annual accounts filings

40 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/04/2026	08/05/2026	Dutch	PDF
Full model	31/12/2025	30/04/2026	08/05/2026	French	PDF
Full model	31/12/2024	19/06/2025	23/06/2025	Dutch	PDF
Full model	31/12/2024	19/06/2025	23/06/2025	French	PDF
Full model	31/12/2023	25/04/2024	06/05/2024	Dutch	PDF
Full model	31/12/2023	25/04/2024	06/05/2024	French	PDF
Full model	31/12/2022	27/04/2023	08/05/2023	Dutch	PDF
Full model	31/12/2022	27/04/2023	08/05/2023	French	PDF
Full model	31/12/2021	28/04/2022	11/05/2022	Dutch	PDF
Full model	31/12/2021	28/04/2022	11/05/2022	French	PDF
Full model	31/12/2020	29/04/2021	11/05/2021	Dutch	PDF
Full model	31/12/2020	29/04/2021	11/05/2021	French	PDF
Full model	31/12/2019	30/04/2020	26/05/2020	French	PDF
Full model	31/12/2019	30/04/2020	26/05/2020	Dutch	PDF
Full model	31/12/2018	25/04/2019	23/05/2019	French	PDF
Full model	31/12/2018	25/04/2019	23/05/2019	Dutch	PDF
Full model	31/12/2017	26/04/2018	17/05/2018	French	PDF
Full model	31/12/2017	26/04/2018	17/05/2018	Dutch	PDF
Full model	31/12/2016	21/06/2017	29/06/2017	French	PDF
Full model	31/12/2016	21/06/2017	29/06/2017	Dutch	PDF
Full model	31/12/2015	28/04/2016	25/05/2016	Dutch	PDF
Full model	31/12/2015	28/04/2016	25/05/2016	French	PDF
Full model	31/12/2014	24/06/2015	10/07/2015	Dutch	PDF
Full model	31/12/2014	24/06/2015	10/07/2015	French	PDF

View all 40 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 118 ended

Active mandates

Luc LEROY

Chairman of the board of directors · since 19 juin 2025 · until 24 avril 2031

Active

Ilse VANDERLOCHT

Managing director · since 01 mars 2024 · until 29 avril 2027

Active

Bernard Hernandez

Director · since 01 février 2024 · until 29 avril 2027

Active

Ended mandates

Bernard De Cannière

Director · since 25 avril 2024 · until 31 décembre 2024 · 0478.015.802

Represented by Bernard DE CANNIERE

Ended

Bernard De Cannière

Director · since 25 avril 2024 · until 31 décembre 2024 · 0478.015.802

Represented by Bernard DE CANNIERE

Ended

Ilse Vanderlocht

Director · since 01 mars 2024 · until 29 avril 2027

Ended

DAB Management

Director · since 20 mai 2022 · until 24 avril 2025 · 0811.829.622

Represented by Dirk BOOGMANS

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates25/02/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates25/02/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates16/07/2024
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates16/07/2024
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates05/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/04/2024
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 20252,8 M €↓
19/06/2025
reconductionLuc Leroy — Président
19/06/2025
nominationRaf Cox — Commissaire
19/06/2025
reconductionLuc Leroy — Voorzitter
19/06/2025
nominationRaf Cox — Commissaris
2024
Annual accounts 20243,3 M €↑
01/03/2024
nominationIlse Vanderlocht — Administrateur délégué
01/03/2024
nominationIlse Vanderlocht — Gedelegeerd bestuurder
01/03/2024
nominationIlse Vanderlocht — administrateur
01/03/2024
nominationIlse Vanderlocht — bestuurder
01/02/2024
nominationBernard Hernandez — administrateur
01/02/2024
nominationBernard Hernandez — bestuurder
01/01/2024
nominationFrédéric Dewint — Directeur-General / gevolmachtigde tot het dagelijks bestuur
01/01/2024
nominationFrédéric Dewint — Directeur-Général / Délégué à la gestion journalière
2023
Annual accounts 20232,7 M €↑
2022
Annual accounts 2022-7,9 M €↓
20/05/2022
nominationPaul Hesselink — bestuurder
20/05/2022
nominationRudy Niemantsverdriet — bestuurder
20/05/2022
nominationLuc Leroy — bestuurder
28/04/2022
reconductionEY Bedrijfsrevisoren — Commissaris
28/04/2022
reconductionEY Réviseurs d'Entreprises — Commissaire
2021
Annual accounts 2021-2,5 M €↑
2020
Annual accounts 2020-5 M €↓
2019
Annual accounts 20193,9 M €↑
2018
Annual accounts 20182,4 M €↑
2017
Annual accounts 2017-19,7 M €↓
2016
Annual accounts 2016-13,7 M €↓
2015
Annual accounts 20151,3 M €↓
2014
Annual accounts 20144,3 M €↑
2013
Annual accounts 20133 M €↓
2012
Annual accounts 20126,3 M €↓
2011
Annual accounts 20118,5 M €↓
2010
Annual accounts 20109,2 M €↑
2009
Annual accounts 20095,7 M €↑
2008
Annual accounts 20082,1 M €
01/01/1968
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

VINCOTTE

Overview

What does VINCOTTE do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

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