ACTIVE

VDL KTI

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result2,9 M €+9,8 %over 1 year

Revenue27 M €-7,6 %over 1 year

Equity7,6 M €-6,4 %over 1 year

Workforce78,1 ETP-2,7 %over 1 year

Identity

Source · BCE/KBO

VDL KTI is a Public limited company incorporated in 1948. Its main activity is: Manufacture of central heating radiators and boilers. Its registered office is in Mol. It employs on average 78,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0403.776.158
Incorporation: 07/10/1948
Legal form: Public limited company
Registered office: Nijverheidsstraat 10
2400 Mol · FlandreSee on map
Contributed capital: 1 240 000,00 €
Latest accounts: 31/12/2025
Average workforce: 78,1 ETP

Activities (NACE)

25210Manufacture of central heating radiators and boilers· main 25300Manufacture of steam generators, except central heating hot water boilers 25999Manufacture of other fabricated metal products n.e.c.25999Manufacture of other fabricated metal products n.e.c.28300Manufacture of agricultural and forestry machinery 28755Manufacture of machinery and equipment n.e.c.

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	27 M €	-7.6%	29,3 M €	+0.4%	29,2 M €	-24.7%	38,7 M €	+29.1%	30 M €
EBITDA	4,6 M €	+12.4%	4,1 M €	+90.0%	2,1 M €	-59.3%	5,2 M €	-4.6%	5,5 M €
Operating result	3,7 M €	+10.4%	3,3 M €	+155%	1,3 M €	-67.7%	4 M €	-5.4%	4,3 M €
Net result	2,9 M €	+9.8%	2,7 M €	+146%	1,1 M €	-63.6%	3 M €	-2.7%	3,1 M €
Balance sheet
Equity	7,6 M €	-6.4%	8,1 M €	-4.4%	8,5 M €	-31.5%	12,4 M €	-0.5%	12,5 M €
Total assets	25,1 M €	+11.2%	22,5 M €	+13.5%	19,9 M €	+2.1%	19,4 M €	-1.6%	19,7 M €
Cash	2,1 M €	+148%	846,7 k €	-71.8%	3 M €	+536%	473,2 k €	-68.4%	1,5 M €
Debts	16,6 M €	+22.7%	13,5 M €	+29.0%	10,5 M €	+72.9%	6 M €	-5.4%	6,4 M €
Other
Workforce	78,1 ETP	-2.7%	80,3 ETP	-3.9%	83,6 ETP	-3.8%	86,9 ETP	-0.1%	87,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Simon Jacobs	Director01/02/2026 → 14/06/2030
Dorus van Leeuwen	Director01/01/2020 → 14/06/2030
VDL Holding Belgium0465.057.293Represented by Leen Van de Voorde	Director18/05/2012 → 14/06/2030Managing director19/05/2006 → 2015 accountsended
VDL International BVRepresented by Edwin Willems	Director19/05/2006 → 14/06/2030Managing director18/05/2012 → 2016 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Wilhelmus H.M. van Hout	Director20/05/2016 → 2019 accounts
Marinus W.J.M. Vermeulen	Managing director18/05/2012 → 2015 accounts
Marinus Vermeulen	Director19/05/2006 → 2007 accounts

Other companies at this address

Nijverheidsstraat 10 2400 Mol

Company	CBE no.
VDL KTI Process Engineering● Active	0799.544.967

Full financial information

Source · NBB

	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	24/06/2026	24/06/2025	04/07/2024	12/06/2023	16/06/2022	16/06/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	19/05/2023	20/05/2022	21/05/2021
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

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	12/06/2026	24/06/2026	Dutch	PDF
Full model	31/12/2024	13/06/2025	24/06/2025	Dutch	PDF
Full model	31/12/2023	14/06/2024	04/07/2024	Dutch	PDF
Full model	31/12/2022	19/05/2023	12/06/2023	Dutch	PDF
Full model	31/12/2021	20/05/2022	16/06/2022	Dutch	PDF
Full model	31/12/2020	21/05/2021	16/06/2021	Dutch	PDF
Full model	31/12/2019	15/05/2020	08/06/2020	Dutch	PDF
Full model	31/12/2018	17/05/2019	14/06/2019	Dutch	PDF
Full model	31/12/2017	18/05/2018	14/06/2018	Dutch	PDF
Full model	31/12/2016	19/05/2017	14/06/2017	Dutch	PDF
Full model	31/12/2015	20/05/2016	15/06/2016	Dutch	PDF
Full model	31/12/2014	15/05/2015	15/06/2015	Dutch	PDF
Full model	31/12/2013	16/05/2014	12/06/2014	Dutch	PDF
Full model	31/12/2012	17/05/2013	14/06/2013	Dutch	PDF
Full model	31/12/2011	18/05/2012	12/06/2012	Dutch	PDF
Full model	31/12/2010	20/05/2011	14/06/2011	Dutch	PDF
Full model	31/12/2009	21/05/2010	15/06/2010	Dutch	PDF
Full model	31/12/2008	15/05/2009	15/06/2009	Dutch	PDF
Full model	31/12/2007	16/05/2008	06/06/2008	Dutch	PDF
Full model	31/12/2006	18/05/2007	07/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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

4 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Simon Jacobs	Director01/02/2026 → 14/06/2030
Dorus van Leeuwen	Director01/01/2020 → 14/06/2030
VDL Holding Belgium0465.057.293Represented by Leen Van de Voorde	Director18/05/2012 → 14/06/2030Managing director19/05/2006 → 2015 accountsended
VDL International BVRepresented by Edwin Willems	Director19/05/2006 → 14/06/2030Managing director18/05/2012 → 2016 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Wilhelmus H.M. van Hout	Director20/05/2016 → 2019 accounts
Marinus W.J.M. Vermeulen	Managing director18/05/2012 → 2015 accounts
Marinus Vermeulen	Director19/05/2006 → 2007 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates23/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other18/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ALGEMENE VERGADERING
PDF
Mandates18/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/09/2019
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1948

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Simon Jacobs

VDL Holding Belgium

VDL International BV

Dorus van Leeuwen

Wilhelmus H.M. van Hout

Marinus W.J.M. Vermeulen

Marinus Vermeulen

MWJM Vermeulen

19661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

VDL KTI

Nijverheidsstraat 10, 2400 Mol

Director

DirectorManaging director

Director

Managing directorDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Nijverheidsstraat 10, 2400 MolCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00206815

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
VDL KTICurrent	accounts 2007 → 2025	Accounts 2025 · 2026-00206815
K.T.I. Belgium	accounts 2006	Accounts 2006 · 2007-19500241

Events

2025
Annual accounts 20252,9 M €↑
2024
Annual accounts 20242,7 M €↑
2023
Annual accounts 20231,1 M €↓
2022
Annual accounts 20223 M €↓
2021
Annual accounts 20213,1 M €↓
2020
Annual accounts 20203,6 M €↓
2019
Annual accounts 20196,6 M €↑
2018
Annual accounts 20182,4 M €↑
2017
Annual accounts 20171,6 M €↓
2016
Annual accounts 20163,6 M €↑
2015
Annual accounts 20151,7 M €↑
2014
Annual accounts 20141,2 M €↑
2013
Annual accounts 201337 k €↓
2012
Annual accounts 20121,3 M €↑
2011
Annual accounts 20111,1 M €↑
2010
Annual accounts 2010-281,1 k €↓
2009
Annual accounts 2009147,4 k €↓
2008
Annual accounts 2008936,6 k €↓
2007
Annual accounts 20071,5 M €↑
2007
Name changeVDL KTI
2006
Annual accounts 200615 k €
07/10/1948
IncorporationPublic limited company

VDL KTI

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events