ACTIVE

VERBIESE

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Financial year 2025 · closed on 30/09/2025

Net result

59,2 k €

-4.2% YoY

Gross margin

373,6 k €

+3.8% YoY

Equity

471,3 k €

+0.9% YoY

Workforce

5,5 ETP

+10.0% YoY

What does VERBIESE do?

VERBIESE is a Public limited company incorporated in 1963. Its registered office is in Ieper. It employs on average 5,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0405.467.918

Incorporation

12/12/1963

Legal form

Public limited company

Registered office

Poperingseweg 125
8900 Ieper · FlandreSee on map

Contributed capital

147 006,54 €

Latest accounts

30/09/2025

Average workforce

5,5 ETP

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	373,6 k €	+3.8%	359,9 k €	+6.3%	338,5 k €	-6.5%	362,1 k €	+16.0%	312 k €	+12.0%	278,6 k €	+0.2%	278 k €	-14.3%	324,4 k €	+11.1%	291,9 k €	-3.4%	302,1 k €	-21.5%	384,8 k €	+13.4%	339,2 k €	+26.6%	267,8 k €	+17.1%	228,6 k €	+2.8%	222,5 k €	+4.0%	214 k €	+18.8%	180,1 k €	-9.0%	197,9 k €	+13.4%	174,5 k €
EBITDA	84,2 k €	-2.9%	86,7 k €	-1.9%	88,4 k €	-22.0%	113,4 k €	+101%	56,3 k €	+70.5%	33 k €	-19.5%	41 k €	-58.2%	98,2 k €	+81.0%	54,3 k €	-25.8%	73,1 k €	-54.2%	159,8 k €	+32.1%	121 k €	+21.9%	99,2 k €	+39.6%	71,1 k €	-6.4%	76 k €	+9.5%	69,4 k €	+6.7%	65,1 k €	-19.2%	80,5 k €	-1.3%	81,6 k €
Operating result	65,7 k €	+1.9%	64,5 k €	-2.8%	66,3 k €	-43.1%	116,5 k €	+234%	34,9 k €	+170%	12,9 k €	+32.7%	9,7 k €	-83.7%	59,7 k €	+2218%	-2,8 k €	-5.7%	-2,7 k €	-103%	88,4 k €	+77.2%	49,9 k €	+38.6%	36 k €	+16.9%	30,8 k €	-4.1%	32,1 k €	+2.9%	31,2 k €	+8.0%	28,9 k €	-12.7%	33,1 k €	+9.8%	30,1 k €
Net result	59,2 k €	-4.2%	61,8 k €	+2.5%	60,2 k €	-45.8%	111,1 k €	+275%	29,6 k €	+174%	10,8 k €	+427%	2,1 k €	-96.3%	55,4 k €	+1911%	2,8 k €	+550%	423,5 €	-99.3%	64,7 k €	+43.7%	45 k €	+12.2%	40,1 k €	+26.7%	31,7 k €	+6.3%	29,8 k €	+17.5%	25,4 k €	+11.7%	22,7 k €	-2.9%	23,4 k €	+53.1%	15,3 k €
Balance sheet
Equity	471,3 k €	+0.9%	467,2 k €	+2.6%	455,4 k €	+4.5%	435,7 k €	+0.3%	434,6 k €	-0.1%	434,9 k €	+2.6%	424,1 k €	+0.5%	422 k €	+2.5%	411,7 k €	+0.7%	408,9 k €	-24.3%	540 k €	+13.6%	475,3 k €	+5.5%	450,6 k €	+6.0%	424,9 k €	+6.3%	399,7 k €	+7.9%	370,3 k €	+7.2%	345,4 k €	+6.9%	323,2 k €	+7.6%	300,2 k €
Total assets	748,2 k €	+16.1%	644,4 k €	-5.9%	684,9 k €	-14.2%	798,4 k €	+8.7%	734,7 k €	+10.4%	665,7 k €	-1.6%	676,4 k €	-5.9%	719 k €	+8.3%	664,2 k €	+9.6%	606,2 k €	-15.3%	715,9 k €	-0.6%	720 k €	-7.8%	781,1 k €	+10.1%	709,2 k €	-0.1%	709,7 k €	+18.0%	601,3 k €	-0.8%	606,3 k €	-9.6%	670,6 k €	+1.0%	663,7 k €
Cash	179,2 k €	+58.0%	113,4 k €	-30.4%	162,9 k €	-41.7%	279,4 k €	+37.5%	203,2 k €	-8.3%	221,5 k €	-3.9%	230,5 k €	+14.2%	201,8 k €	+9.6%	184,2 k €	+59.0%	115,8 k €	-26.9%	158,5 k €	+24.3%	127,5 k €	+16.2%	109,7 k €	+118%	50,4 k €	-38.4%	81,8 k €	+388%	16,8 k €	+130%	7,3 k €	-49.5%	14,5 k €	+979%	1,3 k €
Debts	221,6 k €	+81.3%	122,3 k €	-29.8%	174,2 k €	-43.4%	307,6 k €	+39.2%	221 k €	+45.7%	151,6 k €	-12.5%	173,4 k €	-20.4%	217,7 k €	+25.4%	173,6 k €	+46.7%	118,3 k €	+22.1%	96,9 k €	-41.5%	165,8 k €	-34.1%	251,4 k €	+22.7%	204,9 k €	-20.4%	257,4 k €	+25.5%	205 k €	-21.1%	260 k €	-24.9%	346,3 k €	-4.4%	362,2 k €
Other
Workforce	5,5 ETP	+10.0%	5,0 ETP	+11.1%	4,5 ETP	-10.0%	5,0 ETP	+2.0%	4,9 ETP	-2.0%	5,0 ETP	+4.2%	4,8 ETP	+2.1%	4,7 ETP	-4.1%	4,9 ETP	-2.0%	5,0 ETP	+2.0%	4,9 ETP	+2.1%	4,8 ETP	+20.0%	4,0 ETP	+33.3%	3,0 ETP	+7.1%	2,8 ETP	0.0%	2,8 ETP	-3.4%	2,9 ETP	-6.5%	3,1 ETP	+40.9%	2,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 19 ended

Active mandates

MACS - holding

Director · since 07 décembre 2023 · until 06 mars 2029 · 0628.431.821

Represented by Stein Verbiese

Active

Ended mandates

MACS - holding

Chairman of the board of directors · since 06 mars 2020 · 0628.431.821

Represented by Stein VERBIESE

Ended

MACS - holding

Managing director · since 06 mars 2020 · until 06 mars 2026 · 0628.431.821

Represented by Stein Verbiese

Ended

MACS - holding

Managing director · since 06 mars 2020 · until 31 décembre 2026 · 0628.431.821

Represented by Stein Verbiese

Ended

MACS - holding

Managing director · since 08 avril 2015 · until 07 mars 2020 · 0628.431.821

Represented by Stein Verbiese

Ended

At this address

Other companies at this address

Company	CBE no.
MACS - holding● Active	0628.431.821

Annual accounts

Full financial information

	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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/04/2026	23/04/2025	09/04/2024	28/04/2023	29/03/2022	29/04/2021
General meeting	06/03/2026	07/03/2025	01/03/2024	03/03/2023	04/03/2022	05/03/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	06/03/2026	14/04/2026	Dutch	PDF
Abridged model	30/09/2024	07/03/2025	23/04/2025	Dutch	PDF
Abridged model	30/09/2023	01/03/2024	09/04/2024	Dutch	PDF
Abridged model	30/09/2022	03/03/2023	28/04/2023	Dutch	PDF
Abridged model	30/09/2021	04/03/2022	29/03/2022	Dutch	PDF
Abridged model	30/09/2020	05/03/2021	29/04/2021	Dutch	PDF
Abridged model	30/09/2019	06/03/2020	28/04/2020	Dutch	PDF
Abridged model	30/09/2018	01/03/2019	12/03/2019	Dutch	PDF
Abridged model	30/09/2017	02/03/2018	27/03/2018	Dutch	PDF
Abridged model	30/09/2016	03/03/2017	31/03/2017	Dutch	PDF
Abridged model	30/09/2015	04/03/2016	30/03/2016	Dutch	PDF
Abridged model	30/09/2014	06/02/2015	10/03/2015	Dutch	PDF
Abridged model	30/09/2013	07/03/2014	30/04/2014	Dutch	PDF
Abridged model	30/09/2012	01/03/2013	29/04/2013	Dutch	PDF
Abridged model	30/09/2011	02/03/2012	27/04/2012	Dutch	PDF
Abridged model	30/09/2010	04/03/2011	28/04/2011	Dutch	PDF
Abridged model	30/09/2009	05/03/2010	31/03/2010	Dutch	PDF
Abridged model	30/09/2008	06/03/2009	30/03/2009	Dutch	PDF
Abridged model	30/09/2007	07/03/2008	05/05/2008	Dutch	PDF
Abridged model	30/09/2006	02/03/2007	31/05/2007	Dutch	PDF

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.

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 30/09/2025 · 1 active · 19 ended

Active mandates

MACS - holding

Director · since 07 décembre 2023 · until 06 mars 2029 · 0628.431.821

Represented by Stein Verbiese

Active

Ended mandates

MACS - holding

Chairman of the board of directors · since 06 mars 2020 · 0628.431.821

Represented by Stein VERBIESE

Ended

MACS - holding

Managing director · since 06 mars 2020 · until 06 mars 2026 · 0628.431.821

Represented by Stein Verbiese

Ended

MACS - holding

Managing director · since 06 mars 2020 · until 31 décembre 2026 · 0628.431.821

Represented by Stein Verbiese

Ended

MACS - holding

Managing director · since 08 avril 2015 · until 07 mars 2020 · 0628.431.821

Represented by Stein Verbiese

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/05/2015
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring09/03/2015
DOEL - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring25/11/2014
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates03/06/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/08/2009
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 202559,2 k €↓
2024
Annual accounts 202461,8 k €↑
2023
Annual accounts 202360,2 k €↓
2022
Annual accounts 2022111,1 k €↑
2021
Annual accounts 202129,6 k €↑
2020
Annual accounts 202010,8 k €↑
2019
Annual accounts 20192,1 k €↓
2018
Annual accounts 201855,4 k €↑
2017
Annual accounts 20172,8 k €↑
2016
Annual accounts 2016423,5 €↓
2014
Annual accounts 201464,7 k €↑
2013
Annual accounts 201345 k €↑
2012
Annual accounts 201240,1 k €↑
2011
Annual accounts 201131,7 k €↑
2010
Annual accounts 201029,8 k €↑
2009
Annual accounts 200925,4 k €↑
2008
Annual accounts 200822,7 k €↓
2007
Annual accounts 200723,4 k €↑
2006
Annual accounts 200615,3 k €
12/12/1963
IncorporationPublic limited company

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

VERBIESE

Overview

What does VERBIESE do?

Trend over 19 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