ACTIVE

V.M.A.

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Financial year 2025 · closed on 31/12/2025

Net result

4,5 M €

+1724.6% YoY

Revenue

106,8 M €

+8.9% YoY

Equity

24,6 M €

+2.1% YoY

Workforce

324,0 ETP

-6.4% YoY

What does V.M.A. do?

V.M.A. is a Public limited company incorporated in 1968. Its main activity is: Electrical installation. Its registered office is in Sint-Martens-Latem. It employs on average 324,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0406.419.112

Incorporation

19/09/1968

Legal form

Public limited company

Registered office

Kortrijksesteenweg 14 box B
9830 Sint-Martens-Latem · FlandreSee on map

Contributed capital

8 111 167,00 €

Latest accounts

31/12/2025

Average workforce

324,0 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories

Joint committees (3)

14901
200
218

Signals

ProfitableLow 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 17 financial years

	2025		2024		2023		2022		2021		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2007		2006
Income statement
Revenue	106,8 M €	+8.9%	98,1 M €	-26.0%	132,5 M €	+16.0%	114,2 M €	+38.2%	82,6 M €	+84.5%	44,8 M €	-26.2%	60,7 M €	-5.6%	64,3 M €	+16.2%	55,3 M €	+11.5%	49,6 M €	+12.1%	44,2 M €	+22.7%	36,1 M €	+6.9%	33,7 M €	-9.6%	37,3 M €	+55.3%	24 M €	-37.3%	38,3 M €	+32.8%	28,8 M €
EBITDA	8,1 M €	+1514%	-576 k €	-125%	2,3 M €	-74.9%	9,1 M €	+180%	3,3 M €	+37.9%	2,4 M €	-39.5%	3,9 M €	-28.1%	5,4 M €	+72.7%	3,1 M €	-20.0%	3,9 M €	+47.4%	2,7 M €	+20.9%	2,2 M €	+10.3%	2 M €	-18.6%	2,5 M €	-10.1%	2,7 M €	+25.8%	2,2 M €	+71.6%	1,3 M €
Operating result	6,5 M €	+1001%	-719,5 k €	-412%	230,5 k €	-96.6%	6,7 M €	+115%	3,1 M €	+53.8%	2 M €	-46.0%	3,8 M €	-25.8%	5,1 M €	+83.3%	2,8 M €	-21.1%	3,5 M €	+54.3%	2,3 M €	+21.4%	1,9 M €	+8.1%	1,7 M €	-22.9%	2,3 M €	-6.0%	2,4 M €	+37.1%	1,7 M €	+62.9%	1,1 M €
Net result	4,5 M €	+1725%	-276,7 k €	-148%	573,7 k €	-89.9%	5,7 M €	+129%	2,5 M €	+57.4%	1,6 M €	-66.4%	4,7 M €	+33.7%	3,5 M €	+77.2%	2 M €	-16.4%	2,4 M €	+43.0%	1,7 M €	+20.7%	1,4 M €	-1.7%	1,4 M €	-16.3%	1,7 M €	-15.6%	2 M €	+57.5%	1,3 M €	+34.2%	933,9 k €
Balance sheet
Equity	24,6 M €	+2.1%	24,1 M €	-0.9%	24,3 M €	+2.4%	23,8 M €	+109%	11,4 M €	+30.7%	8,7 M €	+4.3%	8,4 M €	+5.9%	7,9 M €	+4.7%	7,5 M €	+2.7%	7,3 M €	+3.3%	7,1 M €	+2.4%	6,9 M €	+2.0%	6,8 M €	+2.1%	6,7 M €	+2.6%	6,5 M €	+10.5%	5,9 M €	+27.1%	4,6 M €
Total assets	83,7 M €	+11.2%	75,3 M €	-4.3%	78,7 M €	-3.6%	81,6 M €	+92.1%	42,5 M €	+27.3%	33,4 M €	+48.6%	22,5 M €	-24.9%	29,9 M €	+30.0%	23 M €	-3.2%	23,8 M €	-10.5%	26,6 M €	+49.9%	17,7 M €	+1.6%	17,5 M €	-14.3%	20,4 M €	+17.3%	17,3 M €	+20.8%	14,4 M €	-2.1%	14,7 M €
Cash	58,6 k €	+115%	27,2 k €	-89.5%	259,4 k €	-18.6%	318,6 k €	+26.9%	251 k €	-43.3%	442,5 k €	-41.5%	756,1 k €	-44.8%	1,4 M €	-32.9%	2 M €	-56.3%	4,7 M €	-29.8%	6,6 M €	+2797%	229,3 k €	-81.5%	1,2 M €	+175%	449,8 k €	+29.8%	346,5 k €	-83.5%	2,1 M €	+2086%	95,9 k €
Debts	48,8 M €	+18.4%	41,2 M €	-4.3%	43,1 M €	-8.6%	47,1 M €	+53.0%	30,8 M €	+27.5%	24,2 M €	+71.3%	14,1 M €	-32.6%	20,9 M €	+45.5%	14,4 M €	-6.2%	15,3 M €	-16.5%	18,4 M €	+89.2%	9,7 M €	+1.4%	9,6 M €	-24.1%	12,6 M €	+34.5%	9,4 M €	+26.6%	7,4 M €	-17.5%	9 M €
Other
Workforce	324,0 ETP	-6.4%	346,0 ETP	+14.6%	302,0 ETP	-1.2%	305,6 ETP	+12.6%	271,5 ETP	+29.6%	209,5 ETP	+27.0%	165,0 ETP	+5.0%	157,2 ETP	+0.6%	156,2 ETP	+3.0%	151,7 ETP	+4.4%	145,3 ETP	+3.4%	140,5 ETP	+4.1%	135,0 ETP	+3.8%	130,0 ETP	-5.1%	137,0 ETP	-9.3%	151,0 ETP	+1.3%	149,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 51 ended

Active mandates

EVCR

Director · since 25 mars 2025 · until 27 mars 2029 · 1018.629.464

Represented by ERIC DE RIBAUCOURT

Active

Consulton

Director · since 17 juin 2024 · until 27 mars 2029 · 0747.615.721

Represented by PETER MATTON

Active

Idicon

Director · since 16 mai 2023 · until 16 mai 2029 · 0797.428.486

Represented by JOHAN DE BRUYCKERE

Active

JEMATIX

Director · since 16 mai 2023 · until 16 mai 2029 · 0794.798.697

Represented by JOACHIM AGNEESSENS

Active

Oolu

Director · since 16 mai 2023 · until 16 mai 2029 · 0729.992.603

Represented by JORIS WOUTERS

Active

AN HERREMANS

Director · since 05 octobre 2022 · until 27 mars 2029

Active

MSQ

Director · since 28 juin 2019 · until 27 mars 2029 · 0700.413.046

Represented by FABIEN DE JONGE

Active

NICOLAS NICOLAUS

Director · since 01 juin 2018 · until 27 mars 2029

Active

TROREMA

Director · since 01 juin 2018 · until 27 mars 2029 · 0899.683.413

Represented by RAYMUND TROST

Active

Ended mandates

TRiE

Director · since 16 mai 2023 · until 16 mai 2029 · 0826.966.669

Represented by THOMAS DUCAMP

Ended

AN HERREMANS

Director · since 05 octobre 2022 · until 17 mai 2023

Ended

MSQ

Director · since 28 juin 2019 · until 25 mars 2025 · 0700.413.046

Represented by FABIEN DE JONGE

Ended

MACON

Managing director · since 26 mars 2019 · until 25 mars 2025 · 0466.082.822

Represented by GUY WYNENDAELE

Ended

At this address

Other companies at this address

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TIJDELIJKE HANDELSVENNOOTSCHAP VMA-EEG AXA CONSCIENCE● Active	0662.541.771
Tijdelijke Handelsvennootschap VMA-FAB BNP● Active	0697.583.913
Tijdelijke Vennootschap VMA - Van De Walle● Active	0728.779.905
TM VMA/EEG - UZA-J● Active	0744.478.265

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	28/04/2026	03/04/2025	21/06/2024	25/05/2023	20/06/2022	02/06/2021
General meeting	31/03/2026	25/03/2025	17/06/2024	16/05/2023	17/06/2022	28/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	31/03/2026	28/04/2026	Dutch	PDF
Full model	31/12/2024	25/03/2025	03/04/2025	Dutch	PDF
Full model	31/12/2023	17/06/2024	21/06/2024	Dutch	PDF
Full model	31/12/2022	16/05/2023	25/05/2023	Dutch	PDF
Full model	31/12/2021	17/06/2022	20/06/2022	Dutch	PDF
Full model	31/12/2020	28/05/2021	02/06/2021	Dutch	PDF
Full model	31/12/2019	09/06/2020	16/06/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	15/07/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	29/06/2018	Dutch	PDF
Full model	31/12/2016	24/04/2017	23/05/2017	Dutch	PDF
Full model	31/12/2015	19/04/2016	12/05/2016	Dutch	PDF
Full model	31/12/2014	29/04/2015	13/05/2015	Dutch	PDF
Full model	31/12/2013	15/04/2014	07/05/2014	Dutch	PDF
Full model	31/12/2012	26/03/2013	18/04/2013	Dutch	PDF
Full model	31/12/2011	04/06/2012	13/06/2012	Dutch	PDF
Full model	31/12/2010	06/06/2011	17/06/2011	Dutch	PDF
Full model	31/12/2009	07/06/2010	29/06/2010	Dutch	PDF
Full model	31/12/2008	22/06/2009	11/09/2009	Dutch	PDF
Full model	31/12/2007	02/06/2008	16/07/2008	Dutch	PDF
Full model	31/12/2006	11/06/2007	16/07/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 51 ended

Active mandates

EVCR

Director · since 25 mars 2025 · until 27 mars 2029 · 1018.629.464

Represented by ERIC DE RIBAUCOURT

Active

Consulton

Director · since 17 juin 2024 · until 27 mars 2029 · 0747.615.721

Represented by PETER MATTON

Active

Idicon

Director · since 16 mai 2023 · until 16 mai 2029 · 0797.428.486

Represented by JOHAN DE BRUYCKERE

Active

JEMATIX

Director · since 16 mai 2023 · until 16 mai 2029 · 0794.798.697

Represented by JOACHIM AGNEESSENS

Active

Oolu

Director · since 16 mai 2023 · until 16 mai 2029 · 0729.992.603

Represented by JORIS WOUTERS

Active

AN HERREMANS

Director · since 05 octobre 2022 · until 27 mars 2029

Active

MSQ

Director · since 28 juin 2019 · until 27 mars 2029 · 0700.413.046

Represented by FABIEN DE JONGE

Active

NICOLAS NICOLAUS

Director · since 01 juin 2018 · until 27 mars 2029

Active

TROREMA

Director · since 01 juin 2018 · until 27 mars 2029 · 0899.683.413

Represented by RAYMUND TROST

Active

Ended mandates

TRiE

Director · since 16 mai 2023 · until 16 mai 2029 · 0826.966.669

Represented by THOMAS DUCAMP

Ended

AN HERREMANS

Director · since 05 octobre 2022 · until 17 mai 2023

Ended

MSQ

Director · since 28 juin 2019 · until 25 mars 2025 · 0700.413.046

Represented by FABIEN DE JONGE

Ended

MACON

Managing director · since 26 mars 2019 · until 25 mars 2025 · 0466.082.822

Represented by GUY WYNENDAELE

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/09/2026
Ontslag, Coöptatie en Delegatie van maatschappelijke handtekeningengen
PDF
Mandates09/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring02/08/2024
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares04/03/2024
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring27/11/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates23/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/02/2023
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 20254,5 M €↑
25/03/2025
reconductionMSQ BV (vertegenwoordigd door Fabien De Jonge) — bestuurder
25/03/2025
nominationEVCR BV (vertegenwoordigd door Eric de Ribaucourt) — bestuurder
2024
Annual accounts 2024-276,7 k €↓
17/06/2024
nominationConsulton VOF — bestuurder
17/06/2024
reconductionNicolas Nicolaus — bestuurder
17/06/2024
reconductionTrorema BV — bestuurder
17/06/2024
reconductionEY Bedrijfsrevisoren BV — commissaris
01/01/2024
augmentation_capitalCFE CONTRACTING
2023
Annual accounts 2023573,7 k €↓
24/11/2023
nominationMarnix Van Dooren — Commissaris
16/05/2023
nominationTRIE BV — bestuurder
16/05/2023
nominationJEMATIX BV — bestuurder
16/05/2023
nominationIDICON BV — bestuurder
16/05/2023
nominationOOLU BV — bestuurder
16/05/2023
reconductionAn Herremans — bestuurder
2022
Annual accounts 20225,7 M €↑
05/10/2022
nominationAn Herremans — bestuurder
2021
Annual accounts 20212,5 M €↑
2019
Annual accounts 20191,6 M €↓
2017
Annual accounts 20174,7 M €↑
2016
Annual accounts 20163,5 M €↑
2015
Annual accounts 20152 M €↓
2014
Annual accounts 20142,4 M €↑
2013
Annual accounts 20131,7 M €↑
2012
Annual accounts 20121,4 M €↓
2011
Annual accounts 20111,4 M €↓
2010
Annual accounts 20101,7 M €↓
2009
Annual accounts 20092 M €↑
2007
Annual accounts 20071,3 M €↑
2006
Annual accounts 2006933,9 k €
19/09/1968
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

V.M.A.

Overview

What does V.M.A. do?

Trend over 17 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