ACTIVE

VIGAN ENGINEERING

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Financial year 2025 · closed on 31/12/2025

Net result

-1,9 M €

-214.2% YoY

Revenue

44,9 M €

+6.8% YoY

Equity

4,4 M €

-30.3% YoY

Workforce

33,9 ETP

+5.9% YoY

What does VIGAN ENGINEERING do?

VIGAN ENGINEERING is a Public limited company incorporated in 1969. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Nivelles. It employs on average 33,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0406.971.418

Incorporation

01/10/1969

Legal form

Public limited company

Registered office

Rue de l'Industrie 16
1400 Nivelles · WallonieSee on map

Contributed capital

1 000 000,00 €

Latest accounts

31/12/2025

Average workforce

33,9 ETP

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 74203Photographic activities+2

Joint committees (2)

Signals

Healthy social debtsHigh revenue

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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		2015		2014		2013		2012		2011		2009		2008		2007		2006
Income statement
Revenue	44,9 M €	+6.8%	42,1 M €	+23.1%	34,2 M €	+27.9%	26,7 M €	+16.7%	22,9 M €	+77.4%	12,9 M €	-59.2%	31,7 M €	+17.8%	26,9 M €	-24.1%	35,4 M €	+37.4%	25,8 M €	-23.8%	33,9 M €	+4.4%	32,4 M €	+23.1%	26,4 M €	+30.1%	20,3 M €	+14.6%	17,7 M €	-29.6%	25,1 M €	+40.6%	17,9 M €	+98.9%	9 M €	-56.5%	20,6 M €
EBITDA	-575,7 k €	-130%	1,9 M €	+77.0%	1,1 M €	-39.8%	1,8 M €	+104%	878,2 k €	+167%	-1,3 M €	-283%	711,7 k €	+3.1%	690,5 k €	-61.9%	1,8 M €	+243%	528,3 k €	-7.4%	570,6 k €	+28.0%	445,9 k €	+24.8%	357,4 k €	-11.2%	402,6 k €	+26.8%	317,5 k €	-78.7%	1,5 M €	+1271%	108,7 k €	+272%	-63,3 k €	-150%	127,8 k €
Operating result	-2,1 M €	-221%	1,7 M €	+88.6%	918 k €	-45.2%	1,7 M €	+137%	707 k €	+149%	-1,4 M €	-377%	522,6 k €	+26.7%	412,3 k €	-67.0%	1,3 M €	+373%	264,6 k €	-26.8%	361,2 k €	+20.8%	299,1 k €	+15.6%	258,8 k €	-4.7%	271,7 k €	+74.8%	155,4 k €	-80.2%	786,2 k €	+473%	-210,7 k €	-32.1%	-159,5 k €	-270%	94,1 k €
Net result	-1,9 M €	-214%	1,7 M €	+63.0%	1 M €	-20.8%	1,3 M €	+133%	560,2 k €	+141%	-1,4 M €	-1032%	148,4 k €	+42.1%	104,5 k €	-53.8%	225,9 k €	+152%	89,6 k €	-12.1%	102 k €	-13.7%	118,2 k €	-12.8%	135,6 k €	+1.6%	133,4 k €	+39.2%	95,9 k €	-72.7%	351,6 k €	+289%	-186,1 k €	-247%	126,3 k €	-19.9%	157,8 k €
Balance sheet
Equity	4,4 M €	-30.3%	6,4 M €	+36.0%	4,7 M €	+28.4%	3,6 M €	+55.8%	2,3 M €	+31.5%	1,8 M €	-43.7%	3,2 M €	+4.9%	3 M €	+3.6%	2,9 M €	+8.4%	2,7 M €	+3.5%	2,6 M €	+4.1%	2,5 M €	+5.0%	2,4 M €	+6.1%	2,2 M €	+6.3%	2,1 M €	+14.2%	1,8 M €	+23.6%	1,5 M €	-11.1%	1,7 M €	+8.1%	1,6 M €
Total assets	49,4 M €	-4.1%	51,5 M €	+42.3%	36,2 M €	+38.0%	26,2 M €	+17.5%	22,3 M €	+15.4%	19,3 M €	+2.3%	18,9 M €	+4.6%	18,1 M €	-21.2%	22,9 M €	-27.0%	31,4 M €	+29.4%	24,3 M €	+13.4%	21,4 M €	-2.8%	22 M €	+53.3%	14,4 M €	+17.8%	12,2 M €	-3.2%	12,6 M €	+55.7%	8,1 M €	-7.8%	8,8 M €	-21.6%	11,2 M €
Cash	3,1 M €	+571%	458,2 k €	-27.4%	630,9 k €	-77.8%	2,8 M €	+283%	743,7 k €	-46.2%	1,4 M €	+12.4%	1,2 M €	+28.5%	957,7 k €	+21.8%	786,5 k €	-85.9%	5,6 M €	+603%	790,8 k €	-25.6%	1,1 M €	+161%	407,1 k €	+269%	110,3 k €	+66.0%	66,5 k €	-94.2%	1,2 M €	-43.9%	2,1 M €	-23.4%	2,7 M €	+15.9%	2,3 M €
Debts	41,1 M €	+3.2%	39,8 M €	+41.4%	28,2 M €	+58.2%	17,8 M €	+11.6%	16 M €	+70.9%	9,3 M €	+5.7%	8,8 M €	+3.6%	8,5 M €	-31.2%	12,4 M €	-13.8%	14,4 M €	-10.1%	16 M €	+11.6%	14,3 M €	+2.4%	14 M €	+123%	6,3 M €	-11.8%	7,1 M €	-11.4%	8 M €	+46.2%	5,5 M €	+11.7%	4,9 M €	-16.4%	5,9 M €
Other
Workforce	33,9 ETP	+5.9%	32,0 ETP	+11.1%	28,8 ETP	+11.6%	25,8 ETP	+14.7%	22,5 ETP	-3.4%	23,3 ETP	-11.7%	26,4 ETP	-1.1%	26,7 ETP	+7.2%	24,9 ETP	+9.7%	22,7 ETP	+10.2%	20,6 ETP	+7.3%	19,2 ETP	+3.2%	18,6 ETP	+11.4%	16,7 ETP	-4.6%	17,5 ETP	+10.8%	15,8 ETP	+4.6%	15,1 ETP	+2.0%	14,8 ETP	+13.8%	13,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 15 ended

Active mandates

Bernadette BETHUNE

Director · since 30 avril 2021 · until 29 avril 2027

Active

Charles BEAUDUIN

Director · since 30 avril 2021 · until 29 avril 2027

Active

Nicolas DECHAMPS

Managing director · since 30 avril 2021 · until 29 avril 2027

Active

Ended mandates

Bernadette BETHUNE

Director · since 30 avril 2015 · until 29 avril 2021

Ended

BERNADETTE de BETHUNE

Director · since 30 avril 2015 · until 29 avril 2021

Ended

Charles BEAUDUIN

Director · since 30 avril 2015 · until 29 avril 2021

Ended

Nicolas Dechamps

Managing director · since 30 avril 2015 · until 29 avril 2021

Ended

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	26/05/2026	11/06/2025	14/05/2024	16/05/2023	25/05/2022	01/06/2021
General meeting	29/04/2026	30/04/2025	24/04/2024	26/04/2023	20/05/2022	07/05/2021
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	29/04/2026	26/05/2026	French	PDF
Full model	31/12/2024	30/04/2025	11/06/2025	French	PDF
Full model	31/12/2023	24/04/2024	14/05/2024	French	PDF
Full model	31/12/2022	26/04/2023	16/05/2023	French	PDF
Full model	31/12/2021	20/05/2022	25/05/2022	French	PDF
Full model	31/12/2020	07/05/2021	01/06/2021	French	PDF
Full model	31/12/2019	29/05/2020	14/08/2020	French	PDF
Full model	31/12/2018	29/05/2019	04/07/2019	French	PDF
Full model	31/12/2017	25/04/2018	06/07/2018	French	PDF
Full model	31/12/2016	26/04/2017	08/06/2017	French	PDF
Full model	31/12/2015	27/04/2016	23/05/2016	French	PDF
Full model	31/12/2014	29/04/2015	29/05/2015	French	PDF
Full model	31/12/2013	30/04/2014	26/05/2014	French	PDF
Full model	31/12/2012	24/04/2013	27/05/2013	French	PDF
Full model	31/12/2011	25/04/2012	21/05/2012	French	PDF
Full model	31/12/2010	27/04/2011	31/05/2011	French	PDF
Full model	31/12/2009	28/04/2010	10/05/2010	French	PDF
Full model	31/12/2008	29/04/2009	25/05/2009	French	PDF
Full model	31/12/2007	30/04/2008	23/05/2008	French	PDF
Full model	31/12/2006	25/04/2007	16/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 15 ended

Active mandates

Bernadette BETHUNE

Director · since 30 avril 2021 · until 29 avril 2027

Active

Charles BEAUDUIN

Director · since 30 avril 2021 · until 29 avril 2027

Active

Nicolas DECHAMPS

Managing director · since 30 avril 2021 · until 29 avril 2027

Active

Ended mandates

Bernadette BETHUNE

Director · since 30 avril 2015 · until 29 avril 2021

Ended

BERNADETTE de BETHUNE

Director · since 30 avril 2015 · until 29 avril 2021

Ended

Charles BEAUDUIN

Director · since 30 avril 2015 · until 29 avril 2021

Ended

Nicolas Dechamps

Managing director · since 30 avril 2015 · until 29 avril 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring31/08/2026
Dépôt du projet de fusion par absorption de la SA VIGAN TECHNOLOGY
PDF
Mandates14/08/2026
prolongation mandat du commissaire-réviseur
PDF
Other23/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates02/06/2023
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Mandates28/04/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates24/09/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates06/07/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates26/07/2016
DEMISSIONS, NOMINATIONS
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 2025-1,9 M €↓
2024
Annual accounts 20241,7 M €↑
2023
Annual accounts 20231 M €↓
2022
Annual accounts 20221,3 M €↑
2021
Annual accounts 2021560,2 k €↑
2020
Annual accounts 2020-1,4 M €↓
2019
Annual accounts 2019148,4 k €↑
2018
Annual accounts 2018104,5 k €↓
2017
Annual accounts 2017225,9 k €↑
2016
Annual accounts 201689,6 k €↓
2015
Annual accounts 2015102 k €↓
2014
Annual accounts 2014118,2 k €↓
2013
Annual accounts 2013135,6 k €↑
2012
Annual accounts 2012133,4 k €↑
2011
Annual accounts 201195,9 k €↓
2009
Annual accounts 2009351,6 k €↑
2008
Annual accounts 2008-186,1 k €↓
2007
Annual accounts 2007126,3 k €↓
2006
Annual accounts 2006157,8 k €
01/10/1969
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

VIGAN ENGINEERING

Overview

What does VIGAN ENGINEERING do?

Trend over 19 financial years

Indicative valuation

Board of directors

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