ACTIVE

VKB PROJECTS

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-152,4 k €

-124.3% YoY

Gross margin

-95,7 k €

-110.4% YoY

Equity

10,3 M €

-1.5% YoY

What does VKB PROJECTS do?

VKB PROJECTS is a Public limited company incorporated in 1970. Its main activity is: Development of building projects. Its registered office is in Oostende.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0407.549.755

Incorporation

24/10/1970

Legal form

Public limited company

Registered office

Vuurtorendok-Zuid 3 box 0803
8400 Oostende · FlandreSee on map

Contributed capital

225 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 23321Manufacture of bricks, tiles and construction products, in baked clay 23321Manufacture of bricks, tiles and construction products, in baked clay 26402Manufacture of consumer electronics 41102Development of building projects+4

Joint committees (2)

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-95,7 k €	-110%	918,4 k €	-18.4%	1,1 M €	+1.3%	1,1 M €	-2.7%	1,1 M €	+408%	224,9 k €	-31.9%	330,2 k €	-16.8%	396,8 k €	+19.8%	331,3 k €	-52.1%	691 k €	+70.3%	405,8 k €		–		–		–		–		–		–		–
EBITDA	-165,5 k €	-121%	803,5 k €	-24.5%	1,1 M €	+4.1%	1 M €	-5.8%	1,1 M €	+461%	193,3 k €	-30.7%	279 k €	-22.9%	361,8 k €	+36.2%	265,6 k €	-61.7%	693,7 k €	+197%	-715,8 k €	-23357%	3,1 k €	-99.2%	368,4 k €	-29.7%	524,1 k €	+119%	239,5 k €	-33.7%	361,1 k €	-48.8%	704,7 k €	+16.7%	603,6 k €
Operating result	-292 k €	-148%	610,5 k €	-37.6%	977,9 k €	-8.0%	1,1 M €	+64.8%	645,3 k €	+373%	136,4 k €	-36.8%	215,9 k €	-22.8%	279,5 k €	+42.0%	196,8 k €	-69.0%	634,3 k €	+155%	-1,1 M €	-243%	-333,6 k €	-1429%	-21,8 k €	-111%	198,2 k €	+715%	24,3 k €	-60.6%	61,8 k €	-85.2%	418,5 k €	+46.8%	285,1 k €
Net result	-152,4 k €	-124%	626,9 k €	-28.3%	874,3 k €	+38.7%	630,4 k €	+26.0%	500,2 k €	+257%	140,2 k €	-45.1%	255,5 k €	+7.8%	237,1 k €	-10.2%	264 k €	-62.3%	700,2 k €	+170%	-994,6 k €	-478%	-172,2 k €	-202%	168,5 k €	-55.0%	374,4 k €	+244%	108,9 k €	-54.8%	240,9 k €	-46.7%	451,7 k €	+63.6%	276,1 k €
Balance sheet
Equity	10,3 M €	-1.5%	10,4 M €	+3.7%	10 M €	+9.5%	9,2 M €	+7.4%	8,5 M €	+6.2%	8 M €	+1.8%	7,9 M €	+3.3%	7,6 M €	+3.2%	7,4 M €	+3.7%	7,1 M €	+10.9%	6,4 M €	-13.4%	7,4 M €	-2.3%	7,6 M €	+2.3%	7,4 M €	+5.3%	7,1 M €	+1.6%	7 M €	+3.6%	6,7 M €	-0.7%	6,8 M €
Total assets	10,3 M €	-3.6%	10,7 M €	+6.1%	10,1 M €	+8.1%	9,3 M €	+6.7%	8,7 M €	+3.1%	8,5 M €	+1.7%	8,3 M €	+5.3%	7,9 M €	+3.0%	7,7 M €	+3.5%	7,4 M €	+9.8%	6,8 M €	-16.6%	8,1 M €	-2.3%	8,3 M €	+0.7%	8,2 M €	+3.5%	8 M €	-0.5%	8 M €	-3.5%	8,3 M €	-3.2%	8,6 M €
Cash	912,7 k €	+56.4%	583,4 k €	-12.2%	664,9 k €	-60.3%	1,7 M €	+41.8%	1,2 M €	+10.4%	1,1 M €	-66.5%	3,2 M €	+64.0%	1,9 M €	-28.0%	2,7 M €	+53.1%	1,8 M €	-0.1%	1,8 M €	+30.2%	1,4 M €	-4.4%	1,4 M €	-5.6%	1,5 M €	-22.2%	1,9 M €	+14.9%	1,7 M €	+55.0%	1,1 M €	+121%	490,9 k €
Debts	37,4 k €	-86.3%	273,1 k €	+857%	28,5 k €	-80.8%	148,6 k €	+899%	14,9 k €	-93.5%	228 k €	+10.2%	206,9 k €	+569%	30,9 k €	+22.4%	25,3 k €	+48.3%	17 k €	-54.1%	37,1 k €	-91.6%	441 k €	-5.5%	466,7 k €	-19.0%	575,9 k €	-11.7%	652,2 k €	-16.7%	783,2 k €	-34.7%	1,2 M €	-18.4%	1,5 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		8,6 ETP	-67.2%	26,2 ETP	-4.7%	27,5 ETP	-13.8%	31,9 ETP	-8.6%	34,9 ETP	0.0%	34,9 ETP	-5.9%	37,1 ETP	-3.9%	38,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 16 ended

Active mandates

Arva Build

Director · 1014.132.624

Represented by Vankeirsbilck Arnaud

Active

Magalie Hamerlinck

Director

Active

Tonny Vankeirsbilck

Managing director

Active

Ended mandates

Arva Build

Director · since 04 novembre 2024 · 1014.132.624

Represented by Arnaud VANKEIRSBILCK

Ended

Magalie Hamerlinck

Director · since 30 juin 2023

Ended

Tonny Vankeirsbilck

Director · since 30 juin 2023

Ended

Magalie Hamerlinck

Director · since 27 novembre 2017 · until 23 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
Dajan● Active	0776.530.233
Luc Demeester Lth● Active	0465.675.620

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	01/01/2025	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	24/08/2026	28/08/2025	31/08/2024	31/08/2023	29/09/2022	31/08/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	24/08/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	31/08/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	29/09/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	08/09/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	22/08/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	30/08/2018	Dutch	PDF
Abridged model	30/11/2016	26/05/2017	28/06/2017	Dutch	PDF
Abridged model	30/11/2015	30/06/2016	20/07/2016	Dutch	PDF
Full model	31/12/2013	27/06/2014	22/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	19/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	20/07/2012	Dutch	PDF
Full model	31/12/2010	24/06/2011	04/07/2011	Dutch	PDF
Full model	31/12/2009	25/06/2010	25/06/2010	Dutch	PDF
Full model	31/12/2008	26/06/2009	27/07/2009	Dutch	PDF
Full model	31/12/2007	27/06/2008	25/07/2008	Dutch	PDF
Full model	31/12/2006	30/06/2007	13/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 16 ended

Active mandates

Arva Build

Director · 1014.132.624

Represented by Vankeirsbilck Arnaud

Active

Magalie Hamerlinck

Director

Active

Tonny Vankeirsbilck

Managing director

Active

Ended mandates

Arva Build

Director · since 04 novembre 2024 · 1014.132.624

Represented by Arnaud VANKEIRSBILCK

Ended

Magalie Hamerlinck

Director · since 30 juin 2023

Ended

Tonny Vankeirsbilck

Director · since 30 juin 2023

Ended

Magalie Hamerlinck

Director · since 27 novembre 2017 · until 23 juin 2023

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/11/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/09/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates29/12/2017
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates23/03/2016
ONTSLAGEN - BENOEMINGEN
PDF
Other05/02/2015
BOEKJAAR
PDF
Registered office26/11/2014
BENAMING - MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/07/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2011
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 2025-152,4 k €↓
2024
Annual accounts 2024626,9 k €↓
2023
Annual accounts 2023874,3 k €↑
2022
Annual accounts 2022630,4 k €↑
2021
Annual accounts 2021500,2 k €↑
2020
Annual accounts 2020140,2 k €↓
2019
Annual accounts 2019255,5 k €↑
2018
Annual accounts 2018237,1 k €↓
2017
Annual accounts 2017264 k €↓
2016
Annual accounts 2016700,2 k €↑
2015
Annual accounts 2015-994,6 k €↓
2013
Annual accounts 2013-172,2 k €↓
2012
Annual accounts 2012168,5 k €↓
2011
Annual accounts 2011374,4 k €↑
2010
Annual accounts 2010108,9 k €↓
2009
Annual accounts 2009240,9 k €↓
2008
Annual accounts 2008451,7 k €↑
2007
Annual accounts 2007276,1 k €
24/10/1970
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

VKB PROJECTS

Overview

What does VKB PROJECTS 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