ACTIVE

VMD INVEST

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Financial year 2025 · closed on 31/12/2025

Net result

384,1 k €

-39.5% YoY

Equity

8,6 M €

+1.1% YoY

What does VMD INVEST do?

VMD INVEST is a Public limited company incorporated in 1974. Its registered office is in Watermael-Boitsfort.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0414.219.296

Incorporation

24/04/1974

Legal form

Public limited company

Registered office

Rue de l'Hospice Communal 6
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

1 487 500,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
EBITDA	80,5 k €	+0.6%	80 k €	-15.7%	94,9 k €	+32.4%	71,7 k €	-28.9%	100,8 k €	+259%	28,1 k €	-37.0%	44,6 k €	-5.1%	47 k €	-16.5%	56,3 k €	-40.9%	95,3 k €	+113%	44,7 k €	-55.5%	100,3 k €	-0.5%	100,8 k €	-7.9%	109,4 k €	-57.5%	257,1 k €	+442%	-75,2 k €	-116%	-34,8 k €
Operating result	80,5 k €	+0.9%	79,8 k €	-15.5%	94,4 k €	+32.6%	71,2 k €	-28.0%	98,8 k €	+252%	28,1 k €	-37.0%	44,6 k €	-5.1%	47 k €	-16.5%	56,3 k €	-40.9%	95,3 k €	+113%	44,7 k €	-55.5%	100,3 k €	-0.5%	100,8 k €	-7.9%	109,4 k €	-57.5%	257,1 k €	+442%	-75,2 k €	-116%	-34,8 k €
Net result	384,1 k €	-39.5%	634,5 k €	+20.6%	526,2 k €	-21.2%	667,9 k €	+10.2%	606,2 k €	-44.7%	1,1 M €	+106%	533,2 k €	+70.5%	312,8 k €	-21.9%	400,3 k €	-5.5%	423,5 k €	+45.2%	291,7 k €	+651%	38,9 k €	-93.4%	592,9 k €	-36.1%	928,4 k €	+28.8%	720,5 k €	+11.3%	647,6 k €	+8.5%	596,9 k €
Balance sheet
Equity	8,6 M €	+1.1%	8,5 M €	+4.7%	8,2 M €	+3.5%	7,9 M €	+4.1%	7,6 M €	+4.2%	7,3 M €	+12.5%	6,5 M €	+2.8%	6,3 M €	+0.1%	6,3 M €	+0.7%	6,2 M €	+1.1%	6,2 M €	+0.1%	6,2 M €	-4.9%	6,5 M €	+1.4%	6,4 M €	+6.4%	6 M €	+3.0%	5,8 M €	+2.1%	5,7 M €
Total assets	9,4 M €	-0.1%	9,4 M €	+3.2%	9,1 M €	+1.2%	9 M €	+12.7%	8 M €	-0.3%	8 M €	+8.7%	7,4 M €	-0.4%	7,4 M €	-2.0%	7,6 M €	-0.5%	7,6 M €	+10.9%	6,9 M €	+4.8%	6,5 M €	-6.8%	7 M €	+0.9%	7 M €	+5.9%	6,6 M €	+2.7%	6,4 M €	+2.7%	6,2 M €
Cash	764,8 k €	+10.5%	691,8 k €	+6.6%	649,1 k €	-30.6%	935,9 k €	+13.9%	821,7 k €	-50.6%	1,7 M €	+162%	634,8 k €	+57.5%	403 k €	-39.4%	665,6 k €	-4.9%	700,2 k €	+388%	143,6 k €	-72.1%	515,2 k €	-69.3%	1,7 M €	+228%	511,6 k €	+44.2%	354,8 k €	-9.8%	393,2 k €	+199%	131,6 k €
Debts	759,1 k €	-11.9%	861,8 k €	-9.4%	951,6 k €	-14.6%	1,1 M €	+169%	414 k €	-44.1%	740,6 k €	-18.8%	912,3 k €	-2.7%	937,5 k €	-13.6%	1,1 M €	-6.7%	1,2 M €	+74.9%	664,4 k €	+83.2%	362,7 k €	-28.5%	507,6 k €	-8.1%	552,4 k €	+0.4%	550,2 k €	-0.0%	550,2 k €	+8.4%	507,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 40 ended

Active mandates

Frédéric de Beule

Director · since 13 juin 2025 · until 09 juin 2028

Active

Frédéric de Broux

Director · since 13 juin 2025 · until 09 juin 2028

Active

Jean-François Caeymaex

Director · since 13 juin 2025 · until 09 juin 2028

Active

Priscilla van Meerbeeck

Director · since 13 juin 2025 · until 09 juin 2028

Active

Stéphane Willaert

Director · since 13 juin 2025 · until 09 juin 2028

Active

Ended mandates

Olivier Knapp

Director · since 09 juin 2023 · until 13 juin 2025

Ended

Agnes Flemal

Director · since 10 juin 2022 · until 13 juin 2025

Ended

Agnès Flémal

Director · since 10 juin 2022 · until 14 juin 2025

Ended

François Crop

Director · since 14 juin 2019 · until 13 juin 2025

Ended

At this address

Other companies at this address

Company	CBE no.
DIGICALISM● Active	0674.698.940
D.Sight Consulting● Active	0688.848.270
ERISMA● Active	0771.885.418
LE GRAND TOUCAN● Active	0781.333.218
SAVICS● Active	0649.519.522
TRANSTERMINAL LOGISTICS● Liquidation	0471.971.910
VMD Real Estate● Active	0429.629.430

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	16/06/2026	16/07/2025	04/07/2024	03/07/2023	28/06/2022	06/07/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	09/06/2023	10/06/2022	11/06/2021
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

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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	12/06/2026	16/06/2026	French	PDF
Full model	31/12/2024	13/06/2025	16/07/2025	French	PDF
Full model	31/12/2023	14/06/2024	04/07/2024	French	PDF
Full model	31/12/2022	09/06/2023	03/07/2023	French	PDF
Full model	31/12/2021	10/06/2022	28/06/2022	French	PDF
Full model	31/12/2020	11/06/2021	06/07/2021	French	PDF
Full model	31/12/2019	12/06/2020	11/08/2020	French	PDF
Full model	31/12/2018	14/06/2019	28/06/2019	French	PDF
Full model	31/12/2017	08/06/2018	31/07/2018	French	PDF
Full model	31/12/2016	09/06/2017	23/06/2017	French	PDF
Full model	31/12/2015	10/06/2016	31/08/2016	French	PDF
Full model	31/12/2014	12/06/2015	31/08/2015	French	PDF
Full model	31/12/2013	13/06/2014	31/07/2014	French	PDF
Full model	31/12/2012	14/06/2013	10/07/2013	French	PDF
Full model	31/12/2011	08/06/2012	28/07/2012	French	PDF
Full model	31/12/2010	10/06/2011	15/07/2011	French	PDF
Full model	31/12/2009	11/06/2010	29/06/2010	French	PDF
Full model	31/12/2008	12/06/2009	30/06/2009	French	PDF
Full model	31/12/2007	13/06/2008	01/07/2008	French	PDF
Full model	31/12/2006	08/06/2007	23/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 5 active · 40 ended

Active mandates

Frédéric de Beule

Director · since 13 juin 2025 · until 09 juin 2028

Active

Frédéric de Broux

Director · since 13 juin 2025 · until 09 juin 2028

Active

Jean-François Caeymaex

Director · since 13 juin 2025 · until 09 juin 2028

Active

Priscilla van Meerbeeck

Director · since 13 juin 2025 · until 09 juin 2028

Active

Stéphane Willaert

Director · since 13 juin 2025 · until 09 juin 2028

Active

Ended mandates

Olivier Knapp

Director · since 09 juin 2023 · until 13 juin 2025

Ended

Agnes Flemal

Director · since 10 juin 2022 · until 13 juin 2025

Ended

Agnès Flémal

Director · since 10 juin 2022 · until 14 juin 2025

Ended

François Crop

Director · since 14 juin 2019 · until 13 juin 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/09/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates29/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates11/12/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates08/11/2023
DEMISSIONS, NOMINATIONS
PDF
Other31/08/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office20/11/2020
SIEGE SOCIAL
PDF
Mandates19/09/2019
DEMISSIONS, NOMINATIONS
PDF
Other28/12/2017
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025384,1 k €↓
2024
Annual accounts 2024634,5 k €↑
2023
Annual accounts 2023526,2 k €↓
2022
Annual accounts 2022667,9 k €↑
2021
Annual accounts 2021606,2 k €↓
2017
Annual accounts 20171,1 M €↑
2016
Annual accounts 2016533,2 k €↑
2015
Annual accounts 2015312,8 k €↓
2014
Annual accounts 2014400,3 k €↓
2013
Annual accounts 2013423,5 k €↑
2012
Annual accounts 2012291,7 k €↑
2011
Annual accounts 201138,9 k €↓
2010
Annual accounts 2010592,9 k €↓
2009
Annual accounts 2009928,4 k €↑
2008
Annual accounts 2008720,5 k €↑
2007
Annual accounts 2007647,6 k €↑
2006
Annual accounts 2006596,9 k €
24/04/1974
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

VMD INVEST

Overview

What does VMD INVEST 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