ACTIVE

VEOS

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Financial year 2025 · closed on 31/12/2025

Net result

11,8 M €

-2.1% YoY

Revenue

62,2 M €

+2.3% YoY

Equity

25,4 M €

+8.6% YoY

Workforce

64,1 ETP

+3.6% YoY

What does VEOS do?

VEOS is a Public limited company incorporated in 1974. Its registered office is in Wingene. It employs on average 64,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0414.304.024

Incorporation

30/05/1974

Legal form

Public limited company

Registered office

Akkerstraat 4A
8750 Wingene · FlandreSee on map

Contributed capital

571 000,00 €

Latest accounts

31/12/2025

Average workforce

64,1 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2007
Income statement
Revenue	62,2 M €	+2.3%	60,8 M €	+7.5%	56,6 M €	-0.4%	56,9 M €	+16.1%	49 M €	+11.2%	44 M €	-1.7%	44,8 M €	+14.1%	39,3 M €	+3.5%	37,9 M €	+20.7%	31,4 M €	+2.4%	30,7 M €	+36.1%	22,6 M €	+5.2%	21,4 M €	+7.0%	20 M €	+17.3%	17,1 M €	+0.6%	17 M €	+16.2%	14,6 M €	+10.0%	13,3 M €
EBITDA	22,4 M €	+7.5%	20,8 M €	+12.2%	18,5 M €	+10.3%	16,8 M €	+5.1%	16 M €	+17.4%	13,6 M €	-6.6%	14,6 M €	+31.5%	11,1 M €	-3.3%	11,5 M €	+58.0%	7,2 M €	+15.4%	6,3 M €	+31.5%	4,8 M €	-3.9%	5 M €	-2.0%	5,1 M €	+5.5%	4,8 M €	-8.2%	5,2 M €	+19.4%	4,4 M €	-4.5%	4,6 M €
Operating result	15,8 M €	-0.3%	15,8 M €	+12.9%	14 M €	+7.8%	13 M €	+7.9%	12,1 M €	+57.6%	7,6 M €	+8.1%	7,1 M €	+53.0%	4,6 M €	+8.9%	4,2 M €	+75.9%	2,4 M €	-25.4%	3,2 M €	+52.9%	2,1 M €	+10.2%	1,9 M €	-26.5%	2,6 M €	-28.7%	3,7 M €	-9.0%	4 M €	+29.1%	3,1 M €	-14.4%	3,6 M €
Net result	11,8 M €	-2.1%	12,1 M €	+13.4%	10,7 M €	+7.1%	10 M €	+7.1%	9,3 M €	+168%	3,5 M €	-33.7%	5,2 M €	+55.7%	3,4 M €	-7.5%	3,6 M €	+44.2%	2,5 M €	+125%	1,1 M €	-6.2%	1,2 M €	-17.7%	1,4 M €	-25.0%	1,9 M €	-22.1%	2,5 M €	-9.7%	2,7 M €	+48.9%	1,8 M €	-15.3%	2,2 M €
Balance sheet
Equity	25,4 M €	+8.6%	23,4 M €	+9.8%	21,3 M €	+4.9%	20,3 M €	+25.5%	16,2 M €	-8.6%	17,7 M €	-37.7%	28,4 M €	+22.6%	23,2 M €	+17.0%	19,8 M €	+22.5%	16,2 M €	+16.7%	13,8 M €	+7.1%	12,9 M €	+8.3%	11,9 M €	+11.7%	10,7 M €	+34.3%	8 M €	+45.3%	5,5 M €	+29.5%	4,2 M €	+32.9%	3,2 M €
Total assets	57,4 M €	+9.7%	52,3 M €	-10.3%	58,3 M €	+39.5%	41,8 M €	+27.0%	32,9 M €	-9.5%	36,4 M €	-17.5%	44,1 M €	+11.3%	39,6 M €	-7.4%	42,8 M €	+6.5%	40,2 M €	+39.6%	28,8 M €	+8.1%	26,6 M €	-5.9%	28,3 M €	-2.8%	29,1 M €	+67.2%	17,4 M €	-7.8%	18,9 M €	+13.3%	16,7 M €	+13.8%	14,6 M €
Cash	3,7 M €	+109%	1,8 M €	-53.9%	3,9 M €	-20.2%	4,8 M €	+26.1%	3,8 M €	-39.4%	6,3 M €	+93.4%	3,3 M €	+317%	786,4 k €	-46.9%	1,5 M €	+10.1%	1,3 M €	-46.5%	2,5 M €	+37.4%	1,8 M €	-56.6%	4,2 M €	-49.1%	8,3 M €	+193%	2,8 M €	-49.1%	5,6 M €	+36.0%	4,1 M €	+417%	789,5 k €
Debts	31,7 M €	+9.5%	29 M €	-21.8%	37 M €	+75.0%	21,2 M €	+29.1%	16,4 M €	-10.6%	18,3 M €	+21.3%	15,1 M €	-5.3%	16 M €	-29.5%	22,6 M €	+0.3%	22,6 M €	+72.7%	13,1 M €	+3.9%	12,6 M €	-22.8%	16,3 M €	-9.4%	18 M €	+101%	9 M €	-29.9%	12,8 M €	+8.1%	11,8 M €	+8.4%	10,9 M €
Other
Workforce	64,1 ETP	+3.6%	61,9 ETP	+3.9%	59,6 ETP	+0.8%	59,1 ETP	+5.3%	56,1 ETP	-10.4%	62,6 ETP	+9.6%	57,1 ETP	-2.1%	58,3 ETP	+7.6%	54,2 ETP	+14.8%	47,2 ETP	+11.3%	42,4 ETP	+11.6%	38,0 ETP	+8.3%	35,1 ETP	+9.7%	32,0 ETP	+7.7%	29,7 ETP	+10.0%	27,0 ETP	+12.5%	24,0 ETP	-12.7%	27,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 12 ended

Active mandates

IPORA

Managing director · since 30 juin 2017 · until 27 mai 2026 · 0822.902.963

Represented by Robert Slee

Active

WENTER

Director · since 30 juin 2017 · until 27 mai 2026 · 0822.761.126

Represented by Wim Slee

Active

Ended mandates

IPORA

Director · since 30 juin 2017 · until 30 juin 2022 · 0822.902.963

Represented by Robert Slee

Ended

Trenovo NV

Managing director · since 30 juin 2017 · until 30 décembre 2020 · 0841.671.176

Represented by Robert Slee

Ended

TRENOVO NV

Managing director · since 30 juin 2017 · until 30 juin 2022 · 0841.671.176

Represented by bestuurder IPORA BVBA

Ended

WENTER

Director · since 30 juin 2017 · until 30 juin 2022 · 0822.761.126

Represented by Wim Slee

Ended

At this address

Other companies at this address

Company	CBE no.
PROTRANS ZWEVEZELE● Active	0459.835.923
TRENOVO BELGIE● Active	0760.720.223
TRENOVO INTERNATIONAL● Active	0760.719.035
ZEBEMA● Active	0427.035.372
ZWEVEZEELS HOUTBEDRIJF● Active	0445.024.815

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	02/07/2026	30/06/2025	11/06/2024	05/06/2023	05/07/2022	23/07/2021
General meeting	30/06/2026	31/05/2025	31/05/2024	31/05/2023	30/06/2022	30/06/2021
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	30/06/2026	02/07/2026	Dutch	PDF
Full model	31/12/2024	31/05/2025	30/06/2025	Dutch	PDF
Full model	31/12/2023	31/05/2024	11/06/2024	Dutch	PDF
Full model	31/12/2022	31/05/2023	05/06/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	05/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	23/07/2021	Dutch	PDF
Full model	31/12/2019	31/07/2020	26/08/2020	Dutch	PDF
Full model	31/12/2018	27/06/2019	15/07/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	10/07/2018	Dutch	PDF
Full model	31/12/2016	25/09/2017	23/11/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	15/11/2016	Dutch	PDF
Full model	31/12/2014	27/05/2015	26/11/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	18/12/2014	Dutch	PDF
Full model	31/12/2012	29/06/2013	05/12/2013	Dutch	PDF
Full model	31/12/2011	30/06/2012	31/07/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	28/11/2011	Dutch	PDF
Full model	31/12/2009	03/11/2010	23/11/2010	Dutch	PDF
Full model	31/12/2008	27/05/2009	27/01/2010	Dutch	PDF
Full model	31/12/2007	28/05/2008	20/01/2009	Dutch	PDF
Full model	31/12/2006	23/07/2007	09/05/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 2 active · 12 ended

Active mandates

IPORA

Managing director · since 30 juin 2017 · until 27 mai 2026 · 0822.902.963

Represented by Robert Slee

Active

WENTER

Director · since 30 juin 2017 · until 27 mai 2026 · 0822.761.126

Represented by Wim Slee

Active

Ended mandates

IPORA

Director · since 30 juin 2017 · until 30 juin 2022 · 0822.902.963

Represented by Robert Slee

Ended

Trenovo NV

Managing director · since 30 juin 2017 · until 30 décembre 2020 · 0841.671.176

Represented by Robert Slee

Ended

TRENOVO NV

Managing director · since 30 juin 2017 · until 30 juin 2022 · 0841.671.176

Represented by bestuurder IPORA BVBA

Ended

WENTER

Director · since 30 juin 2017 · until 30 juin 2022 · 0822.761.126

Represented by Wim Slee

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Other12/01/2016
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates09/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/01/2014
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 202511,8 M €↓
2024
Annual accounts 202412,1 M €↑
01/01/2024
nominationBV VRC Bedrijfsrevisoren — commissaris
2023
Annual accounts 202310,7 M €↑
2022
Annual accounts 202210 M €↑
2021
Annual accounts 20219,3 M €↑
01/01/2021
nominationCVBA VRC Bedrijfsrevisoren — commissaris
2020
Annual accounts 20203,5 M €↓
2019
Annual accounts 20195,2 M €↑
2018
Annual accounts 20183,4 M €↓
2017
Annual accounts 20173,6 M €↑
2016
Annual accounts 20162,5 M €↑
2015
Annual accounts 20151,1 M €↓
2014
Annual accounts 20141,2 M €↓
2013
Annual accounts 20131,4 M €↓
2012
Annual accounts 20121,9 M €↓
2011
Annual accounts 20112,5 M €↓
2010
Annual accounts 20102,7 M €↑
2009
Annual accounts 20091,8 M €↓
2007
Annual accounts 20072,2 M €
30/05/1974
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

VEOS

Overview

What does VEOS 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