ACTIVE

VERCAI RUGS

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Financial year 2025 · Closed on 31/12/2025

Net result-847,9 €+97,9 %over 1 year
Gross margin-36,9 k €-146,0 %over 1 year
Equity176 k €-0,5 %over 1 year

Identity

Source · BCE/KBO

VERCAI RUGS is a Public limited company incorporated in 1978. Its main activity is: Wholesale of furniture, carpets and lighting equipment. Its registered office is in Waregem.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0418.216.587
Incorporation
01/01/1978
Legal form
Public limited company
Registered office
Courtensstraat 1
8791 Waregem · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Joint committees (1)
  • 120
Signals
Solid equityLow riskGood liquidity

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin-36,9 k €-15 k €-41,1 k €31,4 k €5,8 k €
EBITDA-37,4 k €-15,5 k €-41,9 k €30,9 k €5,4 k €
Operating result-3,2 k €-40,2 k €-41,9 k €30,9 k €5,4 k €
Net result-847,9 €-41,2 k €-43,2 k €29,9 k €6,6 k €
Balance sheet
Equity176 k €176,9 k €218,4 k €261,6 k €231,6 k €
Total assets180,1 k €201,8 k €228,2 k €305,7 k €235,8 k €
Cash27,4 k €34,1 k €43,3 k €31,5 k €42,8 k €
Debts4 k €24,9 k €9,7 k €44,1 k €4,2 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 18 ended

Active mandates

LOPHICO

Director · since 25 septembre 2024 · 1010.534.122

Represented by Pappijn Angelo

Active
MIANGA

Managing director · since 25 septembre 2024 · 0474.843.407

Represented by Pappijn Nico

Active

Ended mandates

LOPHICO

Director · since 25 septembre 2024 · 1010.534.122

Represented by Pappijn ANGELO

Ended
MIANGA

Director · since 25 septembre 2024 · 0474.843.407

Represented by Pappijn NICO

Ended
Angelo Pappijn

Director · since 22 juillet 2020 · until 30 mai 2026

Ended
Angelo Pappijn

Director · since 22 juillet 2020

Ended

Other companies at this address

Courtensstraat 1 8791 Waregem
CompanyCBE no.
Euro-Tapis● Active
0407.127.212
TEN STUIVENBERGE INVEST● Active
0422.976.418

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date14/07/202615/07/202519/07/202429/06/202309/07/202208/07/2021
General meeting27/06/202630/06/202525/05/202417/06/202320/06/202219/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202527/06/202614/07/2026DutchPDF
Micro model31/12/202430/06/202515/07/2025DutchPDF
Micro model31/12/202325/05/202419/07/2024DutchPDF
Micro model31/12/202217/06/202329/06/2023DutchPDF
Micro model31/12/202120/06/202209/07/2022DutchPDF
Micro model31/12/202019/06/202108/07/2021DutchPDF
Micro model31/12/201922/07/202024/07/2020DutchPDF
Micro model31/12/201815/06/201931/07/2019DutchPDF
Micro model31/12/201726/05/201830/08/2018DutchPDF
Micro model31/12/201627/05/201731/08/2017DutchPDF
Abridged model31/12/201528/05/201629/08/2016DutchPDF
Abridged model31/12/201430/06/201529/09/2015DutchPDF
Abridged model31/12/201330/06/201430/09/2014DutchPDF
Abridged model31/12/201229/08/201330/10/2013DutchPDF
Abridged model31/12/201126/09/201218/10/2012DutchPDF
Abridged model31/12/201029/06/201130/08/2011DutchPDF
Abridged model31/12/200929/05/201006/08/2010DutchPDF
Abridged model31/12/200830/05/200931/08/2009DutchPDF
Abridged model31/12/200731/05/200831/07/2008DutchPDF
Abridged model31/12/200626/05/200706/09/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 18 ended

Active mandates

LOPHICO

Director · since 25 septembre 2024 · 1010.534.122

Represented by Pappijn Angelo

Active
MIANGA

Managing director · since 25 septembre 2024 · 0474.843.407

Represented by Pappijn Nico

Active

Ended mandates

LOPHICO

Director · since 25 septembre 2024 · 1010.534.122

Represented by Pappijn ANGELO

Ended
MIANGA

Director · since 25 septembre 2024 · 0474.843.407

Represented by Pappijn NICO

Ended
Angelo Pappijn

Director · since 22 juillet 2020 · until 30 mai 2026

Ended
Angelo Pappijn

Director · since 22 juillet 2020

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates11/10/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Mandates27/08/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/12/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/12/2002
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-847,9 €↑
  2. 2024
    Annual accounts 2024-41,2 k €↑
  3. 2024
    Name changeVERCAI RUGS
  4. 2023
    Annual accounts 2023-43,2 k €↓
  5. 2022
    Annual accounts 202229,9 k €↑
  6. 2021
    Annual accounts 20216,6 k €↑
  7. 2020
    Annual accounts 2020-2,9 k €↓
  8. 2019
    Annual accounts 2019497,3 €↓
  9. 2018
    Annual accounts 2018624,6 €↑
  10. 2017
    Annual accounts 2017-567,1 €↓
  11. 2016
    Annual accounts 2016310,4 €↓
  12. 2015
    Annual accounts 2015430 €↓
  13. 2014
    Annual accounts 2014832,6 €↑
  14. 2013
    Annual accounts 2013-818,9 k €↓
  15. 2012
    Annual accounts 20121,4 k €↓
  16. 2011
    Annual accounts 20112,5 k €↓
  17. 2010
    Annual accounts 201032,9 k €↓
  18. 2009
    Annual accounts 200936,1 k €↑
  19. 2008
    Annual accounts 200834,5 k €↑
  20. 2007
    Annual accounts 200728,9 k €↑
  21. 2006
    Annual accounts 200620,5 k €
  22. 2006
    Name changeEURO-FINISH
  23. 01/01/1978
    IncorporationPublic limited company