ACTIVE

V.S.I.

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Financial year 2021 · closed on 31/12/2021

Net result

172,5 k €

-23.6% YoY

Gross margin

362,7 k €

+18.3% YoY

Equity

381,4 k €

-77.7% YoY

Workforce

3,5 ETP

+6.1% YoY

What does V.S.I. do?

V.S.I. is a Private company with limited liability incorporated in 1979. Its registered office is in Aarschot. It employs on average 3,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0419.718.901

Incorporation

13/08/1979

Legal form

Private company with limited liability

Registered office

Liersesteenweg 260
3200 Aarschot · FlandreSee on map

Contributed capital

8 874,58 €

Latest accounts

31/12/2021

Average workforce

3,5 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2021		2020		2019		2018		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	362,7 k €	+18.3%	306,5 k €	+23.4%	248,4 k €	-5.7%	263,3 k €	-1.5%	267,5 k €	-2.3%	273,7 k €	+10.0%	248,7 k €	-14.4%	290,4 k €	+272%	78,1 k €	-37.3%	124,5 k €	+29.5%	96,1 k €	+169%	35,8 k €	-49.3%	70,7 k €	-46.1%	131,1 k €	+13.0%	116 k €
EBITDA	203,1 k €	+19.6%	169,8 k €	+62.0%	104,8 k €	-1.0%	105,9 k €	+0.3%	105,7 k €	-6.9%	113,4 k €	+32.7%	85,5 k €	-59.6%	211,7 k €	+172%	77,8 k €	-37.4%	124,2 k €	+29.6%	95,8 k €	+170%	35,5 k €	-49.6%	70,3 k €	-46.2%	130,7 k €	+13.1%	115,6 k €
Operating result	195,1 k €	+19.5%	163,3 k €	+70.1%	96 k €	+3.5%	92,7 k €	-1.8%	94,4 k €	+36.4%	69,2 k €	+24.7%	55,5 k €	-73.8%	211,7 k €	+172%	77,8 k €	-37.4%	124,2 k €	+29.6%	95,8 k €	+170%	35,5 k €	-49.6%	70,3 k €	-46.2%	130,7 k €	+13.1%	115,6 k €
Net result	172,5 k €	-23.6%	225,8 k €	+26.2%	179 k €	+22.1%	146,5 k €	+21.4%	120,7 k €	+26.3%	95,6 k €	+11.5%	85,8 k €	-53.3%	183,6 k €	+108%	88,5 k €	-1.8%	90,1 k €	+27.9%	70,5 k €	+134%	30,1 k €	-48.8%	58,8 k €	-39.4%	96,9 k €	+12.0%	86,5 k €
Balance sheet
Equity	381,4 k €	-77.7%	1,7 M €	+15.2%	1,5 M €	+12.3%	1,3 M €	+23.2%	1,1 M €	+12.7%	951,5 k €	+11.2%	855,9 k €	+11.1%	770,2 k €	+31.3%	586,6 k €	+17.8%	498,1 k €	+22.1%	408 k €	+20.9%	337,5 k €	+9.8%	307,4 k €	+16.2%	264,6 k €	+41.0%	187,7 k €
Total assets	704,2 k €	-61.0%	1,8 M €	+12.9%	1,6 M €	+13.9%	1,4 M €	+21.6%	1,2 M €	+14.9%	1 M €	+3.2%	975,2 k €	+10.5%	882,8 k €	+33.6%	660,8 k €	+10.4%	598,6 k €	+26.2%	474,3 k €	+23.0%	385,5 k €	-4.9%	405,2 k €	+4.7%	386,9 k €	+37.8%	280,9 k €
Cash	384,3 k €	+60.2%	239,9 k €	+57.4%	152,4 k €	+34.4%	113,3 k €	+170%	42 k €	+65.8%	25,3 k €	+93.1%	13,1 k €	-64.1%	36,5 k €	-25.3%	48,9 k €	-46.5%	91,4 k €	+395%	18,5 k €	+5.4%	17,5 k €	+74.7%	10 k €	+59.5%	6,3 k €	-52.1%	13,1 k €
Debts	322,7 k €	+230%	97,8 k €	-16.7%	117,4 k €	+39.7%	84 k €	+1.9%	82,4 k €	+51.1%	54,6 k €	-54.2%	119,2 k €	+5.9%	112,6 k €	+51.8%	74,2 k €	-26.1%	100,5 k €	+51.6%	66,3 k €	+38.0%	48 k €	-50.9%	97,8 k €	-20.0%	122,3 k €	+31.3%	93,2 k €
Other
Workforce	3,5 ETP	+6.1%	3,3 ETP	+13.8%	2,9 ETP	-6.5%	3,1 ETP	-6.1%	3,3 ETP	0.0%	3,3 ETP	-2.9%	3,4 ETP	+100%	1,7 ETP		–		–		–		–		–		–		–

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 31/12/2021 · 3 active · 2 ended

Active mandates

AB&F Verelst

Director · since 03 décembre 2021 · 0778.262.375

Represented by Bart Verelst

Active

Florent Verelst

Manager · until 03 décembre 2021

Active

Florentina Weckhuysen

Manager · until 03 décembre 2021

Active

Ended mandates

Florent Verelst

Manager

Ended

Florentina Weckhuysen

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
AB&F Verelst● Active	0778.262.375
Groep De Troy – Verelst VSI● Active	0793.624.207

Annual accounts

Full financial information

	2021	2020	2019	2018	2016	2015
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2016	01/01/2015
Closing of the financial year	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2016	31/12/2015
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/12/2022	31/08/2021	31/08/2020	30/09/2019	24/07/2017	28/07/2016
General meeting	15/03/2022	15/03/2021	15/03/2020	15/03/2019	30/06/2017	30/06/2016
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2021	15/03/2022	20/12/2022	Dutch	PDF
Abridged model	31/12/2020	15/03/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	15/03/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	15/03/2019	30/09/2019	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	24/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	28/07/2016	Dutch	PDF
Abridged model	31/12/2014	25/08/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	24/09/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	25/07/2013	Dutch	PDF
Abridged model	31/12/2011	07/05/2012	10/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	18/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	19/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	27/08/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	22/08/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	24/08/2007	Dutch	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 31/12/2021 · 3 active · 2 ended

Active mandates

AB&F Verelst

Director · since 03 décembre 2021 · 0778.262.375

Represented by Bart Verelst

Active

Florent Verelst

Manager · until 03 décembre 2021

Active

Florentina Weckhuysen

Manager · until 03 décembre 2021

Active

Ended mandates

Florent Verelst

Manager

Ended

Florentina Weckhuysen

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/11/2013
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office02/05/2013
MAATSCHAPPELIJKE ZETEL
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

2021
Annual accounts 2021172,5 k €↓
2020
Annual accounts 2020225,8 k €↑
2019
Annual accounts 2019179 k €↑
2018
Annual accounts 2018146,5 k €↑
2016
Annual accounts 2016120,7 k €↑
2015
Annual accounts 201595,6 k €↑
2014
Annual accounts 201485,8 k €↓
2013
Annual accounts 2013183,6 k €↑
2012
Annual accounts 201288,5 k €↓
2011
Annual accounts 201190,1 k €↑
2010
Annual accounts 201070,5 k €↑
2009
Annual accounts 200930,1 k €↓
2008
Annual accounts 200858,8 k €↓
2007
Annual accounts 200796,9 k €↑
2006
Annual accounts 200686,5 k €
13/08/1979
IncorporationPrivate company with limited liability

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

V.S.I.

Overview

What does V.S.I. do?

Trend over 15 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