ACTIVE

VD Printing

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Financial year 2025 · closed on 31/12/2025

Net result

108,2 k €

-72.8% YoY

Gross margin

2,7 M €

-13.9% YoY

Equity

4,8 M €

+2.3% YoY

Workforce

14,0 ETP

-1.4% YoY

What does VD Printing do?

VD Printing is a Public limited company incorporated in 1980. Its registered office is in Temse. It employs on average 14,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.101.150

Incorporation

19/12/1980

Legal form

Public limited company

Registered office

Walgoedstraat 1
9140 Temse · FlandreSee on map

Contributed capital

141 700,00 €

Latest accounts

31/12/2025

Average workforce

14,0 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,7 M €	-13.9%	3,2 M €	+13.1%	2,8 M €	-6.3%	3 M €	+49.6%	2 M €	-5.5%	2,1 M €	+1.3%	2,1 M €		–		–		–		–		–		–		–		–		883,5 k €	-26.1%	1,2 M €	-16.3%	1,4 M €	+33.0%	1,1 M €
EBITDA	1,6 M €	-23.4%	2,1 M €	+38.0%	1,5 M €	+38.9%	1,1 M €	+11.2%	981,6 k €	+46.2%	671,4 k €	-39.3%	1,1 M €	-59.5%	2,7 M €	+37.4%	2 M €	+56.4%	1,3 M €	-4.3%	1,3 M €	+18.3%	1,1 M €	-28.9%	1,6 M €	+12.3%	1,4 M €	+145%	574,8 k €	+178%	207,1 k €	-65.1%	594 k €	-20.1%	743,5 k €	+74.0%	427,2 k €
Operating result	78,5 k €	-85.4%	538,4 k €	+270%	145,5 k €	+249%	41,7 k €	-71.8%	147,9 k €	-2.7%	152 k €	+78.9%	84,9 k €	+242%	-60 k €	-118%	327,9 k €	+121%	148,2 k €	-49.2%	291,9 k €	+96.7%	148,4 k €	-31.5%	216,5 k €	+123%	97,1 k €	+217%	-83 k €	-443%	24,2 k €	-94.7%	459,3 k €	-20.5%	577,8 k €	+78.8%	323,1 k €
Net result	108,2 k €	-72.8%	397,2 k €	+216%	125,5 k €	+1114%	10,3 k €	-83.3%	61,9 k €	+925%	6 k €	-45.6%	11,1 k €	+205%	3,6 k €	-99.4%	585,1 k €	+449%	106,5 k €	-63.5%	291,7 k €	+205%	95,6 k €	-10.0%	106,2 k €	-39.7%	176,2 k €	-68.7%	563,2 k €	+406%	111,2 k €	-75.7%	457,8 k €	-13.2%	527,3 k €	+66.9%	315,9 k €
Balance sheet
Equity	4,8 M €	+2.3%	4,7 M €	+9.1%	4,3 M €	+3.0%	4,2 M €	+0.2%	4,2 M €	+1.5%	4,1 M €	+0.1%	4,1 M €	+0.3%	4,1 M €	+0.1%	4,1 M €	+9.5%	3,8 M €	+2.9%	3,7 M €	+4.9%	3,5 M €	+2.8%	3,4 M €	+3.1%	3,3 M €	+5.5%	3,1 M €	+21.9%	2,6 M €	+3.9%	2,5 M €	+23.7%	2 M €	+37.1%	1,5 M €
Total assets	10,4 M €	-6.8%	11,2 M €	+19.7%	9,4 M €	-1.8%	9,5 M €	+2.6%	9,3 M €	+1.8%	9,1 M €	-6.4%	9,8 M €	+14.0%	8,6 M €	-21.9%	11 M €	-19.9%	13,7 M €	+4.0%	13,2 M €	+10.7%	11,9 M €	-0.5%	12 M €	-4.4%	12,5 M €	+12.4%	11,1 M €	+58.4%	7 M €	+26.9%	5,5 M €	+46.8%	3,8 M €	-2.2%	3,9 M €
Cash	156,9 k €	-2.4%	160,7 k €	+27.7%	125,8 k €	-44.9%	228,5 k €	-27.7%	315,9 k €	-25.9%	426,2 k €	+181%	151,8 k €	-48.0%	292,1 k €	+4.5%	279,5 k €	-31.4%	407,7 k €	+85.6%	219,7 k €	+22.9%	178,8 k €	+15.1%	155,3 k €	-62.6%	415,3 k €	+39.9%	296,8 k €	+93.2%	153,6 k €	+1925%	7,6 k €	-97.8%	347,5 k €	+143%	142,8 k €
Debts	5,6 M €	-13.5%	6,5 M €	+28.9%	5 M €	-5.7%	5,3 M €	+4.6%	5,1 M €	+1.9%	5 M €	-11.2%	5,6 M €	+26.8%	4,4 M €	-35.1%	6,8 M €	-31.1%	9,9 M €	+5.2%	9,4 M €	+13.2%	8,3 M €	-0.4%	8,4 M €	-7.3%	9 M €	+16.6%	7,7 M €	+81.6%	4,3 M €	+44.2%	3 M €	+67.6%	1,8 M €	-26.6%	2,4 M €
Other
Workforce	14,0 ETP	-1.4%	14,2 ETP	-12.9%	16,3 ETP	-11.4%	18,4 ETP	+4.0%	17,7 ETP	+9.3%	16,2 ETP	+3.8%	15,6 ETP	-15.7%	18,5 ETP	-11.5%	20,9 ETP	-6.7%	22,4 ETP	+1.4%	22,1 ETP	+12.2%	19,7 ETP	+12.6%	17,5 ETP	+10.1%	15,9 ETP	+18.7%	13,4 ETP	+13.6%	11,8 ETP	+4.4%	11,3 ETP	-2.6%	11,6 ETP	-2.5%	11,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 20 ended

Active mandates

HOUSE OF PRINTING

Managing director · since 03 juin 2022 · until 02 juin 2028 · 0744.694.437

Represented by Marco De Ridder

Active

Marianne Gijbels

Director · since 03 juin 2022 · until 02 juin 2028

Active

Ended mandates

HOUSE OF PRINTING

Director · since 03 juin 2022 · until 02 juin 2028 · 0744.694.437

Represented by Marco De Ridder

Ended

HOUSE OF PRINTING

Managing director · since 27 février 2020 · until 03 juin 2022 · 0744.694.437

Represented by Marco De Ridder

Ended

HOUSE OF PRINTING

Managing director · since 27 février 2020 · until 03 juin 2022 · 0744.694.437

Represented by Marco De Ridder

Ended

M & M Invest NV

Managing director · since 30 juin 2016 · until 27 février 2020 · 0465.946.626

Represented by Marco De Ridder

Ended

At this address

Other companies at this address

Company	CBE no.
DRUKKERIJ VERSPECHT● Active	0426.691.320
Groep HOP● Active	0775.835.989
HOUSE OF IMMO● Active	0744.695.823
HOUSE OF PRINTING● Active	0744.694.437
MAXMAR● Active	0744.694.833
VD PACKAGING● Active	0412.968.689

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	02/07/2026	26/06/2025	27/06/2024	04/07/2023	22/06/2022	17/06/2021
General meeting	30/06/2026	06/06/2025	07/06/2024	30/06/2023	03/06/2022	04/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	02/07/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	26/06/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	27/06/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	04/07/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	22/06/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	17/06/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	23/07/2020	Dutch	PDF
Full model	31/12/2018	30/06/2019	31/07/2019	Dutch	PDF
Full model	30/06/2017	31/12/2017	31/01/2018	Dutch	PDF
Full model	31/12/2015	30/06/2016	29/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	31/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	31/07/2014	Dutch	PDF
Full model	31/12/2012	30/06/2013	31/07/2013	Dutch	PDF
Full model	31/12/2011	30/06/2012	02/08/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	29/07/2009	Dutch	PDF
Abridged model	31/12/2007	26/06/2008	18/07/2008	Dutch	PDF
Abridged model	31/12/2006	13/06/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 20 ended

Active mandates

HOUSE OF PRINTING

Managing director · since 03 juin 2022 · until 02 juin 2028 · 0744.694.437

Represented by Marco De Ridder

Active

Marianne Gijbels

Director · since 03 juin 2022 · until 02 juin 2028

Active

Ended mandates

HOUSE OF PRINTING

Director · since 03 juin 2022 · until 02 juin 2028 · 0744.694.437

Represented by Marco De Ridder

Ended

HOUSE OF PRINTING

Managing director · since 27 février 2020 · until 03 juin 2022 · 0744.694.437

Represented by Marco De Ridder

Ended

HOUSE OF PRINTING

Managing director · since 27 février 2020 · until 03 juin 2022 · 0744.694.437

Represented by Marco De Ridder

Ended

M & M Invest NV

Managing director · since 30 juin 2016 · until 27 février 2020 · 0465.946.626

Represented by Marco De Ridder

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other12/02/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
PDF
Restructuring21/01/2026
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring21/11/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates11/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other02/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates04/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Other29/06/2018
ALGEMENE VERGADERING - BOEKJAAR
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 2025108,2 k €↓
2025
Name changeVD Printing
2024
Annual accounts 2024397,2 k €↑
2023
Annual accounts 2023125,5 k €↑
2022
Annual accounts 202210,3 k €↓
2021
Annual accounts 202161,9 k €↑
2020
Annual accounts 20206 k €↓
2019
Annual accounts 201911,1 k €↑
2018
Annual accounts 20183,6 k €↓
2017
Annual accounts 2017585,1 k €↑
2015
Annual accounts 2015106,5 k €↓
2014
Annual accounts 2014291,7 k €↑
2013
Annual accounts 201395,6 k €↓
2012
Annual accounts 2012106,2 k €↓
2011
Annual accounts 2011176,2 k €↓
2010
Annual accounts 2010563,2 k €↑
2009
Annual accounts 2009111,2 k €↓
2008
Annual accounts 2008457,8 k €↓
2007
Annual accounts 2007527,3 k €↑
2006
Annual accounts 2006315,9 k €
2006
Name changeDrukkerij VD
19/12/1980
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

VD Printing

Overview

What does VD Printing do?

Trend over 19 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