ACTIVE

VN SERVICES

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Financial year 2024 · closed on 28/12/2024

Net result

163,2 k €

-71.7% YoY

Gross margin

1,4 M €

-16.5% YoY

Equity

3,7 M €

+4.6% YoY

Workforce

5,7 ETP

-1.7% YoY

What does VN SERVICES do?

VN SERVICES is a Public limited company incorporated in 1982. Its main activity is: Wholesale of machine tools. Its registered office is in Ternat. It employs on average 5,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0422.904.657

Incorporation

23/07/1982

Legal form

Public limited company

Registered office

Assesteenweg 25
1740 Ternat · FlandreSee on map

Contributed capital

275 210,65 €

Latest accounts

28/12/2024

Average workforce

5,7 ETP

Activities (NACE)

46620Wholesale of machine tools· main 46620Wholesale of machine tools 51810Air transport

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,4 M €	-16.5%	1,6 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	258,9 k €	-67.0%	785,5 k €	-30.9%	1,1 M €	+22.7%	926 k €	-14.5%	1,1 M €	+15.9%	934,4 k €	-22.8%	1,2 M €	+91.8%	631,3 k €	+40.3%	450,1 k €	-8.6%	492,3 k €	+23.0%	400,2 k €	+160%	153,9 k €	-38.0%	248,1 k €	-14.9%	291,5 k €	+744%	-45,3 k €	-156%	80,5 k €	-56.4%	184,9 k €	-38.2%	299,3 k €
Operating result	178 k €	-77.3%	785,6 k €	-24.5%	1 M €	+25.4%	829,5 k €	-22.2%	1,1 M €	+17.6%	906,7 k €	+15.3%	786,7 k €	+30.4%	603,4 k €	+42.5%	423,5 k €	-7.3%	456,8 k €	+16.4%	392,2 k €	+200%	130,6 k €	-42.3%	226,3 k €	-7.5%	244,6 k €	+578%	-51,2 k €	-195%	54 k €	-63.2%	146,8 k €	-45.8%	270,9 k €
Net result	163,2 k €	-71.7%	577,4 k €	-23.1%	750,6 k €	+34.2%	559,3 k €	-24.0%	736,1 k €	+32.7%	554,8 k €	+7.0%	518,5 k €	+27.6%	406,3 k €	+45.8%	278,7 k €	-5.3%	294,2 k €	+20.7%	243,7 k €	+186%	85,3 k €	-42.3%	147,7 k €	-26.6%	201,1 k €	+4214%	4,7 k €	-94.9%	90,5 k €	-37.0%	143,7 k €	-14.7%	168,5 k €
Balance sheet
Equity	3,7 M €	+4.6%	3,5 M €	+19.5%	3 M €	+4.4%	2,8 M €	+24.5%	2,3 M €	-6.7%	2,4 M €	+29.4%	1,9 M €	-14.8%	2,2 M €	+22.4%	1,8 M €	-6.3%	1,9 M €	+18.0%	1,6 M €	+17.5%	1,4 M €	+6.5%	1,3 M €	-21.2%	1,7 M €	+13.8%	1,5 M €	+0.3%	1,5 M €	+6.6%	1,4 M €	+11.8%	1,2 M €
Total assets	4,4 M €	+7.9%	4 M €	+18.1%	3,4 M €	+4.2%	3,3 M €	+17.6%	2,8 M €	+5.1%	2,7 M €	+26.8%	2,1 M €	-18.3%	2,6 M €	+1.0%	2,5 M €	+9.3%	2,3 M €	+16.9%	2 M €	+9.3%	1,8 M €	+3.3%	1,8 M €	-12.3%	2 M €	+1.0%	2 M €	+17.7%	1,7 M €	-24.7%	2,2 M €	+30.1%	1,7 M €
Cash	430,9 k €	-4.8%	452,6 k €	-30.7%	653,1 k €	+90.3%	343,2 k €	-21.0%	434,7 k €	-48.4%	841,7 k €	+189%	291 k €	-58.9%	708,2 k €	+6.5%	665,2 k €	+17.5%	565,9 k €	+33.2%	425 k €	+69.4%	250,9 k €	+46.8%	170,9 k €	-58.6%	412,8 k €	-39.0%	676,5 k €	+1.3%	667,7 k €	-16.0%	795 k €	+52.6%	521,1 k €
Debts	634,8 k €	+33.3%	476,2 k €	+8.7%	438,2 k €	+2.4%	427,9 k €	-14.5%	500,2 k €	+156%	195,1 k €	-0.7%	196,5 k €	-40.9%	332,5 k €	-53.9%	721,3 k €	+94.4%	371,1 k €	+9.8%	338,1 k €	-15.6%	400,5 k €	+0.0%	400,4 k €	+21.1%	330,8 k €	-33.3%	496,2 k €	+136%	209,9 k €	-75.6%	858,7 k €	+77.2%	484,6 k €
Other
Workforce	5,7 ETP	-1.7%	5,8 ETP	+9.4%	5,3 ETP	+10.4%	4,8 ETP	+6.7%	4,5 ETP	+18.4%	3,8 ETP	+26.7%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	-9.1%	3,3 ETP	-17.5%	4,0 ETP	0.0%	4,0 ETP	+5.3%	3,8 ETP	-2.6%	3,9 ETP	-4.9%	4,1 ETP	+2.5%	4,0 ETP	0.0%	4,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 28/12/2024 · 3 active · 12 ended

Active mandates

Jeffrey Lee Powell

Director · since 05 juillet 2023 · until 05 juillet 2029

Active

John Warwick Green

Managing director · since 01 mars 2022 · until 01 mars 2028

Active

Michael J. McKenney

Director · since 01 juillet 2019 · until 01 juillet 2025

Active

Ended mandates

Douglas Bruce Jeffrey

Managing director · since 05 juillet 2017 · until 05 juillet 2023

Ended

Douglas Bruce Jeffrey

Managing director · since 05 juillet 2017

Ended

Jeffrey Lee Powell

Director · since 05 juillet 2017 · until 05 juillet 2023

Ended

Jeffrey Lee Powell

Director · since 05 juillet 2017

Ended

At this address

Other companies at this address

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ARM COMPANY● Active	0672.930.273
ASI GROUPS● Active	0712.916.346
Dansstudio FUSION● Active	0799.579.908
GUSTI E COLORI● Bankrupt	0765.916.948
LOGO 2 TERNAT● Active	1023.306.745

Annual accounts

Full financial information

	2024	2023	2022	2022	2021	2019
Type of account	Abridged model	Abridged model	Full model	Full model	Full model	Full model
Start of the financial year	31/12/2023	01/01/2023	02/01/2022	03/01/2021	29/12/2019	30/12/2018
Closing of the financial year	28/12/2024	30/12/2023	31/12/2022	01/01/2022	02/01/2021	28/12/2019
Length of the financial year	13 months	12 months	12 months	13 months	14 months	13 months
Filing date	19/08/2025	27/06/2024	10/07/2023	14/07/2022	07/07/2021	09/03/2020
General meeting	09/06/2025	10/06/2024	12/06/2023	13/06/2022	14/06/2021	10/02/2020
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
Abridged model	28/12/2024	09/06/2025	19/08/2025	Dutch	PDF
Abridged model	30/12/2023	10/06/2024	27/06/2024	Dutch	PDF
Full model	31/12/2022	12/06/2023	10/07/2023	Dutch	PDF
Full model	01/01/2022	13/06/2022	14/07/2022	French	PDF
Full model	02/01/2021	14/06/2021	07/07/2021	Dutch	PDF
Full model	28/12/2019	10/02/2020	09/03/2020	Dutch	PDF
Full model	29/12/2018	11/02/2019	07/03/2019	Dutch	PDF
Full modelCorrection	30/12/2017	12/02/2018	01/02/2019	Dutch	PDF
Full model	30/12/2017	12/02/2018	29/03/2018	Dutch	PDF
Full model	30/09/2016	13/02/2017	24/02/2017	Dutch	PDF
Full model	30/09/2015	08/02/2016	17/03/2016	Dutch	PDF
Full model	30/09/2014	09/02/2015	20/04/2015	Dutch	PDF
Full model	30/09/2013	10/02/2014	25/04/2014	Dutch	PDF
Full model	30/09/2012	11/02/2013	29/04/2013	Dutch	PDF
Full model	30/09/2011	13/02/2012	20/04/2012	Dutch	PDF
Full model	30/09/2010	14/02/2011	13/04/2011	Dutch	PDF
Full model	30/09/2009	08/02/2010	28/04/2010	Dutch	PDF
Full model	30/09/2008	09/02/2009	27/04/2009	Dutch	PDF
Full model	30/09/2007	11/02/2008	28/04/2008	Dutch	PDF
Full model	30/09/2006	12/02/2007	10/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 28/12/2024 · 3 active · 12 ended

Active mandates

Jeffrey Lee Powell

Director · since 05 juillet 2023 · until 05 juillet 2029

Active

John Warwick Green

Managing director · since 01 mars 2022 · until 01 mars 2028

Active

Michael J. McKenney

Director · since 01 juillet 2019 · until 01 juillet 2025

Active

Ended mandates

Douglas Bruce Jeffrey

Managing director · since 05 juillet 2017 · until 05 juillet 2023

Ended

Douglas Bruce Jeffrey

Managing director · since 05 juillet 2017

Ended

Jeffrey Lee Powell

Director · since 05 juillet 2017 · until 05 juillet 2023

Ended

Jeffrey Lee Powell

Director · since 05 juillet 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other06/05/2021
BOEKJAAR - DIVERSEN
PDF
Other16/03/2021
ALGEMENE VERGADERING - 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

2024
Annual accounts 2024163,2 k €↓
2023
Annual accounts 2023577,4 k €↓
2022
Annual accounts 2022750,6 k €↑
2021
Annual accounts 2021559,3 k €↓
2019
Annual accounts 2019736,1 k €↑
2018
Annual accounts 2018554,8 k €↑
2017
Annual accounts 2017518,5 k €↑
2016
Annual accounts 2016406,3 k €↑
2015
Annual accounts 2015278,7 k €↓
2014
Annual accounts 2014294,2 k €↑
2013
Annual accounts 2013243,7 k €↑
2012
Annual accounts 201285,3 k €↓
2011
Annual accounts 2011147,7 k €↓
2010
Annual accounts 2010201,1 k €↑
2009
Annual accounts 20094,7 k €↓
2008
Annual accounts 200890,5 k €↓
2007
Annual accounts 2007143,7 k €↓
2006
Annual accounts 2006168,5 k €
23/07/1982
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

VN SERVICES

Overview

What does VN SERVICES 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