ACTIVE

VECOLUX

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Financial year 2025 · closed on 31/12/2025

Net result

529 k €

-24.1% YoY

Gross margin

1,4 M €

-11.4% YoY

Equity

3,8 M €

+0.8% YoY

Workforce

10,5 ETP

-1.9% YoY

What does VECOLUX do?

VECOLUX is a Private limited company incorporated in 1983. Its main activity is: Agents specialised in the sale of other particular products. Its registered office is in Brecht. It employs on average 10,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0423.752.022

Incorporation

04/03/1983

Legal form

Private limited company

Registered office

Nijverheidsstraat 10
2960 Brecht · FlandreSee on map

Contributed capital

40 526,05 €

Latest accounts

31/12/2025

Average workforce

10,5 ETP

Activities (NACE)

46180Agents specialised in the sale of other particular products· main 46180Agents specialised in the sale of other particular products 46643Wholesale of machinery for the textile industry and of sewing and knitting machines 46693Wholesale of other machinery and equipment 51180Passenger air transport 51871Air transport

Joint committees (1)

20000

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 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	1,4 M €	-11.4%	1,6 M €	-14.9%	1,9 M €	+12.3%	1,7 M €	+44.1%	1,2 M €	+19.6%	966,9 k €	+10.3%	876,8 k €	+15.9%	756,6 k €	+3.2%	733,3 k €	+14.9%	638 k €	+24.8%	511,4 k €	-23.5%	668,2 k €	+43.9%	464,2 k €	-4.9%	488,2 k €	-11.6%	552,2 k €	+31.0%	421,5 k €	+2.4%	411,4 k €	+7.6%	382,5 k €
EBITDA	691,8 k €	-24.2%	912 k €	-21.9%	1,2 M €	+7.9%	1,1 M €	+73.2%	624,7 k €	+21.8%	512,9 k €	+15.2%	445,4 k €	+16.8%	381,5 k €	+9.9%	347 k €	+17.5%	295,3 k €	+44.9%	203,8 k €	-48.2%	393,6 k €	+134%	167,9 k €	-24.7%	222,9 k €	-20.0%	278,4 k €	+60.7%	173,3 k €	-22.8%	224,5 k €	-11.7%	254,2 k €
Operating result	646,9 k €	-25.9%	872,8 k €	-23.3%	1,1 M €	+6.3%	1,1 M €	+76.0%	608,5 k €	+28.7%	472,7 k €	+39.4%	339,1 k €	-2.6%	348,2 k €	+9.6%	317,6 k €	+22.9%	258,3 k €	+51.8%	170,1 k €	-53.4%	365,2 k €	+163%	139,1 k €	-24.3%	183,8 k €	-20.8%	232,1 k €	+92.5%	120,6 k €	-29.5%	171,1 k €	-14.0%	199 k €
Net result	529 k €	-24.1%	697,2 k €	-20.1%	872,8 k €	+7.8%	809,4 k €	+71.5%	472,1 k €	+38.2%	341,6 k €	+37.3%	248,9 k €	-1.6%	253 k €	+27.0%	199,2 k €	+19.2%	167,2 k €	+88.7%	88,6 k €	-69.0%	286,3 k €	+127%	125,9 k €	-2.9%	129,7 k €	-22.2%	166,7 k €	+69.7%	98,3 k €	-23.2%	128 k €	-38.9%	209,3 k €
Balance sheet
Equity	3,8 M €	+0.8%	3,8 M €	+22.8%	3,1 M €	+20.0%	2,6 M €	+39.1%	1,8 M €	+15.9%	1,6 M €	-18.3%	1,9 M €	+14.6%	1,7 M €	+17.5%	1,4 M €	+15.9%	1,2 M €	-15.8%	1,5 M €	-15.4%	1,7 M €	+9.1%	1,6 M €	+8.5%	1,5 M €	+9.6%	1,3 M €	+14.1%	1,2 M €	+9.0%	1,1 M €	+13.3%	952,7 k €
Total assets	4,5 M €	+10.9%	4,1 M €	+23.1%	3,3 M €	+14.9%	2,9 M €	+45.7%	2 M €	+10.0%	1,8 M €	-14.8%	2,1 M €	+4.0%	2 M €	+26.7%	1,6 M €	+8.2%	1,5 M €	-7.7%	1,6 M €	-23.5%	2,1 M €	+13.3%	1,9 M €	+9.0%	1,7 M €	+2.3%	1,7 M €	+13.1%	1,5 M €	+14.0%	1,3 M €	+5.1%	1,2 M €
Cash	757,6 k €	+10.6%	685 k €	-19.1%	846,5 k €	-56.1%	1,9 M €	+65.3%	1,2 M €	-0.7%	1,2 M €	+8.8%	1,1 M €	-6.0%	1,1 M €	+47.7%	778,4 k €	+33.5%	582,9 k €	-25.3%	779,9 k €	-35.7%	1,2 M €	+27.7%	949,1 k €	+12.9%	841 k €	+11.8%	752,5 k €	+8.7%	692,2 k €	+18.6%	583,8 k €	+10.3%	529,1 k €
Debts	738,4 k €	+129%	322,5 k €	+26.9%	254,2 k €	-24.2%	335,5 k €	+128%	147,3 k €	-32.9%	219,5 k €	+24.5%	176,3 k €	-48.6%	342,9 k €	+106%	166,1 k €	-31.5%	242,7 k €	+81.1%	134 k €	-62.7%	359,1 k €	+39.4%	257,7 k €	+11.7%	230,6 k €	-28.2%	321,3 k €	+11.4%	288,4 k €	+40.2%	205,8 k €	-24.0%	270,8 k €
Other
Workforce	10,5 ETP	-1.9%	10,7 ETP	-0.9%	10,8 ETP	+20.0%	9,0 ETP	+5.9%	8,5 ETP	+7.6%	7,9 ETP	+5.3%	7,5 ETP		–		6,8 ETP	+15.3%	5,9 ETP	+7.3%	5,5 ETP	+7.8%	5,1 ETP	0.0%	5,1 ETP	+13.3%	4,5 ETP	+7.1%	4,2 ETP	-8.7%	4,6 ETP	+24.3%	3,7 ETP	+27.6%	2,9 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 · 5 ended

Active mandates

CEPAGE

Director · since 04 octobre 2023 · 1000.651.604

Represented by Vetters Ruben

Active

Johan Vetters

Director · since 09 juillet 2020

Active

Ended mandates

CEPAGE

Director · since 04 octobre 2023 · 1000.651.604

Represented by Ruben Vetters

Ended

CEPAGE

Director · since 01 octobre 2023 · 1000.651.604

Ended

Johan Edwin Vetters

Director · since 09 juillet 2020

Ended

Johan Vetters

Director

Ended

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	22/07/2026	08/07/2025	10/07/2024	19/06/2023	28/06/2022	05/07/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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
Abridged model	31/12/2025	29/05/2026	22/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	08/07/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	10/07/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	19/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	28/06/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	05/07/2021	Dutch	PDF
Abridged model	31/12/2019	24/04/2020	22/06/2020	Dutch	PDF
Abridged model	31/12/2018	26/04/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	27/04/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	28/04/2017	02/07/2017	Dutch	PDF
Abridged model	31/12/2015	29/04/2016	06/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	03/08/2015	Dutch	PDF
Abridged model	31/12/2013	25/04/2014	06/08/2014	Dutch	PDF
Abridged model	31/12/2012	26/04/2013	26/07/2013	Dutch	PDF
Abridged model	31/12/2011	27/04/2012	01/07/2012	Dutch	PDF
Abridged model	31/12/2010	29/04/2011	22/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/04/2010	22/07/2010	Dutch	PDF
Abridged model	31/12/2008	24/04/2009	26/08/2009	Dutch	PDF
Abridged model	31/12/2007	25/04/2008	09/09/2008	Dutch	PDF
Abridged model	31/12/2006	27/04/2007	30/08/2007	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 · 5 ended

Active mandates

CEPAGE

Director · since 04 octobre 2023 · 1000.651.604

Represented by Vetters Ruben

Active

Johan Vetters

Director · since 09 juillet 2020

Active

Ended mandates

CEPAGE

Director · since 04 octobre 2023 · 1000.651.604

Represented by Ruben Vetters

Ended

CEPAGE

Director · since 01 octobre 2023 · 1000.651.604

Ended

Johan Edwin Vetters

Director · since 09 juillet 2020

Ended

Johan Vetters

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/02/2026
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring21/08/2020
ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring04/06/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares22/01/2016
KAPITAAL - AANDELEN
PDF
Mandates04/05/2006
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 2025529 k €↓
2024
Annual accounts 2024697,2 k €↓
2023
Annual accounts 2023872,8 k €↑
2022
Annual accounts 2022809,4 k €↑
2021
Annual accounts 2021472,1 k €↑
2020
Annual accounts 2020341,6 k €↑
2019
Annual accounts 2019248,9 k €↓
2018
Annual accounts 2018253 k €↑
2017
Annual accounts 2017199,2 k €↑
2016
Annual accounts 2016167,2 k €↑
2015
Annual accounts 201588,6 k €↓
2014
Annual accounts 2014286,3 k €↑
2013
Annual accounts 2013125,9 k €↓
2012
Annual accounts 2012129,7 k €↓
2011
Annual accounts 2011166,7 k €↑
2010
Annual accounts 201098,3 k €↓
2009
Annual accounts 2009128 k €↓
2008
Annual accounts 2008209,3 k €
04/03/1983
IncorporationPrivate 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

VECOLUX

Overview

What does VECOLUX do?

Trend over 18 financial years

Indicative valuation

Board of directors

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