ACTIVE

Vesalu

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Financial year 2025 · closed on 31/12/2025

Net result

780,8 k €

+69.7% YoY

Gross margin

2,2 M €

+33.0% YoY

Equity

9,7 M €

+8.8% YoY

Workforce

0,0 ETP

What does Vesalu do?

Vesalu is a Public limited company incorporated in 1982. Its registered office is in Deinze.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0423.872.776

Incorporation

31/12/1982

Legal form

Public limited company

Registered office

Kakelstraat 36
9800 Deinze · FlandreSee on map

Contributed capital

800 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007		2006
Income statement
Gross margin	2,2 M €	+33.0%	1,7 M €	+5.8%	1,6 M €	+9.8%	1,4 M €	-39.1%	2,4 M €	+101%	1,2 M €	+4.9%	1,1 M €	+10.3%	1 M €	+5.5%	969,7 k €	+4.7%	926,2 k €	+1.5%	912,3 k €	+6.2%	858,8 k €	+4.8%	819,5 k €	+3.2%	794,4 k €	-0.6%	799,4 k €	+6.8%	748,6 k €	-1.0%	756,4 k €
EBITDA	2,1 M €	+32.7%	1,5 M €	+4.6%	1,5 M €	+9.6%	1,3 M €	-40.9%	2,3 M €	+108%	1,1 M €	+4.4%	1 M €	+11.5%	940 k €	+4.7%	897,5 k €	+5.0%	854,8 k €	+1.5%	842,4 k €	+7.4%	784,2 k €	+4.8%	748,2 k €	+0.9%	741,4 k €	+0.1%	741 k €	+8.1%	685,7 k €	-3.0%	706,8 k €
Operating result	1,3 M €	+83.3%	724,8 k €	-7.7%	785,4 k €	+17.1%	670,5 k €	-40.6%	1,1 M €	+108%	543,5 k €	+2.1%	532,2 k €	+30.2%	408,7 k €	+359%	89,1 k €	-65.2%	256,1 k €	-19.7%	318,8 k €	+531%	50,5 k €	-82.5%	288,3 k €	+49.6%	192,7 k €	-62.7%	516,1 k €	+12.1%	460,6 k €	-4.9%	484,4 k €
Net result	780,8 k €	+69.7%	460,2 k €	-13.1%	529,7 k €	+15.0%	460,6 k €	-38.6%	749,7 k €	+88.7%	397,3 k €	+45.3%	273,5 k €	+35.9%	201,2 k €	+637%	-37,5 k €	-114%	267,1 k €	+30.8%	204,1 k €	-67.6%	630,5 k €	+250%	180,3 k €	+3.5%	174,2 k €	-49.2%	342,7 k €	+13.6%	301,7 k €	+1.9%	295,9 k €
Balance sheet
Equity	9,7 M €	+8.8%	8,9 M €	+5.4%	8,5 M €	+6.7%	7,9 M €	+6.2%	7,5 M €	+48.2%	5 M €	+8.1%	4,7 M €	+6.2%	4,4 M €	+4.8%	4,2 M €	-0.9%	4,2 M €	+6.8%	4 M €	+5.4%	3,7 M €	+20.2%	3,1 M €	+24.8%	2,5 M €	+7.5%	2,3 M €	+17.3%	2 M €	+18.0%	1,7 M €
Total assets	16 M €	+1.9%	15,7 M €	+2.8%	15,3 M €	-0.5%	15,3 M €	-0.7%	15,4 M €	+93.5%	8 M €	-4.6%	8,4 M €	-2.0%	8,5 M €	-3.1%	8,8 M €	+8.6%	8,1 M €	+9.8%	7,4 M €	+0.5%	7,4 M €	+9.5%	6,7 M €	+10.2%	6,1 M €	+85.5%	3,3 M €	-1.5%	3,3 M €	-4.7%	3,5 M €
Cash	305 k €	-9.6%	337,4 k €	+0.4%	335,9 k €	-60.4%	847,8 k €	-48.8%	1,7 M €	+185%	580,6 k €	-29.4%	822,7 k €	+166%	309,3 k €	+313%	74,9 k €	-94.2%	1,3 M €	+25.5%	1 M €	+732%	123,2 k €	-79.3%	593,8 k €	+121%	269,3 k €	-31.4%	392,5 k €	+193%	133,9 k €	+25.5%	106,7 k €
Debts	5,2 M €	-8.8%	5,7 M €	-0.7%	5,8 M €	-9.5%	6,4 M €	-7.7%	6,9 M €	+190%	2,4 M €	-22.0%	3 M €	-10.2%	3,4 M €	-13.7%	3,9 M €	+21.5%	3,2 M €	+13.5%	2,9 M €	-4.8%	3 M €	-8.4%	3,3 M €	-5.2%	3,5 M €	+324%	813,4 k €	-32.2%	1,2 M €	-27.7%	1,7 M €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 14 ended

Active mandates

LOUIS COLLE

Director · since 12 octobre 2023

Active

MATTHIEU COLLE

Director · since 12 octobre 2023

Active

CHARLES COLLE

Managing director · since 22 mai 2017

Active

FREDERIK COLLE

Director · since 22 mai 2017

Active

SABINE DE BRABANDERE

Managing director · since 22 mai 2017

Active

Ended mandates

Charles Colle

Director · since 22 mai 2017 · until 22 mai 2023

Ended

CHARLES COLLE

Director · since 22 mai 2017 · until 12 juin 2023

Ended

FREDERIK COLLE

Director · since 22 mai 2017 · until 22 mai 2023

Ended

FREDERIK COLLE

Director · since 22 mai 2017 · until 12 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
Hooiaard Acht● Active	0791.546.823

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	31/07/2026	11/07/2025	12/06/2024	07/07/2023	28/06/2022	02/07/2021
General meeting	08/06/2026	10/06/2025	10/06/2024	12/06/2023	13/06/2022	14/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	08/06/2026	31/07/2026	Dutch	PDF
Abridged model	31/12/2024	10/06/2025	11/07/2025	Dutch	PDF
Abridged model	31/12/2023	10/06/2024	12/06/2024	Dutch	PDF
Abridged model	31/12/2022	12/06/2023	07/07/2023	Dutch	PDF
Abridged model	31/12/2021	13/06/2022	28/06/2022	Dutch	PDF
Abridged model	31/12/2020	14/06/2021	02/07/2021	Dutch	PDF
Abridged model	31/12/2019	08/06/2020	17/06/2020	Dutch	PDF
Abridged model	31/12/2018	10/06/2019	17/06/2019	Dutch	PDF
Abridged model	31/12/2017	11/06/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	22/05/2017	23/05/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	27/05/2015	17/07/2015	Dutch	PDF
Abridged model	31/12/2013	24/06/2014	28/07/2014	Dutch	PDF
Abridged model	31/12/2012	19/06/2013	08/07/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	06/07/2012	Dutch	PDF
Abridged model	31/12/2010	21/06/2011	19/07/2011	Dutch	PDF
Abridged model	31/12/2009	29/06/2010	26/07/2010	Dutch	PDF
Abridged model	31/12/2008	10/06/2009	16/07/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	19/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	17/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 5 active · 14 ended

Active mandates

LOUIS COLLE

Director · since 12 octobre 2023

Active

MATTHIEU COLLE

Director · since 12 octobre 2023

Active

CHARLES COLLE

Managing director · since 22 mai 2017

Active

FREDERIK COLLE

Director · since 22 mai 2017

Active

SABINE DE BRABANDERE

Managing director · since 22 mai 2017

Active

Ended mandates

Charles Colle

Director · since 22 mai 2017 · until 22 mai 2023

Ended

CHARLES COLLE

Director · since 22 mai 2017 · until 12 juin 2023

Ended

FREDERIK COLLE

Director · since 22 mai 2017 · until 22 mai 2023

Ended

FREDERIK COLLE

Director · since 22 mai 2017 · until 12 juin 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/07/2011
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring19/04/2010
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates24/03/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/03/2010
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring08/01/2010
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates20/05/2005
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - 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

2025
Annual accounts 2025780,8 k €↑
2024
Annual accounts 2024460,2 k €↓
2023
Annual accounts 2023529,7 k €↑
2022
Annual accounts 2022460,6 k €↓
2021
Annual accounts 2021749,7 k €↑
2018
Annual accounts 2018397,3 k €↑
2017
Annual accounts 2017273,5 k €↑
2016
Annual accounts 2016201,2 k €↑
2015
Annual accounts 2015-37,5 k €↓
2014
Annual accounts 2014267,1 k €↑
2013
Annual accounts 2013204,1 k €↓
2012
Annual accounts 2012630,5 k €↑
2011
Annual accounts 2011180,3 k €↑
2009
Annual accounts 2009174,2 k €↓
2008
Annual accounts 2008342,7 k €↑
2007
Annual accounts 2007301,7 k €↑
2006
Annual accounts 2006295,9 k €
31/12/1982
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

Vesalu

Overview

What does Vesalu do?

Trend over 17 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