ACTIVE

VDM (SA)

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Financial year 2025 · closed on 30/06/2025

Net result

805,6 k €

+95.8% YoY

Gross margin

3,6 M €

+17.2% YoY

Equity

189,1 k €

+3.0% YoY

Workforce

43,2 ETP

-10.9% YoY

What does VDM do?

VDM is a Public limited company incorporated in 1983. Its registered office is in Merelbeke-Melle. It employs on average 43,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0423.956.118

Incorporation

31/03/1983

Legal form

Public limited company

Registered office

Gaversesteenweg 2
9820 Merelbeke-Melle · FlandreSee on map

Contributed capital

162 000,00 €

Latest accounts

30/06/2025

Average workforce

43,2 ETP

Joint committees (3)

Signals

ProfitablePositive 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		2016		2015		2014		2013		2012		2011		2010		2009		2007		2006
Income statement
Gross margin	3,6 M €	+17.2%	3,1 M €	+19.1%	2,6 M €	-4.4%	2,7 M €	-22.2%	3,5 M €	+23.3%	2,8 M €	+14.1%	2,5 M €	+24.2%	2 M €	+7.1%	1,9 M €		–		–		–		–		–		–		912,1 k €	+8.2%	842,8 k €	-23.5%	1,1 M €	+14.4%	962,9 k €
EBITDA	1,9 M €	+55.9%	1,2 M €	+26.9%	936 k €	-17.3%	1,1 M €	-36.1%	1,8 M €	+57.0%	1,1 M €	+28.0%	881,5 k €	+79.2%	491,9 k €	-3.7%	510,9 k €	+1.0%	505,7 k €	+18.9%	425,5 k €	+42.5%	298,6 k €	+15.1%	259,4 k €	+20.5%	215,3 k €	+6070%	-3,6 k €	-103%	111,7 k €	-3.2%	115,4 k €	-64.8%	327,9 k €	+180%	117,2 k €
Operating result	1,2 M €	+99.2%	584,3 k €	-2.4%	598,9 k €	-27.7%	828,8 k €	-44.4%	1,5 M €	+68.9%	881,9 k €	+40.8%	626,4 k €	+166%	235,2 k €	+0.0%	235,2 k €	+16.4%	202,1 k €	+26.7%	159,5 k €	+173%	58,4 k €	-43.0%	102,5 k €	+663%	13,4 k €	+105%	-266 k €	-1069%	27,5 k €	+10.9%	24,8 k €	-89.1%	227,5 k €	+6721%	-3,4 k €
Net result	805,6 k €	+95.8%	411,4 k €	-7.1%	442,8 k €	-26.5%	602,2 k €	-48.7%	1,2 M €	+89.9%	618,8 k €	+42.2%	435,1 k €	+178%	156,7 k €	-4.6%	164,3 k €	+36.0%	120,8 k €	+17.2%	103,1 k €	+83.3%	56,2 k €	-44.1%	100,6 k €	+2789%	3,5 k €	+101%	-260,1 k €	-545%	58,5 k €	+24.1%	47,1 k €	-72.5%	171,1 k €	+1076%	14,5 k €
Balance sheet
Equity	189,1 k €	+3.0%	183,5 k €	-6.9%	197,1 k €	-3.5%	204,3 k €	-42.0%	352,1 k €	-55.8%	797,3 k €	+27.9%	623,6 k €	-5.2%	657,5 k €	-29.7%	935,8 k €	+21.3%	771,6 k €	+18.6%	650,7 k €	+18.8%	547,6 k €	+11.4%	491,4 k €	+25.8%	390,8 k €	+0.9%	387,3 k €	-40.2%	647,4 k €	+9.9%	588,9 k €	-25.3%	787,9 k €	+27.7%	616,8 k €
Total assets	7,8 M €	+2.8%	7,6 M €	+20.5%	6,3 M €	+80.7%	3,5 M €	-13.0%	4 M €	+28.7%	3,1 M €	+11.4%	2,8 M €	+2.1%	2,7 M €	-24.6%	3,6 M €	+3.4%	3,5 M €	-9.2%	3,8 M €	-2.2%	3,9 M €	-12.5%	4,5 M €	+20.2%	3,7 M €	+4.2%	3,6 M €	+30.9%	2,7 M €	-6.0%	2,9 M €	+47.3%	2 M €	+33.6%	1,5 M €
Cash	656,8 k €	+31.2%	500,7 k €	-2.0%	510,7 k €	-58.6%	1,2 M €	-38.7%	2 M €	+44.9%	1,4 M €	+82.8%	759,9 k €	+39.3%	545,3 k €	+116%	251,9 k €	-55.2%	562,2 k €	+2.4%	549,1 k €	+47.1%	373,3 k €	-62.9%	1 M €	+1852%	51,5 k €	-69.6%	169,6 k €	-64.5%	478,1 k €	-50.4%	963,8 k €	+189%	333,1 k €	+214%	106 k €
Debts	6,3 M €	+5.8%	5,9 M €	+32.6%	4,5 M €	+40.4%	3,2 M €	-10.4%	3,5 M €	+60.8%	2,2 M €	+9.6%	2 M €	-1.5%	2 M €	-23.0%	2,7 M €	-1.6%	2,7 M €	-15.6%	3,2 M €	-5.0%	3,4 M €	-2.6%	3,5 M €	+3.1%	3,4 M €	+4.7%	3,2 M €	+53.7%	2,1 M €	-7.9%	2,3 M €	+119%	1 M €	+45.3%	711,5 k €
Other
Workforce	43,2 ETP	-10.9%	48,5 ETP	-2.2%	49,6 ETP	+0.6%	49,3 ETP	0.0%	49,3 ETP	-0.8%	49,7 ETP	+1.8%	48,8 ETP	+2.1%	47,8 ETP	+0.8%	47,4 ETP	+10.7%	42,8 ETP	+16.9%	36,6 ETP	-5.7%	38,8 ETP	+7.5%	36,1 ETP	-1.6%	36,7 ETP	+1.9%	36,0 ETP	+11.1%	32,4 ETP	+6.9%	30,3 ETP	+13.1%	26,8 ETP	-14.1%	31,2 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 30/06/2025 · 2 active · 17 ended

Active mandates

ELIZABETH CLINCKSPOOR

Administrator - manager

Active

TOM NEYT

Administrator - manager

Active

Ended mandates

Elizabeth Clinckspoor

Director · since 17 mars 2009 · until 27 juin 2013

Ended

Elizabeth Clinckspoor

Director · since 17 mars 2009 · until 18 mars 2015

Ended

Marleen Van Durme

Managing director · since 17 mars 2009 · until 18 mars 2015

Ended

Pieter-Jan Clinckspoor

Director · since 17 mars 2009 · until 27 juin 2013

Ended

At this address

Other companies at this address

Company	CBE no.
E.C.● Active	0844.374.805
RET● Active	0727.389.340
"Verenigng van mede-eigenaars gebouw Gaversesteenweg 2/4 te 9820 Merelbeke"● Active	0836.473.659

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/12/2025	20/12/2024	26/12/2023	21/12/2022	28/12/2021	16/12/2020
General meeting	16/12/2025	19/11/2024	19/12/2023	20/12/2022	21/12/2021	15/12/2020
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	30/06/2025	16/12/2025	19/12/2025	Dutch	PDF
Abridged model	30/06/2024	19/11/2024	20/12/2024	Dutch	PDF
Abridged model	30/06/2023	19/12/2023	26/12/2023	Dutch	PDF
Abridged model	30/06/2022	20/12/2022	21/12/2022	Dutch	PDF
Abridged model	30/06/2021	21/12/2021	28/12/2021	Dutch	PDF
Abridged model	30/06/2020	15/12/2020	16/12/2020	Dutch	PDF
Abridged model	30/06/2019	17/12/2019	18/12/2019	Dutch	PDF
Abridged model	30/06/2018	18/12/2018	26/12/2018	Dutch	PDF
Abridged model	30/06/2017	30/12/2017	10/01/2018	Dutch	PDF
Full model	30/06/2016	29/12/2016	14/01/2017	Dutch	PDF
Full model	30/06/2015	29/12/2015	27/01/2016	Dutch	PDF
Full model	30/06/2014	30/12/2014	15/01/2015	Dutch	PDF
Full model	30/06/2013	31/01/2014	06/02/2014	Dutch	PDF
Full model	30/09/2012	18/04/2013	13/05/2013	Dutch	PDF
Full model	30/09/2011	29/03/2012	30/04/2012	Dutch	PDF
Abridged model	30/09/2010	22/04/2011	16/05/2011	Dutch	PDF
Abridged model	30/09/2009	15/04/2010	30/04/2010	Dutch	PDF
Abridged model	30/09/2008	17/03/2009	10/04/2009	Dutch	PDF
Abridged model	30/09/2007	18/03/2008	31/03/2008	Dutch	PDF
Abridged model	30/09/2006	20/03/2007	13/04/2007	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 30/06/2025 · 2 active · 17 ended

Active mandates

ELIZABETH CLINCKSPOOR

Administrator - manager

Active

TOM NEYT

Administrator - manager

Active

Ended mandates

Elizabeth Clinckspoor

Director · since 17 mars 2009 · until 27 juin 2013

Ended

Elizabeth Clinckspoor

Director · since 17 mars 2009 · until 18 mars 2015

Ended

Marleen Van Durme

Managing director · since 17 mars 2009 · until 18 mars 2015

Ended

Pieter-Jan Clinckspoor

Director · since 17 mars 2009 · until 27 juin 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/07/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/11/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/03/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2013
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - WIJZIGING RECHTSVORM
PDF
Mandates30/03/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/05/2009
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 2025805,6 k €↑
2024
Annual accounts 2024411,4 k €↓
2023
Annual accounts 2023442,8 k €↓
2022
Annual accounts 2022602,2 k €↓
2021
Annual accounts 20211,2 M €↑
2020
Annual accounts 2020618,8 k €↑
2019
Annual accounts 2019435,1 k €↑
2018
Annual accounts 2018156,7 k €↓
2017
Annual accounts 2017164,3 k €↑
2016
Annual accounts 2016120,8 k €↑
2015
Annual accounts 2015103,1 k €↑
2014
Annual accounts 201456,2 k €↓
2013
Annual accounts 2013100,6 k €↑
2012
Annual accounts 20123,5 k €↑
2011
Annual accounts 2011-260,1 k €↓
2010
Annual accounts 201058,5 k €↑
2009
Annual accounts 200947,1 k €↓
2007
Annual accounts 2007171,1 k €↑
2006
Annual accounts 200614,5 k €
31/03/1983
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

VDM (SA)

Overview

What does VDM 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