ACTIVE

VESUVIUS GROUP

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Financial year 2025 · closed on 31/12/2025

Net result

6,7 M €

+0.3% YoY

Revenue

94,2 M €

+4.9% YoY

Equity

30 M €

-0.3% YoY

Workforce

146,7 ETP

-3.8% YoY

What does VESUVIUS GROUP do?

VESUVIUS GROUP is a Public limited company incorporated in 1984. Its main activity is: Manufacture of instruments and appliances for measuring, testing and navigation. Its registered office is in Mons. It employs on average 146,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.600.663

Incorporation

06/04/1984

Legal form

Public limited company

Registered office

Rue de Douvrain (G.) 17
7011 Mons · WallonieSee on map

Contributed capital

2 877 000,00 €

Latest accounts

31/12/2025

Average workforce

146,7 ETP

Activities (NACE)

26510Manufacture of instruments and appliances for measuring, testing and navigation· main 26510Manufacture of instruments and appliances for measuring, testing and navigation 73200Market research and public opinion polling 73200Market research and public opinion polling 74131Specialised design activities

Joint committees (2)

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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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		2008		2007
Income statement
Revenue	94,2 M €	+4.9%	89,8 M €	+2.6%	87,5 M €	+10.1%	79,5 M €	+2.6%	77,5 M €	-7.6%	83,9 M €	-18.2%	102,5 M €	-12.2%	116,8 M €	+2.3%	114,2 M €	+43.9%	79,4 M €	+19.9%	66,2 M €	-4.9%	69,7 M €	+5.5%	66,1 M €	+7.5%	61,5 M €	+1.0%	60,9 M €	+12.6%	54,1 M €	+27.1%	42,5 M €	-28.0%	59,1 M €	+7.7%	54,9 M €
EBITDA	10 M €	-5.5%	10,5 M €	+31.9%	8 M €	+55.6%	5,1 M €	-7.2%	5,5 M €	-31.5%	8,1 M €	+1731%	-494,8 k €	-111%	4,6 M €	-34.2%	7 M €	+11.7%	6,3 M €	+292%	1,6 M €	+2023%	-83,3 k €	-114%	575 k €	-66.0%	1,7 M €	-58.4%	4,1 M €	+27.6%	3,2 M €	+779%	362 k €	-91.7%	4,4 M €	+38.2%	3,2 M €
Operating result	7,9 M €	-3.7%	8,2 M €	+65.1%	5 M €	+19.2%	4,2 M €	+110%	2 M €	-56.7%	4,6 M €	+202%	-4,5 M €	-5423%	85 k €	-97.8%	3,8 M €	-22.6%	4,9 M €	+1571%	295,3 k €	+137%	-789,6 k €	-1137%	76,2 k €	-94.9%	1,5 M €	-57.0%	3,5 M €	+57.2%	2,2 M €	+305%	-1,1 M €	-136%	3 M €	-4.3%	3,2 M €
Net result	6,7 M €	+0.3%	6,7 M €	+35.6%	4,9 M €	+19.6%	4,1 M €	+135%	1,8 M €	-60.3%	4,4 M €	+190%	-4,9 M €	-558%	1,1 M €	-43.3%	1,9 M €	-31.9%	2,8 M €	+957%	263,5 k €	+131%	-856,2 k €	-155%	-335,6 k €	-168%	491,8 k €	-77.1%	2,1 M €	+169%	798,6 k €	+138%	-2,1 M €	-223%	1,7 M €	-11.2%	1,9 M €
Balance sheet
Equity	30 M €	-0.3%	30,1 M €	+28.2%	23,5 M €	+28.1%	18,3 M €	+28.9%	14,2 M €	+14.1%	12,5 M €	+54.6%	8,1 M €	-38.0%	13 M €	+8.9%	11,9 M €	+18.8%	10,1 M €	+40.0%	7,2 M €	+5.1%	6,8 M €	-9.8%	7,6 M €	-4.4%	7,9 M €	+35.1%	5,9 M €	-10.2%	6,5 M €	+13.8%	5,7 M €	-26.8%	7,8 M €	+27.5%	6,1 M €
Total assets	53,2 M €	+8.2%	49,2 M €	+22.8%	40,1 M €	+16.2%	34,5 M €	-4.3%	36 M €	+10.8%	32,5 M €	-13.7%	37,7 M €	-25.7%	50,8 M €	-3.3%	52,5 M €	+9.6%	47,9 M €	+98.5%	24,1 M €	-22.0%	31 M €	+6.1%	29,2 M €	+14.8%	25,4 M €	-3.7%	26,4 M €	+1.4%	26 M €	+34.2%	19,4 M €	-37.4%	31 M €	+11.2%	27,9 M €
Cash	2,2 M €	-25.9%	3 M €	+172%	1,1 M €	+124%	498,7 k €	-27.7%	689,5 k €	-30.1%	986,6 k €	-53.7%	2,1 M €	-52.1%	4,4 M €	+425%	846,6 k €	-1.9%	863 k €	-15.7%	1 M €	+93.5%	529,1 k €	-45.8%	975,8 k €	+147%	395,1 k €	-58.3%	947,7 k €	+51.7%	624,7 k €	+341%	141,5 k €	+390%	28,9 k €	+58.2%	18,3 k €
Debts	21,5 M €	+27.2%	16,9 M €	+18.0%	14,3 M €	+0.9%	14,2 M €	-23.8%	18,7 M €	+9.0%	17,1 M €	-34.9%	26,3 M €	-21.2%	33,4 M €	-12.2%	38 M €	+6.1%	35,8 M €	+163%	13,6 M €	-42.0%	23,5 M €	+13.1%	20,8 M €	+22.8%	16,9 M €	-15.1%	19,9 M €	+4.5%	19,1 M €	+46.3%	13 M €	-41.7%	22,4 M €	+9.3%	20,5 M €
Other
Workforce	146,7 ETP	-3.8%	152,5 ETP	+2.2%	149,2 ETP	+12.5%	132,6 ETP	+4.8%	126,5 ETP	+7.0%	118,2 ETP	+6.8%	110,7 ETP	-2.1%	113,1 ETP	-10.0%	125,6 ETP	-0.9%	126,7 ETP	-4.4%	132,5 ETP	-0.5%	133,2 ETP	-1.3%	135,0 ETP	-5.7%	143,1 ETP	+4.6%	136,8 ETP	+7.4%	127,4 ETP	-0.2%	127,7 ETP	+1.0%	126,4 ETP	+4.6%	120,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 46 ended

Active mandates

Nicolas DELACENSERIE

Director · since 18 octobre 2024 · until 25 juin 2027

Active

Elisabetta DE ZAN

Director · since 21 avril 2023 · until 25 juin 2027

Active

Patrick ANDRE

Managing director · since 07 mai 2021 · until 25 juin 2027

Active

Vincent JUILLARD

Director · since 07 mai 2021 · until 25 juin 2027

Active

Vincent BOISDEQUIN

Director · since 01 janvier 2020 · until 26 juin 2026

Active

Ended mandates

Richard BOVY

Director · since 01 décembre 2022 · until 18 novembre 2024

Ended

Richard BOVY

Director · since 01 décembre 2022 · until 07 mai 2027

Ended

Richard BOVY

Director · since 01 décembre 2022 · until 25 juin 2027

Ended

Lorreine SASTRIAS

Director · since 30 septembre 2021 · until 30 novembre 2022

Ended

At this address

Other companies at this address

Company	CBE no.
VESUVIUS EUROPE● Active	0423.310.572

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	30/07/2026	25/08/2025	10/07/2024	15/05/2023	17/05/2022	14/05/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	05/05/2023	06/05/2022	07/05/2021
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
Full model	31/12/2025	26/06/2026	30/07/2026	French	PDF
Full model	31/12/2024	27/06/2025	25/08/2025	French	PDF
Full model	31/12/2023	28/06/2024	10/07/2024	French	PDF
Full model	31/12/2022	05/05/2023	15/05/2023	French	PDF
Full model	31/12/2021	06/05/2022	17/05/2022	French	PDF
Full model	31/12/2020	07/05/2021	14/05/2021	French	PDF
Full model	31/12/2019	18/05/2020	26/05/2020	French	PDF
Full model	31/12/2018	03/05/2019	23/05/2019	French	PDF
Full model	31/12/2017	04/05/2018	07/06/2018	French	PDF
Full model	31/12/2016	05/05/2017	31/05/2017	French	PDF
Full model	31/12/2015	06/05/2016	26/05/2016	French	PDF
Full model	31/12/2014	04/05/2015	07/05/2015	French	PDF
Full model	31/12/2013	19/05/2014	26/05/2014	French	PDF
Full model	31/12/2012	07/05/2013	27/05/2013	French	PDF
Full model	31/12/2011	03/05/2012	22/05/2012	French	PDF
Full model	31/12/2010	06/05/2011	11/05/2011	French	PDF
Full model	31/12/2009	07/05/2010	21/05/2010	French	PDF
Full model	31/12/2008	11/05/2009	14/05/2009	French	PDF
Full model	31/12/2007	05/05/2008	17/06/2008	French	PDF
Full model	31/12/2006	04/05/2007	25/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 46 ended

Active mandates

Nicolas DELACENSERIE

Director · since 18 octobre 2024 · until 25 juin 2027

Active

Elisabetta DE ZAN

Director · since 21 avril 2023 · until 25 juin 2027

Active

Patrick ANDRE

Managing director · since 07 mai 2021 · until 25 juin 2027

Active

Vincent JUILLARD

Director · since 07 mai 2021 · until 25 juin 2027

Active

Vincent BOISDEQUIN

Director · since 01 janvier 2020 · until 26 juin 2026

Active

Ended mandates

Richard BOVY

Director · since 01 décembre 2022 · until 18 novembre 2024

Ended

Richard BOVY

Director · since 01 décembre 2022 · until 07 mai 2027

Ended

Richard BOVY

Director · since 01 décembre 2022 · until 25 juin 2027

Ended

Lorreine SASTRIAS

Director · since 30 septembre 2021 · until 30 novembre 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/12/2024
DEMISSIONS, NOMINATIONS
PDF
Other19/04/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE
PDF
Mandates27/11/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates09/11/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates30/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates11/03/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates23/11/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates23/11/2021
DEMISSIONS, NOMINATIONS
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 20256,7 M €↑
2024
Annual accounts 20246,7 M €↑
18/10/2024
nominationNicolas Delacenserie — Administrateur
2023
Annual accounts 20234,9 M €↑
28/07/2023
nominationThomas Verhamme — Commissaire Réviseur
21/04/2023
nominationElisabetta De Zan — Administrateur
2022
Annual accounts 20224,1 M €↑
19/12/2022
nominationRichard Bovy — Administrateur
01/12/2022
nominationRichard Bovy — Administrateur
2021
Annual accounts 20211,8 M €↓
2020
Annual accounts 20204,4 M €↑
2019
Annual accounts 2019-4,9 M €↓
2018
Annual accounts 20181,1 M €↓
2017
Annual accounts 20171,9 M €↓
2016
Annual accounts 20162,8 M €↑
2015
Annual accounts 2015263,5 k €↑
2014
Annual accounts 2014-856,2 k €↓
2013
Annual accounts 2013-335,6 k €↓
2012
Annual accounts 2012491,8 k €↓
2011
Annual accounts 20112,1 M €↑
2010
Annual accounts 2010798,6 k €↑
2009
Annual accounts 2009-2,1 M €↓
2008
Annual accounts 20081,7 M €↓
2007
Annual accounts 20071,9 M €
06/04/1984
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

VESUVIUS GROUP

Overview

What does VESUVIUS GROUP 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