ACTIVE

VREE

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Financial year 2025 · closed on 31/12/2025

Net result

1,6 k €

-5.7% YoY

Gross margin

3 k €

+1.9% YoY

Equity

28,9 k €

+5.9% YoY

What does VREE do?

VREE is a Private limited company incorporated in 1985. Its registered office is in Ichtegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.263.521

Incorporation

15/04/1985

Legal form

Private limited company

Registered office

Doornhoekstraat(BEK) 35
8480 Ichtegem · FlandreSee on map

Contributed capital

34 705,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3 k €	+1.9%	3 k €	+150%	1,2 k €	-55.3%	2,6 k €	+31.3%	2 k €	-27.7%	2,8 k €	+17.9%	2,4 k €	+29.3%	1,8 k €	-30.2%	2,6 k €	-13.3%	3 k €	+4.5%	2,9 k €	+7.1%	2,7 k €	-9.9%	3 k €	+17.7%	2,5 k €	-0.4%	2,6 k €	+149%	1 k €	-74.4%	4 k €	+49905%	8 €	-99.5%	1,6 k €	+7.9%	1,5 k €
EBITDA	1,6 k €	-5.5%	1,7 k €	+47.2%	1,2 k €	-24.6%	1,6 k €	+64.9%	949,7 €	-45.1%	1,7 k €	+29.1%	1,3 k €	+64.0%	816,4 €	-49.0%	1,6 k €	-21.7%	2 k €	+7.5%	1,9 k €	+5.2%	1,8 k €	-15.8%	2,1 k €	+26.4%	1,7 k €	-2.1%	1,7 k €	+208%	564 €	-84.1%	3,5 k €	+915%	-435 €	-138%	1,1 k €	+10.5%	1 k €
Operating result	1,6 k €	-5.5%	1,7 k €	+7346%	-24 €	-102%	1,6 k €	+64.9%	949,7 €	-45.1%	1,7 k €	+49.3%	1,2 k €	+230%	351,2 €	-57.1%	817,9 €	-24.7%	1,1 k €	+15.2%	943,6 €	+11.0%	849,9 €	-37.8%	1,4 k €	+142%	563,2 €	-6.1%	599,9 €	+195%	-634 €	-126%	2,5 k €	+271%	-1,5 k €	-530%	337 €	+234%	101 €
Net result	1,6 k €	-5.7%	1,7 k €	+1568%	-116 €	-108%	1,5 k €	+69.6%	868,4 €	-46.1%	1,6 k €	+41.0%	1,1 k €	+297%	288,3 €	-60.4%	728,1 €	-28.4%	1 k €	+17.2%	868 €	+12.0%	775 €	-40.5%	1,3 k €	+189%	450,1 €	-20.3%	564,5 €	+182%	-686,9 €	-128%	2,4 k €	+262%	-1,5 k €	-1450%	111 €	+139%	-287 €
Balance sheet
Equity	28,9 k €	+5.9%	27,3 k €	+6.6%	25,6 k €	-0.5%	25,7 k €	+6.1%	24,3 k €	+3.7%	23,4 k €	+7.4%	21,8 k €	+5.5%	20,7 k €	+1.4%	20,4 k €	+3.7%	19,6 k €	+5.5%	18,6 k €	+4.9%	17,7 k €	+4.6%	17 k €	+8.3%	15,7 k €	+3.0%	15,2 k €	+3.9%	14,7 k €	-4.5%	15,3 k €	+18.8%	12,9 k €	-10.4%	14,4 k €	+0.8%	14,3 k €
Total assets	55,1 k €	+2.5%	53,8 k €	+0.7%	53,4 k €	-2.1%	54,5 k €	+0.2%	54,4 k €	+0.5%	54,1 k €	-1.0%	54,7 k €	-0.1%	54,7 k €	-2.3%	56 k €	-0.2%	56,1 k €	-0.7%	56,5 k €	-2.2%	57,8 k €	+0.4%	57,6 k €	-1.7%	58,6 k €	-1.3%	59,3 k €	-2.5%	60,8 k €	-1.2%	61,5 k €	+3.5%	59,5 k €	+6.6%	55,8 k €	-1.6%	56,6 k €
Cash	2,2 k €	+160%	831 €	+86.7%	445 €	-71.7%	1,6 k €	+6.4%	1,5 k €	+24.3%	1,2 k €	-31.2%	1,7 k €	+9.3%	1,6 k €	-34.3%	2,4 k €	+38.3%	1,7 k €	+48.9%	1,2 k €	-22.1%	1,5 k €	+75.2%	857,3 €	-18.2%	1 k €	+58.2%	662,2 €	-35.6%	1 k €	-56.4%	2,4 k €	+17.4%	2 k €	+144%	825 €	+40.8%	586 €
Debts	26,2 k €	-1.1%	26,5 k €	-4.7%	27,8 k €	-3.5%	28,8 k €	-4.6%	30,2 k €	-0.6%	30,3 k €	-7.8%	32,9 k €	-3.5%	34,1 k €	-3.3%	35,2 k €	-3.4%	36,5 k €	-2.7%	37,5 k €	-6.4%	40,1 k €	-1.4%	40,6 k €	-5.3%	42,9 k €	-2.7%	44,1 k €	-4.5%	46,2 k €	-0.1%	46,2 k €	-0.8%	46,6 k €	+12.6%	41,4 k €	-2.3%	42,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Roland Monbaliu

Mandate

Active

Ended mandates

Roland Monbaliu

Director

Ended

Roland Monbaliu

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	03/08/2026	01/08/2025	19/07/2024	13/06/2023	07/06/2022	07/09/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	13/05/2023	14/05/2022	06/09/2021
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
Micro model	31/12/2025	30/06/2026	03/08/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	01/08/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	19/07/2024	Dutch	PDF
Micro model	31/12/2022	13/05/2023	13/06/2023	Dutch	PDF
Micro model	31/12/2021	14/05/2022	07/06/2022	Dutch	PDF
Micro model	31/12/2020	06/09/2021	07/09/2021	Dutch	PDF
Micro model	31/12/2019	27/08/2020	31/08/2020	Dutch	PDF
Micro model	31/12/2018	11/05/2019	25/07/2019	Dutch	PDF
Micro model	31/12/2017	31/07/2018	14/08/2018	Dutch	PDF
Abridged model	31/12/2016	21/08/2017	21/08/2017	Dutch	PDF
Abridged model	31/12/2015	17/08/2016	18/08/2016	Dutch	PDF
Abridged model	31/12/2014	18/08/2015	18/08/2015	Dutch	PDF
Abridged model	31/12/2013	14/08/2014	14/08/2014	Dutch	PDF
Abridged model	31/12/2012	09/08/2013	09/08/2013	Dutch	PDF
Abridged model	31/12/2011	08/08/2012	09/08/2012	Dutch	PDF
Abridged model	31/12/2010	14/05/2011	16/05/2011	Dutch	PDF
Abridged model	31/12/2009	10/06/2010	11/06/2010	Dutch	PDF
Abridged model	31/12/2008	01/07/2009	02/07/2009	Dutch	PDF
Abridged model	31/12/2007	31/07/2008	25/08/2008	Dutch	PDF
Abridged model	31/12/2006	12/05/2007	07/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 1 active · 2 ended

Active mandates

Roland Monbaliu

Mandate

Active

Ended mandates

Roland Monbaliu

Director

Ended

Roland Monbaliu

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20251,6 k €↓
2024
Annual accounts 20241,7 k €↑
2023
Annual accounts 2023-116 €↓
2022
Annual accounts 20221,5 k €↑
2021
Annual accounts 2021868,4 €↓
2020
Annual accounts 20201,6 k €↑
2019
Annual accounts 20191,1 k €↑
2018
Annual accounts 2018288,3 €↓
2017
Annual accounts 2017728,1 €↓
2016
Annual accounts 20161 k €↑
2015
Annual accounts 2015868 €↑
2014
Annual accounts 2014775 €↓
2013
Annual accounts 20131,3 k €↑
2012
Annual accounts 2012450,1 €↓
2011
Annual accounts 2011564,5 €↑
2010
Annual accounts 2010-686,9 €↓
2009
Annual accounts 20092,4 k €↑
2008
Annual accounts 2008-1,5 k €↓
2007
Annual accounts 2007111 €↑
2006
Annual accounts 2006-287 €
15/04/1985
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

VREE

Overview

What does VREE do?

Trend over 20 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

Similar companies

Similar companies

Timeline