VAS
0427.671.614 · rovalta.com · 21/09/2026
ACTIVE
VAS
Financial year 2025 · closed on 30/09/2025
Net result
230,7 k €
+138.7% YoY
Gross margin
381,7 k €
-5.9% YoY
Equity
6,4 M €
+6.5% YoY
Workforce
0,0 ETP
Overview
What does VAS do?
VAS is a Public limited company incorporated in 1985. Its main activity is: Buying and selling of own real estate. Its registered office is in Gent.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0427.671.614
Incorporation
17/07/1985
Legal form
Public limited company
Registered office
Twaalfkameren 17
9000 Gent · FlandreSee on map
9000 Gent · FlandreSee on map
Contributed capital
2 203 384,74 €
Latest accounts
30/09/2025
Average workforce
0,0 ETP
Activities (NACE)
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 17 financial years
| 2025 | 2024 | 2023 | 2022 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||
| Gross margin | 381,7 k € | -5.9% | 405,7 k € | +177% | 146,4 k € | -96.2% | 3,8 M € | +3120% | 118,2 k € | +22.8% | 96,3 k € | +8.1% | 89,0 k € | -63.1% | 241,3 k € | +53.2% | 157,5 k € | -17.3% | 190,5 k € | -70.7% | 649,2 k € | +803% | 71,9 k € | +17.2% | 61,4 k € | +92.0% | 32,0 k € | +4218% | -776,3 € | -103% | 22,4 k € | -21.3% | 28,5 k € |
| EBITDA | 356,3 k € | -8.7% | 390,2 k € | +197% | 131,4 k € | -96.5% | 3,8 M € | +3640% | 101,1 k € | +38.0% | 73,3 k € | -23.4% | 95,7 k € | -18.1% | 116,8 k € | -20.0% | 146,1 k € | -19.5% | 181,4 k € | -70.5% | 615,2 k € | +857% | 64,3 k € | +19.0% | 54,0 k € | +148% | 21,8 k € | +179% | -27,7 k € | -297% | 14,0 k € | -36.1% | 21,9 k € |
| Operating result | 205,7 k € | +1690% | -12,9 k € | +59.5% | -32,0 k € | -101% | 3,7 M € | +18176% | 20,0 k € | +607% | -3,9 k € | -129% | 13,8 k € | -61.5% | 35,8 k € | -47.8% | 68,7 k € | +40.8% | 48,7 k € | -91.4% | 567,0 k € | +2811% | 19,5 k € | +57.1% | 12,4 k € | +246% | -8,5 k € | +81.2% | -45,3 k € | -1118% | -3,7 k € | -177% | 4,8 k € |
| Net result | 230,7 k € | +139% | 96,6 k € | -62.4% | 257,3 k € | -90.2% | 2,6 M € | +58553% | 4,5 k € | -40.1% | 7,5 k € | -72.4% | 27,2 k € | -51.8% | 56,4 k € | -49.5% | 111,8 k € | +12.8% | 99,1 k € | -83.4% | 598,7 k € | +1073% | 51,1 k € | +60.8% | 31,7 k € | +146% | 12,9 k € | +145% | -28,7 k € | -235% | 21,3 k € | +311% | 5,2 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||
| Equity | 6,4 M € | +6.5% | 6,0 M € | +1.6% | 5,9 M € | +4.5% | 5,7 M € | +102% | 2,8 M € | +0.2% | 2,8 M € | -19.9% | 3,5 M € | +0.8% | 3,5 M € | +1.7% | 3,4 M € | +3.1% | 3,3 M € | +3.1% | 3,2 M € | +17.6% | 2,7 M € | +1.9% | 2,7 M € | +1.2% | 2,6 M € | +0.5% | 2,6 M € | -1.1% | 2,7 M € | +301% | 662,9 k € |
| Total assets | 9,3 M € | -3.1% | 9,6 M € | +15.3% | 8,4 M € | +5.4% | 7,9 M € | +122% | 3,6 M € | -1.5% | 3,6 M € | -15.5% | 4,3 M € | -0.2% | 4,3 M € | -11.2% | 4,8 M € | +26.5% | 3,8 M € | +0.8% | 3,8 M € | +20.8% | 3,1 M € | +7.3% | 2,9 M € | -0.4% | 2,9 M € | +1.7% | 2,9 M € | -3.8% | 3,0 M € | +209% | 972,6 k € |
| Cash | 231,0 k € | -61.0% | 591,6 k € | +58.0% | 374,5 k € | -66.0% | 1,1 M € | +652% | 146,5 k € | -13.3% | 169,0 k € | -78.1% | 771,1 k € | -48.6% | 1,5 M € | +2.8% | 1,5 M € | +238% | 431,8 k € | -71.7% | 1,5 M € | +546% | 236,5 k € | -44.3% | 424,3 k € | -15.3% | 500,8 k € | -10.7% | 561,1 k € | +2666% | 20,3 k € | -37.9% | 32,7 k € |
| Debts | 2,1 M € | -21.7% | 2,7 M € | +85.4% | 1,5 M € | +14.3% | 1,3 M € | +91.3% | 664,9 k € | -3.3% | 687,8 k € | -4.7% | 721,6 k € | -1.2% | 730,7 k € | -48.8% | 1,4 M € | +175% | 518,9 k € | -9.6% | 574,1 k € | +40.3% | 409,3 k € | +64.1% | 249,4 k € | -16.0% | 296,8 k € | +16.0% | 255,9 k € | -25.0% | 341,3 k € | +13.0% | 302,0 k € |
| Other | |||||||||||||||||||||||||||||||||
| Workforce | 0,0 ETP | 0,0 ETP | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | ||||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 30/09/2025 · 3 active · 22 ended
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
NONO● Active | 0440.063.858 |
Peleman Consulting Services● Active | 0890.382.695 |
VANCAENEGHEM ADVOCATEN● Active | 0885.160.731 |
VAS BTW GROEP● Active | 0764.808.178 |
VIM● Active | 0447.291.843 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Micro model | Micro model | Abridged model | Abridged model |
| Start of the financial year | 01/10/2024 | 01/10/2023 | 01/10/2022 | 01/10/2021 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 30/09/2025 | 30/09/2024 | 30/09/2023 | 30/09/2022 | 30/09/2021 | 30/09/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 26/03/2026 | 28/04/2025 | 03/04/2024 | 28/04/2023 | 22/03/2022 | 22/03/2021 |
| General meeting | 27/02/2026 | 28/03/2025 | 15/03/2024 | 31/03/2023 | 25/02/2022 | 26/02/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 30/09/2025 | 27/02/2026 | 26/03/2026 | Dutch | |
| Abridged model | 30/09/2024 | 28/03/2025 | 28/04/2025 | Dutch | |
| Micro model | 30/09/2023 | 15/03/2024 | 03/04/2024 | Dutch | |
| Micro model | 30/09/2022 | 31/03/2023 | 28/04/2023 | Dutch | |
| Abridged model | 30/09/2021 | 25/02/2022 | 22/03/2022 | Dutch | |
| Abridged model | 30/09/2020 | 26/02/2021 | 22/03/2021 | Dutch | |
| Abridged model | 30/09/2019 | 28/03/2020 | 28/04/2020 | Dutch | |
| Abridged model | 30/09/2018 | 22/02/2019 | 25/02/2019 | Dutch | |
| Abridged model | 30/09/2017 | 23/02/2018 | 20/03/2018 | Dutch | |
| Abridged model | 30/09/2016 | 24/02/2017 | 23/03/2017 | Dutch | |
| Abridged model | 30/09/2015 | 26/02/2016 | 24/03/2016 | Dutch | |
| Abridged model | 30/09/2014 | 27/02/2015 | 10/03/2015 | Dutch | |
| Abridged model | 30/09/2013 | 28/02/2014 | 24/03/2014 | Dutch | |
| Abridged model | 30/09/2012 | 22/02/2013 | 14/03/2013 | Dutch | |
| Abridged model | 30/09/2011 | 31/03/2012 | 18/04/2012 | Dutch | |
| Abridged model | 30/09/2010 | 26/04/2011 | 29/04/2011 | Dutch | |
| Abridged model | 30/09/2009 | 26/03/2010 | 22/04/2010 | Dutch | |
| Abridged model | 30/09/2008 | 30/03/2009 | 07/05/2009 | Dutch | |
| Abridged model | 30/09/2007 | 22/02/2008 | 25/03/2008 | Dutch | |
| Abridged model | 30/09/2006 | 23/02/2007 | 20/03/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 2,5 M€ and 5 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/09/2025 · 3 active · 22 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Restructuring24/02/2026DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Other29/12/2025DIVERSEN
- Capital / shares07/04/2022STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - KAPITAAL - AANDELEN
- Mandates18/09/2020MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
- Mandates06/05/2020ONTSLAGEN - BENOEMINGEN
- Capital / shares16/01/2018KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates12/03/2013ONTSLAGEN - BENOEMINGEN
- Registered office10/05/2012MAATSCHAPPELIJKE ZETEL
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025230,7 k €↑
- 2024Annual accounts 202496,6 k €↓
- 2023Annual accounts 2023257,3 k €↓
- 2022Annual accounts 20222,6 M €↑
- 2019Annual accounts 20194,5 k €↓
- 2018Annual accounts 20187,5 k €↓
- 2017Annual accounts 201727,2 k €↓
- 2016Annual accounts 201656,4 k €↓
- 2015Annual accounts 2015111,8 k €↑
- 2014Annual accounts 201499,1 k €↓
- 2013Annual accounts 2013598,7 k €↑
- 2012Annual accounts 201251,1 k €↑
- 2011Annual accounts 201131,7 k €↑
- 2010Annual accounts 201012,9 k €↑
- 2009Annual accounts 2009-28,7 k €↓
- 2008Annual accounts 200821,3 k €↑
- 2007Annual accounts 20075,2 k €
- 17/07/1985IncorporationPublic limited company