ACTIVE

VAS

Export PDF

Financial year 2025 · Closed on 30/09/2025

Net result230,7 k €+138,7 %over 1 year

Gross margin381,7 k €-5,9 %over 1 year

Equity6,4 M €+6,5 %over 1 year

Workforce0,0 ETP

Identity

Source · BCE/KBO

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
Contributed capital: 2 203 384,74 €
Latest accounts: 30/09/2025
Average workforce: 0,0 ETP

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 70120Activities of head offices 68310Real estate agencies 68311Real estate agencies 70311Activities of head offices; management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 17 financial years

	2025		2024		2023		2022		2019
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 €
EBITDA	356,3 k €	-8.7%	390,2 k €	+197%	131,4 k €	-96.5%	3,8 M €	+3640%	101,1 k €
Operating result	205,7 k €	+1690%	-12,9 k €	+59.5%	-32 k €	-101%	3,7 M €	+18176%	20 k €
Net result	230,7 k €	+139%	96,6 k €	-62.4%	257,3 k €	-90.2%	2,6 M €	+58553%	4,5 k €
Balance sheet
Equity	6,4 M €	+6.5%	6 M €	+1.6%	5,9 M €	+4.5%	5,7 M €	+102%	2,8 M €
Total assets	9,3 M €	-3.1%	9,6 M €	+15.3%	8,4 M €	+5.4%	7,9 M €	+122%	3,6 M €
Cash	231 k €	-61.0%	591,6 k €	+58.0%	374,5 k €	-66.0%	1,1 M €	+652%	146,5 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 €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Anne-Sophie Vancaeneghem	Director23/02/2007 → 01/09/2026
AVUS0447.017.075Represented by Vancaeneghem Philip	Managing director01/09/2020 → 01/09/2026Director01/09/2020 → 2021 accountsended
Karina Van Lancker	Director23/02/2007 → 01/09/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Anne-Sophie Van Caeneghem	Director22/02/2013 → 2019 accounts
VIM0447.291.843Represented by Paula Vandevijver	Managing director22/02/2013 → 2019 accounts

Other companies at this address

Twaalfkameren 17 9000 Gent

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

Full financial information

Source · NBB

	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

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	27/02/2026	26/03/2026	Dutch	PDF
Abridged model	30/09/2024	28/03/2025	28/04/2025	Dutch	PDF
Micro model	30/09/2023	15/03/2024	03/04/2024	Dutch	PDF
Micro model	30/09/2022	31/03/2023	28/04/2023	Dutch	PDF
Abridged model	30/09/2021	25/02/2022	22/03/2022	Dutch	PDF
Abridged model	30/09/2020	26/02/2021	22/03/2021	Dutch	PDF
Abridged model	30/09/2019	28/03/2020	28/04/2020	Dutch	PDF
Abridged model	30/09/2018	22/02/2019	25/02/2019	Dutch	PDF
Abridged model	30/09/2017	23/02/2018	20/03/2018	Dutch	PDF
Abridged model	30/09/2016	24/02/2017	23/03/2017	Dutch	PDF
Abridged model	30/09/2015	26/02/2016	24/03/2016	Dutch	PDF
Abridged model	30/09/2014	27/02/2015	10/03/2015	Dutch	PDF
Abridged model	30/09/2013	28/02/2014	24/03/2014	Dutch	PDF
Abridged model	30/09/2012	22/02/2013	14/03/2013	Dutch	PDF
Abridged model	30/09/2011	31/03/2012	18/04/2012	Dutch	PDF
Abridged model	30/09/2010	26/04/2011	29/04/2011	Dutch	PDF
Abridged model	30/09/2009	26/03/2010	22/04/2010	Dutch	PDF
Abridged model	30/09/2008	30/03/2009	07/05/2009	Dutch	PDF
Abridged model	30/09/2007	22/02/2008	25/03/2008	Dutch	PDF
Abridged model	30/09/2006	23/02/2007	20/03/2007	Dutch	PDF

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.

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.

Board of directors

Source · NBB, accounts to 30/09/2025

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Anne-Sophie Vancaeneghem	Director23/02/2007 → 01/09/2026
AVUS0447.017.075Represented by Vancaeneghem Philip	Managing director01/09/2020 → 01/09/2026Director01/09/2020 → 2021 accountsended
Karina Van Lancker	Director23/02/2007 → 01/09/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Anne-Sophie Van Caeneghem	Director22/02/2013 → 2019 accounts
VIM0447.291.843Represented by Paula Vandevijver	Managing director22/02/2013 → 2019 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates29/09/2026
Herbenoeming (gedelegeerd) bestuurders
PDF
Restructuring24/02/2026
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other29/12/2025
DIVERSEN
PDF
Capital / shares07/04/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - KAPITAAL - AANDELEN
PDF
Mandates18/09/2020
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares16/01/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates12/03/2013
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings17 filings

Mandates

AVUS

Anne-Sophie Vancaeneghem

Karina Van Lancker

VIM

Anne-Sophie Van Caeneghem

198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

VAS

Twaalfkameren 17, 9000 Gent

Managing director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Twaalfkameren 17, 9000 GentCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00062961

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
VASCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00062961

Events

2025
Annual accounts 2025230,7 k €↑
2024
Annual accounts 202496,6 k €↓
2023
Annual accounts 2023257,3 k €↓
2022
Annual accounts 20222,6 M €↑
2019
Annual accounts 20194,5 k €↓
2018
Annual accounts 20187,5 k €↓
2017
Annual accounts 201727,2 k €↓
2016
Annual accounts 201656,4 k €↓
2015
Annual accounts 2015111,8 k €↑
2014
Annual accounts 201499,1 k €↓
2013
Annual accounts 2013598,7 k €↑
2012
Annual accounts 201251,1 k €↑
2011
Annual accounts 201131,7 k €↑
2010
Annual accounts 201012,9 k €↑
2009
Annual accounts 2009-28,7 k €↓
2008
Annual accounts 200821,3 k €↑
2007
Annual accounts 20075,2 k €
17/07/1985
IncorporationPublic limited company

VAS

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events