ACTIVE

Verlacor

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Financial year 2025 · closed on 31/12/2025

Net result

1,7 M €

-32.7% YoY

Gross margin

2,6 M €

+9.3% YoY

Equity

30,6 M €

+0.8% YoY

Workforce

12,1 ETP

-11.0% YoY

What does Verlacor do?

Verlacor is a Public limited company incorporated in 1985. Its main activity is: Activities of head offices. Its registered office is in Deinze. It employs on average 12,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.330.422

Incorporation

24/12/1985

Legal form

Public limited company

Registered office

Kapellestraat 70
9800 Deinze · FlandreSee on map

Contributed capital

23 797 778,38 €

Latest accounts

31/12/2025

Average workforce

12,1 ETP

Activities (NACE)

70100Activities of head offices· main 70100Activities of head offices 74152Specialised design activities

Joint committees (1)

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 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	2,6 M €	+9.3%	2,4 M €	-1.6%	2,5 M €	+9.0%	2,3 M €	+6.0%	2,1 M €	+22.0%	1,7 M €		–		–		–		–		–		–		–		–		–		–		–
EBITDA	562,2 k €	+752%	-86,2 k €	+92.1%	-1,1 M €	-187%	1,3 M €	+44.4%	868,3 k €	+98.0%	438,7 k €	-28.5%	613,4 k €	-10.6%	685,9 k €	+28.9%	532,2 k €	-26.3%	722,2 k €	+6.2%	680,1 k €	+19.5%	569,1 k €	-14.7%	666,8 k €	+34.4%	496 k €	-17.1%	597,9 k €	+180%	213,9 k €	-16.2%	255,3 k €
Operating result	538,5 k €	+414%	-171,3 k €	+84.6%	-1,1 M €	-191%	1,2 M €	+1967%	59,1 k €	-86.0%	422,6 k €	+12.3%	376,3 k €	-42.2%	650,7 k €	+25.9%	516,8 k €	-26.9%	707,5 k €	+6.3%	665,5 k €	+21.3%	548,8 k €	-12.8%	629,6 k €	+32.1%	476,7 k €	-17.3%	576,6 k €	+198%	193,7 k €	-18.3%	237,1 k €
Net result	1,7 M €	-32.7%	2,6 M €	+226%	793,3 k €	-69.5%	2,6 M €	+361%	564,6 k €	-50.7%	1,1 M €	-4.9%	1,2 M €	+12.8%	1,1 M €	+45.9%	731,8 k €	+4.1%	703,1 k €	-69.1%	2,3 M €	+50.3%	1,5 M €	+3.0%	1,5 M €	-11.7%	1,7 M €	+21.6%	1,4 M €	+39.9%	977,9 k €	+16.3%	841,1 k €
Balance sheet
Equity	30,6 M €	+0.8%	30,4 M €	+9.3%	27,8 M €	-2.5%	28,5 M €	+4.0%	27,4 M €	-3.3%	28,3 M €	-2.9%	29,2 M €	+4.3%	28 M €	+4.0%	26,9 M €	-32.8%	40,1 M €	+1.8%	39,4 M €	+6.1%	37,1 M €	+4.3%	35,6 M €	+4.3%	34,1 M €	+5.1%	32,4 M €	+4.4%	31,1 M €	+3.2%	30,1 M €
Total assets	163,6 M €	-6.0%	174,1 M €	+15.1%	151,3 M €	+4.5%	144,8 M €	+29.1%	112,2 M €	-2.5%	115 M €	+12.2%	102,5 M €	-1.2%	103,8 M €	-3.2%	107,2 M €	-9.4%	118,4 M €	+3.6%	114,2 M €	-2.4%	117 M €	+3.3%	113,3 M €	+1.9%	111,1 M €	+0.9%	110,2 M €	+9.7%	100,5 M €	+3.0%	97,6 M €
Cash	5,5 M €	-37.6%	8,9 M €	+12.5%	7,9 M €	+31.6%	6 M €	-53.9%	13 M €	-32.6%	19,3 M €	-29.6%	27,4 M €	+98.2%	13,8 M €	-18.9%	17 M €	+96.2%	8,7 M €	-46.9%	16,3 M €	+34.9%	12,1 M €	+43.5%	8,4 M €	+134%	3,6 M €	+133%	1,5 M €	-12.3%	1,8 M €	+21.1%	1,5 M €
Debts	133 M €	-7.5%	143,7 M €	+16.4%	123,4 M €	+6.1%	116,3 M €	+37.2%	84,8 M €	-1.8%	86,3 M €	+17.8%	73,3 M €	-3.3%	75,8 M €	-5.6%	80,3 M €	+2.6%	78,3 M €	+4.7%	74,8 M €	-6.4%	79,9 M €	+2.8%	77,7 M €	+0.9%	77 M €	-0.8%	77,7 M €	+12.5%	69,1 M €	+3.2%	66,9 M €
Other
Workforce	12,1 ETP	-11.0%	13,6 ETP	+28.3%	10,6 ETP	-4.5%	11,1 ETP	-8.3%	12,1 ETP	-4.0%	12,6 ETP	-11.3%	14,2 ETP	+1.4%	14,0 ETP	+5.3%	13,3 ETP	+9.9%	12,1 ETP	+4.3%	11,6 ETP	-7.2%	12,5 ETP	+2.5%	12,2 ETP	-0.8%	12,3 ETP	-4.7%	12,9 ETP	-7.9%	14,0 ETP	-0.7%	14,1 ETP

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 · 2 active · 24 ended

Active mandates

Gwijde VERSELE

Managing director · since 08 mai 2021

Active

HELUCA

Director · since 28 décembre 2020 · until 26 mai 2026 · 0401.058.772

Represented by Stefan VERSELE

Active

Ended mandates

Gwijde VERSELE

Managing director · since 08 juillet 2021

Ended

HELUCA

Director · since 28 décembre 2020 · until 25 mai 2026 · 0401.058.772

Represented by Stefan VERSELE

Ended

Gwijde VERSELE

Director · since 25 mai 2020 · until 25 mai 2026

Ended

Gwijde VERSELE

Managing director · since 25 mai 2020 · until 25 mai 2026

Ended

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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	01/01/2025	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	26/08/2026	28/08/2025	20/08/2024	12/07/2023	11/07/2022	12/07/2021
General meeting	26/05/2026	26/05/2025	27/05/2024	30/05/2023	30/05/2022	21/06/2021
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
Abridged model	31/12/2025	26/05/2026	26/08/2026	Dutch	PDF
Abridged model	31/12/2024	26/05/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	27/05/2024	20/08/2024	Dutch	PDF
Abridged model	31/12/2022	30/05/2023	12/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/05/2022	11/07/2022	Dutch	PDF
Abridged model	31/12/2020	21/06/2021	12/07/2021	Dutch	PDF
Full model	31/12/2019	25/05/2020	04/11/2020	Dutch	PDF
Full model	31/12/2018	27/05/2019	29/07/2019	Dutch	PDF
Full model	31/12/2017	28/05/2018	19/07/2018	Dutch	PDF
Full model	31/12/2016	29/05/2017	20/07/2017	Dutch	PDF
Full model	31/12/2015	30/05/2016	27/07/2016	Dutch	PDF
Full model	31/12/2014	26/05/2015	30/06/2015	Dutch	PDF
Full model	31/12/2013	26/05/2014	03/07/2014	Dutch	PDF
Full model	31/12/2012	27/05/2013	29/07/2013	Dutch	PDF
Full model	31/12/2011	29/05/2012	26/06/2012	Dutch	PDF
Full model	31/12/2010	30/05/2011	30/08/2011	Dutch	PDF
Full model	31/12/2009	31/05/2010	16/07/2010	Dutch	PDF
Full model	31/12/2008	25/05/2009	02/06/2009	Dutch	PDF
Full model	31/12/2007	26/05/2008	27/06/2008	Dutch	PDF
Full model	31/12/2006	29/05/2007	27/06/2007	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 · 2 active · 24 ended

Active mandates

Gwijde VERSELE

Managing director · since 08 mai 2021

Active

HELUCA

Director · since 28 décembre 2020 · until 26 mai 2026 · 0401.058.772

Represented by Stefan VERSELE

Active

Ended mandates

Gwijde VERSELE

Managing director · since 08 juillet 2021

Ended

HELUCA

Director · since 28 décembre 2020 · until 25 mai 2026 · 0401.058.772

Represented by Stefan VERSELE

Ended

Gwijde VERSELE

Director · since 25 mai 2020 · until 25 mai 2026

Ended

Gwijde VERSELE

Managing director · since 25 mai 2020 · until 25 mai 2026

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/01/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/07/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/10/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2014
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

21/01/2026
reconductionMEYVAERT Steven — commissaris (vaste vertegenwoordiger van Baker Tilly Bedrijfsrevisoren)
21/01/2026
nominationVERSELE Gwijde — bestuurder
21/01/2026
nominationVERSELE Stefan — bestuurder (vaste vertegenwoordiger van HELUCA)
21/01/2026
reduction_capital
2025
Annual accounts 20251,7 M €↓
2024
Annual accounts 20242,6 M €↑
2023
Annual accounts 2023793,3 k €↓
2022
Annual accounts 20222,6 M €↑
2021
Annual accounts 2021564,6 k €↓
2020
Annual accounts 20201,1 M €↓
2019
Annual accounts 20191,2 M €↑
2018
Annual accounts 20181,1 M €↑
2017
Annual accounts 2017731,8 k €↑
2016
Annual accounts 2016703,1 k €↓
2015
Annual accounts 20152,3 M €↑
2014
Annual accounts 20141,5 M €↑
2013
Annual accounts 20131,5 M €↓
2012
Annual accounts 20121,7 M €↑
2011
Annual accounts 20111,4 M €↑
2010
Annual accounts 2010977,9 k €↑
2009
Annual accounts 2009841,1 k €
24/12/1985
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

Verlacor

Overview

What does Verlacor do?

Trend over 17 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