ACTIVE

V.TS

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Financial year 2025 · Closed on 31/12/2025

Net result159,3 k €+530,5 %over 1 year

Gross margin1,9 M €+17,7 %over 1 year

Equity656,1 k €-27,7 %over 1 year

Workforce21,9 ETP-0,9 %over 1 year

Identity

Source · BCE/KBO

V.TS is a Public limited company incorporated in 1986. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Tournai. It employs on average 21,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0428.815.422
Incorporation: 01/04/1986
Legal form: Public limited company
Registered office: Route de Velaines(MOU) 51
7543 Tournai · WallonieSee on map
Contributed capital: 112 000,00 €
Latest accounts: 31/12/2025
Average workforce: 21,9 ETP

Activities (NACE)

43221Plumbing, heat and air-conditioning installation· main 43221Plumbing, heat and air-conditioning installation 45332Sale of motor vehicle parts and accessories 46742Wholesale of hardware, plumbing and heating equipment and supplies 46842Wholesale trade, except of motor vehicles and motorcycles 51542Air transport

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,9 M €	+17.7%	1,6 M €	+3.3%	1,5 M €	+3.2%	1,5 M €	+16.4%	1,3 M €
EBITDA	401,4 k €	+98.9%	201,8 k €	+28.0%	157,7 k €	-19.9%	196,8 k €	+56.0%	126,2 k €
Operating result	298 k €	+188%	103,6 k €	+10.1%	94,1 k €	-33.9%	142,4 k €	+81.3%	78,6 k €
Net result	159,3 k €	+530%	25,3 k €	-33.3%	37,9 k €	-56.2%	86,5 k €	+92.2%	45 k €
Balance sheet
Equity	656,1 k €	-27.7%	906,9 k €	+2.9%	881,7 k €	+4.5%	843,8 k €	+11.4%	757,3 k €
Total assets	2,7 M €	+0.8%	2,7 M €	+6.9%	2,5 M €	+9.9%	2,3 M €	+23.6%	1,8 M €
Cash	1,1 M €	+62.8%	678,8 k €	+10.8%	612,6 k €	-8.2%	667,2 k €	+12.9%	590,7 k €
Debts	2 M €	+15.4%	1,8 M €	+9.2%	1,6 M €	+13.1%	1,4 M €	+32.1%	1,1 M €
Other
Workforce	21,9 ETP	-0.9%	22,1 ETP	+6.8%	20,7 ETP	-2.8%	21,3 ETP	-0.5%	21,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marion MAES	Mandatesince 07/06/2013administrateur07/06/2019 → 2022 accountsendedDirector01/06/2007 → 2015 accountsended
Patrick VANDEVELDE	Managing directorsince 01/06/2007

Other companies at this address

Route de Velaines(MOU) 51 7543 Tournai

Company	CBE no.
MV FOOD SERVICE● Active	0503.874.715

Full financial information

Source · NBB

	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	31/08/2026	27/08/2025	29/08/2024	31/08/2023	31/08/2022	31/08/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	06/06/2025	27/08/2025	French	PDF
Abridged model	31/12/2023	07/06/2024	29/08/2024	French	PDF
Abridged model	31/12/2022	02/06/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	03/06/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	04/06/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	05/06/2020	28/08/2020	French	PDF
Abridged model	31/12/2018	07/06/2019	30/08/2019	French	PDF
Micro model	31/12/2017	01/06/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	02/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	03/06/2016	26/08/2016	French	PDF
Abridged model	31/12/2014	05/06/2015	26/08/2015	French	PDF
Abridged model	31/12/2013	06/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	07/06/2013	27/08/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	20/07/2012	French	PDF
Abridged model	31/12/2010	03/06/2011	25/07/2011	French	PDF
Abridged model	31/12/2009	04/06/2010	09/07/2010	French	PDF
Abridged model	31/12/2008	05/06/2009	05/06/2009	French	PDF
Abridged model	31/12/2007	06/06/2008	02/07/2008	French	PDF
Abridged model	31/12/2006	01/06/2007	18/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025

2 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marion MAES	Mandatesince 07/06/2013administrateur07/06/2019 → 2022 accountsendedDirector01/06/2007 → 2015 accountsended
Patrick VANDEVELDE	Managing directorsince 01/06/2007

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates01/08/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates03/01/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates07/04/2014
Renouvellement des mandats des administrateurs
PDF
Mandates16/10/2007
DEMISSIONS, NOMINATIONS
PDF
Mandates31/08/2005
* DEMISSION D'UN ADMINISTRATEUR
PDF
Capital / shares19/06/2003
CAPITAL, ACTIONS
PDF

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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

Filings20 filings

Mandates

Marion MAES

Patrick VANDEVELDE

19861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

V.TS

Route de Velaines(MOU) 51, 7543 Mourcourt

administrateurDirector

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Route de Velaines(MOU) 51, 7543 MourcourtCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00485082

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
V.TSCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00485082
VTS	accounts 2022	Accounts 2022 · 2023-00398697
V.TS	accounts 2021	Accounts 2021 · 2022-20398653

Events

2025
Annual accounts 2025159,3 k €↑
2024
Annual accounts 202425,3 k €↓
2023
Annual accounts 202337,9 k €↓
2023
Name changeV.TS
2022
Annual accounts 202286,5 k €↑
2022
Name changeVTS
2021
Annual accounts 202145 k €↑
2020
Annual accounts 202036,9 k €↓
2019
Annual accounts 201944,8 k €↓
2018
Annual accounts 2018121,2 k €↑
2017
Annual accounts 201721,8 k €↓
2016
Annual accounts 201635,4 k €↑
2015
Annual accounts 201520,1 k €↓
2014
Annual accounts 2014130,3 k €↑
2013
Annual accounts 201337 k €↓
2012
Annual accounts 201265,6 k €↑
2011
Annual accounts 201122,5 k €↓
2010
Annual accounts 201035,5 k €↑
2009
Annual accounts 200927,2 k €↓
2008
Annual accounts 200837,1 k €↑
2007
Annual accounts 200729,9 k €↑
2006
Annual accounts 200624 k €
01/04/1986
IncorporationPublic limited company

V.TS

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