ACTIVE

VS GROND

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Financial year 2025 · closed on 31/12/2025

Net result

13 k €

-77.3% YoY

Gross margin

47,6 k €

-56.0% YoY

Equity

943,7 k €

+1.4% YoY

What does VS GROND do?

VS GROND is a Public limited company incorporated in 1987. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.079.966

Incorporation

23/09/1987

Legal form

Public limited company

Registered office

Bredabaan 513
2170 Antwerpen · FlandreSee on map

Contributed capital

62 000,00 €

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	47,6 k €	-56.0%	108,3 k €	-34.8%	166 k €	+49.1%	111,3 k €	+19.9%	92,9 k €	-17.1%	112 k €	+25.1%	89,5 k €	-1.2%	90,5 k €	-71.3%	315,8 k €	+266%	86,2 k €	-3.2%	89 k €	+177%	32,2 k €	+28.6%	25 k €	-28.6%	35 k €	+449%	6,4 k €	-15.1%	7,5 k €	-10.9%	8,4 k €	+9.0%	7,7 k €	-92.6%	104,4 k €	+1310%	7,4 k €
EBITDA	21,2 k €	-74.4%	82,6 k €	-41.5%	141,2 k €	+59.4%	88,6 k €	+25.5%	70,6 k €	-0.8%	71,2 k €	+1.8%	69,9 k €	-0.9%	70,6 k €	-51.2%	144,8 k €	+112%	68,2 k €	+231%	20,6 k €	-34.9%	31,6 k €	+47.4%	21,4 k €	+198%	7,2 k €	+117%	-41,7 k €	-698%	7 k €	-9.8%	7,7 k €	+9.6%	7 k €	-93.2%	103,4 k €	+1599%	6,1 k €
Operating result	16,2 k €	-79.1%	77,6 k €	-43.0%	136,2 k €	+62.9%	83,6 k €	+27.4%	65,6 k €	-0.9%	66,2 k €	+313%	16 k €	-75.6%	65,6 k €	-53.0%	139,8 k €	+121%	63,2 k €	+305%	15,6 k €	-41.4%	26,6 k €	+61.7%	16,5 k €	+129%	7,2 k €	+117%	-41,7 k €	-698%	7 k €	-9.8%	7,7 k €	+9.6%	7 k €	-93.2%	103,4 k €	+1599%	6,1 k €
Net result	13 k €	-77.3%	57,4 k €	-40.9%	97 k €	+62.5%	59,7 k €	+29.5%	46,1 k €	-10.9%	51,7 k €	+220%	16,2 k €	-76.1%	67,7 k €	-64.8%	192,6 k €	-10.2%	214,5 k €	+276%	-121,8 k €	-574%	25,7 k €	+85.4%	13,9 k €	+589%	-2,8 k €	+94.5%	-51,7 k €	-1580%	-3,1 k €	-25.8%	-2,4 k €	+19.1%	-3 k €	-105%	61,9 k €	-20.4%	77,8 k €
Balance sheet
Equity	943,7 k €	+1.4%	930,7 k €	+6.6%	873,3 k €	+12.5%	776,4 k €	+8.3%	716,7 k €	+6.9%	670,6 k €	+8.4%	618,9 k €	+2.7%	602,8 k €	+12.7%	535,1 k €	+22.5%	436,8 k €	+96.5%	222,3 k €	-35.4%	344,1 k €	+8.1%	318,4 k €	+4.6%	304,6 k €	-0.9%	307,4 k €	-14.4%	359,1 k €	-0.8%	362,1 k €	-0.7%	364,6 k €	-0.8%	367,6 k €	+20.3%	305,7 k €
Total assets	980,4 k €	-0.7%	987,5 k €	-0.3%	990,3 k €	+1.5%	976 k €	-0.9%	985,1 k €	-1.7%	1 M €	-1.7%	1 M €	+69.2%	602,8 k €	+12.7%	535,1 k €	-65.1%	1,5 M €	+9.5%	1,4 M €	-20.3%	1,8 M €	+104%	860 k €	+56.3%	550,4 k €	-0.9%	555,2 k €	-0.4%	557,4 k €	+1.2%	550,5 k €	+1.4%	543 k €	-1.7%	552,1 k €	+1.0%	546,9 k €
Cash	19,7 k €	-32.9%	29,3 k €	-8.4%	32 k €	+120%	14,5 k €	-29.4%	20,5 k €	-40.9%	34,8 k €	-29.3%	49,2 k €	-38.5%	80 k €	+677%	10,3 k €	-79.8%	51,1 k €	+174%	18,6 k €	-80.5%	95,6 k €	+6244%	1,5 k €	+751%	177,2 €	+14.2%	155,3 €	-68.5%	493 €	-75.9%	2 k €	+138%	858,3 €	-91.4%	10 k €	+111%	4,7 k €
Debts	36,7 k €	-35.3%	56,8 k €	-51.5%	117 k €	-41.0%	198,5 k €	-25.9%	267,8 k €	-19.1%	331 k €	-17.3%	400 k €		–		–		1,1 M €	-8.3%	1,2 M €	-14.0%	1,4 M €	+174%	499,9 k €	+145%	204,1 k €	-5.5%	216 k €	+22.4%	176,4 k €	0.0%	176,4 k €	0.0%	176,4 k €	-4.4%	184,5 k €	-23.5%	241,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 15 ended

Active mandates

Erik Van der Veken

Director

Active

INTRACOS

Managing director · 0453.194.292

Represented by Bart Stokmans

Active

Martine Van Vlasselaer

Director

Active

Ended mandates

Ibe Van Geel

Managing director · since 05 janvier 2015

Ended

L.N.D. SERVICES

Director · since 05 janvier 2015 · until 21 juin 2021 · 0430.024.556

Represented by François Simonis

Ended

L.N.D. SERVICES

Director · since 05 janvier 2015 · 0430.024.556

Represented by François Simonis

Ended

L.N.D. SERVICES

Director · since 05 janvier 2015 · until 21 juin 2021 · 0430.024.556

Represented by François Simonis

Ended

At this address

Other companies at this address

Company	CBE no.
ABILITY DESIGN● Active	0451.412.561
BAFRA● Active	0437.599.761
CHRISTA● Active	0451.849.457
DE MAURETUS● Active	0552.675.613
INTRACOS● Active	0453.194.292
NICCA● Active	0475.895.361
PRE-PRINT● Active	0829.354.552
't KOOIKE● Active	0442.615.552

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	25/08/2026	29/08/2025	27/08/2024	26/07/2023	26/08/2022	30/06/2021
General meeting	23/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	22/06/2021
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
Micro model	31/12/2025	23/06/2026	25/08/2026	Dutch	PDF
Micro model	31/12/2024	17/06/2025	29/08/2025	Dutch	PDF
Micro model	31/12/2023	18/06/2024	27/08/2024	Dutch	PDF
Micro model	31/12/2022	20/06/2023	26/07/2023	Dutch	PDF
Micro model	31/12/2021	21/06/2022	26/08/2022	Dutch	PDF
Micro model	31/12/2020	22/06/2021	30/06/2021	Dutch	PDF
Micro model	31/12/2019	23/06/2020	01/07/2020	Dutch	PDF
Micro model	31/12/2018	18/06/2019	29/07/2019	Dutch	PDF
Micro model	31/12/2017	19/06/2018	27/08/2018	Dutch	PDF
Abridged model	31/12/2016	31/05/2017	21/06/2017	Dutch	PDF
Abridged model	31/12/2015	21/06/2016	14/07/2016	Dutch	PDF
Abridged model	31/12/2014	23/06/2015	13/08/2015	Dutch	PDF
Abridged model	31/12/2013	17/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	18/06/2013	05/08/2013	Dutch	PDF
Abridged model	31/12/2011	19/06/2012	30/07/2012	Dutch	PDF
Abridged model	31/12/2010	21/06/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	22/06/2010	29/07/2010	Dutch	PDF
Abridged model	31/12/2008	23/06/2009	24/08/2009	Dutch	PDF
Abridged model	31/12/2007	17/06/2008	11/07/2008	Dutch	PDF
Abridged model	31/12/2006	19/06/2007	23/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 3 active · 15 ended

Active mandates

Erik Van der Veken

Director

Active

INTRACOS

Managing director · 0453.194.292

Represented by Bart Stokmans

Active

Martine Van Vlasselaer

Director

Active

Ended mandates

Ibe Van Geel

Managing director · since 05 janvier 2015

Ended

L.N.D. SERVICES

Director · since 05 janvier 2015 · until 21 juin 2021 · 0430.024.556

Represented by François Simonis

Ended

L.N.D. SERVICES

Director · since 05 janvier 2015 · 0430.024.556

Represented by François Simonis

Ended

L.N.D. SERVICES

Director · since 05 janvier 2015 · until 21 juin 2021 · 0430.024.556

Represented by François Simonis

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/11/2017
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/09/2017
KAPITAAL - AANDELEN
PDF
Mandates04/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/01/2015
ONTSLAGEN - BENOEMINGEN
PDF
Registered office14/05/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates04/02/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/10/2013
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

2025
Annual accounts 202513 k €↓
2024
Annual accounts 202457,4 k €↓
2023
Annual accounts 202397 k €↑
2022
Annual accounts 202259,7 k €↑
2021
Annual accounts 202146,1 k €↓
2020
Annual accounts 202051,7 k €↑
2019
Annual accounts 201916,2 k €↓
2018
Annual accounts 201867,7 k €↓
2017
Annual accounts 2017192,6 k €↓
2016
Annual accounts 2016214,5 k €↑
2015
Annual accounts 2015-121,8 k €↓
2014
Annual accounts 201425,7 k €↑
2013
Annual accounts 201313,9 k €↑
2012
Annual accounts 2012-2,8 k €↑
2011
Annual accounts 2011-51,7 k €↓
2010
Annual accounts 2010-3,1 k €↓
2009
Annual accounts 2009-2,4 k €↑
2008
Annual accounts 2008-3 k €↓
2007
Annual accounts 200761,9 k €↓
2006
Annual accounts 200677,8 k €
23/09/1987
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

VS GROND

Overview

What does VS GROND do?

Trend over 20 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