ACTIVE

V.A.C. MACHINES

Financial year 2025 · Closed on 30/09/2025

Net result3,5 M €-22,8 %over 1 year
Revenue42,6 M €-10,8 %over 1 year
Equity6,6 M €+21,8 %over 1 year
Workforce32,5 ETP+3,8 %over 1 year

Identity

Source · BCE/KBO

V.A.C. MACHINES is a Public limited company incorporated in 1988. Its registered office is in Brugge. It employs on average 32,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0433.131.724
Incorporation
18/01/1988
Legal form
Public limited company
Registered office
Kleine Pathoekeweg 13-15
8000 Brugge · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
30/09/2025
Average workforce
32,5 ETP
Joint committees (4)
  • 149
  • 14904
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 14 financial years

20252024202320222021
Income statement
Revenue42,6 M €47,8 M €48,2 M €29,9 M €30,2 M €
EBITDA5 M €5,5 M €5,7 M €3,6 M €2,8 M €
Operating result4,3 M €5,5 M €5,1 M €3,6 M €2,9 M €
Net result3,5 M €4,5 M €4 M €2,6 M €2,3 M €
Balance sheet
Equity6,6 M €5,4 M €4,8 M €4,2 M €3,9 M €
Total assets20,7 M €31,5 M €32,7 M €30,2 M €19,8 M €
Cash8,2 M €6,8 M €15,2 M €16,3 M €9,1 M €
Debts12,3 M €24,8 M €26,3 M €24,7 M €14,2 M €
Other
Workforce32,5 ETP31,3 ETP29,9 ETP29,8 ETP30,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 23 ended

Active mandates

PARTICLE

Director · since 06 mars 2024 · until 05 mars 2030 · 0700.285.956

Represented by Karel Vincke

Active

Ended mandates

PARTICLE

Director · since 06 mars 2024 · until 05 mars 2030 · 0700.285.956

Represented by Karel VINCKE

Ended
PARTICLE

Director · since 20 juillet 2018 · until 22 mars 2024 · 0700.285.956

Represented by Karel VINCKE

Ended
PARTICLE

Managing director · since 20 juillet 2018 · until 05 mars 2024 · 0700.285.956

Represented by Vincke KAREL

Ended
PARTICLE

Managing director · since 20 juillet 2018 · until 05 mars 2024 · 0700.285.956

Represented by Karel Vincke

Ended

Other companies at this address

Kleine Pathoekeweg 13-15 8000 Brugge
CompanyCBE no.
0478.487.835
0768.573.461
PARTICLE● Active
0700.285.956

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date16/04/202615/04/202504/04/202415/03/202320/04/202221/04/2021
General meeting20/03/202611/04/202522/03/202407/03/202321/03/202223/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model30/09/202520/03/202616/04/2026DutchPDF
Full model30/09/202411/04/202515/04/2025DutchPDF
Full model30/09/202322/03/202404/04/2024DutchPDF
Full model30/09/202207/03/202315/03/2023DutchPDF
Full model30/09/202121/03/202220/04/2022DutchPDF
Full model30/09/202023/03/202121/04/2021DutchPDF
Full model30/09/201914/04/202029/04/2020DutchPDF
Full model30/09/201823/04/201930/04/2019DutchPDF
Full model30/09/201727/04/201815/05/2018DutchPDF
Full model30/09/201607/03/201729/03/2017DutchPDF
Full model30/09/201501/03/201601/04/2016DutchPDF
Full model30/09/201403/03/201514/04/2015DutchPDF
Full model30/09/201304/03/201411/04/2014DutchPDF
Full model30/09/201205/03/201324/05/2013DutchPDF
Full model30/09/201106/03/201225/04/2012DutchPDF
Full model30/09/201001/03/201128/04/2011DutchPDF
Full model30/09/200902/03/201012/05/2010DutchPDF
Full model30/09/200803/03/200930/03/2009DutchPDF
Full model30/09/200704/03/200828/04/2008DutchPDF
Full model30/09/200606/03/200724/04/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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

1 active · 23 ended

Active mandates

PARTICLE

Director · since 06 mars 2024 · until 05 mars 2030 · 0700.285.956

Represented by Karel Vincke

Active

Ended mandates

PARTICLE

Director · since 06 mars 2024 · until 05 mars 2030 · 0700.285.956

Represented by Karel VINCKE

Ended
PARTICLE

Director · since 20 juillet 2018 · until 22 mars 2024 · 0700.285.956

Represented by Karel VINCKE

Ended
PARTICLE

Managing director · since 20 juillet 2018 · until 05 mars 2024 · 0700.285.956

Represented by Vincke KAREL

Ended
PARTICLE

Managing director · since 20 juillet 2018 · until 05 mars 2024 · 0700.285.956

Represented by Karel Vincke

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates17/09/2026
    ONTSLAGEN, BENOEMINGEN
    PDF
  • Mandates21/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/04/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring31/05/2021
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring26/03/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
    PDF
  • Mandates28/09/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/10/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/12/2018
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20253,5 M €↓
  2. 2024
    Annual accounts 20244,5 M €↑
  3. 2023
    Annual accounts 20234 M €↑
  4. 2022
    Annual accounts 20222,6 M €↑
  5. 2021
    Annual accounts 20212,3 M €↑
  6. 2014
    Annual accounts 20141,2 M €↓
  7. 2013
    Annual accounts 20131,7 M €↓
  8. 2012
    Annual accounts 20122,1 M €↑
  9. 2011
    Annual accounts 2011440,6 k €↑
  10. 2010
    Annual accounts 2010360,1 k €↓
  11. 2009
    Annual accounts 2009572,8 k €↓
  12. 2008
    Annual accounts 20081,1 M €↓
  13. 2007
    Annual accounts 20071,2 M €↑
  14. 2006
    Annual accounts 20061,1 M €
  15. 18/01/1988
    IncorporationPublic limited company