ACTIVE

VEFIBEL

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Financial year 2025 · closed on 31/12/2025

Net result

406,5 k €

+8.0% YoY

Revenue

215,4 k €

+27.1% YoY

Equity

5,4 M €

+8.2% YoY

What does VEFIBEL do?

VEFIBEL is a Public limited company incorporated in 1988. Its registered office is in Comines-Warneton.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0433.852.492

Incorporation

28/03/1988

Legal form

Public limited company

Registered office

Rue du Touquet(Biz) 228
7783 Comines-Warneton · WallonieSee on map

Contributed capital

958 000,00 €

Latest accounts

31/12/2025

Joint committees (3)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	215,4 k €	+27.1%	169,5 k €	-41.7%	290,6 k €	-10.9%	326,2 k €	-14.8%	382,8 k €	+23.0%	311,3 k €	-5.8%	330,6 k €	-59.9%	824,9 k €	-39.3%	1,4 M €	+17.2%	1,2 M €	+4.4%	1,1 M €	-3.1%	1,1 M €	+1.1%	1,1 M €	-0.9%	1,1 M €	-6.7%	1,2 M €	+4.8%	1,2 M €	+13.0%	1 M €	+6.5%	970,5 k €	+11.2%	872,5 k €
EBITDA	720,8 k €	+1.0%	713,8 k €	+6.3%	671,5 k €	+5.9%	633,8 k €	-12.9%	727,4 k €	+0.1%	726,6 k €	+7.7%	674,8 k €	+32.7%	508,4 k €	-56.9%	1,2 M €	+0.3%	1,2 M €	+1.6%	1,2 M €	+4.5%	1,1 M €	-5.2%	1,2 M €	-9.7%	1,3 M €	+15.5%	1,1 M €	-1.4%	1,1 M €	-0.2%	1,1 M €	-4.7%	1,2 M €	+38.7%	861,7 k €
Operating result	526,8 k €	+4.7%	503,3 k €	-11.5%	568,4 k €	+1.2%	561,4 k €	-13.3%	647,4 k €	+72.5%	375,3 k €	-22.3%	483 k €	+10.8%	436 k €	-40.0%	726,9 k €	-17.6%	882,1 k €	+0.3%	879,1 k €	+22.4%	718,2 k €	-7.5%	776,2 k €	-4.3%	810,8 k €	+18.9%	682,1 k €	-0.8%	687,4 k €	+4.7%	656,6 k €	-9.4%	724,6 k €	+84.4%	393 k €
Net result	406,5 k €	+8.0%	376,5 k €	-21.9%	482,2 k €	+17.4%	410,7 k €	-10.5%	458,7 k €	+89.9%	241,6 k €	-25.9%	325,8 k €	-99.3%	45,8 M €	+14030%	324,3 k €	-32.7%	481,5 k €	+83.6%	262,3 k €	+512%	42,8 k €	+107%	20,7 k €	-99.4%	3,6 M €	+1638%	208,7 k €	+768%	24 k €	-91.6%	285,4 k €	-7.2%	307,5 k €	+294%	78 k €
Balance sheet
Equity	5,4 M €	+8.2%	4,9 M €	+8.2%	4,6 M €	+11.8%	4,1 M €	+11.2%	3,7 M €	+14.3%	3,2 M €	+8.1%	3 M €	+12.3%	2,7 M €	-92.7%	36,5 M €	+0.9%	36,2 M €	+1.3%	35,7 M €	+0.7%	35,5 M €	+0.1%	35,4 M €	+0.1%	35,4 M €	+11.4%	31,8 M €	+0.7%	31,6 M €	+0.1%	31,5 M €	+0.9%	31,3 M €	+1.0%	31 M €
Total assets	8,2 M €	-8.9%	9,1 M €	+35.5%	6,7 M €	+30.8%	5,1 M €	-6.7%	5,5 M €	-29.6%	7,8 M €	+14.7%	6,8 M €	+69.1%	4 M €	-92.3%	52,1 M €	+0.5%	51,8 M €	+1.7%	50,9 M €	-1.2%	51,5 M €	-2.6%	52,9 M €	-1.4%	53,7 M €	+21.5%	44,2 M €	-1.2%	44,7 M €	+0.8%	44,4 M €	-1.3%	44,9 M €	+0.7%	44,6 M €
Cash	95,6 k €	-86.4%	702,9 k €	+951%	66,9 k €	-90.6%	713,2 k €	+27.3%	560,4 k €	+30.7%	428,8 k €	+281%	112,7 k €	-66.1%	332,2 k €	+684%	42,4 k €	-21.4%	53,9 k €	+636%	7,3 k €	-9.1%	8,1 k €	-77.5%	35,7 k €	-38.2%	57,8 k €	+564%	8,7 k €	+765%	1 k €	-86.8%	7,6 k €	-12.1%	8,6 k €	-28.4%	12,1 k €
Debts	2,9 M €	-29.4%	4,1 M €	+94.8%	2,1 M €	+107%	1 M €	-43.2%	1,8 M €	-60.6%	4,6 M €	+19.8%	3,8 M €	+180%	1,4 M €	-91.3%	15,5 M €	-0.5%	15,6 M €	+2.6%	15,2 M €	-5.4%	16,1 M €	-8.2%	17,5 M €	-4.2%	18,3 M €	+47.2%	12,4 M €	-5.7%	13,2 M €	+2.7%	12,8 M €	-6.2%	13,7 M €	+0.1%	13,7 M €
Other
Workforce	–		–		0,4 ETP	-60.0%	1,0 ETP	+11.1%	0,9 ETP	-10.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+900%	0,1 ETP		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 29 ended

Active mandates

Debruco

Managing director · since 01 avril 2020 · until 24 avril 2029 · 0740.741.290

Represented by LOUIS DE BRUYN

Active

OPUS +

Managing director · since 26 mars 2019 · until 24 avril 2029 · 0436.262.745

Represented by Philip DE BRUYN

Active

PHILIP DE BRUYN

Chairman of the board of directors · since 28 mars 2017 · until 24 avril 2029

Active

STERNIDAE

Managing director · since 28 mars 2017 · until 24 avril 2029 · 0639.936.120

Represented by Maxime Busschaert

Active

Ended mandates

Debruco

Managing director · since 01 avril 2020 · until 25 avril 2023 · 0740.741.290

Represented by LOUIS DE BRUYN

Ended

LOUIS DE BRUYN

Managing director · since 26 mars 2019 · until 01 avril 2020

Ended

LOUIS DE BRUYN

Managing director · since 26 mars 2019 · until 28 mars 2023

Ended

OPUS +

Managing director · since 26 mars 2019 · until 28 mars 2023 · 0436.262.745

Represented by Philip DE BRUYN

Ended

At this address

Other companies at this address

Company	CBE no.
BRIQUETERIES DE PLOEGSTEERT● Active	0401.273.162
CERATEC● Active	0428.822.152
Ploegsteert UTVA● Active	0889.877.307
PREFAXIS● Active	0837.558.277
Réserve naturelle et ornithologique de Ploegsteert● Active	0474.315.944

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	04/05/2026	16/05/2025	12/06/2024	04/05/2023	23/05/2022	27/04/2021
General meeting	28/04/2026	22/04/2025	23/04/2024	25/04/2023	26/04/2022	27/04/2021
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
Full model	31/12/2025	28/04/2026	04/05/2026	French	PDF
Full model	31/12/2024	22/04/2025	16/05/2025	French	PDF
Full model	31/12/2023	23/04/2024	12/06/2024	French	PDF
Full model	31/12/2022	25/04/2023	04/05/2023	French	PDF
Full model	31/12/2021	26/04/2022	23/05/2022	French	PDF
Full model	31/12/2020	27/04/2021	27/04/2021	French	PDF
Full model	31/12/2019	01/04/2020	20/04/2020	French	PDF
Full model	31/12/2018	26/03/2019	29/04/2019	French	PDF
Full model	31/12/2017	27/03/2018	03/04/2018	French	PDF
Full model	31/12/2016	28/03/2017	29/03/2017	French	PDF
Full model	31/12/2015	22/03/2016	05/04/2016	French	PDF
Full model	31/12/2014	24/03/2015	02/04/2015	French	PDF
Full model	31/12/2013	25/03/2014	25/04/2014	French	PDF
Full model	31/12/2012	26/03/2013	30/04/2013	French	PDF
Full model	31/12/2011	27/03/2012	13/04/2012	French	PDF
Full model	31/12/2010	22/03/2011	30/03/2011	French	PDF
Full model	31/12/2009	23/03/2010	26/03/2010	French	PDF
Full model	31/12/2008	24/03/2009	25/03/2009	French	PDF
Full model	31/12/2007	25/03/2008	04/04/2008	French	PDF
Full model	31/12/2006	27/03/2007	28/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 29 ended

Active mandates

Debruco

Managing director · since 01 avril 2020 · until 24 avril 2029 · 0740.741.290

Represented by LOUIS DE BRUYN

Active

OPUS +

Managing director · since 26 mars 2019 · until 24 avril 2029 · 0436.262.745

Represented by Philip DE BRUYN

Active

PHILIP DE BRUYN

Chairman of the board of directors · since 28 mars 2017 · until 24 avril 2029

Active

STERNIDAE

Managing director · since 28 mars 2017 · until 24 avril 2029 · 0639.936.120

Represented by Maxime Busschaert

Active

Ended mandates

Debruco

Managing director · since 01 avril 2020 · until 25 avril 2023 · 0740.741.290

Represented by LOUIS DE BRUYN

Ended

LOUIS DE BRUYN

Managing director · since 26 mars 2019 · until 01 avril 2020

Ended

LOUIS DE BRUYN

Managing director · since 26 mars 2019 · until 28 mars 2023

Ended

OPUS +

Managing director · since 26 mars 2019 · until 28 mars 2023 · 0436.262.745

Represented by Philip DE BRUYN

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/05/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates08/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates23/06/2021
DEMISSIONS, NOMINATIONS
PDF
Other03/07/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - ASSEMBLEE GENERALE
PDF
Mandates03/06/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates01/07/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates28/05/2018
DEMISSIONS, NOMINATIONS
PDF
Capital / shares25/05/2018
CAPITAL, ACTIONS
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 2025406,5 k €↑
2024
Annual accounts 2024376,5 k €↓
23/04/2024
reconductionCallens Vandelanotte — Commissaire-Reviseur
2023
Annual accounts 2023482,2 k €↑
25/04/2023
reconductionPhilip De Bruyn — administrateur
25/04/2023
reconductionMaxime Busschaert — administrateur
25/04/2023
reconductionLouis De Bruyn — administrateur
25/04/2023
nominationPhilip De Bruyn — Administrateur-Délégué
25/04/2023
nominationMaxime Busschaert — Administrateur-Délégué
25/04/2023
nominationLouis De Bruyn — Administrateur-Délégué
2022
Annual accounts 2022410,7 k €↓
2021
Annual accounts 2021458,7 k €↑
2020
Annual accounts 2020241,6 k €↓
2019
Annual accounts 2019325,8 k €↓
2018
Annual accounts 201845,8 M €↑
2017
Annual accounts 2017324,3 k €↓
2016
Annual accounts 2016481,5 k €↑
2015
Annual accounts 2015262,3 k €↑
2014
Annual accounts 201442,8 k €↑
2013
Annual accounts 201320,7 k €↓
2012
Annual accounts 20123,6 M €↑
2011
Annual accounts 2011208,7 k €↑
2010
Annual accounts 201024 k €↓
2009
Annual accounts 2009285,4 k €↓
2008
Annual accounts 2008307,5 k €↑
2007
Annual accounts 200778 k €
28/03/1988
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

VEFIBEL

Overview

What does VEFIBEL do?

Trend over 19 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