ACTIVE

VLADO

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Financial year 2025 · closed on 30/11/2025

Net result

337,5 k €

-61.4% YoY

Gross margin

1,6 M €

-29.6% YoY

Equity

5 M €

+0.8% YoY

Workforce

14,3 ETP

+5.9% YoY

What does VLADO do?

VLADO is a Public limited company incorporated in 1988. Its registered office is in Aalter. It employs on average 14,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.546.934

Incorporation

09/06/1988

Legal form

Public limited company

Registered office

Oostmolen-Zuid 4
9880 Aalter · FlandreSee on map

Contributed capital

125 000,00 €

Latest accounts

30/11/2025

Average workforce

14,3 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,6 M €	-29.6%	2,2 M €	+52.8%	1,4 M €	-14.1%	1,7 M €	-34.6%	2,6 M €	+261%	714,1 k €		–		–		–		–		–		–		1,4 M €	+15.8%	1,2 M €	+13.1%	1,1 M €	-15.9%	1,3 M €	+70.5%	760,3 k €
EBITDA	639,2 k €	-50.2%	1,3 M €	+166%	481,8 k €	-40.8%	813,4 k €	-50.8%	1,7 M €	+645%	222 k €	-20.6%	279,8 k €	+121%	126,4 k €	+115%	-865,1 k €	-275%	495,8 k €	+0.2%	494,7 k €	-6.2%	527,6 k €	-1.0%	532,7 k €	+5.4%	505,2 k €	+107%	243,6 k €	-48.9%	476,5 k €	+48.2%	321,6 k €
Operating result	487,3 k €	-59.5%	1,2 M €	+202%	398,6 k €	-42.0%	687,1 k €	-52.7%	1,5 M €	+3076%	45,8 k €	-40.9%	77,5 k €	+167%	-115,6 k €	+92.4%	-1,5 M €	-1566%	104,2 k €	-31.3%	151,6 k €	-32.2%	223,7 k €	+16.7%	191,6 k €	+16.0%	165,2 k €	+442%	-48,3 k €	-123%	206 k €	+51.2%	136,2 k €
Net result	337,5 k €	-61.4%	873,4 k €	+187%	303,8 k €	-35.5%	470,7 k €	-61.6%	1,2 M €	+4790%	25,1 k €	-17.7%	30,5 k €	+117%	-177,5 k €	-127%	656,1 k €	+16181%	4 k €	-81.3%	21,6 k €	-73.8%	82,4 k €	+112%	38,9 k €	+37.6%	28,3 k €	+4672%	592,1 €	-99.3%	90,6 k €	+95.2%	46,4 k €
Balance sheet
Equity	5 M €	+0.8%	5 M €	+21.4%	4,1 M €	+8.0%	3,8 M €	+14.2%	3,3 M €	+106%	1,6 M €	+1.6%	1,6 M €	+2.0%	1,5 M €	-10.3%	1,7 M €	+61.3%	1,1 M €	+0.4%	1,1 M €	+2.1%	1 M €	+8.6%	962,6 k €	+4.2%	923,8 k €	+3.2%	895,5 k €	+0.1%	894,9 k €	+11.3%	804,3 k €
Total assets	5,8 M €	+1.1%	5,8 M €	+6.1%	5,4 M €	+16.9%	4,7 M €	+12.9%	4,1 M €	+33.3%	3,1 M €	-1.4%	3,1 M €	-18.9%	3,9 M €	-23.5%	5,1 M €	-17.4%	6,1 M €	+2.4%	6 M €	+5.0%	5,7 M €	+57.5%	3,6 M €	+1.8%	3,6 M €	+3.6%	3,4 M €	-4.3%	3,6 M €	+20.2%	3 M €
Cash	1,1 M €	-35.0%	1,7 M €	+67.4%	998 k €	-18.1%	1,2 M €	-29.8%	1,7 M €	+250%	496,2 k €	+10.0%	451 k €	-38.2%	729,7 k €	+43.8%	507,6 k €	+61.7%	314 k €	+114%	146,7 k €	-55.6%	330,8 k €	+208%	107,5 k €	-72.9%	396,7 k €	+185%	139,1 k €	-64.3%	389,7 k €	+3.2%	377,6 k €
Debts	782 k €	-2.2%	799,5 k €	-40.5%	1,3 M €	+56.6%	857,3 k €	+7.7%	796,2 k €	-46.7%	1,5 M €	-4.0%	1,6 M €	-33.0%	2,3 M €	-29.4%	3,3 M €	-35.0%	5,1 M €	+2.7%	4,9 M €	+5.7%	4,7 M €	+75.3%	2,7 M €	+2.7%	2,6 M €	+2.0%	2,5 M €	-5.8%	2,7 M €	+25.4%	2,1 M €
Other
Workforce	14,3 ETP	+5.9%	13,5 ETP	-11.2%	15,2 ETP	0.0%	15,2 ETP	-5.6%	16,1 ETP	+66.0%	9,7 ETP	-32.2%	14,3 ETP	-13.3%	16,5 ETP	-32.9%	24,6 ETP	-10.9%	27,6 ETP	-11.0%	31,0 ETP	-6.9%	33,3 ETP	+23.3%	27,0 ETP	+5.5%	25,6 ETP	-9.2%	28,2 ETP	+30.0%	21,7 ETP	+115%	10,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 1 active · 11 ended

Active mandates

Gerrit Van Den Berghe

Director

Active

Ended mandates

Gerrit Van Den Berghe

Director · since 30 juin 2020 · until 30 juin 2026

Ended

Construct Vlado Construct

Director · since 28 mai 2016 · until 30 juin 2020

Ended

GERRIT VAN DEN BERGHE

Managing director · since 28 mai 2016 · until 27 mai 2022

Ended

VLADO CONSTRUCT

Director · since 28 mai 2016 · until 27 mai 2022 · 0456.966.406

Represented by GERRIT VAN DEN BERGHE

Ended

At this address

Other companies at this address

Company	CBE no.
Vlado2B● Active	0823.859.305
VLADO BASE● Active	1039.729.241
VLADO GROUP BTW-EENHEID● Active	0737.917.602
VLADO IMMO● Active	0466.233.369

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	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2026	30/06/2025	26/06/2024	07/07/2025	30/06/2022	10/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	11/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/11/2025	29/05/2026	30/06/2026	Dutch	PDF
Abridged model	30/11/2024	30/05/2025	30/06/2025	Dutch	PDF
Abridged model	30/11/2023	31/05/2024	26/06/2024	Dutch	PDF
Abridged modelCorrection	30/11/2022	26/05/2023	07/07/2025	Dutch	PDF
Abridged model	30/11/2022	26/05/2023	30/06/2023	Dutch	PDF
Abridged model	30/11/2021	27/05/2022	30/06/2022	Dutch	PDF
Abridged model	30/11/2020	11/05/2021	10/06/2021	Dutch	PDF
Abridged model	30/11/2019	29/05/2020	23/07/2020	Dutch	PDF
Abridged model	30/11/2018	31/05/2019	12/07/2019	Dutch	PDF
Full model	30/11/2017	25/05/2018	26/07/2018	Dutch	PDF
Full model	30/11/2016	26/05/2017	31/07/2017	Dutch	PDF
Full model	30/11/2015	27/05/2016	30/06/2016	Dutch	PDF
Full model	31/12/2013	30/05/2014	29/08/2014	Dutch	PDF
Full model	31/12/2012	31/05/2013	23/08/2013	Dutch	PDF
Full model	31/12/2011	25/05/2012	27/09/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	21/05/2010	17/08/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	14/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	04/07/2008	Dutch	PDF
Abridged modelCorrection	31/12/2006	25/05/2007	21/09/2007	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	12/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 30/11/2025 · 1 active · 11 ended

Active mandates

Gerrit Van Den Berghe

Director

Active

Ended mandates

Gerrit Van Den Berghe

Director · since 30 juin 2020 · until 30 juin 2026

Ended

Construct Vlado Construct

Director · since 28 mai 2016 · until 30 juin 2020

Ended

GERRIT VAN DEN BERGHE

Managing director · since 28 mai 2016 · until 27 mai 2022

Ended

VLADO CONSTRUCT

Director · since 28 mai 2016 · until 27 mai 2022 · 0456.966.406

Represented by GERRIT VAN DEN BERGHE

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring13/07/2026
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring22/05/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates16/07/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Other19/01/2015
BOEKJAAR
PDF
Other29/10/2013
DOEL
PDF
Mandates08/09/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2010
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 2025337,5 k €↓
2024
Annual accounts 2024873,4 k €↑
2023
Annual accounts 2023303,8 k €↓
2022
Annual accounts 2022470,7 k €↓
2021
Annual accounts 20211,2 M €↑
2018
Annual accounts 201825,1 k €↓
2017
Annual accounts 201730,5 k €↑
2016
Annual accounts 2016-177,5 k €↓
2015
Annual accounts 2015656,1 k €↑
2013
Annual accounts 20134 k €↓
2012
Annual accounts 201221,6 k €↓
2011
Annual accounts 201182,4 k €↑
2010
Annual accounts 201038,9 k €↑
2009
Annual accounts 200928,3 k €↑
2008
Annual accounts 2008592,1 €↓
2007
Annual accounts 200790,6 k €↑
2006
Annual accounts 200646,4 k €
09/06/1988
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

VLADO

Overview

What does VLADO 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