ACTIVE

VM BUILDING SOLUTIONS

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Financial year 2025 · closed on 31/12/2025

Net result

19,2 M €

-9.5% YoY

Revenue

176,6 M €

-3.7% YoY

Equity

41,5 M €

+4.4% YoY

Workforce

73,6 ETP

-0.8% YoY

What does VM BUILDING SOLUTIONS do?

VM BUILDING SOLUTIONS is a Public limited company incorporated in 1988. Its registered office is in Deinze. It employs on average 73,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.559.604

Incorporation

15/06/1988

Legal form

Public limited company

Registered office

Europalaan 73
9800 Deinze · FlandreSee on map

Contributed capital

2 033 011,06 €

Latest accounts

31/12/2025

Average workforce

73,6 ETP

Joint committees (8)

105
116
124
12503
200
207
218
224

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2010		2008		2006
Income statement
Revenue	176,6 M €	-3.7%	183,4 M €	+8.3%	169,4 M €	-7.1%	182,4 M €	+4.1%	175,3 M €	+14.2%	153,5 M €	+102%	75,9 M €	-2.5%	77,8 M €	-2.8%	80,1 M €	-2.9%	82,5 M €	+3.1%	80 M €	+2.0%	78,4 M €	+7.4%	73 M €	+47.6%	49,4 M €	+61.1%	30,7 M €	+16.8%	26,3 M €	+60.3%	16,4 M €
EBITDA	19,9 M €	-17.9%	24,3 M €	+228%	7,4 M €	+669%	-1,3 M €	-113%	10 M €	-20.7%	12,7 M €	+253%	-8,3 M €	-172%	11,6 M €	+4.8%	11 M €	-29.4%	15,6 M €	+11.0%	14,1 M €	+14.8%	12,3 M €	+20.2%	10,2 M €	+148%	4,1 M €	+94.8%	2,1 M €	+61.0%	1,3 M €	+2.9%	1,3 M €
Operating result	19,7 M €	-4.1%	20,5 M €	+307%	5 M €	+359%	-1,9 M €	-122%	8,9 M €	-20.3%	11,2 M €	+229%	-8,7 M €	-179%	11 M €	+3.5%	10,7 M €	-26.2%	14,4 M €	+13.0%	12,8 M €	+17.3%	10,9 M €	+24.2%	8,8 M €	+166%	3,3 M €	+67.1%	2 M €	+62.9%	1,2 M €	+6.7%	1,1 M €
Net result	19,2 M €	-9.5%	21,3 M €	+328%	5 M €	+160%	1,9 M €	-79.3%	9,3 M €	-14.7%	10,9 M €	+271%	-6,4 M €	-192%	6,9 M €	+5.4%	6,6 M €	-29.7%	9,4 M €	+26.8%	7,4 M €	+0.6%	7,3 M €	+26.1%	5,8 M €	+53.7%	3,8 M €	+121%	1,7 M €	+83.4%	936,1 k €	+17.0%	799,9 k €
Balance sheet
Equity	41,5 M €	+4.4%	39,7 M €	+115%	18,5 M €	+36.9%	13,5 M €	+16.6%	11,6 M €	-70.0%	38,6 M €	+39.1%	27,8 M €	-18.6%	34,1 M €	+25.5%	27,2 M €	+31.9%	20,6 M €	+67.3%	12,3 M €	-50.6%	24,9 M €	+27.2%	19,6 M €	+120%	8,9 M €	+61.8%	5,5 M €	+158%	2,1 M €	+106%	1 M €
Total assets	137,4 M €	+5.7%	130 M €	+5.1%	123,6 M €	-16.9%	148,8 M €	+10.9%	134,2 M €	-3.5%	139 M €	+2.8%	135,2 M €	+14.6%	118,1 M €	-3.0%	121,7 M €	+164%	46,2 M €	+11.4%	41,4 M €	+6.8%	38,8 M €	+7.8%	36 M €	+72.5%	20,9 M €	+187%	7,3 M €	+9.4%	6,7 M €	+74.0%	3,8 M €
Cash	891,4 €	-50.0%	1,8 k €	-56.6%	4,1 k €	-98.1%	221,9 k €	-81.9%	1,2 M €	-19.5%	1,5 M €	+96.7%	775,1 k €	-45.7%	1,4 M €	-44.5%	2,6 M €	+63.0%	1,6 M €	-67.5%	4,9 M €	+733%	582,1 k €	+131%	251,5 k €	+1.7%	247,3 k €	+39.1%	177,7 k €	+27.0%	139,9 k €	+78.1%	78,5 k €
Debts	87,3 M €	-0.6%	87,8 M €	-15.6%	104 M €	-22.2%	133,6 M €	+14.0%	117,2 M €	+26.7%	92,5 M €	+2.1%	90,7 M €	+8.7%	83,4 M €	-11.2%	93,9 M €	+277%	24,9 M €	-7.7%	27 M €	+101%	13,4 M €	-14.8%	15,7 M €	+34.0%	11,7 M €	+620%	1,6 M €	-62.9%	4,4 M €	+57.5%	2,8 M €
Other
Workforce	73,6 ETP	-0.8%	74,2 ETP	-13.3%	85,6 ETP	-8.9%	94,0 ETP	-2.4%	96,3 ETP	-6.0%	102,5 ETP	+44.2%	71,1 ETP	-6.6%	76,1 ETP	-7.0%	81,8 ETP	+8.8%	75,2 ETP	-14.8%	88,3 ETP	-4.5%	92,5 ETP	-1.5%	93,9 ETP	+42.5%	65,9 ETP	+172%	24,2 ETP	-14.8%	28,4 ETP	+131%	12,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 47 ended

Active mandates

ACCOLADE

Director · since 22 mai 2024 · until 18 mai 2027 · 0430.012.183

Represented by Hendrik Deraedt

Active

Fedrus International

Managing director · since 22 mai 2024 · until 18 mai 2027 · 0630.779.617

Represented by Mark Vandecruys

Active

GUFOS

Director · since 22 mai 2024 · until 18 mai 2027 · 0826.764.553

Represented by Steven Geirnaert

Active

PYGMA

Director · since 22 mai 2024 · until 18 mai 2027 · 0679.782.928

Represented by Peter Vandendriessche

Active

Ended mandates

ACCOLADE

Director · since 01 décembre 2021 · until 21 mai 2024 · 0430.012.183

Represented by Hendrik Deraedt

Ended

ACCOLADE

Director · since 01 décembre 2021 · until 22 mai 2024 · 0430.012.183

Represented by Hendrik Deraedt

Ended

Fedrus International

Director · since 12 septembre 2018 · until 21 mai 2024 · 0630.779.617

Represented by Mark Vandecruys

Ended

Fedrus International

Director · since 12 septembre 2018 · until 03 juin 2024 · 0630.779.617

Represented by Mark Vandecruys

Ended

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	15/06/2026	18/06/2025	28/05/2024	13/06/2023	13/06/2022	31/05/2021
General meeting	19/05/2026	20/05/2025	22/05/2024	16/05/2023	17/05/2022	18/05/2021
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
Full model	31/12/2025	19/05/2026	15/06/2026	Dutch	PDF
Full model	31/12/2024	20/05/2025	18/06/2025	Dutch	PDF
Full model	31/12/2023	22/05/2024	28/05/2024	Dutch	PDF
Full model	31/12/2022	16/05/2023	13/06/2023	Dutch	PDF
Full model	31/12/2021	17/05/2022	13/06/2022	Dutch	PDF
Full model	31/12/2020	18/05/2021	31/05/2021	Dutch	PDF
Full model	31/12/2019	19/05/2020	02/06/2020	Dutch	PDF
Full model	31/12/2018	29/05/2019	11/06/2019	Dutch	PDF
Full model	31/12/2017	03/05/2018	29/05/2018	Dutch	PDF
Full model	31/12/2016	15/03/2017	13/04/2017	Dutch	PDF
Full model	31/12/2015	17/06/2016	11/07/2016	Dutch	PDF
Full model	31/12/2014	24/04/2015	13/05/2015	Dutch	PDF
Full model	31/12/2013	02/06/2014	09/07/2014	Dutch	PDF
Full model	31/12/2012	25/06/2013	11/07/2013	Dutch	PDF
Full model	31/12/2011	05/06/2012	02/07/2012	Dutch	PDF
Full model	31/12/2010	20/06/2011	11/07/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	14/07/2010	Dutch	PDF
Full model	31/12/2008	02/06/2009	14/07/2009	Dutch	PDF
Full model	31/12/2007	02/06/2008	02/07/2008	Dutch	PDF
Full model	31/12/2006	27/04/2007	25/05/2007	Dutch	PDF
Full modelCorrection	30/09/2005	25/03/2006	21/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 47 ended

Active mandates

ACCOLADE

Director · since 22 mai 2024 · until 18 mai 2027 · 0430.012.183

Represented by Hendrik Deraedt

Active

Fedrus International

Managing director · since 22 mai 2024 · until 18 mai 2027 · 0630.779.617

Represented by Mark Vandecruys

Active

GUFOS

Director · since 22 mai 2024 · until 18 mai 2027 · 0826.764.553

Represented by Steven Geirnaert

Active

PYGMA

Director · since 22 mai 2024 · until 18 mai 2027 · 0679.782.928

Represented by Peter Vandendriessche

Active

Ended mandates

ACCOLADE

Director · since 01 décembre 2021 · until 21 mai 2024 · 0430.012.183

Represented by Hendrik Deraedt

Ended

ACCOLADE

Director · since 01 décembre 2021 · until 22 mai 2024 · 0430.012.183

Represented by Hendrik Deraedt

Ended

Fedrus International

Director · since 12 septembre 2018 · until 21 mai 2024 · 0630.779.617

Represented by Mark Vandecruys

Ended

Fedrus International

Director · since 12 septembre 2018 · until 03 juin 2024 · 0630.779.617

Represented by Mark Vandecruys

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/09/2026
Ontslag en benoeming van bestuurders
PDF
Registered office12/01/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates07/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/03/2022
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 202519,2 M €↓
2024
Annual accounts 202421,3 M €↑
03/10/2024
nominationSanne Vandebroek — vaste vertegenwoordiger van de commissaris
17/09/2024
reconductionKPMG Bedrijfsrevisoren BV — commissaris
17/09/2024
nominationMaarten POEL — vaste vertegenwoordiger
22/05/2024
reconductionMark VANDECRUYS — vaste vertegenwoordiger (bestuurder)
22/05/2024
reconductionSteven GEÏRNAERT — vaste vertegenwoordiger (bestuurder)
22/05/2024
reconductionPeter VANDENDRIESSCHE — vaste vertegenwoordiger (bestuurder)
22/05/2024
reconductionHendrik DERAEDT — vaste vertegenwoordiger (bestuurder)
2023
Annual accounts 20235 M €↑
07/11/2023
nominationSanne Vandebroek — vaste vertegenwoordiger van de commissaris
2022
Annual accounts 20221,9 M €↓
2021
Annual accounts 20219,3 M €↓
2020
Annual accounts 202010,9 M €↑
2019
Annual accounts 2019-6,4 M €↓
2019
Name changeVM BUILDING SOLUTIONS
2018
Annual accounts 20186,9 M €↑
2017
Annual accounts 20176,6 M €↓
2016
Annual accounts 20169,4 M €↑
2015
Annual accounts 20157,4 M €↑
2014
Annual accounts 20147,3 M €↑
2013
Annual accounts 20135,8 M €↑
2013
Name changeI.R.S.-Btech
2012
Annual accounts 20123,8 M €↑
2010
Annual accounts 20101,7 M €↑
2008
Annual accounts 2008936,1 k €↑
2008
Name changeBtech
2006
Annual accounts 2006799,9 k €
2006
Name changeAll Trading Service
15/06/1988
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

VM BUILDING SOLUTIONS

Overview

What does VM BUILDING SOLUTIONS do?

Trend over 17 financial years

Indicative valuation

Board of directors

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