ACTIVE

DR. IR. U. VANDEURZEN MANAGEMENT FIRM

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Financial year 2025 · closed on 31/12/2025

Net result

4,0 M €

-17.3% YoY

Revenue

359,9 k €

+30.6% YoY

Equity

64,3 M €

+3.8% YoY

Workforce

2,1 ETP

-47.5% YoY

What does DR. IR. U. VANDEURZEN MANAGEMENT FIRM do?

DR. IR. U. VANDEURZEN MANAGEMENT FIRM is a Public limited company incorporated in 1988. Its main activity is: Activities of holding companies. Its registered office is in Lubbeek. It employs on average 2,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0435.484.270

Incorporation

28/09/1988

Legal form

Public limited company

Registered office

Diestsesteenweg(LIN) 31
3210 Lubbeek · FlandreSee on map

Contributed capital

1 662 639,45 €

Latest accounts

31/12/2025

Average workforce

2,1 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.77350Rental and leasing of air transport equipment 77350Rental and leasing of air transport equipment

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	359,9 k €	+30.6%	275,7 k €	+29.8%	212,4 k €	+10.9%	191,6 k €		–		126,1 k €	+36.9%	92,1 k €	-80.8%	480,3 k €		–		–		1,3 M €		–		893,2 k €		–		813,9 k €		–		–
EBITDA	-1,5 M €	-42.4%	-1,0 M €	-439%	306,5 k €	+151%	-597,9 k €	+63.5%	-1,6 M €	+5.0%	-1,7 M €	+3.9%	-1,8 M €	-50.0%	-1,2 M €	-43.2%	-834,1 k €	-19.1%	-700,3 k €	-258%	442,9 k €	-3.3%	458,1 k €	-7.9%	497,5 k €	+13.4%	438,8 k €	-3.2%	453,3 k €	+14.2%	397,1 k €	+10.6%	358,9 k €
Operating result	-2,7 M €	-23.0%	-2,2 M €	-166%	-816,6 k €	+55.3%	-1,8 M €	+35.9%	-2,9 M €	-4.5%	-2,7 M €	-13.1%	-2,4 M €	-51.0%	-1,6 M €	-41.6%	-1,1 M €	-6.6%	-1,1 M €	-431%	319,4 k €	-7.7%	345,9 k €	+15.0%	300,8 k €	-13.3%	347,1 k €	-3.6%	360,1 k €	+40.1%	257,0 k €	-7.0%	276,4 k €
Net result	4,0 M €	-17.3%	4,8 M €	+219%	1,5 M €	-63.7%	4,2 M €	+249%	-2,8 M €	-90.8%	-1,5 M €	+72.4%	-5,3 M €	-440%	1,6 M €	+274%	418,1 k €	-99.5%	81,3 M €	+13887%	581,2 k €	+34.9%	431,0 k €	+44.0%	299,4 k €	+12.7%	265,7 k €	-0.9%	268,3 k €	+60.5%	167,1 k €	+4.7%	159,6 k €
Balance sheet
Equity	64,3 M €	+3.8%	61,9 M €	-28.3%	86,4 M €	+1.8%	84,9 M €	+6.2%	79,9 M €	-3.4%	82,7 M €	-1.7%	84,2 M €	-5.9%	89,5 M €	+1.8%	87,9 M €	+0.5%	87,5 M €	+1308%	6,2 M €	+10.3%	5,6 M €	+8.3%	5,2 M €	+6.1%	4,9 M €	+5.7%	4,6 M €	+6.1%	4,4 M €	+4.0%	4,2 M €
Total assets	66,3 M €	+3.7%	64,0 M €	-26.4%	86,9 M €	+1.8%	85,4 M €	+5.2%	81,1 M €	-2.9%	83,5 M €	-1.3%	84,6 M €	-7.0%	90,9 M €	+0.3%	90,7 M €	+0.3%	90,4 M €	+787%	10,2 M €	-3.7%	10,6 M €	+36.0%	7,8 M €	-1.0%	7,9 M €	+4.3%	7,5 M €	+3.6%	7,3 M €	+2.2%	7,1 M €
Cash	543,3 k €	+9.0%	498,5 k €	-86.0%	3,5 M €	-82.9%	20,7 M €	-24.0%	27,3 M €	-23.9%	35,8 M €	-8.6%	39,2 M €	-27.2%	53,8 M €	+4.3%	51,6 M €	+2.3%	50,4 M €	+21003%	239,0 k €	-45.6%	439,6 k €	+103%	216,7 k €	-72.9%	800,3 k €	+82.7%	438,0 k €	+2633%	16,0 k €	-93.4%	244,3 k €
Debts	1,9 M €	+1.2%	1,9 M €	+284%	483,0 k €	+10.5%	437,2 k €	-62.3%	1,2 M €	+46.6%	792,0 k €	+102%	393,0 k €	-72.1%	1,4 M €	-47.4%	2,7 M €	-5.1%	2,8 M €	-28.0%	3,9 M €	-19.9%	4,9 M €	+90.9%	2,6 M €	-13.0%	2,9 M €	+2.0%	2,9 M €	-0.3%	2,9 M €	-0.5%	2,9 M €
Other
Workforce	2,1 ETP	-47.5%	4,0 ETP	-21.6%	5,1 ETP	-36.3%	8,0 ETP	-44.8%	14,5 ETP	+169%	5,4 ETP	-8.5%	5,9 ETP	-35.9%	9,2 ETP	+12.2%	8,2 ETP	+30.2%	6,3 ETP	+5.0%	6,0 ETP	-3.2%	6,2 ETP	-1.6%	6,3 ETP	+16.7%	5,4 ETP	+8.0%	5,0 ETP	-19.4%	6,2 ETP	+6.9%	5,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 26 ended

Active mandates

B-Value Capital

Director · since 01 avril 2024 · until 28 avril 2028 · 1003.367.406

Represented by Bert VANDEURZEN

Active

KaVa Ventures

Director · since 22 avril 2022 · until 28 avril 2028 · 0836.518.003

Represented by Katrien VANDEURZEN

Active

Jacqueline Maes

Director · since 15 juin 2021 · until 30 avril 2027

Active

Urbanus Vandeurzen

Managing director · since 15 juin 2021 · until 30 avril 2027

Active

Ended mandates

B-expert Venture

Director · since 22 avril 2022 · until 28 avril 2028 · 0822.647.496

Represented by Bert VANDEURZEN

Ended

B-expert Venture

Director · since 01 juillet 2016 · until 26 avril 2019 · 0822.647.496

Represented by Bert Vandeurzen

Ended

B-expert Venture

Director · since 01 juillet 2016 · until 22 avril 2022 · 0822.647.496

Represented by Bert Vandeurzen

Ended

KaVa Ventures

Director · since 01 juillet 2016 · until 26 avril 2019 · 0836.518.003

Represented by Katrien Vandeurzen

Ended

At this address

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FM-A INVEST● Active	0460.902.725
miVXBuilding● Active	0773.913.411
VF Capital● Active	0542.579.495
VF Wineries● Active	0660.562.377
VMF Foundation● Active	1007.782.983
VMF Hold● Active	1007.783.280

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	12/06/2026	17/06/2025	26/07/2024	28/07/2023	31/08/2022	31/08/2021
General meeting	05/06/2026	16/05/2025	28/06/2024	30/06/2023	22/04/2022	15/06/2021
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
Full model	31/12/2025	05/06/2026	12/06/2026	Dutch	PDF
Full model	31/12/2024	16/05/2025	17/06/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	26/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	28/07/2023	Dutch	PDF
Full model	31/12/2021	22/04/2022	31/08/2022	Dutch	PDF
Full model	31/12/2020	15/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	13/10/2020	Dutch	PDF
Abridged model	31/12/2018	26/04/2019	30/08/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	31/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	31/07/2017	Dutch	PDF
Full model	31/12/2015	04/02/2016	11/02/2016	Dutch	PDF
Abridged model	31/12/2014	24/04/2015	25/05/2015	Dutch	PDF
Abridged model	31/12/2013	25/04/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	17/07/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/08/2012	17/09/2012	Dutch	PDF
Abridged model	31/12/2010	23/08/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	15/07/2010	22/07/2010	Dutch	PDF
Abridged model	31/12/2008	21/08/2009	27/08/2009	Dutch	PDF
Abridged model	31/12/2007	24/06/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	28/06/2007	24/07/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 26 ended

Active mandates

B-Value Capital

Director · since 01 avril 2024 · until 28 avril 2028 · 1003.367.406

Represented by Bert VANDEURZEN

Active

KaVa Ventures

Director · since 22 avril 2022 · until 28 avril 2028 · 0836.518.003

Represented by Katrien VANDEURZEN

Active

Jacqueline Maes

Director · since 15 juin 2021 · until 30 avril 2027

Active

Urbanus Vandeurzen

Managing director · since 15 juin 2021 · until 30 avril 2027

Active

Ended mandates

B-expert Venture

Director · since 22 avril 2022 · until 28 avril 2028 · 0822.647.496

Represented by Bert VANDEURZEN

Ended

B-expert Venture

Director · since 01 juillet 2016 · until 26 avril 2019 · 0822.647.496

Represented by Bert Vandeurzen

Ended

B-expert Venture

Director · since 01 juillet 2016 · until 22 avril 2022 · 0822.647.496

Represented by Bert Vandeurzen

Ended

KaVa Ventures

Director · since 01 juillet 2016 · until 26 avril 2019 · 0836.518.003

Represented by Katrien Vandeurzen

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring05/01/2024
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring15/05/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates07/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office16/02/2021
MAATSCHAPPELIJKE ZETEL
PDF
Restructuring23/06/2016
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates02/06/2016
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 20254,0 M €↓
2024
Annual accounts 20244,8 M €↑
01/04/2024
nominationB-Value Capital NV — bestuurder
2022
Annual accounts 20221,5 M €↓
22/04/2022
reconductionBV 'KaVa Ventures' — bestuurder
22/04/2022
reconductionBV 'B-expert Venture' — bestuurder
2021
Annual accounts 20214,2 M €↑
2018
Annual accounts 2018-2,8 M €↓
2017
Annual accounts 2017-1,5 M €↑
2016
Annual accounts 2016-5,3 M €↓
2015
Annual accounts 20151,6 M €↑
2014
Annual accounts 2014418,1 k €↓
2013
Annual accounts 201381,3 M €↑
2012
Annual accounts 2012581,2 k €↑
2011
Annual accounts 2011431,0 k €↑
2010
Annual accounts 2010299,4 k €↑
2009
Annual accounts 2009265,7 k €↓
2008
Annual accounts 2008268,3 k €↑
2007
Annual accounts 2007167,1 k €↑
2006
Annual accounts 2006159,6 k €
28/09/1988
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

DR. IR. U. VANDEURZEN MANAGEMENT FIRM

Overview

What does DR. IR. U. VANDEURZEN MANAGEMENT FIRM 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