ACTIVE

VAB

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Financial year 2025 · Closed on 31/12/2025

Net result6,5 M €+1 197,5 %over 1 year

Revenue237,2 M €-0,3 %over 1 year

Equity65,6 M €+10,8 %over 1 year

Workforce634,3 ETP-19,8 %over 1 year

Identity

Source · BCE/KBO

VAB is a Public limited company incorporated in 1988. Its main activity is: Maintenance and repair of motor vehicles. Its registered office is in Beveren-Kruibeke-Zwijndrecht. It employs on average 634,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0436.267.594
Incorporation: 20/12/1988
Legal form: Public limited company
Registered office: Pastoor Coplaan 100
2070 Beveren-Kruibeke-Zwijndrecht · FlandreSee on map
Contributed capital: 3 289 372,35 €
Latest accounts: 31/12/2025
Average workforce: 634,3 ETP

Activities (NACE)

45201Maintenance and repair of motor vehicles· main 50200Sea and coastal freight water transport 52210Service activities incidental to land transportation 52210Service activities incidental to land transportation 63210Information service activities 95311Repair of computers and personal and household goods+12

Joint committees (4)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	237,2 M €	-0.3%	237,8 M €	+4.2%	228,2 M €	+2.4%	222,7 M €	+22.8%	181,4 M €
EBITDA	26,4 M €	+53.0%	17,3 M €	+58.0%	10,9 M €	-34.9%	16,8 M €	-13.4%	19,4 M €
Operating result	9,4 M €	+504%	1,6 M €	+156%	-2,8 M €	-159%	4,7 M €	-37.6%	7,6 M €
Net result	6,5 M €	+1198%	500,9 k €	+120%	-2,5 M €	-172%	3,5 M €	-37.5%	5,6 M €
Balance sheet
Equity	65,6 M €	+10.8%	59,2 M €	+0.9%	58,7 M €	-4.1%	61,2 M €	+3.1%	59,4 M €
Total assets	137,2 M €	+5.2%	130,4 M €	-2.1%	133,3 M €	+2.3%	130,3 M €	+8.2%	120,4 M €
Cash	14,4 M €	+20.8%	11,9 M €	+16.2%	10,3 M €	-59.5%	25,4 M €	-24.0%	33,4 M €
Debts	39,1 M €	+2.5%	38,2 M €	-13.4%	44,1 M €	+35.5%	32,6 M €	+21.0%	26,9 M €
Other
Workforce	634,3 ETP	-19.8%	790,9 ETP	+5.4%	750,7 ETP	+6.2%	707,1 ETP	-1.0%	714,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 13 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MICHAEL GABRIËLS	Director01/09/2025 → 05/06/2026
GEERT MARKEY	Managing director07/06/2019 → 02/06/2028Director19/04/2016 → 2018 accountsended
JAN VAN HOVE	Director04/06/2021 → 01/09/2025
NELE VANDAELE	Chairman of the board of directors03/01/2020 → 02/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
HANS VERSTRAETE	Director03/06/2016 → 2021 accounts
PATRICK VANDOREN	Chairman of the board of directors07/06/2019 → 03/10/2019

Other companies at this address

Pastoor Coplaan 100 2070 Beveren-Kruibeke-Zwijndrecht

Company	CBE no.
24+● Active	0895.810.836
Groep VAB● Active	0456.920.676
VAB● Active	0736.755.382
VAB Automotive Solutions● Active	0866.583.053
VAB Training & Consult● Active	0435.357.180
VAB Wegenwacht● Active	0459.070.118

Full financial information

Source · NBB

	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	30/06/2026	24/06/2025	04/07/2024	02/01/2024	13/06/2022	07/06/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	05/06/2026	30/06/2026	Dutch	PDF
Full model	31/12/2024	06/06/2025	24/06/2025	Dutch	PDF
Full model	31/12/2023	07/06/2024	04/07/2024	Dutch	PDF
Full modelCorrection	31/12/2022	02/06/2023	02/01/2024	Dutch	PDF
Full model	31/12/2022	02/06/2023	21/07/2023	Dutch	PDF
Full model	31/12/2021	03/06/2022	13/06/2022	Dutch	PDF
Full model	31/12/2020	04/06/2021	07/06/2021	Dutch	PDF
Full model	31/12/2019	05/06/2020	09/06/2020	Dutch	PDF
Full model	31/12/2018	07/06/2019	19/06/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	11/06/2018	Dutch	PDF
Full model	31/12/2016	02/06/2017	06/06/2017	Dutch	PDF
Full model	31/12/2015	03/06/2016	09/06/2016	Dutch	PDF
Full model	31/12/2014	05/06/2015	30/06/2015	Dutch	PDF
Full model	31/12/2013	06/06/2014	18/06/2014	Dutch	PDF
Full model	31/12/2012	07/06/2013	10/06/2013	Dutch	PDF
Full model	31/12/2011	01/06/2012	04/06/2012	Dutch	PDF
Full model	31/12/2010	03/06/2011	07/06/2011	Dutch	PDF
Full model	31/12/2009	04/06/2010	09/06/2010	Dutch	PDF
Full model	31/12/2008	05/06/2009	24/06/2009	Dutch	PDF
Full model	31/12/2007	06/06/2008	25/06/2008	Dutch	PDF
Full model	31/12/2006	14/06/2007	27/06/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 13 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MICHAEL GABRIËLS	Director01/09/2025 → 05/06/2026
GEERT MARKEY	Managing director07/06/2019 → 02/06/2028Director19/04/2016 → 2018 accountsended
JAN VAN HOVE	Director04/06/2021 → 01/09/2025
NELE VANDAELE	Chairman of the board of directors03/01/2020 → 02/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
HANS VERSTRAETE	Director03/06/2016 → 2021 accounts
PATRICK VANDOREN	Chairman of the board of directors07/06/2019 → 03/10/2019

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates19/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other06/04/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates02/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/09/2022
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings16 filings

Mandates

MICHAEL GABRIËLS

JAN VAN HOVE

NELE VANDAELE

GEERT MARKEY

HANS VERSTRAETE

PATRICK VANDOREN

WIM VOS

KARL COLLAERTS

FRANS HEYVAERT

DANNY DE RAYMAEKER

GUIDO POFFE

Cultuursmakers

Show the 5 other mandates

19881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

VAB

Pastoor Coplaan 100, 2070 Zwijndrecht

Director

Chairman of the board of directors

Managing directorDirector

Director

Chairman of the board of directorsDirector

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Pastoor Coplaan 100, 2070 ZwijndrechtCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00222010

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
VABCurrent	accounts 2008 → 2025	Accounts 2025 · 2026-00222010

Events

01/07/2026
nominationWerner Eetezonne · bestuurder en gedelegeerd bestuurder
2025
Annual accounts 20256,5 M €↑
01/09/2025
nominationMichaël Gabriëls · bestuurder
23/06/2025
nominationNele Vandaele · voorzitter van de Raad van Bestuur
23/06/2025
nominationGeert Markey · gedelegeerd bestuurder
06/06/2025
reconductionJan Van Hove · bestuurder
06/06/2025
reconductionNele Vandaele · bestuurder
06/06/2025
reconductionGeert Markey · bestuurder
06/06/2025
nominationKPMG Bedrijfsrevisoren BV/SRL · commissaris
06/06/2025
nominationEllemarie Bex · vaste vertegenwoordiger
2024
Annual accounts 2024500,9 k €↑
2023
Annual accounts 2023-2,5 M €↓
2022
Annual accounts 20223,5 M €↓
03/06/2022
reconductionNele Vandaele · voorzitter van de raad van bestuur
03/06/2022
reconductionGeert Markey · gedelegeerd bestuurder
2021
Annual accounts 20215,6 M €↓
2020
Annual accounts 202011,2 M €↑
2019
Annual accounts 20195 M €↓
2018
Annual accounts 20185,7 M €↓
2017
Annual accounts 20175,7 M €↓
2016
Annual accounts 20165,8 M €↑
2015
Annual accounts 20155,5 M €↓
2014
Annual accounts 20148,4 M €↑
2013
Annual accounts 20136,5 M €↑
2012
Annual accounts 20125 M €↓
2011
Annual accounts 20117,6 M €↑
2008
Annual accounts 2008-15,2 M €
20/12/1988
IncorporationPublic limited company

VAB

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events