ACTIVE

VG REAL ESTATE

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Financial year 2025 · Closed on 31/12/2025

Net result1,9 M €+424,6 %over 1 year
Gross margin748,5 k €-23,7 %over 1 year
Equity1,7 M €+8,1 %over 1 year
Workforce0,0 ETP

Identity

Source · BCE/KBO

VG REAL ESTATE is a Public limited company incorporated in 1989. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Waregem.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0437.307.177
Incorporation
19/04/1989
Legal form
Public limited company
Registered office
Kabeljauwstraat 20
8790 Waregem · FlandreSee on map
Contributed capital
1 070 000,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Joint committees (2)
  • 200
  • 218
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin748,5 k €980,6 k €748,7 k €256,2 k €804,2 k €
EBITDA670,3 k €905,6 k €676,6 k €185,6 k €734,5 k €
Operating result420,9 k €647,9 k €425,6 k €-62,2 k €489 k €
Net result1,9 M €357,4 k €1,2 M €7,4 M €358,8 k €
Balance sheet
Equity1,7 M €1,5 M €1,4 M €1,4 M €1,4 M €
Total assets6,6 M €5,4 M €5,9 M €9 M €6,9 M €
Cash170,8 k €350 k €476,8 k €694,2 k €373,7 k €
Debts4,8 M €3,7 M €4,3 M €7,5 M €5,3 M €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP––

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 43 ended

Active mandates

MAKIN'MEMORIES

Managing director · since 22 septembre 2023 · until 21 septembre 2029 · 0429.294.086

Represented by Bruno Vangaever

Active
VG SOLUTIONS

Managing director · since 22 septembre 2023 · until 21 septembre 2029 · 0819.214.587

Represented by Luc Vangaever

Active

Ended mandates

BRUSSELS PORT

Director · since 16 juillet 2019 · until 16 juillet 2025 · 0441.156.196

Represented by Dries VANGAEVER

Ended
BRUSSELS PORT

Director · since 16 juillet 2019 · until 16 juillet 2025 · 0441.156.196

Represented by Dries Vangaever

Ended
MAKIN'MEMORIES

Director · since 16 juillet 2019 · until 16 juillet 2025 · 0429.294.086

Represented by Luc Vangaever

Ended
MAKIN'MEMORIES

Director · since 16 juillet 2019 · until 16 juillet 2025 · 0429.294.086

Represented by Luc Vangaever

Ended

Other companies at this address

Kabeljauwstraat 20 8790 Waregem
CompanyCBE no.
VANGAEVER● Active
0406.729.314

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/04/202621/05/202523/07/202424/05/202319/07/202223/07/2021
General meeting21/04/202615/05/202528/06/202411/05/202324/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202521/04/202622/04/2026DutchPDF
Abridged model31/12/202415/05/202521/05/2025DutchPDF
Abridged model31/12/202328/06/202423/07/2024DutchPDF
Abridged model31/12/202211/05/202324/05/2023DutchPDF
Abridged model31/12/202124/06/202219/07/2022DutchPDF
Abridged model31/12/202025/06/202123/07/2021DutchPDF
Abridged model31/12/201926/06/202022/07/2020DutchPDF
Full model31/12/201831/05/201920/06/2019DutchPDF
Full model31/12/201729/06/201820/07/2018DutchPDF
Full model31/12/201630/06/201726/07/2017DutchPDF
Full model31/12/201530/06/201620/07/2016DutchPDF
Full model31/12/201426/06/201523/07/2015DutchPDF
Full model31/12/201327/06/201425/07/2014DutchPDF
Full model31/12/201227/06/201323/07/2013DutchPDF
Full model31/12/201125/05/201206/07/2012DutchPDF
Full model31/12/201027/05/201101/06/2011DutchPDF
Full model31/12/200929/06/201023/07/2010DutchPDF
Abridged model31/12/200826/06/200915/07/2009DutchPDF
Abridged model31/12/200711/06/200810/07/2008DutchPDF
Abridged model31/12/200627/09/200728/09/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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

2 active · 43 ended

Active mandates

MAKIN'MEMORIES

Managing director · since 22 septembre 2023 · until 21 septembre 2029 · 0429.294.086

Represented by Bruno Vangaever

Active
VG SOLUTIONS

Managing director · since 22 septembre 2023 · until 21 septembre 2029 · 0819.214.587

Represented by Luc Vangaever

Active

Ended mandates

BRUSSELS PORT

Director · since 16 juillet 2019 · until 16 juillet 2025 · 0441.156.196

Represented by Dries VANGAEVER

Ended
BRUSSELS PORT

Director · since 16 juillet 2019 · until 16 juillet 2025 · 0441.156.196

Represented by Dries Vangaever

Ended
MAKIN'MEMORIES

Director · since 16 juillet 2019 · until 16 juillet 2025 · 0429.294.086

Represented by Luc Vangaever

Ended
MAKIN'MEMORIES

Director · since 16 juillet 2019 · until 16 juillet 2025 · 0429.294.086

Represented by Luc Vangaever

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates09/10/2023
    BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring09/08/2019
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring16/05/2019
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring17/06/2016
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Capital / shares16/03/2016
    KAPITAAL - AANDELEN
    PDF
  • Restructuring28/01/2016
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Registered office17/12/2013
    MAATSCHAPPELIJKE ZETEL - DIVERSEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20251,9 M €↑
  2. 2024
    Annual accounts 2024357,4 k €↓
  3. 2023
    Annual accounts 20231,2 M €↓
  4. 2023
    Name changeVG REAL ESTATE
  5. 2022
    Annual accounts 20227,4 M €↑
  6. 2021
    Annual accounts 2021358,8 k €↑
  7. 2021
    Name changeAmidon Engineering
  8. 2020
    Annual accounts 2020180,3 k €↓
  9. 2019
    Annual accounts 2019207,6 k €↓
  10. 2018
    Annual accounts 2018317,3 k €↓
  11. 2017
    Annual accounts 2017429,9 k €↑
  12. 2016
    Annual accounts 201673,8 k €↓
  13. 2015
    Annual accounts 2015115,7 k €↑
  14. 2014
    Annual accounts 201421,9 k €↓
  15. 2013
    Annual accounts 2013699,9 k €↑
  16. 2012
    Annual accounts 2012-25,3 k €↓
  17. 2011
    Annual accounts 2011151,2 k €↓
  18. 2010
    Annual accounts 20101 M €↓
  19. 2009
    Annual accounts 20091,6 M €↑
  20. 2008
    Annual accounts 2008907,9 k €↑
  21. 2007
    Annual accounts 2007216,2 k €↓
  22. 2006
    Annual accounts 2006957,9 k €
  23. 19/04/1989
    IncorporationPublic limited company