ACTIVE

VFM 2

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Financial year 2025 · closed on 31/12/2025

Net result

391,5 k €

+18.9% YoY

Gross margin

549,9 k €

+18.7% YoY

Equity

841,4 k €

-27.0% YoY

What does VFM 2 do?

VFM 2 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 Wingene.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.538.096

Incorporation

24/05/1989

Legal form

Public limited company

Registered office

Hille 184
8750 Wingene · FlandreSee on map

Contributed capital

698 748,21 €

Latest accounts

31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	549,9 k €	+18.7%	463,4 k €	+156%	180,7 k €	-53.4%	387,6 k €	+3.7%	373,9 k €	-1.1%	378,1 k €	-29.5%	536,2 k €		–		–		–		–		–		–		–		–		–		–		–
EBITDA	496 k €	+9.5%	452,8 k €	+513%	73,9 k €	-77.8%	333 k €	+32.7%	250,9 k €	-23.8%	329,2 k €	-3.4%	340,9 k €	+9.1%	312,4 k €	-1.0%	315,5 k €	+1.9%	309,7 k €	+2.1%	303,3 k €	-0.5%	305 k €	+1.1%	301,5 k €	+2.9%	293,1 k €	+2.9%	284,7 k €	+3.2%	275,8 k €	-4.4%	288,5 k €	+6.4%	271,1 k €
Operating result	439,8 k €	+9.2%	402,8 k €	+1047%	35,1 k €	-88.1%	295,1 k €	-9.9%	327,5 k €	+5.4%	310,8 k €	-4.3%	324,7 k €	+11.3%	291,8 k €	+4.1%	280,2 k €	+0.9%	277,7 k €	+1.2%	274,5 k €	-0.9%	276,9 k €	+0.5%	275,6 k €	+2.9%	267,9 k €	+2.8%	260,6 k €	+3.3%	252,4 k €	-4.4%	263,9 k €	+45.0%	182 k €
Net result	391,5 k €	+18.9%	329,2 k €	+1202%	25,3 k €	-88.7%	223,8 k €	-9.7%	247,8 k €	+5.8%	234,1 k €	+2.0%	229,5 k €	+10.7%	207,4 k €	+12.2%	184,9 k €	-0.1%	185,2 k €	-0.1%	185,4 k €	-1.7%	188,6 k €	-1.4%	191,3 k €	+2.5%	186,6 k €	+1.6%	183,6 k €	+3.3%	177,7 k €	-14.1%	206,9 k €	+9.6%	188,8 k €
Balance sheet
Equity	841,4 k €	-27.0%	1,2 M €	+6.2%	1,1 M €	+2.2%	1,1 M €	+8.3%	981,2 k €	+4.6%	938,1 k €	+3.8%	904 k €	+9.6%	824,5 k €	+3.4%	797,1 k €	-16.7%	957,2 k €	+24.0%	772,1 k €	-1.2%	781,7 k €	-7.3%	843,1 k €	+0.7%	836,9 k €	-13.8%	970,3 k €	-3.6%	1 M €	+21.4%	828,9 k €	-26.1%	1,1 M €
Total assets	2,6 M €	+7.5%	2,4 M €	+78.7%	1,3 M €	+21.7%	1,1 M €	-4.7%	1,2 M €	-10.2%	1,3 M €	+20.4%	1,1 M €	+29.7%	826,9 k €	-0.2%	828,5 k €	-21.7%	1,1 M €	+30.3%	812,3 k €	-5.0%	855,3 k €	-3.5%	886,5 k €	+3.4%	857,7 k €	-16.3%	1 M €	-0.6%	1 M €	+4.3%	988,4 k €	-13.8%	1,1 M €
Cash	404,2 k €	+74.0%	232,3 k €	+89.3%	122,7 k €		–		–		–		–		–		–		2 k €	+305%	505 €	+34.0%	377 €	-82.8%	2,2 k €	+953%	208 €	-74.6%	818,3 €	-66.5%	2,4 k €	+2039%	114,1 €	-93.6%	1,8 k €
Debts	1,7 M €	+40.1%	1,2 M €	+423%	234,3 k €	+1269%	17,1 k €	-88.8%	152,7 k €	-33.3%	228,8 k €	+1138%	18,5 k €	+644%	2,5 k €	-92.1%	31,4 k €	-68.9%	101,1 k €	+151%	40,2 k €	-45.4%	73,6 k €	+69.5%	43,4 k €	+108%	20,9 k €	-61.6%	54,2 k €	+154%	21,4 k €	-86.4%	157,1 k €	+691%	19,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 31 ended

Active mandates

Verkoop en Fabricatie van Metaalprodukten

Director · since 17 décembre 2024 · until 17 décembre 2030 · 0407.048.226

Represented by Jacky BONAMI

Active

BREMHOVE

Managing director · since 17 août 2023 · until 31 mai 2029 · 0455.526.549

Represented by Joris IDE

Active

Eveline DEPREZ

Director · since 17 août 2023 · until 31 mai 2029

Active

Ended mandates

BREMHOVE

Managing director · since 17 août 2023 · until 31 mai 2029 · 0455.526.549

Represented by Joris Ide

Ended

Jacky Bonami

Director · since 17 août 2023 · until 31 mai 2029

Ended

Jacky BONAMI

Director · since 17 août 2023 · until 17 décembre 2024

Ended

Danny Maenhout

Managing director · since 01 juin 2020 · until 17 août 2023

Ended

At this address

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NIEUWBURGH PROJECT● Active	1037.268.609
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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	01/01/2025	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	08/07/2026	09/07/2025	16/07/2024	27/06/2023	10/08/2022	05/01/2022
General meeting	30/05/2026	31/05/2025	28/06/2024	31/05/2023	30/06/2022	31/05/2021
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	31/12/2025	30/05/2026	08/07/2026	Dutch	PDF
Abridged model	31/12/2024	31/05/2025	09/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	16/07/2024	Dutch	PDF
Abridged model	31/12/2022	31/05/2023	27/06/2023	Dutch	PDF
Abridged modelCorrection	31/12/2021	30/06/2022	10/08/2022	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	15/07/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	05/01/2022	Dutch	PDF
Abridged model	31/12/2019	03/08/2020	28/08/2020	Dutch	PDF
Full model	31/12/2018	31/05/2019	27/06/2019	Dutch	PDF
Full model	31/12/2017	31/05/2018	16/07/2018	Dutch	PDF
Full model	31/12/2016	31/05/2017	23/08/2017	Dutch	PDF
Full model	31/12/2015	31/05/2016	30/06/2016	Dutch	PDF
Full model	31/12/2014	01/06/2015	31/08/2015	Dutch	PDF
Full model	31/12/2013	30/05/2014	20/08/2014	Dutch	PDF
Full model	31/12/2012	31/05/2013	21/08/2013	Dutch	PDF
Full model	31/12/2011	31/05/2012	19/06/2012	Dutch	PDF
Full model	31/12/2010	31/05/2011	29/06/2011	Dutch	PDF
Full model	31/12/2009	31/05/2010	30/06/2010	Dutch	PDF
Full model	31/12/2008	02/06/2009	24/06/2009	Dutch	PDF
Full model	31/12/2007	31/05/2008	26/06/2008	Dutch	PDF
Full model	31/12/2006	31/05/2007	18/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 31 ended

Active mandates

Verkoop en Fabricatie van Metaalprodukten

Director · since 17 décembre 2024 · until 17 décembre 2030 · 0407.048.226

Represented by Jacky BONAMI

Active

BREMHOVE

Managing director · since 17 août 2023 · until 31 mai 2029 · 0455.526.549

Represented by Joris IDE

Active

Eveline DEPREZ

Director · since 17 août 2023 · until 31 mai 2029

Active

Ended mandates

BREMHOVE

Managing director · since 17 août 2023 · until 31 mai 2029 · 0455.526.549

Represented by Joris Ide

Ended

Jacky Bonami

Director · since 17 août 2023 · until 31 mai 2029

Ended

Jacky BONAMI

Director · since 17 août 2023 · until 17 décembre 2024

Ended

Danny Maenhout

Managing director · since 01 juin 2020 · until 17 août 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - DIVERSEN - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/03/2018
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 2025391,5 k €↑
2024
Annual accounts 2024329,2 k €↑
2023
Annual accounts 202325,3 k €↓
2023
Name changeVFM 2
2022
Annual accounts 2022223,8 k €↓
2021
Annual accounts 2021247,8 k €↑
2020
Annual accounts 2020234,1 k €↑
2019
Annual accounts 2019229,5 k €↑
2018
Annual accounts 2018207,4 k €↑
2017
Annual accounts 2017184,9 k €↓
2016
Annual accounts 2016185,2 k €↓
2015
Annual accounts 2015185,4 k €↓
2014
Annual accounts 2014188,6 k €↓
2013
Annual accounts 2013191,3 k €↑
2012
Annual accounts 2012186,6 k €↑
2011
Annual accounts 2011183,6 k €↑
2010
Annual accounts 2010177,7 k €↓
2009
Annual accounts 2009206,9 k €↑
2008
Annual accounts 2008188,8 k €
2008
Name changePACKO IMMO INOX
24/05/1989
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

VFM 2

Overview

What does VFM 2 do?

Trend over 18 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