ACTIVE

V.S.G.

Financial year 2025 · Closed on 31/12/2025

Net result-61,5 k €-33,5 %over 1 year

Gross margin-18,1 k €+16,1 %over 1 year

Equity2,4 M €+8 303,0 %over 1 year

Identity

Source · BCE/KBO

V.S.G. is a Public limited company incorporated in 1989. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. Its registered office is in Kampenhout.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0437.557.201
Incorporation: 06/06/1989
Legal form: Public limited company
Registered office: Mechelsesteenweg 31
1910 Kampenhout · FlandreSee on map
Contributed capital: 2 561 973,38 €
Latest accounts: 31/12/2025

Activities (NACE)

46731Wholesale of wood, construction materials and sanitary equipment· main 46831Wholesale trade, except of motor vehicles and motorcycles 51532Air transport 47521Retail sale of hardware, paints and glass in specialised stores 47521Retail sale of hardware, paints and glass in specialised stores 52462Warehousing and support activities for transportation

Signals

Solid equityLow riskGood liquidity

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-18,1 k €	+16.1%	-21,6 k €	-67.8%	-12,8 k €	-104%	-6,3 k €	-238%	4,6 k €
EBITDA	-20,9 k €	+11.8%	-23,7 k €	+55.8%	-53,6 k €	+1.1%	-54,1 k €	-1422%	4,1 k €
Operating result	-60,2 k €	-31.1%	-46 k €	+39.3%	-75,7 k €	-26.1%	-60 k €	-2576%	-2,2 k €
Net result	-61,5 k €	-33.5%	-46,1 k €	+39.1%	-75,7 k €	-24.6%	-60,8 k €	-2387%	-2,4 k €
Balance sheet
Equity	2,4 M €	+8303%	-29,4 k €	-276%	16,7 k €	-81.9%	92,4 k €	-39.7%	153,2 k €
Total assets	4,4 M €	+70.8%	2,6 M €	+147%	1 M €	+42.5%	731,3 k €	+95.0%	375,1 k €
Cash	57,1 k €	-21.8%	73,1 k €	+716%	9 k €	+257%	2,5 k €	-93.0%	35,8 k €
Debts	2 M €	-23.8%	2,6 M €	+154%	1 M €	+60.4%	638,8 k €	+188%	221,9 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
JENMABO0478.882.664Represented by Jan Jennes	Director14/09/2021 → 03/07/2027
Rudi JENNES	Director14/09/2021 → 03/07/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Eddy Verhoeven	Managing director2007 accounts
Gerdy Verhoeven	Director2007 accounts

Other companies at this address

Mechelsesteenweg 31 1910 Kampenhout

Company	CBE no.
BELTERRA● Active	0787.844.391
DMC Multimerk Carrosserie Brussels● Active	0462.047.721
Immo Sas● Active	1011.464.728
IMMO SIESTA● Active	0699.638.630
JENCON● Active	0787.844.490
JENMABO● Active	0478.882.664
Jennes Groep● Active	0684.640.648
Jennes Vastgoed● Active	1034.153.127
J-PROJECT● Active	0455.963.841
REI Belgium Mechelen● Active	0879.475.343
VOS● Active	0446.196.931

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/12/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	21 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/06/2026	08/07/2024	27/07/2023	02/09/2022	14/09/2021	30/10/2020
General meeting	18/06/2026	06/07/2024	01/07/2023	23/07/2022	03/07/2021	04/08/2020
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, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/06/2026	22/06/2026	Dutch	PDF
Abridged model	31/03/2024	06/07/2024	08/07/2024	Dutch	PDF
Abridged model	31/03/2023	01/07/2023	27/07/2023	Dutch	PDF
Micro model	31/03/2022	23/07/2022	02/09/2022	Dutch	PDF
Micro model	31/03/2021	03/07/2021	14/09/2021	Dutch	PDF
Micro model	31/03/2020	04/08/2020	30/10/2020	Dutch	PDF
Micro model	31/03/2019	06/07/2019	22/10/2019	Dutch	PDF
Micro model	31/03/2018	07/07/2018	30/10/2018	Dutch	PDF
Micro model	31/03/2017	01/07/2017	31/10/2017	Dutch	PDF
Abridged model	31/03/2016	02/07/2016	05/10/2016	Dutch	PDF
Abridged model	31/03/2015	04/07/2015	30/10/2015	Dutch	PDF
Abridged model	31/03/2014	05/07/2014	29/10/2014	Dutch	PDF
Abridged model	31/03/2013	06/07/2013	08/10/2013	Dutch	PDF
Abridged model	31/03/2012	07/07/2012	26/09/2012	Dutch	PDF
Abridged model	31/03/2011	02/07/2011	03/11/2011	Dutch	PDF
Abridged model	31/03/2010	03/07/2010	30/09/2010	Dutch	PDF
Abridged model	31/03/2009	04/07/2009	24/08/2009	Dutch	PDF
Abridged model	31/03/2008	05/07/2008	26/08/2008	Dutch	PDF
Abridged model	31/03/2007	07/07/2007	24/08/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
JENMABO0478.882.664Represented by Jan Jennes	Director14/09/2021 → 03/07/2027
Rudi JENNES	Director14/09/2021 → 03/07/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Eddy Verhoeven	Managing director2007 accounts
Gerdy Verhoeven	Director2007 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates04/07/2024
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Registered office09/02/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates25/10/2021
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other03/01/2018
STATUTENWIJZIGING
PDF
Mandates12/03/2004
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

Filings19 filings

Mandates

JENMABO

Rudi JENNES

Gerdy Verhoeven

Eddy Verhoeven

198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027

VSGV.S.G.

Mechelsesteenweg 31, 1910 Kampenhout

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Mechelsesteenweg 31, 1910 KampenhoutCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00189400
Leuvensesteenweg 369, 3190 Boortmeerbeek	accounts 2022	Accounts 2022 · 2022-20419971

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
V.S.G.Current		CBE
VSG	accounts 2025	Accounts 2025 · 2026-00189400
V.S.G. NV	accounts 2024	Accounts 2024 · 2024-00221255
VSG	accounts 2022 → 2023	Accounts 2023 · 2023-00288649
V.S.G.	accounts 2007 → 2021	Accounts 2021 · 2021-67300424

Events

2025
Annual accounts 2025-61,5 k €↓
2025
Name changeVSG
2024
Annual accounts 2024-46,1 k €↑
2024
Name changeV.S.G. NV
2023
Annual accounts 2023-75,7 k €↓
2022
Annual accounts 2022-60,8 k €↓
2022
Name changeVSG
2021
Annual accounts 2021-2,4 k €↓
2020
Annual accounts 20202 k €↑
2019
Annual accounts 2019-6,3 k €↑
2018
Annual accounts 2018-8,7 k €↓
2017
Annual accounts 2017-33,9 €↑
2016
Annual accounts 2016-3,8 k €↓
2015
Annual accounts 2015-3,2 k €↑
2014
Annual accounts 2014-3,6 k €↓
2013
Annual accounts 201393,2 k €↑
2012
Annual accounts 2012-8,4 k €↓
2011
Annual accounts 201114,2 €↑
2010
Annual accounts 2010-183,6 €↑
2009
Annual accounts 2009-379 €↓
2008
Annual accounts 20081,5 k €↑
2007
Annual accounts 2007989,9 €
06/06/1989
IncorporationPublic limited company

V.S.G.

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