ACTIVE

V COAT

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Financial year 2025 · closed on 31/12/2025

Net result

-1,1 M €

-47.2% YoY

Revenue

4,2 M €

+1.5% YoY

Equity

-491,5 k €

-185.3% YoY

Workforce

41,1 ETP

-4.4% YoY

What does V COAT do?

V COAT is a Public limited company incorporated in 1989. Its main activity is: Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Its registered office is in Heusden-Zolder. It employs on average 41,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.822.762

Incorporation

07/07/1989

Legal form

Public limited company

Registered office

Westlaan 268
3550 Heusden-Zolder · FlandreSee on map

Contributed capital

145 000,00 €

Latest accounts

31/12/2025

Average workforce

41,1 ETP

Activities (NACE)

25510Forging, pressing, stamping and roll-forming of metal; powder metallurgy· main 25610Treatment and coating of metals 28510Manufacture of machinery and equipment n.e.c.

Joint committees (2)

Signals

Positive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	4,2 M €	+1.5%	4,2 M €	+1.3%	4,1 M €	-14.0%	4,8 M €	+3.2%	4,7 M €	+19.9%	3,9 M €	-8.6%	4,2 M €	-7.1%	4,6 M €	+13.5%	4 M €	+19.3%	3,4 M €	-1.4%	3,4 M €	-4.3%	3,6 M €	-6.6%	3,8 M €	+0.1%	3,8 M €	-7.7%	4,1 M €	+19.8%	3,5 M €	+10.5%	3,1 M €	-30.1%	4,5 M €	+20.8%	3,7 M €	+24.4%	3 M €
EBITDA	280,4 k €	+41.0%	198,9 k €	-28.0%	276,4 k €	-47.0%	522 k €	+18.3%	441,2 k €	-16.3%	527 k €	-1.7%	536,4 k €	-25.0%	715,2 k €	+47.2%	485,8 k €	+83.2%	265,2 k €	+29.6%	204,6 k €	-3.0%	210,9 k €	-8.3%	230 k €	-8.9%	252,5 k €	-8.8%	276,8 k €	+15.9%	238,8 k €	+39.4%	171,3 k €	-66.2%	506,3 k €	+2.5%	493,8 k €	+8.6%	454,6 k €
Operating result	-677,1 k €	-52.6%	-443,6 k €	-70.0%	-261 k €	-177%	337,2 k €	+22.6%	275,1 k €	-12.4%	313,9 k €	-5.6%	332,6 k €	-35.2%	513,1 k €	+140%	214,1 k €	+83.1%	116,9 k €	+7.8%	108,4 k €	+13.3%	95,7 k €	-33.9%	144,7 k €	+14.9%	126 k €	+12.0%	112,5 k €	+90.8%	58,9 k €	+165%	-91,1 k €	-127%	335 k €	+0.8%	332,5 k €	+7.3%	309,9 k €
Net result	-1,1 M €	-47.2%	-725,3 k €	-72.2%	-421,2 k €	-279%	235,4 k €	+29.1%	182,3 k €	-16.4%	218,2 k €	+2.5%	212,9 k €	-37.0%	338 k €	+178%	121,4 k €	+84.8%	65,7 k €	+10.6%	59,4 k €	+20.7%	49,2 k €	-39.4%	81,2 k €	+3.4%	78,5 k €	-17.6%	95,3 k €	+141%	39,5 k €	+135%	-112,6 k €	-149%	228,2 k €	+4.5%	218,5 k €	+13.0%	193,3 k €
Balance sheet
Equity	-491,5 k €	-185%	576,1 k €	-51.8%	1,2 M €	-26.1%	1,6 M €	+5.6%	1,5 M €	+7.5%	1,4 M €	+18.1%	1,2 M €	+10.3%	1,1 M €	+14.5%	953,5 k €	+8.1%	882,1 k €	+8.0%	816,4 k €	+7.8%	757 k €	+7.0%	707,8 k €	+0.8%	702 k €	+0.5%	698,8 k €	+15.8%	603,5 k €	+7.0%	564 k €	-16.6%	676,6 k €	-3.1%	698,4 k €	-4.3%	729,9 k €
Total assets	8,3 M €	-14.7%	9,8 M €	+25.3%	7,8 M €	+136%	3,3 M €	+31.0%	2,5 M €	-1.3%	2,6 M €	+11.7%	2,3 M €	-4.8%	2,4 M €	+12.2%	2,1 M €	-1.2%	2,2 M €	+23.8%	1,7 M €	+12.4%	1,6 M €	-25.4%	2,1 M €	-3.8%	2,2 M €	+6.1%	2 M €	-10.4%	2,3 M €	+14.6%	2 M €	+0.8%	2 M €	-5.1%	2,1 M €	+14.5%	1,8 M €
Cash	425,8 €	+66.7%	255,4 €	-99.8%	169,3 k €	-68.4%	536,6 k €	+9.8%	488,5 k €	+2.8%	475,4 k €	-17.5%	576,2 k €	+26.9%	454 k €	+121%	205 k €	-20.2%	256,9 k €	-47.7%	490,9 k €	+131%	212,5 k €	-12.3%	242,2 k €	-38.9%	396,3 k €	-15.2%	467,3 k €	+107%	225,9 k €	+30.1%	173,7 k €	+15.4%	150,5 k €	-65.3%	433,2 k €	+31.4%	329,7 k €
Debts	8,8 M €	-4.2%	9,2 M €	+39.7%	6,6 M €	+295%	1,7 M €	+69.9%	978,4 k €	-12.5%	1,1 M €	+5.7%	1,1 M €	-18.5%	1,3 M €	+10.3%	1,2 M €	-8.2%	1,3 M €	+44.1%	890 k €	+11.5%	798,3 k €	-42.1%	1,4 M €	-6.0%	1,5 M €	+11.2%	1,3 M €	-21.3%	1,7 M €	+17.7%	1,4 M €	+10.2%	1,3 M €	-5.5%	1,4 M €	+27.6%	1,1 M €
Other
Workforce	41,1 ETP	-4.4%	43,0 ETP	-0.5%	43,2 ETP	+6.7%	40,5 ETP	-4.5%	42,4 ETP	+3.4%	41,0 ETP	+3.5%	39,6 ETP	+15.8%	34,2 ETP	+7.2%	31,9 ETP	-3.0%	32,9 ETP	-6.8%	35,3 ETP	+0.9%	35,0 ETP	-5.1%	36,9 ETP	+16.4%	31,7 ETP	+10.8%	28,6 ETP	+0.4%	28,5 ETP	-8.4%	31,1 ETP	+5.8%	29,4 ETP	+14.0%	25,8 ETP	-7.5%	27,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 13 ended

Active mandates

Johan Peters

Director · since 01 février 2026 · until 01 février 2030

Active

HET VEER

Director · until 27 décembre 2029 · 0426.405.169

Represented by Sophie Vandoorne

Active

Maria De Baets

Director · until 31 octobre 2025

Active

Rik Vandoorne

Managing director · until 27 décembre 2029

Active

Ended mandates

HET VEER

Director · since 31 décembre 2012 · until 27 décembre 2017 · 0426.405.169

Represented by Sophie Vandoorne

Ended

HET VEER

Director · until 27 décembre 2017 · 0426.405.169

Represented by Sophie Vandoorne

Ended

HET VEER

Director · until 27 décembre 2023 · 0426.405.169

Represented by Sophie Vandoorne

Ended

Maria De Baets

Director · until 27 décembre 2017

Ended

At this address

Other companies at this address

Company	CBE no.
LAKKERIJ VANDEREYT● Active	0423.800.522

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	27/08/2026	27/08/2025	29/08/2024	31/08/2023	25/08/2022	13/07/2021
General meeting	08/06/2026	10/06/2025	10/06/2024	12/06/2023	13/06/2022	14/06/2021
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	08/06/2026	27/08/2026	Dutch	PDF
Full model	31/12/2024	10/06/2025	27/08/2025	Dutch	PDF
Full model	31/12/2023	10/06/2024	29/08/2024	Dutch	PDF
Full model	31/12/2022	12/06/2023	31/08/2023	Dutch	PDF
Full model	31/12/2021	13/06/2022	25/08/2022	Dutch	PDF
Full model	31/12/2020	14/06/2021	13/07/2021	Dutch	PDF
Full model	31/12/2019	17/08/2020	23/09/2020	Dutch	PDF
Full model	31/12/2018	11/06/2019	26/08/2019	Dutch	PDF
Full model	31/12/2017	11/06/2018	30/07/2018	Dutch	PDF
Full model	31/12/2016	12/06/2017	21/08/2017	Dutch	PDF
Full model	31/12/2015	11/04/2016	11/05/2016	Dutch	PDF
Full model	31/12/2014	09/03/2015	24/07/2015	Dutch	PDF
Full model	31/12/2013	10/06/2014	15/07/2014	Dutch	PDF
Full model	31/12/2012	06/03/2013	20/03/2013	Dutch	PDF
Full model	31/12/2011	11/06/2012	03/08/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	10/07/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	04/08/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	03/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 13 ended

Active mandates

Johan Peters

Director · since 01 février 2026 · until 01 février 2030

Active

HET VEER

Director · until 27 décembre 2029 · 0426.405.169

Represented by Sophie Vandoorne

Active

Maria De Baets

Director · until 31 octobre 2025

Active

Rik Vandoorne

Managing director · until 27 décembre 2029

Active

Ended mandates

HET VEER

Director · since 31 décembre 2012 · until 27 décembre 2017 · 0426.405.169

Represented by Sophie Vandoorne

Ended

HET VEER

Director · until 27 décembre 2017 · 0426.405.169

Represented by Sophie Vandoorne

Ended

HET VEER

Director · until 27 décembre 2023 · 0426.405.169

Represented by Sophie Vandoorne

Ended

Maria De Baets

Director · until 27 décembre 2017

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates27/04/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/03/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/02/2012
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/08/2006
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/01/2004
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025-1,1 M €↓
2024
Annual accounts 2024-725,3 k €↓
2023
Annual accounts 2023-421,2 k €↓
2023
Name changeV Coat
2022
Annual accounts 2022235,4 k €↑
2021
Annual accounts 2021182,3 k €↓
2021
Name changeLAKKERIJ VANDEREYT
2020
Annual accounts 2020218,2 k €↑
2019
Annual accounts 2019212,9 k €↓
2018
Annual accounts 2018338 k €↑
2017
Annual accounts 2017121,4 k €↑
2016
Annual accounts 201665,7 k €↑
2015
Annual accounts 201559,4 k €↑
2014
Annual accounts 201449,2 k €↓
2013
Annual accounts 201381,2 k €↑
2012
Annual accounts 201278,5 k €↓
2011
Annual accounts 201195,3 k €↑
2010
Annual accounts 201039,5 k €↑
2009
Annual accounts 2009-112,6 k €↓
2008
Annual accounts 2008228,2 k €↑
2007
Annual accounts 2007218,5 k €↑
2006
Annual accounts 2006193,3 k €
07/07/1989
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

V COAT

Overview

What does V COAT do?

Trend over 20 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