ACTIVE

VANORMELINGEN - STAS

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Financial year 2025 · Closed on 31/12/2025

Net result1,1 M €+2 487,8 %over 1 year

Revenue19 M €+4,4 %over 1 year

Equity6,2 M €+22,4 %over 1 year

Workforce22,8 ETP+5,1 %over 1 year

Identity

Source · BCE/KBO

VANORMELINGEN - STAS is a Public limited company incorporated in 1989. Its main activity is: Construction of railways and underground railways. Its registered office is in Heist-op-den-Berg. It employs on average 22,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0438.792.762
Incorporation: 15/11/1989
Legal form: Public limited company
Registered office: Schaliehoevestraat 14 box B
2220 Heist-op-den-Berg · FlandreSee on map
Contributed capital: 124 000,00 €
Latest accounts: 31/12/2025
Average workforce: 22,8 ETP

Activities (NACE)

42120Construction of railways and underground railways· main 42120Construction of railways and underground railways 45230Maintenance and repair of motor vehicles 42110Construction of roads and motorways 42110Construction of roads and motorways 42212Construction of utility projects for fluids+4

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	19 M €	+4.4%	18,2 M €	+77.4%	10,3 M €	-6.2%	10,9 M €	-22.3%	14,1 M €
EBITDA	2,7 M €	+106%	1,3 M €	+935%	125 k €	-88.0%	1 M €	-82.5%	5,9 M €
Operating result	1,4 M €	+6322%	22 k €	+103%	-869,2 k €	-228%	677,9 k €	-85.1%	4,6 M €
Net result	1,1 M €	+2488%	-47,8 k €	+95.0%	-948,3 k €	-296%	483,3 k €	-86.3%	3,5 M €
Balance sheet
Equity	6,2 M €	+22.4%	5,1 M €	-0.9%	5,1 M €	-15.6%	6,1 M €	+8.6%	5,6 M €
Total assets	16,6 M €	+0.4%	16,5 M €	+2.6%	16,1 M €	+54.1%	10,5 M €	+7.5%	9,7 M €
Cash	1,3 M €	+8.3%	1,2 M €	+301%	300,4 k €	-83.0%	1,8 M €	+19.2%	1,5 M €
Debts	9,6 M €	-10.1%	10,7 M €	+4.9%	10,2 M €	+190%	3,5 M €	+24.6%	2,8 M €
Other
Workforce	22,8 ETP	+5.1%	21,7 ETP	+15.4%	18,8 ETP	+0.5%	18,7 ETP	+1.6%	18,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Geert Peeters	MandateDirector03/12/2003 → 2010 accountsended
RAILCO0861.851.433Represented by Leopold Peeters	MandateManaging director03/12/2003 → 2009 accountsendedDirector2024 accountsended
PROJECTS IN MOTION0848.322.606Represented by Steven Becaus	Mandate

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Leopold Peeters	Director10/12/2015 → 31/05/2022
Ellen Peeters	Director12/12/2003 → 2010 accounts
Reinildis Van Dessel	Director02/12/2009 → 2010 accounts

Other companies at this address

Schaliehoevestraat 14 2220 Heist-op-den-Berg

Company	CBE no.
INTERNI FILM● Active	0425.336.981
PALMERS GROUP● Active	1026.838.535
PALMERS JAN● Active	0750.816.127
RAILCO● Active	0861.851.433
SPOORWERKEN PEETERS● Active	0862.170.246
VERBEEMEN D.S.● Active	0760.883.935

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full 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	10/07/2026	16/07/2025	14/10/2024	07/07/2023	28/07/2022	05/07/2021
General meeting	30/06/2026	30/06/2025	03/10/2024	06/07/2023	30/06/2022	28/06/2021
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	30/06/2026	10/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	16/07/2025	Dutch	PDF
Full modelCorrection	31/12/2023	03/10/2024	14/10/2024	Dutch	PDF
Full model	31/12/2023	29/07/2024	31/07/2024	Dutch	PDF
Full model	31/12/2022	06/07/2023	07/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2020	28/06/2021	05/07/2021	Dutch	PDF
Abridged model	31/12/2019	22/06/2020	13/07/2020	Dutch	PDF
Abridged model	31/12/2018	24/06/2019	09/07/2019	Dutch	PDF
Abridged model	31/12/2017	25/06/2018	09/07/2018	Dutch	PDF
Abridged model	31/12/2016	26/06/2017	10/07/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	22/06/2015	09/07/2015	Dutch	PDF
Abridged model	31/12/2013	23/06/2014	03/07/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	25/07/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	05/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	08/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/06/2010	08/07/2010	Dutch	PDF
Abridged model	31/12/2008	22/06/2009	10/07/2009	Dutch	PDF
Abridged model	31/12/2007	23/06/2008	01/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/06/2007	06/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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

3 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Geert Peeters	MandateDirector03/12/2003 → 2010 accountsended
RAILCO0861.851.433Represented by Leopold Peeters	MandateManaging director03/12/2003 → 2009 accountsendedDirector2024 accountsended
PROJECTS IN MOTION0848.322.606Represented by Steven Becaus	Mandate

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Leopold Peeters	Director10/12/2015 → 31/05/2022
Ellen Peeters	Director12/12/2003 → 2010 accounts
Reinildis Van Dessel	Director02/12/2009 → 2010 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates28/10/2026
ONTSLAGEN, BENOEMINGEN
PDF
Mandates18/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/06/2022
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates09/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Registered office17/09/2021
MAATSCHAPPELIJKE ZETEL
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

Filings20 filings

Mandates

PROJECTS IN MOTION

RAILCO

Geert Peeters

Leopold Peeters

Reinildis Van Dessel

Ellen Peeters

19891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

VANORMELINGEN - STAS

Schaliehoevestraat 14 bte B, 2220 Heist-op-den-Berg

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Schaliehoevestraat 14 bte B, 2220 Heist-op-den-BergCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00279179

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
VANORMELINGEN - STASCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00279179

Events

2025
Annual accounts 20251,1 M €↑
2024
Annual accounts 2024-47,8 k €↑
2023
Annual accounts 2023-948,3 k €↓
2022
Annual accounts 2022483,3 k €↓
2021
Annual accounts 20213,5 M €↑
2020
Annual accounts 2020856,9 k €↑
2019
Annual accounts 2019214,8 k €↑
2018
Annual accounts 201875,6 k €↑
2017
Annual accounts 201726,3 k €↓
2016
Annual accounts 201646,2 k €↓
2015
Annual accounts 201567,2 k €↓
2014
Annual accounts 201486,2 k €↑
2013
Annual accounts 201381,6 k €↑
2012
Annual accounts 201254,8 k €↓
2011
Annual accounts 2011272,1 k €↑
2010
Annual accounts 2010101,7 k €↑
2009
Annual accounts 200945 k €↓
2008
Annual accounts 2008102,3 k €↓
2007
Annual accounts 2007170 k €↑
2006
Annual accounts 200690,5 k €
15/11/1989
IncorporationPublic limited company

VANORMELINGEN - STAS

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