ACTIVE

V.V.M.

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Financial year 2025 · closed on 30/11/2025

Net result

17 M €

-4.6% YoY

Revenue

114,9 M €

+1.8% YoY

Equity

20,3 M €

+33.0% YoY

Workforce

44,3 ETP

+5.7% YoY

What does V.V.M. do?

V.V.M. is a Public limited company incorporated in 1990. Its registered office is in Antwerpen. It employs on average 44,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.276.565

Incorporation

27/02/1990

Legal form

Public limited company

Registered office

Zwarteweg 49
2030 Antwerpen · FlandreSee on map

Contributed capital

713 000,00 €

Latest accounts

30/11/2025

Average workforce

44,3 ETP

Joint committees (3)

14003
218
226

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2011		2010		2009		2008		2007
Income statement
Revenue	114,9 M €	+1.8%	112,9 M €	-45.7%	207,9 M €	+184%	73,2 M €	+8.5%	67,4 M €	+4.0%	64,9 M €	+12.8%	57,5 M €	-1.3%	58,3 M €	+5.2%	55,4 M €	-2.9%	57 M €	+25.3%	45,5 M €	-14.2%	53,1 M €	-0.3%	53,2 M €	-4.7%	55,9 M €	+4.4%	53,5 M €	+7.6%	49,7 M €	-1.2%	50,4 M €	+40.3%	35,9 M €
EBITDA	25,4 M €	-2.7%	26,1 M €	-36.4%	41,1 M €	+329%	9,6 M €	+13.4%	8,5 M €	-4.6%	8,9 M €	+35.8%	6,5 M €	+61.6%	4 M €	+224%	1,2 M €	-65.1%	3,6 M €	+77.5%	2 M €	-49.3%	4 M €	-50.0%	7,9 M €	-40.8%	13,4 M €	+38.7%	9,7 M €	+56.5%	6,2 M €	-8.2%	6,7 M €	+165%	2,5 M €
Operating result	23,2 M €	-3.5%	24 M €	-36.9%	38,1 M €	+353%	8,4 M €	+17.2%	7,2 M €	-1.8%	7,3 M €	+38.0%	5,3 M €	+169%	2 M €	+1346%	136,1 k €	-94.5%	2,5 M €	+294%	627,2 k €	-73.9%	2,4 M €	-62.6%	6,4 M €	-43.1%	11,3 M €	+57.0%	7,2 M €	+49.4%	4,8 M €	-0.1%	4,8 M €	+210%	1,6 M €
Net result	17 M €	-4.6%	17,9 M €	-35.5%	27,7 M €	+383%	5,7 M €	+16.8%	4,9 M €	+3.1%	4,8 M €	+47.0%	3,2 M €	+179%	1,2 M €	+619%	-224 k €	-121%	1,1 M €	+82.3%	581,6 k €	-15.3%	686,6 k €	-84.7%	4,5 M €	-41.8%	7,7 M €	+32.2%	5,9 M €	+45.7%	4 M €	+1.3%	4 M €	+153%	1,6 M €
Balance sheet
Equity	20,3 M €	+33.0%	15,3 M €	+5.9%	14,4 M €	-32.0%	21,2 M €	+37.1%	15,5 M €	+502%	2,6 M €	-93.9%	41,8 M €	+8.4%	38,6 M €	+3.1%	37,4 M €	-0.6%	37,6 M €	+2.9%	36,6 M €	+1.6%	36 M €	+1.9%	35,3 M €	+14.5%	30,9 M €	+33.3%	23,2 M €	+19.8%	19,3 M €	+18.2%	16,3 M €	+17.4%	13,9 M €
Total assets	55,7 M €	+18.3%	47 M €	-4.8%	49,4 M €	+62.9%	30,3 M €	+28.1%	23,7 M €	+39.9%	16,9 M €	-65.3%	48,7 M €	+2.7%	47,4 M €	-0.7%	47,8 M €	+3.7%	46,1 M €	+8.8%	42,3 M €	-8.7%	46,4 M €	-5.9%	49,3 M €	+24.7%	39,5 M €	+14.1%	34,6 M €	+19.3%	29 M €	+28.8%	22,6 M €	+23.9%	18,2 M €
Cash	2,7 k €	+39.9%	1,9 k €	+14.4%	1,7 k €	-7.0%	1,8 k €	+1.3%	1,8 k €	+172%	649,8 €	+12.9%	575,4 €	-1.5%	584,3 €	-98.5%	37,9 k €	-70.5%	128,6 k €	-26.0%	173,8 k €	-24.9%	231,5 k €	-92.1%	2,9 M €	-80.2%	14,8 M €	+56.7%	9,5 M €	+9.9%	8,6 M €	+112%	4,1 M €	+459%	725,9 k €
Debts	30,3 M €	+12.4%	27 M €	-13.2%	31,1 M €	+302%	7,7 M €	+20.0%	6,4 M €	-50.2%	12,9 M €	+136%	5,5 M €	-24.5%	7,3 M €	-23.2%	9,5 M €	+23.4%	7,7 M €	+50.4%	5,1 M €	-47.3%	9,7 M €	-27.9%	13,4 M €	+60.8%	8,3 M €	-21.1%	10,6 M €	+20.0%	8,8 M €	+73.2%	5,1 M €	+53.9%	3,3 M €
Other
Workforce	44,3 ETP	+5.7%	41,9 ETP	+8.0%	38,8 ETP	-1.3%	39,3 ETP	-0.8%	39,6 ETP	+70.7%	23,2 ETP	+4.0%	22,3 ETP	-4.7%	23,4 ETP	-6.4%	25,0 ETP	+8.2%	23,1 ETP	-2.5%	23,7 ETP	+26.1%	18,8 ETP	+11.9%	16,8 ETP	+2.4%	16,4 ETP	+10.1%	14,9 ETP	+17.3%	12,7 ETP	-23.5%	16,6 ETP	+6.4%	15,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 2 active · 33 ended

Active mandates

Romain Mille

Director · since 29 juin 2022 · until 30 mai 2028

Active

Michel WITJES

Director · since 30 juin 2014 · until 30 mai 2026

Active

Ended mandates

Romain Mille

Director · since 21 décembre 2017 · until 29 juin 2022

Ended

Romain Mille

Director · since 21 décembre 2017 · until 30 juin 2022

Ended

Harmen Smid

Director · since 31 mars 2017 · until 30 juin 2022

Ended

Serge Schmidt

Director · since 31 mars 2017 · until 31 décembre 2020

Ended

At this address

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CEMENTBOUW BINDMIDDELEN● Active	0426.287.779
CRH BELGIUM● Active	0452.264.874
PORTAL● Active	0460.505.421
Zoontjens België● Active	0682.946.019

Annual accounts

Full financial information

	2025	2024	2023	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/12/2024	01/12/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	23 months	12 months	12 months	12 months
Filing date	29/06/2026	12/06/2025	30/07/2024	14/07/2022	08/07/2021	15/07/2020
General meeting	29/05/2026	30/05/2025	25/07/2024	29/06/2022	30/06/2021	30/06/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/11/2025	29/05/2026	29/06/2026	Dutch	PDF
Full model	30/11/2024	30/05/2025	12/06/2025	Dutch	PDF
Full model	30/11/2023	25/07/2024	30/07/2024	Dutch	PDF
Full model	31/12/2021	29/06/2022	14/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	08/07/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	15/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	09/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	06/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	04/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	22/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	30/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	31/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	31/07/2013	Dutch	PDF
Full model	31/12/2011	30/06/2012	10/08/2012	Dutch	PDF
Full model	31/01/2011	13/06/2011	20/07/2011	Dutch	PDF
Full model	31/01/2010	14/06/2010	11/08/2010	Dutch	PDF
Full model	31/01/2009	08/06/2009	20/07/2009	Dutch	PDF
Full model	31/01/2008	09/06/2008	29/07/2008	Dutch	PDF
Full model	31/01/2007	11/06/2007	03/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 30/11/2025 · 2 active · 33 ended

Active mandates

Romain Mille

Director · since 29 juin 2022 · until 30 mai 2028

Active

Michel WITJES

Director · since 30 juin 2014 · until 30 mai 2026

Active

Ended mandates

Romain Mille

Director · since 21 décembre 2017 · until 29 juin 2022

Ended

Romain Mille

Director · since 21 décembre 2017 · until 30 juin 2022

Ended

Harmen Smid

Director · since 31 mars 2017 · until 30 juin 2022

Ended

Serge Schmidt

Director · since 31 mars 2017 · until 31 décembre 2020

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/08/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other06/01/2023
ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates07/01/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring01/07/2019
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring04/03/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 202517 M €↓
2024
Annual accounts 202417,9 M €↓
25/07/2024
reconductionLuc Callaert — commissaris
2023
Annual accounts 202327,7 M €↑
29/06/2022
reconductionRomain Mille — bestuurder
2021
Annual accounts 20215,7 M €↑
2020
Annual accounts 20204,9 M €↑
2018
Annual accounts 20184,8 M €↑
2017
Annual accounts 20173,2 M €↑
2016
Annual accounts 20161,2 M €↑
2015
Annual accounts 2015-224 k €↓
2014
Annual accounts 20141,1 M €↑
2013
Annual accounts 2013581,6 k €↓
2012
Annual accounts 2012686,6 k €↓
2011
Annual accounts 20114,5 M €↓
2011
Annual accounts 20117,7 M €↑
2010
Annual accounts 20105,9 M €↑
2009
Annual accounts 20094 M €↑
2008
Annual accounts 20084 M €↑
2007
Annual accounts 20071,6 M €
27/02/1990
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.V.M.

Overview

What does V.V.M. 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