ACTIVE

VETRABO

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Financial year 2025 · closed on 30/09/2025

Net result

467,6 k €

+80.3% YoY

Gross margin

3,3 M €

+64.8% YoY

Equity

536,7 k €

-46.0% YoY

Workforce

21,3 ETP

-2.3% YoY

What does VETRABO do?

VETRABO is a Public limited company incorporated in 1990. Its registered office is in Sint-Gillis-Waas. It employs on average 21,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.559.647

Incorporation

16/05/1990

Legal form

Public limited company

Registered office

Kluizenhof(SGW) 27
9170 Sint-Gillis-Waas · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

30/09/2025

Average workforce

21,3 ETP

Joint committees (4)

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	3,3 M €	+64.8%	2 M €	+1.4%	2 M €	-15.4%	2,4 M €	+16.4%	2 M €	+6.7%	1,9 M €	+18.7%	1,6 M €	-2.0%	1,6 M €	+15.4%	1,4 M €	+16.2%	1,2 M €	-17.0%	1,5 M €	-1.8%	1,5 M €	+9.6%	1,4 M €	+3.9%	1,3 M €	-2.5%	1,3 M €	+5.7%	1,3 M €	+25.4%	1 M €	-0.3%	1 M €	-25.7%	1,4 M €
EBITDA	845,8 k €	+67.8%	504,2 k €	+0.3%	502,5 k €	-21.7%	642 k €	-5.6%	680,1 k €	-13.9%	789,5 k €	+52.3%	518,4 k €	-13.1%	596,5 k €	+26.5%	471,6 k €	+95.0%	241,9 k €	-37.1%	384,8 k €	-2.2%	393,4 k €	+35.5%	290,3 k €	+28.4%	226,1 k €	-11.5%	255,6 k €	-29.1%	360,5 k €	+36.5%	264 k €	+51.9%	173,8 k €	+81.0%	96 k €
Operating result	683,6 k €	+93.4%	353,5 k €	+3.1%	343 k €	-30.2%	491,5 k €	+0.6%	488,5 k €	-20.9%	617,8 k €	+73.9%	355,3 k €	-15.9%	422,5 k €	+42.3%	296,9 k €	+167%	111,4 k €	-50.6%	225,7 k €	-4.2%	235,6 k €	+140%	98,3 k €	+389%	20,1 k €	-79.1%	96,4 k €	-49.3%	189,9 k €	+57.5%	120,6 k €	+183%	42,6 k €	+761%	-6,5 k €
Net result	467,6 k €	+80.3%	259,3 k €	+0.4%	258,3 k €	-33.8%	390,1 k €	+0.8%	386,9 k €	-15.0%	455,3 k €	+74.8%	260,5 k €	-7.7%	282,1 k €	+54.4%	182,7 k €	+150%	73,1 k €	-57.7%	172,5 k €	+11.1%	155,3 k €	+197%	52,3 k €	+119%	23,9 k €	-61.7%	62,3 k €	-20.7%	78,6 k €	+6.2%	74 k €	+128%	32,5 k €	+251%	-21,5 k €
Balance sheet
Equity	536,7 k €	-46.0%	994,1 k €	+35.3%	734,8 k €	-16.2%	876,5 k €	-48.0%	1,7 M €	+29.8%	1,3 M €	+22.1%	1,1 M €	-25.3%	1,4 M €	+10.2%	1,3 M €	+10.5%	1,2 M €	+6.6%	1,1 M €	+18.6%	924,2 k €	+3.8%	890,4 k €	+6.2%	838,3 k €	+2.9%	814,7 k €	+8.2%	752,7 k €	+11.6%	674,4 k €	+12.3%	600,7 k €	+5.7%	568,5 k €
Total assets	3,2 M €	-17.2%	3,9 M €	+9.0%	3,5 M €	+14.1%	3,1 M €	-17.6%	3,8 M €	+22.3%	3,1 M €	+3.0%	3 M €	-10.7%	3,3 M €	+2.6%	3,3 M €	+12.2%	2,9 M €	+29.8%	2,2 M €	+1.9%	2,2 M €	-3.4%	2,3 M €	+2.6%	2,2 M €	-3.7%	2,3 M €	+6.3%	2,2 M €	+7.6%	2 M €	+1.7%	2 M €	-0.1%	2 M €
Cash	24,6 k €	-33.1%	36,7 k €	-91.9%	453,7 k €	-22.6%	586 k €	+279%	154,5 k €	+386%	31,8 k €	+11.5%	28,5 k €	-65.5%	82,7 k €	+166%	31 k €	+132%	13,4 k €	-92.7%	182,8 k €	+4.1%	175,5 k €	+47.1%	119,3 k €	-12.1%	135,8 k €	+7.5%	126,2 k €	-59.4%	311,1 k €	+25.1%	248,8 k €	+61.4%	154,1 k €	+80.1%	85,6 k €
Debts	2,6 M €	-8.7%	2,8 M €	+1.9%	2,8 M €	+25.7%	2,2 M €	+7.2%	2,1 M €	+16.9%	1,8 M €	-7.7%	1,9 M €	+2.8%	1,9 M €	-2.3%	1,9 M €	+12.4%	1,7 M €	+50.7%	1,1 M €	-8.5%	1,2 M €	-8.9%	1,4 M €	+0.1%	1,4 M €	-8.0%	1,5 M €	+5.4%	1,4 M €	+5.7%	1,3 M €	-2.3%	1,3 M €	-2.5%	1,4 M €
Other
Workforce	21,3 ETP	-2.3%	21,8 ETP	-5.2%	23,0 ETP	-1.3%	23,3 ETP	-1.7%	23,7 ETP	+1.7%	23,3 ETP	-3.3%	24,1 ETP	+3.9%	23,2 ETP	+2.7%	22,6 ETP	-7.8%	24,5 ETP	-13.7%	28,4 ETP	-4.4%	29,7 ETP	-9.5%	32,8 ETP	+1.5%	32,3 ETP	+7.7%	30,0 ETP	+19.5%	25,1 ETP	+15.1%	21,8 ETP	-19.0%	26,9 ETP	-35.5%	41,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 4 active · 8 ended

Active mandates

Dominique Van Eetvelde

Director · since 30 juin 2021

Active

Jelle Van Eetvelde

Director · since 30 juin 2021

Active

Ronny Van Eetvelde

Director · since 30 juin 2021

Active

Tony Durinck

Director · since 30 juin 2021

Active

Ended mandates

ARMAND VAN EETVELDE

Manager · since 01 octobre 2006 · until 31 janvier 2007

Ended

Kenny Van Eetvelde

Administrator - manager

Ended

RONNY VAN EETVELDE

Director

Ended

RONNY VAN EETVELDE

Administrator - manager

Ended

At this address

Other companies at this address

Company	CBE no.
AW BUILD● Active	1038.888.212
IMMO VETRABO● Active	0861.654.463
INTRAVETRA● Active	0748.621.947

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/12/2025	07/02/2025	05/02/2024	25/01/2023	07/02/2022	04/02/2021
General meeting	15/12/2025	08/01/2025	08/01/2024	09/01/2023	10/01/2022	04/01/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	15/12/2025	18/12/2025	Dutch	PDF
Abridged model	30/09/2024	08/01/2025	07/02/2025	Dutch	PDF
Abridged model	30/09/2023	08/01/2024	05/02/2024	Dutch	PDF
Abridged model	30/09/2022	09/01/2023	25/01/2023	Dutch	PDF
Abridged model	30/09/2021	10/01/2022	07/02/2022	Dutch	PDF
Abridged model	30/09/2020	04/01/2021	04/02/2021	Dutch	PDF
Abridged model	30/09/2019	30/12/2019	28/01/2020	Dutch	PDF
Abridged model	30/09/2018	17/12/2018	11/01/2019	Dutch	PDF
Abridged model	30/09/2017	08/01/2018	23/01/2018	Dutch	PDF
Abridged model	30/09/2016	09/01/2017	02/02/2017	Dutch	PDF
Abridged model	30/09/2015	21/12/2015	22/12/2015	Dutch	PDF
Abridged model	30/09/2014	15/12/2014	06/01/2015	Dutch	PDF
Abridged model	30/09/2013	16/12/2013	07/01/2014	Dutch	PDF
Abridged model	30/09/2012	17/12/2012	21/12/2012	Dutch	PDF
Abridged model	30/09/2011	19/12/2011	11/01/2012	Dutch	PDF
Abridged model	30/09/2010	20/12/2010	12/01/2011	Dutch	PDF
Abridged model	30/09/2009	21/12/2009	07/01/2010	Dutch	PDF
Abridged model	30/09/2008	15/12/2008	19/12/2008	Dutch	PDF
Abridged model	30/09/2007	17/12/2007	19/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 30/09/2025 · 4 active · 8 ended

Active mandates

Dominique Van Eetvelde

Director · since 30 juin 2021

Active

Jelle Van Eetvelde

Director · since 30 juin 2021

Active

Ronny Van Eetvelde

Director · since 30 juin 2021

Active

Tony Durinck

Director · since 30 juin 2021

Active

Ended mandates

ARMAND VAN EETVELDE

Manager · since 01 octobre 2006 · until 31 janvier 2007

Ended

Kenny Van Eetvelde

Administrator - manager

Ended

RONNY VAN EETVELDE

Director

Ended

RONNY VAN EETVELDE

Administrator - manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/07/2021
WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/10/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Capital / shares19/09/2014
KAPITAAL - AANDELEN
PDF
Mandates03/05/2007
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/06/2004
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - 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 2025467,6 k €↑
2024
Annual accounts 2024259,3 k €↑
2023
Annual accounts 2023258,3 k €↓
2022
Annual accounts 2022390,1 k €↑
2021
Annual accounts 2021386,9 k €↓
2020
Annual accounts 2020455,3 k €↑
2019
Annual accounts 2019260,5 k €↓
2018
Annual accounts 2018282,1 k €↑
2017
Annual accounts 2017182,7 k €↑
2016
Annual accounts 201673,1 k €↓
2015
Annual accounts 2015172,5 k €↑
2014
Annual accounts 2014155,3 k €↑
2013
Annual accounts 201352,3 k €↑
2012
Annual accounts 201223,9 k €↓
2011
Annual accounts 201162,3 k €↓
2010
Annual accounts 201078,6 k €↑
2009
Annual accounts 200974 k €↑
2008
Annual accounts 200832,5 k €↑
2007
Annual accounts 2007-21,5 k €
16/05/1990
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

VETRABO

Overview

What does VETRABO do?

Trend over 19 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