ACTIVE

VLAAMSE AUDIOVISUELE REGIE

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Financial year 2025 · Closed on 31/12/2025

Net result4 M €+9,1 %over 1 year
Revenue107,9 M €-1,8 %over 1 year
Equity10,7 M €+15,6 %over 1 year
Workforce48,4 ETP+3,0 %over 1 year

Identity

Source · BCE/KBO

VLAAMSE AUDIOVISUELE REGIE is a Public limited company incorporated in 1990. Its main activity is: Advertising agencies. Its registered office is in Zaventem. It employs on average 48,4 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0441.331.984
Incorporation
10/08/1990
Legal form
Public limited company
Registered office
Tollaan 107 box a
1932 Zaventem · FlandreSee on map
Contributed capital
1 239 467,63 €
Latest accounts
31/12/2025
Average workforce
48,4 ETP
Joint committees (2)
  • 200
  • 218
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 22 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue107,9 M €109,8 M €98,6 M €96,3 M €97,3 M €
EBITDA5,1 M €7,3 M €5,7 M €5,7 M €9,1 M €
Operating result4,8 M €5,1 M €4,3 M €4,7 M €8,2 M €
Net result4 M €3,7 M €2,8 M €2,7 M €5,9 M €
Balance sheet
Equity10,7 M €9,2 M €8,1 M €13,1 M €19,7 M €
Total assets71,2 M €69,5 M €63,6 M €67,1 M €61,8 M €
Cash7,4 M €7,6 M €7,1 M €8,1 M €7,5 M €
Debts59,4 M €58,8 M €54,6 M €52,9 M €42,1 M €
Other
Workforce48,4 ETP47,0 ETP46,8 ETP48,4 ETP44,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 37 ended

Active mandates

An Caers

Director · since 13 mai 2024 · until 07 mai 2029

Active
De Vlaamse Radio- en Televisieomroeporganisatie

Director · since 08 mai 2023 · until 07 mai 2029 · 0244.142.664

Represented by Philippe Beinaerts

Active
Frederik Delaplace

Chairman of the board of directors · since 08 mai 2023 · until 07 mai 2029

Active

Ended mandates

Jacqueline Smit

Director · since 08 mai 2023 · until 25 mars 2024

Ended
Frederik Delaplace

Chairman of the board of directors · since 09 novembre 2020 · until 08 mai 2023

Ended
Frederik Delaplace

Chairman of the board of directors · since 22 septembre 2020 · until 08 mai 2023

Ended
Leo Hellemans

Chairman of the board of directors · since 20 janvier 2020

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/06/202621/05/202523/09/202405/06/202313/05/202225/11/2021
General meeting11/05/202612/05/202513/05/202408/05/202309/05/202210/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202511/05/202608/06/2026DutchPDF
Full model31/12/202412/05/202521/05/2025DutchPDF
Full modelCorrection31/12/202313/05/202423/09/2024DutchPDF
Full model31/12/202313/05/202407/06/2024DutchPDF
Full model31/12/202208/05/202305/06/2023DutchPDF
Full model31/12/202109/05/202213/05/2022DutchPDF
Full modelCorrection31/12/202010/05/202125/11/2021DutchPDF
Full model31/12/202010/05/202108/06/2021DutchPDF
Full model31/12/201911/05/202009/06/2020DutchPDF
Full model31/12/201805/06/201901/07/2019DutchPDF
Full model31/12/201706/06/201814/06/2018DutchPDF
Full model31/12/201607/06/201711/07/2017DutchPDF
Full model31/12/201501/06/201628/06/2016DutchPDF
Full model31/12/201403/06/201525/06/2015DutchPDF
Full model31/12/201304/06/201420/06/2014DutchPDF
Full model31/12/201205/06/201325/06/2013DutchPDF
Full model31/12/201106/06/201208/06/2012DutchPDF
Full model31/12/201001/06/201116/06/2011DutchPDF
Full model31/12/200902/06/201010/06/2010DutchPDF
Full model31/12/200803/06/200909/06/2009DutchPDF
Full model31/12/200704/06/200812/06/2008DutchPDF
Full model31/12/200606/06/200703/07/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 37 ended

Active mandates

An Caers

Director · since 13 mai 2024 · until 07 mai 2029

Active
De Vlaamse Radio- en Televisieomroeporganisatie

Director · since 08 mai 2023 · until 07 mai 2029 · 0244.142.664

Represented by Philippe Beinaerts

Active
Frederik Delaplace

Chairman of the board of directors · since 08 mai 2023 · until 07 mai 2029

Active

Ended mandates

Jacqueline Smit

Director · since 08 mai 2023 · until 25 mars 2024

Ended
Frederik Delaplace

Chairman of the board of directors · since 09 novembre 2020 · until 08 mai 2023

Ended
Frederik Delaplace

Chairman of the board of directors · since 22 septembre 2020 · until 08 mai 2023

Ended
Leo Hellemans

Chairman of the board of directors · since 20 janvier 2020

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates06/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other26/03/2024
    DIVERSEN
    PDF
  • Mandates18/01/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office28/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates21/09/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/11/2020
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20254 M €↑
  2. 16/12/2025
    nominationPhilippe Beirnaerts — vaste vertegenwoordiger voor de uitvoering van haar bestuursmandaat
  3. 23/04/2025
    nominationJoost Houtman — vaste vertegenwoordiger voor het bestuursmandaat
  4. 2024
    Annual accounts 20243,7 M €↑
  5. 13/05/2024
    nominationAn Caers — bestuurder
  6. 01/01/2024
    nominationAlex Thoré — dagelijks bestuurder
  7. 2023
    Annual accounts 20232,8 M €↑
  8. 08/05/2023
    reconductionFrederik Delaplace — bestuurder
  9. 08/05/2023
    reconductionPhilippe Beinaerts — vaste vertegenwoordiger voor de uitoefening van dit bestuurdersmandaat
  10. 08/05/2023
    reconductionJacqueline Smit — bestuurder
  11. 2022
    Annual accounts 20222,7 M €↓
  12. 01/07/2022
    nominationCallens, Pirenne, Theunissen & Co — commissaris
  13. 2021
    Annual accounts 20215,9 M €↑
  14. 2020
    Annual accounts 20201,9 M €↓
  15. 2019
    Annual accounts 20196,8 M €↑
  16. 2018
    Annual accounts 20185,6 M €↓
  17. 2017
    Annual accounts 20177,6 M €↑
  18. 2016
    Annual accounts 20166,8 M €↑
  19. 2015
    Annual accounts 20155,6 M €↓
  20. 2014
    Annual accounts 20146,3 M €↑
  21. 2013
    Annual accounts 20135,3 M €↑
  22. 2012
    Annual accounts 20124,8 M €↑
  23. 2011
    Annual accounts 20113,4 M €↑
  24. 2010
    Annual accounts 20101,7 M €↑
  25. 2009
    Annual accounts 2009-1,6 M €↓
  26. 2008
    Annual accounts 20083,6 k €↓
  27. 2007
    Annual accounts 20071,3 M €↓
  28. 2006
    Annual accounts 20062,8 M €
  29. 10/08/1990
    IncorporationPublic limited company