ACTIVE

VAGUES

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Financial year 2025 · closed on 31/12/2025

Net result

2,7 k €

+116.9% YoY

Gross margin

20,1 k €

+404.7% YoY

Equity

86,6 k €

+3.2% YoY

What does VAGUES do?

VAGUES is a Private limited company incorporated in 1990. Its main activity is: Wholesale of textiles. Its registered office is in Harelbeke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.500.340

Incorporation

28/12/1990

Legal form

Private limited company

Registered office

Marktstraat 21
8530 Harelbeke · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Activities (NACE)

46412Wholesale of textiles· main 46412Wholesale of textiles 51410Air transport

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	20,1 k €	+405%	4 k €	-86.2%	28,8 k €	-49.6%	57,2 k €	+8.0%	52,9 k €	+209%	17,1 k €	-29.7%	24,3 k €	-17.1%	29,4 k €	+24.0%	23,7 k €	+31.1%	18,1 k €	-0.4%	18,1 k €	-20.4%	22,8 k €	-4.5%	23,8 k €	+40.1%	17 k €	-13.6%	19,7 k €	+45.9%	13,5 k €	+79.6%	7,5 k €	-6.9%	8,1 k €	-27.5%	11,1 k €
EBITDA	19,1 k €	+588%	2,8 k €	-89.6%	26,9 k €	-52.5%	56,6 k €	+8.1%	52,4 k €	+618%	7,3 k €	-48.1%	14 k €	-26.7%	19,2 k €	+41.3%	13,6 k €	+13.9%	11,9 k €	-3.3%	12,3 k €	-24.8%	16,4 k €	+93.6%	8,5 k €	+171%	3,1 k €	-42.1%	5,4 k €	+953%	513 €	-49.1%	1 k €	-25.0%	1,3 k €	-72.2%	4,8 k €
Operating result	3,2 k €	+124%	-13,2 k €	-256%	8,4 k €	-83.2%	50,4 k €	-3.4%	52,1 k €	+10870%	-484,1 €	-108%	6,3 k €	-45.0%	11,4 k €	+96.8%	5,8 k €	+39.9%	4,1 k €	-30.2%	5,9 k €	-32.0%	8,7 k €	+1487%	550 €	+111%	-5,2 k €	-78.0%	-2,9 k €	+46.2%	-5,4 k €	-48.8%	-3,6 k €	-31.5%	-2,8 k €	-482%	723 €
Net result	2,7 k €	+117%	-15,9 k €	-358%	6,1 k €	-82.3%	34,6 k €	-9.2%	38,2 k €	+1664%	2,2 k €	-49.6%	4,3 k €	-47.5%	8,2 k €	+155%	3,2 k €	+11.7%	2,9 k €	+9.9%	2,6 k €	-59.5%	6,4 k €	+709%	-1,1 k €	+85.2%	-7,1 k €	-53.8%	-4,6 k €	+30.0%	-6,6 k €	-43.4%	-4,6 k €	-22.4%	-3,8 k €	-6182%	-60 €
Balance sheet
Equity	86,6 k €	+3.2%	83,9 k €	-15.9%	99,8 k €	+5.6%	94,5 k €	+55.8%	60,6 k €	+40.1%	43,3 k €	+5.3%	41,1 k €	+11.6%	36,8 k €	+28.5%	28,7 k €	+19.5%	24 k €	+6.2%	22,6 k €	+13.0%	20 k €	+47.4%	13,6 k €	-7.2%	14,6 k €	+739%	1,7 k €	-72.7%	6,4 k €	-50.9%	13 k €	-26.2%	17,6 k €	-17.6%	21,4 k €
Total assets	94,3 k €	-1.0%	95,2 k €	-15.2%	112,4 k €	+6.2%	105,8 k €	+60.9%	65,7 k €	+12.8%	58,3 k €	-4.3%	60,9 k €	-4.2%	63,6 k €	-4.6%	66,6 k €	-1.6%	67,7 k €	+83.6%	36,8 k €	-20.8%	46,5 k €	-8.6%	50,9 k €	-12.0%	57,9 k €	+28.3%	45,1 k €	-27.6%	62,3 k €	+111%	29,5 k €	-9.5%	32,6 k €	-6.0%	34,6 k €
Cash	25,6 k €	+5.7%	24,2 k €	-67.7%	75,1 k €	+63.2%	46,1 k €	-24.8%	61,2 k €	+282%	16 k €	+19.7%	13,4 k €	+97.3%	6,8 k €	+172%	2,5 k €	+1341%	173 €	-89.9%	1,7 k €	+2608%	63 €	+37.0%	46 €	-43.2%	81 €	-82.2%	454 €	-54.9%	1 k €	-21.3%	1,3 k €	+23.7%	1 k €	+39.5%	741 €
Debts	7,7 k €	-32.1%	11,3 k €	-10.2%	12,6 k €	+11.3%	11,3 k €	+122%	5,1 k €	-65.6%	14,8 k €	-25.2%	19,8 k €	-26.0%	26,7 k €	-29.6%	37,9 k €	-11.8%	43 k €	+202%	14,2 k €	-46.4%	26,5 k €	-28.9%	37,4 k €	-13.6%	43,3 k €	-0.2%	43,4 k €	-22.4%	55,9 k €	+239%	16,5 k €	+10.1%	15 k €	+12.9%	13,3 k €

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 · 1 active · 3 ended

Active mandates

Johan Dewerchin

Director

Active

Ended mandates

DEWERCHIN 1 Natuurlijk persoon

Manager

Ended

JO DEWERCHIN

Director

Ended

JO DEWERCHIN

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	28/08/2026	26/09/2025	24/09/2024	27/11/2023	30/08/2022	27/09/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	06/06/2022	07/06/2021
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
Micro model	31/12/2025	01/06/2026	28/08/2026	Dutch	PDF
Micro model	31/12/2024	02/06/2025	26/09/2025	Dutch	PDF
Micro model	31/12/2023	03/06/2024	24/09/2024	Dutch	PDF
Micro model	31/12/2022	05/06/2023	27/11/2023	Dutch	PDF
Micro model	31/12/2021	06/06/2022	30/08/2022	Dutch	PDF
Micro model	31/12/2020	07/06/2021	27/09/2021	Dutch	PDF
Micro model	31/12/2019	10/08/2020	16/09/2020	Dutch	PDF
Micro model	31/12/2018	03/06/2019	22/08/2019	Dutch	PDF
Micro model	31/12/2017	04/06/2018	22/06/2018	Dutch	PDF
Micro model	31/12/2016	05/06/2017	21/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	16/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	06/07/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	25/08/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	18/09/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	21/08/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	29/07/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	18/08/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	02/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	03/07/2008	Dutch	PDF
Abridged model	30/12/2006	29/03/2007	30/03/2007	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 · 1 active · 3 ended

Active mandates

Johan Dewerchin

Director

Active

Ended mandates

DEWERCHIN 1 Natuurlijk persoon

Manager

Ended

JO DEWERCHIN

Director

Ended

JO DEWERCHIN

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Registered office26/08/2015
MAATSCHAPPELIJKE ZETEL
PDF
Registered office09/09/2014
MAATSCHAPPELIJKE ZETEL
PDF
Registered office06/12/2010
MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/04/2007
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/04/2007
KAPITAAL - AANDELEN
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 20252,7 k €↑
2024
Annual accounts 2024-15,9 k €↓
2023
Annual accounts 20236,1 k €↓
2022
Annual accounts 202234,6 k €↓
2021
Annual accounts 202138,2 k €↑
2020
Annual accounts 20202,2 k €↓
2019
Annual accounts 20194,3 k €↓
2018
Annual accounts 20188,2 k €↑
2017
Annual accounts 20173,2 k €↑
2016
Annual accounts 20162,9 k €↑
2015
Annual accounts 20152,6 k €↓
2014
Annual accounts 20146,4 k €↑
2013
Annual accounts 2013-1,1 k €↑
2012
Annual accounts 2012-7,1 k €↓
2011
Annual accounts 2011-4,6 k €↑
2010
Annual accounts 2010-6,6 k €↓
2009
Annual accounts 2009-4,6 k €↓
2008
Annual accounts 2008-3,8 k €↓
2007
Annual accounts 2007-60 €
28/12/1990
IncorporationPrivate 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

VAGUES

Overview

What does VAGUES do?

Trend over 19 financial years

Indicative valuation

Board of directors

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