ACTIVE

V.T.S. INVESTMENT

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Financial year 2025 · closed on 30/06/2025

Net result

204,2 k €

-33.1% YoY

Gross margin

40,8 k €

-13.6% YoY

Equity

3,0 M €

+7.4% YoY

Workforce

0,0 ETP

What does V.T.S. INVESTMENT do?

V.T.S. INVESTMENT is a Public limited company incorporated in 1990. Its main activity is: Other business support service activities n.e.c.. Its registered office is in Vilvoorde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.556.461

Incorporation

19/12/1990

Legal form

Public limited company

Registered office

Leuvensesteenweg 248 box B
1800 Vilvoorde · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

30/06/2025

Average workforce

0,0 ETP

Activities (NACE)

82990Other business support service activities n.e.c.· main 82990Other business support service activities n.e.c.64200Activities of holding companies 64210Activities of holding companies

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	40,8 k €	-13.6%	47,2 k €	-21.7%	60,3 k €	+194%	20,5 k €	-54.6%	45,2 k €	-84.0%	282,8 k €	+93.7%	146,0 k €	+220%	45,6 k €	-97.6%	1,9 M €	+1250%	141,5 k €	-79.0%	673,5 k €	+119%	307,6 k €	-37.6%	492,8 k €	+61.2%	305,7 k €	+89.4%	161,4 k €	+63.2%	98,9 k €	-39.1%	162,3 k €	+1780%	-9,7 k €	-105%	208,8 k €	-14.2%	243,3 k €
EBITDA	37,4 k €	-16.7%	44,8 k €	+107%	-653,9 k €	-104%	-321,1 k €	+34.2%	-488,1 k €	-696%	81,8 k €	+46.5%	55,8 k €	+31.0%	42,6 k €	-77.1%	186,2 k €	+2247%	7,9 k €	-98.8%	639,0 k €	+131%	276,8 k €	-40.6%	465,7 k €	+117%	214,2 k €	+35.9%	157,6 k €	+68.4%	93,6 k €	-41.4%	159,7 k €	+1329%	-13,0 k €	-106%	206,6 k €	-14.1%	240,5 k €
Operating result	6,5 k €	-53.4%	14,0 k €	+102%	-671,5 k €	-104%	-329,3 k €	+34.7%	-504,5 k €	-320%	-120,2 k €	-471%	32,4 k €	+69.0%	19,2 k €	-86.9%	146,5 k €	+399%	-49,0 k €	-109%	569,4 k €	+151%	226,8 k €	-40.5%	381,0 k €	+110%	181,5 k €	+45.3%	124,9 k €	+104%	61,2 k €	+1634%	-4,0 k €	+94.2%	-68,6 k €	-206%	64,6 k €	-70.9%	221,6 k €
Net result	204,2 k €	-33.1%	305,2 k €	+157%	-534,4 k €	-219%	-167,7 k €	+25.8%	-225,9 k €	-333%	96,8 k €	-65.6%	281,4 k €	+23.6%	227,6 k €	-2.0%	232,3 k €	+146%	94,4 k €	-83.6%	575,6 k €	+160%	221,4 k €	-50.7%	449,0 k €	+175%	163,4 k €	-42.9%	286,0 k €	+15.3%	248,0 k €	+10.0%	225,4 k €	+46.4%	154,0 k €	-33.1%	230,3 k €	-75.3%	931,8 k €
Balance sheet
Equity	3,0 M €	+7.4%	2,8 M €	-1.7%	2,8 M €	-15.9%	3,4 M €	-46.5%	6,3 M €	-3.5%	6,5 M €	+1.5%	6,4 M €	+0.1%	6,4 M €	+0.3%	6,4 M €	+0.9%	6,3 M €	+1.5%	6,2 M €	+2.0%	6,1 M €	+2.9%	5,9 M €	+2.6%	5,8 M €	+3.0%	5,6 M €	+4.0%	5,4 M €	+4.8%	5,1 M €	+4.6%	4,9 M €	+3.2%	4,8 M €	+5.1%	4,5 M €
Total assets	10,9 M €	+16.2%	9,3 M €	-1.8%	9,5 M €	+1.6%	9,4 M €	-18.6%	11,5 M €	+5.2%	10,9 M €	+2.0%	10,7 M €	-6.2%	11,4 M €	+5.3%	10,8 M €	+12.7%	9,6 M €	+17.2%	8,2 M €	+4.4%	7,9 M €	-1.5%	8,0 M €	+9.6%	7,3 M €	-1.7%	7,4 M €	+3.3%	7,2 M €	+2.4%	7,0 M €	-4.5%	7,3 M €	+8.1%	6,8 M €	+15.1%	5,9 M €
Cash	34,1 k €	+130%	14,8 k €	+35.6%	10,9 k €	-48.1%	21,1 k €	+304%	5,2 k €	-90.1%	52,5 k €	+376%	11,0 k €		–		–		12,3 k €		–		–		–		–		–		–		20,0 k €	+187%	7,0 k €	-15.2%	8,2 k €	+6.5%	7,7 k €
Debts	7,9 M €	+20.0%	6,6 M €	-1.8%	6,7 M €	+11.5%	6,0 M €	+15.0%	5,2 M €	+20.0%	4,3 M €	+5.3%	4,1 M €	-17.5%	5,0 M €	+12.4%	4,4 M €	+36.1%	3,3 M €	+68.1%	1,9 M €	+12.6%	1,7 M €	-14.6%	2,0 M €	+37.7%	1,5 M €	-16.5%	1,8 M €	+1.5%	1,7 M €	-4.5%	1,8 M €	-23.4%	2,4 M €	+20.2%	2,0 M €	+50.2%	1,3 M €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

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 30/06/2025 · 4 active · 41 ended

Active mandates

CROOBEX CONSTRUCTIES

Director · since 03 avril 2015 · 0886.088.268

Represented by Croonen STAN

Active

ASGARD INVEST

Director · since 18 mars 2014 · 0884.983.656

Represented by Croonen Hanne

Active

MCH

Director · since 01 août 2013 · 0877.379.252

Represented by Croonen MICHEL

Active

SHS HOLDING

Director · since 25 septembre 2008 · 0893.125.916

Represented by Croonen Seppe

Active

Ended mandates

CROOBEX CONSTRUCTIES

Director · since 03 avril 2015 · 0886.088.268

Represented by BVBA MCH

Ended

CROOBEX CONSTRUCTIES

Director · since 03 avril 2015 · 0886.088.268

Represented by Croonen STAN

Ended

ASGARD INVEST

Director · since 18 mars 2014 · 0884.983.656

Represented by Michel Croonen

Ended

ASGARD INVEST

Director · since 18 mars 2014 · 0884.983.656

Represented by Croonen Hanne

Ended

At this address

Other companies at this address

Company	CBE no.
AKZO NOBEL PAINTS BELGIUM● Active	0405.746.050
BUILDING STONE● Active	0882.708.413
Creative Video Productions Belgium● Active	0764.848.166
CULLERA● Active	0647.571.109
DigiNet● Active	0458.002.128
DIGINET HOLDING● Active	0704.607.307
LIVEPOWER● Active	0677.431.073
MCH● Active	0877.379.252
SHS HOLDING● Active	0893.125.916

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	01/07/2024	01/07/2023	01/07/2022	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	6 months	12 months	12 months
Filing date	30/01/2026	31/01/2025	31/01/2024	07/02/2023	22/08/2022	30/07/2021
General meeting	31/12/2025	31/12/2024	31/12/2023	31/12/2022	30/06/2022	30/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	31/12/2025	30/01/2026	Dutch	PDF
Abridged model	30/06/2024	31/12/2024	31/01/2025	Dutch	PDF
Abridged model	30/06/2023	31/12/2023	31/01/2024	Dutch	PDF
Abridged modelCorrection	30/06/2022	31/12/2022	07/02/2023	Dutch	PDF
Abridged model	30/06/2022	31/12/2022	31/01/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	22/08/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	30/07/2021	Dutch	PDF
Abridged model	31/12/2019	31/07/2020	19/08/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	27/06/2018	26/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	03/03/2016	24/08/2016	Dutch	PDF
Abridged model	31/12/2014	20/03/2015	18/06/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	12/07/2013	20/08/2013	Dutch	PDF
Abridged model	31/12/2011	23/03/2012	08/08/2012	Dutch	PDF
Abridged model	31/12/2010	24/08/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	30/07/2010	09/08/2010	Dutch	PDF
Abridged model	31/12/2008	31/07/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	29/07/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	31/07/2007	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 30/06/2025 · 4 active · 41 ended

Active mandates

CROOBEX CONSTRUCTIES

Director · since 03 avril 2015 · 0886.088.268

Represented by Croonen STAN

Active

ASGARD INVEST

Director · since 18 mars 2014 · 0884.983.656

Represented by Croonen Hanne

Active

MCH

Director · since 01 août 2013 · 0877.379.252

Represented by Croonen MICHEL

Active

SHS HOLDING

Director · since 25 septembre 2008 · 0893.125.916

Represented by Croonen Seppe

Active

Ended mandates

CROOBEX CONSTRUCTIES

Director · since 03 avril 2015 · 0886.088.268

Represented by BVBA MCH

Ended

CROOBEX CONSTRUCTIES

Director · since 03 avril 2015 · 0886.088.268

Represented by Croonen STAN

Ended

ASGARD INVEST

Director · since 18 mars 2014 · 0884.983.656

Represented by Michel Croonen

Ended

ASGARD INVEST

Director · since 18 mars 2014 · 0884.983.656

Represented by Croonen Hanne

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office15/06/2026
MAATSCHAPPELIJKE ZETEL
PDF
Other12/07/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates29/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/03/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/05/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/07/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/04/2014
ONTSLAGEN - BENOEMINGEN
PDF
Other02/06/2009
Verbeterende akte
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 2025204,2 k €↓
2024
Annual accounts 2024305,2 k €↑
2023
Annual accounts 2023-534,4 k €↓
2022
Annual accounts 2022-167,7 k €↑
2022
Name changeVTS Investment
2021
Annual accounts 2021-225,9 k €↓
2021
Name changeV.T.S. INVESTMENT
2020
Annual accounts 202096,8 k €↓
2019
Annual accounts 2019281,4 k €↑
2018
Annual accounts 2018227,6 k €↓
2017
Annual accounts 2017232,3 k €↑
2016
Annual accounts 201694,4 k €↓
2015
Annual accounts 2015575,6 k €↑
2014
Annual accounts 2014221,4 k €↓
2013
Annual accounts 2013449,0 k €↑
2012
Annual accounts 2012163,4 k €↓
2011
Annual accounts 2011286,0 k €↑
2010
Annual accounts 2010248,0 k €↑
2009
Annual accounts 2009225,4 k €↑
2008
Annual accounts 2008154,0 k €↓
2007
Annual accounts 2007230,3 k €↓
2006
Annual accounts 2006931,8 k €
19/12/1990
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.T.S. INVESTMENT

Overview

What does V.T.S. INVESTMENT do?

Trend over 20 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