ACTIVE

VERANCO

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Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

+99.1% YoY

Revenue

11,2 M €

-9.2% YoY

Equity

948,8 k €

+166.7% YoY

Workforce

52,9 ETP

-12.7% YoY

What does VERANCO do?

VERANCO is a Public limited company incorporated in 1990. Its registered office is in Sint-Niklaas. It employs on average 52,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.826.279

Incorporation

20/12/1990

Legal form

Public limited company

Registered office

Europark-Zuid 16
9100 Sint-Niklaas · FlandreSee on map

Contributed capital

99 157,41 €

Latest accounts

31/12/2025

Average workforce

52,9 ETP

Joint committees (4)

111
11101
209
20900

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	11,2 M €	-9.2%	12,4 M €	-24.0%	16,3 M €	+1.3%	16,1 M €	+26.5%	12,7 M €	+5.4%	12 M €	+8.9%	11,1 M €	+3.0%	10,7 M €	-1.3%	10,9 M €	+5.1%	10,4 M €	-14.0%	12 M €	-8.9%	13,2 M €	-3.6%	13,7 M €	+15.1%	11,9 M €	-8.4%	13 M €	-40.7%	21,9 M €	+41.1%	15,5 M €	+4.1%	14,9 M €
EBITDA	1,7 M €	+21.0%	1,4 M €	-0.5%	1,4 M €	+42.8%	1 M €	+50.9%	672,5 k €	+15.7%	581,3 k €	+805%	64,2 k €	-74.4%	251,2 k €	+1868%	-14,2 k €	-104%	362,1 k €	-54.2%	790,1 k €	-23.2%	1 M €	-27.1%	1,4 M €	+93.4%	729,2 k €	-29.5%	1 M €	-54.2%	2,3 M €	+56.1%	1,4 M €	+42.3%	1 M €
Operating result	1,3 M €	+83.9%	685,3 k €	+7.8%	635,5 k €	+7.2%	592,9 k €	+61.4%	367,3 k €	+986%	33,8 k €	+257%	-21,6 k €	+87.8%	-176,8 k €	+26.8%	-241,6 k €	-241%	171,9 k €	-60.5%	435,7 k €	-37.7%	699,7 k €	-37.9%	1,1 M €	+172%	413,8 k €	-42.4%	718,6 k €	-61.9%	1,9 M €	+61.9%	1,2 M €	+51.1%	771,9 k €
Net result	1,1 M €	+99.1%	549 k €	+7.9%	509 k €	-39.1%	836 k €	+107%	404,7 k €	+76.6%	229,2 k €	+248%	-154,8 k €	-25.1%	-123,7 k €	-4.1%	-118,9 k €	-194%	126,6 k €	-62.2%	334,6 k €	-31.1%	485,6 k €	-52.1%	1 M €	+276%	269,7 k €	+17.6%	229,4 k €	-87.2%	1,8 M €	+152%	708,8 k €	+17.1%	605,1 k €
Balance sheet
Equity	948,8 k €	+167%	355,7 k €	-48.4%	688,8 k €	-42.3%	1,2 M €	-43.8%	2,1 M €	+32.4%	1,6 M €	+15.4%	1,4 M €	-10.9%	1,6 M €	-8.2%	1,7 M €	-7.3%	1,8 M €	+6.5%	1,7 M €	+22.8%	1,4 M €	-51.8%	2,9 M €	+52.4%	1,9 M €	+15.5%	1,6 M €	-51.1%	3,4 M €	+67.4%	2 M €	-16.2%	2,4 M €
Total assets	4,9 M €	-9.7%	5,4 M €	-21.7%	6,9 M €	-18.2%	8,4 M €	-19.5%	10,4 M €	+24.9%	8,4 M €	-7.2%	9 M €	+10.2%	8,2 M €	+7.4%	7,6 M €	+2.0%	7,5 M €	-6.3%	8 M €	-6.9%	8,5 M €	-20.8%	10,8 M €	+11.1%	9,7 M €	-2.9%	10 M €	+0.6%	9,9 M €	+21.0%	8,2 M €	-1.9%	8,4 M €
Cash	417 k €	-23.2%	543 k €	-24.4%	718,1 k €	-5.2%	757,8 k €	+82.0%	416,4 k €	-33.4%	624,8 k €	-35.5%	969 k €	+8.0%	897,4 k €	+352%	198,4 k €	-46.3%	369,4 k €	+44.7%	255,3 k €	-52.3%	535 k €	-75.7%	2,2 M €	+0.5%	2,2 M €	+5.3%	2,1 M €	-2.4%	2,1 M €	-37.0%	3,4 M €	+54.4%	2,2 M €
Debts	2,5 M €	-30.6%	3,6 M €	-24.6%	4,7 M €	-18.5%	5,8 M €	-17.0%	7 M €	+35.6%	5,1 M €	-9.4%	5,7 M €	+23.4%	4,6 M €	+20.5%	3,8 M €	+1.1%	3,8 M €	-10.7%	4,2 M €	-18.6%	5,2 M €	-11.9%	5,9 M €	+1.7%	5,8 M €	-10.0%	6,5 M €	+50.5%	4,3 M €	+12.2%	3,8 M €	-3.3%	3,9 M €
Other
Workforce	52,9 ETP	-12.7%	60,6 ETP	-20.5%	76,2 ETP	+5.4%	72,3 ETP	+4.6%	69,1 ETP	-0.4%	69,4 ETP	+6.0%	65,5 ETP	-3.0%	67,5 ETP	+1.8%	66,3 ETP	-7.1%	71,4 ETP	-7.4%	77,1 ETP	-5.0%	81,2 ETP	+6.3%	76,4 ETP	-1.4%	77,5 ETP	-3.5%	80,3 ETP	-7.1%	86,4 ETP	-4.1%	90,1 ETP	-5.7%	95,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 25 ended

Active mandates

Cartagena de Indias

Director · 0822.862.183

Represented by Nicolas Libbrecht

Active

Ended mandates

DKS

Director · since 20 juillet 2020 · until 16 décembre 2022 · 0744.956.040

Represented by Stefaan De Kegel

Ended

DKS

Director · since 20 juillet 2020 · until 12 mai 2026 · 0744.956.040

Represented by Stefaan De Kegel

Ended

Nicolas Libbrecht

Managing director · since 09 mai 2017 · until 16 décembre 2022

Ended

Nicolas Libbrecht

Managing director · since 09 mai 2017 · until 09 mai 2023

Ended

At this address

Other companies at this address

Company	CBE no.
VERANCOBEL● Active	0542.720.641
VERANCO VAT GROUP● Active	0542.403.016

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	13/07/2026	01/07/2025	25/07/2024	18/07/2023	29/07/2022	31/08/2021
General meeting	15/06/2026	27/06/2025	28/06/2024	22/06/2023	30/06/2022	26/08/2021
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
Full model	31/12/2025	15/06/2026	13/07/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	01/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	25/07/2024	Dutch	PDF
Full model	31/12/2022	22/06/2023	18/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	29/07/2022	Dutch	PDF
Full model	31/12/2020	26/08/2021	31/08/2021	Dutch	PDF
Full model	31/12/2019	20/07/2020	27/08/2020	Dutch	PDF
Full model	31/12/2018	08/10/2019	30/10/2019	Dutch	PDF
Full model	31/12/2017	24/08/2018	30/08/2018	Dutch	PDF
Full model	31/12/2016	28/07/2017	31/08/2017	Dutch	PDF
Full model	31/12/2015	31/07/2016	31/08/2016	Dutch	PDF
Full model	31/12/2014	17/07/2015	31/08/2015	Dutch	PDF
Full model	31/12/2013	13/06/2014	29/07/2014	Dutch	PDF
Full model	31/12/2012	14/05/2013	19/06/2013	Dutch	PDF
Full model	31/12/2011	27/08/2012	31/08/2012	Dutch	PDF
Full model	31/12/2010	26/08/2011	31/08/2011	Dutch	PDF
Full model	31/12/2009	11/05/2010	31/08/2010	Dutch	PDF
Full model	30/06/2008	14/10/2008	12/01/2009	Dutch	PDF
Full model	30/06/2007	09/10/2007	21/01/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2025 · 1 active · 25 ended

Active mandates

Cartagena de Indias

Director · 0822.862.183

Represented by Nicolas Libbrecht

Active

Ended mandates

DKS

Director · since 20 juillet 2020 · until 16 décembre 2022 · 0744.956.040

Represented by Stefaan De Kegel

Ended

DKS

Director · since 20 juillet 2020 · until 12 mai 2026 · 0744.956.040

Represented by Stefaan De Kegel

Ended

Nicolas Libbrecht

Managing director · since 09 mai 2017 · until 16 décembre 2022

Ended

Nicolas Libbrecht

Managing director · since 09 mai 2017 · until 09 mai 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/01/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares31/12/2013
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates29/07/2013
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/04/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/10/2011
ONTSLAGEN - BENOEMINGEN
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 20251,1 M €↑
2024
Annual accounts 2024549 k €↑
2023
Annual accounts 2023509 k €↓
2022
Annual accounts 2022836 k €↑
2021
Annual accounts 2021404,7 k €↑
2019
Annual accounts 2019229,2 k €↑
2018
Annual accounts 2018-154,8 k €↓
2017
Annual accounts 2017-123,7 k €↓
2016
Annual accounts 2016-118,9 k €↓
2015
Annual accounts 2015126,6 k €↓
2014
Annual accounts 2014334,6 k €↓
2013
Annual accounts 2013485,6 k €↓
2012
Annual accounts 20121 M €↑
2011
Annual accounts 2011269,7 k €↑
2010
Annual accounts 2010229,4 k €↓
2009
Annual accounts 20091,8 M €↑
2008
Annual accounts 2008708,8 k €↑
2007
Annual accounts 2007605,1 k €
20/12/1990
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

VERANCO

Overview

What does VERANCO 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