ACTIVE

V.S.A.

Financial year 2025 · closed on 31/12/2025
Net result
-25,6 k €
-220.5% YoY
Gross margin
-12 k €
-147.2% YoY
Equity
-2,1 k €
-108.9% YoY

What does V.S.A. do?

V.S.A. is a Cooperative company with limited liability incorporated in 1991. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Bruxelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0443.013.252
Incorporation
17/01/1991
Legal form
Cooperative company with limited liability
Registered office
Boulevard de la Cambre 33 box 3
1000 Bruxelles · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Joint committees (1)
  • 218
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin-12 k €25,4 k €-577,7 €5,6 k €3,1 k €15,8 k €-9,4 k €18,1 k €60 k €15,1 k €25,8 k €23,6 k €-11,7 k €21,1 k €12,3 k €37,3 k €-13 k €-15,7 k €94,2 k €71,7 k €
EBITDA-20,1 k €24,6 k €-1,4 k €4,8 k €2,3 k €15 k €-10,4 k €17,3 k €59,2 k €14,4 k €24,8 k €22,4 k €-14,4 k €15,9 k €7,9 k €33,3 k €-16,9 k €-16,7 k €52,4 k €37,8 k €
Operating result-22,9 k €22,3 k €-1,7 k €4,6 k €2,1 k €15 k €-10,4 k €17,3 k €55,3 k €10,3 k €20,7 k €18,5 k €-18,3 k €15,7 k €7,5 k €32,9 k €-17,3 k €-44 k €25,2 k €10,7 k €
Net result-25,6 k €21,2 k €-2,5 k €-8,8 k €1,2 k €14,3 k €-11 k €17,4 k €54,4 k €8,4 k €18,2 k €15,9 k €-20,9 k €10,6 k €7,9 k €-17,7 k €-40,7 k €-68,3 k €-2,6 k €-14,6 k €
Balance sheet
Equity-2,1 k €23,5 k €2,3 k €4,8 k €13,6 k €12,4 k €-1,9 k €9,1 k €-8,3 k €-62,7 k €-71,1 k €-89,3 k €-105,2 k €-84,3 k €-94,7 k €-102,6 k €-84,9 k €-44,2 k €24,1 k €26,7 k €
Total assets19,6 k €92,4 k €68,7 k €28,7 k €56,8 k €68,3 k €59 k €86,2 k €97,2 k €46,6 k €63,2 k €64,9 k €67 k €81,4 k €67,4 k €79,4 k €358 k €284,4 k €373,1 k €389,9 k €
Cash4,9 k €67,8 k €55,9 k €14,3 k €24 k €41,9 k €31,8 k €56,9 k €66,7 k €10,4 k €27,2 k €27,2 k €26,9 k €35,4 k €9,6 k €10,2 k €314,1 k €2 €29 €54 €
Debts21,7 k €69 k €66,4 k €23,9 k €43,2 k €55,9 k €60,9 k €77,1 k €105,5 k €109,3 k €134,4 k €154,2 k €172,2 k €165,7 k €162,1 k €181,9 k €428,2 k €328,6 k €349 k €357,7 k €
Other
Workforce0,9 ETP1,1 ETP
Governance

Board of directors

Seen on filing of 31/12/2011 · 1 active · 1 ended

Active mandates

Annick VAN STEENBRUGGE

Director

Active

Ended mandates

Annick VAN STEENBRUGGE

Director · since 28 janvier 1991

Ended
At this address

Other companies at this address

CompanyCBE no.
AI FIDUCIAActive
0475.015.829
1006.047.574
AL SENSORIELActive
1002.812.526
1041.807.813
0674.753.378
AUTO TECHNICSActive
1018.620.754
BELLA RIOActive
1023.286.355
BellisimmoActive
0790.604.141
BI-LIMOUSINESActive
0798.733.929
B.L.R.Active
1025.030.870
0792.145.847
0667.537.370
0778.764.597
CLARADAActive
1030.536.512
0477.909.991
COSMIN GARDENActive
1010.349.228
DB GROUPActive
1018.085.373
0822.841.003
DSD CONCEPTActive
0545.863.045
1039.701.626
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelAbridged 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 date28/08/202630/08/202516/08/202431/08/202330/08/202230/08/2021
General meeting02/04/202603/04/202504/04/202406/04/202307/04/202201/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202502/04/202628/08/2026FrenchPDF
Micro model31/12/202403/04/202530/08/2025FrenchPDF
Micro model31/12/202304/04/202416/08/2024FrenchPDF
Micro model31/12/202206/04/202331/08/2023FrenchPDF
Micro model31/12/202107/04/202230/08/2022FrenchPDF
Abridged model31/12/202001/04/202130/08/2021FrenchPDF
Abridged model31/12/201902/04/202021/09/2020FrenchPDF
Abridged model31/12/201810/05/201909/08/2019FrenchPDF
Abridged model31/12/201711/05/201813/08/2018FrenchPDF
Abridged model31/12/201612/05/201729/08/2017FrenchPDF
Abridged model31/12/201513/05/201625/08/2016FrenchPDF
Abridged model31/12/201413/08/201519/08/2015FrenchPDF
Abridged model31/12/201313/08/201428/08/2014FrenchPDF
Abridged model31/12/201214/08/201330/09/2013FrenchPDF
Abridged model31/12/201114/06/201231/08/2012DutchPDF
Abridged model31/12/201014/06/201126/08/2011DutchPDF
Abridged model31/12/200914/06/201030/08/2010DutchPDF
Abridged model31/12/200814/09/200930/09/2009DutchPDF
Abridged model31/12/200714/06/200819/12/2008DutchPDF
Abridged model31/12/200614/06/200724/08/2007FrenchPDF
Estimate

Indicative valuation

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 31/12/2011 · 1 active · 1 ended

Active mandates

Annick VAN STEENBRUGGE

Director

Active

Ended mandates

Annick VAN STEENBRUGGE

Director · since 28 janvier 1991

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office24/02/2026
    SIEGE SOCIAL
    PDF
  • Registered office14/01/2016
    SIEGE SOCIAL
    PDF
  • Capital / shares15/09/2004
    ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    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

Timeline

  1. 2025
    Annual accounts 2025-25,6 k €
  2. 2024
    Annual accounts 202421,2 k €
  3. 2023
    Annual accounts 2023-2,5 k €
  4. 2022
    Annual accounts 2022-8,8 k €
  5. 2021
    Annual accounts 20211,2 k €
  6. 2020
    Annual accounts 202014,3 k €
  7. 2019
    Annual accounts 2019-11 k €
  8. 2018
    Annual accounts 201817,4 k €
  9. 2017
    Annual accounts 201754,4 k €
  10. 2016
    Annual accounts 20168,4 k €
  11. 2015
    Annual accounts 201518,2 k €
  12. 2014
    Annual accounts 201415,9 k €
  13. 2013
    Annual accounts 2013-20,9 k €
  14. 2012
    Annual accounts 201210,6 k €
  15. 2011
    Annual accounts 20117,9 k €
  16. 2010
    Annual accounts 2010-17,7 k €
  17. 2009
    Annual accounts 2009-40,7 k €
  18. 2008
    Annual accounts 2008-68,3 k €
  19. 2007
    Annual accounts 2007-2,6 k €
  20. 2006
    Annual accounts 2006-14,6 k €
  21. 17/01/1991
    IncorporationCooperative company with limited liability