ACTIVE

VERSCHINGEL

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Financial year 2025 · closed on 31/12/2025

Net result

123,5 k €

+11.3% YoY

Gross margin

126,1 k €

+61.1% YoY

Equity

1,8 M €

+7.4% YoY

What does VERSCHINGEL do?

VERSCHINGEL is a Public limited company incorporated in 1991. Its main activity is: Activities of holding companies. Its registered office is in Koekelare.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.949.402

Incorporation

17/04/1991

Legal form

Public limited company

Registered office

Brouwerijstraat 13
8680 Koekelare · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 66290Other activities auxiliary to insurance and pension funding 66290Other activities auxiliary to insurance and pension funding

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	126,1 k €	+61.1%	78,3 k €	+285%	20,4 k €	-96.5%	587,4 k €	+124%	262,2 k €	+21.3%	216,1 k €	+20.5%	179,4 k €	+7.7%	166,5 k €	+5.4%	157,9 k €	-18.5%	193,8 k €	+4.6%	185,4 k €	+21.2%	153 k €	-19.0%	188,9 k €	+5.6%	178,8 k €	+15.9%	154,3 k €	-10.9%	173,1 k €	+14.2%	151,6 k €	+11.0%	136,6 k €	+5.5%	129,5 k €	+28.3%	100,9 k €
EBITDA	124,3 k €	+63.3%	76,1 k €	+304%	18,8 k €	-96.8%	585,9 k €	+126%	259,6 k €	+21.6%	213,5 k €	+20.6%	177,1 k €	+7.8%	164,3 k €	+5.5%	155,7 k €	-1.5%	158,1 k €	+19.5%	132,3 k €	+32.4%	100 k €	-28.3%	139,4 k €	+10.2%	126,5 k €	+13.7%	111,2 k €	-23.0%	144,4 k €	+14.6%	126 k €	+1.9%	123,7 k €	-3.1%	127,6 k €	+28.8%	99,1 k €
Operating result	124 k €	+64.4%	75,5 k €	+315%	18,2 k €	-96.9%	585,2 k €	+128%	257,2 k €	+21.5%	211,6 k €	+24.8%	169,5 k €	+13.6%	149,2 k €	+10.4%	135,2 k €	-1.5%	137,2 k €	+38.1%	99,3 k €	+50.2%	66,1 k €	-37.9%	106,5 k €	+20.0%	88,7 k €	+27.0%	69,9 k €	-36.4%	109,9 k €	+15.5%	95,2 k €	+6.5%	89,4 k €	-8.0%	97,2 k €	+122%	43,8 k €
Net result	123,5 k €	+11.3%	111 k €	+109%	53,1 k €	-84.0%	332,1 k €	+62.3%	204,7 k €	+18.5%	172,7 k €	+34.9%	127,9 k €	+73.5%	73,7 k €	-25.4%	98,8 k €	-9.6%	109,3 k €	+166%	41,1 k €	-37.6%	65,8 k €	-42.2%	113,9 k €	+48.9%	76,5 k €	+225%	23,5 k €	-66.9%	71,1 k €	+0.3%	71 k €	+24.8%	56,9 k €	-19.4%	70,5 k €	+113%	33,1 k €
Balance sheet
Equity	1,8 M €	+7.4%	1,7 M €	+7.2%	1,5 M €	+3.5%	1,5 M €	-9.1%	1,6 M €	+14.2%	1,4 M €	+13.6%	1,3 M €	+11.2%	1,1 M €	+6.9%	1,1 M €	+10.2%	966,6 k €	+12.7%	857,3 k €	+5.0%	816,2 k €	+203%	269 k €	-62.3%	713 k €	+11.3%	640,6 k €	+3.1%	621 k €	+12.1%	553,9 k €	+13.8%	486,9 k €	+12.2%	434,1 k €	+18.1%	367,5 k €
Total assets	2,3 M €	+6.8%	2,1 M €	-3.9%	2,2 M €	+3.0%	2,1 M €	+17.1%	1,8 M €	+12.5%	1,6 M €	+12.4%	1,5 M €	+10.5%	1,3 M €	+6.3%	1,2 M €	+8.3%	1,1 M €	+10.6%	1 M €	+4.2%	988,9 k €	+0.8%	980,8 k €	+11.3%	881,5 k €	+10.7%	796,2 k €	+4.4%	762,4 k €	+10.2%	691,7 k €	+12.9%	612,4 k €	+12.6%	543,7 k €	+6.6%	510 k €
Cash	869 k €	+122%	391,1 k €	-1.8%	398,3 k €	-72.4%	1,4 M €	+20.8%	1,2 M €	+14.3%	1 M €	+15.1%	909,3 k €	+143%	374,8 k €	+41.0%	265,8 k €	+47.6%	180,1 k €	-52.3%	377,3 k €	-24.1%	497,5 k €	+0.6%	494,5 k €	+40.4%	352,2 k €	+175%	128,2 k €	-49.7%	254,7 k €	-45.1%	463,7 k €	+232%	139,6 k €	+22.4%	114,1 k €	-42.7%	199,1 k €
Debts	462,5 k €	+1.6%	455 k €	-29.5%	645,4 k €	-0.4%	647,7 k €	+248%	185,9 k €	-1.1%	188 k €	+4.2%	180,5 k €	+6.1%	170,2 k €	+2.8%	165,6 k €	-2.4%	169,7 k €	+0.1%	169,5 k €	+2.1%	166,1 k €	-76.4%	704,2 k €	+338%	160,9 k €	+4.2%	154,4 k €	+14.2%	135,2 k €	+3.1%	131,2 k €	+9.9%	119,3 k €	+15.1%	103,6 k €	-24.6%	137,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+100%	0,5 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 11 ended

Active mandates

Bert Verschingel

Director

Active

Marc Verschingel

Managing director

Active

Maria Viaene

Director

Active

Ended mandates

BERT VERSCHINGEL

Director · since 09 juillet 2012 · until 16 mai 2015

Ended

MARIA VIAENE

Director · since 09 juillet 2012 · until 16 mai 2015

Ended

GEORGES VERSCHINGEL

Director · since 16 mai 2009 · until 09 juillet 2012

Ended

GEORGES VERSCHINGEL

Director · since 16 mai 2009 · until 16 mai 2015

Ended

At this address

Other companies at this address

Company	CBE no.
VRIENDENKRING B.O. DE REGENBOOG KOEKELARE● Active	0473.438.489

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	23/06/2025	06/08/2024	30/08/2023	22/08/2022	20/08/2021
General meeting	16/05/2026	17/05/2025	18/05/2024	29/06/2023	29/06/2022	09/06/2021
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	16/05/2026	28/08/2026	Dutch	PDF
Micro model	31/12/2024	17/05/2025	23/06/2025	Dutch	PDF
Micro model	31/12/2023	18/05/2024	06/08/2024	Dutch	PDF
Micro model	31/12/2022	29/06/2023	30/08/2023	Dutch	PDF
Micro model	31/12/2021	29/06/2022	22/08/2022	Dutch	PDF
Micro model	31/12/2020	09/06/2021	20/08/2021	Dutch	PDF
Micro model	31/12/2019	10/06/2020	05/07/2020	Dutch	PDF
Micro model	31/12/2018	11/06/2019	13/08/2019	Dutch	PDF
Micro model	31/12/2017	12/06/2018	26/06/2018	Dutch	PDF
Micro model	31/12/2016	13/06/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	14/06/2016	28/06/2016	Dutch	PDF
Abridged model	31/12/2014	06/07/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	07/07/2014	24/07/2014	Dutch	PDF
Abridged model	31/12/2012	19/06/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	27/07/2012	03/08/2012	Dutch	PDF
Abridged model	31/12/2010	19/09/2011	04/10/2011	Dutch	PDF
Abridged model	31/12/2009	16/06/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	22/06/2009	13/07/2009	Dutch	PDF
Abridged model	31/12/2007	07/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	13/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 3 active · 11 ended

Active mandates

Bert Verschingel

Director

Active

Marc Verschingel

Managing director

Active

Maria Viaene

Director

Active

Ended mandates

BERT VERSCHINGEL

Director · since 09 juillet 2012 · until 16 mai 2015

Ended

MARIA VIAENE

Director · since 09 juillet 2012 · until 16 mai 2015

Ended

GEORGES VERSCHINGEL

Director · since 16 mai 2009 · until 09 juillet 2012

Ended

GEORGES VERSCHINGEL

Director · since 16 mai 2009 · until 16 mai 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/02/2014
KAPITAAL - AANDELEN
PDF
Mandates22/08/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other26/04/2010
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/07/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/06/2006
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 2025123,5 k €↑
2024
Annual accounts 2024111 k €↑
2023
Annual accounts 202353,1 k €↓
2022
Annual accounts 2022332,1 k €↑
2021
Annual accounts 2021204,7 k €↑
2020
Annual accounts 2020172,7 k €↑
2019
Annual accounts 2019127,9 k €↑
2018
Annual accounts 201873,7 k €↓
2017
Annual accounts 201798,8 k €↓
2016
Annual accounts 2016109,3 k €↑
2015
Annual accounts 201541,1 k €↓
2014
Annual accounts 201465,8 k €↓
2013
Annual accounts 2013113,9 k €↑
2012
Annual accounts 201276,5 k €↑
2011
Annual accounts 201123,5 k €↓
2010
Annual accounts 201071,1 k €↑
2009
Annual accounts 200971 k €↑
2008
Annual accounts 200856,9 k €↓
2007
Annual accounts 200770,5 k €↑
2006
Annual accounts 200633,1 k €
17/04/1991
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

VERSCHINGEL

Overview

What does VERSCHINGEL 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