NORMAL SITUATION

DB VASTGOED

Financial year 2025 · closed on 31/12/2025
Net result
74,7 k €
+26.3% YoY
Gross margin
166 k €
-1.0% YoY
Equity
1,1 M €
+7.1% YoY

Company — Normal situation.

Strike-off: 07 août 2026

What does DB VASTGOED do?

DB VASTGOED is a Public limited company incorporated in 1991.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0444.048.281
Incorporation
03/05/1991
Legal form
Public limited company
Contributed capital
70 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin166 k €167,8 k €157 k €137,2 k €134,2 k €130 k €131,1 k €127,7 k €124,4 k €96,7 k €93,4 k €97,6 k €97,6 k €94,1 k €91,3 k €86,4 k €79,2 k €144,8 k €114,7 k €73,9 k €
EBITDA152,4 k €154,5 k €145,9 k €127,2 k €123,3 k €120,3 k €122,4 k €119 k €116,1 k €88,4 k €84,9 k €89,2 k €89,3 k €86,1 k €79,6 k €77,7 k €70,8 k €134,5 k €107,3 k €66,7 k €
Operating result119,6 k €116,7 k €105,9 k €87,4 k €84,4 k €81,1 k €82,4 k €79,4 k €76,6 k €49,7 k €46,4 k €51,2 k €37,9 k €25,8 k €19,1 k €12 k €-29,7 k €79,4 k €8,2 k €32,6 k €
Net result74,7 k €59,2 k €55,4 k €48,7 k €43,7 k €64,4 k €19,5 k €-48,2 k €-17,7 k €37,8 k €31,8 k €-309,7 k €18,7 k €-1,2 k €-9,8 k €-8,4 k €-104,9 k €7,7 k €-22,2 k €-8,8 k €
Balance sheet
Equity1,1 M €1,1 M €994,6 k €939,2 k €890,6 k €846,8 k €782,5 k €763 k €811,2 k €828,9 k €791,2 k €759,4 k €1,1 M €1,1 M €1,1 M €1,1 M €1,1 M €1,2 M €1,2 M €1,2 M €
Total assets1,6 M €1,6 M €1,7 M €1,7 M €1,7 M €1,7 M €1,7 M €1,8 M €1,8 M €1,9 M €2 M €2 M €2,4 M €2,4 M €2,4 M €2,4 M €2,5 M €2,2 M €2,2 M €1,7 M €
Cash110,8 k €25,2 k €20,7 k €21 k €18 k €42,6 k €15,6 k €27,1 k €17,7 k €23,3 k €24,5 k €24,1 k €22,4 k €21,7 k €16,4 k €4 k €5,9 k €1 k €23 k €1 k €
Debts476,7 k €579 k €665,8 k €742,2 k €797,7 k €854,8 k €939,4 k €991,7 k €943,8 k €1,1 M €1,2 M €1,2 M €1,2 M €1,3 M €1,3 M €1,3 M €1,3 M €938 k €959,5 k €384,2 k €
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 11 ended

Active mandates

Alfonsius Van Aelst

Director · since 12 juin 2020 · until 11 juin 2026

Active

Ended mandates

Alfonsius Van Aelst

Director · since 27 avril 2019 · until 26 avril 2025

Ended
L.L. INVEST

Director · since 27 avril 2019 · until 26 avril 2025 · 0444.050.459

Represented by Alfonsius Van Aelst

Ended
Lucretia De Smet

Director · since 27 avril 2019 · until 26 avril 2025

Ended
Alfonsius Van Aelst

Director · since 02 mai 2013 · until 01 mai 2019

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date17/06/202620/08/202524/06/202429/08/202323/08/202228/10/2021
General meeting05/06/202606/06/202507/06/202402/06/202303/06/202204/06/2021
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

22 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/06/202617/06/2026DutchPDF
Abridged model31/12/202406/06/202520/08/2025DutchPDF
Abridged model31/12/202307/06/202424/06/2024DutchPDF
Abridged model31/12/202202/06/202329/08/2023DutchPDF
Abridged model31/12/202103/06/202223/08/2022DutchPDF
Abridged model31/12/202004/06/202128/10/2021DutchPDF
Abridged model31/12/202004/06/202110/08/2021DutchPDF
Abridged model31/12/201905/06/202031/08/2020DutchPDF
Abridged model31/12/201807/06/201928/08/2019DutchPDF
Abridged model31/12/201701/06/201830/08/2018DutchPDF
Abridged model31/12/201602/06/201709/06/2017DutchPDF
Abridged model31/12/201503/06/201628/07/2016DutchPDF
Abridged modelCorrection31/12/201405/06/201501/10/2015DutchPDF
Abridged model31/12/201405/06/201528/09/2015DutchPDF
Abridged model31/12/201306/06/201429/08/2014DutchPDF
Abridged model31/12/201207/06/201327/08/2013DutchPDF
Abridged model31/12/201101/06/201228/08/2012DutchPDF
Abridged model31/12/201003/06/201102/08/2011DutchPDF
Abridged model31/12/200904/06/201011/08/2010DutchPDF
Abridged model31/12/200830/06/200914/08/2009DutchPDF
Abridged model31/12/200706/06/200811/07/2008DutchPDF
Abridged model31/12/200601/06/200729/08/2007DutchPDF
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 31/12/2025 · 1 active · 11 ended

Active mandates

Alfonsius Van Aelst

Director · since 12 juin 2020 · until 11 juin 2026

Active

Ended mandates

Alfonsius Van Aelst

Director · since 27 avril 2019 · until 26 avril 2025

Ended
L.L. INVEST

Director · since 27 avril 2019 · until 26 avril 2025 · 0444.050.459

Represented by Alfonsius Van Aelst

Ended
Lucretia De Smet

Director · since 27 avril 2019 · until 26 avril 2025

Ended
Alfonsius Van Aelst

Director · since 02 mai 2013 · until 01 mai 2019

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring14/08/2026
    Fusie door overneming !
    PDF
  • Restructuring28/05/2026
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring05/09/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates18/06/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/10/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office29/12/2017
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates21/01/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/05/2007
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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 202574,7 k €
  2. 2024
    Annual accounts 202459,2 k €
  3. 2023
    Annual accounts 202355,4 k €
  4. 2022
    Annual accounts 202248,7 k €
  5. 2021
    Annual accounts 202143,7 k €
  6. 2020
    Annual accounts 202064,4 k €
  7. 2019
    Annual accounts 201919,5 k €
  8. 2018
    Annual accounts 2018-48,2 k €
  9. 2017
    Annual accounts 2017-17,7 k €
  10. 2016
    Annual accounts 201637,8 k €
  11. 2015
    Annual accounts 201531,8 k €
  12. 2014
    Annual accounts 2014-309,7 k €
  13. 2013
    Annual accounts 201318,7 k €
  14. 2012
    Annual accounts 2012-1,2 k €
  15. 2011
    Annual accounts 2011-9,8 k €
  16. 2010
    Annual accounts 2010-8,4 k €
  17. 2009
    Annual accounts 2009-104,9 k €
  18. 2008
    Annual accounts 20087,7 k €
  19. 2007
    Annual accounts 2007-22,2 k €
  20. 2006
    Annual accounts 2006-8,8 k €
  21. 03/05/1991
    IncorporationPublic limited company