ACTIVE

NEW VEPELI

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Financial year 2025 · closed on 31/12/2025

Net result

8,8 M €

+0.9% YoY

Revenue

36,5 M €

-1.7% YoY

Equity

14,4 M €

+58.8% YoY

Workforce

19,5 ETP

-5.3% YoY

What does NEW VEPELI do?

NEW VEPELI is a Public limited company incorporated in 1991. Its registered office is in Mouscron. It employs on average 19,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.953.549

Incorporation

06/09/1991

Legal form

Public limited company

Registered office

Rue de l'Abattoir 32-34
7700 Mouscron · WallonieSee on map

Contributed capital

328 458,92 €

Latest accounts

31/12/2025

Average workforce

19,5 ETP

Joint committees (4)

118
118111
220
2200

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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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
Revenue	36,5 M €	-1.7%	37,1 M €	+4.7%	35,5 M €	+16.4%	30,5 M €	+15.6%	26,3 M €	+4.8%	25,1 M €	+5.9%	23,7 M €	+8.0%	22 M €	+6.6%	20,6 M €	+7.5%	19,2 M €	+3.3%	18,6 M €	+4.2%	17,8 M €	+14.8%	15,5 M €	+16.6%	13,3 M €	+19.3%	11,1 M €	+8.6%	10,3 M €	-0.4%	10,3 M €	+7.1%	9,6 M €	+16.8%	8,2 M €	+24.0%	6,6 M €
EBITDA	12,2 M €	+4.1%	11,7 M €	+5.1%	11,1 M €	+25.0%	8,9 M €	-0.3%	8,9 M €	+11.2%	8 M €	+28.5%	6,2 M €	-3.6%	6,5 M €	+19.0%	5,4 M €	+8.1%	5 M €	-21.3%	6,4 M €	+62.0%	3,9 M €	+67.3%	2,4 M €	+49.9%	1,6 M €	+21.5%	1,3 M €	+220%	-1,1 M €	-167%	1,6 M €	-2.5%	1,6 M €	-0.7%	1,7 M €	+29.5%	1,3 M €
Operating result	11,4 M €	+3.2%	11 M €	+4.1%	10,6 M €	+24.7%	8,5 M €	+2.3%	8,3 M €	+15.1%	7,2 M €	+35.7%	5,3 M €	-6.3%	5,7 M €	+25.6%	4,5 M €	+2.4%	4,4 M €	-24.5%	5,8 M €	+77.8%	3,3 M €	+89.6%	1,7 M €	+90.2%	911,6 k €	+63.3%	558,2 k €	+133%	-1,7 M €	-305%	817,2 k €	-5.0%	860 k €	+2.5%	838,7 k €	+51.5%	553,7 k €
Net result	8,8 M €	+0.9%	8,8 M €	+7.0%	8,2 M €	+28.0%	6,4 M €	+1.3%	6,3 M €	+15.5%	5,5 M €	+45.2%	3,8 M €	-6.7%	4 M €	+28.3%	3,1 M €	+4.7%	3 M €	-33.7%	4,5 M €	+83.5%	2,5 M €	+175%	897,1 k €	+145%	366,1 k €	-79.3%	1,8 M €	+312%	-833,1 k €	-250%	555,2 k €	+7.7%	515,5 k €	+0.3%	514 k €	+36.4%	376,9 k €
Balance sheet
Equity	14,4 M €	+58.8%	9,1 M €	-50.4%	18,3 M €	+4.0%	17,6 M €	+12.1%	15,7 M €	+13.1%	13,9 M €	-0.1%	13,9 M €	+2.0%	13,6 M €	+17.6%	11,6 M €	+37.6%	8,4 M €	+0.1%	8,4 M €	+6.8%	7,9 M €	+23.0%	6,4 M €	+16.3%	5,5 M €	+7.1%	5,1 M €	+52.2%	3,4 M €	-19.8%	4,2 M €	+15.2%	3,7 M €	+16.4%	3,1 M €	+19.6%	2,6 M €
Total assets	24,7 M €	-23.3%	32,2 M €	+3.7%	31 M €	+27.9%	24,2 M €	+12.9%	21,5 M €	+3.1%	20,8 M €	+2.3%	20,3 M €	+9.5%	18,6 M €	+30.3%	14,2 M €	-1.0%	14,4 M €	+6.8%	13,5 M €	+7.5%	12,5 M €	+25.3%	10 M €	+18.3%	8,5 M €	+11.2%	7,6 M €	+16.7%	6,5 M €	+15.3%	5,7 M €	+4.7%	5,4 M €	-7.6%	5,8 M €	+24.2%	4,7 M €
Cash	2,5 M €	+102%	1,2 M €	-50.2%	2,5 M €	-40.2%	4,1 M €	-33.5%	6,2 M €	-4.7%	6,5 M €	-32.6%	9,7 M €	+11.5%	8,7 M €	+170%	3,2 M €	-14.8%	3,8 M €	+18.3%	3,2 M €	+393%	647,1 k €	+47.2%	439,7 k €	+34.9%	326 k €	+1483%	20,6 k €	+598%	3 k €	-96.4%	82,1 k €	-9.5%	90,7 k €	+39.9%	64,8 k €	-1.1%	65,5 k €
Debts	9,9 M €	-56.7%	22,7 M €	+83.1%	12,4 M €	+88.4%	6,6 M €	+15.6%	5,7 M €	-16.8%	6,9 M €	+8.2%	6,3 M €	+31.6%	4,8 M €	+91.5%	2,5 M €	-56.5%	5,8 M €	+19.6%	4,8 M €	+74.1%	2,8 M €	+68.8%	1,6 M €	-4.5%	1,7 M €	-12.5%	2 M €	-24.2%	2,6 M €	+115%	1,2 M €	-18.5%	1,5 M €	-38.6%	2,4 M €	+37.1%	1,8 M €
Other
Workforce	19,5 ETP	-5.3%	20,6 ETP	+5.1%	19,6 ETP	+16.0%	16,9 ETP	+5.0%	16,1 ETP	-9.6%	17,8 ETP	0.0%	17,8 ETP	-2.2%	18,2 ETP	+2.8%	17,7 ETP	+9.3%	16,2 ETP	-0.6%	16,3 ETP	-7.4%	17,6 ETP	-13.3%	20,3 ETP	+7.4%	18,9 ETP	+0.5%	18,8 ETP	+5.0%	17,9 ETP	-22.5%	23,1 ETP	-13.2%	26,6 ETP	+22.0%	21,8 ETP	+46.3%	14,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Miguel CORNILLE

Managing director · since 05 mars 2024 · until 29 mai 2027

Active

Ended mandates

Kim CORNILLE

Director · since 30 juin 2021 · until 05 mars 2024

Ended

Kim Cornille

Director

Ended

Miguel Cornille

Managing director

Ended

Miguel CORNILLE

Director

Ended

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	30/07/2026	30/07/2025	19/07/2024	28/07/2023	28/07/2022	28/07/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	30/07/2026	French	PDF
Full model	31/12/2024	30/06/2025	30/07/2025	Dutch	PDF
Full model	31/12/2023	30/06/2024	19/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	28/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	28/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	28/07/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	29/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	24/07/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	24/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	14/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	15/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	30/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	25/07/2014	Dutch	PDF
Full model	31/12/2012	30/06/2013	30/07/2013	Dutch	PDF
Full model	31/12/2011	30/06/2012	30/07/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	26/07/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	26/07/2010	Dutch	PDF
Full model	31/12/2008	30/06/2009	30/07/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	28/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 5 ended

Active mandates

Miguel CORNILLE

Managing director · since 05 mars 2024 · until 29 mai 2027

Active

Ended mandates

Kim CORNILLE

Director · since 30 juin 2021 · until 05 mars 2024

Ended

Kim Cornille

Director

Ended

Miguel Cornille

Managing director

Ended

Miguel CORNILLE

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates09/04/2024
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates09/05/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates05/08/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates04/12/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates05/12/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates18/11/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates04/09/2015
DEMISSIONS, NOMINATIONS
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 20258,8 M €↑
2024
Annual accounts 20248,8 M €↑
2023
Annual accounts 20238,2 M €↑
2022
Annual accounts 20226,4 M €↑
2021
Annual accounts 20216,3 M €↑
2020
Annual accounts 20205,5 M €↑
2019
Annual accounts 20193,8 M €↓
2018
Annual accounts 20184 M €↑
2017
Annual accounts 20173,1 M €↑
2016
Annual accounts 20163 M €↓
2015
Annual accounts 20154,5 M €↑
2014
Annual accounts 20142,5 M €↑
2013
Annual accounts 2013897,1 k €↑
2012
Annual accounts 2012366,1 k €↓
2011
Annual accounts 20111,8 M €↑
2010
Annual accounts 2010-833,1 k €↓
2009
Annual accounts 2009555,2 k €↑
2008
Annual accounts 2008515,5 k €↑
2007
Annual accounts 2007514 k €↑
2006
Annual accounts 2006376,9 k €
06/09/1991
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

NEW VEPELI

Overview

What does NEW VEPELI do?

Trend over 20 financial years

Indicative valuation

Board of directors

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