ACTIVE

IMMO V.D.S.

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Financial year 2025 · closed on 30/09/2025

Net result

-19,6 k €

+75.9% YoY

Gross margin

-5,4 k €

+93.3% YoY

Equity

68,2 k €

-86.4% YoY

What does IMMO V.D.S. do?

IMMO V.D.S. is a Public limited company incorporated in 1991. Its main activity is: Development of building projects. Its registered office is in Herzele.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.296.415

Incorporation

27/09/1991

Legal form

Public limited company

Registered office

Kampenstraat 44
9552 Herzele · FlandreSee on map

Contributed capital

61 973,38 €

Latest accounts

30/09/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices

Joint committees (2)

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-5,4 k €	+93.3%	-81 k €	-256%	52 k €	+216%	-44,6 k €	-174%	60,4 k €	-72.0%	215,9 k €	+96.4%	109,9 k €	-63.2%	298,9 k €	+88.6%	158,5 k €	+2343%	6,5 k €	-88.0%	54 k €	+164%	-84,7 k €	-114%	625 k €	+384%	129 k €	+69.1%	76,3 k €	-72.5%	277,2 k €	+46.2%	189,7 k €
EBITDA	-6,7 k €	+91.9%	-82,5 k €	-263%	50,7 k €	+212%	-45,1 k €	-1052%	4,7 k €	-96.4%	130,9 k €	+6176%	2,1 k €	-98.8%	181,1 k €	+324%	42,7 k €	+126%	-163,9 k €	-236%	-48,8 k €	+72.2%	-175,6 k €	-133%	529 k €	+598%	75,8 k €	+450%	13,8 k €	-94.0%	231,1 k €	+65.4%	139,7 k €
Operating result	-16,8 k €	+79.9%	-83,6 k €	-380%	29,8 k €	+159%	-50,7 k €	-1514%	3,6 k €	-97.2%	129,7 k €	+7655%	-1,7 k €	-102%	112,3 k €	+295%	28,4 k €	+115%	-186,4 k €	-309%	-45,6 k €	+66.5%	-136,2 k €	-133%	418,5 k €	+554%	64 k €	+1503%	-4,6 k €	-102%	211,6 k €	+85.0%	114,3 k €
Net result	-19,6 k €	+75.9%	-81,1 k €	-372%	29,8 k €	+159%	-50,8 k €	-10488%	489,5 €	-99.6%	122,8 k €	+956%	-14,4 k €	-114%	102,5 k €	+144%	42,1 k €	+124%	-174 k €	-413%	-33,9 k €	+76.5%	-144,3 k €	-155%	264,4 k €	+385%	54,5 k €	+432%	-16,4 k €	-112%	137 k €	+81.5%	75,5 k €
Balance sheet
Equity	68,2 k €	-86.4%	500,8 k €	-13.9%	581,8 k €	+5.4%	552 k €	-14.7%	647,2 k €	+0.1%	646,7 k €	+23.4%	523,9 k €	-2.7%	538,2 k €	+23.5%	435,7 k €	+10.7%	393,6 k €	-30.7%	567,6 k €	-5.6%	601,6 k €	-19.3%	745,8 k €	+54.9%	481,4 k €	+12.8%	426,9 k €	-3.7%	443,3 k €	+44.7%	306,4 k €
Total assets	482,1 k €	-4.2%	503 k €	-13.6%	581,9 k €	-19.0%	718,7 k €	-18.8%	885,4 k €	+4.5%	847,6 k €	-44.3%	1,5 M €	+39.3%	1,1 M €	+11.0%	984,3 k €	+11.2%	884,9 k €	+10.1%	803,9 k €	-20.2%	1 M €	-22.6%	1,3 M €	+0.6%	1,3 M €	+23.1%	1,1 M €	+51.8%	692 k €	+22.0%	567 k €
Cash	22,1 k €	-39.2%	36,4 k €	-27.4%	50,1 k €	-55.2%	111,6 k €	-14.1%	129,9 k €	-59.3%	318,9 k €	+7.4%	297 k €	+116%	137,6 k €	+6.5%	129,2 k €	+4820%	2,6 k €	-94.1%	44,6 k €	+526%	7,1 k €	-66.1%	21 k €	+662%	2,8 k €	-97.5%	109,1 k €	+5.5%	103,4 k €	+797%	11,5 k €
Debts	413,9 k €	+18665%	2,2 k €	+8751%	24,9 €	-100.0%	166,7 k €	-30.0%	238,2 k €	+18.6%	200,9 k €	-79.9%	998,4 k €	+80.1%	554,5 k €	+1.1%	548,6 k €	+11.7%	491,3 k €	+123%	219,9 k €	-43.7%	390,8 k €	-27.8%	541,6 k €	-31.8%	794,2 k €	+30.0%	610,8 k €	+160%	234,7 k €	-4.0%	244,5 k €
Other
Workforce	–		–		–		–		1,0 ETP	-44.4%	1,8 ETP	-10.0%	2,0 ETP	+11.1%	1,8 ETP	-5.3%	1,9 ETP	-5.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-4.8%	2,1 ETP	+90.9%	1,1 ETP	-21.4%	1,4 ETP	+40.0%	1,0 ETP	-9.1%	1,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 19 ended

Active mandates

Eddy Van der Smissen

Director · since 21 novembre 2019

Active

Ended mandates

Eddy Van der Smissen

Managing director · since 01 mai 2016 · until 30 avril 2022

Ended

FUTURE

Director · since 01 mai 2016 · until 30 avril 2022 · 0462.646.844

Represented by Eddy Van der Smissen

Ended

Green Thumb Projects BVBA

Director · since 01 janvier 2015 · until 27 décembre 2017 · 0518.895.461

Represented by Eddy Van der Smissen

Ended

FUTURE

Director · since 01 mars 2000 · 0462.646.844

Represented by Eddy Van der Smissen

Ended

At this address

Other companies at this address

Company	CBE no.
FUTURE● Active	0462.646.844
Open Vld Herzele● Active	0676.706.741
VAN DER SMISSEN - DE SCHRIJVER● Active	0726.868.114

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/03/2026	24/03/2025	29/03/2024	27/04/2023	29/03/2022	30/04/2021
General meeting	23/03/2026	21/03/2025	25/03/2024	31/03/2023	01/03/2022	31/03/2021
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
Abridged model	30/09/2025	23/03/2026	26/03/2026	Dutch	PDF
Abridged model	30/09/2024	21/03/2025	24/03/2025	Dutch	PDF
Abridged model	30/09/2023	25/03/2024	29/03/2024	Dutch	PDF
Abridged model	30/09/2022	31/03/2023	27/04/2023	Dutch	PDF
Abridged model	30/09/2021	01/03/2022	29/03/2022	Dutch	PDF
Abridged model	30/09/2020	31/03/2021	30/04/2021	Dutch	PDF
Abridged model	30/09/2019	30/03/2020	30/04/2020	Dutch	PDF
Abridged model	30/09/2018	01/03/2019	30/04/2019	Dutch	PDF
Abridged model	30/09/2017	01/03/2018	27/04/2018	Dutch	PDF
Abridged model	30/09/2016	01/03/2017	28/03/2017	Dutch	PDF
Abridged model	30/09/2015	01/03/2016	06/04/2016	Dutch	PDF
Abridged model	30/09/2014	02/03/2015	31/03/2015	Dutch	PDF
Abridged model	30/09/2013	01/03/2014	30/04/2014	Dutch	PDF
Abridged model	30/09/2012	01/04/2013	30/04/2013	Dutch	PDF
Abridged model	30/09/2011	01/04/2012	28/04/2012	Dutch	PDF
Abridged model	30/09/2010	01/04/2011	29/04/2011	Dutch	PDF
Abridged model	30/09/2009	01/03/2010	31/03/2010	Dutch	PDF
Abridged model	30/09/2008	01/04/2009	30/04/2009	Dutch	PDF
Abridged model	30/09/2007	01/03/2008	28/03/2008	Dutch	PDF
Abridged model	30/09/2006	01/03/2007	26/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 30/09/2025 · 1 active · 19 ended

Active mandates

Eddy Van der Smissen

Director · since 21 novembre 2019

Active

Ended mandates

Eddy Van der Smissen

Managing director · since 01 mai 2016 · until 30 avril 2022

Ended

FUTURE

Director · since 01 mai 2016 · until 30 avril 2022 · 0462.646.844

Represented by Eddy Van der Smissen

Ended

Green Thumb Projects BVBA

Director · since 01 janvier 2015 · until 27 décembre 2017 · 0518.895.461

Represented by Eddy Van der Smissen

Ended

FUTURE

Director · since 01 mars 2000 · 0462.646.844

Represented by Eddy Van der Smissen

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/11/2019
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates29/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/09/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/05/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares01/02/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates03/06/2010
ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/10/2007
MAATSCHAPPELIJKE ZETEL
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 2025-19,6 k €↑
2024
Annual accounts 2024-81,1 k €↓
2023
Annual accounts 202329,8 k €↑
2022
Annual accounts 2022-50,8 k €↓
2019
Annual accounts 2019489,5 €↓
2018
Annual accounts 2018122,8 k €↑
2017
Annual accounts 2017-14,4 k €↓
2016
Annual accounts 2016102,5 k €↑
2015
Annual accounts 201542,1 k €↑
2014
Annual accounts 2014-174 k €↓
2013
Annual accounts 2013-33,9 k €↑
2012
Annual accounts 2012-144,3 k €↓
2011
Annual accounts 2011264,4 k €↑
2010
Annual accounts 201054,5 k €↑
2009
Annual accounts 2009-16,4 k €↓
2008
Annual accounts 2008137 k €↑
2007
Annual accounts 200775,5 k €
27/09/1991
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

IMMO V.D.S.

Overview

What does IMMO V.D.S. do?

Trend over 17 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