ACTIVE

Vandenberghe

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Financial year 2025 · closed on 31/12/2025

Net result

67,2 k €

+48.1% YoY

Gross margin

139,9 k €

+37.5% YoY

Equity

613,5 k €

+6.5% YoY

What does Vandenberghe do?

Vandenberghe is a Private limited company incorporated in 1992. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Zwevegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.653.722

Incorporation

19/02/1992

Legal form

Private limited company

Registered office

Molenstraat(H) 18
8551 Zwevegem · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

43221Plumbing, heat and air-conditioning installation· main 43221Plumbing, heat and air-conditioning installation 45332Sale of motor vehicle parts and accessories

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	139,9 k €	+37.5%	101,7 k €	-38.0%	164,1 k €	+37.0%	119,8 k €	-19.2%	148,3 k €	+13.5%	130,6 k €	+27.4%	102,5 k €	+42.5%	72 k €	-14.1%	83,7 k €	+36.7%	61,2 k €	-39.4%	101 k €	+90.0%	53,1 k €	-23.8%	69,8 k €	-37.4%	111,4 k €	+39.0%	80,1 k €	+19.5%	67 k €	-7.2%	72,2 k €	+86.3%	38,8 k €	-59.9%	96,6 k €	+12.9%	85,5 k €
EBITDA	120,3 k €	+21.3%	99,2 k €	-37.8%	159,4 k €	+37.9%	115,6 k €	-19.9%	144,3 k €	+6.5%	135,5 k €	+35.9%	99,7 k €	+27.1%	78,4 k €	-11.4%	88,6 k €	-17.3%	107,1 k €	+10.4%	97 k €	+94.4%	49,9 k €	+7.6%	46,4 k €	-54.7%	102,3 k €	+31.0%	78,1 k €	+82.0%	42,9 k €	-35.9%	67 k €	+99.5%	33,6 k €	+1.5%	33,1 k €	-55.7%	74,6 k €
Operating result	81,6 k €	+48.0%	55,1 k €	-55.9%	125 k €	+86.8%	66,9 k €	-35.6%	104 k €	+5.6%	98,4 k €	+29.7%	75,9 k €	+63.0%	46,6 k €	+1.4%	45,9 k €	-28.4%	64,1 k €	+26.4%	50,7 k €	+541%	7,9 k €	+2703%	282,4 €	-99.4%	47,6 k €	+72.0%	27,7 k €	+1537%	1,7 k €	-94.6%	31,2 k €	+931%	3 k €	-68.5%	9,6 k €	-82.3%	54,3 k €
Net result	67,2 k €	+48.1%	45,4 k €	-53.7%	98 k €	+87.4%	52,3 k €	-37.7%	84 k €	+3.7%	81 k €	+28.3%	63,2 k €	+63.9%	38,5 k €	+21.0%	31,8 k €	-31.2%	46,3 k €	-5.5%	49 k €	+108%	23,5 k €	+254%	-15,2 k €	-156%	27,3 k €	-9.8%	30,3 k €	-17.3%	36,6 k €	-3.0%	37,7 k €	+614%	5,3 k €	+44.5%	3,7 k €	-94.6%	67,6 k €
Balance sheet
Equity	613,5 k €	+6.5%	576,3 k €	+4.6%	551 k €	+16.5%	472,9 k €	+7.3%	440,6 k €	+23.6%	356,6 k €	+16.1%	307,2 k €	+11.5%	275,6 k €	+3.2%	267,1 k €	-8.7%	292,4 k €	-3.6%	303,2 k €	+7.8%	281,3 k €	+9.1%	257,7 k €	-5.6%	273 k €	+11.1%	245,7 k €	+14.0%	215,4 k €	+20.4%	178,9 k €	+26.7%	141,2 k €	+9.1%	129,4 k €	+2.9%	125,7 k €
Total assets	660,3 k €	+9.7%	601,9 k €	+3.8%	579,9 k €	+16.3%	498,5 k €	+7.7%	462,7 k €	+9.0%	424,6 k €	+10.6%	383,9 k €	+7.4%	357,4 k €	-13.7%	414,2 k €	-14.7%	485,7 k €	-5.3%	512,9 k €	+8.4%	473,1 k €	-8.4%	516,7 k €	-6.9%	555,2 k €	+20.7%	459,9 k €	+2.0%	451,1 k €	+21.8%	370,2 k €	+13.8%	325,2 k €	+11.6%	291,4 k €	+10.9%	262,9 k €
Cash	74,5 k €	-73.3%	279 k €	+19.0%	234,4 k €	+15.2%	203,6 k €	+66.7%	122,1 k €	+38.2%	88,3 k €	+10.6%	79,9 k €	+21.5%	65,7 k €	+39.2%	47,2 k €	-33.8%	71,3 k €	-64.0%	198,3 k €	+11.1%	178,5 k €	+3.3%	172,9 k €	-10.8%	193,9 k €	-15.8%	230,3 k €	+41.3%	163 k €	+9.0%	149,5 k €	-10.0%	166,1 k €	+1.7%	163,4 k €	+10.2%	148,3 k €
Debts	27,9 k €	+317%	6,7 k €	-33.5%	10,1 k €	+51.8%	6,6 k €	+108%	3,2 k €	-93.5%	49,2 k €	+3.4%	47,5 k €	+11.8%	42,5 k €	-56.6%	97,8 k €	-28.1%	136 k €	+32.9%	102,4 k €	+80.9%	56,6 k €	-37.2%	90,1 k €	-20.5%	113,3 k €	+150%	45,4 k €	-32.0%	66,8 k €	+78.1%	37,5 k €	+18.6%	31,6 k €	+162%	12 k €	-67.5%	37,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,4 ETP	-60.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

Brecht Vandenberghe

Director

Active

Ended mandates

Brecht Vandenberghe

Manager · since 16 janvier 2007

Ended

Danny Vandenberghe

Manager · since 19 février 1992

Ended

Walter Deconinck

Administrator - manager · since 19 février 1992 · until 16 janvier 2007

Ended

Benny Vandenberghe

Manager

Ended

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	13/08/2026	30/08/2025	31/08/2024	31/08/2023	31/08/2022	31/08/2021
General meeting	20/06/2026	21/06/2025	15/06/2024	17/06/2023	18/06/2022	19/06/2021
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	20/06/2026	13/08/2026	Dutch	PDF
Micro model	31/12/2024	21/06/2025	30/08/2025	Dutch	PDF
Micro model	31/12/2023	15/06/2024	31/08/2024	Dutch	PDF
Micro model	31/12/2022	17/06/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	18/06/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2020	19/06/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	20/06/2020	28/08/2020	Dutch	PDF
Micro model	31/12/2018	15/06/2019	30/08/2019	Dutch	PDF
Micro model	31/12/2017	16/06/2018	04/07/2018	Dutch	PDF
Micro model	31/12/2016	17/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	18/06/2016	07/10/2016	Dutch	PDF
Abridged model	31/12/2014	20/06/2015	21/10/2015	Dutch	PDF
Abridged model	31/12/2013	21/06/2014	30/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/10/2013	06/11/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	15/02/2013	Dutch	PDF
Abridged model	31/12/2010	11/08/2011	14/09/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	13/08/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	25/08/2009	Dutch	PDF
Abridged model	31/12/2007	03/06/2008	06/08/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	28/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 8 ended

Active mandates

Brecht Vandenberghe

Director

Active

Ended mandates

Brecht Vandenberghe

Manager · since 16 janvier 2007

Ended

Danny Vandenberghe

Manager · since 19 février 1992

Ended

Walter Deconinck

Administrator - manager · since 19 février 1992 · until 16 janvier 2007

Ended

Benny Vandenberghe

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/01/2007
KAPITAAL - AANDELEN - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - 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 202567,2 k €↑
2024
Annual accounts 202445,4 k €↓
2023
Annual accounts 202398 k €↑
2022
Annual accounts 202252,3 k €↓
2021
Annual accounts 202184 k €↑
2020
Annual accounts 202081 k €↑
2019
Annual accounts 201963,2 k €↑
2018
Annual accounts 201838,5 k €↑
2017
Annual accounts 201731,8 k €↓
2016
Annual accounts 201646,3 k €↓
2015
Annual accounts 201549 k €↑
2014
Annual accounts 201423,5 k €↑
2013
Annual accounts 2013-15,2 k €↓
2012
Annual accounts 201227,3 k €↓
2011
Annual accounts 201130,3 k €↓
2010
Annual accounts 201036,6 k €↓
2009
Annual accounts 200937,7 k €↑
2008
Annual accounts 20085,3 k €↑
2007
Annual accounts 20073,7 k €↓
2006
Annual accounts 200667,6 k €
19/02/1992
IncorporationPrivate 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

Vandenberghe

Overview

What does Vandenberghe 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