ACTIVE

VAB Rijschool

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Financial year 2025 · Closed on 31/12/2025

Net result1 M €+11,1 %over 1 year
Revenue27,7 M €+3,2 %over 1 year
Equity2,1 M €-17,6 %over 1 year
Workforce273,3 ETP-1,3 %over 1 year

Identity

Source · BCE/KBO

VAB Rijschool is a Public limited company incorporated in 1992. Its main activity is: Security and investigation activities. Its registered office is in Sint-Niklaas. It employs on average 273,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0448.109.811
Incorporation
09/07/1992
Legal form
Public limited company
Registered office
Oostjachtpark 13
9100 Sint-Niklaas · FlandreSee on map
Contributed capital
1 880 770,15 €
Latest accounts
31/12/2025
Average workforce
273,3 ETP
Joint committees (4)
  • 100
  • 1000
  • 2000
  • 218
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 34 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue27,7 M €26,8 M €24,9 M €22,8 M €21,9 M €
EBITDA2,1 M €2,2 M €451,8 k €685,4 k €996,6 k €
Operating result1,4 M €1,6 M €-97,1 k €82,8 k €201,4 k €
Net result1 M €926,7 k €-151,5 k €116,8 €184,6 k €
Balance sheet
Equity2,1 M €2,5 M €2,5 M €2,7 M €2,7 M €
Total assets13,5 M €13,2 M €11,8 M €11,2 M €12 M €
Cash3,8 M €3,2 M €4,4 M €6,8 M €7,3 M €
Debts11,2 M €10,2 M €9,2 M €8,5 M €9,2 M €
Other
Workforce273,3 ETP276,8 ETP278,5 ETP280,9 ETP281,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 35 ended

Active mandates

Michael Gabriëls

Director · since 06 juin 2025 · until 02 juin 2028

Active
Geert Markey

Managing director · since 02 juin 2023 · until 05 juin 2026

Active
Nele Vandaele

Chairman of the board of directors · since 02 juin 2023 · until 05 juin 2026

Active

Ended mandates

Geert Markey

Managing director · since 05 juin 2023 · until 05 juin 2026

Ended
Nele Vandaele

Chairman of the board of directors · since 05 juin 2023 · until 05 juin 2026

Ended
Tom Swerts

Director · since 02 juin 2023 · until 05 juin 2026

Ended
Dirk Ector

Director · since 05 juin 2020 · until 02 juin 2023

Ended

Other companies at this address

Oostjachtpark 13 9100 Sint-Niklaas
CompanyCBE no.
REIZEN BAERT en WAASLAND● Liquidation
0448.677.854

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date15/06/202606/06/202508/10/202413/06/202313/06/202211/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 34 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202505/06/202615/06/2026DutchPDF
Full model31/12/202406/06/202506/06/2025DutchPDF
Full modelCorrection31/12/202307/06/202408/10/2024DutchPDF
Full model31/12/202307/06/202427/06/2024DutchPDF
Full modelCorrection31/12/202202/06/202304/12/2023DutchPDF
Full model31/12/202202/06/202313/06/2023DutchPDF
Full model31/12/202103/06/202213/06/2022DutchPDF
Full model31/12/202004/06/202111/06/2021DutchPDF
Full model31/12/201905/06/202029/06/2020DutchPDF
Full model31/12/201807/06/201930/06/2019DutchPDF
Full model31/12/201701/06/201805/07/2018DutchPDF
Full model31/12/201602/06/201706/06/2017DutchPDF
Full model31/12/201503/06/201609/06/2016DutchPDF
Full model31/12/201405/06/201510/06/2015DutchPDF
Full model31/12/201306/06/201417/06/2014DutchPDF
Full model31/12/201207/06/201317/06/2013DutchPDF
Full model31/12/201101/06/201212/06/2012DutchPDF
Full model31/12/201003/06/201123/06/2011DutchPDF
Full model31/12/200904/06/201008/07/2010DutchPDF
Full model31/12/200828/05/200917/06/2009DutchPDF
Full model31/12/200730/06/200814/07/2008DutchPDF
Full model31/12/200629/06/200704/07/2007DutchPDF
Full model31/12/200530/06/200619/07/2006DutchPDF
Full model31/12/200430/06/200518/07/2005DutchPDF

View all 34 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 35 ended

Active mandates

Michael Gabriëls

Director · since 06 juin 2025 · until 02 juin 2028

Active
Geert Markey

Managing director · since 02 juin 2023 · until 05 juin 2026

Active
Nele Vandaele

Chairman of the board of directors · since 02 juin 2023 · until 05 juin 2026

Active

Ended mandates

Geert Markey

Managing director · since 05 juin 2023 · until 05 juin 2026

Ended
Nele Vandaele

Chairman of the board of directors · since 05 juin 2023 · until 05 juin 2026

Ended
Tom Swerts

Director · since 02 juin 2023 · until 05 juin 2026

Ended
Dirk Ector

Director · since 05 juin 2020 · until 02 juin 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates19/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares08/10/2025
    KAPITAAL - AANDELEN
    PDF
  • Mandates15/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/03/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares19/09/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates08/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF

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 20251 M €↑
  2. 2024
    Annual accounts 2024926,7 k €↑
  3. 2023
    Annual accounts 2023-151,5 k €↓
  4. 2022
    Annual accounts 2022116,8 €↓
  5. 2021
    Annual accounts 2021184,6 k €↑
  6. 2018
    Annual accounts 2018-5,6 k €↑
  7. 2017
    Annual accounts 2017-377,6 k €↓
  8. 2016
    Annual accounts 2016439,4 k €↑
  9. 2015
    Annual accounts 2015371,5 k €↑
  10. 2014
    Annual accounts 2014352,8 k €↑
  11. 2013
    Annual accounts 201372,8 k €↓
  12. 2012
    Annual accounts 2012214,1 k €↑
  13. 2011
    Annual accounts 2011-107,7 k €↓
  14. 2010
    Annual accounts 2010312,8 k €↑
  15. 2009
    Annual accounts 200968,2 k €↑
  16. 2008
    Annual accounts 2008-26,7 k €↓
  17. 2007
    Annual accounts 200730,8 k €↑
  18. 2006
    Annual accounts 20062 k €
  19. 09/07/1992
    IncorporationPublic limited company