ACTIVE

VDB-ENGELS

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

367,8 k €

+6.9% YoY

Gross margin

1,7 M €

+13.5% YoY

Equity

724,9 k €

-1.2% YoY

Workforce

15,3 ETP

+7.7% YoY

What does VDB-ENGELS do?

VDB-ENGELS is a Private limited company incorporated in 1993. Its registered office is in Meise. It employs on average 15,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.489.387

Incorporation

08/03/1993

Legal form

Private limited company

Registered office

Nieuwenrodestraat 53
1861 Meise · FlandreSee on map

Contributed capital

38 600,00 €

Latest accounts

31/12/2025

Average workforce

15,3 ETP

Joint committees (3)

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,7 M €	+13.5%	1,5 M €	+22.1%	1,2 M €	+34.5%	918,9 k €	+9.3%	840,6 k €	+47.6%	569,5 k €	-9.1%	626,7 k €	+33.7%	468,9 k €	+29.3%	362,6 k €	+49.7%	242,2 k €	+16.5%	207,9 k €	+12.1%	185,4 k €	+3.9%	178,4 k €	-22.2%	229,4 k €	-3.0%	236,4 k €	+6.2%	222,5 k €	+16.9%	190,3 k €	-31.2%	276,6 k €
EBITDA	660,2 k €	+10.2%	599,1 k €	+6.6%	562,2 k €	+31.4%	427,8 k €	+10.0%	388,7 k €	+58.4%	245,5 k €	-16.1%	292,5 k €	+32.6%	220,6 k €	+31.9%	167,2 k €	+107%	80,9 k €	+4.9%	77,2 k €	-25.6%	103,7 k €	+14.6%	90,5 k €	-37.9%	145,7 k €	+6.8%	136,5 k €	+17.0%	116,6 k €	+37.6%	84,8 k €	-46.0%	156,8 k €
Operating result	524,8 k €	+14.4%	458,6 k €	+25.3%	365,9 k €	+23.2%	297,1 k €	+4.2%	285,1 k €	+76.7%	161,4 k €	-16.1%	192,4 k €	+29.5%	148,5 k €	+35.8%	109,4 k €	+467%	19,3 k €	-59.6%	47,7 k €	+0.5%	47,5 k €	+88.8%	25,2 k €	-52.8%	53,4 k €	+30.5%	40,9 k €	+80.6%	22,6 k €	+276%	-12,8 k €	-116%	80,4 k €
Net result	367,8 k €	+6.9%	344,2 k €	+19.9%	287,1 k €	+20.7%	237,9 k €	+9.5%	217,2 k €	+66.9%	130,1 k €	-3.4%	134,8 k €	+37.9%	97,7 k €	+36.2%	71,8 k €	+557%	10,9 k €	-69.7%	36 k €	+2.8%	35 k €	+166%	13,2 k €	-66.3%	39,1 k €	+69.7%	23 k €	+41.2%	16,3 k €	+1050%	1,4 k €	-97.6%	59 k €
Balance sheet
Equity	724,9 k €	-1.2%	733,9 k €	+30.0%	564,8 k €	+54.5%	365,5 k €	-3.3%	378,1 k €	-3.0%	390 k €	-2.4%	399,6 k €	+72.6%	231,5 k €	-0.4%	232,5 k €	-6.3%	248,1 k €	-46.3%	462,2 k €	+8.4%	426,2 k €	+9.0%	391,2 k €	+3.5%	378 k €	+11.5%	338,9 k €	+7.3%	315,9 k €	+5.4%	299,5 k €	+0.5%	298,1 k €
Total assets	1,7 M €	+11.0%	1,6 M €	+4.0%	1,5 M €	+0.0%	1,5 M €	+32.3%	1,1 M €	+6.5%	1,1 M €	+5.5%	1 M €	+61.4%	630,4 k €	+17.9%	534,5 k €	+13.1%	472,4 k €	-13.4%	545,4 k €	+0.7%	541,6 k €	+3.4%	523,7 k €	-8.0%	569,1 k €	+2.6%	554,6 k €	-3.0%	571,6 k €	+6.1%	538,7 k €	+2.1%	527,4 k €
Cash	580,5 k €	+73.8%	334 k €	-34.6%	510,6 k €	+50.5%	339,3 k €	+42.3%	238,5 k €	-31.8%	349,4 k €	-19.6%	434,8 k €	+169%	161,4 k €	+19.5%	135,1 k €	-17.9%	164,4 k €	+112%	77,4 k €	+182%	27,4 k €	-69.2%	89,1 k €	-19.6%	110,7 k €	-40.2%	185 k €	+251%	52,7 k €	-23.7%	69,1 k €	-16.5%	82,7 k €
Debts	1 M €	+22.6%	817,6 k €	-11.6%	924,5 k €	-18.9%	1,1 M €	+50.7%	756,8 k €	+12.3%	673,7 k €	+12.0%	601,7 k €	+52.4%	394,9 k €	+32.7%	297,6 k €	+38.8%	214,5 k €	+202%	71 k €	-31.2%	103,1 k €	-21.4%	131,2 k €	-30.9%	189,8 k €	-11.5%	214,4 k €	-15.7%	254,4 k €	+7.0%	237,8 k €	+4.3%	228 k €
Other
Workforce	15,3 ETP	+7.7%	14,2 ETP	+24.6%	11,4 ETP	+10.7%	10,3 ETP	-3.7%	10,7 ETP	+13.8%	9,4 ETP	+19.0%	7,9 ETP	+51.9%	5,2 ETP	+15.6%	4,5 ETP	+25.0%	3,6 ETP	+28.6%	2,8 ETP	+40.0%	2,0 ETP	+11.1%	1,8 ETP	0.0%	1,8 ETP	-30.8%	2,6 ETP	+8.3%	2,4 ETP	0.0%	2,4 ETP	-20.0%	3,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 13 ended

Active mandates

Annelies Engels

Director · since 01 janvier 2016

Active

Francis Engels

Director · since 01 janvier 2016

Active

Koen Engels

Director · since 01 janvier 2016

Active

Ended mandates

Annelies Engels

Manager · since 01 janvier 2016

Ended

Francis Engels

Manager · since 01 janvier 2016

Ended

Koen Engels

Manager · since 01 janvier 2016

Ended

Geert Van Den Broeck

Mandate · since 11 février 2015 · until 18 janvier 2017

Ended

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	01/01/2025	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	03/06/2026	28/05/2025	31/05/2024	06/07/2023	31/05/2022	02/06/2021
General meeting	25/05/2026	26/05/2025	24/05/2024	14/06/2023	24/05/2022	25/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	25/05/2026	03/06/2026	Dutch	PDF
Abridged model	31/12/2024	26/05/2025	28/05/2025	Dutch	PDF
Abridged model	31/12/2023	24/05/2024	31/05/2024	Dutch	PDF
Abridged model	31/12/2022	14/06/2023	06/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/05/2022	31/05/2022	Dutch	PDF
Abridged model	31/12/2020	25/05/2021	02/06/2021	Dutch	PDF
Abridged model	31/12/2019	25/05/2020	10/06/2020	Dutch	PDF
Abridged model	31/12/2018	24/05/2019	26/06/2019	Dutch	PDF
Abridged model	31/12/2017	28/03/2018	16/04/2018	Dutch	PDF
Abridged model	31/12/2016	24/05/2017	23/06/2017	Dutch	PDF
Abridged model	31/12/2015	24/05/2016	20/06/2016	Dutch	PDF
Abridged model	31/12/2014	25/05/2015	24/08/2015	Dutch	PDF
Abridged model	31/12/2013	24/05/2014	14/08/2014	Dutch	PDF
Abridged model	31/12/2012	24/05/2013	21/08/2013	Dutch	PDF
Abridged model	31/12/2011	24/05/2012	07/06/2012	Dutch	PDF
Abridged model	31/12/2010	24/05/2011	18/07/2011	Dutch	PDF
Abridged model	31/12/2009	24/05/2010	24/08/2010	Dutch	PDF
Abridged model	31/12/2008	24/05/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	23/05/2008	06/10/2008	Dutch	PDF
Abridged model	31/12/2006	30/09/2007	31/01/2008	Dutch	PDF
Abridged model	31/12/2005	30/09/2006	31/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 3 active · 13 ended

Active mandates

Annelies Engels

Director · since 01 janvier 2016

Active

Francis Engels

Director · since 01 janvier 2016

Active

Koen Engels

Director · since 01 janvier 2016

Active

Ended mandates

Annelies Engels

Manager · since 01 janvier 2016

Ended

Francis Engels

Manager · since 01 janvier 2016

Ended

Koen Engels

Manager · since 01 janvier 2016

Ended

Geert Van Den Broeck

Mandate · since 11 février 2015 · until 18 janvier 2017

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office09/03/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates07/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring04/05/2018
BENAMING - DOEL - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/02/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates17/02/2017
ONTSLAGEN - BENOEMINGEN
PDF
Other08/04/2016
DOEL
PDF
Mandates01/04/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/02/2015
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 2025367,8 k €↑
2024
Annual accounts 2024344,2 k €↑
2023
Annual accounts 2023287,1 k €↑
2022
Annual accounts 2022237,9 k €↑
2021
Annual accounts 2021217,2 k €↑
2020
Annual accounts 2020130,1 k €↓
2019
Annual accounts 2019134,8 k €↑
2017
Annual accounts 201797,7 k €↑
2016
Annual accounts 201671,8 k €↑
2015
Annual accounts 201510,9 k €↓
2014
Annual accounts 201436 k €↑
2013
Annual accounts 201335 k €↑
2012
Annual accounts 201213,2 k €↓
2011
Annual accounts 201139,1 k €↑
2010
Annual accounts 201023 k €↑
2009
Annual accounts 200916,3 k €↑
2008
Annual accounts 20081,4 k €↓
2007
Annual accounts 200759 k €
08/03/1993
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

VDB-ENGELS

Overview

What does VDB-ENGELS do?

Trend over 18 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