ACTIVE

VDS PROPERTIES

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Financial year 2025 · closed on 31/12/2025

Net result

264,3 k €

-41.7% YoY

Gross margin

785,9 k €

-22.7% YoY

Equity

10,1 M €

+2.7% YoY

What does VDS PROPERTIES do?

VDS PROPERTIES is a Public limited company incorporated in 1993. Its main activity is: Development of building projects. Its registered office is in Lummen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.290.034

Incorporation

09/06/1993

Legal form

Public limited company

Registered office

Europaweg 11
3560 Lummen · FlandreSee on map

Contributed capital

1 915 087,63 €

Latest accounts

31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	785,9 k €	-22.7%	1 M €	-7.4%	1,1 M €	+46.6%	748,7 k €	+46.0%	512,7 k €	+113%	240,5 k €	+50.3%	160 k €	+6.8%	149,9 k €	+38.0%	108,6 k €	+49.0%	72,9 k €	-10.8%	81,7 k €	-12.2%	93 k €	+10.1%	84,5 k €	+125%	37,6 k €	-43.0%	66 k €
EBITDA	715,5 k €	-24.1%	943 k €	-8.7%	1 M €	+52.7%	676,8 k €	+47.5%	459 k €	+150%	183,8 k €	+74.0%	105,6 k €	-16.0%	125,7 k €	+47.3%	85,4 k €	+70.8%	50 k €	-25.8%	67,4 k €	-14.8%	79 k €	+11.3%	71 k €	+192%	24,3 k €	-54.0%	52,9 k €
Operating result	307,8 k €	-46.1%	570,7 k €	-13.7%	661,6 k €	+118%	303,8 k €	+189%	105,3 k €	+644%	14,2 k €	-57.1%	33 k €	-25.1%	44,1 k €	+1098%	-4,4 k €	+90.1%	-44,6 k €	-3063%	1,5 k €	-85.5%	10,3 k €	+44.1%	7,2 k €	+117%	-41,9 k €	-153%	-16,6 k €
Net result	264,3 k €	-41.7%	453,1 k €	-8.6%	496 k €	+124%	221,5 k €	+263%	61 k €	+1233%	4,6 k €	-71.4%	16 k €	-69.0%	51,7 k €	+2206%	2,2 k €	+106%	-35,9 k €	-756%	-4,2 k €	-118%	23,7 k €	-31.4%	34,6 k €	+923%	-4,2 k €	-103%	139,3 k €
Balance sheet
Equity	10,1 M €	+2.7%	9,8 M €	+4.8%	9,4 M €	+5.6%	8,9 M €	+2.6%	8,7 M €	+0.7%	8,6 M €	+343%	1,9 M €	+24.6%	1,6 M €	+3.4%	1,5 M €	+0.1%	1,5 M €	-2.3%	1,5 M €	-0.3%	1,5 M €	+1.6%	1,5 M €	+2.3%	1,5 M €	-0.3%	1,5 M €
Total assets	10,3 M €	+2.6%	10 M €	+5.4%	9,5 M €	+6.3%	9 M €	+1.3%	8,9 M €	+1.0%	8,8 M €	+323%	2,1 M €	+19.4%	1,7 M €	+0.6%	1,7 M €	-3.8%	1,8 M €	-5.6%	1,9 M €	+11.6%	1,7 M €	-7.0%	1,8 M €	+7.7%	1,7 M €	+1.0%	1,7 M €
Cash	2,5 M €	+37.9%	1,8 M €	+12.6%	1,6 M €	+742%	189,3 k €	+43.1%	132,3 k €	-83.6%	809 k €	+14.6%	705,7 k €	+607%	99,8 k €	+821%	10,8 k €	+1536%	662,8 €	-92.0%	8,3 k €	-65.8%	24,2 k €	+13509%	177,6 €	-69.8%	588,9 €	-61.6%	1,5 k €
Debts	25,1 k €	-0.9%	25,3 k €	+26.6%	20 k €	-56.0%	45,6 k €	-69.2%	148 k €	+39.2%	106,3 k €	+60.5%	66,2 k €	+28.0%	51,7 k €	-40.4%	86,8 k €	-39.1%	142,5 k €	-31.8%	208,8 k €	+72761%	286,6 €	-99.8%	141 k €	+268%	38,3 k €	+233%	11,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 19 ended

Active mandates

Marie-Josee Janssen

Director · since 30 juin 2020 · until 30 juin 2026

Active

Michel Vanderstraeten

Managing director · since 30 juin 2020 · until 30 juin 2026

Active

Ended mandates

Marie-Josee Janssen

Director · since 30 juin 2020 · until 28 avril 2026

Ended

Marie-Josee Janssen

Director · since 30 juin 2020 · until 30 avril 2026

Ended

Michel Vanderstraeten

Managing director · since 30 juin 2020 · until 28 avril 2026

Ended

Michel Vanderstraeten

Managing director · since 30 juin 2020 · until 30 avril 2026

Ended

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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	01/07/2026	24/06/2025	18/06/2024	20/06/2023	09/07/2022	16/07/2021
General meeting	30/06/2026	30/05/2025	07/06/2024	19/06/2023	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
Abridged model	31/12/2025	30/06/2026	01/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	24/06/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	18/06/2024	Dutch	PDF
Abridged model	31/12/2022	19/06/2023	20/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	09/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	16/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	14/07/2020	Dutch	PDF
Micro model	31/12/2018	15/05/2019	29/08/2019	Dutch	PDF
Micro model	31/12/2017	04/06/2018	30/08/2018	Dutch	PDF
Micro model	31/12/2016	06/06/2017	17/07/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	21/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	15/07/2014	Dutch	PDF
Abridged model	31/12/2012	04/06/2013	15/07/2013	Dutch	PDF
Abridged model	31/12/2011	05/06/2012	16/07/2012	Dutch	PDF
Abridged model	31/12/2010	07/06/2011	13/07/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	30/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	10/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	11/07/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	10/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 2 active · 19 ended

Active mandates

Marie-Josee Janssen

Director · since 30 juin 2020 · until 30 juin 2026

Active

Michel Vanderstraeten

Managing director · since 30 juin 2020 · until 30 juin 2026

Active

Ended mandates

Marie-Josee Janssen

Director · since 30 juin 2020 · until 28 avril 2026

Ended

Marie-Josee Janssen

Director · since 30 juin 2020 · until 30 avril 2026

Ended

Michel Vanderstraeten

Managing director · since 30 juin 2020 · until 28 avril 2026

Ended

Michel Vanderstraeten

Managing director · since 30 juin 2020 · until 30 avril 2026

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/08/2026
ONTSLAGEN, BENOEMINGEN
PDF
Mandates19/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring20/04/2021
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates23/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/01/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - KAPITAAL - AANDELEN - ALGEMENE VERGADERING
PDF
Restructuring24/11/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates24/08/2020
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 2025264,3 k €↓
2024
Annual accounts 2024453,1 k €↓
2023
Annual accounts 2023496 k €↑
2022
Annual accounts 2022221,5 k €↑
2021
Annual accounts 202161 k €↑
2020
Annual accounts 20204,6 k €↓
2020
Name changeVDS PROPERTIES
2019
Annual accounts 201916 k €↓
2013
Annual accounts 201351,7 k €↑
2012
Annual accounts 20122,2 k €↑
2011
Annual accounts 2011-35,9 k €↓
2010
Annual accounts 2010-4,2 k €↓
2009
Annual accounts 200923,7 k €↓
2008
Annual accounts 200834,6 k €↑
2007
Annual accounts 2007-4,2 k €↓
2006
Annual accounts 2006139,3 k €
2006
Name changeIMMO V.D.L.
09/06/1993
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

VDS PROPERTIES

Overview

What does VDS PROPERTIES do?

Trend over 15 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