ACTIVE

VDS HOLDING

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Financial year 2025 · closed on 30/11/2025

Net result

1,6 M €

-44.8% YoY

Gross margin

2,2 M €

-18.1% YoY

Equity

29,1 M €

+4.6% YoY

Workforce

2,8 ETP

+3.7% YoY

What does VDS HOLDING do?

VDS HOLDING is a Private limited company incorporated in 1994. Its main activity is: Activities of holding companies. Its registered office is in Aarschot. It employs on average 2,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.657.536

Incorporation

10/01/1994

Legal form

Private limited company

Registered office

Begijnendijksesteenweg 221
3200 Aarschot · FlandreSee on map

Contributed capital

2 595 189,01 €

Latest accounts

30/11/2025

Average workforce

2,8 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities 74151Specialised design activities

Joint committees (5)

14504
200
2000
218
302

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,2 M €	-18.1%	2,7 M €	+382%	565,3 k €	+72.7%	327,4 k €	-30.5%	470,9 k €	+215%	149,4 k €	-8.6%	163,5 k €	-13.0%	187,9 k €	+36.9%	137,2 k €	-26.7%	187,1 k €	+44.2%	129,8 k €	+38.2%	93,9 k €	+52.6%	61,6 k €	-1.2%	62,3 k €	+73.5%	35,9 k €	+84.5%	19,5 k €	-0.7%	19,6 k €	-2.5%	20,1 k €	+9.5%	18,4 k €
EBITDA	2,1 M €	-18.2%	2,6 M €	+421%	492,2 k €	+88.7%	260,8 k €	-23.2%	339,7 k €	+159%	130,9 k €	-10.2%	145,8 k €	-14.1%	169,7 k €	+38.6%	122,4 k €	-29.2%	172,9 k €	+42.5%	121,3 k €	+29.9%	93,4 k €	+53.0%	61,0 k €	+254%	17,3 k €	-49.5%	34,2 k €	+103%	16,8 k €	+18.1%	14,2 k €	-16.6%	17,1 k €	-5.0%	18,0 k €
Operating result	2,1 M €	-18.1%	2,5 M €	+439%	473,2 k €	+96.6%	240,7 k €	-24.0%	316,6 k €	+145%	129,2 k €	-8.3%	140,9 k €	-14.5%	164,9 k €	+37.8%	119,7 k €	-30.3%	171,8 k €	+42.9%	120,2 k €	+28.8%	93,4 k €	+53.0%	61,0 k €	+284%	15,9 k €	-31.9%	23,4 k €	+1082%	2,0 k €	+26.5%	1,6 k €	-76.6%	6,7 k €	-44.6%	12,1 k €
Net result	1,6 M €	-44.8%	2,9 M €	+655%	379,2 k €	-66.4%	1,1 M €	+403%	224,4 k €	+150%	89,6 k €	-9.2%	98,6 k €	-10.2%	109,8 k €	+38.8%	79,1 k €	-32.1%	116,5 k €	+32.6%	87,8 k €	+20.6%	72,8 k €	+63.8%	44,5 k €	+264%	12,2 k €	+315%	2,9 k €	+36.2%	2,2 k €	+53.7%	1,4 k €	-66.6%	4,2 k €	-60.4%	10,6 k €
Balance sheet
Equity	29,1 M €	+4.6%	27,8 M €	+526%	4,4 M €	+3.8%	4,3 M €	+35.8%	3,2 M €	+7.7%	2,9 M €	+3.2%	2,8 M €	+0.7%	2,8 M €	+0.9%	2,8 M €	+1307%	198,6 k €	+32.3%	150,1 k €	+22.8%	122,3 k €	+11.7%	109,4 k €	+68.4%	65,0 k €	+23.2%	52,7 k €	+5.9%	49,8 k €	+4.5%	47,6 k €	+3.0%	46,2 k €	+10.0%	42,0 k €
Total assets	31,8 M €	+2.0%	31,2 M €	+478%	5,4 M €	+21.8%	4,4 M €	+27.3%	3,5 M €	+14.0%	3,0 M €	+3.0%	3,0 M €	+0.3%	3,0 M €	+1.0%	2,9 M €	+858%	305,1 k €	+3.0%	296,3 k €	+21.1%	244,7 k €	+27.9%	191,4 k €	+54.7%	123,7 k €	+96.4%	63,0 k €	-8.0%	68,5 k €	+4.7%	65,4 k €	-18.3%	80,1 k €	+24.2%	64,5 k €
Cash	265,5 k €	-38.7%	433,3 k €	-27.0%	593,9 k €	-49.2%	1,2 M €	+157%	455,3 k €	+17.1%	388,9 k €	+28.9%	301,8 k €	+12.1%	269,2 k €	+18.4%	227,4 k €	-20.4%	285,6 k €	+40.1%	203,9 k €	-16.3%	243,7 k €	+33.0%	183,2 k €	+56.7%	116,9 k €	+113%	54,8 k €	+67.0%	32,8 k €	+28.0%	25,6 k €	-31.3%	37,3 k €	+23.0%	30,3 k €
Debts	2,6 M €	-20.1%	3,3 M €	+266%	902,4 k €	+796%	100,7 k €	-64.0%	279,8 k €	+260%	77,7 k €	-2.3%	79,5 k €	-10.0%	88,3 k €	+5.4%	83,8 k €	+35.3%	62,0 k €	-39.0%	101,6 k €	+30.5%	77,9 k €	+108%	37,4 k €	+163%	14,2 k €	+38.4%	10,3 k €	-45.2%	18,7 k €	+5.1%	17,8 k €	-47.4%	33,8 k €	+50.6%	22,5 k €
Other
Workforce	2,8 ETP	+3.7%	2,7 ETP	+92.9%	1,4 ETP	+16.7%	1,2 ETP	-7.7%	1,3 ETP	+225%	0,4 ETP	0.0%	0,4 ETP	0.0%	0,4 ETP	0.0%	0,4 ETP	0.0%	0,4 ETP	+100%	0,2 ETP		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 1 active · 4 ended

Active mandates

NICK VAN DER SCHUEREN

Director · since 27 avril 2006

Active

Ended mandates

Nick Van De Schueren

Director · since 27 avril 2006

Ended

Nick Van der Schueren

Manager · since 27 avril 2006

Ended

Nick Van der Schueren

Director

Ended

Nick Van der Schueren

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
KASTEEL VAN RIVIEREN● Active	0867.228.696
VDS Immo● Active	0450.388.321

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/01/2020	01/01/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	23 months	12 months
Filing date	27/05/2026	23/05/2025	03/06/2024	30/06/2023	08/07/2022	30/06/2020
General meeting	19/05/2026	20/05/2025	21/05/2024	31/05/2023	30/06/2022	19/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/11/2025	19/05/2026	27/05/2026	Dutch	PDF
Abridged model	30/11/2024	20/05/2025	23/05/2025	Dutch	PDF
Abridged model	30/11/2023	21/05/2024	03/06/2024	Dutch	PDF
Abridged model	30/11/2022	31/05/2023	30/06/2023	Dutch	PDF
Abridged model	30/11/2021	30/06/2022	08/07/2022	Dutch	PDF
Abridged model	31/12/2019	19/06/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	21/05/2019	28/05/2019	Dutch	PDF
Abridged model	31/12/2017	15/05/2018	08/06/2018	Dutch	PDF
Abridged model	31/12/2016	16/05/2017	16/06/2017	Dutch	PDF
Abridged model	31/12/2015	22/06/2016	28/06/2016	Dutch	PDF
Abridged model	31/12/2014	19/05/2015	10/06/2015	Dutch	PDF
Abridged model	31/12/2013	20/05/2014	06/06/2014	Dutch	PDF
Abridged model	31/12/2012	21/05/2013	21/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	17/07/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	18/05/2010	15/06/2010	Dutch	PDF
Abridged model	31/12/2008	22/06/2009	22/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	21/08/2008	Dutch	PDF
Abridged model	31/12/2006	15/05/2007	29/06/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 30/11/2025 · 1 active · 4 ended

Active mandates

NICK VAN DER SCHUEREN

Director · since 27 avril 2006

Active

Ended mandates

Nick Van De Schueren

Director · since 27 avril 2006

Ended

Nick Van der Schueren

Manager · since 27 avril 2006

Ended

Nick Van der Schueren

Director

Ended

Nick Van der Schueren

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office13/01/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates18/01/2021
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Other08/11/2017
BENAMING
PDF
Capital / shares20/01/2017
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office29/06/2016
MAATSCHAPPELIJKE ZETEL
PDF
Registered office20/06/2013
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Registered office05/05/2010
ADRESWIJZIGING MAATSCHAPPELIJKE ZETEL
PDF
Registered office08/01/2008
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 20251,6 M €↓
2024
Annual accounts 20242,9 M €↑
2023
Annual accounts 2023379,2 k €↓
2022
Annual accounts 20221,1 M €↑
2021
Annual accounts 2021224,4 k €↑
2019
Annual accounts 201989,6 k €↓
2018
Annual accounts 201898,6 k €↓
2017
Annual accounts 2017109,8 k €↑
2016
Annual accounts 201679,1 k €↓
2015
Annual accounts 2015116,5 k €↑
2014
Annual accounts 201487,8 k €↑
2013
Annual accounts 201372,8 k €↑
2012
Annual accounts 201244,5 k €↑
2011
Annual accounts 201112,2 k €↑
2010
Annual accounts 20102,9 k €↑
2009
Annual accounts 20092,2 k €↑
2008
Annual accounts 20081,4 k €↓
2007
Annual accounts 20074,2 k €↓
2006
Annual accounts 200610,6 k €
10/01/1994
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

VDS HOLDING

Overview

What does VDS HOLDING do?

Trend over 19 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