ACTIVE

VAE VICTIS

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Financial year 2025 · closed on 31/12/2025

Net result

108,6 k €

+391.9% YoY

Gross margin

246 k €

+8.5% YoY

Equity

554,7 k €

+5.4% YoY

What does VAE VICTIS do?

VAE VICTIS is a Private limited company incorporated in 1994. Its main activity is: Site preparation. Its registered office is in Beerse.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.208.753

Incorporation

21/02/1994

Legal form

Private limited company

Registered office

Ketelaarstraat 3
2340 Beerse · FlandreSee on map

Contributed capital

26 029,00 €

Latest accounts

31/12/2025

Activities (NACE)

43120Site preparation· main 43120Site preparation 43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.45112Sale of cars and light motor vehicles 45250Maintenance and repair of motor vehicles+5

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	246 k €	+8.5%	226,8 k €	-71.8%	805,1 k €	+58.5%	508 k €	+46.6%	346,5 k €	-16.1%	412,8 k €	-23.1%	537,2 k €	+3.2%	520,6 k €	-18.9%	641,8 k €	-1.3%	650,4 k €	-30.5%	935,8 k €	+75.1%	534,5 k €	+38.6%	385,5 k €	-7.5%	417 k €	+38.0%	302,1 k €	-3.7%	313,7 k €	-26.1%	424,4 k €	+4.7%	405,3 k €	+35.2%	299,7 k €
EBITDA	137,3 k €	+273%	36,9 k €	-92.0%	461,6 k €	+503%	76,6 k €	+296%	-39,1 k €	-223%	31,8 k €	-79.9%	158,1 k €	+60.6%	98,4 k €	-27.2%	135,2 k €	+8.5%	124,6 k €	-14.2%	145,2 k €	-22.3%	186,9 k €	+44.4%	129,4 k €	-1.1%	130,9 k €	+103%	64,3 k €	+16.6%	55,2 k €	-64.0%	153,1 k €	+18.0%	129,8 k €	+107%	62,6 k €
Operating result	132,2 k €	+308%	32,4 k €	-91.9%	400,9 k €	+423%	76,6 k €	+296%	-39,1 k €	-223%	31,8 k €	-79.9%	158,1 k €	+60.6%	98,4 k €	-27.2%	135,2 k €	+10.0%	122,9 k €	-15.4%	145,2 k €	-6.1%	154,7 k €	+62.0%	95,5 k €	-15.0%	112,3 k €	+147%	45,4 k €	+58.1%	28,7 k €	-76.4%	122 k €	+5.7%	115,4 k €	+136%	48,9 k €
Net result	108,6 k €	+392%	22,1 k €	-93.1%	317,8 k €	+568%	47,5 k €	+284%	-25,8 k €	-156%	45,9 k €	-56.8%	106,1 k €	+107%	51,3 k €	-26.1%	69,3 k €	-1.1%	70,1 k €	-84.2%	444,6 k €	+345%	100 k €	+46.0%	68,5 k €	-16.9%	82,4 k €	+86.8%	44,1 k €	+196%	14,9 k €	-83.8%	92 k €	+0.5%	91,5 k €	+622%	12,7 k €
Balance sheet
Equity	554,7 k €	+5.4%	526,2 k €	+4.4%	504,1 k €	+0.6%	501,3 k €	+2.4%	489,8 k €	-5.0%	515,6 k €	-14.7%	604,7 k €	+4.5%	578,6 k €	-11.8%	656,3 k €	-6.9%	705 k €	+12.3%	627,7 k €	+143%	258,1 k €	+63.2%	158,1 k €	+41.0%	112,1 k €	+277%	29,7 k €	-92.8%	410,6 k €	+0.2%	409,7 k €	+24.1%	330,2 k €	+14.4%	288,7 k €
Total assets	1,3 M €	-29.4%	1,9 M €	+11.2%	1,7 M €	+7.0%	1,6 M €	+0.1%	1,6 M €	+19.7%	1,3 M €	+10.3%	1,2 M €	+1.9%	1,2 M €	+5.0%	1,1 M €	-6.9%	1,2 M €	+12.5%	1,1 M €	+81.3%	589,1 k €	+63.8%	359,7 k €	-34.3%	548 k €	-22.7%	709 k €	+40.0%	506,3 k €	-6.6%	542,4 k €	-1.4%	550,1 k €	-0.6%	553,6 k €
Cash	296,6 k €	+1770%	15,9 k €	-91.2%	180 k €	+518%	29,1 k €	+145%	11,9 k €	+600%	1,7 k €	-79.9%	8,5 k €	-48.2%	16,4 k €	+44.3%	11,3 k €	-88.6%	99,7 k €	+61.9%	61,6 k €	+11.4%	55,3 k €	-5.1%	58,3 k €	-79.9%	290,2 k €	+7.9%	268,9 k €	+172%	98,8 k €	-23.6%	129,3 k €	+82.1%	71 k €	-80.6%	365 k €
Debts	765,7 k €	-43.0%	1,3 M €	+14.1%	1,2 M €	+9.9%	1,1 M €	-1.7%	1,1 M €	+38.0%	789,8 k €	+35.3%	583,5 k €	-2.0%	595,3 k €	+53.0%	389 k €	-4.3%	406,5 k €	+43.5%	283,4 k €	-14.4%	331 k €	+64.2%	201,6 k €	-51.7%	417,1 k €	-38.0%	672,6 k €	+603%	95,7 k €	-25.6%	128,7 k €	-39.3%	212 k €	-16.2%	252,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		10,0 ETP	0.0%	10,0 ETP	0.0%	10,0 ETP	+25.0%	8,0 ETP	+14.3%	7,0 ETP	0.0%	7,0 ETP	+16.7%	6,0 ETP	0.0%	6,0 ETP	0.0%	6,0 ETP	-6.3%	6,4 ETP	+28.0%	5,0 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 · 2 active · 6 ended

Active mandates

Willem Wauters

Manager · since 03 décembre 2014

Active

RAATS INVEST

Mandate · 0563.618.302

Represented by Marcel Raats

Active

Ended mandates

Marcel Raats

Mandate

Ended

Marcel Raats

Manager

Ended

PROVICO

Manager · 0862.524.196

Represented by MARCEL RAATS

Ended

PROVICO

Mandate · 0862.524.196

Ended

At this address

Other companies at this address

Company	CBE no.
CSVL● Active	0809.696.711
Omnia Design● Active	0689.690.091
RAATS INVEST● Active	0563.618.302

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	07/08/2026	27/08/2025	24/09/2024	30/06/2023	23/09/2022	09/08/2021
General meeting	15/06/2026	15/03/2025	15/03/2024	15/06/2023	15/06/2022	15/06/2021
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	15/06/2026	07/08/2026	Dutch	PDF
Micro model	31/12/2024	15/03/2025	27/08/2025	Dutch	PDF
Micro modelCorrection	31/12/2023	15/03/2024	24/09/2024	Dutch	PDF
Micro model	31/12/2023	15/03/2024	27/03/2024	Dutch	PDF
Micro model	31/12/2022	15/06/2023	30/06/2023	Dutch	PDF
Micro model	31/12/2021	15/06/2022	23/09/2022	Dutch	PDF
Micro model	31/12/2020	15/06/2021	09/08/2021	Dutch	PDF
Micro model	31/12/2019	15/04/2020	16/04/2020	Dutch	PDF
Micro model	31/12/2018	15/06/2019	09/09/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	01/06/2018	Dutch	PDF
Abridged model	31/12/2016	15/06/2017	25/07/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/03/2014	01/09/2014	01/09/2014	Dutch	PDF
Abridged model	31/03/2013	20/10/2013	30/10/2013	Dutch	PDF
Abridged model	31/03/2012	20/10/2012	29/10/2012	Dutch	PDF
Abridged model	31/03/2011	20/10/2011	16/01/2012	Dutch	PDF
Abridged model	31/03/2010	20/10/2010	29/11/2010	Dutch	PDF
Abridged model	31/03/2009	08/06/2009	09/06/2009	Dutch	PDF
Abridged model	31/03/2008	20/09/2008	27/05/2009	Dutch	PDF
Abridged model	31/03/2007	20/09/2007	10/04/2008	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 · 2 active · 6 ended

Active mandates

Willem Wauters

Manager · since 03 décembre 2014

Active

RAATS INVEST

Mandate · 0563.618.302

Represented by Marcel Raats

Active

Ended mandates

Marcel Raats

Mandate

Ended

Marcel Raats

Manager

Ended

PROVICO

Manager · 0862.524.196

Represented by MARCEL RAATS

Ended

PROVICO

Mandate · 0862.524.196

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/01/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates11/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office21/04/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates16/12/2014
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates07/12/2006
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/08/2004
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 2025108,6 k €↑
2024
Annual accounts 202422,1 k €↓
2023
Annual accounts 2023317,8 k €↑
2023
Name changeVAE VICTIS
2022
Annual accounts 202247,5 k €↑
2021
Annual accounts 2021-25,8 k €↓
2021
Name changeBOUWONDERNEMING MARCEL RAATS
2020
Annual accounts 202045,9 k €↓
2019
Annual accounts 2019106,1 k €↑
2018
Annual accounts 201851,3 k €↓
2017
Annual accounts 201769,3 k €↓
2016
Annual accounts 201670,1 k €↓
2015
Annual accounts 2015444,6 k €↑
2014
Annual accounts 2014100 k €↑
2013
Annual accounts 201368,5 k €↓
2012
Annual accounts 201282,4 k €↑
2011
Annual accounts 201144,1 k €↑
2010
Annual accounts 201014,9 k €↓
2009
Annual accounts 200992 k €↑
2008
Annual accounts 200891,5 k €↑
2007
Annual accounts 200712,7 k €
21/02/1994
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

VAE VICTIS

Overview

What does VAE VICTIS 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