ACTIVE

VDBM

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Financial year 2025 · closed on 31/12/2025

Net result

27,4 k €

-39.7% YoY

Gross margin

44 k €

-0.1% YoY

Equity

693 k €

-3.6% YoY

What does VDBM do?

VDBM is a Private limited company incorporated in 1994. Its registered office is in Westerlo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.992.869

Incorporation

29/06/1994

Legal form

Private limited company

Registered office

Nieuwebaan 36
2260 Westerlo · FlandreSee on map

Contributed capital

170 000,00 €

Latest accounts

31/12/2025

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 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	44 k €	-0.1%	44,1 k €	-12.3%	50,2 k €	-2.6%	51,6 k €	+11.7%	46,2 k €	-0.6%	46,5 k €	-0.9%	46,9 k €	-67.2%	143,2 k €	+114%	67 k €	-3.7%	69,6 k €	+14.0%	61 k €	+2.2%	59,7 k €	-23.9%	78,5 k €	-7.0%	84,3 k €	+13.6%	74,3 k €	-1.4%	75,3 k €	+6.9%	70,4 k €	+319%	16,8 k €	-48.4%	32,6 k €	+122%	14,7 k €
EBITDA	41 k €	-0.2%	41 k €	-7.7%	44,5 k €	-9.3%	49 k €	+11.9%	43,8 k €	-0.5%	44 k €	-1.6%	44,7 k €	-68.3%	141,1 k €	+117%	65 k €	-3.8%	67,5 k €	+14.4%	59 k €	+3.3%	57,1 k €	-24.9%	76 k €	-6.5%	81,3 k €	+14.2%	71,2 k €	-2.9%	73,3 k €	+9.0%	67,3 k €	+319%	16,1 k €	-49.1%	31,6 k €	+121%	14,3 k €
Operating result	40,4 k €	-0.7%	40,7 k €	-8.5%	44,5 k €	+98.4%	22,4 k €	+31.6%	17 k €	-1.5%	17,3 k €	+7.2%	16,1 k €	-85.7%	112,8 k €	+195%	38,2 k €	-6.2%	40,8 k €	+27.1%	32,1 k €	+5.5%	30,4 k €	-20.1%	38,1 k €	-12.2%	43,4 k €	+31.8%	32,9 k €	-6.5%	35,2 k €	+21.9%	28,9 k €	+317%	-13,3 k €	-147%	28,3 k €	+106%	13,7 k €
Net result	27,4 k €	-39.7%	45,4 k €	+59.3%	28,5 k €	+144%	11,7 k €	-96.8%	363 k €	+625%	50,1 k €	+53.4%	32,6 k €	-55.7%	73,6 k €	+376%	15,5 k €	+65.9%	9,3 k €	+314%	2,3 k €	-73.6%	8,5 k €	+76.6%	4,8 k €	-19.0%	6 k €	+1274%	433,4 €	-85.6%	3 k €	+259%	838,3 €	+104%	-23,1 k €	-242%	16,2 k €	+514%	2,6 k €
Balance sheet
Equity	693 k €	-3.6%	718,8 k €	+6.7%	673,4 k €	+4.3%	645,7 k €	+1.7%	634,8 k €	+133%	272,5 k €	+22.1%	223,2 k €	+17.1%	190,6 k €	+63.0%	116,9 k €	+15.3%	101,5 k €	+10.1%	92,1 k €	+2.5%	89,9 k €	+10.5%	81,4 k €	+6.3%	76,5 k €	+8.4%	70,6 k €	+0.6%	70,1 k €	+4.5%	67,1 k €	+1.3%	66,3 k €	+192%	-71,9 k €	+18.4%	-88,2 k €
Total assets	708,5 k €	-2.1%	723,9 k €	+7.2%	675,3 k €	-0.8%	680,4 k €	-9.5%	751,6 k €	+100%	375,6 k €	+2.2%	367,4 k €	-7.3%	396,3 k €	-7.2%	426,8 k €	-2.3%	436,8 k €	-5.8%	463,8 k €	-5.1%	488,7 k €	-3.5%	506,4 k €	-5.2%	534,1 k €	-7.4%	577,1 k €	-6.4%	616,4 k €	-3.7%	640,1 k €	+4.3%	613,5 k €	+1665%	34,8 k €	+69.1%	20,6 k €
Cash	176,6 k €	-51.5%	364,4 k €	+327%	85,3 k €	-85.6%	593,3 k €	-6.9%	637 k €	+248%	183 k €	+23.7%	147,9 k €	-0.2%	148,3 k €	+87.8%	79 k €	+239%	23,3 k €	-6.4%	24,9 k €	+2.5%	24,3 k €	+37.3%	17,7 k €	+476%	3,1 k €	-80.0%	15,4 k €	-34.7%	23,6 k €	+140%	9,8 k €	+64.7%	6 k €	-69.9%	19,9 k €	+171%	7,3 k €
Debts	15,4 k €	+210%	5 k €	+180%	1,8 k €	-94.9%	34,6 k €	-70.3%	116,6 k €	+13.5%	102,8 k €	-28.3%	143,5 k €	-29.9%	204,7 k €	-11.0%	230,1 k €	-9.1%	253,2 k €	-9.8%	280,6 k €	-10.2%	312,4 k €	-7.3%	336,9 k €	-8.2%	367,2 k €	-12.4%	419,1 k €	-8.4%	457,7 k €	-5.3%	483,4 k €	+5.9%	456,6 k €	+2919%	15,1 k €	-5.5%	16 k €

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 · 1 active · 1 ended

Active mandates

Dirk Vandenbergh

Director

Active

Ended mandates

Dirk Vandenbergh

Manager

Ended

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	15/06/2026	26/06/2025	08/07/2024	20/06/2023	17/06/2022	08/07/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	09/06/2023	10/06/2022	11/06/2021
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

31 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	12/06/2026	15/06/2026	Dutch	PDF
Micro model	31/12/2024	13/06/2025	26/06/2025	Dutch	PDF
Micro model	31/12/2023	14/06/2024	08/07/2024	Dutch	PDF
Micro model	31/12/2022	09/06/2023	20/06/2023	Dutch	PDF
Micro model	31/12/2021	10/06/2022	17/06/2022	Dutch	PDF
Micro model	31/12/2020	11/06/2021	08/07/2021	Dutch	PDF
Micro model	31/12/2019	12/06/2020	29/06/2020	Dutch	PDF
Abridged model	31/12/2018	13/05/2019	17/05/2019	Dutch	PDF
Abridged model	31/12/2017	23/02/2018	06/03/2018	Dutch	PDF
Abridged model	31/12/2016	09/06/2017	29/06/2017	Dutch	PDF
Abridged model	31/12/2015	10/06/2016	07/07/2016	Dutch	PDF
Abridged model	31/12/2014	12/06/2015	15/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	22/07/2014	Dutch	PDF
Abridged model	31/12/2012	20/08/2013	22/08/2013	Dutch	PDF
Abridged model	31/12/2011	08/06/2012	11/06/2012	Dutch	PDF
Abridged model	31/12/2010	10/06/2011	14/06/2011	Dutch	PDF
Abridged model	31/12/2009	11/06/2010	14/06/2010	Dutch	PDF
Abridged model	31/12/2008	18/08/2009	18/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/07/2008	06/08/2008	Dutch	PDF
Abridged model	31/12/2006	11/07/2007	27/07/2007	Dutch	PDF
Abridged model	31/12/2005	09/06/2006	29/08/2006	Dutch	PDF
Abridged model	31/12/2004	10/06/2005	05/07/2005	Dutch	PDF
Abridged model	31/12/2003	11/06/2004	29/06/2004	Dutch	PDF
Abridged model	31/12/2002	04/07/2003	22/07/2003	Dutch	PDF

View all 31 filings

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 · 1 active · 1 ended

Active mandates

Dirk Vandenbergh

Director

Active

Ended mandates

Dirk Vandenbergh

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/05/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other25/04/2018
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office04/11/2008
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares18/03/2004
BENAMING - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202527,4 k €↓
2024
Annual accounts 202445,4 k €↑
2023
Annual accounts 202328,5 k €↑
2022
Annual accounts 202211,7 k €↓
2021
Annual accounts 2021363 k €↑
2020
Annual accounts 202050,1 k €↑
2019
Annual accounts 201932,6 k €↓
2018
Annual accounts 201873,6 k €↑
2017
Annual accounts 201715,5 k €↑
2016
Annual accounts 20169,3 k €↑
2015
Annual accounts 20152,3 k €↓
2014
Annual accounts 20148,5 k €↑
2013
Annual accounts 20134,8 k €↓
2012
Annual accounts 20126 k €↑
2011
Annual accounts 2011433,4 €↓
2010
Annual accounts 20103 k €↑
2009
Annual accounts 2009838,3 €↑
2008
Annual accounts 2008-23,1 k €↓
2007
Annual accounts 200716,2 k €↑
2006
Annual accounts 20062,6 k €
29/06/1994
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

VDBM

Overview

What does VDBM do?

Trend over 20 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